Civic Intelligence

District Management Assoc Downtown Troy Business Improvement District Inc

990 • Fiscal year 2017 • EIN 27-3638583

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

251 River StreetTroy, NY 12180

(518) 279-7997

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$55,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

85th percentile

53%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

2.2%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$249,890

Up $86,311 (+53%) from 2016

Net Assets

Up

$240,755

Up $87,710 (+57%) from 2016

Liabilities

Down

$9,135

Down $1,399 (-13%) from 2016

Revenue

Up

$289,108

Up $6,170 (+2.2%) from 2016

Expenses

Down

$201,400

Down $6,127 (-3.0%) from 2016

Net Income

Up

$87,708

Up $12,297 (+16%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $53,737Liabilities 2011: $21,303Net Assets 2011: $32,4342011Assets 2012: $14,930Liabilities 2012: $6,675Net Assets 2012: $8,2552012Assets 2013: $30,593Liabilities 2013: $12,838Net Assets 2013: $17,7552013Assets 2014: $25,113Liabilities 2014: $21,848Net Assets 2014: $3,2652014Assets 2015: $82,105Liabilities 2015: $4,471Net Assets 2015: $77,6342015Assets 2016: $163,579Liabilities 2016: $10,534Net Assets 2016: $153,0452016Assets 2017: $249,890Liabilities 2017: $9,135Net Assets 2017: $240,7552017Assets 2018: $307,807Liabilities 2018: $11,304Net Assets 2018: $296,5032018Assets 2019: $334,416Liabilities 2019: $21,212Net Assets 2019: $313,2042019Assets 2020: $272,500Liabilities 2020: $5,554Net Assets 2020: $266,9462020Assets 2021: $346,047Liabilities 2021: $6,204Net Assets 2021: $339,8432021Assets 2022: $301,571Liabilities 2022: $25,182Net Assets 2022: $276,3892022Assets 2023: $184,667Liabilities 2023: $46,526Net Assets 2023: $138,1412023Assets 2024: $45,271Liabilities 2024: $9,281Net Assets 2024: $35,9902024

Highlighted filing

2017

Assets$249,890
Liabilities$9,135
Net Assets$240,755

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $136,7262011Expenses 2012: $181,0692012Revenue 2013: $180,424Expenses 2013: $170,924Net Income 2013: $9,5002013Revenue 2014: $160,204Expenses 2014: $174,694Net Income 2014: -$14,4902014Revenue 2015: $289,077Expenses 2015: $214,708Net Income 2015: $74,3692015Revenue 2016: $282,938Expenses 2016: $207,527Net Income 2016: $75,4112016Revenue 2017: $289,108Expenses 2017: $201,400Net Income 2017: $87,7082017Revenue 2018: $256,354Expenses 2018: $200,606Net Income 2018: $55,7482018Revenue 2019: $329,526Expenses 2019: $312,825Net Income 2019: $16,7012019Revenue 2020: $219,878Expenses 2020: $266,136Net Income 2020: -$46,2582020Revenue 2021: $305,251Expenses 2021: $232,354Net Income 2021: $72,8972021Revenue 2022: $261,027Expenses 2022: $324,481Net Income 2022: -$63,4542022Revenue 2023: $233,596Expenses 2023: $371,844Net Income 2023: -$138,2482023Revenue 2024: $310,114Expenses 2024: $412,265Net Income 2024: -$102,1512024

Highlighted filing

2017

Revenue$289,108
Expenses$201,400
Net Income$87,708
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$454,418
Mission and Program Overview

Mission

Form 990 - organization's mission or most significant activities statement: our mission is to cultivate the economic growth and development of the downtown troy community by creating an increasingly inviting, dynamic and sustainable enviroment that celebrates the city's history while building towards its future. Form 990 - organization's mission: our mission is to cultivate the economic growth and development of the downtown troy community by creating an increasingly inviting, dynamic and sustainable enviroment that celebrates the city's history while building towards its future. Form 990, part iii, line 4d - all other accomplishments: special events: the bid hosts a variety of events througout the year that brings thousands of people to downtown troy. From the rockn' on the river summer concert series to the monthly troy night out art and culture event, the bid organizes and executes exiciting quality events that draw people to troy's downtown with the prospect that the crowds will st

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$145,358$186,809▲ $41,451
Accounts Receivable$3,067$18,092▲ $15,025
Prepaid Expenses and Deferred Charges$2,747$3,181▲ $434
Total Assets$163,579$249,890▲ $86,311
Other Assets Total$12,407$41,808▲ $29,401
Liabilities
Accounts Payable and Accrued Expenses$7,504$5,638▼ $1,866
Other Liabilities$1,528$1,997▲ $469
Deferred Revenue$1,500$1,500→ $0
Total Liabilities$10,532$9,135▼ $1,397
Net Assets / Fund Balance
Unrestricted Net Assets$153,047$240,755▲ $87,708
Total Net Assets Fund Balance$153,047$240,755▲ $87,708
Total Liabilities and Net Assets / Fund Balance$163,579$249,890▲ $86,311

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$41,808--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katie HammonExecutive DiPT$55,000$55,000

Board Members and Trustees

NameTitle
Jody BrooksPresident
Anasha CummingsBoard Member
Aneesa WaheedBoard Member
Carleen PallanteBoard Member
Eddie WhitakerBoard Member
Heidi SicariBoard Member
Jamie MagurBoard Member
Jeff MirelBoard Member
Jinah KimBoard Member
Kate BetterBoard Member
Kate ManleyBoard Member
Lauren Hittinger HodgsonBoard Member
Marie GavazziBoard Member
Matt CallahanBoard Member
Monica KurzejeskiBoard Member
Alisha RogersSecretary
Dave GardellTreasurer
Dan FramentVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$69,731
Program Service Revenue
$126,655
Investment Income
$0
Other Revenue
$92,722
All Other Contributions
$69,731
Change in Net Assets
$87,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,108
Revenue Not Reported on Form 990
$180,310
Total Revenue per Audited Statements
$469,418
Total Revenue per Form 990
$289,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$114,409
Other Expenses$86,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,500$27,500-$55,000
Other Salaries and Wages$17,481$26,223-$43,704
Occupancy-$23,524-$23,524
Fees for Services Accounting-$16,579-$16,579
Office Expenses$3,130$9,963-$13,093
Payroll Taxes$4,239$5,166-$9,405
Insurance$2,526$5,930-$8,456
Other Employee Benefits-$6,300-$6,300
Advertising-$5,896-$5,896
Fees for Services Other-$2,995-$2,995
Travel-$686-$686
Other Expenses$977$107-$107
Total Functional Expenses$55,944$145,456$0$201,400

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$381,710
Expenses per Audited Statements$201,400
Total Expenses per Form 990$201,400
Expenses Not Reported on Form 990$180,310
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$258,032
Fundraising Direct Expenses$165,310
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
ROCKIN' ON THE$131,125$131,125$53,953$77,172
Other Events$73,330$73,330$43,182$30,148
Total Events$258,032$258,032$165,310$92,722
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$1,931
Paid Family Leave$66
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
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

The form 990 is prepared by an outside accounting firm. A copy of the form 990 is reviewed by the board prior to filing with the irs.

Form 990, Page 6, Part VI, Line 15A

Compensation process for top official executive director compensation is approved by the board.

Form 990, Page 6, Part VI, Line 19

Documents are available for review on request.

Filing and Contact Details

Filer

Filer Name
District Management Assoc Downtown
EIN
27-3638583
Phone
5182797997
Address
251 RIVER STREET, TROY, NY 12180

Signing Officer

Name
Jody Brooks
Title
President
Phone
5182797997
Signed
2018-11-13

Organization Details

Principal Officer
Katie Hammon
Formed
2010
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
19
Employees
9

Preparer

Firm
Dalle Accounting and Cash Management Inc
Address
1400 SECOND AVE, WATERVLIET, NY 12189
Preparer
Daniel Lortie CPA
Phone
5182709243
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Event expenses 165,310 event expenses -165,310

Financial Statement Notes

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

EVENT EXPENSES 165,310

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

EVENT EXPENSES 165,310

Schedule D, Page 4, Part XIII

The organization is an exempt organization for federal income tax purposes under section 501(c)(3) of the internal revenue code. Under accounting standards codification (asc) section, 740, the tax status of tax-exempt entities is an uncertain tax position, since events could potentially occur that jeopardize their tax-exempt status. Management of the organization is not aware of any events that could jeopardize their tax-exempt status. Therefore, no liability or provision for income tax has been reflected in the financial statements. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. In addition, the organization qualifies for the charitable deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2).

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
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IRS990/FormationYr02010
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IRS990/MissionDesc0SEE SCHEDULE O
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05166
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IRS990/PrincipalOfficerNm0KATIE HAMMON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ASSESSMENTS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13770
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IRS990/ReconcilationRevenueExpnssAmt087708
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt069731
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0115238
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt091050
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0248505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0211174
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0172423
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01073237
IRS990ScheduleA/TotalSupportAmt01085916
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt012679
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt012679
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IRS990ScheduleD/DonatedServicesUseFcltsAmt015000
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM FOUNDATION
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAID FAMILY LEAVE
IRS990ScheduleD/OtherRevenueAmt0165310
IRS990ScheduleD/RevenueNotReportedAmt0180310
IRS990ScheduleD/RevenueSubtotalAmt0289108
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EVENT EXPENSES 165,310
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EVENT EXPENSES 165,310
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS AN EXEMPT ORGANIZATION FOR FEDERAL INCOME TAX PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION, 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT OF THE ORGANIZATION IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE THEIR TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2).
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
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IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt01787
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt05618
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ROCKIN' ON THE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OTHER EVENTS
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt073330
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt053577
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt092722
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt053953
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt043182
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt010
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A COPY OF THE FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION PROCESS FOR TOP OFFICIAL EXECUTIVE DIRECTOR COMPENSATION IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR REVIEW ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVENT EXPENSES 165,310 EVENT EXPENSES -165,310
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.09$0.36$3.10$4.12$1.02
2023Detailed filing. Detailed filing data is available for this year.$1.85$0.47$1.38$2.34$3.72$1.38
2022Detailed filing. Detailed filing data is available for this year.$3.02$0.25$2.76$2.61$3.24$0.63
2021Detailed filing. Detailed filing data is available for this year.$3.46$0.06$3.40$3.05$2.32$0.73
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.06$2.67$2.20$2.66$0.46
2019Detailed filing. Detailed filing data is available for this year.$3.34$0.21$3.13$3.30$3.13$0.17
2018Detailed filing. Detailed filing data is available for this year.$3.08$0.11$2.97$2.56$2.01$0.56
2017Detailed filing. Detailed filing data is available for this year.$2.50$0.09$2.41$2.89$2.01$0.88
2016Detailed filing. Detailed filing data is available for this year.$1.64$0.11$1.53$2.83$2.08$0.75
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.04$0.78$2.89$2.15$0.74
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.22$0.03$1.60$1.75$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.31$0.13$0.18$1.80$1.71$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.07$0.08$1.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.21$0.32$1.37