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        <NamePerson>YVONNE JACOBS</NamePerson>
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      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>2151629</Securities>
        <Other>0</Other>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>-25547</Securities>
        <Other>4932</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-20615</TotalRevenueColumn>
        <ExclusionAmount>-20615</ExclusionAmount>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>103562</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>360653</CntrbtnsRprtdFundraisingEvents>
      <FundraisingDirectExpenses>248041</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>-144479</TotalRevenueColumn>
        <ExclusionAmount>-144479</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <GrossIncomeGaming>53977</GrossIncomeGaming>
      <GamingDirectExpenses>2317</GamingDirectExpenses>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>51660</TotalRevenueColumn>
        <ExclusionAmount>51660</ExclusionAmount>
      </NetIncomeFromGaming>
      <TotalRevenue>
        <TotalRevenueColumn>28426112</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>14294340</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>-89840</UnrelatedBusinessRevenue>
        <ExclusionAmount>211169</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>559676</Total>
        <ProgramServices>559676</ProgramServices>
      </GrantsToDomesticOrgs>
      <CompCurrentOfficersDirectors>
        <Total>691440</Total>
        <ProgramServices>576169</ProgramServices>
        <ManagementAndGeneral>115271</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>4374679</Total>
        <ProgramServices>2916580</ProgramServices>
        <ManagementAndGeneral>920101</ManagementAndGeneral>
        <Fundraising>537998</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>52745</Total>
        <ProgramServices>27905</ProgramServices>
        <ManagementAndGeneral>19417</ManagementAndGeneral>
        <Fundraising>5423</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>498871</Total>
        <ProgramServices>279975</ProgramServices>
        <ManagementAndGeneral>159016</ManagementAndGeneral>
        <Fundraising>59880</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>402214</Total>
        <ProgramServices>284978</ProgramServices>
        <ManagementAndGeneral>69559</ManagementAndGeneral>
        <Fundraising>47677</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>24779</Total>
        <ProgramServices>435</ProgramServices>
        <ManagementAndGeneral>24344</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>40652</Total>
        <ProgramServices>12707</ProgramServices>
        <ManagementAndGeneral>27945</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>1167433</Total>
        <ProgramServices>1116099</ProgramServices>
        <ManagementAndGeneral>42900</ManagementAndGeneral>
        <Fundraising>8434</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>1252493</Total>
        <ProgramServices>1165117</ProgramServices>
        <ManagementAndGeneral>54468</ManagementAndGeneral>
        <Fundraising>32908</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>597933</Total>
        <ProgramServices>320243</ProgramServices>
        <ManagementAndGeneral>246459</ManagementAndGeneral>
        <Fundraising>31231</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>34253</Total>
        <ProgramServices>2352</ProgramServices>
        <ManagementAndGeneral>31901</ManagementAndGeneral>
      </InformationTechnology>
      <Occupancy>
        <Total>376976</Total>
        <ProgramServices>269940</ProgramServices>
        <ManagementAndGeneral>107036</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>1020077</Total>
        <ProgramServices>1003258</ProgramServices>
        <ManagementAndGeneral>16797</ManagementAndGeneral>
        <Fundraising>22</Fundraising>
      </Travel>
      <ConferencesMeetings>
        <Total>119138</Total>
        <ProgramServices>101400</ProgramServices>
        <ManagementAndGeneral>14889</ManagementAndGeneral>
        <Fundraising>2849</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>259390</Total>
        <ManagementAndGeneral>259390</ManagementAndGeneral>
      </Interest>
      <DepreciationDepletion>
        <Total>641269</Total>
        <ProgramServices>436063</ProgramServices>
        <ManagementAndGeneral>128254</ManagementAndGeneral>
        <Fundraising>76952</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>162864</Total>
        <ProgramServices>119069</ProgramServices>
        <ManagementAndGeneral>43795</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>SOCIAL FUNCTIONS</Description>
        <Total>4546695</Total>
        <ProgramServices>4393082</ProgramServices>
        <ManagementAndGeneral>1089</ManagementAndGeneral>
        <Fundraising>152524</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>IN-KIND EXPENSES</Description>
        <Total>2055214</Total>
        <ProgramServices>1574719</ProgramServices>
        <ManagementAndGeneral>64880</ManagementAndGeneral>
        <Fundraising>415615</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>AWARDS &amp; PRIZES</Description>
        <Total>501848</Total>
        <ProgramServices>501848</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MEMBERSHIP BENEFITS</Description>
        <Total>474665</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>474665</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>1075734</Total>
        <ProgramServices>769668</ProgramServices>
        <ManagementAndGeneral>37939</ManagementAndGeneral>
        <Fundraising>268127</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>20931038</Total>
        <ProgramServices>16431283</ProgramServices>
        <ManagementAndGeneral>2385450</ManagementAndGeneral>
        <Fundraising>2114305</Fundraising>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>3749580</BOY>
        <EOY>10209143</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>4057605</BOY>
        <EOY>2764072</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>500600</BOY>
        <EOY>200419</EOY>
      </AccountsReceivable>
      <InventoriesForSaleOrUse>
        <BOY>4630</BOY>
        <EOY>2076</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>94441</BOY>
        <EOY>162422</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>17896556</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>7194821</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>8294220</BOY>
        <EOY>10701735</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>6248908</BOY>
        <EOY>7147469</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>8183</BOY>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <IntangibleAssets>
        <BOY>733413</BOY>
        <EOY>789951</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>364621</BOY>
        <EOY>343678</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>24056201</BOY>
        <EOY>32320965</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>655308</BOY>
        <EOY>1137327</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>835248</BOY>
        <EOY>1492909</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>5600000</BOY>
        <EOY>5570000</EOY>
      </TaxExemptBondLiabilities>
      <UnsecuredNotesLoansPayable>
        <BOY>989751</BOY>
        <EOY>137431</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>2851755</BOY>
        <EOY>3315669</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>10932062</BOY>
        <EOY>11653336</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>3644441</BOY>
        <EOY>11152735</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>8174379</BOY>
        <EOY>8209575</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>1305319</BOY>
        <EOY>1305319</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>13124139</BOY>
        <EOY>20667629</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>24056201</BOY>
        <EOY>32320965</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>7495074</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>48416</ReconciliationUnrealizedInvest>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>2376632</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2196450</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>5627448</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>11624680</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>14010443</CurrentTaxYear>
        <Total>35835653</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>10278940</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>5307336</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>15840132</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>11905561</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>14451879</CurrentTaxYear>
        <Total>57783848</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>12655572</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>7503786</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>21467580</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>23530241</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>28462322</CurrentTaxYear>
        <Total>93619501</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <CurrentTaxYearMinus4Years>2773585</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1675380</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>3906540</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>2119281</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>3896003</CurrentTaxYear>
        <Total>14370789</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <CurrentTaxYearMinus4Years>1690236</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1380982</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>4931669</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>5752736</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>7063084</CurrentTaxYear>
        <Total>20818707</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <CurrentTaxYearMinus4Years>4463821</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>3056362</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>8838209</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>7872017</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>10959087</CurrentTaxYear>
        <Total>35189496</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>58430005</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>116644</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>70934</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>152336</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>215895</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>324603</CurrentTaxYear>
        <Total>880412</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>116644</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>70934</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>152336</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>215895</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>324603</CurrentTaxYear>
        <Total>880412</Total>
      </InvestmentIncomeAndUBTI>
      <OtherIncome509>
        <CurrentTaxYearMinus4Years>-129896</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>-56941</CurrentTaxYearMinus3Years>
        <Total>-186837</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>12642320</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>7517779</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>21619916</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>23746136</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>28786925</CurrentTaxYear>
        <Total>94313076</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.61950</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.62450</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00930</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.01010</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
      <GeneralExplanation>SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III - IN 2010 THE ORGANIZATION FILED A SHORT YEAR RETURN FOR THE PERIOD JANUARY 1, 2010 THROUGH SEPTEMBER 30, 2010, EFFECTIVELY CHANGING THEIR ACCOUNTING PERIOD FROM A CALENDAR YEAR END TO A FISCAL YEAR ENDING SEPTEMBER 30TH. IN ORDER TO PROPERLY REFLECT THE ORGANIZATION'S PUBLIC CHARITY STATUS AND PUBLIC SUPPORT FOR THE PURPOSES OF SCHEDULE A, PART III (SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTION 509(A)(2)) THE ORGANIZATION REPORTED THEIR ACTIVITY FOR CALENDAR YEAR 2009, ACTIVITY FOR THE SHORT YEAR ENDING SEPTEMBER 30, 2010, AND ACTIVITY FOR FISCAL YEARS ENDING SEPTEMBER 30, 2011, SEPTEMBER 30, 2012, AND SEPTEMBER 30, 2013 FOR THE 5 YEAR PUBLIC SUPPORT COMPUTATION ON SCHEDULE A.</GeneralExplanation>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1039900001">
      <NumberDAFsHeld>16</NumberDAFsHeld>
      <DonorAdvisedContributions>75000</DonorAdvisedContributions>
      <GrantsPaidFromDonorFunds>255000</GrantsPaidFromDonorFunds>
      <AggregateDAFValue>1602240</AggregateDAFValue>
      <DisclosedOrgsLegalControl>1</DisclosedOrgsLegalControl>
      <DisclosedForCharitablePurposes>1</DisclosedForCharitablePurposes>
      <CurrentYear>
        <BeginningOfYearBalance>9588389</BeginningOfYearBalance>
        <Contributions>7226200</Contributions>
        <InvestmentEarningsOrLosses>897824</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>323443</GrantsOrScholarships>
        <OtherExpenditures>7734553</OtherExpenditures>
        <EndOfYearBalance>9654417</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>6819657</BeginningOfYearBalance>
        <Contributions>6783374</Contributions>
        <InvestmentEarningsOrLosses>1105812</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>44726</GrantsOrScholarships>
        <OtherExpenditures>5075728</OtherExpenditures>
        <EndOfYearBalance>9588389</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>5051156</BeginningOfYearBalance>
        <Contributions>3509929</Contributions>
        <InvestmentEarningsOrLosses>-60681</InvestmentEarningsOrLosses>
        <OtherExpenditures>1668831</OtherExpenditures>
        <AdministrativeExpenses>11916</AdministrativeExpenses>
        <EndOfYearBalance>6819657</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>5013573</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>224721</InvestmentEarningsOrLosses>
        <OtherExpenditures>180000</OtherExpenditures>
        <AdministrativeExpenses>7138</AdministrativeExpenses>
        <EndOfYearBalance>5051156</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <CurrentYearMinus4Years>
        <BeginningOfYearBalance>4589119</BeginningOfYearBalance>
        <Contributions>767336</Contributions>
        <InvestmentEarningsOrLosses>604610</InvestmentEarningsOrLosses>
        <OtherExpenditures>941905</OtherExpenditures>
        <AdministrativeExpenses>5587</AdministrativeExpenses>
        <EndOfYearBalance>5013573</EndOfYearBalance>
      </CurrentYearMinus4Years>
      <BoardDesignatedEOYBalance>0.86480</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.13520</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Buildings>
        <OtherCostOrOtherBasis>12258813</OtherCostOrOtherBasis>
        <Depreciation>5153495</Depreciation>
        <BookValue>7105318</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>2064923</OtherCostOrOtherBasis>
        <Depreciation>1793816</Depreciation>
        <BookValue>271107</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>3572820</OtherCostOrOtherBasis>
        <Depreciation>247510</Depreciation>
        <BookValue>3325310</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>10701735</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>FOREIGN CURRENCY HEDGE LIABILITY</Description>
        <Amount>2205282</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>INTEREST RATE SWAP LIABILITY</Description>
        <Amount>1110387</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>3315669</TotalOfAmounts>
      <FootnoteInPartXIII>X</FootnoteInPartXIII>
      <TotRevenueEtcAuditedFinclStmt>30745108</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>1275776</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>1065931</DonatedSrvcAndUseOfFacilities>
      <OtherRevenues>95095</OtherRevenues>
      <RevenueNotRptdF990>2436802</RevenueNotRptdF990>
      <RevenueSubtotal>28308306</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>22051</InvestmentExpensesNotIncluded>
      <OtherRevenuesNotIncluded>95755</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>117806</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>28426112</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>23563909</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>1065931</DonatedServicesUseOfFacilities>
      <OtherExpensesIncluded>1588991</OtherExpensesIncluded>
      <ExpensesNotRptdF990>2654922</ExpensesNotRptdF990>
      <ExpensesSubtotal>20908987</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>22051</InvestmentExpensesNotIncluded2>
      <ExpensesNotRptdOnFinStmt>22051</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>20931038</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>VAIL VALLEY FOUNDATION'S INTENDED USE OF THE PERMANENT ENDOWMENT FUND IS TO USE THE EARNINGS FROM THE INVESTED FUNDS FOR REPAIR AND MAINTENANCE EXPENSES ON THE FORD AMPHITHEATER. BOARD DESIGNATED ENDOWMENTS ARE USED TO FUND EDUCATIONAL/SCHOLARSHIP PROGRAMS.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X, LINE 2:</ReturnReference>
        <Explanation>THE FOUNDATION, VILAR CENTER AND YOUTH FOUNDATION ARE ORGANIZED AS COLORADO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), AND QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI). IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) WHILE VILAR CENTER AND YOUTH FOUNDATION HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTION 509(A)(1). EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. VILAR CENTER AND YOUTH FOUNDATION HAVE DETERMINED THEY ARE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FOUNDATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME AND ITS TAX FILINGS ARE NO LONGER SUBJECT TO EXAMINATION FOR YEARS BEFORE 2009. NO INCOME TAXES WERE PAID DURING OR FOR THE YEARS ENDED SEPTEMBER 30, 2013 AND 2012. VVF BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ENTITIES WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Explanation>PART XI, LINE 2D - OTHER ADJUSTMENTS: $95,095 - INVESTMENT INCOME REPORTED ON RELATED ENTITY'S TAX RETURN PART XI, LINE 4B - OTHER ADJUSTMENTS: $13,479 - REALIZED LOSS REPORTED ON RELATED ENTITIY'S TAX RETURN $82,276 - CONTRIBUTION FROM RELATED ENTITY PART XII, LINE 2D - OTHER ADJUSTMENTS: $588,326 - DEPRECIATION EXPENSE REPORTED ON RELATED ENTITY'S TAX RETURN $6,929 - EXPENSES REPORTED ON RELATED ENTITY'S TAX RETURN $993,736 - CHANGE IN VALUE OF FOREIGN CURRENCY SWAP INCLUDED WITH EXPENSES ON THE FINANCIALS</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>BLACK DIAMOND BALL</NameOfEvent1>
        <GrossReceiptsEvent1>316415</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>277250</CharitableContributionsEvent1>
        <GrossRevenueEvent1>39165</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>46494</RentFacilityCostsEvent1>
        <FoodAndBeverageEvent1>66360</FoodAndBeverageEvent1>
        <EntertainmentEvent1>28357</EntertainmentEvent1>
        <OtherDirectExpensesEvent1>6491</OtherDirectExpensesEvent1>
        <NameOfEvent2>VIDF UP CLOSE</NameOfEvent2>
        <GrossReceiptsEvent2>49657</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>12401</CharitableContributionsEvent2>
        <GrossRevenueEvent2>37256</GrossRevenueEvent2>
        <RentFacilityCostsEvent2>0</RentFacilityCostsEvent2>
        <FoodAndBeverageEvent2>12020</FoodAndBeverageEvent2>
        <EntertainmentEvent2>500</EntertainmentEvent2>
        <OtherDirectExpensesEvent2>300</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>4</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>98143</GrossReceiptsOtherEvents>
        <CharitableContribOtherEvents>71002</CharitableContribOtherEvents>
        <GrossRevenueOtherEvents>27141</GrossRevenueOtherEvents>
        <NonCashPrizesOtherEvents>405</NonCashPrizesOtherEvents>
        <RentFacilityCostsOtherEvents>15552</RentFacilityCostsOtherEvents>
        <FoodAndBeverageOtherEvents>54038</FoodAndBeverageOtherEvents>
        <EntertainmentOtherEvents>15842</EntertainmentOtherEvents>
        <OtherDirectExpensesOtherEvents>1682</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>464215</GrossReceiptsTotal>
        <CharitableContributionsTotal>360653</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>103562</GrossRevenueTotalEvents>
        <NonCashPrizesTotalEvents>405</NonCashPrizesTotalEvents>
        <RentFacilityCostsTotalEvents>62046</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>132418</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>44699</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>8473</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>248041</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-144479</NetIncomeSummary>
      </EventsInformation>
      <GamingInformation>
        <GrossRevenueOtherGaming>53977</GrossRevenueOtherGaming>
        <OtherDirectExpensesOtherGaming>2317</OtherDirectExpensesOtherGaming>
        <VolunteerLaborOtherGaming>1</VolunteerLaborOtherGaming>
        <VolunteerLaborPrcntOtherGaming>0.86000</VolunteerLaborPrcntOtherGaming>
        <GrossRevenueTotalGaming>53977</GrossRevenueTotalGaming>
        <OtherDirectExpensesTotalGaming>2317</OtherDirectExpensesTotalGaming>
        <DirectExpenseSummaryGaming>2317</DirectExpenseSummaryGaming>
        <NetGamingIncomeSummary>51660</NetGamingIncomeSummary>
      </GamingInformation>
      <StatesWhereGamingConducted>CO</StatesWhereGamingConducted>
      <Licensed>1</Licensed>
      <LicenseSuspendedEtc>0</LicenseSuspendedEtc>
      <GamingWithNonmembers>0</GamingWithNonmembers>
      <MemberOfOtherEntity>0</MemberOfOtherEntity>
      <PercentageOfGamingOthrFacility>1.00000</PercentageOfGamingOthrFacility>
      <NameOfGamingRecKeeperPerson>DILLON DEMORE</NameOfGamingRecKeeperPerson>
      <AddressOfGamingRecKeeperUS>
        <AddressLine1>PO BOX 309</AddressLine1>
        <City>VAIL</City>
        <State>CO</State>
        <ZIPCode>81658</ZIPCode>
      </AddressOfGamingRecKeeperUS>
      <ContractWith3rdPartyForGamRev>0</ContractWith3rdPartyForGamRev>
      <GamingManagerNamePerson>SHELLEY PINKHAM</GamingManagerNamePerson>
      <GamingManagerCompensation>0</GamingManagerCompensation>
      <GamingManagerServicesProvided>EVENT OVERSIGHT</GamingManagerServicesProvided>
      <GamingManagerIsEmployee>X</GamingManagerIsEmployee>
      <CharitableDistribRequired>1</CharitableDistribRequired>
      <AmountDistributed>45500</AmountDistributed>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>BRAVO VAIL VALLEY MUSIC FESTIVAL</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 2270</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EINOfRecipient>841074065</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>138500</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>SKI &amp; SNOWBOARD CLUB VAIL</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>598 VAIL VALLEY DRIVE</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81657</ZIPCode>
        </AddressUS>
        <EINOfRecipient>846038792</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>20000</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE FAMILY LEARNING CENTER</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>31626 HIGHWAY 6</AddressLine1>
          <City>EDWARDS</City>
          <State>CO</State>
          <ZIPCode>81632</ZIPCode>
        </AddressUS>
        <EINOfRecipient>841519047</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE YOUTH FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>90 BENCHMARK ROAD STE 202</AddressLine1>
          <City>AVON</City>
          <State>CO</State>
          <ZIPCode>81620</ZIPCode>
        </AddressUS>
        <EINOfRecipient>841442909</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>169135</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE BRIGHT FUTURE FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 2558</AddressLine1>
          <City>AVON</City>
          <State>CO</State>
          <ZIPCode>81620</ZIPCode>
        </AddressUS>
        <EINOfRecipient>841519047</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>46309</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>COLORADO CHILDREN'S CHORALE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>2420 W 26TH AVE STE 350-D</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>80211</ZIPCode>
        </AddressUS>
        <EINOfRecipient>840682417</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>8500</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>VAIL PERFORMING ARTS ACADEMY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 2300</AddressLine1>
          <City>EDWARDS</City>
          <State>CO</State>
          <ZIPCode>81632</ZIPCode>
        </AddressUS>
        <EINOfRecipient>841472671</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>11250</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>WALKING MOUNTAINS SCIENCE CENTER</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 9469</AddressLine1>
          <City>AVON</City>
          <State>CO</State>
          <ZIPCode>81620</ZIPCode>
        </AddressUS>
        <EINOfRecipient>841436731</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>95000</AmountOfCashGrant>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>8</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>CAMP/SCHOOL TUITION</TypeOfGrant>
        <NumberOfRecipients>17</NumberOfRecipients>
        <AmountOfCashGrant>11205</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>ATHLETE ASSISTANCE</TypeOfGrant>
        <NumberOfRecipients>8</NumberOfRecipients>
        <AmountOfCashGrant>21000</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: VAIL VALLEY FOUNDATION'S CHIEF FINANCIAL OFFICER PERFORMS A FOLLOW UP PHONE CALL WITH RECIPIENTS OF GRANTS. BASED ON THE EXTENSIVE RELATIONSHIPS THE FOUNDATION HOLDS WITH BUSINESSES AND THE COMMUNITY, THE FOUNDATION DEEMS TO HAVE ADEQUATELY FULFILLED THE MONITORING PROCEDURES FOR GRANTEES.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <CompensationCommittee>X</CompensationCommittee>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>1</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>CECILIA FOLZ</NamePerson>
        <Title>PRESIDENT/CHIEF EXECUTIVE</Title>
        <BaseCompensationFilingOrg>248700</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>2500</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>17914</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>269114</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MICHAEL IMHOF</NamePerson>
        <Title>VP OF SALES &amp; OPERATIONS</Title>
        <BaseCompensationFilingOrg>182800</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>23827</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>206627</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KRIS SABEL</NamePerson>
        <Title>EXECUTIVE DIRECTOR VPAC</Title>
        <BaseCompensationFilingOrg>139162</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>2500</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>19354</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>161016</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DUNCAN HORNER</NamePerson>
        <Title>DIRECTOR OF MARKETING</Title>
        <BaseCompensationFilingOrg>127506</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>2500</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>21825</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>151831</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DAVID DRESSMAN</NamePerson>
        <Title>SALES MANAGER</Title>
        <BaseCompensationFilingOrg>62500</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>112278</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>19516</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>194294</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MARK FENSTERMACHER</NamePerson>
        <Title>FORMER CFO (THRU 7/25/12)</Title>
        <BaseCompensationFilingOrg>86089</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>16402</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>2500</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>10334</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>115325</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 7</ReturnReference>
        <Explanation>THE ORGANIZATION'S COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF AS IDENTIFIED BY THE COMMITTEE TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES IS AVAILABLE AND WILL BE PAID. DURING FISCAL YEAR ENDING SEPTEMBER 30, 2012 THE COMPENSATION COMMITTEE AWARDED THE CHIEF FINANCIAL OFFICER, SALES MANAGER, DIRECTOR OF MARKETING, AND DIRECTOR OF SPONSORSHIP SALES A BONUS BASED ON REVIEW OF THEIR PERFORMANCES AND SERVICES TO THE ORGANIZATION.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>840896727</IssuerEIN>
        <DateIssued>2013-01-17</DateIssued>
        <IssuePrice>5770000</IssuePrice>
        <DescriptionOfPurpose>REFINANCE EXISTING LOANS.</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceeds>5570000</TotalProceeds>
        <IssuanceCostsFromProceeds>74803</IssuanceCostsFromProceeds>
        <OtherSpentProceeds>5495197</OtherSpentProceeds>
        <YearOfSubstCompletion>2013</YearOfSubstCompletion>
        <CurrentRefunding>1</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondIssMeetPrvtSecurityPayTest>0</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>0</ChangeInUseBondFinancedProp>
        <NonQualifiedBondRemedProcdrs>1</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiled>0</Form8038TFiled>
        <RebateNotDueYet>0</RebateNotDueYet>
        <ExceptionToRebate>0</ExceptionToRebate>
        <NoRebateDue>0</NoRebateDue>
        <VariableRateIssue>1</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>1</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>MORGAN STANLEY</BusinessNameLine1>
          <BusinessNameLine2>CAPITAL SERVICES</BusinessNameLine2>
        </NameOfHedgeProvider>
        <TermOfHedge>30.000000000000</TermOfHedge>
        <SuperintegratedHedge>0</SuperintegratedHedge>
        <HedgeTerminated>0</HedgeTerminated>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <WrittenProcToMonitorReqs>0</WrittenProcToMonitorReqs>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>27</NumberOfContributions>
        <NoncashContribsRptdF990>842331</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>MKT VALUE ON GIFT DATE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>LODGING</Description>
        <NumberOfContributions>28</NumberOfContributions>
        <NoncashContribsRptdF990>357938</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST OR SELLING PRICE OF DONATED PROPERTY</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>GIFTS/GOODS/HOSPITALITY</Description>
        <NumberOfContributions>44</NumberOfContributions>
        <NoncashContribsRptdF990>1697276</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST OR SELLING PRICE OF DONATED PROPERTY</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>TRIPS, TICKETS/EVENTS, &amp; MISC GIVEAWAYS</Description>
        <NumberOfContributions>10</NumberOfContributions>
        <NoncashContribsRptdF990>126500</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST OR SELLING PRICE OF DONATED PROPERTY</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <NumberOf8283Received>1</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>1</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8B</ReturnReference>
        <Explanation>VAIL VALLEY FOUNDATION, INC. DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>A COPY OF THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CONTROLLER BEFORE FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE COMPENSATION COMMITTEE IS MADE UP OF BOARD MEMBERS FROM THE FOUNDATION. THIS COMMITTEE MEETS AT THE END OF THE YEAR TO DETERMINE COMPENSATION ADJUSTMENTS. PRIOR TO THE MEETING, THE CFO PROVIDES THE COMMITTEE WITH A PACKAGE SUMMARIZING COMPENSATION INFORMATION. AT THE MEETING THEY DETERMINE IF THEY WILL APPROVE ANY COMPENSATION ADJUSTMENT FOR THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES FOR THE UPCOMING YEAR. THE COMPENSATION COMMITTEE ALSO COMPARES COMPENSATION LEVELS OF THE ABOVE POSITIONS TO THAT OF SIMILAR POSITIONS IN OTHER ORGANIZATIONS COMPARABLE TO VAIL VALLEY, IN ITS DETERMINATION OF COMPENSATION ADJUSTMENTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>VAIL VALLEY FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>VILAR CENTER FOR THE ARTS FOUNDATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO BOX 309</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>841316133</EIN>
        <PrimaryActivities>PROMOTE AN APPRECIATION OF THE ARTS</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>LINE 7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>VAIL VALLEY FOUNDATION</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>1</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>THE YOUTH FOUNDATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO BOX 309</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>841442909</EIN>
        <PrimaryActivities>PREPARE CHILDREN IN NEED FOR SUCCESS IN LIFE THROUGH EDUCATION</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>LINE 7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>VAIL VALLEY FOUNDATION</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>1</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>1</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>1</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>1</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>0</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>1</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>1</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>1</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>VILAR CENTER FOR THE ARTS FOUNDATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>A</TransactionType>
        <AmountInvolved>1</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>THE YOUTH FOUNDATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>B</TransactionType>
        <AmountInvolved>169135</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>VILAR CENTER FOR THE ARTS FOUNDATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>82276</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>THE YOUTH FOUNDATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
        <AmountInvolved>339410</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>