Civic Intelligence

Art Papers Inc.

990 • Fiscal year 2014 • EIN 58-1404850

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 31, 2015

P O Box 5748Atlanta, GA 31107

(404) 588-1837

Siviq Scores

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

Liabilities / Assets

84th percentile

0.55x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.12x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

29th percentile

-4.3%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

5th percentile

-34%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

32nd percentile

-3.8%

Faster revenue growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$100,568

Down $50,900 (-34%) from 2013

Net Assets

Down

$45,257

Down $19,986 (-31%) from 2013

Liabilities

Down

$55,311

Down $30,914 (-36%) from 2013

Revenue

Down

$469,800

Down $18,695 (-3.8%) from 2013

Expenses

Up

$489,786

Up $58,482 (+14%) from 2013

Net Income

Down

-$19,986

Down $77,177 (-135%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $135,938Liabilities 2011: $109,017Net Assets 2011: $26,9212011Assets 2012: $135,569Liabilities 2012: $127,517Net Assets 2012: $8,0522012Assets 2013: $151,468Liabilities 2013: $86,225Net Assets 2013: $65,2432013Assets 2014: $100,568Liabilities 2014: $55,311Net Assets 2014: $45,2572014Assets 2015: $205,143Liabilities 2015: $38,074Net Assets 2015: $167,0692015Assets 2017: $80,211Liabilities 2017: $41,559Net Assets 2017: $38,6522017Assets 2018: $244,017Liabilities 2018: $77,770Net Assets 2018: $166,2472018Assets 2019: $162,392Liabilities 2019: $50,196Net Assets 2019: $112,1962019Assets 2020: $189,110Liabilities 2020: $79,347Net Assets 2020: $109,7632020Assets 2021: $150,288Liabilities 2021: $112,504Net Assets 2021: $37,7842021Assets 2022: $131,326Liabilities 2022: $120,958Net Assets 2022: $10,3682022Assets 2023: $106,811Liabilities 2023: $60,937Net Assets 2023: $45,8742023Assets 2024: $382,481Liabilities 2024: $113,926Net Assets 2024: $268,5552024

Highlighted filing

2014

Assets$100,568
Liabilities$55,311
Net Assets$45,257

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $579,195Expenses 2011: $582,310Net Income 2011: -$3,1152011Revenue 2012: $458,560Expenses 2012: $477,429Net Income 2012: -$18,8692012Revenue 2013: $488,495Expenses 2013: $431,304Net Income 2013: $57,1912013Revenue 2014: $469,800Expenses 2014: $489,786Net Income 2014: -$19,9862014Revenue 2015: $612,903Expenses 2015: $491,091Net Income 2015: $121,8122015Revenue 2017: $365,495Expenses 2017: $467,730Net Income 2017: -$102,2352017Revenue 2018: $542,181Expenses 2018: $418,336Net Income 2018: $123,8452018Revenue 2019: $326,803Expenses 2019: $380,854Net Income 2019: -$54,0512019Revenue 2020: $382,927Expenses 2020: $385,360Net Income 2020: -$2,4332020Revenue 2021: $354,741Expenses 2021: $426,720Net Income 2021: -$71,9792021Revenue 2022: $403,735Expenses 2022: $431,151Net Income 2022: -$27,4162022Revenue 2023: $433,236Expenses 2023: $397,730Net Income 2023: $35,5062023Revenue 2024: $456,124Expenses 2024: $233,443Net Income 2024: $222,6812024

Highlighted filing

2014

Revenue$469,800
Expenses$489,786
Net Income-$19,986
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 31, 2015
Return Version
2014v5.0
Gross Receipts
$609,695
Mission and Program Overview

Mission

Atlanta-based and globally engaged, art papers serves the creative community and the culturally curious by expanding the dialogue around contemporary art and culture, exploring the ways they affect and reflect human experience. We do this in print, online, and through public programming.

Art papers mission is to provide an independent and accessible forum for the exchange of perspectives on the role of contemporary art as a socially relevant and engaged discourse. This mission is implemented through the publication of art papers magazine and the presentation of public programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$64,033$28,362▼ $35,671
Land, Buildings, and Equipment, Net$28,128$25,354▼ $2,774
Accounts Receivable$15,371$17,650▲ $2,279
Pledges and Grants Receivable$20,000$5,000▼ $15,000
Total Assets$151,468$100,568▼ $50,900
Other Assets Total$23,936$24,202▲ $266
Liabilities
Accounts Payable and Accrued Expenses$25,266$37,142▲ $11,876
Deferred Revenue$14,461$13,169▼ $1,292
Other Liabilities$46,498$5,000▼ $41,498
Total Liabilities$86,225$55,311▼ $30,914
Net Assets / Fund Balance
Unrestricted Net Assets$65,243$45,257▼ $19,986
Total Net Assets Fund Balance$65,243$45,257▼ $19,986
Total Liabilities and Net Assets / Fund Balance$151,468$100,568▼ $50,900

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$20,315$19,001$39,316
Other Land Buildings$1,326$6,073$7,399
Equipment$3,713$2,171$5,884
Other Assets Org$24,202--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer WilliamsChairperson
Alexandra SachsBoard Member
Beth ThamesBoard Member
Craig DrennenBoard Member
Jenene NagyBoard Member
Joe PeragineBoard Member
Johnathan ShortBoard Member
Louise ShawBoard Member
Opal MooreBoard Member
Ryan GravelBoard Member
Sarah EmersonBoard Member
Suzanne ShawBoard Member
Susannah DarrowSecretary
VALARIE O'NEALTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$191,580
Program Service Revenue
$111,621
Investment Income
$144
Other Revenue
$166,455
All Other Contributions
$171,582
Change in Net Assets
$-19,986

Audited Revenue Reconciliation

Revenue per Audited Statements
$469,800
Revenue Not Reported on Form 990
$139,895
Total Revenue per Audited Statements
$609,695
Total Revenue per Form 990
$469,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$319,971
Salaries, Compensation, and Employee Benefits$169,815
Total Fundraising Expense$93,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,871$39,113$23,468$156,452
All Other Expenses$32,862$7,967$13,775$54,604
Other Expenses$7,332$8,001$2,093$17,426
Advertising-$15,534-$15,534
Fees for Services Other$14,201--$14,201
Insurance$8,166$3,403$2,042$13,611
Payroll Taxes$8,018$3,341$2,004$13,363
Occupancy$3,742$1,559$936$6,237
Travel$4,416$761-$5,177
Depreciation Depletion-$4,247-$4,247
Total Functional Expenses$312,663$83,926$93,197$489,786

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$629,681
Expenses per Audited Statements$489,786
Total Expenses per Form 990$489,786
Expenses Not Reported on Form 990$139,895
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$302,722
Fundraising Direct Expenses$139,895
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Auction$300,758$300,758$139,895$160,863
Total Events$300,758$300,758$139,895$160,863
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Govt Grant Revenue$5,000
Unearned Foundation Revenue-
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
No
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, Page 6, Part VI, Line 11B

Form 990 is reviewed by the executive director before it is submitted to the board for approval.

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

The board of directors is very conscious of conflict of interest as it helps to maintain the reputation of excellence and high standards. Board members remain well versed in policy protocol, and are conscious to bring the subject up at meetings.

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

The determination of compensation of the executive director is approved by the board. Subsequent annual performance reviews are conducted of the executive director by the board members. Any changes in compensation are discussed and approved by the executive committee as standard annual review procedures.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Art Papers Inc
EIN
58-1404850
Phone
4045881837
Address
P O BOX 5748, ATLANTA, GA 31107

Signing Officer

Name
Robert Brawner
Title
Treasurer
Phone
4045881837
Signed
2015-08-31

Organization Details

Principal Officer
VALERIE O'NEAL
Formed
1976
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
60

Preparer

Firm
Mckelvey and Russell LLC
Address
PO BOX 1026, DECATUR, GA 30031-1026
Preparer
Ron Russell
Phone
4043789077
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Art papers mission is to provide an independent and accessible forum for the exchange of perspectives on the role of contemporary art as a socially relevant and engaged discourse. This mission is implemented through the publication of art papers magazine and the presentation of public programs.

Form 990, Part IX, Line 24E

Credit card and bank char 5,419 929 7,323 event production 13,192 0 0 postage and shipping 7,210 3,004 1,802 computer and technology 2,813 1,242 703 telephone 2,517 1,049 629 production 0 0 2,750 office supplies 1,399 583 350 miscellaneous 312 440 218 bad debt 0 650 0 dues and subscriptions 0 70 0

Form 990, Part XI, Line 9

Fundraising expenses netted against fundraising revenue 139,895 fundraising expenses netted against fundraising revenue -139,895

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses netted against fundraising revenue 139,895

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses netted against fundraising revenue 139,895

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IRS990/OtherExpensesGrp/FundraisingAmt12093
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IRS990/PrincipalOfficerNm0VALERIE O'NEAL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541800
IRS990/ProgramServiceRevenueGrp/Desc0ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc1ELECTRONIC LICENSING
IRS990/ProgramServiceRevenueGrp/Desc2CIRCULATION SALES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt222391
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IRS990/PYOtherRevenueAmt0114754
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IRS990/PYSalariesCompEmpBnftPaidAmt0100509
IRS990/PYTotalExpensesAmt0431304
IRS990/PYTotalRevenueAmt0488495
IRS990/ReconcilationRevenueExpnssAmt0-19986
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0191580
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0246129
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0189967
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0485526
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0427727
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01540929
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt089
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt070
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0353885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0329272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0276291
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0193280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0190258
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01342986
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0144
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt089
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt055
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0678806
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0617985
IRS990ScheduleA/Total509Grp/TotalAmt02883915
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0545609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0575490
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0678999
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0618055
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02884466
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt02171
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IRS990ScheduleD/ExpensesNotReportedAmt0139895
IRS990ScheduleD/ExpensesSubtotalAmt0489786
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020315
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019001
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039316
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024202
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID EXPENSES
IRS990ScheduleD/OtherExpensesIncludedAmt0139895
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01326
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06073
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07399
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED GOVT GRANT REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED FOUNDATION REVENUE
IRS990ScheduleD/OtherRevenueAmt0139895
IRS990ScheduleD/RevenueNotReportedAmt0139895
IRS990ScheduleD/RevenueSubtotalAmt0469800
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE 139,895
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE 139,895
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt024202
IRS990ScheduleD/TotalExpensesPerForm990Amt0489786
IRS990ScheduleD/TotalLiabilityAmt05000
IRS990ScheduleD/TotalRevenuePerForm990Amt0469800
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0609695
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0629681
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0139895
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ART AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0300758
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0300758
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0300758
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0139895
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ART PAPERS MISSION IS TO PROVIDE AN INDEPENDENT AND ACCESSIBLE FORUM FOR THE EXCHANGE OF PERSPECTIVES ON THE ROLE OF CONTEMPORARY ART AS A SOCIALLY RELEVANT AND ENGAGED DISCOURSE. THIS MISSION IS IMPLEMENTED THROUGH THE PUBLICATION OF ART PAPERS MAGAZINE AND THE PRESENTATION OF PUBLIC PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE IT IS SUBMITTED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS VERY CONSCIOUS OF CONFLICT OF INTEREST AS IT HELPS TO MAINTAIN THE REPUTATION OF EXCELLENCE AND HIGH STANDARDS. BOARD MEMBERS REMAIN WELL VERSED IN POLICY PROTOCOL, AND ARE CONSCIOUS TO BRING THE SUBJECT UP AT MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DETERMINATION OF COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD. SUBSEQUENT ANNUAL PERFORMANCE REVIEWS ARE CONDUCTED OF THE EXECUTIVE DIRECTOR BY THE BOARD MEMBERS. ANY CHANGES IN COMPENSATION ARE DISCUSSED AND APPROVED BY THE EXECUTIVE COMMITTEE AS STANDARD ANNUAL REVIEW PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CREDIT CARD AND BANK CHAR 5,419 929 7,323 EVENT PRODUCTION 13,192 0 0 POSTAGE AND SHIPPING 7,210 3,004 1,802 COMPUTER AND TECHNOLOGY 2,813 1,242 703 TELEPHONE 2,517 1,049 629 PRODUCTION 0 0 2,750 OFFICE SUPPLIES 1,399 583 350 MISCELLANEOUS 312 440 218 BAD DEBT 0 650 0 DUES AND SUBSCRIPTIONS 0 70 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE 139,895 FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE -139,895
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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