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      <TotalBookValueLandBuildingsAmt>0</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>INTANGIBLES FROM JACKSON NEWS MEDIA, INC NET OF AMORTIZATION</Desc>
        <BookValueAmt>120250</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>120250</TotalBookValueOtherAssetsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>686601</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueNotReportedAmt>0</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>686601</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>686601</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>353482</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>353482</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>353482</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>MEDIA RELATED ITEMS FROM JACKSON NEW MEDIA, INC.</Desc>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>130000</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>APPRAISAL</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <Form8283ReceivedCnt>1</Form8283ReceivedCnt>
      <AnyPropertyThatMustBeHeldInd>0</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>0</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>0</ThirdPartiesUsedInd>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS ARE ELECTED BY THE CURRENT COMMITTEE OF THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION IS PROVIDED A DRAFT OF FORM 990 FROM THE ACCOUNTANT. THE CEO REVIEWS THE DRAFT AND A COPY IS GIVEN TO EACH MEMBER OF THE BOARD. ANY QUESTIONS BROUGHT UP BY THE CEO OR BOARD MEMBERS ARE ANSWERED/CLEARED BY THE ACCOUNTANT PRIOR TO THE FILING OF FORM 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD, AT ITS LAST MEETING OF ANY CALENDAR YEAR, PERFORMS A REVIEW OF ANY POTENTIAL CONFLICTS OF INTEREST, BUT HAS A STANDING POLICY OF ADDRESSING ANY POTENTIAL CONFLICT OF INTEREST INDENTIFIED THROUGHOUT THE COURSE OF THE YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>DIRECTORS WILL RECEIVE NO COMPENSATION FOR THEIR SERVICE ON THE BOARD OF DIRECTORS, EXCEPT THAT: (A) THE BOARD OF DIRECTORS MAY VOTE TO REIMBURSE A DIRECTOR FOR REASONABLE EXPENSES INCURRED IN FURTHERANCE OF THE MISSION OF MAGNOLIA TRIBUNE INSTITUTE, SUCH AS TRAVEL EXPENSES TO A CONFERENCE. ANY PAYMENTS TO ANY DIRECTOR CONTEMPLATED UNDER THIS PROVISION SHALL BE APPROVED IN ADVANCE BY THE BOARD OF DIRECTORS; AND (B) THIS PROVISION SHALL NOT BE CONSTRUED TO PREVENT AN EMPLOYEE OF MAGNOLIA TRIBUNE INSTITUTE, WHO ALSO IS APPOINTED TO, OR SERVES ON, THE BOARD OF DIRECTORS, FROM BEING COMPENSATED FOR HIS OR HER WORK AS AN EMPLOYEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
