Civic Intelligence

Ann K Kirby Foundation

990 • Fiscal year 2015 • EIN 47-2639018

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 10, 2016

7501 Boulder View Drive No 110Richmond, VA 23225-4047

(804) 330-7400

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Assets

$471,943

No earlier filing loaded for comparison.

Net Assets

$471,943

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$806,407

No earlier filing loaded for comparison.

Expenses

$308,690

No earlier filing loaded for comparison.

Net Income

$497,717

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.

$60M$40M$20M$0Assets 2015: $471,943Liabilities 2015: $0Net Assets 2015: $471,9432015Assets 2016: $19,016,259Liabilities 2016: $0Net Assets 2016: $19,016,2592016Assets 2017: $38,376,053Liabilities 2017: $1,842,358Net Assets 2017: $36,533,6952017Assets 2018: $34,605,815Liabilities 2018: $976,749Net Assets 2018: $33,629,0662018Assets 2019: $40,742,515Liabilities 2019: $748,537Net Assets 2019: $39,993,9782019Assets 2020: $45,146,099Liabilities 2020: $52,468Net Assets 2020: $45,093,6312020Assets 2021: $49,508,052Liabilities 2021: $250,000Net Assets 2021: $49,258,0522021Assets 2022: $41,299,276Liabilities 2022: $1,589,921Net Assets 2022: $39,709,3552022Assets 2023: $46,527,693Liabilities 2023: $886,232Net Assets 2023: $45,641,4612023Assets 2024: $51,020,847Liabilities 2024: $578,829Net Assets 2024: $50,442,0182024

Highlighted filing

2015

Assets$471,943
Liabilities$0
Net Assets$471,943

Operations Trend

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

$20M$10M$0-$10MRevenue 2015: $806,407Expenses 2015: $308,690Net Income 2015: $497,7172015Revenue 2016: $18,792,412Expenses 2016: $263,475Net Income 2016: $18,528,9372016Revenue 2017: $18,316,780Expenses 2017: $2,852,326Net Income 2017: $15,464,4542017Revenue 2018: $755,661Expenses 2018: $966,043Net Income 2018: -$210,3822018Revenue 2019: $891,766Expenses 2019: $1,015,460Net Income 2019: -$123,6942019Revenue 2020: $1,944,146Expenses 2020: $650,827Net Income 2020: $1,293,3192020Revenue 2021: $4,374,112Expenses 2021: $2,701,124Net Income 2021: $1,672,9882021Revenue 2022: $1,479,020Expenses 2022: $2,966,131Net Income 2022: -$1,487,1112022Revenue 2023: $737,037Expenses 2023: $1,263,232Net Income 2023: -$526,1952023Revenue 2024: $1,180,419Expenses 2024: $946,784Net Income 2024: $233,6352024

Highlighted filing

2015

Revenue$806,407
Expenses$308,690
Net Income$497,717
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 10, 2016
Return Version
2015v2.1
Gross Receipts
$806,407
Mission and Program Overview

Mission

The ann k. Kirby foundation supports a wide range of charitable purposes including health, education, environmental causes, fine and performing arts, historic preservation and faith-based ministries in communities where there are strong family ties, including richmond.

The ann k. Kirby foundation supports a wide range of charitable purposes including health, education, environmental causes, fine and performing arts, historical preservation and faith-based ministries in communities where there are strong family ties, including richmond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$460,857-
Cash and Non-Interest-Bearing Accounts-$11,086-
Total Assets$0$471,943▲ $471,943
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$471,943-
Total Net Assets Fund Balance$0$471,943▲ $471,943
Total Liabilities and Net Assets / Fund Balance$0$471,943▲ $471,943
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$785,000
Program Service Revenue
$0
Investment Income
$21,407
Other Revenue
$0
All Other Contributions
$35,000
Change in Net Assets
$497,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$262,164
Other Expenses$46,526
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$262,164--$262,164
Fees for Services Legal-$41,670-$41,670
Fees for Service Investment Mgmnt Fees-$4,776-$4,776
Other Expenses-$25-$25
Total Functional Expenses$262,164$46,526$0$308,690
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marian Sutherland Kirby LibraryMountain Top, PA501(c)(3)LIBRARY'S GENERAL ENDOWMENT$250,000
The Community Foundation Serving Richmond & Central VaRichmond, VA501(c)(3)The Darcy S. Oman Endowment Fund, Unrestricted Support$12,164
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
-Partner of Guilford Company Is Board Member of Kirby FoundationMangagement Fees PaidNo$4,776
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

The number of directors of the ann k. Kirby foundation is set at seven (7) directors. The foundation has three (3) directors who are designated as the kirby family directors. The three family directors are descendants of ann k. Kirby.

Form 990, Part VI, Section B, Line 11

A draft of the form 990 and applicable schedules is provided to each member of the kirby foundation board of directors for review before it is filed with the internal revenue service. This draft is also reviewed by the community foundation's chief financial officer and the president and chief executive officer.

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

Officers and direcrtors of the kirby foundation complete and sign a conflict of interest policy annually.

Form 990, Part VI, Section C, Line 19

The kirby foundation participates in the consolidated audit of the community foundation and the statements are available to the public on the foundation's website.

Part VI, Section A, Line 7B

The kirby foundation is a type 1 suppporting organization of the community foundation serving richmond and central virgina (tcf). Tcf appoints a majority of the kirby foundation's board . Tcf's board votes on all family recommended grants.

PART VII, SECTION A:

Michelle a. Nelson, chief financial officer of the community foundation, inc. Is the secretary of the kirby foundation and records the minutes of the board meetings. The position is a nonvoting member of the governing board.

Filing and Contact Details

Filer

Filer Name
Ann K Kirby Foundation
EIN
47-2639018
Phone
8043307400
Address
7501 BOULDER VIEW DRIVE NO 110, RICHMOND, VA 23225-4047

Signing Officer

Name
Michelle a Nelson
Title
Secretary
Phone
8043307400
Signed
2016-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherrie Brach Armstrong
Formed
2014
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Keiterstephenshurstgary & Shreavespc
Address
PO BOX 32066, RICHMOND, VA 23294-2066
Preparer
Virginia R Belcher
Phone
8047470000
Supplemental Narrative

Additional Explanations

Part IV, Section B, Line 15

The kirby foundation has no employees or other compensated officers.

PART XII, LINE 2C:

The chairman and treasurer of the kirby foundation are invited to participate in the audit committee meetings of the the community foundation, inc.

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the effect of guidance surrounding uncertain income tax positions and concluded that the foundation has no significant financial statement exposure to uncertain income tax positions. The foundation is not currently under audit by any tax jurisdiction.

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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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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0NONE
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1NONE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF THE KIRBY FOUNDATION WORKS CLOSELY WITH TCF STAFF TO CONSIDER POTENTIAL GRANTEES. TCF STAFF COLLECTS AND REVIEWS DUE DILIGENCE DOCUMENTATION ON PROSPECTIVE GRANTEES AND SHARES INFORMATION WITH THE BOARD OF THE KIRBY FOUNDATION. TCF STAFF MEMBERS FOLLOW UP WITH GRANTEES TO RECEIVE PROGRESS REPORTS AND SHARE FOLLOW-UP INFORMATION WITH THE BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0GUILFORD COMPANY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PARTNER OF GUILFORD COMPANY IS BOARD MEMBER OF KIRBY FOUNDATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04776
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANGAGEMENT FEES PAID
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF DIRECTORS OF THE ANN K. KIRBY FOUNDATION IS SET AT SEVEN (7) DIRECTORS. THE FOUNDATION HAS THREE (3) DIRECTORS WHO ARE DESIGNATED AS THE KIRBY FAMILY DIRECTORS. THE THREE FAMILY DIRECTORS ARE DESCENDANTS OF ANN K. KIRBY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 AND APPLICABLE SCHEDULES IS PROVIDED TO EACH MEMBER OF THE KIRBY FOUNDATION BOARD OF DIRECTORS FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THIS DRAFT IS ALSO REVIEWED BY THE COMMUNITY FOUNDATION'S CHIEF FINANCIAL OFFICER AND THE PRESIDENT AND CHIEF EXECUTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECRTORS OF THE KIRBY FOUNDATION COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE KIRBY FOUNDATION PARTICIPATES IN THE CONSOLIDATED AUDIT OF THE COMMUNITY FOUNDATION AND THE STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE KIRBY FOUNDATION HAS NO EMPLOYEES OR OTHER COMPENSATED OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE KIRBY FOUNDATION IS A TYPE 1 SUPPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION SERVING RICHMOND AND CENTRAL VIRGINA (TCF). TCF APPOINTS A MAJORITY OF THE KIRBY FOUNDATION'S BOARD . TCF'S BOARD VOTES ON ALL FAMILY RECOMMENDED GRANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MICHELLE A. NELSON, CHIEF FINANCIAL OFFICER OF THE COMMUNITY FOUNDATION, INC. IS THE SECRETARY OF THE KIRBY FOUNDATION AND RECORDS THE MINUTES OF THE BOARD MEETINGS. THE POSITION IS A NONVOTING MEMBER OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CHAIRMAN AND TREASURER OF THE KIRBY FOUNDATION ARE INVITED TO PARTICIPATE IN THE AUDIT COMMITTEE MEETINGS OF THE THE COMMUNITY FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART IV, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237009135
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GRANTMAKING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0COMMUNITY TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07501 BOULDERS VIEW DRIVE SUITE 110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RICHMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023225
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt012164
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0UNRESTRICTED SUP & DSO ENDOW. FD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0471943
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0471943
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0785000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046526
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0262164
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308690
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0471943
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0262164
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt021407
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0806407
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0471943
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0471943
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07501 BOULDER VIEW DRIVE NO 110
IRS990/USAddress/CityNm0RICHMOND
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd0232254047
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TCFRICHMOND.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELLE A NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08043307400
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ANN K KIRBY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ANNK
ReturnHeader/Filer/EIN0472639018
ReturnHeader/Filer/PhoneNum08043307400
ReturnHeader/Filer/USAddress/AddressLine1Txt07501 BOULDER VIEW DRIVE NO 110
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0232254047
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541631262
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEITERSTEPHENSHURSTGARY & SHREAVESPC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 32066
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0232942066
ReturnHeader/PreparerPersonGrp/PhoneNum08047470000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VIRGINIA R BELCHER
ReturnHeader/ReturnTs02016-08-11T11:21:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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