Civic Intelligence

Carolina Philharmonic Inc.

990 • Fiscal year 2021 • EIN 27-0741753

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

5 Market SquarePinehurst, NC 28374

(910) 687-0287

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Net Margin

55th percentile

14%

Higher net margin than 55% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Top Officer Pay

100th percentile

$134,720

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 34.8% of source-year revenue.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

-15%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $95,022 (-100%) from 2020

Net Assets

Down

$0

Down $24,415 (-100%) from 2020

Liabilities

Down

$0

Down $70,607 (-100%) from 2020

Revenue

Down

$386,716

Down $67,853 (-15%) from 2020

Expenses

Down

$332,166

Down $113,721 (-26%) from 2020

Net Income

Up

$54,550

Up $45,868 (+528%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $143,312Liabilities 2012: $1,776Net Assets 2012: $141,5362012Assets 2013: $171,505Liabilities 2013: $2,094Net Assets 2013: $169,4112013Assets 2014: $286,570Liabilities 2014: $9,663Net Assets 2014: $276,9072014Assets 2015: $57,812Liabilities 2015: $5,092Net Assets 2015: $52,7202015Assets 2017: $68,836Liabilities 2017: $44,962Net Assets 2017: $23,8742017Assets 2020: $95,022Liabilities 2020: $70,607Net Assets 2020: $24,4152020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $175,997Liabilities 2023: $10,345Net Assets 2023: $165,6522023Assets 2024: $79,268Liabilities 2024: $9,090Net Assets 2024: $70,1782024Assets 2025: $52,730Liabilities 2025: $30,269Net Assets 2025: $22,4612025

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $260,4302012Revenue 2013: $355,642Expenses 2013: $327,767Net Income 2013: $27,8752013Revenue 2014: $571,373Expenses 2014: $464,678Net Income 2014: $106,6952014Revenue 2015: $541,117Expenses 2015: $663,271Net Income 2015: -$122,1542015Revenue 2017: $540,991Expenses 2017: $553,921Net Income 2017: -$12,9302017Revenue 2020: $454,569Expenses 2020: $445,887Net Income 2020: $8,6822020Revenue 2021: $386,716Expenses 2021: $332,166Net Income 2021: $54,5502021Revenue 2022: $540,396Expenses 2022: $491,000Net Income 2022: $49,3962022Revenue 2023: $619,842Expenses 2023: $586,735Net Income 2023: $33,1072023Revenue 2024: $660,345Expenses 2024: $756,234Net Income 2024: -$95,8892024Revenue 2025: $767,756Expenses 2025: $815,473Net Income 2025: -$47,7172025

Highlighted filing

2021

Revenue$386,716
Expenses$332,166
Net Income$54,550
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$386,716
Mission and Program Overview

Mission

To perpetuate a lifetime appreciation for music and the arts, by providing opportunities for thousands of local children every year to experience the joy of exceptional music through interactive

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$0-
Total Assets$0$0→ $0
Liabilities
Other Liabilities-$0-
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0--
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David M WolffArtistic DirectorFT$134,720$134,720

Board Members and Trustees

NameTitle
Kathleen C WilfordChairman of Board
C Foster BrownDirector
Janie GouldDirector
TreasurerDirector
Greg CollinsRobert Degrange
Amanda PaullSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$370,137
Program Service Revenue
$16,560
Investment Income
$0
Other Revenue
$19
All Other Contributions
$284,789
Change in Net Assets
$54,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,479
Salaries, Compensation, and Employee Benefits$151,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$139,825$0$0$139,825
All Other Expenses$45,823$17,421$0$63,244
Occupancy$0$17,528$0$17,528
Other Expenses$16,761$0$0$16,761
Payroll Taxes$11,862$0$0$11,862
Fees for Services Accounting$0$9,212$0$9,212
Office Expenses$0$7,646$0$7,646
Insurance$0$3,166$0$3,166
Advertising$1,103$0$0$1,103
Depreciation Depletion$0$910$0$910
Interest$0$436$0$436
Total Functional Expenses$273,459$58,707$0$332,166
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala----
Golf Tournament----
Total Events---$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
Payroll Taxes$0
Short Term Loan - Kathleen Wilford$0
Sales Tax Payable$0
Due to Nc Community Fdn$0
Credit Cards$0
Gift Certificates$0
Restricted-due to Operating$0
Small Business Loan (ppp)$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Carolina Philharmonic Inc
EIN
27-0741753
Phone
9106870287
Address
5 MARKET SQUARE, PINEHURST, NC 28374

Signing Officer

Name
Kathleen C Wilford
Title
Board Chair
Phone
9106870287
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen C Wilford
Formed
2009
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
100

Preparer

Firm
Sandhills Accounting Service LLC
Address
675 S BENNETT STREET STE 3, SOUTHERN PINES, NC 28387
Preparer
Patricia A Shenkle
Phone
9106950147
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

There is no committee empowered to act without the consent of the board.

Pt VI, Line 11B

The organization reviews the 990 with the governing board before mailing and the board approves the form 990.

Pt VI, Line 12C

The organization is in the process of developing and putting written policies in place to have oversight for conflict of interest and whistleblower. The organization has developed and put into place policies to have oversight for document retention and destruction and key employee compensation.

Pt VI, Line 19

The organization makes the required documents available for public inspection by contacting the treasurer who has the documents on file in the business office and supplies them upon request.

Pt V, Line 14B

There have been no payments to any tanning facilities.

Form 990, Part IX, Line 24E

Bank service fees 208. 0. 208. 0.

Form 990, Part IX, Line 24E

Travel & lodging 3343. 3343. 0. 0.

Form 990, Part IX, Line 24E

Credit card fees 876. 0. 876. 0.

Form 990, Part IX, Line 24E

Automobile expenses 3417. 3417. 0. 0.

Form 990, Part IX, Line 24E

MUSIC 1770. 1770. 0. 0.

Form 990, Part IX, Line 24E

Special contractor/guest 800. 800. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 1221. 0. 1221. 0.

Form 990, Part IX, Line 24E

Postage & shipping 422. 0. 422. 0.

Form 990, Part IX, Line 24E

Printing & paper 1989. 0. 1989. 0.

Form 990, Part IX, Line 24E

Copier lease & printing 3061. 0. 3061. 0.

Form 990, Part IX, Line 24E

LATE FEES 50. 0. 50. 0.

Form 990, Part IX, Line 24E

Dues & subscriptions 460. 0. 460. 0.

Form 990, Part IX, Line 24E

General contract labor 60. 0. 60. 0.

Form 990, Part IX, Line 24E

Music education 13019. 13019. 0. 0.

Form 990, Part IX, Line 24E

Linkup/encore kids 23474. 23474. 0. 0.

Form 990, Part IX, Line 24E

Prior yr reimbursable expenses 8513. 0. 8513. 0.

Form 990, Part IX, Line 24E

Unrealized gain/loss -14. 0. -14. 0.

Form 990, Part IX, Line 24E

Professioal development 575. 0. 575. 0.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0326455
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0871924
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0284789
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0443784
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0334942
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0540991
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0536131
IRS990ScheduleA/Total509Grp/TotalAmt02140637
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02140637
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt30
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt40
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt50
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt60
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt70
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHORT TERM LOAN - KATHLEEN WILFORD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO NC COMMUNITY FDN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CREDIT CARDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5GIFT CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6RESTRICTED-DUE TO OPERATING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7SMALL BUSINESS LOAN (PPP)
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IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt011000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KATHLEEN C WILFORD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD OF DIRECTORS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt00
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS NO COMMITTEE EMPOWERED TO ACT WITHOUT THE CONSENT OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REVIEWS THE 990 WITH THE GOVERNING BOARD BEFORE MAILING AND THE BOARD APPROVES THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS IN THE PROCESS OF DEVELOPING AND PUTTING WRITTEN POLICIES IN PLACE TO HAVE OVERSIGHT FOR CONFLICT OF INTEREST AND WHISTLEBLOWER. THE ORGANIZATION HAS DEVELOPED AND PUT INTO PLACE POLICIES TO HAVE OVERSIGHT FOR DOCUMENT RETENTION AND DESTRUCTION AND KEY EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THE REQUIRED DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION BY CONTACTING THE TREASURER WHO HAS THE DOCUMENTS ON FILE IN THE BUSINESS OFFICE AND SUPPLIES THEM UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAVE BEEN NO PAYMENTS TO ANY TANNING FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK SERVICE FEES 208. 0. 208. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRAVEL & LODGING 3343. 3343. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREDIT CARD FEES 876. 0. 876. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AUTOMOBILE EXPENSES 3417. 3417. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MUSIC 1770. 1770. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SPECIAL CONTRACTOR/GUEST 800. 800. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MISCELLANEOUS 1221. 0. 1221. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12POSTAGE & SHIPPING 422. 0. 422. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13PRINTING & PAPER 1989. 0. 1989. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14COPIER LEASE & PRINTING 3061. 0. 3061. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LATE FEES 50. 0. 50. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16DUES & SUBSCRIPTIONS 460. 0. 460. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17GENERAL CONTRACT LABOR 60. 0. 60. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18MUSIC EDUCATION 13019. 13019. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19LINKUP/ENCORE KIDS 23474. 23474. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20PRIOR YR REIMBURSABLE EXPENSES 8513. 0. 8513. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21UNREALIZED GAIN/LOSS -14. 0. -14. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22PROFESSIOAL DEVELOPMENT 575. 0. 575. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt V, Line 14b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990, Part IX, Line 24e
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0370137
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058707
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0273459
IRS990/TotalFunctionalExpensesGrp/TotalAmt0332166
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00

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