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      <OtherExpensesNotIncludedAmt>1568032</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>1568032</ExpensesNotRptFinclStmtAmt>
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        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ENDOWMENT IS USED TO SUPPORT SCHOLARSHIPS AND AWARDS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). THE ORGANIZATION IS FURTHER CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE CODE. THE ORGANIZATION FOLLOWS THE GUIDANCE OF ACCOUNTING STANDARDS CODIFICATION 740, ACCOUNTING FOR INCOME TAXES, RELATED TO UNCERTAIN INCOME TAXES, WHICH PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT. IT HAS BEEN DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>DEPRECIATION-RENTAL PROPERTY 11,696.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHOLARSHIPS 1,568,032.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>DEPRECIATION 15,855.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHOLARSHIPS 1,568,032.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:</FormAndLineReferenceDesc>
        <ExplanationTxt>DEPRECIATION PER BOOKS $81,945 DEPRECIATION PER TAX RETURN $77,786 DIFFERENCE BOOK AND TAX DEPRECIATION $4,159</ExplanationTxt>
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    <IRS990ScheduleE documentId="RetDoc1040400001">
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      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
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      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
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      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
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        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES WHERE IT HAS PUBLISHED ITS NONDISCRIMINATORY POLICIES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>NYS GOVERNMENT GRANTS-NONPUBLIC SCHOOL MANDATED SERVICE $274,224</ExplanationTxt>
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        <Event1Nm>GALA</Event1Nm>
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        <CharitableContriEvent1Amt>9713</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>29305</GrossRevenueEvent1Amt>
        <FoodAndBeverageEvent1Amt>21599</FoodAndBeverageEvent1Amt>
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        <OtherDirectExpensesEvent1Amt>5706</OtherDirectExpensesEvent1Amt>
        <Event2Nm>GIVING TUESDAY</Event2Nm>
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        <OtherEventsTotalCnt>1</OtherEventsTotalCnt>
        <GrossReceiptsOtherEventsAmt>300</GrossReceiptsOtherEventsAmt>
        <CharitableContriOtherEventsAmt>300</CharitableContriOtherEventsAmt>
        <GrossReceiptsTotalAmt>55144</GrossReceiptsTotalAmt>
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        <GrossRevenueTotalEventsAmt>29305</GrossRevenueTotalEventsAmt>
        <FoodAndBeverageTotalEventsAmt>21599</FoodAndBeverageTotalEventsAmt>
        <EntertainmentTotalEventsAmt>2000</EntertainmentTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>5706</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>29305</DirectExpenseSummaryEventsAmt>
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        <RecipientCnt>292</RecipientCnt>
        <CashGrantAmt>1568032</CashGrantAmt>
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        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>FINANCIAL ASSISTANCE IS APPROVED BY THE SCHOLARSHIP COMMITTEE BASED ON THE FINANCIAL NEEDS OF EACH FAMILY AND IS DEDUCTED FROM THE TUITION EACH FAMILY HAS TO PAY. EACH FAMILY IS REVIEWED DURING THE YEAR TO DETERMINE IF THERE IS ANY CHANGE IN THEIR FINANCIAL CONDITION (EITHER POSITIVE OR NEGATIVE).</ExplanationTxt>
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        <PersonNm>RAFI KALMAN</PersonNm>
        <TitleTxt>PRINCIPAL</TitleTxt>
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        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>269024</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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        <TotalCompensationFilingOrgAmt>181763</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>IT IS THE INTENTION OF THE BOARD OF TRUSTEES TO MONITOR, REVIEW AND IMPROVE THE POLICY ANNUALLY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE EXECUTIVE BOARD OF TRUSTEES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 18</FormAndLineReferenceDesc>
        <ExplanationTxt>THE AFOREMENTIONED FORMS ARE AVAILABLE ON REQUEST. FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE AFOREMENTIONED DOCUMENTS ARE AVAILABLE ON REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>DEPRECIATION -4,159.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990 PART XII, QUESTION 2(C)</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S BOARD OF TRUSTEES MEETS REGULARLY AND IS REPONSIBLE FOR THE OVERSIGHT AND SELECTION OF THE INDEPENDENT AUDITOR.</ExplanationTxt>
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  </ReturnData>
</Return>