Civic Intelligence

Doco Credit Union

990 • Fiscal year 2019 • EIN 58-0830217

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 11, 2020

P O Box 71389Albany, GA 31708

(229) 435-1715

Siviq Scores

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

Liabilities / Assets

70th percentile

0.90x

Higher debt load relative to assets than 70% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

12th percentile

11.74x

Higher debt load relative to revenue than 12% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

1st percentile

-36%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

100th percentile

$3,276,638

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 21.5% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

7th percentile

-1.4%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-2.5%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$199,135,691

Flat from 2019

Net Assets

Flat

$19,824,333

Flat from 2019

Liabilities

Flat

$179,311,358

Flat from 2019

Revenue

Flat

$15,271,817

Flat from 2019

Expenses

Flat

$20,757,555

Flat from 2019

Net Income

Flat

-$5,485,738

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2013: $201,782,335Liabilities 2013: $178,997,148Net Assets 2013: $22,785,1872013Assets 2014: $205,457,801Liabilities 2014: $180,635,765Net Assets 2014: $24,822,0362014Assets 2015: $212,305,527Liabilities 2015: $190,602,251Net Assets 2015: $21,703,2762015Assets 2016: $218,323,709Liabilities 2016: $194,805,014Net Assets 2016: $23,518,6952016Assets 2017: $223,827,634Liabilities 2017: $199,829,395Net Assets 2017: $23,998,2392017Assets 2018: $201,864,384Liabilities 2018: $176,556,195Net Assets 2018: $25,308,1892018Assets 2019: $199,135,691Liabilities 2019: $179,311,358Net Assets 2019: $19,824,3332019Assets 2019: $199,135,691Liabilities 2019: $179,311,358Net Assets 2019: $19,824,3332019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$199,135,691
Liabilities$179,311,358
Net Assets$19,824,333

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2013: $15,332,064Expenses 2013: $12,308,330Net Income 2013: $3,023,7342013Revenue 2014: $15,699,177Expenses 2014: $13,662,328Net Income 2014: $2,036,8492014Revenue 2015: $15,345,187Expenses 2015: $18,463,726Net Income 2015: -$3,118,5392015Revenue 2016: $15,405,747Expenses 2016: $14,224,664Net Income 2016: $1,181,0832016Revenue 2017: $14,913,286Expenses 2017: $14,434,651Net Income 2017: $478,6352017Revenue 2018: $15,665,577Expenses 2018: $14,356,932Net Income 2018: $1,308,6452018Revenue 2019: $15,271,817Expenses 2019: $20,757,555Net Income 2019: -$5,485,7382019Revenue 2019: $15,271,817Expenses 2019: $20,757,555Net Income 2019: -$5,485,7382019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2019

Revenue$15,271,817
Expenses$20,757,555
Net Income-$5,485,738
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 11, 2020
Return Version
2019v5.0
Gross Receipts
$15,271,817
Mission and Program Overview

Mission

Provide savings and lending activities to member owners of the cooperative

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$153,508,225$161,504,823▲ $7,996,598
Rtn Earn Endowment Incm Other Fnds$25,308,189$19,824,333▼ $5,483,856
Savings and Temporary Cash Investments$5,730,196$11,517,754▲ $5,787,558
Cash and Non-Interest-Bearing Accounts$6,020,309$5,591,887▼ $428,422
Land, Buildings, and Equipment, Net$6,029,807$5,548,882▼ $480,925
Investments Program Related$2,366,753$2,304,086▼ $62,667
Receivables From Officers Etc$2,031,723$2,277,466▲ $245,743
Investments Other Securities$15,986,149$1,583,783▼ $14,402,366
Accounts Receivable$1,529,491$1,099,523▼ $429,968
Prepaid Expenses and Deferred Charges$85,402$566,982▲ $481,580
Investments in Publicly Traded Securities$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$201,864,384$199,135,691▼ $2,728,693
Other Assets Total$8,576,329$7,140,505▼ $1,435,824
Liabilities
Other Liabilities$174,012,493$172,338,180▼ $1,674,313
Accounts Payable and Accrued Expenses$2,543,702$6,973,178▲ $4,429,476
Total Liabilities$176,556,195$179,311,358▲ $2,755,163
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,308,189$19,824,333▼ $5,483,856
Total Liabilities and Net Assets / Fund Balance$201,864,384$199,135,691▼ $2,728,693

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,711,568$2,660,958$6,372,526
Equipment$588,232$1,148,810$1,737,042
Land$1,249,082-$1,249,082
Leasehold Improvements$0$106,467$106,467
Other Land Buildings$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barry HeapePresident / CEOFT$399,582$2,877,056$3,276,638
Robert YoungbloodEvpFT$238,441$1,510,123$1,748,564
Ellen CollinsVP/CFOFT$143,980$51,340$195,320
Trent WilliamsVP LendingFT$123,529$59,175$182,704
Charles OwensSenior Commercial LenderFT$121,235$45,891$167,126
Olliver SindersineVP OperationsFT$120,054$42,796$162,850
Carol WolfeVP Member ServicesFT$112,995$47,475$160,470
Julie IrvinVP of ComplianceFT$90,614$58,589$149,203
Donna Parr MarteenVP of Human ResourcesFT$96,319$46,924$143,243
Tom PollockChairman, Board of Directors-$10,857-$10,857
Carlos KeithDirector-$9,047-$9,047
Derryl QuinnVice Chairman, Board of Directors-$9,047-$9,047
George ReynoldsDirector-$9,047-$9,047
Jan ParkerDirector-$9,047-$9,047
Rochelle BushSecretary, Board of Directors-$9,047-$9,047
Seaborn JacksonTreasurer, Board of Directors-$6,032-$6,032

Highest Paid Contractors

ContractorServicesLocationCompensation
MadlabMarketing Services322 N Washington St, Albany, GA 31701$195,462
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,663,115
Investment Income
$608,702
Other Revenue
$0
Change in Net Assets
$-5,485,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,774,714
Salaries, Compensation, and Employee Benefits$9,978,881
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions---$3,563,508
Other Salaries and Wages---$2,889,995
Current Officers, Directors, Trustees, and Key Employees---$2,114,139
Information Technology---$1,993,341
Fees for Services Other---$968,934
Interest---$927,231
Payroll Taxes---$852,945
Occupancy---$637,202
Office Expenses---$617,067
Other Employee Benefits---$558,294
Depreciation Depletion---$528,041
Advertising---$234,824
All Other Expenses---$227,737
Other Expenses---$167,346
Insurance---$166,635
Fees for Services Accounting---$135,373
Fees for Services Legal---$99,306
Travel---$59,479
Conferences and Meetings---$24,181
Fees for Services Management---$4,813
Benefits to Members---$3,960
Total Functional Expenses$0$0$0$20,757,555
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,031,723$2,277,466▲ $245,743
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares and Deposits$172,338,180
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

As of December 31, 2019 34,967 members were utilizing the thrift savings and lending activities offered by the credit union.

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

Each member has one vote and every member can participate in the annual election of the governing body.

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

At any meeting the members (by one member, one vote) may decide on any matter of interest to the credit union and may overrule the governing body provided the notice of the meeting specifies the questions to be answered.

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

The Form 990 is prepared by an internal accountant and reviewed by the President/CEO.

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

Annually, Directors or Committee members are required to submit to the Georgia Department of Banking and Finance a CONFIDENTIAL REPORT FOR CREDIT UNION OFFICIALS which specifically addresses conflict of interest matters including business affiliations, pending litigations. criminal offense involving dishonesty or breach of trust and bankruptcy claims. Directors also renew their Oath of Office at each annual meeting.

Form 990, Part VI, Section B, Line 15

Compensation of CEO,EVP, CFO and all other management positions is subject to review and approval by a Board of Directors.

Form 990, Part VI, Section C, Line 18

Form 990 is made available for review on the Guidestar Non-Profit website and is also made available upon request.

Form 990, Part VI, Section C, Line 19

Financial Statements are reported quarterly to the National Credit Union Administration and are available to the public through the NCUA website. Annually, Board members complete and sign a Georgia Department of Banking & Finance "CONFIDENTIAL REPORT for CREDIT UNION OFFICIALS" which addresses areas of potential Conflict of Interest. Governing documents, conflict of interest policy and financial statements are also made available upon request.

Filing and Contact Details

Filer

Filer Name
Doco Credit Union
EIN
58-0830217
Phone
2294351715
Address
P O Box 71389, Albany, GA 31708

Signing Officer

Name
Barry Heape
Title
President/CEO
Phone
2294208246
Signed
2020-09-11

Organization Details

Principal Officer
Barry Heape
Formed
1959
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
104
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

The 2019 990-T will be filed before the extended deadline of November 15, 2020.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt4Senior Commercial Lender
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP Member Services
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP of Compliance
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP of Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chairman, Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice Chairman, Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary, Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer, Board of Directors
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt0166635
IRS990/InterestGrp/TotalAmt0927231
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IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01583783
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02366753
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02304086
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt05548882
IRS990/LandBldgEquipCostOrOtherBssAmt09465117
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt019824333
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IRS990/NetUnrlzdGainsLossesInvstAmt01882
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IRS990/OfficeExpensesGrp/TotalAmt0617067
IRS990/OfficerMailingAddressInd00
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IRS990/OtherAssetsTotalGrp/EOYAmt07140505
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0558294
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IRS990/OtherExpensesGrp/Desc1Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc2Provision for Loan Loss
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IRS990/OtherExpensesGrp/TotalAmt01621771
IRS990/OtherExpensesGrp/TotalAmt1552254
IRS990/OtherExpensesGrp/TotalAmt21809179
IRS990/OtherExpensesGrp/TotalAmt3167346
IRS990/OtherLiabilitiesGrp/BOYAmt0174012493
IRS990/OtherLiabilitiesGrp/EOYAmt0172338180
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IRS990/OtherSalariesAndWagesGrp/TotalAmt02889995
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0153508225
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0161504823
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0852945
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt03563508
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt085402
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0566982
IRS990/PrincipalOfficerNm0Barry Heape
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IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
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IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13742288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21669537
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13852491
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1110203
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt03960
IRS990/PYContributionsGrantsAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReconcilationRevenueExpnssAmt0-5485738
IRS990/RegularMonitoringEnfrcInd01
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt011517754
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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06372526
IRS990ScheduleD/EquipmentGrp/BookValueAmt0588232
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01148810
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
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IRS990ScheduleD/LandGrp/BookValueAmt01249082
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01249082
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
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IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0106467
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0172338180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members Shares and Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05548882
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt29047
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt39047
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt49047
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt66032
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt7399582
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt9143980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10123529
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt11121235
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt12120054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt13112995
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1490614
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1596319
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10

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