Civic Intelligence

Friends Health Care Association Inc

EIN 31-0920577 • 501(c)3 • Yellow Springs, OH

Profile

Friends care community meets the residential living needs of seniors and others by providing independent living, assisted care, skilled care and convalescent options in a vibrant, homelike environment. Through respect for the dignity and unique needs of each individual, we aspire to the happiness and fulfillment of all residents and staff and the confidence and trust of family members and the yellow springs community.

150 East Herman StreetYellow Springs, OH 45387

www.friendshealthcare.org

Siviq Scores

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

Liabilities / Assets

80th percentile

0.53x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.58x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

31st percentile

-2.0%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$166,098

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

20th percentile

-4.9%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-8.4%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,085,205

Down $1,413,608 (-15%) from 2021

Liabilities

Down

$4,746,986

Down $538,321 (-10%) from 2021

Net Assets

Down

$3,338,219

Down $875,287 (-21%) from 2021

Revenue

Down

$6,568,922

Down $1,192,794 (-15%) from 2021

Expenses

Down

$7,351,943

Down $221,189 (-2.9%) from 2021

Net Income

Down

-$783,021

Down $971,605 (-515%) from 2021

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $9,570,653Liabilities 2010: $6,010,764Net Assets 2010: $3,559,8892010Assets 2011: $10,372,357Liabilities 2011: $7,477,160Net Assets 2011: $2,895,1972011Assets 2012: $10,751,549Liabilities 2012: $7,849,076Net Assets 2012: $2,902,4732012Assets 2013: $10,432,453Liabilities 2013: $7,805,680Net Assets 2013: $2,626,7732013Assets 2014: $10,552,330Liabilities 2014: $7,766,442Net Assets 2014: $2,785,8882014Assets 2015: $10,288,465Liabilities 2015: $7,165,912Net Assets 2015: $3,122,5532015Assets 2016: $10,334,433Liabilities 2016: $7,080,521Net Assets 2016: $3,253,9122016Assets 2017: $10,081,340Liabilities 2017: $6,640,722Net Assets 2017: $3,440,6182017Assets 2018: $10,004,574Liabilities 2018: $6,558,477Net Assets 2018: $3,446,0972018Assets 2019: $9,598,433Liabilities 2019: $6,076,723Net Assets 2019: $3,521,7102019Assets 2020: $10,232,697Liabilities 2020: $6,273,153Net Assets 2020: $3,959,5442020Assets 2021: $9,498,813Liabilities 2021: $5,285,307Net Assets 2021: $4,213,5062021Assets 2022: $8,085,205Liabilities 2022: $4,746,986Net Assets 2022: $3,338,2192022

Highlighted filing

2022

Assets$8,085,205
Liabilities$4,746,986
Net Assets$3,338,219

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $6,210,5702010Expenses 2011: $6,095,0772011Expenses 2012: $6,448,5502012Revenue 2013: $6,626,395Expenses 2013: $6,905,651Net Income 2013: -$279,2562013Revenue 2014: $6,822,462Expenses 2014: $6,668,893Net Income 2014: $153,5692014Revenue 2015: $7,120,950Expenses 2015: $6,781,426Net Income 2015: $339,5242015Revenue 2016: $6,871,838Expenses 2016: $6,750,517Net Income 2016: $121,3212016Revenue 2017: $7,474,216Expenses 2017: $7,331,326Net Income 2017: $142,8902017Revenue 2018: $7,606,717Expenses 2018: $7,572,123Net Income 2018: $34,5942018Revenue 2019: $7,944,336Expenses 2019: $7,934,443Net Income 2019: $9,8932019Revenue 2020: $8,263,483Expenses 2020: $7,879,897Net Income 2020: $383,5862020Revenue 2021: $7,761,716Expenses 2021: $7,573,132Net Income 2021: $188,5842021Revenue 2022: $6,568,922Expenses 2022: $7,351,943Net Income 2022: -$783,0212022

Highlighted filing

2022

Revenue$6,568,922
Expenses$7,351,943
Net Income-$783,021

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$4.75$3.34$6.57$7.35$0.78
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.50$5.29$4.21$7.76$7.57$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$6.27$3.96$8.26$7.88$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.60$6.08$3.52$7.94$7.93$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$6.56$3.45$7.61$7.57$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$6.64$3.44$7.47$7.33$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$7.08$3.25$6.87$6.75$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$7.17$3.12$7.12$6.78$0.34
2014Detailed filing. Detailed filing data is available for this year.$10.6$7.77$2.79$6.82$6.67$0.15
2013Detailed filing. Detailed filing data is available for this year.$10.4$7.81$2.63$6.63$6.91$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$7.85$2.90$6.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$7.48$2.90$6.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.57$6.01$3.56$6.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$6,568,922
Mission and Program Overview

Mission

Friends care community meets the residential living needs of seniors and others by providing independent living, assisted care, skilled care and convalescent options in a vibrant, homelike environment. Through respect for the dignity and unique needs of each individual, we aspire to the happiness and fulfillment of all residents and staff and the confidence and trust of family members and the yellow springs community.

Fhca operates a continuing care retirement community serving the yellow springs community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,631,057$5,228,650▼ $402,407
Savings and Temporary Cash Investments$2,859,497$2,097,101▼ $762,396
Accounts Receivable$384,384$230,310▼ $154,074
Prepaid Expenses and Deferred Charges$52,860$50,065▼ $2,795
Cash and Non-Interest-Bearing Accounts$550$550→ $0
Total Assets$9,498,813$8,085,205▼ $1,413,608
Other Assets Total$570,465$478,529▼ $91,936
Liabilities
Deferred Revenue$3,013,740$2,863,957▼ $149,783
Mortgage Notes Payable Secured by Investment Property$918,886$828,867▼ $90,019
Accounts Payable and Accrued Expenses$520,733$573,911▲ $53,178
Tax Exempt Bond Liabilities$736,896$377,310▼ $359,586
Other Liabilities$95,052$102,941▲ $7,889
Total Liabilities$5,285,307$4,746,986▼ $538,321
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,693,041$2,884,690▼ $808,351
Net Assets With Donor Restrictions$520,465$453,529▼ $66,936
Total Net Assets Fund Balance$4,213,506$3,338,219▼ $875,287
Total Liabilities and Net Assets / Fund Balance$9,498,813$8,085,205▼ $1,413,608

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,612,027$10,597,300$15,209,327
Equipment$185,567$2,163,795$2,349,362
Other Land Buildings$170,849$271,029$441,878
Land$260,207-$125,324
Other Assets Org$139,884--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$570,465$0▼ $85,286$6,650$478,529
2021$504,777-▲ $72,028$6,340$570,465
2020$448,746$1,589▲ $60,588$6,146$504,777
2019$382,418$300▲ $71,866$5,838$448,746
2018$411,111-▼ $23,277$5,416$382,418
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MontgomeryExecutive DirectorFT$141,492$17,554$159,046
Hannah MormonDirector of NursingFT$134,043-$134,043

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Concept RehabTherapy Services7150 GRANITE CIR 200, Toledo, OH 43617$329,121
Healthcare Services GroupDietary, Laundry, Housekeeping Svcs3220 TILLMAN DRIVE, Bensalem, PA 19020$277,486
Dayfield Senior SolutionsAccounting And Billing Services609 WOODSIDE DR, Englewood, OH 45322$141,480
Revenue and Support

Revenue Composition

Contributions and Grants
$77,481
Program Service Revenue
$6,483,790
Investment Income
$7,651
Other Revenue
$0
All Other Contributions
$57,481
Change in Net Assets
$-783,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,568,922
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-92,266
Total Revenue per Audited Statements
$6,476,656
Total Revenue per Form 990
$6,568,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,931,575
Other Expenses$3,420,368
Total Fundraising Expense$400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,373,285$61,158-$3,434,443
Fees for Services Other$902,946$115,451$400$1,018,797
Depreciation Depletion$547,076$6,373-$553,449
Occupancy$310,033$7,050-$317,083
Other Employee Benefits$315,570--$315,570
Office Expenses$198,218$3,220-$201,438
Current Officers, Directors, Trustees, and Key Employees-$159,046-$159,046
Other Expenses$191,527$133,130$0$133,130
All Other Expenses$120,140--$120,140
Insurance$116,249--$116,249
Interest$49,834$8,413-$58,247
Advertising$30,235--$30,235
Payroll Taxes$22,516--$22,516
Fees for Services Accounting-$17,225-$17,225
Fees for Services Management-$13,445-$13,445
Fees for Services Legal-$10,599-$10,599
Travel$8,010--$8,010
Total Functional Expenses$6,806,842$544,701$400$7,351,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,351,943
Total Expenses per Audited Statements$7,351,943
Total Expenses per Form 990$7,351,943
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
Refundable Residency Fees$102,941
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 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
Yes
Other officer compensation reviewed
No
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 B, Line 11B

The executive director and outsourced accountant review a draft form 990. Before filing with the irs, the form 990 is provided to the board of trustees.

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

The organization requires the board of trustees and all senior administrative staff members to complete and turn in a conflict of interest disclosure form, which is required to be completed annually or sooner if a potential conflict arises during the year.

Form 990, Part VI, Section B, Line 15A

Executive director compensation determination: the board receives evaluation forms from each board member regarding his performance on an annual basis. The board president and vice-president complete the annual performance appraisal with the board in executive session and determine the adjustment in compensation, if any. The board president and vice-president meet with the executive director to review the performance appraisal.

Form 990, Part VI, Section C, Line 19

Documents are made public upon request by providing the requestor with copies of the requested documents.

Filing and Contact Details

Filer

Filer Name
Friends Health Care Association Inc
EIN
31-0920577
Phone
9377677363
Address
150 EAST HERMAN STREET, YELLOW SPRINGS, OH 45387
Doing Business As
Friends Care Community

Signing Officer

Name
Michael J Montgomery
Title
Executive Director
Phone
9377677363
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael J Montgomery
Formed
1977
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
139
Volunteers
11

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 EAST MAIN STREET SUITE 500, SPRINGFIELD, OH 45502
Preparer
April Caulfield
Phone
9373992000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other program service fees: program service expenses 902,946. Management and general expenses 2,027. Fundraising expenses 400. Total expenses 905,373. Consulting fees: program service expenses 0. Management and general expenses 113,424. Fundraising expenses 0. Total expenses 113,424.

FORM 990, PART XI, LINE 9:

Change in value of interests in assets held by community foundations -92,266.

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

Financial Statement Notes

PART V, LINE 4:

The endowment is designed to provide a permanent fund, the income from which will produce a source of revenue to the benefit of friends care community.

PART X, LINE 2:

The community is exempt from federal income tax under section 501(c)(3) of the internal revenue code. Income from certain activities not directly related to the community's tax-exempt purpose is subject to taxation as unrelated business income. Therefore, the community follows the provisions of accounting for uncertainty in income taxes. Those provisions clarify the accounting and recognition for income tax positions taken or expected to be taken in the community's annual reporting returns. The community's reporting returns are subject to audit by federal and state taxing authorities. No income tax provision has been included in the financial statements as the community has determined it does not have unrelated business income subject to taxation.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in beneficial interest in perpetual trust -92,266.

Raw XML AppendixShowing 400 of 604 raw XML fields

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/ActivityOrMissionDesc0FHCA OPERATES A CONTINUING CARE RETIREMENT COMMUNITY SERVING THE YELLOW SPRINGS COMMUNITY.
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IRS990/Desc0THE SKILLED NURSING CENTER OFFERS A PLACE FOR SHORT TERM REHABILITATION AFTER A HOSPITAL STAY OR LONG TERM CARE WHEN NEEDED. STAFFED BY FRIENDLY, CARING PEOPLE, ITS 66-BED NURSING FACILITY INCLUDES 16 REHABILITATION/SHORT-TERM CARE BEDS. REHABILITATIVE CARE IS PROVIDED BY LICENSED PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS FOR RESIDENTS RECOVERING FROM MAJOR SURGERY, STROKE, HEART ATTACK, ORTHOPEDIC AND OTHER MEDICAL CONDITIONS AND ILLNESSES.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1117554
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0SANDRA LANG PHD
IRS990/Form990PartVIISectionAGrp/PersonNm1TOM MALCOLM
IRS990/Form990PartVIISectionAGrp/PersonNm2TRENT FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm3LIZ PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm4ABBY COBB
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY C HOLLAND
IRS990/Form990PartVIISectionAGrp/PersonNm6KEVIN JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm7MARIANA FRANKLIN PATTON
IRS990/Form990PartVIISectionAGrp/PersonNm8STERLING WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm9DIANE CHIDDISTER
IRS990/Form990PartVIISectionAGrp/PersonNm10ANN POORTINGA
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL MONTGOMERY
IRS990/Form990PartVIISectionAGrp/PersonNm12HANNAH MORMON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11141492
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF NURSING
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IRS990/MissionDesc0FRIENDS CARE COMMUNITY MEETS THE RESIDENTIAL LIVING NEEDS OF SENIORS AND OTHERS BY PROVIDING INDEPENDENT LIVING, ASSISTED CARE, SKILLED CARE AND CONVALESCENT OPTIONS IN A VIBRANT, HOMELIKE ENVIRONMENT. THROUGH RESPECT FOR THE DIGNITY AND UNIQUE NEEDS OF EACH INDIVIDUAL, WE ASPIRE TO THE HAPPINESS AND FULFILLMENT OF ALL RESIDENTS AND STAFF AND THE CONFIDENCE AND TRUST OF FAMILY MEMBERS AND THE YELLOW SPRINGS COMMUNITY.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0198218
IRS990/OfficeExpensesGrp/TotalAmt0201438
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IRS990/OtherAssetsTotalGrp/EOYAmt0478529
IRS990/OtherChangesInNetAssetsAmt0-92266
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0315570
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IRS990/OtherExpensesGrp/Desc1MEDICAL SUPPLIES AND DR
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IRS990/OtherExpensesGrp/FundraisingAmt10
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IRS990/OtherExpensesGrp/ProgramServicesAmt1297808
IRS990/OtherExpensesGrp/ProgramServicesAmt2191527
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IRS990/OtherExpensesGrp/TotalAmt2191527
IRS990/OtherExpensesGrp/TotalAmt3133130
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050065
IRS990/PrincipalOfficerNm0MICHAEL J MONTGOMERY
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1229643
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1229643
IRS990/ProgSrvcAccomActy2Grp/Desc0FEATURING 20 INDIVIDUAL APARTMENTS WITH FOUR DIFFERENT FLOOR PLANS AND LARGE BATHROOMS, THE ASSISTED LIVING UNIT IS A LICENSED FACILITY DESIGNED TO ENHANCE INDEPENDENCE. THE CENTER ENCOURAGES RESIDENTS TO ENJOY SOCIALIZING IN A SECURE, MODEST, QUIET SETTING.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01072943
IRS990/ProgSrvcAccomActy3Grp/Desc0INDEPENDENT LIVING AFFORDS PRIVACY AND FREEDOM COMBINED WITH THE SECURITY OF A 24 HOUR ON-CALL ASSISTANCE AND A MAINTENANCE FREE ENVIRONMENT. THE 11 INDEPENDENT LIVING DUPLEXES ARE NESTLED ALONG SPECTACULAR WALKING PATHS THROUGH BEAUTIFUL WOODS.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0386963
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IRS990/PYTotalExpensesAmt07573132
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IRS990/PYTotalRevenueAmt07761716
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0712642
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt043865
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt040702
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt058740
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07531496
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07871040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt07546909
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt023693
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013522
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt058740
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00170
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07914905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07587611
IRS990ScheduleA/Total509Grp/TotalAmt037939318
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07601133
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt037998058
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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