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    <Timestamp>2011-11-13T11:56:21-08:00</Timestamp>
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        <BusinessNameLine1>KATHARINE H LEARY CPA INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
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        <City>LITTLE COMPTON</City>
        <State>RI</State>
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        <BusinessNameLine1>LEARNING RESOURCES NETWORK INC</BusinessNameLine1>
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      <NameControl>LEAR</NameControl>
      <Phone>4016244983</Phone>
      <USAddress>
        <AddressLine1>1130 HOSTETLER DRIVE</AddressLine1>
        <City>MANHATTAN</City>
        <State>KS</State>
        <ZIPCode>66502</ZIPCode>
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      <DateSigned>2011-11-13</DateSigned>
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      <Name>KATHARINE LEARY</Name>
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      <DatePrepared>2011-11-13</DatePrepared>
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        <State>RI</State>
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        <Revenue>237370</Revenue>
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        <Description>Seminars:</Description>
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        <ManagementAndGeneral>36419</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <Insurance>
        <Total>5515</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>5515</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>Printing/Postage</Description>
        <Total>134219</Total>
        <ProgramServices>126111</ProgramServices>
        <ManagementAndGeneral>8108</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <OtherExpenses>
        <Description>Bank &amp; CC Processing Fees</Description>
        <Total>44522</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>44522</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Supplies</Description>
        <Total>78114</Total>
        <ProgramServices>72814</ProgramServices>
        <ManagementAndGeneral>5300</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Utilities/Telephone/Internet</Description>
        <Total>70718</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>70718</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Repairs/Maintenance</Description>
        <Total>18377</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>18377</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>11066</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>11066</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>2534249</Total>
        <ProgramServices>1961610</ProgramServices>
        <ManagementAndGeneral>572639</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>334626</BOY>
        <EOY>203359</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>560373</BOY>
        <EOY>540906</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>269204</BOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <EOY>280986</EOY>
      </AccountsReceivable>
      <InventoriesForSaleOrUse>
        <BOY>17651</BOY>
        <EOY>23548</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>4267</BOY>
        <EOY>31081</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>325740</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>250996</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>293087</BOY>
        <EOY>74744</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsOtherSecurities>
        <BOY>178224</BOY>
        <EOY>198558</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <EOY>206349</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>1657432</BOY>
        <EOY>1559531</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>118100</BOY>
        <EOY>144746</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>34545</BOY>
        <EOY>43255</EOY>
      </DeferredRevenue>
      <TotalLiabilities>
        <BOY>152645</BOY>
        <EOY>188001</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1504787</BOY>
        <EOY>1371530</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1504787</BOY>
        <EOY>1371530</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1657432</BOY>
        <EOY>1559531</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-122640</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-10617</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="00000002" softwareId="10000104">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <PublicSupportTotal170>0</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <Total>0</Total>
      </GrossInvestmentIncome170>
      <PublicSupportPertcentage170>0</PublicSupportPertcentage170>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>468848</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>598071</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>570095</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>542634</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>540857</CurrentTaxYear>
        <Total>2720505</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>2113742</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2085888</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1763801</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1541518</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1322130</CurrentTaxYear>
        <Total>8827079</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>2582590</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2683959</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>2333896</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>2084152</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1862987</CurrentTaxYear>
        <Total>11547584</Total>
      </Total509>
      <PublicSupportTotal509>11547584</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>18000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>26550</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>18819</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>9430</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>7765</CurrentTaxYear>
        <Total>80564</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>18000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>26550</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>18819</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>9430</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>7765</CurrentTaxYear>
        <Total>80564</Total>
      </InvestmentIncomeAndUBTI>
      <NetIncomeFromOtherUBI>
        <CurrentTaxYearMinus2Years>3588</CurrentTaxYearMinus2Years>
        <Total>3588</Total>
      </NetIncomeFromOtherUBI>
      <TotalSupportTotal>
        <Total>11631736</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.99280</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.99070</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00690</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.00870</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="00000003" softwareId="10000104">
      <Equipment>
        <OtherCostOrOtherBasis>325740</OtherCostOrOtherBasis>
        <Depreciation>250996</Depreciation>
        <BookValue>74744</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>74744</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>Mutual Funds</Description>
        <BookValue>198558</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>198558</TotalOfBookValueSecurities>
      <OtherAssets>
        <Description>Goodwill</Description>
        <BookValue>206349</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>206349</TotalBookValueOtherAssets>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="00000004" softwareId="10000104">
      <GrantRecordsMaintained>false</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>North America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>1</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Education</SpecificServicesProvided>
        <TotalExpenditures>26951</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Membership Revenue</TypeOfActivitiesConducted>
      </AcctsActvsOutUSTable>
      <SubtotalNumberOfOffices>0</SubtotalNumberOfOffices>
      <SubtotalNumberOfEmployees>1</SubtotalNumberOfEmployees>
      <TotalNumberOfOffices>0</TotalNumberOfOffices>
      <TotalNumberOfEmployees>1</TotalNumberOfEmployees>
      <SubtotalAmountSpent>26951</SubtotalAmountSpent>
      <TotalAmountSpent>26951</TotalAmountSpent>
      <TransferToForeignCorp>false</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>false</OwnForeignCorp>
      <PassiveForeignInvestCo>false</PassiveForeignInvestCo>
      <ForeignPartnership>false</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
      <Form990ScheduleFPartV>
        <Identifier>Pt I Line 3 Col (F)</Identifier>
        <Explanation>LERN pays one Canadian corporation in excess of $10,000 as a contract presenter.</Explanation>
      </Form990ScheduleFPartV>
      <Form990ScheduleFPartV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>LERN does not provide grants or assistance outside the United States.</Explanation>
      </Form990ScheduleFPartV>
      <Form990ScheduleFPartV>
        <Identifier>Pt I Line 3 Col (F)</Identifier>
        <Explanation>LERN has four Canadian education institutions that are members and remit membership dues and program fees in excess of $10,000 each.</Explanation>
      </Form990ScheduleFPartV>
    </IRS990ScheduleF>
    <IRS990ScheduleO documentId="00000005" softwareId="10000104">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 1a</Identifier>
        <Explanation>There are 10 members of the Board of Directors.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-A, Line 2</Identifier>
        <Explanation>William Draves and Julia Coates Draves are husband</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>and wife.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-A, Line 6</Identifier>
        <Explanation>LERN has approximately 1,250 Organization Members,</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>comprised of approximately 5,000 individuals.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-A, Line 7a</Identifier>
        <Explanation>The Board of Directors elects members of the</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>governing body.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 11a</Identifier>
        <Explanation>Form 990 is reviewed by vice-president prior to</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>review, approval, and submission.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 18</Identifier>
        <Explanation>Form 990 is available to the public upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 19</Identifier>
        <Explanation>LERN does not have a written conflict of interest</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>policy or audited financial statements available</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>to the public.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XI</Identifier>
        <Explanation>Includes current year unrealized investment gains,</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>and an adjustment for prior year unrecorded</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>investment losses.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part III, Line 4d</Identifier>
        <Explanation>EDUCATION 247601. 0. 237370. ONLINE COURSES 108670. 0. 100511. PUBLICATIONS 109089. 0. 127712. SEMINARS: 38302. 0. 55775. MEMBERSHIP: LERN'S MEMBERSHIP IS COMPRISED OF 293512. 0. 540857.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>