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        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>6601 Hillcroft Ste 126</AddressLine1>
            <City>Hou</City>
            <State>TX</State>
            <ZIPCode>77081</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Security Services</DescriptionOfServices>
        <Compensation>254524</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>HISD Food Service</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>6801 Bennington</AddressLine1>
            <City>Houston</City>
            <State>TX</State>
            <ZIPCode>77028</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Food Services</DescriptionOfServices>
        <Compensation>570143</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>First Group America</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>17340 Rental Car Avenue</AddressLine1>
            <City>Houston</City>
            <State>TX</State>
            <ZIPCode>77032</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Transportation</DescriptionOfServices>
        <Compensation>2678842</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>19</NumberOfContractorsGT100K>
      <FundraisingEvents>741953</FundraisingEvents>
      <GovernmentGrants>48000665</GovernmentGrants>
      <AllOtherContributions>8691048</AllOtherContributions>
      <TotalContributions>57433666</TotalContributions>
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        <RelatedOrExemptFunctionIncome>4513615</RelatedOrExemptFunctionIncome>
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        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <GrossRents>
        <Real>492430</Real>
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      <RentalIncomeOrLoss>
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      </RentalIncomeOrLoss>
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      <NetGainOrLossInvestments>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>84450</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>741953</CntrbtnsRprtdFundraisingEvents>
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        <ExclusionAmount>-73477</ExclusionAmount>
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      </NetIncomeOrLoss>
      <OtherRevenueMisc>
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        <ExclusionAmount>12780</ExclusionAmount>
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        <ExclusionAmount>466886</ExclusionAmount>
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      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>67296</Total>
        <ProgramServices>67296</ProgramServices>
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      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>711701</Total>
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        <Fundraising>15230</Fundraising>
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      <CompDisqualPersons>
        <Total>0</Total>
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      <OtherSalariesAndWages>
        <Total>28033983</Total>
        <ProgramServices>25413929</ProgramServices>
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        <Fundraising>600142</Fundraising>
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      <PensionPlanContributions>
        <Total>511586</Total>
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      <OtherEmployeeBenefits>
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      <FeesForServicesManagement>
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        <ManagementAndGeneral>82539</ManagementAndGeneral>
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      <FeesForServicesAccounting>
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      <FeesForServicesLobbying>
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        <Fundraising>12900</Fundraising>
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      <Advertising>
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        <ManagementAndGeneral>210847</ManagementAndGeneral>
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      <Travel>
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        <ManagementAndGeneral>99281</ManagementAndGeneral>
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      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>387860</Total>
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        <ManagementAndGeneral>121260</ManagementAndGeneral>
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        <ManagementAndGeneral>3979267</ManagementAndGeneral>
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      <PaymentsToAffiliates>
        <Total>0</Total>
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      <DepreciationDepletion>
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        <ProgramServices>1870781</ProgramServices>
        <ManagementAndGeneral>123714</ManagementAndGeneral>
        <Fundraising>6323</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>466876</Total>
        <ProgramServices>427570</ProgramServices>
        <ManagementAndGeneral>30478</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>Transportation services</Description>
        <Total>2556891</Total>
        <ProgramServices>2556891</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Student materials &amp; activities</Description>
        <Total>1464729</Total>
        <ProgramServices>1464729</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Student field trips</Description>
        <Total>1075449</Total>
        <ProgramServices>1075449</ProgramServices>
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      <OtherExpenses>
        <Description>Furniture &amp; equipment</Description>
        <Total>1031093</Total>
        <ProgramServices>890426</ProgramServices>
        <ManagementAndGeneral>111992</ManagementAndGeneral>
        <Fundraising>28675</Fundraising>
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      <OtherExpenses>
        <Description>Food</Description>
        <Total>3031604</Total>
        <ProgramServices>3031604</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>795560</Total>
        <ProgramServices>439611</ProgramServices>
        <ManagementAndGeneral>183009</ManagementAndGeneral>
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        <ProgramServices>48719223</ProgramServices>
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      <InvestmentsOtherSecurities>
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      <InvestmentsProgramRelated>
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      <IntangibleAssets>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
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          <AddressLine2>RESTRICTED</AddressLine2>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <EndOfYearBalance>400000</EndOfYearBalance>
      </CurrentYear>
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        <BeginningOfYearBalance>300000</BeginningOfYearBalance>
        <Contributions>100000</Contributions>
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        <EndOfYearBalance>400000</EndOfYearBalance>
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      <PermanentEndowmentEOYBalance>0.47500</PermanentEndowmentEOYBalance>
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        <BookValue>25443115</BookValue>
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      <Buildings>
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        <Depreciation>8720300</Depreciation>
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      <LeaseholdImprovements>
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        <BookValue>12216901</BookValue>
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      <Equipment>
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        <BookValue>1142386</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>85693515</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>Due to PHILO Finance Corporation</Description>
        <Amount>2394585</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2394585</TotalOfAmounts>
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      <Form990ScheduleDPartXIV>
        <Identifier>Part XI, Line 8</Identifier>
        <ReturnReference>Part XI, Line 8: Other Changes in Net Assets or Fund Balances</ReturnReference>
        <Explanation>Transfer of funds to PHILO Finance Corp. $ -916696</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4</Identifier>
        <ReturnReference>Part V, Line 4: Intended uses of the endowment fund.</ReturnReference>
        <Explanation>The endowment provides a source of funds for college scholarships for deserving graduates of KIPP Houston.</Explanation>
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      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>KIPP, Inc. discloses its non-discrimination policy in admissions material and a public announcement is placed in the local paper and on its website.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>KIPP is the recipient of government grants from various federal, state, and local agencies.</GovtFinancialAidExplanation>
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      <EmailSolicitations>X</EmailSolicitations>
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      <TotalRetainedByContractors>12900</TotalRetainedByContractors>
      <EventsInformation>
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        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>Scholarship applications are distributed to all students in May. The Big Dog Committee meets once a year in June to award scholarships. We also meet during that time to review all current students receiving Big Dog funding. The committee will review their application materials, grades and financial aid award letter. This allows us to gain more context on the student's financial need, academic commitment and personal character. Once decisions are made all recipients are asked to come to campus to sign their contracts and tell us how they are going to "give back" or "pay back" the loan portion of the award. A percentage of the award is loan, so we ask the students to "pay back" this portion by volunteering at KIPP schools. KIPP Through College (KTC) will make check requests for all students once they arrive on their college campuses in the fall. The Big Dog award is split into two disbursements: fall semester and spring semesters. KTC will wait for the students fall semester grades to be mailed to us in January by the student before requesting the second half of the award for the spring semester. A student can renew their award if they are in good academic standing and giving back to KIPP. KTC works with the students to ensure that we have their spring semester grades.</Explanation>
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        <BaseCompensationFilingOrg>206876</BaseCompensationFilingOrg>
        <NontaxableBenefitsFilingOrg>3311</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>210187</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Duncan McCrann</NamePerson>
        <BaseCompensationFilingOrg>196652</BaseCompensationFilingOrg>
        <NontaxableBenefitsFilingOrg>3485</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>200137</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK.1" softwareId="09000047" softwareVersion="2009v1.7">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Lavernia Higher Education Finance Corp</BusinessNameLine1>
        </IssuerName>
        <DateIssued>2009-10-15</DateIssued>
        <IssuePrice>65175000</IssuePrice>
        <DescriptionOfPurpose>Construction &amp; Debt Service</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Texas Public Finance Authority</BusinessNameLine1>
        </IssuerName>
        <DateIssued>2007-02-15</DateIssued>
        <IssuePrice>34890000</IssuePrice>
        <DescriptionOfPurpose>Construction &amp; Debt Service</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>65175000</TotalProceeds>
        <AmountInReserveFund>3390773</AmountInReserveFund>
        <IssuanceCostsFromProceeds>2368063</IssuanceCostsFromProceeds>
        <CapitalExpenditures>59416165</CapitalExpenditures>
        <YearOfSubstCompletion>2011</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>false</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>34890000</TotalProceeds>
        <AmountInReserveFund>1345000</AmountInReserveFund>
        <IssuanceCostsFromProceeds>2365584</IssuanceCostsFromProceeds>
        <CapitalExpenditures>31179416</CapitalExpenditures>
        <YearOfSubstCompletion>2009</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>true</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>false</BondCounselRoutinelyEngaged>
        <PercentageOfPrvtBusinessReUBI>0.01000</PercentageOfPrvtBusinessReUBI>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>false</BondCounselRoutinelyEngaged>
        <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" softwareId="09000047" softwareVersion="2009v1.7">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>Upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>The compensation of other officers is reviewed annually for internal equity and compared to KIPP nationwide salary analysis to confirm reasonability.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>Annually a TEA governance questionnaire is distributed to officers and directors. The forms are tracked and reviewed for accuracy prior to sending to TEA.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>The business office management reviews the form with the Finance Committee of the Executive Board and distributes the form with explanatory memorandum to the Executive Board soliciting questions and comments prior to filing date.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>