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        </NameOfContractor>
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            <City>MINNEAPOLIS</City>
            <State>MN</State>
            <ZIPCode>55486</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>SCOREBOARD MAINT.</DescriptionOfServices>
        <Compensation>1599017</Compensation>
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      <ContractorCompensation>
        <NameOfContractor>
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        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
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            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30339</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>AUDIO/VISUAL</DescriptionOfServices>
        <Compensation>1597688</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>Brasfield Gorrie LLC</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
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            <City>KENNESAW</City>
            <State>GA</State>
            <ZIPCode>30144</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSTRUCTION</DescriptionOfServices>
        <Compensation>1436032</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
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          <NamePerson>American Stadium Payroll Services</NamePerson>
        </NameOfContractor>
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          <AddressUS>
            <AddressLine1>PO Box 25</AddressLine1>
            <City>ARNOLDSVILLE</City>
            <State>GA</State>
            <ZIPCode>30619</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>TEMP. STAFFING</DescriptionOfServices>
        <Compensation>794040</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>Borden Perlman Insurance</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
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            <State>NJ</State>
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          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>INSURANCE</DescriptionOfServices>
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      </ContractorCompensation>
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      <ProgramServiceRevenue>
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      <ProgramServiceRevenue>
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      <ProgramServiceRevenue>
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      <GrantsToDomesticOrgs>
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      </ForeignGrants>
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      </CompCurrentOfficersDirectors>
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      <Travel>
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      <TravelEntrtnmntPublicOfficials>
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      </TravelEntrtnmntPublicOfficials>
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      <OtherExpenses>
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      <OtherExpenses>
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        <ProgramServices>1797575</ProgramServices>
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      <OtherExpenses>
        <Description>MEDICAL FEES AND SUPPLIES</Description>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
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      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
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      <OtherLiabilities>
        <Description>DERIVATIVE INSTRUMENT PAYABLE</Description>
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      <ExcessOrDeficitForYear>3565405</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-68501</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-68501</TotalAdjustments>
      <ExcessOrDeficitPerFS>3496904</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>91670714</TotRevenueEtcAuditedFinclStmt>
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      <RevenueNotRptdF990>-68501</RevenueNotRptdF990>
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      <TotalExpensesPerForm990>88173810</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>FIN 48 FOOTNOTE</Identifier>
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        <Explanation>THE ENTITY'S AUDITED FINANCIAL STATEMENT INCLUDES THE FOLLOWING FOOTNOTE. UNDER GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) STATEMENT NUMBER 20, ACCOUNTING AND FINANCIAL REPORTING FOR PROPRIETARY FUNDS AND OTHER GOVERNMENTAL ENTITIES THAT USE PROPRIETARY FUND ACCOUNTING, THE ASSOCIATION HAS ELECTED NOT TO APPLY FINANCIAL ACCOUNTING STANDARDS BOARD PROVISIONS ISSUED AFTER NOVEMBER 30, 1989. THEREFORE, THE ENTITY IS NOT SUBJECT TO FIN 48.</Explanation>
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        <PurposeOfGrant>SEE PART IV</PurposeOfGrant>
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      <Form990ScheduleIPartIII>
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        <MethodOfValuation>FMV</MethodOfValuation>
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Equestrian Scholarships</TypeOfGrant>
        <NumberOfRecipients>14</NumberOfRecipients>
        <AmountOfCashGrant>558830</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Golf Scholarships</TypeOfGrant>
        <NumberOfRecipients>6</NumberOfRecipients>
        <AmountOfCashGrant>213970</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Gymnastics Scholarships</TypeOfGrant>
        <NumberOfRecipients>12</NumberOfRecipients>
        <AmountOfCashGrant>503484</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Soccer Scholarships</TypeOfGrant>
        <NumberOfRecipients>14</NumberOfRecipients>
        <AmountOfCashGrant>538372</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Softball Scholarships</TypeOfGrant>
        <NumberOfRecipients>11</NumberOfRecipients>
        <AmountOfCashGrant>519334</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Swimming Scholarships</TypeOfGrant>
        <NumberOfRecipients>14</NumberOfRecipients>
        <AmountOfCashGrant>654252</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Tennis Scholarships</TypeOfGrant>
        <NumberOfRecipients>7</NumberOfRecipients>
        <AmountOfCashGrant>306135</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Track Scholarships</TypeOfGrant>
        <NumberOfRecipients>17</NumberOfRecipients>
        <AmountOfCashGrant>734605</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Women's Volleyball Scholarships</TypeOfGrant>
        <NumberOfRecipients>11</NumberOfRecipients>
        <AmountOfCashGrant>509010</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Baseball Scholarships</TypeOfGrant>
        <NumberOfRecipients>12</NumberOfRecipients>
        <AmountOfCashGrant>436787</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Men's Basketball Scholarships</TypeOfGrant>
        <NumberOfRecipients>12</NumberOfRecipients>
        <AmountOfCashGrant>412471</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Football Scholarships</TypeOfGrant>
        <NumberOfRecipients>72</NumberOfRecipients>
        <AmountOfCashGrant>2368706</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Men's Golf Scholarships</TypeOfGrant>
        <NumberOfRecipients>4</NumberOfRecipients>
        <AmountOfCashGrant>155509</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Men's Swimming Scholarships</TypeOfGrant>
        <NumberOfRecipients>10</NumberOfRecipients>
        <AmountOfCashGrant>415291</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Men's Track Scholarships</TypeOfGrant>
        <NumberOfRecipients>11</NumberOfRecipients>
        <AmountOfCashGrant>393910</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Men's Tennis Scholarships</TypeOfGrant>
        <NumberOfRecipients>5</NumberOfRecipients>
        <AmountOfCashGrant>217163</AmountOfCashGrant>
        <MethodOfValuation>fmv</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Athletic Scholarship</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Form 990, Schedule I</Identifier>
        <ReturnReference>Description of Organization's Procedures for Monitoring the Use of Grants</ReturnReference>
        <Explanation>FOLLOWING NCAA RULES AND REGULATIONS, INDIVIDUAL COACHES DETERMINE HOW MUCH SCHOLARSHIP THEY WISH TO AWARD TO A STUDENT. THE INFORMATION IS FORWARDED TO THE ASSISTANT ATHLETIC DIRECTOR FOR ACADEMICS AND ELIGIBILITY, WHO IN TURN ISSUES SCHOLARSHIP PAPERS (SIGNING PAPERS) TO THE STUDENT. THE STUDENT SIGNS TO ACCEPT THE AWARD. REPORTS ARE CREATED AND SENT TO THE UGA FINANCIAL AID OFFICE TO HAVE THE SCHOLARSHIP PUT ON THE STUDENT'S AWARD LETTER. INFORMATION IS ALSO SENT TO THE BURSAR'S OFFICE WITH SPECIFICS OF WHICH STUDENTS GET WHAT AMOUNT OF MONEY DEFERRED BY ATHLETICS. THE BURSAR'S OFFICE BILLS THE ATHLETIC ASSOCIATION FOR THE DEFERMENTS (FOR TUITION, ROOM AND MEALS ON CAMPUS). THE ATHLETIC ASSOCIATION ALSO ISSUES CHECKS DIRECTLY TO STUDENTS IF THEY LIVE OFF CAMPUS AND RECEIVE SCHOLARSHIPS FOR ROOM AND MEALS. BOOK SCHOLARSHIPS ARE PROVIDED BY HAVING THE ATHLETIC COUNSELOR GIVE A CHARGE SLIP TO THE STUDENT WHICH LISTS THE BOOKS THEY ARE ALLOWED TO PURCHASE AT THE UGA BOOKSTORE. THE ATHLETIC ASSOCIATION RECEIVES A MONTHLY BILL FROM THE UGA BOOKSTORE TO PAY FOR THESE CHARGES. THE COUNSELORS ONLY ISSUE BOOK FORMS TO STUDENTS WHOSE NAMES APPEAR ON THE SCHOLARSHIP BOOK LIST PROVIDED BY THE ASSISTANT ATHLETIC DIRECTOR EACH SEMESTER. PURPOSE OF GRANT OR ASSISTANCE SCHEDULE I, PART II, LINE 1, COLUMN H SUPPORT FOR VARIOUS ACADEMIC AND SCHOLARSHIP NEEDS.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <FirstClassOrCharterTravel>X</FirstClassOrCharterTravel>
      <TravelForCompanions>X</TravelForCompanions>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>true</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Michael F Adams</NamePerson>
        <CompBasedOnRelatedOrgs>453597</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>9256</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>238837</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>18321</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>720011</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Jere W Morehead</NamePerson>
        <CompBasedOnRelatedOrgs>326042</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>22895</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>30954</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>8424</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>388315</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Timothy P Burgess</NamePerson>
        <CompBasedOnRelatedOrgs>253486</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>24383</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>27699</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>15567</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>321135</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>David E Shipley</NamePerson>
        <CompBasedOnRelatedOrgs>264792</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>144</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>22638</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>14721</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>302295</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Rodney Bennett</NamePerson>
        <CompBasedOnRelatedOrgs>224602</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>168</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>21075</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>14860</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>260705</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Anne L Sweaney</NamePerson>
        <CompBasedOnRelatedOrgs>125926</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>16597</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>15172</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>14721</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>172416</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Greg Robinson</NamePerson>
        <CompBasedOnRelatedOrgs>237841</CompBasedOnRelatedOrgs>
        <DeferredCompRelatedOrgs>25065</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>14860</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>277766</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Jeffery H Dorfman</NamePerson>
        <CompBasedOnRelatedOrgs>157346</CompBasedOnRelatedOrgs>
        <DeferredCompRelatedOrgs>14837</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>14775</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>186958</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Scott Shamp</NamePerson>
        <CompBasedOnRelatedOrgs>131057</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>144</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>14240</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>20997</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>166438</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>William G McGarity</NamePerson>
        <CompBasedOnRelatedOrgs>420256</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>32848</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>32756</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>23277</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>509137</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Frank Crumley</NamePerson>
        <CompBasedOnRelatedOrgs>196732</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>5600</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>20519</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>2703</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>225554</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Carla Williams</NamePerson>
        <CompBasedOnRelatedOrgs>158656</CompBasedOnRelatedOrgs>
        <OtherCompensationRelatedOrgs>24025</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>18761</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>20877</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>222319</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Mark Richt</NamePerson>
        <CompBasedOnRelatedOrgs>359995</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>2164500</BonusFilingOrg>
        <OtherCompensationRelatedOrgs>59461</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>420000</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>25186</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>20877</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>2584500</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>465519</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Mark Fox</NamePerson>
        <CompBasedOnRelatedOrgs>263014</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>1400000</BonusFilingOrg>
        <OtherCompensationRelatedOrgs>29186</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>100000</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>22638</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>17039</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>1500000</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>331877</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Todd Grantham</NamePerson>
        <CompBasedOnRelatedOrgs>293017</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>510000</BonusFilingOrg>
        <OtherCompensationRelatedOrgs>6429</OtherCompensationRelatedOrgs>
        <DeferredCompRelatedOrgs>22638</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>20517</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>510000</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>342601</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Andrew Landers</NamePerson>
        <CompBasedOnRelatedOrgs>236888</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>455000</BonusFilingOrg>
        <OtherCompensationRelatedOrgs>26909</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>25000</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>25119</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>20997</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>480000</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>309913</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>David Perno</NamePerson>
        <CompBasedOnRelatedOrgs>192057</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>241660</BonusFilingOrg>
        <OtherCompensationRelatedOrgs>6659</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>25000</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>20560</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>20877</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>266660</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>240153</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Part I, Line 1a</Identifier>
        <ReturnReference>First-class and charter travel</ReturnReference>
        <Explanation>OFFICERS AND KEY EMPLOYEES FLY FIRST CLASS ONLY THROUGH FREE UPGRADES EARNED FROM FREQUENT FLYER BENEFITS. THE UNIVERSITY OF GEORGIA ATHLETIC ASSOCIATION OWNS A PRIVATE PLANE AVAILABLE TO THIS GROUP TO USE FOR BUSINESS PURPOSES. HOWEVER, IF THE PLANE IS AT LEAST FILLED 50% WITH OCCUPANTS TRAVELING FOR A BONA FIDE BUSINESS PURPOSE, THESE INDIVIDUALS ARE ALLOWED TO FILL OPEN SEATS.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Part I, Line 1a</Identifier>
        <ReturnReference>Travel for companions</ReturnReference>
        <Explanation>OFFICERS AND KEY EMPLOYEES MAY BRING ASSOCIATES OR FAMILY MEMBERS ON A CHARTERED FLIGHT OR THE PRIVATE PLANE ONLY IF SEATS ARE AVAILABLE AND THE PLANE IS USED AT LEAST 50% FOR BUSINESS PURPOSES, COMPANIONS MAY FILL OPEN SEATS. IN THE EVENT OF SPOUSAL OR DEPENDENT TRAVEL OR NON-BUSINESS USE OF THE PRIVATE PLANE, THE FAIR MARKET VALUE OF SUCH USE IS ADDED AS A TAXABLE FRINGE BENEFIT TO THE EMPLOYEE'S W-2.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Part I, Line 1a</Identifier>
        <ReturnReference>Health and social club dues or initiation fees</ReturnReference>
        <Explanation>OFFICERS AND KEY EMPLOYEES PAY FOR SOCIAL CLUB MONTHLY DUES. UGAA REIMBURSES THEM 50% OF THE MONTHLY COST WITHOUT SUBSTANTIATION. THE REIMBURSEMENT IS TAXABLE COMPENSATION REPORTED ON FORM W-2. PART I, LINE 3 THE CHAIRMAN OF THE UNIVERSITY OF GEORGIA ATHLETIC ASSOCIATION IS PAID DIRECTLY BY THE UNIVERSITY OF GEORGIA, THE PARENT ENTITY, FOR HIS ROLE AS PRESIDENT OF THE UNIVERSITY. THE UNIVERSITY SYSTEM OF GEORGIA BOARD OF REGENTS ESTABLISHES THE PRESIDENT'S ANNUAL COMPENSATION THROUGH THE USE OF A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND THE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Part I, Line 4b</Identifier>
        <ReturnReference>SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN</ReturnReference>
        <Explanation>THE COMPENSATION REPORTED IN SCHEDULE J, PART II, COLUMN C INCLUDES DEFERRED COMPENSATION OF $200,000 PAID BY THE UNIVERSITY OF GEORGIA AS PART OF A 457(F) DEFERRED COMPENSATION PLAN.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>DVLPMNT AUTH OF GOVT OF ATHENS-CLARKE CTY GEORGIA</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>582613761</IssuerEIN>
        <CUSIPNumber>047059AR1</CUSIPNumber>
        <DateIssued>2003-08-28</DateIssued>
        <IssuePrice>36000000</IssuePrice>
        <DescriptionOfPurpose>SFTBLL/FTBLL STADIUM IMPROVEMENTS</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>DVLPMNT AUTH OF GOVT OF ATHENS-CLARKE CTY GEORGIA</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>582613761</IssuerEIN>
        <CUSIPNumber>047059AT7</CUSIPNumber>
        <DateIssued>2005-08-25</DateIssued>
        <IssuePrice>30000000</IssuePrice>
        <DescriptionOfPurpose>BSKTBLL STADIUM/GYMNASTICS FCLTY.</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>DVLPMNT AUTH OF GOVT OF ATHENS-CLARKE CTY GEORGIA</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>582613761</IssuerEIN>
        <CUSIPNumber>047059CE8</CUSIPNumber>
        <DateIssued>2011-04-21</DateIssued>
        <IssuePrice>67556766</IssuePrice>
        <DescriptionOfPurpose>SEE PART VI</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <AmountRetired>0</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>36230601</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>311804</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>33699490</CapitalExpenditures>
        <OtherSpentProceeds>2219307</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2005</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <AmountRetired>0</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>31940233</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>262507</IssuanceCostsFromProceeds>
        <CreditEnhancement>4863</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>30152939</CapitalExpenditures>
        <OtherSpentProceeds>1519924</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2008</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <AmountRetired>33100000</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>67556766</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>654504</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>32586692</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>1215570</AmountUnspent>
        <YearOfSubstCompletion>2011</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>false</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <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>
        <EngageBondCounselContracts>true</EngageBondCounselContracts>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.01080</PrcntgePrvtBusinessUseByOthers>
        <TotalPrivateBusinessUse>0.01080</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>true</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>true</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>BANK OF AMERICA</BusinessNameLine1>
        </NameOfHedgeProvider>
        <TermOfHedge>28.</TermOfHedge>
        <SuperintegratedHedge>false</SuperintegratedHedge>
        <HedgeTerminated>false</HedgeTerminated>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfGICProvider>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>true</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>true</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>BANK OF AMERICA</BusinessNameLine1>
        </NameOfHedgeProvider>
        <TermOfHedge>30.</TermOfHedge>
        <SuperintegratedHedge>false</SuperintegratedHedge>
        <HedgeTerminated>false</HedgeTerminated>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfGICProvider>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>true</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfHedgeProvider>
        <NameOfGICProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfGICProvider>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartVI>
        <Identifier>SCHEDULE K, PART I, COL. (F), BOND C</Identifier>
        <ReturnReference>0</ReturnReference>
        <Explanation>PURPOSE: 1) REFUND BONDS ORIGINALLY ISSUED ON SEPTEMBER 27, 2001; 2) CAPITAL IMPROVEMENTS TO REED PLAZA, STEGEMAN COLISEUM CONCOURSE EXPANSION AND FOR THE BUTTS-MEHRE ADDITION. TAX EXEMPT BOND POLICIES SCHEDULE K, PART IV TAX EXEMPT BOND POLICIES ARE CURRENTLY BEING WRITTEN AND IMPLEMENTED.</Explanation>
      </Form990ScheduleKPartVI>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>VOLUNTEERS</Identifier>
        <ReturnReference>Form 990, Part I, Question 6</ReturnReference>
        <Explanation>THE ATHLETIC ASSOCIATION HAS VOLUNTEER COACHES FOR ONE OF ITS TEAMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Description of Other Program Services</Identifier>
        <ReturnReference>Form 990, Part III, Line 4d</ReturnReference>
        <Explanation>OTHER COLLEGE ATHLETIC SPORTS ALONG WITH THEIR ASSOCIATED REVENUE STREAMS FROM CONTRIBUTIONS, SEC/NCAA DISTRIBUTIONS, MEDIA, LICENSING AND STUDENT FEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Describe the Process used by Management &amp;/or Governing Body to Review 990</Identifier>
        <ReturnReference>Form 990, Part VI, Question 11b</ReturnReference>
        <Explanation>FORM 990 IS PROVIDED TO BOARD MEMBERS PRIOR TO THE FILING DEADLINE WITH SUFFICIENT LEAD-TIME TO ALLOW THE BOARD MEMBERS TO REVIEW IT. THE UNIVERSITY OF GEORGIA'S ASSOCIATE CONTROLLER REVIEWS IT AND ALSO PROVIDES THE REQUIRED INFORMATION FOR THE COMPLETION OF THE FORM 990 TO THE TAX MANAGER WITH AN INDEPENDENT ACCOUNTING FIRM, WHICH FINISHES THE 990. THE EXECUTIVE DIRECTOR WITH THE INDEPENDENT ACCOUNTING FIRM ALSO ATTENDS THE BOARD MEETING TO REVIEW THE 990 AND ANSWER QUESTIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Description of Process to Monitor Transactions for Conflicts of Interest</Identifier>
        <ReturnReference>Form 990, Part VI, Question 12c</ReturnReference>
        <Explanation>PRIMARY MONITORING OF CONFLICT OF INTEREST IS DONE THROUGH THE COMPLETION OF A FORM BY BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY OF GEORGIA ATHLETIC ASSOCIATION, INC REQUESTING DISCLOSURE OF ALL RELATED ENTITIES AND TRANSACTIONS. ANY CONFLICTS NOTED ARE DISCUSSED AND APPROPRIATE ACTION TAKEN. IF A CONFLICT IS CONFIRMED, A PLAN FOR ALLEVIATING OR MANAGING THE CONFLICT IS IMPLEMENTED. INDIVIDUALS WITH POTENTIAL CONFLICTS MAY BE ASKED TO RECUSE AND ABSENT THEMSELVES FROM MEETINGS IN WHICH AN ALLEGED CONFLICT IS DISCUSSED IF SO DOING WOULD BETTER ASSURE THE INTEGRITY OF THE PROCESS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Offices &amp; Positions for Which Process was Used, &amp; Year Process was Begun</Identifier>
        <ReturnReference>Form 990, Part VI, Question 15a</ReturnReference>
        <Explanation>THE ATHLETIC DIRECTOR'S SALARY IS RECOMMENDED BY THE PRESIDENT OF THE UNIVERSITY OF GEORGIA. THE SALARY RECOMMENDATION IS THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT OF THE UNIVERSITY OF GEORGIA BEGAN DETERMINING THE SALARY OF THE ATHLETIC DIRECTOR WHEN THE POSITION BEGAN REPORTING DIRECTLY TO THE PRESIDENT IN 2004. SALARIES ARE ROUTINELY COMPARED TO NATIONAL AVERAGES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Offices &amp; Positions for Which Process was Used, &amp; Year Process was Begun</Identifier>
        <ReturnReference>Form 990, Part VI, Question 15b</ReturnReference>
        <Explanation>THE EXECUTIVE ASSOCIATE ATHLETIC DIRECTOR'S SALARY IS SET BY BENCHMARKING IN THE MARKET (COMPARED IN CONFERENCE AND NATIONALLY). COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY COMPARING DATA OR BENCHMARKING BOTH IN THE SEC AND NATIONALLY. RECOMMENDATIONS ARE MADE AND SUBMITTED TO THE EXECUTIVE ASSOCIATE ATHLETIC DIRECTOR FOR FINANCE AND ADMINISTRATION. SALARIES ARE REVIEWED BY THE ATHLETIC DIRECTOR FOR FINAL DETERMINATION. ALL SALARIES ARE THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AT THE SPRING BOARD MEETING. OFFICERS OF THE UNIVERSITY OF GEORGIA ATHLETIC ASSOCIATION, INC. BOARD OF DIRECTORS ARE EMPLOYED BY THE UNIVERSITY OF GEORGIA AND ARE COMPENSATED FOR THE ROLE PERFORMED FOR THE ATHLETIC ASSOCIATION BY THE UNIVERSITY OF GEORGIA. SALARIES HAVE ROUTINELY BEEN COMPARED TO NATIONAL AVERAGES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Avail of Gov Docs, Conflict of Interest Policy, &amp; Fin Stmts to Gen Public</Identifier>
        <ReturnReference>Form 990, Part VI, Question 19</ReturnReference>
        <Explanation>UNIVERSITY OF GEORGIA ATHLETIC ASSOCIATION'S WEB SITE ADVISES INTERESTED PARTIES THAT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Hours Worked for Related Organizations</Identifier>
        <ReturnReference>Form 990, Part VII, Column B</ReturnReference>
        <Explanation>MICHAEL F. ADAMS - 50 HOURS, UNIVERSITY OF GEORGIA JERE W. MOREHEAD - 50 HOURS, UNIVERSITY OF GEORGIA TIMOTHY P. BURGESS - 50 HOURS, UNIVERSITY OF GEORGIA DAVID E. SHIPLEY - 40 HOURS, UNIVERSITY OF GEORGIA RODNEY BENNETT - 40 HOURS, UNIVERSITY OF GEORGIA ANNE L. SWEANEY - 40 HOURS, UNIVERSITY OF GEORGIA GREG ROBINSON - 40 HOURS, UNIVERSITY OF GEORGIA JEFFREY H. DORFMAN - 40 HOURS, UNIVERSITY OF GEORGIA SCOTT SHAMP - 40 HOURS, UNIVERSITY OF GEORGIA JENNIFER SAMP - 40 HOURS, UNIVERSITY OF GEORGIA</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS OR FUND BALANCES</Identifier>
        <ReturnReference>FORM 990, PART XII, LINE 5</ReturnReference>
        <Explanation>NET UNREALIZED LOSSES ON INVESTMENTS - $68,501</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>University of Georgia</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>456 East Broad Street</AddressLine1>
          <City>Athens</City>
          <State>GA</State>
          <ZIPCode>30602</ZIPCode>
        </AddressUS>
        <EIN>586001998</EIN>
        <PrimaryActivities>University</PrimaryActivities>
        <LegalDomicileState>GA</LegalDomicileState>
        <ExemptCodeSection>GOV'T</ExemptCodeSection>
        <PublicCharityStatus>N/A</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>true</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>true</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>true</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>