Civic Intelligence

Claverack Free Library and Reading Room Association Inc

990 • Fiscal year 2021 • EIN 14-1401100

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 10, 2022

PO Box 417Claverack, NY 12513

(518) 851-7120

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

41st percentile

7.8%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

28th percentile

0.2%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

17%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,737,762

Up $8,931 (+0.2%) from 2020

Net Assets

Down

$3,721,045

Down $542 (-0.0%) from 2020

Liabilities

Up

$16,717

Up $9,473 (+131%) from 2020

Revenue

Up

$339,513

Up $48,574 (+17%) from 2020

Expenses

Up

$313,110

Up $50,001 (+19%) from 2020

Net Income

Down

$26,403

Down $1,427 (-5.1%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,225,819Liabilities 2010: $5,840Net Assets 2010: $1,219,9792010Assets 2011: $1,389,580Liabilities 2011: $5,323Net Assets 2011: $1,384,2572011Assets 2012: $1,493,623Liabilities 2012: $25,740Net Assets 2012: $1,467,8832012Assets 2013: $1,913,064Liabilities 2013: $257,462Net Assets 2013: $1,655,6022013Assets 2014: $1,912,747Liabilities 2014: $151,758Net Assets 2014: $1,760,9892014Assets 2015: $1,871,323Liabilities 2015: $31,769Net Assets 2015: $1,839,5542015Assets 2016: $1,974,793Liabilities 2016: $6,141Net Assets 2016: $1,968,6522016Assets 2017: $2,269,470Liabilities 2017: $37,250Net Assets 2017: $2,232,2202017Assets 2018: $2,623,323Liabilities 2018: $10,852Net Assets 2018: $2,612,4712018Assets 2019: $3,763,590Liabilities 2019: $125,080Net Assets 2019: $3,638,5102019Assets 2020: $3,728,831Liabilities 2020: $7,244Net Assets 2020: $3,721,5872020Assets 2021: $3,737,762Liabilities 2021: $16,717Net Assets 2021: $3,721,0452021Assets 2022: $3,534,003Liabilities 2022: $19,567Net Assets 2022: $3,514,4362022Assets 2023: $3,513,350Liabilities 2023: $21,333Net Assets 2023: $3,492,0172023Assets 2024: $3,636,094Liabilities 2024: $20,834Net Assets 2024: $3,615,2602024

Highlighted filing

2021

Assets$3,737,762
Liabilities$16,717
Net Assets$3,721,045

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $111,4522010Expenses 2011: $141,4342011Revenue 2012: $198,974Expenses 2012: $115,348Net Income 2012: $83,6262012Revenue 2013: $297,169Expenses 2013: $108,439Net Income 2013: $188,7302013Revenue 2014: $210,889Expenses 2014: $105,505Net Income 2014: $105,3842014Revenue 2015: $177,169Expenses 2015: $98,605Net Income 2015: $78,5642015Revenue 2016: $233,440Expenses 2016: $105,841Net Income 2016: $127,5992016Revenue 2017: $373,190Expenses 2017: $112,654Net Income 2017: $260,5362017Revenue 2018: $568,162Expenses 2018: $114,989Net Income 2018: $453,1732018Revenue 2019: $1,087,866Expenses 2019: $140,390Net Income 2019: $947,4762019Revenue 2020: $290,939Expenses 2020: $263,109Net Income 2020: $27,8302020Revenue 2021: $339,513Expenses 2021: $313,110Net Income 2021: $26,4032021Revenue 2022: $270,297Expenses 2022: $357,260Net Income 2022: -$86,9632022Revenue 2023: $264,626Expenses 2023: $279,138Net Income 2023: -$14,5122023Revenue 2024: $397,387Expenses 2024: $237,568Net Income 2024: $159,8192024

Highlighted filing

2021

Revenue$339,513
Expenses$313,110
Net Income$26,403
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 10, 2022
Return Version
2021v4.0
Gross Receipts
$344,233
Mission and Program Overview

Mission

To be a vibrant presence in the community providing free access to a

To operate a free library for the benefit of the general public serving the claverack, new york area

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,846,038$2,770,729▼ $75,309
Investments in Publicly Traded Securities$588,066$644,610▲ $56,544
Cash and Non-Interest-Bearing Accounts$185,538$158,368▼ $27,170
Savings and Temporary Cash Investments$56,554$132,987▲ $76,433
Accounts Receivable$44,553$23,808▼ $20,745
Prepaid Expenses and Deferred Charges$8,082$7,260▼ $822
Total Assets$3,728,831$3,737,762▲ $8,931
Liabilities
Deferred Revenue-$10,660-
Accounts Payable and Accrued Expenses$7,244$6,057▼ $1,187
Total Liabilities$7,244$16,717▲ $9,473
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,711,587$3,711,045▼ $542
Net Assets With Donor Restrictions$10,000$10,000→ $0
Total Net Assets Fund Balance$3,721,587$3,721,045▼ $542
Total Liabilities and Net Assets / Fund Balance$3,728,831$3,737,762▲ $8,931

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$10,000---$10,000
2019$10,000---$10,000
2018$10,000---$10,000
2017$10,000---$10,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$213,446
Program Service Revenue
$0
Investment Income
$112,019
Other Revenue
$14,048
Change in Net Assets
$26,403

Audited Revenue Reconciliation

Revenue per Audited Statements
$339,513
Total Revenue per Audited Statements
$339,513
Total Revenue per Form 990
$339,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,925
Salaries, Compensation, and Employee Benefits$71,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$105,047--$105,047
Comp Disqual Persons$35,200$28,872-$64,072
Occupancy$46,710$15,570-$62,280
Office Expenses$16,397--$16,397
All Other Expenses$6,855$2,286-$9,141
Insurance-$7,523-$7,523
Payroll Taxes$4,050$1,702-$5,752
Other Expenses$3,692$1,231-$4,923
Fees for Services Accounting-$3,500-$3,500
Other Employee Benefits$531$830-$1,361
Total Functional Expenses$244,609$68,501$0$313,110

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$313,110
Total Expenses per Audited Statements$313,110
Total Expenses per Form 990$313,110
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,634
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Part VI

Line 15a board approved line 12c board disclosure line 11b sent to board members, communication with accountant

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

Return given to board for review

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

YES

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

YES

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Claverack Free Library and Reading
EIN
14-1401100
Phone
5188517120
Address
PO BOX 417, CLAVERACK, NY 12513

Signing Officer

Name
Stephen King
Title
President
Phone
5188517120
Signed
2022-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen King
Formed
1891
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
4

Preparer

Firm
Robert Patterson CPA
Address
2666 NY RT 23, HILLSDALE, NY 12529
Preparer
Robert H Patterson
Phone
5187556233
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To be a vibrant presence in the community providing free access to a wide range of materials for information, enjoyment and life-long learning, stimulating children and adults to become and remain enthusiastic readers, and serving as a welcoming place for quiet

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

Operate a free public library

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.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01049338
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0516340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0228359
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02262411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0130787
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt036011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024674
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0191472
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt019869
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92200
IRS990ScheduleA/PublicSupportPY170Pct00.97260
IRS990ScheduleA/PublicSupportTotal170Amt02262411
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0213446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0254928
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01049338
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0516340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0228359
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02262411
IRS990ScheduleA/TotalSupportAmt02453883
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt010000
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010000
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0313110
IRS990ScheduleD/RevenueSubtotalAmt0339513
IRS990ScheduleD/TotalExpensesPerForm990Amt0313110
IRS990ScheduleD/TotalRevenuePerForm990Amt0339513
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0339513
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0313110
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO BE A VIBRANT PRESENCE IN THE COMMUNITY PROVIDING FREE ACCESS TO A WIDE RANGE OF MATERIALS FOR INFORMATION, ENJOYMENT AND LIFE-LONG LEARNING, STIMULATING CHILDREN AND ADULTS TO BECOME AND REMAIN ENTHUSIASTIC READERS, AND SERVING AS A WELCOMING PLACE FOR QUIET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OPERATE A FREE PUBLIC LIBRARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 15A BOARD APPROVED LINE 12C BOARD DISCLOSURE LINE 11B SENT TO BOARD MEMBERS, COMMUNICATION WITH ACCOUNTANT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RETURN GIVEN TO BOARD FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt03737762
IRS990/TotalAssetsGrp/BOYAmt03728831
IRS990/TotalAssetsGrp/EOYAmt03737762
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0213446
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244609
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313110
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07244
IRS990/TotalLiabilitiesEOYAmt016717
IRS990/TotalLiabilitiesGrp/BOYAmt07244
IRS990/TotalLiabilitiesGrp/EOYAmt016717
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03721587
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03721045
IRS990/TotalOtherProgSrvcExpenseAmt09261
IRS990/TotalProgramServiceExpensesAmt0244609
IRS990/TotalRevenueGrp/ExclusionAmt0128701
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0339513
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03728831
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03737762
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 417
IRS990/USAddress/CityNm0CLAVERACK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012513
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.CLAVERACKLIBRARY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05188517120
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLAVERACK FREE LIBRARY AND READING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ROOM ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CLAV
ReturnHeader/Filer/EIN0141401100
ReturnHeader/Filer/PhoneNum05188517120
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 417
ReturnHeader/Filer/USAddress/CityNm0CLAVERACK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012513
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT PATTERSON CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02666 NY RT 23
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HILLSDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012529
ReturnHeader/PreparerPersonGrp/PhoneNum05187556233
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT H PATTERSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-08-14T13:34:30-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KING
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.02$3.62$0.40$0.24$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.51$0.02$3.49$0.26$0.28$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.53$0.02$3.51$0.27$0.36$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.74$0.02$3.72$0.34$0.31$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.73$0.01$3.72$0.29$0.26$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.76$0.13$3.64$1.09$0.14$0.95
2018Detailed filing. Detailed filing data is available for this year.$2.62$0.01$2.61$0.57$0.11$0.45
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.04$2.23$0.37$0.11$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.97$0.01$1.97$0.23$0.11$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.87$0.03$1.84$0.18$0.10$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.91$0.15$1.76$0.21$0.11$0.11
2013Detailed filing. Detailed filing data is available for this year.$1.91$0.26$1.66$0.30$0.11$0.19
2012Summary only. Only limited summary data is available for this year.$1.49$0.03$1.47$0.20$0.12$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.01$1.38$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.01$1.22$0.11
Peer Organizations

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