Civic Intelligence

Wakulla County Economic Development

990 • Fiscal year 2022 • EIN 82-0768613

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 11, 2002

PO Box 598Crawfordville, FL 32326

(850) 926-1848

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.00x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

36th percentile

-4.6%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

33rd percentile

-7.7%

Faster asset growth than 33% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

143%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$88,575

Down $7,441 (-7.7%) from 2021

Net Assets

Down

$88,575

Down $7,441 (-7.7%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$161,561

Up $95,012 (+143%) from 2021

Expenses

Up

$168,998

Up $80,133 (+90%) from 2021

Net Income

Up

-$7,437

Up $14,879 (+67%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $62,114Liabilities 2017: $0Net Assets 2017: $62,1142017Assets 2018: $62,652Liabilities 2018: $0Net Assets 2018: $62,6522018Assets 2019: $63,733Liabilities 2019: $0Net Assets 2019: $63,7332019Assets 2020: $118,332Liabilities 2020: $0Net Assets 2020: $118,3322020Assets 2021: $96,016Liabilities 2021: $0Net Assets 2021: $96,0162021Assets 2022: $88,575Liabilities 2022: $0Net Assets 2022: $88,5752022Assets 2023: $84,495Liabilities 2023: $170Net Assets 2023: $84,3252023Assets 2024: $76,979Liabilities 2024: $0Net Assets 2024: $76,9792024

Highlighted filing

2022

Assets$88,575
Liabilities$0
Net Assets$88,575

Operations Trend

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

$200K$100K$0-$100KRevenue 2017: $19,217Expenses 2017: $12,075Net Income 2017: $7,1422017Revenue 2018: $9,676Expenses 2018: $9,138Net Income 2018: $5382018Revenue 2019: $16,335Expenses 2019: $15,254Net Income 2019: $1,0812019Revenue 2020: $96,906Expenses 2020: $42,307Net Income 2020: $54,5992020Revenue 2021: $66,549Expenses 2021: $88,865Net Income 2021: -$22,3162021Revenue 2022: $161,561Expenses 2022: $168,998Net Income 2022: -$7,4372022Revenue 2023: $176,246Expenses 2023: $180,496Net Income 2023: -$4,2502023Revenue 2024: $118,325Expenses 2024: $125,671Net Income 2024: -$7,3462024

Highlighted filing

2022

Revenue$161,561
Expenses$168,998
Net Income-$7,437
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 11, 2002
Return Version
2021v4.0
Gross Receipts
$161,561
Mission and Program Overview

Mission

Facilitate sustainable economic development and further assist business and commerical interest by leveraging wakulla county's existing and potential resources, which support business creation, attraction, and expansion. To protect and promote wakulla county's unique natural resources and quality of life. Increase the number and quality of developable business sites in wakulla county. Prepare and support the workforce to meet and fill current and new job opportunites. Market wakulla county globally to businesses and visitors. Support civic and governmental organizations to enhance wakulla county's economic well-being. Position wakulla county edc to be a leading voice for economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$56,496$52,816▼ $3,680
Cash and Non-Interest-Bearing Accounts$61,836$35,759▼ $26,077
Total Assets$118,332$88,575▼ $29,757
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$118,332$88,575▼ $29,757
Total Net Assets Fund Balance$118,332$88,575▼ $29,757
Total Liabilities and Net Assets / Fund Balance$118,332$88,575▼ $29,757
Compensation and Service Providers

Board Members and Trustees

NameTitle
John ShuffPresident
Steven CushmanSecretary
Jessica S RevellTreasurer
Kevin VaughnVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$161,457
Program Service Revenue
$0
Investment Income
$104
Other Revenue
$0
All Other Contributions
$111,100
Change in Net Assets
$-7,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$168,998
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
Fees for Services Other$85,307$28-$85,335
Advertising$61,722--$61,722
Conferences and Meetings-$7,837-$7,837
Occupancy$7,500--$7,500
Fees for Services Accounting-$5,033-$5,033
Office Expenses$869--$869
Insurance-$702-$702
Total Functional Expenses$155,398$13,600$0$168,998
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

All members of the edc in good standing will hold the position of director entitled to one vote. The chamber of commerce president or a designee is included as a board member. Full control of the affairs of the edc shall be vested in the membership.

Form 990, Page 6, Part VI, Line 7B

Full control of the edc shall be vested in the membership. 40% of the board shall consitute a quorum at any regular meeting. At any special meeting, a quorum shall consist of 50%. The majority of such a quorum shall control.

Form 990, Page 6, Part VI, Line 9

John shuff 87 tupelo dr crawfordville, fl 32327

Form 990, Page 6, Part VI, Line 11B

Return is reviewed by executive committee.

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

No compensation is allowed.

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

No one is compensated in the organization.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Wakulla County Economic Development
EIN
82-0768613
Phone
8509261848
Address
PO BOX 598, CRAWFORDVILLE, FL 32326

Signing Officer

Name
John Shuff
Title
President
Phone
8509269802
Signed
2002-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Shuff
Formed
2017
Legal Domicile
Fl
Voting Board Members
41
Independent Board Members
41
Employees
0

Preparer

Firm
Shepard Accounting & Tax Services
Address
PO BOX 1605, CRAWFORDVILLE, FL 32326
Preparer
Jessica S Revell CPA
Phone
8509269802
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Facilitate sustainable economic development and further assist business and commerical interest by leveraging wakulla county's existing and potential resources, which support business creation, attraction, and expansion. To protect and promote wakulla county's unique natural resources and quality of life. Increase the number and quality of developable business sites in wakulla county. Prepare and support the workforce to meet and fill current and new job opportunites. Market wakulla county globally to businesses and visitors. Support civic and governmental organizations to enhance wakulla county's economic well-being. Position wakulla county edc to be a leading voice for economic development.

Form 990, Page 2, Part III, Line 4A

The edc is in contract with wakulla county to employ two edc coordinators via contract labor. Money was collected from wakulla county bocc along with local businesses to fund the coorditors and their task. A coordinator committee was created to manage the roles and funding of these coordinators. The coordinators help market and promote wakulla county to industries and businesses world wide looking to relocate. The coordinator committee advises the coordinators on the needs for wakulla county to help them connect with local businesses to sustain and grow our local economy. Money was received from career source grant and was used to help pay for the marketing cost of software's the coordinators used to advertise wakulla counties commercial land to the world to grow the number of jobs available in wakulla county. Reimbursement grants received from enterprise fl were used to purchase promotional materials and coordinator cost to create a strategic plan for wakulla county edc. Grants were received from duke energy and used to create a very interactive website for the wakulla county edc along with used to purchase software to help the edc coordinators track their prospects and work performed on behalf of the edc.

Form 990, Part IX, Line 11G

Ovid solutions 36,500 0 0 beth kirkland consulting 36,500 0 0 licenses, fees, permits 61 0 0 dues & subscriptions 975 0 0 software du 6,271 0 0 ovid solutions efi consulting 2,500 0 0 beth kirkland efi consulting 2,500 0 0 from csa import bank charges 0 28 0 total 85,307 28 0

Form 990, Part XI, Line 9

Bank transaction covered 2 years -22,320

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
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IRS990/MissionDesc0FACILITATE SUSTAINABLE ECONOMIC DEVELOPMENT AND FURTHER ASSIST BUSINESS AND COMMERICAL INTEREST BY LEVERAGING WAKULLA COUNTY'S EXISTING AND POTENTIAL RESOURCES, WHICH SUPPORT BUSINESS CREATION, ATTRACTION, AND EXPANSION. TO PROTECT AND PROMOTE WAKULLA COUNTY'S UNIQUE NATURAL RESOURCES AND QUALITY OF LIFE. INCREASE THE NUMBER AND QUALITY OF DEVELOPABLE BUSINESS SITES IN WAKULLA COUNTY. PREPARE AND SUPPORT THE WORKFORCE TO MEET AND FILL CURRENT AND NEW JOB OPPORTUNITES. MARKET WAKULLA COUNTY GLOBALLY TO BUSINESSES AND VISITORS. SUPPORT CIVIC AND GOVERNMENTAL ORGANIZATIONS TO ENHANCE WAKULLA COUNTY'S ECONOMIC WELL-BEING. POSITION WAKULLA COUNTY EDC TO BE A LEADING VOICE FOR ECONOMIC DEVELOPMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FACILITATE SUSTAINABLE ECONOMIC DEVELOPMENT AND FURTHER ASSIST BUSINESS AND COMMERICAL INTEREST BY LEVERAGING WAKULLA COUNTY'S EXISTING AND POTENTIAL RESOURCES, WHICH SUPPORT BUSINESS CREATION, ATTRACTION, AND EXPANSION. TO PROTECT AND PROMOTE WAKULLA COUNTY'S UNIQUE NATURAL RESOURCES AND QUALITY OF LIFE. INCREASE THE NUMBER AND QUALITY OF DEVELOPABLE BUSINESS SITES IN WAKULLA COUNTY. PREPARE AND SUPPORT THE WORKFORCE TO MEET AND FILL CURRENT AND NEW JOB OPPORTUNITES. MARKET WAKULLA COUNTY GLOBALLY TO BUSINESSES AND VISITORS. SUPPORT CIVIC AND GOVERNMENTAL ORGANIZATIONS TO ENHANCE WAKULLA COUNTY'S ECONOMIC WELL-BEING. POSITION WAKULLA COUNTY EDC TO BE A LEADING VOICE FOR ECONOMIC DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EDC IS IN CONTRACT WITH WAKULLA COUNTY TO EMPLOY TWO EDC COORDINATORS VIA CONTRACT LABOR. MONEY WAS COLLECTED FROM WAKULLA COUNTY BOCC ALONG WITH LOCAL BUSINESSES TO FUND THE COORDITORS AND THEIR TASK. A COORDINATOR COMMITTEE WAS CREATED TO MANAGE THE ROLES AND FUNDING OF THESE COORDINATORS. THE COORDINATORS HELP MARKET AND PROMOTE WAKULLA COUNTY TO INDUSTRIES AND BUSINESSES WORLD WIDE LOOKING TO RELOCATE. THE COORDINATOR COMMITTEE ADVISES THE COORDINATORS ON THE NEEDS FOR WAKULLA COUNTY TO HELP THEM CONNECT WITH LOCAL BUSINESSES TO SUSTAIN AND GROW OUR LOCAL ECONOMY. MONEY WAS RECEIVED FROM CAREER SOURCE GRANT AND WAS USED TO HELP PAY FOR THE MARKETING COST OF SOFTWARE'S THE COORDINATORS USED TO ADVERTISE WAKULLA COUNTIES COMMERCIAL LAND TO THE WORLD TO GROW THE NUMBER OF JOBS AVAILABLE IN WAKULLA COUNTY. REIMBURSEMENT GRANTS RECEIVED FROM ENTERPRISE FL WERE USED TO PURCHASE PROMOTIONAL MATERIALS AND COORDINATOR COST TO CREATE A STRATEGIC PLAN FOR WAKULLA COUNTY EDC. GRANTS WERE RECEIVED FROM DUKE ENERGY AND USED TO CREATE A VERY INTERACTIVE WEBSITE FOR THE WAKULLA COUNTY EDC ALONG WITH USED TO PURCHASE SOFTWARE TO HELP THE EDC COORDINATORS TRACK THEIR PROSPECTS AND WORK PERFORMED ON BEHALF OF THE EDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL MEMBERS OF THE EDC IN GOOD STANDING WILL HOLD THE POSITION OF DIRECTOR ENTITLED TO ONE VOTE. THE CHAMBER OF COMMERCE PRESIDENT OR A DESIGNEE IS INCLUDED AS A BOARD MEMBER. FULL CONTROL OF THE AFFAIRS OF THE EDC SHALL BE VESTED IN THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FULL CONTROL OF THE EDC SHALL BE VESTED IN THE MEMBERSHIP. 40% OF THE BOARD SHALL CONSITUTE A QUORUM AT ANY REGULAR MEETING. AT ANY SPECIAL MEETING, A QUORUM SHALL CONSIST OF 50%. THE MAJORITY OF SUCH A QUORUM SHALL CONTROL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5JOHN SHUFF 87 TUPELO DR CRAWFORDVILLE, FL 32327
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RETURN IS REVIEWED BY EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO COMPENSATION IS ALLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NO ONE IS COMPENSATED IN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10OVID SOLUTIONS 36,500 0 0 BETH KIRKLAND CONSULTING 36,500 0 0 LICENSES, FEES, PERMITS 61 0 0 DUES & SUBSCRIPTIONS 975 0 0 SOFTWARE DU 6,271 0 0 OVID SOLUTIONS EFI CONSULTING 2,500 0 0 BETH KIRKLAND EFI CONSULTING 2,500 0 0 FROM CSA IMPORT BANK CHARGES 0 28 0 TOTAL 85,307 28 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11BANK TRANSACTION COVERED 2 YEARS -22,320
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0118332
IRS990/TotalAssetsEOYAmt088575
IRS990/TotalAssetsGrp/BOYAmt0118332
IRS990/TotalAssetsGrp/EOYAmt088575
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0161457
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013600
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0155398
IRS990/TotalFunctionalExpensesGrp/TotalAmt0168998
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0118332
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt088575
IRS990/TotalProgramServiceExpensesAmt0155398
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0104
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161561
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0118332
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt088575
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt087 TUPELO DR
IRS990/USAddress/CityNm0CRAWFORDVILLE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032327
IRS990/VotingMembersGoverningBodyCnt041
IRS990/VotingMembersIndependentCnt041
IRS990/WebsiteAddressTxt0WWW.WAKULLAEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN SHUFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08509269802
ReturnHeader/BusinessOfficerGrp/SignatureDt02002-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAKULLA COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0WAKU
ReturnHeader/Filer/EIN0820768613
ReturnHeader/Filer/PhoneNum08509261848
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 598
ReturnHeader/Filer/USAddress/CityNm0CRAWFORDVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032326
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464298731
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHEPARD ACCOUNTING & TAX SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1605
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRAWFORDVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032326
ReturnHeader/PreparerPersonGrp/PhoneNum08509269802
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA S REVELL CPA
ReturnHeader/ReturnTs02023-07-06T15:58:08-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHUFF
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

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