Civic Intelligence

Caroline D Bradley Association of Scholars

990 • Fiscal year 2017 • EIN 47-4625250

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

569 South Marengo AvenuePasadena, CA 91101

(626) 403-8900

Siviq Scores

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

Liabilities / Assets

78th percentile

0.56x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.14x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

80th percentile

$219,342

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Assets

Up

$1,379,967

Up $1,379,967 from 2016

Net Assets

Up

$609,967

Up $609,967 from 2016

Liabilities

Up

$770,000

Up $770,000 from 2016

Revenue

Up

$5,391,905

Up $5,391,905 from 2016

Expenses

Up

$4,781,938

Up $4,781,938 from 2016

Net Income

Up

$609,967

Up $609,967 from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $1,379,967Liabilities 2017: $770,000Net Assets 2017: $609,9672017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $1,086,876Liabilities 2019: $128,392Net Assets 2019: $958,4842019Assets 2020: $2,213,250Liabilities 2020: $59,744Net Assets 2020: $2,153,5062020Assets 2021: $2,777,144Liabilities 2021: $55,155Net Assets 2021: $2,721,9892021Assets 2022: $3,040,517Liabilities 2022: $34,999Net Assets 2022: $3,005,5182022Assets 2023: $3,778,810Liabilities 2023: $435,449Net Assets 2023: $3,343,3612023Assets 2024: $3,794,301Liabilities 2024: $8,128Net Assets 2024: $3,786,1732024

Highlighted filing

2017

Assets$1,379,967
Liabilities$770,000
Net Assets$609,967

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $5,391,905Expenses 2017: $4,781,938Net Income 2017: $609,9672017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $5,734,743Expenses 2019: $5,707,634Net Income 2019: $27,1092019Revenue 2020: $6,711,239Expenses 2020: $5,516,217Net Income 2020: $1,195,0222020Revenue 2021: $6,020,518Expenses 2021: $5,452,035Net Income 2021: $568,4832021Revenue 2022: $6,227,218Expenses 2022: $5,943,689Net Income 2022: $283,5292022Revenue 2023: $6,543,983Expenses 2023: $6,206,140Net Income 2023: $337,8432023Revenue 2024: $6,699,071Expenses 2024: $6,256,259Net Income 2024: $442,8122024

Highlighted filing

2017

Revenue$5,391,905
Expenses$4,781,938
Net Income$609,967
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$5,391,905
Mission and Program Overview

Mission

Cdbas mission is to support the institute for educational advancement(iea,) which is dedicated to the intellectual, creative, and personalgrowth of our nation's gifted and high-potential youth. Central to themission of iea is a commitment to the development of the whole child through engaging learning experiences that promote optimal challenge, mentorship, exploration of ideas, and recognition of personal potential.

Dedicated to supporting young individuals in pursuing their full academic and personal potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,296,922-
Rtn Earn Endowment Incm Other Fnds$0$609,967▲ $609,967
Prepaid Expenses and Deferred Charges-$83,045-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$1,379,967▲ $1,379,967
Liabilities
Accounts Payable and Accrued Expenses-$770,000-
Total Liabilities$0$770,000▲ $770,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$609,967▲ $609,967
Total Liabilities and Net Assets / Fund Balance$0$1,379,967▲ $1,379,967
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Z Rose IbanezSecretaryFT$94,102$94,102

Board Members and Trustees

NameTitle
Elizabeth D JonesPresident
Chris NewmanDirector
Dan GogginsDirector
Hap DeneenDirector
James R DelisleDirector
Jeffrey HudsonDirector
Jonathan ShintakuDirector
Seth FreemanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,390,000
Program Service Revenue
$0
Investment Income
$1,905
Other Revenue
$0
All Other Contributions
$5,390,000
Change in Net Assets
$609,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,808,510
Other Expenses$973,428
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,808,510--$3,808,510
Fees for Services Other$970,000--$970,000
Travel$1,847--$1,847
Insurance$1,350--$1,350
Office Expenses$200--$200
Conferences and Meetings$31--$31
Total Functional Expenses$4,781,938$0$0$4,781,938
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990, part iii, line 4a, program service accomplishments: engaging educational experiences that promote optimal challenge, mentorship, exploration of ideas, and recognition of personal potential. Iea seeks to connect like-minded individuals and supports a diverse community that creates a sense of belonging and affirmation. Cdbas will operate the caroline d. Bradley scholarship program which is currently operated by iea. Its purpose is to augment the academic provisions for highly able youth during their high school years. It is a nationwide, merit-based initiative implemented to support exceptionally gifted young people in want of a challenging but flexible learning environment to assist them in working towards their full potential in high school. The scholarship program will be based on the premise that the nation's most gifted young people will flourish in a nurturing, rigorous, and flexible learning environment suited to their individual needs and goals. The mission of the scholarship program is to identify exceptionally gifted middle school students who exhibit advanced intellectual talent and have the ability to demonstrate granted a scholarship to a high school program where they can actualize their unique individual potential. Form 990, part vi, section a, line 1: no committee of the board, including any executive committee, shall have any of the authority of the board with respect to: (a) the filling of vacancies on the board or on any committee which has the authority of the board; (b) the amendment or repeal of the articles or bylaws or the adoption of new articles or bylaws; (c) the fixing of compensation of the directors for serving on the board or on any committee which has the authority of the board; (d) the amendment or repeal of any resolution of the board which by its express terms is not so amendable or repeatable; (e) the appointment of other committees of the board or the members thereof if such committee will have the authority of the board; (f) the expenditure of corporate funds to support a nominee for director after there are more people nominated for director than can be elected; (g) the approval of any self-dealing transaction, except that when it is not reasonably practicable to obtain approval of the board prior to entering into such a transaction, a committee authorized by the board may approve the transaction in a manner consistent with the standards set forth in section 5233(d) of the law subject to ratification by a majority of the directors then in office (without counting the vote of any "interested director" as defined in section 5233 of the law) at the next meeting of the board; or (h) the approval of any other action for which the law or these bylaws requires approval of the board or of a majority of the board. Academic and personal excellence. These exceptional students are form 990, part vi, section b, line 11b: form 990 was reviewed and approved by the audit committee of iea, consisting of three board members, before filing. The organization emailed each member of the governing body the organization's final form 990 prior to its filing with the irs. Form 990, part vi, section b, line 12c: the caroline d. Bradley association of scholars (the "association") expects all persons associated with it to conduct business on behalf of the association with integrity and a high ethical standard. In particular, the association's directors, officers and employees should attempt to avoid activities or conduct which involve a conflict of interest, recognizing that even the appearance of a conflict of interest could harm the association. Any activity should be able to be justified and withstand public scrutiny, and care should be taken to avoid adversely affecting the integrity or the reputation of the association. In considering whether a conflict of interest exists, directors, officers and employees should remember that relationships of their business, business associates, family and friends may g

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

The organization's board of directors has a conflict of interest policy to ensure that board actions are free from any actual or appearance of conflict of interest. The board chair shall determine whether an actual conflict of interest exists. A director who is involved in a potential conflict of interest is not allowed to vote on any matters related to the conflict of interest.

Form 990, Part VI, Section B, line 15

The compensation committee, a subset of the IEA Board of Directors, has general oversight of the organization's human resource plan. The committee meets independent of the President to discuss performance relative to the position description and the established goals. Comparable salary surveys are reviewed at a minimum of every three years to benchmark compensation for the position. The committee presents its findings and recommendations, in an executive session, without the President present, to the board for review and approval. The committee and/or the board chair then meet with the President to discuss and document strengths, weaknesses, and goals for the upcoming year.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy, Form 990 and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Caroline D Bradley Association
EIN
47-4625250
Phone
6264038900
Address
569 SOUTH MARENGO AVENUE, PASADENA, CA 91101

Signing Officer

Name
Elizabeth D Jones
Title
President
Phone
6264038900
Signed
2018-11-08

Organization Details

Principal Officer
Elizabeth D Jones
Formed
2015
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 N LAKE AVE SUITE 900, PASADENA, CA 91101
Preparer
David Robydek
Phone
6267933600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Contracts (Paid to IEA): Program service expenses 970,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 970,000.

Form 990, Part XII, Line 2C:

The process has not changed from prior year.

Raw XML AppendixShowing 400 of 416 raw XML fields

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/Desc0THE CAROLINE D. BRADLEY ASSOCIATION OF SCHOLARS ("CDBAS") IS ACALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION THAT IS ORGANIZED TOBENEFIT AND SUPPORT THE INSTITUTE FOR EDUCATIONAL ADVANCEMENT ("IEA"),A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION THAT IS EXEMPT FROMTAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ANDCLASSIFIED AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) OF THE INTERNALREVENUE CODE (EIN: 95-4695698). CDBAS IS ORGANIZED AND INTENDS TOOPERATE AS A TYPE I SUPPORTING ORGANIZATION OF IEA.IEA IS DEDICATED TO THE INTELLECTUAL, CREATIVE, AND PERSONAL GROWTH OFOUR NATION'S GIFTED AND HIGH-POTENTIAL YOUTH. CENTRAL TO THE MISSIONOF IEA IS A COMMITMENT TO THE DEVELOPMENT OF THE WHOLE CHILD THROUGH ENGAGING LEARNING EXPERIENCES THAT PROMOTE OPTIMAL CHALLENGE, MENTORSHIP, EXPLORATION OF IDEAS, AND RECOGNITION OF PERSONAL POTENTIAL. IEA SEEKS TO CONNECT LIKE-MINDED INDIVIDUALS AND SUPPORTS A DIVERSE COMMUNITY THAT CREATES A SENSE OF BELONGING AND AFFIRMATION.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Institute for Educational Advancement
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART I, LINE 12
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Elizabeth D Jones
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: ENGAGING EDUCATIONAL EXPERIENCES THAT PROMOTE OPTIMAL CHALLENGE, MENTORSHIP, EXPLORATION OF IDEAS, AND RECOGNITION OF PERSONAL POTENTIAL. IEA SEEKS TO CONNECT LIKE-MINDED INDIVIDUALS AND SUPPORTS A DIVERSE COMMUNITY THAT CREATES A SENSE OF BELONGING AND AFFIRMATION. CDBAS WILL OPERATE THE CAROLINE D. BRADLEY SCHOLARSHIP PROGRAM WHICH IS CURRENTLY OPERATED BY IEA. ITS PURPOSE IS TO AUGMENT THE ACADEMIC PROVISIONS FOR HIGHLY ABLE YOUTH DURING THEIR HIGH SCHOOL YEARS. IT IS A NATIONWIDE, MERIT-BASED INITIATIVE IMPLEMENTED TO SUPPORT EXCEPTIONALLY GIFTED YOUNG PEOPLE IN WANT OF A CHALLENGING BUT FLEXIBLE LEARNING ENVIRONMENT TO ASSIST THEM IN WORKING TOWARDS THEIR FULL POTENTIAL IN HIGH SCHOOL. THE SCHOLARSHIP PROGRAM WILL BE BASED ON THE PREMISE THAT THE NATION'S MOST GIFTED YOUNG PEOPLE WILL FLOURISH IN A NURTURING, RIGOROUS, AND FLEXIBLE LEARNING ENVIRONMENT SUITED TO THEIR INDIVIDUAL NEEDS AND GOALS. THE MISSION OF THE SCHOLARSHIP PROGRAM IS TO IDENTIFY EXCEPTIONALLY GIFTED MIDDLE SCHOOL STUDENTS WHO EXHIBIT ADVANCED INTELLECTUAL TALENT AND HAVE THE ABILITY TO DEMONSTRATE GRANTED A SCHOLARSHIP TO A HIGH SCHOOL PROGRAM WHERE THEY CAN ACTUALIZE THEIR UNIQUE INDIVIDUAL POTENTIAL. FORM 990, PART VI, SECTION A, LINE 1: NO COMMITTEE OF THE BOARD, INCLUDING ANY EXECUTIVE COMMITTEE, SHALL HAVE ANY OF THE AUTHORITY OF THE BOARD WITH RESPECT TO: (A) THE FILLING OF VACANCIES ON THE BOARD OR ON ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; (B) THE AMENDMENT OR REPEAL OF THE ARTICLES OR BYLAWS OR THE ADOPTION OF NEW ARTICLES OR BYLAWS; (C) THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; (D) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEATABLE; (E) THE APPOINTMENT OF OTHER COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF IF SUCH COMMITTEE WILL HAVE THE AUTHORITY OF THE BOARD; (F) THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR DIRECTOR AFTER THERE ARE MORE PEOPLE NOMINATED FOR DIRECTOR THAN CAN BE ELECTED; (G) THE APPROVAL OF ANY SELF-DEALING TRANSACTION, EXCEPT THAT WHEN IT IS NOT REASONABLY PRACTICABLE TO OBTAIN APPROVAL OF THE BOARD PRIOR TO ENTERING INTO SUCH A TRANSACTION, A COMMITTEE AUTHORIZED BY THE BOARD MAY APPROVE THE TRANSACTION IN A MANNER CONSISTENT WITH THE STANDARDS SET FORTH IN SECTION 5233(D) OF THE LAW SUBJECT TO RATIFICATION BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE (WITHOUT COUNTING THE VOTE OF ANY "INTERESTED DIRECTOR" AS DEFINED IN SECTION 5233 OF THE LAW) AT THE NEXT MEETING OF THE BOARD; OR (H) THE APPROVAL OF ANY OTHER ACTION FOR WHICH THE LAW OR THESE BYLAWS REQUIRES APPROVAL OF THE BOARD OR OF A MAJORITY OF THE BOARD. ACADEMIC AND PERSONAL EXCELLENCE. THESE EXCEPTIONAL STUDENTS ARE FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF IEA, CONSISTING OF THREE BOARD MEMBERS, BEFORE FILING. THE ORGANIZATION EMAILED EACH MEMBER OF THE GOVERNING BODY THE ORGANIZATION'S FINAL FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: THE CAROLINE D. BRADLEY ASSOCIATION OF SCHOLARS (THE "ASSOCIATION") EXPECTS ALL PERSONS ASSOCIATED WITH IT TO CONDUCT BUSINESS ON BEHALF OF THE ASSOCIATION WITH INTEGRITY AND A HIGH ETHICAL STANDARD. IN PARTICULAR, THE ASSOCIATION'S DIRECTORS, OFFICERS AND EMPLOYEES SHOULD ATTEMPT TO AVOID ACTIVITIES OR CONDUCT WHICH INVOLVE A CONFLICT OF INTEREST, RECOGNIZING THAT EVEN THE APPEARANCE OF A CONFLICT OF INTEREST COULD HARM THE ASSOCIATION. ANY ACTIVITY SHOULD BE ABLE TO BE JUSTIFIED AND WITHSTAND PUBLIC SCRUTINY, AND CARE SHOULD BE TAKEN TO AVOID ADVERSELY AFFECTING THE INTEGRITY OR THE REPUTATION OF THE ASSOCIATION. IN CONSIDERING WHETHER A CONFLICT OF INTEREST EXISTS, DIRECTORS, OFFICERS AND EMPLOYEES SHOULD REMEMBER THAT RELATIONSHIPS OF THEIR BUSINESS, BUSINESS ASSOCIATES, FAMILY AND FRIENDS MAY G
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's board of directors has a conflict of interest policy to ensure that board actions are free from any actual or appearance of conflict of interest. The board chair shall determine whether an actual conflict of interest exists. A director who is involved in a potential conflict of interest is not allowed to vote on any matters related to the conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The compensation committee, a subset of the IEA Board of Directors, has general oversight of the organization's human resource plan. The committee meets independent of the President to discuss performance relative to the position description and the established goals. Comparable salary surveys are reviewed at a minimum of every three years to benchmark compensation for the position. The committee presents its findings and recommendations, in an executive session, without the President present, to the board for review and approval. The committee and/or the board chair then meet with the President to discuss and document strengths, weaknesses, and goals for the upcoming year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing documents, conflict of interest policy, Form 990 and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Contracts (Paid to IEA): Program service expenses 970,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 970,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Institute For Educational Advancement
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INSTITUTE FOR EDUCATIONAL ADVANCEMENT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CDBAS is a supporting entity for Institute for Educational Advancement
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ESTIMATED FAIR VALUE OF THE SERVI
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IRS990/WebsiteAddressTxt0www.educationaladvancement.org/
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH D JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06264038900
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAROLINE D BRADLEY ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF SCHOLARS
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