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            <ZIPCd>39201</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>ARCHITECTURE</ServicesDesc>
        <CompensationAmt>213922</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>Business Interiors</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>146 Market Ridge Drive</AddressLine1Txt>
            <CityNm>RIDGELAND</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>39157</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Interior Design</ServicesDesc>
        <CompensationAmt>201541</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>8</CntrctRcvdGreaterThan100KCnt>
      <FundraisingAmt>81708</FundraisingAmt>
      <AllOtherContributionsAmt>388151</AllOtherContributionsAmt>
      <TotalContributionsAmt>469859</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>Tuition Income</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>6437873</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>6437873</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Fee Income</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>879847</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>879847</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>After School Care Income</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>337460</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>337460</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Lunch Program</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>10507</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>10507</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Athletics Income</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>177270</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>177270</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>7842957</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>8073</TotalRevenueColumnAmt>
        <ExclusionAmt>8073</ExclusionAmt>
      </InvestmentIncomeGrp>
      <IncmFromInvestBondProceedsGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </IncmFromInvestBondProceedsGrp>
      <RoyaltiesRevenueGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </RoyaltiesRevenueGrp>
      <RentalIncomeOrLossGrp>
        <RealAmt>0</RealAmt>
        <PersonalAmt>0</PersonalAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetRentalIncomeOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetGainOrLossInvestmentsGrp>
      <FundraisingGrossIncomeAmt>52051</FundraisingGrossIncomeAmt>
      <FundraisingDirectExpensesAmt>71739</FundraisingDirectExpensesAmt>
      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>-19688</TotalRevenueColumnAmt>
        <ExclusionAmt>-19688</ExclusionAmt>
      </NetIncmFromFundraisingEvtGrp>
      <GamingGrossIncomeAmt>17350</GamingGrossIncomeAmt>
      <GamingDirectExpensesAmt>4000</GamingDirectExpensesAmt>
      <NetIncomeFromGamingGrp>
        <TotalRevenueColumnAmt>13350</TotalRevenueColumnAmt>
        <ExclusionAmt>13350</ExclusionAmt>
      </NetIncomeFromGamingGrp>
      <GrossSalesOfInventoryAmt>0</GrossSalesOfInventoryAmt>
      <CostOfGoodsSoldAmt>0</CostOfGoodsSoldAmt>
      <NetIncomeOrLossGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetIncomeOrLossGrp>
      <OtherRevenueMiscGrp>
        <Desc>Other Income</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>80875</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>80875</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>80875</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>8395426</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>7923832</RelatedOrExemptFuncIncomeAmt>
        <ExclusionAmt>1735</ExclusionAmt>
      </TotalRevenueGrp>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>0</TotalAmt>
      </GrantsToDomesticOrgsGrp>
      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>0</TotalAmt>
      </GrantsToDomesticIndividualsGrp>
      <ForeignGrantsGrp>
        <TotalAmt>0</TotalAmt>
      </ForeignGrantsGrp>
      <BenefitsToMembersGrp>
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      </BenefitsToMembersGrp>
      <CompCurrentOfcrDirectorsGrp>
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      </CompCurrentOfcrDirectorsGrp>
      <CompDisqualPersonsGrp>
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      </CompDisqualPersonsGrp>
      <OtherSalariesAndWagesGrp>
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        <ProgramServicesAmt>3209204</ProgramServicesAmt>
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        <FundraisingAmt>56229</FundraisingAmt>
      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
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        <ProgramServicesAmt>35492</ProgramServicesAmt>
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        <FundraisingAmt>622</FundraisingAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>267018</TotalAmt>
        <ProgramServicesAmt>197405</ProgramServicesAmt>
        <ManagementAndGeneralAmt>66154</ManagementAndGeneralAmt>
        <FundraisingAmt>3459</FundraisingAmt>
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      <PayrollTaxesGrp>
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        <ProgramServicesAmt>223310</ProgramServicesAmt>
        <ManagementAndGeneralAmt>74835</ManagementAndGeneralAmt>
        <FundraisingAmt>3913</FundraisingAmt>
      </PayrollTaxesGrp>
      <FeesForServicesManagementGrp>
        <TotalAmt>0</TotalAmt>
      </FeesForServicesManagementGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>0</TotalAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>0</TotalAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesLobbyingGrp>
        <TotalAmt>0</TotalAmt>
      </FeesForServicesLobbyingGrp>
      <FeesForServicesProfFundraising>
        <TotalAmt>0</TotalAmt>
      </FeesForServicesProfFundraising>
      <FeesForSrvcInvstMgmntFeesGrp>
        <TotalAmt>0</TotalAmt>
      </FeesForSrvcInvstMgmntFeesGrp>
      <FeesForServicesOtherGrp>
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        <ProgramServicesAmt>128185</ProgramServicesAmt>
        <ManagementAndGeneralAmt>68959</ManagementAndGeneralAmt>
        <FundraisingAmt>7915</FundraisingAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>20462</TotalAmt>
        <ManagementAndGeneralAmt>20462</ManagementAndGeneralAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>12353</TotalAmt>
        <ProgramServicesAmt>9882</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2347</ManagementAndGeneralAmt>
        <FundraisingAmt>124</FundraisingAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>76681</TotalAmt>
        <ProgramServicesAmt>61345</ProgramServicesAmt>
        <ManagementAndGeneralAmt>14569</ManagementAndGeneralAmt>
        <FundraisingAmt>767</FundraisingAmt>
      </InformationTechnologyGrp>
      <RoyaltiesGrp>
        <TotalAmt>0</TotalAmt>
      </RoyaltiesGrp>
      <OccupancyGrp>
        <TotalAmt>302597</TotalAmt>
        <ProgramServicesAmt>206078</ProgramServicesAmt>
        <ManagementAndGeneralAmt>91693</ManagementAndGeneralAmt>
        <FundraisingAmt>4826</FundraisingAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>2337</TotalAmt>
        <ProgramServicesAmt>1870</ProgramServicesAmt>
        <ManagementAndGeneralAmt>444</ManagementAndGeneralAmt>
        <FundraisingAmt>23</FundraisingAmt>
      </TravelGrp>
      <PymtTravelEntrtnmntPubOfclGrp>
        <TotalAmt>0</TotalAmt>
      </PymtTravelEntrtnmntPubOfclGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>27504</TotalAmt>
        <ProgramServicesAmt>20334</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6814</ManagementAndGeneralAmt>
        <FundraisingAmt>356</FundraisingAmt>
      </ConferencesMeetingsGrp>
      <InterestGrp>
        <TotalAmt>403770</TotalAmt>
        <ProgramServicesAmt>326283</ProgramServicesAmt>
        <ManagementAndGeneralAmt>77487</ManagementAndGeneralAmt>
      </InterestGrp>
      <PaymentsToAffiliatesGrp>
        <TotalAmt>0</TotalAmt>
      </PaymentsToAffiliatesGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>806346</TotalAmt>
        <ProgramServicesAmt>651593</ProgramServicesAmt>
        <ManagementAndGeneralAmt>154753</ManagementAndGeneralAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>20186</TotalAmt>
        <ProgramServicesAmt>16149</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3835</ManagementAndGeneralAmt>
        <FundraisingAmt>202</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS AND MAINTENANCE</Desc>
        <TotalAmt>363852</TotalAmt>
        <ProgramServicesAmt>291081</ProgramServicesAmt>
        <ManagementAndGeneralAmt>69132</ManagementAndGeneralAmt>
        <FundraisingAmt>3639</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>CLASSROOM EXPENSES</Desc>
        <TotalAmt>299013</TotalAmt>
        <ProgramServicesAmt>299013</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>ATHLETICS EXPENSE</Desc>
        <TotalAmt>242824</TotalAmt>
        <ProgramServicesAmt>241148</ProgramServicesAmt>
        <FundraisingAmt>1676</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>YEARBOOK</Desc>
        <TotalAmt>46208</TotalAmt>
        <ProgramServicesAmt>44813</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1395</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>127770</TotalAmt>
        <ProgramServicesAmt>66565</ProgramServicesAmt>
        <ManagementAndGeneralAmt>105087</ManagementAndGeneralAmt>
        <FundraisingAmt>-43882</FundraisingAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>7914949</TotalAmt>
        <ProgramServicesAmt>6029750</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1845330</ManagementAndGeneralAmt>
        <FundraisingAmt>39869</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>2220492</BOYAmt>
        <EOYAmt>1037401</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>2490000</BOYAmt>
        <EOYAmt>1620000</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>16056</BOYAmt>
        <EOYAmt>45952</EOYAmt>
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      <ReceivablesFromOfficersEtcGrp>
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        <EOYAmt>0</EOYAmt>
      </ReceivablesFromOfficersEtcGrp>
      <RcvblFromDisqualifiedPrsnGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </RcvblFromDisqualifiedPrsnGrp>
      <OthNotesLoansReceivableNetGrp>
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        <EOYAmt>0</EOYAmt>
      </OthNotesLoansReceivableNetGrp>
      <InventoriesForSaleOrUseGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </InventoriesForSaleOrUseGrp>
      <PrepaidExpensesDefrdChargesGrp>
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        <EOYAmt>98068</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>24675204</LandBldgEquipCostOrOtherBssAmt>
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        <EOYAmt>20052960</EOYAmt>
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      <InvestmentsPubTradedSecGrp>
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        <EOYAmt>0</EOYAmt>
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      <InvestmentsOtherSecuritiesGrp>
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        <EOYAmt>0</EOYAmt>
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      <InvestmentsProgramRelatedGrp>
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        <EOYAmt>115604</EOYAmt>
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      <IntangibleAssetsGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </IntangibleAssetsGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
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      <TotalAssetsGrp>
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        <EOYAmt>22969985</EOYAmt>
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      <AccountsPayableAccrExpnssGrp>
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        <EOYAmt>222646</EOYAmt>
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      <GrantsPayableGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
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      <DeferredRevenueGrp>
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        <EOYAmt>2449323</EOYAmt>
      </DeferredRevenueGrp>
      <TaxExemptBondLiabilitiesGrp>
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        <EOYAmt>13060000</EOYAmt>
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      <EscrowAccountLiabilityGrp>
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        <EOYAmt>0</EOYAmt>
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      <LoansFromOfficersDirectorsGrp>
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        <EOYAmt>0</EOYAmt>
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      <MortgNotesPyblScrdInvstPropGrp>
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        <EOYAmt>465000</EOYAmt>
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      <UnsecuredNotesLoansPayableGrp>
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        <EOYAmt>0</EOYAmt>
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      <OtherLiabilitiesGrp>
        <BOYAmt>280244</BOYAmt>
        <EOYAmt>278563</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>15578142</BOYAmt>
        <EOYAmt>16475532</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
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        <EOYAmt>4758715</EOYAmt>
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      <TemporarilyRstrNetAssetsGrp>
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        <EOYAmt>1625738</EOYAmt>
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      <PermanentlyRstrNetAssetsGrp>
        <BOYAmt>100000</BOYAmt>
        <EOYAmt>110000</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
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        <EOYAmt>6494453</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
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        <EOYAmt>22969985</EOYAmt>
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      <ReconcilationRevenueExpnssAmt>480477</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <SchoolInd>X</SchoolInd>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <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="IRS990ScheduleD">
      <ArtPublicExhibitionAmountsGrp />
      <HeldWorksArtGrp />
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        <ContributionsAmt>10000</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>5738</InvestmentEarningsOrLossesAmt>
        <EndYearBalanceAmt>115738</EndYearBalanceAmt>
      </CYEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp />
      <CYMinus4YrEndwmtFundGrp />
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      <EndowmentsHeldUnrelatedOrgInd>false</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
      <LandGrp>
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        <BookValueAmt>1987600</BookValueAmt>
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      <BuildingsGrp>
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        <BookValueAmt>14994620</BookValueAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp>
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      <OtherLiabilitiesOrgGrp>
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      <TotalLiabilityAmt>278563</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>8651165</TotalRevEtcAuditedFinclStmtAmt>
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      <RevenueSubtotalAmt>8471165</RevenueSubtotalAmt>
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      <RevenueNotReportedFinclStmtAmt>-75739</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>8395426</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>8170688</TotExpnsEtcAuditedFinclStmtAmt>
      <DonatedServicesUseFcltsAmt>180000</DonatedServicesUseFcltsAmt>
      <OtherExpensesIncludedAmt>75739</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>255739</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>7914949</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>7914949</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>The Academys endowment consists of one donor-restricted fund established for its REACH Program. The Academy has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to the REACH Program, while seeking to maintain the purchasing power of the endowment.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>FUNDRAISING EXPENSES: ($75,739)</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>FUNDRAISING EXPENSES: $75,739</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
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      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>true</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>false</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>false</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>false</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>false</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3:</FormAndLineReferenceDesc>
        <ExplanationTxt>HARTFIELD ACADEMY, INC. IS LOCATED IN RANKIN COUNTY, MISSISSIPPI. MOST OF THE SCHOOL'S STUDENT BODY IS COMPRISED OF RESIDENTS OF THIS COUNTY. HARTFIELD PUBLISHES THEIR NON-DISCRIMINATION POLICY IN ALL THREE NEWSPAPERS SERVING RANKIN COUNTY, MISSISSIPPI DURING THE REGISTRATION PERIOD.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <LicensedStatesCd>MS</LicensedStatesCd>
      <FundraisingEventInformationGrp>
        <Event1Nm>Hart &amp; Soul</Event1Nm>
        <GrossReceiptsEvent1Amt>81708</GrossReceiptsEvent1Amt>
        <CharitableContriEvent1Amt>81708</CharitableContriEvent1Amt>
        <OtherDirectExpensesEvent1Amt>58713</OtherDirectExpensesEvent1Amt>
        <Event2Nm>Boston Butt</Event2Nm>
        <GrossReceiptsEvent2Amt>39261</GrossReceiptsEvent2Amt>
        <GrossRevenueEvent2Amt>39261</GrossRevenueEvent2Amt>
        <OtherDirectExpensesEvent2Amt>12846</OtherDirectExpensesEvent2Amt>
        <OtherEventsTotalCnt>1</OtherEventsTotalCnt>
        <GrossReceiptsOtherEventsAmt>12790</GrossReceiptsOtherEventsAmt>
        <GrossRevenueOtherEventsAmt>12790</GrossRevenueOtherEventsAmt>
        <OthDirectExpnssOtherEventsAmt>180</OthDirectExpnssOtherEventsAmt>
        <GrossReceiptsTotalAmt>133759</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>81708</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>52051</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>71739</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>71739</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>-19688</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
      <GamingInformationGrp>
        <GrossRevenueOtherGamingAmt>17350</GrossRevenueOtherGamingAmt>
        <NonCashPrizesOtherGamingAmt>4000</NonCashPrizesOtherGamingAmt>
        <VolunteerLaborOtherGamingInd>true</VolunteerLaborOtherGamingInd>
        <VolunteerLaborOtherGamingPct>1.00000</VolunteerLaborOtherGamingPct>
        <GrossRevenueTotalGamingAmt>17350</GrossRevenueTotalGamingAmt>
        <NonCashPrizesTotalGamingAmt>4000</NonCashPrizesTotalGamingAmt>
        <DirectExpenseSummaryGamingAmt>4000</DirectExpenseSummaryGamingAmt>
        <NetGamingIncomeSummaryAmt>13350</NetGamingIncomeSummaryAmt>
      </GamingInformationGrp>
      <LicensedInd>true</LicensedInd>
      <LicenseSuspendedEtcInd>false</LicenseSuspendedEtcInd>
      <GamingWithNonmembersInd>false</GamingWithNonmembersInd>
      <MemberOfOtherEntityInd>false</MemberOfOtherEntityInd>
      <GamingOtherFacilityPct>1.00000</GamingOtherFacilityPct>
      <IndividualWithBooksNm>Craig Brown</IndividualWithBooksNm>
      <PersonsWithBooksUSAddress>
        <AddressLine1Txt>1240 Luckney Road</AddressLine1Txt>
        <CityNm>Flowood</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>39232</ZIPCd>
      </PersonsWithBooksUSAddress>
      <CntrctWith3rdPrtyForGameRevInd>false</CntrctWith3rdPrtyForGameRevInd>
      <CharitableDistributionRqrInd>false</CharitableDistributionRqrInd>
    </IRS990ScheduleG>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DAVID J HORNER</PersonNm>
        <TitleTxt>HEADMASTER</TitleTxt>
        <BaseCompensationFilingOrgAmt>155624</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>1142</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>11366</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>168132</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>MISSISSIPPI BUSINESS FINANCE CORPORATION</BusinessNameLine1Txt>
        </IssuerName>
        <BondIssuerEIN>640679130</BondIssuerEIN>
        <CUSIPNum>000000000</CUSIPNum>
        <BondIssuedDt>2017-12-31</BondIssuedDt>
        <IssuePriceAmt>16000000</IssuePriceAmt>
        <PurposeDesc>CONSTRUCTION &amp; EQUIPPING OF SCHOOL</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <RetiredAmt>0</RetiredAmt>
        <BondDefeasedAmt>0</BondDefeasedAmt>
        <TotalProceedsAmt>16000000</TotalProceedsAmt>
        <InReserveFundAmt>0</InReserveFundAmt>
        <CapitalizedInterestAmt>0</CapitalizedInterestAmt>
        <RefundingEscrowAmt>7706840</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>158190</IssuanceCostsFromProceedsAmt>
        <CreditEnhancementAmt>0</CreditEnhancementAmt>
        <WorkingCapitalExpendituresAmt>0</WorkingCapitalExpendituresAmt>
        <CapitalExpendituresAmt>8134970</CapitalExpendituresAmt>
        <OtherSpentProceedsAmt>0</OtherSpentProceedsAmt>
        <UnspentAmt>0</UnspentAmt>
        <SubstantialCompletionYr>2018</SubstantialCompletionYr>
        <RefundingTaxExemptBondsInd>true</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>false</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <PrivateBusUseByOthersPct>0</PrivateBusUseByOthersPct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <RemedialActionTakenInd>false</RemedialActionTakenInd>
        <ProcsNonqualifiedBondRemdtdInd>false</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>true</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <HedgeProviderName>
          <BusinessNameLine1Txt>0</BusinessNameLine1Txt>
        </HedgeProviderName>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GICProviderName>
          <BusinessNameLine1Txt>0</BusinessNameLine1Txt>
        </GICProviderName>
        <WrittenProcToMonitorReqsInd>true</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>false</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, SECTION B, LINE 11B:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 WAS REVIEWED BY THE TREASURER PRIOR TO FILING WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, SECTION B, LINE 12C:</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL TRUSTEES, OFFICERS, AND CERTAIN IDENTIFIED AGENTS AND EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY ATTESTING TO ANY POSITIONS HELD, OR INTERESTS IN, ANY POTENTIAL CONTRACTING PARTIES, WHETHER HELD BY THE TRUSTEE, OFFICER, AGENT, OR EMPLOYEE, OR TO THE EXTENT OF THEIR KNOWLEDGE, BY MEMBERS OF HIS OR HER IMMEDIATE FAMILY. THE TRUSTEE, OFFICER, AGENT OR EMPLOYEE WITH THE CONFLICT MAY NOT BE PRESENT DURING THE DISCUSSION OR VOTE OF THE BOARD OF DIRECTORS WHICH APPROVES OR AUTHORIZES THE CONTRACT OR TRANSACTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, SECTION B, LINE 15A&amp;B:</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION AMOUNTS FOR TOP MANAGEMENT OFFICIALS, AS WELL AS OTHER EMPLOYEES, ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND ARE COMPARABLE TO SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, SECTION C, LINE 19:</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>