Civic Intelligence

Philadelphia Folksong Society Inc

EIN 23-6296972 • 501(c)3 • Philadelphia, PA

Profile

The philadelphia folksong society (pfs) is dedicated to preserving the past, promoting the present, and securing the future of folk music and related forms of expression through education, presentation and participation

6711 Germantown Avenue PO Box 4959Philadelphia, PA 19119

www.pfs.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.05x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

75th percentile

23%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

96th percentile

149%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

454%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$325,359

Up $194,529 (+149%) from 2023

Liabilities

Down

$61,491

Down $111,145 (-64%) from 2023

Net Assets

Up

$263,868

Up $305,674 (+731%) from 2023

Operations
Liabilities / Revenue43rd percentileNet Margin75th percentile

Revenue

Up

$1,329,026

Up $1,089,168 (+454%) from 2023

Expenses

Up

$1,024,273

Up $833,491 (+437%) from 2023

Net Income

Up

$304,753

Up $255,677 (+521%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

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

$1.0M$500K$0-$500KAssets 2010: $680,215Liabilities 2010: $4,424Net Assets 2010: $675,7912010Assets 2012: $639,259Liabilities 2012: $59,471Net Assets 2012: $579,7882012Assets 2017: $667,915Liabilities 2017: $179,453Net Assets 2017: $488,4622017Assets 2018: $630,460Liabilities 2018: $251,656Net Assets 2018: $378,8042018Assets 2019: $484,334Liabilities 2019: $482,553Net Assets 2019: $1,7812019Assets 2020: $211,049Liabilities 2020: $371,411Net Assets 2020: -$160,3622020Assets 2021: $529,365Liabilities 2021: $309,992Net Assets 2021: $219,3732021Assets 2022: $146,242Liabilities 2022: $202,007Net Assets 2022: -$55,7652022Assets 2023: $130,830Liabilities 2023: $172,636Net Assets 2023: -$41,8062023Assets 2024: $325,359Liabilities 2024: $61,491Net Assets 2024: $263,8682024

Highlighted filing

2024

Assets$325,359
Liabilities$61,491
Net Assets$263,868
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,204,1382010Expenses 2012: $1,501,2822012Revenue 2017: $1,290,723Expenses 2017: $1,411,241Net Income 2017: -$120,5182017Revenue 2018: $1,479,085Expenses 2018: $1,555,316Net Income 2018: -$76,2312018Revenue 2019: $1,426,482Expenses 2019: $1,813,077Net Income 2019: -$386,5952019Revenue 2020: $886,020Expenses 2020: $767,430Net Income 2020: $118,5902020Revenue 2021: $936,127Expenses 2021: $550,157Net Income 2021: $385,9702021Revenue 2022: $1,501,253Expenses 2022: $1,774,690Net Income 2022: -$273,4372022Revenue 2023: $239,858Expenses 2023: $190,782Net Income 2023: $49,0762023Revenue 2024: $1,329,026Expenses 2024: $1,024,273Net Income 2024: $304,7532024

Highlighted filing

2024

Revenue$1,329,026
Expenses$1,024,273
Net Income$304,753
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$325,359
Liabilities
$61,491
Net assets
$263,868
Revenue
$1,329,026
Expenses
$1,024,273
Net income
$304,753
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.06$0.26$1.33$1.02$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.13$0.17$0.04$0.24$0.19$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.15$0.20$0.06$1.50$1.77$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.31$0.22$0.94$0.55$0.39
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.37$0.16$0.89$0.77$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.48$0.48$0.00$1.43$1.81$0.39
2018Detailed filing. Detailed filing data is available for this year.$0.63$0.25$0.38$1.48$1.56$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.67$0.18$0.49$1.29$1.41$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.06$0.58$1.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$1.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.2
Gross Receipts
$1,335,621
Mission and Program Overview

Mission

The Philadelphia Folksong Society (PFS) is dedicated to preserving the past, promoting the present, and securing the future of folk music and related forms of expression through education, presentation, and participation.

The philadelphia folksong society (pfs) is dedicated to preserving the past, promoting the present, and securing the future of folk music and related forms of expression through education, presentation and participation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,287$224,161▲ $170,874
Accounts Receivable$34,247$33,933▼ $314
Prepaid Expenses and Deferred Charges$3,519$28,669▲ $25,150
Inventories for Sale or Use$4,858$12,755▲ $7,897
Land, Buildings, and Equipment, Net$21,418$11,419▼ $9,999
Total Assets$130,830$325,359▲ $194,529
Other Assets Total$13,501$14,422▲ $921
Liabilities
Unsecured Notes Loans Payable$89,566--
Deferred Revenue$69,062$55,592▼ $13,470
Accounts Payable and Accrued Expenses$14,008$5,899▼ $8,109
Total Liabilities$172,636$61,491▼ $111,145
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-55,307$249,446▲ $304,753
Net Assets With Donor Restrictions$13,501$14,422▲ $921
Total Net Assets Fund Balance$-41,806$263,868▲ $305,674
Total Liabilities and Net Assets / Fund Balance$130,830$325,359▲ $194,529

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$1,458-
Equipment$0$121,931-
Leasehold Improvements$11,419$353,411-
Other Assets Org$14,422--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Miles ThompsonPresident
Eric RingVice President
George EhrgottBoard Member
Jess HullBoard Member
Rob KutzikBoard Member
Wendy FuhrSecretary
Eric RobbinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,245
Program Service Revenue
$1,191,495
Investment Income
$0
Other Revenue
$23,286
All Other Contributions
$114,245
Change in Net Assets
$304,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,024,273
Total Fundraising Expense$320
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$286,479$36,931$320$323,730
Other Expenses$210,200$0$0$210,200
Occupancy$36,019$15,980$0$51,999
Advertising$20,821$0$0$20,821
Insurance$18,235$2,445$0$20,680
Depreciation Depletion$9,999$0$0$9,999
Interest$0$2,411$0$2,411
Total Functional Expenses$965,916$58,037$320$1,024,273
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,881
Fundraising Direct Expenses$6,595
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$36,586$29,881$3,903$25,978
Total Events$36,586$29,881$6,595$23,286
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
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Philadelphia Folksong Society Inc
EIN
23-6296972
Phone
6106091195
Address
6711 GERMANTOWN AVENUE PO BOX 4959, PHILADELPHIA, PA 19119

Signing Officer

Name
Eric L Ring
Title
President
Phone
6106091195
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric L Ring
Formed
1957
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
1,500

Preparer

Firm
The Law Office of Eric Ring
Address
2335 W Darby Rd, Havertown, PA 19083
Preparer
Eric L Ring
Phone
6107894450
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

“Members elect the board of directors”

Pt VI, Line 7B

“Members vote on governance decisions”

Pt VI, Line 11B

“An audit committee is established to approve financial statements and the 990 along with the officers of the organization”

Pt VI, Line 12C

“Board member are to disclose any conflicts of interest on a yearly basis but also as decisions are made when a conflict is known. Such disclosure is made at the monthly meetings.”

Pt VI, Line 15A

“The executive committee reviews all staff and officer compensation”

Pt VI, Line 19

“All governance documents are available to the public upon request.”

Pt VI, Line 6

“Full members are entitled to one vote for board member and for any governance decisions”

Form 990, Part IX, Line 24E

“Merchandise 64182. 63986. 0. 196.”

Form 990, Part IX, Line 24E

“Postage, shipping and printing 7938. 7906. 32. 0.”

Form 990, Part IX, Line 24E

“Communications and technology 21264. 1176. 20088. 0.”

Form 990, Part IX, Line 24E

“Contracted services 74018. 62209. 11809. 0.”

Form 990, Part IX, Line 24E

“Miscellaneous expenses 6325. 3813. 2388. 124.”

Form 990, Part IX, Line 24E

“Utilities 11908. 9394. 2514. 0.”

Form 990, Part IX, Line 24E

“Site preparation 77896. 77896. 0. 0.”

Form 990, Part IX, Line 24E

“Food and beverage 54462. 54462. 0. 0.”

Form 990, Part IX, Line 24E

“Permits and licenses 5737. 5637. 100. 0.”

Raw XML AppendixShowing 400 of 475 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/OtherExpensesGrp/TotalAmt134825
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IRS990/ProgramServiceRevenueGrp/Desc0TICKETED EVENTS AND MERCHANDISE SALES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc3VENDOR INCOME
IRS990/ProgramServiceRevenueGrp/Desc4ADVERTISING SALES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt176006
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt258650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt345157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt49371
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0THROUGHOUT THE YEAR, THE SOCIETY CONTINUES THEIR CORE MISSION THROUGH SEVERAL PROGRAMS. THE SOCIETY HELD SEVERAL CONCERTS SHOWCASING FOLK MUSIC INCLUDING PERFORMANCES FROM OUR MUSICAL ARTIST COOPERATIVE HIGHLIGHTING REGIONAL MUSICIANS WHO WORK TOGETHER TO NETWORK, LEARN AND PERFORM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02250
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
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IRS990/ReportOtherAssetsInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0185354
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0414694
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0633472
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt037144
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01489405
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01116880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt054504
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01086559
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0298244
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0720214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03276401
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt00
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt04411
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0936127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0757358
IRS990ScheduleA/Total509Grp/TotalAmt04770217
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04770217
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IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0121931
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011419
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0353411
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0364830
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014422
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN ENDOWMENT FUNDS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01458
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01458
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011419
IRS990ScheduleD/TotalBookValueOtherAssetsAmt014422
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt06705
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt06705
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06595
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02138
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023286
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03903
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE ON GOVERNANCE DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN AUDIT COMMITTEE IS ESTABLISHED TO APPROVE FINANCIAL STATEMENTS AND THE 990 ALONG WITH THE OFFICERS OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBER ARE TO DISCLOSE ANY CONFLICTS OF INTEREST ON A YEARLY BASIS BUT ALSO AS DECISIONS ARE MADE WHEN A CONFLICT IS KNOWN. SUCH DISCLOSURE IS MADE AT THE MONTHLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE REVIEWS ALL STAFF AND OFFICER COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNANCE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FULL MEMBERS ARE ENTITLED TO ONE VOTE FOR BOARD MEMBER AND FOR ANY GOVERNANCE DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MERCHANDISE 64182. 63986. 0. 196.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8POSTAGE, SHIPPING AND PRINTING 7938. 7906. 32. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9COMMUNICATIONS AND TECHNOLOGY 21264. 1176. 20088. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CONTRACTED SERVICES 74018. 62209. 11809. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MISCELLANEOUS EXPENSES 6325. 3813. 2388. 124.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12UTILITIES 11908. 9394. 2514. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SITE PREPARATION 77896. 77896. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14FOOD AND BEVERAGE 54462. 54462. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15PERMITS AND LICENSES 5737. 5637. 100. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0PA

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