Civic Intelligence

Global Credit Union

EIN 91-0620799 • 501(c)14 • Spokane, WA

Profile

The organization is a credit union operated without profit for mutual purposes.

1500 W Fourth AvenueSpokane, WA 99201

www.globalcu.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

1st percentile

0.00x

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

501(c)14 • $50M-$100M nonprofits • Source year 2022

Net Margin

2nd percentile

-28%

Higher net margin than 2% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-59%

Faster revenue growth than 1% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $613,886,782 (-100%) from 2021

Liabilities

Down

$0

Down $562,902,090 (-100%) from 2021

Net Assets

Down

$0

Down $50,984,692 (-100%) from 2021

Revenue

Down

$12,582,433

Down $18,050,704 (-59%) from 2021

Expenses

Down

$16,146,835

Down $9,843,815 (-38%) from 2021

Net Income

Down

-$3,564,402

Down $8,206,889 (-177%) from 2021

Trend Graphs

Balance Sheet Trend

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

$800M$600M$400M$200M$0Assets 2010: $339,389,801Liabilities 2010: $312,268,109Net Assets 2010: $27,121,6922010Assets 2011: $349,386,669Liabilities 2011: $318,159,003Net Assets 2011: $31,227,6662011Assets 2012: $360,946,837Liabilities 2012: $329,491,190Net Assets 2012: $31,455,6472012Assets 2013: $371,182,807Liabilities 2013: $342,274,472Net Assets 2013: $28,908,3352013Assets 2014: $371,127,650Liabilities 2014: $339,348,477Net Assets 2014: $31,779,1732014Assets 2015: $395,165,703Liabilities 2015: $362,578,177Net Assets 2015: $32,587,5262015Assets 2016: $418,249,417Liabilities 2016: $383,626,748Net Assets 2016: $34,622,6692016Assets 2017: $450,068,740Liabilities 2017: $414,144,457Net Assets 2017: $35,924,2832017Assets 2018: $454,156,520Liabilities 2018: $415,138,599Net Assets 2018: $39,017,9212018Assets 2019: $478,348,633Liabilities 2019: $433,743,213Net Assets 2019: $44,605,4202019Assets 2020: $543,383,087Liabilities 2020: $496,685,677Net Assets 2020: $46,697,4102020Assets 2021: $613,886,782Liabilities 2021: $562,902,090Net Assets 2021: $50,984,6922021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $21,633,2352010Expenses 2011: $16,760,8232011Expenses 2012: $18,083,6602012Revenue 2013: $18,455,731Expenses 2013: $18,873,972Net Income 2013: -$418,2412013Revenue 2014: $18,153,982Expenses 2014: $16,976,834Net Income 2014: $1,177,1482014Revenue 2015: $18,021,361Expenses 2015: $17,152,160Net Income 2015: $869,2012015Revenue 2016: $20,637,948Expenses 2016: $18,717,535Net Income 2016: $1,920,4132016Revenue 2017: $23,177,176Expenses 2017: $21,825,835Net Income 2017: $1,351,3412017Revenue 2018: $23,307,868Expenses 2018: $20,066,696Net Income 2018: $3,241,1722018Revenue 2019: $27,569,412Expenses 2019: $22,359,617Net Income 2019: $5,209,7952019Revenue 2020: $27,511,372Expenses 2020: $25,574,263Net Income 2020: $1,937,1092020Revenue 2021: $30,633,137Expenses 2021: $25,990,650Net Income 2021: $4,642,4872021Revenue 2022: $12,582,433Expenses 2022: $16,146,835Net Income 2022: -$3,564,4022022

Highlighted filing

2022

Revenue$12,582,433
Expenses$16,146,835
Net Income-$3,564,402

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Jul 31, 2022
Signed
Jun 8, 2023
Return Version
2022v5.0
Gross Receipts
$50,857,174
Mission and Program Overview

Mission

The organization is a credit union operated without profit for mutual purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$455,635,359$0▼ $455,635,359
Rtn Earn Endowment Incm Other Fnds$50,984,692$0▼ $50,984,692
Investments Other Securities$45,198,410$0▼ $45,198,410
Savings and Temporary Cash Investments$28,081,570$0▼ $28,081,570
Land, Buildings, and Equipment, Net$22,891,723$0▼ $22,891,723
Accounts Receivable$8,955,829$0▼ $8,955,829
Cash and Non-Interest-Bearing Accounts$8,814,312$0▼ $8,814,312
Receivables From Officers Etc$8,163,003$0▼ $8,163,003
Prepaid Expenses and Deferred Charges$2,453,577$0▼ $2,453,577
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$613,886,782$0▼ $613,886,782
Other Assets Total$33,692,999$0▼ $33,692,999
Liabilities
Other Liabilities$550,628,190$0▼ $550,628,190
Mortgage Notes Payable Secured by Investment Property$9,000,000$0▼ $9,000,000
Accounts Payable and Accrued Expenses$3,232,139$0▼ $3,232,139
Escrow Account Liability$41,761$0▼ $41,761
Total Liabilities$562,902,090$0▼ $562,902,090
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,984,692$0▼ $50,984,692
Total Liabilities and Net Assets / Fund Balance$613,886,782$0▼ $613,886,782
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack L Fallis JrPresident/CEO/treasurerFT$470,192$372,527$842,719
Mary StarkeyEvp/chief Operating OfficerFT$175,522$68,767$244,289
Charles T CasselsVP/chief Financial OfficerFT$153,494$58,784$212,278
Kim ShillVP/chief Lending OfficerFT$128,159$49,351$177,510
David CummingsVP/chief Information OfficerFT$109,397$47,534$156,931
Kay KeyserReal Estate Lending ManageFT$78,040$77,364$155,404
Yvonne HollandVP of Branch OperationsFT$92,893$40,593$133,486
Abigail FranklinVP/chief Marketing/strategy OfficerFT$95,592$35,253$130,845

Board Members and Trustees

NameTitle
Thomas a PauleyBoard Chairman
Harold WestbrookBoard Vice Chairman
Marc HughesBoard Secretary
Jose M TortorelliDirector
Millard BuschDirector
Rona RitchieDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Jack Henry & AssociatesincIt/core System License & MaintenancePO BOX 609, Monett, MO 65708$512,576
Ncr CorporationOnline And E-service License & MaintenanPO BOX 740641, Los Angeles, CA 90074-0641$464,316
Cook Security GroupSecurity System Supplier9225 NE CASCADES PKWY, Portland, OR 97220$330,330
Qwest Long Distance Business ServicesceTelecommunicationsPO BOX 52187, Phoenix, AZ 85072$257,872
LoomisArmored Car & CurrencyDEPT CH 1050, Paletine, IL 60055-0500$213,731
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,482,479
Investment Income
$-4,893,316
Other Revenue
$-6,730
Change in Net Assets
$-3,564,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,250,057
Salaries, Compensation, and Employee Benefits$7,896,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,019,786
Current Officers, Directors, Trustees, and Key Employees---$1,633,724
Depreciation Depletion---$1,201,577
Information Technology---$1,183,666
Interest---$775,229
Office Expenses---$630,002
Occupancy---$573,060
Payroll Taxes---$532,978
Other Employee Benefits---$530,739
Advertising---$378,707
Fees for Services Other---$280,794
Other Expenses---$280,476
Travel---$239,404
All Other Expenses---$231,746
Pension Plan Contributions---$179,551
Insurance---$63,943
Conferences and Meetings---$39,364
Fees for Services Accounting---$30,087
Fees for Services Legal---$17,587
Total Functional Expenses$0$0$0$16,146,835
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$5,609
Section 527 Activity Spending$5,609
Total Exempt Function Spending$5,609

Section 527 Organizations

OrganizationLocationAmount
80-0043051Seatac, WA$5,609
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$8,163,003$0▼ $8,163,003
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 6

The organization operates as a credit union consisting of one class of members.

Form 990, Part VI, Section A, Line 7A

Members of the governing body are elected by vote of the credit union members.

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

The credit union's form 990 is reviewed by the chief financial officer who then reports to the president/ceo. The president/ceo then provides a copy of the 990 to be reviewed by the board of directors.

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

The organization's conflict of interest policy is described in the employee handbook. Conflicts of interest are reviewed by management. Depending on the severity of the conflict, employees are placed on probation or terminated. Directors/supervisory committee members must acknowledge the "board of director's ethics/conflict of interest policy" each year, typically in march. The policy strictly prohibits most conflicts (gifts, solicitations, legacies, information interlocks, commission, etc). Loans are the exception, in which case the entire board must approve them individually and they cannot be preferential.

Form 990, Part VI, Section B, Line 15

The process for reviewing the compensation paid to the organization's ceo, officers, and employees includes a compensation study, and review and approval of compensation by a compensation committee.

Form 990, Part VI, Section C, Line 19

The credit union makes governing documents, conflict of interest policy, and financial statements available for public inspection upon request at the main office.

Filing and Contact Details

Filer

Filer Name
Global Credit Union
EIN
91-0620799
Phone
5094554700
Address
1500 W FOURTH AVENUE, SPOKANE, WA 99201

Signing Officer

Name
Charles T Cassels
Title
CFO
Phone
5094554700
Signed
2023-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Fallis
Formed
1954
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
6
Employees
177
Volunteers
10

Preparer

Firm
Moss Adams Llp
Address
601 W RIVERSIDE AVENUE STE 1800, SPOKANE, WA 99201
Preparer
Emina O Cresswell CPA
Phone
5097472600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Global credit union merged into alaska usa credit union on july 31, 2022. -46,425,312.

Financial Statement Notes

PART IV, LINE 2B:

The credit union has short term holdings of member escrow funds that get transmitted to dmi for payments. Dmi services the payments which include county tax payments and insurance. The escrow funds and liability have been assumed by alaska usa credit union as part of the merger.

Raw XML AppendixShowing 400 of 793 raw XML fields

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/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EVP/CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP/CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP/CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP/CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11REAL ESTATE LENDING MANAGE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF BRANCH OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP/CHIEF MARKETING/STRATEGY OFFICER
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IRS990/Form990TFiledInd01
IRS990/FormationYr01954
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt032647646
IRS990/GrossReceiptsAmt050857174
IRS990/GrossRentsGrp/RealAmt0404199
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IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/InformationTechnologyGrp/TotalAmt01183666
IRS990/InsuranceGrp/TotalAmt063943
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IRS990/InterestGrp/TotalAmt0775229
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/LessRentalExpensesGrp/RealAmt0410929
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt00
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-6730
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-6730
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-994978
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0573060
IRS990/OfficeExpensesGrp/TotalAmt0630002
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt033692999
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-46425312
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0530739
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1MERGER RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc2OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3MEMBER SERVICING
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IRS990/OtherExpensesGrp/TotalAmt1801840
IRS990/OtherExpensesGrp/TotalAmt2433687
IRS990/OtherExpensesGrp/TotalAmt3280476
IRS990/OtherLiabilitiesGrp/BOYAmt0550628190
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt05019786
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IRS990/PartialLiquidationInd00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0179551
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IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02453577
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
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IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1VISA/DEBIT CARD INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3FEE INCOME
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/PoliticalExpendituresAmt05609
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0800043051
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CREDIT UNION LEGISLATIVE ACTION FUND
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt05609
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt018000 INTERNATIONAL BLVD SUITE 350
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0SEATAC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd098188
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNIONS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY IS A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION COMMITTEE.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
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IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS SHORT TERM HOLDINGS OF MEMBER ESCROW FUNDS THAT GET TRANSMITTED TO DMI FOR PAYMENTS. DMI SERVICES THE PAYMENTS WHICH INCLUDE COUNTY TAX PAYMENTS AND INSURANCE. THE ESCROW FUNDS AND LIABILITY HAVE BEEN ASSUMED BY ALASKA USA CREDIT UNION AS PART OF THE MERGER.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0470192
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1175522
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2153494
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3128159
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4109397
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt578040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt692893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt795592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0332666
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount154729
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount245987
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount338996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount437433

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