Civic Intelligence

Broad Creek Recreation Association Inc

EIN 56-2103994 • 501(c)7 • New Bern, NC

Profile

To provide recreation facilities to the organizations members.

750 Broad Creek RoadNew Bern, NC 28560

n/A

Siviq Scores

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

Liabilities / Assets

30th percentile

0.03x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.06x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

20th percentile

-5.6%

Higher net margin than 20% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

38th percentile

-0.2%

Faster asset growth than 38% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-2.5%

Faster revenue growth than 23% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,216,845

Down $2,124 (-0.2%) from 2023

Liabilities

Up

$30,716

Up $6,281 (+26%) from 2023

Net Assets

Down

$1,186,129

Down $8,405 (-0.7%) from 2023

Revenue

Down

$539,330

Down $13,873 (-2.5%) from 2023

Expenses

Up

$569,563

Up $930 (+0.2%) from 2023

Net Income

Down

-$30,233

Down $14,803 (-96%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,177,671Liabilities 2010: $332,421Net Assets 2010: $845,2502010Assets 2011: $1,193,722Liabilities 2011: $366,616Net Assets 2011: $827,1062011Assets 2012: $1,058,697Liabilities 2012: $192,569Net Assets 2012: $866,1282012Assets 2013: $1,078,409Liabilities 2013: $145,664Net Assets 2013: $932,7452013Assets 2014: $1,071,432Liabilities 2014: $97,165Net Assets 2014: $974,2672014Assets 2015: $1,082,446Liabilities 2015: $31,103Net Assets 2015: $1,051,3432015Assets 2016: $1,149,047Liabilities 2016: $34,190Net Assets 2016: $1,114,8572016Assets 2017: $1,172,405Liabilities 2017: $6,090Net Assets 2017: $1,166,3152017Assets 2018: $1,705,977Liabilities 2018: $485,429Net Assets 2018: $1,220,5482018Assets 2019: $1,135,520Liabilities 2019: $10,621Net Assets 2019: $1,124,8992019Assets 2021: $1,188,254Liabilities 2021: $30,417Net Assets 2021: $1,157,8372021Assets 2022: $1,235,572Liabilities 2022: $25,608Net Assets 2022: $1,209,9642022Assets 2023: $1,218,969Liabilities 2023: $24,435Net Assets 2023: $1,194,5342023Assets 2024: $1,216,845Liabilities 2024: $30,716Net Assets 2024: $1,186,1292024

Highlighted filing

2024

Assets$1,216,845
Liabilities$30,716
Net Assets$1,186,129

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $585,2552010Revenue 2011: $613,648Expenses 2011: $631,792Net Income 2011: -$18,1442011Revenue 2012: $532,440Expenses 2012: $493,418Net Income 2012: $39,0222012Revenue 2013: $533,397Expenses 2013: $466,780Net Income 2013: $66,6172013Revenue 2014: $534,836Expenses 2014: $493,314Net Income 2014: $41,5222014Revenue 2015: $552,559Expenses 2015: $475,485Net Income 2015: $77,0742015Revenue 2016: $545,867Expenses 2016: $482,353Net Income 2016: $63,5142016Revenue 2017: $534,619Expenses 2017: $483,161Net Income 2017: $51,4582017Revenue 2018: $493,626Expenses 2018: $439,393Net Income 2018: $54,2332018Revenue 2019: $463,936Expenses 2019: $559,585Net Income 2019: -$95,6492019Revenue 2021: $482,088Expenses 2021: $475,498Net Income 2021: $6,5902021Revenue 2022: $549,080Expenses 2022: $496,953Net Income 2022: $52,1272022Revenue 2023: $553,203Expenses 2023: $568,633Net Income 2023: -$15,4302023Revenue 2024: $539,330Expenses 2024: $569,563Net Income 2024: -$30,2332024

Highlighted filing

2024

Revenue$539,330
Expenses$569,563
Net Income-$30,233

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.03$1.19$0.54$0.57$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.02$1.19$0.55$0.57$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.03$1.21$0.55$0.50$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.03$1.16$0.48$0.48$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.14$0.01$1.12$0.46$0.56$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.49$1.22$0.49$0.44$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.01$1.17$0.53$0.48$0.05
2016Summary only. Only limited summary data is available for this year.$1.15$0.03$1.11$0.55$0.48$0.06
2015Summary only. Only limited summary data is available for this year.$1.08$0.03$1.05$0.55$0.48$0.08
2014Summary only. Only limited summary data is available for this year.$1.07$0.10$0.97$0.53$0.49$0.04
2013Summary only. Only limited summary data is available for this year.$1.08$0.15$0.93$0.53$0.47$0.07
2012Summary only. Only limited summary data is available for this year.$1.06$0.19$0.87$0.53$0.49$0.04
2011Summary only. Only limited summary data is available for this year.$1.19$0.37$0.83$0.61$0.63$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.33$0.85$0.59
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$554,373
Mission and Program Overview

Mission

To provide recreation facilities to the organizations members.

To provide recreation facilities to the organization's members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$826,086$805,843▼ $20,243
Savings and Temporary Cash Investments$320,085$397,975▲ $77,890
Prepaid Expenses and Deferred Charges$9,496$10,085▲ $589
Cash and Non-Interest-Bearing Accounts$63,096$2,942▼ $60,154
Inventories for Sale or Use$206--
Total Assets$1,218,969$1,216,845▼ $2,124
Liabilities
Other Liabilities$20,528$18,331▼ $2,197
Accounts Payable and Accrued Expenses$3,907$12,385▲ $8,478
Total Liabilities$24,435$30,716▲ $6,281
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,174,006$1,167,798▼ $6,208
Net Assets With Donor Restrictions$20,528$18,331▼ $2,197
Total Net Assets Fund Balance$1,194,534$1,186,129▼ $8,405
Total Liabilities and Net Assets / Fund Balance$1,218,969$1,216,845▼ $2,124

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$633,702$779,090$1,412,792
Equipment$72,567$408,771$481,338
Land$99,574-$99,574
Compensation and Service Providers

Board Members and Trustees

NameTitle
Janet PorterPresident
Larry SandeenVice President
Ed DeutschBoard Member
George LobmanBoard Member
John MiriBoard Member
Mary SeymourBoard Member
Rick ThomasBoard Member
Waldeane GiacobbeBoard Member
Claude BoguesSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$534,341
Investment Income
$851
Other Revenue
$4,138
Change in Net Assets
$-30,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,933
Salaries, Compensation, and Employee Benefits$226,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$201,330--$201,330
Depreciation Depletion$63,251--$63,251
Occupancy$62,609--$62,609
Insurance$40,867--$40,867
Fees for Services Management-$20,467-$20,467
Office Expenses$8,547$8,547-$17,094
Payroll Taxes$15,627--$15,627
All Other Expenses$6,645--$6,645
Other Expenses$6,228--$6,228
Fees for Services Accounting$3,000$3,000-$6,000
Other Employee Benefits$5,386--$5,386
Pension Plan Contributions$4,287--$4,287
Total Functional Expenses$537,549$32,014$0$569,563
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Memberships$18,331
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The members of broad creek recreation association, inc. Are nine time-share associations located at fairfield harbour in new bern, north carolina. Members include fairfield harbourside condominium association, inc., fairfield harbourside ii condominium association, inc., sand castle village condominium association, inc., sand castle village ii condominium association, inc., sand castle cove condominium association, inc., the fairways condominium property owners association, inc., waterwood townhouse property owners association, inc., windjammer villas i association, inc., and windjammer villas ii condominium porperty owners association, inc. Each member elects one representative to serve as an officer on the governing body of the association.

Form 990, Part VI, Section A, Line 7B

Decisions of the governing body are subject to approval by each of the nine members of the association. Each member has one representative that serves on the governing body of the association.

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

Broad creek recreation association, inc's board president, the resort manager, and the accounting manager will hold a conference call to review in detail the form 990. The board president will be given a copy of the return including all schedules and supplemental information. Each line item and corresponding schedules will be explained and discussed by the accounting manager. The board president will then be given an additional week after the meeting to bring any question or concerns regarding the tax return to the attention of the accounting manager. Any concerns will be addressed timely to avoid any delays in filing the return. The board president will be responsible and will approve the form 990 before the return is finalized.

Form 990, Part VI, Section C, Line 19

Broad creek recreation association, inc. Makes their governing documents and financial statements available upon request. Also, the form 990 is available on guidestar.org

Filing and Contact Details

Filer

Filer Name
Broad Creek Recreation Association Inc
EIN
56-2103994
Phone
2526388011
Address
750 BROAD CREEK ROAD, NEW BERN, NC 28560

Signing Officer

Name
Sarah Herrmann
Title
Agent
Phone
2526388011
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Porter
Formed
1998
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
17
Volunteers
0

Preparer

Firm
Williams Scarborough Gray Llp
Address
PO BOX 14008, NEW BERN, NC 28561-4008
Preparer
W Randall Gray CPA
Phone
2526384000
Supplemental Narrative

Additional Explanations

990 Page 12 Part XII 2C

The return is reviewed by the management company and is then given to the board where they review it before filing the return.

Raw XML Appendix359 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
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010085
IRS990/PrincipalOfficerNm0JANET PORTER
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES AND AS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0534341
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYOtherExpensesAmt0344304
IRS990/PYOtherRevenueAmt0670
IRS990/PYProgramServiceRevenueAmt0551809
IRS990/PYRevenuesLessExpensesAmt0-15430
IRS990/PYSalariesCompEmpBnftPaidAmt0224329
IRS990/PYTotalExpensesAmt0568633
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0553203
IRS990/ReconcilationRevenueExpnssAmt0-30233
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0320085
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0397975
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0779090
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01412792
IRS990ScheduleD/EquipmentGrp/BookValueAmt072567
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0408771
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0481338
IRS990ScheduleD/LandGrp/BookValueAmt099574
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018331
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF BROAD CREEK RECREATION ASSOCIATION, INC. ARE NINE TIME-SHARE ASSOCIATIONS LOCATED AT FAIRFIELD HARBOUR IN NEW BERN, NORTH CAROLINA. MEMBERS INCLUDE FAIRFIELD HARBOURSIDE CONDOMINIUM ASSOCIATION, INC., FAIRFIELD HARBOURSIDE II CONDOMINIUM ASSOCIATION, INC., SAND CASTLE VILLAGE CONDOMINIUM ASSOCIATION, INC., SAND CASTLE VILLAGE II CONDOMINIUM ASSOCIATION, INC., SAND CASTLE COVE CONDOMINIUM ASSOCIATION, INC., THE FAIRWAYS CONDOMINIUM PROPERTY OWNERS ASSOCIATION, INC., WATERWOOD TOWNHOUSE PROPERTY OWNERS ASSOCIATION, INC., WINDJAMMER VILLAS I ASSOCIATION, INC., AND WINDJAMMER VILLAS II CONDOMINIUM PORPERTY OWNERS ASSOCIATION, INC. EACH MEMBER ELECTS ONE REPRESENTATIVE TO SERVE AS AN OFFICER ON THE GOVERNING BODY OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY EACH OF THE NINE MEMBERS OF THE ASSOCIATION. EACH MEMBER HAS ONE REPRESENTATIVE THAT SERVES ON THE GOVERNING BODY OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BROAD CREEK RECREATION ASSOCIATION, INC'S BOARD PRESIDENT, THE RESORT MANAGER, AND THE ACCOUNTING MANAGER WILL HOLD A CONFERENCE CALL TO REVIEW IN DETAIL THE FORM 990. THE BOARD PRESIDENT WILL BE GIVEN A COPY OF THE RETURN INCLUDING ALL SCHEDULES AND SUPPLEMENTAL INFORMATION. EACH LINE ITEM AND CORRESPONDING SCHEDULES WILL BE EXPLAINED AND DISCUSSED BY THE ACCOUNTING MANAGER. THE BOARD PRESIDENT WILL THEN BE GIVEN AN ADDITIONAL WEEK AFTER THE MEETING TO BRING ANY QUESTION OR CONCERNS REGARDING THE TAX RETURN TO THE ATTENTION OF THE ACCOUNTING MANAGER. ANY CONCERNS WILL BE ADDRESSED TIMELY TO AVOID ANY DELAYS IN FILING THE RETURN. THE BOARD PRESIDENT WILL BE RESPONSIBLE AND WILL APPROVE THE FORM 990 BEFORE THE RETURN IS FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BROAD CREEK RECREATION ASSOCIATION, INC. MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ALSO, THE FORM 990 IS AVAILABLE ON GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN IS REVIEWED BY THE MANAGEMENT COMPANY AND IS THEN GIVEN TO THE BOARD WHERE THEY REVIEW IT BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4990 PAGE 12 PART XII 2C
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IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt01218969
IRS990/TotalAssetsGrp/EOYAmt01216845
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt017
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032014
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0537549
IRS990/TotalFunctionalExpensesGrp/TotalAmt0569563
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IRS990/TotalLiabilitiesGrp/EOYAmt030716
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0851
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0539330
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-3194
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/USAddress/CityNm0NEW BERN
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028560
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH HERRMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02526388011
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROAD CREEK RECREATION ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BROB
ReturnHeader/Filer/EIN0562103994
ReturnHeader/Filer/PhoneNum02526388011
ReturnHeader/Filer/USAddress/AddressLine1Txt0750 BROAD CREEK ROAD
ReturnHeader/Filer/USAddress/CityNm0NEW BERN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028560
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561313870
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAMS SCARBOROUGH GRAY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 14008
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW BERN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0285614008
ReturnHeader/PreparerPersonGrp/PhoneNum02526384000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W RANDALL GRAY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-17T20:10:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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