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        <NamePerson>WILLIAM OLSEN</NamePerson>
        <Title>PRINCIPAL</Title>
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        <NamePerson>JOSEPH TENBUSCH</NamePerson>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
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      <TotalCompGT150K>true</TotalCompGT150K>
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      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>K L GATES LLP</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
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            <State>IL</State>
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        </AddressOfContractor>
        <DescriptionOfServices>LEGAL</DescriptionOfServices>
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      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>CHICO NUNES PC</NamePerson>
        </NameOfContractor>
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          <AddressUS>
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            <City>CHICAGO</City>
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          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>LEGAL</DescriptionOfServices>
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      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>ILLINOIS FACILITIES FUND</NamePerson>
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          <AddressUS>
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      <ProgramServiceRevenue>
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      <ProgramServiceRevenue>
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      <ProgramServiceRevenue>
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        <ExclusionAmount>18717</ExclusionAmount>
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      <IncomeFromInvestBondProceeds>
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      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
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      <GrossRents>
        <Real>175839</Real>
      </GrossRents>
      <RentalIncomeOrLoss>
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      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>175839</TotalRevenueColumn>
        <ExclusionAmount>175839</ExclusionAmount>
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      <NetGainOrLossInvestments>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS</Description>
        <TotalRevenueColumn>499177</TotalRevenueColumn>
        <ExclusionAmount>499177</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>499177</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>48462224</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3424067</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>693733</ExclusionAmount>
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      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>42388</Total>
        <ProgramServices>42388</ProgramServices>
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      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
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      <CompCurrentOfficersDirectors>
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        <ProgramServices>121811</ProgramServices>
        <ManagementAndGeneral>226221</ManagementAndGeneral>
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      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>21372063</Total>
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        <ManagementAndGeneral>1943230</ManagementAndGeneral>
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        <ProgramServices>914228</ProgramServices>
        <ManagementAndGeneral>81699</ManagementAndGeneral>
        <Fundraising>8311</Fundraising>
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      <OtherEmployeeBenefits>
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        <ManagementAndGeneral>195333</ManagementAndGeneral>
        <Fundraising>19870</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
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        <ProgramServices>745132</ProgramServices>
        <ManagementAndGeneral>131475</ManagementAndGeneral>
        <Fundraising>13375</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>0</Total>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>66200</Total>
        <ManagementAndGeneral>66200</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>0</Total>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>642604</Total>
        <ProgramServices>66834</ProgramServices>
        <ManagementAndGeneral>575770</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>106409</Total>
        <ProgramServices>76959</ProgramServices>
        <ManagementAndGeneral>29450</ManagementAndGeneral>
      </Advertising>
      <OfficeExpenses>
        <Total>432593</Total>
        <ProgramServices>309558</ProgramServices>
        <ManagementAndGeneral>123035</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>2310165</Total>
        <ProgramServices>2178656</ProgramServices>
        <ManagementAndGeneral>131509</ManagementAndGeneral>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>3257539</Total>
        <ProgramServices>3255398</ProgramServices>
        <ManagementAndGeneral>2141</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>20483</Total>
        <ManagementAndGeneral>20483</ManagementAndGeneral>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>1443837</Total>
        <ProgramServices>1442432</ProgramServices>
        <ManagementAndGeneral>1405</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>1815503</Total>
        <ProgramServices>1747289</ProgramServices>
        <ManagementAndGeneral>68214</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>206357</Total>
        <ProgramServices>206357</ProgramServices>
      </Insurance>
      <OtherExpenses>
        <Description>PUPIL TRANSPORTATION</Description>
        <Total>245198</Total>
        <ProgramServices>245198</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BUILDING SECURITY</Description>
        <Total>58933</Total>
        <ProgramServices>58933</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SCHOOL LUNCH PROGRAM</Description>
        <Total>2239321</Total>
        <ProgramServices>2078082</ProgramServices>
        <ManagementAndGeneral>161239</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>BAND</Description>
        <Total>182016</Total>
        <ProgramServices>182016</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FIELD STUDIES</Description>
        <Total>234395</Total>
        <ProgramServices>219210</ProgramServices>
        <ManagementAndGeneral>15185</ManagementAndGeneral>
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      <AllOtherExpenses>
        <Total>5842554</Total>
        <ProgramServices>5126244</ProgramServices>
        <ManagementAndGeneral>686083</ManagementAndGeneral>
        <Fundraising>30227</Fundraising>
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      <TotalFunctionalExpenses>
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        <ProgramServices>40096822</ProgramServices>
        <ManagementAndGeneral>4458672</ManagementAndGeneral>
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      <JointCosts>X</JointCosts>
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      <TotalLiabilities>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TemporarilyRestrictedNetAssets>
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      <TotalNetAssetsFundBalances>
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        <EOY>20301476</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>55983840</BOY>
        <EOY>58654610</EOY>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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      <HeldWorksOfArtAmts />
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      <Buildings>
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        <BookValue>32626673</BookValue>
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      <Equipment>
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      </Equipment>
      <OtherLandBuildings>
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        <BookValue>262809</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>36401214</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>BOND ISSUANCE COSTS, NET</Description>
        <BookValue>2358296</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>CASH &amp; INVESTMENTS - BOND REST</Description>
        <BookValue>2541251</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>CASH - LEASE SECURITY DEPOSIT</Description>
        <BookValue>1317892</BookValue>
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      <OtherAssets>
        <Description>DEPOSITS</Description>
        <BookValue>6500</BookValue>
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        <Description>DEFFERRED LEASE INCENTIVE</Description>
        <Amount>3715519</Amount>
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        <Identifier>OTHER AMOUNTS</Identifier>
        <ReturnReference>PART XII #2D AND PART XIII #2D</ReturnReference>
        <Explanation>TRANSFER TO DAYCARE $20,000</Explanation>
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    </IRS990ScheduleD>
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      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
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      <GovtFinancialAidExplanation>THE SCHOOL RECEIVES PER CAPITA TUITION FROM CHICAGO PUBLIC SCHOOLS AND STATE AND FEDERAL GRANTS THROUGH OTHER GOVERNMENTAL AGENCIES.</GovtFinancialAidExplanation>
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      <Form990ScheduleIPartIII>
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        <Identifier>SCHOLARSHIPS</Identifier>
        <ReturnReference>SCHEDULE I PART I #2</ReturnReference>
        <Explanation>ELIGIBILITY - IN ORDER TO EARN A SCHOLARSHIP FROM THE NOBLE NETWORK ALUMNI OFFICE, A STUDENT MUST COMPLETE AN APPLICATION. CRITERIA - APPLICANTS MUST HAVE A 2.0 MINIMUM GPA. RECIPIENTS WILL BE CHOSEN BASED UPON A DISPLAY OF VALUES FOUND CONSISTENT WITHIN THE ENTIRE NOBLE NETWORK: SCHOLARSHIP - THE STUDENT DEMONTRATES A COMMITMENT TO HARD WORK AND GETTING EXTRA HELP TO ACHIEVE ACADEMIC GOALS. DISCIPLINE - THE STUDENT SERVES AS AN EXCELLENT ROLE MODEL FOR STUDENTS THROUGH THEIR BEHAVIOR AND SPIRIT. HONOR - THE STUDENT SHOWS CONCERN FOR OTHERS AND IS WILLING TO HELP THE NOBLE NETWORK ACHIEVE ITS MISSION. THE NETWORK ALUMNI COORDINATOR WILL VERIFY ENROLLMENT IN COLLEGE AND ADHERENCE TO THE TRAITS OF SCHOLARSHIP, DISCIPLINE, AND HONOR AS OUTLINED ABOVE. THE AMOUNT OF SCHOLARSHIP WILL BE BASED ON NEED AND AVAILABLE FUNDS.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
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      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
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      <InitialContractException>false</InitialContractException>
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        <NamePerson>MICHAEL MILKIE</NamePerson>
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        <BonusFilingOrg>20000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>6845</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
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        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
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        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>OLIVER SICAT</NamePerson>
        <BaseCompensationFilingOrg>97780</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>40000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2000</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>139780</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>PABLO SIERRA</NamePerson>
        <BaseCompensationFilingOrg>102599</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>40000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>142599</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ERIC W THOMAS</NamePerson>
        <BaseCompensationFilingOrg>102125</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>40000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>142125</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>WILLIAM OLSEN</NamePerson>
        <BaseCompensationFilingOrg>102049</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>40000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2246</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>144295</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JOSEPH TENBUSCH</NamePerson>
        <BaseCompensationFilingOrg>98817</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>40000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>7025</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>145842</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MARK LEON</NamePerson>
        <BaseCompensationFilingOrg>140069</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>7500</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>147569</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>ILLINOIS FINANCE AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>861091967</IssuerEIN>
        <CUSIPNumber>45203AAM9</CUSIPNumber>
        <DateIssued>2006-08-30</DateIssued>
        <IssuePrice>11383550</IssuePrice>
        <DescriptionOfPurpose>IFA SERIES 2006 - RENOVATION O</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>ILLINOIS FINANCE AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>861091967</IssuerEIN>
        <CUSIPNumber>45203ABN6</CUSIPNumber>
        <DateIssued>2007-05-31</DateIssued>
        <IssuePrice>13788150</IssuePrice>
        <DescriptionOfPurpose>IFA SERIES 2007 - RENOVATION O</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>11383550</TotalProceeds>
        <AmountInReserveFund>811519</AmountInReserveFund>
        <AmountDefeased>0</AmountDefeased>
        <AmountUnspent>0</AmountUnspent>
        <IssuanceCostsFromProceeds>225000</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>6963986</CapitalExpenditures>
        <YearOfSubstCompletion>2006</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>13788150</TotalProceeds>
        <AmountInReserveFund>979088</AmountInReserveFund>
        <AmountDefeased>0</AmountDefeased>
        <AmountUnspent>0</AmountUnspent>
        <IssuanceCostsFromProceeds>272400</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>11600376</CapitalExpenditures>
        <YearOfSubstCompletion>2007</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>true</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>true</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>true</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>true</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>COMPENSATION REVIEW</Identifier>
        <ReturnReference>PART VI #15</ReturnReference>
        <Explanation>The board of directors determine the compensation FOR THE ORGANIZATION'S SUPERINTENDENT &amp; CEO. SALARY FOR ALL OTHER employees is determined by management's research of COMPARABLE positions at comparable organizations. The SUPERINTENDENT &amp; CEO reviews AND APPROVES THE COMPENSATION ACCORDINGLY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CONFLICT OF INTEREST POLICY</Identifier>
        <ReturnReference>PART VI #12C</ReturnReference>
        <Explanation>THIS POLICY REQUIRES ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. NOBLE NETWORK OF CHARTER SCHOOLS MONITORS ITS COMPLIANCE BY REVIEWING DISCLOSURE STATEMENTS REGULARLY AND REQUIRING ALL PARTIES TO DISCLOSE POTENTIAL CONFLICTS OF INTERESTS AS THEY ARISE THROUGHOUT THE YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DISCLOSURE</Identifier>
        <ReturnReference>PART VI #19</ReturnReference>
        <Explanation>THE ORGANIZATION FURNISHES THIS INFORMATION UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER EXPENSES</Identifier>
        <ReturnReference>PART IX #24F</ReturnReference>
        <Explanation>DESCRIPTION TOTAL PROGRAM MGMT &amp; GENERAL FUNDRASING GRADUATION 62,029 62,029 ROTC 5,549 464 5,085 SPORTS 656,683 621,480 35,203 STAFF DEVELOPMENT 417,134 347,568 69,566 TEXTBOOKS 1,515,194 1,499,208 15,986 TUTORING 127,334 127,334 UNIFORMS 362,305 362,305 YEARBOOK 52,200 52,200 NATL HONOR SOCIETY 701 701 SENIOR COUNCIL 39,525 39,525 STUDENT COUNCIL 19,358 19,358 SENIOR CLASS 1,250 1,250 FIRE PROTECTION 157,003 156,039 964 GYM PROGRAM 68,198 68,198 MAINT. SERVICES 1,409,325 993,910 415,415 THEATER 829 829 FOOD EQUIPMENT 89,568 89,568 BAD DEBTS 63,632 63,632 EQUIPMENT LEASES 100,418 98,313 2,105 DAYCARE 94,535 83,429 11,106 RIGHT ANGLE 198,201 165,157 2,817 30,227 FURNITURE 282,975 176,203 106,772 MISCELLANEOUS 21,064 21,064 NIGHT SCHOOL 97,544 97,544 TOTAL 5,842,554 5,126,244 686,083 30,227</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990 REVIEW</Identifier>
        <ReturnReference>PART VI #11A</ReturnReference>
        <Explanation>MANAGEMENT ASSISTS IN PREPARING AND THEN REVIEWING A DRAFT OF FORM 990 PREPARED BY THE ORGANIZATION'S CPA FIRM. A FINAL COPY IS MADE AVAILABLE TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>BUSINESS INTERESTS</Identifier>
        <ReturnReference>PART IV #28C</ReturnReference>
        <Explanation>RON MANDERSCHIED IS AN OFFICER OF NORTHWESTERN UNIVERSITY SETTLEMENT ASSOCIATION (NUSA), A CHARITABLE 501C3 TAX-EXEMPT ORGANIZATION. NOBLE NETWORK OF CHARTER SCHOOLS (NNCS) LEASES SCHOOL SPACE FOR ONE ITS CAMPUSES FROM NUSA UNDER THE TERMS OF A WRITTEN LEASE AGREEMENT. JEAN SHERIDAN IS AN OFFICER AT NORTHERN TRUST, THE FINANCIAL INSTITUTION IN WHICH NNCS MAINTAINS ITS CASH ACCOUNTS AND FROM WHICH BORROWED A NOTE PAYABLE UNDER THE TERMS OF A WRITTEN PROMISSORY NOTE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMMITTEE MEETING MINUTES</Identifier>
        <ReturnReference>PART VI, SECTION A #8B</ReturnReference>
        <Explanation>NOBLE NETWORK OF CHARTER SCHOOLS WILL RECORD MEETING MINUTES FOR ALL COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY EFFECTIVE FOR THE FISCAL YEAR ENDING JUNE 30, 2011.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>NEW PROGRAM SERVICE</Identifier>
        <ReturnReference>PART III #2</ReturnReference>
        <Explanation>SEE PART III #4B.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OFFICERS, DIRECTORS, KEY EMPLOYEES</Identifier>
        <ReturnReference>PART VII</ReturnReference>
        <Explanation>EDISON URENA, FORMER BUSINESS MANAGER, TERMINATED JUNE 30, 2009. HIS 2009 W2 WAGES TOTALED $65,651, WHICH INCLUDED REGULAR EARNINGS ONLY.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>NOBLE DAY CARE L3C</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1333 W CHICAGO AVE</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>60642</ZIPCode>
        </AddressUS>
        <EIN>263214132</EIN>
        <PrimaryActivities>DAY CARE</PrimaryActivities>
        <LegalDomicileState>IL</LegalDomicileState>
        <TotalIncome>124440</TotalIncome>
        <EOYAssets>24369</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>NOBLE NETWOR</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
    </IRS990ScheduleR>
  </ReturnData>
</Return>