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            <AddressLine1>443 WARREN HALL</AddressLine1>
            <City>ITHACA</City>
            <State>NY</State>
            <ZIPCode>14853</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATION</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>40000</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <ProgramServiceRevenuePartVII>
          <Description>PAYMENTS FROM STUDENT AGENCIES PROPERTIES INC</Description>
          <BusinessCode>900099</BusinessCode>
          <RelatedOrExemptFunctionIncome>684991</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <ProgramServiceRevenuePartVII>
          <Description>ELAB MEMBERSHIP FEES</Description>
          <BusinessCode>900099</BusinessCode>
          <RelatedOrExemptFunctionIncome>16000</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <ProgramServiceRevenuePartVII>
          <Description>MISCELLANEOUS SAF</Description>
          <BusinessCode>900099</BusinessCode>
          <RelatedOrExemptFunctionIncome>76</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <ProgramServiceRevenuePartVII>
          <Description>CU REIMBURSE FOR FELLOWS</Description>
          <BusinessCode>900099</BusinessCode>
          <RelatedOrExemptFunctionIncome>10800</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <IntOnSavingsAndTempCashInvst>
          <RelatedOrExemptFunctionIncome>1754</RelatedOrExemptFunctionIncome>
        </IntOnSavingsAndTempCashInvst>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>0</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>713621</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>713621</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1B</LineNumber>
          <RelationshipStatement>MEMBERSHIP FEES CHARGED TO HELP OFFSET COSTS OF PROVIDING SERVICES: PROVIDING EXPERIENTIAL BUSINESS EDUCATION VIA THE FOLLOWING: PARTICIPATING ENTREPRENEURS WILL GAIN ACCESS TO SUPPORT RESOURCES INCL RESIDENCE, DEDICATED MENTORS, OFFICE SPACE, ESSENTIAL SERVICES, INDIVIDUALS, AND INTRODUCTIONS TO POTENTIAL STRATEGIC PARTNERS INCLUDI PHYSICAL DESK/CABINET/SUPPLIES COPIER/FAX/SCANNER/PRINTER INTERNET ACCESS/PHONE LINE CONFERENCE ROOM ACCESS MENTORSHIP (THROUGH AN ENTREPRENEUR-IN-RESIDENCE AND ACTIVE ALUMNI) PARTNERSHIP NETWORK (VCS, ANGELS, PLUG AND PLAY, WEB DEVELOPMENT/HOSTI ACCOUNTING SUPPORT (BOOK KEEPING, SALES TAX, PAYROLL) LEGAL SUPPORT (DELIVERED THROUGH PARTNERSHIPS) MARKETING SUPPORT HR/RECRUITING LABOR POOL (GENERAL AND TECH RESOURCES)</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1A</LineNumber>
          <RelationshipStatement>ALL RENTS ARE DERIVED FROM AN EDUCATIONAL ACTIVITY THAT HAS BEEN DETERMINED TO BE RELATED TO THE CHARITABLE PURPOSE OF THIS ORG.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1B</LineNumber>
          <RelationshipStatement>THE MEMBER FEES FOR ELAB ARE DERIVED FROM AN EDUCATIONAL ACTIVITY THAT IS RELATED TO THE ABOVE CHARITABLE EDUCATIONAL PURPOSE.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1C</LineNumber>
          <RelationshipStatement>MISC INCOME ARE VARIOUS SMALL ITEMS DERIVED IN CONNECTION WITH EDUCATIONAL PURPOSE</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>1</RelationshipsNoncharitableEOs>
        <RelationshipSchedule>
          <NameOfOrganization>
            <BusinessNameLine1>STUDENT AGENCIES PROPERTIES INC</BusinessNameLine1>
          </NameOfOrganization>
          <TypeOfOrganization>501(C) (2)</TypeOfOrganization>
          <DescriptionOfRelationship>SUBSIDIARY</DescriptionOfRelationship>
        </RelationshipSchedule>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>CORNELL ENTREPRENEURSHIP CORNELL</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>51 WARREN HALL</AddressLine1>
          <City>ITHACA</City>
          <State>NY</State>
          <ZIPCode>14850</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>32500</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>2</ContributorNumber>
        <ContributorNameIndividual>ADRIAN MADLAND</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1431 GREENVIEW DRIVE</AddressLine1>
          <City>ANN ARBOR</City>
          <State>MI</State>
          <ZIPCode>48103</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>5000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>3</ContributorNumber>
        <ContributorNameIndividual>MIKE KARANGELEN</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>TOWERBROOK CAPITAL PARTNERS PARK AV</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10022</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>20000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>ACCOUNTING FEES</Category>
        <Amount>5450</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>5450</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <Depreciation>
        <DescriptionOfProperty>PACS SECURITY SYSTEM</DescriptionOfProperty>
        <DateAcquired>2008-03-01</DateAcquired>
        <CostOrOtherBasis>1200</CostOrOtherBasis>
        <PriorYearsDepreciation>656</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>171</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>171</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>PACS SECURITY SYSTEM</DescriptionOfProperty>
        <DateAcquired>2008-04-01</DateAcquired>
        <CostOrOtherBasis>790</CostOrOtherBasis>
        <PriorYearsDepreciation>424</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>113</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>113</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>PLEASANT VALLEY WRITING</DescriptionOfProperty>
        <DateAcquired>2008-04-01</DateAcquired>
        <CostOrOtherBasis>653</CostOrOtherBasis>
        <PriorYearsDepreciation>349</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>93</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>93</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>EVERTS OFFICE BUILD OUT</DescriptionOfProperty>
        <DateAcquired>2008-04-01</DateAcquired>
        <CostOrOtherBasis>1336</CostOrOtherBasis>
        <PriorYearsDepreciation>716</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>191</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>191</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>FILING CABINETS</DescriptionOfProperty>
        <DateAcquired>2008-04-01</DateAcquired>
        <CostOrOtherBasis>960</CostOrOtherBasis>
        <PriorYearsDepreciation>514</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>137</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>137</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>WEBSITE DEVELOPMENT</DescriptionOfProperty>
        <DateAcquired>2008-07-01</DateAcquired>
        <CostOrOtherBasis>1235</CostOrOtherBasis>
        <PriorYearsDepreciation>865</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>247</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>247</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>PACS SECURITY SYSTEM</DescriptionOfProperty>
        <DateAcquired>2012-05-01</DateAcquired>
        <CostOrOtherBasis>3000</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>286</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>286</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>PACS SECURITY SYSTEM</DescriptionOfProperty>
        <DateAcquired>2012-09-01</DateAcquired>
        <CostOrOtherBasis>3000</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>143</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>143</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>ACE SECURITY SYSTEM</DescriptionOfProperty>
        <DateAcquired>2012-12-01</DateAcquired>
        <CostOrOtherBasis>594</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>7</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>7</AdjustedNetIncome>
      </Depreciation>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>STOCKHOLDER IN STUDENT AGENCY PROPERTY INC</NameOfStock>
        <EOYBookValue>1000</EOYBookValue>
        <EOYFMV>1000</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>STOCKHOLDER IN STUDENT AGENCY INC</NameOfStock>
        <EOYBookValue>5500</EOYBookValue>
        <EOYFMV>5500</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOther>
        <CategoryOrItem>INVESTMENTS IN MEMBERS (E-LAB)</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>19400</BookValue>
        <EOYFMV>19400</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtc>
        <CategoryOrItem>PACS SECURITY SYSTEM</CategoryOrItem>
        <CostOrOtherBasis>1200</CostOrOtherBasis>
        <AccumulatedDepreciation>827</AccumulatedDepreciation>
        <BookValue>373</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>PACS SECURITY SYSTEM</CategoryOrItem>
        <CostOrOtherBasis>790</CostOrOtherBasis>
        <AccumulatedDepreciation>537</AccumulatedDepreciation>
        <BookValue>253</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>PLEASANT VALLEY WRITING</CategoryOrItem>
        <CostOrOtherBasis>653</CostOrOtherBasis>
        <AccumulatedDepreciation>442</AccumulatedDepreciation>
        <BookValue>211</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>EVERTS OFFICE BUILD OUT</CategoryOrItem>
        <CostOrOtherBasis>1336</CostOrOtherBasis>
        <AccumulatedDepreciation>907</AccumulatedDepreciation>
        <BookValue>429</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>FILING CABINETS</CategoryOrItem>
        <CostOrOtherBasis>960</CostOrOtherBasis>
        <AccumulatedDepreciation>651</AccumulatedDepreciation>
        <BookValue>309</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>WEBSITE DEVELOPMENT</CategoryOrItem>
        <CostOrOtherBasis>1235</CostOrOtherBasis>
        <AccumulatedDepreciation>1112</AccumulatedDepreciation>
        <BookValue>123</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>PACS SECURITY SYSTEM</CategoryOrItem>
        <CostOrOtherBasis>3000</CostOrOtherBasis>
        <AccumulatedDepreciation>286</AccumulatedDepreciation>
        <BookValue>2714</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>PACS SECURITY SYSTEM</CategoryOrItem>
        <CostOrOtherBasis>3000</CostOrOtherBasis>
        <AccumulatedDepreciation>143</AccumulatedDepreciation>
        <BookValue>2857</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>ACE SECURITY SYSTEM</CategoryOrItem>
        <CostOrOtherBasis>594</CostOrOtherBasis>
        <AccumulatedDepreciation>7</AccumulatedDepreciation>
        <BookValue>587</BookValue>
      </LandEtc>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFees>
        <Category>LEGAL FEES SAF</Category>
        <Amount>1452</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1452</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssets>
        <Description>ACCRUED REVENUE- STUDENT AGENCIES PROPERTIES, INC</Description>
        <BOYBookValue>680438</BOYBookValue>
        <EOYBookValue>846343</EOYBookValue>
        <EOYFMV>846343</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>ACCRUED REVENUE- ELAB</Description>
        <BOYBookValue>744</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>TECHNOLOGY EXPENSE- E-LAB</Description>
        <RevenueAndExpensesPerBooks>50</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>50</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FOOD AND ENTERTAINMENT E-LAB</Description>
        <RevenueAndExpensesPerBooks>3579</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>3579</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EMPLOYEE RELATIONS E-LAB</Description>
        <RevenueAndExpensesPerBooks>110</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES EXPENSE E-LAB</Description>
        <RevenueAndExpensesPerBooks>365</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>415</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES EXPENSE SAF</Description>
        <RevenueAndExpensesPerBooks>50</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CELLULAR PHONE E-LAB</Description>
        <RevenueAndExpensesPerBooks>1578</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1578</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PARKING EXPENSE E-LAB</Description>
        <RevenueAndExpensesPerBooks>75</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>75</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>NYS TAX - SAF</Description>
        <RevenueAndExpensesPerBooks>250</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>250</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FEDERAL TAX - SAF</Description>
        <RevenueAndExpensesPerBooks>38</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>38</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SPONSORSHIP E-LAB</Description>
        <RevenueAndExpensesPerBooks>875</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>875</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CREDIT CARD FEES E-LAB</Description>
        <RevenueAndExpensesPerBooks>180</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>180</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RETURNS AND ALLOWANCES ELAB</Description>
        <RevenueAndExpensesPerBooks>500</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>500</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INVESTMENT IN MEMBERS WRITE OFF - ELAB</Description>
        <RevenueAndExpensesPerBooks>4000</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>4000</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MARKETING - ELAB</Description>
        <RevenueAndExpensesPerBooks>859</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>859</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>POPSHOP EXPENSE E-LAB</Description>
        <RevenueAndExpensesPerBooks>13666</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>13666</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MEMBER ORIENTATION E-LAB</Description>
        <RevenueAndExpensesPerBooks>1670</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1670</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BOARD OF DIRECTORS - SAF</Description>
        <RevenueAndExpensesPerBooks>4246</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>4246</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PROGRAM SERVICE FUNDING SAI</Description>
        <RevenueAndExpensesPerBooks>150000</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>150000</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>PAYMENTS FROM STUDENT AGENCIES PROPERTIES INC</Description>
        <RevenueAndExpensesPerBooks>684991</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>684991</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>ELAB MEMBERSHIP FEES</Description>
        <RevenueAndExpensesPerBooks>16000</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>16000</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>MISCELLANEOUS SAF</Description>
        <RevenueAndExpensesPerBooks>76</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>76</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>CU REIMBURSE FOR FELLOWS</Description>
        <RevenueAndExpensesPerBooks>10800</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>10800</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilities>
        <Description>KEY DEPOSIT PAYABLE</Description>
        <BOYBookValue>75</BOYBookValue>
        <EOYBookValue>0</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFees>
        <Category>CONSULTING EXPENSE</Category>
        <Amount>81014</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>80969</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="RetDoc2089200001">
      <SubstantialContributor>
        <PersonName>ADRIAN MADLAND</PersonName>
        <USAddress>
          <AddressLine1>1431 GREENVIEW DRIVE</AddressLine1>
          <City>ANN ARBOR</City>
          <State>MI</State>
          <ZIPCode>48103</ZIPCode>
        </USAddress>
      </SubstantialContributor>
      <SubstantialContributor>
        <PersonName>MIKE KARANGELEN</PersonName>
        <USAddress>
          <AddressLine1>TOWERBROOK CAPITAL PARTNERS PARK</AddressLine1>
          <AddressLine2>AVE TOWER 65 E 55TH ST</AddressLine2>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10022</ZIPCode>
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      <FromControlledEntity>
        <Name>
          <BusinessNameLine1>STUDENT AGENCIES PROPERTIES</BusinessNameLine1>
        </Name>
        <AddressUS>
          <AddressLine1>409 COLLEGE AVENUE</AddressLine1>
          <City>ITHACA</City>
          <State>NY</State>
          <ZIPCode>14850</ZIPCode>
        </AddressUS>
        <EIN>150461430</EIN>
        <Description>PROGRAM SERVICE EXPENSE</Description>
        <Amount>685489</Amount>
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      <Total>685489</Total>
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      <ToControlledEntity>
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          <State>NY</State>
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        <EIN>150461435</EIN>
        <Description>PROGRAM SERVICE EXPENSE</Description>
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