Civic Intelligence

Vermont Commons School

990 • Fiscal year 2018 • EIN 04-3371660

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 12, 2018

75 Green Mountain DriveSouth Burlington, VT 05403

(802) 865-8084

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$4,214,942

Flat from 2018

Net Assets

Flat

$1,769,537

Flat from 2018

Liabilities

Flat

$2,445,405

Flat from 2018

Revenue And Expenses

Revenue

Flat

$2,622,315

Flat from 2018

Expenses

Flat

$2,369,712

Flat from 2018

Net Income

Flat

$252,603

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2010: $762,403Liabilities 2010: $1,307,731Net Assets 2010: -$545,3282010Assets 2011: $2,436,197Liabilities 2011: $2,586,009Net Assets 2011: -$149,8122011Assets 2012: $2,392,525Liabilities 2012: $2,129,667Net Assets 2012: $262,8582012Assets 2013: $2,415,085Liabilities 2013: $2,080,757Net Assets 2013: $334,3282013Assets 2014: $2,483,596Liabilities 2014: $2,135,851Net Assets 2014: $347,7452014Assets 2015: $3,409,181Liabilities 2015: $2,450,840Net Assets 2015: $958,3412015Assets 2016: $3,810,700Liabilities 2016: $2,606,990Net Assets 2016: $1,203,7102016Assets 2017: $3,790,266Liabilities 2017: $2,275,301Net Assets 2017: $1,514,9652017Assets 2018: $4,214,942Liabilities 2018: $2,445,405Net Assets 2018: $1,769,5372018Assets 2018: $4,214,942Liabilities 2018: $2,445,405Net Assets 2018: $1,769,5372018Assets 2019: $3,947,258Liabilities 2019: $1,852,026Net Assets 2019: $2,095,2322019Assets 2020: $4,510,094Liabilities 2020: $2,216,526Net Assets 2020: $2,293,5682020Assets 2021: $4,850,301Liabilities 2021: $1,902,861Net Assets 2021: $2,947,4402021Assets 2022: $6,904,288Liabilities 2022: $3,423,137Net Assets 2022: $3,481,1512022Assets 2023: $6,999,449Liabilities 2023: $3,278,645Net Assets 2023: $3,720,8042023Assets 2024: $8,033,894Liabilities 2024: $3,540,229Net Assets 2024: $4,493,6652024

Highlighted filing

2018

Assets$4,214,942
Liabilities$2,445,405
Net Assets$1,769,537

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $1,693,6712010Revenue 2011: $2,112,801Expenses 2011: $1,659,877Net Income 2011: $452,9242011Expenses 2012: $2,056,3442012Revenue 2013: $1,886,835Expenses 2013: $1,816,856Net Income 2013: $69,9792013Revenue 2014: $2,064,375Expenses 2014: $2,052,064Net Income 2014: $12,3112014Revenue 2015: $2,773,753Expenses 2015: $2,162,253Net Income 2015: $611,5002015Revenue 2016: $2,331,823Expenses 2016: $2,085,787Net Income 2016: $246,0362016Revenue 2017: $2,493,914Expenses 2017: $2,186,514Net Income 2017: $307,4002017Revenue 2018: $2,622,315Expenses 2018: $2,369,712Net Income 2018: $252,6032018Revenue 2018: $2,622,315Expenses 2018: $2,369,712Net Income 2018: $252,6032018Revenue 2019: $2,673,926Expenses 2019: $2,349,083Net Income 2019: $324,8432019Revenue 2020: $2,905,472Expenses 2020: $2,706,326Net Income 2020: $199,1462020Revenue 2021: $3,458,588Expenses 2021: $2,804,716Net Income 2021: $653,8722021Revenue 2022: $3,761,194Expenses 2022: $3,227,483Net Income 2022: $533,7112022Revenue 2023: $3,318,430Expenses 2023: $3,075,959Net Income 2023: $242,4712023Revenue 2024: $4,276,437Expenses 2024: $3,503,576Net Income 2024: $772,8612024

Highlighted filing

2018

Revenue$2,622,315
Expenses$2,369,712
Net Income$252,603
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 12, 2018
Return Version
2017v2.2
Gross Receipts
$2,629,533
Mission and Program Overview

Mission

Vermont commons school students experience a unique blend of academics and global immersion, master fundamental academic disciplines, grasp the profound interdependence of the natural and human systems they inhabit, and graduate with the values, knowledge, skills and commitment necessary to become ethical and engaged ecological citizens.

Vermont commons school students experience a unique blend of academics and global immersion, master fundamental academic disciplines, grasp the profound interdependence of the natural and human systems they inhabit and graduate with the values, knowledge, skills and commitment necessary to become ethical and engaged ecological citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,636,992$2,562,412▼ $74,580
Savings and Temporary Cash Investments$903,464$1,431,957▲ $528,493
Loans From Officers Directors$1,228,628$1,132,495▼ $96,133
Cash and Non-Interest-Bearing Accounts$76,744$93,508▲ $16,764
Pledges and Grants Receivable$118,619$68,224▼ $50,395
Prepaid Expenses and Deferred Charges$23,249$28,236▲ $4,987
Accounts Receivable$3,465$903▼ $2,562
Total Assets$3,790,266$4,214,942▲ $424,676
Other Assets Total$27,733$29,702▲ $1,969
Liabilities
Deferred Revenue$816,146$1,199,474▲ $383,328
Mortgage Notes Payable Secured by Investment Property$143,901$69,741▼ $74,160
Accounts Payable and Accrued Expenses$78,835$43,695▼ $35,140
Unsecured Notes Loans Payable$7,791--
Total Liabilities$2,275,301$2,445,405▲ $170,104
Net Assets / Fund Balance
Unrestricted Net Assets$1,474,923$1,639,312▲ $164,389
Temporarily Rstr Net Assets$12,309$100,523▲ $88,214
Permanently Rstr Net Assets$27,733$29,702▲ $1,969
Total Net Assets Fund Balance$1,514,965$1,769,537▲ $254,572
Total Liabilities and Net Assets / Fund Balance$3,790,266$4,214,942▲ $424,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,336,403$515,007$2,851,410
Land$184,712-$184,712
Other Land Buildings$17,548$159,224$176,772
Equipment$23,749$87,217$110,966

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$27,733-▲ $1,969-$29,702
2016$23,878-▲ $4,095-$27,733
2015$24,545-▼ $312-$23,878
2014$24,049-▲ $903-$24,545
2013$21,138-▲ $3,266-$24,049
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dexter MahaffeyHead of SchoolFT$139,886$36,430$176,316
Dexter Mahaffey--$139,886$36,430$176,316

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$242,525
Program Service Revenue
$2,377,736
Investment Income
$4,953
Other Revenue
$-2,899
All Other Contributions
$221,890
Change in Net Assets
$252,603

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$26,595Average Share Price
Total Noncash Contributions7$26,595-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,622,315
Revenue Not Reported on Form 990
$1,969
Total Revenue per Audited Statements
$2,624,284
Total Revenue per Form 990
$2,622,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,716,817
Other Expenses$652,895
Total Fundraising Expense$145,280
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,016,560$46,461$47,076$1,110,097
Other Employee Benefits$274,207$10,065$10,231$294,503
Current Officers, Directors, Trustees, and Key Employees$60,370$60,369$60,369$181,108
Payroll Taxes$87,183$7,464$7,515$102,162
Depreciation Depletion$95,613$1,971$986$98,570
Occupancy$88,910$1,833$917$91,660
Interest$0$63,643$0$63,643
Fees for Services Accounting$0$51,098$0$51,098
Insurance$33,750$2,890$2,909$39,549
Pension Plan Contributions$26,779$1,076$1,092$28,947
Other Expenses$24,964$1,348$1,357$27,669
Office Expenses$19,977$1,098$3,334$24,409
Advertising$3,055$19,008$0$22,063
Travel$18,364$0$0$18,364
Information Technology$9,897$1,337$5,185$16,419
Fees for Services Legal$0$13,948$0$13,948
Conferences and Meetings$5,127$2,692$2,824$10,643
All Other Expenses$2,882$700$248$3,830
Fees for Services Other$1,079$92$93$1,264
Total Functional Expenses$1,896,282$328,150$145,280$2,369,712

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,369,712
Total Expenses per Audited Statements$2,369,712
Total Expenses per Form 990$2,369,712
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,218
Fundraising Gross Income$3,219
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$21,354$3,219$1,359$1,860
Total Events$21,354$3,219$7,218$-3,999
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Pammella StarbuckFormer TrusteeLoan as described above.No$1,132,495

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,228,628$1,132,495▼ $96,133
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Filing and Contact Details

Filer

Filer Name
Vermont Commons School
EIN
04-3371660
Phone
8028658084
Address
75 Green Mountain Drive, South Burlington, VT 05403

Signing Officer

Name
Dexter Mahaffey
Title
Head of School & Authorized Tax Off
Phone
8028658084
Signed
2018-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dexter Mahaffey
Formed
1996
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
49
Volunteers
50

Preparer

Firm
Tapia & Huckabay PC
Address
PO Box 38, Vergennes, VT 05491
Preparer
William S Huckabay CPA
Phone
8028707086
Supplemental Narrative

Additional Explanations

Pt XI

Line 9 - Change in beneficial interest in assets held by others.

Pt VI, Line 11B

A first draft of Form 990 is reviewed by the Business Manager and Head of School with a final draft, in PDF format, made available to the Board prior to filing.

Pt VI, Line 12C

The conflict of interest policy requires annual disclosure of any potential conflicts by Trustees and is monitored by the Officers of the Organization and by the Head of School.

Pt VI, Line 15A

The Board uses formal and informal comparability data and annually approves the compensation of the Head of School and any other members of senior management.

Pt VI, Line 15B

See above.

Pt VI, Line 19

The Organization makes its governing documents and financial statements available to the general public upon request.

Financial Statement Notes

Pt V, Line 4

Earnings from the donor-restricted permanent fund at the Vermont Community Foundation ("Beneficial Interest in Assets held by Others") are for the general operating needs of the School.

Pt XI, Line 2D

Change in Beneficial Interest in Assets Held by Others.

Pt X, Line 2

"The Organization believes it has appropriate support for any tax positions taken and, as such, does not have any "uncertain tax positions" that are material to its financial statements."

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Former Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt07218
IRS990/FundraisingGrossIncomeAmt03219
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IRS990/GrossRentsGrp/RealAmt01100
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IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01337
IRS990/InformationTechnologyGrp/ProgramServicesAmt09897
IRS990/InformationTechnologyGrp/TotalAmt016419
IRS990/InsuranceGrp/FundraisingAmt02909
IRS990/InsuranceGrp/ManagementAndGeneralAmt02890
IRS990/InsuranceGrp/ProgramServicesAmt033750
IRS990/InsuranceGrp/TotalAmt039549
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt063643
IRS990/InterestGrp/ProgramServicesAmt00
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IRS990/IRPDocumentCnt05
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IRS990/LandBldgEquipCostOrOtherBssAmt03323860
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt01132495
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Vermont Commons School students experience a unique blend of academics and global immersion,
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt069741
IRS990/NetAssetsOrFundBalancesBOYAmt01514965
IRS990/NetAssetsOrFundBalancesEOYAmt01769537
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3999
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3999
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01100
IRS990/NoncashContributionsAmt026595
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0917
IRS990/OccupancyGrp/ManagementAndGeneralAmt01833
IRS990/OccupancyGrp/ProgramServicesAmt088910
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt01969
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010065
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0274207
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IRS990/OtherExpensesGrp/Desc1Bad debts / uncollectable pledges
IRS990/OtherExpensesGrp/Desc2Dues & subscriptions
IRS990/OtherExpensesGrp/Desc3Professional development
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt21144
IRS990/OtherExpensesGrp/FundraisingAmt31357
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2819
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31348
IRS990/OtherExpensesGrp/ProgramServicesAmt0121846
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt25719
IRS990/OtherExpensesGrp/ProgramServicesAmt324964
IRS990/OtherExpensesGrp/TotalAmt0121846
IRS990/OtherExpensesGrp/TotalAmt140238
IRS990/OtherExpensesGrp/TotalAmt27682
IRS990/OtherExpensesGrp/TotalAmt327669
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01016560
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt07515
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07464
IRS990/PayrollTaxesGrp/ProgramServicesAmt087183
IRS990/PayrollTaxesGrp/TotalAmt0102162
IRS990/PensionPlanContributionsGrp/FundraisingAmt01092
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01076
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026779
IRS990/PensionPlanContributionsGrp/TotalAmt028947
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt027733
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt029702
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt068224
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023249
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028236
IRS990/PrincipalOfficerNm0DEXTER MAHAFFEY
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IRS990/ProgramServiceRevenueGrp/Desc0Tuition & Fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02377736
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0155862
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02427
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
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IRS990/PYOtherExpensesAmt0566883
IRS990/PYOtherRevenueAmt0-3329
IRS990/PYProgramServiceRevenueAmt02338954
IRS990/PYRevenuesLessExpensesAmt0307400
IRS990/PYSalariesCompEmpBnftPaidAmt01619631
IRS990/PYTotalExpensesAmt02186514
IRS990/PYTotalRevenueAmt02493914
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0252603
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01100
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02377736
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0903464
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01431957
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.03$3.54$4.49$4.28$3.50$0.77
2023Detailed filing. Detailed filing data is available for this year.$7.00$3.28$3.72$3.32$3.08$0.24
2022Detailed filing. Detailed filing data is available for this year.$6.90$3.42$3.48$3.76$3.23$0.53
2021Detailed filing. Detailed filing data is available for this year.$4.85$1.90$2.95$3.46$2.80$0.65
2020Detailed filing. Detailed filing data is available for this year.$4.51$2.22$2.29$2.91$2.71$0.20
2019Detailed filing. Detailed filing data is available for this year.$3.95$1.85$2.10$2.67$2.35$0.32
2018Detailed filing. Detailed filing data is available for this year.$4.21$2.45$1.77$2.62$2.37$0.25
2018Detailed filing. Detailed filing data is available for this year.$4.21$2.45$1.77$2.62$2.37$0.25
2017Detailed filing. Detailed filing data is available for this year.$3.79$2.28$1.51$2.49$2.19$0.31
2016Detailed filing. Detailed filing data is available for this year.$3.81$2.61$1.20$2.33$2.09$0.25
2015Detailed filing. Detailed filing data is available for this year.$3.41$2.45$0.96$2.77$2.16$0.61
2014Detailed filing. Detailed filing data is available for this year.$2.48$2.14$0.35$2.06$2.05$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$2.08$0.33$1.89$1.82$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$2.13$0.26$2.06
2011Summary only. Only limited summary data is available for this year.$2.44$2.59$0.15$2.11$1.66$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$1.31$0.55$1.69