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      <AccountsPayableAccruedExpenses>
        <BOY>691278</BOY>
        <EOY>672318</EOY>
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      <DeferredRevenue>
        <BOY>285021</BOY>
        <EOY>354079</EOY>
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      <TaxExemptBondLiabilities>
        <EOY>5240000</EOY>
      </TaxExemptBondLiabilities>
      <MortNotesPyblSecuredInvestProp>
        <BOY>5742713</BOY>
        <EOY>332093</EOY>
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      <TotalLiabilities>
        <BOY>6719012</BOY>
        <EOY>6598490</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>5068553</BOY>
        <EOY>5531935</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <EOY>8075</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>5068553</BOY>
        <EOY>5540010</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>11787565</BOY>
        <EOY>12138500</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>396457</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>75000</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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    <IRS990ScheduleA documentId="00000002" softwareId="10000104">
      <School170b1Aii>X</School170b1Aii>
      <PublicSupportTotal170>0</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <Total>0</Total>
      </GrossInvestmentIncome170>
      <PublicSupportPertcentage170>0</PublicSupportPertcentage170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
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    <IRS990ScheduleB documentId="00000003">
      <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>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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    <IRS990ScheduleD documentId="00000004" softwareId="10000104">
      <Land>
        <InvestmentCostOrOtherBasis>3330150</InvestmentCostOrOtherBasis>
        <BookValue>3330150</BookValue>
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      <Buildings>
        <InvestmentCostOrOtherBasis>2090491</InvestmentCostOrOtherBasis>
        <Depreciation>475184</Depreciation>
        <BookValue>1615307</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <InvestmentCostOrOtherBasis>2669794</InvestmentCostOrOtherBasis>
        <Depreciation>536526</Depreciation>
        <BookValue>2133268</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <InvestmentCostOrOtherBasis>4092090</InvestmentCostOrOtherBasis>
        <Depreciation>2421799</Depreciation>
        <BookValue>1670291</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>981584</InvestmentCostOrOtherBasis>
        <Depreciation>407574</Depreciation>
        <BookValue>574010</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>9323026</TotalOfBookValueLandBuildings>
      <TotalRevenue>6551182</TotalRevenue>
      <TotalExpenses>6154725</TotalExpenses>
      <ExcessOrDeficitForYear>396457</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>396457</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>6551182</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>6551182</RevenueSubtotal>
      <TotalRevenuePerForm990>6551182</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>6154725</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>6154725</ExpensesSubtotal>
      <TotalExpensesPerForm990>6154725</TotalExpensesPerForm990>
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    <IRS990ScheduleE documentId="00000005" softwareId="10000104">
      <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>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Line 3</Identifier>
        <Explanation>POLICY IS NOTICED IN ALL ADVERTISING REGARDLESS OF MEDIA</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleI documentId="00000006" softwareId="10000104">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Scholarship</TypeOfGrant>
        <NumberOfRecipients>6</NumberOfRecipients>
        <AmountOfCashGrant>7500</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>Need based scholarship funds to students for living expenses</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="00000007">
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <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>RICHARD KOBRITZ</NamePerson>
        <BaseCompensationFilingOrg>166186</BaseCompensationFilingOrg>
        <BonusFilingOrg>60091</BonusFilingOrg>
        <NontaxableBenefitsFilingOrg>16500</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>242777</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>183663</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>THEODORE O'KARMA</NamePerson>
        <BaseCompensationFilingOrg>157889</BaseCompensationFilingOrg>
        <BonusFilingOrg>55628</BonusFilingOrg>
        <NontaxableBenefitsFilingOrg>16500</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>230017</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>211206</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>RICHARD CROWE</NamePerson>
        <BaseCompensationFilingOrg>153718</BaseCompensationFilingOrg>
        <BonusFilingOrg>49361</BonusFilingOrg>
        <NontaxableBenefitsFilingOrg>16500</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>219579</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>166046</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="00000008" softwareId="10000104">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>COLUMBIA COLLEGE HOLLYWOOD</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>952077629</IssuerEIN>
        <CUSIPNumber>13033W6MO</CUSIPNumber>
        <DateIssued>2010-10-01</DateIssued>
        <IssuePrice>5240000</IssuePrice>
        <DescriptionOfPurpose>Refinance Debt</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>5240000</TotalProceeds>
        <OtherSpentProceeds>5240000</OtherSpentProceeds>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>false</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="00000009" softwareId="10000104">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>WILLIAM WALKER</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Trustee</Relationship>
        <AmountOfTransaction>12000</AmountOfTransaction>
        <DescriptionOfTransaction>CONSULTING FEE</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="00000010" softwareId="10000104">
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 11a</Identifier>
        <Explanation>REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 12c</Identifier>
        <Explanation>DISCUSSED AND MONITORED AT BOARD OF TRUSTEE MEETINGS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 15</Identifier>
        <Explanation>COMPENSATION COMMITEE AND SURVEY/STUDY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 19</Identifier>
        <Explanation>UPON REQUEST</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>ACCOUNTS RECEIVABLE - NET INVENTORIES PREPAIDS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>ACCOUNTS PAYABLE &amp; ACCRUED EXPENSES DEFERRED REVENUE BONDS, MORTGAGES &amp; OTHER NOTES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>EMPLOYEE SERVICES 3895. 3895. LICENSES &amp; PERMITS 27315. 27315. AUTOMOBILE 42705. 42705. EQUIPMENT RENTAL 25180. 25180. BANK CHARGES 49471. 49471. DUES &amp; SUBSCRIPTIONS 25707. 25707. LETTER OF CREDIT FEES 60215. 60215. TELEPHONE 22601. 22601. SAFETY &amp; SECURITY 30901. 30901. OTHER 5761. 5761. INDIRECT ALLOCATION 0. 1542362. -1542362.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>