Civic Intelligence

Waterfront Alliance Inc.

990 • Fiscal year 2014 • EIN 13-4355067

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 12, 2015

217 Water StreetNew York, NY 10038

(212) 935-9831

Siviq Scores

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

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

77th percentile

$176,673

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Asset Growth

84th percentile

21%

Faster asset growth than 84% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

36th percentile

-1.5%

Faster revenue growth than 36% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$952,297

Up $167,068 (+21%) from 2013

Net Assets

Up

$923,663

Up $161,604 (+21%) from 2013

Liabilities

Up

$28,634

Up $5,464 (+24%) from 2013

Revenue

Down

$1,367,753

Down $20,957 (-1.5%) from 2013

Expenses

Up

$1,206,149

Up $146,656 (+14%) from 2013

Net Income

Down

$161,604

Down $167,613 (-51%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $452,466Liabilities 2010: $65,278Net Assets 2010: $387,1882010Assets 2011: $347,626Liabilities 2011: $56,977Net Assets 2011: $290,6492011Assets 2012: $459,778Liabilities 2012: $26,936Net Assets 2012: $432,8422012Assets 2013: $785,229Liabilities 2013: $23,170Net Assets 2013: $762,0592013Assets 2014: $952,297Liabilities 2014: $28,634Net Assets 2014: $923,6632014Assets 2015: $648,803Liabilities 2015: $32,177Net Assets 2015: $616,6262015Assets 2016: $935,863Liabilities 2016: $97,180Net Assets 2016: $838,6832016Assets 2017: $774,876Liabilities 2017: $59,475Net Assets 2017: $715,4012017Assets 2018: $769,571Liabilities 2018: $80,737Net Assets 2018: $688,8342018Assets 2019: $885,218Liabilities 2019: $80,657Net Assets 2019: $804,5612019Assets 2020: $857,481Liabilities 2020: $273,448Net Assets 2020: $584,0332020Assets 2021: $1,397,130Liabilities 2021: $193,637Net Assets 2021: $1,203,4932021Assets 2022: $1,896,176Liabilities 2022: $435,475Net Assets 2022: $1,460,7012022Assets 2023: $3,044,989Liabilities 2023: $445,560Net Assets 2023: $2,599,4292023Assets 2024: $2,058,070Liabilities 2024: $577,077Net Assets 2024: $1,480,9932024

Highlighted filing

2014

Assets$952,297
Liabilities$28,634
Net Assets$923,663

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $862,0262010Expenses 2011: $906,5252011Revenue 2012: $1,134,930Expenses 2012: $992,737Net Income 2012: $142,1932012Revenue 2013: $1,388,710Expenses 2013: $1,059,493Net Income 2013: $329,2172013Revenue 2014: $1,367,753Expenses 2014: $1,206,149Net Income 2014: $161,6042014Revenue 2015: $1,166,457Expenses 2015: $1,473,494Net Income 2015: -$307,0372015Revenue 2016: $1,527,225Expenses 2016: $1,305,168Net Income 2016: $222,0572016Revenue 2017: $1,321,055Expenses 2017: $1,444,345Net Income 2017: -$123,2902017Revenue 2018: $1,360,369Expenses 2018: $1,386,936Net Income 2018: -$26,5672018Revenue 2019: $1,541,322Expenses 2019: $1,425,595Net Income 2019: $115,7272019Revenue 2020: $1,364,400Expenses 2020: $1,585,066Net Income 2020: -$220,6662020Revenue 2021: $2,187,207Expenses 2021: $1,570,469Net Income 2021: $616,7382021Revenue 2022: $2,284,710Expenses 2022: $2,023,517Net Income 2022: $261,1932022Revenue 2023: $3,485,195Expenses 2023: $2,353,327Net Income 2023: $1,131,8682023Revenue 2024: $1,819,478Expenses 2024: $2,950,039Net Income 2024: -$1,130,5612024

Highlighted filing

2014

Revenue$1,367,753
Expenses$1,206,149
Net Income$161,604
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,449,427
Mission and Program Overview

Mission

See schedule o for the metropolitan waterfront alliance (mwa)'s mission statement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$531,502$583,273▲ $51,771
Pledges and Grants Receivable$239,195$297,759▲ $58,564
Land, Buildings, and Equipment, Net$3,039$33,939▲ $30,900
Accounts Receivable-$13,667-
Prepaid Expenses and Deferred Charges$11,493$5,212▼ $6,281
Total Assets$785,229$952,297▲ $167,068
Other Assets Total-$18,447-
Liabilities
Accounts Payable and Accrued Expenses$23,170$25,323▲ $2,153
Other Liabilities-$3,311-
Total Liabilities$23,170$28,634▲ $5,464
Net Assets / Fund Balance
Unrestricted Net Assets$449,890$642,663▲ $192,773
Temporarily Rstr Net Assets$312,169$281,000▼ $31,169
Total Net Assets Fund Balance$762,059$923,663▲ $161,604
Total Liabilities and Net Assets / Fund Balance$785,229$952,297▲ $167,068

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,228$24,416$38,644
Leasehold Improvements$19,711$1,516$21,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roland LewisPresident and CEOFT$174,433$2,240$176,673
Roland Lewis--$174,433$2,240$176,673

Board Members and Trustees

NameTitle
Chris WardChair
John BouleVice Chair
Kent L BarwickVice Chair
Adrian BenepeDirector
Andrew McgovernDirector
Helena DurstDirector
Jake BeineckeDirector
Jeffrey HwangDirector
John AtkinsDirector
John H WattsDirector
Julie PullenDirector
Kate SindingDirector
Laurie BeckelmanDirector
MICHAEL O'KEEFEDirector
Margaret C AyersDirector
Paul BalserDirector
Peggy ShepardDirector
Rich MillerDirector
Steve WilsonDirector
Paige C SutherlandAssistant Treasurer
Kathy RobbSecretary
Jennifer CostleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,311,103
Program Service Revenue
$71,253
Investment Income
$235
Other Revenue
$-14,838
All Other Contributions
$823,213
Change in Net Assets
$161,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,367,753
Revenue Not Reported on Form 990
$201,007
Total Revenue per Audited Statements
$1,568,760
Total Revenue per Form 990
$1,367,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$702,095
Other Expenses$487,397
Total Fundraising Expense$95,276
Professional Fundraising Fees$16,657
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$371,261$31,973$28,411$431,645
Current Officers, Directors, Trustees, and Key Employees$149,600$8,800$17,600$176,000
Fees for Services Other$107,680$533$1,727$109,940
Other Employee Benefits$40,079$3,137$3,540$46,756
Occupancy$38,840$3,040$3,431$45,311
Payroll Taxes$35,997$2,818$3,180$41,995
Office Expenses$28,689$1,139$8,105$37,933
Fees for Services Lobbying$0$30,000$0$30,000
Fees for Services Accounting$16,462$1,289$1,454$19,205
Fees for Services Professional Fundraising--$16,657$16,657
Other Expenses$9,047$709$799$10,555
Information Technology$8,612$674$761$10,047
Conferences and Meetings$6,780$530$599$7,909
Depreciation Depletion$5,823$456$514$6,793
Pension Plan Contributions$4,885$382$432$5,699
All Other Expenses$2,625$1,428$232$4,285
Travel$2,280$179$201$2,660
Insurance$1,972$154$174$2,300
Total Functional Expenses$1,012,882$97,991$95,276$1,206,149

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,407,156
Expenses per Audited Statements$1,206,149
Total Expenses per Form 990$1,206,149
Expenses Not Reported on Form 990$201,007
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$81,674
Fundraising Gross Income$66,150
Professional Fundraising Fees$16,657

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heroes Gala$400,054$66,150$3,911$62,239
Total Events$400,054$66,150$81,674$-15,524
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$3,311
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
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
Metropolitan Waterfront Alliance Inc
EIN
13-4355067
Phone
2129359831
Address
217 WATER STREET, NEW YORK, NY 10038

Signing Officer

Name
Roland Lewis
Title
President and CEO
Phone
2129359831
Signed
2015-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roland Lewis
Formed
2007
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
22
Employees
14
Volunteers
600

Preparer

Firm
Rich and Bander Llp
Address
15 WEST 28TH ST SUITE 7A, NEW YORK, NY 10001
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Other

Form 990, part 1, line 1 description of organization mission: the metropolitan waterfront alliance (mwa) transforms new york harbor and the waterfronts of new york and new jersey through its focus on three areas:1) communication and collaboration2) policy initiatives3) direct servicemwa's programs in these areas address waterfront issues and the need to plan and advocate for the wise use of the new york and new jersey waterfronts.

Other

Part iii, line 4a: communications and collaborationmwa is the central source for information on waterfront issues in the new york metropolitan area. Mwa provides a variety of platforms to decision makers and the public for education, discussion, planning, and collaboration on the most important issues facing new york harbor and the new york and northern new jersey waterfront. These diverse platforms are invaluable resources to civic organizations, the states of new york and new jersey, and new york city.waterfront communicationsmwa reaches a broad range of individuals, organizations, and government leaders through its many communication tools. The electronic newsletter, waterwire, was distributed to approximately 9,000 readers twice a month. This newsletter is a reliable source of information on waterfront policy, news, events, and alliance partners themselves, and contains links to the mainstream media's waterfront reporting. Mwa's website is also a source of rich content including policy, publications, research, testimony, and event information. In 2014, mwa released the fourth annual edition of splash!, mwa's guide to low-cost and no-cost waterfront education and recreation opportunities in the warm season. The guide provides information about water-based educational programs and services that can be used by camps, schools, and individuals to explore the new york metropolitan region's waterfront and natural resources.in 2014, mwa organized a communications advisory committee to undertake a rebranding assessment, which cumulated in the hiring of a firm to rebrand the organization's identity, branding, website, and associated collateral. Mwa and its consultants will develop a comprehensive and consistent design strategy that cuts across all parts of the organization and will improve how the mwa brand is used in overall mwa communications. (the new brand, website, and associated collateral is scheduled to launch in june 2015.in september 2014, mwa hired a director of communications and development to guide mwa to improve the visibility and messaging of its programs, events, and policy work and ensure that multiple audiences readily recognize them. Waterfront conferencemwa's annual waterfront conference is the new york metropolitan region's preeminent gathering for the waterfront, regularly attracting upwards of 700 attendees. Each year, the waterfront conference promises a full day of discourse, workshops, and presentations focused on a broad waterfront theme. Mwa's 2014 waterfront conference focused on equity and resilience, showcased community leaders who are planning and advocating for the future of their local waterfronts, and explored how all waterfront plans must be strengthened for ecology and resilience. The waterfront conference drew a strong, active network of regional leaders, policymakers, waterfront advocates, environmental experts, and elected officials, with over 600 participants. Workshops included: pulling back the curtain: the working waterfront, innovation and education; and after the storm: it's all about implementation.city of water daymwa's annual city of water day has grown to become the largest family focused event that celebrates the world-class potential of the new york and northern new jersey waterfront, with a focus on engaging children and families through fun and educational outdoor activities. The seventh annual city of water day enjoyed great success, drawing more than 27,000 attendees to the water with events on governors island in new york, maxwell place park in hoboken, new jersey, and 35 additional city of water day in your neighborhood events taking place throughout the metropolitan region, ranging from van cortland park in the bronx, to the hudson river park in manhattan, to riverbank park in newark. In addition, mwa garnered the great atlantic and pacific tea company (a&p), its first premier sponsor for the event.mwa's task forcesmwa's six task forces, composed of waterfront experts and a

Pt VI, Line 11B

MWA has the form 990 prepared by an outside accounting firm and has established the following process to ensure that the information reported is complete and accurate. The President, Treasurer, and Finance Committee meet with the outside accountant and review the form 990 in detail to ensure that it correctly reflects all activities and policies at MWA. The final version is sent to the Board of Directors prior to submission to the Internal Revenue Service.

Pt VI, Line 12C

The conflict of interest policy is applicable to Directors, Officers, and employees who can influence the actions of MWA. If an employee believes that they have a conflict, they should disclose it to the CEO, who shall bring the matter to the attention of the board. If a Director believes they have a conflict, they should disclose it to the Board Chair, who shall bring it to the Board's attention. The Board shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to MWA. The decision of the Board on these matters will rest in their sole discretion, and their concern must be the welfare of MWA and the advancement of its purpose.

Pt VI, Line 15A

The decision on salary of the CEO was taken by the full board on recommendation by the Executive Committee. Prior to discussion with the Executive Committee, the Treasurer and the Chairs of the Board and the Governance Committee reviewed comparable salary information researched by the Treasurer; performance reviews of the CEO compiled by the Governance Chair; the fiscal condition of the Organization; and prior salary history.

Pt VI, Line 19

The Organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on GuideStar.org and its own website. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 217 Water Street, suite 300, New York, NY 10038... or by calling the Organization directly at (212)-935-9831.

Pt XII, Line 2C

The Organization has estabished a Finance Committee that among other things, assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.

Form 990, Part IX, Line 24F

Equipment 3063. 2625. 206. 232. Miscellaneous 1222. 0. 1222. 0.

Financial Statement Notes

Pt X, Line 2

The Organization has evaluated its current tax positions and has concluded that as of December 31, 2014, there are no significant uncertain tax positions for which a reserve would be necessary.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT AND CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990/IndependentAuditFinclStmtInd0true
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IRS990/InformationTechnologyGrp/ProgramServicesAmt08612
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IRS990/InsuranceGrp/FundraisingAmt0174
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IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
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IRS990/OtherExpensesGrp/ProgramServicesAmt0161291
IRS990/OtherExpensesGrp/ProgramServicesAmt120959
IRS990/OtherExpensesGrp/ProgramServicesAmt20
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IRS990/OtherExpensesGrp/TotalAmt128418
IRS990/OtherExpensesGrp/TotalAmt210750
IRS990/OtherExpensesGrp/TotalAmt310555
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1571
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1571
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt031973
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0371261
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02818
IRS990/PayrollTaxesGrp/ProgramServicesAmt035997
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0382
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05212
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0WATERFRONT CONSULTING
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCE FEES
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IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2568
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31250
IRS990/ProgSrvcAccomActy2Grp/Desc0SEE SCHEDULE O FOR THE ALLIANCE AND POLICY INITIATIVES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0255740
IRS990/ProgSrvcAccomActy3Grp/Desc0SEE SCHEDULE O FOR DIRECT SERVICE.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt047374
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IRS990/PYContributionsGrantsAmt01359920
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0544
IRS990/PYOtherExpensesAmt0344042
IRS990/PYOtherRevenueAmt0-37805
IRS990/PYProgramServiceRevenueAmt066051
IRS990/PYRevenuesLessExpensesAmt0329217
IRS990/PYSalariesCompEmpBnftPaidAmt0680951
IRS990/PYTotalExpensesAmt01059493
IRS990/PYTotalProfFndrsngExpnsAmt034500
IRS990/PYTotalRevenueAmt01388710
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0161604
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false

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.$2.06$0.58$1.48$1.82$2.95$1.13
2023Detailed filing. Detailed filing data is available for this year.$3.04$0.45$2.60$3.49$2.35$1.13
2022Detailed filing. Detailed filing data is available for this year.$1.90$0.44$1.46$2.28$2.02$0.26
2021Detailed filing. Detailed filing data is available for this year.$1.40$0.19$1.20$2.19$1.57$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.27$0.58$1.36$1.59$0.22
2019Summary only. Only limited summary data is available for this year.$0.89$0.08$0.80$1.54$1.43$0.12
2018Summary only. Only limited summary data is available for this year.$0.77$0.08$0.69$1.36$1.39$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.77$0.06$0.72$1.32$1.44$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.10$0.84$1.53$1.31$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.03$0.62$1.17$1.47$0.31
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.03$0.92$1.37$1.21$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.79$0.02$0.76$1.39$1.06$0.33
2012Summary only. Only limited summary data is available for this year.$0.46$0.03$0.43$1.13$0.99$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.06$0.29$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.07$0.39$0.86