Civic Intelligence

Fern Leaf Community Charter School

990 • Fiscal year 2018 • EIN 47-1184515

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 04, 2018

PO Box 2203Fletcher, NC 28732

(828) 398-9268

Siviq Scores

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

Liabilities / Assets

79th percentile

0.60x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.09x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$76,135

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-4.9%

Faster asset growth than 23% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

32%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,416,750

Down $177,174 (-4.9%) from 2017

Net Assets

Up

$1,353,380

Up $271,168 (+25%) from 2017

Liabilities

Down

$2,063,370

Down $448,342 (-18%) from 2017

Revenue

Up

$1,885,236

Up $452,421 (+32%) from 2017

Expenses

Up

$1,614,068

Up $478,945 (+42%) from 2017

Net Income

Down

$271,168

Down $26,524 (-8.9%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2016: $2,603,090Liabilities 2016: $1,818,570Net Assets 2016: $784,5202016Assets 2017: $3,593,924Liabilities 2017: $2,511,712Net Assets 2017: $1,082,2122017Assets 2018: $3,416,750Liabilities 2018: $2,063,370Net Assets 2018: $1,353,3802018Assets 2019: $4,072,321Liabilities 2019: $2,357,130Net Assets 2019: $1,715,1912019Assets 2020: $5,844,305Liabilities 2020: $3,931,249Net Assets 2020: $1,913,0562020Assets 2021: $6,164,170Liabilities 2021: $3,508,327Net Assets 2021: $2,655,8432021Assets 2022: $8,329,153Liabilities 2022: $5,221,959Net Assets 2022: $3,107,1942022Assets 2023: $18,104,215Liabilities 2023: $15,024,991Net Assets 2023: $3,079,2242023Assets 2024: $23,960,601Liabilities 2024: $20,897,767Net Assets 2024: $3,062,8342024

Highlighted filing

2018

Assets$3,416,750
Liabilities$2,063,370
Net Assets$1,353,380

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $921,900Expenses 2016: $137,380Net Income 2016: $784,5202016Revenue 2017: $1,432,815Expenses 2017: $1,135,123Net Income 2017: $297,6922017Revenue 2018: $1,885,236Expenses 2018: $1,614,068Net Income 2018: $271,1682018Revenue 2019: $2,543,091Expenses 2019: $2,181,280Net Income 2019: $361,8112019Revenue 2020: $2,979,563Expenses 2020: $2,693,877Net Income 2020: $285,6862020Revenue 2021: $3,946,425Expenses 2021: $3,203,638Net Income 2021: $742,7872021Revenue 2022: $4,968,896Expenses 2022: $4,517,545Net Income 2022: $451,3512022Revenue 2023: $5,924,274Expenses 2023: $5,952,244Net Income 2023: -$27,9702023Revenue 2024: $7,893,648Expenses 2024: $7,910,038Net Income 2024: -$16,3902024

Highlighted filing

2018

Revenue$1,885,236
Expenses$1,614,068
Net Income$271,168
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 4, 2018
Return Version
2017v2.3
Gross Receipts
$1,912,236
Mission and Program Overview

Mission

To foster a rich learning environment that embodies the essence of community, understanding, and the human spirit. Grounded in humble respect for our surroundings, the individual, and the world as a whole, we seek to engage the unique passions and aptitudes of our school community so that in addition to achieving academic fluency, students become thoughtful, compassionate, and engaged.

Operation of a charter school grades k-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,293,680$3,233,258▼ $60,422
Rtn Earn Endowment Incm Other Fnds$1,082,212$1,353,380▲ $271,168
Cash and Non-Interest-Bearing Accounts$261,547$146,683▼ $114,864
Accounts Receivable$30,957$27,796▼ $3,161
Loans From Officers Directors$33,135$21,423▼ $11,712
Prepaid Expenses and Deferred Charges$7,740$9,013▲ $1,273
Total Assets$3,593,924$3,416,750▼ $177,174
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,414,796$1,974,296▼ $440,500
Other Liabilities$40,139$38,768▼ $1,371
Accounts Payable and Accrued Expenses$13,642$28,883▲ $15,241
Unsecured Notes Loans Payable$10,000--
Total Liabilities$2,511,712$2,063,370▼ $448,342
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,082,212$1,353,380▲ $271,168
Total Liabilities and Net Assets / Fund Balance$3,593,924$3,416,750▼ $177,174

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,487,648$135,182$1,622,830
Land$999,747-$999,747
Leasehold Improvements$642,451$101,296$743,747
Other Land Buildings$69,877-$69,877
Equipment$33,535$8,875$42,410
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael LuplowSchool DirecFT$62,174$13,961$76,135

Board Members and Trustees

NameTitle
Scott McdonaldChairman
Beth HockmanVice Chair
Becky BoisvertBoard Member
Eric GabrynowiczBoard Member
Erik WeberBoard Member
JENNIFER LOVE THRU JULY '17Board Member
PATRICK DONAHUE THRU OCT '17Board Member
Sheena IsaacsBoard Member
William Deaver IiiBoard Member
Adrianne GordonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,809,634
Program Service Revenue
$50,813
Investment Income
$456
Other Revenue
$24,333
All Other Contributions
$62,006
Change in Net Assets
$271,168

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,885,236
Total Revenue per Audited Statements
$1,885,236
Total Revenue per Form 990
$1,885,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,057,244
Other Expenses$556,824
Total Fundraising Expense$9,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$650,066$96,993-$747,059
Depreciation Depletion$136,700--$136,700
Fees for Services Other$97,037$29,644-$126,681
Interest-$113,600-$113,600
Other Employee Benefits$96,896$7,069-$103,965
Office Expenses$84,481$8,360$9,815$102,656
Pension Plan Contributions$61,442$13,313-$74,755
Current Officers, Directors, Trustees, and Key Employees-$73,068-$73,068
Payroll Taxes$48,075$10,322-$58,397
Occupancy$23,700--$23,700
Information Technology$15,660$3,950-$19,610
Insurance-$12,929-$12,929
Fees for Services Accounting-$9,868-$9,868
Fees for Services Management-$7,373-$7,373
Fees for Services Legal-$3,600-$3,600
Advertising-$107-$107
Total Functional Expenses$1,214,057$390,196$9,815$1,614,068

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,614,068
Total Expenses per Audited Statements$1,614,068
Total Expenses per Form 990$1,614,068
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$33,135$21,423▼ $11,712
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$38,768
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

The organization has adopted a document retention and destruction policy as of the filing of this return.

Form 990, Page 6, Part VI, Line 1A

An executive committee was formed that includes three members of the board of directors that do not have children attending the school. The committee reports all actions taken at the next board meeting.

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

The return was prepared by an independent accountant with assistance and oversight by the chair of the board. Upon completion and review, the return was provided to each voting board member prior to its submission to the irs.

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

The organization's conflict of interest policy is written into the organization's bylaws, provides definitions of interested persons and financial interests, and includes procedures to avoid conflicts by introducing a duty to disclose and instructions on determining when a conflict may exist. Parties with potential conflicts may present information to the governing body in regards to an issue, but are required by the bylaws to leave meetings during discussions and voting on such transactions relating to the conflict.

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

Per the organization's bylaws, a voting member or officer of the governing body who receives compensation directly or indirectly from the organization for services is precluded from voting on matters pertaining to that member's compensation. The board or a duly constituted compensation committee of the board complies with requirements and procedures set out in the organization's bylaws in determining compensation for the school director and other employees, contractors, etc. The board (or committee) is required to obtain comparability data prior to approving compensation. Appropriate data include compensation levels paid by similarly situated organizations, surveys compiled by independent firms, and actual written offers from similar institutions competing for the services of the person who is the subject of the compensation arrangement.

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

See response to line 15a above.

Form 990, Page 6, Part VI, Line 19

The organization's financial statements, conflict of interest policy, and governing documents are available upon request at the organization's administrative office.

Filing and Contact Details

Filer

Filer Name
Fern Leaf Community Charter School
EIN
47-1184515
Phone
8283989268
Address
PO BOX 2203, FLETCHER, NC 28732

Signing Officer

Name
Scott Mcdonald
Title
Chairman
Phone
8283989268
Signed
2018-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Luplow
Formed
2013
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
8
Employees
40
Volunteers
200

Preparer

Firm
Carter P C
Address
16 BILTMORE AVE SUITE 200, ASHEVILLE, NC 28001-3617
Preparer
Rufus W Dollar
Phone
8282599900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To foster a rich learning environment that embodies the essence of community, understanding, and the human spirit. Grounded in humble respect for our surroundings, the individual, and the world as a whole, we seek to engage the unique passions and aptitudes of our school community so that in addition to achieving academic fluency, students become thoughtful, compassionate, and engaged.

Form 990, Page 2, Part III, Line 4A

Fernleaf has been very successful establishing its niche amongst a relatively strong competitive set of district and charter schools in the area. The personal connections with students, parents, teachers and the greater community has been instrumental in building a sense of fernleaf community and is most noticeably demonstrated by strong attendance at school functions and substantial waitlists for year two without any marketing. Students have had highly impactful and memorable experiences such as linville caverns, fish hatchery at pisgah, asheville glass and hickory nut gap farm to name a few, with minimal financial burden to parents or the school. The staff at linville caverns commented, "fernleaf has some of the best behaved kids we have seen," which is testament to the power of experiential learning.

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IRS990/Desc0FERNLEAF IS A UNIQUE EXPERIENTIAL PLACE OF LEARNING FOR KIDS THAT HAS RESONATED WITH THE GREATER COMMUNITY. FIRST YEAR CHARTER SCHOOLS ON AVERAGE ATTAIN 76% OF AUTHORIZED ATTENDANCE WHILE FERNLEAF HAS ACHIEVED NEARLY 99%. ADDITIONALLY, 98% OF CURRENT STUDENTS REPORT THAT THEY INTEND TO RETURN TO FERNLEAF NEXT YEAR WHICH IS EFFECTIVELY NO ATTRITION. BASED ON PARENT SURVEYS, 96% AGREE THAT THEY WOULD RECOMMEND FERNLEAF TO OTHER PARENTS. SEE CONTINUATION ON SCHEDULE O. FERNLEAF HAS BEEN VERY SUCCESSFUL ESTABLISHING ITS NICHE AMONGST A RELATIVELY STRONG COMPETITIVE SET OF DISTRICT AND CHARTER SCHOOLS IN THE AREA. THE PERSONAL CONNECTIONS WITH STUDENTS, PARENTS, TEACHERS AND THE GREATER COMMUNITY HAS BEEN INSTRUMENTAL IN BUILDING A SENSE OF FERNLEAF COMMUNITY AND IS MOST NOTICEABLY DEMONSTRATED BY STRONG ATTENDANCE AT SCHOOL FUNCTIONS AND SUBSTANTIAL WAITLISTS FOR YEAR TWO WITHOUT ANY MARKETING. STUDENTS HAVE HAD HIGHLY IMPACTFUL AND MEMORABLE EXPERIENCES SUCH AS LINVILLE CAVERNS, FISH HATCHERY AT PISGAH, ASHEVILLE GLASS AND HICKORY NUT GAP FARM TO NAME A FEW, WITH MINIMAL FINANCIAL BURDEN TO PARENTS OR THE SCHOOL. THE STAFF AT LINVILLE CAVERNS COMMENTED, "FERNLEAF HAS SOME OF THE BEST BEHAVED KIDS WE HAVE SEEN," WHICH IS TESTAMENT TO THE POWER OF EXPERIENTIAL LEARNING.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TEST ON SCHEDULE A, PART II IS COMPLETED FOR THE ORGANIZATION SOLELY TO QUALIFY FOR THE SPECIAL RULE FOR REPORTING CONTRIBUTIONS ON 990 SCHEDULE B.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS NOT SUBJECT TO THE SPECIFIC PUBLISHING REQUIREMENTS OF REV. PROC. 75-50 AS LONG AS IT OPERATES UNDER A CONTRACT WITH A LOCAL GOVERNMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CAPITAL PURCHASES
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt042846
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MICHAEL LUPLOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PART II - LOANS FROM OFFICERS REPORTED ON PART II ARE SUPPORTED WITH WRITTEN AGREEMENTS AND APPROVED BY THE GOVERNING BODY. LOAN FROM MICHAEL LUPLOW BEARS 5% ANNUAL INTEREST AND IS DUE IN ANNUAL INSTALLMENTS OF 10,712. THE NOTE MATURES ON MARCH 15, 2020.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt021423
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FOSTER A RICH LEARNING ENVIRONMENT THAT EMBODIES THE ESSENCE OF COMMUNITY, UNDERSTANDING, AND THE HUMAN SPIRIT. GROUNDED IN HUMBLE RESPECT FOR OUR SURROUNDINGS, THE INDIVIDUAL, AND THE WORLD AS A WHOLE, WE SEEK TO ENGAGE THE UNIQUE PASSIONS AND APTITUDES OF OUR SCHOOL COMMUNITY SO THAT IN ADDITION TO ACHIEVING ACADEMIC FLUENCY, STUDENTS BECOME THOUGHTFUL, COMPASSIONATE, AND ENGAGED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FERNLEAF HAS BEEN VERY SUCCESSFUL ESTABLISHING ITS NICHE AMONGST A RELATIVELY STRONG COMPETITIVE SET OF DISTRICT AND CHARTER SCHOOLS IN THE AREA. THE PERSONAL CONNECTIONS WITH STUDENTS, PARENTS, TEACHERS AND THE GREATER COMMUNITY HAS BEEN INSTRUMENTAL IN BUILDING A SENSE OF FERNLEAF COMMUNITY AND IS MOST NOTICEABLY DEMONSTRATED BY STRONG ATTENDANCE AT SCHOOL FUNCTIONS AND SUBSTANTIAL WAITLISTS FOR YEAR TWO WITHOUT ANY MARKETING. STUDENTS HAVE HAD HIGHLY IMPACTFUL AND MEMORABLE EXPERIENCES SUCH AS LINVILLE CAVERNS, FISH HATCHERY AT PISGAH, ASHEVILLE GLASS AND HICKORY NUT GAP FARM TO NAME A FEW, WITH MINIMAL FINANCIAL BURDEN TO PARENTS OR THE SCHOOL. THE STAFF AT LINVILLE CAVERNS COMMENTED, "FERNLEAF HAS SOME OF THE BEST BEHAVED KIDS WE HAVE SEEN," WHICH IS TESTAMENT TO THE POWER OF EXPERIENTIAL LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ADOPTED A DOCUMENT RETENTION AND DESTRUCTION POLICY AS OF THE FILING OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN EXECUTIVE COMMITTEE WAS FORMED THAT INCLUDES THREE MEMBERS OF THE BOARD OF DIRECTORS THAT DO NOT HAVE CHILDREN ATTENDING THE SCHOOL. THE COMMITTEE REPORTS ALL ACTIONS TAKEN AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY THE CHAIR OF THE BOARD. UPON COMPLETION AND REVIEW, THE RETURN WAS PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO ITS SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS WRITTEN INTO THE ORGANIZATION'S BYLAWS, PROVIDES DEFINITIONS OF INTERESTED PERSONS AND FINANCIAL INTERESTS, AND INCLUDES PROCEDURES TO AVOID CONFLICTS BY INTRODUCING A DUTY TO DISCLOSE AND INSTRUCTIONS ON DETERMINING WHEN A CONFLICT MAY EXIST. PARTIES WITH POTENTIAL CONFLICTS MAY PRESENT INFORMATION TO THE GOVERNING BODY IN REGARDS TO AN ISSUE, BUT ARE REQUIRED BY THE BYLAWS TO LEAVE MEETINGS DURING DISCUSSIONS AND VOTING ON SUCH TRANSACTIONS RELATING TO THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PER THE ORGANIZATION'S BYLAWS, A VOTING MEMBER OR OFFICER OF THE GOVERNING BODY WHO RECEIVES COMPENSATION DIRECTLY OR INDIRECTLY FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. THE BOARD OR A DULY CONSTITUTED COMPENSATION COMMITTEE OF THE BOARD COMPLIES WITH REQUIREMENTS AND PROCEDURES SET OUT IN THE ORGANIZATION'S BYLAWS IN DETERMINING COMPENSATION FOR THE SCHOOL DIRECTOR AND OTHER EMPLOYEES, CONTRACTORS, ETC. THE BOARD (OR COMMITTEE) IS REQUIRED TO OBTAIN COMPARABILITY DATA PRIOR TO APPROVING COMPENSATION. APPROPRIATE DATA INCLUDE COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, SURVEYS COMPILED BY INDEPENDENT FIRMS, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PERSON WHO IS THE SUBJECT OF THE COMPENSATION ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SEE RESPONSE TO LINE 15A ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 1A
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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