Civic Intelligence

Goodwill Industries of Central

EIN 56-0862842 • 501(c)3 • Greensboro, NC

View Organization Page

Profile

Goodwill industries of central north carolina, inc promotes the value of work through job training and the provision of work opportunities for people with special employment needs.

1235 South Eugene StreetGreensboro, NC 27406

www.triadgoodwill.org

Siviq Scores

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

Liabilities / Assets

35th percentile

0.11x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

38th percentile

0.22x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

60th percentile

$431,799

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

54th percentile

6.8%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

40th percentile

4.6%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$57,238,466

Up $3,665,932 (+6.8%) from 2024

Liabilities

Down

$6,518,824

Down $164,114 (-2.5%) from 2024

Net Assets

Up

$50,719,642

Up $3,830,046 (+8.2%) from 2024

Operations
Liabilities / Revenue38th percentileNet Margin68th percentile

Revenue

Up

$29,842,288

Up $1,319,503 (+4.6%) from 2024

Expenses

Up

$26,012,242

Up $1,551,649 (+6.3%) from 2024

Net Income

Down

$3,830,046

Down $232,146 (-5.7%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

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

$60M$40M$20M$0Assets 2011: $19,104,595Liabilities 2011: $5,395,654Net Assets 2011: $13,708,9412011Assets 2012: $26,696,415Liabilities 2012: $10,726,638Net Assets 2012: $15,969,7772012Assets 2013: $30,699,097Liabilities 2013: $12,769,558Net Assets 2013: $17,929,5392013Assets 2014: $30,386,216Liabilities 2014: $11,443,322Net Assets 2014: $18,942,8942014Assets 2015: $30,690,804Liabilities 2015: $10,427,172Net Assets 2015: $20,263,6322015Assets 2016: $30,799,553Liabilities 2016: $9,285,341Net Assets 2016: $21,514,2122016Assets 2017: $31,493,737Liabilities 2017: $8,731,179Net Assets 2017: $22,762,5582017Assets 2018: $31,663,639Liabilities 2018: $7,263,425Net Assets 2018: $24,400,2142018Assets 2019: $32,096,607Liabilities 2019: $5,953,969Net Assets 2019: $26,142,6382019Assets 2020: $32,688,083Liabilities 2020: $5,464,745Net Assets 2020: $27,223,3382020Assets 2021: $36,556,286Liabilities 2021: $3,640,838Net Assets 2021: $32,915,4482021Assets 2022: $40,100,021Liabilities 2022: $2,438,226Net Assets 2022: $37,661,7952022Assets 2023: $49,577,577Liabilities 2023: $6,750,281Net Assets 2023: $42,827,2962023Assets 2024: $53,572,534Liabilities 2024: $6,682,938Net Assets 2024: $46,889,5962024Assets 2025: $57,238,466Liabilities 2025: $6,518,824Net Assets 2025: $50,719,6422025

Highlighted filing

2025

Assets$57,238,466
Liabilities$6,518,824
Net Assets$50,719,642
Open 2025 Filing

Operations Trend

Revenue Growth40th percentile

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

$30M$20M$10M$0Expenses 2011: $13,964,8552011Expenses 2012: $14,919,6782012Expenses 2013: $16,535,9642013Revenue 2014: $18,525,744Expenses 2014: $17,512,388Net Income 2014: $1,013,3562014Revenue 2015: $19,231,401Expenses 2015: $17,910,663Net Income 2015: $1,320,7382015Revenue 2016: $19,014,065Expenses 2016: $17,763,485Net Income 2016: $1,250,5802016Revenue 2017: $19,242,242Expenses 2017: $17,993,896Net Income 2017: $1,248,3462017Revenue 2018: $19,511,443Expenses 2018: $17,863,296Net Income 2018: $1,648,1472018Revenue 2019: $20,702,884Expenses 2019: $18,952,007Net Income 2019: $1,750,8772019Revenue 2020: $20,496,324Expenses 2020: $19,415,624Net Income 2020: $1,080,7002020Revenue 2021: $24,371,294Expenses 2021: $18,679,184Net Income 2021: $5,692,1102021Revenue 2022: $25,790,924Expenses 2022: $21,044,577Net Income 2022: $4,746,3472022Revenue 2023: $28,387,749Expenses 2023: $23,222,248Net Income 2023: $5,165,5012023Revenue 2024: $28,522,785Expenses 2024: $24,460,593Net Income 2024: $4,062,1922024Revenue 2025: $29,842,288Expenses 2025: $26,012,242Net Income 2025: $3,830,0462025

Highlighted filing

2025

Revenue$29,842,288
Expenses$26,012,242
Net Income$3,830,046
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$57,238,466
Liabilities
$6,518,824
Net assets
$50,719,642
Revenue
$29,842,288
Expenses
$26,012,242
Net income
$3,830,046
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.2$6.52$50.7$29.8$26.0$3.83
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.6$6.68$46.9$28.5$24.5$4.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.6$6.75$42.8$28.4$23.2$5.17
2022Detailed filing. Detailed filing data is available for this year.$40.1$2.44$37.7$25.8$21.0$4.75
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.6$3.64$32.9$24.4$18.7$5.69
2020Detailed filing. Detailed filing data is available for this year.$32.7$5.46$27.2$20.5$19.4$1.08
2019Detailed filing. Detailed filing data is available for this year.$32.1$5.95$26.1$20.7$19.0$1.75
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.7$7.26$24.4$19.5$17.9$1.65
2017Detailed filing. Detailed filing data is available for this year.$31.5$8.73$22.8$19.2$18.0$1.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.8$9.29$21.5$19.0$17.8$1.25
2015Detailed filing. Detailed filing data is available for this year.$30.7$10.4$20.3$19.2$17.9$1.32
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.4$11.4$18.9$18.5$17.5$1.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$12.8$17.9$16.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$10.7$16.0$14.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$5.40$13.7$14.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 29, 2025
Return Version
2024v5.2
Gross Receipts
$58,219,684
Mission and Program Overview

Mission

Goodwill industries of central north carolina, inc. Restores hope and dignity to people by offering them free job training programs, workforce development services, and by collaborating with other community organizations.

Goodwill industries of central north carolina, inc.'s mission is improving lives and enriching communities through the power of work

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,641,639$41,906,484▲ $6,264,845
Cash and Non-Interest-Bearing Accounts$3,558,720$4,103,155▲ $544,435
Savings and Temporary Cash Investments$8,068,638$4,097,386▼ $3,971,252
Inventories for Sale or Use$1,420,833$1,671,889▲ $251,056
Accounts Receivable$312,625$329,982▲ $17,357
Prepaid Expenses and Deferred Charges$128,219$134,338▲ $6,119
Total Assets$53,572,534$57,238,466▲ $3,665,932
Other Assets Total$4,441,860$4,995,232▲ $553,372
Liabilities
Other Liabilities$4,378,146$4,957,324▲ $579,178
Accounts Payable and Accrued Expenses$2,274,300$1,525,141▼ $749,159
Deferred Revenue$30,492$36,359▲ $5,867
Total Liabilities$6,682,938$6,518,824▼ $164,114
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,795,178$50,625,224▲ $3,830,046
Net Assets With Donor Restrictions$94,418$94,418→ $0
Total Net Assets Fund Balance$46,889,596$50,719,642▲ $3,830,046
Total Liabilities and Net Assets / Fund Balance$53,572,534$57,238,466▲ $3,665,932

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,689,678$6,796,529$31,486,207
Land$16,632,122-$16,632,122
Equipment$-9$3,737,530$3,737,521
Leasehold Improvements$584,693$531,773$1,116,466
Other Assets Org$4,835,622--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher GorhamPresident and CEOFT$336,411$95,388$431,799
Brady MinkEvp, CFO , Retired as of 12/6/24FT$261,046$51,113$312,159
Celeste MacmurdoExecutive Vice President OFT$210,846$58,455$269,301
Patricia CaudleSenior Vice President of HFT$155,144$29,199$184,343
Jessica SchultzVice President of Career DFT$143,187$21,617$164,804
George Lothian JrVice President of InformatFT$135,104$28,088$163,192
Teresa EastVice President of MarketinFT$114,060$15,989$130,049
Dwight CrottsVice President of ComplianFT$118,040$5,944$123,984
Kevin JamesCFOFT$14,916-$14,916

Board Members and Trustees

NameTitle
Diana HardyChair
Steve BillingsChair Elect
Chris HillImmediate Past Chair
Alex Maultsby EsqBoard of Advisors
Carrie GriswoldBoard of Advisors
David MoffBoard of Advisors
Dr Brian ClaridaBoard of Advisors
Latonya Powell-johnsonBoard of Advisors
Rachel S DeckerBoard of Advisors
Steven SquireBoard of Advisors
Andy BarrowDirector
Bob HudsonDirector
Dr Darrell HarrisDirector
Dr Mark KinlawDirector
Ernestine TaylorDirector
Gary RogersDirector
Johnny WoodDirector
Keith CrosbyDirector
Mike GannawayDirector
Paige WinglerDirector
Peyton FairbankDirector
Rashad SladeDirector
Rev Newton CowanDirector
Thomas GlaserDirector
Charles Younce EsqDirector, Legal Counsel
Patti-angela ManeyExecutive Assistant
Robert GraySecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ldj Global Strategies LLCBuilding Rent628 GREEN VALLEY ROAD, Greensboro, NC 27408$289,941
Charter Communications Holding LLCInternet ServicePO BOX 223085, Pittsburgh, PA 15251-2085$128,396
Jpc Monroe LLCBuilding RentPO BOX 49579, Greensboro, NC 27419$120,715
Mary Oak Plaza LLCBuilding RentPO BOX 9537, Greensboro, NC 27429$120,415
West Stem PllcProfessional Services5455 BETHANIA ROAD, Winstonsalem, NC 27106$101,346
Revenue and Support

Revenue Composition

Contributions and Grants
$28,891,270
Program Service Revenue
$172,336
Investment Income
$263,869
Other Revenue
$514,813
All Other Contributions
$28,891,270
Change in Net Assets
$3,830,046

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$27,940,112Retail Sales Amount
Total Noncash Contributions$27,940,112-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,842,288
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$46,424
Total Revenue per Audited Statements
$29,888,712
Total Revenue per Form 990
$29,842,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,507,470
Other Expenses$7,504,772
Total Fundraising Expense$215,920
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,536,716$854,724$124,350$13,515,790
Occupancy$2,187,384$20,450-$2,207,834
Current Officers, Directors, Trustees, and Key Employees$470,901$1,408,933$73,946$1,953,780
Other Employee Benefits$1,296,914$133,437$5,046$1,435,397
Payroll Taxes$1,056,216$181,729$2,994$1,240,939
Depreciation Depletion$928,048--$928,048
Fees for Services Other$673,276$151,892-$825,168
Travel$396,657$63,425-$460,082
Pension Plan Contributions$254,924$97,056$9,584$361,564
Advertising$98,728$146,712-$245,440
All Other Expenses$26,006$188,868-$214,874
Other Expenses$155,884$28,962-$184,846
Conferences and Meetings$1,687$31,849-$33,536
Total Functional Expenses$22,112,006$3,684,316$215,920$26,012,242

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,058,666
Expenses per Audited Statements$26,012,242
Total Expenses per Form 990$26,012,242
Expenses Not Reported on Form 990$46,424
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$244,479
Fundraising Direct Expenses$46,424
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Change Roundup$244,479$244,479$46,424$198,055
Total Events$244,479$244,479$46,424$198,055
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$4,957,324
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 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
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, Section B, Line 11B

“An electronic copy of the return is provided to audit committee members prior to a meeting held with the outside audit firm who prepares the form 990. The tax return is reviewed in the meeting with the audit committee and any questions are resolved prior to producing a final copy of the forms.”

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

“New board members are provided orientations which include a review of the bylaws and the agency's conflict of interest policy. Legal counsel reviews the policy annually. Each board member is provided a board manual which includes the policy. Annual conflict of interest statements are requred from all senior staff. No enforcement actions have been required.”

Form 990, Part VI, Section B, Line 15

“Information for salaries for comparable positions is obtained by the agency's human resources department from the greater greensboro metropolitan area, as well as from other goodwills that are of comparable revenue and asset size. This information is reviewed by the president/ceo and presented to the compensation committee, who are members of the board. The president/ceo determines appropriate individual compensation levels for other senior staff. Any compensation exceeding $100,000 is reviewed by the compensation committee. The president/ceo compensation is always determined and reviewed by the compensation committee.”

Form 990, Part VI, Section C, Line 18

“Form 990 is posted on the guidestar.org website.”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Goodwill Industries of Central North Car
EIN
56-0862842
Phone
3362759801
Address
1235 SOUTH EUGENE STREET, GREENSBORO, NC 27406

Signing Officer

Name
Christopher Gorham
Title
President/CEO
Phone
3362759801
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Gorham
Formed
1963
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
19
Employees
825
Volunteers
1,796

Preparer

Firm
Dmjps Pllc
Address
703 GREEN VALLEY ROAD SUITE 201, GREENSBORO, NC 27408
Preparer
Stacy M West CPA
Phone
3362759886
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The organization no longer operates a commercial (business) services division program”

Form 990 Page 12 Part XII Line 2C

“The process for reviewing the audit and selecting an independent accountant has not changed.”

Financial Statement Notes

PART X, LINE 2:

“Tax exempt status - the organization is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code. Tax positions - based on all known facts and circumstances and current tax law, the management of the organization does not believe or have any reason to believe the organization has any uncertain tax positions to account for as of june 30, 2025. If the organization is ever required to account for an uncertain tax position in the future, management would apply the following criteria: the required accounting applied to uncertain income tax positions prescribes minimum probability threshold a tax position must meet before a financial statement income tax benefit is recognized. The minimum threshold is defined as a tax position, based solely on its technical merits, that would more likely than not be sustained upon examination by the relevant tax authority with knowledge of the same facts. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate resolution. As of june 30, 2025 and including the previous three years considering extensions, the organization's income tax returns are open and subject to examination by tax authorities with relevant jurisdiction. Should such an examination take place, management does not anticipate any significant issues related to the open years.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense netted against revenue 46,424.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense netted against revenue 46,424.”

Raw XML AppendixShowing 400 of 827 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02274300
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC.'S MISSION IS IMPROVING LIVES AND ENRICHING COMMUNITIES THROUGH THE POWER OF WORK
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0146712
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2JPC MONROE LLC
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4WEST STEM PLLC
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IRS990/ContractorCompensationGrp/ServicesDesc1INTERNET SERVICE
IRS990/ContractorCompensationGrp/ServicesDesc2BUILDING RENT
IRS990/ContractorCompensationGrp/ServicesDesc3BUILDING RENT
IRS990/ContractorCompensationGrp/ServicesDesc4PROFESSIONAL SERVICES
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IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt028891270
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IRS990/Desc0GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC. OPERATES 26 RETAIL STORES WHICH RECEIVE, PROCESS, AND SELL DONATED GOODS PROVIDED BY OVER 400,000 GENEROUS MEMBERS OF THE COMMUNITY IN ALAMANCE, CASWELL, ROCKINGHAM, RANDOLPH, AND GUILFORD COUNTIES. GOODWILL RETAIL STORES SERVED ALMOST 1.5 MILLION CUSTOMERS, GENERATING THE REVENUE WHICH PROVIDES THE MAJORITY OF FUNDING IN FURTHERING THE ORGANIZATION'S WORKFORCE DEVELOPMENT PROGRAMS. GOODWILL'S RECYCLING INITIATIVES HAVE EXPANDED TO OVER 20 PRODUCT LINES, ELIMINATING OVER 9 MILLION POUNDS OF PRODUCT FROM ENTERING LOCAL LANDFILLS. FURTHERING THE DEVELOPMENT OF OUR MARKET SHARE WITHIN THE CONTRIBUTED GOODS PROGRAM WILL ENSURE THE SUSTAINABILITY OF OUR MISSION FOR YEARS TO COME. AS AN EFFECTIVE RECYCLER OF GOODS, WE CONTINUE TO STRIVE TO BE THE BEST STEWARDS OF THE ENVIRONMENT THROUGH ENHANCEMENT OF GREEN INITIATIVES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF ADVISORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR, LEGAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF ADVISORS
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE VICE PRESIDENT O
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt28VICE PRESIDENT OF COMPLIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt29VICE PRESIDENT OF INFORMAT
IRS990/Form990PartVIISectionAGrp/TitleTxt30VICE PRESIDENT OF CAREER D
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