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        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartVI>
        <Identifier>PURPOSE OF ISSUE DESCRIPTION</Identifier>
        <ReturnReference>SCHEDULE K</ReturnReference>
        <Explanation>INDUSTRIAL DEV AUTHORITY OF PIMA CT SERVICE RESERVE FUND AND FOR THE PAYMENT OF LOAN ISSUANCE COSTS INDUSTRIAL DEV AUTHORITY OF PIMA CT SERVICE RESERVE FUND AND FOR THE PAYMENT OF LOAN ISSUANCE COSTS IDA OF THE TOWN OF FLORENCE INC SERVICE RESERVE FUND AND FOR THE PAYMENT OF LOAN ISSUANCE COSTS IDA OF THE TOWN OF FLORENCE INC SERVICE RESERVE FUND AND FOR THE PAYMENT OF LOAN ISSUANCE COSTS IDA OF THE TOWN OF FLORENCE INC SERVICE RESERVE FUND AND FOR THE PAYMENT OF LOAN ISSUANCE COSTS IDA OF THE TOWN OF FLORENCE INC SERVICE RESERVE FUND AND FOR THE PAYMENT OF LOAN ISSUANCE COSTS IDA OF THE TOWN OF FLORENCE INC SERVICE RESERVE FUND AND FOR THE PAYMENT OF LOAN ISSUANCE COSTS</Explanation>
      </Form990ScheduleKPartVI>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="RetDoc10">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>MICHAEL BLOCK</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>DIRECTOR</Relationship>
        <AmountOfTransaction>14544995</AmountOfTransaction>
        <DescriptionOfTransaction>LEASED EMPLOYEE COST</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>MICHAEL BLOCK</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>DIRECTOR</Relationship>
        <AmountOfTransaction>5229599</AmountOfTransaction>
        <DescriptionOfTransaction>MANAGEMENT FEES</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc11">
      <GeneralExplanation>
        <Identifier>ANY SIGNIFICANT NEW PROGRAM SERVICES NOT LISTED ON A PRIOR RETURN</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 2</ReturnReference>
        <Explanation>OPENED 3 NEW SCHOOLS - BASIS CHANDLER, BASIS PEORIA, AND BASIS FLAGSTAFF.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>MANAGEMENT DELEGATED</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 3</ReturnReference>
        <Explanation>BASIS EDUCATIONAL GROUP IS OUR EDUCATIONAL MANAGEMENT COMPANY WHICH OVERSEES ALL OF OUR MANAGEMENT DUTIES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>INTERNAL REVIEW IS COMPLETED BY BASIS SCHOOL, INC'S OPERATIONS DIRECTOR, BASIS EDUCATIONAL GROUPS CO-CEOS, AND WITH BASIS SCHOOL, INC'S BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>BOARD MEMBERS ARE REQUIRED TO SUBMIT THE CONFLICT OF INTEREST STATEMENT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>COMPENSATION IS DETERMINED BY BASIS EDUCATIONAL GROUP, INC., AN OUTSIDE MANAGEMENT COMPANY, AND IS DEPENDENT UPON THE CURRENT YEAR BUDGET.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>COMPENSATION IS DETERMINED BY BASIS EDUCATIONAL GROUP, INC., AN OUTSIDE MANAGEMENT COMPANY, AND IS DEPENDENT UPON THE CURRENT YEAR BUDGET.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>SCHOOL GOVERNING BODY MINUTES ARE AVAILABLE IN THE BUSINESS OFFICE.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>