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        <ProgramServicesAmt>404592</ProgramServicesAmt>
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        <ManagementAndGeneralAmt>13364</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>243827</ProgramServicesAmt>
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        <ManagementAndGeneralAmt>8249</ManagementAndGeneralAmt>
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      <InterestGrp>
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        <ProgramServicesAmt>165000</ProgramServicesAmt>
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        <ProgramServicesAmt>24246</ProgramServicesAmt>
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        <ManagementAndGeneralAmt>80326</ManagementAndGeneralAmt>
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      <PledgesAndGrantsReceivableGrp>
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        <EOYAmt>134264</EOYAmt>
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        <BOYAmt>5313210</BOYAmt>
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        <EOYAmt>798431</EOYAmt>
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      <TaxExemptBondLiabilitiesGrp>
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        <EOYAmt>39554</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>3685786</BOYAmt>
        <EOYAmt>10301037</EOYAmt>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
        <BOYAmt>1605086</BOYAmt>
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      <TemporarilyRstrNetAssetsGrp>
        <BOYAmt>22338</BOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>1627424</BOYAmt>
        <EOYAmt>2599121</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>5313210</BOYAmt>
        <EOYAmt>12900158</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>971697</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>true</FederalGrantAuditRequiredInd>
      <FederalGrantAuditPerformedInd>true</FederalGrantAuditPerformedInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc7">
      <SchoolInd>X</SchoolInd>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc3">
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        <OtherCostOrOtherBasisAmt>271792</OtherCostOrOtherBasisAmt>
        <BookValueAmt>271792</BookValueAmt>
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      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>3334458</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>411789</DepreciationAmt>
        <BookValueAmt>2922669</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>31174</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>12656</DepreciationAmt>
        <BookValueAmt>18518</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>4087451</OtherCostOrOtherBasisAmt>
        <BookValueAmt>4087451</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>7300430</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>DEFERRED RENT</Desc>
        <Amt>39554</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>39554</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>6429209</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>6429209</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>6429209</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>5457512</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>5457512</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>5457512</TotalExpensesPerForm990Amt>
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    <IRS990ScheduleE documentId="RetDoc4">
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      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>false</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>false</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>false</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>false</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>false</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>true</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED ON EVERY JOB DESCRIPTION, POSTED ON THE SCHOOL'S WEBSITE, AND INCLUDED IN IT S CHARTER APPLICATION WHICH IS PUBLICLY AVAILABLE ONLINE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL DOES NOT AWARD SCHOLARSHIPS AND OTHER FINANCIAL ASSITANCE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL RECEIVES REVENUE FROM THE FEDERAL AND STATE GOVERNMENTS FOR EDUCATIONAL PROGRAMS AND FROM THE STATE OF ARIZONA FOR STATE EQUALIZATION ASSISTANCE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleK documentId="RetDoc5">
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>THE INDUSTRIAL DEVELOPMENT AUTHORIT</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>MASTER CONSTRUCTION LOAN</BusinessNameLine2Txt>
        </IssuerName>
        <BondIssuerEIN>522038405</BondIssuerEIN>
        <CUSIPNum>00071885F</CUSIPNum>
        <BondIssuedDt>2018-10-04</BondIssuedDt>
        <IssuePriceAmt>10360000</IssuePriceAmt>
        <PurposeDesc>EDUCATION FACILITY REVENUE BONDS</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceedsAmt>10868622</TotalProceedsAmt>
        <InReserveFundAmt>630469</InReserveFundAmt>
        <CapitalizedInterestAmt>389000</CapitalizedInterestAmt>
        <IssuanceCostsFromProceedsAmt>537634</IssuanceCostsFromProceedsAmt>
        <CapitalExpendituresAmt>9129519</CapitalExpendituresAmt>
        <RefundingTaxExemptBondsInd>false</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>false</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
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      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>true</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>true</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>false</WrittenProcToMonitorReqsInd>
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      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>false</ProceduresCorrectiveActionInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE 990 IS THEN REVIEWED INTERNALLY BY VCP'S FINANCE TEAM BEFORE GOING TO THE FINANCE COMMITTEE FOR FURTHER REVIEW. FOLLOWING THE FINANCE COMMITTEE REVIEW, A COPY IS SHARED WITH THE BOARD PRIOR TO FILING</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS COMPLETE AND UPDATE CONFLICT OF INTEREST EACH YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS AN EXECUTIVE COMPENSATION POLICY AND ALONG WITH THE GOVERNING BOARD'S EVALUATION OF THE DIRECTOR'S PERFORMANCE EACH YEAR, THE SALARY IS SET. THE ORGANIZATION ALSO HAS A VERY COMPREHENSIVE EVALUATION PROCESS AS WELL.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>OTHER FEES 804,682 24,846 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>