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      <Description>PROVIDING AN EXCELLENT EDUCATION IS THE COLLECTIVE GOAL OF PARENTS, FACULTY, ADMINISTRATION AND TRUSTEES. THE THREE SCHOOL DIVISIONS : (1) EARLY CHILDHOOD, (2) LOWER SCHOOL AND (3) MIDDLE SCHOOL, WORK TOGETHER TO PROVIDE A SEQUENCED CURRICULUM THAT IS CHALLENGING AND PREPARES STUDENTS FOR THEIR NEXT LEVEL OF EDUCATION. THE SCHOOL'S PROGRAM GUIDES THE STUDENTS THROUGH YEARS OF DEVELOPMENT IN ACADEMICS, HONOR, INTEGRITY, RESPONSIBILITY, SPORTSMANSHIP AND TEAMWORK.THE KEY VALUE OF A CHESAPEAKE ACADEMY EDUCATION IS CONNECTEDNESS, FOUND IN SEVERAL WAYS:-ACADEMICS - CULTIVATING A STIMULATING LEARNING ENVIRONMENT PROMOTING ACADEMIC EXCELLENCE, CRITICAL THINKING AND A LIFE-LONG LOVE OF LEARNING;-SCHOOL FAMILY - FOSTERING SUPPORTIVE INTERACTION AMONG MOTIVATED AND LOYAL STUDENTS, FACULTY, PARENTS, ALUMNI, BOARD MEMBERS AND FRIENDS;-THE INDIVIDUAL - EMPHASIZING ETHICAL CHARACTER, INSTILLING PERSONAL RESPONSIBILITY AND NURTURING INDIVIDUAL POTENTIAL THROUGH BROAD PARTICIPATION IN SCHOOL PROGRAMS; -VISION - INSPIRING STUDENTS TO BE ALL THEY CAN BE AS TRUE CITIZENS IN THEIR COMMUNITY BOTH NOW AND IN THE FUTURE.BELOW IS A DESCRIPTION OF EACH OF THE THREE DIVISIONS OF THE SCHOOL:(1) EARLY CHILDHOOD - THE ACADEMIC CURRICULUM IN EARLY CHILDHOOD BEGINS WITH EACH CHILD'S UNIQUE DEVELOPMENT AND BUILDS FOUNDATIONAL SKILLS IN COMMUNICATION, INDEPENDENCE, LOGIC, INQUIRY, SOCIALIZATION, AND CRITICAL AND CREATIVE THINKING--ALL IN A NURTURING AND JOYFUL ENVIRONMENT. IN A WORLD AS RAPIDLY CHANGING AS OURS RECOGNIZING AND RESPONDING TO PATTERNS IS ALSO AN ESSENTIAL SKILL. PATTERN IDENTIFICATION IS THE NAME OF THE GAME ACROSS THE CURRICULUM IN THE EARLY CHILDHOOD DIVISION! FINDING AND USING PATTERNS PERMEATES THE EARLY CHILDHOOD CURRICULUM IN PRE-KINDERGARTEN AND KINDERGARTEN.CHILDREN LEARN THE VARIOUS PATTERNS INHERENT IN THE CODE OF LANGUAGE GUIDED BY EXPERIENCED TEACHERS--FROM BASIC LETTER RECOGNITION AND AWARENESS OF TEXT IN THE WORLD AROUND THEM TO DECODING INDEPENDENTLY. THE LANGUAGE ARTS PROGRAM FOCUSES ON COMMUNICATION: SPOKEN, WRITTEN AND SOMETIMES SIGNED. THE WORLD OF MATHEMATICS FOR THE VERY YOUNG CHILD IS NECESSARILY HANDS-ON AND CONCRETE, AND CHILDREN DEVELOP STRONG MATH SKILLS USING MANIPULATIVES AND AUTHENTIC EXPERIENCES TO BUILD AN UNDERSTANDING OF MATHEMATICAL PATTERNS AND CONSTRUCTS IN THEIR EVERYDAY LIVES. SCIENCE EXPLORATIONS ABOUND, OFTEN SPRINGING FROM STUDENT INTERESTS, AND CHILDREN BEGIN TO FOCUS THEIR CURIOSITY ON ORGANIZED INQUIRY AND USING THE SCIENTIFIC METHOD TO EVALUATE THE PATTERNS THEY OBSERVE AND FORM NEW QUESTIONS. LEARNING ABOUT THEMSELVES, THEIR FAMILIES AND COMMUNITIES PROVIDES A SPRINGBOARD FOR INTEREST IN A WIDE VARIETY OF WORLD CULTURES IN THE EARLY CHILDHOOD SOCIAL STUDIES CURRICULUM. STUDENTS DISCOVER WHAT IS UNIQUE TO BEING HUMAN AND WHAT RICHNESS DIVERSE CULTURES CAN IMPART. IMBEDDED THROUGHOUT THE EARLY CHILDHOOD CURRICULUM IS THE USE OF PRACTICAL TECHNOLOGY. YOUNG CHILDREN LEARN TO ACCESS INFORMATION AND PRACTICE SKILLS USING A VARIETY OF APPLICATIONS. PERHAPS THE JEWEL IN THE CROWN OF THE EARLY CHILDHOOD PROGRAM IS THE FOUNDATION OF THE SCHOOL-WIDE SOCIAL MORAL CURRICULUM. FROM THE OUTSET, YOUNG CHILDREN LEARN TO COLLABORATE EFFECTIVELY, TO BE EMPATHETIC AND POSITIVE. THE CORE VALUES OF COURAGE, RESPECT, HONOR AND KINDNESS CREATE A SAFE AND JOYFUL ENVIRONMENT IN WHICH TO LEARN AND GROW. THE EARLY CHILDHOOD EXPERIENCE IS ENRICHED WEEKLY WITH THE INTEGRATION OF SPANISH INSTRUCTION, LIBRARY, ART, MUSIC, PHYSICAL EDUCATION AND A VARIETY OF CROSS-CURRICULAR EXPERIENCES WITH CHESAPEAKE ACADEMY'S LOWER AND MIDDLE SCHOOL STUDENTS. THE FOLLOWING IS A LIST OF PRE-KINDERGARTEN ACTIVITIES AND SKILLS THE STUDENTS LEARN: DRAMA, SINGING AND PAINTING; EXPLORATION OF NATURAL WORLD; WORKING COOPERATIVELY; UNDERSTANDING RESPONSIBILITY; ABC'S, NUMBERS, COLORS AND SHAPES; INTRODUCTION TO WRITING; LANGUAGE AND CONVERSATION SKILLS; FRIENDSHIP BUILDING; PHYSICAL COORDINATION; TRADITIONS AND COMMUNITY; SINGING AND RHYTHM INSTRUMENTS; SCULPTURE AND CRAFTS; LETTER/SOUND RELATIONSHIPS; DRAWING AND WRITING SKILLS; DEVELOPING MEMORY; FOLLOWING DIRECTIONS; COMPREHENDING STORY ELEMENTS; INCREASING ATTENTION SPAN; EXPLORING PATTERNS, SORTING AND GROUPING; SELF AND FAMILY; AND PATRIOTISM.ALONG WITH ALL OF THE SKILLS AND ACTIVITIES DISCUSSED FOR PRE-KINDERGARTEN, THE KINDERGARTEN CLASS ALSO EXPERIENCES THE FOLLOWING: READING READINESS; EXPLORING WORLD CULTURES; DANCING AND SCHOOL PERFORMANCES; PHONEMIC AWARENESS; RHYME, GRAMMAR AND USAGE; SHAPES, PATTERNS, TIME AND MEMORY; BASIC ADDITION AND SUBTRACTION; CONNECTING IDEAS AND EXPERIENCES; LOCAL HISTORY, GEOGRAPHY AND ECOLOGY.(2) LOWER SCHOOL - IN LOWER SCHOOL AT CHESAPEAKE ACADEMY, STUDENTS BECOME ADAPT AT WORKING IN A VARIETY OF SETTINGS, WHETHER INDEPENDENTLY, COLLABORATIVELY WITH OTHERS, OR WORKING INDIVIDUALLY WITH THE TEACHER. TEACHERS ENCOURAGE STUDENTS TO UNDERSTAND THEMSELVES AS LEARNERS AS TEACHERS CONTINUALLY ASSESS A STUDENTS PROGRESS. USING INSTRUCTIONAL STRATEGIES THAT ARE DIFFERENTIATED FOR LEARNING PREFERENCES AND ACADEMIC PERFORMANCE, TEACHERS DESIGN INTEGRATED UNITS THAT ALLOW STUDENTS TO BUILD KNOWLEDGE AND SKILLS MOST EFFECTIVELY. LOWER SCHOOL STUDENTS ARE CHALLENGED TO FULLY ENGAGE WITH MATERIALS, EACH OTHER, TEACHERS, AND EVEN OLDER STUDENTS WHO REGULARLY VISIT THE LOWER SCHOOL CLASSROOMS FOR INSTRUCTIONAL ACTIVITIES. STUDENTS LEARN HOW TO CHOOSE AND USE MATERIALS THAT SUPPORT THEIR LEARNING, WHETHER THOSE ARE LIBRARY RESOURCES, ONLINE WEBSITES, OR MULTIMEDIA COMPUTER PROGRAMS.THE LOWER SCHOOL EXPERIENCE AT CHESAPEAKE ACADEMY IS ONE IN WHICH TEACHERS TRULY KNOW AND UNDERSTAND EACH STUDENT AS A PERSON AND AS A LEARNER. TEACHERS PROVIDE BOTH A NURTURING AND CHALLENGING ATMOSPHERE WHERE STUDENTS DEVELOP THE CONFIDENCE TO ATTEMPT AND MASTER NEW SKILLS. TEACHERS AND STUDENTS WORK WITH THE CURRICULUM IN WAYS THAT ALLOW STUDENTS TO NOT JUST ACQUIRE KNOWLEDGE, BUT ALSO TO APPLY INFORMATION TO NEW SITUATIONS AND CREATE HIGHER LEVELS OF UNDERSTANDING. FIELD TRIPS AND COMMUNITY SERVICE PROJECTS ENRICH THE STUDENTS' EXPERIENCES.THE ACADEMIC CURRICULUM IN LOWER SCHOOL BUILDS ON THE LANGUAGE ACQUISITION SKILLS FROM EARLY CHILDHOOD AND EXPANDS CHILDREN'S ABILITIES TO THINK CRITICALLY--TO ORGANIZE, RELATE, AND ANALYZE INFORMATION. THE LANGUAGE ARTS PROGRAM EMPHASIZES EFFECTIVE READING, WRITING, SPEAKING AND LISTENING SKILLS AS STUDENTS MOVE FROM "LEARNING TO READ" TO "READING TO LEARN." THE MATH CURRICULUM FOCUSES ON DEVELOPING COMPUTATION SKILLS WITHIN THE CONTEXT OF PROBLEM SOLVING, REASONING, AND APPLICATION. STUDENTS MOVE FROM HANDS ON WORK WITH MANIPULATIVES TO MORE ABSTRACT CONCEPTS. THEY UNDERSTAND MATHEMATICAL THINKING AND ARE ABLE TO APPLY IT TO NEW SITUATIONS.THE SCIENCE CURRICULUM IS DESIGNED FOR STUDENTS TO DEVELOP METHODS OF OBSERVATION, CLASSIFICATION, AND RESEARCH, WHILE INCREASING REASONING ABILITY. STUDENTS WORK WITH SCIENTIFIC INSTRUMENTS AS THEY TEST THEORIES, LEARN THE LANGUAGE OF SCIENCE, AND COMMUNICATE ABOUT THE WORLD AROUND THEM. THE STUDY OF SCIENCE AT CA GIVES OUR STUDENTS A GREATER UNDERSTANDING OF THE WORLD IN WHICH WE LIVE AND THE RELATIONSHIPS AMONG THE UNIVERSE'S COMPONENTS. THE SOCIAL STUDIES CURRICULUM PROVIDES STUDENTS WITH A SENSE OF WHO THEY ARE AND THEIR RELATION TO THE PAST, PRESENT, AND FUTURE. STUDENTS UNDERSTAND THE INTERCONNECTION OF PEOPLES, COMMUNITIES, CULTURES, AND HISTORICAL EVENTS. AS AN INDEPENDENT SCHOOL, CHESAPEAKE ACADEMY IS ABLE TO INFUSE ACADEMIC INSTRUCTION WITH A SOCIAL AND MORAL CURRICULUM AIMED AT DEVELOPING INDEPENDENT, COMPETENT STUDENTS WHO DEMONSTRATE INTEGRITY IN THEIR ACTIONS AND INTERPERSONAL RELATIONSHIPS. IN ADDITION TO THE ACADEMIC CONTENT IN LOWER SCHOOL, THE CHESAPEAKE ACADEMY EXPERIENCE IS ENRICHED BY THE INTEGRATION OF SPANISH, ART, MUSIC, PHYSICAL EDUCATION, LIBRARY, AND TECHNOLOGY INSTRUCTION INTO DAILY LIFE. IN SPANISH CLASSES TWICE A WEEK, STUDENTS LEARN BASIC VOCABULARY AND HOW TO APPLY IT TO SPEECH AND INTERPERSONAL CONVERSATION. WEEKLY ART AND MUSIC CLASSES ALLOW STUDENTS TO EXPRESS CONCEPTS IN UNIQUE WAYS AND TO PERFORM AND PRESENT THEIR WORK FOR LARGER AUDIENCES. THROUGH PE CLASSES 3 TIMES A WEEK, STUDENTS DEVELOP PHYSICAL FITNESS, SELF-CONFIDENCE, AND A LOVE OF GAMES AND ATHLETICS. WEEKLY LIBRARY CLASSES TEACH STUDENTS TO USE RESOURCES EFFECTIVELY, WHILE ENCOURAGING STUDENTS TO READ FOR PLEASURE. STUDENTS USE TECHNOLOGY DAILY TO INCREASE THEIR KEYBOARDING SKILLS, RESEARCH SKILLS, AND ABILITIES TO USE MULTIMEDIA EFFECTIVELY.OUR UNIQUE 4TH AND 5TH GRADE PROGRAM IS DESIGNED TO HELP STUDENTS SUCCESSFULLY "BRIDGE" THE TRANSITION FROM LOWER SCHOOL TO MIDDLE SCHOOL OVER A TWO YEAR PERIOD OF TIME. FOURTH AND 5TH GRADERS HAVE THE EXPERIENCE OF WORKING WITH MORE THAN ONE ACADEMIC CLASSROOM TEACHER WITHOUT THE FULL DEPARTMENTALIZATION OF MIDDLE SCHOOL. CONTINUED ON PAGE 7 OF SCHEDULE O.</Description>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RON MIHILLS</NamePerson>
        <Title>PAST CHAIR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>REV KENNETH RIOLAND JR</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RAWLEIGH SIMMONS</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARGARET STALNAKER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PHILIP J HAYNIE III</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KAY STOUT</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JEFF SZYPERSKI</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BROWNIE WATKINS</NamePerson>
        <Title>VICE CHAIR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARGARET NOST</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DEBORAH M COOK</NamePerson>
        <Title>HEAD OF SCHOOL</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>102936</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>102936</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>0</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>0</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <AllOtherContributions>297718</AllOtherContributions>
      <TotalContributions>297718</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION AND FEES</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>1058038</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1058038</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>1058038</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>22361</TotalRevenueColumn>
        <ExclusionAmount>22361</ExclusionAmount>
      </InvestmentIncome>
      <GrossRents>
        <Real>1200</Real>
      </GrossRents>
      <LessRentalExpenses>
        <Real>0</Real>
      </LessRentalExpenses>
      <RentalIncomeOrLoss>
        <Real>1200</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>1200</TotalRevenueColumn>
        <ExclusionAmount>1200</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <GrossIncomeFundraisingEvents>152315</GrossIncomeFundraisingEvents>
      <FundraisingDirectExpenses>62258</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>90057</TotalRevenueColumn>
        <ExclusionAmount>90057</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <OtherRevenueMisc>
        <Description>FINANCE CHARGES</Description>
        <BusinessCode>525990</BusinessCode>
        <TotalRevenueColumn>4280</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>4280</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>OTHER INCOME</Description>
        <BusinessCode>561000</BusinessCode>
        <TotalRevenueColumn>86</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>86</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>4366</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>1473740</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1062404</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>113618</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>166158</Total>
        <ProgramServices>166158</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>104728</Total>
        <ManagementAndGeneral>52364</ManagementAndGeneral>
        <Fundraising>52364</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>633031</Total>
        <ProgramServices>426695</ProgramServices>
        <ManagementAndGeneral>156795</ManagementAndGeneral>
        <Fundraising>49541</Fundraising>
      </OtherSalariesAndWages>
      <OtherEmployeeBenefits>
        <Total>113874</Total>
        <ProgramServices>65861</ProgramServices>
        <ManagementAndGeneral>32284</ManagementAndGeneral>
        <Fundraising>15729</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>59237</Total>
        <ProgramServices>34261</ProgramServices>
        <ManagementAndGeneral>16794</ManagementAndGeneral>
        <Fundraising>8182</Fundraising>
      </PayrollTaxes>
      <FeesForServicesAccounting>
        <Total>22675</Total>
        <ManagementAndGeneral>22675</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>10914</Total>
        <ProgramServices>5414</ProgramServices>
        <ManagementAndGeneral>5500</ManagementAndGeneral>
      </FeesForServicesOther>
      <OfficeExpenses>
        <Total>66705</Total>
        <ProgramServices>13487</ProgramServices>
        <ManagementAndGeneral>28550</ManagementAndGeneral>
        <Fundraising>24668</Fundraising>
      </OfficeExpenses>
      <Occupancy>
        <Total>33350</Total>
        <ProgramServices>19410</ProgramServices>
        <ManagementAndGeneral>9371</ManagementAndGeneral>
        <Fundraising>4569</Fundraising>
      </Occupancy>
      <Travel>
        <Total>374</Total>
        <ManagementAndGeneral>374</ManagementAndGeneral>
      </Travel>
      <Interest>
        <Total>28861</Total>
        <ManagementAndGeneral>28861</ManagementAndGeneral>
      </Interest>
      <DepreciationDepletion>
        <Total>86280</Total>
        <ProgramServices>50215</ProgramServices>
        <ManagementAndGeneral>24245</ManagementAndGeneral>
        <Fundraising>11820</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>22800</Total>
        <ProgramServices>13269</ProgramServices>
        <ManagementAndGeneral>6407</ManagementAndGeneral>
        <Fundraising>3124</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>MAINTENANCE</Description>
        <Total>38331</Total>
        <ProgramServices>22309</ProgramServices>
        <ManagementAndGeneral>10771</ManagementAndGeneral>
        <Fundraising>5251</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>STUDENT ACTIVITIES</Description>
        <Total>19122</Total>
        <ProgramServices>19122</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUMMER SCHOOL AND OTHER</Description>
        <Total>17235</Total>
        <ProgramServices>17235</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES AND SUBSCRIPTION</Description>
        <Total>9266</Total>
        <ProgramServices>4633</ProgramServices>
        <ManagementAndGeneral>4633</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>10780</Total>
        <ProgramServices>10226</ProgramServices>
        <ManagementAndGeneral>554</ManagementAndGeneral>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>1443721</Total>
        <ProgramServices>868295</ProgramServices>
        <ManagementAndGeneral>400178</ManagementAndGeneral>
        <Fundraising>175248</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>66294</BOY>
        <EOY>68284</EOY>
      </CashNonInterestBearing>
      <PledgesAndGrantsReceivable>
        <BOY>4231</BOY>
        <EOY>400</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>464</BOY>
        <EOY>2079</EOY>
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      <PrepaidExpensesDeferredCharges>
        <BOY>0</BOY>
        <EOY>1748</EOY>
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      <LandBuildingsEquipmentBasis>2635634</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>1119892</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1467876</BOY>
        <EOY>1515742</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>316361</BOY>
        <EOY>211504</EOY>
      </InvestmentsPubTradedSecurities>
      <TotalAssets>
        <BOY>1855226</BOY>
        <EOY>1799757</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>21659</BOY>
        <EOY>18386</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>366840</BOY>
        <EOY>263951</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>443826</BOY>
        <EOY>437603</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>63644</BOY>
        <EOY>109360</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>895969</BOY>
        <EOY>829300</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>902084</BOY>
        <EOY>925443</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>57173</BOY>
        <EOY>45014</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>959257</BOY>
        <EOY>970457</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1855226</BOY>
        <EOY>1799757</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>30019</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-18819</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <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="RetDoc1039900001">
      <HistoricLandArea>X</HistoricLandArea>
      <WrittenPolicyMonitoring>0</WrittenPolicyMonitoring>
      <Land>
        <InvestmentCostOrOtherBasis>115917</InvestmentCostOrOtherBasis>
        <BookValue>115917</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>1929526</InvestmentCostOrOtherBasis>
        <Depreciation>628744</Depreciation>
        <BookValue>1300782</BookValue>
      </Buildings>
      <Equipment>
        <InvestmentCostOrOtherBasis>141101</InvestmentCostOrOtherBasis>
        <Depreciation>98215</Depreciation>
        <BookValue>42886</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>449090</InvestmentCostOrOtherBasis>
        <Depreciation>392933</Depreciation>
        <BookValue>56157</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>1515742</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>OTHER</Description>
        <Amount>12020</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CAPITAL LEASE OBLIGATION</Description>
        <Amount>27340</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>LINE OF CREDIT</Description>
        <Amount>70000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>109360</TotalOfAmounts>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>WEBSITE STATES "CHESAPEAKE ACADEMY DOES NOT DISCRIMINATE IN ADMISSION OF FINANCIAL ASSISTANCE ON THE BASIS OF RACE, GENDER, PHYSICAL CHALLENGES, RELIGIOUS AFFILIATION, ETHNIC BACKGROUND OR COUNTRY OF ORIGIN."</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>ANNUAL AUCTION</NameOfEvent1>
        <GrossReceiptsEvent1>110814</GrossReceiptsEvent1>
        <GrossRevenueEvent1>110814</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>40385</OtherDirectExpensesEvent1>
        <NameOfEvent2>OYSTER ROAST</NameOfEvent2>
        <GrossReceiptsEvent2>26714</GrossReceiptsEvent2>
        <GrossRevenueEvent2>26714</GrossRevenueEvent2>
        <OtherDirectExpensesEvent2>3849</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>3</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>14787</GrossReceiptsOtherEvents>
        <GrossRevenueOtherEvents>14787</GrossRevenueOtherEvents>
        <OtherDirectExpensesOtherEvents>18024</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>152315</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>152315</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>62258</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>62258</DirectExpenseSummaryEvents>
        <NetIncomeSummary>90057</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>0</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>FINANCIAL AID</TypeOfGrant>
        <NumberOfRecipients>42</NumberOfRecipients>
        <AmountOfCashGrant>166158</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
    </IRS990ScheduleI>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>CHESAPEAKE BANK</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT OF BANK IS BOARD MEMBER OF ACADEMY</Relationship>
        <AmountOfTransaction>0</AmountOfTransaction>
        <DescriptionOfTransaction>ACADEMY BANKS WITH CHESAPEAKE BANK</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE FORM 990 WAS APPROVED BY BOARD MEMBERS AND MANAGEMENT PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE BOARD MEMBERS ARE REQUIRED TO SUBMIT A FORM DOCUMENTING ANY CONFLICTS OF INTEREST THAT MAY EXIST. IF THERE ARE CHANGES TO THE BOARD OUTSIDE OF REGULAR ELECTIONS, ANY NEW MEMBERS ARE REQUIRED TO SUBMIT THEIR FORM WHEN THEY BEGIN SERVING ON THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE BOARD APPROVES A BUDGET ANNUALLY, WHICH INCLUDES THE SALARIES FOR ALL EMPLOYEES, INCLUDING EXECUTIVES AND MANAGEMENT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION FORM 990 CAN BE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FORM 1023 IS AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED LOSSES ON INVESTMENTS: -18,819.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>CHESAPEAKE ACADEMY FOUNDATION INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO BOX 8</AddressLine1>
          <City>IRVINGTON</City>
          <State>VA</State>
          <ZIPCode>23480</ZIPCode>
        </AddressUS>
        <EIN>541203663</EIN>
        <PrimaryActivities>TO SUPPORT CHESAPEAKE ACADEMY, INC,</PrimaryActivities>
        <LegalDomicileState>VA</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>1</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>CHESAPEAKE ACADEMY FOUNDATION INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>38753</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>