Civic Intelligence

Cleveland Hts Teachers Credit Union

EIN 34-0150715 • 501(c)14 • Cleveland, OH

Profile

Credit union provides lending, savings and other financial services to its qualifying members at terms generally better than available in the marketplace and with a service-based emphasis that recognizes the members status as owners

14780 Superior RdCleveland, OH 44118-2121

chtcu.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

96th percentile

0.00x

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

501(c)14 • <$500k nonprofits • Source year 2021

Net Margin

73rd percentile

-13%

Higher net margin than 73% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$83,856

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 45.6% of source-year revenue.

501(c)14 • <$500k nonprofits • Source year 2021

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

-32%

Faster revenue growth than 63% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $7,393,827 (-100%) from 2020

Liabilities

Down

$0

Down $5,936,211 (-100%) from 2020

Net Assets

Down

$0

Down $1,457,616 (-100%) from 2020

Revenue

Down

$183,882

Down $84,943 (-32%) from 2020

Expenses

Up

$207,199

Up $793 (+0.4%) from 2020

Net Income

Down

-$23,317

Down $85,736 (-137%) from 2020

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $8,287,470Liabilities 2012: $6,798,545Net Assets 2012: $1,488,9252012Assets 2013: $7,562,724Liabilities 2013: $6,048,762Net Assets 2013: $1,513,9622013Assets 2014: $7,527,781Liabilities 2014: $6,013,407Net Assets 2014: $1,514,3742014Assets 2015: $7,383,004Liabilities 2015: $5,834,435Net Assets 2015: $1,548,5692015Assets 2016: $7,462,277Liabilities 2016: $5,968,848Net Assets 2016: $1,493,4292016Assets 2017: $7,764,608Liabilities 2017: $6,269,143Net Assets 2017: $1,495,4652017Assets 2018: $7,202,997Liabilities 2018: $5,850,200Net Assets 2018: $1,352,7972018Assets 2019: $7,126,889Liabilities 2019: $5,731,692Net Assets 2019: $1,395,1972019Assets 2020: $7,393,827Liabilities 2020: $5,936,211Net Assets 2020: $1,457,6162020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $315,7452012Revenue 2013: $290,625Expenses 2013: $265,588Net Income 2013: $25,0372013Revenue 2014: $266,938Expenses 2014: $266,526Net Income 2014: $4122014Revenue 2015: $310,231Expenses 2015: $276,036Net Income 2015: $34,1952015Revenue 2016: $276,866Expenses 2016: $269,549Net Income 2016: $7,3172016Revenue 2017: $295,959Expenses 2017: $293,923Net Income 2017: $2,0362017Revenue 2018: $315,693Expenses 2018: $458,361Net Income 2018: -$142,6682018Revenue 2019: $324,920Expenses 2019: $282,520Net Income 2019: $42,4002019Revenue 2020: $268,825Expenses 2020: $206,406Net Income 2020: $62,4192020Revenue 2021: $183,882Expenses 2021: $207,199Net Income 2021: -$23,3172021

Highlighted filing

2021

Revenue$183,882
Expenses$207,199
Net Income-$23,317

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$183,882
Mission and Program Overview

Mission

Credit union provides lending, savings and other financial services to its qualifying members at terms generally better than available in the marketplace and with a service-based emphasis that recognizes the members status as owners

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,110,679--
Other Notes and Loans Receivable, Net$1,670,413--
Rtn Earn Endowment Incm Other Fnds$1,457,616--
Savings and Temporary Cash Investments$1,424,200--
Investments Program Related$74,921--
Receivables From Officers Etc$15,210--
Land, Buildings, and Equipment, Net$7,916--
Total Assets$7,393,827$0▼ $7,393,827
Other Assets Total$90,488--
Liabilities
Other Liabilities$5,926,987--
Accounts Payable and Accrued Expenses$9,224--
Total Liabilities$5,936,211$0▼ $5,936,211
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,457,616$0▼ $1,457,616
Total Liabilities and Net Assets / Fund Balance$7,393,827$0▼ $7,393,827

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,393$50,162$55,555
Leasehold Improvements-$990$990
Investment Program Related Org$74,921--
Other Assets Org$11,519--
Other Securities$4,239,869--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Debra LavinCEOFT$83,856$83,856

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$173,893
Investment Income
$9,989
Other Revenue
$0
Change in Net Assets
$-23,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,695
Salaries, Compensation, and Employee Benefits$95,176
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---$83,856
Office Expenses---$25,862
Other Expenses$20,862--$20,862
All Other Expenses---$17,779
Benefits to Members---$14,328
Other Salaries and Wages---$11,320
Travel---$750
Occupancy---$300
Total Functional Expenses$0$0$0$207,199
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$15,210--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares and Deposits$6,281,897
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The credit union is comprised of a single class of approximately 1100 member-owners, each of which has equal rights in ownership, governance and voting rights at the annual meetings, with the exception of the member-owners who are elected to the board of directors

Member election for additional members Part VI line 7A

Member-owners of the credit union elect at least two of the board of directors annually on a rotating basis until all seven are elected over a three year period. An election is held before the annual meeting by mail, if necessary. Resumes can be sent up to 60 days before the election. If there are more people running than positions, ballots are sent to all members at least 45 days before the election. The results are announced at the annual meeting.the board of directors appoint volunteers to serve on the supervisory committee, which monitors the work of employees and the honesty of directors and employees. They can report directly to the ohio dept of commerce if they cannot solve a problem by reporting it to the board of directors

Governing body decisions Part VI line 7B

The board of directors can make changes to the code of regulations or articles of incorporation without approval of the member-owners (with approval of regulatory agency). However, the member-owners can call a special meeting and make changes to the code of regulations or articles of incorporation (with approval of regulatory agency).

Form 990 governing body review Part VI line 11

The ceo acts on behalf of the board of directors and has the authority to review the form 990 and approve it for filing.

Conflict of interest policy compliance Part VI line 12C

Any officer, director, employee, or trustee who fails to disclose a conflict of interest can be removed by the board of directors. The supervisory committee will report to the ohio dept. Of commerce if several board of directors have conflict of interest problems and cant be removed.

CEO executive director top management comp Part VI line 15A

The board of directors reviews the compensation yearly. They look at earnings to see what can be paid. They can look at industry data to determine if the compensation is appropriate.

Other officer or key employee compensation Part VI line 15B

The board of directors reviews the compensation yearly. They look at earnings to see what can be paid. They can look at industry data to determine if the compensation is appropriate.

Governing documents etc available to public Part VI line 19

Governing documents and conflict of interest policy are available at members request. The two most current financial statements are posted on the wall of the credit union office.

Filing and Contact Details

Filer

Filer Name
Cleveland Hts Teachers Credit Union
EIN
34-0150715
Address
14780 SUPERIOR RD, CLEVELAND, OH 44118-2121

Signing Officer

Name
Brad Riley
Title
CFO
Phone
2163712550
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
1936
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
25

Preparer

Firm
Cbs Cpas LLC
Address
34305 Solon Rd Ste 10, Solon, OH 44139
Preparer
Ronald Schmidt
Phone
4405421536
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Merger with buckeye state credit union

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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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt06000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt16239
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0M ANDREW BENNEKAMPER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JOSEPHINE SHELTON TOWNES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt010694
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IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0MERGER WITH BUCKEYE STATE CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02022-06-30
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0BUCKEYE STATE CREDIT UNION
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/LiabilitiesPaidInd0true
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IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 1100 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBER-OWNERS OF THE CREDIT UNION ELECT AT LEAST TWO OF THE BOARD OF DIRECTORS ANNUALLY ON A ROTATING BASIS UNTIL ALL SEVEN ARE ELECTED OVER A THREE YEAR PERIOD. AN ELECTION IS HELD BEFORE THE ANNUAL MEETING BY MAIL, IF NECESSARY. RESUMES CAN BE SENT UP TO 60 DAYS BEFORE THE ELECTION. IF THERE ARE MORE PEOPLE RUNNING THAN POSITIONS, BALLOTS ARE SENT TO ALL MEMBERS AT LEAST 45 DAYS BEFORE THE ELECTION. THE RESULTS ARE ANNOUNCED AT THE ANNUAL MEETING.THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH MONITORS THE WORK OF EMPLOYEES AND THE HONESTY OF DIRECTORS AND EMPLOYEES. THEY CAN REPORT DIRECTLY TO THE OHIO DEPT OF COMMERCE IF THEY CANNOT SOLVE A PROBLEM BY REPORTING IT TO THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS CAN MAKE CHANGES TO THE CODE OF REGULATIONS OR ARTICLES OF INCORPORATION WITHOUT APPROVAL OF THE MEMBER-OWNERS (WITH APPROVAL OF REGULATORY AGENCY). HOWEVER, THE MEMBER-OWNERS CAN CALL A SPECIAL MEETING AND MAKE CHANGES TO THE CODE OF REGULATIONS OR ARTICLES OF INCORPORATION (WITH APPROVAL OF REGULATORY AGENCY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO ACTS ON BEHALF OF THE BOARD OF DIRECTORS AND HAS THE AUTHORITY TO REVIEW THE FORM 990 AND APPROVE IT FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY OFFICER, DIRECTOR, EMPLOYEE, OR TRUSTEE WHO FAILS TO DISCLOSE A CONFLICT OF INTEREST CAN BE REMOVED BY THE BOARD OF DIRECTORS. THE SUPERVISORY COMMITTEE WILL REPORT TO THE OHIO DEPT. OF COMMERCE IF SEVERAL BOARD OF DIRECTORS HAVE CONFLICT OF INTEREST PROBLEMS AND CANT BE REMOVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION YEARLY. THEY LOOK AT EARNINGS TO SEE WHAT CAN BE PAID. THEY CAN LOOK AT INDUSTRY DATA TO DETERMINE IF THE COMPENSATION IS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION YEARLY. THEY LOOK AT EARNINGS TO SEE WHAT CAN BE PAID. THEY CAN LOOK AT INDUSTRY DATA TO DETERMINE IF THE COMPENSATION IS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE AT MEMBERS REQUEST. THE TWO MOST CURRENT FINANCIAL STATEMENTS ARE POSTED ON THE WALL OF THE CREDIT UNION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MERGER WITH BUCKEYE STATE CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
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IRS990/TotalAssetsGrp/BOYAmt07393827
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207199
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05936211
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt05936211
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01457616
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0207199
IRS990/TotalProgramServiceRevenueAmt0173893
IRS990/TotalReportableCompFromOrgAmt083856
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0183882
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0183882
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07393827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0750
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0CHTCU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD RILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02163712550
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEVELAND HTS TEACHERS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CLEV
ReturnHeader/Filer/EIN0340150715
ReturnHeader/Filer/USAddress/AddressLine1Txt014780 SUPERIOR RD
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0441182121
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205124788
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CBS CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt034305 Solon Rd Ste 10
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Solon
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044139
ReturnHeader/PreparerPersonGrp/PhoneNum04405421536
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ronald Schmidt
ReturnHeader/ReturnTs02022-11-11T11:41:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRAD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RILEY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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