Civic Intelligence

Jackson Hole Classical Academy

EIN 83-2571341 • 501(c)3 • Jackson, WY

Pub. 78 Eligible

Profile

The main purpose of the foundation is to support the jackson hole classical academy by holding title and managing real property on which a new campus for the academy will be built.

PO Box 11655Jackson, WY 83002

n/A

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

1st percentile

-7364%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-2.0%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$20,311,823

Down $419,231 (-2.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$20,311,823

Down $419,231 (-2.0%) from 2023

Revenue

Down

$5,693

Down $609,308 (-99%) from 2023

Expenses

Down

$424,924

Down $207,203 (-33%) from 2023

Net Income

Down

-$419,231

Down $402,105 (-2348%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2019: $2,426,362Liabilities 2019: $0Net Assets 2019: $2,426,3622019Assets 2020: $9,566,861Liabilities 2020: $6,000,000Net Assets 2020: $3,566,8612020Assets 2021: $23,219,839Liabilities 2021: $4,091,662Net Assets 2021: $19,128,1772021Assets 2022: $22,647,002Liabilities 2022: $0Net Assets 2022: $22,647,0022022Assets 2023: $20,731,054Liabilities 2023: $0Net Assets 2023: $20,731,0542023Assets 2024: $20,311,823Liabilities 2024: $0Net Assets 2024: $20,311,8232024

Highlighted filing

2024

Assets$20,311,823
Liabilities$0
Net Assets$20,311,823

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $2,460,000Expenses 2019: $33,638Net Income 2019: $2,426,3622019Revenue 2020: $1,200,000Expenses 2020: $59,501Net Income 2020: $1,140,4992020Revenue 2021: $2,213,502Expenses 2021: $700,735Net Income 2021: $1,512,7672021Revenue 2022: $4,151,001Expenses 2022: $632,176Net Income 2022: $3,518,8252022Revenue 2023: $615,001Expenses 2023: $632,127Net Income 2023: -$17,1262023Revenue 2024: $5,693Expenses 2024: $424,924Net Income 2024: -$419,2312024

Highlighted filing

2024

Revenue$5,693
Expenses$424,924
Net Income-$419,231

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$5,693
Mission and Program Overview

Mission

The main purpose of the foundation is to support the jackson hole classical academy by holding title and managing real property on which a new campus for the academy will be built.

The main purpose of the foundation is to support the religious and religious educational mission of jackson hole classical academy by leasing space for use by the academy as a school campus and to manage real property on which a new campus for the academy will be built.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,309,653$19,946,572▼ $363,081
Savings and Temporary Cash Investments-$210,000-
Cash and Non-Interest-Bearing Accounts$412,613$151,576▼ $261,037
Prepaid Expenses and Deferred Charges$8,788$3,675▼ $5,113
Total Assets$20,731,054$20,311,823▼ $419,231
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,731,054$20,311,823▼ $419,231
Total Net Assets Fund Balance$20,731,054$20,311,823▼ $419,231
Total Liabilities and Net Assets / Fund Balance$20,731,054$20,311,823▼ $419,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,604,344$1,344,115$12,948,459
Land$8,000,000-$8,000,000
Other Land Buildings$342,228$123,813$466,041
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dave PattyPresident
Daniel RussVice President
Maggie ValianteDirector
Polly FriessSecretary
Stephen FriessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,692
Other Revenue
$1
Change in Net Assets
$-419,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,693
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,693
Total Revenue per Form 990
$5,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$424,924
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
Depreciation Depletion$363,081--$363,081
Fees for Services Accounting-$18,450-$18,450
Fees for Services Legal$11,300$5,132-$16,432
Fees for Services Management-$16,124-$16,124
Insurance$5,225$3,897-$9,122
Travel-$914-$914
Occupancy$352--$352
Other Expenses$400$25-$25
Office Expenses-$24-$24
Total Functional Expenses$380,358$44,566$0$424,924

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$424,924
Total Expenses per Audited Statements$424,924
Total Expenses per Form 990$424,924
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 2

Board treasurer, stephen friess, and board secretary, polly friess, have a family relationship.

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

A draft copy of the form 990 was sent to the board members for their information and review prior to filing it with the irs.

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

The conflict of interest policy covers all directors, principal officers, and members of a committee with governing board delegated powers. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors or committee members whether the transaction or arrangement is in the organization's best interests, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement.

Form 990, Part VI, Section C, Line 19

None of these documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Jackson Hole Classical Academy
EIN
83-2571341
Phone
3077332678
Address
PO BOX 11655, JACKSON, WY 83002

Signing Officer

Name
Polly Friess
Title
President
Phone
3077332678
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Polly Friess
Formed
2018
Legal Domicile
Wy
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Wipfli Llp
Address
105 E PINE ST UPPER FLOOR, MISSOULA, MT 59802
Preparer
Sam Brunson CPA
Phone
4067281800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization does not have a separate audit committee. The board assumes responsibility for oversight of the audit and selection of an independent auditor.

Financial Statement Notes

PART X, LINE 2:

The foundation is organized as a nonprofit and is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and, therefore, no provision for income taxes has been made in these statements. The foundation is subject to examination of its federal income tax filing in the united states generally for the three preceding tax years. There were no uncertain tax positions taken by the foundation. In the event that the foundation is assessed penalties and/or interest, penalties will be charged to other operating expense and interest will be charged to interest expense.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION WILL BE MANAGED BY A BOARD OF DIRECTORS THAT IS INDEPENDENT FROM THE ACADEMY, BUT WHICH HAS AT LEAST ONE MEMBER WHO IS A DIRECTOR OF THE ACADEMY. THE FOUNDATION WILL BE OPERATED IN CONNECTION WITH THE ACADEMY. UNDER THIS TEST (SECTION 1.509(A)-(4)(I) OF THE REGULATIONS, THE FOUNDATION MUST BE RESPONSIVE TO THE NEEDS AND DEMANDS OF THE ACADEMY AND MUST BE SIGNIFICANTLY INVOLVED IN THE OPERATIONS OF THE ACADEMY SO THAT THE ACADEMY IS DEPENDENT ON THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION ENGAGES IN ACTIVITIES, SUBSTANTIALLY ALL OF WHICH DIRECTLY FURTHER THE EXEMPT PURPOSES OF THE JACKSON HOLE CLASSICAL ACADEMY. THE FOUNDATION WILL HOLD TITLE AND MANAGE THE REAL PROPERTY WHICH WILL BE THE CAMPUS OF THE ACADEMY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2BUT FOR THE INVOLVEMENT OF THE FOUNDATION, THE ACADEMY WOULD OWN THE LAND AND MANAGE THE REAL ESTATE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3:
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt017278
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0JACKSON HOLE CLASSICAL ACADEMY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt011604344
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01344115
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012948459
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0424924
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08000000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08000000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0342228
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0123813
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0466041
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05693
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS ORGANIZED AS A NONPROFIT AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE STATEMENTS. THE FOUNDATION IS SUBJECT TO EXAMINATION OF ITS FEDERAL INCOME TAX FILING IN THE UNITED STATES GENERALLY FOR THE THREE PRECEDING TAX YEARS. THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN BY THE FOUNDATION. IN THE EVENT THAT THE FOUNDATION IS ASSESSED PENALTIES AND/OR INTEREST, PENALTIES WILL BE CHARGED TO OTHER OPERATING EXPENSE AND INTEREST WILL BE CHARGED TO INTEREST EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0424924
IRS990ScheduleD/TotalRevenuePerForm990Amt05693
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05693
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0424924
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD TREASURER, STEPHEN FRIESS, AND BOARD SECRETARY, POLLY FRIESS, HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE FORM 990 WAS SENT TO THE BOARD MEMBERS FOR THEIR INFORMATION AND REVIEW PRIOR TO FILING IT WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTERESTS, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NONE OF THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT HAVE A SEPARATE AUDIT COMMITTEE. THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 7466
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt020311823
IRS990/TotalAssetsGrp/BOYAmt020731054
IRS990/TotalAssetsGrp/EOYAmt020311823
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0380358
IRS990/TotalFunctionalExpensesGrp/TotalAmt0424924
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05693
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05693
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
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IRS990/TravelGrp/TotalAmt0914
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0POLLY FRIESS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03077332678
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JACKSON HOLE CLASSICAL ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0JACK
ReturnHeader/Filer/EIN0832571341
ReturnHeader/Filer/PhoneNum03077332678
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 11655
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WY
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 E PINE ST UPPER FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MISSOULA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd059802
ReturnHeader/PreparerPersonGrp/PhoneNum04067281800
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAM BRUNSON CPA
ReturnHeader/ReturnTs02025-05-13T15:28:05-05:00

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