Civic Intelligence

Stevens Cooperative School

990 • Fiscal year 2016 • EIN 22-2209099

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

301 Garden StreetHoboken, NJ 07030

(201) 792-3688

Siviq Scores

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

Liabilities / Assets

74th percentile

0.53x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

0.65x

Higher debt load relative to revenue than 72% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

60th percentile

5.1%

Higher net margin than 60% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

70th percentile

$244,125

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

70th percentile

7.7%

Faster asset growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

5.2%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$12,293,945

Up $876,925 (+7.7%) from 2015

Net Assets

Up

$5,748,014

Up $595,474 (+12%) from 2015

Liabilities

Up

$6,545,931

Up $281,451 (+4.5%) from 2015

Revenue

Up

$10,115,068

Up $498,031 (+5.2%) from 2015

Expenses

Up

$9,601,037

Up $713,581 (+8.0%) from 2015

Net Income

Down

$514,031

Down $215,550 (-30%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,997,711Liabilities 2010: $3,662,671Net Assets 2010: $2,335,0402010Assets 2011: $6,936,952Liabilities 2011: $4,371,488Net Assets 2011: $2,565,4642011Assets 2012: $8,083,716Liabilities 2012: $5,147,996Net Assets 2012: $2,935,7202012Assets 2013: $9,331,480Liabilities 2013: $5,855,193Net Assets 2013: $3,476,2872013Assets 2014: $10,323,946Liabilities 2014: $5,935,442Net Assets 2014: $4,388,5042014Assets 2015: $11,417,020Liabilities 2015: $6,264,480Net Assets 2015: $5,152,5402015Assets 2016: $12,293,945Liabilities 2016: $6,545,931Net Assets 2016: $5,748,0142016Assets 2017: $13,915,498Liabilities 2017: $7,171,171Net Assets 2017: $6,744,3272017Assets 2018: $14,540,857Liabilities 2018: $6,814,283Net Assets 2018: $7,726,5742018Assets 2019: $15,686,682Liabilities 2019: $6,974,982Net Assets 2019: $8,711,7002019Assets 2020: $16,529,169Liabilities 2020: $7,088,665Net Assets 2020: $9,440,5042020Assets 2021: $18,973,350Liabilities 2021: $7,895,923Net Assets 2021: $11,077,4272021Assets 2022: $18,821,073Liabilities 2022: $6,993,542Net Assets 2022: $11,827,5312022Assets 2023: $27,284,032Liabilities 2023: $15,129,581Net Assets 2023: $12,154,4512023

Highlighted filing

2016

Assets$12,293,945
Liabilities$6,545,931
Net Assets$5,748,014

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,581,3592010Expenses 2011: $6,336,9472011Revenue 2012: $7,145,550Expenses 2012: $6,833,722Net Income 2012: $311,8282012Expenses 2013: $7,599,2582013Revenue 2014: $9,027,372Expenses 2014: $8,275,578Net Income 2014: $751,7942014Revenue 2015: $9,617,037Expenses 2015: $8,887,456Net Income 2015: $729,5812015Revenue 2016: $10,115,068Expenses 2016: $9,601,037Net Income 2016: $514,0312016Revenue 2017: $10,973,088Expenses 2017: $10,218,733Net Income 2017: $754,3552017Revenue 2018: $11,765,693Expenses 2018: $10,990,091Net Income 2018: $775,6022018Revenue 2019: $12,308,781Expenses 2019: $11,594,874Net Income 2019: $713,9072019Revenue 2020: $13,113,642Expenses 2020: $12,542,084Net Income 2020: $571,5582020Revenue 2021: $14,070,823Expenses 2021: $13,407,238Net Income 2021: $663,5852021Revenue 2022: $15,080,781Expenses 2022: $13,600,356Net Income 2022: $1,480,4252022Revenue 2023: $15,302,877Expenses 2023: $15,468,109Net Income 2023: -$165,2322023

Highlighted filing

2016

Revenue$10,115,068
Expenses$9,601,037
Net Income$514,031
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$10,320,700
Mission and Program Overview

Mission

We imagine a world with well-informed, engaged citizens who are motivated to make a difference. In partnership with our diverse faculty, staff, families and the greater community, stevens cooperative school students explore, question and communicate in ways that will inspire and shape the future.

Founded in 1949, stevens is a thriving progressive co-educational day school for two year olds through the 8th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,095,898$6,052,485▲ $4,956,587
Investments in Publicly Traded Securities$2,929,750$3,357,250▲ $427,500
Land, Buildings, and Equipment, Net$2,577,399$2,404,681▼ $172,718
Accounts Receivable$96,978$160,783▲ $63,805
Cash and Non-Interest-Bearing Accounts$4,487,046$153,777▼ $4,333,269
Prepaid Expenses and Deferred Charges$171,498$109,991▼ $61,507
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,417,020$12,293,945▲ $876,925
Other Assets Total$58,451$54,978▼ $3,473
Liabilities
Deferred Revenue$4,938,241$5,247,275▲ $309,034
Accounts Payable and Accrued Expenses$851,973$856,620▲ $4,647
Mortgage Notes Payable Secured by Investment Property$474,266$442,036▼ $32,230
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,264,480$6,545,931▲ $281,451
Net Assets / Fund Balance
Unrestricted Net Assets$5,060,313$5,648,410▲ $588,097
Temporarily Rstr Net Assets$92,227$99,604▲ $7,377
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$5,152,540$5,748,014▲ $595,474
Total Liabilities and Net Assets / Fund Balance$11,417,020$12,293,945▲ $876,925

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,004,834$1,019,996$2,024,830
Buildings$639,792$337,054$976,846
Land$545,000-$545,000
Equipment$103,061$408,329$511,390
Other Land Buildings$111,994$175,711$287,706
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sergio AlatiHead of SchoolFT$232,500$11,625$244,125
Kristen RugelChief Financial OfficerFT$112,569$15,044$127,613
Nancy RossiDirector of AdmissionsFT$105,482$11,030$116,512
Joshua MarksPrincipalFT$109,022$3,748$112,770

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$391,265
Program Service Revenue
$9,639,791
Investment Income
$-4,776
Other Revenue
$88,788
All Other Contributions
$326,365
Change in Net Assets
$514,031

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table323$61,680Market Value
Securities Publicly Traded4$11,923Market Value
Total Noncash Contributions327$73,603-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,217,301
Revenue Not Reported on Financial Statements
$-102,233
Revenue Not Reported on Form 990
$-513,354
Other Revenue Adjustments
$-102,233
Total Revenue per Audited Statements
$9,703,947
Total Revenue per Form 990
$10,115,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,779,089
Other Expenses$3,217,064
Grants and Similar Amounts Paid$604,884
Total Fundraising Expense$90,300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,749,821$1,080,097$78,567$4,908,485
Occupancy$951,488$213,090-$1,164,578
Insurance$621,076$132,867$6,374$760,317
Grants to Domestic Individuals$604,884--$604,884
Payroll Taxes$360,891$85,712-$446,603
Depreciation Depletion$250,618$27,846-$278,464
Current Officers, Directors, Trustees, and Key Employees$125,813$125,812-$251,625
Other Employee Benefits$155,441$12,424$4,511$172,376
All Other Expenses$83,084$27,891$848$111,823
Other Expenses$95,702$14,867-$95,702
Office Expenses$46,576$41,656-$88,232
Information Technology$79,909--$79,909
Fees for Services Other$31,520$40,698-$72,218
Fees for Services Accounting-$46,150-$46,150
Advertising$37,858--$37,858
Fees for Services Legal$6,545$26,179-$32,724
Interest$12,375$4,125-$16,500
Total Functional Expenses$7,631,323$1,879,414$90,300$9,601,037

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,601,037
Total Expenses per Audited Statements$9,108,473
Expenses per Audited Statements$8,996,153
Expenses Not Reported on Financial Statements$604,884
Other Expense Adjustments$604,884
Expenses Not Reported on Form 990$112,320
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$193,433
Fundraising Direct Expenses$133,607
Gaming Gross Income$33,850
Gaming Direct Expenses$17,838
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$209,201$144,301$8,194$136,107
Harvestfestival$10,600$10,600$1,730$8,870
Total Events$258,333$193,433$133,607$59,826
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 11:

A review is conducted by the trustees before filing.

FORM 990, PART VI, SECTION B, LINE 12C:

The board of trustees reviews the conflict of interest policy annually and each trustee completes the conflict of interest disclosure form each year he/she serves on the board.

FORM 990, PART VI, SECTION B, LINE 15:

The head of the school's salary is determined by the full board of trustees, based on recommendations from the chair and treasurer. They use statistical and comparative information from state and regional organizations of independent schools. Same information and comparison data is used for key administrators, but this determination is made by the head of the school and treasurer. Trustees are only involved with the head of the school's compensation as the head of the school is the only employee on the board.

FORM 990, PART VI, SECTION C, LINE 19:

Documents are available upon written request to the business office.

Form 990, Part VII, Section A

Gabriella hughes, a nonvoting board member, is a full time teacher working 40 hours a week in addition to her 2 hours per week serving as the faculty representative.

Form 990, Part VI, Line 7

Every parent is a member of the cooperative and each spring the parents attend a membership meeting and vote on the board members

Filing and Contact Details

Filer

Filer Name
Stevens Cooperative School
EIN
22-2209099
In Care Of
% KRISTEN RUGEL
Phone
2017923688
Address
301 GARDEN STREET, HOBOKEN, NJ 07030

Signing Officer

Name
Kristen Rugel
Title
CFO
Phone
2017923688
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Rugel
Formed
1949
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
173

Preparer

Firm
Eisneramper Llp
Address
111 WOOD AVE SO STE 600, ISELIN, NJ 08830-2700
Preparer
Michael Somer
Phone
7322437000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight and selection process has not changed from the prior tax year.

Financial Statement Notes

Part XI Line 2D:

Financial aid expense shown net of revenue on the financial statements -604,884

Part XII Line 2D:

Special events shown gross on the financial statements 102,233

Part XI Line 4B:

Special events shown gross on the financial statements -102,233

Part XII Line 4B:

Financial aid expense shown net of revenue on the financial statements 604,884

PART X, LINE 2:

Management has analyzed the tax positions taken by the school and has concluded that as of june 30, 2016 and 2015, there are no uncertain tax positions taken or expected to be taken that would require the recognition of a liability or disclosure in the financial statements. The school recognizes accrued interest and penalties associated with uncertain tax provisions, if any. There were no income tax-related interest and penalties recorded for the years ended june 30, 2016 and 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16FACULTY REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt17trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF ADMISSIONS
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01949
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt064900
IRS990/FundraisingDirectExpensesAmt0133607
IRS990/FundraisingGrossIncomeAmt0193433
IRS990/GainOrLossGrp/OtherAmt0-54187
IRS990/GamingActivitiesInd0true
IRS990/GamingDirectExpensesAmt017838
IRS990/GamingGrossIncomeAmt033850
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt0604884
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0604884
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0604884
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt010320700
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXInd0X
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IRS990/InsuranceGrp/FundraisingAmt06374
IRS990/InsuranceGrp/ManagementAndGeneralAmt0132867
IRS990/InsuranceGrp/ProgramServicesAmt0621076
IRS990/InsuranceGrp/TotalAmt0760317
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt04125
IRS990/InterestGrp/ProgramServicesAmt012375
IRS990/InterestGrp/TotalAmt016500
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt049411
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt049411
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/LandBldgEquipCostOrOtherBssAmt04345772
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WE IMAGINE A WORLD WITH WELL-INFORMED, ENGAGED CITIZENS WHO ARE MOTIVATED TO MAKE A DIFFERENCE. IN PARTNERSHIP WITH OUR DIVERSE FACULTY, STAFF, FAMILIES AND THE GREATER COMMUNITY, STEVENS COOPERATIVE SCHOOL STUDENTS EXPLORE, QUESTION AND COMMUNICATE IN WAYS THAT WILL INSPIRE AND SHAPE THE FUTURE.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0442036
IRS990/NetAssetsOrFundBalancesBOYAmt05152540
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-54187
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt059826
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt059826
IRS990/NetIncomeFromGamingGrp/ExclusionAmt016012
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt016012
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/TotalAmt088232
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04511
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0172376
IRS990/OtherExpensesGrp/Desc0CURRICULUM SUPPLIES
IRS990/OtherExpensesGrp/Desc1SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc2CAMP EXPENSES
IRS990/OtherExpensesGrp/Desc3ACTIVITIES EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt0253742
IRS990/OtherExpensesGrp/ProgramServicesAmt114867
IRS990/OtherExpensesGrp/ProgramServicesAmt2149113
IRS990/OtherExpensesGrp/ProgramServicesAmt395702
IRS990/OtherExpensesGrp/TotalAmt0253742

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$27.3$15.1$12.2$15.3$15.5$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$6.99$11.8$15.1$13.6$1.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$7.90$11.1$14.1$13.4$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$7.09$9.44$13.1$12.5$0.57
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$6.97$8.71$12.3$11.6$0.71
2018Summary only. Only limited summary data is available for this year.$14.5$6.81$7.73$11.8$11.0$0.78
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$7.17$6.74$11.0$10.2$0.75
2016Detailed filing. Detailed filing data is available for this year.$12.3$6.55$5.75$10.1$9.60$0.51
2015Detailed filing. Detailed filing data is available for this year.$11.4$6.26$5.15$9.62$8.89$0.73
2014Detailed filing. Detailed filing data is available for this year.$10.3$5.94$4.39$9.03$8.28$0.75
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.33$5.86$3.48$7.60
2012Summary only. Only limited summary data is available for this year.$8.08$5.15$2.94$7.15$6.83$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$4.37$2.57$6.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.00$3.66$2.34$5.58