Civic Intelligence

Secme Inc

990 • Fiscal year 2016 • EIN 58-1375512

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

225 North Avenue NWAtlanta, GA 30332

(404) 894-3314

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

4th percentile

-97%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

91st percentile

$116,279

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 34.6% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

5th percentile

-36%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$874,016

Down $500,744 (-36%) from 2015

Net Assets

Down

$861,706

Down $325,302 (-27%) from 2015

Liabilities

Down

$12,310

Down $175,442 (-93%) from 2015

Revenue

Down

$336,416

Down $1,281,095 (-79%) from 2015

Expenses

Up

$661,718

Up $73,237 (+12%) from 2015

Net Income

Down

-$325,302

Down $1,354,332 (-132%) from 2015

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: $317,760Liabilities 2011: $128,413Net Assets 2011: $189,3472011Assets 2012: $309,671Liabilities 2012: $147,492Net Assets 2012: $162,1792012Assets 2013: $249,298Liabilities 2013: $153,001Net Assets 2013: $96,2972013Assets 2014: $352,476Liabilities 2014: $194,498Net Assets 2014: $157,9782014Assets 2015: $1,374,760Liabilities 2015: $187,752Net Assets 2015: $1,187,0082015Assets 2016: $874,016Liabilities 2016: $12,310Net Assets 2016: $861,7062016Assets 2017: $768,454Liabilities 2017: $89,056Net Assets 2017: $679,3982017Assets 2018: $493,645Liabilities 2018: $37,536Net Assets 2018: $456,1092018Assets 2019: $188,359Liabilities 2019: $52,650Net Assets 2019: $135,7092019Assets 2020: $128,152Liabilities 2020: $25,396Net Assets 2020: $102,7562020

Highlighted filing

2016

Assets$874,016
Liabilities$12,310
Net Assets$861,706

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $570,350Expenses 2011: $644,834Net Income 2011: -$74,4842011Expenses 2012: $682,3512012Expenses 2013: $756,1522013Revenue 2014: $720,851Expenses 2014: $659,170Net Income 2014: $61,6812014Revenue 2015: $1,617,511Expenses 2015: $588,481Net Income 2015: $1,029,0302015Revenue 2016: $336,416Expenses 2016: $661,718Net Income 2016: -$325,3022016Revenue 2017: $315,457Expenses 2017: $497,765Net Income 2017: -$182,3082017Revenue 2018: $218,904Expenses 2018: $442,193Net Income 2018: -$223,2892018Revenue 2019: $128,403Expenses 2019: $448,803Net Income 2019: -$320,4002019Revenue 2020: $254,532Expenses 2020: $287,485Net Income 2020: -$32,9532020

Highlighted filing

2016

Revenue$336,416
Expenses$661,718
Net Income-$325,302
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$336,416
Mission and Program Overview

Mission

To increase the pool of historically underrepresented and under-served students who will be prepared to enter and complete post-secondary studies in science, technology, engineering and mathematics (STEM); thus creating a diverse and globally competitive workforce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$750,000$750,000→ $0
Accounts Receivable$276,004$66,745▼ $209,259
Savings and Temporary Cash Investments$323,774$53,906▼ $269,868
Cash and Non-Interest-Bearing Accounts$19,598$0▼ $19,598
Land, Buildings, and Equipment, Net$5,384$3,365▼ $2,019
Total Assets$1,374,760$874,016▼ $500,744
Liabilities
Accounts Payable and Accrued Expenses$187,752$12,310▼ $175,442
Total Liabilities$187,752$12,310▼ $175,442
Net Assets / Fund Balance
Temporarily Rstr Net Assets$970,947$861,706▼ $109,241
Unrestricted Net Assets$216,061$0▼ $216,061
Total Net Assets Fund Balance$1,187,008$861,706▼ $325,302
Total Liabilities and Net Assets / Fund Balance$1,374,760$874,016▼ $500,744

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,365$65,785$69,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michele L WilliamsExecutive DirectorFT$89,513$26,766$116,279

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$272,964
Program Service Revenue
$58,622
Investment Income
$651
Other Revenue
$4,179
All Other Contributions
$82,777
Change in Net Assets
$-325,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$336,416
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$50,005
Total Revenue per Audited Statements
$386,421
Total Revenue per Form 990
$336,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$341,014
Salaries, Compensation, and Employee Benefits$280,224
Grants and Similar Amounts Paid$40,480
Total Fundraising Expense$29,372
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,891$41,313$3,223$127,427
Current Officers, Directors, Trustees, and Key Employees$63,585$9,084$18,167$90,836
Travel$66,715$990-$67,705
Other Employee Benefits$43,943$11,605$6,413$61,961
Grants to Domestic Orgs$31,480--$31,480
Fees for Services Other-$29,235-$29,235
All Other Expenses$12,809$14,453$277$27,539
Fees for Services Accounting-$13,000-$13,000
Office Expenses$10,123$1,359$1,292$12,774
Other Expenses$9,831--$9,831
Grants to Domestic Individuals$9,000--$9,000
Insurance-$2,821-$2,821
Depreciation Depletion-$2,019-$2,019
Total Functional Expenses$506,467$125,879$29,372$661,718

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$711,723
Expenses per Audited Statements$661,718
Total Expenses per Form 990$661,718
Expenses Not Reported on Form 990$50,005
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spring Independent School DistrictHouston, TX-Educational - Funding for Spring Isd Secme Program Implementation$20,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 11

Organization's process to review form 990 - the president of the organization has disbursed form 990 to all board members and all board members have reviewed and approved the form 990 prior to submitting the form to the irs. Form 990 - page 1, line 5: the organization's employees are paid through the university system that hosts the organization. The organization had 5 employees for fye 6/30/16, all of which were reported on the university's w-3 for calendar year 2015. Form 990 - part i, line 6 the number of volunteers is the number of individuals that provided support services for the organization's regional event and implementation guide.

Form 990, Part VI, Section B, Line 15

Compensation process for top officials the employees of secme, inc are paid through georgia institute of technology. The process of review and approval is subject to the regulations adhered to by the university. Compensation process for officers the employees of secme, inc are paid through georgia institute of technology. The process of review and approval is subject to the regulations adhered to by the university.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation - governing documents, policies and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Secme Inc
EIN
58-1375512
Phone
4048943314
Address
225 NORTH AVENUE NW, ATLANTA, GA 30332

Signing Officer

Name
Michele Williams
Title
Executive Director
Phone
4048943314
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Williams
Formed
1975
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
25

Preparer

Firm
Hancock Askew & Co Llp
Address
275 SCIENTIFIC DRIVE STE 2500, NORCROSS, GA 30092
Preparer
Anna J Davis
Phone
7702460793
Supplemental Narrative

Financial Statement Notes

Form 990, Part XII 2B

Secme, inc. Is exempt from income tax under internal revenue code section 501(c)(3). Therefore, no provision for income taxes is reflected in these financial statements. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain tax position that more likely than not would be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization and has concluded that as of june 30, 2016 there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization currently has no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2013.

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0250000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0250500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt02069479
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0272964
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01524230
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0608084
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0585328
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03607656
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0651
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0189
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0145
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt058622
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt091342
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0103656
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0178
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0232
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IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01750
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01142
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07071
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.44990
IRS990ScheduleA/PublicSupportPY509Pct00.41480
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01268325
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0321255
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0271588
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0267344
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02202991
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt029500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt06325
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt059255
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt021588
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt016844
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0133512
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0720706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0690092
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0653809
IRS990ScheduleA/Total509Grp/TotalAmt04011765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0336416
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01617511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0720851
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0690270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0655183
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04020231
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt050005
IRS990ScheduleD/DonatedServicesUseFcltsAmt050005
IRS990ScheduleD/EquipmentGrp/BookValueAmt03365
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065785
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt069150
IRS990ScheduleD/ExpensesNotReportedAmt050005
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0661718
IRS990ScheduleD/RevenueNotReportedAmt050005
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0336416
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SECME, INC. IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2016 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION CURRENTLY HAS NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART XII 2B
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0386421
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IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL - FUNDING FOR SPRING ISD SECME PROGRAM IMPLEMENTATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPRING INDEPENDENT SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt016717 ELLA BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077090
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT MONEY DISTRIBUTED DURING THE FISCAL YEAR WAS FREE OF RESTRICTIONS AND DID NOT REQUIRE FORMAL MONITORING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990 - THE PRESIDENT OF THE ORGANIZATION HAS DISBURSED FORM 990 TO ALL BOARD MEMBERS AND ALL BOARD MEMBERS HAVE REVIEWED AND APPROVED THE FORM 990 PRIOR TO SUBMITTING THE FORM TO THE IRS. FORM 990 - PAGE 1, LINE 5: THE ORGANIZATION'S EMPLOYEES ARE PAID THROUGH THE UNIVERSITY SYSTEM THAT HOSTS THE ORGANIZATION. THE ORGANIZATION HAD 5 EMPLOYEES FOR FYE 6/30/16, ALL OF WHICH WERE REPORTED ON THE UNIVERSITY'S W-3 FOR CALENDAR YEAR 2015. FORM 990 - PART I, LINE 6 THE NUMBER OF VOLUNTEERS IS THE NUMBER OF INDIVIDUALS THAT PROVIDED SUPPORT SERVICES FOR THE ORGANIZATION'S REGIONAL EVENT AND IMPLEMENTATION GUIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION PROCESS FOR TOP OFFICIALS THE EMPLOYEES OF SECME, INC ARE PAID THROUGH GEORGIA INSTITUTE OF TECHNOLOGY. THE PROCESS OF REVIEW AND APPROVAL IS SUBJECT TO THE REGULATIONS ADHERED TO BY THE UNIVERSITY. COMPENSATION PROCESS FOR OFFICERS THE EMPLOYEES OF SECME, INC ARE PAID THROUGH GEORGIA INSTITUTE OF TECHNOLOGY. THE PROCESS OF REVIEW AND APPROVAL IS SUBJECT TO THE REGULATIONS ADHERED TO BY THE UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - GOVERNING DOCUMENTS, POLICIES AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0874016
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0272964
IRS990/TotalEmployeeCnt00

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