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      <OtherExpenses>
        <Description>NON CAPITILIZED EQUIPMENT</Description>
        <Total>53283</Total>
        <ProgramServices>42626</ProgramServices>
        <ManagementAndGeneral>10657</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PROFESSIONAL FEES</Description>
        <Total>1233861</Total>
        <ProgramServices>987089</ProgramServices>
        <ManagementAndGeneral>246772</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>UTILITIES</Description>
        <Total>258830</Total>
        <ProgramServices>207064</ProgramServices>
        <ManagementAndGeneral>51766</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>1224203</Total>
        <ProgramServices>902019</ProgramServices>
        <ManagementAndGeneral>322184</ManagementAndGeneral>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>13323327</Total>
        <ProgramServices>9728284</ProgramServices>
        <ManagementAndGeneral>3595043</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>10603187</BOY>
        <EOY>8082025</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>2798685</BOY>
        <EOY>2871951</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>126740</BOY>
        <EOY>75027</EOY>
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      <LandBuildingsEquipmentBasis>52231975</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>6333023</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>44935938</BOY>
        <EOY>45898952</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>47657</BOY>
        <EOY>146915</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>58512207</BOY>
        <EOY>57074870</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>219054</BOY>
        <EOY>379193</EOY>
      </AccountsPayableAccruedExpenses>
      <GrantsPayable>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </GrantsPayable>
      <DeferredRevenue>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </TaxExemptBondLiabilities>
      <EscrowAccountLiability>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </EscrowAccountLiability>
      <LoansFromOfficersDirectors>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </LoansFromOfficersDirectors>
      <MortNotesPyblSecuredInvestProp>
        <BOY>5528945</BOY>
        <EOY>5033719</EOY>
      </MortNotesPyblSecuredInvestProp>
      <UnsecuredNotesLoansPayable>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>909326</BOY>
        <EOY>885013</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>6657325</BOY>
        <EOY>6297925</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>45890096</BOY>
        <EOY>46935596</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>5964786</BOY>
        <EOY>3841349</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>51854882</BOY>
        <EOY>50776945</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>58512207</BOY>
        <EOY>57074870</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-1077337</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-600</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementBoth>X</FinancialStatementBoth>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <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="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYearMinus3Years />
      <Land />
      <Buildings>
        <OtherCostOrOtherBasis>49271144</OtherCostOrOtherBasis>
        <Depreciation>5406035</Depreciation>
        <BookValue>43865109</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>946554</OtherCostOrOtherBasis>
        <Depreciation>926988</Depreciation>
        <BookValue>19566</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>2014277</OtherCostOrOtherBasis>
        <Depreciation>0</Depreciation>
        <BookValue>2014277</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>45898952</TotalOfBookValueLandBuildings>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>ACCRUED PAYROLL</Description>
        <Amount>675988</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ACCRUED VACATION/SICK LEAVE</Description>
        <Amount>209025</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>885013</TotalOfAmounts>
      <TotalRevenue>12245990</TotalRevenue>
      <TotalExpenses>13323327</TotalExpenses>
      <ExcessOrDeficitForYear>-1077337</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-1077337</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>12245990</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>12245990</RevenueSubtotal>
      <TotalRevenuePerForm990>12245990</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>13323327</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>13323327</ExpensesSubtotal>
      <TotalExpensesPerForm990>13323327</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
      <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>
    </IRS990ScheduleE>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>JOAQUIN HERNANDEZ III</NamePerson>
        <BaseCompensationFilingOrg>136279</BaseCompensationFilingOrg>
        <BonusFilingOrg>0</BonusFilingOrg>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>18093</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>154372</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>DESCRIBE THE PROCESS USED TO REVIEW THE 990?</Identifier>
        <Explanation>DRAFT OF FORM 990 WILL BE DISTRIBUTED ELECTRONICALLY TO ALL BOARD MEMBERS. A PHONE CONFERENCE WILL BE HELD ACCESSIBLE BY ALL BOARD MEMBERS FOR APPROVAL OF THE 990.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DESCRIBE HOW THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AVAILABLE?</Identifier>
        <Explanation>THIS INFORMATION IS CONTAINED ON THE SCHOOL'S WEBSITE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOW DOES THE ORGANIZATION MONITOR AND ENFORCE CONFLICT O/ INT POLICY?</Identifier>
        <Explanation>THE SCHOOL ADVERTISES POSITIONS STAFF VIA E MAIL. THE SCHOOL HAS A LINK ON OUR WEBSITE FOR APPLICANTS WHO ARE INTERESTED IN EMPOYMENT OPPORTUNITIES. THE LINK DIRECTS THE APPLICANT TO THE EDJOIN WEBSITE. THE PERSON CAN COMPLETE AN ONLINE APPLICATION AND VIEW THE JOB POSTING INCLUDING THE REQUIREMENTS, DUTIES, AND PAY. THE POSITION IS ADVERTISED UNTIL IT IS FILLED. THE HIRING MANAGER AND INTERIEW COMMITTEE REVIEW THE APPLICATIONS AND SELECT THEIR APPLICANTS FOR INTERVIEWS. HUMAN RESOURCES AND CEO REVIEW THE RECCOMMENDED CANDIDATE'S APPLICATION AND INTERVIEW NOTES OF THE INTERVIEW COMMITTEE. AFTER REVIEW, APPROVAL IS PROVIDED AND A JOB OFFER IS MADE BY HUMAN RESOURCES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DESCRIBE THE PROCESS FOR DETERMINING THE COMP. FOR TOP OFFICIALS?</Identifier>
        <Explanation>COMPENSATION IS DETERMINED BASED ON THE MARKET, QUALIFICATIONS, AND BUDGET FOR THAT POSITION AND NEEDS OF THE ORGANIZATION. THE ANALYSIS, COMPARISON, AND HIRING OF CEO IS DONE BY THE BOARD OF TRUSTEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS</Identifier>
        <Explanation>THERE WAS AN ADJUSTMENT MADE TO THE ENDING BALANCE AT 6/30/11 OF 600.00</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>ACCELERATED CHARTER ELEMENTARY SCHOOL</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>116 E MARTIN LUTHER KING BLVD</AddressLine1>
          <City>LOS ANGELES</City>
          <State>CA</State>
          <ZIPCode>90011</ZIPCode>
        </AddressUS>
        <EIN>870772038</EIN>
        <PrimaryActivities>SCHOOL</PrimaryActivities>
        <LegalDomicileState>CA</LegalDomicileState>
        <PublicCharityStatus>2</PublicCharityStatus>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>WALLIS ANNENBERG HIGH SCHOOL</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>116 E MARTIN LUTHER KING BLVD</AddressLine1>
          <City>LOS ANGELES</City>
          <State>CA</State>
          <ZIPCode>90011</ZIPCode>
        </AddressUS>
        <EIN>870772042</EIN>
        <PrimaryActivities>SCHOOL</PrimaryActivities>
        <LegalDomicileState>CA</LegalDomicileState>
        <PublicCharityStatus>2</PublicCharityStatus>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>THE ACCELERATED SCHOOL FOUNDATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>116 E MARTIN LUTHER KING JR BLVD</AddressLine1>
          <City>LOS ANGELES</City>
          <State>CA</State>
          <ZIPCode>90011</ZIPCode>
        </AddressUS>
        <EIN>260870221</EIN>
        <PrimaryActivities>FOUNDATION</PrimaryActivities>
        <LegalDomicileState>CA</LegalDomicileState>
        <PublicCharityStatus>2</PublicCharityStatus>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>