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        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>75000</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>0</TotalOtherCompensation>
      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>0</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <MembershipDues>51016</MembershipDues>
      <GovernmentGrants>63252</GovernmentGrants>
      <AllOtherContributions>2000</AllOtherContributions>
      <TotalContributions>116268</TotalContributions>
      <ProgramServiceRevenue>
        <Description>MANAGEMENT FEES</Description>
        <BusinessCode>561439</BusinessCode>
        <TotalRevenueColumn>202600</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>202600</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>EQUITY EARNINGS IN SCE</Description>
        <BusinessCode>525990</BusinessCode>
        <TotalRevenueColumn>-86286</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>-86286</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>116314</TotalProgramServiceRevenue>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS</Description>
        <BusinessCode>525990</BusinessCode>
        <TotalRevenueColumn>352</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>352</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>352</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>232934</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>116666</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>0</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>75000</Total>
        <ProgramServices>75000</ProgramServices>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>155234</Total>
        <ProgramServices>155234</ProgramServices>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>13403</Total>
        <ProgramServices>13403</ProgramServices>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>29069</Total>
        <ProgramServices>29069</ProgramServices>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>17802</Total>
        <ProgramServices>17802</ProgramServices>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>330</Total>
        <ProgramServices>330</ProgramServices>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>3525</Total>
        <ProgramServices>3525</ProgramServices>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>5511</Total>
        <ProgramServices>5511</ProgramServices>
      </FeesForServicesOther>
      <OfficeExpenses>
        <Total>2773</Total>
        <ProgramServices>2773</ProgramServices>
      </OfficeExpenses>
      <Occupancy>
        <Total>16650</Total>
        <ProgramServices>16650</ProgramServices>
      </Occupancy>
      <Travel>
        <Total>7740</Total>
        <ProgramServices>7740</ProgramServices>
      </Travel>
      <ConferencesMeetings>
        <Total>1188</Total>
        <ProgramServices>1188</ProgramServices>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>2369</Total>
        <ProgramServices>2369</ProgramServices>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>OTHER OPERATING EXPENSE</Description>
        <Total>1667</Total>
        <ProgramServices>1667</ProgramServices>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>332261</Total>
        <ProgramServices>332261</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>25659</BOY>
        <EOY>7425</EOY>
      </CashNonInterestBearing>
      <AccountsReceivable>
        <BOY>316827</BOY>
        <EOY>232770</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>122</BOY>
        <EOY>130</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>35786</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>28496</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1993</BOY>
        <EOY>7290</EOY>
      </LandBuildingsEquipmentBasisNet>
      <TotalAssets>
        <BOY>344601</BOY>
        <EOY>247615</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>3260</BOY>
        <EOY>5601</EOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>3260</BOY>
        <EOY>5601</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>341341</BOY>
        <EOY>242014</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>341341</BOY>
        <EOY>242014</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>344601</BOY>
        <EOY>247615</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-99327</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>1</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>0</AuditCommittee>
      <FinancialStatementBoth>X</FinancialStatementBoth>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>128265</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>85412</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>105001</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>111696</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>116268</CurrentTaxYear>
        <Total>546642</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>128265</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>85412</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>105001</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>111696</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>116268</CurrentTaxYear>
        <Total>546642</Total>
      </Total170>
      <PublicSupportTotal170>546642</PublicSupportTotal170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>76443</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>23087</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>3726</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>24787</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>352</CurrentTaxYear>
        <Total>128395</Total>
      </OtherIncome170>
      <TotalSupport>675037</TotalSupport>
      <PublicSupportPertcentage170>0.80980</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.76820</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>35786</OtherCostOrOtherBasis>
        <Depreciation>28496</Depreciation>
        <BookValue>7290</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>7290</TotalOfBookValueLandBuildings>
      <TotalRevenue>232934</TotalRevenue>
      <TotalExpenses>332261</TotalExpenses>
      <ExcessOrDeficitForYear>-99327</ExcessOrDeficitForYear>
      <TotalAdjustments>0</TotalAdjustments>
      <ExcessOrDeficitPerFS>-99327</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>30334</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>30334</RevenueSubtotal>
      <OtherRevenuesNotIncluded>202600</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>202600</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>232934</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>129661</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>129661</ExpensesSubtotal>
      <OtherExpensesNotIncluded>202600</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>202600</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>332261</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>MANAGEMENT FEES</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>MANAGEMENT FEES</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 7A</Identifier>
        <Explanation>MEMBERS CONSIST OF COUNTIES IN SOUTHERN COLORADO, AND THOSE COUNTIES SELECT A REPRESENTATIVE FROM THE COUNTY TO BE ON THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE BOARD IS GIVEN AN ELECTRONIC COPY OF THE TAX RETURN TO REVIEW PRIOR TO THE RETURN BEING FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>A NEW CONFLICT OF INTEREST STATEMENT IS SIGNED EVERY YEAR AND DURING THE MEETINGS ALL VOTERS ARE ASKED OF ANY CONFLICTS WITH WHAT IS BEING VOTED ON.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15A</ReturnReference>
        <Explanation>THE BOARD EVALUATES THE EXECUTIVE DIRECTOR ON HIS/HER PERFORMANCE DURING THE YEAR TO DETERMINE IF COMPENSATION IS APPROPRIATE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION HAS THE INFORMATION AVAILABLE AT THEIR OFFICE DURING REGULAR BUSINESS HOURS (8AM TO 5PM MST MON-FRI).</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <LegalDomicileState>CO</LegalDomicileState>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SCEDD DEVELOPMENT COMPANY</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1104 N MAIN</AddressLine1>
          <City>PUEBLO</City>
          <State>CO</State>
          <ZIPCode>81003</ZIPCode>
        </AddressUS>
        <EIN>840996749</EIN>
        <PrimaryActivities>TO ASSIST POTENTIAL BUSINESSES WITH OBTAINING SBA LOANS IN COLORADO.</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(A)(2)</PublicCharityStatus>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>1</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>1</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>1</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SCEDD DEVELOPMENT COMPANY</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>J</TransactionType>
        <AmountInvolved>6000</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SCEDD DEVELOPMENT COMPANY</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>M</TransactionType>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SCEDD DEVELOPMENT COMPANY</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>N</TransactionType>
        <AmountInvolved>202599</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SCEDD DEVELOPMENT COMPANY</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>O</TransactionType>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SCEDD DEVELOPMENT COMPANY</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>