Civic Intelligence

Mhc Academic Foundation

990 • Fiscal year 2018 • EIN 20-8407010

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 16, 2018

Organization Profilencfmhc.org
134 East Church StreetMartinsville, VA 24114

(276) 403-4445

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

3rd percentile

-91%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

18th percentile

$82,740

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

18th percentile

-5.9%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-52%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$19,887,328

Down $1,238,770 (-5.9%) from 2017

Net Assets

Down

$19,868,335

Down $653,330 (-3.2%) from 2017

Liabilities

Down

$18,993

Down $585,440 (-97%) from 2017

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin3rd percentile

Revenue

Down

$844,189

Down $904,422 (-52%) from 2017

Expenses

Down

$1,615,178

Down $729,208 (-31%) from 2017

Net Income

Down

-$770,989

Down $175,214 (-29%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$30M$20M$10M$0Assets 2011: $2,331,363Liabilities 2011: $86,299Net Assets 2011: $2,245,0642011Assets 2012: $2,558,130Liabilities 2012: $2,166Net Assets 2012: $2,555,9642012Assets 2013: $14,870,657Liabilities 2013: $736,223Net Assets 2013: $14,134,4342013Assets 2014: $22,978,040Liabilities 2014: $1,350,525Net Assets 2014: $21,627,5152014Assets 2015: $22,383,895Liabilities 2015: $787,871Net Assets 2015: $21,596,0242015Assets 2016: $21,729,046Liabilities 2016: $800,137Net Assets 2016: $20,928,9092016Assets 2017: $21,126,098Liabilities 2017: $604,433Net Assets 2017: $20,521,6652017Assets 2018: $19,887,328Liabilities 2018: $18,993Net Assets 2018: $19,868,3352018Assets 2019: $19,344,867Liabilities 2019: $36,583Net Assets 2019: $19,308,2842019Assets 2020: $18,524,191Liabilities 2020: $82,066Net Assets 2020: $18,442,1252020Assets 2021: $13,547,909Liabilities 2021: $3,411Net Assets 2021: $13,544,4982021Assets 2022: $12,178,988Liabilities 2022: $6,309Net Assets 2022: $12,172,6792022Assets 2023: $13,028,839Liabilities 2023: $43,506Net Assets 2023: $12,985,3332023Assets 2024: $14,498,458Liabilities 2024: $7,154Net Assets 2024: $14,491,3042024Assets 2025: $16,118,675Liabilities 2025: $2,061Net Assets 2025: $16,116,6142025

Highlighted filing

2018

Assets$19,887,328
Liabilities$18,993
Net Assets$19,868,335
Open 2018 Filing

Operations Trend

Revenue Growth4th percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2011: $1,119,8022011Expenses 2012: $1,353,9062012Expenses 2013: $2,193,1882013Revenue 2014: $9,350,154Expenses 2014: $1,978,026Net Income 2014: $7,372,1282014Revenue 2015: $3,444,931Expenses 2015: $3,507,428Net Income 2015: -$62,4972015Revenue 2016: $2,109,957Expenses 2016: $2,801,837Net Income 2016: -$691,8802016Revenue 2017: $1,748,611Expenses 2017: $2,344,386Net Income 2017: -$595,7752017Revenue 2018: $844,189Expenses 2018: $1,615,178Net Income 2018: -$770,9892018Revenue 2019: $713,871Expenses 2019: $1,416,855Net Income 2019: -$702,9842019Revenue 2020: $668,271Expenses 2020: $1,297,082Net Income 2020: -$628,8112020Revenue 2021: -$5,080,920Expenses 2021: $1,222,019Net Income 2021: -$6,302,9392021Revenue 2022: $1,115,149Expenses 2022: $483,835Net Income 2022: $631,3142022Revenue 2023: $669,738Expenses 2023: $320,979Net Income 2023: $348,7592023Revenue 2024: $763,302Expenses 2024: $283,883Net Income 2024: $479,4192024Revenue 2025: $1,196,414Expenses 2025: $295,020Net Income 2025: $901,3942025

Highlighted filing

2018

Revenue$844,189
Expenses$1,615,178
Net Income-$770,989
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 16, 2018
Return Version
2017v2.2
Gross Receipts
$844,189
Mission and Program Overview

Mission

To provide financial and other support to new college institute, a virginia public body constituted by statute as a governmental instrumentality for the dissemination of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,276,293$15,497,544▼ $778,749
Investments in Publicly Traded Securities$1,822,295$3,273,907▲ $1,451,612
Cash and Non-Interest-Bearing Accounts$2,740,056$1,100,599▼ $1,639,457
Prepaid Expenses and Deferred Charges$43,935$10,958▼ $32,977
Accounts Receivable$5,158$3,125▼ $2,033
Pledges and Grants Receivable$237,265$99▼ $237,166
Savings and Temporary Cash Investments-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$21,126,098$19,887,328▼ $1,238,770
Other Assets Total$1,096$1,096→ $0
Liabilities
Other Liabilities$55,602--
Accounts Payable and Accrued Expenses$427,671$12,693▼ $414,978
Deferred Revenue$121,160$6,300▼ $114,860
Total Liabilities$604,433$18,993▼ $585,440
Net Assets / Fund Balance
Unrestricted Net Assets$18,718,928$18,078,026▼ $640,902
Temporarily Rstr Net Assets$1,243,169$1,220,989▼ $22,180
Permanently Rstr Net Assets$559,568$569,320▲ $9,752
Total Net Assets Fund Balance$20,521,665$19,868,335▼ $653,330
Total Liabilities and Net Assets / Fund Balance$21,126,098$19,887,328▼ $1,238,770

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,438,716$1,575,925$15,014,641
Other Land Buildings$1,512,928$2,286,308$3,799,236
Land$545,900-$545,900

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,253,198$60,881▲ $117,723-$1,388,302
2016$1,097,976$9,748▲ $160,771-$1,253,198
2015$1,085,809$10,000▲ $46,167-$1,097,976
2014$1,039,053$10,000▲ $51,691-$1,085,809
2013$919,496$17,100▲ $131,457-$1,039,053
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah KaufmanExecutive DirectorFT$62,500$20,240$82,740

Board Members and Trustees

NameTitle
Patrice NewnamChairman
Kimble Reynolds JrPast Chair
Sandy StrayerVice Chair
Dr James RoundtreeBoard Member
Simone ReddBoard Member
Steve MartinBoard Member
Suzanne LacyBoard Member
Leanna BlevinsEx-official
Mark HeathSecretary
Darrell JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$217,002
Program Service Revenue
$0
Investment Income
$44,411
Other Revenue
$582,776
All Other Contributions
$217,002
Change in Net Assets
$-770,989

Audited Revenue Reconciliation

Revenue per Audited Statements
$844,189
Revenue Not Reported on Form 990
$117,659
Total Revenue per Audited Statements
$961,848
Total Revenue per Form 990
$844,189
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,330,840
Salaries, Compensation, and Employee Benefits$231,838
Grants and Similar Amounts Paid$52,500
Total Fundraising Expense$23,263
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$739,812$38,937-$778,749
Other Salaries and Wages$81,047$31,172$12,469$124,688
Current Officers, Directors, Trustees, and Key Employees$53,781$20,685$8,274$82,740
Grants to Domestic Individuals$52,500--$52,500
Other Expenses$49,901$3,819-$49,901
Fees for Services Accounting$12,420$28,980-$41,400
Insurance$22,931$5,733-$28,664
Fees for Services Legal$7,611$17,758-$25,369
All Other Expenses$13,519$3,237$79$16,835
Payroll Taxes$10,180$3,916$1,566$15,662
Occupancy$3,089$9,265-$12,354
Other Employee Benefits$3,640$1,400$560$5,600
Pension Plan Contributions$2,046$787$315$3,148
Office Expenses$2,281$570-$2,851
Advertising$917$162-$1,079
Fees for Services Other$223$518-$741
Total Functional Expenses$1,409,017$182,898$23,263$1,615,178

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,615,178
Total Expenses per Audited Statements$1,615,178
Total Expenses per Form 990$1,615,178
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
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Line 4: Description of Significant Changes to Organizational Documents

“The articles of incorporation and the bylaws were amended.”

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

“Reviewed internally by staff. Then reviewed by Audit Committee and presented to the Board for review.”

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

“Review of salaries for similar positions and educational levels are approved by the board.”

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

“Officers do not receive compensation. No employees earn more than $100,000.”

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

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
New College Foundation
EIN
20-8407010
Phone
2764034445
Address
134 EAST CHURCH STREET, MARTINSVILLE, VA 24114

Signing Officer

Name
Deborah Kaufman
Title
Executive Director
Signed
2018-10-16
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
10
Employees
7

Preparer

Firm
Foti Flynn Lowen & Co PC
Address
PO Box 12765, Roanoke, VA 24028-2765
Preparer
Bradley J Davis CPA
Phone
5403449246
Raw XML AppendixShowing 400 of 530 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/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO PROVIDE FINANCIAL AND OTHER SUPPORT TO NEW COLLEGE INSTITUTE, A VIRGINIA PUBLIC BODY CONSTITUTED BY STATUTE AS A GOVERNMENTAL INSTRUMENTALITY FOR THE DISSEMINATION OF EDUCATION.
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0197861
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0384915
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0582776
IRS990/NetUnrlzdGainsLossesInvstAmt0117659
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IRS990/OccupancyGrp/ManagementAndGeneralAmt09265
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IRS990/OccupancyGrp/TotalAmt012354
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IRS990/OfficeExpensesGrp/ProgramServicesAmt02281
IRS990/OfficeExpensesGrp/TotalAmt02851
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01096
IRS990/OtherAssetsTotalGrp/EOYAmt01096
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0560
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01400
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03640
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05600
IRS990/OtherExpensesGrp/Desc0Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc1Education & Outreach
IRS990/OtherExpensesGrp/Desc2TELEPHONE AND UTILITIES
IRS990/OtherExpensesGrp/Desc3Uncollectible Pledges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015959
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13819
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IRS990/OtherExpensesGrp/ProgramServicesAmt1136931
IRS990/OtherExpensesGrp/ProgramServicesAmt272559
IRS990/OtherExpensesGrp/ProgramServicesAmt349901
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IRS990/OtherExpensesGrp/TotalAmt1136931
IRS990/OtherExpensesGrp/TotalAmt276378
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt081047
IRS990/OtherSalariesAndWagesGrp/TotalAmt0124688
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01566
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03916
IRS990/PayrollTaxesGrp/ProgramServicesAmt010180
IRS990/PayrollTaxesGrp/TotalAmt015662
IRS990/PensionPlanContributionsGrp/FundraisingAmt0315
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0787
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02046
IRS990/PensionPlanContributionsGrp/TotalAmt03148
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt099
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043935
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010958
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01108319
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt028148
IRS990/PYInvestmentIncomeAmt038940
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02061811
IRS990/PYOtherRevenueAmt0601352
IRS990/PYRevenuesLessExpensesAmt0-595775
IRS990/PYSalariesCompEmpBnftPaidAmt0254427
IRS990/PYTotalExpensesAmt02344386
IRS990/PYTotalRevenueAmt01748611
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-770989
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0582776
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0384915
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01482648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02848085
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt09303896
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0219798
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0188447
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt086258
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01605915
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt01220
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01482648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02848085
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt09303896
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014959950
IRS990ScheduleA/TotalSupportAmt015541216
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.27000
IRS990ScheduleD/BuildingsGrp/BookValueAmt013438716
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01575925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015014641
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01253198
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt060881
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01388302
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt043500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0117723
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt011149
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01097976
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt09748

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,887,328
Liabilities
$18,993
Net assets
$19,868,335
Revenue
$844,189
Expenses
$1,615,178
Net income
-$770,989
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.1$0.00$16.1$1.20$0.30$0.90
2024Detailed filing. Detailed filing data is available for this year.$14.5$0.01$14.5$0.76$0.28$0.48
2023Detailed filing. Detailed filing data is available for this year.$13.0$0.04$13.0$0.67$0.32$0.35
2022Detailed filing. Detailed filing data is available for this year.$12.2$0.01$12.2$1.12$0.48$0.63
2021Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$5.08$1.22$6.30
2020Detailed filing. Detailed filing data is available for this year.$18.5$0.08$18.4$0.67$1.30$0.63
2019Detailed filing. Detailed filing data is available for this year.$19.3$0.04$19.3$0.71$1.42$0.70
2018Detailed filing. Detailed filing data is available for this year.$19.9$0.02$19.9$0.84$1.62$0.77
2017Detailed filing. Detailed filing data is available for this year.$21.1$0.60$20.5$1.75$2.34$0.60
2016Detailed filing. Detailed filing data is available for this year.$21.7$0.80$20.9$2.11$2.80$0.69
2015Detailed filing. Detailed filing data is available for this year.$22.4$0.79$21.6$3.44$3.51$0.06
2014Detailed filing. Detailed filing data is available for this year.$23.0$1.35$21.6$9.35$1.98$7.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$0.74$14.1$2.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.00$2.56$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.09$2.25$1.12
Peer Organizations

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