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      <OccupancyGrp>
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        <Desc>CIGAR ASSOC. OF AMERICA</Desc>
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        <Desc>TRAVEL</Desc>
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      <OtherLiabilitiesGrp>
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        <EOYAmt>1698534</EOYAmt>
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      <TotalLiabilitiesGrp>
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        <EOYAmt>3518397</EOYAmt>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
        <BOYAmt>6961540</BOYAmt>
        <EOYAmt>6526745</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
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      <TotLiabNetAssetsFundBalanceGrp>
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        <EOYAmt>10045142</EOYAmt>
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      <ReconcilationRevenueExpnssAmt>-1217306</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>782511</NetUnrlzdGainsLossesInvstAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <ConsolidatedBasisFinclStmtInd>X</ConsolidatedBasisFinclStmtInd>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleC documentId="RetDoc4">
      <Form1120POLFiledInd>false</Form1120POLFiledInd>
      <SubstantiallyAllDuesNondedInd>false</SubstantiallyAllDuesNondedInd>
      <OnlyInHouseLobbyingInd>false</OnlyInHouseLobbyingInd>
      <AgreeCarryoverPriorYearInd>true</AgreeCarryoverPriorYearInd>
      <DuesAssessmentsAmt>748490</DuesAssessmentsAmt>
      <NonDeductibleLbbyngPltclCYAmt>839877</NonDeductibleLbbyngPltclCYAmt>
      <NonDedLbbyngPltclCyovAmt>1728</NonDedLbbyngPltclCyovAmt>
      <NonDeductibleLbbyngPltclTotAmt>841605</NonDeductibleLbbyngPltclTotAmt>
      <AggregateReportedDuesNtcAmt>748490</AggregateReportedDuesNtcAmt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE C, PART IV</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS RETAINED LOBBYISTS TO EDUCATE LEGISLATORS AS TO THE EFFECT OF NEW TOBACCO LAWS AND TAX INCREASES AS IT HAS A SUBSTANTIAL EFFECT TO THE APPROXIMATE 1,200 "MOM AND POP" RETAIL MEMBERS FROM AROUND THE COUNTRY.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="RetDoc5">
      <LandGrp>
        <InvestmentCostOrOtherBasisAmt>257282</InvestmentCostOrOtherBasisAmt>
        <BookValueAmt>257282</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <InvestmentCostOrOtherBasisAmt>2367766</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>169609</DepreciationAmt>
        <BookValueAmt>2198157</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <InvestmentCostOrOtherBasisAmt>58728</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>38952</DepreciationAmt>
        <BookValueAmt>19776</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>2475215</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>UBS LINE OF CREDIT</Desc>
        <Amt>1698534</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>1698534</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>5390250</TotalRevEtcAuditedFinclStmtAmt>
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      <RevenueSubtotalAmt>4551691</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>4551691</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>5825045</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>56048</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>56048</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>5768997</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>5768997</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XI, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>RENTAL REAL ESTATE NET INCOME 54,212 UNREALIZED GAINS ON INVESTMENTS 782,511 RENTAL REAL ESTATE LOSS 1,517 LOSS ON DISPOSAL OF FIXED ASSETS 319</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>RENTAL REAL ESTATE EXPENSES 55,729 LOSS OF DISPOSAL ON FIXED ASSETS 319</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc6">
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <Form990OfOtherOrganizationsInd>X</Form990OfOtherOrganizationsInd>
      <WrittenEmploymentContractInd>X</WrittenEmploymentContractInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MARK PURSELL</PersonNm>
        <TitleTxt>CEO</TitleTxt>
        <BaseCompensationFilingOrgAmt>292737</BaseCompensationFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>292737</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc7">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>FOR OVER 75 YEARS THE ORGANIZATION HAS BEEN THE LEADING ASSOCIATION FOR THE RETAIL TOBACCONISTS, DEDICATED TO PROTECTING THE INTEREST OF ITS MEMBERS AND KEEPING THEM INFORMED AND EDUCATED ABOUT THE INDUSTRY AND PROVIDING THEM THE NECESSARY TOOLS TO SUCCEED IN BUSINESS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS DUES PAYING MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD OF DIRECTORS ARE ELECTED ANNUALLY AND SERVE A THREE YEAR TERM.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE INDEPENDENT CPA REVIEWS FORM 990 WITH THE EXECUTIVE DIRECTOR AND PRESIDENT AND THEN A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD FOR REVIEW, DISCUSSION AND APPROVAL.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRESIDENT &amp; EXECUTIVE DIRECTOR MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. THE PRESIDENT &amp; EXECUTIVE DIRECTOR SHALL MAKE THE DISCLOSURES REQUIRED BY THE POLICY TO THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>POLICY FOR DETERMINING COMPENSATION INCLUDES MEETINGS AND PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE, WHICH ARE ALL INDEPENDENT PERSONS, CONTEMPORANEOESLY REVIEWS AND DISCUSSES COMPARABLE COMPENSATION DATA OF LIKE KIND POSITIONS WITHIN AND OUTSIDE OF THE INDUSTRY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE ARE NO OTHER COMPENSATED OFFICERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>RENTAL REAL ESTATE NET INCOME 54,212 UNREALIZED GAINS ON INVESTMENTS 782,511 RENTAL REAL ESTATE LOSS 1,517 LOSS ON DISPOSAL OF FIXED ASSETS 319 RENTAL REAL ESTATE EXPENSES -55,729 LOSS OF DISPOSAL ON FIXED ASSETS -319 TOTAL 782,511</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>