Civic Intelligence

Park Rapids Firemens Relief Association

990 • Fiscal year 2021 • EIN 41-6032720

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 29, 2022

PO Box 63Park Rapids, MN 56470

(218) 255-4542

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

65th percentile

18%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

75th percentile

47%

Faster revenue growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,881,164

Up $282,079 (+18%) from 2020

Net Assets

Up

$1,881,164

Up $282,079 (+18%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$376,486

Up $119,705 (+47%) from 2020

Expenses

Up

$93,768

Up $13,555 (+17%) from 2020

Net Income

Up

$282,718

Up $106,150 (+60%) from 2020

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 2017: $1,402,761Liabilities 2017: $0Net Assets 2017: $1,402,7612017Assets 2018: $1,326,142Liabilities 2018: $0Net Assets 2018: $1,326,1422018Assets 2019: $1,378,709Liabilities 2019: $0Net Assets 2019: $1,378,7092019Assets 2020: $1,599,085Liabilities 2020: $0Net Assets 2020: $1,599,0852020Assets 2021: $1,881,164Liabilities 2021: $0Net Assets 2021: $1,881,1642021Assets 2022: $1,262,697Liabilities 2022: $0Net Assets 2022: $1,262,6972022Assets 2023: $1,435,905Liabilities 2023: $0Net Assets 2023: $1,435,9052023Assets 2024: $1,822,768Liabilities 2024: $0Net Assets 2024: $1,822,7682024

Highlighted filing

2021

Assets$1,881,164
Liabilities$0
Net Assets$1,881,164

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $199,786Expenses 2017: $192,446Net Income 2017: $7,3402017Revenue 2018: $182,991Expenses 2018: $153,721Net Income 2018: $29,2702018Revenue 2019: $177,463Expenses 2019: $313,423Net Income 2019: -$135,9602019Revenue 2020: $256,781Expenses 2020: $80,213Net Income 2020: $176,5682020Revenue 2021: $376,486Expenses 2021: $93,768Net Income 2021: $282,7182021Revenue 2022: $216,101Expenses 2022: $648,515Net Income 2022: -$432,4142022Revenue 2023: $260,943Expenses 2023: $202,320Net Income 2023: $58,6232023Revenue 2024: $257,242Expenses 2024: $66,614Net Income 2024: $190,6282024

Highlighted filing

2021

Revenue$376,486
Expenses$93,768
Net Income$282,718
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 29, 2022
Return Version
2021v4.0
Gross Receipts
$1,095,198
Mission and Program Overview

Mission

To provide retirement and death benefits to volunteer firefighters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,506,152$1,804,222▲ $298,070
Savings and Temporary Cash Investments$79,020$69,144▼ $9,876
Cash and Non-Interest-Bearing Accounts$8,067$4,106▼ $3,961
Accounts Receivable$5,846$3,692▼ $2,154
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$1,599,085$1,881,164▲ $282,079
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,545,169$1,831,512▲ $286,343
Net Assets Without Donor Restrictions$53,916$49,652▼ $4,264
Total Net Assets Fund Balance$1,599,085$1,881,164▲ $282,079
Total Liabilities and Net Assets / Fund Balance$1,599,085$1,881,164▲ $282,079
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zachary DeshayesPresident
Robert MeierVice President
Keith CanfieldTrustee
Kyle LittleTrustee
Angel WeasnerCity Admin
Joe CarlsonFire Chief
Ryan LecknerMayor
Travis LittleSecretary
Joe EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,584
Program Service Revenue
$0
Investment Income
$199,273
Other Revenue
$14,629
All Other Contributions
$27,200
Change in Net Assets
$282,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$356,532
Revenue Not Reported on Financial Statements
$19,954
Revenue Not Reported on Form 990
$13,888
Total Revenue per Audited Statements
$370,420
Total Revenue per Form 990
$376,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$19,954-$19,954
Conferences and Meetings-$4,345-$4,345
Fees for Services Accounting-$3,950-$3,950
All Other Expenses-$2,465-$2,465
Other Expenses$55,130$1,977-$1,977
Fees for Services Other-$600-$600
Total Functional Expenses$55,130$38,638$0$93,768

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$93,768
Total Expenses per Audited Statements$88,341
Expenses per Audited Statements$73,814
Expenses Not Reported on Financial Statements$19,954
Expenses Not Reported on Form 990$14,527
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,286
Fundraising Direct Expenses$14,527
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mailings Fundraising$26,610-$1,566-
Golf Tournament$17,381$17,381$406$16,975
Total Events$43,991$17,381$10,172$7,209
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Two members of the governing board are brothers.

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

The annual pension and death benefit was increased from $4,750 to $6,500 for each year of active service.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Firefighters of the city of park rapids are members of the park rapids firefighters relief association.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The members of the association elect the governing body.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The decisions of the governing body are subject to approval by the association members.

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

A copy of the 990 is provided to the board for review and approval.

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

The members of the association's board of trustees annually complete a statement of economic interest statement as required by the minnesota campaign finance and public disclosure board.

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

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Park Rapids Firefighters Relief
EIN
41-6032720
Phone
2182554542
Address
PO BOX 63, PARK RAPIDS, MN 56470

Signing Officer

Name
Joe Erickson
Title
Treasurer
Signed
2022-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zachary Deshayes
Formed
1918
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
26

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 XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising expenses $14527

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising expenses $14527

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IRS990/OtherRevenueTotalAmt02870
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ZACHARY DESHAYES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0RETIREMENT AND DEATH BENEFITS PAID TO VOLUNTEER FIREFIGHTERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0155579
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt087679
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt080213
IRS990/PYOtherRevenueAmt013523
IRS990/PYRevenuesLessExpensesAmt0176568
IRS990/PYTotalExpensesAmt080213
IRS990/PYTotalRevenueAmt0256781
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0282718
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt079020
IRS990/SavingsAndTempCashInvstGrp/EOYAmt069144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0162584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0155579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0140880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0122134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0124355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0705532
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019575
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt027768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt052225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt068334
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0193266
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78450
IRS990ScheduleA/PublicSupportPY170Pct00.79720
IRS990ScheduleA/PublicSupportTotal170Amt0705532
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0162584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0155579
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0140880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0122134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0124355
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0705532
IRS990ScheduleA/TotalSupportAmt0899298
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/ExpensesNotReportedAmt014527
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt019954
IRS990ScheduleD/ExpensesSubtotalAmt073814
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt019954
IRS990ScheduleD/InvestmentExpensesNotIncldAmt019954
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-639
IRS990ScheduleD/OtherExpensesIncludedAmt014527
IRS990ScheduleD/OtherRevenueAmt014527
IRS990ScheduleD/RevenueNotReportedAmt013888
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt019954
IRS990ScheduleD/RevenueSubtotalAmt0356532
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES $14527
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES $14527
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt093768
IRS990ScheduleD/TotalRevenuePerForm990Amt0376486
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0370420
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt088341
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt026610
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt026610
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010172
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MAILINGS FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0688
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0688
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026610
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017381
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt043991
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017381
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017381
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07209
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt03992
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt03992
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01972
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01566
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0406
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt03520
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03520
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO MEMBERS OF THE GOVERNING BOARD ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ANNUAL PENSION AND DEATH BENEFIT WAS INCREASED FROM $4,750 TO $6,500 FOR EACH YEAR OF ACTIVE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FIREFIGHTERS OF THE CITY OF PARK RAPIDS ARE MEMBERS OF THE PARK RAPIDS FIREFIGHTERS RELIEF ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE ASSOCIATION ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE ASSOCIATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MEMBERS OF THE ASSOCIATION'S BOARD OF TRUSTEES ANNUALLY COMPLETE A STATEMENT OF ECONOMIC INTEREST STATEMENT AS REQUIRED BY THE MINNESOTA CAMPAIGN FINANCE AND PUBLIC DISCLOSURE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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