Civic Intelligence

The Akc Humane Fund Inc

990 • Fiscal year 2018 • EIN 26-0542468

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

101 PARK AVENUE Suite 5TH FLNew York, NY 10178

(212) 696-8200

Siviq Scores

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

Liabilities / Assets

84th percentile

0.31x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • NTEE D • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

1.03x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • NTEE D • $500k-$1M nonprofits • Source year 2018

Net Margin

58th percentile

7.5%

Higher net margin than 58% of similar nonprofits.

2018 filings • NTEE D • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$311,344

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 185.2% of source-year revenue.

2018 filings • NTEE D • $500k-$1M nonprofits • Source year 2018

Asset Growth

59th percentile

4.5%

Faster asset growth than 59% of similar nonprofits.

2018 filings • NTEE D • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • NTEE D • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$562,473

Up $24,020 (+4.5%) from 2017

Net Assets

Up

$390,026

Up $23,467 (+6.4%) from 2017

Liabilities

Up

$172,447

Up $553 (+0.3%) from 2017

Revenue

Down

$168,128

Down $27,476 (-14%) from 2017

Expenses

Down

$155,542

Down $131,959 (-46%) from 2017

Net Income

Up

$12,586

Up $104,483 (+114%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $410,576Liabilities 2010: $614Net Assets 2010: $409,9622010Assets 2011: $534,756Liabilities 2011: $19,484Net Assets 2011: $515,2722011Assets 2012: $722,882Liabilities 2012: $26,619Net Assets 2012: $696,2632012Assets 2013: $836,466Liabilities 2013: $47,750Net Assets 2013: $788,7162013Assets 2014: $770,349Liabilities 2014: $109,156Net Assets 2014: $661,1932014Assets 2015: $569,753Liabilities 2015: $73,576Net Assets 2015: $496,1772015Assets 2016: $548,163Liabilities 2016: $105,442Net Assets 2016: $442,7212016Assets 2017: $538,453Liabilities 2017: $171,894Net Assets 2017: $366,5592017Assets 2018: $562,473Liabilities 2018: $172,447Net Assets 2018: $390,0262018Assets 2019: $625,730Liabilities 2019: $120,584Net Assets 2019: $505,1462019Assets 2020: $679,475Liabilities 2020: $40,570Net Assets 2020: $638,9052020Assets 2021: $853,844Liabilities 2021: $16,432Net Assets 2021: $837,4122021Assets 2022: $1,026,642Liabilities 2022: $39,410Net Assets 2022: $987,2322022Assets 2023: $1,246,190Liabilities 2023: $187,097Net Assets 2023: $1,059,0932023Assets 2024: $1,378,853Liabilities 2024: $162,249Net Assets 2024: $1,216,6042024

Highlighted filing

2018

Assets$562,473
Liabilities$172,447
Net Assets$390,026

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $176,382Expenses 2010: $69,868Net Income 2010: $106,5142010Expenses 2011: $124,9162011Expenses 2012: $185,4572012Revenue 2013: $308,005Expenses 2013: $240,230Net Income 2013: $67,7752013Revenue 2014: $144,758Expenses 2014: $272,071Net Income 2014: -$127,3132014Revenue 2015: $152,678Expenses 2015: $280,584Net Income 2015: -$127,9062015Revenue 2016: $106,498Expenses 2016: $179,165Net Income 2016: -$72,6672016Revenue 2017: $195,604Expenses 2017: $287,501Net Income 2017: -$91,8972017Revenue 2018: $168,128Expenses 2018: $155,542Net Income 2018: $12,5862018Revenue 2019: $200,836Expenses 2019: $133,529Net Income 2019: $67,3072019Revenue 2020: $336,515Expenses 2020: $230,616Net Income 2020: $105,8992020Revenue 2021: $199,381Expenses 2021: $42,816Net Income 2021: $156,5652021Revenue 2022: $278,639Expenses 2022: $103,009Net Income 2022: $175,6302022Revenue 2023: $403,071Expenses 2023: $406,472Net Income 2023: -$3,4012023Revenue 2024: $532,353Expenses 2024: $281,979Net Income 2024: $250,3742024

Highlighted filing

2018

Revenue$168,128
Expenses$155,542
Net Income$12,586
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$168,128
Mission and Program Overview

Mission

The akc humane fund's mission is to unite a broad spectrum of animal lovers in promoting the joy and value of responsible pet ownership through education,outreach and grant-making.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$511,786$440,731▼ $71,055
Cash and Non-Interest-Bearing Accounts$24,345$71,742▲ $47,397
Accounts Receivable$2,322$50,000▲ $47,678
Savings and Temporary Cash Investments$0$0→ $0
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 Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$538,453$562,473▲ $24,020
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$171,894$172,447▲ $553
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$171,894$172,447▲ $553
Net Assets / Fund Balance
Unrestricted Net Assets$366,559$390,026▲ $23,467
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$366,559$390,026▲ $23,467
Total Liabilities and Net Assets / Fund Balance$538,453$562,473▲ $24,020

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$206,970--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug LjungrenPresident
Gina DinardoDirector
Brandi HunterDirector as of 10/2018
Daphna StrausSecretary
Joseph BaffutoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
none---
Revenue and Support

Revenue Composition

Contributions and Grants
$110,039
Program Service Revenue
$0
Investment Income
$8,089
Other Revenue
$50,000
All Other Contributions
$110,039
Change in Net Assets
$12,586

Audited Revenue Reconciliation

Revenue per Audited Statements
$168,128
Revenue Not Reported on Form 990
$-29,119
Total Revenue per Audited Statements
$139,009
Total Revenue per Form 990
$168,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$76,000
Other Expenses$45,342
Salaries, Compensation, and Employee Benefits$34,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$55,500--$55,500
Current Officers, Directors, Trustees, and Key Employees$29,096$353-$29,449
Grants to Domestic Individuals$20,500--$20,500
Other Expenses$4,475-$0$4,475
Information Technology$3,379--$3,379
Payroll Taxes$1,800$22-$1,822
Fees for Services Management-$1,651-$1,651
Other Salaries and Wages$1,582$19-$1,601
Pension Plan Contributions$1,312$16-$1,328
Depreciation Depletion$1,140--$1,140
Office Expenses$876--$876
Total Functional Expenses$153,481$2,061$0$155,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$155,542
Total Expenses per Form 990$155,542
Total Expenses per Audited Statements$115,542
Expenses Not Reported on Form 990$-40,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Akc Humane Fund Inc
EIN
26-0542468
In Care Of
% JOSEPH V BAFFUTO JR
Phone
2126968200
Address
101 PARK AVENUE Suite 5TH FL, NEW YORK, NY 10178

Signing Officer

Name
Doug Ljungren
Title
President
Phone
2126968200
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Ljungren
Formed
2007
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
David M Highfill
Phone
2127589700
Supplemental Narrative

Additional Explanations

Awards & Scholarships

Form 990, part iii - program service, line 4a the akc humane fund gives certain awards and scholarships. Awards for canine excellence (ace) recognizes a dog that has performed some exemplary act, whether large or seemingly small, that has significantly benefited a community or individual. The george ward scholarship fund program was established to recognize and reward registered handler apprentice program (rhp) apprentices who are learning dog handling through working for an rhp member and are pursuing college-level education. This scholarship can be used for their course studies toward a college degree, business or veterinary courses in pursuit of becoming a professional dog handler

Other Program Service Accomplishments

Form 990, part iii, line 4d the akc humane fund other program expenses serve those whose daily services to pets have been directly affected and interrupted by a natural disaster, such as clubs and animal hospitals.

Collection of Works of Art

Form 990, part iv, line 8 and schedule d, part xiii the akc humane fund maintains a collection and library of artwork. However, the fund does not record these collections as assets on the balance sheet. Purchases for the library's collection are expensed in the year in which the items are acquired. The items in the library are not circulated. The collections are held for public exhibition and educational and research purposes. Each of the items is preserved and cared for and maintenance activities are performed continuously. The collections are generally not sold. In the event of sale, the proceeds could be reinvested to acquire other items for collections.

Number of Employees

Form 990, part v, line 2a the akc humane fund inc. Had no employees employed through the reporting period ended december 31, 2018. However, all of the individuals reported on part vii are employed by and paid by american kennel club inc., a related entity. To accurately account for the expenses of the akc humane fund inc., compensation expense allocable to this entity from related entity, american kennel club inc., is reported on part ix, lines 5-10.

Board Review of Form 990

Form 990, part vi, line 11b the form 990 is prepared by an independent accounting firm based on information provided by the akc humane fund, inc. In consultation with its staff. The draft prepared by the accounting firm is then carefully reviewed by the finance department of american kennel club, inc., a related organization. The final version is then made available for the board of directors for review and comment prior to filing with the internal revenue service.

Compliance With Conflict of Interest Policy

Form 990, part vi, line 12c the akc humane fund, inc. Follows the conflict of interest policy of the american kennel club inc. ("the club"), a related organization. It is the policy of the club that all employees avoid any conflict between their interests and those of the club. The club expects all employees to support its mission, policies and programs and to conduct themselves in an ethical and appropriate manner in the performance of their job duties. In addition, every employee of the club has certain responsibilities regarding access to and disclosure of confidential information. The policy is reviewed and signed by all parties on an annual basis. Annual basis.

Compensation Review Process

Form 990, part vi, line 15a the akc humane fund inc. Follows the compensation policies of the american kennel club inc. ("the club"), a related organization. A component of the club's board approved executive compensation program is based upon review with external consultants of the club's overall performance in combination with the individual's performance. The program is administered and reviewed by the compensation committee of the club's board of directors and adheres to the conflict of interest policy. No board member with a conflict of interest is permitted to participate in the discussion or vote on the matter. The compensation review program includes review of the current marketplace environment and comparison to other organizations of similar size to ensure that compensation is reasonable in the context of market rates for comparable positions. Determination of compensation is documented contemporaneously in the club's records.

Available to the Public

Form 990, part vi, line 19 the akc humane fund, inc. Makes its governing documents, conflict of interest policy and financial statements available upon specific request. Form 990, part xi, line 9: other changes reversal of grant expenses $40,000

Financial Statement Notes

Collection of Works of Art

Schedule d, part iii the akc humane fund maintains a collection and library of artwork. However, the fund does not record these collections as assets on the balance sheet. Purchases for the library's collection are expensed in the year in which the items are acquired. The items in the library are not circulated. The collections are held for public exhibition and educational and research purposes. Each of the items is preserved and cared for and maintenance activities are performed continuously. The collections are generally not sold. In the event of sale, the proceeds could be reinvested to acquire other items for collections.

Uncertain Tax Positions

Schedule d, part x, line 2 the club follows the provisions of asc 740-10, income taxes - overall, relating to uncertainty in income taxes. For the club, asc 740-10 is primarily applicable to the incurrence of unrelated business income tax (ubit) attributable to certain of its investments. Asc 740-10 establishes a minimum threshold for financial statement recognition of the benefits position taken, or expected to be taken, in filing tax returns. It requires the evaluation of tax positions taken, or expected to be taken in the course of preparing the club's income tax returns to determine whether the tax positions are "more-likely than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the "more-likely than-not" threshold are recorded as tax expense. There were no such tax positions for the year ended december 31, 2018.

Schedule D, Part XII, Line 2D

Reversal of grant expense $(40,000)

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IRS990/MissionDesc0THE AKC HUMANE FUND'S MISSION IS TO UNITE A BROAD SPECTRUM OF ANIMAL LOVERS IN PROMOTING THE JOY AND VALUE OF RESPONSIBLE PET OWNERSHIP THROUGH EDUCATION,OUTREACH AND GRANT-MAKING.
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IRS990/OfficeExpensesGrp/TotalAmt0876
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0PARENT CLUB FUNDING
IRS990/OtherExpensesGrp/Desc1ACE AWARDS
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IRS990/OtherExpensesGrp/TotalAmt24475
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IRS990/PensionPlanContributionsGrp/TotalAmt01328
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0DOMESTIC VIOLENCE & WOMEN'S SHELTER SERVICES: THE AKC HUMANE FUND MAKES GRANTS TO SHELTERS THAT HOUSE WOMEN WHO ARE VICTIMS OF DOMESTIC ABUSE, ALONG WITH THEIR PETS, AND ANIMAL SHELTERS THAT TEMPORARILY HOUSE PETS FOR VICTIMS OF DOMESTIC VIOLENCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt042436
IRS990/ProgSrvcAccomActy2Grp/GrantAmt028000
IRS990/ProgSrvcAccomActy3Grp/Desc0BREED-SPECIFIC RESCUE: THE AKC HUMANE FUND MAKES GRANTS TO BREED-SPECIFIC RESCUE ORGANIZATIONS TO HELP THEM RESCUE DOGS NATIONWIDE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt032585
IRS990/ProgSrvcAccomActy3Grp/GrantAmt021500
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IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalExpensesAmt0287501
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0195604
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt012586
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt081692
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019590
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomePYPct00.09162
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IRS990ScheduleA/PublicSupportPY509Pct00.75192
IRS990ScheduleA/PublicSupportTotal509Amt0594968
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1163576
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt268517
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0ST INVESTMENTS-MONEY MARKET
IRS990ScheduleD/OtherSecuritiesGrp/Desc1LT LOOMIS SAYLES BOND FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2LT PIMCO LOW DURATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc3LT FPA CRESCENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
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IRS990ScheduleD/RevenueSubtotalAmt0168128
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHEDULE D, PART III THE AKC HUMANE FUND MAINTAINS A COLLECTION AND LIBRARY OF ARTWORK. HOWEVER, THE FUND DOES NOT RECORD THESE COLLECTIONS AS ASSETS ON THE BALANCE SHEET. PURCHASES FOR THE LIBRARY'S COLLECTION ARE EXPENSED IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. THE ITEMS IN THE LIBRARY ARE NOT CIRCULATED. THE COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION AND EDUCATIONAL AND RESEARCH PURPOSES. EACH OF THE ITEMS IS PRESERVED AND CARED FOR AND MAINTENANCE ACTIVITIES ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE GENERALLY NOT SOLD. IN THE EVENT OF SALE, THE PROCEEDS COULD BE REINVESTED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHEDULE D, PART X, LINE 2 THE CLUB FOLLOWS THE PROVISIONS OF ASC 740-10, INCOME TAXES - OVERALL, RELATING TO UNCERTAINTY IN INCOME TAXES. FOR THE CLUB, ASC 740-10 IS PRIMARILY APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME TAX (UBIT) ATTRIBUTABLE TO CERTAIN OF ITS INVESTMENTS. ASC 740-10 ESTABLISHES A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFITS POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN FILING TAX RETURNS. IT REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CLUB'S INCOME TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE "MORE-LIKELY THAN-NOT" THRESHOLD ARE RECORDED AS TAX EXPENSE. THERE WERE NO SUCH TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2018.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.16$1.22$0.53$0.28$0.25
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.19$1.06$0.40$0.41$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.04$0.99$0.28$0.10$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.02$0.84$0.20$0.04$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.04$0.64$0.34$0.23$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.12$0.51$0.20$0.13$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.17$0.39$0.17$0.16$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.17$0.37$0.20$0.29$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.11$0.44$0.11$0.18$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.07$0.50$0.15$0.28$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.11$0.66$0.14$0.27$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.84$0.05$0.79$0.31$0.24$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.03$0.70$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.02$0.52$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.18$0.07$0.11