Civic Intelligence

The Advance Charitable and Educational Fund

990 • Fiscal year 2017 • EIN 30-0240855

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 02, 2018

150 East 42nd Street 34th FloorNew York, NY 10017

(212) 682-2885

Siviq Scores

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

Liabilities / Assets

96th percentile

1.12x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

2.56x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

10th percentile

-15%

Higher net margin than 10% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

74th percentile

$135,203

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 20.2% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

99th percentile

2062%

Faster asset growth than 99% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-11%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,533,651

Up $1,462,721 (+2062%) from 2016

Net Assets

Down

-$180,919

Down $101,272 (-127%) from 2016

Liabilities

Up

$1,714,570

Up $1,563,993 (+1039%) from 2016

Revenue

Down

$669,106

Down $84,089 (-11%) from 2016

Expenses

Down

$770,378

Down $67,805 (-8.1%) from 2016

Net Income

Down

-$101,272

Down $16,284 (-19%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $3,554Liabilities 2011: $165,570Net Assets 2011: -$162,0162011Assets 2012: $99,828Liabilities 2012: $172,029Net Assets 2012: -$72,2012012Assets 2013: $70,494Liabilities 2013: $35,812Net Assets 2013: $34,6822013Assets 2015: $142,356Liabilities 2015: $137,015Net Assets 2015: $5,3412015Assets 2016: $70,930Liabilities 2016: $150,577Net Assets 2016: -$79,6472016Assets 2017: $1,533,651Liabilities 2017: $1,714,570Net Assets 2017: -$180,9192017Assets 2019: $711,470Liabilities 2019: $832,981Net Assets 2019: -$121,5112019Assets 2021: $318,677Liabilities 2021: $27,471Net Assets 2021: $291,2062021Assets 2022: $223,786Liabilities 2022: $3,900Net Assets 2022: $219,8862022

Highlighted filing

2017

Assets$1,533,651
Liabilities$1,714,570
Net Assets-$180,919

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $824,5532011Expenses 2012: $813,2922012Revenue 2013: $614,665Expenses 2013: $507,782Net Income 2013: $106,8832013Revenue 2015: $620,206Expenses 2015: $651,476Net Income 2015: -$31,2702015Revenue 2016: $753,195Expenses 2016: $838,183Net Income 2016: -$84,9882016Revenue 2017: $669,106Expenses 2017: $770,378Net Income 2017: -$101,2722017Revenue 2019: $785,878Expenses 2019: $686,802Net Income 2019: $99,0762019Revenue 2021: $388,259Expenses 2021: $349,451Net Income 2021: $38,8082021Revenue 2022: $16,474Expenses 2022: $83,894Net Income 2022: -$67,4202022

Highlighted filing

2017

Revenue$669,106
Expenses$770,378
Net Income-$101,272
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 2, 2018
Return Version
2016v3.0
Gross Receipts
$669,106
Mission and Program Overview

Mission

To provide a number of educational and charitable projects including fellowships, achievement recognition and artistic development.

To provide educational & charitable projects including fellowships, artistic devel, etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$55,901$1,513,001▲ $1,457,100
Pledges and Grants Receivable$8,250$16,500▲ $8,250
Savings and Temporary Cash Investments$1,989--
Prepaid Expenses and Deferred Charges$1,939$1,429▼ $510
Land, Buildings, and Equipment, Net$1,941$1,138▼ $803
Accounts Receivable$403$1,076▲ $673
Total Assets$70,930$1,533,651▲ $1,462,721
Other Assets Total$507$507→ $0
Liabilities
Deferred Revenue$2,873$1,375,399▲ $1,372,526
Accounts Payable and Accrued Expenses$147,704$339,171▲ $191,467
Total Liabilities$150,577$1,714,570▲ $1,563,993
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,000$30,000▲ $20,000
Unrestricted Net Assets$-89,647$-210,919▼ $121,272
Total Net Assets Fund Balance$-79,647$-180,919▼ $101,272
Total Liabilities and Net Assets / Fund Balance$70,930$1,533,651▲ $1,462,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,138$6,700$7,838
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Serafina MaioranoSecretary / Executive DirePT$135,203$135,203

Board Members and Trustees

NameTitle
Glen BorehamChair
Chris Robert BoshuizenBoard Member
Joanne CrewesBoard Member
Martin BlakeBoard Member
Michael Cannon-brookesBoard Member
Michelle Anne GarnautBoard Member
Nina BlackwellBoard Member
Terry SavageBoard Member
Derek YoudaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$471,014
Program Service Revenue
$173,545
Investment Income
$443
Other Revenue
$24,104
All Other Contributions
$172,236
Change in Net Assets
$-101,272

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$17,118Fair Market Value (FMV)
Other Non Cash Contri Table2$6,468Fair Market Value (FMV)
Other Non Cash Contri Table1$4,014Fair Market Value (FMV)
Total Noncash Contributions4$27,600-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$471,215
Salaries, Compensation, and Employee Benefits$299,163
Total Fundraising Expense$3,808
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$160,708$15,683$1,903$178,294
Current Officers, Directors, Trustees, and Key Employees$76,345$7,451$904$84,700
Fees for Services Other$59,579$12,550-$72,129
Information Technology$45,693$6,992-$52,685
Office Expenses$13,758$33,296$61$47,115
All Other Expenses$38,452$817-$39,269
Other Expenses$35,571$2,758$565$38,329
Occupancy-$22,529-$22,529
Payroll Taxes$17,381$1,765$195$19,341
Fees for Services Accounting$6,806$11,619-$18,425
Other Employee Benefits$15,168$1,480$180$16,828
Advertising$8,035--$8,035
Insurance$361$3,528-$3,889
Depreciation Depletion-$803-$803
Total Functional Expenses$634,447$132,123$3,808$770,378
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
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
No
Management duties delegated
No

Governance Explanations

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

The 990 is reviewed and approved by the chief operating officer before submittal. Other board members may review the 990 upon request.

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

The organization requests all new and existing board members to disclose annually any existing or potential conflict of interest activities.

Form 990, Part VI, Section C, Line 19

A copy of form 990 & other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Advance Charitable and Educational
EIN
30-0240855
Phone
2126822885
Address
150 EAST 42ND STREET 34TH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Serafina Maiorano
Title
Secretary/exec. Director
Phone
2126822885
Signed
2018-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Serafina Maiorano
Formed
2004
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
Laurence Scot Mba CPA
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants & contractors: program service expenses 59,579. Management and general expenses 12,550. Fundraising expenses 0. Total expenses 72,129.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01765
IRS990/PayrollTaxesGrp/ProgramServicesAmt017381
IRS990/PayrollTaxesGrp/TotalAmt019341
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08250
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt016500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01939
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01429
IRS990/PrincipalOfficerNm0SERAFINA MAIORANO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIP INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0173545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0173545
IRS990/ProgSrvcAccomActy2Grp/Desc0INNOVATION SUMMIT - ANNUAL EVENT THAT SHOWCASES AUSTRALIAN INNOVATION AND BUSINESSES TO THE US MARKET, CONNECTS THE NEXT GENERATION OF AUSTRALIAN ENTREPRENEURS AND INNOVATORS WITH DYNAMIC GLOBAL NETWORKS, KEY BUSINESS INSIDERS AND INVESTORS AND PROVIDES MENTORING TO AUSTRALIAN UNIVERSITY STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0116539
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt075494
IRS990/ProgSrvcAccomActy3Grp/Desc0DATABASE OF AUSTRALIAN EXPATRIATES - CREATION AND MAINTENANCE OF COMPREHENSIVE MEMBER LIST TO FOSTER MEMBER NETWORKING AND RELATIONSHIP BUILDING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0257139
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADVANCE GLOBAL AUSTRALIAN AWARDS - AWARDS GIVEN TO SELECT AUSTRALIAN INDIVIDUALS LIVING OVERSEAS WHO EXHIBIT REMARKABLE TALENT, EXCEPTIONAL VISION, AMBITION AND WHO ARE FUTURE LEADERS AND INNOVATORS IN THEIR CHOSEN FIELD.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0142717
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt098051
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0460815
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03233
IRS990/PYOtherExpensesAmt0589459
IRS990/PYOtherRevenueAmt0-24847
IRS990/PYProgramServiceRevenueAmt0313994
IRS990/PYRevenuesLessExpensesAmt0-84988
IRS990/PYSalariesCompEmpBnftPaidAmt0248724
IRS990/PYTotalExpensesAmt0838183
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0753195
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-101272
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01989
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2012 AMOUNT: $ 10,492. 2013 AMOUNT: $ 266. CURRENCY TRANSLATION - 2012 AMOUNT: $ -21,664. 2013 AMOUNT: $ 2,314. 2014 AMOUNT: $ -35,377. 2015 AMOUNT: $ -24,847. 2016 AMOUNT: $ 24,104.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1COLUMN (A) IS FOR THE PERIOD 01/01/2013 - 12/31/2013. COLUMN (B) IS FOR THE SHORT PERIOD 01/01/2014 - 06/30/2014. COLUMN (C) IS FOR THE PERIOD 07/01/2014 - 06/30/2015. COLUMN (D) IS FOR THE PERIOD 07/01/2015 - 06/30/2016. COLUMN (E) IS FOR THE PERIOD 07/01/2016 - 06/30/2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, SECTION A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0471014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0460815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0566315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0270595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0533654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02302393
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03233
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01891
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05585
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0684313
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt024104
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-24847
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0-35377
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02580
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-11172
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-44712
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98160
IRS990ScheduleA/PublicSupportPY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt02221733
IRS990ScheduleA/SubstantialContributorsTotAmt080660
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0471014
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0460815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0566315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0270595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0533654
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02302393
IRS990ScheduleA/TotalSupportAmt02263266
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01138
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06700
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07838
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01138
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt12
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AIRFARE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1OFFICE SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2FURNITURE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt017118
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt16468
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt24014
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND APPROVED BY THE CHIEF OPERATING OFFICER BEFORE SUBMITTAL. OTHER BOARD MEMBERS MAY REVIEW THE 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUESTS ALL NEW AND EXISTING BOARD MEMBERS TO DISCLOSE ANNUALLY ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 & OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS & CONTRACTORS: PROGRAM SERVICE EXPENSES 59,579. MANAGEMENT AND GENERAL EXPENSES 12,550. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,129.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ADVANCE GLOBAL AUSTRALIAN PROFESSIONALS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061674947
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY

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