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        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Andrew Zago</NamePerson>
        <Title>Insructor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>123000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5335</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>1792363</TotalReportableCompFromOrg>
      <TotalOtherCompensation>44617</TotalOtherCompensation>
      <NumberIndividualsGT100K>14</NumberIndividualsGT100K>
      <FormersListed>true</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Securitas Security Services USA</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>4330 Park Terrace Drive</AddressLine1>
            <City>Westlake Village</City>
            <State>CA</State>
            <ZIPCode>91361</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Security</DescriptionOfServices>
        <Compensation>286816</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Hernandez-Cruz Cleaning Service</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>2801 1/2 S La Salle Ave</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
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          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Janitorial</DescriptionOfServices>
        <Compensation>220017</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>George K Baum &amp; Company</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>100 W 33rd St NE</AddressLine1>
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            <State>NY</State>
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          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Placement agent fees</DescriptionOfServices>
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      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>CB Richard Ellis Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>970 E 3rd Street</AddressLine1>
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            <State>CA</State>
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        </AddressOfContractor>
        <DescriptionOfServices>Commission</DescriptionOfServices>
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      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Allen Matkins et al</BusinessNameLine1>
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          <AddressUS>
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            <State>CA</State>
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        <DescriptionOfServices>Legal</DescriptionOfServices>
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      <FundraisingEvents>84628</FundraisingEvents>
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        <Description>Tuition and fees</Description>
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      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Other income</Description>
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        <RelatedOrExemptFunctionIncome>571401</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
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        <RelatedOrExemptFunctionIncome>43519</RelatedOrExemptFunctionIncome>
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      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
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      </RoyaltiesRevenue>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetRentalIncomeOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetGainOrLossInvestments>
      <CntrbtnsRprtdFundraisingEvents>84628</CntrbtnsRprtdFundraisingEvents>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <GrossSalesOfInventory>624812</GrossSalesOfInventory>
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      <NetIncomeOrLoss>
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        <ExclusionAmount>184370</ExclusionAmount>
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      <TotalOtherRevenue>0</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>17131258</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>15156888</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>184370</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>1081029</Total>
        <ProgramServices>798796</ProgramServices>
        <ManagementAndGeneral>165417</ManagementAndGeneral>
        <Fundraising>116816</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
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        <ProgramServices>4039179</ProgramServices>
        <ManagementAndGeneral>1946299</ManagementAndGeneral>
        <Fundraising>262078</Fundraising>
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      <PensionPlanContributions>
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        <ProgramServices>98425</ProgramServices>
        <ManagementAndGeneral>52717</ManagementAndGeneral>
        <Fundraising>9339</Fundraising>
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      <OtherEmployeeBenefits>
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        <ProgramServices>216720</ProgramServices>
        <ManagementAndGeneral>163847</ManagementAndGeneral>
        <Fundraising>18357</Fundraising>
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      <PayrollTaxes>
        <Total>565299</Total>
        <ProgramServices>396610</ProgramServices>
        <ManagementAndGeneral>143473</ManagementAndGeneral>
        <Fundraising>25216</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>103574</Total>
        <ManagementAndGeneral>103574</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
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        <ManagementAndGeneral>52950</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
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      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
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      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
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      </FeesForServicesOther>
      <Advertising>
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        <ManagementAndGeneral>21393</ManagementAndGeneral>
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      <OfficeExpenses>
        <Total>332213</Total>
        <ProgramServices>110270</ProgramServices>
        <ManagementAndGeneral>207035</ManagementAndGeneral>
        <Fundraising>14908</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>41845</Total>
        <ManagementAndGeneral>41095</ManagementAndGeneral>
        <Fundraising>750</Fundraising>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>1040854</Total>
        <ProgramServices>779126</ProgramServices>
        <ManagementAndGeneral>238748</ManagementAndGeneral>
        <Fundraising>22980</Fundraising>
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      <Travel>
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        <ProgramServices>159208</ProgramServices>
        <ManagementAndGeneral>76051</ManagementAndGeneral>
        <Fundraising>33154</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>258364</Total>
        <ProgramServices>219609</ProgramServices>
        <ManagementAndGeneral>38755</ManagementAndGeneral>
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      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>569876</Total>
        <ProgramServices>484395</ProgramServices>
        <ManagementAndGeneral>85481</ManagementAndGeneral>
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      <Insurance>
        <Total>144855</Total>
        <ManagementAndGeneral>144855</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
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        <Total>244729</Total>
        <ProgramServices>182774</ProgramServices>
        <ManagementAndGeneral>58071</ManagementAndGeneral>
        <Fundraising>3884</Fundraising>
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      <OtherExpenses>
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        <Total>286816</Total>
        <ProgramServices>229453</ProgramServices>
        <ManagementAndGeneral>57363</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>Repairs and maintenance</Description>
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        <ProgramServices>179730</ProgramServices>
        <ManagementAndGeneral>57204</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Grant project</Description>
        <Total>234875</Total>
        <ProgramServices>234875</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Contract labor</Description>
        <Total>245098</Total>
        <ProgramServices>195665</ProgramServices>
        <ManagementAndGeneral>49433</ManagementAndGeneral>
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      <AllOtherExpenses>
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        <ProgramServices>701907</ProgramServices>
        <ManagementAndGeneral>422040</ManagementAndGeneral>
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      <TotalFunctionalExpenses>
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        <ProgramServices>9026742</ProgramServices>
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        <Fundraising>788227</Fundraising>
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      <SavingsAndTempCashInvestments>
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      <ReceivablesFromDisqualPersons>
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      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
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      <InvestmentsOtherSecurities>
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      <InvestmentsProgramRelated>
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      <IntangibleAssets>
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      <AccountsPayableAccruedExpenses>
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      <TotalLiabilities>
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        <EOY>21137066</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <PermanentlyRestrictedNetAssets>
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      <TotalNetAssetsFundBalances>
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      <TotalLiabNetAssetsFundBalances>
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      <ReconcilationRevenueExpenses>3190488</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="10000105" softwareVersion="2010v3.2">
      <School170b1Aii>X</School170b1Aii>
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        <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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      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
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      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
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      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
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      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
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      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
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      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
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      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
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      <Form990ScheduleJPartII>
        <NamePerson>Hernan Diaz-Alonso</NamePerson>
        <BaseCompensationFilingOrg>156692</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>7051</DeferredCompFilingOrg>
        <TotalCompensationFilingOrg>163743</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Eric Owen Moss</NamePerson>
        <BaseCompensationFilingOrg>360744</BaseCompensationFilingOrg>
        <BonusFilingOrg>30049</BonusFilingOrg>
        <DeferredCompFilingOrg>11558</DeferredCompFilingOrg>
        <TotalCompensationFilingOrg>402351</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Christopher Genik</NamePerson>
        <BaseCompensationFilingOrg>145048</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>5991</DeferredCompFilingOrg>
        <TotalCompensationFilingOrg>151039</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK.1" softwareId="10000105" softwareVersion="2010v3.2">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>CA Muni Finance Authority</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>201569466</IssuerEIN>
        <DateIssued>2011-04-21</DateIssued>
        <IssuePrice>18480000</IssuePrice>
        <DescriptionOfPurpose>Purchase land and building</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>18480000</TotalProceeds>
        <CapitalExpenditures>18480000</CapitalExpenditures>
        <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>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL" softwareId="10000105" softwareVersion="2010v3.2">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>Buro Happold Consulting</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>Engineer</Relationship>
        <AmountOfTransaction>15000</AmountOfTransaction>
        <DescriptionOfTransaction>Instruction</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Craig Hodgetts - Spouse of</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Key Employee</Relationship>
        <AmountOfTransaction>25000</AmountOfTransaction>
        <DescriptionOfTransaction>Faculty salary</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Jenny Wu - Spouse of</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>33500</AmountOfTransaction>
        <DescriptionOfTransaction>Faculty Salary</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>April Greiman - Spouse of</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>18000</AmountOfTransaction>
        <DescriptionOfTransaction>Faculty salary</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM" softwareId="10000105" softwareVersion="2010v3.2">
      <BooksAndPublications>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>89032</NoncashContribsRptdF990>
      </BooksAndPublications>
      <OtherNonCashContributionsTable>
        <Description>Robotics lab</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>295000</NoncashContribsRptdF990>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="10000105" softwareVersion="2010v3.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>No documents available to the public.</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>Upon change in compensation, comparable compensation information is provided by the Human Resources Director based on various surveys and reports from similar institutions. This is reviewed by the Director's Compensation Review Committee of the Board of Directors with a recommendation to the full Board of Directors. The full Board of Directors then deliberates and acts on the recommendation.</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>Board members are asked at every Board of Directors meeting. Once a year there is a written survey that every Board member is required to complete.</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 Form 990 is reviewed by the CFO, the Finance Director and the Finance Committee of the Board of Directors.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>