Civic Intelligence

Friends of the Cleveland Public Library

990 • Fiscal year 2019 • EIN 34-6565428

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

325 Superior Ave ECleveland, OH 44114

(216) 623-2821

Siviq Scores

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

Liabilities / Assets

47th percentile

0.02x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.02x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

80th percentile

25%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

72%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$518,114

Up $103,066 (+25%) from 2018

Net Assets

Up

$507,167

Up $132,181 (+35%) from 2018

Liabilities

Down

$10,947

Down $29,115 (-73%) from 2018

Revenue

Up

$459,958

Up $192,275 (+72%) from 2018

Expenses

Down

$351,016

Down $40,855 (-10%) from 2018

Net Income

Up

$108,942

Up $233,130 (+188%) from 2018

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$0Assets 2010: $745,558Liabilities 2010: $5,287Net Assets 2010: $740,2712010Assets 2011: $726,678Liabilities 2011: $2,250Net Assets 2011: $724,4282011Assets 2013: $919,270Liabilities 2013: $13,078Net Assets 2013: $906,1922013Assets 2014: $1,078,565Liabilities 2014: $11,810Net Assets 2014: $1,066,7552014Assets 2015: $953,661Liabilities 2015: $7,595Net Assets 2015: $946,0662015Assets 2017: $592,882Liabilities 2017: $7,970Net Assets 2017: $584,9122017Assets 2018: $415,048Liabilities 2018: $40,062Net Assets 2018: $374,9862018Assets 2019: $518,114Liabilities 2019: $10,947Net Assets 2019: $507,1672019Assets 2020: $613,070Liabilities 2020: $18,227Net Assets 2020: $594,8432020Assets 2021: $692,602Liabilities 2021: $42,405Net Assets 2021: $650,1972021Assets 2022: $818,405Liabilities 2022: $10,023Net Assets 2022: $808,3822022Assets 2024: $1,697,365Liabilities 2024: $545,802Net Assets 2024: $1,151,5632024

Highlighted filing

2019

Assets$518,114
Liabilities$10,947
Net Assets$507,167

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $141,1412010Expenses 2011: $154,4182011Revenue 2013: $149,087Expenses 2013: $172,452Net Income 2013: -$23,3652013Revenue 2014: $382,701Expenses 2014: $243,741Net Income 2014: $138,9602014Revenue 2015: $452,352Expenses 2015: $473,493Net Income 2015: -$21,1412015Revenue 2017: $322,863Expenses 2017: $410,596Net Income 2017: -$87,7332017Revenue 2018: $267,683Expenses 2018: $391,871Net Income 2018: -$124,1882018Revenue 2019: $459,958Expenses 2019: $351,016Net Income 2019: $108,9422019Revenue 2020: $268,682Expenses 2020: $204,048Net Income 2020: $64,6342020Revenue 2021: $436,979Expenses 2021: $396,491Net Income 2021: $40,4882021Revenue 2022: $702,110Expenses 2022: $489,778Net Income 2022: $212,3322022Revenue 2024: $594,272Expenses 2024: $1,910,860Net Income 2024: -$1,316,5882024

Highlighted filing

2019

Revenue$459,958
Expenses$351,016
Net Income$108,942
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$832,346
Mission and Program Overview

Mission

The friends of the cleveland public library engages and inspires individuals, businesses, and philanthropic organizations to support the programs, services, and collections of the cleveland public library. The organization provides the community with opportunities to participate in the success of the library through membership, volunteer opportunities, community partnerships, special events, literary programs, and the recycling and sale of used books.

Strengthen, steward, and advocate for the resources necessary to sustain the collections and programs of the cleveland public library

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$329,129$251,662▼ $77,467
Cash and Non-Interest-Bearing Accounts$30,134$236,941▲ $206,807
Land, Buildings, and Equipment, Net$21,332$19,523▼ $1,809
Accounts Receivable$10,000--
Inventories for Sale or Use$9,760$9,760→ $0
Prepaid Expenses and Deferred Charges$14,693$228▼ $14,465
Total Assets$415,048$518,114▲ $103,066
Liabilities
Accounts Payable and Accrued Expenses$40,062$10,947▼ $29,115
Total Liabilities$40,062$10,947▼ $29,115
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$308,210$335,241▲ $27,031
Net Assets With Donor Restrictions$66,776$171,926▲ $105,150
Total Net Assets Fund Balance$374,986$507,167▲ $132,181
Total Liabilities and Net Assets / Fund Balance$415,048$518,114▲ $103,066

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,804$23,971$35,775
Leasehold Improvements$7,719$1,188$8,907
Compensation and Service Providers

Board Members and Trustees

NameTitle
AARON O'BRIENPresident
Samantha JosephVice President
Felton Thomas JrDirector
John RowlandDirector
Kevin PoorDirector
Margaret WongDirector
Paul CoxDirector
Robyn GordonDirector
Robert PincusDirector Emeritus
Thomas CorriganTrustee
Tracey McgurkSecretary
Thomas DeweyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$438,167
Program Service Revenue
$29,463
Investment Income
$21,768
Other Revenue
$-29,440
All Other Contributions
$222,371
Change in Net Assets
$108,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$350,788
Total Fundraising Expense$22,445
Salaries, Compensation, and Employee Benefits$228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$18,692-$18,692
Information Technology$1,470$6,127$6,127$13,724
Depreciation Depletion$3,404$3,404-$6,808
Office Expenses-$566$4,341$4,907
Advertising$1,688-$1,687$3,375
Other Expenses$10,000$1,731$10,290$1,731
Fees for Service Investment Mgmnt Fees-$1,490-$1,490
Conferences and Meetings-$1,358-$1,358
Insurance-$500-$500
Payroll Taxes-$228-$228
All Other Expenses-$100-$100
Total Functional Expenses$280,732$47,839$22,445$351,016
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$144,086
Fundraising Gross Income$97,865
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Anniversary Affair$126,126$85,330$67,672$17,658
Cpl 150$187,535$12,535$2,393$10,142
Total Events$313,661$97,865$144,086$-46,221
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
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
No
Management duties delegated
No

Governance Explanations

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

The form 990 is reviewed by the president and/or the treasurer for any changes that should be made prior to filing.

Form 990, Part VI, Section B, Line 15

The board members review and approve the compensation of the key employees.

Form 990, Part VI, Section C, Line 19

The organization's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Cleveland Public Library Foundation
EIN
34-6565428
Phone
2166232821
Address
325 SUPERIOR AVE E, CLEVELAND, OH 44114

Signing Officer

Name
Gregory Stefani
Title
Treasurer
Phone
2166232821
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Stefani
Formed
1957
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
59

Preparer

Firm
Marcum Llp
Address
6685 BETA DRIVE, MAYFIELD VILLAGE, OH 44143
Preparer
Elisabeth C Wilson CPA
Phone
4404595700
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01314
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01314
IRS990/OtherRevenueTotalAmt01314
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0228
IRS990/PayrollTaxesGrp/TotalAmt0228
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014693
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0228
IRS990/PrincipalOfficerNm0GREGORY STEFANI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0451211
IRS990/ProgramServiceRevenueGrp/Desc0BOOK SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt029463
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt029463
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0140784
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt079416
IRS990/PYOtherExpensesAmt0250022
IRS990/PYOtherRevenueAmt013092
IRS990/PYProgramServiceRevenueAmt034391
IRS990/PYRevenuesLessExpensesAmt0-124188
IRS990/PYSalariesCompEmpBnftPaidAmt0141849
IRS990/PYTotalExpensesAmt0391871
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0267683
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0108942
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt046244
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0438167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0140784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0171606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0115854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0291861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01158272
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08650
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027920
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt023782
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt082158
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0220549
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76150
IRS990ScheduleA/PublicSupportPY170Pct00.58450
IRS990ScheduleA/PublicSupportTotal170Amt0944553
IRS990ScheduleA/SubstantialContributorsTotAmt0213719
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0438167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0140784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0171606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0115854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0291861
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01158272
IRS990ScheduleA/TotalSupportAmt01240430
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
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt017551
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt019594
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt020737
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt018995
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt076877
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt070203
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt078374
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt082949
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt075980
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0307506
IRS990ScheduleC/GrassrootsCeilingAmt0115316
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt017551
IRS990ScheduleC/LobbyingCeilingAmt0461259
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt070203
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0351016
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0351016
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt011804
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023971
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035775
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07719
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01188
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08907
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019523
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0215796
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt040796
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0175000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0144086
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt04690
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt04690
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNIVERSARY AFFAIR
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CPL 150
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt047297
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt047297
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0126126
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0187535
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0313661
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt085330
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt012535
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt097865
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-46221
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt070065
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt067672
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02393
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt022034
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt022034
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT AND/OR THE TREASURER FOR ANY CHANGES THAT SHOULD BE MADE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS REVIEW AND APPROVE THE COMPENSATION OF THE KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.55$1.15$0.59$1.91$1.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.01$0.81$0.70$0.49$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.04$0.65$0.44$0.40$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.02$0.59$0.27$0.20$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.51$0.46$0.35$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.04$0.37$0.27$0.39$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.01$0.58$0.32$0.41$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.01$0.95$0.45$0.47$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.07$0.38$0.24$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.91$0.15$0.17$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.72$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.01$0.74$0.14
Peer Organizations

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