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            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68801</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVE VITERA</PersonNm>
          <USAddress>
            <AddressLine1Txt>111 PUBLIC SAFETY</AddressLine1Txt>
            <CityNm>GRAND ISLAND</CityNm>
            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68803</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DR JEFF EDWARDS</PersonNm>
          <USAddress>
            <AddressLine1Txt>2710 NORTH ROAD</AddressLine1Txt>
            <CityNm>GRAND ISLAND</CityNm>
            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68803</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>MAINTENANCE AND OPERATION OF CENTER FOR HIGHER EDUCATION IN HALL COUNTY, NEBRASKA.</Description1Txt>
        <Expenses1Amt>211763</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>594329</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>23005</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>617334</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>617334</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>9260</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>608074</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>30404</MinimumInvestmentReturnAmt>
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      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>211761</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>211761</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <QualifyingDistributionsAmt>211761</QualifyingDistributionsAmt>
        <RemainingDistriFromCorpusAmt>211761</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>211761</TotalCorpusAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>33985</Year1Amt>
          <Year2Amt>45713</Year2Amt>
          <Year3Amt>44362</Year3Amt>
          <TotalAmt>124060</TotalAmt>
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        <Pct85LessorAdjIncmOrMinRetGrp>
          <Year1Amt>28887</Year1Amt>
          <Year2Amt>38856</Year2Amt>
          <Year3Amt>37708</Year3Amt>
          <TotalAmt>105451</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>211761</CurrentYearAmt>
          <Year1Amt>221495</Year1Amt>
          <Year2Amt>156348</Year2Amt>
          <Year3Amt>141951</Year3Amt>
          <TotalAmt>731555</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>211761</CurrentYearAmt>
          <Year1Amt>221495</Year1Amt>
          <Year2Amt>156348</Year2Amt>
          <Year3Amt>141951</Year3Amt>
          <TotalAmt>731555</TotalAmt>
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        <TotalAssetsGrp>
          <Year3Amt>7147057</Year3Amt>
          <TotalAmt>7147057</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <Year3Amt>6237947</Year3Amt>
          <TotalAmt>6237947</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>20269</CurrentYearAmt>
          <Year1Amt>22657</Year1Amt>
          <Year2Amt>30475</Year2Amt>
          <Year3Amt>29575</Year3Amt>
          <TotalAmt>102976</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>106</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>9950</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <OtherRevenueDescribedGrp>
          <Desc>CLASSROOM INCOME</Desc>
          <RelatedOrExemptFunctionIncmAmt>255774</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>MISCELLANEOUS INCOME</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>274</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>VENDING MACHINE INCOME</Desc>
          <ExclusionCd>3</ExclusionCd>
          <ExclusionAmt>376</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>10706</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>255774</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>266480</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>11B</LineNumberTxt>
          <RelationshipStatementTxt>RENTAL INCOME FROM CLASSROOMS USED FOR EXEMPT PURPOSE</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>7069</Amt>
        <NetInvestmentIncomeAmt>353</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>353</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6362</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>BUILDING AND EQUIPMENT</PropertyDesc>
        <AcquiredDt>1994-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>6104447</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4307478</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>156524</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>156524</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>1994-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>133500</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>DEPRECIATION FUND - MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>303518</EOYBookValueAmt>
        <EOYFMVAmt>303518</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GRIMMINGER ENDOWMENT FUND - MUTUAL F</StockNm>
        <EOYBookValueAmt>249270</EOYBookValueAmt>
        <EOYFMVAmt>249270</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc5">
      <LandEtcGrp>
        <CostOrOtherBasisAmt>5659175</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4265461</AccumulatedDepreciationAmt>
        <BookValueAmt>1393714</BookValueAmt>
        <EOYFMVAmt>5659175</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CostOrOtherBasisAmt>578055</CostOrOtherBasisAmt>
        <BookValueAmt>578055</BookValueAmt>
        <EOYFMVAmt>578055</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>950</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc7">
      <OtherAssetsScheduleGrp>
        <Desc>ARTWORK</Desc>
        <BOYBookValueAmt>6190</BOYBookValueAmt>
        <EOYBookValueAmt>6190</EOYBookValueAmt>
        <EOYFMVAmt>6190</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADVERTISING AND MARKETING</Desc>
        <RevenueAndExpensesPerBooksAmt>1005</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1005</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1453</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1453</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>4982</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4982</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK SERVICE CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>78</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>78</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>10829</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>10829</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONTRIBUTION</Desc>
        <RevenueAndExpensesPerBooksAmt>258</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>258</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncomeDetail>
        <Desc>CLASSROOM INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>255774</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>255774</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MISCELLANEOUS INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>274</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>274</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>VENDING MACHINE INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>376</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>376</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc10">
      <OtherLiabilitiesDetail>
        <Desc>PAYROLL TAXES PAYABLE</Desc>
        <BOYBookValueAmt>726</BOYBookValueAmt>
        <EOYBookValueAmt>617</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc11">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL PUBLICATION</CategoryTxt>
        <Amt>871</Amt>
        <DisbursementsCharitablePrpsAmt>871</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL DUES</CategoryTxt>
        <Amt>855</Amt>
        <DisbursementsCharitablePrpsAmt>855</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>