Civic Intelligence

Wpc Organizing Committee

990 • Fiscal year 2020 • EIN 83-2086205

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

701 Avenida DE Las Americas No 20Houston, TX 77010

(346) 353-6010

Siviq Scores

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

Liabilities / Assets

100th percentile

2.26x

Higher debt load relative to assets than 100% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

5.17x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

3rd percentile

-90%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$418,378

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

20%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,870,530

Down $1,111,087 (-14%) from 2019

Net Assets

Down

-$8,644,950

Down $2,690,120 (-45%) from 2019

Liabilities

Up

$15,515,480

Up $1,579,033 (+11%) from 2019

Revenue

Up

$3,002,102

Up $509,678 (+20%) from 2019

Expenses

Down

$5,692,222

Down $2,755,032 (-33%) from 2019

Net Income

Up

-$2,690,120

Up $3,264,710 (+55%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2019: $7,981,617Liabilities 2019: $13,936,447Net Assets 2019: -$5,954,8302019Assets 2020: $6,870,530Liabilities 2020: $15,515,480Net Assets 2020: -$8,644,9502020Assets 2021: $4,771,928Liabilities 2021: $5,843,424Net Assets 2021: -$1,071,4962021Assets 2022: $12,950Liabilities 2022: $47,916Net Assets 2022: -$34,9662022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2020

Assets$6,870,530
Liabilities$15,515,480
Net Assets-$8,644,950

Operations Trend

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

$20M$10M$0-$10MRevenue 2019: $2,492,424Expenses 2019: $8,447,254Net Income 2019: -$5,954,8302019Revenue 2020: $3,002,102Expenses 2020: $5,692,222Net Income 2020: -$2,690,1202020Revenue 2021: $17,858,109Expenses 2021: $10,183,519Net Income 2021: $7,674,5902021Revenue 2022: $2,188,121Expenses 2022: $1,151,591Net Income 2022: $1,036,5302022Revenue 2023: $0Expenses 2023: $10,854Net Income 2023: -$10,8542023

Highlighted filing

2020

Revenue$3,002,102
Expenses$5,692,222
Net Income-$2,690,120
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$3,002,248
Mission and Program Overview

Mission

To design and deliver compelling engagement, exceptional hospitality and ease of access to every world petroleum congress delegate while proudly telling the houston story to the world.

Produce and execute a world class event for the world petroleum council

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$4,969,048$3,418,396▼ $1,550,652
Cash and Non-Interest-Bearing Accounts$2,730,442$3,197,378▲ $466,936
Savings and Temporary Cash Investments$200,000$202,722▲ $2,722
Land, Buildings, and Equipment, Net$68,921$39,791▼ $29,130
Prepaid Expenses and Deferred Charges$13,206$12,243▼ $963
Loans From Officers Directors$11,880$12,000▲ $120
Total Assets$7,981,617$6,870,530▼ $1,111,087
Liabilities
Deferred Revenue$9,305,780$12,629,455▲ $3,323,675
Other Liabilities$2,056,705$2,429,395▲ $372,690
Unsecured Notes Loans Payable$2,497,000$380,000▼ $2,117,000
Accounts Payable and Accrued Expenses$65,082$64,630▼ $452
Total Liabilities$13,936,447$15,515,480▲ $1,579,033
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,954,830$-8,644,950▼ $2,690,120
Total Net Assets Fund Balance$-5,954,830$-8,644,950▼ $2,690,120
Total Liabilities and Net Assets / Fund Balance$7,981,617$6,870,530▼ $1,111,087

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,791$14,577$54,368
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sallie SargentChief Operating OfficerFT$410,621$7,757$418,378
Anthony CalancaExecutive VP-congress OperationsFT$234,066$7,075$241,141
Eric MaguranDirector-financeFT$140,714$7,495$148,209
Allison SaccoDirector-progect ManagemFT$138,696$7,495$146,191
Ashley MatthewsVP-sales AdministrationFT$115,043$705$115,748
Melissa PotterbaumDirector-marketingFT$102,073$7,394$109,467
Connie GrayFormer VP-congress ManagementFT$100,824$480$101,304

Board Members and Trustees

NameTitle
Jeffrey ShellebargerChairman/director
Brenda BazanDirector/finance Committee Chair
Michael HeckmanPresident and CEO
Bobby SinghDirector
Denis BrahamDirector
Peggy KostialDirector
Galen CobbSecretary/director
Karen WilliamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Worldwide Energy Events ExpertsInternational Sales And Public RelationsPO BOX 84907, Dallas, TX 75284, Ae$339,518
Wyndham Jade LLC Dba Mci GroupEvent Management Consulting Services530 GENEVA PLACE, Orlando, FL 32801$272,549
IdeasConsulting & Reimbursable Expenses600 TRAVIS STREET STE 5200, Houston, TX 77002$208,999
Winstead PCOutside Legal Counsel-$120,935
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,993,809
Investment Income
$2,604
Other Revenue
$5,689
Change in Net Assets
$-2,690,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,412,546
Salaries, Compensation, and Employee Benefits$2,279,676
Total Fundraising Expense$1,403,327
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$392,566$638,617$603,806$1,634,989
Fees for Services Management$500,000$280,259$708,763$1,489,022
Fees for Services Other$400,422$350,852-$751,274
Royalties-$645,000-$645,000
Current Officers, Directors, Trustees, and Key Employees$234,066$410,621-$644,687
Office Expenses-$190,477-$190,477
Fees for Services Legal-$140,904-$140,904
Travel-$41,798$58,489$100,287
Advertising--$93,632$93,632
Interest-$24,862-$24,862
Fees for Services Accounting-$24,675-$24,675
Depreciation Depletion$3,060$2,820$2,949$8,829
Insurance-$7,896-$7,896
Conferences and Meetings--$-64,312$-64,312
Total Functional Expenses$1,530,114$2,758,781$1,403,327$5,692,222
International Activity

International Summary

Offices
0
Employees
0
Spending
$339,518

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
DubaiFundraising (international Sales)Vendor Whose Scope of Work Is International Sales and Public Relations00$339,518
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorLegal Fees Paid to Winstead PcNo$140,904

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$11,880$12,000▲ $120
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expense-others$2,429,395
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
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, Section A, Line 4

In 2020, bobby singh was elected as an executive committee director. Brenda bazan, former treasurer and executive committee director, became chair of finance committee and executive committee director. Karen williams joined as treasurer.

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

Houston first corporation has the right to appoint one member of the governing body of the organization

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

The signing officer reviews the form 990 before it is filed.

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

All disclosures are monitored by outside legal counsel and enforced by the executive committee, itself.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Wpc Organizing Committee
EIN
83-2086205
Phone
3463536010
Address
701 AVENIDA DE LAS AMERICAS NO 20, HOUSTON, TX 77010

Signing Officer

Name
Sallie Sargent
Title
Chief Operating Officer
Phone
3463536010
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sallie Sargent
Formed
2018
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
21
Volunteers
0

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Thomas Jones
Phone
7139681600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Various services including consulting, it services, and peo expenses: program service expenses 400,422. Management and general expenses 350,852. Fundraising expenses 0. Total expenses 751,274.

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IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE VP-CONGRESS OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR-PROGECT MANAGEM
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR-FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP-SALES ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR-MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER VP-CONGRESS MANAGEMENT
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IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-118
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt028
IRS990/GrossReceiptsAmt03002248
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt07896
IRS990/InterestGrp/ManagementAndGeneralAmt024862
IRS990/InterestGrp/TotalAmt024862
IRS990/InvestmentIncomeGrp/ExclusionAmt02722
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02722
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014577
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt039791
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IRS990/LegalDomicileStateCd0TX
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IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt011880
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt012000
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IRS990/MissionDesc0TO DESIGN AND DELIVER COMPELLING ENGAGEMENT, EXCEPTIONAL HOSPITALITY AND EASE OF ACCESS TO EVERY WORLD PETROLEUM CONGRESS DELEGATE WHILE PROUDLY TELLING THE HOUSTON STORY TO THE WORLD.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-118
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0190477
IRS990/OfficeExpensesGrp/TotalAmt0190477
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherLiabilitiesGrp/EOYAmt02429395
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05689
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05689
IRS990/OtherRevenueTotalAmt05689
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0603806
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0638617
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0392566
IRS990/OtherSalariesAndWagesGrp/TotalAmt01634989
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013206
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012243
IRS990/PrincipalOfficerNm0SALLIE SARGENT
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IRS990/ProgramServiceRevenueGrp/BusinessCd1561920
IRS990/ProgramServiceRevenueGrp/BusinessCd2561920
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1BARTER REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1335019
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02632790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1335019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt09370
IRS990/PYProgramServiceRevenueAmt02483054
IRS990/PYRevenuesLessExpensesAmt0-5954830
IRS990/PYSalariesCompEmpBnftPaidAmt02297303
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IRS990/PYTotalRevenueAmt02492424
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IRS990/ReconcilationRevenueExpnssAmt0-2690120
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt0645000
IRS990/RoyaltiesGrp/TotalAmt0645000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0202722
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt039791
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014577
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054368
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02429395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSE-OTHERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt039791
IRS990ScheduleD/TotalLiabilityAmt02429395
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0339518
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0DUBAI
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0VENDOR WHOSE SCOPE OF WORK IS INTERNATIONAL SALES AND PUBLIC RELATIONS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0FUNDRAISING (INTERNATIONAL SALES)
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
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IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0339518
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0339518
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0410621
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1234066
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2100824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07757

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