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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
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        <OfficerInd>X</OfficerInd>
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      <Form990PartVIISectionAGrp>
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        <ReportableCompFromOrgAmt>104777</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
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          <BusinessName>
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        <TotalRevenueColumnAmt>-4669</TotalRevenueColumnAmt>
        <ExclusionAmt>-4669</ExclusionAmt>
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      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>125597</TotalRevenueColumnAmt>
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        <Desc>MISC INCOME</Desc>
        <BusinessCd>611710</BusinessCd>
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        <TotalRevenueColumnAmt>7349974</TotalRevenueColumnAmt>
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        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
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      <GrantsToDomesticIndividualsGrp>
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        <ProgramServicesAmt>1150270</ProgramServicesAmt>
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        <TotalAmt>282976</TotalAmt>
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        <ManagementAndGeneralAmt>296962</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>9640</ManagementAndGeneralAmt>
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      <FeesForServicesAccountingGrp>
        <TotalAmt>35109</TotalAmt>
        <ManagementAndGeneralAmt>35109</ManagementAndGeneralAmt>
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      <InformationTechnologyGrp>
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        <ProgramServicesAmt>53114</ProgramServicesAmt>
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        <ProgramServicesAmt>97625</ProgramServicesAmt>
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        <ProgramServicesAmt>262999</ProgramServicesAmt>
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        <ManagementAndGeneralAmt>737881</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>4978</ProgramServicesAmt>
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        <Desc>RESIDENTIAL</Desc>
        <TotalAmt>439826</TotalAmt>
        <ProgramServicesAmt>439826</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>MISC. AND O/H ALLOCATI</Desc>
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        <ManagementAndGeneralAmt>-1381162</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
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        <ProgramServicesAmt>78800</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>PROGRAMS, FIELD TRIPS,</Desc>
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        <ProgramServicesAmt>55240</ProgramServicesAmt>
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      <AllOtherExpensesGrp>
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        <ProgramServicesAmt>123354</ProgramServicesAmt>
        <ManagementAndGeneralAmt>93725</ManagementAndGeneralAmt>
        <FundraisingAmt>18765</FundraisingAmt>
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        <ProgramServicesAmt>6203994</ProgramServicesAmt>
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        <FundraisingAmt>177067</FundraisingAmt>
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      <CashNonInterestBearingGrp>
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        <EOYAmt>1845</EOYAmt>
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      <SavingsAndTempCashInvstGrp>
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        <EOYAmt>549351</EOYAmt>
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      <PledgesAndGrantsReceivableGrp>
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        <EOYAmt>6000</EOYAmt>
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        <EOYAmt>593324</EOYAmt>
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        <BOYAmt>13517303</BOYAmt>
        <EOYAmt>12751337</EOYAmt>
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        <EOYAmt>374945</EOYAmt>
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        <EOYAmt>1299383</EOYAmt>
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        <EOYAmt>4193258</EOYAmt>
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        <EOYAmt>24008</EOYAmt>
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        <EOYAmt>4921049</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
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        <EOYAmt>12751337</EOYAmt>
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      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleA documentId="RetDoc1039100001">
      <SchoolInd>X</SchoolInd>
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    <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>
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        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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      <InclEscrowCustodialAcctLiabInd>0</InclEscrowCustodialAcctLiabInd>
      <CYEndwmtFundGrp>
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        <InvestmentEarningsOrLossesAmt>23657</InvestmentEarningsOrLossesAmt>
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        <EndYearBalanceAmt>549968</EndYearBalanceAmt>
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        <EndYearBalanceAmt>692293</EndYearBalanceAmt>
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        <OtherExpendituresAmt>472954</OtherExpendituresAmt>
        <EndYearBalanceAmt>830314</EndYearBalanceAmt>
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        <DepreciationAmt>305432</DepreciationAmt>
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      <RevenueNotReportedAmt>4450</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>6120585</RevenueSubtotalAmt>
      <OtherRevenuesNotIncludedAmt>1229389</OtherRevenuesNotIncludedAmt>
      <RevenueNotReportedFinclStmtAmt>1229389</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>7349974</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>6696305</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>6696305</ExpensesSubtotalAmt>
      <OtherExpensesNotIncludedAmt>1229389</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>1229389</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>7925694</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART IV, LINE 1B:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL HOLDS FUNDS FOR VARIOUS STUDENT GROUPS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
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      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
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      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>0</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>0</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>1</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>PUBLISHED IN THE BALTIMORE SUN ANNUALLY.</ExplanationTxt>
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        <GrossRevenueEvent1Amt>124604</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>35468</OtherDirectExpensesEvent1Amt>
        <Event2Nm>GOLF TOURNAMENT</Event2Nm>
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        <GrossRevenueEvent2Amt>36461</GrossRevenueEvent2Amt>
        <OtherEventsTotalCnt>1</OtherEventsTotalCnt>
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        <GrossRevenueTotalEventsAmt>161065</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>35468</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>35468</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>125597</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
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      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>TUITION ASSISTANCE, MERIT/RESTRICTED SCHOLARSHIPS, OR FINANCIAL AID GIVEN TO STUDENDS BASED ON NEED</GrantTypeTxt>
        <RecipientCnt>156</RecipientCnt>
        <CashGrantAmt>1150270</CashGrantAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>TUITION ASSISTANCE OR FINANCIAL AID GIVEN TO STUDENTS BASED ON NEED</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
    </IRS990ScheduleI>
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      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>0</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>0</CompBsdOnRevRelatedOrgsInd>
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      <CompBsdNetEarnsRltdOrgsInd>0</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>0</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>0</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>CHRISTOPHER HAYES</PersonNm>
        <TitleTxt>EX-OFFICIO &amp; HEAD OF SCHOOL</TitleTxt>
        <BaseCompensationFilingOrgAmt>165360</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>6945</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>172305</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>A</BondReferenceCd>
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          <BusinessNameLine1Txt>COUNTY COMMISSIONERS OF CALVERT COUNTY ECONOMIC DEVELOPMENT REVENUE SERIES</BusinessNameLine1Txt>
        </IssuerName>
        <BondIssuerEIN>526002810</BondIssuerEIN>
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        <PurposeDesc>TO REFUND 1999 BOND ISSUE</PurposeDesc>
        <DefeasedInd>0</DefeasedInd>
        <OnBehalfOfIssuerInd>0</OnBehalfOfIssuerInd>
        <PoolFinancingInd>0</PoolFinancingInd>
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        <BondReferenceCd>A</BondReferenceCd>
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        <TotalProceedsAmt>4035714</TotalProceedsAmt>
        <IssuanceCostsFromProceedsAmt>80714</IssuanceCostsFromProceedsAmt>
        <OtherSpentProceedsAmt>3955000</OtherSpentProceedsAmt>
        <RefundingTaxExemptBondsInd>1</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>0</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>0</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>1</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>0</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>0</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>0</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>0</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>0</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>0</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>0</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>0</Form8038TFiledInd>
        <RebateNotDueYetInd>0</RebateNotDueYetInd>
        <ExceptionToRebateInd>0</ExceptionToRebateInd>
        <NoRebateDueInd>0</NoRebateDueInd>
        <VariableRateIssueInd>1</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>0</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>0</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>0</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>0</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>1</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS RECEIVE A DRAFT VERSION OF THE FORM 990 THAT IS REVIEWED BEFORE FINAL FORM 990 IS FILED WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION REQUIRES ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO REVIEW CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND SIGN ANNUAL DISCLOSURE STATEMENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES CONDUCTS AN EVALUATION AND REVIEWS COMPENSATION OF COMPARABLE ORGANIZATIONS TO DETERMINE COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 18</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO PUBLIC INSPECTION UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY AT BOARD MEETINGS. THE FINANCIAL STATEMENTS ARE DISTRIBUTED QUARTERLY TO BOARD MEMBERS AND TO VENDORS AS REQUIRED. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 3B:</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE HAS BEEN NO CHANGE IN EITHER THE AUDIT OVERSIGHT OR SELECTION FROM THE PRIOR YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>