Civic Intelligence

Performing Arts Center of Key West Inc

EIN 20-1681971 • 501(c)3 • Key West, FL

Profile

Provide performing arts to the florida keys.

5901 College RoadKey West, FL 33040

www.twstages.com

Siviq Scores

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

Liabilities / Assets

58th percentile

0.11x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

54th percentile

0.09x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$96,617

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

80th percentile

21%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

72nd percentile

26%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,133,520

Up $198,751 (+21%) from 2024

Liabilities

Up

$127,432

Up $58,511 (+85%) from 2024

Net Assets

Up

$1,006,088

Up $140,240 (+16%) from 2024

Revenue

Up

$1,343,993

Up $278,691 (+26%) from 2024

Expenses

Up

$1,203,753

Up $246,039 (+26%) from 2024

Net Income

Up

$140,240

Up $32,652 (+30%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $90,714Liabilities 2011: $104,769Net Assets 2011: -$14,0552011Assets 2012: $150,459Liabilities 2012: $82,834Net Assets 2012: $67,6252012Assets 2013: $136,364Liabilities 2013: $125,103Net Assets 2013: $11,2612013Assets 2014: $177,268Liabilities 2014: $149,255Net Assets 2014: $28,0132014Assets 2015: $751,146Liabilities 2015: $93,493Net Assets 2015: $657,6532015Assets 2016: $692,097Liabilities 2016: $65,426Net Assets 2016: $626,6712016Assets 2017: $796,308Liabilities 2017: $53,782Net Assets 2017: $742,5262017Assets 2018: $793,031Liabilities 2018: $38,233Net Assets 2018: $754,7982018Assets 2019: $923,214Liabilities 2019: $72,925Net Assets 2019: $850,2892019Assets 2020: $712,484Liabilities 2020: $70,619Net Assets 2020: $641,8652020Assets 2021: $730,607Liabilities 2021: $78,705Net Assets 2021: $651,9022021Assets 2022: $805,054Liabilities 2022: $22,396Net Assets 2022: $782,6582022Assets 2023: $912,407Liabilities 2023: $154,149Net Assets 2023: $758,2582023Assets 2024: $934,769Liabilities 2024: $68,921Net Assets 2024: $865,8482024Assets 2025: $1,133,520Liabilities 2025: $127,432Net Assets 2025: $1,006,0882025

Highlighted filing

2025

Assets$1,133,520
Liabilities$127,432
Net Assets$1,006,088

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $566,847Expenses 2011: $526,185Net Income 2011: $40,6622011Revenue 2012: $620,959Expenses 2012: $539,279Net Income 2012: $81,6802012Revenue 2013: $626,697Expenses 2013: $683,061Net Income 2013: -$56,3642013Revenue 2014: $723,230Expenses 2014: $706,478Net Income 2014: $16,7522014Revenue 2015: $1,440,430Expenses 2015: $810,790Net Income 2015: $629,6402015Revenue 2016: $785,932Expenses 2016: $816,914Net Income 2016: -$30,9822016Revenue 2017: $1,165,125Expenses 2017: $1,049,270Net Income 2017: $115,8552017Revenue 2018: $922,715Expenses 2018: $910,443Net Income 2018: $12,2722018Revenue 2019: $1,067,655Expenses 2019: $972,164Net Income 2019: $95,4912019Revenue 2020: $752,730Expenses 2020: $961,154Net Income 2020: -$208,4242020Revenue 2021: $342,579Expenses 2021: $332,542Net Income 2021: $10,0372021Revenue 2022: $847,701Expenses 2022: $716,945Net Income 2022: $130,7562022Revenue 2023: $959,964Expenses 2023: $984,364Net Income 2023: -$24,4002023Revenue 2024: $1,065,302Expenses 2024: $957,714Net Income 2024: $107,5882024Revenue 2025: $1,343,993Expenses 2025: $1,203,753Net Income 2025: $140,2402025

Highlighted filing

2025

Revenue$1,343,993
Expenses$1,203,753
Net Income$140,240

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.13$1.01$1.34$1.20$0.14
2024Detailed filing. Detailed filing data is available for this year.$0.93$0.07$0.87$1.07$0.96$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.15$0.76$0.96$0.98$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.02$0.78$0.85$0.72$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.08$0.65$0.34$0.33$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.07$0.64$0.75$0.96$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.07$0.85$1.07$0.97$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$0.92$0.91$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.05$0.74$1.17$1.05$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.07$0.63$0.79$0.82$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.09$0.66$1.44$0.81$0.63
2014Summary only. Only limited summary data is available for this year.$0.18$0.15$0.03$0.72$0.71$0.02
2013Summary only. Only limited summary data is available for this year.$0.14$0.13$0.01$0.63$0.68$0.06
2012Summary only. Only limited summary data is available for this year.$0.15$0.08$0.07$0.62$0.54$0.08
2011Summary only. Only limited summary data is available for this year.$0.09$0.10$0.01$0.57$0.53$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$1,347,761
Mission and Program Overview

Mission

An organization whose activities benefit florida keys community college.

To provide performing arts to the florida keys.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$278,560$677,455▲ $398,895
Land, Buildings, and Equipment, Net$463,612$434,706▼ $28,906
Savings and Temporary Cash Investments$192,597$21,359▼ $171,238
Total Assets$934,769$1,133,520▲ $198,751
Liabilities
Other Liabilities$64,119$105,106▲ $40,987
Accounts Payable and Accrued Expenses$4,802$22,326▲ $17,524
Total Liabilities$68,921$127,432▲ $58,511
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$865,848$1,006,088▲ $140,240
Total Net Assets Fund Balance$865,848$1,006,088▲ $140,240
Total Liabilities and Net Assets / Fund Balance$934,769$1,133,520▲ $198,751

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$422,928$99,601$522,529
Equipment$11,778$313,422$325,200
Other Land Buildings$0$18,540$18,540
Compensation and Service Providers

Employees

NameTitleBaseTotal
Matthew RawlsExecutive Director$96,617$96,617

Board Members and Trustees

NameTitle
Ann ReynoldsPresident
Bobby HighsmithDirector
Glenda DonovanDirector
Maurizio NardiDirector
Richard HatchDirector
Tom ClementsDirector
Bryan GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$542,521
Program Service Revenue
$767,946
Investment Income
$24,457
Other Revenue
$9,069
All Other Contributions
$542,521
Change in Net Assets
$140,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$948,305
Salaries, Compensation, and Employee Benefits$255,448
Total Fundraising Expense$67,946
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,242$14,282$14,282$138,806
Current Officers, Directors, Trustees, and Key Employees$57,970$19,323$19,323$96,616
Depreciation Depletion$35,999--$35,999
Insurance$1,135$29,978-$31,113
Payroll Taxes$10,850$3,617$3,617$18,084
Advertising$13,423--$13,423
Other Expenses$9,636$1,597$13,637$9,636
Occupancy$3,857$1,940$1,928$7,725
All Other Expenses-$5,209$853$6,062
Office Expenses$1,269$2,460$1,295$5,024
Fees for Services Accounting-$2,300-$2,300
Other Employee Benefits$660$641$641$1,942
Total Functional Expenses$1,042,090$93,717$67,946$1,203,753
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,837
Fundraising Direct Expenses$3,768
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advanced Producers Circle/foundation Contributions$102,831
Payroll Tax Payable$2,275
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
No
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, Section B, line 11B

A draft copy of the fiscal year end form 990 is provided to the board for review and discussed prior to the return being filed.

Form 990, Part VI, Section C, line 19

Governing documents, financial statements and tax return copies are provided if requested at the entity's offices.

Filing and Contact Details

Filer

Filer Name
Performing Arts Center of Key West Inc
EIN
20-1681971
Phone
3052961520
Address
5901 COLLEGE ROAD, KEY WEST, FL 33040

Signing Officer

Name
Bryan Green
Title
Treasurer
Phone
3052961520
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Reynolds
Formed
2002
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Niles Kight & Company PLLC
Address
2432 Flagler Avenue, Key West, FL 33040-3844
Preparer
Billy J Kight CPA
Phone
3052946606
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0455249
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1146981
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt281244
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt348372
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt436100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0455249
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt281244
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt348372
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt436100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0343821
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021936
IRS990/PYOtherExpensesAmt0744283
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0699545
IRS990/PYRevenuesLessExpensesAmt0107588
IRS990/PYSalariesCompEmpBnftPaidAmt0213431
IRS990/PYTotalExpensesAmt0957714
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01065302
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0140240
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0805240
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0192597
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021359
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0457414
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0394518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0279733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0150263
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0342290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01624218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt024457
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt021936
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01849
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048563
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02229335
IRS990ScheduleA/PublicSupportCY170Pct00.70290
IRS990ScheduleA/PublicSupportPY170Pct00.64670
IRS990ScheduleA/PublicSupportTotal170Amt01175858
IRS990ScheduleA/SubstantialContributorsTotAmt0448360
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0457414
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0394518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0279733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0150263
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0342290
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01624218
IRS990ScheduleA/TotalSupportAmt01672781
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt011778
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0313422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0325200
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0422928
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt099601
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0522529
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018540
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102831
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCED PRODUCERS CIRCLE/FOUNDATION CONTRIBUTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0434706
IRS990ScheduleD/TotalLiabilityAmt0105106
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FISCAL YEAR END FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND DISCUSSED PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURN COPIES ARE PROVIDED IF REQUESTED AT THE ENTITY'S OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0934769
IRS990/TotalAssetsEOYAmt01133520
IRS990/TotalAssetsGrp/BOYAmt0934769
IRS990/TotalAssetsGrp/EOYAmt01133520
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0542521
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt067946
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093717
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01042090
IRS990/TotalFunctionalExpensesGrp/TotalAmt01203753
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068921
IRS990/TotalLiabilitiesEOYAmt0127432
IRS990/TotalLiabilitiesGrp/BOYAmt068921
IRS990/TotalLiabilitiesGrp/EOYAmt0127432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0865848
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01006088
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01042090
IRS990/TotalProgramServiceRevenueAmt0767946
IRS990/TotalReportableCompFromOrgAmt096617
IRS990/TotalRevenueGrp/ExclusionAmt09069
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0792403
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01343993
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0934769
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01133520
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05901 COLLEGE ROAD
IRS990/USAddress/CityNm0KEY WEST
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033040
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TWSTAGES.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRYAN GREEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03052961520
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PERFORMING ARTS CENTER OF KEY WEST INC
ReturnHeader/Filer/BusinessNameControlTxt0PERF
ReturnHeader/Filer/EIN0201681971
ReturnHeader/Filer/PhoneNum03052961520
ReturnHeader/Filer/USAddress/AddressLine1Txt05901 COLLEGE ROAD
ReturnHeader/Filer/USAddress/CityNm0KEY WEST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033040
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273583461
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Niles Kight & Company PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02432 Flagler Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Key West
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0330403844
ReturnHeader/PreparerPersonGrp/PhoneNum03052946606
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-28

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