﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-05-14T15:30:38-07:00</Timestamp>
    <TaxPeriodEndDate>2012-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ESTES BALDWIN ZOBEL HALL PLLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>3411 NORTH 5TH AVENUE 500</AddressLine1>
        <City>PHOENIX</City>
        <State>AZ</State>
        <ZIPCode>85013</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2011-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>860186050</EIN>
      <Name>
        <BusinessNameLine1>ARIZONA CHRISTIAN UNIVERSITY</BusinessNameLine1>
      </Name>
      <NameControl>ARIZ</NameControl>
      <Phone>6024895300</Phone>
      <USAddress>
        <AddressLine1>2625 E CACTUS RD</AddressLine1>
        <City>PHOENIX</City>
        <State>AZ</State>
        <ZIPCode>85032</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DIANE CATLIN</Name>
      <Title>CHIEF FINANCIAL OFFICER</Title>
      <Phone>6024895300</Phone>
      <DateSigned>2013-05-14</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>DALE R ZOBEL CPA</Name>
      <Phone>4807369200</Phone>
      <DatePrepared>2013-05-14</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="12">
    <IRS990 documentId="00000001" referenceDocumentName="IRS990ScheduleO ReasonableCauseExplanation" softwareId="11000175">
      <NameOfPrincipalOfficerPerson>LEN MUNSILPRESIDENT</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>2625 E CACTUS RD</AddressLine1>
        <City>PHOENIX</City>
        <State>AZ</State>
        <ZIPCode>85032</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>15462171</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>www.arizonachristian.edu</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1960</YearFormation>
      <StateLegalDomicile>AZ</StateLegalDomicile>
      <ActivityOrMissionDescription>Arizona Christian University provides a biblically integrated education that prepares its graduates to serve the Lord Jesus Christ in ministry and professional occupations.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>14</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>12</NbrIndependentVotingMembers>
      <TotalNbrEmployees>296</TotalNbrEmployees>
      <TotalNbrVolunteers>50</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>3259553</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>4526753</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>7902619</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>9901469</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>448152</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>166136</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>-203655</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>595542</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>11406669</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>15189900</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>2993284</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>4244731</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>4603270</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>5753466</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>144034</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>318502</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>3365572</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>3789262</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>10962126</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>13931493</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>444543</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>1258407</RevenuesLessExpensesCY>
      <TotalAssetsBOY>21436786</TotalAssetsBOY>
      <TotalAssetsEOY>24326062</TotalAssetsEOY>
      <TotalLiabilitiesBOY>10548351</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>12179220</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>10888435</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>12146842</NetAssetsOrFundBalancesEOY>
      <MissionDescription>Arizona Christian University provides a biblically integrated</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>12227986</Expense>
      <Grants>4244731</Grants>
      <Revenue>10827384</Revenue>
      <Description>PROVIDED BIBLICALLY INTEGRATED POST-SECONDARY EDUCATION FOR 692 STUDENTS.</Description>
      <TotalProgramServiceExpense>12227986</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="00000003" referenceDocumentName="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds>false</DonorAdvisedFunds>
      <ConservationEasements>false</ConservationEasements>
      <CollectionsOfArt>false</CollectionsOfArt>
      <CreditCounseling>false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities>false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</ReportProgRelInvest>
      <ReportOtherAssets>false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</ReportOtherLiabilities>
      <ReportFin48Footnote>false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt>false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="00000005" referenceDocumentName="IRS990ScheduleE">true</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="00000006" referenceDocumentName="IRS990ScheduleG">true</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="00000006" referenceDocumentName="IRS990ScheduleG">true</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="00000007" referenceDocumentName="IRS990ScheduleI">true</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="00000008" referenceDocumentName="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="00000009" referenceDocumentName="IRS990ScheduleK">true</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>true</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="00000010" referenceDocumentName="IRS990ScheduleL">true</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions referenceDocumentId="00000011" referenceDocumentName="IRS990ScheduleM">true</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>42</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>296</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>true</QuidProQuoContributions>
      <QuidProQuoDisclosure>true</QuidProQuoDisclosure>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form1098CFiled>true</Form1098CFiled>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>14</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>12</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>true</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>ARIZONA CHRISTIAN UNIVERSITY</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>6024895300</TelephoneNumber>
        <AddressUS>
          <AddressLine1>2625 E CACTUS ROAD</AddressLine1>
          <City>PHOENIX</City>
          <State>AZ</State>
          <ZIPCode>850327042</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <InfoInScheduleOPartVII>X</InfoInScheduleOPartVII>
      <Form990PartVIISectionA>
        <NamePerson>PAUL HENDRICKS</NamePerson>
        <Title>Chairman, Trustee</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>26387</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4095</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JIM BAUGH</NamePerson>
        <Title>Vice Chairman, Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ARLEN LARSON</NamePerson>
        <Title>Secretary</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LARRY ANDERSON</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BILL BJORK</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>6604</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BERT DOWNS</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DON HAY</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALLAN HILL</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DON KING</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>EDGAR MEYERS JR</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOHN MILLER</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JIM TULLOCH</NamePerson>
        <Title>Trustee Emeritus</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JANA MORRISON</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SHELLY RODEN</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LEN MUNSIL</NamePerson>
        <Title>President</Title>
        <AverageHoursPerWeek>50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>226600</ReportableCompFromOrganization>
        <OtherCompensation>30449</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DIANE CATLIN</NamePerson>
        <Title>SVP and CFO</Title>
        <AverageHoursPerWeek>50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <OtherCompensation>3433</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GARY DAMORE</NamePerson>
        <Title>SVP and Provost</Title>
        <AverageHoursPerWeek>50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>104143</ReportableCompFromOrganization>
        <OtherCompensation>12810</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DOUG REMY</NamePerson>
        <Title>Former CFO</Title>
        <AverageHoursPerWeek>50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>64782</ReportableCompFromOrganization>
        <OtherCompensation>11139</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>428516</TotalReportableCompFromOrg>
      <TotalOtherCompensation>61926</TotalOtherCompensation>
      <NumberIndividualsGT100K>2</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>SODEXO INC &amp; AFFILIATES</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>DEPT 880328</AddressLine1>
            <City>LOS ANGELES</City>
            <State>CA</State>
            <ZIPCode>90088</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Food Service Operations</DescriptionOfServices>
        <Compensation>501122</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>RED YAWP LLC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>5424 E GARNET AVE</AddressLine1>
            <City>MESA</City>
            <State>AZ</State>
            <ZIPCode>85206</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Digital Consulting</DescriptionOfServices>
        <Compensation>131210</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>WASHINGTON SPEAKERS BUREAU</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 75021</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21275</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Speakers Bureau</DescriptionOfServices>
        <Compensation>188414</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>3</NumberOfContractorsGT100K>
      <GovernmentGrants>925915</GovernmentGrants>
      <AllOtherContributions>3600838</AllOtherContributions>
      <NoncashContributions>2790384</NoncashContributions>
      <TotalContributions>4526753</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Student Tuition and Fees</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>8390206</TotalRevenueColumn>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Sales and Services</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>1511263</TotalRevenueColumn>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>9901469</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>166136</TotalRevenueColumn>
        <ExclusionAmount>166136</ExclusionAmount>
      </InvestmentIncome>
      <GrossIncomeFundraisingEvents>510010</GrossIncomeFundraisingEvents>
      <FundraisingDirectExpenses>272271</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>237739</TotalRevenueColumn>
        <ExclusionAmount>237739</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <OtherRevenueMisc>
        <Description>Miscellaneous</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>357803</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>357803</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>357803</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>15189900</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>10259272</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>403875</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>4244731</Total>
        <ProgramServices>4244731</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>699647</Total>
        <ProgramServices>267313</ProgramServices>
        <ManagementAndGeneral>432334</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>3869155</Total>
        <ProgramServices>3444220</ProgramServices>
        <ManagementAndGeneral>354919</ManagementAndGeneral>
        <Fundraising>70016</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>167767</Total>
        <ProgramServices>127267</ProgramServices>
        <ManagementAndGeneral>37020</ManagementAndGeneral>
        <Fundraising>3480</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>694332</Total>
        <ProgramServices>633551</ProgramServices>
        <ManagementAndGeneral>54745</ManagementAndGeneral>
        <Fundraising>6036</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>322565</Total>
        <ProgramServices>268956</ProgramServices>
        <ManagementAndGeneral>48229</ManagementAndGeneral>
        <Fundraising>5380</Fundraising>
      </PayrollTaxes>
      <FeesForServicesAccounting>
        <Total>21371</Total>
        <ProgramServices>17725</ProgramServices>
        <ManagementAndGeneral>3646</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </FeesForServicesAccounting>
      <FeesForServicesProfFundraising>
        <Total>144034</Total>
        <Fundraising>144034</Fundraising>
      </FeesForServicesProfFundraising>
      <FeesForServicesOther>
        <Total>680029</Total>
        <ProgramServices>587570</ProgramServices>
        <ManagementAndGeneral>43684</ManagementAndGeneral>
        <Fundraising>48775</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>183889</Total>
        <ProgramServices>149565</ProgramServices>
        <ManagementAndGeneral>34324</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>666138</Total>
        <ProgramServices>603966</ProgramServices>
        <ManagementAndGeneral>34313</ManagementAndGeneral>
        <Fundraising>27859</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>155303</Total>
        <ProgramServices>145610</ProgramServices>
        <ManagementAndGeneral>9175</ManagementAndGeneral>
        <Fundraising>518</Fundraising>
      </InformationTechnology>
      <Occupancy>
        <Total>451759</Total>
        <ProgramServices>398274</ProgramServices>
        <ManagementAndGeneral>53485</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Occupancy>
      <Travel>
        <Total>345787</Total>
        <ProgramServices>312821</ProgramServices>
        <ManagementAndGeneral>22594</ManagementAndGeneral>
        <Fundraising>10372</Fundraising>
      </Travel>
      <Interest>
        <Total>291691</Total>
        <ProgramServices>37874</ProgramServices>
        <ManagementAndGeneral>253817</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Interest>
      <DepreciationDepletion>
        <Total>385327</Total>
        <ProgramServices>385327</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>74193</Total>
        <ProgramServices>74193</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>Registrations/Dues/Memberships</Description>
        <Total>79190</Total>
        <ProgramServices>74724</ProgramServices>
        <ManagementAndGeneral>2434</ManagementAndGeneral>
        <Fundraising>2032</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Other Instructional</Description>
        <Total>248253</Total>
        <ProgramServices>248253</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Other Institutional</Description>
        <Total>147223</Total>
        <ProgramServices>147223</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Student Events/Productions</Description>
        <Total>58003</Total>
        <ProgramServices>58003</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>1106</Total>
        <ProgramServices>820</ProgramServices>
        <ManagementAndGeneral>286</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>13931493</Total>
        <ProgramServices>12227986</ProgramServices>
        <ManagementAndGeneral>1385005</ManagementAndGeneral>
        <Fundraising>318502</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>327761</BOY>
        <EOY>674436</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>301528</BOY>
        <EOY>172037</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>487500</BOY>
        <EOY>598900</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>473176</BOY>
        <EOY>438859</EOY>
      </AccountsReceivable>
      <OtherNotesLoansReceivableNet>
        <BOY>417750</BOY>
        <EOY>369229</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <BOY>7715</BOY>
        <EOY>15132</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>693199</BOY>
        <EOY>700753</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>18171092</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>4080137</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>13878068</BOY>
        <EOY>14090955</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>3058386</BOY>
        <EOY>2483949</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsProgramRelated>
        <BOY>893864</BOY>
        <EOY>4143864</EOY>
      </InvestmentsProgramRelated>
      <OtherAssetsTotal>
        <BOY>897839</BOY>
        <EOY>637948</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>21436786</BOY>
        <EOY>24326062</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>56892</BOY>
        <EOY>148518</EOY>
      </AccountsPayableAccruedExpenses>
      <TaxExemptBondLiabilities>
        <BOY>9680000</BOY>
        <EOY>9355000</EOY>
      </TaxExemptBondLiabilities>
      <MortNotesPyblSecuredInvestProp>
        <BOY>684576</BOY>
        <EOY>2010981</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>126883</BOY>
        <EOY>664721</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>10548351</BOY>
        <EOY>12179220</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>8904615</BOY>
        <EOY>10093385</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>116059</BOY>
        <EOY>111681</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>1867761</BOY>
        <EOY>1941776</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>10888435</BOY>
        <EOY>12146842</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>21436786</BOY>
        <EOY>24326062</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>1258407</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="00000002" softwareId="11000175">
      <School170b1Aii>X</School170b1Aii>
      <PublicSupportTotal170>0</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <Total>0</Total>
      </GrossInvestmentIncome170>
      <PublicSupportPertcentage170>0</PublicSupportPertcentage170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="00000003">
      <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="00000004" softwareId="11000175">
      <CurrentYear>
        <BeginningOfYearBalance>3942270</BeginningOfYearBalance>
        <Contributions>51200</Contributions>
        <InvestmentEarningsOrLosses>65144</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>131812</GrantsOrScholarships>
        <OtherExpenditures>50610</OtherExpenditures>
        <EndOfYearBalance>3876192</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>3831456</BeginningOfYearBalance>
        <Contributions>1000</Contributions>
        <InvestmentEarningsOrLosses>375067</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>136398</GrantsOrScholarships>
        <OtherExpenditures>128855</OtherExpenditures>
        <EndOfYearBalance>3942270</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>2871580</BeginningOfYearBalance>
        <Contributions>1060163</Contributions>
        <InvestmentEarningsOrLosses>251253</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>134789</GrantsOrScholarships>
        <OtherExpenditures>216751</OtherExpenditures>
        <EndOfYearBalance>3831456</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>0.49910</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.50090</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.00000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>2450000</OtherCostOrOtherBasis>
        <BookValue>2450000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>12713535</OtherCostOrOtherBasis>
        <Depreciation>2319150</Depreciation>
        <BookValue>10394385</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>2326330</OtherCostOrOtherBasis>
        <Depreciation>1760987</Depreciation>
        <BookValue>565343</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>681227</OtherCostOrOtherBasis>
        <BookValue>681227</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>14090955</TotalOfBookValueLandBuildings>
      <InvestmentsProgramRelated>
        <Description>27th Street &amp; Cactus Land</Description>
        <BookValue>655033</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </InvestmentsProgramRelated>
      <InvestmentsProgramRelated>
        <Description>PVRC, LLC (40% ownership)</Description>
        <BookValue>238831</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </InvestmentsProgramRelated>
      <InvestmentsProgramRelated>
        <Description>Radio Station</Description>
        <BookValue>3250000</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </InvestmentsProgramRelated>
      <TotalOfBookValueProgramRelated>4143864</TotalOfBookValueProgramRelated>
      <OtherLiabilities>
        <Description>Deferred Revenues</Description>
        <Amount>541269</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Federal Student Loan Funds</Description>
        <Amount>22201</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Refundable Advances and Deposits</Description>
        <Amount>92841</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Other Accrued Liabilities</Description>
        <Amount>8410</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>664721</TotalOfAmounts>
      <TotalRevenue>15189900</TotalRevenue>
      <TotalExpenses>13931493</TotalExpenses>
      <ExcessOrDeficitForYear>1258407</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>1258407</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>11217440</TotRevenueEtcAuditedFinclStmt>
      <OtherRevenues>-4244731</OtherRevenues>
      <RevenueNotRptdF990>-4244731</RevenueNotRptdF990>
      <RevenueSubtotal>15462171</RevenueSubtotal>
      <OtherRevenuesNotIncluded>-272271</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>-272271</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>15189900</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>9959033</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>-4244731</OtherExpensesIncluded>
      <ExpensesNotRptdF990>-4244731</ExpensesNotRptdF990>
      <ExpensesSubtotal>14203764</ExpensesSubtotal>
      <OtherExpensesNotIncluded>-272271</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>-272271</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>13931493</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Pt XII Line 2d</Identifier>
        <Explanation>Scholarships and fellowships are netted against revenue in audit.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Pt XII Line 4b</Identifier>
        <Explanation>Direct expenses for fundraisers netted against revenue for 990.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Pt XIII Line 2d</Identifier>
        <Explanation>Scholarships and fellowships are netted against revenue in audit.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Pt XIII Line 4b</Identifier>
        <Explanation>Direct expenses for fundraisers netted against revenue for 990.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="00000005" softwareId="11000175">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Line 3</Identifier>
        <Explanation>DONE IN ACCORDANCE WITH REV. PROC. 75-50.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>Line 6b</Identifier>
        <Explanation>STUDENT FINANCIAL AID IS RECEIVED FROM THE U.S.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="00000006">
      <SpecialFundraisingEvents>X</SpecialFundraisingEvents>
      <AgreementRefFundraising>true</AgreementRefFundraising>
      <FundraiserActivityInformation>
        <NameOfOrganization>
          <BusinessNameLine1>WESTFALL GROUP</BusinessNameLine1>
        </NameOfOrganization>
        <Activity>President's Summit</Activity>
        <FundraiserControlOfFunds>false</FundraiserControlOfFunds>
        <GrossReceipts>174800</GrossReceipts>
        <AmountRetainedByContractor>74716</AmountRetainedByContractor>
        <NetToOrganization>100084</NetToOrganization>
      </FundraiserActivityInformation>
      <FundraiserActivityInformation>
        <NameOfOrganization>
          <BusinessNameLine1>WESTFALL GOLD</BusinessNameLine1>
        </NameOfOrganization>
        <Activity>President's Summit</Activity>
        <FundraiserControlOfFunds>false</FundraiserControlOfFunds>
        <GrossReceipts>174800</GrossReceipts>
        <AmountRetainedByContractor>69318</AmountRetainedByContractor>
        <NetToOrganization>105482</NetToOrganization>
      </FundraiserActivityInformation>
      <TotalGrossReceipts>349600</TotalGrossReceipts>
      <TotalRetainedByContractors>144034</TotalRetainedByContractors>
      <TotalNetToOrganization>205566</TotalNetToOrganization>
      <LicensedStates>AZ</LicensedStates>
      <EventsInformation>
        <NameOfEvent1>President's Summit</NameOfEvent1>
        <GrossReceiptsEvent1>349600</GrossReceiptsEvent1>
        <GrossRevenueEvent1>349600</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>90493</RentFacilityCostsEvent1>
        <FoodAndBeverageEvent1>30900</FoodAndBeverageEvent1>
        <EntertainmentEvent1>40375</EntertainmentEvent1>
        <OtherDirectExpensesEvent1>9275</OtherDirectExpensesEvent1>
        <NameOfEvent2>Daniel Award Dinner</NameOfEvent2>
        <GrossReceiptsEvent2>160410</GrossReceiptsEvent2>
        <GrossRevenueEvent2>160410</GrossRevenueEvent2>
        <RentFacilityCostsEvent2>32000</RentFacilityCostsEvent2>
        <FoodAndBeverageEvent2>34866</FoodAndBeverageEvent2>
        <EntertainmentEvent2>25875</EntertainmentEvent2>
        <OtherDirectExpensesEvent2>8487</OtherDirectExpensesEvent2>
        <GrossReceiptsTotal>510010</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>510010</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>122493</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>65766</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>66250</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>17762</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>272271</DirectExpenseSummaryEvents>
        <NetIncomeSummary>237739</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="00000007" softwareId="11000175">
      <RecordsMaintained>true</RecordsMaintained>
      <TotalNbrOf501C3AndGovtGrants>0</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Federal Financial Aid</TypeOfGrant>
        <NumberOfRecipients>400</NumberOfRecipients>
        <AmountOfCashGrant>914645</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Institutional Scholarships</TypeOfGrant>
        <NumberOfRecipients>380</NumberOfRecipients>
        <AmountOfCashGrant>3330086</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>All scholarships are awarded to students who have completed the college's</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>admissions requirements and have registered for classes. Scholarships require</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>a student to maintain a full-time status throughout the semester and are</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>awarded for one year; divided evenly between the Fall and Spring semesters.</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>Most scholarships are renewed annually as long as the student meets</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>the renewal criteria, completes the FAFSA, and MyACU, and MyACU interview.</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>Music and athletic scholarships require re-evaluation each year and are not</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>automatically renewed. Scholarships are awarded with the understanding that a</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>student will complete the semester for which the award is received.</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>A student must be in good standing and making satisfactory progress in order</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>to receive a scholarship. Scholarships are non-transferable and no</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>student may receive scholarships from Arizona Christian Univeristy</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>in excess of full tuition. Completion of the FAFSA and MyACU student</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>interview is required to apply for all scholarships or grants. State grants</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>received offset institutional scholarships or are applied to fees if the total</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>amount is greater than tuition. Priority deadline to apply for financial aid</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Explanation>is April 1st for Fall semester start and November 1st for Spring semester start.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="00000008">
      <TravelForCompanions>X</TravelForCompanions>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>true</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>true</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>LEN MUNSIL</NamePerson>
        <BaseCompensationFilingOrg>226600</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>16414</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>14035</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>257049</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Pt I Line 5a</Identifier>
        <Explanation>INCENTIVE PAY IS CALCULATED ANNUALLY BASED UPON ACHIEVEMENT OF REVENUE GOALS.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Pt I Line 6a</Identifier>
        <Explanation>Incentive pay is calculated quarterly based upon net income actual vs. budget.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="00000009" softwareId="11000175">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>INDUSTRIAL DEVELOPMENT AUTHORITY OF PHOENIX</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>522038405</IssuerEIN>
        <CUSIPNumber>718911FM7</CUSIPNumber>
        <DateIssued>2008-07-10</DateIssued>
        <IssuePrice>10000000</IssuePrice>
        <DescriptionOfPurpose>ACU construction/remodeling</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <AmountRetired>645000</AmountRetired>
        <TotalProceeds>10006252</TotalProceeds>
        <AmountInReserveFund>273927</AmountInReserveFund>
        <CapitalizedInterest>25000</CapitalizedInterest>
        <IssuanceCostsFromProceeds>478724</IssuanceCostsFromProceeds>
        <CreditEnhancement>100000</CreditEnhancement>
        <WorkingCapitalExpenditures>896972</WorkingCapitalExpenditures>
        <CapitalExpenditures>8231630</CapitalExpenditures>
        <YearOfSubstCompletion>2011</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="00000010" softwareId="11000175">
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>LEN MUNSIL</NameOfInterestedPerson>
        <RelationshipWithOrganization>President</RelationshipWithOrganization>
        <AmountOfGrant>35312</AmountOfGrant>
        <TypeOfAssistance>Scholarship for Children</TypeOfAssistance>
      </Form990ScheduleLPartIII>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="00000011">
      <CarsAndOtherVehicles>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>6696</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair Value</MethodOfDeterminingRevenues>
      </CarsAndOtherVehicles>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Radio Station</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>2783688</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair Value</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="00000012" softwareId="11000175">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 2</Identifier>
        <Explanation>Trustee Larry Anderson's wife is a cousin of President Len Munsil.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11a</Identifier>
        <Explanation>ACU's Executive Committee of the Board of Trustees reviews and approves the 990 14 days before filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Sensitivity to conflicts of interest is part of our culture. ACU has managment daily review of transacations and internal controls.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>A committee of the Board of Trustees reviews the President and adjusts his salary using data from comparable institutions.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>All are available by requesting in writing to the University.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VII, Col (F)</Identifier>
        <Explanation>Paul Hendricks left his employment by the university to become Chairman of the Board of Trustees. Doug Remy took a leave of abscence to become interim CFO.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>OTHER EXPENSES 1106. 820. 286. 0.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>