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          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>1687116</OtherCostOrOtherBasis>
        <Depreciation>36204</Depreciation>
        <BookValue>1650912</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>189873</OtherCostOrOtherBasis>
        <Depreciation>34523</Depreciation>
        <BookValue>155350</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>1806262</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>DUE TO RELATED ENTITY</Description>
        <Amount>595898</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>595898</TotalOfAmounts>
      <TotalRevenue>2871841</TotalRevenue>
      <TotalExpenses>2768921</TotalExpenses>
      <ExcessOrDeficitForYear>102920</ExcessOrDeficitForYear>
      <TotalAdjustments>0</TotalAdjustments>
      <ExcessOrDeficitPerFS>102920</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>2871841</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>2871841</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>2871841</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2768921</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>2768921</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>2768921</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>ALL MATERIALS FOR SOLICITING STUDENT REGISTRATION INCLUDE THE STATEMENT THAT MONARCH ACADEMY (OR "CHARTER SCHOOLS," DEPENDING ON THE PUBLICATION) IS (ARE) OPEN TO ALL STUDENTS IN ANNE ARUNDEL COUNTY, REGARDLESS OF TESTING OR SCREENING. THOSE MATERIALS INCLUDE A GENERAL BROCHURE, A MONARCH FACTSHEET THAT IS PART OF A REGISTRATION PACKET, A NEWSLETTER, A PARENT FLIER AND A SOLICITATION POSTCARD THAT WAS MAILED TO HOUSEHOLDS OF POTENTIAL STUDENTS. THE MONARCH ACADEMY WEBSITE ALSO INCLUDES A GENERAL FREQUENTLY-ASKED QUESTION THAT DESCRIBES A CHARTER SCHOOL AS BEING OPEN TO ALL STUDENTS REGARDLESS OF TESTING OR SCREENING, AND THE ADMISSIONS SECTION STATES "THE SCHOOL IS PUBLICLY-FUNDED AND OPEN TO ALL STUDENTS. TESTING AND SCREENING IS NOT REQUIRED FOR ADMISSION."</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>0</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <OrgDoesNotMaintainExplanation>THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE - IT IS A PUBLIC CHARTER SCHOOL</OrgDoesNotMaintainExplanation>
      <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>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>RECEIVED FUNDS FROM MARYLAND STATE DEPARTMENT OF EDUCATION</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 3</Identifier>
        <Explanation>THE CHILDREN'S GUILD, INC. HAS ASSISTED THE ACADEMY IN ESTABLISHING THE ACADEMY'S PROGRAM, OBTAINING FINANCING AND PEFORMING MANAGEMENT AND GENERAL ACTIVITIES ON THE ACADEMY'S BEHALF.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM FROM INFORMATION PROVIDED BY OUR INDEPENDENT AUDITORS AND BY FINANCE STAFF OF THE ACADEMY. THE 990 IS REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>The board of directors requires board members to submit and sign an annual conflict disclosure statement. The board reviews and approves all transactions with board members to insure the transaction is reasonable, that a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest is not possible, and the transaction is appropriate based on the business and financial objective involved. Any involved party cannot vote or participate in the review or approval. Effective march 17, 2009, the Organization will not enter into any transaction or arrangement with any director of the Organization, whether or not a conflict of interest is determined to exist, except for directors who had approved transactions or arrangements as of that date. Staff are required in the Personnel Handbook distributed to every staff member to comply with the conflict of interest and ethical practices policies.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION AT OUR ADMINISTRATIVE OFFICES AT 6802 MCCLEAN BOULEVARD IN BALTIMORE, MD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART XI, LINE 2C:</Identifier>
        <Explanation>THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>FORM 990, PART VIII AND PART IX: The Organization operates as a public charter school under a Charter School Agreement with Anne Arundel County (County). The Charter School Agreement defines the County's and the Organization's responsibilities in relation to the operation, management, and administration of the school. The school's operations are funded based upon a County determined "Per Pupil Expenditure Rate," which is established based upon the number of certified enrolled pupils at the charter school as of September 30th of each year. The employees of the public charter school remain employees of the County, and the expenditures related to salaries and benefits are deducted from the "Per Pupil Expenditure Rate," along with an administration fee withheld by the County, before the net funding proceeds are remitted to the organization monthly. The revenues, and the associated salaries, benefits, and fees have been reported within the Form 990 on a gross basis, rather than net, in order to provide a complete picture of the charter school's operations and costs.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>THE CHILDREN'S GUILD INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>6802 MCCLEAN BOULEVARD</AddressLine1>
          <City>BALTIMORE</City>
          <State>MD</State>
          <ZIPCode>21234</ZIPCode>
        </AddressUS>
        <EIN>520634411</EIN>
        <PrimaryActivities>MENTAL HEALTH CLINIC FOR CHILDREN AND THEIR FAMILIES</PrimaryActivities>
        <LegalDomicileState>MD</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>7 - 509(A)(1)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>THE CHILDREN'S GUILD INSTITUTE INC</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>THE CHILDREN'S GUILD INSTITUTE INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>6802 MCCLEAN BOULEVARD</AddressLine1>
          <City>BALTIMORE</City>
          <State>MD</State>
          <ZIPCode>21234</ZIPCode>
        </AddressUS>
        <EIN>263933104</EIN>
        <PrimaryActivities>ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE AND ASSIST CHILDREN'S GUILD</PrimaryActivities>
        <LegalDomicileState>MD</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>11 - 509(A)(3)</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>THE NATIONAL CHILDREN'S GUILD FUND INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>6802 MCCLEAN BOULEVARD</AddressLine1>
          <City>BALTIMORE</City>
          <State>MD</State>
          <ZIPCode>21234</ZIPCode>
        </AddressUS>
        <EIN>262723392</EIN>
        <PrimaryActivities>SUPPORTING THE CHILDREN'S GUILD, INC.</PrimaryActivities>
        <LegalDomicileState>MD</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>7 - 509(A)(1)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>THE CHILDREN'S GUILD INSTITUTE INC</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>1</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>1</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>THE CHILDREN'S GUILD INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>E</TransactionType>
        <AmountInvolved>595898</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>the children's guild inc</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>L</TransactionType>
        <AmountInvolved>140000</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
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