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        <ManagementAndGeneral>47199</ManagementAndGeneral>
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      <FeesForServicesManagement>
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      </FeesForServicesManagement>
      <FeesForServicesLegal>
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        <ManagementAndGeneral>1714</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>23443</Total>
        <ManagementAndGeneral>23443</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
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      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
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      </FeesForServicesOther>
      <Advertising>
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      </Advertising>
      <OfficeExpenses>
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        <ManagementAndGeneral>13093</ManagementAndGeneral>
        <Fundraising>3273</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>474165</Total>
        <ProgramServices>444102</ProgramServices>
        <ManagementAndGeneral>28287</ManagementAndGeneral>
        <Fundraising>1776</Fundraising>
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      <Travel>
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        <ProgramServices>100916</ProgramServices>
        <ManagementAndGeneral>5485</ManagementAndGeneral>
        <Fundraising>3290</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>11369</Total>
        <ProgramServices>5685</ProgramServices>
        <ManagementAndGeneral>2842</ManagementAndGeneral>
        <Fundraising>2842</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>118838</Total>
        <ProgramServices>112896</ProgramServices>
        <ManagementAndGeneral>5942</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>328945</Total>
        <ProgramServices>312498</ProgramServices>
        <ManagementAndGeneral>16447</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>0</Total>
      </Insurance>
      <OtherExpenses>
        <Description>IME (Cons)</Description>
        <Total>67211</Total>
        <ProgramServices>67211</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Computer Services</Description>
        <Total>84964</Total>
        <ProgramServices>42482</ProgramServices>
        <ManagementAndGeneral>21241</ManagementAndGeneral>
        <Fundraising>21241</Fundraising>
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      <OtherExpenses>
        <Description>Athletics-AD</Description>
        <Total>150563</Total>
        <ProgramServices>150563</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Group Insurance</Description>
        <Total>310606</Total>
        <ProgramServices>247506</ProgramServices>
        <ManagementAndGeneral>58800</ManagementAndGeneral>
        <Fundraising>4300</Fundraising>
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      <AllOtherExpenses>
        <Total>298175</Total>
        <ProgramServices>263496</ProgramServices>
        <ManagementAndGeneral>25398</ManagementAndGeneral>
        <Fundraising>9281</Fundraising>
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      <TotalFunctionalExpenses>
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        <ProgramServices>5674024</ProgramServices>
        <ManagementAndGeneral>965547</ManagementAndGeneral>
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        <EOY>299944</EOY>
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      <SavingsAndTempCashInvestments>
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      <PledgesAndGrantsReceivable>
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        <EOY>44527</EOY>
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      <ReceivablesFromOfficersEtc>
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      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <EOY>0</EOY>
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      <InventoriesForSaleOrUse>
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      <PrepaidExpensesDeferredCharges>
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      <LandBuildingsEquipmentBasis>13073006</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>5782005</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>6755067</BOY>
        <EOY>7291001</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
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      <InvestmentsOtherSecurities>
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      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
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      <IntangibleAssets>
        <EOY>0</EOY>
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      <OtherAssetsTotal>
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      <TotalAssets>
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      <AccountsPayableAccruedExpenses>
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      <MortNotesPyblSecuredInvestProp>
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        <EOY>3138448</EOY>
      </MortNotesPyblSecuredInvestProp>
      <UnsecuredNotesLoansPayable>
        <BOY>60171</BOY>
        <EOY>47414</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>697479</BOY>
        <EOY>391194</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>3656681</BOY>
        <EOY>3887467</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>3999770</BOY>
        <EOY>4368611</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>3999770</BOY>
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      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>7656451</BOY>
        <EOY>8256078</EOY>
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      <ReconcilationRevenueExpenses>200598</ReconcilationRevenueExpenses>
      <ReconcilationPriorAdjustment>168243</ReconcilationPriorAdjustment>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="12000229" softwareVersion="2012v2.0">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="12000229" softwareVersion="2012v2.0">
      <ContributorInfo>
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        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="12000229" softwareVersion="2012v2.0">
      <Land>
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        <OtherCostOrOtherBasis>625269</OtherCostOrOtherBasis>
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      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>9174301</OtherCostOrOtherBasis>
        <Depreciation>3485770</Depreciation>
        <BookValue>5688531</BookValue>
      </Buildings>
      <LeaseholdImprovements>
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        <Depreciation>483646</Depreciation>
        <BookValue>468880</BookValue>
      </LeaseholdImprovements>
      <Equipment>
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        <Depreciation>1006208</Depreciation>
        <BookValue>189968</BookValue>
      </Equipment>
      <OtherLandBuildings>
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        <Depreciation>806381</Depreciation>
        <BookValue>299479</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>7291001</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>Deferred Revenue</Description>
        <Amount>391194</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>391194</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>6941959</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>6941959</RevenueSubtotal>
      <TotalRevenuePerForm990>6941959</TotalRevenuePerForm990>
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      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</Identifier>
        <Explanation>Nondiscrimnatory policy is included on the school's website, in the admissions packet and annually in a newspaper ad.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="IRS990ScheduleG" softwareId="12000229" softwareVersion="2012v2.0">
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      <SpecialFundraisingEvents>X</SpecialFundraisingEvents>
      <AgreementRefFundraising>false</AgreementRefFundraising>
      <LicensedStates>AR</LicensedStates>
      <EventsInformation>
        <NameOfEvent1>40 Year Anniversary Campaign</NameOfEvent1>
        <GrossReceiptsEvent1>130966</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>130966</CharitableContributionsEvent1>
        <NameOfEvent2>Partners Dinner</NameOfEvent2>
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        <CharitableContributionsEvent2>52425</CharitableContributionsEvent2>
        <GrossRevenueEvent2>7047</GrossRevenueEvent2>
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        <EntertainmentEvent2>7500</EntertainmentEvent2>
        <TotalNumberOfOtherEvents>4</TotalNumberOfOtherEvents>
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        <CharitableContribOtherEvents>100802</CharitableContribOtherEvents>
        <GrossRevenueOtherEvents>17857</GrossRevenueOtherEvents>
        <OtherDirectExpensesOtherEvents>8062</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>309097</GrossReceiptsTotal>
        <CharitableContributionsTotal>284193</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>24904</GrossRevenueTotalEvents>
        <FoodAndBeverageTotalEvents>11159</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>7500</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>8062</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>26721</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-1817</NetIncomeSummary>
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      <RecordsMaintained>true</RecordsMaintained>
      <TotalNbrOf501C3AndGovtGrants>0</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
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        <NumberOfRecipients>370</NumberOfRecipients>
        <AmountOfNonCashAssistance>715590</AmountOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Tuition/Fee Red</DescriptionOfNonCashAssistance>
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    <IRS990ScheduleJ documentId="IRS990ScheduleJ" softwareId="12000229" softwareVersion="2012v2.0">
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      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
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      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
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      <AnyNonFixedPayments>false</AnyNonFixedPayments>
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      <RebuttablePresumptionProcedure>false</RebuttablePresumptionProcedure>
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        <Title>President</Title>
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        <NamePerson>Dr Carter Lambert</NamePerson>
        <PurposeOfLoan>Assist with home purchase</PurposeOfLoan>
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        <OriginalPrincipalAmount>15000</OriginalPrincipalAmount>
        <BalanceDue>1250</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>false</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>1250</TotalBalanceDue>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>James H Cone Construction Co</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>Former Director</Relationship>
        <AmountOfTransaction>1028879</AmountOfTransaction>
        <DescriptionOfTransaction>Construction Services</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
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    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>No documents available to the public.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>Compensation of President and other key employees is approved by Board</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11b: Form 990 Review Process</ReturnReference>
        <Explanation>Form 990 is reviewed by a representative of the governing body prior to filing.</Explanation>
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</Return>