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    <Timestamp>2012-06-18T16:04:23-04:00</Timestamp>
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        <BusinessNameLine1>Maddox &amp; Associates CPAs Inc</BusinessNameLine1>
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        <AddressLine1>1407 Alexandria PIke</AddressLine1>
        <City>FORT THOMAS</City>
        <State>KY</State>
        <ZIPCode>41075</ZIPCode>
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        <BusinessNameLine1>COOPERATIVE FOR EDUCATION</BusinessNameLine1>
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        <City>CINCINNATI</City>
        <State>OH</State>
        <ZIPCode>45209</ZIPCode>
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    <Officer>
      <Name>JOSEPH BERNINGER</Name>
      <Title>VICE PRESIDENT</Title>
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      <Name>W Paul Maddox Jr</Name>
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      <WebSite>WWW.COEDUC.ORG</WebSite>
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      <StateLegalDomicile>OH</StateLegalDomicile>
      <ActivityOrMissionDescription>TO PROVIDE EDUCATIONAL IMPROVEMENT SERVICES AND OTHER CHARITABLE SERVICES TO FINANCIALLY STRESSED COMMUNITIES AND EDUCATIONAL INSTITUTIONS AND EDUCATE NORTH AMERICANS ABOUT GUATEMALA ITS POVERTY AND EDUCATIONAL SERVICES</ActivityOrMissionDescription>
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        <Grants>1717</Grants>
        <Revenue>107457</Revenue>
        <Description>TEXTBOOK COOPERATIVE PROGRAM THE TEXTBOOK COOPERATIVE PROGRAM ESTABLISHED NEW TEXTBOOK COOPERATIVES AND MANAGED EXISTING TEXTBOOK COOPERATIVES WHICH PROVIDE TEXTBOOKS TO STUDENTS FOR A SMALL FEE WHICH IS SAVED TO REPLACE THE TEXTBOOKS SO THE SCHOOLS WILL ALWAYS HAVE TEXTBOOKS FOR THEIR STUDENTS</Description>
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        <Description>SPECIAL PROJECTS</Description>
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        <Description>GENERAL PROGRAM EXPENSES</Description>
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        <ManagementAndGeneral>4400</ManagementAndGeneral>
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      <FeesForServicesOther>
        <Total>85859</Total>
        <ProgramServices>70830</ProgramServices>
        <ManagementAndGeneral>581</ManagementAndGeneral>
        <Fundraising>14448</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>7087</Total>
        <ProgramServices>4296</ProgramServices>
        <ManagementAndGeneral>107</ManagementAndGeneral>
        <Fundraising>2684</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>74187</Total>
        <ProgramServices>50643</ProgramServices>
        <ManagementAndGeneral>9995</ManagementAndGeneral>
        <Fundraising>13549</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>5938</Total>
        <ProgramServices>4226</ProgramServices>
        <ManagementAndGeneral>909</ManagementAndGeneral>
        <Fundraising>803</Fundraising>
      </InformationTechnology>
      <Occupancy>
        <Total>51296</Total>
        <ProgramServices>44574</ProgramServices>
        <ManagementAndGeneral>3571</ManagementAndGeneral>
        <Fundraising>3151</Fundraising>
      </Occupancy>
      <Travel>
        <Total>83658</Total>
        <ProgramServices>81768</ProgramServices>
        <ManagementAndGeneral>816</ManagementAndGeneral>
        <Fundraising>1074</Fundraising>
      </Travel>
      <ConferencesMeetings>
        <Total>11600</Total>
        <ProgramServices>8805</ProgramServices>
        <ManagementAndGeneral>1241</ManagementAndGeneral>
        <Fundraising>1554</Fundraising>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>29938</Total>
        <ProgramServices>27928</ProgramServices>
        <ManagementAndGeneral>1068</ManagementAndGeneral>
        <Fundraising>942</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>6535</Total>
        <ProgramServices>3434</ProgramServices>
        <ManagementAndGeneral>3101</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>BOOKS FOR SCHOOL</Description>
        <Total>182299</Total>
        <ProgramServices>182299</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>COMPUTER CENTERS EQUIPMENT</Description>
        <Total>123084</Total>
        <ProgramServices>123084</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SCHOOL SUPPLIES</Description>
        <Total>27953</Total>
        <ProgramServices>27953</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EDUCATION TOURS TRAVEL EXPEN</Description>
        <Total>97644</Total>
        <ProgramServices>97644</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>44596</Total>
        <ProgramServices>44378</ProgramServices>
        <ManagementAndGeneral>218</ManagementAndGeneral>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>1977123</Total>
        <ProgramServices>1720568</ProgramServices>
        <ManagementAndGeneral>126301</ManagementAndGeneral>
        <Fundraising>130254</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>84543</BOY>
        <EOY>1184159</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>1059679</BOY>
        <EOY>6100</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>78000</BOY>
        <EOY>761897</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>29100</BOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>2999</BOY>
        <EOY>4942</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>410608</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>273558</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>95322</BOY>
        <EOY>137050</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>943738</BOY>
        <EOY>1221893</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>2293381</BOY>
        <EOY>3316041</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>113319</BOY>
        <EOY>143887</EOY>
      </AccountsPayableAccruedExpenses>
      <EscrowAccountLiability>
        <BOY>994849</BOY>
        <EOY>1146374</EOY>
      </EscrowAccountLiability>
      <TotalLiabilities>
        <BOY>1108168</BOY>
        <EOY>1290261</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1106213</BOY>
        <EOY>1262883</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>78000</BOY>
        <EOY>761897</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>1000</BOY>
        <EOY>1000</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1185213</BOY>
        <EOY>2025780</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>2293381</BOY>
        <EOY>3316041</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>840567</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>false</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="990A">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>1457180</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1517556</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1306124</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1641369</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2291945</CurrentTaxYear>
        <Total>8214174</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>1457180</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1517556</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1306124</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1641369</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2291945</CurrentTaxYear>
        <Total>8214174</Total>
      </Total170>
      <AmountsSubstContributorsTotal>581944</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>7632230</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>49778</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>33756</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>13563</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>11481</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>6644</CurrentTaxYear>
        <Total>115222</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>49094</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>162912</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>90506</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>102897</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>71249</CurrentTaxYear>
        <Total>476658</Total>
      </OtherIncome170>
      <TotalSupport>8806054</TotalSupport>
      <PublicSupportPertcentage170>0.86670</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.91290</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <FactsAndCircumstancesTest>Supported organization provisions Part I line 1h col vii MONEY RECEIVED FROM PARTICIPANTS FOR EDUCATION TOURS TO RAISE AWARENESS OF THE POVERTY AND LIFE IN GUATEMALA AND TO SHOWCASE THE PROGRAMS WE PROVIDE</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="990B">
      <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="990D">
      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <BeginningBalance>994849</BeginningBalance>
      <AdditionsDuringYear>435547</AdditionsDuringYear>
      <DistributionsDuringYear>284022</DistributionsDuringYear>
      <EndingBalance>1146374</EndingBalance>
      <IncludedOnFS>true</IncludedOnFS>
      <CurrentYear>
        <BeginningOfYearBalance>1000</BeginningOfYearBalance>
        <EndOfYearBalance>1000</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <Contributions>1000</Contributions>
        <EndOfYearBalance>1000</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>1.00000</BoardDesignatedEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>62584</OtherCostOrOtherBasis>
        <BookValue>62584</BookValue>
      </Land>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>9600</OtherCostOrOtherBasis>
        <BookValue>9600</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>110095</OtherCostOrOtherBasis>
        <Depreciation>76359</Depreciation>
        <BookValue>33736</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>228329</OtherCostOrOtherBasis>
        <Depreciation>197199</Depreciation>
        <BookValue>31130</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>137050</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>SCHOOL DEPOSITS HELD IN TRUST</Description>
        <BookValue>1221893</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>1221893</TotalBookValueOtherAssets>
      <TotalRevenue>2817690</TotalRevenue>
      <TotalExpenses>1977123</TotalExpenses>
      <ExcessOrDeficitForYear>840567</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>840567</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>2879335</TotRevenueEtcAuditedFinclStmt>
      <DonatedSrvcAndUseOfFacilities>61645</DonatedSrvcAndUseOfFacilities>
      <RevenueNotRptdF990>61645</RevenueNotRptdF990>
      <RevenueSubtotal>2817690</RevenueSubtotal>
      <TotalRevenuePerForm990>2817690</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2038768</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>61645</DonatedServicesUseOfFacilities>
      <ExpensesNotRptdF990>61645</ExpensesNotRptdF990>
      <ExpensesSubtotal>1977123</ExpensesSubtotal>
      <TotalExpensesPerForm990>1977123</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Escrow account liability Part IV line 2b</Identifier>
        <Explanation>SCHOOL DEPOSITS HELD IN TRUST-PROCEEDS FOR BOOK RENTAL AND COMPUTER USAGE FEES RECEIVED FROM PROGRAM PARTICIPANTS ARE ESCROWED IN A SEPARATE ACCOUNT FOR USE IN REPLACING BOOKS OR COMPUTER EQUIPMENT AS THEY BECOME WORN OUT OR OUTDATED THE BALANCE REFLECTS THE DEPOSITS RECEIVED FROM STUDENTS FOR THE USE OF THE TEXTBOOKS AND COMPUTERS</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="990F">
      <GrantRecordsMaintained>true</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>CENTRAL AMERICA AND THE CARIBB</Region>
        <NumberOfOffices>1</NumberOfOffices>
        <NumberOfEmployees>28</NumberOfEmployees>
        <TypeOfActivitiesConducted>PROGRAM SERVICES</TypeOfActivitiesConducted>
        <SpecificServicesProvided>EDUCATION</SpecificServicesProvided>
        <TotalExpenditures>781096</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalNumberOfOffices>1</SubtotalNumberOfOffices>
      <SubtotalNumberOfEmployees>28</SubtotalNumberOfEmployees>
      <TotalNumberOfOffices>1</TotalNumberOfOffices>
      <TotalNumberOfEmployees>28</TotalNumberOfEmployees>
      <SubtotalAmountSpent>781096</SubtotalAmountSpent>
      <TotalAmountSpent>781096</TotalAmountSpent>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>SCHOLARSHIPS</TypeOfAssistance>
        <Region>CENTRAL AMERICA AND</Region>
        <NumberOfRecipients>74</NumberOfRecipients>
        <AmountOfCashGrant>27098</AmountOfCashGrant>
        <MannerOfCashDisbursement>CHECK</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <TransferToForeignCorp>false</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>false</OwnForeignCorp>
      <PassiveForeignInvestCo>false</PassiveForeignInvestCo>
      <ForeignPartnership>false</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="990G">
      <EventsInformation>
        <NameOfEvent1>FF CINCINNAT</NameOfEvent1>
        <GrossReceiptsEvent1>110523</GrossReceiptsEvent1>
        <GrossRevenueEvent1>110523</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>17568</RentFacilityCostsEvent1>
        <OtherDirectExpensesEvent1>7097</OtherDirectExpensesEvent1>
        <NameOfEvent2>FF ATLANTA</NameOfEvent2>
        <GrossReceiptsEvent2>95540</GrossReceiptsEvent2>
        <GrossRevenueEvent2>95540</GrossRevenueEvent2>
        <OtherDirectExpensesEvent2>20800</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>1</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>1678</GrossReceiptsOtherEvents>
        <GrossRevenueOtherEvents>1678</GrossRevenueOtherEvents>
        <OtherDirectExpensesOtherEvents>1756</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>207741</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>207741</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>17568</RentFacilityCostsTotalEvents>
        <OtherDirectExpensesTotalEvents>29653</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>47221</DirectExpenseSummaryEvents>
        <NetIncomeSummary>160520</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleL documentId="990L">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>JEFFREY BERNINGER</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>PRESIDENT</Relationship>
        <DescriptionOfTransaction>LEASE OF OFFICE SPAC</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>REBECCA GUERIN</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>SPOUSE OF CEO</Relationship>
        <DescriptionOfTransaction>GRANT WRITING</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>JOHANNA BERNINGER</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>SPOUSE OF PRESIDENT</Relationship>
        <DescriptionOfTransaction>CONSULTANT</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="990O">
      <GeneralExplanation>
        <Identifier>01. Officer, directors, etc. family relationship (Part VI, line 2)</Identifier>
        <Explanation>JOSEPH BERNINGER VICE PRESIDENT AND EXECUTIVE DIRECTOR AND JEFFREY BERNINGER PRESIDENT AND DIRECTOR OF INTERNATIONAL PROGRAMS AND GUATEMALA CEO ARE BROTHERS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>02. Form 990 governing body review (Part VI, line 11)</Identifier>
        <Explanation>FORM 990 IS PROVIDED TO THE PRESIDENT AND VICE PRESIDENT AND REVIEWED BY THE TREASURER BEFORE FILING</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>03. Conflict of interest policy compliance (Part VI, line 12c)</Identifier>
        <Explanation>FINANCIAL TRANSACTIONS ARE REVIEWED TO DETERMINE WHETHER THEY INCLUDE A RELATED PARTY TRANSACTION AND IF SO ARE DISCLOSED TO THE CONTROLLER BOARD FINANCE COMMITTEE AND INDEPENDENT AUDITOR</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>04. CEO, executive director, top management comp (Part VI, line 15a)</Identifier>
        <Explanation>BOARD FINANCE COMMITTEE REVIEWS INDEPENDENT STUDIES OF NON PROFIT COMPENSATION AND DETERMINES THE APPROPRIATE SALARIES THE PROPOSED SALARIES ARE PRESENTED TO THE BOARD FOR APPROVAL</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>05. Other officer or key employee compensation (Part VI, line 15b</Identifier>
        <Explanation>BOARD FINANCE COMMITTEE REVIEWS INDEPENDENT STUDIES OF NON PROFIT COMPENSATION AND DETERMINES THE APPROPRIATE SALARIES THE PROPOSED SALARIES ARE PRESENTED TO THE BOARD FOR APPROVAL</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>06. Governing documents, etc, available to public (Part VI, line 19)</Identifier>
        <Explanation>DOCUMENTS ARE MADE AVAILABLE UPON REQUEST</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>