Civic Intelligence

Telcomm Credit Union

990 • Fiscal year 2013 • EIN 44-0538278

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 03, 2014

2155 E SunshineSpringfield, MO 65804

(417) 886-5355

Siviq Scores

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

Liabilities / Assets

18th percentile

0.87x

Higher debt load relative to assets than 18% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

63rd percentile

19.51x

Higher debt load relative to revenue than 63% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

50th percentile

$188,931

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

85th percentile

6.9%

Faster asset growth than 85% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$123,123,841

Up $7,994,077 (+6.9%) from 2012

Net Assets

Up

$16,594,750

Up $867,622 (+5.5%) from 2012

Liabilities

Up

$106,529,091

Up $7,126,455 (+7.2%) from 2012

Revenue

$5,459,242

No earlier filing loaded for comparison.

Expenses

Up

$4,591,620

Up $69,989 (+1.5%) from 2012

Net Income

$867,622

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2012: $115,129,764Liabilities 2012: $99,402,636Net Assets 2012: $15,727,1282012Assets 2013: $123,123,841Liabilities 2013: $106,529,091Net Assets 2013: $16,594,7502013Assets 2014: $129,041,823Liabilities 2014: $111,348,251Net Assets 2014: $17,693,5722014Assets 2015: $136,148,516Liabilities 2015: $117,512,742Net Assets 2015: $18,635,7742015Assets 2016: $143,508,635Liabilities 2016: $124,484,891Net Assets 2016: $19,023,7442016Assets 2017: $151,175,034Liabilities 2017: $130,350,998Net Assets 2017: $20,824,0362017Assets 2019: $178,949,811Liabilities 2019: $151,371,459Net Assets 2019: $27,578,3522019Assets 2020: $220,804,918Liabilities 2020: $189,054,866Net Assets 2020: $31,750,0522020Assets 2021: $246,500,693Liabilities 2021: $211,828,186Net Assets 2021: $34,672,5072021Assets 2022: $273,963,242Liabilities 2022: $241,577,741Net Assets 2022: $32,385,5012022Assets 2024: $308,222,357Liabilities 2024: $270,236,605Net Assets 2024: $37,985,7522024

Highlighted filing

2013

Assets$123,123,841
Liabilities$106,529,091
Net Assets$16,594,750

Operations Trend

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

$30M$20M$10M$0Expenses 2012: $4,521,6312012Revenue 2013: $5,459,242Expenses 2013: $4,591,620Net Income 2013: $867,6222013Revenue 2014: $5,451,406Expenses 2014: $4,352,584Net Income 2014: $1,098,8222014Revenue 2015: $5,655,440Expenses 2015: $4,643,634Net Income 2015: $1,011,8062015Revenue 2016: $6,174,221Expenses 2016: $4,790,373Net Income 2016: $1,383,8482016Revenue 2017: $6,820,371Expenses 2017: $5,128,582Net Income 2017: $1,691,7892017Revenue 2019: $9,697,193Expenses 2019: $6,693,451Net Income 2019: $3,003,7422019Revenue 2020: $10,586,724Expenses 2020: $7,405,624Net Income 2020: $3,181,1002020Revenue 2021: $11,784,630Expenses 2021: $8,000,578Net Income 2021: $3,784,0522021Revenue 2022: $13,563,264Expenses 2022: $10,356,566Net Income 2022: $3,206,6982022Revenue 2024: $20,898,720Expenses 2024: $18,898,035Net Income 2024: $2,000,6852024

Highlighted filing

2013

Revenue$5,459,242
Expenses$4,591,620
Net Income$867,622
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 3, 2014
Return Version
2013v3.1
Gross Receipts
$5,459,242
Mission and Program Overview

Mission

As a member owned cooperative, this credit union is dedicated to providing high quality financial services to the members, remaining responsive to member needs and goals, and pursuing the philosophy of "people helping people" within the constraints of sound business practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$59,370,000$63,875,000▲ $4,505,000
Other Notes and Loans Receivable, Net$44,693,025$47,778,939▲ $3,085,914
Rtn Earn Endowment Incm Other Fnds$15,727,128$16,594,750▲ $867,622
Land, Buildings, and Equipment, Net$5,253,017$5,041,672▼ $211,345
Savings and Temporary Cash Investments$2,049,928$1,941,452▼ $108,476
Cash and Non-Interest-Bearing Accounts$1,845,566$1,837,732▼ $7,834
Investments Program Related$973,343$1,041,792▲ $68,449
Prepaid Expenses and Deferred Charges$134,354$220,238▲ $85,884
Total Assets$115,129,764$123,123,841▲ $7,994,077
Other Assets Total$810,531$1,387,016▲ $576,485
Liabilities
Other Liabilities$99,007,932$105,855,105▲ $6,847,173
Accounts Payable and Accrued Expenses$394,704$673,986▲ $279,282
Total Liabilities$99,402,636$106,529,091▲ $7,126,455
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,727,128$16,594,750▲ $867,622
Total Liabilities and Net Assets / Fund Balance$115,129,764$123,123,841▲ $7,994,077

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,253,034$1,515,742$4,768,776
Equipment$512,636$1,250,890$1,763,526
Land$1,186,181-$1,186,181
Leasehold Improvements$89,821$23,986$113,807
Other Securities$63,875,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don AckermanPresidentFT$157,713$31,218$188,931

Board Members and Trustees

NameTitle
Chris GeorgeBoard Member
Julius B MeltonBrd Member
Rick WilsonBrd Member
Robert RigsbyBrd Member
Ron BarberBrd Member
Steve LoshBrd Member
Greg EckChrm of Brd
David RoperTreasurer
Steve WoodallVice Chrm of
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,517,730
Investment Income
$898,301
Other Revenue
$43,211
Change in Net Assets
$867,622

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,459,242
Total Revenue per Audited Statements
$5,459,242
Total Revenue per Form 990
$5,459,242
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,716,334
Salaries, Compensation, and Employee Benefits$1,875,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,199,485
Office Expenses---$1,095,452
Interest---$346,000
Other Employee Benefits---$331,270
Advertising---$232,245
Occupancy---$178,694
Current Officers, Directors, Trustees, and Key Employees---$157,713
All Other Expenses---$135,164
Payroll Taxes---$109,737
Other Expenses---$83,343
Pension Plan Contributions---$77,081
Insurance---$53,082
Fees for Services Accounting---$28,047
Travel---$14,183
Fees for Services Legal---$2,250
Total Functional Expenses$0$0$0$4,591,620

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,591,620
Total Expenses per Audited Statements$4,591,620
Total Expenses per Form 990$4,591,620
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' DEPOSITS$105,855,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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, Page 6, Part VI, Line 7A

The members of the credit union elect the board of directors and supervisory committee members for three year terms.

Form 990, Page 6, Part VI, Line 10B

All branch staff are supervised by a branch manager and branch managers are supervised by a member of senior management. All employees are provided policy and procedure manuals approved by the board of directors.

Form 990, Page 6, Part VI, Line 11B

The return is given to the president, don ackerman for review and after signing the e-file authorization form, it is e-filed with the irs. A copy of the final return is presented to the board at the next monthly meeting.

Form 990, Page 6, Part VI, Line 12C

The policy is reviewed with staff and board members on an annual basis.

Form 990, Page 6, Part VI, Line 15A

The president preformance and compensation review committee is selected from the members of the board. This committee uses cuna compensation survey, other demographic compensation reports and the credit union's past performance to evaluate the appropiate amount of executive compensation. The amount of executive compensation is proposed to the board in a closed door meeting and after a discussion among the board members an amount is approved.

Form 990, Page 6, Part VI, Line 19

Audit and tax returns are available to the public upon request.

Filing and Contact Details

Filer

EIN
44-0538278
Phone
4178865355

Signing Officer

Name
Don Ackerman
Title
President
Phone
4178865355
Signed
2014-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Ackerman
Formed
1940
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
53
Volunteers
9

Preparer

Preparer
Wayne E Hlavacek
Phone
4178822650
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

As a member owned cooperative, this credit union is dedicated to providing high quality financial services to the members, remaining responsive to member needs and goals, and pursuing the philosophy of "people helping people" within the constraints of sound business practices.

Form 990, Page 1, Part I, Line 6

The members of the board and supervisory committee are volunteers. They direct and oversee the operation of the credit union.

Raw XML Appendix381 raw XML fields

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/PYSalariesCompEmpBnftPaidAmt01693764
IRS990/PYTotalExpensesAmt04521631
IRS990/PYTotalRevenueAmt05559619
IRS990/ReconcilationRevenueExpnssAmt0867622
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IRS990/RentalIncomeOrLossGrp/RealAmt043211
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt015727128
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt016594750
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02049928
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01941452
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03253034
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01515742
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04768776
IRS990ScheduleD/EquipmentGrp/BookValueAmt0512636
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01250890
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01763526
IRS990ScheduleD/ExpensesSubtotalAmt04591620
IRS990ScheduleD/LandGrp/BookValueAmt01186181
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01186181
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt089821
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt023986
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0113807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0105855105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt063875000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT IN BANKS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueSubtotalAmt05459242
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05041672
IRS990ScheduleD/TotalBookValueSecuritiesAmt063875000
IRS990ScheduleD/TotalExpensesPerForm990Amt04591620
IRS990ScheduleD/TotalLiabilityAmt0105855105
IRS990ScheduleD/TotalRevenuePerForm990Amt05459242
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05459242
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04591620
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0157713
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt031218
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DON ACKERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0188931
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS A MEMBER OWNED COOPERATIVE, THIS CREDIT UNION IS DEDICATED TO PROVIDING HIGH QUALITY FINANCIAL SERVICES TO THE MEMBERS, REMAINING RESPONSIVE TO MEMBER NEEDS AND GOALS, AND PURSUING THE PHILOSOPHY OF "PEOPLE HELPING PEOPLE" WITHIN THE CONSTRAINTS OF SOUND BUSINESS PRACTICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE BOARD AND SUPERVISORY COMMITTEE ARE VOLUNTEERS. THEY DIRECT AND OVERSEE THE OPERATION OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS FOR THREE YEAR TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BRANCH STAFF ARE SUPERVISED BY A BRANCH MANAGER AND BRANCH MANAGERS ARE SUPERVISED BY A MEMBER OF SENIOR MANAGEMENT. ALL EMPLOYEES ARE PROVIDED POLICY AND PROCEDURE MANUALS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN IS GIVEN TO THE PRESIDENT, DON ACKERMAN FOR REVIEW AND AFTER SIGNING THE E-FILE AUTHORIZATION FORM, IT IS E-FILED WITH THE IRS. A COPY OF THE FINAL RETURN IS PRESENTED TO THE BOARD AT THE NEXT MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE POLICY IS REVIEWED WITH STAFF AND BOARD MEMBERS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PRESIDENT PREFORMANCE AND COMPENSATION REVIEW COMMITTEE IS SELECTED FROM THE MEMBERS OF THE BOARD. THIS COMMITTEE USES CUNA COMPENSATION SURVEY, OTHER DEMOGRAPHIC COMPENSATION REPORTS AND THE CREDIT UNION'S PAST PERFORMANCE TO EVALUATE THE APPROPIATE AMOUNT OF EXECUTIVE COMPENSATION. THE AMOUNT OF EXECUTIVE COMPENSATION IS PROPOSED TO THE BOARD IN A CLOSED DOOR MEETING AND AFTER A DISCUSSION AMONG THE BOARD MEMBERS AN AMOUNT IS APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AUDIT AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0115129764
IRS990/TotalAssetsEOYAmt0123123841
IRS990/TotalAssetsGrp/BOYAmt0115129764
IRS990/TotalAssetsGrp/EOYAmt0123123841
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04591620
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt099402636
IRS990/TotalLiabilitiesEOYAmt0106529091
IRS990/TotalLiabilitiesGrp/BOYAmt099402636
IRS990/TotalLiabilitiesGrp/EOYAmt0106529091
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015727128
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016594750
IRS990/TotalOtherCompensationAmt031218
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02068
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02068
IRS990/TotalProgramServiceRevenueAmt04517730
IRS990/TotalReportableCompFromOrgAmt0157713
IRS990/TotalRevenueGrp/ExclusionAmt0941512
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04517730
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05459242
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0115129764
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0123123841
IRS990/TravelGrp/TotalAmt014183
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102155 E SUNSHINE
IRS990/USAddress/City0SPRINGFIELD
IRS990/USAddress/State0MO
IRS990/USAddress/ZIPCode065804
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.TELCOMMCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON ACKERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04178865355
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10TELCOMM CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0TELC
ReturnHeader/Filer/EIN0440538278
ReturnHeader/Filer/PhoneNum04178865355
ReturnHeader/Filer/USAddress/AddressLine102155 E SUNSHINE
ReturnHeader/Filer/USAddress/City0SPRINGFIELD
ReturnHeader/Filer/USAddress/State0MO
ReturnHeader/Filer/USAddress/ZIPCode065804
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431276553
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HLAVACEK MORRIS MCINTYRE YATES DANIELSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101200 E WOODHURST DR STE S100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0658044214
ReturnHeader/PreparerPersonGrp/PhoneNum04178822650
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WAYNE E HLAVACEK
ReturnHeader/ReturnTs02014-11-06T13:15:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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