Civic Intelligence

Victor Farmington Library

990 • Fiscal year 2018 • EIN 16-0864990

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 27, 2019

15 West Main StreetVictor, NY 14564

(585) 924-2637

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$1,229,727

Flat from 2018

Net Assets

Flat

$575,064

Flat from 2018

Liabilities

Flat

$654,663

Flat from 2018

Revenue And Expenses

Revenue

Flat

$555,255

Flat from 2018

Expenses

Flat

$525,107

Flat from 2018

Net Income

Flat

$30,148

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $886,217Liabilities 2010: $372,432Net Assets 2010: $513,7852010Assets 2011: $886,632Liabilities 2011: $344,625Net Assets 2011: $542,0072011Assets 2012: $890,557Liabilities 2012: $316,145Net Assets 2012: $574,4122012Assets 2013: $890,003Liabilities 2013: $284,231Net Assets 2013: $605,7722013Assets 2014: $859,385Liabilities 2014: $247,067Net Assets 2014: $612,3182014Assets 2015: $767,403Liabilities 2015: $227,335Net Assets 2015: $540,0682015Assets 2016: $1,185,551Liabilities 2016: $646,913Net Assets 2016: $538,6382016Assets 2017: $1,167,445Liabilities 2017: $620,904Net Assets 2017: $546,5412017Assets 2018: $1,229,727Liabilities 2018: $654,663Net Assets 2018: $575,0642018Assets 2018: $1,229,727Liabilities 2018: $654,663Net Assets 2018: $575,0642018Assets 2019: $1,318,593Liabilities 2019: $685,940Net Assets 2019: $632,6532019Assets 2020: $1,450,355Liabilities 2020: $747,121Net Assets 2020: $703,2342020Assets 2021: $1,800,511Liabilities 2021: $933,155Net Assets 2021: $867,3562021Assets 2022: $1,497,291Liabilities 2022: $856,548Net Assets 2022: $640,7432022Assets 2023: $1,695,064Liabilities 2023: $856,592Net Assets 2023: $838,4722023

Highlighted filing

2018

Assets$1,229,727
Liabilities$654,663
Net Assets$575,064

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $411,4042010Expenses 2011: $403,5402011Expenses 2012: $401,0772012Revenue 2013: $437,892Expenses 2013: $406,614Net Income 2013: $31,2782013Revenue 2014: $465,652Expenses 2014: $494,235Net Income 2014: -$28,5832014Revenue 2015: $469,454Expenses 2015: $540,389Net Income 2015: -$70,9352015Revenue 2016: $530,193Expenses 2016: $534,274Net Income 2016: -$4,0812016Revenue 2017: $526,544Expenses 2017: $524,777Net Income 2017: $1,7672017Revenue 2018: $555,255Expenses 2018: $525,107Net Income 2018: $30,1482018Revenue 2018: $555,255Expenses 2018: $525,107Net Income 2018: $30,1482018Revenue 2019: $615,557Expenses 2019: $560,898Net Income 2019: $54,6592019Revenue 2020: $688,812Expenses 2020: $619,825Net Income 2020: $68,9872020Revenue 2021: $815,781Expenses 2021: $654,297Net Income 2021: $161,4842021Revenue 2022: $975,489Expenses 2022: $772,031Net Income 2022: $203,4582022Revenue 2023: $987,299Expenses 2023: $792,957Net Income 2023: $194,3422023

Highlighted filing

2018

Revenue$555,255
Expenses$525,107
Net Income$30,148
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 27, 2019
Return Version
2018v3.1
Gross Receipts
$555,255
Mission and Program Overview

Mission

Our purpose is to be a strong community partner by providing inclusive access to information, technology, and educational resources. We strive to foster lifelong learning, civic engagement, cultural enrichment, and social connection through responsive and innovative services and programs.

To promote and nurture a sense of community by offering the space and resources for educational, recreational, and cultural enrichment for patrons of all ages.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$474,940$543,851▲ $68,911
Land, Buildings, and Equipment, Net$523,972$512,481▼ $11,491
Savings and Temporary Cash Investments$149,537$149,656▲ $119
Investments Other Securities$18,996$17,371▼ $1,625
Pledges and Grants Receivable-$6,339-
Prepaid Expenses and Deferred Charges-$29-
Total Assets$1,167,445$1,229,727▲ $62,282
Liabilities
Deferred Revenue$478,367$556,586▲ $78,219
Mortgage Notes Payable Secured by Investment Property$126,464$80,234▼ $46,230
Accounts Payable and Accrued Expenses$16,073$17,843▲ $1,770
Total Liabilities$620,904$654,663▲ $33,759
Net Assets / Fund Balance
Unrestricted Net Assets$546,541$575,064▲ $28,523
Total Net Assets Fund Balance$546,541$575,064▲ $28,523
Total Liabilities and Net Assets / Fund Balance$1,167,445$1,229,727▲ $62,282

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$507,097$435,482$942,579
Equipment$5,384$205,272$210,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim NiverLibrary DirectorFT$60,986$6,464$67,450

Board Members and Trustees

NameTitle
Jim MyersPresident
Bea ParkerVice President
Bonnie WallaceDirector
Brad MaloneDirector
Pat BartholomewDirector
Rose HancockDirector
Suzanne KacprzynskiDirector
Daisy FantauzziSecretary
Geoffrey BernhardtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$528,782
Program Service Revenue
$26,115
Investment Income
$358
Other Revenue
$0
All Other Contributions
$22,534
Change in Net Assets
$30,148

Audited Revenue Reconciliation

Revenue per Audited Statements
$555,255
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,625
Total Revenue per Audited Statements
$553,630
Total Revenue per Form 990
$555,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$338,422
Other Expenses$186,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$228,875$8,343-$237,218
Current Officers, Directors, Trustees, and Key Employees$13,490$53,960-$67,450
Depreciation Depletion$27,421$3,040-$30,461
Fees for Services Other$12,306$11,731-$24,037
Payroll Taxes$20,798$2,534-$23,332
Occupancy$11,466$1,271-$12,737
Office Expenses$9,727--$9,727
Other Employee Benefits$9,678--$9,678
Interest$6,735$747-$7,482
Fees for Services Accounting-$7,425-$7,425
Insurance$4,084$453-$4,537
Other Expenses$3,949$1,731-$3,949
All Other Expenses$1,925--$1,925
Pension Plan Contributions$744--$744
Fees for Services Legal-$608-$608
Total Functional Expenses$433,264$91,843$0$525,107

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$525,107
Total Expenses per Audited Statements$525,107
Total Expenses per Form 990$525,107
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is presented to the entire board at a regular monthly meeting for their review prior to the filing.

Form 990, Part VI, Section B, Line 12C

On an annual basis, each board member signs a conflict of interest disclosure form in accordance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

As part of the annual review process, the board reviews and approves the library director's salary.

Form 990, Part VI, Section C, Line 19

The documents required to be made publically available are maintained at the library and are available upon request.

Filing and Contact Details

Filer

Filer Name
Victor Farmington Library
EIN
16-0864990
Phone
5859242637
Address
15 WEST MAIN STREET, VICTOR, NY 14564

Signing Officer

Name
Geoffrey Bernhardt
Title
Treasurer
Phone
5859242637
Signed
2019-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Niver
Formed
1939
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
23
Volunteers
25

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL, PITTSFORD, NY 14534
Preparer
Chelsey Wyant
Phone
5853811000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of trustees reviews the results of the audit with the independent auditor at a regularly scheduled board meeting.

Financial Statement Notes

PART III, LINE 1A:

In accordance with common library practice, the library has not reflected the value of collections on its financial statements. Purchases of or proceeds from the sale of collection items are recorded as changes in unrestricted net assets in the year the transaction occurs. Collection items received as donations are not recorded as income in the statement of activities and change in net assets.

PART III, LINE 4:

The library's collection consists of books and other media items for community members to utilize.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017932
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21510
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0497911
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0316
IRS990/PYOtherExpensesAmt0170021
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt028317
IRS990/PYRevenuesLessExpensesAmt01767
IRS990/PYSalariesCompEmpBnftPaidAmt0354756
IRS990/PYTotalExpensesAmt0524777
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0526544
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt030148
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt026115
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0149537
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0149656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0528782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0497911
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0496571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0440876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0436154
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02400294
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0358
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0316
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0326
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0276
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02592
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03868
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0142936
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportPY170Pct00.99850
IRS990ScheduleA/PublicSupportTotal170Amt02400294
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0528782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0497911
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0496571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0440876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0436154
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02400294
IRS990ScheduleA/TotalSupportAmt02404162
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0507097
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0435482
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0942579
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedLoanOrExchProgInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt05384
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0205272
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0210656
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0525107
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1625
IRS990ScheduleD/RevenueNotReportedAmt0-1625
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0555255
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH COMMON LIBRARY PRACTICE, THE LIBRARY HAS NOT REFLECTED THE VALUE OF COLLECTIONS ON ITS FINANCIAL STATEMENTS. PURCHASES OF OR PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE RECORDED AS CHANGES IN UNRESTRICTED NET ASSETS IN THE YEAR THE TRANSACTION OCCURS. COLLECTION ITEMS RECEIVED AS DONATIONS ARE NOT RECORDED AS INCOME IN THE STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE LIBRARY'S COLLECTION CONSISTS OF BOOKS AND OTHER MEDIA ITEMS FOR COMMUNITY MEMBERS TO UTILIZE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0512481
IRS990ScheduleD/TotalExpensesPerForm990Amt0525107
IRS990ScheduleD/TotalRevenuePerForm990Amt0555255
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0553630
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0525107
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED TO THE ENTIRE BOARD AT A REGULAR MONTHLY MEETING FOR THEIR REVIEW PRIOR TO THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST DISCLOSURE FORM IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PART OF THE ANNUAL REVIEW PROCESS, THE BOARD REVIEWS AND APPROVES THE LIBRARY DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS REQUIRED TO BE MADE PUBLICALLY AVAILABLE ARE MAINTAINED AT THE LIBRARY AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES REVIEWS THE RESULTS OF THE AUDIT WITH THE INDEPENDENT AUDITOR AT A REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01167445
IRS990/TotalAssetsEOYAmt01229727
IRS990/TotalAssetsGrp/BOYAmt01167445
IRS990/TotalAssetsGrp/EOYAmt01229727
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0528782
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0433264
IRS990/TotalFunctionalExpensesGrp/TotalAmt0525107
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0620904
IRS990/TotalLiabilitiesEOYAmt0654663
IRS990/TotalLiabilitiesGrp/BOYAmt0620904
IRS990/TotalLiabilitiesGrp/EOYAmt0654663
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0546541
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0575064
IRS990/TotalOtherCompensationAmt06464
IRS990/TotalProgramServiceExpensesAmt0433264
IRS990/TotalProgramServiceRevenueAmt026115
IRS990/TotalReportableCompFromOrgAmt060986
IRS990/TotalRevenueGrp/ExclusionAmt0358
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026115
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0555255
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01167445
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01229727
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0546541
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0575064
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015 WEST MAIN STREET

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.70$0.86$0.84$0.99$0.79$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.86$0.64$0.98$0.77$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.93$0.87$0.82$0.65$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.75$0.70$0.69$0.62$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.69$0.63$0.62$0.56$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.65$0.58$0.56$0.53$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.65$0.58$0.56$0.53$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.62$0.55$0.53$0.52$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.65$0.54$0.53$0.53$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.23$0.54$0.47$0.54$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.25$0.61$0.47$0.49$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.89$0.28$0.61$0.44$0.41$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.32$0.57$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.34$0.54$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.37$0.51$0.41