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        <FormAndLineReferenceDesc>SUPPLEMENTAL INFORMATION</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHEDULE A, PART I, LINE 11G: ASPEN ACADEMY INVESTMENT FUND ("AAIF") OPERATES FOR THE EXCLUSIVE BENEFIT OF ASPEN PREP ACADEMY, A RELATED EXEMPT ORGANIZATION. AAIF SUPPORTS THE SCHOOL THROUGH MANAGING INVESTMENTS AND REAL ESTATE HOLDINGS FOR THE BENEFIT AND LONG TERM SUSTAINABILITY OF THE SCHOOL.</ExplanationTxt>
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        <ExplanationTxt>FRINGE OR EXPENSE EXPLANATION THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF OFFICERS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE CONTROLLER AND DIRECTOR OF BUSINESS AND OPERATIONS OF ASPEN PREP ACADEMY, A RELATED ORGANIZATION, REVIEW THE FORM 990 AND REPORT THEIR ANALYSIS TO THE FINANCE COMMITTEE CHAIR WHO THEN APPROVES THE REPORT FOR FILING. IN ADDITION, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL BEFORE FILING WITH THE IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THIS PROCESS DID NOT CHANGE DURING THE TAX YEAR.</ExplanationTxt>
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