Civic Intelligence

Richmond Region Tourism Foundation

EIN 51-0466631 • 501(c)3 • Richmond, VA

Profile

Charitable and educational activities of richmond metropolitan convention visitor's bureau.

401 North 3rd StreetRichmond, VA 23219

www.visitrichmondva.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.06x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

51st percentile

2.1%

Higher net margin than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

99th percentile

$264,400

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 181.7% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

35th percentile

-15%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

33rd percentile

-21%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$276,801

Down $49,210 (-15%) from 2024

Liabilities

Down

$17,989

Down $52,272 (-74%) from 2024

Net Assets

Up

$258,812

Up $3,062 (+1.2%) from 2024

Revenue

Down

$145,491

Down $38,835 (-21%) from 2024

Expenses

Up

$142,429

Up $63,472 (+80%) from 2024

Net Income

Down

$3,062

Down $102,307 (-97%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2012: $14,155Liabilities 2012: $0Net Assets 2012: $14,1552012Assets 2013: $16,971Liabilities 2013: $0Net Assets 2013: $16,9712013Assets 2014: $18,659Liabilities 2014: $449Net Assets 2014: $18,2102014Assets 2015: $35,618Liabilities 2015: $0Net Assets 2015: $35,6182015Assets 2016: $45,068Liabilities 2016: $4,436Net Assets 2016: $40,6322016Assets 2017: $59,785Liabilities 2017: $7,015Net Assets 2017: $52,7702017Assets 2018: $83,636Liabilities 2018: $10,205Net Assets 2018: $73,4312018Assets 2019: $79,768Liabilities 2019: $5,561Net Assets 2019: $74,2072019Assets 2020: $114,339Liabilities 2020: $15,059Net Assets 2020: $99,2802020Assets 2021: $127,374Liabilities 2021: $81,911Net Assets 2021: $45,4632021Assets 2022: $119,550Liabilities 2022: $27,226Net Assets 2022: $92,3242022Assets 2023: $182,170Liabilities 2023: $31,788Net Assets 2023: $150,3822023Assets 2024: $326,011Liabilities 2024: $70,261Net Assets 2024: $255,7502024Assets 2025: $276,801Liabilities 2025: $17,989Net Assets 2025: $258,8122025

Highlighted filing

2025

Assets$276,801
Liabilities$17,989
Net Assets$258,812

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KExpenses 2012: $3,0062012Expenses 2013: $3,4402013Revenue 2014: $6,628Expenses 2014: $5,389Net Income 2014: $1,2392014Revenue 2015: $51,104Expenses 2015: $33,696Net Income 2015: $17,4082015Revenue 2016: $31,568Expenses 2016: $26,554Net Income 2016: $5,0142016Revenue 2017: $34,200Expenses 2017: $22,062Net Income 2017: $12,1382017Revenue 2018: $67,225Expenses 2018: $46,564Net Income 2018: $20,6612018Revenue 2019: $56,691Expenses 2019: $55,915Net Income 2019: $7762019Revenue 2020: $62,990Expenses 2020: $37,917Net Income 2020: $25,0732020Revenue 2021: $56,111Expenses 2021: $109,928Net Income 2021: -$53,8172021Revenue 2022: $138,061Expenses 2022: $91,200Net Income 2022: $46,8612022Revenue 2023: $144,614Expenses 2023: $86,556Net Income 2023: $58,0582023Revenue 2024: $184,326Expenses 2024: $78,957Net Income 2024: $105,3692024Revenue 2025: $145,491Expenses 2025: $142,429Net Income 2025: $3,0622025

Highlighted filing

2025

Revenue$145,491
Expenses$142,429
Net Income$3,062

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.77$0.18$2.59$1.45$1.42$0.03
2024Detailed filing. Detailed filing data is available for this year.$3.26$0.70$2.56$1.84$0.79$1.05
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.32$1.50$1.45$0.87$0.58
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.27$0.92$1.38$0.91$0.47
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.82$0.45$0.56$1.10$0.54
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.15$0.99$0.63$0.38$0.25
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.06$0.74$0.57$0.56$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.10$0.73$0.67$0.47$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.07$0.53$0.34$0.22$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.04$0.41$0.32$0.27$0.05
2015Summary only. Only limited summary data is available for this year.$0.36$0.00$0.36$0.51$0.34$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.18$0.07$0.05$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 22, 2025
Return Version
2024v5.0
Gross Receipts
$371,754
Mission and Program Overview

Mission

Charitable and educational activities of richmond metropolitan convention visitors bureau.

Charitable and educational activities of richmond metropolitan convention & visitor's bureau.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$277,035$265,443▼ $11,592
Prepaid Expenses and Deferred Charges$15,850$9,288▼ $6,562
Accounts Receivable$33,126$2,070▼ $31,056
Total Assets$326,011$276,801▼ $49,210
Liabilities
Accounts Payable and Accrued Expenses$11,811$10,506▼ $1,305
Deferred Revenue$58,450$7,483▼ $50,967
Total Liabilities$70,261$17,989▼ $52,272
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$171,843$163,303▼ $8,540
Net Assets With Donor Restrictions$83,907$95,509▲ $11,602
Total Net Assets Fund Balance$255,750$258,812▲ $3,062
Total Liabilities and Net Assets / Fund Balance$326,011$276,801▼ $49,210
Compensation and Service Providers

Employees

NameTitleOtherTotal
KATHERINE O'DONNELLPresident/ce$264,400$264,400

Board Members and Trustees

NameTitle
Lisa SimsChair
Daniel SchmittPast Chairma
KATHERINE O'DONNELLPresident/CEO
Nancy ThomasDirector
Dr Mark Miller1st Vice CHA
Ellen Robertson2nd Vice CHA
Neil AminSecretary
Susan P DibbleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$316,423
Program Service Revenue
$0
Investment Income
$3,066
Other Revenue
$-173,998
All Other Contributions
$140,273
Change in Net Assets
$3,062

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table3$61,900
Total Noncash Contributions3$61,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,429
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,514$5,508-$2,514
Grants to Domestic Individuals$2,000--$2,000
All Other Expenses$1,464--$1,464
Total Functional Expenses$136,921$5,508$0$142,429
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$226,263
Fundraising Gross Income$52,255
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sports Awards$141,980$27,525$79,705$-52,180
Annual Meeting$61,425$24,730$43,066$-18,336
Total Events$203,405$52,255$226,263$-174,008
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
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
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, Page 6, Part VI, Line 11B

The organization provides copies of the 990 to the governing body upon request.

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

The organization annually has board members fill out a survey regarding potential conflict of interest areas. Requests for proposals are required for services.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by providing copies on request.

Filing and Contact Details

Filer

Filer Name
Richmond Region Tourism Foundation
EIN
51-0466631
Phone
8047822777
Address
401 NORTH 3RD STREET, RICHMOND, VA 23219

Signing Officer

Name
KATHERINE O'DONNELL
Title
President/CEO
Phone
8047837413
Signed
2025-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
KATHERINE O'DONNELL
Formed
2003
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
Brian W Minor CPA
Phone
8045600560
Supplemental Narrative

Additional Explanations

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

The three core programs and services for the richmond region tourism foundation include education, diversity, equity, and inclusion dei, and sports. Educational activities include i am tourism, a free ambassador training designed to enhance the visitor experience by educating both the richmond region hospitality community and local constituents, as well as workforce development programs and a scholarship program for students entering a tourism related profession. Dei efforts include supporting the ongoing efforts of out rva, which promotes lgbtq tourism, and blk rva, which promotes african american tourism and black-owned hospitality businesses. The sports pillar includes the prestigious rva sports awards show that raises dollars for rrt foundation's sports grant program, designed to help local organizations create or expand local tournaments or events in the region.

Financial Statement Notes

Schedule D, Page 3, Part X

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under that guidance, the bureau may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the bureau and various positions related to the potential sources of unrelated business taxable income (ubti). The bureau has recognized no uncertain tax positions for the year ended june 30, 2025.

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IRS990/PYTotalExpensesAmt078957
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0265443
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION RECEIVES OVER 95 OF ITS REVENUES FROM GOVERNMENTAL ORGANIZATIONS THEREBY SATISFYING THE PUBLIC SUPPORT TEST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTING ORGANIZATION CONTROLS ALL CHARITABLE AND EDUCATIONAL ACTIVITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RICHMOND METROPOLITAN CONVENTION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0& VISITORS BUREAU
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt025000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE BUREAU MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE BUREAU AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE BUREAU HAS RECOGNIZED NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2025.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0114455
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt036695
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPORTS AWARDS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL MEETING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt045023
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt013148
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt058171
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0141980
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt024730
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt052255
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-174008
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0122771
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt079705
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHERINE O'DONNELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE THREE CORE PROGRAMS AND SERVICES FOR THE RICHMOND REGION TOURISM FOUNDATION INCLUDE EDUCATION, DIVERSITY, EQUITY, AND INCLUSION DEI, AND SPORTS. EDUCATIONAL ACTIVITIES INCLUDE I AM TOURISM, A FREE AMBASSADOR TRAINING DESIGNED TO ENHANCE THE VISITOR EXPERIENCE BY EDUCATING BOTH THE RICHMOND REGION HOSPITALITY COMMUNITY AND LOCAL CONSTITUENTS, AS WELL AS WORKFORCE DEVELOPMENT PROGRAMS AND A SCHOLARSHIP PROGRAM FOR STUDENTS ENTERING A TOURISM RELATED PROFESSION. DEI EFFORTS INCLUDE SUPPORTING THE ONGOING EFFORTS OF OUT RVA, WHICH PROMOTES LGBTQ TOURISM, AND BLK RVA, WHICH PROMOTES AFRICAN AMERICAN TOURISM AND BLACK-OWNED HOSPITALITY BUSINESSES. THE SPORTS PILLAR INCLUDES THE PRESTIGIOUS RVA SPORTS AWARDS SHOW THAT RAISES DOLLARS FOR RRT FOUNDATION'S SPORTS GRANT PROGRAM, DESIGNED TO HELP LOCAL ORGANIZATIONS CREATE OR EXPAND LOCAL TOURNAMENTS OR EVENTS IN THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES COPIES OF THE 990 TO THE GOVERNING BODY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ANNUALLY HAS BOARD MEMBERS FILL OUT A SURVEY REGARDING POTENTIAL CONFLICT OF INTEREST AREAS. REQUESTS FOR PROPOSALS ARE REQUIRED FOR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RICHMOND METROPOLITAN CONVENTION &
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0VISITORS BUREAU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0401 NORTH 3RD STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RICHMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023219
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt025000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL CASH VALUE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0142429
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IRS990/TotalLiabilitiesBOYAmt070261
IRS990/TotalLiabilitiesEOYAmt017989
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0255750
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