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      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
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      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GovtFurnSrvcFcltsVl170Grp>
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        <CurrentTaxYearMinus3YearsAmt>100000</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>100000</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>100000</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>100000</CurrentTaxYearAmt>
        <TotalAmt>500000</TotalAmt>
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        <CurrentTaxYearMinus3YearsAmt>100000</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>100000</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>100000</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>100000</CurrentTaxYearAmt>
        <TotalAmt>500000</TotalAmt>
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      <PublicSupportTotal170Amt>500000</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
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        <CurrentTaxYearMinus2YearsAmt>78903</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>51879</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>64596</CurrentTaxYearAmt>
        <TotalAmt>358415</TotalAmt>
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        <TotalAmt>68899</TotalAmt>
      </OtherIncome170Grp>
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      <PublicSupportPY170Pct>0.55900</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PART II, LINE 10</FormAndLineReferenceDesc>
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        <InvestmentEarningsOrLossesAmt>24262</InvestmentEarningsOrLossesAmt>
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        <InvestmentEarningsOrLossesAmt>31817</InvestmentEarningsOrLossesAmt>
        <AdministrativeExpensesAmt>-2276</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>214044</EndYearBalanceAmt>
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        <InvestmentEarningsOrLossesAmt>-33479</InvestmentEarningsOrLossesAmt>
        <AdministrativeExpensesAmt>-2120</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>184503</EndYearBalanceAmt>
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        <InvestmentEarningsOrLossesAmt>28247</InvestmentEarningsOrLossesAmt>
        <AdministrativeExpensesAmt>2368</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>220102</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
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        <ContributionsAmt>50000</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>20197</InvestmentEarningsOrLossesAmt>
        <AdministrativeExpensesAmt>1558</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>194223</EndYearBalanceAmt>
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      <BoardDesignatedBalanceEOYPct>1.00000</BoardDesignatedBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>true</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
      <TotalRevEtcAuditedFinclStmtAmt>336029</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>123603</NetUnrealizedGainsInvstAmt>
      <DonatedServicesAndUseFcltsAmt>100000</DonatedServicesAndUseFcltsAmt>
      <RevenueNotReportedAmt>223603</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>112426</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>112426</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>378783</TotExpnsEtcAuditedFinclStmtAmt>
      <DonatedServicesUseFcltsAmt>100000</DonatedServicesUseFcltsAmt>
      <ExpensesNotReportedAmt>100000</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>278783</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>278783</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 2, PART V, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ADMINISTRATOR OF THE ENDOWMENT FUND ALLOWS WITHDRAWALS EQUAL TO A SPECIFIED PERCENTAGE OF THE BEGINNING OF YEAR VALUE OF THE FUND. THESE DISTRIBUTIONS, IF TAKEN, ARE INTENDED TO DEFRAY THE ADMINISTRATIVE COSTS OF THE ORGANIZATION IN FUTURE PERIODS.</ExplanationTxt>
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      <GrantRecordsMaintainedInd>false</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIP AWARDED</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
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    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>MEGAPOP WAS FOUNDED IN 2002 TO INCREASE BROADBAND AVAILABILITY IN THE NORTHEAST MISSISSIPPI REGION THROUGH BETTER INFRASTRUCTURE, ECONOMIES OF SCALE AND EDUCTION IN ORDER TO FOSTER THE CREATION OF HIGH-SPEED INTERNET "POINTS OF PRESENCE" IN NORTH MISSISSIPPI THROUGH ENCOURAGING PUBLIC- PRIVATE AND COOPERATIVE PARTNERSHIPS. MEGAPOP'S GOALS INCLUDE IMPROVING ECONOMIC VIABILITY IN THE AREA, CREATING DEMAND FOR HIGH-SPEED INTERNET AND INCREASED BUILD-OUT OF "LAST MILE ACCESS".</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION UTILIZED LEASE INCOME FROM THE CAPITAL LEASE OF THE EXISTING FIBER OPTIC BACKBONE TO CONTINUE TO ADVOCATE FOR PROVIDING INCREASED ACCESS TO HIGH SPEED INTERNET SERVICES FOR THE REGION. CURRENTLY 15 ELECTRICAL COOPERATIVES ARE IN THE PROCESS OF BUILDING OUT FIBER NETWORKS, LEVERAGING LOANS THROUGH THE FCC'S RURAL DIGITAL OPPORTUNITY FUND TO PUSH INTO UNDERSERVED AREAS IN NORTH MISSISSIPPI. THE ORGANIZATION HOSTED THE DIGITAL INNOVATIONS CONVENTION/TRADE SHOW WHICH IS MISSISSIPI'S LEADING DIGITAL SECURITY, BUSINESS, TECHNOLOGY, AND EDUCATION EVENT PROVIDING AN OPPORTUNITY TO NETOWRK WITH LEADING EXPERTS, STATE LEADERS AND REGIONAL PARTNERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>MORGAN BALDWIN, PRESIDENT OF THE ORGANIZATION, IS THE OWNER OF MORGAN BALDWIN AND ASSOCIATES. THE ORGANIZATION HAS CONTRACTED WITH MORGAN BALDWIN AND ASSOCIATES FOR MR. BALDWIN'S SERVICES TO ACT AS PRESIDENT OF THE ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>NO REVIEW WAS OR WILL BE CONDUCTED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>INTERESTED PARTY ABSTAINS FROM VOTING ON TRANSACTIONS AFFECTING RELATED INTERESTS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS ANNUALLY DETERMINES THE COMPENSATION OF THE PRESIDENT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>MADE AVAILABLE UPON REQUEST</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>