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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1315526</BOY>
        <EOY>881040</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <EOY>409333</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1315526</BOY>
        <EOY>1290373</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1423398</BOY>
        <EOY>1666731</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>0</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <SupportingOrganization509a3>X</SupportingOrganization509a3>
      <SupportingOrg509a3Type1>X</SupportingOrg509a3Type1>
      <CertificationCheckbox>X</CertificationCheckbox>
      <ContribByControllingIndividual>0</ContribByControllingIndividual>
      <ContributionByRelatedParty>0</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>0</ContribBy35ControlledEntity>
      <SupportedOrgInformation>
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          <BusinessNameLine1>BIBLE STUDY FELLOWSHIP</BusinessNameLine1>
        </Name>
        <EIN>941514010</EIN>
        <TypeOfOrganization>7</TypeOfOrganization>
        <ListedInGoverningDoc>1</ListedInGoverningDoc>
        <SupportedOrganizationNotified>1</SupportedOrganizationNotified>
        <OrganizedInUS>1</OrganizedInUS>
        <Amount>3879414</Amount>
      </SupportedOrgInformation>
      <TotalNumberOfSupportedOrgs>1</TotalNumberOfSupportedOrgs>
      <SumOfAmounts>3879414</SumOfAmounts>
    </IRS990ScheduleA>
    <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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        <InvestmentEarningsOrLosses>-30111</InvestmentEarningsOrLosses>
        <EndOfYearBalance>1290373</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>1134777</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>185707</InvestmentEarningsOrLosses>
        <EndOfYearBalance>1320484</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.68000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.00000</PermanentEndowmentEOYBalance>
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      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>1</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>1</AreRelatedOrgsListedScheduleR>
      <OtherLandBuildings>
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        <Depreciation>1558</Depreciation>
        <BookValue>0</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>0</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>DEPOSIT WITH SUPPLIERS</Description>
        <BookValue>78611</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>AREA ADVISOR ADVANCES</Description>
        <BookValue>86885</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>165496</TotalBookValueOtherAssets>
      <TotalRevenue>3350101</TotalRevenue>
      <TotalExpenses>3879414</TotalExpenses>
      <ExcessOrDeficitForYear>-529313</ExcessOrDeficitForYear>
      <OtherAmount>504160</OtherAmount>
      <TotalAdjustments>504160</TotalAdjustments>
      <ExcessOrDeficitPerFS>-25153</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>14217193</TotRevenueEtcAuditedFinclStmt>
      <OtherRevenues>10867092</OtherRevenues>
      <RevenueNotRptdF990>10867092</RevenueNotRptdF990>
      <RevenueSubtotal>3350101</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>3350101</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>14051633</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>10172219</OtherExpensesIncluded>
      <ExpensesNotRptdF990>10172219</ExpensesNotRptdF990>
      <ExpensesSubtotal>3879414</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>3879414</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4:</Identifier>
        <ReturnReference>Description of Intended Use of Endowment Funds:</ReturnReference>
        <Explanation>THE ENDOWMENT FUNDS ARE USED FOR CAPITAL IMPROVEMENTS, CONTINGENCY RESERVES, LEADERSHIP RETREATS, RETIREMENT BENEFITS, LEADERSHIP ORIENTATION, INTERNATIONAL OPERATIONS, AND AT THE EXECUTVIE DIRECTOR'S DISCRETION.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XI, Line 8 - Other Adjustments:</Identifier>
        <Explanation>NET ASSETS TRANSFERRED TO SUBSIDIARY: 504160.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>REPORTED BY BIBLE STUDY FELLOWSHIP NET OF UNREALIZED LOSS ON INVESTMENTS: 10867092.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>EXPENSES REPORTED BY BIBLE STUDY FELLOWSHIP : 10172219.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="RetDoc1040500001">
      <AcctsActvsOutUSTable>
        <Region>AFRICA</Region>
        <NumberOfOffices>1</NumberOfOffices>
        <NumberOfEmployees>7</NumberOfEmployees>
        <TypeOfActivitiesConducted>PROGRAM SERVICES</TypeOfActivitiesConducted>
        <SpecificServicesProvided>BIBLE STUDY CLASSES</SpecificServicesProvided>
        <TotalExpenditures>118553</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>ASIA</Region>
        <NumberOfOffices>2</NumberOfOffices>
        <NumberOfEmployees>17</NumberOfEmployees>
        <TypeOfActivitiesConducted>PROGRAM SERVICES</TypeOfActivitiesConducted>
        <SpecificServicesProvided>BIBLE STUDY CLASSES</SpecificServicesProvided>
        <TotalExpenditures>549998</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>AUSTRALIA</Region>
        <NumberOfOffices>1</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>PROGRAM SERVICES</TypeOfActivitiesConducted>
        <SpecificServicesProvided>BIBLE STUDY CLASSES</SpecificServicesProvided>
        <TotalExpenditures>185248</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>CANADA</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>PROGRAM SERVICES</TypeOfActivitiesConducted>
        <SpecificServicesProvided>BIBLE STUDY CLASSES</SpecificServicesProvided>
        <TotalExpenditures>32048</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>EUROPE</Region>
        <NumberOfOffices>1</NumberOfOffices>
        <NumberOfEmployees>2</NumberOfEmployees>
        <TypeOfActivitiesConducted>PROGRAM SERVICES</TypeOfActivitiesConducted>
        <SpecificServicesProvided>BIBLE STUDY CLASSES</SpecificServicesProvided>
        <TotalExpenditures>98630</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>LATIN AMERICA</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>2</NumberOfEmployees>
        <TypeOfActivitiesConducted>PROGRAM SERVICES</TypeOfActivitiesConducted>
        <SpecificServicesProvided>BIBLE STUDY CLASSES</SpecificServicesProvided>
        <TotalExpenditures>19882</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <TotalNumberOfOffices>5</TotalNumberOfOffices>
      <TotalNumberOfEmployees>28</TotalNumberOfEmployees>
      <TotalAmountSpent>1004359</TotalAmountSpent>
    </IRS990ScheduleF>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>THE COMPLETED FORM 990 IS PROVIDED TO THE BOARD MEMBERS IN ELECTRONIC FORM PRIOR TO FILING WITH THE IRS. A REVIEW WITH COMMENTS AND QUESTIONS IS SUBMITTED FOR RESPONSE PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>THE CONFLICT OF INTEREST POLICIES ARE UPDATED ANNUALLY AT A SPECIFIC BOARD MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15</Identifier>
        <Explanation>THE COMPENSATION COMMITTEE PERIODICALLY RECEIVES AND REVIEWS COMPENSATION DATA PROVIDED BY THE HR MANAGER AND SECURED FROM COMPARIBILITY DATA. THE COMPENSATION COMMITTEE PROVIDES THE COMPARIBILITY DATA AND RECOMMENDS THE COMPENSATION LEVEL TO THE BOARD, SUBJECT TO THEIR APPROVAL AND FURTHER REVISION. THE HR MANAGER ALSO REVIEWS THE SALARIES OF KEY EMPLOYEES WITH THE COMPARIBILITY DATA AND REPORTS TO THE EXECUTIVE DIRECTOR. INCREASES IN COMPENSATION OF KEY EMPLOYEES ARE SUBMITTED ANNUALLY TO THE BOARD FOR BUDGETARY APPROVAL. THE LAST COMPENSATION REVIEW WAS PERFORMED IN MAY 2010.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>THE ORGANIZATIONAL DOCUMENTS, FORM 1023, FORM 990, DETERMINATION LETTER, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS AND DETERMINATION LETTER ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>SCHEDULE B, CONTRIBUTOR NO. 5 UNKNOWN DONOR THE DONOR IS UNKNOWN AND IS THEREFORE LISTED AS ANONYMOUS. SINCE THE DONOR IS UNKNOWN, THE ADDRESS IS, AS WELL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VII</Identifier>
        <ReturnReference>DEFINED BENEFIT RETIREMENT PLAN</ReturnReference>
        <Explanation>BSF INTERNATIONAL, LLC MAINTAINS A DEFINED BENEFIT RETIREMENT PLAN. THE PLAN CALLS FOR BENEFITS TO BE PAID TO ELIGIBLE EMPLOYEES AT RETIREMENT BASED PRIMARILY UPON YEARS OF SERVICE WITH THE ORGANIZATION AND THEIR COMPENSATION RATES NEAR RETIREMENT. NO ANNUAL CONTRIBUTION CAN BE ATTRIBUTED TO ANY ONE EMPLOYEE. BSF INTERNATIONAL, LLC IS SELF-FUNDED FOR CERTAIN EMPLOYEE GROUP HEALTH BENEFITS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>BIBLE STUDY FELLOWSHIP</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>19001 HUEBNER</AddressLine1>
          <City>SAN ANTONIO</City>
          <State>TX</State>
          <ZIPCode>782584019</ZIPCode>
        </AddressUS>
        <EIN>941514010</EIN>
        <PrimaryActivities>BIBLE STUDY CLASSES</PrimaryActivities>
        <LegalDomicileState>TX</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>Line 7</PublicCharityStatus>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>1</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>