Civic Intelligence

The Marshall Project Inc

990 • Fiscal year 2019 • EIN 46-4353634

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 29, 2020

156 West 56th Street No 701New York, NY 10019

(212) 803-5200

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

12th percentile

0.02x

Higher debt load relative to revenue than 12% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$281,747

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Asset Growth

89th percentile

27%

Faster asset growth than 89% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

111%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$7,435,464

Up $1,560,752 (+27%) from 2018

Net Assets

Up

$7,249,566

Up $1,505,842 (+26%) from 2018

Liabilities

Up

$185,898

Up $54,910 (+42%) from 2018

Revenue

Up

$8,684,091

Up $4,564,466 (+111%) from 2018

Expenses

Up

$7,178,249

Up $4,116,716 (+134%) from 2018

Net Income

Up

$1,505,842

Up $447,750 (+42%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $2,728,362Liabilities 2014: $30,871Net Assets 2014: $2,697,4912014Assets 2015: $3,435,433Liabilities 2015: $125,369Net Assets 2015: $3,310,0642015Assets 2016: $3,469,958Liabilities 2016: $113,449Net Assets 2016: $3,356,5092016Assets 2017: $4,758,220Liabilities 2017: $72,588Net Assets 2017: $4,685,6322017Assets 2018: $5,874,712Liabilities 2018: $130,988Net Assets 2018: $5,743,7242018Assets 2019: $7,435,464Liabilities 2019: $185,898Net Assets 2019: $7,249,5662019Assets 2020: $12,758,308Liabilities 2020: $794,970Net Assets 2020: $11,963,3382020Assets 2021: $14,225,251Liabilities 2021: $32,541Net Assets 2021: $14,192,7102021Assets 2022: $18,747,646Liabilities 2022: $208,828Net Assets 2022: $18,538,8182022Assets 2023: $19,267,720Liabilities 2023: $125,788Net Assets 2023: $19,141,9322023Assets 2024: $26,806,338Liabilities 2024: $280,499Net Assets 2024: $26,525,8392024

Highlighted filing

2019

Assets$7,435,464
Liabilities$185,898
Net Assets$7,249,566

Operations Trend

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

$30M$20M$10M$0Revenue 2014: $5,139,255Expenses 2014: $2,441,764Net Income 2014: $2,697,4912014Revenue 2015: $4,804,989Expenses 2015: $4,192,416Net Income 2015: $612,5732015Revenue 2016: $4,567,140Expenses 2016: $4,520,695Net Income 2016: $46,4452016Revenue 2017: $5,918,015Expenses 2017: $4,588,892Net Income 2017: $1,329,1232017Revenue 2018: $4,119,625Expenses 2018: $3,061,533Net Income 2018: $1,058,0922018Revenue 2019: $8,684,091Expenses 2019: $7,178,249Net Income 2019: $1,505,8422019Revenue 2020: $12,290,756Expenses 2020: $7,576,984Net Income 2020: $4,713,7722020Revenue 2021: $10,911,571Expenses 2021: $8,682,199Net Income 2021: $2,229,3722021Revenue 2022: $15,174,508Expenses 2022: $10,828,400Net Income 2022: $4,346,1082022Revenue 2023: $14,495,664Expenses 2023: $13,892,550Net Income 2023: $603,1142023Revenue 2024: $25,040,953Expenses 2024: $17,657,046Net Income 2024: $7,383,9072024

Highlighted filing

2019

Revenue$8,684,091
Expenses$7,178,249
Net Income$1,505,842
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 29, 2020
Return Version
2018v3.1
Gross Receipts
$8,684,091
Mission and Program Overview

Mission

The marshall project is a nonprofit, nonpartisan news organization covering criminal justice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,377,081$5,229,963▲ $1,852,882
Pledges and Grants Receivable$2,076,019$1,905,396▼ $170,623
Cash and Non-Interest-Bearing Accounts$273,211$127,763▼ $145,448
Land, Buildings, and Equipment, Net$107,995$102,995▼ $5,000
Prepaid Expenses and Deferred Charges$33,806$66,597▲ $32,791
Accounts Receivable$4,500$650▼ $3,850
Total Assets$5,874,712$7,435,464▲ $1,560,752
Other Assets Total$2,100$2,100→ $0
Liabilities
Accounts Payable and Accrued Expenses$85,260$166,300▲ $81,040
Other Liabilities$45,728$19,598▼ $26,130
Total Liabilities$130,988$185,898▲ $54,910
Net Assets / Fund Balance
Unrestricted Net Assets$3,303,530$4,677,877▲ $1,374,347
Temporarily Rstr Net Assets$2,440,194$2,571,689▲ $131,495
Total Net Assets Fund Balance$5,743,724$7,249,566▲ $1,505,842
Total Liabilities and Net Assets / Fund Balance$5,874,712$7,435,464▲ $1,560,752

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,981$166,206$183,187
Equipment$77,019$95,889$172,908
Leasehold Improvements$8,995$35,286$44,281
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carroll BogertPresidentFT$258,721$23,026$281,747
William KellerBoard Member, Editor-in-chiefFT$197,185$57,565$254,750
Geraldine SealeyManaging EditorFT$141,869$43,055$184,924
Kristen DanisManaging EditorFT$153,144$25,149$178,293
Thomas MeagherDeputy Managing DirectorFT$129,743$44,299$174,042
Amanda WilsonDirector of DevelopmentFT$153,673$15,603$169,276
Ruth Sophia BaldwinDirector of CommunicationsFT$120,479$46,323$166,802
Andrew CohenCommentary EditorFT$143,820$4,938$148,758
Gabriel IsmanDirector of TechnologyFT$116,277$23,680$139,957
Elchonon SternSecretary/treasurer, CFOPT$133,024$1,844$134,868

Board Members and Trustees

NameTitle
Neil BarskyChair & Board Member
Anil SoniBoard Member
Ben ReiterBoard Member
Bill SnipesBoard Member
Fred CummingsBoard Member
Jeffrey HalisBoard Member
Jim LeitnerBoard Member
Jonathan MosesBoard Member
Laurie HaysBoard Member
Liz SimonsBoard Member
Nicholas GoldbergBoard Member
Nicole Gordon Through 62019Board Member
Topeka SamBoard Member
William L MccombBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Kartemquin Educational FilmsProduction Services1901 W WELLINGTON AVE, Chicago, IL 60657$218,788
Revenue and Support

Revenue Composition

Contributions and Grants
$8,392,154
Program Service Revenue
$224,790
Investment Income
$59,883
Other Revenue
$7,264
All Other Contributions
$8,392,154
Change in Net Assets
$1,505,842

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$91,131Fair Market Value
Total Noncash Contributions5$91,131-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,684,091
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$57,518
Total Revenue per Audited Statements
$8,741,609
Total Revenue per Form 990
$8,684,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,949,538
Other Expenses$2,228,711
Total Fundraising Expense$441,904
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,620,805$249,981$127,151$2,997,937
Fees for Services Other$896,948$186,315$19,595$1,102,858
Current Officers, Directors, Trustees, and Key Employees$334,995$439,153$174,118$948,266
Other Employee Benefits$479,274$97,092$34,403$610,769
Occupancy$328,481$73,961$32,114$434,556
Payroll Taxes$233,340$52,539$22,812$308,691
Travel$183,332$15,258$3,555$202,145
Pension Plan Contributions$72,942$3,646$7,287$83,875
Insurance$46,956$22,098-$69,054
Office Expenses$41,095$9,253$4,018$54,366
Depreciation Depletion$39,116$8,808$3,824$51,748
Advertising$19,846$15,941$6,151$41,938
Information Technology-$25,298-$25,298
Fees for Services Accounting-$24,909-$24,909
Other Expenses$39,077$16,348$5,026$16,348
Fees for Services Legal-$13,642-$13,642
Total Functional Expenses$5,438,575$1,297,770$441,904$7,178,249

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,235,767
Expenses per Audited Statements$7,178,249
Total Expenses per Form 990$7,178,249
Expenses Not Reported on Form 990$57,518
Expenses Not Reported on Financial Statements$0
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
Deferred Rent$19,598
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, Part VI, Section A, Line 2

Neil barsky, chair and elchonon stern, secretary/treasurer and cfo - business relationship

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

The chief financial officer reviews the 990 together with the chair prior to filing.

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

The board of directors complete an annual disclosure statement as required by the organization's conflict of interest policy. Board members are also required to notify the board of directors when any transactions arise that could involve an actual or possible conflict of interest. The disclosure statements and any disclosures made are reviewed by the treasurer or board chair for compliance to the organization's conflict of interest policy. If any disclosures require further investigation, the treasurer or board chair work with the board of directors to investigate and resolve any such disclosures. Officers, key employees and members of management are interviewed annually for conflict of interest disclosures. These responses are reviewed by the treasurer or board chair for compliance to the organization's conflict of interest policy. If any disclosures require further investigation, the treasurer works with the board chair to investigate and resolve any such disclosures. Any transactions which require review under the organization's conflict of interest policy are considered by the board or directors. Any individual with a conflict, or who is a party to the transaction being considered, may not participate in the deliberation or decision with respect to the transaction. The board of directors reviews and approves whether to enter into the transaction being considered.

Form 990, Part VI, Section B, Line 15

Compensation for officers and the organization's key employee was determined based on a review of forms 990 of other comparable organziations, and a careful consideration of each individual's experience, qualifications, knowledge, and the best interests of the organization. This process was undertaken by a group of independent board members. The terms of each co-president's employment, including compensation, are outlined in a written employment contract, and were approved unanimously by all independent members of the board of directors. The board reviews the performance of the officers and key employees and may, at their discretion, approve changes to compensation.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Marshall Project Inc
EIN
46-4353634
Phone
2128035200
Address
156 WEST 56TH STREET NO 701, NEW YORK, NY 10019
Doing Business As
The Marshall Project Inc

Signing Officer

Name
Elchonon Stern
Title
Secretary/treasurer, CFO
Phone
2128035200
Signed
2020-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Barsky
Formed
2014
Legal Domicile
De
Voting Board Members
14
Independent Board Members
13
Employees
43
Volunteers
14

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Peo service fees: program service expenses 59,978. Management and general expenses 16,803. Fundraising expenses 8,309. Total expenses 85,090. Editorial : program service expenses 150,743. Management and general expenses 0. Fundraising expenses 0. Total expenses 150,743. Photography: program service expenses 51,993. Management and general expenses 630. Fundraising expenses 0. Total expenses 52,623. Commentary: program service expenses 25,764. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,764. Videography: program service expenses 448,930. Management and general expenses 2,500. Fundraising expenses 0. Total expenses 451,430. It consulting : program service expenses 0. Management and general expenses 42,178. Fundraising expenses 0. Total expenses 42,178. Professional development : program service expenses 18,322. Management and general expenses 11,190. Fundraising expenses 497. Total expenses 30,009. Research : program service expenses 30,099. Management and general expenses 0. Fundraising expenses 2,539. Total expenses 32,638. Recruiting: program service expenses 6,837. Management and general expenses 19,050. Fundraising expenses 0. Total expenses 25,887. Consulting: program service expenses 81,782. Management and general expenses 93,964. Fundraising expenses 8,250. Total expenses 183,996. Speakers: program service expenses 4,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,500. Design: program service expenses 18,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,000.

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IRS990/Form990PartVIISectionAGrp/PersonNm4NICOLE GORDON THROUGH 62019
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFFREY HALIS
IRS990/Form990PartVIISectionAGrp/PersonNm6LAURIE HAYS
IRS990/Form990PartVIISectionAGrp/PersonNm7JIM LEITNER
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAM L MCCOMB
IRS990/Form990PartVIISectionAGrp/PersonNm9JONATHAN MOSES
IRS990/Form990PartVIISectionAGrp/PersonNm10BEN REITER
IRS990/Form990PartVIISectionAGrp/PersonNm11TOPEKA SAM
IRS990/Form990PartVIISectionAGrp/PersonNm12LIZ SIMONS
IRS990/Form990PartVIISectionAGrp/PersonNm13BILL SNIPES
IRS990/Form990PartVIISectionAGrp/PersonNm14ANIL SONI
IRS990/Form990PartVIISectionAGrp/PersonNm15CARROLL BOGERT
IRS990/Form990PartVIISectionAGrp/PersonNm16ELCHONON STERN
IRS990/Form990PartVIISectionAGrp/PersonNm17KRISTEN DANIS
IRS990/Form990PartVIISectionAGrp/PersonNm18AMANDA WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm19ANDREW COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm20GERALDINE SEALEY
IRS990/Form990PartVIISectionAGrp/PersonNm21THOMAS MEAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm22RUTH SOPHIA BALDWIN
IRS990/Form990PartVIISectionAGrp/PersonNm23GABRIEL ISMAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15258721
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16133024
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17153144
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18153673
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19143820
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20141869
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21129743
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22120479
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23116277
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR & BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER, EDITOR-IN-CHIEF
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY/TREASURER, CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17MANAGING EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19COMMENTARY EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20MANAGING EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DEPUTY MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF TECHNOLOGY
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IRS990/FormationYr02014
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08684091
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ProgramServicesAmt046956
IRS990/InsuranceGrp/TotalAmt069054
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IRS990/IRPDocumentCnt060
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0107995
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MARSHALL PROJECT IS A NONPROFIT, NONPARTISAN NEWS ORGANIZATION COVERING CRIMINAL JUSTICE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt07249566
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt091131
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt032114
IRS990/OccupancyGrp/ManagementAndGeneralAmt073961
IRS990/OccupancyGrp/ProgramServicesAmt0328481
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IRS990/OfficeExpensesGrp/FundraisingAmt04018
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02100
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IRS990/OtherExpensesGrp/Desc2EVENTS
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IRS990/OtherExpensesGrp/FundraisingAmt15026
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01505842
IRS990/RegularMonitoringEnfrcInd01

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