Civic Intelligence

Project Hope Foundation Inc.

990 • Fiscal year 2022 • EIN 58-2324540

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 16, 2023

Pmb 358suite 2100 2131 Woodruff RdGreenville, SC 29607

(864) 676-0028

Siviq Scores

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

Liabilities / Assets

59th percentile

0.25x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

0.26x

Higher debt load relative to revenue than 54% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

36th percentile

1.5%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

20th percentile

$90,867

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

59th percentile

3.8%

Faster asset growth than 59% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

8.0%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$12,616,090

Up $460,412 (+3.8%) from 2021

Net Assets

Up

$9,425,095

Up $177,348 (+1.9%) from 2021

Liabilities

Up

$3,190,995

Up $283,064 (+9.7%) from 2021

Revenue

Up

$12,086,065

Up $894,497 (+8.0%) from 2021

Expenses

Up

$11,907,253

Up $606,941 (+5.4%) from 2021

Net Income

Up

$178,812

Up $287,556 (+264%) from 2021

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $526,369Liabilities 2011: $188,738Net Assets 2011: $337,6312011Assets 2012: $722,702Liabilities 2012: $310,105Net Assets 2012: $412,5972012Assets 2013: $945,684Liabilities 2013: $561,296Net Assets 2013: $384,3882013Assets 2014: $1,162,950Liabilities 2014: $493,522Net Assets 2014: $669,4282014Assets 2016: $4,632,419Liabilities 2016: $1,987,985Net Assets 2016: $2,644,4342016Assets 2017: $6,222,130Liabilities 2017: $2,739,993Net Assets 2017: $3,482,1372017Assets 2018: $8,048,883Liabilities 2018: $3,924,154Net Assets 2018: $4,124,7292018Assets 2019: $7,835,145Liabilities 2019: $4,065,950Net Assets 2019: $3,769,1952019Assets 2020: $12,106,368Liabilities 2020: $2,828,608Net Assets 2020: $9,277,7602020Assets 2021: $12,155,678Liabilities 2021: $2,907,931Net Assets 2021: $9,247,7472021Assets 2022: $12,616,090Liabilities 2022: $3,190,995Net Assets 2022: $9,425,0952022Assets 2023: $13,087,507Liabilities 2023: $3,602,342Net Assets 2023: $9,485,1652023Assets 2024: $17,100,997Liabilities 2024: $7,050,893Net Assets 2024: $10,050,1042024

Highlighted filing

2022

Assets$12,616,090
Liabilities$3,190,995
Net Assets$9,425,095

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,211,887Expenses 2011: $2,156,303Net Income 2011: $55,5842011Revenue 2012: $2,535,494Expenses 2012: $2,460,528Net Income 2012: $74,9662012Revenue 2013: $2,804,086Expenses 2013: $2,851,795Net Income 2013: -$47,7092013Revenue 2014: $3,595,010Expenses 2014: $3,333,227Net Income 2014: $261,7832014Revenue 2016: $7,714,490Expenses 2016: $6,097,073Net Income 2016: $1,617,4172016Revenue 2017: $8,174,799Expenses 2017: $7,364,988Net Income 2017: $809,8112017Revenue 2018: $9,062,552Expenses 2018: $8,437,863Net Income 2018: $624,6892018Revenue 2019: $9,370,469Expenses 2019: $9,717,221Net Income 2019: -$346,7522019Revenue 2020: $16,228,934Expenses 2020: $10,730,905Net Income 2020: $5,498,0292020Revenue 2021: $11,191,568Expenses 2021: $11,300,312Net Income 2021: -$108,7442021Revenue 2022: $12,086,065Expenses 2022: $11,907,253Net Income 2022: $178,8122022Revenue 2023: $14,349,204Expenses 2023: $14,289,134Net Income 2023: $60,0702023Revenue 2024: $19,217,816Expenses 2024: $18,652,877Net Income 2024: $564,9392024

Highlighted filing

2022

Revenue$12,086,065
Expenses$11,907,253
Net Income$178,812
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 16, 2023
Return Version
2021v4.0
Gross Receipts
$12,247,756
Mission and Program Overview

Mission

Project hope foundation provides a lifespan of autism services through its nine programs that focus on individual, group, classroom, and community education. Its mission is to help families, open minds, promote inclusion, and expand potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,418,307$9,331,096▼ $87,211
Cash and Non-Interest-Bearing Accounts$1,588,025$2,216,729▲ $628,704
Accounts Receivable$615,534$670,129▲ $54,595
Investments in Publicly Traded Securities$423,259$355,636▼ $67,623
Loans From Officers Directors$269,740--
Pledges and Grants Receivable$105,553$37,500▼ $68,053
Prepaid Expenses and Deferred Charges$5,000$5,000→ $0
Total Assets$12,155,678$12,616,090▲ $460,412
Liabilities
Accounts Payable and Accrued Expenses$1,255,505$1,705,544▲ $450,039
Unsecured Notes Loans Payable$960,847$1,185,224▲ $224,377
Deferred Revenue$414,443$298,296▼ $116,147
Other Liabilities$7,396$1,931▼ $5,465
Total Liabilities$2,907,931$3,190,995▲ $283,064
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,485,082$9,107,875▲ $622,793
Net Assets With Donor Restrictions$762,665$317,220▼ $445,445
Total Net Assets Fund Balance$9,247,747$9,425,095▲ $177,348
Total Liabilities and Net Assets / Fund Balance$12,155,678$12,616,090▲ $460,412

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,865,315$421,764$7,287,079
Equipment$960,816$490,693$1,451,509
Land$956,967-$956,967
Leasehold Improvements$547,998$369,960$917,958
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa LaneExecutive DiFT$90,867$90,867
Susan SachsExecutive DiFT$89,540$89,540

Board Members and Trustees

NameTitle
Joe VaughnChair
Kelly FairbairnVice-chair
Kristin BennettBoard Member
Linda DolnyBoard Member
Stephanie MartinBoard Member
Doug HayesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,612,514
Program Service Revenue
$9,270,226
Investment Income
$1,464
Other Revenue
$1,201,861
All Other Contributions
$1,580,937
Change in Net Assets
$178,812

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,086,065
Total Revenue per Audited Statements
$12,086,065
Total Revenue per Form 990
$12,086,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,328,304
Other Expenses$1,578,949
Total Fundraising Expense$50,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,640,502$507,395-$10,147,897
Depreciation Depletion$310,643--$310,643
Occupancy$221,327--$221,327
All Other Expenses$134,430$8,705$50,324$193,459
Current Officers, Directors, Trustees, and Key Employees$171,387$9,020-$180,407
Insurance$103,733--$103,733
Fees for Service Investment Mgmnt Fees$66,114--$66,114
Other Expenses$65,184--$65,184
Interest-$42,252-$42,252
Total Functional Expenses$11,289,557$567,372$50,324$11,907,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,907,253
Total Expenses per Audited Statements$11,907,253
Total Expenses per Form 990$11,907,253
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,361,516
Fundraising Direct Expenses$159,655
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Eoh Banquet$1,273,790$1,273,790$159,494$1,114,296
Play It Forward$50,228$50,228-$50,228
Total Events$1,361,516$1,361,516$159,494$1,202,022
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$269,740--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$1,931
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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, Page 6, Part VI, Line 11B

The board of directors reviews the 990 before final submission.

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

The compensation process requires board review and approval.

Form 990, Page 6, Part VI, Line 19

Financial statements and other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Project Hope Foundation Inc
EIN
58-2324540
Phone
8646760028
Address
PMB 358SUITE 2100 2131 WOODRUFF RD, GREENVILLE, SC 29607

Signing Officer

Name
Susan Sachs
Title
Executive Director
Phone
8643134413
Signed
2023-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Sachs
Formed
1997
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
363
Volunteers
142

Preparer

Firm
Mckinley Cooper & Co LLC
Address
777 LOWNDES HILL RD BLDG 3 STE 225, GREENVILLE, SC 29607-2131
Preparer
Toni R Mckinley
Phone
8642331800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Project hope foundation provides a lifespan of autism services through its nine programs that focus on individual, group, classroom, and community education. Its mission is to help families, open minds, promote inclusion, and expand potential.

Form 990, Part XI, Line 9

To adjust to prior period values

Financial Statement Notes

Schedule D, Page 3, Part X

The organization recognizes the tax benefits from uncertain tax positions only if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The organization's income tax filings are subject to audit by various taxing authorities. Management believes the adoption of asc 740-10 resulted in no significant impact to the organization's financial statements.

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IRS990/OtherExpensesGrp/TotalAmt0269342
IRS990/OtherExpensesGrp/TotalAmt1213875
IRS990/OtherExpensesGrp/TotalAmt293020
IRS990/OtherExpensesGrp/TotalAmt365184
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IRS990/ProgramServiceRevenueGrp/Desc0INSURANCE/MEDICAID
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION/TUITION
IRS990/ProgramServiceRevenueGrp/Desc2ADULT PROGRAM PRINT BUSINESS
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IRS990/ProgSrvcAccomActy2Grp/Desc0TO OPEN MINDS AND EXPAND POTENTIAL, WE PROVIDE 25-40 HOURS PER WEEK OF INTENSIVE ONE-ON-ONE EDUCATION IN OUR HOPE REACH PROGRAM. USING APPLIED BEHAVIOR ANALYSIS (ABA) TECHNIQUES, STRATEGIES, AND STRUCTURES, WE FOCUS ON LANGUAGE, BEHAVIORAL, SOCIAL, AND COGNITIVE SKILLS DESIGNED TO HELP CHILDREN TO MAXIMIZE THEIR POTENTIAL. HOPE REACH PROVIDES THESE SERVICES TO ABOUT 135 CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09031646
IRS990/ProgSrvcAccomActy3Grp/Desc0THROUGH OUR SUPPORT PROGRAMS, WE EDUCATE FAMILIES, CAREGIVERS, AND THE COMMUNITY ON HOW TO IDENTIFY AUTISM, HOW TO MOST EFFECTIVELY COPE WITH THE CHALLENGES OF AUTISM, AND HOW TO FACILITATE THE INCLUSION OF INDIVIDUALS WITH AUTISM. THROUGH OUR YOUTH AND ADULT EDUCATION PROGRAMS, WE TARGET FUNCTIONAL ACADEMIC SKILLS, EXPAND LIFE SKILLS, DEVELOP BROADER INTERESTS, FACILITATE VOCATIONAL SKILLS AND OPPORTUNITES, AND PROVIDE ACCESS TO A BROADER RANGE OF LIFE EXPERIENCES. THESE PROGRAMS SUPPORT ALL ASPECTS OF OUR MISSION TO HELP FAMILIES, OPEN MINDS, PROMOTE INCLUSION, AND EXPAND POTENTIAL.
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IRS990/PYSalariesCompEmpBnftPaidAmt09715466
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IRS990/PYTotalRevenueAmt011191568
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt03,629,399
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06899
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt037283
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0152350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0601140
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0909768
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03629399
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IRS990ScheduleA/PublicSupportPY170Pct00.86600
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01086111
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01346388
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014859750
IRS990ScheduleA/TotalSupportAmt018526432
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IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt02805
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt0158965
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt0158965
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt0158965
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0635861
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0635861
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt01907583
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt0935
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt0935
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IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt02805
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IRS990ScheduleD/BuildingsGrp/BookValueAmt06865315
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0490693
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0956967
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. MANAGEMENT BELIEVES THE ADOPTION OF ASC 740-10 RESULTED IN NO SIGNIFICANT IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalLiabilityAmt01931
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES FUNDS FROM THE SOUTH CAROLINA DEPARTMENT OF DISABILITIES AND SPECIAL NEEDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EOH BANQUET
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PLAY IT FORWARD
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt050228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt037498
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01273790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt050228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt037498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01361516
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01202022
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0159494
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0159494
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROJECT HOPE FOUNDATION PROVIDES A LIFESPAN OF AUTISM SERVICES THROUGH ITS NINE PROGRAMS THAT FOCUS ON INDIVIDUAL, GROUP, CLASSROOM, AND COMMUNITY EDUCATION. ITS MISSION IS TO HELP FAMILIES, OPEN MINDS, PROMOTE INCLUSION, AND EXPAND POTENTIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE 990 BEFORE FINAL SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION PROCESS REQUIRES BOARD REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO ADJUST TO PRIOR PERIOD VALUES
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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