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      <ReconcilationRevenueExpnssAmt>-137441</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>false</FSAuditedInd>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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      <SchoolInd>X</SchoolInd>
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        <Desc>Financial derivatives and other financial products</Desc>
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      <OtherSecuritiesGrp>
        <Desc>Closely-held equity interests</Desc>
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      <OtherLiabilitiesOrgGrp>
        <Desc>Federal income taxes</Desc>
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        <ExplanationTxt>ILM CUSTIMARILY DRAWS STUDENTS FROM LOCAL COMMUNITIES AND FOLLOWS A RACIAL NONDISCRIMINATION POLICY AS TO STUDENTS. THEREFORE, IN ACCORDANCE WITH INTERNAL REVENUE SERVICE REVENUE PROCEDURE 75- 50 SECTION 4.03 SUBSECTION 2C, THE PUBLICITY REQUIREMENTS RELATED TO THIS QUESTION ARE SATISFIED BY THE ORGANIZATIONS INCLUSION OF A STATEMENT OF ITS RACIAL NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN ALL WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT DEAL WITH STUDENT ADMISSIONS PROGRAMS .</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>ILM INCLUDES AN OPTIONAL QUESTION OR RACE ON STUDENT APPLICATIONS. THIS IS NOT REQUIRED INFORMATION AND IS NOT REQUIRED FOR FACULTY OR STAFF TO DISCLOSE RACE OR ETHNIC BACKGROUND .</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE FORM 990 WAS REVIEWED BY THE TREASURER OF THE BOARD OF DIRECTORS BEFORE FILING AND IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND OFFICERS PERSONAL KNOWLEDGE OF BOARD MEMBERS ACTIVITIES ARE RELIED UPON TO MONITOR ADHERENCE TO THE POLICY. THE POLICY REQUIRES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BE REPORTED IN WRITING TO THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE WHENEVER A CONFLICT DOES OR MAY EXIST.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line Line 15a</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRINCIPAL S COMPENSATION IS REVIEWED BY THE INDEPENDENT BOARD OF DIRECTORS ON AN ANNUAL BASIS . THE COMPENSATION IS BASED ON INFORMATION OBTAINED OF SIMILAR POSITIONS IN OTHER PRIVATE SCHOOLS OF COMPARABLE SIZE AND GEOGRAPHIC LOACTION . OFFICERS OF THE BOARD OF DIRECTORS DO NOT RECEI VE COMPENSATION , NOR DO NON OFFICER BOARD MEMBERS. THERE ARE NO KEY EMPLOYEES AS DEFINED FOR FORM 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
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        <ExplanationTxt>THE ORGANIZATIONS DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATIONS DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line Line 15b</FormAndLineReferenceDesc>
        <ExplanationTxt>SEE PT . VI, LINE 15A NOTE ABOVE .</ExplanationTxt>
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</Return>