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    <Timestamp>2012-04-09T09:05:46-07:00</Timestamp>
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        <BusinessNameLine1>ARK INSTITUTE OF LEARNING</BusinessNameLine1>
        <BusinessNameLine2>CAROL A STOCKDALE</BusinessNameLine2>
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      <Name>E GLENN EVERITT</Name>
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        <NamePerson>PAT HIMSL</NamePerson>
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        <NamePerson>MARY SENECAL</NamePerson>
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        <NamePerson>JEFF IVERSON JR</NamePerson>
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        <NamePerson>DONNA GRAY</NamePerson>
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        <NamePerson>DIANE HUNT</NamePerson>
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        <Total>0</Total>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>0</Total>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>20644</Total>
        <ManagementAndGeneral>20644</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>2815</Total>
        <ProgramServices>2815</ProgramServices>
      </Insurance>
      <OtherExpenses>
        <Description>TRAINING</Description>
        <Total>5877</Total>
        <ProgramServices>5877</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TESTS</Description>
        <Total>1500</Total>
        <ProgramServices>1500</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>STATE BUSINESS TAXES</Description>
        <Total>3036</Total>
        <ProgramServices>3036</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>1754</Total>
        <ProgramServices>1754</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BUSINESS EXPENSES</Description>
        <Total>1466</Total>
        <ProgramServices>1466</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>2994</Total>
        <ProgramServices>2994</ProgramServices>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>467502</Total>
        <ProgramServices>446208</ProgramServices>
        <ManagementAndGeneral>21294</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>12999</BOY>
        <EOY>5834</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>174829</BOY>
        <EOY>156464</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <EOY>0</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <EOY>0</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <EOY>0</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>-374</BOY>
        <EOY>-1514</EOY>
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      <LandBuildingsEquipmentBasis>944615</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>204779</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>755970</BOY>
        <EOY>739836</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>159267</BOY>
        <EOY>171305</EOY>
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      <InvestmentsOtherSecurities>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <EOY>0</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <EOY>0</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>1102691</BOY>
        <EOY>1071925</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>4790</BOY>
        <EOY>1312</EOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>4790</BOY>
        <EOY>1312</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <CapStckTrstPrinCurrentFunds>
        <BOY>992094</BOY>
        <EOY>992094</EOY>
      </CapStckTrstPrinCurrentFunds>
      <RetainedEarningsEndowmentEtc>
        <BOY>105807</BOY>
        <EOY>78519</EOY>
      </RetainedEarningsEndowmentEtc>
      <TotalNetAssetsFundBalances>
        <BOY>1097901</BOY>
        <EOY>1070613</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1102691</BOY>
        <EOY>1071925</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-27288</ReconcilationRevenueExpenses>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <AuditCommittee>false</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="11000144" softwareVersion="2011v1.2">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>333262</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>192535</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>195366</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>184194</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>158456</CurrentTaxYear>
        <Total>1063813</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>143655</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>152361</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>168233</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>209139</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>252842</CurrentTaxYear>
        <Total>926230</Total>
      </GrossReceiptsFromAdmissions>
      <GrossReceiptsFromNonUBI>
        <Total>0</Total>
      </GrossReceiptsFromNonUBI>
      <TaxRevLeviedForOrgBenefit509>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit509>
      <ValueOfSvcsFcltsFurnishdByGovt>
        <Total>0</Total>
      </ValueOfSvcsFcltsFurnishdByGovt>
      <Total509>
        <CurrentTaxYearMinus4Years>476917</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>344896</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>363599</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>393333</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>411298</CurrentTaxYear>
        <Total>1990043</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <CurrentTaxYearMinus4Years>210000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>101500</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>21975</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22482</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>14510</CurrentTaxYear>
        <Total>370467</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <CurrentTaxYearMinus4Years>15000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>20000</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>7675</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>21226</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>45080</CurrentTaxYear>
        <Total>108981</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
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        <CurrentTaxYearMinus3Years>121500</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>29650</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>43708</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>59590</CurrentTaxYear>
        <Total>479448</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>1510595</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>9397</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>10126</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>5372</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>29335</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>13251</CurrentTaxYear>
        <Total>67481</Total>
      </GrossInvestmentIncome509>
      <Post1975UBTI>
        <Total>0</Total>
      </Post1975UBTI>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>9397</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>10126</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>5372</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>29335</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>13251</CurrentTaxYear>
        <Total>67481</Total>
      </InvestmentIncomeAndUBTI>
      <NetIncomeFromOtherUBI>
        <Total>0</Total>
      </NetIncomeFromOtherUBI>
      <OtherIncome509>
        <CurrentTaxYearMinus4Years>45999</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>52669</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>51478</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>37944</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>14675</CurrentTaxYear>
        <Total>202765</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>532313</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>407691</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>420449</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>460612</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>439224</CurrentTaxYear>
        <Total>2260289</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.66830</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.62870</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.02990</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.02690</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
      <FactsAndCircumstancesTest>Part III, Line 12--SCH ATTACHED</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="11000144" softwareVersion="2011v1.2">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="11000144" softwareVersion="2011v1.2">
      <CurrentYear>
        <BeginningOfYearBalance>192227</BeginningOfYearBalance>
        <Contributions>10000</Contributions>
        <InvestmentEarningsOrLosses>-32106</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>8708</GrantsOrScholarships>
        <EndOfYearBalance>161413</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>167143</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>32662</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>7578</GrantsOrScholarships>
        <EndOfYearBalance>192227</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>128774</BeginningOfYearBalance>
        <Contributions>10000</Contributions>
        <InvestmentEarningsOrLosses>34093</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>5724</GrantsOrScholarships>
        <EndOfYearBalance>167143</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Land>
        <OtherCostOrOtherBasis>176366</OtherCostOrOtherBasis>
        <BookValue>176366</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>731427</OtherCostOrOtherBasis>
        <Depreciation>169669</Depreciation>
        <BookValue>561758</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>19720</OtherCostOrOtherBasis>
        <Depreciation>19565</Depreciation>
        <BookValue>155</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>17102</OtherCostOrOtherBasis>
        <Depreciation>15545</Depreciation>
        <BookValue>1557</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>739836</TotalOfBookValueLandBuildings>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="11000144" softwareVersion="2011v1.2">
      <NoGrantMoreThan5000>X</NoGrantMoreThan5000>
      <TotalNbrOf501C3AndGovtGrants>0</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>EUDCATIONAL</TypeOfGrant>
        <NumberOfRecipients>62</NumberOfRecipients>
        <AmountOfCashGrant>36820</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>THE FOUNDATION MAKES FORM 990 AVAILABLE UPON WRITTEN REQUEST</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>COPIES ARE AVAILABLE TO ALL MEMBERS OF GOVERNING BODY UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 8</Identifier>
        <ReturnReference>Form 990, Part VI, Line 8 : Explanation of No Contemporaneously Documentation of Meetings</ReturnReference>
        <Explanation>8b. The Finance committee makes decisions on investments in endowments with no written minutes.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 2</Identifier>
        <ReturnReference>Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et</ReturnReference>
        <Explanation>RONALD AND CAROL STOCKDALE MARRIED COUPLE INVOLVED IN FOUNDATION</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>