Liabilities / Assets
52nd percentile
Higher debt load relative to assets than 52% of similar nonprofits.
EIN 83-4007897 • 501(c)3 • Cleveland, OH
Profile
To send uss cleveland to the fleet with the greatest start possible, to support the ship and crew throughout her service life, and to welcome her home to cleveland at the completion of her naval service.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
52nd percentile
Higher debt load relative to assets than 52% of similar nonprofits.
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
6th percentile
Higher net margin than 6% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
62nd percentile
Faster asset growth than 62% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Assets
Down$1,933,124
Down $135,255 (-6.5%) from 2023
Liabilities
Up$144,383
Up $144,383 from 2023
Net Assets
Down$1,788,741
Down $279,638 (-14%) from 2023
Revenue
Down$421,232
Down $570,744 (-58%) from 2023
Expenses
Up$656,538
Up $200,672 (+44%) from 2023
Net Income
Down-$235,306
Down $771,416 (-144%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
To send uss cleveland to the fleet with the greatest start possible, to support the ship and crew throughout her service life, and to welcome her home to cleveland at the completion of her naval service.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,549,185 | $1,375,397 | ▼ $173,788 |
| Land, Buildings, and Equipment, Net | $142,327 | $243,867 | ▲ $101,540 |
| Accounts Receivable | $275,764 | $179,000 | ▼ $96,764 |
| Prepaid Expenses and Deferred Charges | - | $10,607 | - |
| Total Assets | $2,068,379 | $1,933,124 | ▼ $135,255 |
| Other Assets Total | $101,103 | $124,253 | ▲ $23,150 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $144,383 | - |
| Total Liabilities | $0 | $144,383 | ▲ $144,383 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,068,379 | $1,788,741 | ▼ $279,638 |
| Total Net Assets Fund Balance | $2,068,379 | $1,788,741 | ▼ $279,638 |
| Total Liabilities and Net Assets / Fund Balance | $2,068,379 | $1,933,124 | ▼ $135,255 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $97,806 | $154,439 | $252,245 |
| Leasehold Improvements | $118,996 | $2,704 | $121,700 |
| Buildings | $27,065 | $660 | $27,725 |
| Other Assets Org | $124,253 | - | - |
| Name | Title |
|---|---|
| James Folk | Chairman |
| Kevin Prather | Vice Chairma |
| Andrew Thomas | Director |
| Chris Garazatua | Director |
| Colleen G Thomas | Director |
| Dr Benjamin E Baran Phd | Director |
| Dwight Shepherd | Director |
| Jermey Komasz | Director |
| Matthew Previts | Director |
| Richard Decarlo | Director |
| Robert Stall | Director |
| W Craig Bashein | Director |
| Karen Mihalik Potoczak | Secretary |
| Larese Purnell | Treasurer |
| Contribution Type | Contribution Count | Reported Amount |
|---|---|---|
| Other Non Cash Contri Table | 1 | $82,638 |
| Total Noncash Contributions | 1 | $82,638 |
| Line Item | Amount |
|---|---|
| Other Expenses | $434,290 |
| Salaries, Compensation, and Employee Benefits | $222,248 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | $131,786 | - | $131,786 |
| Current Officers, Directors, Trustees, and Key Employees | - | $71,832 | - | $71,832 |
| Depreciation Depletion | - | $56,905 | - | $56,905 |
| Fees for Services Other | $19,917 | $14,690 | - | $34,607 |
| Travel | $25,013 | $5,513 | - | $30,526 |
| Office Expenses | $52 | $24,266 | - | $24,318 |
| Advertising | $12,293 | $10,980 | - | $23,273 |
| Payroll Taxes | $2,317 | $16,313 | - | $18,630 |
| Fees for Services Accounting | $8,253 | $4,347 | - | $12,600 |
| Insurance | $5,333 | $3,768 | - | $9,101 |
| Conferences and Meetings | $1,166 | $3,280 | - | $4,446 |
| Fees for Services Legal | $1,161 | $609 | - | $1,770 |
| Information Technology | $480 | $975 | - | $1,455 |
| Other Expenses | $500 | $465 | - | $500 |
| All Other Expenses | - | $250 | - | $250 |
| Total Functional Expenses | $122,293 | $534,245 | $0 | $656,538 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $155,937 |
| Fundraising Gross Income | $104,386 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Navy Ball | $104,386 | $104,386 | $44,052 | $60,334 |
| Total Events | $104,386 | $104,386 | $44,052 | $60,334 |
“The chief executive officer and board treasurer reviewed and submitted copies to the finance and executive committees of the board of directors for their review prior to filing the final return.”
“Available upon written request”
“1.lone sailor park: the monument was formally placed at the lakefront and introduced to the community in october. This was the most significant event of the year, fully funded through donations-to and efforts-of the board and select volunteers. It is intended to memorialize the sea services, and in fact all military branches, while enhancing the city of cleveland, cuyahoga county and really all ohio as well as our nation at large. Our lone sailor park would go on to be recognized as an award- winning design. 2.navy ball - october, we organized and "sponsored" the 300 seat event and fund raiser at aviator event center. 3.fund raising - ongoing development efforts continue 365. See our general ledger and financials for details. The community outreach brings our mission to the attention of the business and general public communities. Stewardship of donations is a paramount task which we administer with conscience and determination. 4.the beginning of a reorganization that manifested itself in 2025. This in preparation for a busy year and improving the overall administration of the foundation. 5.various smaller events that recognized the crew of lcs-31. This is our mission, so any and all such gatherings, smaller sponsorships and hosted events are in support of the crew and the command triad (ship's skipper, xo and chief of the boat) 6.review and edit our foundation bylaws. I introduced the need for a "scrubbing" of our bylaws after five (5) years of operations as an appropriate step to assure we remain vigilant of circumstances over time. Recommendations were made and presented to the then executive committee for consideration. 7.scheduled board meetings, and also special meetings when required, to meet our expectations and cadence as set forward in our bylaws. A quorum is always met in order to proceed. 8.recruitment and onboarding of additional (and backfill) board members.”
“Ussclf complies with fasb asc 740 - accounting for uncertainty in income taxes. Fasb asc 740 details how companies should recognize, measure, present and disclose uncertain tax positions that have been or are expected to be taken. As such, the financial statements would reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the position and all relevant facts, if they existed. The management of uss believes that there are no uncertain tax positions. Ussclf's tax years that remain subject to examination by the internal revenue service are fiscal years ended december 31, 2021 and forward.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 275764 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 179000 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO SEND USS CLEVELAND TO THE FLEET WITH THE GREATEST START POSSIBLE, TO SUPPORT THE SHIP AND CREW THROUGHOUT HER SERVICE LIFE, AND TO WELCOME HER HOME TO CLEVELAND AT THE COMPLETION OF HER NAVAL SERVICE. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 10980 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 12293 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 23273 |
| IRS990/AllOtherContributionsAmt | 0 | 455794 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 250 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 250 |
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| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | RICHARD DECARLO |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2167892139 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1001 LAKESIDE AVE SUITE 1520 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CLEVELAND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 44114 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1375397 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 71832 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
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| IRS990/CompensationProcessOtherInd | 0 | false |
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| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 1166 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4446 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
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| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -235306 |
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| IRS990/CYTotalExpensesAmt | 0 | 656538 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
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| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 56905 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 56905 |
| IRS990/Desc | 0 | 1.LONE SAILOR PARK: THE MONUMENT WAS FORMALLY PLACED AT THE LAKEFRONT AND INTRODUCED TO THE COMMUNITY IN OCTOBER. THIS WAS THE MOST SIGNIFICANT EVENT OF THE YEAR, FULLY FUNDED THROUGH DONATIONS-TO AND EFFORTS-OF THE BOARD AND SELECT VOLUNTEERS. IT IS INTENDED TO MEMORIALIZE THE SEA SERVICES, AND IN FACT ALL MILITARY BRANCHES, WHILE ENHANCING THE CITY OF CLEVELAND, CUYAHOGA COUNTY AND REALLY ALL OHIO AS WELL AS OUR NATION AT LARGE. OUR LONE SAILOR PARK WOULD GO ON TO BE RECOGNIZED AS AN AWARD- WINNING DESIGN. 2.NAVY BALL - OCTOBER, WE ORGANIZED AND "SPONSORED" THE 300 SEAT EVENT AND FUND RAISER AT AVIATOR EVENT CENTER. 3.FUND RAISING - ONGOING DEVELOPMENT EFFORTS CONTINUE 365. SEE OUR GENERAL LEDGER AND FINANCIALS FOR DETAILS. THE COMMUNITY OUTREACH BRINGS OUR MISSION TO THE ATTENTION OF THE BUSINESS AND GENERAL PUBLIC COMMUNITIES. STEWARDSHIP OF DONATIONS IS A PARAMOUNT TASK WHICH WE ADMINISTER WITH CONSCIENCE AND DETERMINATION. 4.THE BEGINNING OF A REORGANIZATION THAT MANIFESTED ITSELF IN 2025. THIS IN PREPARATION FOR A BUSY YEAR AND IMPROVING THE OVERALL ADMINISTRATION OF THE FOUNDATION. 5.VARIOUS SMALLER EVENTS THAT RECOGNIZED THE CREW OF LCS-31. THIS IS OUR MISSION, SO ANY AND ALL SUCH GATHERINGS, SMALLER SPONSORSHIPS AND HOSTED EVENTS ARE IN SUPPORT OF THE CREW AND THE COMMAND TRIAD (SHIP'S SKIPPER, XO AND CHIEF OF THE BOAT) 6.REVIEW AND EDIT OUR FOUNDATION BYLAWS. I INTRODUCED THE NEED FOR A "SCRUBBING" OF OUR BYLAWS AFTER FIVE (5) YEARS OF OPERATIONS AS AN APPROPRIATE STEP TO ASSURE WE REMAIN VIGILANT OF CIRCUMSTANCES OVER TIME. RECOMMENDATIONS WERE MADE AND PRESENTED TO THE THEN EXECUTIVE COMMITTEE FOR CONSIDERATION. 7.SCHEDULED BOARD MEETINGS, AND ALSO SPECIAL MEETINGS WHEN REQUIRED, TO MEET OUR EXPECTATIONS AND CADENCE AS SET FORWARD IN OUR BYLAWS. A QUORUM IS ALWAYS MET IN ORDER TO PROCEED. 8.RECRUITMENT AND ONBOARDING OF ADDITIONAL (AND BACKFILL) BOARD MEMBERS. |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 12600 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CHRIS GARAZATUA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JERMEY KOMASZ |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | VICE CHAIRMA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
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| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
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| IRS990/FundraisingGrossIncomeAmt | 0 | 104386 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 14 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/IndependentVotingMemberCnt | 0 | 14 |
| IRS990/IndoorTanningServicesInd | 0 | false |
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| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 975 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 480 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 1455 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 3768 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INVESTMENT IN CLEVELAND FOUNDATION |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | USSCLF COMPLIES WITH FASB ASC 740 - ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740 DETAILS HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS THAT HAVE BEEN OR ARE EXPECTED TO BE TAKEN. AS SUCH, THE FINANCIAL STATEMENTS WOULD REFLECT EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE POSITION AND ALL RELEVANT FACTS, IF THEY EXISTED. THE MANAGEMENT OF USS BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. USSCLF'S TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE FISCAL YEARS ENDED DECEMBER 31, 2021 AND FORWARD. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 1.LONE SAILOR PARK: THE MONUMENT WAS FORMALLY PLACED AT THE LAKEFRONT AND INTRODUCED TO THE COMMUNITY IN OCTOBER. THIS WAS THE MOST SIGNIFICANT EVENT OF THE YEAR, FULLY FUNDED THROUGH DONATIONS-TO AND EFFORTS-OF THE BOARD AND SELECT VOLUNTEERS. IT IS INTENDED TO MEMORIALIZE THE SEA SERVICES, AND IN FACT ALL MILITARY BRANCHES, WHILE ENHANCING THE CITY OF CLEVELAND, CUYAHOGA COUNTY AND REALLY ALL OHIO AS WELL AS OUR NATION AT LARGE. OUR LONE SAILOR PARK WOULD GO ON TO BE RECOGNIZED AS AN AWARD- WINNING DESIGN. 2.NAVY BALL - OCTOBER, WE ORGANIZED AND "SPONSORED" THE 300 SEAT EVENT AND FUND RAISER AT AVIATOR EVENT CENTER. 3.FUND RAISING - ONGOING DEVELOPMENT EFFORTS CONTINUE 365. SEE OUR GENERAL LEDGER AND FINANCIALS FOR DETAILS. THE COMMUNITY OUTREACH BRINGS OUR MISSION TO THE ATTENTION OF THE BUSINESS AND GENERAL PUBLIC COMMUNITIES. STEWARDSHIP OF DONATIONS IS A PARAMOUNT TASK WHICH WE ADMINISTER WITH CONSCIENCE AND DETERMINATION. 4.THE BEGINNING OF A REORGANIZATION THAT MANIFESTED ITSELF IN 2025. THIS IN PREPARATION FOR A BUSY YEAR AND IMPROVING THE OVERALL ADMINISTRATION OF THE FOUNDATION. 5.VARIOUS SMALLER EVENTS THAT RECOGNIZED THE CREW OF LCS-31. THIS IS OUR MISSION, SO ANY AND ALL SUCH GATHERINGS, SMALLER SPONSORSHIPS AND HOSTED EVENTS ARE IN SUPPORT OF THE CREW AND THE COMMAND TRIAD (SHIP'S SKIPPER, XO AND CHIEF OF THE BOAT) 6.REVIEW AND EDIT OUR FOUNDATION BYLAWS. I INTRODUCED THE NEED FOR A "SCRUBBING" OF OUR BYLAWS AFTER FIVE (5) YEARS OF OPERATIONS AS AN APPROPRIATE STEP TO ASSURE WE REMAIN VIGILANT OF CIRCUMSTANCES OVER TIME. RECOMMENDATIONS WERE MADE AND PRESENTED TO THE THEN EXECUTIVE COMMITTEE FOR CONSIDERATION. 7.SCHEDULED BOARD MEETINGS, AND ALSO SPECIAL MEETINGS WHEN REQUIRED, TO MEET OUR EXPECTATIONS AND CADENCE AS SET FORWARD IN OUR BYLAWS. A QUORUM IS ALWAYS MET IN ORDER TO PROCEED. 8.RECRUITMENT AND ONBOARDING OF ADDITIONAL (AND BACKFILL) BOARD MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CHIEF EXECUTIVE OFFICER AND BOARD TREASURER REVIEWED AND SUBMITTED COPIES TO THE FINANCE AND EXECUTIVE COMMITTEES OF THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING THE FINAL RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | AVAILABLE UPON WRITTEN REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 19 |
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