Civic Intelligence

Edgar Tufts Memorial Association Inc

990 • Fiscal year 2015 • EIN 56-0708071

Oct 01, 2014 to Sep 30, 2015 • Filed on Mar 29, 2016

PO Box 1Barium Springs, NC 28010

(704) 872-4157

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

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

Liabilities / Revenue

33rd percentile

0.01x

Higher debt load relative to revenue than 33% of similar nonprofits.

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

Net Margin

3rd percentile

-102%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

96th percentile

$205,641

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 739.9% of source-year revenue.

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

Asset Growth

32nd percentile

-3.2%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$916,116

Down $30,215 (-3.2%) from 2014

Net Assets

Down

$915,911

Down $28,690 (-3.0%) from 2014

Liabilities

Down

$205

Down $1,525 (-88%) from 2014

Revenue

Down

$27,794

Down $24,200 (-47%) from 2014

Expenses

Down

$56,131

Down $22,844 (-29%) from 2014

Net Income

Down

-$28,337

Down $1,356 (-5.0%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,041,585Liabilities 2011: $36,414Net Assets 2011: $1,005,1712011Assets 2012: $1,010,470Liabilities 2012: $107,070Net Assets 2012: $903,4002012Assets 2013: $979,592Liabilities 2013: $151,956Net Assets 2013: $827,6362013Assets 2014: $946,331Liabilities 2014: $1,730Net Assets 2014: $944,6012014Assets 2015: $916,116Liabilities 2015: $205Net Assets 2015: $915,9112015Assets 2016: $892,625Liabilities 2016: $7,149Net Assets 2016: $885,4762016Assets 2017: $857,400Liabilities 2017: $203Net Assets 2017: $857,1972017Assets 2018: $827,957Liabilities 2018: $180Net Assets 2018: $827,7772018Assets 2019: $807,101Liabilities 2019: $147Net Assets 2019: $806,9542019Assets 2020: $798,208Liabilities 2020: $6,521Net Assets 2020: $791,6872020Assets 2021: $770,265Liabilities 2021: $166Net Assets 2021: $770,0992021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2015

Assets$916,116
Liabilities$205
Net Assets$915,911

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $15,454Expenses 2011: $80,019Net Income 2011: -$64,5652011Revenue 2012: $23,390Expenses 2012: $125,161Net Income 2012: -$101,7712012Revenue 2013: $22,965Expenses 2013: $98,729Net Income 2013: -$75,7642013Revenue 2014: $51,994Expenses 2014: $78,975Net Income 2014: -$26,9812014Revenue 2015: $27,794Expenses 2015: $56,131Net Income 2015: -$28,3372015Revenue 2016: $37,906Expenses 2016: $68,311Net Income 2016: -$30,4052016Revenue 2017: $45,455Expenses 2017: $73,998Net Income 2017: -$28,5432017Revenue 2018: $43,401Expenses 2018: $73,033Net Income 2018: -$29,6322018Revenue 2019: $59,614Expenses 2019: $80,470Net Income 2019: -$20,8562019Revenue 2020: $31,761Expenses 2020: $47,555Net Income 2020: -$15,7942020Revenue 2021: $51,720Expenses 2021: $73,787Net Income 2021: -$22,0672021Revenue 2022: $19,882Expenses 2022: $789,981Net Income 2022: -$770,0992022

Highlighted filing

2015

Revenue$27,794
Expenses$56,131
Net Income-$28,337
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Mar 29, 2016
Return Version
2014v6.0
Gross Receipts
$27,794
Mission and Program Overview

Mission

To honor the loving memory of the reverend edgar tufts, while providing safe and wholesome family-centered recreational opportunities at wildcat lake and tufts park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$937,115$907,439▼ $29,676
Investments Program Related$7,612$7,631▲ $19
Cash and Non-Interest-Bearing Accounts$1,604$549▼ $1,055
Total Assets$946,331$916,116▼ $30,215
Other Assets Total-$497-
Liabilities
Other Liabilities$1,694$205▼ $1,489
Accounts Payable and Accrued Expenses$36--
Total Liabilities$1,730$205▼ $1,525
Net Assets / Fund Balance
Unrestricted Net Assets$944,601$915,911▼ $28,690
Total Net Assets Fund Balance$944,601$915,911▼ $28,690
Total Liabilities and Net Assets / Fund Balance$946,331$916,116▼ $30,215

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$885,334$189,749$1,075,083
Buildings$18,199$16,466$34,665
Equipment$3,906$3,906$7,812
Compensation and Service Providers

Employees

NameTitleOtherTotal
Celeste DominguezCbro$124,235$124,235
Jason AinsleyCFO$120,016$120,016
Steven SutherlandMd$117,917$117,917
Stephanie KnowlesCOO$115,766$115,766
Abigail LordCDO$69,182$69,182

Board Members and Trustees

NameTitle
Dan BrubakerCo-chair
Susan CarterCo-chair
Bill TateBoard Member
David BumgarnerBoard Member
Lee MetzgerBoard Member
Tom McauliffeBoard Member
John KoppelmeyerCEO
Les BroussardSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$27,388
Program Service Revenue
$0
Investment Income
$372
Other Revenue
$34
All Other Contributions
$1,570
Change in Net Assets
$-28,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,794
Revenue Not Reported on Form 990
$-353
Total Revenue per Audited Statements
$27,441
Total Revenue per Form 990
$27,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$29,676--$29,676
Other Expenses$18,462--$18,462
Fees for Services Management-$7,993-$7,993
Total Functional Expenses$48,138$7,993$0$56,131

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$56,131
Total Expenses per Audited Statements$56,131
Total Expenses per Form 990$56,131
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Properties for Children$130
Due to Gpc$75
Fica Tax Payable-
Federal Income Tax Payable-
Nc Tax Payable-
Nc Suta Payable-
Due to Grandfather Home for Children-
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 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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Children's hope alliance is the sole member of edgar tufts memorial association, inc.

Form 990, Page 6, Part VI, Line 7A

The trustees of the corporation shall be appointed by a resolution of the board of trustees of member. Approved candidates shall be appointed at the annual meeting. Each trustee shall hold office until the first of the following to occur: until his or her successor shall have been duly elected and shall have qualified; or until his or her death or disability, or until he or she shall resign in writing; or until he or she shall have been removed in the manner hereinafter provided.

Form 990, Page 6, Part VI, Line 7B

The entity that the corporation supports, children's hope alliance, shall have and exercise the following reserve powers: (a) to appoint or remove trustees; (b) to approve amendments to the articles of incorporation or bylaws of the corporation; (c) to appoint or remove the chief executive officer of the corporation; (d) to approve all annual budgets and audited financial statements and to approve any deficit budget; (e) to receive annual audits, interview the auditor, and approve form 990 returns before they are filed; (f) to consent, in writing, to all decisions of the board made at regular and special meetings, which consent shall not be unreasonably withheld; (g) to approve the construction of any new or the alteration of any existing facility involving an expenditure of 200,000.00 or more; (h) to sell, mortgage, pledge or alienate all or any part of the real estate or substantially all of the other assets of the corporation except that the member may not transfer those properties of the corporation, as they exist on the date that these restated bylaws are adopted, to properties for children; (i) to dissolve the corporation; and (j) to specify the distributee of its assets.

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

Each board member receives a packet containing a preliminary draft of form 990 for the tax year, a copy of the organizations's audited financial statements, and a list of questions to answer and return to the organization. The board member reviews the tax return and compares it to the audited financial statement. The board member then fills out the questionnaire to return to the organization including representations about related party relationships and any changes they think need to be made to the form 990. The organization obtains the completed questionnaires and makes any changes needed to form 990 prior to filing.

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

Policy is reviewed as a board and requests for disclosures made. Exceptions or potential conflicts would be reviewed by the board.

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

The organization uses performance indicators as well as market data in the determination of officer salaries.

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

The organization uses performace indicators as well as market data in the determination of officer salaries.

Form 990, Page 6, Part VI, Line 19

Upon request the appropriate documents are provided to the inquirer by an agreed method.

Filing and Contact Details

Filer

Filer Name
Edgar Tufts Memorial
EIN
56-0708071
Address
PO BOX 1, BARIUM SPRINGS, NC 28010

Signing Officer

Name
Jason Ainsley
Title
Chief Financial Officer
Signed
2016-03-29

Organization Details

Principal Officer
Mr John Koppelmeyer
Formed
1923
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
10

Preparer

Firm
Potts Rhyne & White Pa
Address
PO BOX 1189, STATESVILLE, NC 28687
Preparer
John W Potts
Phone
7048789541
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560529975
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1383672492
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt26000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt31000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GRANDFATHER HOME FOR CHILDREN
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1CHILDREN'S HOPE ALLIANCE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2CHILDREN'S HOPE ALLIANCE FOUNDATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3BARIUM SPRINGS HOME FOR CHILDREN
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IRS990ScheduleD/BuildingsGrp/BookValueAmt018199
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016466
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03906
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0885334
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0189749
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01075083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO PROPERTIES FOR CHILDREN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO GPC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FICA TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3FEDERAL INCOME TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4NC TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5NC SUTA PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6DUE TO GRANDFATHER HOME FOR CHILDREN
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IRS990ScheduleD/RevenueSubtotalAmt027794
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IRS990ScheduleD/TotalExpensesPerForm990Amt056131
IRS990ScheduleD/TotalLiabilityAmt0205
IRS990ScheduleD/TotalRevenuePerForm990Amt027794
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN KOPPELMEYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0205641
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHILDREN'S HOPE ALLIANCE IS THE SOLE MEMBER OF EDGAR TUFTS MEMORIAL ASSOCIATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEES OF THE CORPORATION SHALL BE APPOINTED BY A RESOLUTION OF THE BOARD OF TRUSTEES OF MEMBER. APPROVED CANDIDATES SHALL BE APPOINTED AT THE ANNUAL MEETING. EACH TRUSTEE SHALL HOLD OFFICE UNTIL THE FIRST OF THE FOLLOWING TO OCCUR: UNTIL HIS OR HER SUCCESSOR SHALL HAVE BEEN DULY ELECTED AND SHALL HAVE QUALIFIED; OR UNTIL HIS OR HER DEATH OR DISABILITY, OR UNTIL HE OR SHE SHALL RESIGN IN WRITING; OR UNTIL HE OR SHE SHALL HAVE BEEN REMOVED IN THE MANNER HEREINAFTER PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENTITY THAT THE CORPORATION SUPPORTS, CHILDREN'S HOPE ALLIANCE, SHALL HAVE AND EXERCISE THE FOLLOWING RESERVE POWERS: (A) TO APPOINT OR REMOVE TRUSTEES; (B) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; (C) TO APPOINT OR REMOVE THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION; (D) TO APPROVE ALL ANNUAL BUDGETS AND AUDITED FINANCIAL STATEMENTS AND TO APPROVE ANY DEFICIT BUDGET; (E) TO RECEIVE ANNUAL AUDITS, INTERVIEW THE AUDITOR, AND APPROVE FORM 990 RETURNS BEFORE THEY ARE FILED; (F) TO CONSENT, IN WRITING, TO ALL DECISIONS OF THE BOARD MADE AT REGULAR AND SPECIAL MEETINGS, WHICH CONSENT SHALL NOT BE UNREASONABLY WITHHELD; (G) TO APPROVE THE CONSTRUCTION OF ANY NEW OR THE ALTERATION OF ANY EXISTING FACILITY INVOLVING AN EXPENDITURE OF 200,000.00 OR MORE; (H) TO SELL, MORTGAGE, PLEDGE OR ALIENATE ALL OR ANY PART OF THE REAL ESTATE OR SUBSTANTIALLY ALL OF THE OTHER ASSETS OF THE CORPORATION EXCEPT THAT THE MEMBER MAY NOT TRANSFER THOSE PROPERTIES OF THE CORPORATION, AS THEY EXIST ON THE DATE THAT THESE RESTATED BYLAWS ARE ADOPTED, TO PROPERTIES FOR CHILDREN; (I) TO DISSOLVE THE CORPORATION; AND (J) TO SPECIFY THE DISTRIBUTEE OF ITS ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER RECEIVES A PACKET CONTAINING A PRELIMINARY DRAFT OF FORM 990 FOR THE TAX YEAR, A COPY OF THE ORGANIZATIONS'S AUDITED FINANCIAL STATEMENTS, AND A LIST OF QUESTIONS TO ANSWER AND RETURN TO THE ORGANIZATION. THE BOARD MEMBER REVIEWS THE TAX RETURN AND COMPARES IT TO THE AUDITED FINANCIAL STATEMENT. THE BOARD MEMBER THEN FILLS OUT THE QUESTIONNAIRE TO RETURN TO THE ORGANIZATION INCLUDING REPRESENTATIONS ABOUT RELATED PARTY RELATIONSHIPS AND ANY CHANGES THEY THINK NEED TO BE MADE TO THE FORM 990. THE ORGANIZATION OBTAINS THE COMPLETED QUESTIONNAIRES AND MAKES ANY CHANGES NEEDED TO FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICY IS REVIEWED AS A BOARD AND REQUESTS FOR DISCLOSURES MADE. EXCEPTIONS OR POTENTIAL CONFLICTS WOULD BE REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION USES PERFORMANCE INDICATORS AS WELL AS MARKET DATA IN THE DETERMINATION OF OFFICER SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION USES PERFORMACE INDICATORS AS WELL AS MARKET DATA IN THE DETERMINATION OF OFFICER SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST THE APPROPRIATE DOCUMENTS ARE PROVIDED TO THE INQUIRER BY AN AGREED METHOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt1CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt2CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt3CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt4CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt5CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1GRANDFATHER HOME FOR CHILDREN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CHILDREN'S HOPE ALLIANCE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3PROPERTIES FOR CHILDREN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4GRANDFATHER ACADEMY

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