Civic Intelligence

Starfall Education Foundation

990 • Fiscal year 2023 • EIN 46-4463460

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 16, 2024

4900 Nautilus CT NBoulder, CO 80301

(303) 284-1309

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.10x

Higher debt load relative to revenue than 28% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

27th percentile

-4.5%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$206,359

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

39th percentile

2.8%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-10%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$23,868,379

Up $651,409 (+2.8%) from 2022

Net Assets

Up

$23,194,741

Up $730,276 (+3.3%) from 2022

Liabilities

Down

$673,638

Down $78,867 (-10%) from 2022

Revenue

Down

$6,957,004

Down $810,934 (-10%) from 2022

Expenses

Up

$7,270,919

Up $476,357 (+7.0%) from 2022

Net Income

Down

-$313,915

Down $1,287,291 (-132%) from 2022

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2015: $468Liabilities 2015: $4,082Net Assets 2015: -$3,6142015Assets 2016: $27,320,713Liabilities 2016: $401,224Net Assets 2016: $26,919,4892016Assets 2017: $29,634,596Liabilities 2017: $650,536Net Assets 2017: $28,984,0602017Assets 2018: $22,690,449Liabilities 2018: $442,071Net Assets 2018: $22,248,3782018Assets 2019: $22,835,463Liabilities 2019: $513,737Net Assets 2019: $22,321,7262019Assets 2020: $23,360,929Liabilities 2020: $522,181Net Assets 2020: $22,838,7482020Assets 2021: $24,846,105Liabilities 2021: $718,062Net Assets 2021: $24,128,0432021Assets 2022: $23,216,970Liabilities 2022: $752,505Net Assets 2022: $22,464,4652022Assets 2023: $23,868,379Liabilities 2023: $673,638Net Assets 2023: $23,194,7412023Assets 2024: $25,730,375Liabilities 2024: $835,887Net Assets 2024: $24,894,4882024

Highlighted filing

2023

Assets$23,868,379
Liabilities$673,638
Net Assets$23,194,741

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2015: $2,500Expenses 2015: $10,571Net Income 2015: -$8,0712015Revenue 2016: $30,675,763Expenses 2016: $3,752,661Net Income 2016: $26,923,1022016Revenue 2017: $7,040,470Expenses 2017: $4,941,978Net Income 2017: $2,098,4922017Revenue 2018: $6,786,476Expenses 2018: $7,931,041Net Income 2018: -$1,144,5652018Revenue 2019: $6,466,144Expenses 2019: $6,397,020Net Income 2019: $69,1242019Revenue 2020: $7,522,820Expenses 2020: $7,162,050Net Income 2020: $360,7702020Revenue 2021: $6,793,474Expenses 2021: $6,584,263Net Income 2021: $209,2112021Revenue 2022: $7,767,938Expenses 2022: $6,794,562Net Income 2022: $973,3762022Revenue 2023: $6,957,004Expenses 2023: $7,270,919Net Income 2023: -$313,9152023Revenue 2024: $7,128,304Expenses 2024: $6,886,218Net Income 2024: $242,0862024

Highlighted filing

2023

Revenue$6,957,004
Expenses$7,270,919
Net Income-$313,915
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 16, 2024
Return Version
2022v5.0
Gross Receipts
$8,149,303
Mission and Program Overview

Mission

To provide free and low-cost innovative academic educational resources whereby children have fun learning through exploration, gain self-confidence, and develop an understanding and compassion for diversity and the environment.

To provide free and low-cost innovative academic educational resources whereby ... See schedule o children have fun learning through exploration, gain self-confidence, and develop an understanding and compassion for diversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,194,805$11,358,317▲ $2,163,512
Land, Buildings, and Equipment, Net$7,001,814$7,129,854▲ $128,040
Intangible Assets$4,647,862$2,477,806▼ $2,170,056
Savings and Temporary Cash Investments$613,416$1,257,732▲ $644,316
Inventories for Sale or Use$715,225$726,322▲ $11,097
Cash and Non-Interest-Bearing Accounts$587,738$435,095▼ $152,643
Accounts Receivable$301,508$374,023▲ $72,515
Prepaid Expenses and Deferred Charges$83,409$101,195▲ $17,786
Total Assets$23,216,970$23,868,379▲ $651,409
Other Assets Total$71,193$8,035▼ $63,158
Liabilities
Accounts Payable and Accrued Expenses$651,914$576,259▼ $75,655
Deferred Revenue$100,591$97,379▼ $3,212
Total Liabilities$752,505$673,638▼ $78,867
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,464,465$23,194,741▲ $730,276
Total Net Assets Fund Balance$22,464,465$23,194,741▲ $730,276
Total Liabilities and Net Assets / Fund Balance$23,216,970$23,868,379▲ $651,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,449,098$352,196$5,801,294
Land$1,177,955-$1,177,955
Equipment$208,441$855,909$1,064,350
Leasehold Improvements$294,360$15,363$309,723
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roger WilsonPresidentFT$175,441$30,918$206,359
Gina MorganDirectorFT$135,019$19,522$154,541
Helen ParkerSr DirectorFT$132,953$19,356$152,309
Deanna BergetAssociate Exec DirectorFT$129,667$19,148$148,815
Steven SchulzDirector Advanced Learning GamesFT$118,270$25,324$143,594
Arthur MorganSr Software EngineerFT$113,758$18,241$131,999

Board Members and Trustees

NameTitle
Stephen Schutz PhdChairman, CEO, Founder
Gina NoceraBoard Member
Greg HarfstBoard Member
Joel CitronBoard Member
Jordanna SchutzBoard Member
Myrna EstesBoard Member
Diana TempleAssistant Treasurer
Jay Grodin JdSecretary
Paul KnutsonTreasurer, Assistant Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Sps Studios INCFulfillment/hr6450 GUNPARK DRIVE, Boulder, CO 80301$213,518
Davenport Group INCServer Equipment104 BELFAST STREET, Lewisburg, TN 37091$172,930
Frederic PrintingPrintingPO BOX 932721, Cleveland, OH 44193$168,470
UpworkContract Labor2625 AUGUSTINE DRIVE 601, Santa Clara, CA 95054$137,662
FedexShippingPO BOX 94515, Palatine, IL 60094$115,086
Revenue and Support

Revenue Composition

Contributions and Grants
$1,991,299
Program Service Revenue
$4,469,012
Investment Income
$255,462
Other Revenue
$241,231
Change in Net Assets
$-313,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,580,219
Salaries, Compensation, and Employee Benefits$3,530,925
Grants and Similar Amounts Paid$159,775
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,468,883$139,859-$2,608,742
Depreciation Depletion$2,233,225$5,469-$2,238,694
Other Employee Benefits$360,947--$360,947
Fees for Services Other$181,361$85,257-$266,618
Current Officers, Directors, Trustees, and Key Employees$66,152$154,355-$220,507
Payroll Taxes$148,336$44,551-$192,887
Information Technology$174,519--$174,519
Grants to Domestic Orgs$159,775--$159,775
Pension Plan Contributions$143,446$4,396-$147,842
Occupancy$114,068$5,203-$119,271
Fees for Services Accounting-$93,516-$93,516
Insurance-$66,966-$66,966
Fees for Service Investment Mgmnt Fees-$30,438-$30,438
Other Expenses$14,008$17,611-$14,008
Fees for Services Legal-$13,818-$13,818
Travel$5,837$7,844-$13,681
Advertising$13,425--$13,425
All Other Expenses$7,996$5,090-$13,086
Office Expenses$12,967--$12,967
Total Functional Expenses$6,592,188$678,731$0$7,270,919
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
RewildAustin, TX501(c)(3)Designate Protected Area in Ecuador and Mange Conservation Areas in Peru$83,775
Mile High United WayDenver, CO501(c)(3)Support of Education, Health and Financial Stability in the Community$50,000
Natura International IncWashington, DC501(c)(3)Protect Wetlands Area in Santiago De Estero Province, Central Argentina$25,000
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Part VSee Part VNo$213,518
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 35% controlled entity
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Business relationships stephen schutz, jordanna schutz, jay grodin, paul knutson, and diana temple are employed at sps studios.

Form 990, Part VI, Section A, Line 2

Family relationships stephen schutz and jordanna schutz have a family relationship

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

Form 990 review process the form 990 is prepared by an independent accounting firm and then reviewed by the organization's management team. The final draft of the form is provided to the board of directors for their review prior to filing.

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

Conflict of interest policy monitoring & enforcement a conflict of interest certification and disclosure form are sent to the board of directors and officers annually. The certifications and disclosure forms are reviewed by the board of directors to ensure they are compliant with the policy. If a conflict of interest is identified, the person having the conflict of interest shall not participate or attend any discussion relating to such interest. Violation of the conflict of interest policy may constitute cause for removal or termination of a director or officer.

Form 990, Part VI, Section B, Line 15A

Compensation review the organization takes into consideration a compensation report prepared by the university of denver to determine the compensation for the organization's president. The board of directors review the report and approves the compensation.

Form 990, Part VI, Section C, Line 18

The organization will provide the form 1023 and form 990 upon written request.

Form 990, Part VI, Section C, Line 19

Governing documents the organization will provide its governing documents upon written request.

Filing and Contact Details

Filer

Filer Name
Starfall Education Foundation
EIN
46-4463460
Phone
3032841309
Address
4900 NAUTILUS CT N, BOULDER, CO 80301

Signing Officer

Name
Stephen Schutz
Title
Chairman
Phone
8584568500
Signed
2024-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Schutz
Formed
2014
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
4
Employees
31
Volunteers
5

Preparer

Firm
Grant Thornton Llp
Address
75 STATE ST 13TH FLOOR, BOSTON, MA 02109
Preparer
Erin Couture
Phone
6177237900
Supplemental Narrative

Additional Explanations

FORM 990, PART III - PROGRAM SERVICE, LINE 4A:

The foundation, through its website starfall.com, offers free and low-cost interactive experiences whereby children can successfully learn through exploration. It continues the tradition of its predecessor, a social enterprise founded in 2002, as a place where children have fun learning to read. Currently, it includes the core subjects of language arts and mathematics for pre-k, kindergarten, and elementary school grade levels. It teaches through positive reinforcement to help children become confident and intrinsically motivated. The foundation produces and distributes the following educational services and materials for students, parents, teachers and schools: interactive games, videos, movies, e-books, audio books, educational songs, downloadable books, lesson plans, classroom curricula, printed books, practice books, electronic media and teaching tools. These are primarily distributed through the starfall.com website. Many of starfall's digital activities are also available on mobile apps. Starfall offers low-cost membership which expands its free content to include additional games, e-books, movies and songs. Benefits of annual membership include preferred and unlimited access to starfall.com from tablet, mobile phone or computer during a one year membership period. The foundation also maintains a free website at pumerosa.com to help spanish language speakers learn english.

FORM 990, PART XII, LINE 2C:

The foundation's two standing committees consisting of two members each did not exercise their authority to act on behalf. Instead, all committee business was discussed and voted on by the entire six member board and recorded in its minutes.

Financial Statement Notes

PART X, LINE 2:

The foundation follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The foundation has also been recognized by the california franchise tax board as exempt from california franchise and income taxes under section 23701d of the california revenue and taxation code. The foundation also has tax-exempt status in colorado. The foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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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/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1019522
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1119356
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1218241
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1325324
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1419148
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHEN SCHUTZ PHD
IRS990/Form990PartVIISectionAGrp/PersonNm1JOEL CITRON
IRS990/Form990PartVIISectionAGrp/PersonNm2MYRNA ESTES
IRS990/Form990PartVIISectionAGrp/PersonNm3GREG HARFST
IRS990/Form990PartVIISectionAGrp/PersonNm4GINA NOCERA
IRS990/Form990PartVIISectionAGrp/PersonNm5JORDANNA SCHUTZ
IRS990/Form990PartVIISectionAGrp/PersonNm6ROGER WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm7PAUL KNUTSON
IRS990/Form990PartVIISectionAGrp/PersonNm8JAY GRODIN JD
IRS990/Form990PartVIISectionAGrp/PersonNm9DIANA TEMPLE
IRS990/Form990PartVIISectionAGrp/PersonNm10GINA MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm11HELEN PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm12ARTHUR MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm13STEVEN SCHULZ
IRS990/Form990PartVIISectionAGrp/PersonNm14DEANNA BERGET
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10135019
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12113758
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN, CEO, FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER, ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SR DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SR SOFTWARE ENGINEER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIR ADVANCED LEARNING GAMES
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASSOCIATE EXEC DIRECTOR
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IRS990/Form990TFiledInd01
IRS990/FormationYr02014
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
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IRS990/GrantAmt0159775
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0159775
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0377000
IRS990/GrossReceiptsAmt08149303
IRS990/GrossRentsGrp/RealAmt0427581
IRS990/GrossSalesOfInventoryAmt0629403
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/IntangibleAssetsGrp/BOYAmt04647862
IRS990/IntangibleAssetsGrp/EOYAmt02477806
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0715225
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0726322
IRS990/InvestmentIncomeGrp/ExclusionAmt0255008
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IRS990/MissionDesc0TO PROVIDE FREE AND LOW-COST INNOVATIVE ACADEMIC EDUCATIONAL RESOURCES WHEREBY CHILDREN HAVE FUN LEARNING THROUGH EXPLORATION, GAIN SELF-CONFIDENCE, AND DEVELOP AN UNDERSTANDING AND COMPASSION FOR DIVERSITY AND THE ENVIRONMENT.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OtherExpensesGrp/Desc0BANK AND MERCHANT FEES
IRS990/OtherExpensesGrp/Desc1TAXES, LICENSES & FEES
IRS990/OtherExpensesGrp/Desc2COMMISSIONS & LEASES
IRS990/OtherExpensesGrp/Desc3EXECUTIVE SEARCH & RELA
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IRS990/OtherExpensesGrp/TotalAmt314008
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07767938
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RentalIncomeOrLossGrp/RealAmt0106087
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IRS990/ReportLandBuildingEquipmentInd01
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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02596647
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03555244
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04920498

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