Civic Intelligence

Heermance Memorial Library

990 • Fiscal year 2024 • EIN 04-3670100

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 30, 2025

1 Ely StreetCoxsackie, NY 12051

(518) 731-8084

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.05x

Higher debt load relative to assets than 65% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.08x

Higher debt load relative to revenue than 72% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Net Margin

41st percentile

1.7%

Higher net margin than 41% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Asset Growth

50th percentile

5.8%

Faster asset growth than 50% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

9.9%

Faster revenue growth than 49% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$573,195

Up $31,580 (+5.8%) from 2023

Net Assets

Up

$545,656

Up $25,794 (+5.0%) from 2023

Liabilities

Up

$27,539

Up $5,786 (+27%) from 2023

Revenue

Up

$340,502

Up $30,537 (+9.9%) from 2023

Expenses

Up

$334,658

Up $37,960 (+13%) from 2023

Net Income

Down

$5,844

Down $7,423 (-56%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $374,126Liabilities 2011: $0Net Assets 2011: $374,1262011Assets 2012: $355,785Liabilities 2012: $0Net Assets 2012: $355,7852012Assets 2013: $337,296Liabilities 2013: $0Net Assets 2013: $337,2962013Assets 2014: $379,547Liabilities 2014: $41,510Net Assets 2014: $338,0372014Assets 2015: $312,130Liabilities 2015: $25,150Net Assets 2015: $286,9802015Assets 2016: $365,061Liabilities 2016: $13,631Net Assets 2016: $351,4302016Assets 2017: $347,732Liabilities 2017: $19,425Net Assets 2017: $328,3072017Assets 2018: $352,131Liabilities 2018: $21,652Net Assets 2018: $330,4792018Assets 2019: $415,273Liabilities 2019: $25,347Net Assets 2019: $389,9262019Assets 2020: $452,039Liabilities 2020: $21,432Net Assets 2020: $430,6072020Assets 2021: $466,377Liabilities 2021: $48,812Net Assets 2021: $417,5652021Assets 2022: $531,581Liabilities 2022: $24,987Net Assets 2022: $506,5942022Assets 2023: $541,615Liabilities 2023: $21,753Net Assets 2023: $519,8622023Assets 2024: $573,195Liabilities 2024: $27,539Net Assets 2024: $545,6562024

Highlighted filing

2024

Assets$573,195
Liabilities$27,539
Net Assets$545,656

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $212,659Expenses 2011: $211,111Net Income 2011: $1,5482011Revenue 2012: $217,122Expenses 2012: $235,464Net Income 2012: -$18,3422012Revenue 2013: $216,444Expenses 2013: $237,629Net Income 2013: -$21,1852013Revenue 2014: $236,621Expenses 2014: $230,395Net Income 2014: $6,2262014Revenue 2015: $242,748Expenses 2015: $293,805Net Income 2015: -$51,0572015Revenue 2016: $241,772Expenses 2016: $245,584Net Income 2016: -$3,8122016Revenue 2017: $261,687Expenses 2017: $244,462Net Income 2017: $17,2252017Revenue 2018: $293,046Expenses 2018: $292,588Net Income 2018: $4582018Revenue 2019: $270,465Expenses 2019: $243,227Net Income 2019: $27,2382019Revenue 2020: $285,661Expenses 2020: $247,719Net Income 2020: $37,9422020Revenue 2021: $325,062Expenses 2021: $338,896Net Income 2021: -$13,8342021Revenue 2022: $297,611Expenses 2022: $281,519Net Income 2022: $16,0922022Revenue 2023: $309,965Expenses 2023: $296,698Net Income 2023: $13,2672023Revenue 2024: $340,502Expenses 2024: $334,658Net Income 2024: $5,8442024

Highlighted filing

2024

Revenue$340,502
Expenses$334,658
Net Income$5,844
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.0
Gross Receipts
$340,502
Mission and Program Overview

Mission

LIBRARY EDUCATION

Library service include lending of books,magazines and audiovisual material to 8,000 residents of coxsackie and surrounding areas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$305,491$325,441▲ $19,950
Savings and Temporary Cash Investments$235,869$247,420▲ $11,551
Accounts Receivable$211$198▼ $13
Cash and Non-Interest-Bearing Accounts$44$136▲ $92
Total Assets$541,615$573,195▲ $31,580
Liabilities
Accounts Payable and Accrued Expenses$21,753$27,539▲ $5,786
Total Liabilities$21,753$27,539▲ $5,786
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$408,420$432,672▲ $24,252
Net Assets With Donor Restrictions$111,442$112,984▲ $1,542
Total Net Assets Fund Balance$519,862$545,656▲ $25,794
Total Liabilities and Net Assets / Fund Balance$541,615$573,195▲ $31,580

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$151,413-$151,413
Buildings$75,000-$75,000
Equipment$74,028-$74,028
Land$25,000-$25,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$111,442---$111,442
2023$111,442---$111,442
2022$122,292--$10,850$111,442
2021$135,756$1,500-$14,964$122,292
2020$104,442$31,624-$310$135,756
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carol SerazioPresident
Eileen WestTrustee
Joanne RileyTrustee
Joseph Garland IvTrustee
Laura ShaugerTrustee
Liana FeltTrustee
Bridget McguiganSecretary
Mark MaraglioTreasurer
Charles HailerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$30,131
Program Service Revenue
$300,206
Investment Income
$10,165
Other Revenue
$0
All Other Contributions
$9,932
Change in Net Assets
$5,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$221,494
Other Expenses$113,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,562$10,951-$109,513
Current Officers, Directors, Trustees, and Key Employees$62,388$6,932-$69,320
Pension Plan Contributions$23,441$2,605-$26,046
Occupancy$24,690--$24,690
Payroll Taxes$14,953$1,662-$16,615
All Other Expenses$11,031$3,582-$14,613
Fees for Services Accounting-$11,000-$11,000
Other Expenses$7,853--$7,853
Travel$1,267--$1,267
Advertising$1,147--$1,147
Insurance-$733-$733
Office Expenses$140--$140
Fees for Services Other$130--$130
Total Functional Expenses$297,193$37,465$0$334,658
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
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Page 6, Part VI, Line 11B

Library director, treasurer and bookkeeper meet and review form 990, prepared by bookkeeper, & all supporting schedules any necessary changes are made before report is submitted

Form 990, Page 6, Part VI, Line 15A

Library executive director's salary is compared annually to comparable positions in the surrounding area, reviewed by the board of directors and salary adjustments are made and approved.

Form 990, Page 6, Part VI, Line 15B

Other library key employees' salaries are compared annually to comparable positions in the surrounding area, reviewed by the board of directors and salary adjustments are made and approved.

Form 990, Page 6, Part VI, Line 19

All governing documents, policies and finacial statements are available upon request. Minutes of boatd meetings and policies are available on our website.

Filing and Contact Details

Filer

Filer Name
Heermance Memorial Library
EIN
04-3670100
Phone
5187318084
Address
1 ELY STREET, COXSACKIE, NY 12051

Signing Officer

Name
Carol Serazio
Title
President
Phone
5187318084
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Serazio
Formed
2000
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
5

Preparer

Firm
Accounting Offices of Tom Fucito CPA Pc
Address
PO BOX 897, CAIRO, NY 12413-0897
Preparer
Thomas Fucito CPA
Phone
5186222844
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Increase in fixed assets 19,950

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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt029238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt031803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt058005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt018672
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0167849
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02465
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0828
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02353
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017054
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0580933
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09236
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01826
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02658
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01481
IRS990ScheduleA/OtherIncome170Grp/TotalAmt017740
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97770
IRS990ScheduleA/PublicSupportPY170Pct00.98510
IRS990ScheduleA/PublicSupportTotal170Amt01524007
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0275723
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0263155
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0263155
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0263155
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01356158
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0304961
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0294958
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0321160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0281827
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01524007
IRS990ScheduleA/TotalSupportAmt01558801
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.38260
IRS990ScheduleD/BuildingsGrp/BookValueAmt075000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt075000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0111442
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0111442
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0111442
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0111442
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0122292
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0111442
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt010850
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0122292
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt014964
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt031624
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt074028
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074028
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0151413
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0151413
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.61740
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0325441
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIBRARY DIRECTOR, TREASURER AND BOOKKEEPER MEET AND REVIEW FORM 990, PREPARED BY BOOKKEEPER, & ALL SUPPORTING SCHEDULES ANY NECESSARY CHANGES ARE MADE BEFORE REPORT IS SUBMITTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LIBRARY EXECUTIVE DIRECTOR'S SALARY IS COMPARED ANNUALLY TO COMPARABLE POSITIONS IN THE SURROUNDING AREA, REVIEWED BY THE BOARD OF DIRECTORS AND SALARY ADJUSTMENTS ARE MADE AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER LIBRARY KEY EMPLOYEES' SALARIES ARE COMPARED ANNUALLY TO COMPARABLE POSITIONS IN THE SURROUNDING AREA, REVIEWED BY THE BOARD OF DIRECTORS AND SALARY ADJUSTMENTS ARE MADE AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, POLICIES AND FINACIAL STATEMENTS ARE AVAILABLE UPON REQUEST. MINUTES OF BOATD MEETINGS AND POLICIES ARE AVAILABLE ON OUR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCREASE IN FIXED ASSETS 19,950
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0541615
IRS990/TotalAssetsGrp/EOYAmt0573195
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030131
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037465
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0297193
IRS990/TotalFunctionalExpensesGrp/TotalAmt0334658
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021753
IRS990/TotalLiabilitiesEOYAmt027539
IRS990/TotalLiabilitiesGrp/BOYAmt021753
IRS990/TotalLiabilitiesGrp/EOYAmt027539
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0519862
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0545656
IRS990/TotalProgramServiceExpensesAmt0297193
IRS990/TotalProgramServiceRevenueAmt0300206
IRS990/TotalRevenueGrp/ExclusionAmt010165
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0300206
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0340502
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0541615
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0573195
IRS990/TravelGrp/ProgramServicesAmt01267
IRS990/TravelGrp/TotalAmt01267
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 ELY STREET
IRS990/USAddress/CityNm0COXSACKIE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012051
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HEERMANCELIBRARY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL SERAZIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.73$0.28$5.46$3.41$3.35$0.06
2023Detailed filing. Detailed filing data is available for this year.$5.42$0.22$5.20$3.10$2.97$0.13
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.32$0.25$5.07$2.98$2.82$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.66$0.49$4.18$3.25$3.39$0.14
2020Detailed filing. Detailed filing data is available for this year.$4.52$0.21$4.31$2.86$2.48$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$0.25$3.90$2.70$2.43$0.27
2018Detailed filing. Detailed filing data is available for this year.$3.52$0.22$3.30$2.93$2.93$0.00
2017Detailed filing. Detailed filing data is available for this year.$3.48$0.19$3.28$2.62$2.44$0.17
2016Summary only. Only limited summary data is available for this year.$3.65$0.14$3.51$2.42$2.46$0.04
2015Summary only. Only limited summary data is available for this year.$3.12$0.25$2.87$2.43$2.94$0.51
2014Summary only. Only limited summary data is available for this year.$3.80$0.42$3.38$2.37$2.30$0.06
2013Summary only. Only limited summary data is available for this year.$3.37$0.00$3.37$2.16$2.38$0.21
2012Summary only. Only limited summary data is available for this year.$3.56$0.00$3.56$2.17$2.35$0.18
2011Summary only. Only limited summary data is available for this year.$3.74$0.00$3.74$2.13$2.11$0.02