Civic Intelligence

Tectonic Theater Project Inc.

990 • Fiscal year 2020 • EIN 13-3686664

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 12, 2021

340 West 42nd Street 2624New York, NY 10036

(212) 579-6111

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.37x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.13x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$120,275

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Asset Growth

94th percentile

111%

Faster asset growth than 94% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-11%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$349,025

Up $183,413 (+111%) from 2019

Net Assets

Up

$219,903

Up $98,491 (+81%) from 2019

Liabilities

Up

$129,122

Up $84,922 (+192%) from 2019

Revenue

Down

$1,009,141

Down $122,331 (-11%) from 2019

Expenses

Down

$843,976

Down $267,411 (-24%) from 2019

Net Income

Up

$165,165

Up $145,080 (+722%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $118,084Liabilities 2010: $197,314Net Assets 2010: -$79,2302010Assets 2011: $61,036Liabilities 2011: $84,495Net Assets 2011: -$23,4592011Assets 2012: $61,036Liabilities 2012: $84,495Net Assets 2012: -$23,4592012Assets 2013: $391,881Liabilities 2013: $178,437Net Assets 2013: $213,4442013Assets 2014: $375,724Liabilities 2014: $91,699Net Assets 2014: $284,0252014Assets 2015: $489,220Liabilities 2015: $68,226Net Assets 2015: $420,9942015Assets 2016: $413,192Liabilities 2016: $98,734Net Assets 2016: $314,4582016Assets 2017: $141,050Liabilities 2017: $114,493Net Assets 2017: $26,5572017Assets 2018: $184,258Liabilities 2018: $82,931Net Assets 2018: $101,3272018Assets 2019: $165,612Liabilities 2019: $44,200Net Assets 2019: $121,4122019Assets 2020: $349,025Liabilities 2020: $129,122Net Assets 2020: $219,9032020Assets 2021: $339,113Liabilities 2021: $21,211Net Assets 2021: $317,9022021Assets 2022: $371,518Liabilities 2022: $29,262Net Assets 2022: $342,2562022Assets 2023: $322,051Liabilities 2023: $84,098Net Assets 2023: $237,9532023Assets 2024: $786,957Liabilities 2024: $83,327Net Assets 2024: $703,6302024

Highlighted filing

2020

Assets$349,025
Liabilities$129,122
Net Assets$219,903

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,004,393Expenses 2010: $1,097,743Net Income 2010: -$93,3502010Revenue 2011: $479,052Expenses 2011: $402,752Net Income 2011: $76,3002011Revenue 2012: $479,052Expenses 2012: $402,752Net Income 2012: $76,3002012Revenue 2013: $1,004,689Expenses 2013: $834,431Net Income 2013: $170,2582013Revenue 2014: $1,509,020Expenses 2014: $1,438,439Net Income 2014: $70,5812014Revenue 2015: $1,179,509Expenses 2015: $1,042,540Net Income 2015: $136,9692015Revenue 2016: $869,479Expenses 2016: $976,015Net Income 2016: -$106,5362016Revenue 2017: $875,935Expenses 2017: $1,163,836Net Income 2017: -$287,9012017Revenue 2018: $1,084,791Expenses 2018: $1,010,021Net Income 2018: $74,7702018Revenue 2019: $1,131,472Expenses 2019: $1,111,387Net Income 2019: $20,0852019Revenue 2020: $1,009,141Expenses 2020: $843,976Net Income 2020: $165,1652020Revenue 2021: $1,213,186Expenses 2021: $852,754Net Income 2021: $360,4322021Revenue 2022: $1,589,145Expenses 2022: $1,546,740Net Income 2022: $42,4052022Revenue 2023: $1,551,215Expenses 2023: $1,719,221Net Income 2023: -$168,0062023Revenue 2024: $2,253,411Expenses 2024: $1,315,027Net Income 2024: $938,3842024

Highlighted filing

2020

Revenue$1,009,141
Expenses$843,976
Net Income$165,165
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,009,141
Mission and Program Overview

Mission

Tectonic theater project is an award-winning company whose plays have been performed around the world. The company is dedicated to developing innovative works that explore theatrical language and form, fostering an artistic dialogue with our audiences on the social, political, and human issues that affect us all. In service to this goal, tectonic supports readings, workshops,and full theatrical productions, as well as training for students around the country in our play-making techniques.

TECTONIC THEATER PROJECT is an award-winning company whose plays have been performed around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$92,131$180,780▲ $88,649
Cash and Non-Interest-Bearing Accounts$33,223$73,435▲ $40,212
Savings and Temporary Cash Investments-$50,008-
Accounts Receivable$7,250$16,990▲ $9,740
Prepaid Expenses and Deferred Charges$13,242$12,948▼ $294
Land, Buildings, and Equipment, Net$10,346$5,384▼ $4,962
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$165,612$349,025▲ $183,413
Other Assets Total$9,420$9,480▲ $60
Liabilities
Unsecured Notes Loans Payable-$87,800-
Accounts Payable and Accrued Expenses$38,573$28,932▼ $9,641
Deferred Revenue$5,627$12,390▲ $6,763
Total Liabilities$44,200$129,122▲ $84,922
Net Assets / Fund Balance
Net Assets With Donor Restrictions$35,000$117,424▲ $82,424
Net Assets Without Donor Restrictions$86,412$102,479▲ $16,067
Total Net Assets Fund Balance$121,412$219,903▲ $98,491
Total Liabilities and Net Assets / Fund Balance$165,612$349,025▲ $183,413

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,467$28,600$32,067
Other Land Buildings$1,917$21,645$23,562
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew JoslynExecutive DirectorFT$109,413$10,862$120,275
Moises KaufmanArtistic DirectorFT$100,483$10,862$111,345
Jeffrey LaHosteDirector-$1,650-$1,650

Board Members and Trustees

NameTitle
John HadityChairman
Alan KornbergVice-Chair
Mark GudeVice-Chair
Aaron WaltonDirector
Barbara WhitmanDirector
Deborah BarreraDirector
George Slowik JrDirector
Gretchen TibbitsDirector
Jeffrey LawhornDirector
Jeffrey ResslerDirector
Lori SteinbergDirector
Michael GrazianoDirector
Ruth FisherDirector
Scott JohnsonDirector
Tim WuDirector
Amy StursbergSecretary
Richard SheehanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$897,483
Program Service Revenue
$109,599
Investment Income
$0
Other Revenue
$2,059
All Other Contributions
$749,480
Change in Net Assets
$165,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,009,141
Total Revenue per Audited Statements
$1,009,141
Total Revenue per Form 990
$1,009,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$619,523
Other Expenses$224,453
Total Fundraising Expense$94,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$202,590$65,991$17,669$286,250
Current Officers, Directors, Trustees, and Key Employees$150,732$41,071$52,182$243,985
Fees for Services Other$62,146$33,963$5,635$101,744
Other Employee Benefits$35,023$11,019$4,606$50,648
Occupancy$29,339$6,922$4,364$40,625
Payroll Taxes$25,832$7,855$4,953$38,640
Travel$9,600$2,745$1,260$13,605
Insurance$8,444$2,568$1,619$12,631
Office Expenses$5,291$1,609$1,013$7,913
Advertising-$6,027-$6,027
Depreciation Depletion$3,317$1,009$636$4,962
All Other Expenses$1,710$1,335$292$3,337
Other Expenses$362$1,875$593$2,237
Fees for Services Legal-$2,009-$2,009
Total Functional Expenses$555,289$193,865$94,822$843,976

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$843,976
Total Expenses per Audited Statements$843,976
Total Expenses per Form 990$843,976
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$104,523---
Total Events$104,523---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Jeff LaHoste is married to Moiss Kaufman.

Form 990, Part VI, Line 11B: Form 990 Review Process

Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions. Board members self-report, and board discusses if board members become aware of any conflicts.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The decision is made in an executive session, so there is no contemporaneous record.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the other officers to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Tectonic Theater Project Inc
EIN
13-3686664
Phone
2125796111
Address
340 West 42nd Street 2624, New York, NY 10036

Signing Officer

Name
Richard Sheehan
Title
Treasurer
Signed
2021-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Hadity
Formed
1991
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
17
Employees
28
Volunteers
25

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Prior period adjustment = -$66674

Financial Statement Notes

Part X : FIN48 Footnote

The Theater does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending December 31, 2017 and later are subject to examination by applicable taxing authorities.

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IRS990/Desc0The Album, or Here There Are BlueberriesWritten by Founding Artistic Director Moiss Kaufman and company member Amanda Gronich.January 2020: Table Reading of the play to discover how close the project is to completion.February 2020: Full workshop with devisors/readers to continue working on the play.March 2020: Two presentation readings of the play were held at The Public Theater for invited guests and producers to gauge interest in presenting the play.COVID lockdown shut down further meetings to develop the play, the authors continued to work on the play and met via telepnone and Zoom numerous times during the rest of the year.Treatment & Data (formerly titled Euphoria)By Moiss Kaufman, a play about the ACT UP movement, and Spencer Cox specifically, dealing with long term survivors of AIDS. From August through December 2020, online workshops were held between the author and devisors, exploring further the writing of the play. Devisors continued intensive research into the subject matter and the interviewees who had participated. Throughout 2020, continued interviews with participants of ACT UP, the Treatment and Data working group and long-term AIDS survivors.Las Aventuras de Juan Planchard By Moiss Kaufman, based on the book by Jonathan Jakubowitz, written in Spanish and commissioned by Tectonic. The play has been substantially written in 2019 and will continue to be refined moving forward in anticipation of Spanish-language productions in Miami, in Spanish-language theaters across the United States, South America and Spain. Plans were put on hold due to COVID, but an online reading of the play was created and held in June 2020 to raise interest in the property.Zephyr by Jeffrey LaHoste, commissioned by Tectonic Theater Project Intially, workhops/presentations were scheduled for 2020 at Loyola University in New Orleans. These were begun in January and February 2020, but due to COVID could not continue into April. Instead, a fully online workshop and conversation were held with faculty and students through April 2020.The Very Extraordinary Mr. LawBy Jeffrey LaHoste, commissioned by Tectonic Theater ProjectTectonic continues to seek an initial professional production of the play.February 2020: A workshop and reading was performed at the Zach Theater in Austin, TX, directed by Lucy Tiberghian.Moments in ProgressAn initiative by Tectonic Theater Project to hold twice-yearly (when possible) ticketed evening events of readings from our works-inprogress aimed at keeping our donors, funders, supporters and board engaged in our continuing work on new plays. One event was held on January 27, 2020 at TheaterLab in NYC and was sold out. Further Moments in Progress were not held due to COVID.2020 Moment Work Institute - Education and Community Engagement ActivitiesTectonic Theater Project conducted residencies and workshops in our devising technique, Moment Work. These normall take place in colleges, universities, high schools, academic and artistic conferences and did so at the beginning of 2020. They varied in length from 90 minutes to a full academic year and were taught by our expert Teaching Artists.All programming was halted by the COVID-19 lockdown for a short time. Our staff and teachers made an immediate pivot to formulate and implement a fully online series of programming. Tectonic was both lucky in our staff and artists, and nimble enough, tosalvage most of the programming that had been planned, though our income stream from this programming was seriously affected. The Moment Work Institute was still able to hold over 25 individual programs for various schools, colleges and universities and theater companies as well as individual artists in workshops throughout the year,all completed online.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Matthew Joslyn
IRS990/Form990PartVIISectionAGrp/PersonNm1Moises Kaufman
IRS990/Form990PartVIISectionAGrp/PersonNm2Jeffrey LaHoste
IRS990/Form990PartVIISectionAGrp/PersonNm3John Hadity
IRS990/Form990PartVIISectionAGrp/PersonNm4Alan Kornberg
IRS990/Form990PartVIISectionAGrp/PersonNm5Mark Gude
IRS990/Form990PartVIISectionAGrp/PersonNm6Richard Sheehan
IRS990/Form990PartVIISectionAGrp/PersonNm7Amy Stursberg
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael Graziano
IRS990/Form990PartVIISectionAGrp/PersonNm9Deborah Barrera
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeffrey Lawhorn
IRS990/Form990PartVIISectionAGrp/PersonNm11Jeffrey Ressler
IRS990/Form990PartVIISectionAGrp/PersonNm12Gretchen Tibbits
IRS990/Form990PartVIISectionAGrp/PersonNm13Barbara Whitman
IRS990/Form990PartVIISectionAGrp/PersonNm14Tim Wu
IRS990/Form990PartVIISectionAGrp/PersonNm15Ruth Fisher
IRS990/Form990PartVIISectionAGrp/PersonNm16Scott Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm17George Slowik Jr
IRS990/Form990PartVIISectionAGrp/PersonNm18Lori Steinberg
IRS990/Form990PartVIISectionAGrp/PersonNm19Aaron Walton
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Artistic Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
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IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InsuranceGrp/FundraisingAmt01619
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IRS990/InsuranceGrp/ProgramServicesAmt08444
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TECTONIC THEATER PROJECT is an award-winning company whose plays have been performed around the world. The company is dedicated to developing innovative works that explore theatrical language and form, fostering an artistic dialogue with audiences on the social, political, and human issues that affect us all. In service to this goal, Tectonic supports readings, workshops, and full theatrical productions, as well as training for students around the country in our play-making techniques.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt05291
IRS990/OfficeExpensesGrp/TotalAmt07913
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IRS990/OtherExpensesGrp/Desc0Production Expense
IRS990/OtherExpensesGrp/Desc1Bank & Credit Card Charges
IRS990/OtherExpensesGrp/Desc2Telephone & Internet
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1941
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21875
IRS990/OtherExpensesGrp/ProgramServicesAmt017810
IRS990/OtherExpensesGrp/ProgramServicesAmt13093
IRS990/OtherExpensesGrp/ProgramServicesAmt2362
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IRS990/OtherExpensesGrp/TotalAmt16926
IRS990/OtherExpensesGrp/TotalAmt24627
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IRS990/PrincipalOfficerNm0John Hadity
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.08$0.70$2.25$1.32$0.94
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.08$0.24$1.55$1.72$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.03$0.34$1.59$1.55$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.02$0.32$1.21$0.85$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.13$0.22$1.01$0.84$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.04$0.12$1.13$1.11$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.08$0.10$1.08$1.01$0.07
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.14$0.11$0.03$0.88$1.16$0.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.10$0.31$0.87$0.98$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.07$0.42$1.18$1.04$0.14
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.38$0.09$0.28$1.51$1.44$0.07
2013Summary only. Only limited summary data is available for this year.$0.39$0.18$0.21$1.00$0.83$0.17
2012Summary only. Only limited summary data is available for this year.$0.06$0.08$0.02$0.48$0.40$0.08
2011Summary only. Only limited summary data is available for this year.$0.06$0.08$0.02$0.48$0.40$0.08
2010Summary only. Only limited summary data is available for this year.$0.12$0.20$0.08$1.00$1.10$0.09