Civic Intelligence

Argyle Water Supply Corporation

EIN 75-1151768 • 501(c)12 • Argyle, TX

Profile

Argyle water supply is a retail public water utility serving residents of argyle, texas and surrounding areas.

PO Box 249Argyle, TX 76226

www.argylewater.com

Siviq Scores

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

Liabilities / Assets

4th percentile

0.03x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.16x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Net Margin

90th percentile

34%

Higher net margin than 90% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$140,313

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

$25M-$50M nonprofits • Source year 2024

Asset Growth

86th percentile

11%

Faster asset growth than 86% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

17%

Faster revenue growth than 86% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$36,352,954

Up $3,632,538 (+11%) from 2023

Liabilities

Down

$1,257,797

Down $350,240 (-22%) from 2023

Net Assets

Up

$35,095,157

Up $3,982,778 (+13%) from 2023

Revenue

Up

$7,798,758

Up $1,104,585 (+17%) from 2023

Expenses

Up

$5,174,100

Up $561,551 (+12%) from 2023

Net Income

Up

$2,624,658

Up $543,034 (+26%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $9,386,398Liabilities 2011: $2,090,683Net Assets 2011: $7,295,7152011Assets 2012: $9,757,423Liabilities 2012: $2,010,095Net Assets 2012: $7,747,3282012Assets 2013: $10,055,262Liabilities 2013: $1,859,448Net Assets 2013: $8,195,8142013Assets 2014: $10,475,328Liabilities 2014: $1,787,653Net Assets 2014: $8,687,6752014Assets 2015: $10,753,955Liabilities 2015: $1,607,118Net Assets 2015: $9,146,8372015Assets 2016: $10,366,339Liabilities 2016: $1,409,501Net Assets 2016: $8,956,8382016Assets 2017: $12,935,929Liabilities 2017: $1,298,624Net Assets 2017: $11,637,3052017Assets 2018: $15,720,236Liabilities 2018: $1,615,776Net Assets 2018: $14,104,4602018Assets 2019: $16,800,213Liabilities 2019: $1,228,833Net Assets 2019: $15,571,3802019Assets 2020: $18,432,016Liabilities 2020: $1,308,347Net Assets 2020: $17,123,6692020Assets 2021: $26,125,851Liabilities 2021: $895,860Net Assets 2021: $25,229,9912021Assets 2022: $29,365,727Liabilities 2022: $911,219Net Assets 2022: $28,454,5082022Assets 2023: $32,720,416Liabilities 2023: $1,608,037Net Assets 2023: $31,112,3792023Assets 2024: $36,352,954Liabilities 2024: $1,257,797Net Assets 2024: $35,095,1572024

Highlighted filing

2024

Assets$36,352,954
Liabilities$1,257,797
Net Assets$35,095,157

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $2,539,0782011Expenses 2012: $2,397,4262012Revenue 2013: $2,958,868Expenses 2013: $2,517,882Net Income 2013: $440,9862013Revenue 2014: $2,805,084Expenses 2014: $2,535,694Net Income 2014: $269,3902014Revenue 2015: $2,932,641Expenses 2015: $2,860,879Net Income 2015: $71,7622015Revenue 2016: $2,624,323Expenses 2016: $3,057,649Net Income 2016: -$433,3262016Revenue 2017: $5,143,670Expenses 2017: $3,142,985Net Income 2017: $2,000,6852017Revenue 2018: $3,784,491Expenses 2018: $3,372,793Net Income 2018: $411,6982018Revenue 2019: $3,926,408Expenses 2019: $3,500,305Net Income 2019: $426,1032019Revenue 2020: $4,479,564Expenses 2020: $3,478,382Net Income 2020: $1,001,1822020Revenue 2021: $9,270,450Expenses 2021: $3,669,140Net Income 2021: $5,601,3102021Revenue 2022: $6,484,159Expenses 2022: $5,461,661Net Income 2022: $1,022,4982022Revenue 2023: $6,694,173Expenses 2023: $4,612,549Net Income 2023: $2,081,6242023Revenue 2024: $7,798,758Expenses 2024: $5,174,100Net Income 2024: $2,624,6582024

Highlighted filing

2024

Revenue$7,798,758
Expenses$5,174,100
Net Income$2,624,658

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$1.26$35.1$7.80$5.17$2.62
2023Summary only. Only limited summary data is available for this year.$32.7$1.61$31.1$6.69$4.61$2.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$0.91$28.5$6.48$5.46$1.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.1$0.90$25.2$9.27$3.67$5.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$1.31$17.1$4.48$3.48$1.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$1.23$15.6$3.93$3.50$0.43
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$1.62$14.1$3.78$3.37$0.41
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$1.30$11.6$5.14$3.14$2.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$1.41$8.96$2.62$3.06$0.43
2015Detailed filing. Detailed filing data is available for this year.$10.8$1.61$9.15$2.93$2.86$0.07
2014Detailed filing. Detailed filing data is available for this year.$10.5$1.79$8.69$2.81$2.54$0.27
2013Detailed filing. Detailed filing data is available for this year.$10.1$1.86$8.20$2.96$2.52$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.76$2.01$7.75$2.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.39$2.09$7.30$2.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 17, 2025
Return Version
2024v5.1
Gross Receipts
$7,798,758
Mission and Program Overview

Mission

Argyle water supply is a retail public water utility serving residents of argyle, texas and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$19,757,338$22,319,871▲ $2,562,533
Land, Buildings, and Equipment, Net$19,462,523$21,065,561▲ $1,603,038
Savings and Temporary Cash Investments$12,619,773$14,541,170▲ $1,921,397
Pd in Cap Srpls Land Bldg Eqp Fund$10,735,566$12,093,686▲ $1,358,120
Cap Stk Tr Prin Current Funds$619,475$681,600▲ $62,125
Accounts Receivable$568,574$644,407▲ $75,833
Inventories for Sale or Use$62,639$88,481▲ $25,842
Receivables From Officers Etc-$5,500-
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$32,720,416$36,352,954▲ $3,632,538
Other Assets Total$6,607$7,535▲ $928
Liabilities
Other Liabilities$815,048$496,642▼ $318,406
Mortgage Notes Payable Secured by Investment Property$327,707$445,580▲ $117,873
Accounts Payable and Accrued Expenses$465,282$315,575▼ $149,707
Total Liabilities$1,608,037$1,257,797▼ $350,240
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,112,379$35,095,157▲ $3,982,778
Total Liabilities and Net Assets / Fund Balance$32,720,416$36,352,954▲ $3,632,538

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,611,691$9,246,403$28,858,094
Equipment$446,089$394,579$840,668
Buildings$493,844$315,914$809,758
Land$513,937-$513,937
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike QuinteroManagerFT$133,656$6,657$140,313

Board Members and Trustees

NameTitle
Al DourgarianPresident
Jon DonahueVice President
Charles BeaversDirector
Dick ShepherdDirector
James SewellDirector
Robert HawkDirector
Pam BatsonSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,333,476
Investment Income
$453,375
Other Revenue
$11,907
Change in Net Assets
$2,624,658

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$1,271,385Developer Contract
Other Non Cash Contri Table1$30,750Developer Contract
Other Non Cash Contri Table1$8,250Developer Contract
Other Non Cash Contri Table1$8,250Developer Contract
Total Noncash Contributions4$1,318,635-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,736,633
Revenue Not Reported on Financial Statements
$62,125
Other Revenue Adjustments
$62,125
Total Revenue per Audited Statements
$7,736,633
Total Revenue per Form 990
$7,798,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,239,400
Salaries, Compensation, and Employee Benefits$934,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$734,107
Other Salaries and Wages---$557,422
All Other Expenses---$426,260
Other Expenses---$347,882
Other Employee Benefits---$183,974
Current Officers, Directors, Trustees, and Key Employees---$140,313
Insurance---$57,396
Payroll Taxes---$52,991
Fees for Services Other---$48,050
Interest---$19,576
Office Expenses---$16,737
Fees for Services Legal---$1,017
Total Functional Expenses$0$0$0$5,174,100

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,174,100
Total Expenses per Audited Statements$5,174,100
Total Expenses per Form 990$5,174,100
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$5,500-
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
City of Argyle Payable$370,134
Customer Deposits$62,958
Franchise Fees Pble - Argyle$34,560
State Reg. Fee Payable$21,841
Payroll Accrual$5,533
Franchise Fees Pble - Bartonville$1,715
Futa Tax Payable$586
Twc Taxes Payable$-685
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 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
Yes
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, Part VI, Section A, Line 6

Argyle water supply corporation is a member-owned corporation.

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

Manager reviews cpa-prepared form 990 before filing.

Form 990, Part VI, Section B, Line 12C

Manager monitors and enforces compliance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

Argyle water supply's board of directors review and approve all compensation.

Form 990, Part VI, Section B, Line 15B

Argyle water supply's board of directors review and approve all compensation.

Form 990, Part VI, Section C, Line 19

Argyle water supply complies with open meetings and open records act. Upon request, a copy of the form 990 is given.

Filing and Contact Details

Filer

Filer Name
Argyle Water Supply Corporation
EIN
75-1151768
Phone
9404647713
Address
PO BOX 249, ARGYLE, TX 76226

Signing Officer

Name
Mike Quintero
Title
Manager
Signed
2025-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Al Dourgarian
Formed
1963
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
15

Preparer

Firm
Howe & Springer
Address
419 S CARROLL BLVD, DENTON, TX 76201
Preparer
Jan Burns Springer CPA
Phone
9403876174
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Contributions in aid of construction = $1358120

Statement Note 1

Non-cash contributions included on schedule m are not reflected within the statement of revenue. They are fixed asset contributions by developers and members and are properly reflected on the balance sheet as fixed assets.

Financial Statement Notes

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

MEMBERS' EQUITY $62125

Raw XML AppendixShowing 400 of 458 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/Form990PartVIISectionAGrp/TitleTxt1Vice President
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IRS990/MissionDesc0ARGYLE WATER SUPPLY IS A RETAIL PUBLIC WATER UTILITY SERVING RESIDENTS OF ARGYLE, TEXAS AND SURROUNDING AREAS.
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IRS990/OtherExpensesGrp/Desc0UPPER TRINITY CHARGES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3ELECTRICITY
IRS990/OtherExpensesGrp/TotalAmt01741003
IRS990/OtherExpensesGrp/TotalAmt1460071
IRS990/OtherExpensesGrp/TotalAmt2387301
IRS990/OtherExpensesGrp/TotalAmt3347882
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt012093686
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IRS990/ProgramServiceRevenueGrp/Desc1INSPECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/Desc3WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc4WATER TAP FEES
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019757338
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt022319871
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012619773
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014541170
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0493844
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0315914
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0809758
IRS990ScheduleD/EquipmentGrp/BookValueAmt0446089
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0394579
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0840668
IRS990ScheduleD/ExpensesSubtotalAmt05174100
IRS990ScheduleD/LandGrp/BookValueAmt0513937
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0513937
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019611691
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09246403
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028858094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0370134
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CITY OF ARGYLE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FRANCHISE FEES PBLE - ARGYLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3FRANCHISE FEES PBLE - BARTONVILLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4FUTA TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5PAYROLL ACCRUAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6STATE REG. FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7TWC TAXES PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt062125
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt062125
IRS990ScheduleD/RevenueSubtotalAmt07736633
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MEMBERS' EQUITY $62125
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
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IRS990ScheduleD/TotalExpensesPerForm990Amt05174100
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt31
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0WATER SYSTEM IMPROVEMENTS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1WATER SYSTEM IMPROVEMENTS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2WATER SYSTEM IMPROVEMENTS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3WATER SYSTEM IMPROVEMENTS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0DEVELOPER CONTRACT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1DEVELOPER CONTRACT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2DEVELOPER CONTRACT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3DEVELOPER CONTRACT
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt18250
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IRS990ScheduleM/ThirdPartiesUsedInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ARGYLE WATER SUPPLY CORPORATION IS A MEMBER-OWNED CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGER REVIEWS CPA-PREPARED FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGER MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARGYLE WATER SUPPLY'S BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARGYLE WATER SUPPLY'S BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ARGYLE WATER SUPPLY COMPLIES WITH OPEN MEETINGS AND OPEN RECORDS ACT. UPON REQUEST, A COPY OF THE FORM 990 IS GIVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRIBUTIONS IN AID OF CONSTRUCTION = $1358120
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NON-CASH CONTRIBUTIONS INCLUDED ON SCHEDULE M ARE NOT REFLECTED WITHIN THE STATEMENT OF REVENUE. THEY ARE FIXED ASSET CONTRIBUTIONS BY DEVELOPERS AND MEMBERS AND ARE PROPERLY REFLECTED ON THE BALANCE SHEET AS FIXED ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Statement Note 1
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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