Civic Intelligence

Colorado Broadcasters Association

EIN 84-6059736 • 501(c)6 • Littleton, CO

Profile

To promote & develop the art of radio & tv broadcasting

10488 W Centennial Rd Suite 405Littleton, CO 80127

www.coloradobroadcasters.org

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.04x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

79th percentile

17%

Higher net margin than 79% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

40th percentile

2.5%

Faster asset growth than 40% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-14%

Faster revenue growth than 10% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,667,310

Up $64,578 (+2.5%) from 2022

Liabilities

Down

$31,392

Down $47,900 (-60%) from 2022

Net Assets

Up

$2,635,918

Up $112,478 (+4.5%) from 2022

Revenue

Down

$848,371

Down $134,157 (-14%) from 2022

Expenses

Down

$703,900

Down $24,220 (-3.3%) from 2022

Net Income

Down

$144,471

Down $109,937 (-43%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $771,838Liabilities 2011: $9,782Net Assets 2011: $762,0562011Assets 2012: $783,946Liabilities 2012: $66,836Net Assets 2012: $717,1102012Assets 2013: $960,099Liabilities 2013: $65,712Net Assets 2013: $894,3872013Assets 2014: $1,095,288Liabilities 2014: $45,816Net Assets 2014: $1,049,4722014Assets 2015: $1,113,647Liabilities 2015: $102,477Net Assets 2015: $1,011,1702015Assets 2016: $1,154,660Liabilities 2016: $67,384Net Assets 2016: $1,087,2762016Assets 2017: $1,378,873Liabilities 2017: $51,037Net Assets 2017: $1,327,8362017Assets 2018: $1,561,934Liabilities 2018: $94,152Net Assets 2018: $1,467,7822018Assets 2019: $1,893,730Liabilities 2019: $103,388Net Assets 2019: $1,790,3422019Assets 2020: $1,943,981Liabilities 2020: $31,612Net Assets 2020: $1,912,3692020Assets 2021: $2,673,625Liabilities 2021: $86,054Net Assets 2021: $2,587,5712021Assets 2022: $2,602,732Liabilities 2022: $79,292Net Assets 2022: $2,523,4402022Assets 2023: $2,667,310Liabilities 2023: $31,392Net Assets 2023: $2,635,9182023

Highlighted filing

2023

Assets$2,667,310
Liabilities$31,392
Net Assets$2,635,918

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2011: $483,518Expenses 2011: $418,739Net Income 2011: $64,7792011Expenses 2012: $363,1282012Expenses 2013: $455,5532013Revenue 2014: $532,580Expenses 2014: $449,801Net Income 2014: $82,7792014Revenue 2015: $427,557Expenses 2015: $418,341Net Income 2015: $9,2162015Revenue 2016: $594,000Expenses 2016: $503,003Net Income 2016: $90,9972016Revenue 2017: $864,700Expenses 2017: $681,062Net Income 2017: $183,6382017Revenue 2018: $783,215Expenses 2018: $643,269Net Income 2018: $139,9462018Revenue 2019: $1,069,808Expenses 2019: $747,248Net Income 2019: $322,5602019Revenue 2020: $706,655Expenses 2020: $584,628Net Income 2020: $122,0272020Revenue 2021: $1,290,247Expenses 2021: $615,045Net Income 2021: $675,2022021Revenue 2022: $982,528Expenses 2022: $728,120Net Income 2022: $254,4082022Revenue 2023: $848,371Expenses 2023: $703,900Net Income 2023: $144,4712023

Highlighted filing

2023

Revenue$848,371
Expenses$703,900
Net Income$144,471

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.67$0.03$2.64$0.85$0.70$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.08$2.52$0.98$0.73$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.09$2.59$1.29$0.62$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.03$1.91$0.71$0.58$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.10$1.79$1.07$0.75$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.09$1.47$0.78$0.64$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.05$1.33$0.86$0.68$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.07$1.09$0.59$0.50$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.10$1.01$0.43$0.42$0.01
2014Summary only. Only limited summary data is available for this year.$1.10$0.05$1.05$0.53$0.45$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.07$0.89$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.07$0.72$0.36
2011Summary only. Only limited summary data is available for this year.$0.77$0.01$0.76$0.48$0.42$0.06
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 27, 2023
Return Version
2021v4.0
Gross Receipts
$982,528
Mission and Program Overview

Mission

To Promote and develop the art of radio and TV broadcasting

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$1,846,679-
Cash and Non-Interest-Bearing Accounts$886,522$403,110▼ $483,412
Savings and Temporary Cash Investments$1,694,870$299,143▼ $1,395,727
Accounts Receivable$88,566$50,826▼ $37,740
Land, Buildings, and Equipment, Net$2,642$1,949▼ $693
Prepaid Expenses and Deferred Charges$1,025$1,025→ $0
Total Assets$2,673,625$2,602,732▼ $70,893
Liabilities
Accounts Payable and Accrued Expenses$30,601$38,608▲ $8,007
Deferred Revenue$29,022$34,220▲ $5,198
Other Liabilities$26,431$6,464▼ $19,967
Total Liabilities$86,054$79,292▼ $6,762
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,587,571$2,523,440▼ $64,131
Total Net Assets Fund Balance$2,587,571$2,523,440▼ $64,131
Total Liabilities and Net Assets / Fund Balance$2,673,625$2,602,732▼ $70,893

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,949$18,504$20,453
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin SassoPresident anFT$289,860$4,132$293,992
Justin SassoPresident and CEO-$289,860$4,132$293,992

Board Members and Trustees

NameTitle
Sandra ZoldowskiBoard Chair
Brenda EggerBoard Vice-c
Bob CallDirector
Dan SmithDirector
Gary BuchananDirector
Jessica FariasDirector
Lindsay SalazarDirector
Nick MatesiDirector
Pete BenedettiDirector
Tammy TerwelpDirector
Tatiana ArguelloDirector
Tony GarciaDirector
Wayne JohnsonDirector
Dean LittletonSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$85,587
Program Service Revenue
$773,320
Investment Income
$121,694
Other Revenue
$1,927
Change in Net Assets
$254,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$982,528
Revenue Not Reported on Form 990
$-318,539
Total Revenue per Audited Statements
$663,989
Total Revenue per Form 990
$982,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$532,255
Salaries, Compensation, and Employee Benefits$180,865
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$261,922
Current Officers, Directors, Trustees, and Key Employees---$170,238
Conferences and Meetings---$114,992
Fees for Service Investment Mgmnt Fees---$20,575
Fees for Services Legal---$16,177
Advertising---$15,271
Grants to Domestic Individuals---$15,000
Occupancy---$12,949
Fees for Services Accounting---$12,195
Travel---$10,657
All Other Expenses---$9,282
Payroll Taxes---$6,986
Office Expenses---$6,976
Insurance---$4,971
Other Expenses---$4,625
Pension Plan Contributions---$3,641
Information Technology---$1,020
Depreciation Depletion---$693
Total Functional Expenses$0$0$0$728,120

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$728,120
Total Expenses per Audited Statements$728,120
Total Expenses per Form 990$728,120
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Liabilities$6,464
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
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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Cba is business membership organization, with radio, tv and association business members. Individual memberships are not offered.

Form 990, Page 6, Part VI, Line 7A

The membership has the power to annually elect new board candidates and/or incumbents. All cba members in good standing are invited to vote. Appointments to the board are reserved for scenarios where a board member resigns unexpectedly and there is more than six months until the next election. In that scenario, the remaining board members appoint a new board member to complete the resigned board member's term.

Form 990, Page 6, Part VI, Line 11B

Draft of the form 990 is provided to the executive board members for review, prior to filing.

Form 990, Page 6, Part VI, Line 12C

Persons covered by the policy will annually disclose or update the chairman of the board on a form provided by cba their interests that could give rise to conflicts of interest. For each interest disclosed to the chairmen of the bod, the chairmen will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the organization or,if the person refuses to resign, become subject to possible removal in accordance with the organizations removal procedures. The organizations chief employed executive and chief employed finance executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Form 990, Page 6, Part VI, Line 15A

(1) review and approval by the board of directors or comp committee (2) use of data as to comparable compensation (3) contemporaneous documentation and recordkeeping

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request during regular business hours.

Filing and Contact Details

Filer

Filer Name
Colorado Broadcasters Association
EIN
84-6059736
Phone
7205365427
Address
10488 W CENTENNIAL RD SUITE 405, LITTLETON, CO 80127

Signing Officer

Name
Justin Sasso
Title
President and CEO
Phone
7205365427
Signed
2023-10-27

Organization Details

Principal Officer
Sandra Zoldowski
Formed
1949
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
11

Preparer

Firm
Stuhr & Associates LLC
Address
620 MAIN ST STE 12, FRISCO, CO 80443
Preparer
Jolene R Reddell
Phone
9706685516
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Formed in 1949 as a non-profit trade organization, the colorado broadcasters association (cba) has a long history of service to broadcasters and citizens of the state. Over the years the cba has provided thousands of dollars for college scholarships, worked to provide public media access to the courts and fought to open public records. Among its many activities, the cba is probably best known for its annual awards of excellence, which honor broadcasters service to their communities. Representing broadcasters, both public and private, the association interacts with state and national officials and trade groups to further the business of broadcasting.

Form 990, Part IX, Line 11G

Lobbyist 21,200 0 0 ncsa production/tracking 6,800 0 0 abip 25,931 0 0 ascertainment 2,000 0 0 nielsen 9,000 0 0 administrative assistant 30,015 0 0 ncsa assistant 25,100 0 0 ncsa commission 43,900 0 0 sales commissions 97,976 0 0 total 261,922 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD VICE-C
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IRS990/OtherExpensesGrp/Desc0LOCALBROADCASTSALES.COM
IRS990/OtherExpensesGrp/Desc1SEMINARS/WEBINARS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3P1 TRAINING
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IRS990/OtherExpensesGrp/TotalAmt26577
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IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL AWARDS BANQUET & SPONS
IRS990/ProgramServiceRevenueGrp/Desc2ABIP & OTHER PROGRAM SERVICE
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE PAID DIRECTLY TO THE ENTITY PROVIDING THE TRAINING PROGRAM FOR THE RECIPIENT.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1COLORADO BROADCAST ASSOCIATION (CBA) AWARDS APPLICANTS SCHOLARSHIPS FROM THEIR BROADCAST EDUCATION & DEVELOPMENT PROGRAM. APPLICANTS MAY APPLY FOR UP TO 1,000.00 TOWARD A PROGRAM OF THEIR CHOOSING. STATION APPLICATIONS MAY APPLY FOR A TOTAL OF UP TO 3,000 PER FISCAL YEAR. THE PROGRAM IS TO HELP COVER THE GROWING COSTS OF CONTINUED EDUCATION PROGRAMS AND HELP APPLICANTS AFFORD TRAINING OPPORTUNITIES. IN THE PAST THE BROADCAST EDUCATION & DEVELOPMENT PROGRAM HAS AWARDED SCHOLARSHIP FUNDS FOR A WIDE RANGE OF TRAINING AND CONFERENCES, INCLUDING: ONLINE NEWS ASSOCIATION CONFERENCE COUNTRY RADIO SEMINAR PUBLIC MEDIA DEVELOPMENT & MARKETING CONFERENCE THE CUTTING EDGE PROS PRODUCTION TOUR MORNING SHOW BOOT CAMP REGIS UNIVERSITY-BUSINESS FINANCE SPANISH IS FUN COURSES ADVANCED SOCIAL MEDIA STRATEGY ADOBE AUDITION TRAINING HUMAN RESOURCE MANAGEMENT CERTIFICATION RAB CERTIFIED DIGITAL MARKETING CONSULTANT OPEN MEDIA FOUNDATION NATIONAL FEDERATION OF COMMUNITY BROADCASTERS LEADERSHIP PUEBLO PROGRAM CENTER FOR DIGITAL STORYTELLING
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04132
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JUSTIN SASSO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORMED IN 1949 AS A NON-PROFIT TRADE ORGANIZATION, THE COLORADO BROADCASTERS ASSOCIATION (CBA) HAS A LONG HISTORY OF SERVICE TO BROADCASTERS AND CITIZENS OF THE STATE. OVER THE YEARS THE CBA HAS PROVIDED THOUSANDS OF DOLLARS FOR COLLEGE SCHOLARSHIPS, WORKED TO PROVIDE PUBLIC MEDIA ACCESS TO THE COURTS AND FOUGHT TO OPEN PUBLIC RECORDS. AMONG ITS MANY ACTIVITIES, THE CBA IS PROBABLY BEST KNOWN FOR ITS ANNUAL AWARDS OF EXCELLENCE, WHICH HONOR BROADCASTERS SERVICE TO THEIR COMMUNITIES. REPRESENTING BROADCASTERS, BOTH PUBLIC AND PRIVATE, THE ASSOCIATION INTERACTS WITH STATE AND NATIONAL OFFICIALS AND TRADE GROUPS TO FURTHER THE BUSINESS OF BROADCASTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CBA IS BUSINESS MEMBERSHIP ORGANIZATION, WITH RADIO, TV AND ASSOCIATION BUSINESS MEMBERS. INDIVIDUAL MEMBERSHIPS ARE NOT OFFERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERSHIP HAS THE POWER TO ANNUALLY ELECT NEW BOARD CANDIDATES AND/OR INCUMBENTS. ALL CBA MEMBERS IN GOOD STANDING ARE INVITED TO VOTE. APPOINTMENTS TO THE BOARD ARE RESERVED FOR SCENARIOS WHERE A BOARD MEMBER RESIGNS UNEXPECTEDLY AND THERE IS MORE THAN SIX MONTHS UNTIL THE NEXT ELECTION. IN THAT SCENARIO, THE REMAINING BOARD MEMBERS APPOINT A NEW BOARD MEMBER TO COMPLETE THE RESIGNED BOARD MEMBER'S TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DRAFT OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE BOARD MEMBERS FOR REVIEW, PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERSONS COVERED BY THE POLICY WILL ANNUALLY DISCLOSE OR UPDATE THE CHAIRMAN OF THE BOARD ON A FORM PROVIDED BY CBA THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. FOR EACH INTEREST DISCLOSED TO THE CHAIRMEN OF THE BOD, THE CHAIRMEN WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ORGANIZATION OR,IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ORGANIZATIONS REMOVAL PROCEDURES. THE ORGANIZATIONS CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5(1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OR COMP COMMITTEE (2) USE OF DATA AS TO COMPARABLE COMPENSATION (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LOBBYIST 21,200 0 0 NCSA PRODUCTION/TRACKING 6,800 0 0 ABIP 25,931 0 0 ASCERTAINMENT 2,000 0 0 NIELSEN 9,000 0 0 ADMINISTRATIVE ASSISTANT 30,015 0 0 NCSA ASSISTANT 25,100 0 0 NCSA COMMISSION 43,900 0 0 SALES COMMISSIONS 97,976 0 0 TOTAL 261,922 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02023-04-26 12:10:37Z

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