Civic Intelligence

Achieving Community Transformation Academy Charter School

990 • Fiscal year 2018 • EIN 45-3505875

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

7301 Germantown AvenuePhiladelhia, PA 19119

(855) 228-6838

Siviq Scores

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

Liabilities / Assets

98th percentile

2.31x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.71x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$55,813

Higher top officer pay than 47% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,169,694

Down $557,289 (-32%) from 2017

Net Assets

Down

-$1,528,436

Down $445,608 (-41%) from 2017

Liabilities

Down

$2,698,130

Down $111,681 (-4.0%) from 2017

Revenue

Down

$1,575,844

Down $449,745 (-22%) from 2017

Expenses

Down

$1,906,522

Down $267,050 (-12%) from 2017

Net Income

Down

-$330,678

Down $182,695 (-123%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2013: $654,728Liabilities 2013: $618,541Net Assets 2013: $36,1872013Assets 2014: $586,001Liabilities 2014: $477,716Net Assets 2014: $108,2852014Assets 2015: $1,296,049Liabilities 2015: $1,893,031Net Assets 2015: -$596,9822015Assets 2016: $780,140Liabilities 2016: $1,459,626Net Assets 2016: -$679,4862016Assets 2017: $1,726,983Liabilities 2017: $2,809,811Net Assets 2017: -$1,082,8282017Assets 2018: $1,169,694Liabilities 2018: $2,698,130Net Assets 2018: -$1,528,4362018Assets 2019: $786,543Liabilities 2019: $2,553,920Net Assets 2019: -$1,767,3772019

Highlighted filing

2018

Assets$1,169,694
Liabilities$2,698,130
Net Assets-$1,528,436

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,331,132Expenses 2013: $1,294,944Net Income 2013: $36,1882013Revenue 2014: $1,770,349Expenses 2014: $1,698,251Net Income 2014: $72,0982014Revenue 2015: $1,887,879Expenses 2015: $1,821,922Net Income 2015: $65,9572015Revenue 2016: $1,924,261Expenses 2016: $2,127,696Net Income 2016: -$203,4352016Revenue 2017: $2,025,589Expenses 2017: $2,173,572Net Income 2017: -$147,9832017Revenue 2018: $1,575,844Expenses 2018: $1,906,522Net Income 2018: -$330,6782018Revenue 2019: $1,493,154Expenses 2019: $1,732,095Net Income 2019: -$238,9412019

Highlighted filing

2018

Revenue$1,575,844
Expenses$1,906,522
Net Income-$330,678
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$1,575,844
Mission and Program Overview

Mission

The mission of the act academy charter school is to prepapre our students both morally and intellectually for their future, cultivating leaders with both intelligence and character-what martin luther king jr. Described as a "true education."

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$104,328$134,850▲ $30,522
Accounts Receivable$266,615$77,666▼ $188,949
Prepaid Expenses and Deferred Charges$31,741$38,531▲ $6,790
Land, Buildings, and Equipment, Net$5,807$4,241▼ $1,566
Total Assets$1,726,983$1,169,694▼ $557,289
Other Assets Total$1,318,492$914,406▼ $404,086
Liabilities
Other Liabilities$2,789,615$2,679,360▼ $110,255
Accounts Payable and Accrued Expenses$20,196$18,770▼ $1,426
Total Liabilities$2,809,811$2,698,130▼ $111,681
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,807$4,241▼ $1,566
Unrestricted Net Assets$-1,088,635$-1,532,677▼ $444,042
Total Net Assets Fund Balance$-1,082,828$-1,528,436▼ $445,608
Total Liabilities and Net Assets / Fund Balance$1,726,983$1,169,694▼ $557,289

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,241$6,413$10,654
Other Assets Org$914,406--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly HarrisCEOFT$42,101$13,712$55,813

Board Members and Trustees

NameTitle
Lisa KaplanBoard Member
Terri RouseBoard Member
Wadell RidleyBoard Member
Yvette JacksonBoard Member
Deana RamseyBoard Presid
Revenue and Support

Revenue Composition

Contributions and Grants
$244,046
Program Service Revenue
$1,329,426
Investment Income
$88
Other Revenue
$2,284
Change in Net Assets
$-330,678

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,575,844
Total Revenue per Audited Statements
$1,575,844
Total Revenue per Form 990
$1,575,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,084,267
Other Expenses$822,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$314,865$149,330-$464,195
Fees for Services Other$71,536$246,314-$317,850
Pension Plan Contributions$256,403$59,147-$315,550
Other Employee Benefits$94,199$40,244-$134,443
Fees for Services Management-$108,208-$108,208
Current Officers, Directors, Trustees, and Key Employees-$104,142-$104,142
Occupancy$77,700$17,350-$95,050
Fees for Services Legal-$75,249-$75,249
Payroll Taxes$44,041$21,896-$65,937
Office Expenses-$52,736-$52,736
Fees for Services Accounting-$33,176-$33,176
Insurance-$25,513-$25,513
Other Expenses$21,554$12,298-$21,554
Travel$7,000$6,205-$13,205
Advertising-$13,159-$13,159
Total Functional Expenses$940,061$966,461$0$1,906,522

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,906,522
Total Expenses per Audited Statements$1,906,522
Total Expenses per Form 990$1,906,522
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
Pension Liability$1,778,000
Deferred Inflows of Resources$702,000
Salaries & Benefits Payable$126,360
Opeb Liability$73,000
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
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, Page 6, Part VI, Line 11B

The ceo and the board of trustees review the 990 prior to filing

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

These discussions would take place during the organizaiton board meetings.

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

Review other schools to make comparable salary decisions.

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

Review other schools to make comparable salary decisions.

Form 990, Page 6, Part VI, Line 18

WWW.OPENRECORDS.PA.GOV

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Achieving Community Transformation
EIN
45-3505875
Phone
8552286838
Address
7301 GERMANTOWN AVENUE, PHILADELHIA, PA 19119

Signing Officer

Name
Kimberly Harris
Title
CEO
Phone
2155354555
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Harris
Formed
2011
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
16

Preparer

Firm
Milligan & Company LLC
Address
105 N 22ND ST FL 2, PHILADELPHIA, PA 19103-1302
Preparer
Mark a Jackson CPA
Phone
2154969100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the act academy charter school is to prepapre our students both morally and intellectually for their future, cultivating leaders with both intelligence and character-what martin luther king jr. Described as a "true education."

Form 990, Part IX, Line 11G

Other fees 71,536 246,314 0

Financial Statement Notes

Schedule D, Page 3, Part X

The school accounts for uncertainty in income taxes in which tax positions initially need to be recognized in the financial statements in a manner that it is more likely than not that the positions will be sustained upon examination by taxing authorities. As of june 30, 2018, the school had no uncertain tax positions that qualified for either recognition or disclosure in the financial statements. Additionally, the school had no interest or penalties related to income taxes. No provision for income taxes has been established, as the school has no unrelated business activity. Should the tax exempt status be challenged in the future, the school's three most recent tax years are open for examination by the irs. The school does not believe it is subject to examinations for periods earlier than 2015.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN WHICH TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IN A MANNER THAT IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2018, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE SCHOOL HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. NO PROVISION FOR INCOME TAXES HAS BEEN ESTABLISHED, AS THE SCHOOL HAS NO UNRELATED BUSINESS ACTIVITY. SHOULD THE TAX EXEMPT STATUS BE CHALLENGED IN THE FUTURE, THE SCHOOL'S THREE MOST RECENT TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. THE SCHOOL DOES NOT BELIEVE IT IS SUBJECT TO EXAMINATIONS FOR PERIODS EARLIER THAN 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04241
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0914406
IRS990ScheduleD/TotalExpensesPerForm990Amt01906522
IRS990ScheduleD/TotalLiabilityAmt02679360
IRS990ScheduleD/TotalRevenuePerForm990Amt01575844
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01575844
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01906522
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PROHIBITED BY CHARTER SCHOOL LAW TO DISCRIMINATE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL RECEIVED FEDERAL GRANTS AND IS REIMBURSED FOR CERTAIN EXPENDITURES BY THE COMMONWEALTH OF PA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE ACT ACADEMY CHARTER SCHOOL IS TO PREPAPRE OUR STUDENTS BOTH MORALLY AND INTELLECTUALLY FOR THEIR FUTURE, CULTIVATING LEADERS WITH BOTH INTELLIGENCE AND CHARACTER-WHAT MARTIN LUTHER KING JR. DESCRIBED AS A "TRUE EDUCATION."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO AND THE BOARD OF TRUSTEES REVIEW THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE DISCUSSIONS WOULD TAKE PLACE DURING THE ORGANIZAITON BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW OTHER SCHOOLS TO MAKE COMPARABLE SALARY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW OTHER SCHOOLS TO MAKE COMPARABLE SALARY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WWW.OPENRECORDS.PA.GOV
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER FEES 71,536 246,314 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04241
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01169694
IRS990/TotalAssetsGrp/BOYAmt01726983
IRS990/TotalAssetsGrp/EOYAmt01169694
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0244046
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0966461
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0940061
IRS990/TotalFunctionalExpensesGrp/TotalAmt01906522
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02809811
IRS990/TotalLiabilitiesEOYAmt02698130
IRS990/TotalLiabilitiesGrp/BOYAmt02809811
IRS990/TotalLiabilitiesGrp/EOYAmt02698130
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1082828
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1528436
IRS990/TotalOtherCompensationAmt013712
IRS990/TotalProgramServiceExpensesAmt0940061
IRS990/TotalProgramServiceRevenueAmt01329426
IRS990/TotalReportableCompFromOrgAmt042101
IRS990/TotalRevenueGrp/ExclusionAmt088
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01331710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01575844
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01726983
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01169694
IRS990/TravelGrp/ManagementAndGeneralAmt06205
IRS990/TravelGrp/ProgramServicesAmt07000
IRS990/TravelGrp/TotalAmt013205
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1088635
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1532677
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07301 GERMANTOWN AVENUE
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019119
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://ACTACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02155354555
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACHIEVING COMMUNITY TRANSFORMATION
ReturnHeader/Filer/BusinessNameControlTxt0ACHI
ReturnHeader/Filer/EIN0453505875
ReturnHeader/Filer/PhoneNum08552286838
ReturnHeader/Filer/USAddress/AddressLine1Txt07301 GERMANTOWN AVENUE
ReturnHeader/Filer/USAddress/CityNm0PHILADELHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019119
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0673A12F66C42192C5177D37C8CFCF686B1F4C3F0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0673A12F66C42192C5177D37C8CFCF686B1F4C3F0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.151.176.149
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:42:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233010968
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILLIGAN & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 N 22ND ST FL 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0191031302
ReturnHeader/PreparerPersonGrp/PhoneNum02154969100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK A JACKSON CPA
ReturnHeader/ReturnTs02019-05-14T12:42:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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