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      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Peter Caldwell</NamePerson>
        <BaseCompensationFilingOrg>141176</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>14250</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>16989</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>172415</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>John Mascaro</NamePerson>
        <BaseCompensationFilingOrg>151710</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>17654</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>16937</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>186301</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Darren Burns</NamePerson>
        <BaseCompensationFilingOrg>129716</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>15430</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>16917</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>162063</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Alison Cady</NamePerson>
        <BaseCompensationFilingOrg>119066</BaseCompensationFilingOrg>
        <BonusFilingOrg>12200</BonusFilingOrg>
        <DeferredCompFilingOrg>15651</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>16899</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>163816</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Alexander Curtis</NamePerson>
        <BaseCompensationFilingOrg>208040</BaseCompensationFilingOrg>
        <TotalCompensationFilingOrg>208040</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="990K:1" softwareId="11000218" softwareVersion="2011.0.0">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>NJ Economic Development Authority</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>222015817</IssuerEIN>
        <CUSIPNumber>111111111</CUSIPNumber>
        <DateIssued>2007-11-08</DateIssued>
        <IssuePrice>14500000</IssuePrice>
        <DescriptionOfPurpose>construction projects</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="990L" softwareId="11000218" softwareVersion="2011.0.0">
      <LoanTable>
        <NamePerson>Peter Caldwell</NamePerson>
        <PurposeOfLoan>Housing assistance</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>100000</OriginalPrincipalAmount>
        <BalanceDue>100000</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>100000</TotalBalanceDue>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="990O" softwareId="11000218" softwareVersion="2011.0.0">
      <GeneralExplanation>
        <Identifier>Form 990 Part XI</Identifier>
        <ReturnReference>5</ReturnReference>
        <Explanation>Net Unrealized Gains/Losses on Investments.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 Part VI</Identifier>
        <ReturnReference>11</ReturnReference>
        <Explanation>The 990 is reviewed by the Headmaster, the Business Manager, and the full Board of Trustees. The information in the 990 is largely drawn from the audited financial statements which are reviewed by the Board.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 Part VI</Identifier>
        <ReturnReference>12</ReturnReference>
        <Explanation>Conflicts of Interest are reviewed by the Executive Committee of the Board.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 Part VI</Identifier>
        <ReturnReference>15</ReturnReference>
        <Explanation>The Compensation Committee of the Board uses compensation surveys to determine the salary for the Headmaster.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 Part VI</Identifier>
        <ReturnReference>19</ReturnReference>
        <Explanation>Information is available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Form 990 Part XI Line 5 Net Unrealized Gains/Losses on Investments. Form 990 Part VI Section B Line 11 The 990 is reviewed by the Headmaster, the Business Manager, and the full Board of Trustees. The information in the 990 is largely drawn from the audited financial statements which are reviewed by the Board. Form 990 Part VI Section B Line 12 Conflicts of Interest are reviewed by the Executive Committee of the Board. Form 990 Part VI Section B Line 15 The Compensation Committee of the Board uses compensation surveys to determine the salary for the Headmaster. Form 990 Part VI Section C Line 19 Information is available upon request.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>