Civic Intelligence

Dominion Resource Center Inc

990 • Fiscal year 2019 • EIN 65-1221448

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 05, 2020

9818 Liberty RoadRandallstown, MD 21133

(443) 570-4860

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.54x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.24x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

50th percentile

3.1%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$110,000

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

92nd percentile

57%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

53rd percentile

5.3%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Assets

Up

$1,658,989

Up $988,790 (+148%) from 2017

Net Assets

Up

$759,818

Up $508,384 (+202%) from 2017

Liabilities

Up

$899,171

Up $480,406 (+115%) from 2017

Revenue

Up

$3,769,168

Up $368,608 (+11%) from 2017

Expenses

Up

$3,652,650

Up $468,389 (+15%) from 2017

Net Income

Down

$116,518

Down $99,781 (-46%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2013: $71,884Liabilities 2013: $0Net Assets 2013: $71,8842013Assets 2014: $73,604Liabilities 2014: $223,259Net Assets 2014: -$149,6552014Assets 2015: $91,449Liabilities 2015: $184,143Net Assets 2015: -$92,6942015Assets 2016: $112,476Liabilities 2016: $167,089Net Assets 2016: -$54,6132016Assets 2017: $670,199Liabilities 2017: $418,765Net Assets 2017: $251,4342017Assets 2019: $1,658,989Liabilities 2019: $899,171Net Assets 2019: $759,8182019Assets 2020: $3,541,884Liabilities 2020: $1,865,309Net Assets 2020: $1,676,5752020Assets 2021: $6,198,352Liabilities 2021: $2,591,097Net Assets 2021: $3,607,2552021Assets 2022: $7,362,072Liabilities 2022: $2,120,982Net Assets 2022: $5,241,0902022Assets 2023: $10,058,640Liabilities 2023: $1,920,713Net Assets 2023: $8,137,9272023Assets 2024: $18,095,747Liabilities 2024: $6,630,576Net Assets 2024: $11,465,1712024Assets 2025: $18,759,008Liabilities 2025: $4,817,184Net Assets 2025: $13,941,8242025

Highlighted filing

2019

Assets$1,658,989
Liabilities$899,171
Net Assets$759,818

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $2,057,431Expenses 2013: $1,989,352Net Income 2013: $68,0792013Revenue 2014: $2,169,824Expenses 2014: $2,181,581Net Income 2014: -$11,7572014Revenue 2015: $1,961,221Expenses 2015: $1,980,641Net Income 2015: -$19,4202015Revenue 2016: $2,173,763Expenses 2016: $2,122,576Net Income 2016: $51,1872016Revenue 2017: $3,400,560Expenses 2017: $3,184,261Net Income 2017: $216,2992017Revenue 2019: $3,769,168Expenses 2019: $3,652,650Net Income 2019: $116,5182019Revenue 2020: $6,146,188Expenses 2020: $4,615,272Net Income 2020: $1,530,9162020Revenue 2021: $7,400,576Expenses 2021: $5,981,629Net Income 2021: $1,418,9472021Revenue 2022: $10,084,485Expenses 2022: $8,893,591Net Income 2022: $1,190,8942022Revenue 2023: $11,955,960Expenses 2023: $9,114,492Net Income 2023: $2,841,4682023Revenue 2024: $17,487,730Expenses 2024: $13,913,120Net Income 2024: $3,574,6102024Revenue 2025: $19,557,227Expenses 2025: $17,843,438Net Income 2025: $1,713,7892025

Highlighted filing

2019

Revenue$3,769,168
Expenses$3,652,650
Net Income$116,518
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 5, 2020
Return Version
2018v3.1
Gross Receipts
$3,769,168
Mission and Program Overview

Mission

Dominion Resource Center Inc was incorporated for the sole purpose of providing rehabilitation services to individuals with developmental and intectual disabilites in the State of Maryland.The organzation operated 13 homes serving a total of 200 clients.

Dominion Resource Center Inc was incorporated for the sole purpose of providing rehabilitation services to individuals with developmental and intectual disabilites in the State of Maryland

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$807,907$1,142,743▲ $334,836
Accounts Receivable$286,291$258,123▼ $28,168
Receivables From Officers Etc-$258,123-
Cash and Non-Interest-Bearing Accounts$11,751--
Total Assets$1,105,949$1,658,989▲ $553,040
Liabilities
Mortgage Notes Payable Secured by Investment Property$410,320$762,479▲ $352,159
Unsecured Notes Loans Payable$8,049$74,450▲ $66,401
Accounts Payable and Accrued Expenses$77,173$62,242▼ $14,931
Total Liabilities$495,542$899,171▲ $403,629
Net Assets / Fund Balance
Unrestricted Net Assets$610,407$759,818▲ $149,411
Total Net Assets Fund Balance$610,407$759,818▲ $149,411
Total Liabilities and Net Assets / Fund Balance$1,105,949$1,658,989▲ $553,040

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$471,756$44,244$151,500
Leasehold Improvements$171,600$112,880$102,796
Land$251,900-$58,400
Equipment$116,087$102,088$22,140
Other Land Buildings$131,400$74,385-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Felix OwolabiCEOFT$110,000$110,000
Margaret OwolabiProgram Director and ManagerFT$80,537$80,537

Board Members and Trustees

NameTitle
Floyd FowlkesDirector
Johnie ParrotDirector
Segun AfolabiDirector
Tunde OnafideDirector
Valencia Hagler BeyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,760,998
Investment Income
$0
Other Revenue
$8,170
Change in Net Assets
$116,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,173,073
Other Expenses$1,479,577
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,770,571$53,000-$1,823,571
All Other Expenses$285,735$80,911-$366,646
Fees for Services Other$287,628--$287,628
Occupancy$179,687$60,000-$239,687
Other Employee Benefits$24,667$176,635-$201,302
Fees for Services Management-$182,040-$182,040
Payroll Taxes$143,966$4,234-$148,200
Depreciation Depletion$93,009$28,672-$121,681
Fees for Services Accounting-$57,300-$57,300
Office Expenses-$50,260-$50,260
Interest$32,564--$32,564
Other Expenses$16,960$7,006-$23,966
Travel-$7,070-$7,070
Insurance-$2,767-$2,767
Total Functional Expenses$2,941,205$711,445$0$3,652,650
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$258,123-
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 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
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

The Program Director and Manager is related to the CEO and serves as the employee representative on the board. However has no voting rights and can not influence Board of Director decisions.

Form 990 governing body review Part VI line 11

The form 990 is presented to the Board for review, discussion and approval before filing

Conflict of interest policy compliance Part VI line 12C

The board of Directors are required to sign a Conflict of Interest policy statement upon appontment to the board.

CEO executive director top management comp Part VI line 15A

The Board of Directors review and approve the compensensation of the CEO and other key employees.

Other officer or key employee compensation Part VI line 15B

The compensation of key officers are determined by the board of directors after a survey of similar organizations.

Form 990 availability to public Part VI line 18

The Organizations audited financial statement is submitted annually to that regulating state of Maryland Agency and the tax returns are available to the puplic on request.

Governing documents etc available to public Part VI line 19

The minutes of the Board of Directors meetings are documented and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Dominion Resource Center Inc
EIN
65-1221448
Address
9818 LIBERTY ROAD, RANDALLSTOWN, MD 21133

Signing Officer

Name
Felix Owolabi
Title
CEO
Phone
4435704860
Signed
2020-02-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Felix Owolabi
Formed
2005
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
130
Volunteers
7

Preparer

Firm
John C Etoh CPA P C
Address
2112 N CHARLES STREET STE 203, Baltimore, MD 21218
Preparer
John C Etoh
Phone
4106859024
Supplemental Narrative

Additional Explanations

Amended return information

The return is ammended to correct the fiscal year error in the information previously reported. The fiscal year 2013 data was errorneously reported as fiscal year 2014 . This filing is also to provide information that were not included in the original filing. The Statement of Financial Position were incomplete and Schedule A was not included in the original filing.

Explanation of other changes in net assets or fund balances Part XI line 9

Adjustment for Capitalized assets

List of other fees for services expenses Part IX line 11G

see Accompaying Schedule

List of other expenses Part IX line 24E

See Accompaying Schedule

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IRS990/PYSalariesCompEmpBnftPaidAmt02207444
IRS990/PYTotalExpensesAmt03242096
IRS990/PYTotalRevenueAmt03703372
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0258123
IRS990/ReconcilationRevenueExpnssAmt0116518
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03760998
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt03752828
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt03668523
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt03394019
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt02713763
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt02144773
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt015673906
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08170
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt034849
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06541
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt025051
IRS990ScheduleA/OtherIncome170Grp/TotalAmt074611
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99530
IRS990ScheduleA/PublicSupportPY170Pct00.99530
IRS990ScheduleA/PublicSupportTotal170Amt015673906
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03752828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03668523
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03394019
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02713763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02144773
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015673906
IRS990ScheduleA/TotalSupportAmt015748517
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0471756
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044244
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0364500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0151500
IRS990ScheduleD/EquipmentGrp/BookValueAmt0116087
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0102088
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0196035
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022140
IRS990ScheduleD/LandGrp/BookValueAmt0251900
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0193500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt058400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0171600
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0112880
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0181684
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0102796
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0131400
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt074385
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0205785
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01142743
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0258123
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING COSTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0258123
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0FELIS OWOLABI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0258123
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is ammended to correct the fiscal year error in the information previously reported. The fiscal year 2013 data was errorneously reported as fiscal year 2014 . This filing is also to provide information that were not included in the original filing. The Statement of Financial Position were incomplete and Schedule A was not included in the original filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Program Director and Manager is related to the CEO and serves as the employee representative on the board. However has no voting rights and can not influence Board of Director decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The form 990 is presented to the Board for review, discussion and approval before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of Directors are required to sign a Conflict of Interest policy statement upon appontment to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors review and approve the compensensation of the CEO and other key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The compensation of key officers are determined by the board of directors after a survey of similar organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organizations audited financial statement is submitted annually to that regulating state of Maryland Agency and the tax returns are available to the puplic on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The minutes of the Board of Directors meetings are documented and are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Adjustment for Capitalized assets
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9see Accompaying Schedule
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10See Accompaying Schedule
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01105949
IRS990/TotalAssetsEOYAmt01658989
IRS990/TotalAssetsGrp/BOYAmt01105949
IRS990/TotalAssetsGrp/EOYAmt01658989
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt0130
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0711445
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02941205
IRS990/TotalFunctionalExpensesGrp/TotalAmt03652650
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0495542
IRS990/TotalLiabilitiesEOYAmt0899171
IRS990/TotalLiabilitiesGrp/BOYAmt0495542
IRS990/TotalLiabilitiesGrp/EOYAmt0899171
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0610407
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0759818
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02941205
IRS990/TotalProgramServiceRevenueAmt03760998
IRS990/TotalReportableCompFromOrgAmt0190537
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03769168
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03769168
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01105949
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01658989
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt07070
IRS990/TravelGrp/TotalAmt07070
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0610407
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0759818
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt08049
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt074450
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.dominionresource.net
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false

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