Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 6,014,858 | 4,253,529 | 2,025,214 | 2,595,517 | 676,469 | 15,565,587 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 89,056 | 96,547 | 143,044 | 198,164 | 357,643 | 884,454 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 6,103,914 | 4,350,076 | 2,168,258 | 2,793,681 | 1,034,112 | 16,450,041 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | 16,450,041 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 6,103,914 | 4,350,076 | 2,168,258 | 2,793,681 | 1,034,112 | 16,450,041 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 6,103,914 | 4,350,076 | 2,168,258 | 2,793,681 | 1,034,112 | 16,450,041 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2021 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2021 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2021: | ||||
| a From 2016....... | ||||
| b From 2017....... | ||||
| c From 2018....... | ||||
| d From 2019....... | ||||
| e From 2020....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2021 distributable amount | ||||
|
i
Carryover from 2016 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2021 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2021 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2017..... | ||||
| b Excess from 2018..... | ||||
| c Excess from 2019..... | ||||
| d Excess from 2020..... | ||||
| e Excess from 2021..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | CATAPULT PUTS CREATIVE CAPITAL TO WORK THROUGH EDUCATIONAL AND MENTORING PROGRAMS THAT: SUPPORT THE PROFESSIONAL GROWTH OF ENTREPRENEURS, ARTISANS AND EMERGING LEADERS; HELP ENTREPRENEURS BUILD AND DEVELOP SUSTAINABLE AND VIABLE VENTURES; ENABLES THE DEVELOPMENT OF VISIONARY IDEAS FOR THE LAKELAND, FL COMMUNITY, AS WELL AS CENTRAL FLORIDA; SHOWCASE ENTREPRENEURIAL SUCCESSES AND IDEAS, AS WELL AS ESTABLISH A PLATFORM FOR SOCIAL INTERACTION. |
| FORM 990 | CATAPULT LAKELAND, INC. ENGAGES AND EQUIPS LOCAL ENTREPRENEURS, ARTISANS, AND EMERGING LEADERS WITH A VARIETY OF TOOLS AND RESOURCES TO CREATE A COMMUNITY THAT IS STRONGER, MORE DISTINCTIVE, AND SUSTAINABLE. CATAPULT'S PROGRAM AND OPERATING COSTS ARE FUNDED BY PRIVATE INDIVIDUALS, FOUNDATIONS AND EARNED REVENUE. ALL PROGRAMS TAKE PLACE IN LAKELAND, FLORIDA. AS THE CITY GROWS IN NUMBER, IT IS OUR VISION TO SEE THE CREATION OF A THRIVING ENTREPRENEURIAL-MINDED COMMUNITY. WE WANT TO ASSIST IN THE CREATION AND GROWTH OF COMPANIES THAT ARE GOING TO ADD TO LAKELAND'S DIVERSE INDUSTRY BASE, PROVIDE ADDITIONAL JOBS TO OUR GROWING POPULATION, CONTRIBUTE TO THE OVERALL ENHANCEMENT OF THE CITY'S QUALITY OF LIFE, AND FILL VACANT STOREFRONTS IN OUR CITY. BOARD IN JANUARY, CATAPULT OFFICIALLY MOVED INTO INDEPENDENCE TRANSITIONING FROM AN ADVISORY BOARD TO A BOARD OF DIRECTORS: "CHAIR - LEILA BLACKING, PUBLIX (2-YEAR TERM) "IMMEDIATE PAST CHAIR - CALLIE NESLUND, MOSAIC (2-YEAR TERM) "VICE-CHAIR - STEPHANIE MADDEN, MADDEN BRANDED GOODS & CITY COMMISSIONER (2-YEAR TERM) "AT LARGE - WESLEY BECK, ASPYRE PROPERTIES (3-YEAR TERM) "AT LARGE - BRIAN PHILPOT, AGAMERICA (2-YEAR TERM) "AT LARGE - DAVID HALLOCK, GRAY ROBINSON (1-YEAR TERM) "AT LARGE - BARNEY BARNETT (NO TERM) "MEMBER REP - GILLIAN SMITH, CARAMBOLA CONSULTING (2-YEAR TERM) STAFF AFTER SERVING THE ORGANIZATION FOR 8 YEARS, CHRISTINA GRAHAM, FORMER PRESIDENT, TRANSITIONED OUT OF CATAPULT AS HER FAMILY MOVED TO ARIZONA FOR HER HUSBAND'S JOB. IN SEPTEMBER, CHRISTIN STRAWBRIDGE WHO WAS PREVIOUSLY THE WORKSPACE DIRECTOR STEPPED INTO THE ROLE OF PRESIDENT. AT THE BEGINNING OF OCTOBER, CHRISTIAAN ABBOT WAS HIRED TO SERVE AS ASSOCIATE DIRECTOR. PREVIOUSLY, HE WORKED AT DISNEY CRUISE LINES FOR 20 YEARS AS A CRUISE DIRECTOR, AND IN EXECUTIVE ROLES IN BOTH THE CREATIVE AND OPERATIONAL FIELDS. IN HIS ROLE AT CATAPULT, HE WILL OVERSEE MARKETING, FACILITIES, AND RENTAL ACTIVITIES WHILE ALSO WORKING WITH THE WORKSPACE MEMBERS TO HELP THEM AS THEY WORK TO GROW THEIR BUSINESSES. MID-OCTOBER, JAMIE BROWN BROUGHT HER EXPERIENCE AT PEPSI CO. AND IN THE HOSPITALITY INDUSTRY TO SERVE AS CATAPULT'S FIRST EVENT COORDINATOR. SHE HANDLES ALL REVENUE- GENERATING ROOM BOOKINGS. IN NOVEMBER, TY HARDIN STARTED AS A FACILITIES MANAGER. MAGGIE LEACH CONTINUES TO SERVE AS THE KITCHEN DIRECTOR AND MICHELLE HARVEY CONTINUES TO SERVE AS THE GUEST SERVICES COORDINATOR. CATAPULT MEMBERSHIP OVER THE LAST 5 YEARS, THE CATAPULT STAFF HAS BEEN LASER-FOCUSED ON BUILDING A STATE-OF-THE-ART FACILITY, LED BY CHRISTINA GRAHAM, AND A WONDERFUL TEAM OF COLLABORATORS. THIS HAS LED TO SIGNIFICANT MEMBERSHIP GROWTH THIS YEAR. AS OF NOVEMBER, THERE ARE 246 MEMBERS WORKING FOR 195 DIFFERENT BUSINESSES AT CATAPULT. "COWORKING: 158 "DEDICATED DESK: 16 "PRIVATE OFFICE: 28 "MAKER SPACE: 15 "KITCHEN: 29 CHANGING EDUCATIONAL MODEL OVER THE YEARS, A VARIETY OF PROGRAMS HAVE BEEN OFFERED AT CATAPULT. WHILE SOME OF THESE PROGRAMS WERE SUCCESSFUL, WE REALIZE THAT EVERY COMPANY IS AT A DIFFERENT STAGE IN ITS STARTUP JOURNEY WITH ITS OWN UNIQUE SET OF CHALLENGES. OUT OF A DESIRE TO SERVE THE COMMUNITY, CATAPULT HAS BEEN TRYING TO CATER TO EVERYONE. THE PROGRAMS HAVE BEEN A STRAIN ON RESOURCES FOR MINIMUM RESULTS. THESE PROGRAMS INCLUDE: "STARTUP GRIND "1 MILLION CUPS "TECHSTARS STARTUP WEEKEND "ENTREPRENEUHER "LUNCH AND LEARNS "WORKSHOPS "CODE MEET-UP "INTRO TO ENTREPRENEURSHIP "CO.STARTERS "CATWALK MOVING INTO 2021, THE DESIRE IS TO SEE LOCAL JOB CREATION AND MORE STARTUPS GROWING UNIQUE AND SCALABLE BUSINESSES IN LAKELAND. THEREFORE, CATAPULT IS PIVOTING TO A PROGRAMMING MODEL THAT REFOCUSES ON MEMBERS BY PROVIDING A MORE INTENTIONAL AND TARGETED APPROACH TO SUPPORT STARTUPS THAT ALIGN WITH CATAPULT'S GOALS. THESE STARTUPS ARE KNOWN AS "MISSION-FIT." |
| FORM 990, PAGE 2, PART III, LINE 4A | MISSION-FIT MEMBERS THE FOLLOWING QUALITIES DETERMINE WHETHER A STARTUP'S GOALS ALIGN WITH THE MISSION OF CATAPULT: "BUSINESS IS UNIQUE "BUSINESS IS SCALABLE "FOUNDER IS FOCUSED ON HIRING LOCALLY "FOUNDER IS COACHABLE AND HAS A DESIRE TO GROW "FOUNDER HAS A DESIRE TO LAUNCH FROM CATAPULT INTO A SPACE OF THEIR OWN THE CATAPULT STAFF WILL BE MAXIMIZING NEW AND EXISTING PROGRAMMING TO PROVIDE THE SUPPORT NEEDED IN ORDER TO CONTINUE MAKING LAKELAND A MORE ENTREPRENEURIAL-MINDED COMMUNITY. THIS SUPPORT WILL BE PROVIDED THROUGH THE EXISTING CONSUMER PACKAGED GOODS ACCELERATOR FOR FOOD-BASED BUSINESSES AND THE EXPERTS IN RESIDENCE PROGRAM. CONSUMER PACKAGED GOODS ACCELERATOR AMIDST THE PANDEMIC, CATAPULT HOSTED AN AMENDED VERSION OF THIS PROGRAM TO HELP ENTREPRENEURS TRANSITION SALES TO AN ONLINE FORMAT. THIS YEAR, THE FULL 9-WEEK VERSION OF THIS PROGRAM WAS OFFERED FOR THE FIRST TIME. PARTICIPANTS FROM SIX BUSINESSES WERE ABLE TO LEARN ALL THE FACETS OF PACKING A PRODUCT AND WHAT IS NEEDED TO BRING IT TO A RETAIL ENVIRONMENT. SOME OF THE PROGRAM DELIVERABLES INCLUDE TARGET CUSTOMER PROFILES, FOOD SAFETY PLAN, WHOLESALE STRATEGIC PLAN, PRODUCT PACKAGING EDITS, POINT OF PURCHASE MATERIALS, AND MORE. EXPERTS IN RESIDENCE AFTER SPENDING 40 YEARS AT PUBLIX AS THE DIRECTOR OF CREATIVE SERVICES, IN APRIL, TIM COX JOINED THE CATAPULT TEAM AS OUR FIRST EXPERT IN RESIDENCE TO MENTOR STARTUPS IN THE AREAS OF BRANDING, MARKETING, AND TEAM CULTURE. HE WORKS AT CATAPULT THREE DAYS A WEEK AND HAS MET WITH 81 ENTREPRENEURS AND MADE MORE THAN 30 MEANINGFUL CONNECTIONS FOR MEMBERS. TIM HAS WORKED CLOSELY WITH FOUNDERS AS FOUR COMPANIES HAVE GONE THROUGH A COMPLETE RE- BRAND. SEEING THE SUCCESS FROM TIM'S MEETINGS, WE ARE CURRENTLY TALKING TO PEOPLE IN THE FINANCIAL FIELD TO WORK WITH CATAPULT TO PROVIDE EXPERTISE WHEN IT COMES TO ACCOUNTING, BOOKKEEPING, TAXES, FINANCIAL STATEMENT ANALYSIS, COMPANY VALUATION, AND MORE. THIS PROGRAM WILL BE LAUNCHED IN THE NEW YEAR TO CONTINUE PROVIDING TANGIBLE INDIVIDUALIZED FEEDBACK TO MEMBERS. HOLIDAY GIFT BOXES AS A WAY TO PROMOTE CATAPULT'S KITCHEN ENTREPRENEURS, HOLIDAY GIFT BOXES WITH CURRENT AND ALUMNI MEMBER PRODUCTS WERE SOLD DURING THE HOLIDAY SEASON. IN 2019, OVER 120 BASKETS WERE SOLD. THAT GREW TO 660 BOXES SOLD IN 2020. THIS YEAR THAT NUMBER CONTINUED TO CLIMB TO 800. LAKELAND ENTREPRENEUR AWARDS THE 2021 EVENT WAS CANCELED DUE TO COVID, BUT WE ARE EXCITED TO BE BACK TOGETHER CELEBRATING ENTREPRENEURSHIP IN OUR COMMUNITY THROUGH DINNER, AWARDS, AND A KEYNOTE PRESENTATION FROM JEFF VINIK, A REAL ESTATE DEVELOPER IN TAMPA AND OWNER OF THE LIGHTNING. COVID-19 SMALL BUSINESS EMERGENCY FUND CATAPULT, IN PARTNERSHIP WITH THE LAKELAND ECONOMIC DEVELOPMENT COUNCIL AND THE GIVEWELL COMMUNITY FOUNDATION, CREATED A 300,000+ FUND TO OFFER ONE-TIME GRANTS TO HELP STABILIZE LOCAL RESTAURANTS AND SMALL BUSINESSES DURING THIS UNPRECEDENTED PERIOD. NINE BUSINESSES WERE FUNDED DURING THE INITIAL ROUND. ADDITIONAL FUNDS REMAIN IN THE ACCOUNT FOR FUTURE USE. LAUNCH CATAPULT HOSTED A PITCH NIGHT IN THE SPRING AND FALL OF 2021 WHERE 87,500 IN GRANT MONEY WAS AWARDED TO 9 BUSINESSES AND 1 STUDENT COMPANY. SIX LOCAL FINANCIAL INSTITUTIONS CONTINUE TO FUND THIS PROGRAM WITH AN ADDITIONAL 43,500 BEING DONATED IN 2021. DUE TO THE DEAL FLOW THAT IS BEING GENERATED FOR THIS PROGRAM, CATAPULT STAFF ARE CURRENTLY, FUNDRAISING FOR THIS PROGRAM BY INVITING EVERY FINANCIAL INSTITUTION IN LAKELAND TO JOIN. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS FILED AND DESIGNATES ONE OF ITS MEMBERS TO DISCUSS ANY QUESTIONS WITH THE CPA WHO PREPARED THE RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | WE MONITOR ANY INTERESTS WITH OUR BOARD OF DIRECTORS AND VOLUNTEER LEGAL COUNSEL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY HAVING THEM AVAILABLE IN THE CORPORATE OFFICE AND BY MAIL UPON REQUEST. |
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| Software Version: |