Civic Intelligence

Wpc Organizing Committee

990 • Fiscal year 2021 • EIN 83-2086205

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

701 Avenida DE Las Americas 200Houston, TX 77010

(346) 353-6010

Siviq Scores

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

Liabilities / Assets

99th percentile

1.22x

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

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.33x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Net Margin

90th percentile

43%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$468,096

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Asset Growth

1st percentile

-31%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

495%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$4,771,928

Down $2,098,602 (-31%) from 2020

Net Assets

Up

-$1,071,496

Up $7,573,454 (+88%) from 2020

Liabilities

Down

$5,843,424

Down $9,672,056 (-62%) from 2020

Revenue

Up

$17,858,109

Up $14,856,007 (+495%) from 2020

Expenses

Up

$10,183,519

Up $4,491,297 (+79%) from 2020

Net Income

Up

$7,674,590

Up $10,364,710 (+385%) from 2020

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

2021

Assets$4,771,928
Liabilities$5,843,424
Net Assets-$1,071,496

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

2021

Revenue$17,858,109
Expenses$10,183,519
Net Income$7,674,590
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$17,858,109
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,197,378$4,190,250▲ $992,872
Accounts Receivable$3,418,396$336,795▼ $3,081,601
Savings and Temporary Cash Investments$202,722$204,133▲ $1,411
Land, Buildings, and Equipment, Net$39,791$30,946▼ $8,845
Loans From Officers Directors$12,000--
Prepaid Expenses and Deferred Charges$12,243$9,804▼ $2,439
Total Assets$6,870,530$4,771,928▼ $2,098,602
Liabilities
Deferred Revenue$12,629,455--
Other Liabilities$2,429,395$3,907,852▲ $1,478,457
Accounts Payable and Accrued Expenses$64,630$1,616,277▲ $1,551,647
Unsecured Notes Loans Payable$380,000$319,295▼ $60,705
Total Liabilities$15,515,480$5,843,424▼ $9,672,056
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-8,644,950$-1,071,496▲ $7,573,454
Total Net Assets Fund Balance$-8,644,950$-1,071,496▲ $7,573,454
Total Liabilities and Net Assets / Fund Balance$6,870,530$4,771,928▼ $2,098,602

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,946$23,231$54,177
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sallie SargentChief Operating OfficerFT$462,747$5,349$468,096
Anthony CalancaExecutive VP-congress OperFT$157,103$10,964$168,067
Allison SaccoDirector-progect ManagemFT$151,856$5,582$157,438
Nicholas SharrardVP - Administrative ServicesFT$148,800-$148,800
Ashley MatthewsVP-sales AdministrationFT$135,960-$135,960
Eric MaguranDirector-financeFT$120,147$5,349$125,496
Melissa PotterbaumDirector-marketingFT$109,947$5,349$115,296

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Mci GroupEvent Management Consulting Services530 GENEVA PLACE, Orlando, FL 32801, Sz$800,000
Worldwide Energy Events ExpertsInternational Sales And Public Relations600 TRAVIS STREET STE 5200, Houston, TX 77002, Ae$711,799
IdeasConsulting & Reimbursable Expenses8554 E PRESERVE WAY, Scottsdale, AZ 85266$272,359
Winstead PCOutside Legal Counsel-$131,649
Mark MunhallConsulting & Reimbursable Expenses-$129,138
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,405,164
Investment Income
$1,412
Other Revenue
$451,533
Change in Net Assets
$7,674,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,858,109
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,626,330
Total Revenue per Audited Statements
$21,484,439
Total Revenue per Form 990
$17,858,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,234,917
Salaries, Compensation, and Employee Benefits$1,948,602
Total Fundraising Expense$1,804,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,857,820$1,398,500-$5,256,320
Other Salaries and Wages$355,167$479,975$493,610$1,328,752
Conferences and Meetings$761,947$266,698$60,137$1,088,782
Fees for Services Management--$901,663$901,663
Current Officers, Directors, Trustees, and Key Employees$157,103$462,747-$619,850
Insurance$194,658$15,820-$210,478
Royalties-$200,000-$200,000
Travel$7,968$14,387$168,113$190,468
Advertising--$178,260$178,260
Fees for Services Legal-$122,357-$122,357
Office Expenses-$73,858-$73,858
Depreciation Depletion$3,208$2,956$3,091$9,255
Interest-$2,529-$2,529
Fees for Services Accounting-$947-$947
Total Functional Expenses$5,337,871$3,040,774$1,804,874$10,183,519

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,809,849
Expenses per Audited Statements$10,183,519
Total Expenses per Form 990$10,183,519
Expenses Not Reported on Form 990$3,626,330
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
2
Spending
$1,517,829

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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
SwitzerlandEvent Management Consulting ServicesVendor Whose Scope of Work Is Event Management Consulting Services01$800,000
DubaiFundraising (international Sales)Vendor Whose Scope of Work Is International Sales and Public Relations01$717,829
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$131,649

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$12,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expense-others$3,907,852
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
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 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 200, HOUSTON, TX 77010

Signing Officer

Name
Michael Heckman
Title
President & CEO
Phone
3463536010
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Heckman
Formed
2018
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
15
Volunteers
250

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Various services including consulting, it services, and peo expenses: program service expenses 3,857,820. Management and general expenses 1,398,500. Fundraising expenses 0. Total expenses 5,256,320.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR/FINANCE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE VP-CONGRESS OPER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR-PROGECT MANAGEM
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR-FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP-SALES ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR-MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP - ADMINISTRATIVE SERVICES
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02018
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ProgramServicesAmt0194658
IRS990/InsuranceGrp/TotalAmt0210478
IRS990/InterestGrp/ManagementAndGeneralAmt02529
IRS990/InterestGrp/TotalAmt02529
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01412
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt030
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IRS990/LandBldgEquipCostOrOtherBssAmt054177
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt012000
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0-1071496
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1136
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-8644950
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1071496
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt073858
IRS990/OfficeExpensesGrp/TotalAmt073858
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherLiabilitiesGrp/BOYAmt02429395
IRS990/OtherLiabilitiesGrp/EOYAmt03907852
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0451533
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0451533
IRS990/OtherRevenueTotalAmt0451533
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0493610
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0479975
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0355167
IRS990/OtherSalariesAndWagesGrp/TotalAmt01328752
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012243
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09804
IRS990/PrincipalOfficerNm0MICHAEL HECKMAN
IRS990/PriorPeriodAdjustmentsAmt0-100000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561920
IRS990/ProgramServiceRevenueGrp/BusinessCd1561920
IRS990/ProgramServiceRevenueGrp/BusinessCd2561920
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITION
IRS990/ProgramServiceRevenueGrp/Desc2REGISTRATION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013458010
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11986483
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21960671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013458010
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11986483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21960671
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYOtherRevenueAmt05689
IRS990/PYProgramServiceRevenueAmt02993809
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IRS990/PYSalariesCompEmpBnftPaidAmt02279676
IRS990/PYTotalExpensesAmt05692222
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReconcilationRevenueExpnssAmt07674590
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt017856697
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt0200000
IRS990/RoyaltiesGrp/TotalAmt0200000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0202722
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0204133
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/DonatedServicesUseFcltsAmt03626330
IRS990ScheduleD/EquipmentGrp/BookValueAmt030946
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023231
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054177
IRS990ScheduleD/ExpensesNotReportedAmt03626330
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010183519
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03907852
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSE-OTHERS
IRS990ScheduleD/RevenueNotReportedAmt03626330
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt017858109
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030946
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021484439
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0717829
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1800000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0DUBAI
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SWITZERLAND
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0VENDOR WHOSE SCOPE OF WORK IS INTERNATIONAL SALES AND PUBLIC RELATIONS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1VENDOR WHOSE SCOPE OF WORK IS EVENT MANAGEMENT CONSULTING SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0FUNDRAISING (INTERNATIONAL SALES)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1EVENT MANAGEMENT CONSULTING SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01517829
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01517829
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0462747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1157103
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2151856
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

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