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        <EOY>9281732</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>6343642</BOY>
        <EOY>6946548</EOY>
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      <TemporarilyRestrictedNetAssets>
        <BOY>1563483</BOY>
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      <PermanentlyRestrictedNetAssets>
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      <TotalNetAssetsFundBalances>
        <BOY>9108298</BOY>
        <EOY>9038108</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>18462626</BOY>
        <EOY>18319840</EOY>
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      <ReconcilationRevenueExpenses>-70190</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>0</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
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    <IRS990ScheduleB documentId="RetDoc1234500001">
      <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="RetDoc1040000001">
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        <InvestmentCostOrOtherBasis>4192211</InvestmentCostOrOtherBasis>
        <BookValue>4192211</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>15704559</InvestmentCostOrOtherBasis>
        <Depreciation>8330886</Depreciation>
        <BookValue>7373673</BookValue>
      </Buildings>
      <Equipment>
        <InvestmentCostOrOtherBasis>4274228</InvestmentCostOrOtherBasis>
        <Depreciation>2312453</Depreciation>
        <BookValue>1961775</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>13527659</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>SECURITIES AND OTHER INVESTMENTS</Description>
        <BookValue>2306579</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>2306579</TotalOfBookValueSecurities>
      <TotalRevenue>12938045</TotalRevenue>
      <TotalExpenses>13008235</TotalExpenses>
      <ExcessOrDeficitForYear>-70190</ExcessOrDeficitForYear>
      <TotalAdjustments>0</TotalAdjustments>
      <ExcessOrDeficitPerFS>-70190</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>12938045</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>12938045</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>12938045</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>13008235</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>13008235</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>13008235</TotalExpensesPerForm990>
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    <IRS990ScheduleE documentId="RetDoc1040400001">
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      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>CBS OUTDOOR, COMMERCIAL APPEAL, DESOTO TIMES, FACEBOOK, GOOGLE, MEMPHIS BUSINESS JOURNAL, MEMPHIS MAGAZINE, MEMPHIS PARENT, MEMPHIS SPORT, MIDTOWN CHURCH OF CHRIST, M.M.GRAPHICS, MOST, WKNO TV, WMC</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>DINNER &amp; PICTURES</NameOfEvent1>
        <GrossReceiptsEvent1>87407</GrossReceiptsEvent1>
        <GrossRevenueEvent1>87407</GrossRevenueEvent1>
        <GrossReceiptsTotal>87407</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>87407</GrossRevenueTotalEvents>
        <NetIncomeSummary>87407</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE FORM 990 IS PREPARED BY A CPA FIRM, REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD, AND REVIEWED BY THE ENTIRE BOARD BEFORE IT IS FILED WITH THE IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>POTENTIAL CONFLICTS ARE IDENTIIFED BY THE ORGANIZATION'S OPERATIONS AND THROUGH DISCLOSURE FROM OFFICERS AND BOARD MEMBERS. POTENTIAL CONFLICTS ARE EVALUATED AND THE RESULTS ARE REPORTED TO THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>OFFICERS' COMPENSATION ARE COMPARED TO LOCAL PEER GROUP SURVEYS, SUPPORTED BY PERFORMANCE REVIEWS AND APPROVED BY THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>