Civic Intelligence

Western Dairyfarmers Promotion

990 • Fiscal year 2017 • EIN 84-0623598

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

12134 Grant CircleThornton, CO 80241

(303) 451-7721

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.13x

Higher debt load relative to assets than 42% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.07x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

88th percentile

21%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

79th percentile

$234,867

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

37%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

6.5%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,476,281

Up $672,674 (+37%) from 2016

Net Assets

Up

$2,160,997

Up $900,766 (+71%) from 2016

Liabilities

Down

$315,284

Down $228,092 (-42%) from 2016

Revenue

Up

$4,266,889

Up $261,397 (+6.5%) from 2016

Expenses

Down

$3,366,123

Down $578,516 (-15%) from 2016

Net Income

Up

$900,766

Up $839,913 (+1380%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,180,336Liabilities 2010: $551,054Net Assets 2010: $1,629,2822010Assets 2011: $2,094,972Liabilities 2011: $700,555Net Assets 2011: $1,394,4172011Assets 2012: $1,950,790Liabilities 2012: $673,253Net Assets 2012: $1,277,5372012Assets 2013: $1,764,684Liabilities 2013: $657,189Net Assets 2013: $1,107,4952013Assets 2014: $1,591,299Liabilities 2014: $590,055Net Assets 2014: $1,001,2442014Assets 2015: $1,849,764Liabilities 2015: $650,386Net Assets 2015: $1,199,3782015Assets 2016: $1,803,607Liabilities 2016: $543,376Net Assets 2016: $1,260,2312016Assets 2017: $2,476,281Liabilities 2017: $315,284Net Assets 2017: $2,160,9972017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$2,476,281
Liabilities$315,284
Net Assets$2,160,997

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,161,3572010Expenses 2011: $3,544,1282011Expenses 2012: $3,606,8402012Revenue 2013: $3,561,969Expenses 2013: $3,732,011Net Income 2013: -$170,0422013Revenue 2014: $3,743,299Expenses 2014: $3,849,550Net Income 2014: -$106,2512014Revenue 2015: $3,849,872Expenses 2015: $3,651,738Net Income 2015: $198,1342015Revenue 2016: $4,005,492Expenses 2016: $3,944,639Net Income 2016: $60,8532016Revenue 2017: $4,266,889Expenses 2017: $3,366,123Net Income 2017: $900,7662017Revenue 2018: $1,108,965Expenses 2018: $915,766Net Income 2018: $193,1992018

Highlighted filing

2017

Revenue$4,266,889
Expenses$3,366,123
Net Income$900,766
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$4,266,889
Mission and Program Overview

Mission

Western Dairy Association works on behalf of dairy farm families in Colorado, Montana and Wyoming. WDA is centered on protecting and promoting the image of dairy farms, dairy farmers, and dairy products, and increasing sales and consumer confidence for dairy milk, cheese and yogurt. All activities are developed with strategic partnerships; education to communities about the local value and contributions of dairy farms; education about the health and nutrition benefits of dairy products within schools and amongst health professionals; working with dairy processors and targeted projects; and education audiences and consumers about the nutritional value of dairy.

Western dairy association is dedicated to increasing demand and driving sales in dairy products, in colorado, wyoming and montana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$885,229$1,876,312▲ $991,083
Accounts Receivable$376,247$382,040▲ $5,793
Savings and Temporary Cash Investments$274,002$0▼ $274,002
Investments Other Securities$126,918$97,822▼ $29,096
Prepaid Expenses and Deferred Charges$46,628$75,742▲ $29,114
Inventories for Sale or Use$53,116$0▼ $53,116
Land, Buildings, and Equipment, Net$41,467$44,365▲ $2,898
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,803,607$2,476,281▲ $672,674
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$416,458$217,462▼ $198,996
Other Liabilities$126,918$97,822▼ $29,096
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$543,376$315,284▼ $228,092
Net Assets / Fund Balance
Unrestricted Net Assets$1,260,231$2,160,997▲ $900,766
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,260,231$2,160,997▲ $900,766
Total Liabilities and Net Assets / Fund Balance$1,803,607$2,476,281▲ $672,674

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,984$397,904$419,888
Other Land Buildings$7,201$54,938$62,139
Leasehold Improvements$15,180$7,231$22,411
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia FrenchFormer Officer-$234,867$234,867$234,867
William J KeatingVice PresidentFT$105,772$21,706$127,478
Darlene CliffordINTERIM CEO til 4/17FT$64,765$34,284$99,049
Jim WebbVice Chairman-$12,055-$12,055
Rick PodtburgChairman of the Board-$11,857-$11,857
Tim Bernhardttreasurer-$9,698-$9,698
Michelle Shelly DickinsonDirector-$5,490-$5,490
Mary KraftDirector-$4,070-$4,070
Seth GeorgeDirector-$3,645-$3,645
Foy ChapinDirector-$2,185-$2,185

Board Members and Trustees

NameTitle
Michael KonkleCEO
Ronald SheltonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,263,948
Investment Income
$2,916
Other Revenue
$25
Change in Net Assets
$900,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,266,889
Total Revenue per Audited Statements
$4,266,889
Total Revenue per Form 990
$4,266,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,336,585
Salaries, Compensation, and Employee Benefits$972,255
Grants and Similar Amounts Paid$57,283
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$1,145,681
Other Salaries and Wages---$607,662
Other Employee Benefits---$162,199
Current Officers, Directors, Trustees, and Key Employees---$148,049
Travel---$124,350
Occupancy---$81,308
Fees for Services Accounting---$76,552
Office Expenses---$76,461
Grants to Domestic Orgs---$57,283
Payroll Taxes---$54,783
Information Technology---$38,067
Depreciation Depletion---$29,468
Fees for Services Other---$25,179
Insurance---$15,126
All Other Expenses---$11,529
Fees for Services Legal---$6,394
Other Expenses---$4,063
Conferences and Meetings---$3,006
Pension Plan Contributions---$-438
Total Functional Expenses$0$0$0$3,366,123

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,366,123
Total Expenses per Audited Statements$3,366,123
Total Expenses per Form 990$3,366,123
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Youth Improved Incgenyouth FoundationRosemont, IL501(c)(3)Child Nutrition$54,384
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Comp Liability$97,822
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Western Dairy Association
EIN
84-0623598
In Care Of
% MICHAEL KONKLE
Phone
3034517721
Address
12134 GRANT CIRCLE, THORNTON, CO 80241

Signing Officer

Name
Michael Konkle
Title
CEO
Phone
3034517721
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Konkle
Formed
1972
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
17
Volunteers
3

Preparer

Firm
Ernst & Young US Llp
Address
155 N Wacker Drive, Chicago, IL 60606
Preparer
Tamara Tarazi
Phone
3128792000
Supplemental Narrative

Additional Explanations

Documentation of Meetings of Committees

Form 990, part vi, section a, line 8b the organization has no other committees with the authority to act on behalf of the board of directors.

Process used to review the Form 990

Form 990, part vi, section b, line 11b the organization's ceo and cfo review the form 990 prior to filing. The form 990 is available to all board members upon request.

Monitoring and enforcement of compliance with conflict of interest policy

Form 990, part vi, section b, line 12c the organization's conflict of interest policy is reviewed in detail by management and the board of directors annually. Board members are asked to recuse themselves from voting if they are personally involved in a matter that could give rise to conflicts.

Process for determining compensation

Form 990, part vi, section b, line 15a the ceo compensation was reviewed and approved by the board of directors after considering comparability data for similar positions within the same industry.

Process for making documents available to the public

Form 990, part vi, section c, line 19 the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

CEO Compensation

Form 990, part vii, section a michael konkel, ceo of dairy max, also served as the ceo of western dairy association (wda) during 2017. Michael konkel is an employee of dairy management, inc. (dmi) and was compensated $301,170 in 2017 by dmi for services provided to dairy max and wda.

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IRS990/MissionDesc0WESTERN DAIRY ASSOCIATION WORKS ON BEHALF OF DAIRY FARM FAMILIES IN COLORADO, MONTANA AND WYOMING. WDA IS CENTERED ON PROTECTING AND PROMOTING THE IMAGE OF DAIRY FARMS, DAIRY FARMERS, AND DAIRY PRODUCTS, AND INCREASING SALES AND CONSUMER CONFIDENCE FOR DAIRY MILK, CHEESE AND YOGURT. ALL ACTIVITIES ARE DEVELOPED WITH STRATEGIC PARTNERSHIPS; EDUCATION TO COMMUNITIES ABOUT THE LOCAL VALUE AND CONTRIBUTIONS OF DAIRY FARMS; EDUCATION ABOUT THE HEALTH AND NUTRITION BENEFITS OF DAIRY PRODUCTS WITHIN SCHOOLS AND AMONG HEALTH PROFESSIONALS; WORKING WITH DAIRY PROCESSORS AND TARGETED PROJECTS; AND EDUCATING AUDIENCES AND CONSUMERS ABOUT THE NUTRITIONAL VALUE OF DAIRY.
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IRS990/NetAssetsOrFundBalancesEOYAmt02160997
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IRS990/OccupancyGrp/TotalAmt081308
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0162199
IRS990/OtherExpensesGrp/Desc0NUTRITION & COMMUNICATION
IRS990/OtherExpensesGrp/Desc1INDUSTRY RELATIONS
IRS990/OtherExpensesGrp/Desc2TAXES & LICENSES
IRS990/OtherExpensesGrp/Desc3TEMPORARY STAFFING
IRS990/OtherExpensesGrp/TotalAmt0662548
IRS990/OtherExpensesGrp/TotalAmt132055
IRS990/OtherExpensesGrp/TotalAmt24798
IRS990/OtherExpensesGrp/TotalAmt34063
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IRS990/PayrollTaxesGrp/TotalAmt054783
IRS990/PensionPlanContributionsGrp/TotalAmt0-438
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046628
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt075742
IRS990/PrincipalOfficerNm0MICHAEL KONKLE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PRODUCER/DISTRIBUTOR RELATIONS
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04082724
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1181224
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04082724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1181224
IRS990/ProgSrvcAccomActy2Grp/Desc0PRODUCER RELATIONS & INDUSTRY IMAGE AND RELATIONS Programs to support the national and regional non branded dairy promotion program WDA is dedicated to gaining the public trust and enhancing dairys image by showcasing the value of having a "best in class" dairy industry in the region. Through its communications, issues management, crisis preparedness and dairy farmer image, the over-arching industry image and relations (II&R) goals are to maintain and build awareness of and support for the dairy checkoff program among dairy producers and the dairy industry; help maintain and grow public confidence in dairy producers, dairy products and the dairy industry; the producer relations and industry image and relations program will be developed with nine core competencies.
IRS990/ProgSrvcAccomActy3Grp/Desc0CHILD NUTRITION AND FITNESS PROGRAM DEDICATED TO SCHOOLS IN THE WESTERN DAIRY ASSOCIATION MARKET STATES TO ENHANCE THE HEALTH AND NUTRITION OF CHILDREN IN SCHOOL. FUEL UP TO PLAY 60 (FUTP60) IS DESIGNED TO BUILD ON EXISTING NATIONAL DAIRY COUNCIL HEALTH AND NUTRITION PROGRAMS. THE PROGRAM IS WELL-RECEIVED AS IT HELPS SCHOOLS MEET BASIC NEEDS AND REACH WIDER WELLNESS GOALS. FOR DAIRY, IT MAKES PROGRESS TOWARD DAIRY PRODUCT ACCESS IN SCHOOLS. FUTP60'S INITIAL SUCCESSES HAVE ATTRACTED SUPPORT FROM USDA, MULTIPLE HEALTH ORGANIZATIONS, MEDIA, AND KEY CORPORATIONS. ULTIMATELY, FUTP60 WILL FURTHER CEMENT DAIRY'S LEADERSHIP AROUND THE CHILDRENS HEALTH; MEASURABLY ADVANCE THE HEALTH AND WELLNESS OF AMERICA'S YOUTH; AND ESTABLISH LIFELONG DAIRY CONSUMERS. OVERALL PROGRAM GOALS ARE TO MOBILIZE AND ENGAGE YOUTH IN PARTNERSHIP WITH THE NFL; TO FACILITATE CHANGES IN THE SCHOOL ENVIRONMENT; TO INCREASE ACCESS TO AND CONSUMPTION OF NUTRIENT RICH FOODS (PARTICULARLY LOW-FAT, FAT-FREE DAIRY, FRUITS, VEGETABLES AND WHOLE GRAINS); AND INCREASE OPPORTUNITY FOR AND INVOLVEMENT IN 60 MINUTES OF PHYSICAL ACTIVITY DAILY.
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IRS990/PYOtherExpensesAmt02405763
IRS990/PYOtherRevenueAmt0561
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IRS990/PYSalariesCompEmpBnftPaidAmt01479737
IRS990/PYTotalExpensesAmt03944639
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IRS990/PYTotalRevenueAmt04005492
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097822
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMP LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt04266889
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044365
IRS990ScheduleD/TotalExpensesPerForm990Amt03366123
IRS990ScheduleD/TotalLiabilityAmt097822
IRS990ScheduleD/TotalRevenuePerForm990Amt04266889
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03366123
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IRS990ScheduleI/RecipientTable/CashGrantAmt054384
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHILD NUTRITION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0YOUTH IMPROVED INCGENYOUTH FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0270988546
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010255 W Higgins Road
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Rosemont
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060018
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHEDULE I, PART I, LINE 2 GRANTS ARE AWARDED THROUGH AN APPLICATION PROCESS AVAILABLE TO ALL SCHOOLS IN THE WESTERN DAIRY ASSOCIATION MARKETING REGION. SELECTED SCHOOLS MUST PROVIDE AN ENHANCEMENT TO THEIR CHILD NUTRITION PROGRAM(S), SUCH AS SCHOOL BREAKFAST AND AFTER SCHOOL ACTIVITIES, TO ENCOURAGE INCREASED NUTRITION, INCLUDING DAIRY PRODUCTS FOR SCHOOL CHILDREN. EACH SCHOOL OR SCHOOL DISTRICT IS REQUIRED TO PROVIDE PERIODIC REPORTS ABOUT HOW THE GRANT AWARDS HAVE BEEN UTILIZED WITHIN THEIR SCHOOL ENVIRONMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PROCEDURES FOR MONITORING USE OF ASSISTANCE
IRS990ScheduleI/Total501c3OrgCnt01
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IRS990ScheduleJ/CompensationSurveyInd0X
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0234867
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CYNTHIA FRENCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Former Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0234867
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0CYNTHIA FRENCH RECEIVED A SEVERANCE OF $108,333 IN 2017. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III).

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