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      <FootnoteTextInd>X</FootnoteTextInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>BELIEVE CIRCLE CITY HIGH SCHOOL, INC. RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, BELIEVE CIRCLE CITY HIGH SCHOOL, INC. WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX EXEMPT PURPOSE. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. AS A WHOLLY-OWNED SUBSIDIARY OF BELIEVE CIRCLE CITY HIGH SCHOOL, INC., THE ACCOUNTS AND BALANCES OF BUILD BELIEVE PROPERTIES, LLC ARE REPORTED ON BELIEVE CIRCLE CITY HIGH SCHOOL, INC.'S TAX FILINGS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE BELIEVE CIRCLE CITY HIGH SCHOOL, INC. TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. BELIEVE SCHOOLS, INC. EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2021 ARE CURRENTLY OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.</ExplanationTxt>
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      <NondiscriminatoryPolicyStmtInd>1</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>0</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>0</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>1</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>BELIEVE'S NONDISCRIMINATORY POLICY IS PRESENT IN THE INITIAL CHARTER, PUBLICIZED IN THE EMPLOYEE AND STUDENT HANDBOOK, WEBSITE, AND WILL BE REVIEWED DURING STAFF PD AND STUDENT ORIENTATION. BELIEVE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION (CREED), GENDER, GENDER EXPRESSION, AGE, NATIONAL ORIGIN (ANCESTRY), DISABILITY, MARITAL STATUS, SEXUAL ORIENTATION, OR MILITARY STATUS, IN ANY OF ITS ACTIVITIES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION RECEIVED FUNDING FROM THE STATE OF INDIANA AS A PUBLIC CHARTER SCHOOL UNDER INDIANA CODE 20-24. IT ALSO RECEIVED FUNDING UNDER FEDERAL PROGRAMS ADMINSTERED BY THE STATE OF INDIANA.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 WAS PROVIDED TO THE BELIEVE EXECUTIVE AND DEAN OF OPERATIONS. THE 990 IS THEN SENT TO THE FINANCE COMMITTEE AND THE BOARD CHAIR FOR FINAL REVIEW AND SIGN-OFF.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CORPORATION'S CONFLICT-OF-INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, AND EMPLOYEES AND IMPOSES A CONTINUING DUTY TO DISCLOSE ANY PERSONAL OWNERSHIP, INTEREST, OR RELATIONSHIP THAT COULD IMPAIR IMPARTIAL JUDGMENT, WITH THE BOARD ABLE TO REQUIRE ANNUAL DISCLOSURE STATEMENTS AND CHARGED WITH OVERSIGHT OF DISCLOSURES AND FAILURES TO DISCLOSE. MONITORING AND HANDLING PRACTICES INCLUDE STANDARDS OF IMPARTIAL CONDUCT, A PROHIBITION ON GIFTS OR FAVORS BEYOND COMMON BUSINESS COURTESIES, AND DOCUMENTATION/BOARD ACTION WHEN POTENTIAL CONFLICTS ARISE. THE BOARD OF DIRECTORS REVIEWS ACTUAL CONFLICTS AND SPECIFICALLY APPROVES ANY DEALINGS BY OFFICERS OR EMPLOYEES WITH RELATIVES OR ENTITIES IN WHICH THEY OR THEIR RELATIVES HAVE A SIGNIFICANT FINANCIAL INTEREST, AND DIRECTORS WITH SUCH INTERESTS MUST DISCLOSE THEM AND REFRAIN FROM VOTING ON MATTERS PERTAINING TO THE TRANSACTION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE OFFICER'S LAST RATE OF PAY IS REQUESTED AND COMPARED TO LOCAL COMPS IN THE AREA, AFTER WHICH A FAIR OFFER IS MADE.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE STORED ON THE SCHOOL'S ON-LINE PORTAL THROUGH BOARD ON TRACK WHICH INTEGRATES WITH THE WEBSITE.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>TEACHING SERVICES: PROGRAM SERVICE EXPENSES 691,001. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 691,001. SECURITY: PROGRAM SERVICE EXPENSES 588. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 588. RECRUITING: PROGRAM SERVICE EXPENSES 32,000. MANAGEMENT AND GENERAL EXPENSES 28,371. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,371. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 43,092. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,092. VEHICLE OPERATION: PROGRAM SERVICE EXPENSES 15,057. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,057. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 58,102. MANAGEMENT AND GENERAL EXPENSES 78,259. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,361.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.</ExplanationTxt>
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      <PaidEmployeesSharingInd>0</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>