Civic Intelligence

Silver Oak Academy

990 • Fiscal year 2017 • EIN 27-0407260

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileWWW.SILVEROAKACADEMY.COM
PO Box 250Keymar, MD 21757

(410) 775-1745

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

26th percentile

-5.7%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

2nd percentile

-41%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-2.6%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$467,745

Down $326,390 (-41%) from 2016

Net Assets

Down

-$37

Down $155,894 (-100%) from 2016

Liabilities

Down

$467,782

Down $170,496 (-27%) from 2016

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin26th percentile

Revenue

Down

$2,750,381

Down $72,145 (-2.6%) from 2016

Expenses

Down

$2,906,275

Down $289,614 (-9.1%) from 2016

Net Income

Up

-$155,894

Up $217,469 (+58%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $578,873Liabilities 2011: $166,744Net Assets 2011: $412,1292011Assets 2012: $737,655Liabilities 2012: $219,362Net Assets 2012: $518,2932012Assets 2013: $698,178Liabilities 2013: $153,180Net Assets 2013: $544,9982013Assets 2014: $999,850Liabilities 2014: $275,617Net Assets 2014: $724,2332014Assets 2015: $798,601Liabilities 2015: $269,381Net Assets 2015: $529,2202015Assets 2016: $794,135Liabilities 2016: $638,278Net Assets 2016: $155,8572016Assets 2017: $467,745Liabilities 2017: $467,782Net Assets 2017: -$372017Assets 2018: $545,900Liabilities 2018: $830,818Net Assets 2018: -$284,9182018Assets 2019: $553,542Liabilities 2019: $1,315,972Net Assets 2019: -$762,4302019Assets 2020: $671,970Liabilities 2020: $1,461,902Net Assets 2020: -$789,9322020Assets 2021: $319,662Liabilities 2021: $1,141,091Net Assets 2021: -$821,4292021Assets 2023: $21,870Liabilities 2023: $1,668,144Net Assets 2023: -$1,646,2742023Assets 2024: $10,147Liabilities 2024: $1,668,144Net Assets 2024: -$1,657,9972024Assets 2025: $76,234Liabilities 2025: $1,736,831Net Assets 2025: -$1,660,5972025

Highlighted filing

2017

Assets$467,745
Liabilities$467,782
Net Assets-$37
Open 2017 Filing

Operations Trend

Revenue Growth31st percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,296,3552011Expenses 2012: $2,493,8832012Expenses 2013: $2,481,5892013Revenue 2014: $3,324,658Expenses 2014: $3,145,423Net Income 2014: $179,2352014Revenue 2015: $3,175,389Expenses 2015: $3,370,402Net Income 2015: -$195,0132015Revenue 2016: $2,822,526Expenses 2016: $3,195,889Net Income 2016: -$373,3632016Revenue 2017: $2,750,381Expenses 2017: $2,906,275Net Income 2017: -$155,8942017Revenue 2018: $2,232,600Expenses 2018: $2,517,481Net Income 2018: -$284,8812018Revenue 2019: $1,712,350Expenses 2019: $2,189,862Net Income 2019: -$477,5122019Revenue 2020: $2,008,884Expenses 2020: $2,036,386Net Income 2020: -$27,5022020Revenue 2021: $1,996,263Expenses 2021: $2,027,760Net Income 2021: -$31,4972021Revenue 2023: -$167,189Expenses 2023: $412,133Net Income 2023: -$579,3222023Revenue 2024: $0Expenses 2024: $11,723Net Income 2024: -$11,7232024Revenue 2025: $63,400Expenses 2025: $66,001Net Income 2025: -$2,6012025

Highlighted filing

2017

Revenue$2,750,381
Expenses$2,906,275
Net Income-$155,894
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.1
Gross Receipts
$2,750,381
Mission and Program Overview

Mission

Silver Oak Academy strives to create an environment where students achieve academic excellence and demonstrate respect and responsibility

Silver oak academy strives to create an environment where students achieve academic excellence and demonstrate respect and responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$454,062$293,796▼ $160,266
Land, Buildings, and Equipment, Net$134,649$114,312▼ $20,337
Cash and Non-Interest-Bearing Accounts$204,807$58,654▼ $146,153
Prepaid Expenses and Deferred Charges$617$983▲ $366
Total Assets$794,135$467,745▼ $326,390
Liabilities
Accounts Payable and Accrued Expenses$638,278$467,782▼ $170,496
Total Liabilities$638,278$467,782▼ $170,496
Net Assets / Fund Balance
Unrestricted Net Assets$155,857$-37▼ $155,894
Total Net Assets Fund Balance$155,857$-37▼ $155,894
Total Liabilities and Net Assets / Fund Balance$794,135$467,745▼ $326,390

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$68,123$205,913$274,036
Leasehold Improvements$36,519$16,245$52,764
Other Land Buildings$9,670$21,617$31,287
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Delmas WoodPresident
Betsy BakerMember
Charles CollyerMember
Daryl FosterMember
Jacie Mathias-jonesMember
Larnell C Simpson JrMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Rite Of Passage INCManagement2560 BUSINESS PARKWAY SUITE A, Minden, NV 89423$288,822
Revenue and Support

Revenue Composition

Contributions and Grants
$5,271
Program Service Revenue
$2,745,110
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-155,894

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,750,381
Total Revenue per Audited Statements
$2,750,381
Total Revenue per Form 990
$2,750,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,589,833
Other Expenses$1,316,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$963,152$419,669-$1,382,821
Occupancy$520,384$84,713-$605,097
Fees for Services Management$115,529$173,293-$288,822
Other Employee Benefits$69,553$30,577-$100,130
Payroll Taxes$66,237$29,118-$95,355
All Other Expenses$73,593$13,657-$87,250
Depreciation Depletion$26,471$4,309-$30,780
Other Expenses$26,358$4,290-$30,648
Fees for Services Other-$26,775-$26,775
Insurance$17,037$3,097-$20,134
Fees for Services Accounting-$15,859-$15,859
Pension Plan Contributions$10,374$1,153-$11,527
Office Expenses$7,064$2,081-$9,145
Information Technology-$3,600-$3,600
Total Functional Expenses$2,081,843$824,432$0$2,906,275

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,906,275
Total Expenses per Audited Statements$2,906,275
Total Expenses per Form 990$2,906,275
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The school has delegated all management duties to rite of passage, inc., an independent management company. The board of directors oversees all services performed by the management company. Catherine gammage is an officer of silver oak academy, inc. And received compensation of 114,496 reported her 2016 form w-2 from the management company for services performed for the school.”

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

“The completed form 990 will be sent electronically to the board members and cfo prior to submitting.”

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

“Conflict of interest statements are signed by board members.”

Form 990, Page 6, Part VI, Line 19

“All governing documents, conflict of interest policy, and the financial statements are made available to the public on silver oak academy's website and upon request.”

Form 990, Part VII

“Catherine gammage is an employee of the organization under common law, but is paid through an unrelated management company”

Filing and Contact Details

Filer

Filer Name
Silver Oak Academy Inc
EIN
27-0407260
Phone
4107751745
Address
PO BOX 250, KEYMAR, MD 21757

Signing Officer

Name
Carolyn Jenkins-bower
Title
CFO
Phone
4107751745
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Jenkins-bower
Formed
2009
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Rlh Cpas & Business Advisors LLC
Address
205 EAST MAIN STREET, WESTMINSTER, MD 21157-5227
Preparer
Wanda K Lynn CPA
Phone
4108763990
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The school is incorporated under the laws of the state of maryland as a nonprofit organization. The school has elected under provisions of internal revenue code section 501(c)(3) and state income tax statutes to be excluded from taxes on exempt function income. Therefore, no provision is made for taxes on income.”

Raw XML Appendix391 raw XML fields

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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0205913
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0274036
IRS990ScheduleD/ExpensesSubtotalAmt02906275
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt036519
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016245
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt052764
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09670
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021617
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031287
IRS990ScheduleD/RevenueSubtotalAmt02750381
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND AS A NONPROFIT ORGANIZATION. THE SCHOOL HAS ELECTED UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND STATE INCOME TAX STATUTES TO BE EXCLUDED FROM TAXES ON EXEMPT FUNCTION INCOME. THEREFORE, NO PROVISION IS MADE FOR TAXES ON INCOME.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0114312
IRS990ScheduleD/TotalExpensesPerForm990Amt02906275
IRS990ScheduleD/TotalRevenuePerForm990Amt02750381
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02750381
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02906275
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS POSTED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1EDUCATION REVENUE IS RECEIVED THROUGH FUNDING FROM THE STATE OF MARYLAND, DISTRICT OF COLUMBIA, AND THROUGH THE NATIONAL SCHOOL LUNCH PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS DELEGATED ALL MANAGEMENT DUTIES TO RITE OF PASSAGE, INC., AN INDEPENDENT MANAGEMENT COMPANY. THE BOARD OF DIRECTORS OVERSEES ALL SERVICES PERFORMED BY THE MANAGEMENT COMPANY. CATHERINE GAMMAGE IS AN OFFICER OF SILVER OAK ACADEMY, INC. AND RECEIVED COMPENSATION OF 114,496 REPORTED HER 2016 FORM W-2 FROM THE MANAGEMENT COMPANY FOR SERVICES PERFORMED FOR THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLETED FORM 990 WILL BE SENT ELECTRONICALLY TO THE BOARD MEMBERS AND CFO PRIOR TO SUBMITTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON SILVER OAK ACADEMY'S WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CATHERINE GAMMAGE IS AN EMPLOYEE OF THE ORGANIZATION UNDER COMMON LAW, BUT IS PAID THROUGH AN UNRELATED MANAGEMENT COMPANY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05271
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02081843
IRS990/TotalFunctionalExpensesGrp/TotalAmt02906275
IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02745110
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-37
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02560 BUSINESS PARKWAY
IRS990/USAddress/CityNm0MINDEN
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089423
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SILVEROAKACADEMY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN JENKINS-BOWER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04107751745
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILVER OAK ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SILV
ReturnHeader/Filer/EIN0270407260
ReturnHeader/Filer/PhoneNum04107751745
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 250
ReturnHeader/Filer/USAddress/CityNm0KEYMAR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021757
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D40654C353E15FCE65171C7845C5FC90D87385DB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07C07C2EEB1FC3C174FC318045657138083A9B5E5
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474974197
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RLH CPAS & BUSINESS ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0205 EAST MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTMINSTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0211575227
ReturnHeader/PreparerPersonGrp/PhoneNum04108763990
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WANDA K LYNN CPA
ReturnHeader/ReturnTs02018-05-15T12:59:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$467,745
Liabilities
$467,782
Net assets
-$37
Revenue
$2,750,381
Expenses
$2,906,275
Net income
-$155,894
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.08$1.74$1.66$0.06$0.07$0.00
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$1.67$1.66$0.00$0.01$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$1.67$1.65$0.17$0.41$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$1.14$0.82$2.00$2.03$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$1.46$0.79$2.01$2.04$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$1.32$0.76$1.71$2.19$0.48
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.83$0.28$2.23$2.52$0.28
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.47$0.00$2.75$2.91$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.64$0.16$2.82$3.20$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.80$0.27$0.53$3.18$3.37$0.20
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.28$0.72$3.32$3.15$0.18
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.15$0.54$2.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.22$0.52$2.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.17$0.41$2.30