Civic Intelligence

Alpha Chi Sigma Educational Foundation Inc

990 • Fiscal year 2022 • EIN 35-6018436

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

6296 Rucker RoadIndianapolis, IN 46220

(573) 268-5513

Siviq Scores

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

Liabilities / Assets

60th percentile

0.05x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.69x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

13th percentile

-17%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-36%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$906,683

Down $183,145 (-17%) from 2021

Net Assets

Down

$861,833

Down $180,555 (-17%) from 2021

Liabilities

Down

$44,850

Down $2,590 (-5.5%) from 2021

Revenue

Down

$64,834

Down $36,145 (-36%) from 2021

Expenses

Up

$76,408

Up $31,202 (+69%) from 2021

Net Income

Down

-$11,574

Down $67,347 (-121%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $793,026Liabilities 2013: $78,718Net Assets 2013: $714,3082013Assets 2014: $811,756Liabilities 2014: $76,593Net Assets 2014: $735,1632014Assets 2015: $813,232Liabilities 2015: $72,867Net Assets 2015: $740,3652015Assets 2016: $885,023Liabilities 2016: $68,992Net Assets 2016: $816,0312016Assets 2017: $951,704Liabilities 2017: $62,968Net Assets 2017: $888,7362017Assets 2018: $836,926Liabilities 2018: $71,756Net Assets 2018: $765,1702018Assets 2019: $930,517Liabilities 2019: $67,138Net Assets 2019: $863,3792019Assets 2020: $1,049,611Liabilities 2020: $62,996Net Assets 2020: $986,6152020Assets 2021: $1,089,828Liabilities 2021: $47,440Net Assets 2021: $1,042,3882021Assets 2022: $906,683Liabilities 2022: $44,850Net Assets 2022: $861,8332022Assets 2023: $919,143Liabilities 2023: $38,510Net Assets 2023: $880,6332023Assets 2024: $924,194Liabilities 2024: $33,722Net Assets 2024: $890,4722024

Highlighted filing

2022

Assets$906,683
Liabilities$44,850
Net Assets$861,833

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $87,252Expenses 2013: $58,902Net Income 2013: $28,3502013Revenue 2014: $91,093Expenses 2014: $59,640Net Income 2014: $31,4532014Revenue 2015: $86,135Expenses 2015: $57,604Net Income 2015: $28,5312015Revenue 2016: $129,245Expenses 2016: $64,676Net Income 2016: $64,5692016Revenue 2017: $132,460Expenses 2017: $59,752Net Income 2017: $72,7082017Revenue 2018: $61,855Expenses 2018: $78,195Net Income 2018: -$16,3402018Revenue 2019: $37,259Expenses 2019: $55,165Net Income 2019: -$17,9062019Revenue 2020: $164,754Expenses 2020: $42,522Net Income 2020: $122,2322020Revenue 2021: $100,979Expenses 2021: $45,206Net Income 2021: $55,7732021Revenue 2022: $64,834Expenses 2022: $76,408Net Income 2022: -$11,5742022Revenue 2023: $74,425Expenses 2023: $101,447Net Income 2023: -$27,0222023Revenue 2024: $73,704Expenses 2024: $72,328Net Income 2024: $1,3762024

Highlighted filing

2022

Revenue$64,834
Expenses$76,408
Net Income-$11,574
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$233,640
Mission and Program Overview

Mission

The foundation provides funds to support educational activities in association with alpha chi sigma fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$967,997$749,575▼ $218,422
Cash and Non-Interest-Bearing Accounts$37,168$70,842▲ $33,674
Total Assets$1,089,828$906,683▼ $183,145
Other Assets Total$84,663$86,266▲ $1,603
Liabilities
Other Liabilities$47,440$44,850▼ $2,590
Total Liabilities$47,440$44,850▼ $2,590
Net Assets / Fund Balance
Net Assets With Donor Restrictions$903,392$734,551▼ $168,841
Net Assets Without Donor Restrictions$138,996$127,282▼ $11,714
Total Net Assets Fund Balance$1,042,388$861,833▼ $180,555
Total Liabilities and Net Assets / Fund Balance$1,089,828$906,683▼ $183,145

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$86,266--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$782,864$2,000▼ $107,457$47,000$630,407
2021$629,816$1,000▲ $180,918$28,870$782,864
2020$510,820$41,775▲ $119,743$42,522$629,816
2019$467,938$3,000▲ $70,457$30,575$510,820
2018$531,494$1,601▼ $28,399$36,758$467,938
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael R HeilmanPresident
Mark N EvaniakVice-president
Robert E StevensAssistant Secretary
Abbey J DegraffenreidAssistant Treasurer
John E AdamsSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,420
Program Service Revenue
$3,404
Investment Income
$35,010
Other Revenue
$0
All Other Contributions
$26,420
Change in Net Assets
$-11,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$47,000
Other Expenses$29,408
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$47,000--$47,000
Fees for Services Accounting-$14,686-$14,686
Fees for Service Investment Mgmnt Fees-$10,899-$10,899
Interest-$3,651-$3,651
Office Expenses-$116-$116
Other Expenses-$56-$56
Total Functional Expenses$47,000$29,408$0$76,408
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
Annuity Payable$41,465
Due to Fraternity$3,385
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The board of trustees elects the members. The term of the membership shall be ten years, with no restriction on the number of terms. The number of members shall at any time be limited to a minimum of twelve and a maximum of twenty.

Form 990, Part VI, Section A, Line 7A

The members of the foundation shall be of one class only. Each member shall be entitled to one vote. The vote is held at the annual meeting.

Form 990, Part VI, Section A, Line 7B

An annual meeting is held at the time and place established by the trustees, for the purpose of electing trustees, and transacting other business that may be properly brought before the meeting. If an annual meeting of members is not held, or if the trustees are not elected at the meeting, or at any adjournment thereof, trustees may be elected at any special meeting of members if notice of the proposed election is given. Trustees so elected at any special meeting of members shall hold office until the election or appointment of their successors.

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

The governing body receives a draft copy of the information return electronically for their review. The executive director coordinates the approval of the governing body. After approval is received, the information returns are submitted to the irs.

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

Trustees sign conflict of interest statements at the beginning of their term and each year thereafter in january. The trustee will inform the governing committee of any conflicts arising during the year and complete an updated conflicts of interest statement.

Form 990, Part VI, Section C, Line 19

The foundation makes available upon request copies of the application for exemption and the past three years information returns for public inspection at their office.

Filing and Contact Details

Filer

Filer Name
Alpha Chi Sigma Educational
EIN
35-6018436
Phone
5732685513
Address
6296 RUCKER ROAD, INDIANAPOLIS, IN 46220

Signing Officer

Name
John E Adams
Title
Secretary-treasurer
Phone
5732685513
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John E Adams
Formed
1958
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

Firm
Indinero
Address
440 N BARRANCA AVE 4637, COVINA, CA 91723
Preparer
Terri Regan CPA
Phone
8554634637
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0629816
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0119743
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt042522
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0467938
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0510820
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt070457
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt030575
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0531494
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01601
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0467938
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-28399
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt036758
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt086266
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOANS RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO FRATERNITY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt086266
IRS990ScheduleD/TotalLiabilityAmt044850
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt047000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS & AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES ELECTS THE MEMBERS. THE TERM OF THE MEMBERSHIP SHALL BE TEN YEARS, WITH NO RESTRICTION ON THE NUMBER OF TERMS. THE NUMBER OF MEMBERS SHALL AT ANY TIME BE LIMITED TO A MINIMUM OF TWELVE AND A MAXIMUM OF TWENTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE FOUNDATION SHALL BE OF ONE CLASS ONLY. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE. THE VOTE IS HELD AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ANNUAL MEETING IS HELD AT THE TIME AND PLACE ESTABLISHED BY THE TRUSTEES, FOR THE PURPOSE OF ELECTING TRUSTEES, AND TRANSACTING OTHER BUSINESS THAT MAY BE PROPERLY BROUGHT BEFORE THE MEETING. IF AN ANNUAL MEETING OF MEMBERS IS NOT HELD, OR IF THE TRUSTEES ARE NOT ELECTED AT THE MEETING, OR AT ANY ADJOURNMENT THEREOF, TRUSTEES MAY BE ELECTED AT ANY SPECIAL MEETING OF MEMBERS IF NOTICE OF THE PROPOSED ELECTION IS GIVEN. TRUSTEES SO ELECTED AT ANY SPECIAL MEETING OF MEMBERS SHALL HOLD OFFICE UNTIL THE ELECTION OR APPOINTMENT OF THEIR SUCCESSORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY RECEIVES A DRAFT COPY OF THE INFORMATION RETURN ELECTRONICALLY FOR THEIR REVIEW. THE EXECUTIVE DIRECTOR COORDINATES THE APPROVAL OF THE GOVERNING BODY. AFTER APPROVAL IS RECEIVED, THE INFORMATION RETURNS ARE SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRUSTEES SIGN CONFLICT OF INTEREST STATEMENTS AT THE BEGINNING OF THEIR TERM AND EACH YEAR THEREAFTER IN JANUARY. THE TRUSTEE WILL INFORM THE GOVERNING COMMITTEE OF ANY CONFLICTS ARISING DURING THE YEAR AND COMPLETE AN UPDATED CONFLICTS OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION MAKES AVAILABLE UPON REQUEST COPIES OF THE APPLICATION FOR EXEMPTION AND THE PAST THREE YEARS INFORMATION RETURNS FOR PUBLIC INSPECTION AT THEIR OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ALPHA CHI SIGMA FRATERNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0350141910
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FOSTER & PROMOTE SCIENTIFIC EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06296 RUCKER ROAD SUITE B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046220
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01089828
IRS990/TotalAssetsEOYAmt0906683
IRS990/TotalAssetsGrp/BOYAmt01089828
IRS990/TotalAssetsGrp/EOYAmt0906683
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt026420
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029408
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt047000
IRS990/TotalFunctionalExpensesGrp/TotalAmt076408
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt047440
IRS990/TotalLiabilitiesEOYAmt044850
IRS990/TotalLiabilitiesGrp/BOYAmt047440
IRS990/TotalLiabilitiesGrp/EOYAmt044850
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01042388
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0861833
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt047000
IRS990/TotalProgramServiceRevenueAmt03404
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt035010
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03404
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt064834
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01089828
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0906683
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06296 RUCKER ROAD
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046220
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0FOUNDATION.ALPHACHISIGMA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN E ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY-TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05732685513
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALPHA CHI SIGMA EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ALPH
ReturnHeader/Filer/EIN0356018436
ReturnHeader/Filer/PhoneNum05732685513

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