Civic Intelligence

Bounce DC

990 • Fiscal year 2014 • EIN 27-1349287

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 26, 2015

C/O Ounce 33 W MonroeSuite 240060603

(312) 922-3863

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

1.32x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

1st percentile

-1700%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$212,517

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 191.8% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$11,922,632

Down $1,877,203 (-14%) from 2013

Net Assets

Down

$11,776,606

Down $1,883,769 (-14%) from 2013

Liabilities

Up

$146,026

Up $6,566 (+4.7%) from 2013

Revenue

$110,819

No earlier filing loaded for comparison.

Expenses

Down

$1,994,588

Down $722,474 (-27%) from 2013

Net Income

-$1,883,769

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $17,382,104Liabilities 2011: $965,944Net Assets 2011: $16,416,1602011Assets 2012: $16,275,484Liabilities 2012: $654,334Net Assets 2012: $15,621,1502012Assets 2013: $13,799,835Liabilities 2013: $139,460Net Assets 2013: $13,660,3752013Assets 2014: $11,922,632Liabilities 2014: $146,026Net Assets 2014: $11,776,6062014Assets 2015: $11,178,139Liabilities 2015: $91,321Net Assets 2015: $11,086,8182015Assets 2016: $10,972,467Liabilities 2016: $0Net Assets 2016: $10,972,4672016Assets 2017: $10,952,860Liabilities 2017: $1Net Assets 2017: $10,952,8592017Assets 2018: $10,933,437Liabilities 2018: $110Net Assets 2018: $10,933,3272018Assets 2019: $10,915,984Liabilities 2019: $26,750Net Assets 2019: $10,889,2342019Assets 2020: $160,366Liabilities 2020: $0Net Assets 2020: $160,3662020Assets 2021: $160,403Liabilities 2021: $0Net Assets 2021: $160,4032021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$11,922,632
Liabilities$146,026
Net Assets$11,776,606

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,150,2052011Expenses 2012: $1,332,3592012Expenses 2013: $2,717,0622013Revenue 2014: $110,819Expenses 2014: $1,994,588Net Income 2014: -$1,883,7692014Revenue 2015: $139,752Expenses 2015: $829,540Net Income 2015: -$689,7882015Revenue 2016: $129,126Expenses 2016: $243,477Net Income 2016: -$114,3512016Revenue 2017: $107,359Expenses 2017: $126,967Net Income 2017: -$19,6082017Revenue 2018: $107,572Expenses 2018: $127,104Net Income 2018: -$19,5322018Revenue 2019: $107,744Expenses 2019: $151,837Net Income 2019: -$44,0932019Revenue 2020: $21,565Expenses 2020: $50,363Net Income 2020: -$28,7982020Revenue 2021: $37Expenses 2021: $0Net Income 2021: $372021Revenue 2022: $3Expenses 2022: $160,406Net Income 2022: -$160,4032022

Highlighted filing

2014

Revenue$110,819
Expenses$1,994,588
Net Income-$1,883,769
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 26, 2015
Return Version
2013v4.0
Gross Receipts
$110,819
Mission and Program Overview

Mission

The corporation is organized exclusively for one or more of the purposes specified in section 501(c)(3) of the internal revenue code of 1986 (the "code") and exclusively for the benefit of, to perform the functions of, or to carry out the purposes of the ounce of prevention fund, an illinois not for profit corporation, within the meaning of section 509(a)(3) of the code, so long as the ounce of prevention fund shall qualify as an organization described in section 501(c)(3) and section 509(a)(1) or section 509(a)(2) of the code.

Bounce DC supports high quality early learning in D.C. by developing and constructing a new birth to 5 Educare school (Educare DC) for at-risk young chldren.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,700,070$10,700,070→ $0
Savings and Temporary Cash Investments$2,905,701$1,051,111▼ $1,854,590
Pledges and Grants Receivable$194,064$171,451▼ $22,613
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$13,799,835$11,922,632▼ $1,877,203
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$139,460$146,026▲ $6,566
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$139,460$146,026▲ $6,566
Net Assets / Fund Balance
Unrestricted Net Assets$13,398,886$11,776,606▼ $1,622,280
Temporarily Rstr Net Assets$261,489$0▼ $261,489
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$13,660,375$11,776,606▼ $1,883,769
Total Liabilities and Net Assets / Fund Balance$13,799,835$11,922,632▼ $1,877,203
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diana RaunerCo-President
Jessie RasmussenCo-President
Sarah BradleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$110,819
Other Revenue
$0
Change in Net Assets
$-1,883,769

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,819
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$110,819
Total Revenue per Form 990
$110,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,958,721
Other Expenses$35,867
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,958,721--$1,958,721
Fees for Services Accounting$15,943--$15,943
Insurance$10,231--$10,231
Fees for Services Legal$4,778--$4,778
All Other Expenses$3,929--$3,929
Office Expenses$472$123-$595
Fees for Services Other$304--$304
Conferences and Meetings$87--$87
Total Functional Expenses$1,994,465$123$0$1,994,588

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,994,588
Total Expenses per Audited Statements$1,994,588
Total Expenses per Form 990$1,994,588
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
27-2481956-501(c)(3)Program Support$1,958,721
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

ORGANIZATION MEMBERS OR STOCKHOLDERS According to the organization's bylaws, Article II, Section 2.01 states, "The Corporation shall have one (1) voting member, which shall be the Ounce of Prevention Fund, an Illinois not for profit corporation (the "Member"). Notwithstanding anything contained herein to the contrary, the Member shall act through the Member's designated representative, which may include, but shall not be limited to, an officer, director, employee, or a committee of the Member, as and to the extent authorized from time to time by resolution adopted by the Member's Board of Directors or a duly authorized committee thereof. At any time that the Member has not designated another representative, the President of the Member shall be the Member's designated representative."

Form 990, Part VI, Section A, Line 7A

PERSONS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY According to the organization's bylaws, Article II, Section 2.02 states, "The Member shall have the right to vote on the following matters and on such other matters as the Board of Directors may determine from time to time or that are required by the Act: (a) appointment and removal of directors."

Form 990, Part VI, Section A, Line 7B

DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL According to the organization's bylaws, Article II, Section 2.02 states, "The Member shall have the right to vote on the following matters and on such other matters as the Board of Directors may determine from time to time or that are required by the Act: (a) appointment and removal of directors; (b) any amendment or repeal of the Corporation's Articles of Incorporation and any amendment of this Article II or Section 9.04 of these Bylaws; (c) authorization of the Corporation voluntarily filing a petition for bankruptcy relief under Title 11 of the United States Code, as amended; (d) adoption of a plan of merger or consolidation with another corporation; (e) authorization of the sale, lease, or exchange of all or substantially all of the property and assets of the Corporation if not in the ordinary course of business; (f) authorization of the voluntary dissolution of the Corporation or revocation of proceedings therefore; and (g) adoption of a plan for the distribution of the assets of the Corporation."

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

PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 The Board of Directors reviews and comments on the draft Form 990 prior to its electronic filing with the IRS.

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

ORGANIZATION'S PRACTICES FOR MONITORING CONFLICT OF INTEREST The director is obligated to disclose any conflict of interest to the Board or a committee regarding the conflict of interest. The Board takes action on the recommendations and the minutes of the meeting are disclosed to the board membership.

Form 990, Part VI, Section C, Line 19

Organization's policy regarding making certain documents public the financial statements, governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

EIN
27-1349287
In Care Of
% MARK BECKER
Phone
3129223863

Signing Officer

Name
Diana Rauner
Title
Co-President
Phone
3129223863
Signed
2015-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Rauner
Formed
2009
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Preparer
Bridget T Roche
Phone
3129223863
Supplemental Narrative

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

FIN 48 (ASC 740) FOOTNOTE The Ounce and Bounce DC have received a favorable determination letter from the Internal Revenue Service, stating that they are exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1986, except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain tax positions that require recognition in the consolidated financial statements. The Ounce and Bounce DC have not accrued any provision for income taxes as the Ounce and Bounce DC have had no significant unrelated business income. There is no interest or penalties recognized in the consolidated statements of activities or consolidated statements of financial position. The tax years ending 2011, 2012, 2013 and 2014 are still open to audit for both federal and state purposes.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10OUNCE OF PREVENTION FUND
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IRS990ScheduleD/RevenueSubtotalAmt0110819
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740) FOOTNOTE The Ounce and Bounce DC have received a favorable determination letter from the Internal Revenue Service, stating that they are exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1986, except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain tax positions that require recognition in the consolidated financial statements. The Ounce and Bounce DC have not accrued any provision for income taxes as the Ounce and Bounce DC have had no significant unrelated business income. There is no interest or penalties recognized in the consolidated statements of activities or consolidated statements of financial position. The tax years ending 2011, 2012, 2013 and 2014 are still open to audit for both federal and state purposes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule D, Part X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt01994588
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0110819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0110819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01994588
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IRS990ScheduleI/RecipientTable/CashGrantAmt01958721
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Educare DC
IRS990ScheduleI/RecipientTable/RecipientEIN0272481956
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10301 Rhode Island Ave
IRS990ScheduleI/RecipientTable/USAddress/City0Washngton
IRS990ScheduleI/RecipientTable/USAddress/State0DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode020001
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES Bounce DC monitors the use of grant funds throughout the year by reviewing monthly fiscal and program progress reports from the site. Close monitoring of their financial reports ensures that program funds are efficiently expended.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule I, Part I, Line 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06212
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06616
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Sarah Bradley
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0212517
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR Bounce DC's top management official's compensation is handled by a related organization, Ounce of Prevention Fund. This related organization used the following methods to establish the compensation of the organization's CEO/Executive Director: Compensation committee, Independent compensation consultant, Form 990 of other organizations, Compensation survey or study, and Approval by the board or compensation committee.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule J, Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION MEMBERS OR STOCKHOLDERS According to the organization's bylaws, Article II, Section 2.01 states, "The Corporation shall have one (1) voting member, which shall be the Ounce of Prevention Fund, an Illinois not for profit corporation (the "Member"). Notwithstanding anything contained herein to the contrary, the Member shall act through the Member's designated representative, which may include, but shall not be limited to, an officer, director, employee, or a committee of the Member, as and to the extent authorized from time to time by resolution adopted by the Member's Board of Directors or a duly authorized committee thereof. At any time that the Member has not designated another representative, the President of the Member shall be the Member's designated representative."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERSONS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY According to the organization's bylaws, Article II, Section 2.02 states, "The Member shall have the right to vote on the following matters and on such other matters as the Board of Directors may determine from time to time or that are required by the Act: (a) appointment and removal of directors."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL According to the organization's bylaws, Article II, Section 2.02 states, "The Member shall have the right to vote on the following matters and on such other matters as the Board of Directors may determine from time to time or that are required by the Act: (a) appointment and removal of directors; (b) any amendment or repeal of the Corporation's Articles of Incorporation and any amendment of this Article II or Section 9.04 of these Bylaws; (c) authorization of the Corporation voluntarily filing a petition for bankruptcy relief under Title 11 of the United States Code, as amended; (d) adoption of a plan of merger or consolidation with another corporation; (e) authorization of the sale, lease, or exchange of all or substantially all of the property and assets of the Corporation if not in the ordinary course of business; (f) authorization of the voluntary dissolution of the Corporation or revocation of proceedings therefore; and (g) adoption of a plan for the distribution of the assets of the Corporation."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 The Board of Directors reviews and comments on the draft Form 990 prior to its electronic filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION'S PRACTICES FOR MONITORING CONFLICT OF INTEREST The director is obligated to disclose any conflict of interest to the Board or a committee regarding the conflict of interest. The Board takes action on the recommendations and the minutes of the meeting are disclosed to the board membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Ounce of Prevention Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11Educare DC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Education
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1033 W Monroe Suite 2400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11301 Rhode Island Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Chicago
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1Washington
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