Civic Intelligence

Pencil Inc.

990 • Fiscal year 2020 • EIN 22-3384302

Jan 01, 2020 to Dec 31, 2020 • Filed on May 07, 2021

30 West 26th Street 5th FloorNew York, NY 10010

(212) 524-2386

Siviq Scores

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

Liabilities / Assets

90th percentile

0.05x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.04x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Net Margin

45th percentile

-4.3%

Higher net margin than 45% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

98th percentile

$253,602

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Asset Growth

39th percentile

-1.9%

Faster asset growth than 39% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-0.1%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,185,642

Down $42,569 (-1.9%) from 2019

Net Assets

Down

$2,083,937

Down $111,700 (-5.1%) from 2019

Liabilities

Up

$101,705

Up $69,131 (+212%) from 2019

Revenue

Down

$2,831,812

Down $1,814 (-0.1%) from 2019

Expenses

Down

$2,954,670

Down $11,020 (-0.4%) from 2019

Net Income

Up

-$122,858

Up $9,206 (+7.0%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,020,063Liabilities 2011: $324,986Net Assets 2011: $4,695,0772011Assets 2012: $5,271,869Liabilities 2012: $322,796Net Assets 2012: $4,949,0732012Assets 2013: $5,347,896Liabilities 2013: $311,737Net Assets 2013: $5,036,1592013Assets 2014: $3,419,350Liabilities 2014: $385,252Net Assets 2014: $3,034,0982014Assets 2015: $3,140,864Liabilities 2015: $368,189Net Assets 2015: $2,772,6752015Assets 2016: $2,659,473Liabilities 2016: $163,111Net Assets 2016: $2,496,3622016Assets 2017: $2,174,044Liabilities 2017: $71,028Net Assets 2017: $2,103,0162017Assets 2018: $2,323,981Liabilities 2018: $22,914Net Assets 2018: $2,301,0672018Assets 2019: $2,228,211Liabilities 2019: $32,574Net Assets 2019: $2,195,6372019Assets 2020: $2,185,642Liabilities 2020: $101,705Net Assets 2020: $2,083,9372020Assets 2021: $2,403,327Liabilities 2021: $43,246Net Assets 2021: $2,360,0812021Assets 2022: $2,677,959Liabilities 2022: $252,389Net Assets 2022: $2,425,5702022Assets 2023: $3,077,906Liabilities 2023: $576,867Net Assets 2023: $2,501,0392023Assets 2024: $2,096,911Liabilities 2024: $313,850Net Assets 2024: $1,783,0612024

Highlighted filing

2020

Assets$2,185,642
Liabilities$101,705
Net Assets$2,083,937

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,681,752Expenses 2011: $2,842,857Net Income 2011: -$161,1052011Revenue 2012: $3,732,081Expenses 2012: $3,491,408Net Income 2012: $240,6732012Expenses 2013: $3,620,1262013Revenue 2014: $2,500,789Expenses 2014: $4,058,956Net Income 2014: -$1,558,1672014Revenue 2015: $3,655,612Expenses 2015: $3,911,014Net Income 2015: -$255,4022015Revenue 2016: $2,846,068Expenses 2016: $3,126,886Net Income 2016: -$280,8182016Revenue 2017: $2,856,508Expenses 2017: $2,883,792Net Income 2017: -$27,2842017Revenue 2018: $3,056,007Expenses 2018: $2,845,181Net Income 2018: $210,8262018Revenue 2019: $2,833,626Expenses 2019: $2,965,690Net Income 2019: -$132,0642019Revenue 2020: $2,831,812Expenses 2020: $2,954,670Net Income 2020: -$122,8582020Revenue 2021: $3,055,640Expenses 2021: $2,725,067Net Income 2021: $330,5732021Revenue 2022: $3,104,926Expenses 2022: $3,012,979Net Income 2022: $91,9472022Revenue 2023: $3,506,640Expenses 2023: $3,433,722Net Income 2023: $72,9182023Revenue 2024: $2,636,899Expenses 2024: $3,354,872Net Income 2024: -$717,9732024

Highlighted filing

2020

Revenue$2,831,812
Expenses$2,954,670
Net Income-$122,858
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.0
Gross Receipts
$3,293,370
Mission and Program Overview

Mission

New York City schools are filled with students who have potential and ambition to go far and we envision a city filled with students whose opportunities match their ambitions. Since 1995, weve played a critical role in bringing together business professionals, educators, and students to open eyes, open minds, and open doors. By doing so, we connect students to success.

Since 1995, weve played a critical role in bringing together business professionals, educators, and students to open eyes, open minds, and open doors. By doing so, we connect students to success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,439,187$1,392,003▼ $47,184
Cash and Non-Interest-Bearing Accounts$345,312$509,667▲ $164,355
Pledges and Grants Receivable$386,666$225,634▼ $161,032
Land, Buildings, and Equipment, Net$14,379$15,671▲ $1,292
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,228,211$2,185,642▼ $42,569
Other Assets Total$42,667$42,667→ $0
Liabilities
Accounts Payable and Accrued Expenses$17,134$44,624▲ $27,490
Deferred Revenue-$37,800-
Other Liabilities$15,440$19,281▲ $3,841
Total Liabilities$32,574$101,705▲ $69,131
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,777,237$1,652,937▼ $124,300
Net Assets With Donor Restrictions$418,400$431,000▲ $12,600
Total Net Assets Fund Balance$2,195,637$2,083,937▼ $111,700
Total Liabilities and Net Assets / Fund Balance$2,228,211$2,185,642▼ $42,569

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,669$65,837-
Leasehold Improvements$2$591,667-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregg BetheilPresidentFT$220,734$32,868$253,602
Jessica BynoeChief Strat OffFT$178,325$13,703$192,028
Marilyn FogartyVP of Fin&AdminFT$134,950$3,001$137,951
Katje KingSr. Program Off.FT$115,230$12,459$127,689
Revenue and Support

Revenue Composition

Contributions and Grants
$2,818,662
Program Service Revenue
$0
Investment Income
$13,150
Other Revenue
$0
All Other Contributions
$2,193,215
Change in Net Assets
$-122,858

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,831,812
Revenue Not Reported on Form 990
$226,435
Total Revenue per Audited Statements
$3,058,247
Total Revenue per Form 990
$2,831,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,363,242
Other Expenses$591,428
Total Fundraising Expense$517,133
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,225,294$82,989$228,982$1,537,265
Current Officers, Directors, Trustees, and Key Employees$168,827$111,996$117,145$397,968
Occupancy$274,121$38,376$68,123$380,620
Other Employee Benefits$207,117$27,514$48,842$283,473
Payroll Taxes$105,604$14,029$24,903$144,536
Information Technology$59,033$8,264$14,671$81,968
Insurance$18,818$2,634$4,677$26,129
Fees for Services Other$6$19,003-$19,009
Travel$9,847$400$759$11,006
Depreciation Depletion$6,922$969$1,720$9,611
All Other Expenses$2,109$869$438$3,416
Other Expenses$18,404$6,315$2,299$2,299
Total Functional Expenses$2,096,102$341,435$517,133$2,954,670

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,169,947
Expenses per Audited Statements$2,954,670
Total Expenses per Form 990$2,954,670
Expenses Not Reported on Form 990$215,277
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$19,281
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 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
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, Line 11B: Form 990 Review Process

Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.

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

Each year, the Executive Committee reviews comparable salaries based on a recognized study and reviews the performance of the President to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the Board of Directors reflect the nature of this process.

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

Each year, the Leadership Team reviews comparable salaries based on a recognized study and reviews the performance of employees to determine if salaries fall within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is included in the annual budget and reviewed by the Audit & Finance Committee. The minutes of the Board of Directors reflect the nature of this process.

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

Organizational documents are made available on the Pencil website.

Filing and Contact Details

Filer

Filer Name
Pencil Inc
EIN
22-3384302
Phone
2125242386
Address
30 West 26th Street 5th Floor, New York, NY 10010

Signing Officer

Name
Gregg Betheil
Title
President
Signed
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Betheil
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
97
Volunteers
1,900

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Pencil does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending December 31, 2017 and later are subject to examination by applicable taxing authorities.

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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/Desc0In 2020, PENCIL connected over 4,000 NYC students to almost 1,900 volunteers and mentors from 142 business. Due to the devastating consequences of the COVID-19 pandemic, PENCIL pivoted to virtual programming in April and provided programming to over 1,750 students with the support of 900 volunteers from 140 businesses. PENCILs Partnership Program served 1,609 students across 43 New York City public schools by leveraging the talents and resources of NYCs business community to improve students college and career readiness. These partnerships were supported by 597 volunteers from 34 companies. Analysis of year end surveys showed the following impact of PENCIL Partnership activities:90% of surveyed students feel more confident introducing themselves in a professional setting91% felt more confident they could successfully interview for a job96% agreed that working with mentors helped them better understand the options they have after they graduate PENCIL served an additional 898 through 17 Point of Engagement events. These single day events connected students to 257 volunteers through college and career readiness workshops, tailored to highlight unique elements of a company and/or industry.92% of surveyed students agreed PENCIL helped them develop the skills essential for their growth and success89% agreed PENCIL connected them to opportunities and experiences they didnt know about before82% agreed PENCIL connected them with professionals whom they would not have met otherwiseWith the support of 198 volunteers from 32 businesses, PENCIL served over 198 volunteers through Open-Source Sessions. Open to all students from our partner schools, these 28 virtual sessions filled a gap in instruction during New York Citys transition to distance learning and provided access to corporate volunteers that teachers could not achieve alone. 97% of surveyed students agreed that the session helped them think about future aspirations95% agreed that the session provided them with a sense of belongingPrincipal For A Day, typically hosted as an in-person program in April, was transformed into a series of three webinars. These events created space for school principals and business executives to learn from one another and reflect on the impact of the pandemic, virtual work and learning, and the increased attention to injustice and systemic racism. Over 100 executives and 40 principals participated in these sessions.Across our programs, PENCIL enhanced its commitment to bring equity of opportunity to the young people of New York City, and one of the direct impact outcomes is reflected in an increased percentage of Black students served in 2020, from 27% to 34%. Over the Summer, PENCIL placed 342 students in paid work-based experiences and internships. PENCIL placed 85 students in six-week remote internships at 80 businesses across New York City. PENCIL provided 257 students with virtual paid work-based experiences through three new programs (Career Explorers, SYEP Summer Bridge, and New Visions partnership). An additional 738 students also received college and career training through PENCIL's programs. Overall, 620 volunteers from 140 companies participated in 95 virtual events to connect students to success.Of the 2020 summer cohort, 82% of students saw improvement in one or more of Pencils Keys to Success. In total, participants received over $350,000 in wages. Business mentors and student interns also report that the Internship program had a positive impact on participants communication skills, networking skills, professional skills, and their career awareness and planning.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Gregg Betheil
IRS990/Form990PartVIISectionAGrp/PersonNm1Jessica Bynoe
IRS990/Form990PartVIISectionAGrp/PersonNm2Marilyn Fogarty
IRS990/Form990PartVIISectionAGrp/PersonNm3Katje King
IRS990/Form990PartVIISectionAGrp/PersonNm4Christopher B Hayward
IRS990/Form990PartVIISectionAGrp/PersonNm5Susan Cosgrove
IRS990/Form990PartVIISectionAGrp/PersonNm6Lewis Warren Jr
IRS990/Form990PartVIISectionAGrp/PersonNm7Abbe Raven
IRS990/Form990PartVIISectionAGrp/PersonNm8E Scott Beattie
IRS990/Form990PartVIISectionAGrp/PersonNm9Gerd Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm10Chancellor Richard A Carranza
IRS990/Form990PartVIISectionAGrp/PersonNm11Howard Chatzinoff
IRS990/Form990PartVIISectionAGrp/PersonNm12Nicole Degnan
IRS990/Form990PartVIISectionAGrp/PersonNm13John Fosina
IRS990/Form990PartVIISectionAGrp/PersonNm14Linda Gadsby
IRS990/Form990PartVIISectionAGrp/PersonNm15Scrates Jimnez
IRS990/Form990PartVIISectionAGrp/PersonNm16Debbie Kenyon
IRS990/Form990PartVIISectionAGrp/PersonNm17Joanna Lambert
IRS990/Form990PartVIISectionAGrp/PersonNm18Lew Leone
IRS990/Form990PartVIISectionAGrp/PersonNm19Cindy Ma
IRS990/Form990PartVIISectionAGrp/PersonNm20Michael Maslansky
IRS990/Form990PartVIISectionAGrp/PersonNm21Gloria McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm22Shael Polakow-Suransky
IRS990/Form990PartVIISectionAGrp/PersonNm23Mitchell M Roschelle
IRS990/Form990PartVIISectionAGrp/PersonNm24Stuart Ruderfer
IRS990/Form990PartVIISectionAGrp/PersonNm25Jason E Silvers
IRS990/Form990PartVIISectionAGrp/PersonNm26Bernard Tubiana
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chief Strat Off
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP of Fin&Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt3Sr. Program Off.
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
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IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt03165
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt0625447
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt059033
IRS990/InformationTechnologyGrp/TotalAmt081968
IRS990/InsuranceGrp/FundraisingAmt04677
IRS990/InsuranceGrp/ManagementAndGeneralAmt02634
IRS990/InsuranceGrp/ProgramServicesAmt018818
IRS990/InsuranceGrp/TotalAmt026129
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0New York City schools are filled with students who have potential and ambition to go far and we envision a city filled with students whose opportunities match their ambitions. Since 1995, weve played a critical role in bringing together business professionals, educators, and students to open eyes, open minds, and open doors. By doing so, we connect students to success.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/TotalAmt0380620
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.31$1.78$2.64$3.35$0.72
2023Detailed filing. Detailed filing data is available for this year.$3.08$0.58$2.50$3.51$3.43$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.68$0.25$2.43$3.10$3.01$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.04$2.36$3.06$2.73$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.10$2.08$2.83$2.95$0.12
2019Detailed filing. Detailed filing data is available for this year.$2.23$0.03$2.20$2.83$2.97$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.32$0.02$2.30$3.06$2.85$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.17$0.07$2.10$2.86$2.88$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.66$0.16$2.50$2.85$3.13$0.28
2015Detailed filing. Detailed filing data is available for this year.$3.14$0.37$2.77$3.66$3.91$0.26
2014Summary only. Only limited summary data is available for this year.$3.42$0.39$3.03$2.50$4.06$1.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.31$5.04$3.62
2012Summary only. Only limited summary data is available for this year.$5.27$0.32$4.95$3.73$3.49$0.24
2011Summary only. Only limited summary data is available for this year.$5.02$0.32$4.70$2.68$2.84$0.16