<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-01-22T15:42:58-06:00</ReturnTs>
    <TaxPeriodEndDt>2023-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>640897081</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>MATTHEWS CUTRER &amp; LINDSAY PA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1020 HIGHLAND COLONY PKWY 500</AddressLine1Txt>
        <CityNm>RIDGELAND</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>39157</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>640435317</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>MAGNOLIA SPEECH SCHOOL</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>MAGN</BusinessNameControlTxt>
      <PhoneNum>6019149200</PhoneNum>
      <USAddress>
        <AddressLine1Txt>414 BOZEMAN ROAD</AddressLine1Txt>
        <CityNm>MADISON</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>39110</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>VALERIE LINN</PersonNm>
      <PersonTitleTxt>EXECUTIVE DIRECTOR</PersonTitleTxt>
      <PhoneNum>6019149200</PhoneNum>
      <SignatureDt>2024-01-15</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>VALERIE</PersonFirstNm>
        <PersonLastNm>LINN</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>1</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>CHRIS B SAVELL CPA</PreparerPersonNm>
      <PTIN>P00939509</PTIN>
      <PhoneNum>6018988875</PhoneNum>
      <PreparationDt>2024-01-15</PreparationDt>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>2</TrustedCustomerCd>
        <AuthenticationAssuranceLevelCd>AAL1</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <PrincipalOfficerNm>VALERIE LINN</PrincipalOfficerNm>
      <USAddress>
        <AddressLine1Txt>414 BOZEMAN ROAD</AddressLine1Txt>
        <CityNm>MADISON</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>39110</ZIPCd>
      </USAddress>
      <GrossReceiptsAmt>3985567</GrossReceiptsAmt>
      <GroupReturnForAffiliatesInd>0</GroupReturnForAffiliatesInd>
      <Organization501c3Ind>X</Organization501c3Ind>
      <WebsiteAddressTxt>WWW.MAGNOLIASPEECHSCHOOL.ORG</WebsiteAddressTxt>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <FormationYr>1956</FormationYr>
      <LegalDomicileStateCd>MS</LegalDomicileStateCd>
      <ActivityOrMissionDesc>TO ENABLE CHILDREN WITH COMMUNICATION DISORDERS TO DEVELOP THEIR FULL POTENTIAL.</ActivityOrMissionDesc>
      <VotingMembersGoverningBodyCnt>17</VotingMembersGoverningBodyCnt>
      <VotingMembersIndependentCnt>17</VotingMembersIndependentCnt>
      <TotalEmployeeCnt>40</TotalEmployeeCnt>
      <TotalVolunteersCnt>87</TotalVolunteersCnt>
      <TotalGrossUBIAmt>0</TotalGrossUBIAmt>
      <NetUnrelatedBusTxblIncmAmt>0</NetUnrelatedBusTxblIncmAmt>
      <PYContributionsGrantsAmt>5736413</PYContributionsGrantsAmt>
      <CYContributionsGrantsAmt>3045128</CYContributionsGrantsAmt>
      <PYProgramServiceRevenueAmt>731587</PYProgramServiceRevenueAmt>
      <CYProgramServiceRevenueAmt>766982</CYProgramServiceRevenueAmt>
      <PYInvestmentIncomeAmt>73352</PYInvestmentIncomeAmt>
      <CYInvestmentIncomeAmt>54626</CYInvestmentIncomeAmt>
      <PYOtherRevenueAmt>0</PYOtherRevenueAmt>
      <CYOtherRevenueAmt>0</CYOtherRevenueAmt>
      <PYTotalRevenueAmt>6541352</PYTotalRevenueAmt>
      <CYTotalRevenueAmt>3866736</CYTotalRevenueAmt>
      <PYGrantsAndSimilarPaidAmt>0</PYGrantsAndSimilarPaidAmt>
      <CYGrantsAndSimilarPaidAmt>0</CYGrantsAndSimilarPaidAmt>
      <PYBenefitsPaidToMembersAmt>0</PYBenefitsPaidToMembersAmt>
      <CYBenefitsPaidToMembersAmt>0</CYBenefitsPaidToMembersAmt>
      <PYSalariesCompEmpBnftPaidAmt>1476283</PYSalariesCompEmpBnftPaidAmt>
      <CYSalariesCompEmpBnftPaidAmt>1722466</CYSalariesCompEmpBnftPaidAmt>
      <PYTotalProfFndrsngExpnsAmt>0</PYTotalProfFndrsngExpnsAmt>
      <CYTotalProfFndrsngExpnsAmt>0</CYTotalProfFndrsngExpnsAmt>
      <CYTotalFundraisingExpenseAmt>21271</CYTotalFundraisingExpenseAmt>
      <PYOtherExpensesAmt>708101</PYOtherExpensesAmt>
      <CYOtherExpensesAmt>1216685</CYOtherExpensesAmt>
      <PYTotalExpensesAmt>2184384</PYTotalExpensesAmt>
      <CYTotalExpensesAmt>2939151</CYTotalExpensesAmt>
      <PYRevenuesLessExpensesAmt>4356968</PYRevenuesLessExpensesAmt>
      <CYRevenuesLessExpensesAmt>927585</CYRevenuesLessExpensesAmt>
      <TotalAssetsBOYAmt>20507656</TotalAssetsBOYAmt>
      <TotalAssetsEOYAmt>18706974</TotalAssetsEOYAmt>
      <TotalLiabilitiesBOYAmt>5706726</TotalLiabilitiesBOYAmt>
      <TotalLiabilitiesEOYAmt>2959023</TotalLiabilitiesEOYAmt>
      <NetAssetsOrFundBalancesBOYAmt>14800930</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>15747951</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <MissionDesc>MAGNOLIA SPEECH SCHOOL EXISTS TO ENABLE CHILDREN WITH COMMUNICATION DISORDERS TO DEVELOP THEIR FULL POTENTIAL THROUGH SPOKEN LANGUAGE AND LITERACY.</MissionDesc>
      <SignificantNewProgramSrvcInd>0</SignificantNewProgramSrvcInd>
      <SignificantChangeInd>0</SignificantChangeInd>
      <ExpenseAmt>2434114</ExpenseAmt>
      <RevenueAmt>766982</RevenueAmt>
      <Desc>MAGNOLIA SPEECH SCHOOL EXISTS TO TEACH CHILDREN WITH SIGNIFICANT COMMUNICATIVE DISORDERS, INCLUDING HEARING LOSS AND SEVERE LANGUAGE DISORDERS, TO LISTEN AND UNDERSTAND, TO SPEAK AND TO BE UNDERSTOOD AND TO READ WITH COMPREHENSION. THE GOAL OF THE SCHOOL IS TO PREPARE THESE STUDENTS TO REACH THEIR FULL POTENTIAL AND GRADUATE FROM THE PROGRAM TO MAINSTREAM SUCCESSFULLY INTO A MORE CONVENTIONAL EDUCATIONAL SETTING IN THEIR LOCAL SCHOOL DISTRICTS OR THEIR LOCAL NEIGHBORHOOD SCHOOL OF CHOICE. MAGNOLIA SPEECH SCHOOL OFFERS A LIFECHANGING CURRICULUM WITH SPECIFIC GOALS, CRITERION AND ACTIVITIES LISTED FOR OVER 2,500 SKILLS IN THE AREAS OF AUDITION, RECEPTIVE LANGUAGE, EXPRESSIVE LANGUAGE, SPEECH, READING, MATH, SOCIAL STUDIES, SCIENCE, THE ASSOCIATION METHOD, FINE MOTOR, GROSS MOTOR, SOCIAL INTERACTION AND AUDITORY PROCESSING. CLASSES CONTAIN NO MORE THAN 38 STUDENTS WITH A TEACHER AND AN ASSISTANT. SUPPORT SERVICES ARE OFFERED FOR AUDIOLOGY, SPEECH PATHOLOGY AND OCCUPATIONAL THERAPY AS NEEDED. IN ADDITION TO CLASSROOM INSTRUCTION, STUDENTS PARTICIPATE IN PHYSICAL EDUCATION AND MUSIC. EACH STUDENT HAS A SERVICE PLAN AS OUTLINED BY THE MS DEPARTMENT OF EDUCATION. OTHER SERVICES INCLUDE EVALUATION AND OUTPATIENT SERVICES IN THE HACKETT BOWER CLINIC AT MAGNOLIA SPEECH SCHOOL AND A STATEWIDE HOME BASED EARLY INTERVENTION PROGRAM FOR INFANTS AND TODDLERS WITH HEARING LOSS. THE SCHOOL SERVES CHILDREN THROUGHOUT MISSISSIPPI (MANY COMMUTE AND/OR RELOCATE FOR THESE UNIQUE, LIFECHANGING EDUCATIONAL SERVICES).MAGNOLIA SPEECH SCHOOL HAS EXTRAORDINARY SUCCESS IN TRANSITIONING CHILDREN WHO ARE DEAF, HARD OF HEARING AND LANGUAGED DISORDERED INTO REGULAR EDUCATION. RECORDS INDICATE THAT IN THE LAST 15 YEARS, THE SCHOOL HAS MAINSTREAMED 74% OF THE STUDENTS TO REGULAR CLASSES WITH 10% MORE RETURNING TO THEIR LOCAL SCHOOL DISTRICT WITH SOME RESOURCE HELP IN SPEECH AND/OR READING. AT MAGNOLIA SPEECH SCHOOL EVERY STUDENT'S PROGRESS IS TRACKED THROUGH CRITERION REFERENCED GOALS THAT ARE LISTED ON A SERVICE PLAN (SIMILAR TO AN IEP), BY ANNUAL FORMAL EVALUATIONS AND BY AN ANALYSIS OF ONGOING LANGUAGE SAMPLES. THE SCHOOL MAINTAINS AN ACCREDITED STATUS FROM THE MS DEPARTMENT OF EDUCATION AND THE ADVANCED NETWORK.</Desc>
      <TotalProgramServiceExpensesAmt>2434114</TotalProgramServiceExpensesAmt>
      <DescribedInSection501c3Ind referenceDocumentId="RetDoc1039100001">1</DescribedInSection501c3Ind>
      <ScheduleBRequiredInd referenceDocumentId="RetDoc1234500001">1</ScheduleBRequiredInd>
      <PoliticalCampaignActyInd>0</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>0</LobbyingActivitiesInd>
      <SubjectToProxyTaxInd>0</SubjectToProxyTaxInd>
      <DonorAdvisedFundInd referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFundInd>
      <ConservationEasementsInd referenceDocumentId="RetDoc1040000001">0</ConservationEasementsInd>
      <CollectionsOfArtInd referenceDocumentId="RetDoc1040000001">0</CollectionsOfArtInd>
      <CreditCounselingInd referenceDocumentId="RetDoc1040000001">0</CreditCounselingInd>
      <DonorRstrOrQuasiEndowmentsInd>0</DonorRstrOrQuasiEndowmentsInd>
      <ReportLandBuildingEquipmentInd referenceDocumentId="RetDoc1040000001">1</ReportLandBuildingEquipmentInd>
      <ReportInvestmentsOtherSecInd referenceDocumentId="RetDoc1040000001">0</ReportInvestmentsOtherSecInd>
      <ReportProgramRelatedInvstInd referenceDocumentId="RetDoc1040000001">0</ReportProgramRelatedInvstInd>
      <ReportOtherAssetsInd referenceDocumentId="RetDoc1040000001">0</ReportOtherAssetsInd>
      <ReportOtherLiabilitiesInd referenceDocumentId="RetDoc1040000001">0</ReportOtherLiabilitiesInd>
      <IncludeFIN48FootnoteInd referenceDocumentId="RetDoc1040000001">0</IncludeFIN48FootnoteInd>
      <IndependentAuditFinclStmtInd referenceDocumentId="RetDoc1040000001">1</IndependentAuditFinclStmtInd>
      <ConsolidatedAuditFinclStmtInd referenceDocumentId="RetDoc1040000001">0</ConsolidatedAuditFinclStmtInd>
      <SchoolOperatingInd>0</SchoolOperatingInd>
      <ForeignOfficeInd>0</ForeignOfficeInd>
      <ForeignActivitiesInd>0</ForeignActivitiesInd>
      <MoreThan5000KToOrgInd>0</MoreThan5000KToOrgInd>
      <MoreThan5000KToIndividualsInd>0</MoreThan5000KToIndividualsInd>
      <ProfessionalFundraisingInd referenceDocumentId="RetDoc1041300001">0</ProfessionalFundraisingInd>
      <FundraisingActivitiesInd referenceDocumentId="RetDoc1041300001">1</FundraisingActivitiesInd>
      <GamingActivitiesInd referenceDocumentId="RetDoc1041300001">0</GamingActivitiesInd>
      <OperateHospitalInd>0</OperateHospitalInd>
      <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
      <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
      <ScheduleJRequiredInd>0</ScheduleJRequiredInd>
      <TaxExemptBondsInd>0</TaxExemptBondsInd>
      <EngagedInExcessBenefitTransInd>0</EngagedInExcessBenefitTransInd>
      <PYExcessBenefitTransInd>0</PYExcessBenefitTransInd>
      <LoanOutstandingInd>0</LoanOutstandingInd>
      <GrantToRelatedPersonInd>0</GrantToRelatedPersonInd>
      <BusinessRlnWithOrgMemInd>0</BusinessRlnWithOrgMemInd>
      <BusinessRlnWithFamMemInd>0</BusinessRlnWithFamMemInd>
      <BusinessRlnWith35CtrlEntInd>0</BusinessRlnWith35CtrlEntInd>
      <DeductibleNonCashContriInd>0</DeductibleNonCashContriInd>
      <DeductibleArtContributionInd>0</DeductibleArtContributionInd>
      <TerminateOperationsInd>0</TerminateOperationsInd>
      <PartialLiquidationInd>0</PartialLiquidationInd>
      <DisregardedEntityInd>0</DisregardedEntityInd>
      <RelatedEntityInd>0</RelatedEntityInd>
      <RelatedOrganizationCtrlEntInd>0</RelatedOrganizationCtrlEntInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>0</TrnsfrExmptNonChrtblRltdOrgInd>
      <ActivitiesConductedPrtshpInd>0</ActivitiesConductedPrtshpInd>
      <ScheduleORequiredInd>1</ScheduleORequiredInd>
      <IRPDocumentCnt>0</IRPDocumentCnt>
      <IRPDocumentW2GCnt>0</IRPDocumentW2GCnt>
      <EmployeeCnt>40</EmployeeCnt>
      <EmploymentTaxReturnsFiledInd>1</EmploymentTaxReturnsFiledInd>
      <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
      <ForeignFinancialAccountInd>0</ForeignFinancialAccountInd>
      <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
      <TaxablePartyNotificationInd>0</TaxablePartyNotificationInd>
      <NondeductibleContributionsInd>0</NondeductibleContributionsInd>
      <QuidProQuoContributionsInd>1</QuidProQuoContributionsInd>
      <QuidProQuoContriDisclInd>1</QuidProQuoContriDisclInd>
      <Form8282PropertyDisposedOfInd>0</Form8282PropertyDisposedOfInd>
      <IndoorTanningServicesInd>0</IndoorTanningServicesInd>
      <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      <SubjectToExcsTaxNetInvstIncInd>0</SubjectToExcsTaxNetInvstIncInd>
      <InfoInScheduleOPartVIInd>X</InfoInScheduleOPartVIInd>
      <GoverningBodyVotingMembersCnt>17</GoverningBodyVotingMembersCnt>
      <IndependentVotingMemberCnt>17</IndependentVotingMemberCnt>
      <FamilyOrBusinessRlnInd>0</FamilyOrBusinessRlnInd>
      <DelegationOfMgmtDutiesInd>0</DelegationOfMgmtDutiesInd>
      <ChangeToOrgDocumentsInd>0</ChangeToOrgDocumentsInd>
      <MaterialDiversionOrMisuseInd>0</MaterialDiversionOrMisuseInd>
      <MembersOrStockholdersInd>0</MembersOrStockholdersInd>
      <ElectionOfBoardMembersInd>0</ElectionOfBoardMembersInd>
      <DecisionsSubjectToApprovaInd>0</DecisionsSubjectToApprovaInd>
      <MinutesOfGoverningBodyInd>1</MinutesOfGoverningBodyInd>
      <MinutesOfCommitteesInd>1</MinutesOfCommitteesInd>
      <OfficerMailingAddressInd>0</OfficerMailingAddressInd>
      <LocalChaptersInd>0</LocalChaptersInd>
      <Form990ProvidedToGvrnBodyInd>1</Form990ProvidedToGvrnBodyInd>
      <ConflictOfInterestPolicyInd>1</ConflictOfInterestPolicyInd>
      <AnnualDisclosureCoveredPrsnInd>1</AnnualDisclosureCoveredPrsnInd>
      <RegularMonitoringEnfrcInd>1</RegularMonitoringEnfrcInd>
      <WhistleblowerPolicyInd>1</WhistleblowerPolicyInd>
      <DocumentRetentionPolicyInd>1</DocumentRetentionPolicyInd>
      <CompensationProcessCEOInd>1</CompensationProcessCEOInd>
      <CompensationProcessOtherInd>1</CompensationProcessOtherInd>
      <InvestmentInJointVentureInd>0</InvestmentInJointVentureInd>
      <StatesWhereCopyOfReturnIsFldCd>MS</StatesWhereCopyOfReturnIsFldCd>
      <UponRequestInd>X</UponRequestInd>
      <BooksInCareOfDetail>
        <BusinessName>
          <BusinessNameLine1Txt>THE ORGANIZATION</BusinessNameLine1Txt>
        </BusinessName>
        <PhoneNum>6019149200</PhoneNum>
        <USAddress>
          <AddressLine1Txt>414 BOZEMAN ROAD</AddressLine1Txt>
          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>39110</ZIPCd>
        </USAddress>
      </BooksInCareOfDetail>
      <Form990PartVIISectionAGrp>
        <PersonNm>BRIAN CRONIN</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CHUCK BELL</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DONNA KAYE BYRD</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DR ANITA GOWIN</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DR BILL SELLERS</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DR GRACE STURDIVANT</PersonNm>
        <TitleTxt>VICE CHAIR/DEVELOPMENT CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DR STEPHANIE HENDERSON</PersonNm>
        <TitleTxt>BOARD CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JIMMY ROBERTSON</PersonNm>
        <TitleTxt>PERSONNEL CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>LA'VERNE EDNEY</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MAC DEAVER</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARCY SCOGGINS</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MITCH STRINGER</PersonNm>
        <TitleTxt>IMMEDIATE PAST CHAIR/LEGISLATIVE CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>REBECCA VAUGHN</PersonNm>
        <TitleTxt>TREASURER/FINANCE COMMITTEE CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SCOTT JONES</PersonNm>
        <TitleTxt>BUILDING/NOMINATING CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SHANNON MILLER</PersonNm>
        <TitleTxt>SECRETARY</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>THOMAS WOODS</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>WALTER WEEMS</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>0</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>0</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>0</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>0</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
      <FundraisingAmt>377761</FundraisingAmt>
      <RelatedOrganizationsAmt>39000</RelatedOrganizationsAmt>
      <GovernmentGrantsAmt>1102251</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>1526116</AllOtherContributionsAmt>
      <NoncashContributionsAmt>9000</NoncashContributionsAmt>
      <TotalContributionsAmt>3045128</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>TUITION AND FEES</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>766982</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>766982</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>766982</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>54626</TotalRevenueColumnAmt>
        <ExclusionAmt>54626</ExclusionAmt>
      </InvestmentIncomeGrp>
      <FundraisingGrossIncomeAmt>118831</FundraisingGrossIncomeAmt>
      <ContriRptFundraisingEventAmt>377761</ContriRptFundraisingEventAmt>
      <FundraisingDirectExpensesAmt>118831</FundraisingDirectExpensesAmt>
      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetIncmFromFundraisingEvtGrp>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>3866736</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>766982</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>54626</ExclusionAmt>
      </TotalRevenueGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>80231</TotalAmt>
        <ProgramServicesAmt>64061</ProgramServicesAmt>
        <ManagementAndGeneralAmt>12483</ManagementAndGeneralAmt>
        <FundraisingAmt>3687</FundraisingAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>1395116</TotalAmt>
        <ProgramServicesAmt>1219491</ProgramServicesAmt>
        <ManagementAndGeneralAmt>149805</ManagementAndGeneralAmt>
        <FundraisingAmt>25820</FundraisingAmt>
      </OtherSalariesAndWagesGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>142405</TotalAmt>
        <ProgramServicesAmt>123892</ProgramServicesAmt>
        <ManagementAndGeneralAmt>15665</ManagementAndGeneralAmt>
        <FundraisingAmt>2848</FundraisingAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>104714</TotalAmt>
        <ProgramServicesAmt>91101</ProgramServicesAmt>
        <ManagementAndGeneralAmt>11519</ManagementAndGeneralAmt>
        <FundraisingAmt>2094</FundraisingAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>42398</TotalAmt>
        <ManagementAndGeneralAmt>42398</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>37686</TotalAmt>
        <ManagementAndGeneralAmt>37686</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForSrvcInvstMgmntFeesGrp>
        <TotalAmt>9450</TotalAmt>
        <ManagementAndGeneralAmt>9450</ManagementAndGeneralAmt>
      </FeesForSrvcInvstMgmntFeesGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>48246</TotalAmt>
        <ProgramServicesAmt>48246</ProgramServicesAmt>
      </FeesForServicesOtherGrp>
      <OfficeExpensesGrp>
        <TotalAmt>42946</TotalAmt>
        <ProgramServicesAmt>26213</ProgramServicesAmt>
        <ManagementAndGeneralAmt>16733</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>66888</TotalAmt>
        <ProgramServicesAmt>64212</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2676</ManagementAndGeneralAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>265499</TotalAmt>
        <ProgramServicesAmt>254879</ProgramServicesAmt>
        <ManagementAndGeneralAmt>10620</ManagementAndGeneralAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>16743</TotalAmt>
        <ProgramServicesAmt>16073</ProgramServicesAmt>
        <FundraisingAmt>670</FundraisingAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>2756</TotalAmt>
        <ProgramServicesAmt>2756</ProgramServicesAmt>
      </ConferencesMeetingsGrp>
      <InterestGrp>
        <TotalAmt>139204</TotalAmt>
        <ManagementAndGeneralAmt>139204</ManagementAndGeneralAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>503775</TotalAmt>
        <ProgramServicesAmt>483624</ProgramServicesAmt>
        <ManagementAndGeneralAmt>20151</ManagementAndGeneralAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>41215</TotalAmt>
        <ProgramServicesAmt>39566</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1649</ManagementAndGeneralAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>CAPITAL CAMPAIGN</Desc>
        <TotalAmt>54402</TotalAmt>
        <FundraisingAmt>54402</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>ADMINISTRATIVE</Desc>
        <TotalAmt>13727</TotalAmt>
        <ManagementAndGeneralAmt>13727</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>FUNDRAISING</Desc>
        <TotalAmt>8343</TotalAmt>
        <FundraisingAmt>8343</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>ALLOWANCE FOR PLEDGES</Desc>
        <TotalAmt>-76593</TotalAmt>
        <FundraisingAmt>-76593</FundraisingAmt>
      </OtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>2939151</TotalAmt>
        <ProgramServicesAmt>2434114</ProgramServicesAmt>
        <ManagementAndGeneralAmt>483766</ManagementAndGeneralAmt>
        <FundraisingAmt>21271</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>2808693</BOYAmt>
        <EOYAmt>1929173</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>1334073</BOYAmt>
        <EOYAmt>546722</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>2754000</BOYAmt>
        <EOYAmt>1431564</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>26593</BOYAmt>
        <EOYAmt>36517</EOYAmt>
      </AccountsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>9603</BOYAmt>
        <EOYAmt>44662</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>15724634</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>1859561</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>12830234</BOYAmt>
        <EOYAmt>13865073</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>744460</BOYAmt>
        <EOYAmt>853263</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <TotalAssetsGrp>
        <BOYAmt>20507656</BOYAmt>
        <EOYAmt>18706974</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>809007</BOYAmt>
        <EOYAmt>76257</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <BOYAmt>37930</BOYAmt>
        <EOYAmt>40661</EOYAmt>
      </DeferredRevenueGrp>
      <UnsecuredNotesLoansPayableGrp>
        <BOYAmt>4859789</BOYAmt>
        <EOYAmt>2842105</EOYAmt>
      </UnsecuredNotesLoansPayableGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>5706726</BOYAmt>
        <EOYAmt>2959023</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>9576231</BOYAmt>
        <EOYAmt>12989357</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <BOYAmt>5224699</BOYAmt>
        <EOYAmt>2758594</EOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>14800930</BOYAmt>
        <EOYAmt>15747951</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>20507656</BOYAmt>
        <EOYAmt>18706974</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>927585</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>19436</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <InfoInScheduleOPartXIIInd>X</InfoInScheduleOPartXIIInd>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2Ind>X</PubliclySupportedOrg509a2Ind>
      <GiftsGrantsContrisRcvd509Grp>
        <CurrentTaxYearMinus4YearsAmt>1472142</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>4425635</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>5097495</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>5736413</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>3045128</CurrentTaxYearAmt>
        <TotalAmt>19776813</TotalAmt>
      </GiftsGrantsContrisRcvd509Grp>
      <GrossReceiptsAdmissionsGrp>
        <CurrentTaxYearMinus4YearsAmt>635023</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>626865</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>582037</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>731587</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>766982</CurrentTaxYearAmt>
        <TotalAmt>3342494</TotalAmt>
      </GrossReceiptsAdmissionsGrp>
      <Total509Grp>
        <CurrentTaxYearMinus4YearsAmt>2107165</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>5052500</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>5679532</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>6468000</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>3812110</CurrentTaxYearAmt>
        <TotalAmt>23119307</TotalAmt>
      </Total509Grp>
      <AmountsRcvdDsqlfyPersonGrp>
        <TotalAmt>0</TotalAmt>
      </AmountsRcvdDsqlfyPersonGrp>
      <SubstantialContributorsAmtGrp>
        <TotalAmt>0</TotalAmt>
      </SubstantialContributorsAmtGrp>
      <SubstAndDsqlfyPrsnsTotGrp>
        <TotalAmt>0</TotalAmt>
      </SubstAndDsqlfyPrsnsTotGrp>
      <PublicSupportTotal509Amt>23119307</PublicSupportTotal509Amt>
      <GrossInvestmentIncome509Grp>
        <CurrentTaxYearMinus4YearsAmt>40703</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>41729</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>50387</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>84053</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>54626</CurrentTaxYearAmt>
        <TotalAmt>271498</TotalAmt>
      </GrossInvestmentIncome509Grp>
      <InvestmentIncomeAndUBTIGrp>
        <CurrentTaxYearMinus4YearsAmt>40703</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>41729</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>50387</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>84053</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>54626</CurrentTaxYearAmt>
        <TotalAmt>271498</TotalAmt>
      </InvestmentIncomeAndUBTIGrp>
      <OtherIncome509Grp>
        <CurrentTaxYearMinus4YearsAmt>3873</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>3824</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>6766</CurrentTaxYearMinus2YearsAmt>
        <TotalAmt>14463</TotalAmt>
      </OtherIncome509Grp>
      <TotalSupportCalendarYearGrp>
        <CurrentTaxYearMinus4YearsAmt>2151741</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>5098053</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>5736685</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>6552053</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>3866736</CurrentTaxYearAmt>
        <TotalAmt>23405268</TotalAmt>
      </TotalSupportCalendarYearGrp>
      <PublicSupportCY509Pct>0.98780</PublicSupportCY509Pct>
      <PublicSupportPY509Pct>0.98710</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.01160</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.01170</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>788578</OtherCostOrOtherBasisAmt>
        <BookValueAmt>788578</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>13339849</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1393163</DepreciationAmt>
        <BookValueAmt>11946686</BookValueAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>90523</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>83329</DepreciationAmt>
        <BookValueAmt>7194</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>1434230</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>337774</DepreciationAmt>
        <BookValueAmt>1096456</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>71454</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>45295</DepreciationAmt>
        <BookValueAmt>26159</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>13865073</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>3995553</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>19436</NetUnrealizedGainsInvstAmt>
      <OtherRevenueAmt>118831</OtherRevenueAmt>
      <RevenueNotReportedAmt>138267</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>3857286</RevenueSubtotalAmt>
      <InvestmentExpensesNotIncldAmt>9450</InvestmentExpensesNotIncldAmt>
      <RevenueNotReportedFinclStmtAmt>9450</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>3866736</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>3048532</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>118831</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>118831</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>2929701</ExpensesSubtotalAmt>
      <InvestmentExpensesNotIncld2Amt>9450</InvestmentExpensesNotIncld2Amt>
      <ExpensesNotRptFinclStmtAmt>9450</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>2939151</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>SPECIAL EVENTS 118,831.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>SPECIAL EVENTS 118,831.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <FundraisingEventInformationGrp>
        <Event1Nm>CLAY SHOOT</Event1Nm>
        <GrossReceiptsEvent1Amt>260003</GrossReceiptsEvent1Amt>
        <CharitableContriEvent1Amt>181375</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>78628</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>78628</OtherDirectExpensesEvent1Amt>
        <Event2Nm>GOLF TOURNAMENT</Event2Nm>
        <GrossReceiptsEvent2Amt>72186</GrossReceiptsEvent2Amt>
        <CharitableContriEvent2Amt>40983</CharitableContriEvent2Amt>
        <GrossRevenueEvent2Amt>31203</GrossRevenueEvent2Amt>
        <OtherDirectExpensesEvent2Amt>31203</OtherDirectExpensesEvent2Amt>
        <OtherEventsTotalCnt>6</OtherEventsTotalCnt>
        <GrossReceiptsOtherEventsAmt>164403</GrossReceiptsOtherEventsAmt>
        <CharitableContriOtherEventsAmt>155403</CharitableContriOtherEventsAmt>
        <GrossRevenueOtherEventsAmt>9000</GrossRevenueOtherEventsAmt>
        <OthDirectExpnssOtherEventsAmt>9000</OthDirectExpnssOtherEventsAmt>
        <GrossReceiptsTotalAmt>496592</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>377761</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>118831</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>118831</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>118831</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>0</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A DRAFT OF THE FORM 990 IS SENT TO THE EXECUTIVE DIRECTOR AND BOARD MEMBERS. THE FORM 990 IS REVIEWED AND ANY QUESTIONS THAT ARISE FROM THE EXECUTIVE DIRECTOR OR BOARD MEMBERS ARE ANSWERED/CLEARED PRIOR TO THE FILING OF THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ANNUALLY EACH BOARD MEMBER READS THE CONFLICT OF INTEREST POLICY AND SIGNS THE DISCLOSURE. IF A CONFLICT ARISES DURING THE YEAR, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT. THE EXECUTIVE DIRECTOR CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY DURING THE YEAR TO ENSURE THAT ANY CONFLICT IS RESOLVED PROPERLY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS APPROVES THE SALARY FOR ALL OFFICERS AND DIRECTORS BASED ON A SCALE THAT THE MS STATE OF EDUCATION AND SURROUNDING SCHOOL DISTRICTS USE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII LINE 2C - PROCESS OF COMMITTEE OVERSIGHT OF THE FIN STMT AUDIT</FormAndLineReferenceDesc>
        <ExplanationTxt>THE AUDITOR MEETS WITH THE BOARD OF DIRECTORS MAKING A FULL PRESENTATION AT THE COMPLETION OF THE AUDIT FOR THE YEAR ANSWERING ANY OF THE BOARD'S QUESTIONS. THE AUDITOR WORKS CLOSELY WITH THE BOARD OF DIRECTORS DURING THE YEAR SHOULD ANY CONCERNS ARISE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
