﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.3" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-09T19:34:26-07:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>DEANS ARCHER &amp; CO</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>265 E MERRICK RD STE 205</AddressLine1>
        <City>VALLEY STREAM</City>
        <State>NY</State>
        <ZIPCode>115806004</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>133808669</EIN>
      <Name>
        <BusinessNameLine1>UPPER MANHATTAN EMPOWERMENT ZONE</BusinessNameLine1>
      </Name>
      <NameControl>UPPE</NameControl>
      <Phone>2124100040</Phone>
      <USAddress>
        <AddressLine1>290 LENOX AVENUE</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10027</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>HOPE KNIGHT</Name>
      <Title>CHIEF OPERATING OFFICER</Title>
      <Phone>2124100040</Phone>
      <DateSigned>2011-03-07</DateSigned>
    </Officer>
    <Preparer>
      <Name>MICHAEL ARCHER</Name>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990 documentId="00000001" referenceDocumentName="IRS990ScheduleO ReasonableCauseExplanation" softwareId="09000048">
      <NameOfPrincipalOfficerPerson>HOPE KNIGHT</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>290 LENNOX AVENUE</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10027</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>8255653</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="3">X</Organization501c>
      <WebSite>N/A</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1995</YearFormation>
      <StateLegalDomicile>NY</StateLegalDomicile>
      <ActivityOrMissionDescription>To stimulate and promote economic growth</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>24</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>24</NbrIndependentVotingMembers>
      <TotalNbrEmployees>32</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>9484705</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>6951913</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>897790</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>965079</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>531850</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>328610</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>2044</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>10051</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>10916389</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>8255653</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>568382</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>560508</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>8872150</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>7138470</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>9440532</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>7698978</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>1475857</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>556675</RevenuesLessExpensesCY>
      <TotalAssetsBOY>71722335</TotalAssetsBOY>
      <TotalAssetsEOY>70624511</TotalAssetsEOY>
      <TotalLiabilitiesBOY>584646</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>890554</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>71137689</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>69733957</NetAssetsOrFundBalancesEOY>
      <MissionDescription>To stimulate and promote economic growth</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>7013467</Expense>
      <Description>TO STIMULATE AND PROMOTE ECONOMIC GROWTH</Description>
      <TotalProgramServiceExpense>7013467</TotalProgramServiceExpense>
      <DescribedIn501C3>true</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <DonorAdvisedFunds>false</DonorAdvisedFunds>
      <ConservationEasements>false</ConservationEasements>
      <CollectionsOfArt>false</CollectionsOfArt>
      <CreditCounseling>false</CreditCounseling>
      <TermOrPermanentEndowments>false</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported>true</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt>true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt>true</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>true</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>false</ScheduleORequired>
      <NumberFormsTransmittedWith1096>19</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>32</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <NbrVotingGoverningBodyMembers>24</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>24</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>false</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>HOPE KNIGHT</NamePerson>
        <TelephoneNumber>2124100040</TelephoneNumber>
        <AddressUS>
          <AddressLine1>290 LENNOX AVENUE</AddressLine1>
          <City>FLOOR</City>
          <State>NY</State>
          <ZIPCode>10027</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>MR KENNETH J KNUCKLES</NamePerson>
        <Title>President &amp; CEO</Title>
        <AverageHoursPerWeek>37.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>243929</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS HOPE D KNIGHT</NamePerson>
        <Title>COO</Title>
        <AverageHoursPerWeek>37.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>161887</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR BLAIR DUNCAN</NamePerson>
        <Title>General Counsel</Title>
        <AverageHoursPerWeek>37.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>157745</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS MAUREEN KNIGHTON</NamePerson>
        <Title>SVP NP Investment</Title>
        <AverageHoursPerWeek>37.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>102130</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS JUDITH HARRISON</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR ANTHONY S KENDALL</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR LUIS A MIRANDA</NamePerson>
        <Title>Treasurer</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR JEFFREY BROOKER</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR FRANCISCO DAIZ JR</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR G WILLIAM HUNTER</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS ELIZABETH A MASON</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS JANET RODRIQUEZ</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR WILLIE E WOODS</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS LINDA E SCOTT</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR RICHARD THALER</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR HENRY COMAS</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR WILLIE DENNIS</NamePerson>
        <Title>Secretary</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR TRACEY R THOMAS</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR MARIO L BAEZA</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS PATRICIA A JONES</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR PAMELA PLANQUE NORTH</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS YRTHYA DINZEY</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS CAROLE N GRIFFIN</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR JOSEPH J JOHNSON</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR CLARANCE MITCHELL</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS NANCY DEVINE</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MR ANTONIO RIVERA JR</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MS BEATRICE O SIBBLIES</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>5</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>665691</TotalReportableCompFromOrg>
      <NumberIndividualsGT100K>4</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <GovernmentGrants>6864782</GovernmentGrants>
      <AllOtherContributions>87131</AllOtherContributions>
      <NoncashContributions>85466</NoncashContributions>
      <TotalContributions>6951913</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Interest Income-Loans</Description>
        <BusinessCode>522200</BusinessCode>
        <TotalRevenueColumn>965079</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>965079</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>965079</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>328610</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>328610</RelatedOrExemptFunctionIncome>
      </InvestmentIncome>
      <MiscellaneousRevenue>
        <TotalRevenueColumn>10051</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>10051</RelatedOrExemptFunctionIncome>
      </MiscellaneousRevenue>
      <TotalOtherRevenue>10051</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>8255653</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1303740</RelatedOrExemptFunctionIncome>
      </TotalRevenue>
      <OtherEmployeeBenefits>
        <Total>417708</Total>
        <ProgramServices>250672</ProgramServices>
        <ManagementAndGeneral>167036</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>142800</Total>
        <ProgramServices>85680</ProgramServices>
        <ManagementAndGeneral>57120</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>102764</Total>
        <ProgramServices>61658</ProgramServices>
        <ManagementAndGeneral>41106</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>51000</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>51000</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </FeesForServicesAccounting>
      <Occupancy>
        <Total>413194</Total>
        <ProgramServices>247916</ProgramServices>
        <ManagementAndGeneral>165278</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Occupancy>
      <ConferencesMeetings>
        <Total>23796</Total>
        <ProgramServices>14278</ProgramServices>
        <ManagementAndGeneral>9518</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>3900</Total>
        <ProgramServices>2340</ProgramServices>
        <ManagementAndGeneral>1560</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>35348</Total>
        <ProgramServices>21209</ProgramServices>
        <ManagementAndGeneral>14139</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>Consultants</Description>
        <Total>92930</Total>
        <ProgramServices>58958</ProgramServices>
        <ManagementAndGeneral>33972</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Marketing &amp; Communications</Description>
        <Total>101348</Total>
        <ProgramServices>60809</ProgramServices>
        <ManagementAndGeneral>40539</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Utilities</Description>
        <Total>56026</Total>
        <ProgramServices>33616</ProgramServices>
        <ManagementAndGeneral>22410</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Equipment Rental</Description>
        <Total>27808</Total>
        <ProgramServices>16685</ProgramServices>
        <ManagementAndGeneral>11123</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Equipment Purchases/Repairs</Description>
        <Total>4614</Total>
        <ProgramServices>2768</ProgramServices>
        <ManagementAndGeneral>1846</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>6225742</Total>
        <ProgramServices>6156878</ProgramServices>
        <ManagementAndGeneral>68864</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>7698978</Total>
        <ProgramServices>7013467</ProgramServices>
        <ManagementAndGeneral>685511</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>40664963</BOY>
        <EOY>36802987</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>952114</BOY>
        <EOY>614924</EOY>
      </PledgesAndGrantsReceivable>
      <OtherNotesLoansReceivableNet>
        <BOY>25950842</BOY>
        <EOY>27521523</EOY>
      </OtherNotesLoansReceivableNet>
      <PrepaidExpensesDeferredCharges>
        <BOY>125389</BOY>
        <EOY>102766</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>520176</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>500502</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>8112</BOY>
        <EOY>19674</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>4020915</BOY>
        <EOY>5562637</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>71722335</BOY>
        <EOY>70624511</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>215648</BOY>
        <EOY>453790</EOY>
      </AccountsPayableAccruedExpenses>
      <OtherLiabilities>
        <BOY>368998</BOY>
        <EOY>436764</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>584646</BOY>
        <EOY>890554</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>70827219</BOY>
        <EOY>69559493</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>310470</BOY>
        <EOY>174464</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>71137689</BOY>
        <EOY>69733957</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>71722335</BOY>
        <EOY>70624511</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementBoth>X</FinancialStatementBoth>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="00000002" softwareId="09000048">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>9915314</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>11839814</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>8626634</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>18356027</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>9480051</CurrentTaxYear>
        <Total>58217840</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>9915314</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>11839814</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>8626634</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>18356027</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>9480051</CurrentTaxYear>
        <Total>58217840</Total>
      </Total170>
      <PublicSupportTotal170>58217840</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>1567623</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>760558</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1399248</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>2306281</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1429640</CurrentTaxYear>
        <Total>7463350</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>54248</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>110211</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>67914</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>229880</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>6698</CurrentTaxYear>
        <Total>468951</Total>
      </OtherIncome170>
      <TotalSupport>66150141</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>66150141</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.88010</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.89820</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
      <FactsAndCircumstancesTest>OTHER INCOME PART II, LINE 10; DESCRIPTION: OTHER INCOME; 2005: 54248.; 2006: 110211.; 2007: 67914.; 2008: 229880.; 2009: 6698.;</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="00000003" softwareId="09000048">
      <LeaseholdImprovements>
        <InvestmentCostOrOtherBasis>133710</InvestmentCostOrOtherBasis>
        <Depreciation>133710</Depreciation>
      </LeaseholdImprovements>
      <Equipment>
        <InvestmentCostOrOtherBasis>386466</InvestmentCostOrOtherBasis>
        <Depreciation>366792</Depreciation>
        <BookValue>19674</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>19674</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>Interest Receivable</Description>
        <BookValue>36569</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Due from Colson</Description>
        <BookValue>59282</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Security Deposits</Description>
        <BookValue>29750</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Other Assets</Description>
        <BookValue>272</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Deffered Compensation</Description>
        <BookValue>436764</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Due from Affiliate</Description>
        <BookValue>5000000</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>5562637</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>Deferred Compensation</Description>
        <Amount>436764</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>436764</TotalOfAmounts>
      <TotalRevenue>8255653</TotalRevenue>
      <TotalExpenses>7698978</TotalExpenses>
      <ExcessOrDeficitForYear>556675</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>556675</ExcessOrDeficitPerFS>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="00000004">
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>MR KENNETH J KNUCKLES</NamePerson>
        <BaseCompensationFilingOrg>243929</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>60000</DeferredCompFilingOrg>
        <TotalCompensationFilingOrg>303929</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>216608</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MS HOPE D KNIGHT</NamePerson>
        <BaseCompensationFilingOrg>161887</BaseCompensationFilingOrg>
        <TotalCompensationFilingOrg>161887</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>173886</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MR BLAIR DUNCAN</NamePerson>
        <BaseCompensationFilingOrg>157745</BaseCompensationFilingOrg>
        <TotalCompensationFilingOrg>157745</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>168258</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="00000005" softwareId="09000048">
      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 19</Identifier>
        <Explanation>Available upon request at administrative office</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 11A</Identifier>
        <Explanation>Copy of Form 990 is reviewed with the BOD before filing</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 12c</Identifier>
        <Explanation>This is discussed at each annual meeting</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>