Civic Intelligence

Rare Inc.

990 • Fiscal year 2019 • EIN 23-7380563

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 07, 2020

1310 North Courthouse Rd No 110Arlington, VA 22201

(703) 522-5070

Siviq Scores

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

Liabilities / Assets

54th percentile

0.31x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.34x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

84th percentile

28%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$542,944

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

71%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$41,397,121

Up $5,215,605 (+14%) from 2018

Net Assets

Up

$28,554,690

Up $10,813,985 (+61%) from 2018

Liabilities

Down

$12,842,431

Down $5,598,380 (-30%) from 2018

Revenue

Up

$37,606,393

Up $15,658,886 (+71%) from 2018

Expenses

Up

$26,926,873

Up $2,410,145 (+9.8%) from 2018

Net Income

Up

$10,679,520

Up $13,248,741 (+516%) from 2018

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2013: $33,118,216Liabilities 2013: $7,631,481Net Assets 2013: $25,486,7352013Assets 2014: $27,484,294Liabilities 2014: $6,586,904Net Assets 2014: $20,897,3902014Assets 2015: $22,792,209Liabilities 2015: $5,378,713Net Assets 2015: $17,413,4962015Assets 2016: $18,750,993Liabilities 2016: $6,006,163Net Assets 2016: $12,744,8302016Assets 2017: $28,404,430Liabilities 2017: $7,913,886Net Assets 2017: $20,490,5442017Assets 2018: $36,181,516Liabilities 2018: $18,440,811Net Assets 2018: $17,740,7052018Assets 2019: $41,397,121Liabilities 2019: $12,842,431Net Assets 2019: $28,554,6902019Assets 2020: $36,999,177Liabilities 2020: $10,627,762Net Assets 2020: $26,371,4152020Assets 2021: $47,172,711Liabilities 2021: $11,577,944Net Assets 2021: $35,594,7672021Assets 2024: $35,089,126Liabilities 2024: $11,059,152Net Assets 2024: $24,029,9742024

Highlighted filing

2019

Assets$41,397,121
Liabilities$12,842,431
Net Assets$28,554,690

Operations Trend

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

$40M$20M$0-$20MExpenses 2013: $18,130,0462013Revenue 2014: $16,832,932Expenses 2014: $21,373,417Net Income 2014: -$4,540,4852014Revenue 2015: $20,454,663Expenses 2015: $23,896,492Net Income 2015: -$3,441,8292015Revenue 2016: $18,858,126Expenses 2016: $23,612,882Net Income 2016: -$4,754,7562016Revenue 2017: $32,924,847Expenses 2017: $25,106,435Net Income 2017: $7,818,4122017Revenue 2018: $21,947,507Expenses 2018: $24,516,728Net Income 2018: -$2,569,2212018Revenue 2019: $37,606,393Expenses 2019: $26,926,873Net Income 2019: $10,679,5202019Revenue 2020: $22,917,080Expenses 2020: $25,180,754Net Income 2020: -$2,263,6742020Revenue 2021: $37,625,413Expenses 2021: $28,280,886Net Income 2021: $9,344,5272021Revenue 2024: $33,556,901Expenses 2024: $37,155,372Net Income 2024: -$3,598,4712024

Highlighted filing

2019

Revenue$37,606,393
Expenses$26,926,873
Net Income$10,679,520
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 7, 2020
Return Version
2018v3.2
Gross Receipts
$50,779,127
Mission and Program Overview

Mission

Rare inspires change so that both people and nature thrive. In the face of a global extinction crisis, climate change, dwindling fish stocks, and disappearing forests, rare is changing behaviors at the local level by teaching community leaders how to relate to nature in a non-destructive manner and providing alternatives to current practices.

Rare inspires change so people and nature thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$11,470,419$19,092,688▲ $7,622,269
Investments in Publicly Traded Securities$13,726,332$12,367,780▼ $1,358,552
Savings and Temporary Cash Investments$2,307,850$5,025,170▲ $2,717,320
Cash and Non-Interest-Bearing Accounts$6,018,907$2,466,173▼ $3,552,734
Prepaid Expenses and Deferred Charges$575,305$415,507▼ $159,798
Other Notes and Loans Receivable, Net-$239,108-
Land, Buildings, and Equipment, Net$286,100$205,565▼ $80,535
Total Assets$36,181,517$41,397,121▲ $5,215,604
Other Assets Total$1,796,604$1,585,130▼ $211,474
Liabilities
Deferred Revenue$8,304,591$4,794,135▼ $3,510,456
Other Liabilities$6,893,985$4,645,005▼ $2,248,980
Accounts Payable and Accrued Expenses$3,242,235$3,403,291▲ $161,056
Total Liabilities$18,440,811$12,842,431▼ $5,598,380
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,969,182$18,661,000▲ $9,691,818
Unrestricted Net Assets$8,771,524$9,893,690▲ $1,122,166
Total Net Assets Fund Balance$17,740,706$28,554,690▲ $10,813,984
Total Liabilities and Net Assets / Fund Balance$36,181,517$41,397,121▲ $5,215,604

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$100,017$661,421$761,438
Other Land Buildings$164,635$248,705$413,340
Leasehold Improvements$-59,087$317,602$258,515
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett JenksPresident and CEOFT$352,184$190,760$542,944
Dale GalvinManaging Dir., SustainableFT$266,182$138,326$404,508
Karen ZifferChief Development OfficerFT$258,085$103,584$361,669
Stephen BoxSenior Vice PresidentFT$180,559$64,512$245,071
Caryn Perrelli TrivettVice President, TalentFT$194,787$48,031$242,818
Cynthia MayoralSr. Director, Foundation RelationsFT$148,447$60,995$209,442
Esteban ChavarriaVP Finance & AccountingFT$143,822$58,549$202,371
Anna BartlettVP, Ind. Giving & Board RelationsFT$141,671$54,966$196,637
Martha PiperManaging Dir., Global SolutionsFT$150,875$190,140$190,140
Niels CroneChief Operating OfficerFT$126,155$55,203$181,358
Manuel Bueno VeraSr. Dir., Sustainable Markets & Fin.FT$143,115$30,907$174,022
Brian UllmanVP, Marketing & CommunicationsFT$145,381$23,400$168,781
Paul ButlerTrusteePT$106,110-$106,110

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Janine Marie WilkinProgram Development And Oversight1819 N INGLEWOOD STREET, Arlington, NV 22205$111,401
Revenue and Support

Revenue Composition

Contributions and Grants
$36,591,756
Program Service Revenue
$0
Investment Income
$790,301
Other Revenue
$224,336
All Other Contributions
$29,248,853
Change in Net Assets
$10,679,520

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$660,151Fair Market Value (FMV)
Total Noncash Contributions5$660,151-

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,813,063
Revenue Not Reported on Financial Statements
$-206,670
Revenue Not Reported on Form 990
$1,028,659
Other Revenue Adjustments
$-206,670
Total Revenue per Audited Statements
$38,841,722
Total Revenue per Form 990
$37,606,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,426,065
Other Expenses$9,396,758
Total Fundraising Expense$2,331,385
Grants and Similar Amounts Paid$1,090,096
Professional Fundraising Fees$13,954

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,998,549$761,708$815,506$11,575,763
Fees for Services Other$2,682,434-$94,880$2,777,314
Travel$1,800,687$54,763$91,899$1,947,349
Current Officers, Directors, Trustees, and Key Employees$799,892$476,186$509,863$1,785,941
Occupancy$1,080,811$176,471$137,056$1,394,338
Payroll Taxes$832,366$177,106$197,547$1,207,019
Other Employee Benefits$925,956$93,473$99,975$1,119,404
Conferences and Meetings$1,053,049--$1,053,049
Information Technology$698,635$136,575$210,537$1,045,747
Foreign Grants$762,576--$762,576
Pension Plan Contributions$414,818$182,516$140,604$737,938
Grants to Domestic Orgs$324,720--$324,720
Office Expenses$206,164$68,116$18,109$292,389
Fees for Services Legal$209,699$70,320-$280,019
Fees for Services Accounting$83,134$102,715-$185,849
Depreciation Depletion-$133,375-$133,375
Insurance$57,913$46,597-$104,510
Advertising$59,446--$59,446
Other Expenses$51,972$18,998$1,455$18,998
Fees for Services Professional Fundraising--$13,954$13,954
Grants to Domestic Individuals$2,800--$2,800
Total Functional Expenses$22,045,621$2,549,867$2,331,385$26,926,873

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$27,387,561
Expenses per Audited Statements$27,133,543
Total Expenses per Form 990$26,926,873
Expenses Not Reported on Form 990$254,018
Expenses Not Reported on Financial Statements$-206,670
Other Expense Adjustments$-206,670
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Smithsonian InstitutionWashington, DC501(c)(3)Behavior Change Conservation Studies$161,628
Wildlife Conservation SocietyBronyx, NY501(c)(3)Conservation Research and Data Collection$136,788
Solar Sister IncGreat Falls, VA501(c)(3)Distribution of Alternative Lighting in 3rd World Countries$12,500

International Summary

Offices
14
Employees
130
Spending
$11,161,930

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesNear Shore Fisheries Conservation Program Design and Behavior Change. Teaching Sustainable and Climate Compatible Farming Practices.352$5,458,920
South AmericaProgram ServicesCoastal Fisheries Marine Reserve Program Design and Behavior Change223$2,209,409
Sub-saharan AfricaProgram ServicesNear Shore Fisheries Program Design and Behavior Change. Campaigning for Conservation Education and Behavior Change19$895,413
Europe (including Iceland & Greenland)Fundraising-12$633,533
East Asia and the PacificProgram ServicesGlobal Conservation Events and Raising Awareness01$475,216
South AmericaProgram ServicesResearch and Data Collection for the Online World Atlas of Marine Fisheries Catches01$309,075
Europe (including Iceland & Greenland)Program ServicesNear Shore Fisheries Conservation Program Design and Behavior Change. Teaching Sustainable and Climate Compatible Farming Practices.12$262,202
South AmericaGrants to Recipients-223$227,512
Central America and the CaribbeanGrants to Recipients-12$220,423
Central America and the CaribbeanProgram ServicesCoastal Fisheries Conservation Program Design and Behavior Change12$155,586
East Asia and the PacificGrants to Recipients-01$120,213
Europe (including Iceland & Greenland)Grants to Recipients-12$104,854
Sub-saharan AfricaGrants to Recipients-19$60,536
North AmericaGrants to Recipients-01$29,038
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,954
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Invested Funds Due to Related Party$3,268,750
Deferred Compensation Liability$1,376,255
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board members were given a copy of the return to review and approve before filing with the irs.

Form 990, Part VI, Section B, Line 12C

Upon joining, staff and board members are required to sign a conflict of interest disclosure statement indicating the capacity in which you are serving the organization, any affiliations with rare's business partners, or any benefit gained through a rare business transaction. Detailed information on any such potential conflict must be fully disclosed on the form. Annually, staff and board members are required to provide any updates.

Form 990, Part VI, Section B, Line 15

Annually, rare staff compiles data from current market compensation surveys and other relevant research in addition to a self evaluation of the ceo and coo to be submitted to the finance and hr committee for review. The finance and hr committee, based on the information received, recommends compensation adjustments for the ceo and coo to the full board of trustees for final approval. Rare hires a firm to review the compensation of those in a position to exercise substantial influence with respect to rare's affairs to provide an opinion on the reasonableness of their compensation.

Form 990, Part VI, Section C, Line 19

Rare makes its governing documents, conflict of interest policy, and financial statements available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Rare
EIN
23-7380563
Phone
7035225070
Address
1310 NORTH COURTHOUSE RD NO 110, ARLINGTON, VA 22201

Signing Officer

Name
Niels Crone
Title
Chief Operations Officer
Phone
7035225070
Signed
2020-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Jenks
Formed
1974
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
19
Employees
95
Volunteers
2,292

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Kristen Barnett
Phone
7033366400
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Rare is the leading behavior change organization in conservation and sustainable development. In our more than four decades of work, rare has launched over 450 behavior change campaigns (known as "pride") in more than 60 countries, inspiring local communities to adopt more sustainable fishing habits, end deforestation, preserve habitat, and save species. Pride increases and accelerates the adoption of conservation solutions - and the change lasts. Rare's people-centered, participatory approach to conservation empowers local leaders and elevates the role of fishers, farmers, and other people who depend on nature in local decision-making and governance. This community-led approach is buoyed by partnerships with officials at all levels of governmentfrom mayors to ministersand with public and private institutions, universities and other organizations capable of removing barriers and paving the way for enduring solutions.

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 2,682,434. Management and general expenses 0. Fundraising expenses 94,880. Total expenses 2,777,314.

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

FORM 990, PART I, LINE 5:

Part i, line 5 only reflects the number of employees receiving form w-2 (80). The total number of worldwide employees is 172.

Financial Statement Notes

PART X, LINE 2:

Rare is exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). Rare is subject to unrelated business income taxes under section 511 of the irc; however, in the opinion of management, no provision for income taxes is required to be made. Rare follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, rare may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. Management evaluated rare's tax positions and concluded that rare had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Generally, rare is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2016.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Portfolio interest meloy fund i lp included in consol. Financial statement 218,315. Contribution by limited partners to meloy fund i lp included in consol. Fs 663,000. Change in unrealized loss on privately held securities 142,044. Elimination entry included in consolidated financial statements -262,613.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses included in part viii -206,670.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses of meloy fund i lp included in consolidated financial statements 383,182. Elimination entry included in consolidated financial statements -262,613.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses included in part viii -206,670.

Raw XML AppendixShowing 400 of 1,185 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/Desc0SUSTAINABLE FISHERIES AND AGRICULTURE:THE LIVES AND LIVELIHOODS OF THE WORLD'S MOST VULNERABLE PEOPLE DEPEND ON THE REMAINING FORESTS, WETLANDS AND CORAL REEFSAND BALANCING HOW WE USE AND PRESERVE THESE RESOURCES REQUIRES US TO CHANGE OUR RELATIONSHIP WITH NATURE.FISH FOREVER IS RARE'S COMPREHENSIVE AND COMMUNITY-LED SOLUTION FOR REVITALIZING COASTAL MARINE HABITATS, SUCH AS CORAL REEFS, MANGROVES AND SEAGRASSES, PROTECTING BIODIVERSITY, AND SECURING THE LIVELIHOODS OF FISHER HOUSEHOLDS AND THEIR COMMUNITIES. RARE'S VISION IS TO TRANSFORM THE MANAGEMENT OF COASTAL FISHERIES BY PAIRING A PROVEN LOCAL SOLUTION, COMMUNITY-BASED MANAGEMENT, WITH A UNIQUE DELIVERY METHOD BASED ON BEHAVIORAL INSIGHTS AND SOCIAL MARKETING PRINCIPLES TO ENGAGE AND MOBILIZE THOSE COMMUNITIES. OUR WORK HAS LED TO MORE ABUNDANT MARINE LIFE AND HEALTHIER COASTAL HABITATS. FOR THE COMMUNITIES WE SERVE, OUR WORK HELPS ENSURE MORE SUSTAINABLE FOOD SUPPLY, IMPROVED SOCIAL EQUITY, AND GREATER RESILIENCE TO EXTERNAL IMPACTSESPECIALLY THOSE RELATED TO CLIMATE CHANGE.IN 2019, RARE CONTINUED TO EXPAND ITS FISH FOREVER FOOTPRINT TO 824 COMMUNITIES IN EIGHT COUNTRIES, ENGAGING 97 LOCAL GOVERNMENTS. THE PROGRAM FOCUSED ON BUILDING NETWORKS WITHIN AND ACROSS COUNTRIES, INCLUDING UNPRECEDENTED NETWORKS OF MARINE RESERVES, SOCIAL NETWORKS OF LOCAL LEADERS AND THEIR COMMUNITIES CO-MANAGING COASTAL RESOURCES AND POLITICAL NETWORKS OF SUBNATIONAL, PROVINCIAL, AND STATE AUTHORITIES EXECUTING AGAINST THE SAME PLAN FOR COASTAL FISHERIES REFORM. TO DATE, THE PROGRAM HAS HELPED REGISTER OVER 40,000 FISHERS, PLACE MORE THAN 6,000 SQUARE MILES OF COASTAL SEAS UNDER SUSTAINABLE MANAGEMENT, AND TRACK THOUSANDS OF TONS OF FISH TRANSACTIONS BY FISH BUYERS.TO SCALE THE IMPACT, RARE HAS ALSO LED INITIATIVES TO SECURE PRIVATE-SECTOR SUPPORT THROUGH OUR CONSERVATION FINANCE PROGRAM. THE PROGRAM IS HELPING DEPLOY PRIVATE CAPITAL AND PUBLIC FINANCE FOR CONSERVATION AND DEVELOPMENT. IN 2019, RARE DEVELOPED A FIRST-OF-ITS-KIND FINANCING STRUCTURE WITH THE GOVERNMENT OF INDONESIA. THIS VEHICLE WILL CHANNEL FUNDS TO SUPPORT THE MARINE AND COASTAL ECONOMY ACROSS THREE PROVINCES.WE ALSO DEPLOY OUR BEHAVIOR-CENTERED APPROACH TO PROMOTE SUSTAINABLE FARMING PRACTICES IN COLOMBIA. THROUGH OUR LANDS FOR LIFE PROGRAM, WE ARE BUILDING A SCALABLE APPROACH TO INCREASING THE ADOPTION OF CLIMATE-COMPATIBLE AGRICULTURAL PRACTICES THAT DELIVER ON SOIL HEALTH, WATERSHED MANAGEMENT, AGROFORESTRY, AND RESTORATION OBJECTIVES. LANDS FOR LIFE WORKS AT VARIOUS LEVELS, FROM VILLAGES AND MUNICIPALITIES TO THE NATIONAL LEVEL, MOBILIZING EXTENSION AGENTS, LOCAL LEADERS, AND SMALL-SCALE FARMERS TO ADDRESS CONSERVATION AND DEVELOPMENT CHALLENGES AND EMPOWERS THEM TO BECOME AGENTS FOR CHANGE. IN 2019, RARE LED CAPACITY-BUILDING AND BEHAVIOR-CENTERED DESIGN TRAININGS FOR AGRICULTURAL EXTENSION AGENTS, EQUIPPING THEM WITH PROVEN TECHNIQUES FOR ENGAGING AND MOBILIZING FARMERS TO ADOPT SUSTAINABLE PRACTICES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
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IRS990/MissionDesc0RARE INSPIRES CHANGE SO PEOPLE AND NATURE THRIVE. FOR EVERY ENVIRONMENTAL CHALLENGE WE FACE, PEOPLE ARE BOTH THE PROBLEM AND THE SOLUTION. IF PEOPLE AND HUMAN BEHAVIOR ARE BEHIND THESE CHALLENGES, THEY SHOULD BE AT THE CENTER OF THE SOLUTION.
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