Civic Intelligence

Proteogenomics Research Institute for Systems Medicine

990 • Fiscal year 2015 • EIN 80-0418281

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 29, 2016

PO Box 910212San Diego, CA 92191

(858) 450-9999

Siviq Scores

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

Liabilities / Assets

99th percentile

5.05x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

1.36x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

33rd percentile

-2.3%

Higher net margin than 33% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

100th percentile

11971%

Faster asset growth than 100% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

535%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$138,449

Up $137,302 (+11971%) from 2014

Net Assets

Down

-$560,482

Down $11,653 (-2.1%) from 2014

Liabilities

Up

$698,931

Up $148,955 (+27%) from 2014

Revenue

Up

$513,907

Up $432,935 (+535%) from 2014

Expenses

Up

$525,560

Up $344,867 (+191%) from 2014

Net Income

Up

-$11,653

Up $88,068 (+88%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $570,066Liabilities 2011: $850,003Net Assets 2011: -$279,9372011Assets 2012: $400,146Liabilities 2012: $853,721Net Assets 2012: -$453,5752012Assets 2013: $157,152Liabilities 2013: $606,260Net Assets 2013: -$449,1082013Assets 2014: $1,147Liabilities 2014: $549,976Net Assets 2014: -$548,8292014Assets 2015: $138,449Liabilities 2015: $698,931Net Assets 2015: -$560,4822015Assets 2016: $307,360Liabilities 2016: $869,816Net Assets 2016: -$562,4562016Assets 2017: $540,211Liabilities 2017: $1,092,144Net Assets 2017: -$551,9332017Assets 2018: $504,887Liabilities 2018: $1,059,457Net Assets 2018: -$554,5702018Assets 2019: $480,689Liabilities 2019: $1,036,186Net Assets 2019: -$555,4972019Assets 2020: $567,623Liabilities 2020: $1,073,801Net Assets 2020: -$506,1782020Assets 2021: $645,330Liabilities 2021: $1,151,634Net Assets 2021: -$506,3042021Assets 2022: $604,813Liabilities 2022: $1,112,068Net Assets 2022: -$507,2552022Assets 2023: $1,762,990Liabilities 2023: $2,295,209Net Assets 2023: -$532,2192023

Highlighted filing

2015

Assets$138,449
Liabilities$698,931
Net Assets-$560,482

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,836,2312011Expenses 2012: $1,613,0092012Expenses 2013: $761,0112013Revenue 2014: $80,972Expenses 2014: $180,693Net Income 2014: -$99,7212014Revenue 2015: $513,907Expenses 2015: $525,560Net Income 2015: -$11,6532015Revenue 2016: $2,731,848Expenses 2016: $2,733,822Net Income 2016: -$1,9742016Revenue 2017: $4,298,085Expenses 2017: $4,287,562Net Income 2017: $10,5232017Revenue 2018: $4,950,379Expenses 2018: $4,953,016Net Income 2018: -$2,6372018Revenue 2019: $4,758,695Expenses 2019: $4,759,622Net Income 2019: -$9272019Revenue 2020: $5,972,491Expenses 2020: $5,923,172Net Income 2020: $49,3192020Revenue 2021: $6,338,425Expenses 2021: $6,338,551Net Income 2021: -$1262021Revenue 2022: $6,513,962Expenses 2022: $6,514,913Net Income 2022: -$9512022Revenue 2023: $6,644,651Expenses 2023: $6,669,615Net Income 2023: -$24,9642023

Highlighted filing

2015

Revenue$513,907
Expenses$525,560
Net Income-$11,653
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 29, 2016
Return Version
2014v6.0
Gross Receipts
$513,907
Mission and Program Overview

Mission

Proteogenomics Research Institute for Systems Medicine (PRISM) is a non-profit biomedical research institute focused on the development of innovative treatments for a wide spectrum of human diseases, including cancer.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$383,000$556,655▲ $173,655
Pledges and Grants Receivable$1,000$84,807▲ $83,807
Cash and Non-Interest-Bearing Accounts$147$38,626▲ $38,479
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,147$138,449▲ $137,302
Other Assets Total-$15,016-
Liabilities
Accounts Payable and Accrued Expenses$166,976$142,276▼ $24,700
Total Liabilities$549,976$698,931▲ $148,955
Net Assets / Fund Balance
Unrestricted Net Assets$-548,829$-560,482▼ $11,653
Total Net Assets Fund Balance$-548,829$-560,482▼ $11,653
Total Liabilities and Net Assets / Fund Balance$1,147$138,449▲ $137,302

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$15,016--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jan E Schnitzer MdPresident & CEO
Eve Dreyfus MdDirector
John RoussinDirector
L Jean RemmerCFO, tres, scty
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$513,907
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-11,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$513,907
Total Revenue per Audited Statements
$513,907
Total Revenue per Form 990
$513,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$406,926
Other Expenses$118,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$69,348$133,560-$202,908
Other Salaries and Wages$126,246$42,202-$168,448
Payroll Taxes$14,076$11,505-$25,581
Occupancy-$24,348-$24,348
All Other Expenses$5,892$8,757-$14,649
Other Employee Benefits$8,106$1,883-$9,989
Fees for Services Accounting-$7,000-$7,000
Other Expenses$2,607$5,685-$5,685
Office Expenses$203$2,006-$2,209
Insurance-$1,552-$1,552
Travel$623--$623
Fees for Services Other$20$300-$320
Total Functional Expenses$273,471$252,089$0$525,560

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$525,560
Total Expenses per Audited Statements$525,560
Total Expenses per Form 990$525,560
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dr SchnitzerOfficerEquipment LeaseNo-

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$383,000$556,655▲ $173,655
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Part VI, Line 11B: Form 990 Review Process

The Treasurer reviews the return and submits the return the Board Members to review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All Board Members and employees review and sign the conflict of interest policy annually. All signed conflict of interest policies are kept on file until the following year when the renewal is required. The renewal is done in January or February and all new employees and new Board Members will sign a conflict of interest policy on the day of hire.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Policy Regarding Determination of Compensation for President and CEO:The PRISM Board of Directors (Board) functions as the Compensation Committee for purposes of determining executive salary comparability and ensuring all of PRISM's compensation practices are carried out in a responsible manner that are also compliant with state and federal regulations. The Board has overall responsibility for evaluating the performance and compensation of the President and CEO (Executive). The Board has responsibility to provide the Executive with constructive feedback regarding his performance. Any changes in salary for the Executive will be determined using the following process:a) The PRISM Board of Directors shall also serve as the Compensation Committee.b) Prior to any change in salary, the Board shall obtain third party benchmark data for positions comparable to that of the Executive to ensure comparability of total compensation.c) After a review of comparability data, the Chair of the Board will make a recommendation of an appropriate salary, bonus and any other fringe benefits or perquisites, subject to approval by the Board.d) The Board will consider any changes to the Executive's salary based on the Executive's performance against expectations and goals, as well as the reasonableness of the recommendation based on the comparability data it has reviewed.e) The Board, by vote, will approve or disapprove the recommended change to Executive's salary. If approved:f) The Chair of the Board or his/her designee will delegate to a PRISM staff member implementation of the resolved compensation and/or benefit changes.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

PRISM makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Proteogenomics Research Institute for
EIN
80-0418281
Phone
8584509999
Address
PO BOX 910212, SAN DIEGO, CA 92191

Signing Officer

Name
L Jean Remmer
Title
Treasurer
Signed
2016-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jan E Schnitzer Md
Formed
2009
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
2
Employees
3

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108-3820
Preparer
Julie a Firl
Phone
6192947200
Supplemental Narrative

Additional Explanations

Form 990, Schedule L, Part IV, Line (1) (C)

No equipment lease in the year ending 6/30/15.

Financial Statement Notes

Part X : FIN48 Footnote

PRISM is a public charity and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. PRISM is not a private foundation.PRISMs Return of Organization Exempt from Income Tax for the years ended June 30, 2015, 2014 and 2013 are subject to examination by the Internal Revenue Service and State taxing authorities, generally the three to four years after the returns were filed.

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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0513907
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0885275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0846713
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IRS990ScheduleA/PublicSupportPY170Pct00.99990
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02203848
IRS990ScheduleA/TotalSupportAmt02204166
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IRS990ScheduleD/ExpensesSubtotalAmt0525560
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015016
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0513907
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PRISM is a public charity and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. PRISM is not a private foundation.PRISMs Return of Organization Exempt from Income Tax for the years ended June 30, 2015, 2014 and 2013 are subject to examination by the Internal Revenue Service and State taxing authorities, generally the three to four years after the returns were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015016
IRS990ScheduleD/TotalExpensesPerForm990Amt0525560
IRS990ScheduleD/TotalRevenuePerForm990Amt0513907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0513907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0525560
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DR SCHNITZER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EQUIPMENT LEASE
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
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IRS990ScheduleL/TotalBalanceDueAmt0556655
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Treasurer reviews the return and submits the return the Board Members to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Board Members and employees review and sign the conflict of interest policy annually. All signed conflict of interest policies are kept on file until the following year when the renewal is required. The renewal is done in January or February and all new employees and new Board Members will sign a conflict of interest policy on the day of hire.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Policy Regarding Determination of Compensation for President and CEO:The PRISM Board of Directors (Board) functions as the Compensation Committee for purposes of determining executive salary comparability and ensuring all of PRISM's compensation practices are carried out in a responsible manner that are also compliant with state and federal regulations. The Board has overall responsibility for evaluating the performance and compensation of the President and CEO (Executive). The Board has responsibility to provide the Executive with constructive feedback regarding his performance. Any changes in salary for the Executive will be determined using the following process:a) The PRISM Board of Directors shall also serve as the Compensation Committee.b) Prior to any change in salary, the Board shall obtain third party benchmark data for positions comparable to that of the Executive to ensure comparability of total compensation.c) After a review of comparability data, the Chair of the Board will make a recommendation of an appropriate salary, bonus and any other fringe benefits or perquisites, subject to approval by the Board.d) The Board will consider any changes to the Executive's salary based on the Executive's performance against expectations and goals, as well as the reasonableness of the recommendation based on the comparability data it has reviewed.e) The Board, by vote, will approve or disapprove the recommended change to Executive's salary. If approved:f) The Chair of the Board or his/her designee will delegate to a PRISM staff member implementation of the resolved compensation and/or benefit changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRISM makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO EQUIPMENT LEASE IN THE YEAR ENDING 6/30/15.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, SCHEDULE L, PART IV, LINE (1) (C)
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0273471
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IRS990/TotalLiabilitiesEOYAmt0698931
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IRS990/TotalProgramServiceExpensesAmt0273471
IRS990/TotalProgramServiceRevenueAmt0513907
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0513907
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0138449
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0623
IRS990/TravelGrp/TotalAmt0623
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-548829
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-560482
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011107 ROSELLE STREET
IRS990/USAddress/CityNm0SAN DIEGO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092121
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.PRISM-SD.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0L JEAN REMMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROTEOGENOMICS RESEARCH INSTITUTE FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SYSTEMS MEDICINE
ReturnHeader/Filer/BusinessNameControlTxt0PROT
ReturnHeader/Filer/EIN0800418281
ReturnHeader/Filer/PhoneNum08584509999
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 910212
ReturnHeader/Filer/USAddress/CityNm0SAN DIEGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092191
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Leaf & Cole LLP

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.76$2.30$0.53$6.64$6.67$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$1.11$0.51$6.51$6.51$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$1.15$0.51$6.34$6.34$0.00
2020Summary only. Only limited summary data is available for this year.$0.57$1.07$0.51$5.97$5.92$0.05
2019Summary only. Only limited summary data is available for this year.$0.48$1.04$0.56$4.76$4.76$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$1.06$0.55$4.95$4.95$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$1.09$0.55$4.30$4.29$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.87$0.56$2.73$2.73$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.70$0.56$0.51$0.53$0.01
2014Summary only. Only limited summary data is available for this year.$0.00$0.55$0.55$0.08$0.18$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.61$0.45$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.85$0.45$1.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.85$0.28$2.84
Peer Organizations

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