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DOWNTOWN MOORHEAD INC: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
DOWNTOWN MOORHEAD INC (EIN 81-3097290)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-06
IRS object ID
202141269349201154
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-06T12:24:49-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450310328PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BRADY MARTZ & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12537 S UNIVERSITY DRIVEAddressLine1Txt
CityFARGOCityNm
State AbbreviationNDStateAbbreviationCd
ZIP58103ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN813097290EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DOWNTOWN MOORHEAD INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDOWNBusinessNameControlTxt
Phone2184431361PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 5TH STREET S STE 203AddressLine1Txt
CityMOORHEADCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56560ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDERRICK LAPOINTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2184431361PhoneNum
Signature2021-05-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDERRICKPersonFirstNm
Person LastLAPOINTPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSARA LYNCH CPAPreparerPersonNm
PTINP00988855PTIN
Phone7012802100PhoneNum
Preparation2021-05-05PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressWWW.DTMOORHEAD.ORGWebsiteAddressTxt
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$182,500GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$82,500ContributionsGiftsGrantsEtcAmt
Program Service Revenue$100,000ProgramServiceRevenueAmt
Total Revenue$182,500TotalRevenueAmt
Salaries Other Comp Empl Bnft$144,016SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$5,171FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$6,600OccupancyRentUtltsAndMaintAmt
Other Expenses Total$44,655OtherExpensesTotalAmt
Total Expenses$200,442TotalExpensesAmt
Excess Or Deficit For Year-$17,942ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$141,088NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$123,146NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$144,121BOYAmt
EOY$128,128EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$144,121BOYAmt
EOY$128,128EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,033BOYAmt
EOY$4,982EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$141,088BOYAmt
EOY$123,146EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeDOWNTOWN MOORHEAD INCORPORATED IS A PRIVATE, NON-PROFIT ORGANIZATION DEDICATED TO THE BENEFICIAL ECONOMIC GROWTH AND BUSINESS DEVELOPMENT OF DOWNTOWN MOORHEAD. WE ACCOMPLISH THIS THROUGH POLICY DEVELOPMENT, ADVOCACY, AND PROGRAM MANAGEMENT FUNCTIONS CONDUCTED ON BEHALF OF DOWNTOWN STAKEHOLDERS/INVESTORS, AND IN COOPERATION WITH PUBLIC AND OTHER PRIVATE-SECTOR PARTNERS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomAT THE LAUNCH OF DOWNTOWN MOORHEAD INC. IN THE SPRING OF 2018, IT WAS STATED WITH GENUINE CONFIDENCE THAT OUR CITY WAS ON THE VERGE OF GREAT CHANGE. DOWNTOWN MOORHEAD HAD THE POTENTIAL TO BECOME AN AMAZING DESTINATION. A DESTINATION FOR PEOPLE OF ALL AGES, WHETHER FOR BUSINESS, EDUCATION, LEISURE OR JUST PLAIN FUN. POSITIVE EXPERIENCES THAT WILL AFFECT THE WHOLE CITY, AS OUR DOWNTOWN ONCE AGAIN BECOMES THE GATEWAY TO ALL THE GREAT CITY OF MOORHEAD HAS TO OFFER.TWO YEARS IN, IT IS SO APPARENT THAT OUR PROMISING FUTURE IS HAPPENING RIGHT NOW, AND THE SKY IS TRULY THE LIMIT FROM HERE. WE ARE BOTH HUMBLED AND ENCOURAGED BY THE AMOUNT OF GROWTH WE'VE SEEN IN SUCH A SHORT TIME. NEW BUILDINGS ARE POPPING UP, BUSINESSES ARE STARTING, AND PEOPLE ARE LIVING IN AND EMBRACING DOWNTOWN. WITH THE PROGRESS WE'VE ALREADY MADE, IT IS EVIDENT THAT THE VISION IMAGINED BY CITY LEADERS, AND THE RESULTING DOWNTOWN MOORHEAD INC. BOARD OF DIRECTORS, IS ON ITS WAY TO BECOMING A REALITY. TRUE TO THE PRIVILEGE OF LEADING THESE EFFORTS, AND WITH TREMENDOUS INPUT, SUPPORT AND ENCOURAGEMENT, BE ASSURED DMI WILL CONTINUE TO ENTHUSIASTICALLY SERVE THE BUSINESS COMMUNITY, AS WELL AS ALL CITIZENS OF MOORHEAD. THERE ARE SO MANY OPPORTUNITIES OUT THERE. OPPORTUNITIES WE CAN CLAIM AS OUR OWN, AS WE CONTINUE TO WORK TOGETHER ON OUR AMBITIOUS, BUT ACHIEVABLE, COMMON GOALS FOR THE FUTURE OF OUR CITY. DOWNTOWN MASTER PLAN: EARLY ON, DMI IDENTIFIED THE IMPORTANCE OF HAVING NOT ONLY A VISION, BUT A BLUEPRINT THAT WOULD GUIDE US ON OUR JOURNEY. CONSEQUENTLY, WE HAVE BEEN WORKING HARD ON A DOWNTOWN MASTER PLAN FOR THE CITY OF MOORHEAD. THE PLAN HAS BEEN A THOROUGH, DEEP DIVE EXAMINATION OF MOORHEAD FROM EVERY ANGLE. THROUGH INTENSE COMMUNITY ENGAGEMENT, IT UTILIZES AND INCORPORATES INPUT FROM WIDE-RANGING GROUPS AND INDIVIDUALS, INCLUSIVE AND DIVERSE. ALL WITH THE LOVE OF OUR CITY IN COMMON. WE BELIEVE THIS PLAN WILL LEAD US INTO THE FUTURE, BECOMING A TRUE GUIDE - NOT COMPLETED, PUBLISHED, AND PUT ON THE SHELF - THAT WILL BE USED FOR YEARS TO COME. A GUIDE THAT WILL SERVE US AS WE TRANSFORM DOWNTOWN MOORHEAD INTO A PLACE FOR ALL. THE MASTER PLAN IS NEAR PUBLICATION, AS WE FULFILL A PROMISE MADE TO MOORHEAD BUSINESSES, HIGHER ED INSTITUTIONS, THE CITY OF MOORHEAD AND ITS CITIZENS YOUNG AND OLD.MOORHEAD RENAISSANCE ZONE:IN 2019 DMI HELPED CREATE THE MOORHEAD RENAISSANCE ZONE PROGRAM (MRZ). A KEY ELEMENT FOR THE SUCCESSFUL IMPROVEMENT OF DOWNTOWN MOORHEAD, THIS ECONOMIC INCENTIVE ALIGNS POLICIES WITH OUR NEIGHBORS IN NORTH DAKOTA. TAKING A PAGE FROM THE BOOK THAT LEAD TO ENORMOUS CHANGE IN DOWNTOWN FARGO, THIS POLICY CONSISTS OF A PROPERTY TAX EXEMPTION PROGRAM THAT PROVIDES A SOLID ECONOMIC TOOLBOX FOR DEVELOPMENT TO OCCUR AND BE SUCCESSFUL IN OUR DOWNTOWN. WE ARE BOTH FACILITATOR AND CHEERLEADER, AS WE HELP PARTNER BUSINESSES AND OTHER DEVELOPERS WITH THE CITY OF MOORHEAD IN ORDER TO TAKE ADVANTAGE OF THE MANY OPPORTUNITIES AVAILABLE IN THE DOWNTOWN BUSINESS DISTRICT. STATED GOALS OF THE MRZ ARE TO: "FOCUS ON RENEWAL, INVESTMENT, AND REDEVELOPMENT." DMI SHARES THOSE GOALS AND IS UNIQUELY POSITIONED TO BE A CATALYST FOR THEIR CONTINUED DEVELOPMENT AND SUCCESS. IF YOU HAVE DRIVEN DOWNTOWN LATELY YOU WILL SEE MANY NEW BUSINESSES IN OUR CORE, WITH SO MANY MORE ON THE WAY. THE MRZ AND OTHER INCENTIVES HAVE A MADE A HUGE DIFFERENCE IN THAT GROWTH.HOUSING GOALS:THERE IS A TREMENDOUS NEED FOR MORE RESIDENTS IN OUR DOWNTOWN. THE GOAL IS TO ADD "500 IN 5" 500 UNITS IN 5 YEARS. WHILE AMBITIOUS, THE DOWNTOWN MASTER PLAN CONFIRMS THE DEMAND IS THERE, AND WE ARE WELL ON OUR WAY TO FULFILLING THIS NEED. OVER 250 UNITS ADDED SO FAR, WITH MANY MORE COMING WITH THE APPROVAL OF SO MANY MORE PROJECTS ON THE WAY. PERMANENT/SUSTAINED BORDER CITY LEGISLATION: AS GOOD NEIGHBORS, AND IN THE BEST INTEREST OF BUSINESSES ON BOTH SIDE OF THE RED RIVER, OUR COMMON GOAL WAS TO PRESERVE AND PROTECT BOTH THE BORDER CITY ENTERPRISE ZONE PROGRAM AND THE DISPARITY REDUCTION CREDIT PROGRAM. WORKING WITH THE CITY OF MOORHEAD AND LOCAL LEGISLATORS, THE RESULTS ARE STATED IN THE CITY'S 2019 LEGISLATIVE DASH BOARD: "BORDER CITY ENTERPRISE ZONE PROGRAM AND DISPARITY REDUCTION CREDIT PROGRAM PRESERVED. BOTH PROGRAMS ARE NOW PART OF THE STATE BUDGET. IT IS VERY SIGNIFICANT THAT FUNDING FOR THE DISPARITY REDUCTION CREDIT PROGRAM AND NOW THE BORDER CITY PROGRAM WILL BE INCLUDED IN AND PART OF THE STATE'S STRUCTURAL BUDGETARY PROCESS."INFRASTRUCTURE: DMI IS A STRONG AND VOCAL SUPPORTER FOR VITAL CONSTRUCTION PROJECTS, AND WE ARE ENCOURAGED BY THE ONGOING CONVERSATION ON HOW TO MAKE OUR URBAN TRANSPORTATION SYSTEM BETTER. AS WE HAVE LEARNED THROUGH THE DEVELOPMENT OF OUR MASTER PLAN, THAT INCLUDES CARS, BIKES, PEDESTRIANS, TRAINS AND HOW THE FLOW OF ALL OF THESE MODES OF TRANSPORTATION AFFECT THE RHYTHM OF THE CITY. WE ARE HEARTENED PROGRESS CONTINUES ON CENTER AVENUE AND THE 11TH ST. UNDERPASS, AS WELL AS THE MINNESOTA DEPARTMENT OF TRANSPORTATION'S PLAN TO BEGIN RECONSTRUCTION OF HIGHWAYS 10 AND 75 IN 2025. THESE PROJECTS ARE CRITICAL CONTRIBUTIONS TO A MODERN, ACCESSIBLE DOWNTOWN. THE DEVELOPMENT OF THE DOWNTOWN MOORHEAD MASTER PLAN ALSO SHOWED US THAT DESIGN MATTERS. CONSEQUENTLY, DMI WILL CONTINUE TO CHAMPION THE NEED TO INCORPORATE A COMPLETE STREET POLICY FOR MOORHEAD AND UNDERSTAND HOW THIS AND OTHER INFRASTRUCTURE PROJECTS IMPACT THE CITY'S FUTURE.BUSINESS DEVELOPMENT:AS A VOICE FOR THE PRIVATE SECTOR, DMI IS A STRONG ADVOCATE FOR DOWNTOWN BUSINESSES. WORKING CLOSELY WITH THE CITY OF MOORHEAD, IT HELPS CREATE POLICIES AND INCENTIVES TO FOSTER BUSINESS DEVELOPMENT. IN ADDITION TO THE RENAISSANCE ZONE, DMI HELPED REVISE THE CITY-WIDE COMMERCIAL/INDUSTRY PROPERTY TAX PROGRAM, AS WELL AS THE STOREFRONT REHAB PROGRAM. DMI UNDERSTANDS THE IMPORTANCE OF BUILDING FROM THE GROUND-UP, WHILE FOSTERING NEW BUSINESS GROWTH. WE RECOGNIZE THE VITAL IMPORTANCE OF SUPPORTING EXISTING BUSINESSES, MANY WHO HAVE BEEN BEDROCKS OF THE CITY'S BUSINESS INFRASTRUCTURE FOR DECADES.MOORHEAD CARES SMALL BUSINESS RELIEF GRANT PROGRAM:DMI, THE CITY OF MOORHEAD, AND CLAY COUNTY HAVE PARTNERED IN CREATING THIS ESSENTIAL PROGRAM IN A TIME OF CRISIS. MUCH CREDIT IS DUE TO THE MOORHEAD CITY COUNCIL FOR APPROVING THE USE OF $2 MILLION IN FEDERAL CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT FUNDING FOR THE DEVELOPMENT OF THE MOORHEAD CARES SMALL BUSINESS RELIEF GRANT PROGRAM. QUOTING MOORHEAD MAYOR JOHNATHON JUDD, "THE CITY OF MOORHEAD VALUES ALL OF OUR BUSINESSES, NON-PROFITS AND COMMUNITY ORGANIZATIONS. THE MOORHEAD CARES PROGRAM WILL HELP THESE ENTITIES DEAL WITH THE DIFFICULT FINANCIAL IMPACTS RESULTING FROM COVID-19. IT IS IMPORTANT THAT OUR BUSINESSES ARE SUPPORTED, NOT ONLY BECAUSE THEY PROVIDE JOBS TO DEDICATED EMPLOYEES, BUT ALSO BECAUSE THEY ARE ESSENTIAL TO MOORHEAD'S CHARACTER AND QUALITY OF LIFE BY THE PRODUCTS AND SERVICES THEY PROVIDE FOR OUR RESIDENTS."THE GRANT PROGRAM OFFERS GRANTS OF UP TO $10,000 TO SMALL BUSINESSES AND COMMUNITY ORGANIZATIONS WITH 20 OR FEWER EMPLOYEES, AND UP TO $3,000 FOR ELIGIBLE SOLE PROPRIETORS. PUBLIC ENGAGEMENT:IN ADDITION TO DMI'S BROAD AND DEEP COMMUNITY ENGAGEMENT FOR THE ESSENTIAL INFORMATION NEEDED FOR THE DOWNTOWN MASTER PLAN, WE'VE ALSO TAKEN THE LEAD IN HELPING MOORHEAD BUSINESSES DURING THE SPREAD OF COVID-19. SPECIFICALLY, CONNECTING THEM TO RESOURCES AND INFORMATION NEEDED DURING THE PANDEMIC. THIS INVOLVED FREQUENT COMMUNICATION WITH THE STATE OF MINNESOTA AND FEDERAL GOVERNMENT TO OUTLINE OUR BUSINESS NEEDS AND HOW GOVERNMENT RESOURCES COULD HELP. THIS REMAINS AN ONGOING PROCESS, AND WE ARE FIRM BELIEVERS IN THE SAYING, "WE ARE ALL IN THIS TOGETHER."DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$0ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IVYes (X)InfoInScheduleOPartIVInd

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DERRICK LAPOINT
PRESIDENT/CEO40.00$134,500$0$0
DAVE ANDERSON
BOARD CHAIR1.00$0$0$0
LISA BORGEN
VICE CHAIR/SECRETARY3.00$0$0$0
JOE WATZKE
TREASURER3.00$0$0$0
ANNE BLACKHURST
DIRECTOR3.00$0$0$0
WILLIAM CRAFT
DIRECTOR3.00$0$0$0
CARRIE BRIMHALL
DIRECTOR3.00$0$0$0
SHERI LARSON
DIRECTOR3.00$0$0$0
TED HORAN
DIRECTOR3.00$0$0$0
MARCIA PULCZINSKI
DIRECTOR3.00$0$0$0
MICHAEL BURNS
DIRECTOR3.00$0$0$0
BRANDON LUNAK
DIRECTOR3.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DERRICK LAPOINTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 5TH STREET S STE 203AddressLine1Txt
CityMOORHEADCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56560ZIPCd
FieldValueIRS element (for citing)
Phone2184431361PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: ADVERTISING. AMOUNT: 300. DESCRIPTION: MEMBERSHIP DUES. AMOUNT: 655. DESCRIPTION: CONFERENCES & TRAVEL. AMOUNT: 1,995. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 2,919. DESCRIPTION: OTHER EXPENSES. AMOUNT: 2,050. DESCRIPTION: PAYROLL TAXES. AMOUNT: 10,312. DESCRIPTION: INSURANCE. AMOUNT: 1,469. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 23,880. DESCRIPTION: CELL PHONE. AMOUNT: 1,075. TOTAL TO FORM 990-EZ, LINE 16: 44,655.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 3,033. END OF YEAR AMOUNT: 4,982.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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