Civic Intelligence

Bethany Community School Foundation Inc.

990 • Fiscal year 2018 • EIN 26-1606448

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 29, 2018

Organization ProfileN/A
1288 Hudson RoadSummerfield, NC 27358

(336) 951-2169

Siviq Scores

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

Liabilities / Assets

84th percentile

0.90x

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

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

100th percentile

108%

Higher net margin than 100% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$12,016,111

Up $1,826,914 (+18%) from 2017

Net Assets

Down

$1,225,789

Down $110,185 (-8.2%) from 2017

Liabilities

Up

$10,790,322

Up $1,937,099 (+22%) from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$102,849

Down $286,181 (-156%) from 2017

Expenses

Up

$7,843

Up $5,287 (+207%) from 2017

Net Income

Down

-$110,692

Down $291,468 (-161%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$15M$10M$5.0M$0Assets 2014: $775,153Liabilities 2014: $0Net Assets 2014: $775,1532014Assets 2015: $954,673Liabilities 2015: $0Net Assets 2015: $954,6732015Assets 2016: $1,139,807Liabilities 2016: $0Net Assets 2016: $1,139,8072016Assets 2017: $10,189,197Liabilities 2017: $8,853,223Net Assets 2017: $1,335,9742017Assets 2018: $12,016,111Liabilities 2018: $10,790,322Net Assets 2018: $1,225,7892018Assets 2019: $11,758,129Liabilities 2019: $10,752,592Net Assets 2019: $1,005,5372019Assets 2020: $11,573,301Liabilities 2020: $10,661,602Net Assets 2020: $911,6992020Assets 2021: $11,237,448Liabilities 2021: $10,389,674Net Assets 2021: $847,7742021Assets 2022: $10,912,620Liabilities 2022: $10,010,587Net Assets 2022: $902,0332022Assets 2023: $14,077,674Liabilities 2023: $9,525,280Net Assets 2023: $4,552,3942023Assets 2025: $13,829,904Liabilities 2025: $9,084,315Net Assets 2025: $4,745,5892025

Highlighted filing

2018

Assets$12,016,111
Liabilities$10,790,322
Net Assets$1,225,789
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $190,381Expenses 2014: $3,477Net Income 2014: $186,9042014Revenue 2015: $188,208Expenses 2015: $7,578Net Income 2015: $180,6302015Revenue 2016: $186,159Expenses 2016: $1,181Net Income 2016: $184,9782016Revenue 2017: $183,332Expenses 2017: $2,556Net Income 2017: $180,7762017Revenue 2018: -$102,849Expenses 2018: $7,843Net Income 2018: -$110,6922018Revenue 2019: -$207,087Expenses 2019: $12,304Net Income 2019: -$219,3912019Revenue 2020: -$85,100Expenses 2020: $7,020Net Income 2020: -$92,1202020Revenue 2021: -$56,336Expenses 2021: $8,630Net Income 2021: -$64,9662021Revenue 2022: $580,021Expenses 2022: $527,042Net Income 2022: $52,9792022Revenue 2023: $1,532,508Expenses 2023: $326,310Net Income 2023: $1,206,1982023Revenue 2025: $405,685Expenses 2025: $310,236Net Income 2025: $95,4492025

Highlighted filing

2018

Revenue-$102,849
Expenses$7,843
Net Income-$110,692
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 29, 2018
Return Version
2017v2.3
Gross Receipts
$360,658
Mission and Program Overview

Mission

Primary purpose is to acquire and hold education property and other capital assets in support of bethany community school. The funding for the corporation is through fundraising projects, private donations and lease payments to support school facility and program expansion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$396,507$10,320,286▲ $9,923,779
Savings and Temporary Cash Investments-$1,242,577-
Cash and Non-Interest-Bearing Accounts$281,925$76,801▼ $205,124
Accounts Receivable$148,310$61,776▼ $86,534
Prepaid Expenses and Deferred Charges-$14,372-
Investments in Publicly Traded Securities$6,441$7,082▲ $641
Total Assets$10,189,197$12,016,111▲ $1,826,914
Other Assets Total$9,356,014$293,217▼ $9,062,797
Liabilities
Mortgage Notes Payable Secured by Investment Property-$9,831,000-
Unsecured Notes Loans Payable$7,632,287--
Deferred Revenue$800,000$724,600▼ $75,400
Other Liabilities$420,936--
Accounts Payable and Accrued Expenses-$234,722-
Total Liabilities$8,853,223$10,790,322▲ $1,937,099
Net Assets / Fund Balance
Unrestricted Net Assets$1,335,974$1,145,647▼ $190,327
Temporarily Rstr Net Assets-$80,142-
Total Net Assets Fund Balance$1,335,974$1,225,789▼ $110,185
Total Liabilities and Net Assets / Fund Balance$10,189,197$12,016,111▲ $1,826,914

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,756,676$164,369$9,921,045
Land$396,507-$396,507
Equipment$129,939$5,061$135,000
Other Land Buildings$37,164$715$37,879
Compensation and Service Providers
Top Officer Pay18th percentile

Board Members and Trustees

NameTitle
Leon GentryPresident
Edd HuntDirector
Fred BerryDirector
Pleas McmichaelDirector
Carolyn G FuquaySecretary
John FuquayTreasurer
W Bert BennettVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Omega ConstructionConstruction344 SHELLEYBROOK DRIVE, Pilot Mountain, NC 27041$991,092
Revenue and Support

Revenue Composition

Contributions and Grants
$6,300
Program Service Revenue
$0
Investment Income
$3,958
Other Revenue
$-113,107
All Other Contributions
$6,300
Change in Net Assets
$-110,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$-102,849
Revenue Not Reported on Form 990
$464,014
Total Revenue per Audited Statements
$361,165
Total Revenue per Form 990
$-102,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$7,555-$7,555
Office Expenses-$288-$288
Total Functional Expenses$0$7,843$0$7,843

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$471,350
Expenses Not Reported on Form 990$463,507
Expenses per Audited Statements$7,843
Total Expenses per Form 990$7,843
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
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
No
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, Page 6, Part VI, Line 2

“Bethany community school foundation bethany community school foundation secretary treasurer family members”

Form 990, Page 6, Part VI, Line 11B

“A copy of this return was made available to the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“All officers, agents and employees of bethany community school foundation are required to complete an annual disclosure statement in relation to the organization's conflict of interest policy.”

Form 990, Page 6, Part VI, Line 19

“Copies of the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bethany Community School Foundation
EIN
26-1606448
Phone
3369512169
Address
1288 HUDSON ROAD, SUMMERFIELD, NC 27358

Signing Officer

Name
Leon Gentry
Title
President
Phone
3369512169
Signed
2018-08-29

Organization Details

Principal Officer
Leon Gentry
Formed
2007
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
100

Preparer

Firm
Rouse Rouse Penn & Rouse Llp
Address
439 W KINGS HWY, EDEN, NC 27288-5013
Preparer
R Rex Rouse Jr CPA
Phone
3366271323
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Primary purpose is to acquire and hold education property and other capital assets in support of bethany community school. The funding for the corporation is through fundraising projects, private donations and lease payments to support school facility and program expansion.”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“PROGRAM EXPENSES 463,507”

Schedule D, Page 4, Part XII, Line 2D

“PROGRAM EXPENSES 463,507”

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS WORKS CLOSELY WITH THE SUPPORTED ORGANIZATION'S BOARD OF DIRECTORS TO ENSURE THAT THE ORGANIZATION IS FURTHERING THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION. THE ORGANIZATION UTILIZES A STEERING COMMITTEE, WHICH ACTS ONLY IN AN ADVISORY CAPACITY, CONSISTING OF ONE ORGANIZAITON BOARD MEMBER, ONE SUPPORTED ORGANIZATION BOARD MEMBER, AND THE PRINCIPAL OF BETHANY COMMUNITY MIDDLE SCHOOL, AND FOCUSING SOLELY ON FACILITIES FOR BETHANY COMMUNITY SCHOOL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION'S CURRENT PRIMARY ACTIVITY IS RENTING FACILITIES TO ITS SUPPORTING ORGANIZATION, BETHANY COMMUNITY SCHOOL. THESE FACILIITES ARE USED BY BETHANY COMMUNITY MIDDLE SCHOOL IN THE CONDUCT OF ITS EXEMPT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2018, OVER 97% OF THE ORGANIZATION'S GROSS RECEIPTS WERE DERIVED FROM THIS ACTIVITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2HAD THE ORGANIZATION NOT PROVIDED THE FACILITES TO ITS SUPPORTED ORGANIZATION, BETHANY COMMUNITY SCHOOL, THE SUPPORTED ORGANIZATION WOULD HAVE HAD TO SECURE THOSE FACILITES ON ITS OWN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0129939
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05061
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IRS990ScheduleD/ExpensesNotReportedAmt0463507
IRS990ScheduleD/ExpensesSubtotalAmt07843
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0396507
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IRS990ScheduleD/OtherExpensesIncludedAmt0463507
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0715
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IRS990ScheduleD/OtherRevenueAmt0463507
IRS990ScheduleD/RevenueNotReportedAmt0464014
IRS990ScheduleD/RevenueSubtotalAmt0-102849
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROGRAM EXPENSES 463,507
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROGRAM EXPENSES 463,507
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt07843
IRS990ScheduleD/TotalRevenuePerForm990Amt0-102849
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0361165
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIMARY PURPOSE IS TO ACQUIRE AND HOLD EDUCATION PROPERTY AND OTHER CAPITAL ASSETS IN SUPPORT OF BETHANY COMMUNITY SCHOOL. THE FUNDING FOR THE CORPORATION IS THROUGH FUNDRAISING PROJECTS, PRIVATE DONATIONS AND LEASE PAYMENTS TO SUPPORT SCHOOL FACILITY AND PROGRAM EXPANSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BETHANY COMMUNITY SCHOOL FOUNDATION BETHANY COMMUNITY SCHOOL FOUNDATION SECRETARY TREASURER FAMILY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THIS RETURN WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OFFICERS, AGENTS AND EMPLOYEES OF BETHANY COMMUNITY SCHOOL FOUNDATION ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT IN RELATION TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0REIDSVILLE
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BETHANY COMMUNITY MIDDLE SCHOOL
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt07843
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt010790322
IRS990/TotalLiabilitiesGrp/BOYAmt08853223
IRS990/TotalLiabilitiesGrp/EOYAmt010790322
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01335974
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01225789
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-113107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-102849
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012016111
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt01145647
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt07632287
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LEON GENTRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03369512169
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETHANY COMMUNITY SCHOOL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BETH
ReturnHeader/Filer/EIN0261606448
ReturnHeader/Filer/PhoneNum03369512169
ReturnHeader/Filer/USAddress/AddressLine1Txt01288 HUDSON ROAD
ReturnHeader/Filer/USAddress/CityNm0SUMMERFIELD
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0205.240.35.130
ReturnHeader/FilingSecurityInformation/IPDt02018-08-30
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ReturnHeader/FilingSecurityInformation/IPTm007:08:03
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562070443
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROUSE ROUSE PENN & ROUSE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0439 W KINGS HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDEN
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0272885013
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R REX ROUSE JR CPA

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$12,016,111
Liabilities
$10,790,322
Net assets
$1,225,789
Revenue
-$102,849
Expenses
$7,843
Net income
-$110,692
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.8$9.08$4.75$0.41$0.31$0.10
2023Detailed filing. Detailed filing data is available for this year.$14.1$9.53$4.55$1.53$0.33$1.21
2022Detailed filing. Detailed filing data is available for this year.$10.9$10.0$0.90$0.58$0.53$0.05
2021Detailed filing. Detailed filing data is available for this year.$11.2$10.4$0.85$0.06$0.01$0.06
2020Detailed filing. Detailed filing data is available for this year.$11.6$10.7$0.91$0.09$0.01$0.09
2019Detailed filing. Detailed filing data is available for this year.$11.8$10.8$1.01$0.21$0.01$0.22
2018Detailed filing. Detailed filing data is available for this year.$12.0$10.8$1.23$0.10$0.01$0.11
2017Detailed filing. Detailed filing data is available for this year.$10.2$8.85$1.34$0.18$0.00$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.19$0.00$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.19$0.01$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.19$0.00$0.19