Civic Intelligence

Staten Island Ballet Theater Inc

EIN 13-3759761 • 501(c)3 • Staten Island, NY

Profile

The organization promotes ballet arts programming and training for all groups and ages, advancing the arts economy and cultural enrichment.

3081 Richmond RoadStaten Island, NY 10306

www.statenislandballet.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.48x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

95th percentile

1.00x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

16th percentile

-42%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

88th percentile

$21,509

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

40th percentile

-10%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

29th percentile

-28%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$226,459

Down $25,825 (-10%) from 2024

Liabilities

Up

$334,122

Up $113,813 (+52%) from 2024

Net Assets

Down

-$107,663

Down $139,638 (-437%) from 2024

Revenue

Down

$333,238

Down $127,555 (-28%) from 2024

Expenses

Up

$472,876

Up $62,825 (+15%) from 2024

Net Income

Down

-$139,638

Down $190,380 (-375%) from 2024

Trend Graphs

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2011: $62,421Liabilities 2011: $26,575Net Assets 2011: $35,8462011Assets 2012: $52,045Liabilities 2012: $43,017Net Assets 2012: $9,0282012Assets 2013: $34,955Liabilities 2013: $193,882Net Assets 2013: -$158,9272013Assets 2014: $101,498Liabilities 2014: $184,297Net Assets 2014: -$82,7992014Assets 2015: $132,132Liabilities 2015: $214,895Net Assets 2015: -$82,7632015Assets 2016: $120,342Liabilities 2016: $13,792Net Assets 2016: $106,5502016Assets 2017: $168,410Liabilities 2017: $181,943Net Assets 2017: -$13,5332017Assets 2018: $41,175Liabilities 2018: $216,229Net Assets 2018: -$175,0542018Assets 2019: $115,609Liabilities 2019: $240,992Net Assets 2019: -$125,3832019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $171,509Liabilities 2021: $183,641Net Assets 2021: -$12,1322021Assets 2022: $263,367Liabilities 2022: $186,049Net Assets 2022: $77,3182022Assets 2023: $153,308Liabilities 2023: $182,075Net Assets 2023: -$28,7672023Assets 2024: $252,284Liabilities 2024: $220,309Net Assets 2024: $31,9752024Assets 2025: $226,459Liabilities 2025: $334,122Net Assets 2025: -$107,6632025

Highlighted filing

2025

Assets$226,459
Liabilities$334,122
Net Assets-$107,663

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $389,1322011Expenses 2012: $449,0232012Revenue 2013: $302,699Expenses 2013: $388,303Net Income 2013: -$85,6042013Revenue 2014: $498,635Expenses 2014: $495,262Net Income 2014: $3,3732014Revenue 2015: $407,517Expenses 2015: $498,192Net Income 2015: -$90,6752015Revenue 2016: $469,542Expenses 2016: $427,844Net Income 2016: $41,6982016Revenue 2017: $444,684Expenses 2017: $439,373Net Income 2017: $5,3112017Revenue 2018: $420,267Expenses 2018: $368,431Net Income 2018: $51,8362018Revenue 2019: $420,562Expenses 2019: $428,560Net Income 2019: -$7,9982019Revenue 2020: $409,799Expenses 2020: $420,479Net Income 2020: -$10,6802020Revenue 2021: $158,063Expenses 2021: $133,320Net Income 2021: $24,7432021Revenue 2022: $411,136Expenses 2022: $321,686Net Income 2022: $89,4502022Revenue 2023: $338,629Expenses 2023: $444,714Net Income 2023: -$106,0852023Revenue 2024: $460,793Expenses 2024: $410,051Net Income 2024: $50,7422024Revenue 2025: $333,238Expenses 2025: $472,876Net Income 2025: -$139,6382025

Highlighted filing

2025

Revenue$333,238
Expenses$472,876
Net Income-$139,638

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.26$3.34$1.08$3.33$4.73$1.40
2024Detailed filing. Detailed filing data is available for this year.$2.52$2.20$0.32$4.61$4.10$0.51
2023Detailed filing. Detailed filing data is available for this year.$1.53$1.82$0.29$3.39$4.45$1.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$1.86$0.77$4.11$3.22$0.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$1.84$0.12$1.58$1.33$0.25
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$4.10$4.20$0.11
2019Summary only. Only limited summary data is available for this year.$1.16$2.41$1.25$4.21$4.29$0.08
2018Summary only. Only limited summary data is available for this year.$0.41$2.16$1.75$4.20$3.68$0.52
2017Summary only. Only limited summary data is available for this year.$1.68$1.82$0.14$4.45$4.39$0.05
2016Summary only. Only limited summary data is available for this year.$1.20$0.14$1.07$4.70$4.28$0.42
2015Summary only. Only limited summary data is available for this year.$1.32$2.15$0.83$4.08$4.98$0.91
2014Summary only. Only limited summary data is available for this year.$1.01$1.84$0.83$4.99$4.95$0.03
2013Summary only. Only limited summary data is available for this year.$0.35$1.94$1.59$3.03$3.88$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.43$0.09$4.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.27$0.36$3.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Mar 17, 2026
Return Version
2024v5.0
Gross Receipts
$374,289
Mission and Program Overview

Mission

The organization promotes ballet arts programming and training for all groups and ages, advancing the arts economy and cultural enrichment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$218,798$326,127▲ $107,329
Land, Buildings, and Equipment, Net$159,292$142,632▼ $16,660
Cash and Non-Interest-Bearing Accounts$90,476$74,152▼ $16,324
Prepaid Expenses and Deferred Charges-$6,359-
Accounts Receivable$1,516$2,316▲ $800
Investments in Publicly Traded Securities$1,000$1,000→ $0
Total Assets$252,284$226,459▼ $25,825
Liabilities
Accounts Payable and Accrued Expenses$1,511$7,995▲ $6,484
Total Liabilities$220,309$334,122▲ $113,813
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,975$-107,663▼ $139,638
Total Net Assets Fund Balance$31,975$-107,663▼ $139,638
Total Liabilities and Net Assets / Fund Balance$252,284$226,459▼ $25,825

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$142,632$208,707$351,339
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lucia Dichiara EsqChief OperatPT$21,509$21,509

Board Members and Trustees

NameTitle
Ellen TharpChair
Danielle DemasayBoard Member
Donald G DerosaBoard Member
Eugene SorensenBoard Member
Laurie WetzlerBoard Member
Linda ConniffBoard Member
Michelle DesantisBoard Member
Norvilel JackBoard Member
Nouko Ohashi WilsonBoard Member
Roseann SorensenBoard Member
Virginia AllenBoard Member
Christine DistasiosBoard Secret
Paul TharpExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$107,431
Program Service Revenue
$209,363
Investment Income
$63
Other Revenue
$16,381
All Other Contributions
$45,216
Change in Net Assets
$-139,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$333,238
Revenue Not Reported on Form 990
$41,051
Total Revenue per Audited Statements
$374,289
Total Revenue per Form 990
$333,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,811
Salaries, Compensation, and Employee Benefits$209,065
Total Fundraising Expense$57,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,476$13,164$14,627$146,267
Travel$35,002-$15,429$50,431
Payroll Taxes$33,444$3,716$4,129$41,289
Current Officers, Directors, Trustees, and Key Employees$17,422$1,936$2,151$21,509
Occupancy$19,270--$19,270
Depreciation Depletion$16,985--$16,985
All Other Expenses$8,837$6,953$256$16,046
Office Expenses$5,771$567$7,260$13,598
Other Expenses$8,067$3,429$3,973$12,040
Insurance$3,893$5,160-$9,053
Fees for Services Accounting-$6,591-$6,591
Advertising$172$38-$210
Total Functional Expenses$374,112$41,554$57,210$472,876

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$513,927
Expenses per Audited Statements$472,876
Total Expenses per Form 990$472,876
Expenses Not Reported on Form 990$41,051
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,432
Fundraising Direct Expenses$41,051
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$61,842$51,092-$51,092
Honors$17,115$6,340-$6,340
Total Events$78,957$57,432$41,051$16,381
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$218,798$326,127▲ $107,329
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
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 2

Paul tharp ellen tharp exec directo chair spouses roseann sorensen eugene sorensen board member board member spouses

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

The board and its various committees discuss issues at regular and special meetings regarding the compliance under the purview of its written policies on ethics, governance, whistleblower protections, diversity and general community.

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

Organization files mandated disclosure forms with the nyc department of cultural affirs as required by contracts.

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

Executive leadership and the board review and discuss, as needed.

Form 990, Page 6, Part VI, Line 18

The annual form 990 covering the organization's history is available upon request from the organization at 718-980-0500, 3081 richmond road, staten island, ny 10306, and also easily available free on the website of the new york state attorney general's charities bureau.

Form 990, Page 6, Part VI, Line 19

The annual 990 covering the organization's history is avaiable upon request from the organization at 718-980-0500, 3081 richmond road, staten island, ny 10306, and also easily available free on the website of the new york state attorney general's charities bureau.

Filing and Contact Details

Filer

Filer Name
Staten Island Ballet Theater Inc
EIN
13-3759761
Phone
7189800500
Address
3081 RICHMOND ROAD, STATEN ISLAND, NY 10306

Signing Officer

Name
Paul Tharp
Title
Executive Director
Phone
7189800500
Signed
2026-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Tharp
Formed
1993
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
12
Employees
27
Volunteers
20

Preparer

Firm
Desantis Kiefer Shall & Sarcone Llp
Address
1675 RICHMOND ROAD, STATEN ISLAND, NY 10304-2317
Preparer
Nicole M Bulcroft CPA
Phone
7183512233
Supplemental Narrative

Additional Explanations

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

Staten island ballet theater (sibt) provided professional programming designed to help enrich cultural experiences for all residents in the city's remote borough of 492,925 people, particularly among blacks, hispanics, and other marginalized groups. Programming in fiscal year 07/01/2024 - 06/20/2025 included year-round training in the ballet arts and staged ballet events at sibt's landmark studio building in the sea view farm colony historic district campus, and at the mainstage williamson theatre at the college of staten island center for the arts. Sibt provided 836 conservatory classes for students in grades 1-12 , as well as 8 adults. It produced 15 staged productions at two ada-compliant venues: the 440-seat williamson theatre, and in sibt's own 55-seat studio theater featuring risers, wings, stage led-lighting, a lobby, three restrooms, and private dressing rooms. Events included: (1)dance up series of original works in-progress and classical favorites from the repertoire , for a total of 6 shows in the intimate studio theater venue in the sea view/farm colony historic district. Tickets are 25 tickets 20; 07/20/2024, 3pm &7:30 pm; 07/27/2024, 3pm &7:30 pm; 05/25/2024, 3 pm & 7 pm; 06/15/2025, 1pm. Excerpts from the repertoire and new works-in-progress. (2) the nutcracker, 5 shows, williamson theatre, 12/12/2024, 5 pm; 12/14/2024 - 12/19/2025, 2 pm & 5pm; 1,768 paid tickets, 85 orchestra, 60 balcony. The 2-hour show used broadway sets in three acts, special effects and a cast of 24 professional dancers. Free tickets to sibt's mainstage production of the nutcracker were given to deserving recipients via sibt's network of community partners and our diversity director virginia allen, a respected black cultural leader and recent recipient of an honorary doctorate of letters from the collee of staten island. A total of 442 free tickets valued at 36260 were provided to sibt's outreach partners that serve a broad constituency. Group discounts of up to 30 percent were available to partner constituencies, but no group sales occurred during the period. Artists and technicians were also hired from the city's diverse talent pool, and paid industry scale wages as w-2 employees, with mandated benefits. Ballet classes were provided year-round monday through friday, 3 pm to 7 pm, and on saturday 9 am to 4 pm. A summer intensive of all-day classes was also provided to 24 students, monday-friday during three weeks in august 2025. Auditioning for college scholarships was also taught along with choreography pieces tailored to a student's strengths. Three students were offered scholarship aid at separate universities for the fall of 2025. Credits of teaching artists include marie fichaux (paris opera ballet, royal ballet); karina teran (balasole dance); michele moreno (national ballet of caracas, national ballet of cuba); jilian pizzi (barnard college- phi beta kappa, under katie glasner); ellen tharp (former manhattan ballet principal, graduate fordham-lincoln center and the american academy of dramatic arts, also stage and tv credits, member sag-aftra). Participants were reached through outreach by sibt partners, school referrals and online face book exposure, including two podcasts on the latest science in dance wellness. Scholarships totaling 19,400 (waived tuition) and ranging from 800 to 3,000, were awarded to 15 candidates based on talent, motivation and financial need, an average of 1,293. Markeketing relied on paid ads in newspapers, church bulletins, social media and sibt's mailing list of 2,400 ticket buyers and weekly email audience of 2,270 average supporters.

Form 990, Part XI, Line 9

Fundraising expenses 41,051 fundraising expenses -41,051 book / tax depreciation difference 1 total 1

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is subject to the provisions of fasb asc topic 740, income taxes, as it relates to accounting and reporting for uncertainty in income taxes. Because of the organization's general tax-exempt status, asc topic 740 has not had, and is not expected to have, a material impact on its financial statements.

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses 41,051

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses 41,051

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 1

Raw XML AppendixShowing 400 of 504 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.

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IRS990/Desc0STATEN ISLAND BALLET THEATER (SIBT) PROVIDED PROFESSIONAL PROGRAMMING DESIGNED TO HELP ENRICH CULTURAL EXPERIENCES FOR ALL RESIDENTS IN THE CITY'S REMOTE BOROUGH OF 492,925 PEOPLE, PARTICULARLY AMONG BLACKS, HISPANICS, AND OTHER MARGINALIZED GROUPS. PROGRAMMING IN FISCAL YEAR 07/01/2024 - 06/20/2025 INCLUDED YEAR-ROUND TRAINING IN THE BALLET ARTS AND STAGED BALLET EVENTS AT SIBT'S LANDMARK STUDIO BUILDING IN THE SEA VIEW FARM COLONY HISTORIC DISTRICT CAMPUS, AND AT THE MAINSTAGE WILLIAMSON THEATRE AT THE COLLEGE OF STATEN ISLAND CENTER FOR THE ARTS. SIBT PROVIDED 836 CONSERVATORY CLASSES FOR STUDENTS IN GRADES 1-12 , AS WELL AS 8 ADULTS. IT PRODUCED 15 STAGED PRODUCTIONS AT TWO ADA-COMPLIANT VENUES: THE 440-SEAT WILLIAMSON THEATRE, AND IN SIBT'S OWN 55-SEAT STUDIO THEATER FEATURING RISERS, WINGS, STAGE LED-LIGHTING, A LOBBY, THREE RESTROOMS, AND PRIVATE DRESSING ROOMS. EVENTS INCLUDED: (1)DANCE UP SERIES OF ORIGINAL WORKS IN-PROGRESS AND CLASSICAL FAVORITES FROM THE REPERTOIRE , FOR A TOTAL OF 6 SHOWS IN THE INTIMATE STUDIO THEATER VENUE IN THE SEA VIEW/FARM COLONY HISTORIC DISTRICT. TICKETS ARE 25 TICKETS 20; 07/20/2024, 3PM &7:30 PM; 07/27/2024, 3PM &7:30 PM; 05/25/2024, 3 PM & 7 PM; 06/15/2025, 1PM. EXCERPTS FROM THE REPERTOIRE AND NEW WORKS-IN-PROGRESS. (2) THE NUTCRACKER, 5 SHOWS, WILLIAMSON THEATRE, 12/12/2024, 5 PM; 12/14/2024 - 12/19/2025, 2 PM & 5PM; 1,768 PAID TICKETS, 85 ORCHESTRA, 60 BALCONY. THE 2-HOUR SHOW USED BROADWAY SETS IN THREE ACTS, SPECIAL EFFECTS AND A CAST OF 24 PROFESSIONAL DANCERS. FREE TICKETS TO SIBT'S MAINSTAGE PRODUCTION OF THE NUTCRACKER WERE GIVEN TO DESERVING RECIPIENTS VIA SIBT'S NETWORK OF COMMUNITY PARTNERS AND OUR DIVERSITY DIRECTOR VIRGINIA ALLEN, A RESPECTED BLACK CULTURAL LEADER AND RECENT RECIPIENT OF AN HONORARY DOCTORATE OF LETTERS FROM THE COLLEE OF STATEN ISLAND. A TOTAL OF 442 FREE TICKETS VALUED AT 36260 WERE PROVIDED TO SIBT'S OUTREACH PARTNERS THAT SERVE A BROAD CONSTITUENCY. GROUP DISCOUNTS OF UP TO 30 PERCENT WERE AVAILABLE TO PARTNER CONSTITUENCIES, BUT NO GROUP SALES OCCURRED DURING THE PERIOD. ARTISTS AND TECHNICIANS WERE ALSO HIRED FROM THE CITY'S DIVERSE TALENT POOL, AND PAID INDUSTRY SCALE WAGES AS W-2 EMPLOYEES, WITH MANDATED BENEFITS. BALLET CLASSES WERE PROVIDED YEAR-ROUND MONDAY THROUGH FRIDAY, 3 PM TO 7 PM, AND ON SATURDAY 9 AM TO 4 PM. A SUMMER INTENSIVE OF ALL-DAY CLASSES WAS ALSO PROVIDED TO 24 STUDENTS, MONDAY-FRIDAY DURING THREE WEEKS IN AUGUST 2025. AUDITIONING FOR COLLEGE SCHOLARSHIPS WAS ALSO TAUGHT ALONG WITH CHOREOGRAPHY PIECES TAILORED TO A STUDENT'S STRENGTHS. THREE STUDENTS WERE OFFERED SCHOLARSHIP AID AT SEPARATE UNIVERSITIES FOR THE FALL OF 2025. CREDITS OF TEACHING ARTISTS INCLUDE MARIE FICHAUX (PARIS OPERA BALLET, ROYAL BALLET); KARINA TERAN (BALASOLE DANCE); MICHELE MORENO (NATIONAL BALLET OF CARACAS, NATIONAL BALLET OF CUBA); JILIAN PIZZI (BARNARD COLLEGE- PHI BETA KAPPA, UNDER KATIE GLASNER); ELLEN THARP (FORMER MANHATTAN BALLET PRINCIPAL, GRADUATE FORDHAM-LINCOLN CENTER AND THE AMERICAN ACADEMY OF DRAMATIC ARTS, ALSO STAGE AND TV CREDITS, MEMBER SAG-AFTRA). PARTICIPANTS WERE REACHED THROUGH OUTREACH BY SIBT PARTNERS, SCHOOL REFERRALS AND ONLINE FACE BOOK EXPOSURE, INCLUDING TWO PODCASTS ON THE LATEST SCIENCE IN DANCE WELLNESS. SCHOLARSHIPS TOTALING 19,400 (WAIVED TUITION) AND RANGING FROM 800 TO 3,000, WERE AWARDED TO 15 CANDIDATES BASED ON TALENT, MOTIVATION AND FINANCIAL NEED, AN AVERAGE OF 1,293. MARKEKETING RELIED ON PAID ADS IN NEWSPAPERS, CHURCH BULLETINS, SOCIAL MEDIA AND SIBT'S MAILING LIST OF 2,400 TICKET BUYERS AND WEEKLY EMAIL AUDIENCE OF 2,270 AVERAGE SUPPORTERS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE ORGANIZATION'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON ITS FINANCIAL STATEMENTS.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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