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      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
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      <IncludedOnFS>false</IncludedOnFS>
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        <BookValue>223747</BookValue>
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        <Identifier>RECONCILIATION OF CHANGES - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XI, LINE 8</ReturnReference>
        <Explanation>EXPENSES INCLUDED IN REVENUE FOR REPORTING 1,050 EXPENSES INCLUDED IN REVENUE FOR REPORTING -1,050</Explanation>
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        <Explanation>EXPENSES INCLUDED IN REVENUE FOR REPORTING 1,050</Explanation>
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        <Explanation>EXPENSES INCLUDED IN REVENUE FOR REPORTING 1,050</Explanation>
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      <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>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 6</ReturnReference>
        <Explanation>THE INTOWN ACADEMY RECEIVES FEDERAL GRANTS USED FOR ONGOING ACTIVITES</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc7">
      <MailSolicitations>X</MailSolicitations>
      <EmailSolicitations>X</EmailSolicitations>
      <PhoneSolicitations>X</PhoneSolicitations>
      <InPersonSolicitations>X</InPersonSolicitations>
      <SolicitationOfNonGovtGrants>X</SolicitationOfNonGovtGrants>
      <SolicitationOfGovtGrants>X</SolicitationOfGovtGrants>
      <AgreementRefFundraising>true</AgreementRefFundraising>
      <FundraiserActivityInformation>
        <NameOfOrganization>
          <BusinessNameLine1>COXE CURRY &amp; ASSOCIATES</BusinessNameLine1>
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          <AddressLine1>50 HURT PLAZA SE 630</AddressLine1>
          <City>ATLANTA</City>
          <State>GA</State>
          <ZIPCode>30303</ZIPCode>
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        <Activity>MARKETING</Activity>
        <FundraiserControlOfFunds>false</FundraiserControlOfFunds>
        <GrossReceipts>30182</GrossReceipts>
        <AmountRetainedByContractor>30182</AmountRetainedByContractor>
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      <TotalRetainedByContractors>30182</TotalRetainedByContractors>
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      <RecipientTable>
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          <BusinessNameLine1>THE INTOWN ACADEMY PTO INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>386 PINE STREET</AddressLine1>
          <City>ATLANTA</City>
          <State>GA</State>
          <ZIPCode>30308</ZIPCode>
        </AddressUS>
        <EINOfRecipient>273462722</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>6192</AmountOfCashGrant>
        <PurposeOfGrant>EDUCATION</PurposeOfGrant>
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    <IRS990ScheduleL documentId="RetDoc9">
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        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>ASPIRE BUSINESS SOLUTIONS GROUP LLC</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>SEE PART V</Relationship>
        <AmountOfTransaction>14500</AmountOfTransaction>
        <DescriptionOfTransaction>CONSULTING</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartV>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE L PART V</ReturnReference>
        <Explanation>ASPIRE BUSINESS SOLUTIONS GROUP LLC IS OWNED BY LEAH MCLEOD THE ACADEMYS BOARD CHAIR FOR THE FISCAL YEAR ENDING JUNE 30 2011</Explanation>
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    <IRS990ScheduleO documentId="RetDoc10">
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990</ReturnReference>
        <Explanation>PART I, LINE I (CONTINUED) INNOVATIVE, COMMUNITY BASED PUBLIC SCHOOL SETTING, AND TO CREATE AN EDUCATIONAL CENTER OF EXCELLENCE THAT EMBODIES THE DIVERSITY, CREATIVITY, AND THE GLOBAL ENTERPRENEURIAL CHARACTER OF THE SURROUNDING INTOWN COMMUNITIES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS</Identifier>
        <ReturnReference>FORM 990, PAGE 1, PART I, LINE 6</ReturnReference>
        <Explanation>VOLUNTEERS AND THEIR HOURS ARE TRACKED THROUGH A KIOSK STATION AT THE SCHOOL. THE SOFTWARE TRACKS THEIR NAME, DATE, TIME THEY SIGNED IN AND OUT, AND THE PURPOSE OF THEIR VISIT. 30 VOLUNTEERS HELPED IN A VARIETY OF EDUCATION RELATED ACTIVITIES INCLUDING TUTORING AND TEACHER AIDE. VOLUNTEERS ALSO HELPED AFTER HOURS TO PAINT THE SCHOOL. VOLUNTEERS LOGGED A TOTAL OF 1,984 HOURS DURING THE FISCAL YEAR.</Explanation>
      </GeneralExplanation>
      <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>LAST YEAR THE INTOWN ACADEMY WAS NOT IN OPERATION. THEREFOR THE PROGRAM SERVICE ACCOMPLISHMENT IS NEW FOR THE FISCAL YEAR ENDING JUNE 30, 2011.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>MANAGEMENT DELEGATED</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 3</ReturnReference>
        <Explanation>THE INTOWN ACADEMY CONTRACTS EDISON LEARNING AS ITS EDUCATION MANAGEMENT COMPANY TO SUPERVISE THE DAILY OPERATIONS OF THE SCHOOL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>THE FINANCE &amp; AUDIT CHAIR AND TAX PREPARER (GIFFORD, HILLEGASS &amp; INGWERSEN, LLP) PREPARED THE 990. IT WAS THEN GIVEN TO THE FINANCE &amp; AUDIT COMITTEE &amp; THE OPERATIONS MANAGER FOR REVIEW. ONCE REVIEWED IT WAS DISTRIBUTED TO THE ENTIRE GOVERNING BOARD PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>ALL BOARD MEMBERS ARE COVERED UNDER THE POLICY, AND THE BOARD HAS A FORM EACH MEMBER FILLS OUT ONCE A YEAR DISCLOSING ANY CONFLICTS OF INTEREST. ALSO OUR GOVERNANCE COMMITTEE INVESTIGATES, FOLLOWS UP, AND RULES ACCORDINGLY OVER ANY PERCEIVED CONFLICTS OF INTEREST. IF THERE IS ANY PERCEIVED OR KNOWN CONFLICT OF INTEREST SURROUNDING A BOARD MEMBER AND DELIBERATIONS/VOTES ARE INVOLVED, THE BOARD WOULD EXCUSE THE BOARD MEMBER FROM THOSE DELIBERATIONS/VOTES. IF THAT PERCEIVED OR KNOWN CONFLICT OF INTEREST WAS NOT ALREADY DISCLOSED PER OUR FORM, THEN IT WOULD BE VIEWED AS AN INFRACTION OF THE STATEMENT OF PERSONAL AND PROFESSIONAL STANDARDS OF CONDUCT AND WOULD BE REPORTED AS IDENTIFIED IN OUR POLICY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>PRIOR TO THE BEGINNING OF EACH SCHOOL YEAR, THE BOARD OF DIRECTORS WORK WITH THE EDUCATION MANAGEMENT COMPANY TO DETERMINE THE SALARY OF THE PRINCIPAL, WHO IS THE LEADER OF THE SCHOOL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>PRIOR TO THE BEGINNING OF EACH SCHOOL YEAR, THE BOARD OF DIRECTORS WORK WITH THE EDUCATION MANAGEMENT COMPANY TO DETERMINE THE SALARY OF THE PRINCIPAL, WHO IS THE LEADER OF THE SCHOOL. THE PRINCIPAL THEN WORKS WITH THE EDUCATION MANAGEMENT COMPANY TO DETERMINE THE SALARIES OF THE REST OF THE STAFF.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>A COPY OF THE BOARD MINUTES ARE KEPT IN A BINDER IN THE MAIN OFFICE OF THE SCHOOL. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
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</Return>