Civic Intelligence

Yu Ming Charter School

990 • Fiscal year 2018 • EIN 27-4260393

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

1086 Alcatraz AvenueOakland, CA 94608

(510) 452-2063

Siviq Scores

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

Liabilities / Assets

47th percentile

0.14x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.04x

Higher debt load relative to revenue than 21% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

56th percentile

4.8%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$139,286

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

21%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,610,424

Up $335,711 (+26%) from 2017

Net Assets

Up

$1,391,419

Up $244,119 (+21%) from 2017

Liabilities

Up

$219,005

Up $91,592 (+72%) from 2017

Revenue

Up

$5,116,244

Up $887,601 (+21%) from 2017

Expenses

Up

$4,872,125

Up $940,170 (+24%) from 2017

Net Income

Down

$244,119

Down $52,569 (-18%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $603,231Liabilities 2013: $234,593Net Assets 2013: $368,6382013Assets 2014: $938,843Liabilities 2014: $221,427Net Assets 2014: $717,4162014Assets 2015: $828,204Liabilities 2015: $243,244Net Assets 2015: $584,9602015Assets 2016: $1,008,937Liabilities 2016: $158,325Net Assets 2016: $850,6122016Assets 2017: $1,274,713Liabilities 2017: $127,413Net Assets 2017: $1,147,3002017Assets 2018: $1,610,424Liabilities 2018: $219,005Net Assets 2018: $1,391,4192018Assets 2019: $2,343,467Liabilities 2019: $437,250Net Assets 2019: $1,906,2172019Assets 2020: $3,595,961Liabilities 2020: $1,165,797Net Assets 2020: $2,430,1642020Assets 2022: $5,404,745Liabilities 2022: $1,791,073Net Assets 2022: $3,613,6722022

Highlighted filing

2018

Assets$1,610,424
Liabilities$219,005
Net Assets$1,391,419

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $1,398,7422013Revenue 2014: $2,258,489Expenses 2014: $1,909,711Net Income 2014: $348,7782014Revenue 2015: $2,708,994Expenses 2015: $2,841,450Net Income 2015: -$132,4562015Revenue 2016: $3,635,635Expenses 2016: $3,369,983Net Income 2016: $265,6522016Revenue 2017: $4,228,643Expenses 2017: $3,931,955Net Income 2017: $296,6882017Revenue 2018: $5,116,244Expenses 2018: $4,872,125Net Income 2018: $244,1192018Revenue 2019: $6,526,769Expenses 2019: $6,011,971Net Income 2019: $514,7982019Revenue 2020: $7,198,069Expenses 2020: $6,674,122Net Income 2020: $523,9472020Revenue 2022: $10,327,063Expenses 2022: $9,646,011Net Income 2022: $681,0522022

Highlighted filing

2018

Revenue$5,116,244
Expenses$4,872,125
Net Income$244,119
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$5,116,244
Mission and Program Overview

Mission

The mission of yu ming charter school is to provide a challenging and comprehensive education for kindergarten through 2nd grade students, through a mandarin immersion program, preparing them to be inquisitive and analytic lifelong learners in the 21st century. Yu ming charter school began serving students in august 2011 and currently serves students in kindergarten through first grade. The faculty, staff, and other stakeholders want to provide an academically rigorous college preparatory program and have graduate students with bilingual and biliterate skills in mandarin chinese and english. Also, they are dedicated to nurturing intellectual curiosity, international perspective, and diligence in attaining personal goals, and developing young people with compassion, sound moral character, and a sense of responsibility for the community and the environment.

As a leader in mandarin immersion education, we nuture our inclusive and diverse community to become empowered, engaged, and outstanding global citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$763,823$676,847▼ $86,976
Accounts Receivable$405,803$642,717▲ $236,914
Prepaid Expenses and Deferred Charges$105,087$290,860▲ $185,773
Land, Buildings, and Equipment, Net$0--
Total Assets$1,274,713$1,610,424▲ $335,711
Liabilities
Accounts Payable and Accrued Expenses$127,413$163,732▲ $36,319
Other Liabilities$0$55,273▲ $55,273
Total Liabilities$127,413$219,005▲ $91,592
Net Assets / Fund Balance
Unrestricted Net Assets$1,108,216$1,158,844▲ $50,628
Temporarily Rstr Net Assets$39,084$232,575▲ $193,491
Total Net Assets Fund Balance$1,147,300$1,391,419▲ $244,119
Total Liabilities and Net Assets / Fund Balance$1,274,713$1,610,424▲ $335,711
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sue ParkPrincipalFT$121,250$18,036$139,286

Board Members and Trustees

NameTitle
Eric PetersenBoard Chair
Brianna SwartzVice Chair
Ethan WarshMember
Julie MikutaMember
Lucia HwangMember
Ron LewisMember
Sonai NijhawanMember
Joy LeeSecretary
Jessica NormanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,688,489
Program Service Revenue
$424,281
Investment Income
$0
Other Revenue
$3,474
All Other Contributions
$799,810
Change in Net Assets
$244,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,116,244
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,116,244
Total Revenue per Form 990
$5,116,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,249,630
Other Expenses$1,622,495
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,877,185$567,421-$2,444,606
Occupancy$566,389--$566,389
Other Employee Benefits$241,429$68,200-$309,629
Pension Plan Contributions$212,282$65,327-$277,609
Fees for Services Other$233,234--$233,234
Current Officers, Directors, Trustees, and Key Employees$150,476--$150,476
Fees for Services Accounting-$100,217-$100,217
Payroll Taxes$67,310--$67,310
Fees for Services Legal-$66,312-$66,312
Office Expenses$64,352--$64,352
Information Technology$43,502--$43,502
Travel$34,646--$34,646
Other Expenses$32,565--$32,565
All Other Expenses$24,749--$24,749
Insurance-$21,612-$21,612
Total Functional Expenses$3,983,036$889,089$0$4,872,125

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,872,125
Total Expenses per Audited Statements$4,872,125
Total Expenses per Form 990$4,872,125
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$55,273
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have committees that can act on behalf of the governing body.

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

The board of directors receives a copy of the form 990 for review before it is filed with the irs.

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

Board members and key employees are required to complete and file with the county office of education, form 700-conflict of interest form, on an annual basis in order to verify that there is no financial conflict of interest preventing them from serving on the board.

Form 990, Part VI, Section B, Line 15

Director's salaries are determined using salary scales for equivalent positions in the demographic region/district. Salaries are reviewed and approved by the board of directors to ensure they are in line with comparable positions in the region and the school's overall operating budget.same as above.

Form 990, Part VI, Section C, Line 19

Upon request the governing board secretary will make the organization's governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Yu Ming Charter School
EIN
27-4260393
Phone
5104522063
Address
1086 ALCATRAZ AVENUE, OAKLAND, CA 94608

Signing Officer

Name
Sue Park
Title
Head of School
Phone
5104522063
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Park
Formed
2010
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
101
Volunteers
150

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes from previous year.

Financial Statement Notes

PART X, LINE 2:

The school is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school files informational returns in the u.s. Federal jurisdiction, and the state of california.

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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03736751
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01371518
IRS990/PYOtherRevenueAmt0208472
IRS990/PYProgramServiceRevenueAmt0283420
IRS990/PYRevenuesLessExpensesAmt0296688
IRS990/PYSalariesCompEmpBnftPaidAmt02560437
IRS990/PYTotalExpensesAmt03931955
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04228643
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0244119
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0427755
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04872125
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055273
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05116244
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt04872125
IRS990ScheduleD/TotalLiabilityAmt055273
IRS990ScheduleD/TotalRevenuePerForm990Amt05116244
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05116244
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04872125
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECRUITMENT FLYERS AND WEBSITE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CALIFORNIA PUBLIC CHARTER SCHOOL; NO FINANCIAL ASSISTANCE AWARDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 FOR REVIEW BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND FILE WITH THE COUNTY OFFICE OF EDUCATION, FORM 700-CONFLICT OF INTEREST FORM, ON AN ANNUAL BASIS IN ORDER TO VERIFY THAT THERE IS NO FINANCIAL CONFLICT OF INTEREST PREVENTING THEM FROM SERVING ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTOR'S SALARIES ARE DETERMINED USING SALARY SCALES FOR EQUIVALENT POSITIONS IN THE DEMOGRAPHIC REGION/DISTRICT. SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE IN LINE WITH COMPARABLE POSITIONS IN THE REGION AND THE SCHOOL'S OVERALL OPERATING BUDGET.SAME AS ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST THE GOVERNING BOARD SECRETARY WILL MAKE THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES FROM PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt039084
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0232575
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01274713
IRS990/TotalAssetsEOYAmt01610424
IRS990/TotalAssetsGrp/BOYAmt01274713
IRS990/TotalAssetsGrp/EOYAmt01610424
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04688489
IRS990/TotalEmployeeCnt0101
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0889089
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03983036
IRS990/TotalFunctionalExpensesGrp/TotalAmt04872125
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0127413
IRS990/TotalLiabilitiesEOYAmt0219005
IRS990/TotalLiabilitiesGrp/BOYAmt0127413
IRS990/TotalLiabilitiesGrp/EOYAmt0219005
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01147300
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01391419
IRS990/TotalOtherCompensationAmt018036
IRS990/TotalProgramServiceExpensesAmt03983036
IRS990/TotalProgramServiceRevenueAmt0424281
IRS990/TotalReportableCompFromOrgAmt0121250
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0427755
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05116244
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01274713
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01610424
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt034646
IRS990/TravelGrp/TotalAmt034646
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01108216
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01158844
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01086 ALCATRAZ AVE
IRS990/USAddress/CityNm0OAKLAND
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094608
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.YUMINGSCHOOL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUE PARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum05104522063
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YU MING CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0YUMI
ReturnHeader/Filer/EIN0274260393

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