Civic Intelligence

Heritage Pool and Racquet Club

EIN 04-2442699 • 501(c)7 • Concord, MA

Profile

The Heritage Pool & Racquet

148 Hawthorne LnConcord, MA 01742

www.theheritageclub.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.25x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.59x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

54th percentile

3.1%

Faster asset growth than 54% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

7.6%

Faster revenue growth than 57% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,573,800

Up $47,800 (+3.1%) from 2023

Liabilities

Down

$391,500

Down $42,800 (-9.9%) from 2023

Net Assets

Up

$1,182,300

Up $90,600 (+8.3%) from 2023

Revenue

Up

$661,900

Up $46,700 (+7.6%) from 2023

Expenses

Up

$571,300

Up $27,100 (+5.0%) from 2023

Net Income

Up

$90,600

Up $19,600 (+28%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $735,800Liabilities 2011: $146,900Net Assets 2011: $588,9002011Assets 2012: $870,100Liabilities 2012: $122,500Net Assets 2012: $747,6002012Assets 2013: $1,702,300Liabilities 2013: $893,600Net Assets 2013: $808,7002013Assets 2014: $1,737,800Liabilities 2014: $817,200Net Assets 2014: $920,6002014Assets 2015: $1,705,300Liabilities 2015: $758,400Net Assets 2015: $946,9002015Assets 2016: $1,693,900Liabilities 2016: $705,600Net Assets 2016: $988,3002016Assets 2017: $1,623,800Liabilities 2017: $651,500Net Assets 2017: $972,3002017Assets 2018: $1,617,400Liabilities 2018: $629,100Net Assets 2018: $988,3002018Assets 2019: $1,589,500Liabilities 2019: $588,100Net Assets 2019: $1,001,4002019Assets 2020: $1,565,000Liabilities 2020: $544,800Net Assets 2020: $1,020,2002020Assets 2021: $1,522,600Liabilities 2021: $507,700Net Assets 2021: $1,014,9002021Assets 2022: $1,460,300Liabilities 2022: $455,900Net Assets 2022: $1,004,4002022Assets 2023: $1,526,000Liabilities 2023: $434,300Net Assets 2023: $1,091,7002023Assets 2024: $1,573,800Liabilities 2024: $391,500Net Assets 2024: $1,182,3002024

Highlighted filing

2024

Assets$1,573,800
Liabilities$391,500
Net Assets$1,182,300

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $465,700Expenses 2011: $334,500Net Income 2011: $131,2002011Revenue 2012: $551,200Expenses 2012: $379,000Net Income 2012: $172,2002012Revenue 2013: $482,800Expenses 2013: $415,800Net Income 2013: $67,0002013Revenue 2014: $482,800Expenses 2014: $396,900Net Income 2014: $85,9002014Revenue 2015: $446,500Expenses 2015: $420,200Net Income 2015: $26,3002015Revenue 2016: $455,500Expenses 2016: $414,100Net Income 2016: $41,4002016Revenue 2017: $433,100Expenses 2017: $439,500Net Income 2017: -$6,4002017Revenue 2018: $468,700Expenses 2018: $471,600Net Income 2018: -$2,9002018Revenue 2019: $499,200Expenses 2019: $486,100Net Income 2019: $13,1002019Revenue 2020: $471,200Expenses 2020: $444,200Net Income 2020: $27,0002020Revenue 2021: $504,700Expenses 2021: $510,000Net Income 2021: -$5,3002021Revenue 2022: $548,400Expenses 2022: $558,900Net Income 2022: -$10,5002022Revenue 2023: $615,200Expenses 2023: $544,200Net Income 2023: $71,0002023Revenue 2024: $661,900Expenses 2024: $571,300Net Income 2024: $90,6002024

Highlighted filing

2024

Revenue$661,900
Expenses$571,300
Net Income$90,600

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.39$1.18$0.66$0.57$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.53$0.43$1.09$0.62$0.54$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.46$1.00$0.55$0.56$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.51$1.01$0.50$0.51$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.54$1.02$0.47$0.44$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.59$1.00$0.50$0.49$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.63$0.99$0.47$0.47$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.65$0.97$0.43$0.44$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.71$0.99$0.46$0.41$0.04
2015Summary only. Only limited summary data is available for this year.$1.71$0.76$0.95$0.45$0.42$0.03
2014Summary only. Only limited summary data is available for this year.$1.74$0.82$0.92$0.48$0.40$0.09
2013Summary only. Only limited summary data is available for this year.$1.70$0.89$0.81$0.48$0.42$0.07
2012Summary only. Only limited summary data is available for this year.$0.87$0.12$0.75$0.55$0.38$0.17
2011Summary only. Only limited summary data is available for this year.$0.74$0.15$0.59$0.47$0.33$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$668,800
Mission and Program Overview

Mission

The Heritage Pool & Racquet Club is a private, cooperative swim and tennis club. It is governed by club by-laws and a member-elected Board of Directors

The Heritage Pool & Racquet Club is a private, cooperative swimming tennis club.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,223,400$1,199,400▼ $24,000
Rtn Earn Endowment Incm Other Fnds$1,091,700$1,182,300▲ $90,600
Savings and Temporary Cash Investments$191,600$300,500▲ $108,900
Cash and Non-Interest-Bearing Accounts$101,700$64,100▼ $37,600
Intangible Assets$9,300$8,600▼ $700
Accounts Receivable-$1,200-
Total Assets$1,526,000$1,573,800▲ $47,800
Liabilities
Mortgage Notes Payable Secured by Investment Property$416,800$379,900▼ $36,900
Unsecured Notes Loans Payable$12,700$11,000▼ $1,700
Accounts Payable and Accrued Expenses$4,800$600▼ $4,200
Total Liabilities$434,300$391,500▼ $42,800
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,091,700$1,182,300▲ $90,600
Total Liabilities and Net Assets / Fund Balance$1,526,000$1,573,800▲ $47,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,160,000$813,000-
Other Land Buildings$26,000$4,600-
Land$13,400--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ward ChristopherPresident
Valle ThomasVice President
-Director
Hollywood MichaelDirector
Reynolds SuzanneDirector
Root CandaceDirector
Smith MichaelDirector
Solar LaurenClerk
Ramirez KathleenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$391,100
Program Service Revenue
$261,100
Investment Income
$7,700
Other Revenue
$2,000
Change in Net Assets
$90,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$346,900
Salaries, Compensation, and Employee Benefits$224,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$205,900$0$0$205,900
All Other Expenses$71,500$0$0$71,500
Occupancy$42,100$0$0$42,100
Depreciation Depletion$25,000$0$0$25,000
Interest$24,500$0$0$24,500
Fees for Services Accounting$22,600$0$0$22,600
Insurance$21,900$0$0$21,900
Payroll Taxes$18,500$0$0$18,500
Other Expenses$12,900$0$0$12,900
Office Expenses$7,300$0$0$7,300
Fees for Services Other$1,100$0$0$1,100
Fees for Services Legal$700$0$0$700
Total Functional Expenses$571,300$0$0$571,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Heritage Pool and Racquet Club
EIN
04-2442699
Phone
9783695199
Address
148 Hawthorne Ln, Concord, MA 01742

Signing Officer

Name
Kathleen Ramirez
Title
Treasurer
Phone
9783695199
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Ramirez
Formed
1968
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
45
Volunteers
24

Preparer

Firm
David Asadoorian CPA
Address
67 Peter Spring Rd, Concord, MA 01742
Preparer
David Asadoorian CPA
Phone
9783712599
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Two classes of membership are available depending upon the activities that the member wishes to partake in. Members are approved by the Board of Directors.

Pt VI, Line 7A

The membership elects the Board of Directors at the annual meeting.

Pt VI, Line 7B

The Organization can not assume a borrowing obligation without approval of the members.

Pt VI, Line 11B

The Board of Directors has deligated authority for review and approval of form 990 to the Treasurer.

Pt VI, Line 19

Governing documents are made available to the general public upon request.

Form 990, Part IX, Line 24E

Platform Tennis 71500. 71500. 0. 0.

Raw XML AppendixShowing 400 of 401 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Desc0A semi-private limited membership club serving approximately 200 family memberships. Club swim and tennis facilities fulfill local residents desire for a convenient, safe, and affordable means of obtaining summertime outdoor recreation, exercise, and socializing. Parents particularly appreciate the Club facilities and programs as a healthy alternative activity for their children during the summer months.
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IRS990/OtherExpensesGrp/TotalAmt242200
IRS990/OtherExpensesGrp/TotalAmt312900
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0205900
IRS990/OtherSalariesAndWagesGrp/TotalAmt0205900
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt018500
IRS990/PayrollTaxesGrp/TotalAmt018500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Kathleen Ramirez
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/BusinessCd3713990
IRS990/ProgramServiceRevenueGrp/BusinessCd4713990
IRS990/ProgramServiceRevenueGrp/Desc0Initiation Fees
IRS990/ProgramServiceRevenueGrp/Desc1Pool Program Fees
IRS990/ProgramServiceRevenueGrp/Desc2Tennis Program Fees
IRS990/ProgramServiceRevenueGrp/Desc3Other Fees
IRS990/ProgramServiceRevenueGrp/Desc4Special Events
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0108800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt169500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt422800
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0388100
IRS990/PYInvestmentIncomeAmt02000
IRS990/PYOtherExpensesAmt0339600
IRS990/PYOtherRevenueAmt02100
IRS990/PYProgramServiceRevenueAmt0223000
IRS990/PYRevenuesLessExpensesAmt071000
IRS990/PYSalariesCompEmpBnftPaidAmt0204600
IRS990/PYTotalExpensesAmt0544200
IRS990/PYTotalRevenueAmt0615200
IRS990/ReconcilationRevenueExpnssAmt090600
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01091700
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01182300
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0191600
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0300500
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01160000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0813000
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01973000
IRS990ScheduleD/LandGrp/BookValueAmt013400
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt013400
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04600
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt030600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01199400
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two classes of membership are available depending upon the activities that the member wishes to partake in. Members are approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The membership elects the Board of Directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization can not assume a borrowing obligation without approval of the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors has deligated authority for review and approval of form 990 to the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are made available to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Platform Tennis 71500. 71500. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01526000
IRS990/TotalAssetsEOYAmt01573800
IRS990/TotalAssetsGrp/BOYAmt01526000
IRS990/TotalAssetsGrp/EOYAmt01573800
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0391100
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0571300
IRS990/TotalFunctionalExpensesGrp/TotalAmt0571300
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0434300
IRS990/TotalLiabilitiesEOYAmt0391500
IRS990/TotalLiabilitiesGrp/BOYAmt0434300
IRS990/TotalLiabilitiesGrp/EOYAmt0391500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01091700
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01182300
IRS990/TotalProgramServiceRevenueAmt0261100
IRS990/TotalRevenueGrp/ExclusionAmt07700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0263100
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0661900
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01526000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01573800
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt012700
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt011000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0155 Old Bedford Rd
IRS990/USAddress/CityNm0Concord
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001742
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.theheritageclub.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kathleen Ramirez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09783695199
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Heritage Pool and Racquet Club
ReturnHeader/Filer/BusinessNameControlTxt0HERI
ReturnHeader/Filer/EIN0042442699
ReturnHeader/Filer/PhoneNum09783695199
ReturnHeader/Filer/USAddress/AddressLine1Txt0148 Hawthorne Ln
ReturnHeader/Filer/USAddress/CityNm0Concord
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001742
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043178180
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David Asadoorian CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt067 Peter Spring Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Concord
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001742
ReturnHeader/PreparerPersonGrp/PhoneNum09783712599
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Asadoorian CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-15T06:30:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31

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