Civic Intelligence

Learning Ally Inc.

990 • Fiscal year 2021 • EIN 13-1659345

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 01, 2021

20 Roszel RoadPrinceton, NJ 08540

(609) 243-7603

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.25x

Higher debt load relative to assets than 38% of similar nonprofits.

2021 filings • NTEE P • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.40x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • NTEE P • $25M-$50M nonprofits • Source year 2021

Net Margin

25th percentile

1.7%

Higher net margin than 25% of similar nonprofits.

2021 filings • NTEE P • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

87th percentile

$504,426

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2021 filings • NTEE P • $25M-$50M nonprofits • Source year 2021

Asset Growth

77th percentile

22%

Faster asset growth than 77% of similar nonprofits.

2021 filings • NTEE P • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

40%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • NTEE P • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$38,869,438

Up $6,895,131 (+22%) from 2020

Net Assets

Up

$29,324,995

Up $6,721,920 (+30%) from 2020

Liabilities

Up

$9,544,443

Up $173,211 (+1.8%) from 2020

Revenue

Up

$24,051,684

Up $6,812,107 (+40%) from 2020

Expenses

Up

$23,644,447

Up $2,968,206 (+14%) from 2020

Net Income

Up

$407,237

Up $3,843,901 (+112%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $50,269,397Liabilities 2010: $6,267,713Net Assets 2010: $44,001,6842010Assets 2011: $55,428,956Liabilities 2011: $6,363,984Net Assets 2011: $49,064,9722011Assets 2012: $45,474,088Liabilities 2012: $5,522,223Net Assets 2012: $39,951,8652012Assets 2013: $40,010,258Liabilities 2013: $4,792,248Net Assets 2013: $35,218,0102013Assets 2014: $37,285,349Liabilities 2014: $3,478,817Net Assets 2014: $33,806,5322014Assets 2015: $31,476,538Liabilities 2015: $3,139,086Net Assets 2015: $28,337,4522015Assets 2016: $31,553,823Liabilities 2016: $3,550,110Net Assets 2016: $28,003,7132016Assets 2017: $31,360,239Liabilities 2017: $3,643,903Net Assets 2017: $27,716,3362017Assets 2018: $31,345,967Liabilities 2018: $4,733,686Net Assets 2018: $26,612,2812018Assets 2019: $30,979,406Liabilities 2019: $6,107,591Net Assets 2019: $24,871,8152019Assets 2020: $31,974,307Liabilities 2020: $9,371,232Net Assets 2020: $22,603,0752020Assets 2021: $38,869,438Liabilities 2021: $9,544,443Net Assets 2021: $29,324,9952021Assets 2022: $38,562,596Liabilities 2022: $12,846,345Net Assets 2022: $25,716,2512022Assets 2023: $37,887,626Liabilities 2023: $14,817,463Net Assets 2023: $23,070,1632023Assets 2024: $40,746,463Liabilities 2024: $14,656,371Net Assets 2024: $26,090,0922024Assets 2025: $43,977,996Liabilities 2025: $10,512,670Net Assets 2025: $33,465,3262025

Highlighted filing

2021

Assets$38,869,438
Liabilities$9,544,443
Net Assets$29,324,995

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $50,414,9642010Revenue 2011: $33,222,897Expenses 2011: $28,548,207Net Income 2011: $4,674,6902011Expenses 2012: $25,790,1522012Revenue 2013: $17,392,589Expenses 2013: $23,486,433Net Income 2013: -$6,093,8442013Revenue 2014: $19,726,442Expenses 2014: $21,750,185Net Income 2014: -$2,023,7432014Revenue 2015: $16,291,229Expenses 2015: $20,197,796Net Income 2015: -$3,906,5672015Revenue 2016: $18,067,130Expenses 2016: $17,086,602Net Income 2016: $980,5282016Revenue 2017: $14,244,849Expenses 2017: $16,311,587Net Income 2017: -$2,066,7382017Revenue 2018: $17,304,467Expenses 2018: $17,323,663Net Income 2018: -$19,1962018Revenue 2019: $18,424,043Expenses 2019: $19,518,346Net Income 2019: -$1,094,3032019Revenue 2020: $17,239,577Expenses 2020: $20,676,241Net Income 2020: -$3,436,6642020Revenue 2021: $24,051,684Expenses 2021: $23,644,447Net Income 2021: $407,2372021Revenue 2022: $31,390,401Expenses 2022: $27,792,551Net Income 2022: $3,597,8502022Revenue 2023: $30,557,726Expenses 2023: $33,008,522Net Income 2023: -$2,450,7962023Revenue 2024: $30,981,748Expenses 2024: $29,244,437Net Income 2024: $1,737,3112024Revenue 2025: $29,363,092Expenses 2025: $23,997,684Net Income 2025: $5,365,4082025

Highlighted filing

2021

Revenue$24,051,684
Expenses$23,644,447
Net Income$407,237
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 1, 2021
Return Version
2020v4.0
Gross Receipts
$24,708,990
Mission and Program Overview

Mission

Learning ally, inc. 's mission is to promote personal achievement when access and reading are barriers to learning by advancing the use of accessible and effective educational solutions. (see attachment 1)

Learning ally is a leading national nonprofit education solutions organization dedicated to equipping educators with proven solutions that help struggling learners to reach their potential see attachment 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,075,269$21,865,304▲ $4,790,035
Accounts Receivable$2,976,713$4,170,385▲ $1,193,672
Land, Buildings, and Equipment, Net$2,513,862$2,382,941▼ $130,921
Savings and Temporary Cash Investments$1,712,783$1,733,691▲ $20,908
Pledges and Grants Receivable$1,816,914$1,600,622▼ $216,292
Prepaid Expenses and Deferred Charges$552,875$623,574▲ $70,699
Investments in Publicly Traded Securities$570,343$566,591▼ $3,752
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$31,974,307$38,869,438▲ $6,895,131
Other Assets Total$4,755,548$5,926,330▲ $1,170,782
Liabilities
Deferred Revenue$5,646,313$7,467,542▲ $1,821,229
Unsecured Notes Loans Payable$2,082,100--
Accounts Payable and Accrued Expenses$1,631,704$2,076,901▲ $445,197
Mortgage Notes Payable Secured by Investment Property$11,115--
Total Liabilities$9,371,232$9,544,443▲ $173,211
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,866,990$24,009,098▲ $3,142,108
Net Assets Without Donor Restrictions$1,736,085$5,315,897▲ $3,579,812
Total Net Assets Fund Balance$22,603,075$29,324,995▲ $6,721,920
Total Liabilities and Net Assets / Fund Balance$31,974,307$38,869,438▲ $6,895,131

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$306,692$8,918,578$9,225,270
Buildings$1,214,277$5,676,176$6,890,453
Equipment$5,462$4,564,875$4,570,337
Land$856,510-$856,510

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$13,038,341-▲ $4,036,970$1,224,936$15,850,375
2019$14,272,084-▲ $838,157$2,071,900$13,038,341
2018$13,728,104$27,152▲ $516,828-$14,272,084
2017$12,807,903-▲ $920,201-$13,728,104
2016$13,504,036-▲ $1,479,999$2,176,132$12,807,903
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew FriedmanPresident & CEOFT$304,259$200,167$504,426
Cynthia HamburgerCOO/CIOFT$265,663$119,331$389,653
Tim WilsonCFOFT$239,156$107,384$352,737
Lee PetersSenior Vice PresidentFT$244,509$103,828$347,625
Cheryl B LinChief Marketing OfficerFT$226,513$87,797$316,229
Jeffery HoVP - Research & InnovationFT$196,507$81,185$278,533
Heather L WiedersteinVP, Solutions DevelopmentFT$218,191$50,974$264,145
Steven M ValvanoVP, Great People, HRFT$181,856$57,295$240,619
Mona Yoast-FravelVP, Educator SuccessFT$199,117$33,714$234,894
Erin WalkerDirector Solution StrategyFT$164,739$65,352$230,275
Rebecca HatcherTeam Lead, Inside Sales RepFT$74,515$152,880$227,374
Robert A EdenzonVP of SalesFT$122,785$97,177$221,077
Jamey GildeaDirector Solutions ArchitectureFT$164,830$29,954$195,567
Shannon E Penrose-MadduxDirect, Dist Partnerships WestFT$133,763$64,844$193,258
Joan E PedleyDirector of MarketingFT$158,485$27,528$183,437
Carole A WilliamsDir., Dist. Partnerships, NEFT$141,320$42,682$182,814
Terrie L NolandVP Nat. Director Educator InitiativesFT$148,762$26,892$179,430
David KozemchakAVP, ProductionFT$133,113$47,899$178,842
Elissa TomasettiDirector of MarketingFT$158,205$20,537$175,288
April Louise ZayInside Sales RepresentativeFT$55,609$123,456$174,476
Julia CottonMgr of Develop. ITFT$126,185$49,446$174,433
Cynthia CortinaVP, Account ManagementFT$137,246$40,339$174,108
Thomas HetzelControllerFT$129,522$41,625$171,147
Cheryl KopecDir., Program ManagementFT$151,837$17,659$169,938
James PritchettLead Proc RedesignFT$130,612$32,335$166,066
Tom McCartneySenior DeveloperFT$118,789$41,298$163,275
Erin MoralesDir, giv & stratFT$140,512$5,144$145,656
Scott Bernard BurnsDirect, Dist WestFT$132,660$11,921$144,581

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Faircom New York INCDirect Marketing12 WEST 27TH ST, New York, NY 10001$422,901
Lat Long LLCTech & Product Dev347 Fifth Avenue Ste 1402-401, New York, NY 10016$313,200
NSR Holdings IncConsulting Marketing6800 Burleson Rd Buil 310 St 265, New York, NY 10016$184,308
Oracle America INCSoftware Firm15612 COLLECTIONS CTR DR, Chicago, IL 60693$139,879
Howard Sloan Search INCRecruiting Firm555 FIFTH AVE, New York, NY 10017$136,041
Revenue and Support

Revenue Composition

Contributions and Grants
$11,403,650
Program Service Revenue
$10,291,474
Investment Income
$524,395
Other Revenue
$1,832,165
All Other Contributions
$4,691,165
Change in Net Assets
$407,237

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded73$158,157Fair Market Value (FMV)
Books and Publications-$880Fair Market Value (FMV)
Total Noncash Contributions73$159,037-

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,045,913
Revenue Not Reported on Financial Statements
$5,771
Revenue Not Reported on Form 990
$9,214,647
Total Revenue per Audited Statements
$33,260,560
Total Revenue per Form 990
$24,051,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,261,180
Other Expenses$5,898,891
Total Fundraising Expense$1,406,536
Professional Fundraising Fees$388,376
Grants and Similar Amounts Paid$96,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,693,806$677,276$764,663$9,135,745
Current Officers, Directors, Trustees, and Key Employees$4,352,570$1,284,515-$5,637,085
Fees for Services Other$1,683,849$160,000$48,705$1,892,554
Other Employee Benefits$1,129,083$66,720$55,884$1,251,687
Payroll Taxes$869,473$114,481$60,910$1,044,864
Information Technology$474,162$442,649$11,996$928,807
Office Expenses$189,145$415,718$10,839$615,702
Fees for Services Professional Fundraising--$388,376$388,376
Fees for Services Legal-$342,274-$342,274
Advertising$312,462$336$622$313,420
Depreciation Depletion$233,109$79,322$516$312,947
Pension Plan Contributions$167,316$14,583$9,900$191,799
Occupancy$180,871--$180,871
Other Expenses$62,650$58,928$21,331$142,909
Insurance$70,648$59,160-$129,808
Fees for Services Accounting-$126,190-$126,190
Travel$52,267$28,922$2,352$83,541
Fees for Services Lobbying$66,754--$66,754
Grants to Domestic Individuals$66,000--$66,000
Grants to Domestic Orgs$30,000--$30,000
Conferences and Meetings$27,686-$250$27,936
Interest-$6,265-$6,265
Fees for Service Investment Mgmnt Fees-$5,771-$5,771
Total Functional Expenses$18,279,496$3,958,415$1,406,536$23,644,447

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,538,640
Total Expenses per Form 990$23,644,447
Expenses per Audited Statements$23,638,676
Expenses Not Reported on Form 990$2,899,964
Expenses Not Reported on Financial Statements$5,771
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charlottesville City SchoolsCharlottesville, VA-To Support Special Educ. Programs$15,000
PefcaCharlottesville, VA-To Support Special Educ. Programs$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$388,376
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Line 11B: Form 990 Review Process

Management prepares the annual tax form 990. Form 990 with supporting documentation is provided to a professional cpa firm with experience and expertise in not-for-profit tax return preparation. Once form 990 is reviewed by the cpa firm, management reviews the form, which is then presented to and reviewed and approved by the audit committee of the organization. Following their review, form 990 is made available to each voting member of the organization's governing body the board of trustees prior to filing with the irs. The organization's board of trustees has delegated to its audit committee the responsibility to oversee, review, and approve the federal form 990, including the preparation, review and filing process.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization regularly monitors and enforces compliance with its conflict of interest policy. Annually, all members of the board of trustees, officers, and senior management personnel are required to review the existing conflict of interest policy and complete a questionnaire to ensure compliance with the policy. The completed questionnaires are returned to the president's/ceo's office. Any potential conflicts are reviewed and resolved. Failure to comply with the organization's conflict of interest policy could lead to termination.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

SEE ATTACHMENT 4

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

SEE ATTACHMENT 4

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Learning ally, inc. Makes its form 990 and audited financial statements available on its website, www.learningally.org. The organization's governing documents and conflict of interest statement are available upon request and at management's discretion.

Filing and Contact Details

Filer

Filer Name
Learning Ally Inc
EIN
13-1659345
Phone
6092437603
Address
20 Roszel Road, Princeton, NJ 08540

Signing Officer

Name
Andrew Friedman
Title
President & CEO
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Friedman
Formed
1948
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
196
Volunteers
1,159

Preparer

Firm
Eisner Advisory Group LLC
Address
77 Tamarak Circle, Skillman, NJ 08558
Preparer
Douglas Tapp
Phone
7322437000
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Changes in Split Interest Agreements = $32327

Supplemental Information to Form 990

For additional information see attachment

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Learning ally, inc. 's endowment fund consists of approximately 40 individual donor-restricted funds established for the purpose of supporting the organization's mission-related programs. The endowment's principal is intended to be left untouched, while its income will be used to fund development, production and distribution of learning resources, national achievement awards and general operations.

Part X : FIN48 Footnote

The organization adopted the provisions of fasb interpretation no. 48 fin 48 accounting for uncertainties in income taxes an interpretation of fasb statement no.109, now incorporated in accounting standards codification asc 740. The internal revenue service has recognized learning ally as tax-exempt under section 501c3 of the internal revenue code. Management has analyzed the tax positions taken by the organization and has concluded that as of june 30, 2021 and 2020, there are no uncertain tax positions taken or expected to be taken that would require the recognition of a liability or disclosure in the financial statements. The organization recognizes accrued interest and penalties associated with uncertain tax provisions, if any. There were no income tax-related interest and penalties recorded for the years ended june 30, 2021 and 2020

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Changes in Split Interest Agreements $32327

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

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1COO/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Senior Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chief Marketing Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP - Research & Innovation
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP, Solutions Development
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP, Great People, HR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP, Educator Success
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director Solution Strategy
IRS990/Form990PartVIISectionAGrp/TitleTxt10Team Lead, Inside Sales Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP of Sales
IRS990/Form990PartVIISectionAGrp/TitleTxt12Dir. Solutions Architecture
IRS990/Form990PartVIISectionAGrp/TitleTxt13Direct, Dist Partnerships West
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director of Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt15Dir., Dist. Partnerships, NE
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP Nat. Dir. Educator Initiatives
IRS990/Form990PartVIISectionAGrp/TitleTxt17AVP, Production
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director of Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt19Inside Sales Representative
IRS990/Form990PartVIISectionAGrp/TitleTxt20Mgr of Develop. IT
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP, Account Management
IRS990/Form990PartVIISectionAGrp/TitleTxt22Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt23Dir., Program Management
IRS990/Form990PartVIISectionAGrp/TitleTxt24Lead Proc Redesign
IRS990/Form990PartVIISectionAGrp/TitleTxt25Senior Developer
IRS990/Form990PartVIISectionAGrp/TitleTxt26Dir, giv & strat
IRS990/Form990PartVIISectionAGrp/TitleTxt27Direct, Dist West
IRS990/Form990PartVIISectionAGrp/TitleTxt28Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt29Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt30Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt31Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt32Trustee

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$44.0$10.5$33.5$29.4$24.0$5.37
2024Detailed filing. Detailed filing data is available for this year.$40.7$14.7$26.1$31.0$29.2$1.74
2023Detailed filing. Detailed filing data is available for this year.$37.9$14.8$23.1$30.6$33.0$2.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.6$12.8$25.7$31.4$27.8$3.60
2021Detailed filing. Detailed filing data is available for this year.$38.9$9.54$29.3$24.1$23.6$0.41
2020Detailed filing. Detailed filing data is available for this year.$32.0$9.37$22.6$17.2$20.7$3.44
2019Detailed filing. Detailed filing data is available for this year.$31.0$6.11$24.9$18.4$19.5$1.09
2018Detailed filing. Detailed filing data is available for this year.$31.3$4.73$26.6$17.3$17.3$0.02
2017Detailed filing. Detailed filing data is available for this year.$31.4$3.64$27.7$14.2$16.3$2.07
2016Detailed filing. Detailed filing data is available for this year.$31.6$3.55$28.0$18.1$17.1$0.98
2015Detailed filing. Detailed filing data is available for this year.$31.5$3.14$28.3$16.3$20.2$3.91
2014Detailed filing. Detailed filing data is available for this year.$37.3$3.48$33.8$19.7$21.8$2.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.0$4.79$35.2$17.4$23.5$6.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.5$5.52$40.0$25.8
2011Summary only. Only limited summary data is available for this year.$55.4$6.36$49.1$33.2$28.5$4.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.3$6.27$44.0$50.4
Peer Organizations

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