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      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
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      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
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    <IRS990ScheduleI documentId="RetDoc1041900001">
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>FINANCIAL AID</TypeOfGrant>
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        <AmountOfCashGrant>2500298</AmountOfCashGrant>
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      <Form990ScheduleIPartIV>
        <Identifier>Procedure for Monitoring Grants in the U.S.:</Identifier>
        <ReturnReference>Part I, Line 2:</ReturnReference>
        <Explanation>Schedule I, Part I, Line 2: The School's financial aid program is a need-based program as evaluated by the FINANCIAL AID DEPARTMENT AND INDEPENDENT SCHOOL MANAGEMENT'S SYSTEM, FINANCIAL AID FOR SCHOOL TUITION ("FAST"). The Financial Aid Committee at the School reviews this evaluation and makes financial aid awards based on the level of need and the available financial aid funds. The Committee considers total income, assets, number of dependents, provisions for retirement, and extraordinary expenses in assessing a family's ability to pay educational expenses. While the Committee usually tries to meet 100% of the need as determined by "FAST," it does expect that every family contribute to the child's tuition and school expenses in some way. The School also assists families receiving financial aid by providing them used books for a discounted price and discounts on optional FIELD trips AND ACTIVITIES.</Explanation>
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    </IRS990ScheduleI>
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      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
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      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>ROBERT DWORKOSKI</BusinessNameLine1>
        </NameBusiness>
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      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
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          <BusinessNameLine1>DWORKOSKI-DEFERRED COMP</BusinessNameLine1>
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      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>CHAD TEW</BusinessNameLine1>
        </NameBusiness>
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        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
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        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>PAUL ROSENBAUM</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>208083</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
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        <DeferredCompFilingOrg>10404</DeferredCompFilingOrg>
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        <NontaxableBenefitsFilingOrg>13002</NontaxableBenefitsFilingOrg>
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        <TotalCompensationFilingOrg>303972</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>AMY MAENTZ</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>147625</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>10000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>11000</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7381</DeferredCompFilingOrg>
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        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
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        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>Part I, Line 4a</ReturnReference>
        <Explanation>THE SCHOOL TERMINATED THE 457(f) PLAN AND DISTRIBUTED $530,759 TO Robert Dworkoski IN JANUARY 2009. Paul Rosenbaum, Chad Tew and Amy Maentz participate in a 457(b) plan - plan provides a $2 School participation for every $1 contributed by employee up to the maximum annual dollar limit under Sec 457(b)</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>521598225</IssuerEIN>
        <CUSIPNumber>NONEAVAIL</CUSIPNumber>
        <DateIssued>2008-08-28</DateIssued>
        <IssuePrice>20000000</IssuePrice>
        <DescriptionOfPurpose>CAPITAL IMPROVEMENTS</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>521598225</IssuerEIN>
        <CUSIPNumber>130911VP2</CUSIPNumber>
        <DateIssued>2004-01-08</DateIssued>
        <IssuePrice>16000000</IssuePrice>
        <DescriptionOfPurpose>capitAL IMPROVEMENTS</DescriptionOfPurpose>
        <Defeased>1</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>20000000</TotalProceeds>
        <AmountUnspent>8362346</AmountUnspent>
        <IssuanceCostsFromProceeds>128100</IssuanceCostsFromProceeds>
        <CapitalExpenditures>11509554</CapitalExpenditures>
        <YearOfSubstCompletion>2011</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>0</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>16000000</TotalProceeds>
        <AmountInReserveFund>1073363</AmountInReserveFund>
        <AmountDefeased>5761140</AmountDefeased>
        <IssuanceCostsFromProceeds>349000</IssuanceCostsFromProceeds>
        <CapitalExpenditures>8816497</CapitalExpenditures>
        <YearOfSubstCompletion>2005</YearOfSubstCompletion>
        <CurrentRefunding>1</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>0</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>1</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>0</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>1</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>1</Form8038TFiled>
        <VariableRateIssue>0</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <ExceptionToRebate>1</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>1</Form8038TFiled>
        <VariableRateIssue>0</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <ExceptionToRebate>1</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>FIN AID TO 1 INT PERSON</NameOfInterestedPerson>
        <RelationshipWithOrganization>OFFICER</RelationshipWithOrganization>
        <TypeOfAssistance>FIN AID ASSISTANCE TO 2 STUDENTS Amount $ 26850.</TypeOfAssistance>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>LAUREL BAKER TEW</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>SPOUSE OF AN OFFICER</Relationship>
        <AmountOfTransaction>123708</AmountOfTransaction>
        <DescriptionOfTransaction>COMPENSATION</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>KRIS DWORKOSKI</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>SPOUSE OF AN OFFICER</Relationship>
        <AmountOfTransaction>135697</AmountOfTransaction>
        <DescriptionOfTransaction>COMPENSATION</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc1042900001">
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      </SecuritiesPubliclyTraded>
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      <Form990ScheduleMPartII>
        <Identifier>Third Party Use:</Identifier>
        <ReturnReference>Part I, Line 32b:</ReturnReference>
        <Explanation>Smith Barney Investments receives and immediately sells any marketable security donation.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>The draft 990 was circulated and reviewed in A Trustee meeting and posted on the Trustee secure web page.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>Trustees and Officers review and sign an Annual Code of Understanding, WHICH INCLUDES A CONFLICT OF INTEREST DISCLOSURE SECTION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15</Identifier>
        <Explanation>The Trustee Executive Committee reviews executive compensation and engages outside consultants for "safe harbor" and benchmarking analysis.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART XI, LINE 2C</Identifier>
        <Explanation>THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>