Civic Intelligence

The Wellesley Free Library Foundation Inc

990 • Fiscal year 2014 • EIN 26-3194155

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 05, 2015

530 Washington Street02482

(781) 235-1610

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$543,652

Up $82,793 (+18%) from 2013

Net Assets

Up

$537,567

Up $82,793 (+18%) from 2013

Liabilities

Flat

$6,085

Flat from 2013

Revenue And Expenses

Revenue

$309,806

No earlier filing loaded for comparison.

Expenses

Up

$227,013

Up $123,027 (+118%) from 2013

Net Income

$82,793

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $129,285Liabilities 2011: $2,085Net Assets 2011: $127,2002011Assets 2012: $328,905Liabilities 2012: $6,235Net Assets 2012: $322,6702012Assets 2013: $460,859Liabilities 2013: $6,085Net Assets 2013: $454,7742013Assets 2014: $543,652Liabilities 2014: $6,085Net Assets 2014: $537,5672014Assets 2015: $4,615,131Liabilities 2015: $19,749Net Assets 2015: $4,595,3822015Assets 2016: $5,021,054Liabilities 2016: $28,505Net Assets 2016: $4,992,5492016Assets 2017: $5,114,884Liabilities 2017: $126,533Net Assets 2017: $4,988,3512017Assets 2018: $5,399,879Liabilities 2018: $146,014Net Assets 2018: $5,253,8652018Assets 2019: $5,462,521Liabilities 2019: $119,885Net Assets 2019: $5,342,6362019Assets 2020: $5,458,539Liabilities 2020: $99,649Net Assets 2020: $5,358,8902020Assets 2021: $6,911,551Liabilities 2021: $539,429Net Assets 2021: $6,372,1222021Assets 2022: $6,682,036Liabilities 2022: $336,555Net Assets 2022: $6,345,4812022Assets 2023: $6,745,076Liabilities 2023: $325,532Net Assets 2023: $6,419,5442023Assets 2024: $7,071,783Liabilities 2024: $388,059Net Assets 2024: $6,683,7242024Assets 2025: $7,766,428Liabilities 2025: $310,383Net Assets 2025: $7,456,0452025

Highlighted filing

2014

Assets$543,652
Liabilities$6,085
Net Assets$537,567

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $31,4712011Expenses 2012: $99,3322012Expenses 2013: $103,9862013Revenue 2014: $309,806Expenses 2014: $227,013Net Income 2014: $82,7932014Revenue 2015: $4,581,892Expenses 2015: $427,758Net Income 2015: $4,154,1342015Revenue 2016: $779,786Expenses 2016: $414,075Net Income 2016: $365,7112016Revenue 2017: $340,031Expenses 2017: $343,795Net Income 2017: -$3,7642017Revenue 2018: $672,807Expenses 2018: $414,186Net Income 2018: $258,6212018Revenue 2019: $312,151Expenses 2019: $445,407Net Income 2019: -$133,2562019Revenue 2020: $735,877Expenses 2020: $448,909Net Income 2020: $286,9682020Revenue 2021: $1,230,094Expenses 2021: $1,119,906Net Income 2021: $110,1882021Revenue 2022: $1,467,125Expenses 2022: $631,762Net Income 2022: $835,3632022Revenue 2023: $523,014Expenses 2023: $518,971Net Income 2023: $4,0432023Revenue 2024: $707,548Expenses 2024: $673,896Net Income 2024: $33,6522024Revenue 2025: $1,056,610Expenses 2025: $479,071Net Income 2025: $577,5392025

Highlighted filing

2014

Revenue$309,806
Expenses$227,013
Net Income$82,793
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$365,870
Mission and Program Overview

Mission

To enrich, not replace, traditional tax-based support for the library through gifts, grants, and bequests from individuals and organizations, while reinforcing the need for continued and increased public support for the library.

The organization has formed to support the wellesley free library,which is a department of town of wellesley,massachusetts.the support includes broad range library needs such us materials,building maintenance,furnishings and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$295,740$427,650▲ $131,910
Pledges and Grants Receivable$119,667$67,167▼ $52,500
Cash and Non-Interest-Bearing Accounts$15,001$18,453▲ $3,452
Prepaid Expenses and Deferred Charges$451$430▼ $21
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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$460,859$543,652▲ $82,793
Other Assets Total$30,000$29,952▼ $48
Liabilities
Accounts Payable and Accrued Expenses$6,085$6,085→ $0
Total Liabilities$6,085$6,085→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$374,961$468,802▲ $93,841
Temporarily Rstr Net Assets$49,813$38,813▼ $11,000
Permanently Rstr Net Assets$30,000$29,952▼ $48
Total Net Assets Fund Balance$454,774$537,567▲ $82,793
Total Liabilities and Net Assets / Fund Balance$460,859$543,652▲ $82,793

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$29,952--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$79,813---$68,765
2012$91,063---$79,813
2011$10,000$80,000▲ $7,637-$91,063
2010-$10,000--$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SiedmanDirectorPT$27,340$27,340

Board Members and Trustees

NameTitle
Pamela R StirratPresident/Director
Alexander C GavisDirector
Ann HowleyDirector
Diane SavageDirector
Dorothy LaughlinDirector
Elizabeth P PowellDirector
Heather SawitskyDirector
John H HarringtonDirector
Linda ChapmanDirector
Linda PerlmutterDirector
Phil MinervinoDirector
Steven W HansenDirector
Tim DriverDirector
Lynne Brady WagnerDirector/Clerk
Darcey BartelTreasurer/Director
Amanda KennedyVice Pres./Director
Revenue and Support

Revenue Composition

Contributions and Grants
$364,555
Program Service Revenue
$0
Investment Income
$1,315
Other Revenue
$-56,064
All Other Contributions
$183,716
Change in Net Assets
$82,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$164,434
Other Expenses$62,579
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$164,434--$164,434
Fees for Services Management-$50,020-$50,020
Fees for Services Accounting-$9,150-$9,150
Insurance-$927-$927
Office Expenses-$844-$844
Other Expenses-$49-$49
All Other Expenses-$16-$16
Total Functional Expenses$164,434$62,579$0$227,013
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
---Preservation,outreach & Operations$164,434
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$56,064
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$117,830-$40,750-
Event 2$42,579-$10,244-
Total Events$180,839-$56,064$-56,064
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

Draft of form 990 was distributed to all board members for review and comment prior to filing.

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

Annually members of the board of directors are required to file "wellesley free library foundation, inc. Conflict of interest policy annual statement" including any required disclosures.

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

No documents available to the public

Filing and Contact Details

Filer

EIN
26-3194155
Phone
7812351610

Signing Officer

Name
Darcey Bartel
Title
Treasurer
Signed
2015-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela R Stirrat
Formed
2008
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Preparer
George J Pottackal
Phone
7814317211
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue code. However, income from certain activities not directly related to the Foundations tax exempt purpose is subject to taxation as unrelated business income. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(2). The Foundation does not believe that it has undertaken any action during the past year that would jeopardize its tax exempt status at either the state or federal level. The Foundation reports its activities to the IRS and the Commonwealth of Massachusetts on an annual information return. These filings are subject to review by the taxing authorities and the returns for 2010, 2011 and 2012 are subject to examination, generally for three years after they are filed. There are currently no audits for tax periods in progress. The accounting standards prescribes a comprehensive model for how an organization should measure, recognize, present and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a return. The Foundation has determined that there are no tax positions that result in an uncertainty requiring recognition.

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IRS990/Form990TFiledInd0false
IRS990/FormationYr02008
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0180839
IRS990/FundraisingDirectExpensesAmt056064
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0164434
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0164434
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0365870
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0927
IRS990/InsuranceGrp/TotalAmt0927
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01315
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01315
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION HAS FORMED TO SUPPORT THE WELLESLEY FREE LIBRARY,WHICH IS A DEPARTMENT OF TOWN OF WELLESLEY,MASSACHUSETTS.THE SUPPORT INCLUDES BROAD RANGE LIBRARY NEEDS SUCH US MATERIALS,BUILDING MAINTENANCE,FURNISHINGS AND PROGRAMS.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0537567
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-56064
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-56064
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0844
IRS990/OfficeExpensesGrp/TotalAmt0844
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt030000
IRS990/OtherAssetsTotalGrp/EOYAmt029952
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2PC AND REPORT FILING FEE
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1246
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt295
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt349
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IRS990/OtherExpensesGrp/TotalAmt1246
IRS990/OtherExpensesGrp/TotalAmt295
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IRS990/OtherRevenueTotalAmt00
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt067167
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0451
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0430
IRS990/PrincipalOfficerNm0PAMELA R STIRRAT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0244452
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt087833
IRS990/PYInvestmentIncomeAmt0984
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt016153
IRS990/PYOtherRevenueAmt0-9346
IRS990/PYRevenuesLessExpensesAmt0132104
IRS990/PYTotalExpensesAmt0103986
IRS990/PYTotalRevenueAmt0236090
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt082793
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0295740
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0427650
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0046001343
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc06
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0164434
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10WELLESLEY FREE LIBRARY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd0true
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0164434
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt048
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt079813
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt068765
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt011000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt091063
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt079813
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt011250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt080000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt091063
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt06574
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07637

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.77$0.31$7.46$1.06$0.48$0.58
2024Detailed filing. Detailed filing data is available for this year.$7.07$0.39$6.68$0.71$0.67$0.03
2023Detailed filing. Detailed filing data is available for this year.$6.75$0.33$6.42$0.52$0.52$0.00
2022Detailed filing. Detailed filing data is available for this year.$6.68$0.34$6.35$1.47$0.63$0.84
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$0.54$6.37$1.23$1.12$0.11
2020Detailed filing. Detailed filing data is available for this year.$5.46$0.10$5.36$0.74$0.45$0.29
2019Detailed filing. Detailed filing data is available for this year.$5.46$0.12$5.34$0.31$0.45$0.13
2018Detailed filing. Detailed filing data is available for this year.$5.40$0.15$5.25$0.67$0.41$0.26
2017Detailed filing. Detailed filing data is available for this year.$5.11$0.13$4.99$0.34$0.34$0.00
2016Detailed filing. Detailed filing data is available for this year.$5.02$0.03$4.99$0.78$0.41$0.37
2015Detailed filing. Detailed filing data is available for this year.$4.62$0.02$4.60$4.58$0.43$4.15
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.01$0.54$0.31$0.23$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.01$0.45$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.01$0.32$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.03