Civic Intelligence

Clark Technical College Scholarship Foundation

990 • Fiscal year 2017 • EIN 31-0937036

Jul 01, 2016 to Jun 30, 2017 • Filed on May 04, 2018

570 E Leffel LaneSpringfield, OH 45505

(937) 328-6006

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.13x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$230,909

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

102%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$20,213,468

Up $2,089,250 (+12%) from 2016

Net Assets

Up

$19,988,476

Up $1,873,360 (+10%) from 2016

Liabilities

Up

$224,992

Up $215,890 (+2372%) from 2016

Revenue

Up

$1,686,130

Up $853,094 (+102%) from 2016

Expenses

Up

$1,206,787

Up $373,964 (+45%) from 2016

Net Income

Up

$479,343

Up $479,130 (+224944%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $15,164,940Liabilities 2010: $3,481Net Assets 2010: $15,161,4592010Assets 2011: $16,266,887Liabilities 2011: $4,618Net Assets 2011: $16,262,2692011Assets 2012: $14,948,538Liabilities 2012: $172,180Net Assets 2012: $14,776,3582012Assets 2013: $16,211,871Liabilities 2013: $41,430Net Assets 2013: $16,170,4412013Assets 2014: $18,190,464Liabilities 2014: $5,377Net Assets 2014: $18,185,0872014Assets 2015: $18,359,511Liabilities 2015: $1,403Net Assets 2015: $18,358,1082015Assets 2016: $18,124,218Liabilities 2016: $9,102Net Assets 2016: $18,115,1162016Assets 2017: $20,213,468Liabilities 2017: $224,992Net Assets 2017: $19,988,4762017Assets 2018: $21,447,358Liabilities 2018: $8,346Net Assets 2018: $21,439,0122018Assets 2020: $22,715,110Liabilities 2020: $17,686Net Assets 2020: $22,697,4242020Assets 2021: $27,530,176Liabilities 2021: $9,097Net Assets 2021: $27,521,0792021Assets 2022: $26,506,282Liabilities 2022: $61,956Net Assets 2022: $26,444,3262022Assets 2023: $27,393,467Liabilities 2023: $4,935Net Assets 2023: $27,388,5322023Assets 2024: $30,213,121Liabilities 2024: $188,082Net Assets 2024: $30,025,0392024

Highlighted filing

2017

Assets$20,213,468
Liabilities$224,992
Net Assets$19,988,476

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,188,5242010Expenses 2011: $2,217,9692011Expenses 2012: $2,286,7952012Expenses 2013: $876,6282013Revenue 2014: $881,280Expenses 2014: $779,510Net Income 2014: $101,7702014Revenue 2015: $952,722Expenses 2015: $959,886Net Income 2015: -$7,1642015Revenue 2016: $833,036Expenses 2016: $832,823Net Income 2016: $2132016Revenue 2017: $1,686,130Expenses 2017: $1,206,787Net Income 2017: $479,3432017Revenue 2018: $1,446,794Expenses 2018: $913,472Net Income 2018: $533,3222018Revenue 2020: $723,489Expenses 2020: $883,519Net Income 2020: -$160,0302020Revenue 2021: $851,205Expenses 2021: $698,068Net Income 2021: $153,1372021Revenue 2022: $14,057,417Expenses 2022: $699,506Net Income 2022: $13,357,9112022Revenue 2023: $1,184,680Expenses 2023: $1,089,289Net Income 2023: $95,3912023Revenue 2024: $1,526,554Expenses 2024: $1,377,820Net Income 2024: $148,7342024

Highlighted filing

2017

Revenue$1,686,130
Expenses$1,206,787
Net Income$479,343
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 4, 2018
Return Version
2016v3.0
Gross Receipts
$1,686,130
Mission and Program Overview

Mission

The clark state foundation creates and maintains community awareness, and partners with donors to receive, manage and disburse gifts that initiate and support educational and cultural programs for clark state community college and its constituents.

To accept gifts in support of the clark state community college and to assist its students. The foundation aids and promotes education at clark state and provides scholarships and loans to its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,423,782$18,236,093▲ $1,812,311
Pledges and Grants Receivable$1,383,583$1,627,034▲ $243,451
Savings and Temporary Cash Investments$175,193$231,898▲ $56,705
Accounts Receivable$138,754$108,677▼ $30,077
Prepaid Expenses and Deferred Charges$534$7,065▲ $6,531
Cash and Non-Interest-Bearing Accounts$2,372$2,701▲ $329
Total Assets$18,124,218$20,213,468▲ $2,089,250
Liabilities
Accounts Payable and Accrued Expenses$9,102$224,992▲ $215,890
Total Liabilities$9,102$224,992▲ $215,890
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,554,010$9,978,253▲ $1,424,243
Permanently Rstr Net Assets$9,069,753$9,559,159▲ $489,406
Unrestricted Net Assets$491,353$451,064▼ $40,289
Total Net Assets Fund Balance$18,115,116$19,988,476▲ $1,873,360
Total Liabilities and Net Assets / Fund Balance$18,124,218$20,213,468▲ $2,089,250

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$18,236,093--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$15,688,483$490,006▲ $1,790,773$152,852$17,761,491
2015$15,813,632$92,279▲ $182,877$348,343$15,688,483
2014$15,482,226$103,325▲ $587,101$304,395$15,813,632
2013$13,386,776$260,798▲ $2,214,686$331,576$15,482,226
2012$11,899,130$264,485▲ $1,585,216$318,466$13,386,776
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joseph JacksonVP of College-$133,775$133,775
Kristin CulpEXECUTIVE DIRECTOR - OldFT$79,611$79,611
Catie MaherExECUTIVE DIRECTOR - NEWFT$49,685$49,685

Board Members and Trustees

NameTitle
Steve NeelyDIRECTOR - Chair
Mark R ElliotDIRECTOR - Past Chair
Dr Jo BlondinPresident of College
Don LynamDIRECTOR - Vice Chair
Andy BellDirector
Bill BrougherDirector
Carah BirchDirector
Denise AntrobusDirector
Jo Ann RiganoDiRECTOR
John RaisbeckDirector
Kay ShellDirector
Mitch HurstDirector
Nettie Carter-SmithDireCTOR
Patrick RastatterDirector
Patti PhillipsDirector
Robert HillDirector
Sharon DoyleDirector
Sue EvansDirector
Sunny DhingraDirector
Teresa DemanaDirector
Terry HowellDirector
Phil TeusinkDirECTOR - Secretary-treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,217,923
Program Service Revenue
$0
Investment Income
$439,165
Other Revenue
$29,042
All Other Contributions
$1,217,923
Change in Net Assets
$479,343

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,686,130
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,394,017
Total Revenue per Audited Statements
$3,080,147
Total Revenue per Form 990
$1,686,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$578,681
Grants and Similar Amounts Paid$528,430
Total Fundraising Expense$177,577
Salaries, Compensation, and Employee Benefits$99,676
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$295,714--$295,714
Grants to Domestic Individuals$232,716--$232,716
Fees for Services Other$22,200$9,200$177,577$208,977
Other Salaries and Wages$39,977$31,606-$71,583
Conferences and Meetings$19,853$4,172-$24,025
Office Expenses$12,599$6,680-$19,279
Other Employee Benefits$11,365$6,325-$17,690
Other Expenses$12,307$4,105-$12,307
Pension Plan Contributions$5,597$3,865-$9,462
Advertising-$7,043-$7,043
Information Technology-$3,194-$3,194
Payroll Taxes$557$384-$941
Travel-$380-$380
Total Functional Expenses$952,256$76,954$177,577$1,206,787

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,206,787
Total Expenses per Audited Statements$1,206,787
Total Expenses per Form 990$1,206,787
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Clark State Community CollegeSpringfield, OH170(c)(1)Funds Raised on Behalf of Clark State Community College.$295,714
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The 990 is reviewed by the finance/audit committee and made available to the board before submission.

Form 990, Part VI, Section B, line 15A

The foundation follows the compensation policies of clark state community college. The compensation of the executive director is determined by the board of directors. Their decisions are documented in a written evaluation and is presented to the executive director every year. The salary of the executive director is compared to the salary ranges of other community colleges in the area for the similar position. Additionally, a cost of living adjustment is given to the executive director.

Form 990, Part VI, Section C, line 19

The governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Clark State Community College Foundation
EIN
31-0937036
Phone
9373286006
Address
570 E LEFFEL LANE, SPRINGFIELD, OH 45505

Signing Officer

Name
Stephen Neely
Title
Board Chair
Phone
9373286006
Signed
2018-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Jo Blondin
Formed
1968
Legal Domicile
Oh
Voting Board Members
21
Independent Board Members
21
Employees
6
Volunteers
33

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 East Main Street Suite 500, Springfield, OH 45502
Preparer
Matthew Shroyer
Phone
9373992000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

OTHER: Program service expenses 22,200. Management and general expenses 9,200. Fundraising expenses 177,577. Total expenses 208,977.

Financial Statement Notes

Part V, Line 4:

The intended use of the organization's endowment funds are for scholarships, operations and facility upkeep of the performing arts center, technology and retention activities.

Part X, Line 2:

The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Foundation's tax exempt purpose is subject to taxation as unrelated business income. The Foundation's reporting returns are subject to audit by federal and state taxing authorities. No income tax provision has been included in the financial statements as the Foundation has determined it does not have unrelated business income subject to taxation.

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IRS990/ActivityOrMissionDesc0TO ACCEPT GIFTS IN SUPPORT OF THE CLARK STATE COMMUNITY COLLEGE AND TO ASSIST ITS STUDENTS. THE FOUNDATION AIDS AND PROMOTES EDUCATION AT CLARK STATE AND PROVIDES SCHOLARSHIPS AND LOANS TO ITS STUDENTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Don Lynam
IRS990/Form990PartVIISectionAGrp/PersonNm2PHIL TEUSINK
IRS990/Form990PartVIISectionAGrp/PersonNm3Mark R Elliot
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IRS990/Form990PartVIISectionAGrp/PersonNm5Robert Hill
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IRS990/Form990PartVIISectionAGrp/PersonNm12Patti Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm13Andy Bell
IRS990/Form990PartVIISectionAGrp/PersonNm14TERRY HOWELL
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2449685
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR - Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR - Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2DirECTOR - Secretary-treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR - Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DiRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DireCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21PRESIDENT OF COLLEGE
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR - Old
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP OF COLLEGE
IRS990/Form990PartVIISectionAGrp/TitleTxt24ExECUTIVE DIRECTOR - NEW
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IRS990/FormationYr01968
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt0295714
IRS990/GrantsToIndividualsInd01
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IRS990/GrossReceiptsAmt01686130
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03194
IRS990/InformationTechnologyGrp/TotalAmt03194
IRS990/InvestmentIncomeGrp/ExclusionAmt0439165
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0439165
IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentCnt012
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IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Clark State Foundation creates and maintains community awareness, and partners with donors to receive, manage and disburse gifts that initiate and support educational and cultural programs for Clark State Community College and its constituents.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt018115116
IRS990/NetAssetsOrFundBalancesEOYAmt019988476
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01394017
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06680
IRS990/OfficeExpensesGrp/ProgramServicesAmt012599
IRS990/OfficeExpensesGrp/TotalAmt019279
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06325
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011365
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017690
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2CONSESSIONS - CIRCLE OF
IRS990/OtherExpensesGrp/Desc3CHAMPION CITY STUDENT E
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04105
IRS990/OtherExpensesGrp/ProgramServicesAmt0178947
IRS990/OtherExpensesGrp/ProgramServicesAmt186706
IRS990/OtherExpensesGrp/ProgramServicesAmt233718
IRS990/OtherExpensesGrp/ProgramServicesAmt312307
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IRS990/OtherExpensesGrp/TotalAmt186706
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
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IRS990/OtherRevenueTotalAmt029042
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt031606
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PrincipalOfficerNm0Dr Jo Blondin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships and Loans - Clark State's tuition is one of the lowest in the region at approximately $3,000 per year for full-time students. However, this is still out of reach for many students. Each year, the Foundation awards approximately $200,000 in student assistance to around 200 students. Gifts to the scholarship fund can help transform lives through the power of education and provide our community with various professionals. An investment in our students is an excellent investment in clark county's economic development, as 85% of Clark State graduates stay in our community. In addition to scholarships, the Foundation also makes short-term loans for tuition and books to students who are awaiting financial aid.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0232716
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt029042
IRS990/ProgSrvcAccomActy3Grp/Desc0Performing Arts Center (PAC) - The Clark State Foundation supports Clark State PAC facilities, programs and education outreach. The PAC serves as a performance home for the College's own season of events, as well as for six area resident art groups. The PAC promotes excellence in learning through teacher training workshops, artist residencies, and community/school partnerships. Last year teachers who were instructed in these programs applied what they learned in teaching almost 90,000 children. The PAC also presents live performances to around 5,000 young people each year.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0423826
IRS990/ProgSrvcAccomActyOtherGrp/Desc0General Support of Clark State Community College
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0231898
IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0407751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0545093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0536156
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0610989
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03317912
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0439165

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.2$0.19$30.0$1.53$1.38$0.15
2023Detailed filing. Detailed filing data is available for this year.$27.4$0.00$27.4$1.18$1.09$0.10
2022Detailed filing. Detailed filing data is available for this year.$26.5$0.06$26.4$14.1$0.70$13.4
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.5$0.01$27.5$0.85$0.70$0.15
2020Detailed filing. Detailed filing data is available for this year.$22.7$0.02$22.7$0.72$0.88$0.16
2018Detailed filing. Detailed filing data is available for this year.$21.4$0.01$21.4$1.45$0.91$0.53
2017Detailed filing. Detailed filing data is available for this year.$20.2$0.22$20.0$1.69$1.21$0.48
2016Detailed filing. Detailed filing data is available for this year.$18.1$0.01$18.1$0.83$0.83$0.00
2015Detailed filing. Detailed filing data is available for this year.$18.4$0.00$18.4$0.95$0.96$0.01
2014Detailed filing. Detailed filing data is available for this year.$18.2$0.01$18.2$0.88$0.78$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$0.04$16.2$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$0.17$14.8$2.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.00$16.3$2.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$0.00$15.2$1.19