Civic Intelligence

Bedford Stuyvesant Collegiate Charter School

EIN 26-2302736 • 501(c)3 • Brooklyn, NY

Profile

The school's mission is to prepare each student for college.

800 Gates Avenue 4th FloorBrooklyn, NY 11221

www.uncommonschools.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.12x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.04x

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

501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

49th percentile

4.0%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

58th percentile

$148,641

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

64th percentile

8.9%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

21%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,362,226

Up $193,091 (+8.9%) from 2014

Liabilities

Down

$282,174

Down $81,664 (-22%) from 2014

Net Assets

Up

$2,080,052

Up $274,755 (+15%) from 2014

Revenue

Up

$6,914,032

Up $1,207,074 (+21%) from 2014

Expenses

Up

$6,639,277

Up $1,060,197 (+19%) from 2014

Net Income

Up

$274,755

Up $146,877 (+115%) from 2014

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,104,203Liabilities 2011: $192,587Net Assets 2011: $911,6162011Assets 2012: $1,692,231Liabilities 2012: $503,131Net Assets 2012: $1,189,1002012Assets 2013: $2,073,372Liabilities 2013: $395,953Net Assets 2013: $1,677,4192013Assets 2014: $2,169,135Liabilities 2014: $363,838Net Assets 2014: $1,805,2972014Assets 2015: $2,362,226Liabilities 2015: $282,174Net Assets 2015: $2,080,0522015

Highlighted filing

2015

Assets$2,362,226
Liabilities$282,174
Net Assets$2,080,052

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $2,927,1172011Expenses 2012: $3,901,7992012Expenses 2013: $4,838,7962013Revenue 2014: $5,706,958Expenses 2014: $5,579,080Net Income 2014: $127,8782014Revenue 2015: $6,914,032Expenses 2015: $6,639,277Net Income 2015: $274,7552015

Highlighted filing

2015

Revenue$6,914,032
Expenses$6,639,277
Net Income$274,755

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 11, 2016
Return Version
2014v6.0
Gross Receipts
$6,914,032
Mission and Program Overview

Mission

The school's mission is to prepare each student for college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,556,061$1,514,238▼ $41,823
Land, Buildings, and Equipment, Net$469,005$727,804▲ $258,799
Pledges and Grants Receivable$102,884$94,666▼ $8,218
Prepaid Expenses and Deferred Charges$41,185$25,518▼ $15,667
Total Assets$2,169,135$2,362,226▲ $193,091
Liabilities
Accounts Payable and Accrued Expenses$363,838$282,174▼ $81,664
Total Liabilities$363,838$282,174▼ $81,664
Net Assets / Fund Balance
Unrestricted Net Assets$1,805,297$2,080,052▲ $274,755
Total Net Assets Fund Balance$1,805,297$2,080,052▲ $274,755
Total Liabilities and Net Assets / Fund Balance$2,169,135$2,362,226▲ $193,091

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$191,546$702,765$894,311
Leasehold Improvements$536,258$156,537$692,795
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin PigeonMs PrincipalFT$120,649$27,992$148,641
Jesse CorburnHs PrincipalPT$60,970$79,571$140,541
David BrysonMs Director of OperationsFT$109,898$21,307$131,205
Livia AngiolilloHs Director of OperationsPT$63,759$61,270$125,029

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Uncommon Schools INCManagement826 BROADWAY 9TH FLOOR, New York, NY 10003$486,583
Ac-interiors CorpConstruction Services3168 LAYTON AVE, Bronx, NY 10465$316,478
Revenue and Support

Revenue Composition

Contributions and Grants
$1,024,723
Program Service Revenue
$5,889,309
Investment Income
$0
Other Revenue
$0
All Other Contributions
$715,000
Change in Net Assets
$274,755

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$28,534Fair Market Value (FMV)
Total Noncash Contributions$28,534-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,914,032
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,914,032
Total Revenue per Form 990
$6,914,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,470,837
Other Expenses$2,168,440
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,355,143$83,299-$3,438,442
Fees for Services Management$413,595$72,988-$486,583
Current Officers, Directors, Trustees, and Key Employees$244,574$165,368-$409,942
Information Technology$291,929--$291,929
Payroll Taxes$273,334$17,977-$291,311
Other Employee Benefits$241,893$17,349-$259,242
Depreciation Depletion$224,191$3,000-$227,191
Office Expenses$48,637$77,793-$126,430
Other Expenses$76,807$32,984-$109,791
Occupancy$99$84,977-$85,076
Pension Plan Contributions$67,229$4,671-$71,900
All Other Expenses$28,586$25,110-$53,696
Insurance-$52,398-$52,398
Fees for Services Other-$28,791-$28,791
Total Functional Expenses$5,972,572$666,705$0$6,639,277

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,639,277
Total Expenses per Audited Statements$6,639,277
Total Expenses per Form 990$6,639,277
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school utilizes uncommon schools, inc., an unrelated 501(c)(3) organization, to provide management and other administrative support services to the school. The school delegates hiring of certain employees, planning and executing budgets, and other financial operations to uncommon schools, inc. Julie kennedy is on the school board of trustees and the managing director of uncommon schools inc. Uncommon schools, inc. Does not compensate julie kennedy to be on the board of the school and her involvement with the board is on a volunteer basis.

Form 990, Part VI, Section A, Line 4

In december 2014, the charter school's board of trustees approved the merger of the charter school and leadership preparatory bedford stuyvesant charter school, as the successor charter school under the name uncommon new york city charter schools, in conjunction with excellence charter schools, brooklyn east collegiate charter school, brownsville collegiate charter school, kings collegiate charter school, leadership preparatory brownsville, leadership preparatory canarsie charter school, leadership preparatory ocean hill charter school and ocean hill collegiate charter school. The merger was approved on march 6, 2015 by the suny board of trustees and on june 30, 2015 by the board of regents. The merger is effective july 1, 2015. In conjunction with the merger, the charter school was dissolved and a new agreement is being negotiated with usi to provide management and other administrative services to uncommon new york city charter schools.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the finance director, director of operations and ceo in detail. It is then reviewed by the board of directors, approved and filed.

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

All new members are required to sign the conflict of interest policy. Board members are bound by fiduciary duty to disclose any conflicts. Annually a resolution is adopted reaffirming a commitment to the policy.

Form 990, Part VI, Section B, Line 15

Through the annual budget process, all compensation for key employees is approved by the school board of trustees.

Form 990, Part VI, Section C, Line 19

These documents are located at the organization and are available upon request. They are also available on guidestar.org

Filing and Contact Details

Filer

Filer Name
Bedford Stuyvesant Collegiate Charter School
EIN
26-2302736
Phone
2128447903
Address
800 GATES AVENUE 4TH FLOOR, BROOKLYN, NY 11221

Signing Officer

Name
Dave Bryson
Title
Director of Operations
Phone
2128447903
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Pigeon
Formed
2008
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
104
Volunteers
9

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Shelby L Stenson
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process is consistent with prior years.

Form 990, Part V, Line 2A

Uncommon collegiate charter high school employees are reported on bedford stuyvesant collegiate charter school's form w-3. Brownsville collegiate charter school and bedford stuyvesant collegiate charter school share the uncommon collegiate high charter school and expenses are allocated based on the number of students. Bedford stuyvesant collegiate charter school is the funding agent and items are paid by bedford stuyvesant and expenses are then allocated and reimbursed to bedford from brownsville.

Financial Statement Notes

PART X, LINE 2:

The charter school has filed for and received income tax exemptions in the jurisdictions where it is required to do so. The charter school files form 990 in the u.s. Federal jurisdiction. The tax returns for the years ended june 30, 2012 through june 30, 2015 are still subject to potential audit by the irs. Management of the charter school believes it has no material uncertain tax positions and, accordingly it has not recognized any liability for unrecognized tax benefits.

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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/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SCHOOL'S MISSION IS TO PREPARE EACH STUDENT FOR COLLEGE.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0259242
IRS990/OtherExpensesGrp/Desc0STUDENT ENRICHMENT & SE
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
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IRS990/OtherExpensesGrp/ProgramServicesAmt2165455
IRS990/OtherExpensesGrp/ProgramServicesAmt376807
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PayrollTaxesGrp/TotalAmt0291311
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IRS990/PensionPlanContributionsGrp/TotalAmt071900
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025518
IRS990/PrincipalOfficerNm0JUSTIN PIGEON
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IRS990/ProgramServiceRevenueGrp/Desc0STATE & LOCAL PER PUPI
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/SchoolInd0X
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE CHARTER SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2012 THROUGH JUNE 30, 2015 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0727804
IRS990ScheduleD/TotalExpensesPerForm990Amt06639277
IRS990ScheduleD/TotalRevenuePerForm990Amt06914032
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06914032
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06639277
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL APPLICATION AND AT VARIOUS COMMUNITY CENTERS USED TO INFORM THE PUBLIC ABOUT THE SCHOOL AND ITS PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES START-UP GRANTS FOR FACILITIES AND IMPLEMENTATION AND CORE PUPIL AID.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL UTILIZES UNCOMMON SCHOOLS, INC., AN UNRELATED 501(C)(3) ORGANIZATION, TO PROVIDE MANAGEMENT AND OTHER ADMINISTRATIVE SUPPORT SERVICES TO THE SCHOOL. THE SCHOOL DELEGATES HIRING OF CERTAIN EMPLOYEES, PLANNING AND EXECUTING BUDGETS, AND OTHER FINANCIAL OPERATIONS TO UNCOMMON SCHOOLS, INC. JULIE KENNEDY IS ON THE SCHOOL BOARD OF TRUSTEES AND THE MANAGING DIRECTOR OF UNCOMMON SCHOOLS INC. UNCOMMON SCHOOLS, INC. DOES NOT COMPENSATE JULIE KENNEDY TO BE ON THE BOARD OF THE SCHOOL AND HER INVOLVEMENT WITH THE BOARD IS ON A VOLUNTEER BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN DECEMBER 2014, THE CHARTER SCHOOL'S BOARD OF TRUSTEES APPROVED THE MERGER OF THE CHARTER SCHOOL AND LEADERSHIP PREPARATORY BEDFORD STUYVESANT CHARTER SCHOOL, AS THE SUCCESSOR CHARTER SCHOOL UNDER THE NAME UNCOMMON NEW YORK CITY CHARTER SCHOOLS, IN CONJUNCTION WITH EXCELLENCE CHARTER SCHOOLS, BROOKLYN EAST COLLEGIATE CHARTER SCHOOL, BROWNSVILLE COLLEGIATE CHARTER SCHOOL, KINGS COLLEGIATE CHARTER SCHOOL, LEADERSHIP PREPARATORY BROWNSVILLE, LEADERSHIP PREPARATORY CANARSIE CHARTER SCHOOL, LEADERSHIP PREPARATORY OCEAN HILL CHARTER SCHOOL AND OCEAN HILL COLLEGIATE CHARTER SCHOOL. THE MERGER WAS APPROVED ON MARCH 6, 2015 BY THE SUNY BOARD OF TRUSTEES AND ON JUNE 30, 2015 BY THE BOARD OF REGENTS. THE MERGER IS EFFECTIVE JULY 1, 2015. IN CONJUNCTION WITH THE MERGER, THE CHARTER SCHOOL WAS DISSOLVED AND A NEW AGREEMENT IS BEING NEGOTIATED WITH USI TO PROVIDE MANAGEMENT AND OTHER ADMINISTRATIVE SERVICES TO UNCOMMON NEW YORK CITY CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE FINANCE DIRECTOR, DIRECTOR OF OPERATIONS AND CEO IN DETAIL. IT IS THEN REVIEWED BY THE BOARD OF DIRECTORS, APPROVED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL NEW MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE BOUND BY FIDUCIARY DUTY TO DISCLOSE ANY CONFLICTS. ANNUALLY A RESOLUTION IS ADOPTED REAFFIRMING A COMMITMENT TO THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THROUGH THE ANNUAL BUDGET PROCESS, ALL COMPENSATION FOR KEY EMPLOYEES IS APPROVED BY THE SCHOOL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE LOCATED AT THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST. THEY ARE ALSO AVAILABLE ON GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UNCOMMON COLLEGIATE CHARTER HIGH SCHOOL EMPLOYEES ARE REPORTED ON BEDFORD STUYVESANT COLLEGIATE CHARTER SCHOOL'S FORM W-3. BROWNSVILLE COLLEGIATE CHARTER SCHOOL AND BEDFORD STUYVESANT COLLEGIATE CHARTER SCHOOL SHARE THE UNCOMMON COLLEGIATE HIGH CHARTER SCHOOL AND EXPENSES ARE ALLOCATED BASED ON THE NUMBER OF STUDENTS. BEDFORD STUYVESANT COLLEGIATE CHARTER SCHOOL IS THE FUNDING AGENT AND ITEMS ARE PAID BY BEDFORD STUYVESANT AND EXPENSES ARE THEN ALLOCATED AND REIMBURSED TO BEDFORD FROM BROWNSVILLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART V, LINE 2A
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

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