Civic Intelligence

Palacios Isd Educational Foundation

990 • Fiscal year 2023 • EIN 26-4157856

Sep 01, 2022 to Aug 31, 2023 • Filed on Mar 11, 2024

Organization ProfilePALACIOSISD.ORG/PAGE/459
1209 12th StPalacios, TX 77465

(361) 972-5491

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

8th percentile

-42%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$36,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 38.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

31st percentile

-1.7%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

624%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$2,292,873

Down $39,175 (-1.7%) from 2022

Net Assets

Down

$2,292,873

Down $39,175 (-1.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin8th percentile

Revenue

Up

$93,190

Up $80,318 (+624%) from 2022

Expenses

Up

$132,364

Up $77,041 (+139%) from 2022

Net Income

Up

-$39,174

Up $3,277 (+7.7%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$3.0M$2.0M$1.0M$0Assets 2014: $2,941,833Liabilities 2014: $0Net Assets 2014: $2,941,8332014Assets 2016: $2,715,515Liabilities 2016: $0Net Assets 2016: $2,715,5152016Assets 2017: $2,599,957Liabilities 2017: $0Net Assets 2017: $2,599,9572017Assets 2019: $2,466,663Liabilities 2019: $0Net Assets 2019: $2,466,6632019Assets 2020: $2,422,754Liabilities 2020: $0Net Assets 2020: $2,422,7542020Assets 2021: $2,374,500Liabilities 2021: $0Net Assets 2021: $2,374,5002021Assets 2022: $2,332,048Liabilities 2022: $0Net Assets 2022: $2,332,0482022Assets 2023: $2,292,873Liabilities 2023: $0Net Assets 2023: $2,292,8732023Assets 2024: $2,273,425Liabilities 2024: $0Net Assets 2024: $2,273,4252024

Highlighted filing

2023

Assets$2,292,873
Liabilities$0
Net Assets$2,292,873
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

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

$200K$100K$0-$100K-$200KRevenue 2014: $3,499Expenses 2014: $178,170Net Income 2014: -$174,6712014Revenue 2016: $10,480Expenses 2016: $113,663Net Income 2016: -$103,1832016Revenue 2017: $18,797Expenses 2017: $134,355Net Income 2017: -$115,5582017Revenue 2019: $57,249Expenses 2019: $127,996Net Income 2019: -$70,7472019Revenue 2020: $28,640Expenses 2020: $72,549Net Income 2020: -$43,9092020Revenue 2021: $862Expenses 2021: $49,116Net Income 2021: -$48,2542021Revenue 2022: $12,872Expenses 2022: $55,323Net Income 2022: -$42,4512022Revenue 2023: $93,190Expenses 2023: $132,364Net Income 2023: -$39,1742023Revenue 2024: $123,979Expenses 2024: $143,426Net Income 2024: -$19,4472024

Highlighted filing

2023

Revenue$93,190
Expenses$132,364
Net Income-$39,174
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Mar 11, 2024
Return Version
2022v5.0
Gross Receipts
$4,717,170
Mission and Program Overview

Mission

SUPPORT

To partner with the community to equip our students and teachers with innovative opportunities to achieve their maximum potential through superior learning experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,332,048$2,292,873▼ $39,175
Savings and Temporary Cash Investments$2,299,301$1,511,690▼ $787,611
Investments in Publicly Traded Securities-$398,937-
Cash and Non-Interest-Bearing Accounts$32,747$7,246▼ $25,501
Total Assets$2,332,048$2,292,873▼ $39,175
Other Assets Total-$375,000-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,332,048$2,292,873▼ $39,175
Total Liabilities and Net Assets / Fund Balance$2,332,048$2,292,873▼ $39,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$375,000--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Carolyn KubeckaExecutive DiPT$36,000$36,000

Board Members and Trustees

NameTitle
Nellie LeePresident
Alfonso OrtizBoard Member
Cynthia BatesBoard Member
Debra TrammellBoard Member
Jarred StuhrenbergBoard Member
Joanne LindenBoard Member
Kelly RynchekBoard Member
Mary Kathryn NiccolaiBoard Member
Yen TranBoard Member
Kelly GronesSecretary
Stacy GreenawaltTreasurer
Mark KubeckaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$29,290
Program Service Revenue
$0
Investment Income
$63,606
Other Revenue
$294
All Other Contributions
$20,925
Change in Net Assets
$-39,174

Audited Revenue Reconciliation

Revenue per Audited Statements
$93,190
Revenue Not Reported on Form 990
$-8,203
Total Revenue per Audited Statements
$84,987
Total Revenue per Form 990
$93,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$92,497
Other Expenses$39,867
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$92,497--$92,497
Fees for Services Accounting-$3,768-$3,768
Fees for Service Investment Mgmnt Fees-$2,161-$2,161
Insurance-$587-$587
Office Expenses-$247-$247
Other Expenses$107$60-$60
All Other Expenses-$40-$40
Total Functional Expenses$125,501$6,863$0$132,364

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$151,353
Expenses per Audited Statements$132,364
Total Expenses per Form 990$132,364
Expenses Not Reported on Form 990$18,989
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,360
Fundraising Direct Expenses$3,066
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
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11B

“Form 990 is prepared by an outside tax return preparer and is reviewed by the executive director.”

Form 990, Page 6, Part VI, Line 19

“Documents are available online at palacios isd website and are available for public inspection upon request at the school administration building.”

Filing and Contact Details

Filer

Filer Name
Palacios Isd Educational Foundation
EIN
26-4157856
Phone
3619725491
Address
1209 12TH ST, PALACIOS, TX 77465

Signing Officer

Name
Carolyn Kubecka
Title
Executive Director
Phone
3619725491
Signed
2024-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Kubecka
Formed
2007
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
10

Preparer

Firm
Harrison Waldrop & Uherek Llp
Address
101 S MAIN STE 400, VICTORIA, TX 77901
Preparer
Melissa M Terry CPA
Phone
3615733255
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

“See form 990, part iii, line 4c.”

Form 990, Page 2, Part III, Line 4D

“Promoted school spirit by providing spirit shirts to approximately 1,300 students”

Form 990, Part XI, Line 9

“ROUNDING -1”

Financial Statement Notes

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

“Modified cash to cash basis adjustment -8,203”

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

“Modified cash to cash basis adjustment 18,989”

Schedule D, Page 4, Part XIII

“Audited financial statements are prepared on the modified cash basis. Fundraising expenses are listed separately on audited financial statements, rather than netted against fundraising income as on form 990.”

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IRS990/PYTotalExpensesAmt055323
IRS990/PYTotalRevenueAmt012872
IRS990/ReconcilationRevenueExpnssAmt0-39174
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportOtherAssetsInd0true
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02332048
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02292873
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02299301
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01511690
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE EXECUTIVE DIRECTOR WORKS PART-TIME FOR THE PALACIOS INDEPENDENT SCHOOL DISTRICT IN THE DISTRICT'S ADMINISTRATION BUILDING, AND COMMUNICATES DIRECTLY WITH BOTH THE SUPERINTENDENT AND ASSISTANT SUPERINTENDENT TO DETERMINE THE NEEDS OF PALACIOS ISD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0746001843
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0125394
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PALACIOS INDEPENDENT SCHOOL DISTRICT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0125394
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/ExpensesNotReportedAmt018989
IRS990ScheduleD/ExpensesSubtotalAmt0132364
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0375000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ANNUITIES
IRS990ScheduleD/OtherExpensesIncludedAmt018989
IRS990ScheduleD/OtherRevenueAmt0-8203
IRS990ScheduleD/RevenueNotReportedAmt0-8203
IRS990ScheduleD/RevenueSubtotalAmt093190
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MODIFIED CASH TO CASH BASIS ADJUSTMENT -8,203
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MODIFIED CASH TO CASH BASIS ADJUSTMENT 18,989
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AUDITED FINANCIAL STATEMENTS ARE PREPARED ON THE MODIFIED CASH BASIS. FUNDRAISING EXPENSES ARE LISTED SEPARATELY ON AUDITED FINANCIAL STATEMENTS, RATHER THAN NETTED AGAINST FUNDRAISING INCOME AS ON FORM 990.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0375000
IRS990ScheduleD/TotalExpensesPerForm990Amt0132364
IRS990ScheduleD/TotalRevenuePerForm990Amt093190
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt084987
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0151353
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt092497
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS & TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt069
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEE FORM 990, PART III, LINE 4C.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROMOTED SCHOOL SPIRIT BY PROVIDING SPIRIT SHIRTS TO APPROXIMATELY 1,300 STUDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY AN OUTSIDE TAX RETURN PREPARER AND IS REVIEWED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE ONLINE AT PALACIOS ISD WEBSITE AND ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE SCHOOL ADMINISTRATION BUILDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PALACIOS INDEPENDENT SCHOOL DIST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PALACIOS INDEPENDENT SCHOOL DIST
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02332048
IRS990/TotalAssetsEOYAmt02292873
IRS990/TotalAssetsGrp/BOYAmt02332048
IRS990/TotalAssetsGrp/EOYAmt02292873
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt029290
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06863
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0125501
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132364
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02332048
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02292873

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,292,873
Liabilities
$0
Net assets
$2,292,873
Revenue
$93,190
Expenses
$132,364
Net income
-$39,174
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$0.12$0.14$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.09$0.13$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.01$0.06$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.00$0.05$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.03$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.06$0.13$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.02$0.13$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.01$0.11$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.00$0.18$0.17