Civic Intelligence

Community of Vermont Elders

EIN 03-0347157 • 501(c)3 • Montpelier, VT

Profile

To promote and protect a higher quality of life for the state's seniors. Cove advances its mission through advocacy and education. It works with and for elder vermonters and the organizations that serve them to identify, interpret, and respond to critical issues that impact the dignity, security, and well being of seniors.

PO Box 1276Montpelier, VT 05601

www.vermontelders.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.07x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

58th percentile

6.4%

Higher net margin than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$47,509

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

57%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

-0.4%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$72,842

Up $26,402 (+57%) from 2019

Liabilities

Up

$23,243

Up $5,180 (+29%) from 2019

Net Assets

Up

$49,599

Up $21,222 (+75%) from 2019

Revenue

Down

$333,538

Down $1,205 (-0.4%) from 2019

Expenses

Down

$312,316

Down $62,515 (-17%) from 2019

Net Income

Up

$21,222

Up $61,310 (+153%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $243,805Liabilities 2010: $63,667Net Assets 2010: $180,1382010Assets 2011: $309,862Liabilities 2011: $112,289Net Assets 2011: $197,5732011Assets 2012: $289,265Liabilities 2012: $102,813Net Assets 2012: $186,4522012Assets 2013: $214,423Liabilities 2013: $47,835Net Assets 2013: $166,5882013Assets 2014: $206,955Liabilities 2014: $33,995Net Assets 2014: $172,9602014Assets 2015: $193,843Liabilities 2015: $46,340Net Assets 2015: $147,5032015Assets 2016: $151,861Liabilities 2016: $36,959Net Assets 2016: $114,9022016Assets 2017: $136,707Liabilities 2017: $26,997Net Assets 2017: $109,7102017Assets 2018: $91,123Liabilities 2018: $22,658Net Assets 2018: $68,4652018Assets 2019: $46,440Liabilities 2019: $18,063Net Assets 2019: $28,3772019Assets 2020: $72,842Liabilities 2020: $23,243Net Assets 2020: $49,5992020

Highlighted filing

2020

Assets$72,842
Liabilities$23,243
Net Assets$49,599

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2010: $350,935Expenses 2010: $368,115Net Income 2010: -$17,1802010Revenue 2011: $471,544Expenses 2011: $454,109Net Income 2011: $17,4352011Revenue 2012: $642,081Expenses 2012: $637,256Net Income 2012: $4,8252012Revenue 2013: $432,505Expenses 2013: $452,369Net Income 2013: -$19,8642013Revenue 2014: $390,361Expenses 2014: $383,989Net Income 2014: $6,3722014Revenue 2015: $336,117Expenses 2015: $361,574Net Income 2015: -$25,4572015Revenue 2016: $314,097Expenses 2016: $346,698Net Income 2016: -$32,6012016Revenue 2017: $380,732Expenses 2017: $385,924Net Income 2017: -$5,1922017Revenue 2018: $381,803Expenses 2018: $423,048Net Income 2018: -$41,2452018Revenue 2019: $334,743Expenses 2019: $374,831Net Income 2019: -$40,0882019Revenue 2020: $333,538Expenses 2020: $312,316Net Income 2020: $21,2222020

Highlighted filing

2020

Revenue$333,538
Expenses$312,316
Net Income$21,222

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$333,538
Mission and Program Overview

Mission

To promote and protect a higher quality of life for the state's seniors. Cove advances its mission through advocacy and education. It works with and for elder vermonters and the organizations that serve them to identify, interpret, and respond to critical issues that impact the dignity, security, and well being of seniors.

To promote and protect a higher quality of life for the state's seniors. Cove advances its mission through advocacy and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$43,427$52,690▲ $9,263
Cash and Non-Interest-Bearing Accounts$1,131$20,152▲ $19,021
Savings and Temporary Cash Investments$1,882--
Total Assets$46,440$72,842▲ $26,402
Liabilities
Other Liabilities$16,041$22,408▲ $6,367
Accounts Payable and Accrued Expenses$2,022$835▼ $1,187
Total Liabilities$18,063$23,243▲ $5,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,377$49,599▲ $21,222
Total Net Assets Fund Balance$28,377$49,599▲ $21,222
Total Liabilities and Net Assets / Fund Balance$46,440$72,842▲ $26,402
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ruby BakerExecutive DiPT$41,200$6,309$47,509

Board Members and Trustees

NameTitle
Jim HolwayPresident
Brenda SiegleBoard Member
Carol StamatakisBoard Member
Laura GansBoard Member
Laura SchlivekBoard Member
Lois WhitmoreBoard Member
Mary HarwoodBoard Member
Sam LissBoard Member
Steve PouliotTreasurer
Anore HortonVP/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$297,999
Program Service Revenue
$35,148
Investment Income
$1
Other Revenue
$390
All Other Contributions
$23,682
Change in Net Assets
$21,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$186,687
Other Expenses$125,629
Total Fundraising Expense$28,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,479$15,034$9,768$111,281
Fees for Services Other$57,507--$57,507
Current Officers, Directors, Trustees, and Key Employees$12,360$20,600$8,240$41,200
Office Expenses$12,949$12,201$2,391$27,541
Other Employee Benefits$11,867$4,278$2,162$18,307
Payroll Taxes$8,367$3,017$1,524$12,908
Fees for Services Accounting-$12,390-$12,390
Occupancy$5,250$1,893$957$8,100
Information Technology$4,911$1,738$907$7,556
Advertising-$2,406$2,406$4,812
Insurance$2,834$945-$3,779
Pension Plan Contributions$1,939$699$353$2,991
Travel$1,843--$1,843
Conferences and Meetings$1,449--$1,449
Other Expenses-$598-$598
Fees for Services Legal-$54-$54
Total Functional Expenses$207,755$75,853$28,708$312,316
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$390
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Pto$22,408
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director and the operations manager review form 990 prior to its being filed with the irs. Board members are provided a copy of the 990. If time allows, board members have an opportunity to review the form 990 prior to the filing date and may ask questions of the management or tax preparer in this regards.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is enforced by requiring board members to sign a conflict of interest statement stating they received, read and will comply with the organization's standards of conflict policy. On an ongoing basis board members are asked to disclose any potential conflicts that may arise and are reminded of this at the annual board meeting.

Form 990, Page 6, Part VI, Line 15A

The compensation of the executive director is subject to approval by the board of directors and any changes are evidenced by a memo signed by the chair of the finance committee.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Community of Vermont Elders Inc
EIN
03-0347157
Phone
8022294731
Address
PO BOX 1276, MONTPELIER, VT 05601

Signing Officer

Name
Ruby Baker
Title
Executive Director
Phone
8022294731
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruby Baker
Formed
1981
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
15

Preparer

Firm
Donna Samson-sprake CPA
Address
1070 GORE RD, BARRE, VT 05641
Preparer
Donna Samson-sprake
Phone
8024795196
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote and protect a higher quality of life for the state's seniors. Cove advances its mission through advocacy and education. It works with and for elder vermonters and the organizations that serve them to identify, interpret, and respond to critical issues that impact the dignity, security, and well being of seniors.

Form 990, Page 2, Part III, Line 4A

The largest program of the organization is vermont senior medicare patrol (vt-smp).smp's mission and message is to prevent medicare error, fraud,and abuse. Smp seeks to empower older vermonters by increased awareness and understanding of health care programs in order for individuals to prevent, detect, and report instances of medicare error, fraud, and abuse. During the first part of the pandemic, the program shifted to offer monthly remote educational presentations, biweekly email updates, quarterly newesletters and podcasts. Network building and materals development improved program outreach, even through digital avenues. Other programs of the organization included buidling bridges to services for older vermonters. The program focuses on general scam, fraud, and exploitation prevention. Cove also engages in public policy advocacy, research, and edcuation through a contract with the firm necrason group. The firm and executive director educatioe policy makers about issues affecting elders and works with both legislators and executive branch staff to get those issues addressed. During 2020 cove published a resource guide with the support of volunteers and staff. Copies were distributed across vermont reaching 3,000 vermonters. Additionally the guide was offered in a digital format that was downloaded and viewed hundreds of times on the cove website.

Form 990, Part IX, Line 11G

Policy work 15,000 0 0 misc contracts 42,507 0 0 total 57,507 0 0

Form 990, Part XI, Line 9

Refunds of office expenditures 0 cost of raffle fundraiser 0 cost of raffle fundraiser 0 refund of office expenditures 0

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IRS990/PensionPlanContributionsGrp/FundraisingAmt0353
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052690
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IRS990/PrincipalOfficerNm0RUBY BAKER
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING EVENTS 2,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0297999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0317036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0351164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0346707
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0262112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01575018
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0181
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0250
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0515
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt076676
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02000
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IRS990ScheduleA/PublicSupportPY170Pct00.99620
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0346707
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0262112
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01575018
IRS990ScheduleA/TotalSupportAmt01578533
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01000
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt015699
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt060582
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt041551
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt063034
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt074942
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt062797
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0242324
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt010616
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt012919
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt013604
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt010525
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt047664
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IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0197139
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0C.O.V.E. CONTRACTS WITH A LEGAL FIRM FOR POLICY ADVOCACY, EDUCATION AND LOBBYING SERVICES. C.O.V.E.'S LOBBYING ACTIVITIES INCLUDE FORMAL APPROACH AND TESTIMONY TO INFLUENCE SPECIFIC LEGISLATION TO IMPROVE THE DIGNITY, SECURITY AND WELL-BEING OF OLDER VERMONTERS. THE MAJORITY OF LOBBYING EXPENSES FOR 2020 ARE ASSOCIATED WITH PAYMENTS TO THE LEGAL FIRM WHO MONITORS FROM THE STATE HOUSE THE DIFFERENT LEGISLATVIE UPDATES AND CHANGES AFFECTING VERMONT ELDERS. THIS FIRM MAKES SURE C.O.V.E. IS KEPT UP TO DATE ON ANY CHANGES, SO THAT C.O.V.E. CAN FOLLOW THE TRAIL OF LEGISLATIVE BILLS AND POLICIES TO ACTUAL PROGRAM IMPLEMENTATION. VERMONT ELDERS ARE REPRESENTED DURING LEGISLATIVE SESSIONS. FORUMS ARE HELD THROUGHOUT THE STATE ENCOURAGING DIALOGUE BETWEEN LOCAL LEGISLATORS AND CITIZENS. ELDER ISSUES ARE RAISED AND REPRESENTED IN APPROXIMATELY 16 STATEWIDE TASK FORCES,ADVISORY AND PLANNING GROUPS, LEGISLATIVE STUDIES, ETC.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART IV
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IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt010616
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND PTO
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE AND PROTECT A HIGHER QUALITY OF LIFE FOR THE STATE'S SENIORS. COVE ADVANCES ITS MISSION THROUGH ADVOCACY AND EDUCATION. IT WORKS WITH AND FOR ELDER VERMONTERS AND THE ORGANIZATIONS THAT SERVE THEM TO IDENTIFY, INTERPRET, AND RESPOND TO CRITICAL ISSUES THAT IMPACT THE DIGNITY, SECURITY, AND WELL BEING OF SENIORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LARGEST PROGRAM OF THE ORGANIZATION IS VERMONT SENIOR MEDICARE PATROL (VT-SMP).SMP'S MISSION AND MESSAGE IS TO PREVENT MEDICARE ERROR, FRAUD,AND ABUSE. SMP SEEKS TO EMPOWER OLDER VERMONTERS BY INCREASED AWARENESS AND UNDERSTANDING OF HEALTH CARE PROGRAMS IN ORDER FOR INDIVIDUALS TO PREVENT, DETECT, AND REPORT INSTANCES OF MEDICARE ERROR, FRAUD, AND ABUSE. DURING THE FIRST PART OF THE PANDEMIC, THE PROGRAM SHIFTED TO OFFER MONTHLY REMOTE EDUCATIONAL PRESENTATIONS, BIWEEKLY EMAIL UPDATES, QUARTERLY NEWESLETTERS AND PODCASTS. NETWORK BUILDING AND MATERALS DEVELOPMENT IMPROVED PROGRAM OUTREACH, EVEN THROUGH DIGITAL AVENUES. OTHER PROGRAMS OF THE ORGANIZATION INCLUDED BUIDLING BRIDGES TO SERVICES FOR OLDER VERMONTERS. THE PROGRAM FOCUSES ON GENERAL SCAM, FRAUD, AND EXPLOITATION PREVENTION. COVE ALSO ENGAGES IN PUBLIC POLICY ADVOCACY, RESEARCH, AND EDCUATION THROUGH A CONTRACT WITH THE FIRM NECRASON GROUP. THE FIRM AND EXECUTIVE DIRECTOR EDUCATIOE POLICY MAKERS ABOUT ISSUES AFFECTING ELDERS AND WORKS WITH BOTH LEGISLATORS AND EXECUTIVE BRANCH STAFF TO GET THOSE ISSUES ADDRESSED. DURING 2020 COVE PUBLISHED A RESOURCE GUIDE WITH THE SUPPORT OF VOLUNTEERS AND STAFF. COPIES WERE DISTRIBUTED ACROSS VERMONT REACHING 3,000 VERMONTERS. ADDITIONALLY THE GUIDE WAS OFFERED IN A DIGITAL FORMAT THAT WAS DOWNLOADED AND VIEWED HUNDREDS OF TIMES ON THE COVE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR AND THE OPERATIONS MANAGER REVIEW FORM 990 PRIOR TO ITS BEING FILED WITH THE IRS. BOARD MEMBERS ARE PROVIDED A COPY OF THE 990. IF TIME ALLOWS, BOARD MEMBERS HAVE AN OPPORTUNITY TO REVIEW THE FORM 990 PRIOR TO THE FILING DATE AND MAY ASK QUESTIONS OF THE MANAGEMENT OR TAX PREPARER IN THIS REGARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS ENFORCED BY REQUIRING BOARD MEMBERS TO SIGN A CONFLICT OF INTEREST STATEMENT STATING THEY RECEIVED, READ AND WILL COMPLY WITH THE ORGANIZATION'S STANDARDS OF CONFLICT POLICY. ON AN ONGOING BASIS BOARD MEMBERS ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS THAT MAY ARISE AND ARE REMINDED OF THIS AT THE ANNUAL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS AND ANY CHANGES ARE EVIDENCED BY A MEMO SIGNED BY THE CHAIR OF THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6POLICY WORK 15,000 0 0 MISC CONTRACTS 42,507 0 0 TOTAL 57,507 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7REFUNDS OF OFFICE EXPENDITURES 0 COST OF RAFFLE FUNDRAISER 0 COST OF RAFFLE FUNDRAISER 0 REFUND OF OFFICE EXPENDITURES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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