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        <ExplanationTxt>Common Future is a not-for-profit organization that is exempt from income taxes under Section 501C3 of the Internal Revenue Service Code and therefore has made no provisions for federal income taxes in the accompanying finanial statements. Common Future is also exempt from state income taxes under Section 2370d of the Califronia Revenue and Taxation Code. Management believes Common Future has no uncertain tax positions as of December 31, 2019.</ExplanationTxt>
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