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      <TotalCompGreaterThan150KInd>1</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
      <AllOtherContributionsAmt>1478124</AllOtherContributionsAmt>
      <TotalContributionsAmt>1478124</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>SUBSCRIPTIONS</Desc>
        <BusinessCd>519130</BusinessCd>
        <TotalRevenueColumnAmt>804014</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>804014</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>ADVERTISING</Desc>
        <BusinessCd>519130</BusinessCd>
        <TotalRevenueColumnAmt>748242</TotalRevenueColumnAmt>
        <UnrelatedBusinessRevenueAmt>748242</UnrelatedBusinessRevenueAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>CONTENT LICENSING</Desc>
        <BusinessCd>519130</BusinessCd>
        <TotalRevenueColumnAmt>300000</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>300000</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>SPONSORSHIPS</Desc>
        <BusinessCd>519130</BusinessCd>
        <TotalRevenueColumnAmt>95237</TotalRevenueColumnAmt>
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        <Desc>SEMINARS</Desc>
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        <ExclusionAmt>7320</ExclusionAmt>
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      <GrossSalesOfInventoryAmt>128</GrossSalesOfInventoryAmt>
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      <NetIncomeOrLossGrp>
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      <TotalRevenueGrp>
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        <ExclusionAmt>7320</ExclusionAmt>
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      <OtherSalariesAndWagesGrp>
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        <ProgramServicesAmt>2389325</ProgramServicesAmt>
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      <OtherEmployeeBenefitsGrp>
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      <PayrollTaxesGrp>
        <TotalAmt>233519</TotalAmt>
        <ProgramServicesAmt>200416</ProgramServicesAmt>
        <ManagementAndGeneralAmt>33103</ManagementAndGeneralAmt>
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      <FeesForServicesLegalGrp>
        <TotalAmt>7205</TotalAmt>
        <ManagementAndGeneralAmt>7205</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>112598</TotalAmt>
        <ProgramServicesAmt>1193</ProgramServicesAmt>
        <ManagementAndGeneralAmt>111405</ManagementAndGeneralAmt>
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      <AdvertisingGrp>
        <TotalAmt>238657</TotalAmt>
        <ProgramServicesAmt>233007</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4045</ManagementAndGeneralAmt>
        <FundraisingAmt>1605</FundraisingAmt>
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      <OfficeExpensesGrp>
        <TotalAmt>22167</TotalAmt>
        <ProgramServicesAmt>19024</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3143</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>309639</TotalAmt>
        <ProgramServicesAmt>265745</ProgramServicesAmt>
        <ManagementAndGeneralAmt>43894</ManagementAndGeneralAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>102681</TotalAmt>
        <ProgramServicesAmt>88125</ProgramServicesAmt>
        <ManagementAndGeneralAmt>14556</ManagementAndGeneralAmt>
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      <TravelGrp>
        <TotalAmt>100600</TotalAmt>
        <ProgramServicesAmt>86339</ProgramServicesAmt>
        <ManagementAndGeneralAmt>14261</ManagementAndGeneralAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>69175</TotalAmt>
        <ProgramServicesAmt>69175</ProgramServicesAmt>
      </ConferencesMeetingsGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>169755</TotalAmt>
        <ProgramServicesAmt>169755</ProgramServicesAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>16390</TotalAmt>
        <ProgramServicesAmt>14067</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2323</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>CONTRACT LABOR</Desc>
        <TotalAmt>213491</TotalAmt>
        <ProgramServicesAmt>186432</ProgramServicesAmt>
        <ManagementAndGeneralAmt>359</ManagementAndGeneralAmt>
        <FundraisingAmt>26700</FundraisingAmt>
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      <OtherExpensesGrp>
        <Desc>COMMISSIONS</Desc>
        <TotalAmt>93951</TotalAmt>
        <ProgramServicesAmt>93951</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <TotalAmt>64768</TotalAmt>
        <ProgramServicesAmt>56358</ProgramServicesAmt>
        <ManagementAndGeneralAmt>8410</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>BANK FEES</Desc>
        <TotalAmt>50584</TotalAmt>
        <ManagementAndGeneralAmt>50584</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>32910</TotalAmt>
        <ProgramServicesAmt>9211</ProgramServicesAmt>
        <ManagementAndGeneralAmt>23699</ManagementAndGeneralAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>4849691</TotalAmt>
        <ProgramServicesAmt>4077484</ProgramServicesAmt>
        <ManagementAndGeneralAmt>743902</ManagementAndGeneralAmt>
        <FundraisingAmt>28305</FundraisingAmt>
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      <CashNonInterestBearingGrp>
        <BOYAmt>3617664</BOYAmt>
        <EOYAmt>1648026</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>600727</BOYAmt>
        <EOYAmt>451422</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <EOYAmt>920000</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>67799</BOYAmt>
        <EOYAmt>99191</EOYAmt>
      </AccountsReceivableGrp>
      <InventoriesForSaleOrUseGrp>
        <EOYAmt>3022</EOYAmt>
      </InventoriesForSaleOrUseGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>7500</BOYAmt>
        <EOYAmt>7500</EOYAmt>
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      <LandBldgEquipCostOrOtherBssAmt>1074106</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>203978</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>742788</BOYAmt>
        <EOYAmt>870128</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <TotalAssetsGrp>
        <BOYAmt>5036478</BOYAmt>
        <EOYAmt>3999289</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>135132</BOYAmt>
        <EOYAmt>228323</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <BOYAmt>55167</BOYAmt>
        <EOYAmt>287705</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>190299</BOYAmt>
        <EOYAmt>516028</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>4846179</BOYAmt>
        <EOYAmt>2563261</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <EOYAmt>920000</EOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>4846179</BOYAmt>
        <EOYAmt>3483261</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>5036478</BOYAmt>
        <EOYAmt>3999289</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>-1362918</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>0</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus1YearAmt>6846333</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>2598575</CurrentTaxYearAmt>
        <TotalAmt>9444908</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus1YearAmt>6846333</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>2598575</CurrentTaxYearAmt>
        <TotalAmt>9444908</TotalAmt>
      </TotalCalendarYear170Grp>
      <PublicSupportTotal170Amt>9444908</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus1YearAmt>704</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>7320</CurrentTaxYearAmt>
        <TotalAmt>8024</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <UnrelatedBusinessNetIncm170Grp>
        <CurrentTaxYearAmt>0</CurrentTaxYearAmt>
      </UnrelatedBusinessNetIncm170Grp>
      <OtherIncome170Grp>
        <CurrentTaxYearMinus1YearAmt>29924</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>132508</CurrentTaxYearAmt>
        <TotalAmt>162432</TotalAmt>
      </OtherIncome170Grp>
      <TotalSupportAmt>9615364</TotalSupportAmt>
      <GrossReceiptsRltdActivitiesAmt>1137</GrossReceiptsRltdActivitiesAmt>
      <First5Years170Ind>X</First5Years170Ind>
    </IRS990ScheduleA>
    <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>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>21949</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>6219</DepreciationAmt>
        <BookValueAmt>15730</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>88530</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>24412</DepreciationAmt>
        <BookValueAmt>64118</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>963627</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>173347</DepreciationAmt>
        <BookValueAmt>790280</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>870128</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>3486773</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueNotReportedAmt>0</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>3486773</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>3486773</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>4849691</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>4849691</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>4849691</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <SeverancePaymentInd>0</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>0</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>0</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>0</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>0</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>0</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>0</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JASON ISRAEL</PersonNm>
        <TitleTxt>CHIEF TECHNOLOGY OFFICER</TitleTxt>
        <BaseCompensationFilingOrgAmt>152000</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>152000</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>GEOFFREY CALKINS</PersonNm>
        <TitleTxt>COLUMNIST</TitleTxt>
        <BaseCompensationFilingOrgAmt>149062</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>7232</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>156294</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE APPROVES THE 990 BEFORE IT IS FILED. A COPY IS THEN PROVIDED TO THE BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMPHIS FOURTH ESTATE, INC. REQUESTS KEY EMPLOYEES AND BOARD MEMBERS TO REWIEW AND SIGN A CONFLICT OF INTEREST POLICY THAT REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST. THEY ARE TO DESCRIBE ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>NO DOCUMENTS MADE AVAILABLE TO THE PUBLIC.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>