Civic Intelligence

Fox Valley Swim Team

990 • Fiscal year 2019 • EIN 32-0159073

Jul 01, 2018 to Jun 30, 2019 • Filed on May 11, 2020

Organization Profilewww.foxswimteam.com

View Organization Page

PO Box 9135Naperville, IL 60567

(630) 978-6300

Siviq Scores

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

Liabilities / Assets

69th percentile

0.14x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.03x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

28th percentile

-4.4%

Higher net margin than 28% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$122,153

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

6th percentile

-32%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2019

Revenue Growth

29th percentile

-6.1%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$191,070

Down $216,598 (-53%) from 2017

Net Assets

Down

$163,740

Down $243,928 (-60%) from 2017

Liabilities

Up

$27,330

Up $27,330 from 2017

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin28th percentile

Revenue

Down

$787,312

Down $106,196 (-12%) from 2017

Expenses

Down

$821,820

Down $70,365 (-7.9%) from 2017

Net Income

Down

-$34,508

Down $35,831 (-2708%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$600K$400K$200K$0Assets 2010: $322,601Liabilities 2010: $2,058Net Assets 2010: $320,5432010Assets 2011: $296,349Liabilities 2011: $0Net Assets 2011: $296,3492011Assets 2012: $345,699Liabilities 2012: $0Net Assets 2012: $345,6992012Assets 2013: $426,630Liabilities 2013: $0Net Assets 2013: $426,6302013Assets 2014: $527,346Liabilities 2014: $0Net Assets 2014: $527,3462014Assets 2015: $444,090Liabilities 2015: $0Net Assets 2015: $444,0902015Assets 2016: $406,345Liabilities 2016: $0Net Assets 2016: $406,3452016Assets 2017: $407,668Liabilities 2017: $0Net Assets 2017: $407,6682017Assets 2019: $191,070Liabilities 2019: $27,330Net Assets 2019: $163,7402019Assets 2020: $310,843Liabilities 2020: $131,069Net Assets 2020: $179,7742020Assets 2021: $321,503Liabilities 2021: $126,019Net Assets 2021: $195,4842021Assets 2022: $352,351Liabilities 2022: $53,842Net Assets 2022: $298,5092022Assets 2023: $468,484Liabilities 2023: $80,083Net Assets 2023: $388,4012023Assets 2024: $554,455Liabilities 2024: $77,677Net Assets 2024: $476,7782024

Highlighted filing

2019

Assets$191,070
Liabilities$27,330
Net Assets$163,740
Open 2019 Filing

Operations Trend

Revenue Growth29th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $445,2532010Expenses 2011: $563,9262011Expenses 2012: $605,9982012Expenses 2013: $789,3472013Revenue 2014: $886,385Expenses 2014: $785,669Net Income 2014: $100,7162014Revenue 2015: $842,924Expenses 2015: $926,180Net Income 2015: -$83,2562015Revenue 2016: $879,807Expenses 2016: $917,552Net Income 2016: -$37,7452016Revenue 2017: $893,508Expenses 2017: $892,185Net Income 2017: $1,3232017Revenue 2019: $787,312Expenses 2019: $821,820Net Income 2019: -$34,5082019Revenue 2020: $833,201Expenses 2020: $817,167Net Income 2020: $16,0342020Revenue 2021: $693,432Expenses 2021: $677,722Net Income 2021: $15,7102021Revenue 2022: $654,147Expenses 2022: $645,157Net Income 2022: $8,9902022Revenue 2023: $822,360Expenses 2023: $732,468Net Income 2023: $89,8922023Revenue 2024: $878,587Expenses 2024: $790,210Net Income 2024: $88,3772024

Highlighted filing

2019

Revenue$787,312
Expenses$821,820
Net Income-$34,508
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.1
Gross Receipts
$787,312
Mission and Program Overview

Mission

To be a nationally competitive U.S.A. swim team. To fully develop each individual's ability to realize their dream through quality year round training. To develop well rounded student athletes. To encourage team spirit, open communication and sportsmanship. To foster a life long love for the sport of swimming.

Aquatic program for children from Illinois Indian Prairie School School District 204.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$215,201$151,356▼ $63,845
Accounts Receivable-$31,710-
Prepaid Expenses and Deferred Charges-$8,004-
Total Assets$215,201$191,070▼ $24,131
Liabilities
Accounts Payable and Accrued Expenses$16,953$27,330▲ $10,377
Total Liabilities$16,953$27,330▲ $10,377
Net Assets / Fund Balance
Unrestricted Net Assets$198,248$163,740▼ $34,508
Total Net Assets Fund Balance$198,248$163,740▼ $34,508
Total Liabilities and Net Assets / Fund Balance$215,201$191,070▼ $24,131
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
David KrotiakHead CoachFT$122,153$122,153

Board Members and Trustees

NameTitle
Shannon StevensPresident
Mary Fran CiezczakVice President
Christine M PalikDirector
Patrick BoyleDirector
Ronn JeffersonDirector
Rachel AndersdonSecretary
Ann WallinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$782,992
Investment Income
$0
Other Revenue
$4,320
Change in Net Assets
$-34,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$787,312
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-60,961
Total Revenue per Audited Statements
$726,351
Total Revenue per Form 990
$787,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$503,817
Other Expenses$318,003
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,136$35,222-$344,358
Current Officers, Directors, Trustees, and Key Employees$79,157$42,623-$121,780
Occupancy$103,287--$103,287
Travel$43,236$8,668-$51,904
Payroll Taxes$31,387$6,292-$37,679
All Other Expenses$18,962$1,229-$20,191
Other Expenses$17,506$29,633-$17,506
Insurance$5,383$1,079-$6,462
Office Expenses$3,722$979-$4,701
Fees for Services Other-$3,123-$3,123
Fees for Services Accounting-$1,750-$1,750
Advertising-$613-$613
Total Functional Expenses$690,609$131,211$0$821,820

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$821,820
Expenses per Audited Statements$760,859
Total Expenses per Audited Statements$760,859
Expenses Not Reported on Financial Statements$60,961
Other Expense Adjustments$60,961
Expenses Not Reported on Form 990$0
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Membership shall consist of parents or gaurdians of swim team participants in good standing.”

Form 990, Part VI, Section A, line 7A

“Membership elects the governing body of the Organization.”

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

“The 990 was reviewed by the Board President and Treasurer and presented to the board prior to filing.”

Form 990, Part VI, Section C, line 19

“Financial statements and governing documents are discussed at the annual meeting of the Organization which is open to the general public.”

Filing and Contact Details

Filer

Filer Name
Fox Valley Swim Team
EIN
32-0159073
Phone
6309786300
Address
PO Box 9135, Naperville, IL 60567

Signing Officer

Name
Ann Wallin
Title
Treasurer
Phone
6309786300
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Stevens
Formed
2005
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
29
Volunteers
400

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
Paul Betlinski
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“FIN48 Note from Audited Financial Statements Fox Valley Swim Team was granted an exemption from federal income tax by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). Fox Valley Swim Team qualifies for the charitable contribution deduction and has been classified as an Organization that is not a private foundation under Section 509(a)(2). The taxexempt purpose of Fox Valley Swim Team and the nature in which it operates is described above. Management believes Fox Valley Swim Team operates in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. Fox Valley Swim Team has adopted the requirements for accounting for uncertain tax positions and management has determined that Fox Valley Swim Team was not required to record a liability related to uncertain tax positions as of June 30, 2019 and 2018.”

Part XI, Line 2D - Other Adjustments:

“Meet expense -60,961.”

Part XII, Line 4B - Other Adjustments:

“Meet expense 60,961.”

Raw XML Appendix397 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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IRS990/Desc0Teach children basic swimming and stroke techniques throughout the year. Enable children to participate in swim team competitions to further develop swim skills.
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0879807
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0842924
IRS990ScheduleA/Total509Grp/TotalAmt04027580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0787312
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0624029
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0893508
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0879807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0842924
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04027580
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt060961
IRS990ScheduleD/ExpensesSubtotalAmt0760859
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt060961
IRS990ScheduleD/OtherRevenueAmt0-60961
IRS990ScheduleD/RevenueNotReportedAmt0-60961
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0787312
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN48 Note from Audited Financial Statements Fox Valley Swim Team was granted an exemption from federal income tax by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). Fox Valley Swim Team qualifies for the charitable contribution deduction and has been classified as an Organization that is not a private foundation under Section 509(a)(2). The taxexempt purpose of Fox Valley Swim Team and the nature in which it operates is described above. Management believes Fox Valley Swim Team operates in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. Fox Valley Swim Team has adopted the requirements for accounting for uncertain tax positions and management has determined that Fox Valley Swim Team was not required to record a liability related to uncertain tax positions as of June 30, 2019 and 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Meet expense -60,961.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Meet expense 60,961.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0821820
IRS990ScheduleD/TotalRevenuePerForm990Amt0787312
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0726351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0760859
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership shall consist of parents or gaurdians of swim team participants in good standing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Membership elects the governing body of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 was reviewed by the Board President and Treasurer and presented to the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Financial statements and governing documents are discussed at the annual meeting of the Organization which is open to the general public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0215201
IRS990/TotalAssetsEOYAmt0191070
IRS990/TotalAssetsGrp/BOYAmt0215201
IRS990/TotalAssetsGrp/EOYAmt0191070
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0131211
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0690609
IRS990/TotalFunctionalExpensesGrp/TotalAmt0821820
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016953
IRS990/TotalLiabilitiesEOYAmt027330
IRS990/TotalLiabilitiesGrp/BOYAmt016953
IRS990/TotalLiabilitiesGrp/EOYAmt027330
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0198248
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0163740
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0690609
IRS990/TotalProgramServiceRevenueAmt0782992
IRS990/TotalReportableCompFromOrgAmt0122153
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0787312
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0787312
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0400
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0215201
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0191070
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt08668
IRS990/TravelGrp/ProgramServicesAmt043236
IRS990/TravelGrp/TotalAmt051904
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0198248
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0163740
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 9135
IRS990/USAddress/CityNm0Naperville
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060567
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.foxswimteam.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ann Wallin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06309786300
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fox Valley Swim Team
ReturnHeader/Filer/BusinessNameControlTxt0FOXV
ReturnHeader/Filer/EIN0320159073
ReturnHeader/Filer/PhoneNum06309786300
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 9135
ReturnHeader/Filer/USAddress/CityNm0Naperville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060567
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId034045DEDB122D6F5D579345BE5802519F948FBCC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.227.10.84
ReturnHeader/FilingSecurityInformation/IPDt02020-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:29:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363321958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Desmond & Ahern Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010827 S Western Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060643
ReturnHeader/PreparerPersonGrp/PhoneNum07737794720
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Paul Betlinski
ReturnHeader/ReturnTs02020-05-11T09:04:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$191,070
Liabilities
$27,330
Net assets
$163,740
Revenue
$787,312
Expenses
$821,820
Net income
-$34,508
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.54$0.78$4.77$8.79$7.90$0.88
2023Detailed filing. Detailed filing data is available for this year.$4.68$0.80$3.88$8.22$7.32$0.90
2022Detailed filing. Detailed filing data is available for this year.$3.52$0.54$2.99$6.54$6.45$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$1.26$1.95$6.93$6.78$0.16
2020Detailed filing. Detailed filing data is available for this year.$3.11$1.31$1.80$8.33$8.17$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.91$0.27$1.64$7.87$8.22$0.35
2017Detailed filing. Detailed filing data is available for this year.$4.08$0.00$4.08$8.94$8.92$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$8.80$9.18$0.38
2015Detailed filing. Detailed filing data is available for this year.$4.44$0.00$4.44$8.43$9.26$0.83
2014Detailed filing. Detailed filing data is available for this year.$5.27$0.00$5.27$8.86$7.86$1.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$0.00$4.27$7.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.00$3.46$6.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.00$2.96$5.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.02$3.21$4.45