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        <Total>347841</Total>
        <ProgramServices>292186</ProgramServices>
        <ManagementAndGeneral>55655</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FOOD SERVICE</Description>
        <Total>492890</Total>
        <ProgramServices>492890</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES</Description>
        <Total>629028</Total>
        <ProgramServices>528384</ProgramServices>
        <ManagementAndGeneral>100644</ManagementAndGeneral>
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      <AllOtherExpenses>
        <Total>152908</Total>
        <ProgramServices>128443</ProgramServices>
        <ManagementAndGeneral>24465</ManagementAndGeneral>
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      <TotalFunctionalExpenses>
        <Total>15878101</Total>
        <ProgramServices>13099779</ProgramServices>
        <ManagementAndGeneral>2778322</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <CashNonInterestBearing>
        <BOY>999129</BOY>
        <EOY>1931151</EOY>
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      <SavingsAndTempCashInvestments>
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      <PledgesAndGrantsReceivable>
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        <EOY>0</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
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        <EOY>736768</EOY>
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      <ReceivablesFromOfficersEtc>
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      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <EOY>0</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>993268</BOY>
        <EOY>175327</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>39164803</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>7038794</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>20457987</BOY>
        <EOY>32126009</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <EOY>0</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <BOY>2086490</BOY>
        <EOY>3143197</EOY>
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      <OtherAssetsTotal>
        <BOY>3412218</BOY>
        <EOY>5286188</EOY>
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      <TotalAssets>
        <BOY>28824460</BOY>
        <EOY>43398640</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>1385395</BOY>
        <EOY>2282620</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>14323</BOY>
        <EOY>47003</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>26770000</BOY>
        <EOY>39785000</EOY>
      </TaxExemptBondLiabilities>
      <MortNotesPyblSecuredInvestProp>
        <EOY>923638</EOY>
      </MortNotesPyblSecuredInvestProp>
      <TotalLiabilities>
        <BOY>28169718</BOY>
        <EOY>43038261</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>262852</BOY>
        <EOY>-490028</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>391890</BOY>
        <EOY>850407</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>654742</BOY>
        <EOY>360379</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>28824460</BOY>
        <EOY>43398640</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-294363</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="IRS990ScheduleA" softwareId="11000144" softwareVersion="2011v1.5">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="11000144" softwareVersion="2011v1.5">
      <Land>
        <OtherCostOrOtherBasis>6925299</OtherCostOrOtherBasis>
        <BookValue>6925299</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>16655204</OtherCostOrOtherBasis>
        <Depreciation>4174243</Depreciation>
        <BookValue>12480961</BookValue>
      </Buildings>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>15584300</OtherCostOrOtherBasis>
        <Depreciation>2864551</Depreciation>
        <BookValue>12719749</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>32126009</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>BOND ASSETS</Description>
        <BookValue>5104210</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>5286188</TotalBookValueOtherAssets>
      <TotalRevenue>15583738</TotalRevenue>
      <TotalExpenses>15878101</TotalExpenses>
      <ExcessOrDeficitForYear>-294363</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-294363</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>15583738</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>15583738</RevenueSubtotal>
      <TotalRevenuePerForm990>15583738</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>15878101</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>15878101</ExpensesSubtotal>
      <TotalExpensesPerForm990>15878101</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE" softwareId="11000144" softwareVersion="2011v1.5">
      <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>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</Identifier>
        <Explanation>POLICIES ARE PUBLISHED IN STUDENT HANDBOOKS AND OTHER LITERATURE.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency</Identifier>
        <Explanation>THE SCHOOL RECEIVES EQUALIZATION ASSISTANCE FROM THE STATE OF ARIZONA AND FEDERAL GRANTS PASSED THROUGH BY THE STATE OF ARIZONA.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleK documentId="IRS990ScheduleK.1" softwareId="11000144" softwareVersion="2011v1.5">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>INDUSTRIAL DEVELOPMENT AU</BusinessNameLine1>
        </IssuerName>
        <DateIssued>2010-11-01</DateIssued>
        <IssuePrice>13450000</IssuePrice>
        <DescriptionOfPurpose>BUILDING CONSTRUCTION</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>INDUSTRIAL DEVELOPMENT AUTHORITY OF PIMA COUNTY</BusinessNameLine1>
        </IssuerName>
        <DateIssued>2006-06-13</DateIssued>
        <IssuePrice>28600000</IssuePrice>
        <DescriptionOfPurpose>CAPITAL ACQUISITIONS</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>13450000</TotalProceeds>
        <AmountInReserveFund>500000</AmountInReserveFund>
        <CapitalizedInterest>716016</CapitalizedInterest>
        <RefundingEscrow>1127985</RefundingEscrow>
        <IssuanceCostsFromProceeds>1243750</IssuanceCostsFromProceeds>
        <CapitalExpenditures>1618799</CapitalExpenditures>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>28600000</TotalProceeds>
        <AmountInReserveFund>93829</AmountInReserveFund>
        <RefundingEscrow>2133219</RefundingEscrow>
        <IssuanceCostsFromProceeds>1802474</IssuanceCostsFromProceeds>
        <CapitalExpenditures>24570478</CapitalExpenditures>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <EngageBondCounselContracts>false</EngageBondCounselContracts>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PostIssuanceComplianceProcdrs>false</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
      </Form990ScheduleKPartIV>
      <FedTaxRequirementsCompliance>X</FedTaxRequirementsCompliance>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.5">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>COPIES OF SCHOOL DOCUMENTS AND POLICIES ARE AVAILABLE AT THE SCHOOL'S BUSINESS OFFICE IN MESA, ARIZONA.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>THE BOARD REVIEWS ALL SALARIES AND SALARY SCHEDULES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY THEIR INTEREST AND POSITIONS IN OTHER ORGANIZATIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE IT IS FILED. WHEN THE BOARD IS SATISFIED THAT THE RETURN IS ACCURATE, THE SECRETARY IS AUTHORIZED TO SIGN AND COMPLETE THE 990 FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 4</Identifier>
        <ReturnReference>Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents</ReturnReference>
        <Explanation>ON JUNE 30, 2012, THE SCHOOL CHANGED ITS NAME FROM CHOICE EDUCATION AND DEVELOPMENT CORPORATION TO EDKEY, INC. AND MERGED WITH AN ENTITY KNOWN AS EDKEY, INC PRIOR TO THE MERGER.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR" softwareId="11000144" softwareVersion="2011v1.5">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>EDKEY INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1460 S HORNE</AddressLine1>
          <City>MESA</City>
          <State>AZ</State>
          <ZIPCode>85204</ZIPCode>
        </AddressUS>
        <EIN>202744050</EIN>
        <PrimaryActivities>CHARTER SCHOOL</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>9</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>EDKEY MANAGEMENT INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>1460 S HORNE</AddressLine1>
          <City>MESA</City>
          <State>AZ</State>
          <ZIPCode>85204</ZIPCode>
        </AddressUS>
        <EIN>205338532</EIN>
        <PrimaryActivity>SCHOOL MGMT.</PrimaryActivity>
        <LegalDomicileState>AZ</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>EDKEY INC</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>C</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <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>true</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>EDKEY INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>l</TransactionType>
        <AmountInvolved>107473</AmountInvolved>
        <MethodOfAmtDetermination>TRANSFER PRICE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>