Civic Intelligence

Life Science Tennessee Inc

EIN 62-1776913 • 501(c)6 • Nashville, TN

Profile

To advance and grow the life science industry in tennessee through advocacy, partnerships, and alignment with economic and workforce development.

618 Church Street 210Nashville, TN 37219

www.lifesciencetn.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

20th percentile

-23%

Higher net margin than 20% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

18th percentile

-36%

Faster asset growth than 18% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

36%

Faster revenue growth than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$105,609

Down $59,756 (-36%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$105,609

Down $59,756 (-36%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin20th percentile

Revenue

Up

$258,278

Up $68,852 (+36%) from 2023

Expenses

Up

$318,034

Up $181,752 (+133%) from 2023

Net Income

Down

-$59,756

Down $112,900 (-212%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$200K$150K$100K$50K$0Assets 2010: $70,703Liabilities 2010: $11,6832010Assets 2011: $56,411Liabilities 2011: $1,1722011Assets 2012: $68,196Liabilities 2012: $34,063Net Assets 2012: $34,1332012Assets 2013: $72,642Liabilities 2013: $630Net Assets 2013: $72,0122013Assets 2014: $124,746Liabilities 2014: $0Net Assets 2014: $124,7462014Assets 2015: $148,058Liabilities 2015: $15,325Net Assets 2015: $132,7332015Assets 2016: $71,558Liabilities 2016: $0Net Assets 2016: $71,5582016Assets 2017: $68,955Liabilities 2017: $0Net Assets 2017: $68,9552017Assets 2018: $102,830Liabilities 2018: $0Net Assets 2018: $102,8302018Assets 2019: $63,107Liabilities 2019: $0Net Assets 2019: $63,1072019Assets 2020: $29,001Liabilities 2020: $0Net Assets 2020: $29,0012020Assets 2021: $109,572Liabilities 2021: $0Net Assets 2021: $109,5722021Assets 2022: $112,221Liabilities 2022: $0Net Assets 2022: $112,2212022Assets 2023: $165,365Liabilities 2023: $0Net Assets 2023: $165,3652023Assets 2024: $105,609Liabilities 2024: $0Net Assets 2024: $105,6092024

Highlighted filing

2024

Assets$105,609
Liabilities$0
Net Assets$105,609
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $197,456Expenses 2010: $184,299Net Income 2010: $13,1572010Revenue 2011: $173,385Expenses 2011: $177,166Net Income 2011: -$3,7812011Revenue 2012: $182,554Expenses 2012: $203,660Net Income 2012: -$21,1062012Revenue 2013: $178,905Expenses 2013: $141,026Net Income 2013: $37,8792013Revenue 2014: $261,074Expenses 2014: $208,340Net Income 2014: $52,7342014Revenue 2015: $273,029Expenses 2015: $265,042Net Income 2015: $7,9872015Revenue 2016: $233,446Expenses 2016: $248,864Net Income 2016: -$15,4182016Revenue 2017: $303,632Expenses 2017: $306,235Net Income 2017: -$2,6032017Revenue 2018: $328,966Expenses 2018: $295,091Net Income 2018: $33,8752018Revenue 2019: $280,044Expenses 2019: $319,767Net Income 2019: -$39,7232019Revenue 2020: $211,842Expenses 2020: $246,217Net Income 2020: -$34,3752020Revenue 2021: $287,328Expenses 2021: $206,757Net Income 2021: $80,5712021Revenue 2022: $222,888Expenses 2022: $220,239Net Income 2022: $2,6492022Revenue 2023: $189,426Expenses 2023: $136,282Net Income 2023: $53,1442023Revenue 2024: $258,278Expenses 2024: $318,034Net Income 2024: -$59,7562024

Highlighted filing

2024

Revenue$258,278
Expenses$318,034
Net Income-$59,756
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$105,609
Liabilities
$0
Net assets
$105,609
Revenue
$258,278
Expenses
$318,034
Net income
-$59,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$2.58$3.18$0.60
2023Summary only. Only limited summary data is available for this year.$1.65$0.00$1.65$1.89$1.36$0.53
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.12$2.23$2.20$0.03
2021Summary only. Only limited summary data is available for this year.$1.10$0.00$1.10$2.87$2.07$0.81
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$2.12$2.46$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.00$0.63$2.80$3.20$0.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.00$1.03$3.29$2.95$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$3.04$3.06$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.00$0.72$2.33$2.49$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.15$1.33$2.73$2.65$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$2.61$2.08$0.53
2013Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$1.79$1.41$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.34$0.34$1.83$2.04$0.21
2011Summary only. Only limited summary data is available for this year.$0.56$0.01$1.73$1.77$0.04
2010Summary only. Only limited summary data is available for this year.$0.71$0.12$1.97$1.84$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 28, 2025
Return Version
2024v5.2
Gross Receipts
$258,278
Mission and Program Overview

Mission

Life science tennessee is a statewide, non-profit, member organization whose mission is to advance and grow the life science industry in tennessee through advocacy, partnerships and alignment with economic and workforce development.

Promote life science industry through advocacy & alignment with economic & workforce development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$165,365$105,609▼ $59,756
Rtn Earn Endowment Incm Other Fnds$165,365$105,609▼ $59,756
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$165,365$105,609▼ $59,756
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$165,365$105,609▼ $59,756
Total Liabilities and Net Assets / Fund Balance$165,365$105,609▼ $59,756
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Kelly MullinsAdvocacy Chairman
Glenn PerdueChairman
Tom BallardEconomic Development Chair
Jenn AdamsVice Chairman
Brian LadenDirector
Dr Larry MarnettDirector
Elizabeth FoxDirector
Eric MayerDirector
Eva QuinleyDirector
Jessica TaveauDirector
John MartinDirector
Josh EckelberryDirector
Judy JenkinsDirector
Julie LampleyDirector
Kyle KamrathDirector
Maha KrishnamurthyDirector
Michael WernerDirector
Pete NelsonDirector
Rob ReadnourDirector
Shawn GlinterDirector
Abby TrotterExecutive Director
Kayla GraffSecretary
Hunter RostTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hall StrategiesAccounting/mgmt Services618 CHURCH STREET SUITE 210, Nashville, TN 37219$194,054
Revenue and Support

Revenue Composition

Contributions and Grants
$107,586
Program Service Revenue
$118,872
Investment Income
$0
Other Revenue
$31,820
All Other Contributions
$107,586
Change in Net Assets
$-59,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$318,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$180,669
Fees for Services Management---$97,500
Fees for Services Lobbying---$30,640
Advertising---$4,506
Travel---$2,614
Office Expenses---$2,105
Total Functional Expenses$0$0$0$318,034
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$58,782
Current Year Nondeductible Lobbying and Political Cost$30,640
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization utilizes and compensates hall strategies, llc, for management duties of the company, including the executive director.”

Form 990, Part VI, Section A, Line 6

“The board is elected by our membership at the annual meeting, which is always q4 of the current year.”

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

“The current board, through a nominating committee process, puts a slate of officers for the next year to the members.”

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

“A draft copy of the entire form 990 will be distributed to all members of the governing board before it is filed with the irs.”

Form 990, Part VI, Section C, Line 19

“The board and management of life science tennessee, inc., believe the organization should operate in a transparent manner. Governing documents, conflict of interest statements, and financial statements are available to the public on www.givingmatters.com, and through sending materials out upon request, both electronically and through the u.s. Post office.”

Form 990, Part VII, Section B

“The organization paid hall strategies $97,500 for association management services. The other $96,554 was paid as a reimbursement of expenses and not for services.”

Filing and Contact Details

Filer

Filer Name
Life Science Tennessee Inc
EIN
62-1776913
Phone
6152428856
Address
618 CHURCH STREET 210, NASHVILLE, TN 37219

Signing Officer

Name
Hunter Rost
Title
Treasurer
Phone
6152428856
Signed
2025-07-28
Discuss with paid preparer
No

Organization Details

Principal Officer
Abby Trotter
Formed
2001
Legal Domicile
Tn
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
22

Preparer

Firm
Kraftcpas Pllc
Address
555 GREAT CIRCLE ROAD, NASHVILLE, TN 37228
Preparer
Frances E Leahy
Phone
6152427351
Raw XML AppendixShowing 400 of 433 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTE LIFE SCIENCE INDUSTRY THROUGH ADVOCACY & ALIGNMENT WITH ECONOMIC & WORKFORCE DEVELOPMENT.
IRS990/AdvertisingGrp/TotalAmt04506
IRS990/AllOtherContributionsAmt0107586
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HALL STRATEGIES LLC
IRS990/BooksInCareOfDetail/PhoneNum06152428856
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0618 CHURCH STREET STE 210
IRS990/BooksInCareOfDetail/USAddress/CityNm0NASHVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd037219
IRS990/BusinessRlnWith35CtrlEntInd00
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IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0165365
IRS990/CashNonInterestBearingGrp/EOYAmt0105609
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0194054
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IRS990/ContractorCompensationGrp/ServicesDesc0ACCOUNTING/MGMT SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0107586
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0318034
IRS990/CYOtherRevenueAmt031820
IRS990/CYProgramServiceRevenueAmt0118872
IRS990/CYRevenuesLessExpensesAmt0-59756
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IRS990/DecisionsSubjectToApprovaInd00
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IRS990/Desc0REPRESENTATIVES ATTEND LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL CONFERENCES, SEMINARS AND MEETINGS TO DISCUSS POLICY ISSUES AND OPPORTUNITIES COMMON TO THE BIOTECHNOLOGY AND MEDTECH INDUSTRY.
IRS990/DescribedInSection501c3Ind00
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IRS990/DonorAdvisedFundInd00
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IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLobbyingGrp/TotalAmt030640
IRS990/FeesForServicesManagementGrp/TotalAmt097500
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm20ROB READNOUR
IRS990/Form990PartVIISectionAGrp/PersonNm21SHAWN GLINTER
IRS990/Form990PartVIISectionAGrp/PersonNm22ABBY TROTTER
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4ECONOMIC DEVELOPMENT CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ADVOCACY CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
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IRS990/MissionDesc0LIFE SCIENCE TENNESSEE IS A STATEWIDE, NON-PROFIT, MEMBER ORGANIZATION WHOSE MISSION IS TO ADVANCE AND GROW THE LIFE SCIENCE INDUSTRY IN TENNESSEE THROUGH ADVOCACY, PARTNERSHIPS AND ALIGNMENT WITH ECONOMIC AND WORKFORCE DEVELOPMENT.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION SPONSORS TWO OR MORE MEMBERSHIP MEETINGS ANNUALLY AT WHICH MEMBERS DISCUSS ISSUES AND OPPORTUNITIES COMMON TO THE BIOTECHNOLOGY AND MEDTECH INDUSTRY.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION PROVIDES MEMBERS WITH INFORMATION RELEVANT TO THE INDUSTRY THROUGH NEWSLETTERS, ETC. APPROXIMATELY 50 NEWSLETTERS ARE PUBLISHED ANNUALLY. IN ADDITION, LIFE SCIENCE TENNESSEE, INC. OPERATES A MENTOR NETWORK PROGRAM AND LOCAL AND REGIONAL ACADEMIC ALLIANCE EVENTS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0LIFE SCIENCE TENNESSEE HAS A MISSION TO EDUCATE AND ADVOCATE ON BEHALF OF THE INDUSTRY. ONCE A YEAR, LIFE SCIENCE TENESSEE MEMBERS GATHER ON A SINGLE DAY IN NASHVILLE FOR OUR ANNUAL "DAY ON THE HILL" WHERE MEMBERS MEET ONE-ON-ONE IN THE OFFICES OF STATE LEGISLATORS DISCUSSING THE INDUSTRY, THE OPPORTUNITIES FOR GROWTH OF THE INDUSTRY IN TENNESSEE AS WELL AS POLICY ISSUES OR OPPORTUNITIES THAT ARE IMPORTANT TO INDUSTRY GROWTH. FOR THIS DAY, MATERIALS ARE PRINTED THAT OUTLINE THE LIFE SCIENCE INDUSTRY IN TENNESSEE AND A RECEPTION IS HELD WHERE ALL LEGISLATORS ARE INVITED. IN ADDITION LIFE SCIENCE OF TENNESSEE SPONSORS A A FEDERAL "DAY ON THE HILL".
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UTILIZES AND COMPENSATES HALL STRATEGIES, LLC, FOR MANAGEMENT DUTIES OF THE COMPANY, INCLUDING THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS ELECTED BY OUR MEMBERSHIP AT THE ANNUAL MEETING, WHICH IS ALWAYS Q4 OF THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CURRENT BOARD, THROUGH A NOMINATING COMMITTEE PROCESS, PUTS A SLATE OF OFFICERS FOR THE NEXT YEAR TO THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF THE ENTIRE FORM 990 WILL BE DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BOARD BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD AND MANAGEMENT OF LIFE SCIENCE TENNESSEE, INC., BELIEVE THE ORGANIZATION SHOULD OPERATE IN A TRANSPARENT MANNER. GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON WWW.GIVINGMATTERS.COM, AND THROUGH SENDING MATERIALS OUT UPON REQUEST, BOTH ELECTRONICALLY AND THROUGH THE U.S. POST OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION PAID HALL STRATEGIES $97,500 FOR ASSOCIATION MANAGEMENT SERVICES. THE OTHER $96,554 WAS PAID AS A REIMBURSEMENT OF EXPENSES AND NOT FOR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION B
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