﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-10-16T11:49:27-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>THOMAS STEPHEN &amp; CO LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>3102 OAK LAWN STE 800LB101</AddressLine1>
        <City>DALLAS</City>
        <State>TX</State>
        <ZIPCode>752194241</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>340787715</EIN>
      <Name>
        <BusinessNameLine1>American Board of Obstetrics &amp;</BusinessNameLine1>
        <BusinessNameLine2>Gynecology Inc</BusinessNameLine2>
      </Name>
      <NameControl>AMER</NameControl>
      <Phone>2148711619</Phone>
      <USAddress>
        <AddressLine1>2915 Vine Street</AddressLine1>
        <City>Dallas</City>
        <State>TX</State>
        <ZIPCode>75204</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>LARRY C GILSTRAP III MD</Name>
      <Title>Executive Direc</Title>
      <DateSigned>2012-10-16</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Thomas V Stephen</Name>
      <Phone>2148242556</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.2">
      <NameOfPrincipalOfficerPerson>LARRY C GILSTRAP III MD</NameOfPrincipalOfficerPerson>
      <GrossReceipts>13950210</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <AllAffiliatesIncluded>false</AllAffiliatesIncluded>
      <Organization501c typeOf501cOrganization="6">X</Organization501c>
      <WebSite>N/A</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1930</YearFormation>
      <StateLegalDomicile>DE</StateLegalDomicile>
      <ActivityOrMissionDescription>TESTING AND MAINTAINING STANDARDS FOR CERTIFICATION OF PHYSICIANS PRACTICING IN THE AREA OF OBSTETRICS AND GYNECOLOGY.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>19</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>0</NbrIndependentVotingMembers>
      <TotalNbrEmployees>31</TotalNbrEmployees>
      <TotalGrossUBI>31350</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>30350</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsCurrentYear>0</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>13581995</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>12878096</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>660317</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>506155</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>36415</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>31350</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>14278727</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>13415601</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>1356993</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>1410000</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>4457901</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>5217458</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>5010942</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>4767399</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>10825836</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>11394857</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>3452891</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>2020744</RevenuesLessExpensesCY>
      <TotalAssetsBOY>33460369</TotalAssetsBOY>
      <TotalAssetsEOY>35969771</TotalAssetsEOY>
      <TotalLiabilitiesBOY>2640504</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>4131638</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>30819865</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>31838133</NetAssetsOrFundBalancesEOY>
      <MissionDescription>TESTING AND MAINTAINING STANDARDS FOR CERTIFICATION OF PHYSICIANS PRACTICING IN THE AREA OF OBSTETRICS AND GYNECOLOGY.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>6463492</Expense>
      <Grants>1410000</Grants>
      <Revenue>10722140</Revenue>
      <Description>BASIC BOARD - PREPARATION, ADMINISTRATION, AND MAINTENANCE OF RECORDS OF EXAMINATIONS TAKEN BY PHYSICIANS AS PROOF OF CONTINUING EDUCATION IN THE FIELD OF OBSTETRICS AND GYNECOLOGY.</Description>
      <Activity2>
        <Expense>2493333</Expense>
        <Revenue>2155956</Revenue>
        <Description>SPECIALTY COMPETENCE EXAMINATIONS - ONCOLOGY, MATERNAL FETAL MEDICINE, AND REPRODUCTIVE ENDOCRINOLOGY.</Description>
      </Activity2>
      <TotalProgramServiceExpense>8956825</TotalProgramServiceExpense>
      <DescribedIn501C3>false</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="IRS990ScheduleD">true</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="IRS990ScheduleD">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="IRS990ScheduleD">true</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="IRS990ScheduleD">true</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="IRS990ScheduleD">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="IRS990ScheduleI">true</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="IRS990ScheduleI">false</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="IRS990ScheduleR">false</DisregardedEntity>
      <RelatedEntity referenceDocumentId="IRS990ScheduleR">true</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity referenceDocumentId="IRS990ScheduleR">false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg referenceDocumentId="IRS990ScheduleR">false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership referenceDocumentId="IRS990ScheduleR">false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>374</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>31</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>false</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>true</UnrelatedBusinessIncome>
      <Form990-TFiled>true</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <Form8886TFiled>false</Form8886TFiled>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <NonDeductibleDisclosure>false</NonDeductibleDisclosure>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <FiledLieu1041>false</FiledLieu1041>
      <LicensedMoreThanOneState>false</LicensedMoreThanOneState>
      <IndoorTanningServices>false</IndoorTanningServices>
      <Form720Filed>false</Form720Filed>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>19</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>0</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <PoliciesReferenceChapters>false</PoliciesReferenceChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <WrittenPolicyOrProcedure>false</WrittenPolicyOrProcedure>
      <OtherWebsite>X</OtherWebsite>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>DAVID STEINER</NamePerson>
        <TelephoneNumber>2148711619</TelephoneNumber>
        <AddressUS>
          <AddressLine1>2915 Vine Street</AddressLine1>
          <City>Dallas</City>
          <State>TX</State>
          <ZIPCode>75204</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>CATHY CASH</NamePerson>
        <Title>FELLOWSHIP CORD</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <ReportableCompFromOrganization>109767</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>26387</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARSHA MARKHAM</NamePerson>
        <Title>MOC DEPT MGR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <ReportableCompFromOrganization>113404</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>26513</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARY JOHNSON</NamePerson>
        <Title>CERT MANAGER</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <ReportableCompFromOrganization>108259</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>16127</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JAMES M HAYS</NamePerson>
        <Title>Educ Associate</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <ReportableCompFromOrganization>116246</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>27336</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GEORGE D WENDEL JR</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RALPH K TAMURA</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>12000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MICHAEL L SOCOL</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ROBERT S SCHENKEN</NamePerson>
        <Title>Treasurer</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ANDREW SATIN</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>STEPHEN C RUBIN</NamePerson>
        <Title>DIREC &amp; REPRESE</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SUSAN M RAMIN</NamePerson>
        <Title>DIREC &amp; REPRESE</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LAUREL WRICE</NamePerson>
        <Title>DIREC &amp; REPRESE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>12000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KENNETH L NOLLER</NamePerson>
        <Title>DIREC OF EVALUA</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>470003</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>49180</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DIANE M Hartmann</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>12000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVID M GERSHENSON</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WESLEY C FOWLER</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>18000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JAMES E FERGUSON</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DEBORAH A DRISCOLL</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GEORGE A MACONES</NamePerson>
        <Title>DIREC &amp; REPRESE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>12000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HOWARD A BLANCHETTE</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SANDRA A CARSON</NamePerson>
        <Title>Vice President</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHRISTOPHER M ZAHN</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DEE FENNER</NamePerson>
        <Title>DIREC &amp; REPRESE</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LARRY J COPELAND</NamePerson>
        <Title>President</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FRANK W LING</NamePerson>
        <Title>Chairman</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>24000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LARRY C GILSTRAP III</NamePerson>
        <Title>Executive Direc</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>552099</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>14700</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BARRY HORNBURG</NamePerson>
        <Title>CHIEF INFo officer</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>205398</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>37817</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVID STEINER</NamePerson>
        <Title>CAO/CFO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>184484</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>34180</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>J KAY NELSON</NamePerson>
        <Title>exam publisher</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>122796</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>27156</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Laurie Daniels</NamePerson>
        <Title>Asst Exec Director</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>364904</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>21939</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALVIN L BREKKEN MD</NamePerson>
        <Title>Asst to Ex Direct</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>263548</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>14700</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>3036908</TotalReportableCompFromOrg>
      <TotalOtherCompensation>296035</TotalOtherCompensation>
      <NumberIndividualsGT100K>24</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>MARI-KATHRYN BRASWELL</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 28</AddressLine1>
            <City>FORESTBURG</City>
            <State>TX</State>
            <ZIPCode>76239</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONTRACTED COMPTROLL</DescriptionOfServices>
        <Compensation>119107</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>NCS Pearson Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>5601 Green Valley Drive</AddressLine1>
            <City>Bloomington</City>
            <State>MN</State>
            <ZIPCode>55437</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>testing facilities</DescriptionOfServices>
        <Compensation>190360</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Jim Henry Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>435 Thirty-Seventh Avenue</AddressLine1>
            <City>St Charles</City>
            <State>IL</State>
            <ZIPCode>60174</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>printing &amp; mailing</DescriptionOfServices>
        <Compensation>797640</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>BSG Meetings &amp; Incentives LLC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>1900 Preston Road STE 267</AddressLine1>
            <City>Plano</City>
            <State>TX</State>
            <ZIPCode>75093</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Event &amp; meeting coor</DescriptionOfServices>
        <Compensation>1004395</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>4</NumberOfContractorsGT100K>
      <TotalContributions>0</TotalContributions>
      <ProgramServiceRevenue>
        <Description>FELLOWSHIP &amp; DIPLOMAT FEE</Description>
        <BusinessCode>621990</BusinessCode>
        <TotalRevenueColumn>584620</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>584620</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>EXAMINATION FEES</Description>
        <BusinessCode>621990</BusinessCode>
        <TotalRevenueColumn>2155956</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2155956</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>APPLICATION FEES</Description>
        <BusinessCode>621990</BusinessCode>
        <TotalRevenueColumn>10137520</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>10137520</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>12878096</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>595819</TotalRevenueColumn>
        <ExclusionAmount>595819</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetRentalIncomeOrLoss>
      <GrossAmountSalesAssets>
        <Securities>415230</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>504894</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>-89664</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-89664</TotalRevenueColumn>
        <ExclusionAmount>-89664</ExclusionAmount>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <GrossSalesOfInventory>61065</GrossSalesOfInventory>
      <CostOfGoodsSold>29715</CostOfGoodsSold>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>31350</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>31350</UnrelatedBusinessRevenue>
      </NetIncomeOrLoss>
      <TotalOtherRevenue>0</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>13415601</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>12878096</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>31350</UnrelatedBusinessRevenue>
        <ExclusionAmount>506155</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>1410000</Total>
        <ProgramServices>1410000</ProgramServices>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>2395739</Total>
        <ProgramServices>1796804</ProgramServices>
        <ManagementAndGeneral>598935</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>1966642</Total>
        <ProgramServices>1474982</ProgramServices>
        <ManagementAndGeneral>491660</ManagementAndGeneral>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>112667</Total>
        <ProgramServices>84500</ProgramServices>
        <ManagementAndGeneral>28167</ManagementAndGeneral>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>552916</Total>
        <ProgramServices>414687</ProgramServices>
        <ManagementAndGeneral>138229</ManagementAndGeneral>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>189494</Total>
        <ProgramServices>142121</ProgramServices>
        <ManagementAndGeneral>47373</ManagementAndGeneral>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>0</Total>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>198303</Total>
        <ProgramServices>148727</ProgramServices>
        <ManagementAndGeneral>49576</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>191087</Total>
        <ManagementAndGeneral>191087</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>79304</Total>
        <ProgramServices>61023</ProgramServices>
        <ManagementAndGeneral>18281</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>0</Total>
      </Advertising>
      <OfficeExpenses>
        <Total>40254</Total>
        <ManagementAndGeneral>40254</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>61430</Total>
        <ManagementAndGeneral>61430</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>520108</Total>
        <ProgramServices>271216</ProgramServices>
        <ManagementAndGeneral>248892</ManagementAndGeneral>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>0</Total>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>0</Total>
      </DepreciationDepletion>
      <Insurance>
        <Total>0</Total>
      </Insurance>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>57162</Total>
        <ManagementAndGeneral>57162</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EXAMINATION</Description>
        <Total>2516434</Total>
        <ProgramServices>2493333</ProgramServices>
        <ManagementAndGeneral>23101</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ENTERTAINMENT</Description>
        <Total>311484</Total>
        <ProgramServices>270165</ProgramServices>
        <ManagementAndGeneral>41319</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES &amp; SUBSCRIPTIONS</Description>
        <Total>367855</Total>
        <ProgramServices>352209</ProgramServices>
        <ManagementAndGeneral>15646</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CREDIT CARD FEES</Description>
        <Total>356577</Total>
        <ManagementAndGeneral>356577</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>67401</Total>
        <ProgramServices>37058</ProgramServices>
        <ManagementAndGeneral>30343</ManagementAndGeneral>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>11394857</Total>
        <ProgramServices>8956825</ProgramServices>
        <ManagementAndGeneral>2438032</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>2271332</BOY>
        <EOY>2361620</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>2053588</BOY>
        <EOY>3465332</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <EOY>0</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>14118</BOY>
        <EOY>12798</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <EOY>0</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>167598</BOY>
        <EOY>233791</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>1309166</LandBuildingsEquipmentBasis>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1267379</BOY>
        <EOY>1309166</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>20610025</BOY>
        <EOY>15719968</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>338870</BOY>
        <EOY>6128452</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <EOY>0</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>6737459</BOY>
        <EOY>6738644</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>33460369</BOY>
        <EOY>35969771</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>318527</BOY>
        <EOY>305804</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>2154946</BOY>
        <EOY>3531293</EOY>
      </DeferredRevenue>
      <OtherLiabilities>
        <BOY>167031</BOY>
        <EOY>294541</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>2640504</BOY>
        <EOY>4131638</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>30819865</BOY>
        <EOY>31838133</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>30819865</BOY>
        <EOY>31838133</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>33460369</BOY>
        <EOY>35969771</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>2020744</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-1002476</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="11000144" softwareVersion="2011v1.2">
      <Land>
        <OtherCostOrOtherBasis>1267379</OtherCostOrOtherBasis>
        <BookValue>1267379</BookValue>
      </Land>
      <Equipment>
        <OtherCostOrOtherBasis>41787</OtherCostOrOtherBasis>
        <BookValue>41787</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>1309166</TotalOfBookValueLandBuildings>
      <TotalOfBookValueSecurities>6128452</TotalOfBookValueSecurities>
      <OtherAssets>
        <Description>DUE FROM ABOG EDUCATION FOUNDATION</Description>
        <BookValue>6738644</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>6738644</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>DEFERRED COMPENSATION PAYABLE</Description>
        <Amount>27415</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ACCRUED COMPENSATED ABSENCES</Description>
        <Amount>267126</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>294541</TotalOfAmounts>
      <TotalRevenue>13415601</TotalRevenue>
      <TotalExpenses>11394857</TotalExpenses>
      <ExcessOrDeficitForYear>2020744</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-1002476</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-1002476</TotalAdjustments>
      <ExcessOrDeficitPerFS>1018268</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>12413125</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>-1002476</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>-1002476</RevenueNotRptdF990>
      <RevenueSubtotal>13415601</RevenueSubtotal>
      <TotalRevenuePerForm990>13415601</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>11394857</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>11394857</ExpensesSubtotal>
      <TotalExpensesPerForm990>11394857</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="11000144" softwareVersion="2011v1.2">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>FDN OF EXXCELLENCE IN WOMENS HC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>2915 VINE STREET</AddressLine1>
          <City>DALLAS</City>
          <State>TX</State>
          <ZIPCode>75204</ZIPCode>
        </AddressUS>
        <EINOfRecipient>830417022</EINOfRecipient>
        <AmountOfCashGrant>550000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>educational programs</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>AMERICAN BOARD OF OBGYN EDUC FDN</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>2915 VINE STREET</AddressLine1>
          <City>DALLAS</City>
          <State>TX</State>
          <ZIPCode>75204</ZIPCode>
        </AddressUS>
        <EINOfRecipient>752619323</EINOfRecipient>
        <AmountOfCashGrant>860000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>2</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>executive director reviews organizations' form 990.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ" softwareId="11000144" softwareVersion="2011v1.2">
      <FirstClassOrCharterTravel>X</FirstClassOrCharterTravel>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NamePerson>Laurie Daniels</NamePerson>
        <BaseCompensationFilingOrg>364904</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>18725</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>3214</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>386843</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>220764</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>LARRY C GILSTRAP III</NamePerson>
        <BaseCompensationFilingOrg>552099</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>14700</DeferredCompFilingOrg>
        <TotalCompensationFilingOrg>566799</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>533294</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KENNETH L NOLLER</NamePerson>
        <BaseCompensationFilingOrg>470003</BaseCompensationFilingOrg>
        <DeferredCompRelatedOrgs>29400</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>19780</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>470003</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>49180</TotalCompensationRelatedOrgs>
        <CompReportPrior990RelatedOrgs>465680</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DAVID STEINER</NamePerson>
        <BaseCompensationFilingOrg>184484</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>11058</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>23122</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>218664</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>BARRY HORNBURG</NamePerson>
        <BaseCompensationFilingOrg>205398</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>12308</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>25509</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>243215</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>241168</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ALVIN L BREKKEN MD</NamePerson>
        <BaseCompensationFilingOrg>263548</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>14700</DeferredCompFilingOrg>
        <TotalCompensationFilingOrg>278248</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>262486</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Sch J, Part I, Line 1a</Identifier>
        <ReturnReference>Part I, Line 1a: Relevant information in regards to selections on 1a.</ReturnReference>
        <Explanation>LETTER IS SENT FROM EXECUTIVE DIRECTOR TO EACH NEW BOARD MEMBER OUTLINING TRAVEL AND REIMBURSEMENT POLICIES.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>FURNISHED UPON REQUEST.</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 REFERS TO COMPENSATION PAID TO SIMILAR ORGANIZATIONS.</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>ANNUAL STATEMENTS ARE SIGNED, AND THE EXECUTIVE COMMITTEE CONDUCTS PERIODIC REVIEWS.</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 TAX RETURN IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW TWO WEEKS PRIOR TO FILING. AFTER THIS REVIEW PERIOD, THE TAX RETURN IS SUBMITTED FOR FILING.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR" softwareId="11000144" softwareVersion="2011v1.2">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>AMERICAN BOARD OF OBGYN EDUCATION FDN</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2915 VINE STREET</AddressLine1>
          <City>DALLAS</City>
          <State>TX</State>
          <ZIPCode>75204</ZIPCode>
        </AddressUS>
        <EIN>752619323</EIN>
        <PrimaryActivities>EDUCATION FOUNDATION</PrimaryActivities>
        <LegalDomicileState>TX</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>9</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</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>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>AMERICAN BOARD OF OBGYN EDUCATION FDN</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>b</TransactionType>
        <AmountInvolved>860000</AmountInvolved>
        <MethodOfAmtDetermination>FMV</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>