Civic Intelligence

Delta Zeta Foundation

990 • Fiscal year 2019 • EIN 31-0940640

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

202 East Church StreetOxford, OH 45056

(513) 523-7597

Siviq Scores

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

Liabilities / Assets

37th percentile

0.10x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.54x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

88th percentile

40%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

51st percentile

4.0%

Faster asset growth than 51% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

6.5%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$15,026,824

Up $572,677 (+4.0%) from 2018

Net Assets

Up

$13,596,671

Up $1,439,276 (+12%) from 2018

Liabilities

Down

$1,430,153

Down $866,599 (-38%) from 2018

Revenue

Up

$2,653,451

Up $160,830 (+6.5%) from 2018

Expenses

Up

$1,585,181

Up $91,741 (+6.1%) from 2018

Net Income

Up

$1,068,270

Up $69,089 (+6.9%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $10,241,685Liabilities 2011: $738,466Net Assets 2011: $9,503,2192011Assets 2012: $10,073,329Liabilities 2012: $740,157Net Assets 2012: $9,333,1722012Assets 2013: $10,848,674Liabilities 2013: $746,776Net Assets 2013: $10,101,8982013Assets 2014: $12,559,817Liabilities 2014: $954,981Net Assets 2014: $11,604,8362014Assets 2015: $12,861,050Liabilities 2015: $4,945,227Net Assets 2015: $7,915,8232015Assets 2016: $13,456,516Liabilities 2016: $4,283,776Net Assets 2016: $9,172,7402016Assets 2017: $13,951,002Liabilities 2017: $3,177,354Net Assets 2017: $10,773,6482017Assets 2018: $14,454,147Liabilities 2018: $2,296,752Net Assets 2018: $12,157,3952018Assets 2019: $15,026,824Liabilities 2019: $1,430,153Net Assets 2019: $13,596,6712019Assets 2020: $14,958,772Liabilities 2020: $519,765Net Assets 2020: $14,439,0072020Assets 2021: $19,032,557Liabilities 2021: $757,374Net Assets 2021: $18,275,1832021Assets 2022: $16,389,397Liabilities 2022: $611,990Net Assets 2022: $15,777,4072022Assets 2023: $17,328,530Liabilities 2023: $676,912Net Assets 2023: $16,651,6182023Assets 2024: $18,597,455Liabilities 2024: $697,295Net Assets 2024: $17,900,1602024Assets 2025: $20,047,838Liabilities 2025: $631,357Net Assets 2025: $19,416,4812025

Highlighted filing

2019

Assets$15,026,824
Liabilities$1,430,153
Net Assets$13,596,671

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $937,2182011Expenses 2012: $1,076,0962012Expenses 2013: $1,201,4682013Revenue 2014: $2,101,505Expenses 2014: $1,455,094Net Income 2014: $646,4112014Revenue 2015: $2,357,418Expenses 2015: $5,893,039Net Income 2015: -$3,535,6212015Revenue 2016: $2,860,234Expenses 2016: $1,309,567Net Income 2016: $1,550,6672016Revenue 2017: $2,151,316Expenses 2017: $1,580,403Net Income 2017: $570,9132017Revenue 2018: $2,492,621Expenses 2018: $1,493,440Net Income 2018: $999,1812018Revenue 2019: $2,653,451Expenses 2019: $1,585,181Net Income 2019: $1,068,2702019Revenue 2020: $2,366,779Expenses 2020: $1,293,976Net Income 2020: $1,072,8032020Revenue 2021: $3,226,202Expenses 2021: $2,001,236Net Income 2021: $1,224,9662021Revenue 2022: $3,220,126Expenses 2022: $2,474,364Net Income 2022: $745,7622022Revenue 2023: $2,589,292Expenses 2023: $2,635,069Net Income 2023: -$45,7772023Revenue 2024: $2,843,260Expenses 2024: $2,614,123Net Income 2024: $229,1372024Revenue 2025: $3,511,267Expenses 2025: $2,797,110Net Income 2025: $714,1572025

Highlighted filing

2019

Revenue$2,653,451
Expenses$1,585,181
Net Income$1,068,270
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.1
Gross Receipts
$3,280,990
Mission and Program Overview

Mission

To advance delta zeta sorority's educational and philanthropic purposes through the development of financial and human resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,377,510$13,161,736▲ $784,226
Land, Buildings, and Equipment, Net$1,239,435$1,145,158▼ $94,277
Cash and Non-Interest-Bearing Accounts$388,700$387,791▼ $909
Pledges and Grants Receivable$179,887$79,451▼ $100,436
Accounts Receivable$40,450$25,701▼ $14,749
Prepaid Expenses and Deferred Charges$21,882$12,419▼ $9,463
Inventories for Sale or Use$1,040$1,037▼ $3
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,454,147$15,026,824▲ $572,677
Other Assets Total$205,243$213,531▲ $8,288
Liabilities
Accounts Payable and Accrued Expenses$2,296,752$1,430,153▼ $866,599
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,296,752$1,430,153▼ $866,599
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,227,461$7,720,593▲ $493,132
Permanently Rstr Net Assets$3,802,894$3,806,894▲ $4,000
Unrestricted Net Assets$1,127,040$2,069,184▲ $942,144
Total Net Assets Fund Balance$12,157,395$13,596,671▲ $1,439,276
Total Liabilities and Net Assets / Fund Balance$14,454,147$15,026,824▲ $572,677

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$966,124$1,271,063$2,237,187
Equipment$55,177$318,570$373,747
Other Land Buildings$23,857$130,650$154,507
Land$100,000-$100,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$7,201,340$4,000▲ $401,233-$7,416,658
2017$6,924,062$7,300▲ $494,250-$7,201,340
2016$6,720,805-▲ $448,200-$6,924,062
2015$6,835,119$23,007▲ $47,698-$6,720,805
2014$6,868,890$7,140▲ $236,526$277,437$6,835,119
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,945,312
Program Service Revenue
$0
Investment Income
$603,578
Other Revenue
$104,561
All Other Contributions
$1,915,804
Change in Net Assets
$1,068,270

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$43,277Fair Market Value (FMV)
Total Noncash Contributions3$43,277-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,629,579
Revenue Not Reported on Financial Statements
$23,872
Revenue Not Reported on Form 990
$371,006
Other Revenue Adjustments
$-5,236
Total Revenue per Audited Statements
$3,000,585
Total Revenue per Form 990
$2,653,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$861,202
Other Expenses$595,325
Total Fundraising Expense$323,542
Professional Fundraising Fees$128,654
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$629,202--$629,202
Grants to Domestic Individuals$232,000--$232,000
Fees for Services Professional Fundraising--$128,654$128,654
Depreciation Depletion$11,133$89,071$11,134$111,338
Conferences and Meetings$23,872$47,744$23,871$95,487
Fees for Services Other-$34,265-$34,265
Fees for Service Investment Mgmnt Fees-$29,108-$29,108
Fees for Services Accounting-$23,100-$23,100
Office Expenses$1,392$2,784$6,222$10,398
Other Expenses$296$5,320$7,905$7,905
Occupancy$1,339$4,754$1,338$7,431
Insurance$242$4,356$242$4,840
All Other Expenses-$1,635-$1,635
Total Functional Expenses$960,642$300,997$323,542$1,585,181

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,585,181
Total Expenses per Audited Statements$1,561,309
Expenses per Audited Statements$1,556,070
Expenses Not Reported on Financial Statements$29,111
Expenses Not Reported on Form 990$5,239
Other Expense Adjustments$3
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Starkey Hearing FoundationEden Prairie, MN501(c)(3)General Needs$248,747
Delta Zeta SororityOxford, OH501(c)(7)Education and Training Program$200,000
Painted Turtle FoundationSanta Monica, CA501(c)(3)Service$150,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$128,654
Fundraising Direct Expenses$5,239
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Phone-a-thon$29,508-$5,239-
Total Events$29,508-$5,239$-5,239
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No

Governance Explanations

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

Review of the form 990 the organization engages an outside accounting firm to prepare its form 990. Once prepared, the form 990 is reviewed by the controller, chief financial officer, executive director, and foundation trustees before it is signed and filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy the board of trustees for the foundation is responsible for the written conflict of interest policy and monitors adherence to the policy. The foundation avoids hiring personnel who could potentially cause conflicts of interest.

Form 990, Part VI, Section B, Line 15A & 15B

Process for determining compensation no compensation is paid to the officers of the delta zeta foundation.

Form 990, Part VI, Section C, Line 19

Governing documents the delta zeta foundation does not make its written conflict of interest policy nor its financial statements and governing documents open to public inspection.

Filing and Contact Details

Filer

Filer Name
Delta Zeta Foundation
EIN
31-0940640
In Care Of
% JOHN J GOTTSCHALL
Phone
5135237597
Address
202 EAST CHURCH STREET, OXFORD, OH 45056

Signing Officer

Name
Cynthia W Menges
Title
Executive Director
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Spurgeon
Formed
1978
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Bkd Llp
Address
312 WALNUT STREET SUITE 3000, CINCINNATI, OH 45202
Preparer
Aaron Hershberger
Phone
5136218300
Supplemental Narrative

Financial Statement Notes

Part III, Line 4

Museum collections the collections, which were acquired through purchases and contributions since the foundation's inception, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from sales are reflected as increases in the appropriate net asset classes and are used to acquire other collection items. The museum's collections consist of furniture, art objects, and sorority memorabilia that are held for educational and archival purposes. Each of the items is cataloged, preserved, and cared for and activities verifying their existence and assessing their condition are performed continuously.

Part V, Line 4

Endowment funds the endowment funds represent contributions for which the donor has stipulated, as a condition of the gift, that the principal be maintained intact and only the investment income (or portions thereof) of the funds be expelled as the donor has specified, principally for scholarships and student financial aid.

PART XI, LINE 4B

Other changes fundraising expenses $(5,239). Rounding 3. Total $(5,236).

Part XII, Line 2D

Other changes fundraising expenses $5,239.

Part XII, Line 4B

Other changes rounding $3.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT-MUSEUM
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0109800
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IRS990/OfficeExpensesGrp/FundraisingAmt06222
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02784
IRS990/OfficeExpensesGrp/ProgramServicesAmt01392
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IRS990/OtherExpensesGrp/Desc0Curator
IRS990/OtherExpensesGrp/Desc1Administrative Costs
IRS990/OtherExpensesGrp/Desc2Real Estate Taxes
IRS990/OtherExpensesGrp/Desc3Donor Recognition
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IRS990/OtherExpensesGrp/FundraisingAmt1296
IRS990/OtherExpensesGrp/FundraisingAmt27905
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IRS990/OtherExpensesGrp/ProgramServicesAmt158860
IRS990/OtherExpensesGrp/ProgramServicesAmt2296
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03802894
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03806894
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IRS990/PYContributionsGrantsAmt01868574
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IRS990/PYGrantsAndSimilarPaidAmt0789744
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/ReconcilationRevenueExpnssAmt01068270
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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IRS990/ReportInvestmentsOtherSecInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01602749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02387226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01765649
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0587600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0468049
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0519563
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0478569
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.77721
IRS990ScheduleA/PublicSupportTotal170Amt09569510
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01945312
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01868574
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01602749
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09569510
IRS990ScheduleA/TotalSupportAmt012243657
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/BoardDesignatedBalanceEOYPct00.00120
IRS990ScheduleD/BuildingsGrp/BookValueAmt0966124
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01271063
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02237187
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07201340
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07416658
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0189915
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0401233

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.0$0.63$19.4$3.51$2.80$0.71
2024Detailed filing. Detailed filing data is available for this year.$18.6$0.70$17.9$2.84$2.61$0.23
2023Detailed filing. Detailed filing data is available for this year.$17.3$0.68$16.7$2.59$2.64$0.05
2022Detailed filing. Detailed filing data is available for this year.$16.4$0.61$15.8$3.22$2.47$0.75
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$0.76$18.3$3.23$2.00$1.22
2020Detailed filing. Detailed filing data is available for this year.$15.0$0.52$14.4$2.37$1.29$1.07
2019Detailed filing. Detailed filing data is available for this year.$15.0$1.43$13.6$2.65$1.59$1.07
2018Detailed filing. Detailed filing data is available for this year.$14.5$2.30$12.2$2.49$1.49$1.00
2017Detailed filing. Detailed filing data is available for this year.$14.0$3.18$10.8$2.15$1.58$0.57
2016Detailed filing. Detailed filing data is available for this year.$13.5$4.28$9.17$2.86$1.31$1.55
2015Detailed filing. Detailed filing data is available for this year.$12.9$4.95$7.92$2.36$5.89$3.54
2014Detailed filing. Detailed filing data is available for this year.$12.6$0.95$11.6$2.10$1.46$0.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$0.75$10.1$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.74$9.33$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.74$9.50$0.94