Civic Intelligence

Kaplan Educational Foundation

990 • Fiscal year 2020 • EIN 20-0495155

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileWWW.KAPLANEDFOUNDATION.ORG
623 Broadway 2nd FloorNew York, NY 10012

(212) 707-5300

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

19th percentile

0.04x

Higher debt load relative to revenue than 19% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

3rd percentile

-102%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

10th percentile

-6.7%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-56%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$5,209,355

Down $371,519 (-6.7%) from 2019

Net Assets

Down

$5,195,042

Down $168,694 (-3.1%) from 2019

Liabilities

Down

$14,313

Down $202,825 (-93%) from 2019

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin3rd percentile

Revenue

Down

$335,361

Down $434,392 (-56%) from 2019

Expenses

Down

$677,703

Down $116,098 (-15%) from 2019

Net Income

Down

-$342,342

Down $318,294 (-1324%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,535,614Liabilities 2011: $02011Assets 2012: $4,856,473Liabilities 2012: $02012Assets 2019: $5,580,874Liabilities 2019: $217,138Net Assets 2019: $5,363,7362019Assets 2020: $5,209,355Liabilities 2020: $14,313Net Assets 2020: $5,195,0422020Assets 2021: $5,757,568Liabilities 2021: $17,805Net Assets 2021: $5,739,7632021Assets 2022: $4,769,790Liabilities 2022: $204,352Net Assets 2022: $4,565,4382022Assets 2023: $5,137,662Liabilities 2023: $147,073Net Assets 2023: $4,990,5892023Assets 2024: $6,035,384Liabilities 2024: $149,163Net Assets 2024: $5,886,2212024

Highlighted filing

2020

Assets$5,209,355
Liabilities$14,313
Net Assets$5,195,042
Open 2020 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $648,462Expenses 2011: $932,166Net Income 2011: -$283,7042011Revenue 2012: $457,742Expenses 2012: $1,004,172Net Income 2012: -$546,4302012Revenue 2019: $769,753Expenses 2019: $793,801Net Income 2019: -$24,0482019Revenue 2020: $335,361Expenses 2020: $677,703Net Income 2020: -$342,3422020Revenue 2021: $496,497Expenses 2021: $683,744Net Income 2021: -$187,2472021Revenue 2022: $561,514Expenses 2022: $891,390Net Income 2022: -$329,8762022Revenue 2023: $754,976Expenses 2023: $725,764Net Income 2023: $29,2122023Revenue 2024: $1,104,879Expenses 2024: $722,858Net Income 2024: $382,0212024

Highlighted filing

2020

Revenue$335,361
Expenses$677,703
Net Income-$342,342
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$595,135
Mission and Program Overview

Mission

To eliminate barriers to higher education for overlooked and under-served students and develop them as world leaders and advocates for their communities by providing a comprehensive array of financial and academic support, transfer admissions, advising and leadership skills development.

Provide academic and financial support to strong college students with demonstrated need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,116,156$4,621,783▼ $494,373
Cash and Non-Interest-Bearing Accounts$364,501$555,572▲ $191,071
Accounts Receivable$100,217--
Prepaid Expenses and Deferred Charges-$32,000-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$5,580,874$5,209,355▼ $371,519
Liabilities
Accounts Payable and Accrued Expenses$217,138$14,313▼ $202,825
Total Liabilities$217,138$14,313▼ $202,825
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,263,519$5,195,042▼ $68,477
Net Assets With Donor Restrictions$100,217$0▼ $100,217
Total Net Assets Fund Balance$5,363,736$5,195,042▼ $168,694
Total Liabilities and Net Assets / Fund Balance$5,580,874$5,209,355▼ $371,519

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,568$3,568
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy Lee SanchezExecutive DirectorFT$137,053$7,927$144,980

Board Members and Trustees

NameTitle
Melissa MackChairman, Director
Christopher NeumannDirector
Ernest Bervell MensahDirector
Harold ElishDirector
Jane RosenbergDirector
Jon-paul BernardDirector
Yael AufgangDirector
Paula PescaruSecretary
Annie TogniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$254,589
Program Service Revenue
$0
Investment Income
$80,772
Other Revenue
$0
All Other Contributions
$254,589
Change in Net Assets
$-342,342

Audited Revenue Reconciliation

Revenue per Audited Statements
$508,980
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$261,632
Total Revenue per Audited Statements
$770,612
Total Revenue per Form 990
$508,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$287,877
Other Expenses$275,038
Grants and Similar Amounts Paid$112,708
Total Fundraising Expense$48,404
Professional Fundraising Fees$2,080

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$137,061$34,682$14,442$186,185
Grants to Domestic Individuals$112,708--$112,708
Other Salaries and Wages$74,860$18,942$7,890$101,692
Office Expenses$16,830$27,986-$44,816
Conferences and Meetings--$16,321$16,321
Fees for Services Other-$13,730-$13,730
Information Technology$1,800-$5,572$7,372
Insurance-$5,314$806$6,120
Fees for Services Accounting-$2,388$362$2,750
Fees for Services Professional Fundraising--$2,080$2,080
Other Expenses$1,592--$1,592
All Other Expenses--$931$931
Total Functional Expenses$526,257$103,042$48,404$677,703

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$939,335
Expenses per Audited Statements$677,703
Total Expenses per Form 990$677,703
Expenses Not Reported on Form 990$261,632
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,080
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
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
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

“Management reviews the form 990 prior to filing.”

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

“All officers and directors are required to review the conflict of interest policy on an annual basis. If a conflict does exist, it much be reported.”

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

“The board determines executive director compensation based on compensation information of similar organizations.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Kaplan Educational Foundation
EIN
20-0495155
Phone
2127075300
Address
623 BROADWAY 2ND FLOOR, NEW YORK, NY 10012

Signing Officer

Name
Nancy Sanchez
Title
Executive Director
Phone
2127075300
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Sanchez
Formed
2003
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
25

Preparer

Firm
Cohnreznick Llp
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A:

“The organization relies on the services of kaplan, inc. An unrelated organization to assist with processing and filing all required form w-2s. As such, part v, line 2a is 0.”

FORM 990, PART XI, LINE 9:

“Prior period adjustments -12,030.”

Financial Statement Notes

PART X, LINE 2:

“The company is a nonprofit corporation as described in section 501(c)(3) of the internal revenue code (irc) as other than a private foundation and is exempt from federal and state income taxes on related income pursuant to section 501(a) of the irc.”

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IRS990/PYTotalExpensesAmt0793801
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0769753
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-342342
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0254589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0634344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02092043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0498874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0403134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03882984
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt062546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037684
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt074736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt074903
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt095189
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0345058
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46710
IRS990ScheduleA/PublicSupportPY170Pct00.49190
IRS990ScheduleA/PublicSupportTotal170Amt01974893
IRS990ScheduleA/SubstantialContributorsTotAmt01908091
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0254589
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02092043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0498874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0403134
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03882984
IRS990ScheduleA/TotalSupportAmt04228042
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0261632
IRS990ScheduleD/DonatedServicesUseFcltsAmt0261632
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03568
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03568
IRS990ScheduleD/ExpensesNotReportedAmt0261632
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0677703
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0261632
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0508980
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS OTHER THAN A PRIVATE FOUNDATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0677703
IRS990ScheduleD/TotalRevenuePerForm990Amt0508980
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0770612
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0939335
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0112708
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt054
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0APPLICATION DOCUMENTS ARE REVIEWED TO DETERMINE APPLICANTS' FINANCIAL NEED. STUDENT PERFORMANCE IS THEN REVIEWED ON A MONTHLY BASIS TO ENSURE COMPLIANCE PRIOR TO STIPEND APPROVAL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIES ON THE SERVICES OF KAPLAN, INC. AN UNRELATED ORGANIZATION TO ASSIST WITH PROCESSING AND FILING ALL REQUIRED FORM W-2S. AS SUCH, PART V, LINE 2A IS 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF A CONFLICT DOES EXIST, IT MUCH BE REPORTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DETERMINES EXECUTIVE DIRECTOR COMPENSATION BASED ON COMPENSATION INFORMATION OF SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENTS -12,030.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/StatesWhereCopyOfReturnIsFldCd1CT
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IRS990/StatesWhereCopyOfReturnIsFldCd3FL
IRS990/StatesWhereCopyOfReturnIsFldCd4GA
IRS990/StatesWhereCopyOfReturnIsFldCd5MA
IRS990/StatesWhereCopyOfReturnIsFldCd6NJ
IRS990/StatesWhereCopyOfReturnIsFldCd7NY
IRS990/StatesWhereCopyOfReturnIsFldCd8IL
IRS990/StatesWhereCopyOfReturnIsFldCd9MD
IRS990/StatesWhereCopyOfReturnIsFldCd10PA
IRS990/StatesWhereCopyOfReturnIsFldCd11RI
IRS990/StatesWhereCopyOfReturnIsFldCd12VA
IRS990/StatesWhereCopyOfReturnIsFldCd13DC
IRS990/StatesWhereCopyOfReturnIsFldCd14OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05580874
IRS990/TotalAssetsEOYAmt05209355
IRS990/TotalAssetsGrp/BOYAmt05580874
IRS990/TotalAssetsGrp/EOYAmt05209355
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0254589
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt048404
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0103042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0526257
IRS990/TotalFunctionalExpensesGrp/TotalAmt0677703
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0217138
IRS990/TotalLiabilitiesEOYAmt014313
IRS990/TotalLiabilitiesGrp/BOYAmt0217138
IRS990/TotalLiabilitiesGrp/EOYAmt014313
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05363736
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05195042
IRS990/TotalOtherCompensationAmt07927
IRS990/TotalProgramServiceExpensesAmt0526257
IRS990/TotalReportableCompFromOrgAmt0137053
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335361
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05580874
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05209355
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,209,355
Liabilities
$14,313
Net assets
$5,195,042
Revenue
$335,361
Expenses
$677,703
Net income
-$342,342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.04$0.15$5.89$1.10$0.72$0.38
2023Detailed filing. Detailed filing data is available for this year.$5.14$0.15$4.99$0.75$0.73$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.77$0.20$4.57$0.56$0.89$0.33
2021Detailed filing. Detailed filing data is available for this year.$5.76$0.02$5.74$0.50$0.68$0.19
2020Detailed filing. Detailed filing data is available for this year.$5.21$0.01$5.20$0.34$0.68$0.34
2019Detailed filing. Detailed filing data is available for this year.$5.58$0.22$5.36$0.77$0.79$0.02
2012Summary only. Only limited summary data is available for this year.$4.86$0.00$0.46$1.00$0.55
2011Summary only. Only limited summary data is available for this year.$5.54$0.00$0.65$0.93$0.28