Civic Intelligence

Phi Sigma Sigma Foundation Inc.

990 • Fiscal year 2012 • EIN 20-5942561

Jul 01, 2011 to Jun 30, 2012 • Filed on May 14, 2013

Organization ProfileWWW.PHISIGMASIGMA.ORG/FOUNDATION
8178 Lark Brown Road Suite 20221075-6424
Siviq Scores

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

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

64th percentile

5.1%

Faster asset growth than 64% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$2,026,323

Up $98,085 (+5.1%) from 2011

Net Assets

Up

$1,989,179

Up $91,257 (+4.8%) from 2011

Liabilities

Up

$37,144

Up $6,828 (+23%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$391,840

Up $12,468 (+3.3%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,928,238Liabilities 2011: $30,316Net Assets 2011: $1,897,9222011Assets 2012: $2,026,323Liabilities 2012: $37,144Net Assets 2012: $1,989,1792012Assets 2013: $2,262,463Liabilities 2013: $76,378Net Assets 2013: $2,186,0852013Assets 2014: $2,550,659Liabilities 2014: $83,923Net Assets 2014: $2,466,7362014Assets 2015: $2,663,440Liabilities 2015: $83,804Net Assets 2015: $2,579,6362015Assets 2016: $2,635,368Liabilities 2016: $48,568Net Assets 2016: $2,586,8002016Assets 2017: $2,716,678Liabilities 2017: $98,568Net Assets 2017: $2,618,1102017Assets 2018: $2,819,024Liabilities 2018: $40,197Net Assets 2018: $2,778,8272018Assets 2019: $3,035,627Liabilities 2019: $52,387Net Assets 2019: $2,983,2402019Assets 2020: $3,384,648Liabilities 2020: $40,894Net Assets 2020: $3,343,7542020Assets 2021: $4,162,612Liabilities 2021: $173,097Net Assets 2021: $3,989,5152021Assets 2022: $3,676,256Liabilities 2022: $202,817Net Assets 2022: $3,473,4392022Assets 2023: $4,004,353Liabilities 2023: $194,835Net Assets 2023: $3,809,5182023Assets 2024: $4,306,002Liabilities 2024: $160,946Net Assets 2024: $4,145,0562024Assets 2025: $4,600,272Liabilities 2025: $170,520Net Assets 2025: $4,429,7522025

Highlighted filing

2012

Assets$2,026,323
Liabilities$37,144
Net Assets$1,989,179
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2011: $616,918Expenses 2011: $379,372Net Income 2011: $237,5462011Expenses 2012: $391,8402012Expenses 2013: $461,4512013Revenue 2014: $760,568Expenses 2014: $576,359Net Income 2014: $184,2092014Revenue 2015: $718,212Expenses 2015: $573,199Net Income 2015: $145,0132015Revenue 2016: $600,487Expenses 2016: $557,456Net Income 2016: $43,0312016Revenue 2017: $575,391Expenses 2017: $593,709Net Income 2017: -$18,3182017Revenue 2018: $575,484Expenses 2018: $476,395Net Income 2018: $99,0892018Revenue 2019: $410,729Expenses 2019: $320,347Net Income 2019: $90,3822019Revenue 2020: $876,739Expenses 2020: $646,420Net Income 2020: $230,3192020Revenue 2021: $660,188Expenses 2021: $565,951Net Income 2021: $94,2372021Revenue 2022: $562,043Expenses 2022: $483,266Net Income 2022: $78,7772022Revenue 2023: $528,345Expenses 2023: $495,223Net Income 2023: $33,1222023Revenue 2024: $662,167Expenses 2024: $645,116Net Income 2024: $17,0512024Revenue 2025: $915,984Expenses 2025: $816,159Net Income 2025: $99,8252025

Highlighted filing

2012

Revenue-
Expenses$391,840
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 14, 2013
Return Version
2011v1.5
Gross Receipts
$1,006,158
Mission and Program Overview

Mission

Raise funds for the purpose of providing educational grants, scholarships, leadership, educational programming support of charitable organizations.

Filing and Contact Details

Filer

EIN
20-5942561
Raw XML AppendixShowing 400 of 509 raw XML fields

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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IRS990/Description0AWARDED 49,000 AND 20,350 IN EDUCATIONAL GRANTS AND SCHOLARSHIPS, RESPECTIVELY. GRANTED 42,000 TO THE PHI SIGMA SIGMA FRATERNITY FOR THE PROGRAM LEAP LEADERSHIP "GREATER THAN YOURSELF".FUNDED 3,150 FOR SEVEN UNDEGRADUATE INTERFRATERNITY INSTITUTE (UIFI) SCHOLARSHIPS.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ORGANIZATION ADOPTED FASB ASC 740, WHICH PRESENTED A COMPREHENSIVE MODEL FOR HOW AN ENTITY SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN AS OF JULY 1, 2009. UNDER THIS STANDARD, THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY THE IRS AND THE STATE OF MARYLAND. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE 2009-2011. THERE WAS NO IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS AS A RESULT OF THE IMPLEMENTATION OF FASB ASC 740.
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IRS990ScheduleD/NetUnrealizedGLOnInvestments0-23589
IRS990ScheduleD/RevenueNotRptdF9900-8682
IRS990ScheduleD/RevenueSubtotal0506686
IRS990ScheduleD/Sect170hRequirementsSatisfied0false
IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/TotalAdjustments0-23589
IRS990ScheduleD/TotalExpenses0391840
IRS990ScheduleD/TotalExpensesPerForm9900391840
IRS990ScheduleD/TotalOfBookValueLandBuildings044578
IRS990ScheduleD/TotalRevenue0506686
IRS990ScheduleD/TotalRevenuePerForm9900506686
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0406747
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0498004
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant072500
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients039
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0EDUCATIONAL
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0A COMMITTEE OF BOARD MEMBERS REVIEW THE SUBMITTED APPLICATIONS FOR ELIGIBILITY BASED ON FINANCIAL NEED, ACADEMIC STANDING, COMMUNITY SERVICE AND SERVICE TO THE FRATERNITY AND SELECT THE MOST QUALIFIED APPLICANTS. THESE ONE TIME GRANTS AND SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine108178 LARK BROWN ROAD
IRS990ScheduleI/RecipientTable/AddressUS/City0ELKRIDGE
IRS990ScheduleI/RecipientTable/AddressUS/State0MD
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode021075
IRS990ScheduleI/RecipientTable/AmountOfCashGrant042000
IRS990ScheduleI/RecipientTable/EINOfRecipient0530220898
IRS990ScheduleI/RecipientTable/IRCSection0C7
IRS990ScheduleI/RecipientTable/PurposeOfGrant0LEADERSHIP TRAINING
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10PHI SIGMA SIGMA INC
IRS990ScheduleI/RecordsMaintained0true
IRS990ScheduleI/TotalNbrOfOtherOrganizations01
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION IS ORGANIZED WITH MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1ACCORDING TO THE FOUNDATION'S ARTICLES OF INCORPORATION AND BYLAWS, ANY DIRECTOR ELECTED OR APPOINTED BY THE SUPREME COUNCIL OF THE FRATERNITY MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE BY THE SUPREME COUNCIL OF THE FRATERNITY AND ANY DIRECTOR ELECTED BY A MAJORITY VOTE OF THE FOUNDATION BOARD OF DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: A)THE NAMES OF PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE GOVERNING BOARDS OR COMMITTEES DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B)THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION INCLUDING ANY ALTERNATIVES TO THE PROPOSAL TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS.
IRS990ScheduleO/GeneralExplanation/Explanation3ACCORDING TO THE FOUNDATION'S BYLAWS, THE FINANCE COMMITTEE, CONSISTING OF THE TREASURER AND OTHER MEMBERS APPOINTED BY THE PRESIDENT, SHALL REPORT TO THE BOARD ON THE FINANCIAL AFFAIRS OF THE FOUNDATION AND REVIEW ISSUES RELATED TO FISCAL PLANNING, BUDGET FORMULATION AND RECOMMENDATIONS: FISCAL CONTROLS, AUDITS, INVESTMENTS, FEE AND GRANT SOLICITATION. THE RETURN PREPARER SENDS THE 990 TO THE TREASURER WHO THEN REVIEWS IT WITH THE FINANCE COMMITTEE. THE FISCAL YEAR 2012 FORM WAS DISCUSSED WITH THE BOARD IN ADVANCE OF ITS SUBMISSION WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FOLLOWING CONFLICT OF INTEREST POLICY IS INCLUDED IN THE FOUNDATION'S BYLAWS: SECTION 1-THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE FOUNDATION'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR AGREEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE FOUNDATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL GOVERNING CONFLICT OF INTEREST APPLICABLE TO NON-PROFIT AND CHARITIES FOUNDATIONS. SECTION-2 INTERESTED PERSON: ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST AS DEFINED BELOW IS AN INTERESTED PERSON. SECTION-3 FINANCIAL INTEREST, A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS DIRECTLY OR INDIRECTLY, THROUGH BUSINESS INVESTMENT OR FAMILY: A) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT B)A COMPENSATION ARRANGEMENT WITH THE FOUNDATION OR WITH THE ANY ENTITY OR INDIVIDUAL WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT OR C)A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE FOUNDATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT OR INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT INSUBSTANTIAL. A FINANCIAL INTEREST IS NOT NECESSARY A CONFLICT INTEREST. UNDER SECTION 4 A PERSON WHO HAS FINANCIAL INTEREST MAY HAVE A CONFLICT OF INTEREST ONLY IF THE APPROPRIATE GOVERNING BOARD OR COMMITTEE DECIDES THAT A CONFLICT OF INTEREST EXISTS. SECTION 4 PROCEDURES: 1)DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTIONS OR ARRANGEMENT. 2)DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE WILL SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF CONFLICT INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3) PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION HE/SHE WILL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B) THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. ON CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION AGREEMENT. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY: A)IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BE
IRS990ScheduleO/GeneralExplanation/Explanation5OFFICERS OF THE FOUNDATION ARE NOT COMPENSATED. THERE IS A HUMAN RESOURCES COMMITTEE, ACCORDING TO THE FOUNDATION'S BYLAWS, WHICH REPORTS TO THE FOUNDATION BOARD AND IT'S RESPONSIBLE FOR HUMAN RESOURCES AND PERSONNEL ISSUES. ACCORDING TO THEIR DELEGATION OF AUTHORITY, THE HUMAN RESOURCES COMMITTEE DETERMINE SALARY FOR STAFF. COMPENSATION IS DETERMINED BASED ON REVIEW OF SALARIES FOR SIMILAR POSITIONS IN OTHER CHARITIES AND ALL DECISIONS ARE DOCUMENTED THROUGH COMMITTEE MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation6OFFICERS OF THE FOUNDATION ARE NOT COMPENSATED. THERE IS A HUMAN RESOURCES COMMITTEE, ACCORDING TO THE FOUNDATION'S BYLAWS, WHICH REPORTS TO THE FOUNDATION BOARD AND IT'S RESPONSIBLE FOR HUMAN RESOURCES AND PERSONNEL ISSUES. ACCORDING TO THEIR DELEGATION OF AUTHORITY, THE HUMAN RESOURCES COMMITTEE DETERMINE SALARY FOR STAFF. COMPENSATION IS DETERMINED BASED ON REVIEW OF SALARIES FOR SIMILAR POSITIONS IN OTHER CHARITIES AND ALL DECISIONS ARE DOCUMENTED THROUGH COMMITTEE MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation7ALL REQUESTS FOR INFORMATION ARE SHARED WITH THE FOUNDATION PRESIDENT, WHO ENSURES ALL RESPONSES ARE PROVIDED.
IRS990ScheduleO/GeneralExplanation/Explanation8THE OTHER CHANGE IN NET ASSETS OR FUND BALANCE IS DUE TO THE UNREALIZED LOSS OF -23,589
IRS990ScheduleO/GeneralExplanation/Identifier0CLASSES OF MEMBERS OR STOCKHOLDERS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,026,323
Liabilities
$37,144
Net assets
$1,989,179
Revenue
-
Expenses
$391,840
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.60$0.17$4.43$0.92$0.82$0.10
2024Detailed filing. Detailed filing data is available for this year.$4.31$0.16$4.15$0.66$0.65$0.02
2023Detailed filing. Detailed filing data is available for this year.$4.00$0.19$3.81$0.53$0.50$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.68$0.20$3.47$0.56$0.48$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.16$0.17$3.99$0.66$0.57$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.38$0.04$3.34$0.88$0.65$0.23
2019Detailed filing. Detailed filing data is available for this year.$3.04$0.05$2.98$0.41$0.32$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.82$0.04$2.78$0.58$0.48$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.72$0.10$2.62$0.58$0.59$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.64$0.05$2.59$0.60$0.56$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.66$0.08$2.58$0.72$0.57$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.55$0.08$2.47$0.76$0.58$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.08$2.19$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.04$1.99$0.39
2011Summary only. Only limited summary data is available for this year.$1.93$0.03$1.90$0.62$0.38$0.24