Civic Intelligence

Detroit Lakes Area College Foundation

EIN 41-1407214 • 501(c)3 • Detroit Lakes, MN

Profile

Raise funds for student scholarships and provide resources for academic programs at minnesota state community and technical college (msctc)- detroit lakes, mn campus.

900 Highway 34 EastDetroit Lakes, MN 56501

www.minnesota.edu/DLACF

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

34th percentile

-6.6%

Higher net margin than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

47th percentile

-3.8%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-31%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$290,652

Down $11,363 (-3.8%) from 2015

Liabilities

Flat

$0

Flat from 2015

Net Assets

Down

$290,652

Down $11,363 (-3.8%) from 2015

Operations
Liabilities / Revenue62nd percentileNet Margin34th percentile

Revenue

Down

$131,516

Down $57,718 (-31%) from 2015

Expenses

Down

$140,204

Down $42,473 (-23%) from 2015

Net Income

Down

-$8,688

Down $15,245 (-232%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

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

$400K$300K$200K$100K$0Assets 2011: $270,445Liabilities 2011: $02011Assets 2012: $290,273Liabilities 2012: $1,5002012Assets 2013: $279,350Liabilities 2013: $0Net Assets 2013: $279,3502013Assets 2014: $309,316Liabilities 2014: $0Net Assets 2014: $309,3162014Assets 2015: $302,015Liabilities 2015: $0Net Assets 2015: $302,0152015Assets 2016: $290,652Liabilities 2016: $0Net Assets 2016: $290,6522016

Highlighted filing

2016

Assets$290,652
Liabilities$0
Net Assets$290,652
Open 2016 Filing

Operations Trend

Revenue Growth27th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $101,503Expenses 2011: $63,675Net Income 2011: $37,8282011Revenue 2012: $43,418Expenses 2012: $29,171Net Income 2012: $14,2472012Revenue 2013: $21,517Expenses 2013: $30,940Net Income 2013: -$9,4232013Revenue 2014: $33,512Expenses 2014: $20,498Net Income 2014: $13,0142014Revenue 2015: $189,234Expenses 2015: $182,677Net Income 2015: $6,5572015Revenue 2016: $131,516Expenses 2016: $140,204Net Income 2016: -$8,6882016

Highlighted filing

2016

Revenue$131,516
Expenses$140,204
Net Income-$8,688
Open 2016 Filing

Filings

Most recent year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$290,652
Liabilities
$0
Net assets
$290,652
Revenue
$131,516
Expenses
$140,204
Net income
-$8,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$1.32$1.40$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$1.89$1.83$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.34$0.20$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.00$2.79$0.22$0.31$0.09
2012Summary only. Only limited summary data is available for this year.$2.90$0.02$0.43$0.29$0.14
2011Summary only. Only limited summary data is available for this year.$2.70$0.00$1.02$0.64$0.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 7, 2016
Return Version
2015v2.0
Gross Receipts
$317,091
Mission and Program Overview

Mission

Raise funds for student scholarships and provide resources for academic programs at minnesota state community and technical college (msctc)- detroit lakes, mn campus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$246,297$243,084▼ $3,213
Cash and Non-Interest-Bearing Accounts$44,298$38,131▼ $6,167
Savings and Temporary Cash Investments$8,832$8,602▼ $230
Pledges and Grants Receivable$2,588$835▼ $1,753
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$302,015$290,652▼ $11,363
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$199,426$189,817▼ $9,609
Permanently Rstr Net Assets$100,000$100,000→ $0
Temporarily Rstr Net Assets$2,589$835▼ $1,754
Total Net Assets Fund Balance$302,015$290,652▼ $11,363
Total Liabilities and Net Assets / Fund Balance$302,015$290,652▼ $11,363

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$15,000---$15,000
2015$15,000---$15,000
2014-$15,000--$15,000
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Ashley McnallyChairman
Chris ThorsonVice Chair
Amber JaskenBoard Member
Denise LaymonBoard Member
Keith GilbertsonBoard Member
Lynette PriceBoard Member
Natalie BlyBoard Member
Peggy KennedyBoard Member
Carmen McculloughSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$132,507
Program Service Revenue
$0
Investment Income
$-1,991
Other Revenue
$1,000
All Other Contributions
$132,507
Change in Net Assets
$-8,688

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$91,906Fair Market Value (FMV)
Other Non Cash Contri Table2$5,000Fair Market Value (FMV)
Cars and Other Vehicles1$3,500Fair Market Value (FMV)
Other Non Cash Contri Table4$2,970Fair Market Value (FMV)
Other Non Cash Contri Table1$2,000Fair Market Value (FMV)
Other Non Cash Contri Table1$1,000Fair Market Value (FMV)
Total Noncash Contributions10$106,376-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$128,426
Other Expenses$11,778
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$107,626--$107,626
Grants to Domestic Individuals$20,800--$20,800
Information Technology-$5,508-$5,508
Fees for Service Investment Mgmnt Fees-$2,428-$2,428
Fees for Services Accounting-$2,200-$2,200
Insurance-$1,025-$1,025
Office Expenses-$234-$234
Other Expenses-$20-$20
Conferences and Meetings-$8-$8
Total Functional Expenses$128,426$11,778$0$140,204
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mn State Comm & Tech CollegeDetroit Lakes, MN501(c)(3)General Educational Support$1,250
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board of trustees reviews and approves form 990”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Conflict of interest policy is anually reviewed. Board members are required to disclose in writing potential interests that could give rise to conflict each year.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All foundation public information is available upon request by contacting the foundation and indicating the records requested.”

Filing and Contact Details

Filer

Filer Name
Detroit Lakes Area College Foundation
EIN
41-1407214
Phone
2188463720
Address
900 HIGHWAY 34 EAST, DETROIT LAKES, MN 56501

Signing Officer

Name
Ashley Mcnally
Title
Chairman
Signed
2016-12-07
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Benson Leitheiser & Soberg
Address
PO BOX 667, DETROIT LAKES, MN 56502
Preparer
Gregg W Benson
Phone
2188473114
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The endowment funds are to be used for scholarships for students at the detroit lakes campus of minnesota state community and technical college.”

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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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IRS990/OtherRevenueMiscGrp/ExclusionAmt01000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01000
IRS990/OtherRevenueTotalAmt01000
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0100000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0100000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02588
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0835
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS - THE FOUNDATION PROVIDED SCHOLARSHIPS TO 23 MSCTC-DETROIT LAKES STUDENTS DURING THE FISCAL YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt020800
IRS990/ProgSrvcAccomActy2Grp/GrantAmt020800
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER COLLEGE SUPPORT - THE FOUNDATION PROVIDED SUPPORT TO THE COLLEGE FOR VARIOUS OTHER OPERATIONAL AND PROMOTIONAL PURPOSES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01250
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01250
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0173605
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0172650
IRS990/PYInvestmentIncomeAmt016373
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt010027
IRS990/PYOtherRevenueAmt0-744
IRS990/PYRevenuesLessExpensesAmt06557
IRS990/PYTotalExpensesAmt0182677
IRS990/PYTotalRevenueAmt0189234
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-8688
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08832
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08602
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0132507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0173605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt021695
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt038666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0374670
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05983
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04630
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03495
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014986
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04752
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt033846
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.91710
IRS990ScheduleA/PublicSupportPY170Pct00.91480
IRS990ScheduleA/PublicSupportTotal170Amt0374670
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0132507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0173605
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt021695
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08197
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt038666
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0374670
IRS990ScheduleA/TotalSupportAmt0408516
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt015000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt015000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt015000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt015000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt015000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt015000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS FOR STUDENTS AT THE DETROIT LAKES CAMPUS OF MINNESOTA STATE COMMUNITY AND TECHNICAL COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS AND AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt023
IRS990ScheduleI/RecipientTable/CashGrantAmt01250
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0106376
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0EDUCATIONAL TRAINING MATERIALS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MN STATE COMM & TECH COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0411687554
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0900 HIGHWAY 34 EAST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT LAKES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056501
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/CarsAndOtherVehiclesGrp/ContributionCnt01
IRS990ScheduleM/CarsAndOtherVehiclesGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NoncashContributionsRptF990Amt03500
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt22
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt34
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt41
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0RADIOGRAPHY EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1SNOWMOBILE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2X-RAY MACHINES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc4PRINTER/SCANNER
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt4FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd3X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd4X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt091906
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt11000

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