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            <AddressLine1Txt>1310 HANOVER STREET SUITE C</AddressLine1Txt>
            <CityNm>CHATTANOOGA</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37405</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONSULTING</ServicesDesc>
        <CompensationAmt>849871</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>TREVELINOKELLER</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>042 NORTHSIDE DR NW STE 960</AddressLine1Txt>
            <CityNm>ATLANTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30318</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>PUBLIC RELATIONS</ServicesDesc>
        <CompensationAmt>130304</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>21COBALT LLC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>2945 CANTON CHASE DRIVE</AddressLine1Txt>
            <CityNm>MARIETTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30062</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONSULTING</ServicesDesc>
        <CompensationAmt>118075</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>EDGILITY CONSULTING LLC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>17 ELM STREET C211</AddressLine1Txt>
            <CityNm>KEENE</CityNm>
            <StateAbbreviationCd>NH</StateAbbreviationCd>
            <ZIPCd>03431</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>RECRUITMENT</ServicesDesc>
        <CompensationAmt>108808</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>ALICIA TURLINGTON</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>384 NORTHYARDS BLVD SUITE 190</AddressLine1Txt>
            <CityNm>ATLANTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30313</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>MEETING &amp; PLANNING</ServicesDesc>
        <CompensationAmt>100196</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>5</CntrctRcvdGreaterThan100KCnt>
      <GovernmentGrantsAmt>3770102</GovernmentGrantsAmt>
      <TotalContributionsAmt>3770102</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>PROGRAM FEES</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>808122</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>808122</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>808122</TotalProgramServiceRevenueAmt>
      <OtherRevenueMiscGrp>
        <Desc>OTHER REVENUE</Desc>
        <BusinessCd>541900</BusinessCd>
        <TotalRevenueColumnAmt>544911</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>544911</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>544911</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>5123135</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>1353033</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>0</ExclusionAmt>
      </TotalRevenueGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>1285265</TotalAmt>
        <ProgramServicesAmt>873980</ProgramServicesAmt>
        <ManagementAndGeneralAmt>334169</ManagementAndGeneralAmt>
        <FundraisingAmt>77116</FundraisingAmt>
      </OtherSalariesAndWagesGrp>
      <AdvertisingGrp>
        <TotalAmt>15252</TotalAmt>
        <ProgramServicesAmt>14642</ProgramServicesAmt>
        <ManagementAndGeneralAmt>610</ManagementAndGeneralAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>24150</TotalAmt>
        <ProgramServicesAmt>16422</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6279</ManagementAndGeneralAmt>
        <FundraisingAmt>1449</FundraisingAmt>
      </OfficeExpensesGrp>
      <OccupancyGrp>
        <TotalAmt>13704</TotalAmt>
        <ProgramServicesAmt>9319</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3563</ManagementAndGeneralAmt>
        <FundraisingAmt>822</FundraisingAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>108465</TotalAmt>
        <ProgramServicesAmt>73756</ProgramServicesAmt>
        <ManagementAndGeneralAmt>28201</ManagementAndGeneralAmt>
        <FundraisingAmt>6508</FundraisingAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>8361</TotalAmt>
        <ProgramServicesAmt>8361</ProgramServicesAmt>
      </InterestGrp>
      <InsuranceGrp>
        <TotalAmt>12309</TotalAmt>
        <ProgramServicesAmt>8370</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3200</ManagementAndGeneralAmt>
        <FundraisingAmt>739</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>CONSULTING FEES</Desc>
        <TotalAmt>347416</TotalAmt>
        <ProgramServicesAmt>333519</ProgramServicesAmt>
        <ManagementAndGeneralAmt>13897</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>DEPRECIATION AND AMORTIZATIO</Desc>
        <TotalAmt>110794</TotalAmt>
        <ManagementAndGeneralAmt>110794</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>PROFESSIONAL FEES</Desc>
        <TotalAmt>74093</TotalAmt>
        <ProgramServicesAmt>50383</ProgramServicesAmt>
        <ManagementAndGeneralAmt>19264</ManagementAndGeneralAmt>
        <FundraisingAmt>4446</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>GRANTS AND INCUBATOR SCHOOLS</Desc>
        <TotalAmt>1250621</TotalAmt>
        <ProgramServicesAmt>1200596</ProgramServicesAmt>
        <ManagementAndGeneralAmt>50025</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>49385</TotalAmt>
        <ProgramServicesAmt>49385</ProgramServicesAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>3299815</TotalAmt>
        <ProgramServicesAmt>2638733</ProgramServicesAmt>
        <ManagementAndGeneralAmt>570002</ManagementAndGeneralAmt>
        <FundraisingAmt>91080</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <JointCostsInd>X</JointCostsInd>
      <CashNonInterestBearingGrp>
        <BOYAmt>1713148</BOYAmt>
        <EOYAmt>3419884</EOYAmt>
      </CashNonInterestBearingGrp>
      <AccountsReceivableGrp>
        <BOYAmt>350272</BOYAmt>
        <EOYAmt>577248</EOYAmt>
      </AccountsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>12622</BOYAmt>
        <EOYAmt>22149</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>1281753</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>643325</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>749222</BOYAmt>
        <EOYAmt>638428</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <TotalAssetsGrp>
        <BOYAmt>2825264</BOYAmt>
        <EOYAmt>4657709</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>253247</BOYAmt>
        <EOYAmt>371581</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <BOYAmt>12001</BOYAmt>
      </DeferredRevenueGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>218628</BOYAmt>
        <EOYAmt>121420</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>483876</BOYAmt>
        <EOYAmt>493001</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>2341388</BOYAmt>
        <EOYAmt>4164708</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>2341388</BOYAmt>
        <EOYAmt>4164708</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>2825264</BOYAmt>
        <EOYAmt>4657709</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>1823320</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="990A">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>2081797</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>2386577</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>3894364</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>3538757</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>4964794</CurrentTaxYearAmt>
        <TotalAmt>16866289</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>2081797</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>2386577</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>3894364</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>3538757</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>4964794</CurrentTaxYearAmt>
        <TotalAmt>16866289</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>4917256</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>11949033</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus4YearsAmt>55228</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>56950</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>69011</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>82330</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>158341</CurrentTaxYearAmt>
        <TotalAmt>421860</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <TotalSupportAmt>17288149</TotalSupportAmt>
      <PublicSupportCY170Pct>0.69120</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.75860</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="990B">
      <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>
    <IRS990ScheduleC documentId="990C">
      <TotalDirectLobbyingGrp>
        <FilingOrganizationsTotalAmt>130535</FilingOrganizationsTotalAmt>
      </TotalDirectLobbyingGrp>
      <TotalLobbyingExpendGrp>
        <FilingOrganizationsTotalAmt>130535</FilingOrganizationsTotalAmt>
      </TotalLobbyingExpendGrp>
      <OtherExemptPurposeExpendGrp>
        <FilingOrganizationsTotalAmt>3169280</FilingOrganizationsTotalAmt>
      </OtherExemptPurposeExpendGrp>
      <TotalExemptPurposeExpendGrp>
        <FilingOrganizationsTotalAmt>3299815</FilingOrganizationsTotalAmt>
      </TotalExemptPurposeExpendGrp>
      <LobbyingNontaxableAmountGrp>
        <FilingOrganizationsTotalAmt>314991</FilingOrganizationsTotalAmt>
      </LobbyingNontaxableAmountGrp>
      <GrassrootsNontaxableGrp>
        <FilingOrganizationsTotalAmt>78748</FilingOrganizationsTotalAmt>
      </GrassrootsNontaxableGrp>
      <AvgLobbyingNontaxableAmountGrp>
        <CurrentYearMinus3Amt>268955</CurrentYearMinus3Amt>
        <CurrentYearMinus2Amt>302633</CurrentYearMinus2Amt>
        <CurrentYearMinus1Amt>342491</CurrentYearMinus1Amt>
        <CurrentYearAmt>314991</CurrentYearAmt>
        <TotalAmt>1229070</TotalAmt>
      </AvgLobbyingNontaxableAmountGrp>
      <LobbyingCeilingAmt>1843605</LobbyingCeilingAmt>
      <AvgTotalLobbyingExpendGrp>
        <CurrentYearMinus3Amt>161955</CurrentYearMinus3Amt>
        <CurrentYearMinus2Amt>125137</CurrentYearMinus2Amt>
        <CurrentYearMinus1Amt>133230</CurrentYearMinus1Amt>
        <CurrentYearAmt>130535</CurrentYearAmt>
        <TotalAmt>550857</TotalAmt>
      </AvgTotalLobbyingExpendGrp>
      <AvgGrassrootsNontaxableGrp>
        <CurrentYearMinus3Amt>67239</CurrentYearMinus3Amt>
        <CurrentYearMinus2Amt>75658</CurrentYearMinus2Amt>
        <CurrentYearMinus1Amt>85623</CurrentYearMinus1Amt>
        <CurrentYearAmt>78748</CurrentYearAmt>
        <TotalAmt>307268</TotalAmt>
      </AvgGrassrootsNontaxableGrp>
      <GrassrootsCeilingAmt>460902</GrassrootsCeilingAmt>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="990D">
      <BuildingsGrp>
        <InvestmentCostOrOtherBasisAmt>706990</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>176010</DepreciationAmt>
        <BookValueAmt>530980</BookValueAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp>
        <DepreciationAmt>388386</DepreciationAmt>
        <BookValueAmt>-388386</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <InvestmentCostOrOtherBasisAmt>79760</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>78929</DepreciationAmt>
        <BookValueAmt>831</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <InvestmentCostOrOtherBasisAmt>495003</InvestmentCostOrOtherBasisAmt>
        <BookValueAmt>495003</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>638428</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>5123135</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>5123135</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>5123135</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>3299815</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>3299815</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>3299815</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="990J">
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>BONNIE HOLLIDAY</PersonNm>
        <TitleTxt>INCOMING PRESIDENT AND CEO</TitleTxt>
        <BaseCompensationFilingOrgAmt>197300</BaseCompensationFilingOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>17645</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>214945</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ANTHONY D ROBERTS</PersonNm>
        <TitleTxt>EX OFFICIO</TitleTxt>
        <BaseCompensationFilingOrgAmt>248250</BaseCompensationFilingOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>35966</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>284216</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="990O">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Members or stockholder classes and rights Part VI line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION DOES HAVE A MEMBERSHIP BASE AND MEMBERS HAVE TO APPROVE CHANGES TO BYLAWS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Member election for additional members Part VI line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD CHAIR CAN APPOINT ADDITIONAL BOARD MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Governing body decisions Part VI line 7b</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MEMBERS HAVE TO APPROVE ANY CHANGES TO BYLAWS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990 governing body review Part VI line 11</FormAndLineReferenceDesc>
        <ExplanationTxt>THE RETURN IS PROVIDED TO BOARD MEMBERS BY ELECTRONIC MAIL PRIOR TO IT BEING FILED WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Conflict of interest policy compliance Part VI line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>NEW BOARD MEMBERS MUST DISCLOSE CONFLICTS WHEN THEY JOIN THE BOARD AND THEN ALL BOARD MEMBERS AND OFFICERS ANNUALLY DISCLOSE SUCH CONFLICTS BY COMPLETING A DISCLOSURE FORM WHICH IS REVIEWED BY THE BOARD FOR CONFLICTS WHICH COULD IMPAIR OR GIVE THE APPEARANCE OF IMPAIRING THE DECISIONS OF THE INDIVIDUAL.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>CEO executive director top management comp Part VI line 15a</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION FOR ALL EMPLOYEES EXCEPT THE CEO IS SET BY THE CEO BUT OVERALL IS APPROVED BY THE BOARD WHEN THEY ADOPT A BUDGET PREPARED BY THE CEO. CEO COMPENSATION IS SET BASED ON CEO REVIEW COMMITTEES RECOMMENDATION TO THE FULL BOARD. COMPENSATION FOR ALL EMPLOYEES INCLUDING THE CEO IS DETERMINED BASED ON PERFORMANCE, ACHIEVING OBJECTIVES AND GOALS SET BY THE BOARD AND BYCOMPARISON TO SIMILAR ORGANIZATIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other officer or key employee compensation Part VI line 15b</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION FOR ALL EMPLOYEES EXCEPT THE CEO IS SET BY THE CEO BUT OVERALL IS APPROVED BY THE BOARD WHEN THEY ADOPT A BUDGET PREPARED BY THE CEO. CEO COMPENSATION IS SET BASED ON CEO REVIEW COMMITTEES RECOMMENDATION TO THE FULL BOARD. COMPENSATION FOR ALL EMPLOYEES INCLUDING THE CEO IS DETERMINED BASED ON PERFORMANCE, ACHIEVING OBJECTIVES AND GOALS SET BY THE BOARD AND BYCOMPARISON TO SIMILAR ORGANIZATIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Governing documents etc available to public Part VI line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THESE DOCUMENTS ARE AVAILABLE AT THE ORGANIZATIONS ADMINISTRATIVE OFFICES.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="990R">
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>GCSA LLC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>3355 LENOX RD SUITE 440</AddressLine1Txt>
          <CityNm>ATLANTA</CityNm>
          <StateAbbreviationCd>GA</StateAbbreviationCd>
          <ZIPCd>30326</ZIPCd>
        </USAddress>
        <EIN>472450957</EIN>
        <PrimaryActivitiesTxt>REAL ESTATE HOLDINGS</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>GA</LegalDomicileStateCd>
        <TotalIncomeAmt>52182</TotalIncomeAmt>
        <EndOfYearAssetsAmt>530980</EndOfYearAssetsAmt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
      </IdDisregardedEntitiesGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>GEORGIA CHARTER ACTION FUND INC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>3355 LENOX RD SUITE 440</AddressLine1Txt>
          <CityNm>ATLANTA</CityNm>
          <StateAbbreviationCd>GA</StateAbbreviationCd>
          <ZIPCd>30326</ZIPCd>
        </USAddress>
        <EIN>923414615</EIN>
        <PrimaryActivitiesTxt>SUPPORTSFOSTERS AND ADVOCATES FOR PUBLIC CHARTER SCHOOL</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>GA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501 C4</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>7</PublicCharityStatusTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>GCSA LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>3355 LENOX RD SUITE 440</AddressLine1Txt>
          <CityNm>ATLANTA</CityNm>
          <StateAbbreviationCd>GA</StateAbbreviationCd>
          <ZIPCd>30326</ZIPCd>
        </USAddress>
        <EIN>472450957</EIN>
        <PrimaryActivitiesTxt>REAL ESTATE HOLDING</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>GA</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ShareOfTotalIncomeAmt>52182</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>530980</ShareOfEOYAssetsAmt>
        <OwnershipPct>1.00000</OwnershipPct>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>GCSA LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>3355 LENOX RD SUITE 440</AddressLine1Txt>
          <CityNm>ATLANTA</CityNm>
          <StateAbbreviationCd>GA</StateAbbreviationCd>
          <ZIPCd>30326</ZIPCd>
        </USAddress>
        <EIN>472450957</EIN>
        <DirectControllingNACd>N/A</DirectControllingNACd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>false</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>true</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>true</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>true</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>GCSA LLC</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>K</TransactionTypeTxt>
        <InvolvedAmt>52182</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>LEASE AGREEMENT</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>GCSA LLC</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>Q</TransactionTypeTxt>
        <InvolvedAmt>3054</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>COST SHARING AGREEMENT</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>