Civic Intelligence

Indianapolis Asbestos Workers Joint Apprenticeship Training Trust Fund

990 • Fiscal year 2020 • EIN 35-1892455

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

1220 E Epler AvenueIndianapolis, IN 46227

(317) 786-3216

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.08x

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

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.24x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Net Margin

90th percentile

33%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

35th percentile

$53,195

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

4.4%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,132,915

Up $115,832 (+11%) from 2019

Net Assets

Up

$1,042,843

Up $123,402 (+13%) from 2019

Liabilities

Down

$90,072

Down $7,570 (-7.8%) from 2019

Revenue

Up

$372,662

Up $15,555 (+4.4%) from 2019

Expenses

Down

$249,260

Down $28,495 (-10%) from 2019

Net Income

Up

$123,402

Up $44,050 (+56%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $294,360Liabilities 2011: $0Net Assets 2011: $294,3602011Assets 2012: $366,660Liabilities 2012: $0Net Assets 2012: $366,6602012Assets 2013: $457,754Liabilities 2013: $0Net Assets 2013: $457,7542013Assets 2014: $529,417Liabilities 2014: $1,838Net Assets 2014: $527,5792014Assets 2015: $583,704Liabilities 2015: $1,767Net Assets 2015: $581,9372015Assets 2016: $614,262Liabilities 2016: $1,744Net Assets 2016: $612,5182016Assets 2017: $848,323Liabilities 2017: $123,876Net Assets 2017: $724,4472017Assets 2018: $950,139Liabilities 2018: $110,050Net Assets 2018: $840,0892018Assets 2019: $1,017,083Liabilities 2019: $97,642Net Assets 2019: $919,4412019Assets 2020: $1,132,915Liabilities 2020: $90,072Net Assets 2020: $1,042,8432020Assets 2021: $1,217,959Liabilities 2021: $71,605Net Assets 2021: $1,146,3542021Assets 2022: $1,276,847Liabilities 2022: $57,914Net Assets 2022: $1,218,9332022Assets 2023: $2,497,786Liabilities 2023: $1,219,232Net Assets 2023: $1,278,5542023Assets 2024: $2,543,830Liabilities 2024: $1,148,381Net Assets 2024: $1,395,4492024

Highlighted filing

2020

Assets$1,132,915
Liabilities$90,072
Net Assets$1,042,843

Operations Trend

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

$800K$600K$400K$200K$0Expenses 2011: $212,5892011Expenses 2012: $197,6392012Revenue 2013: $330,224Expenses 2013: $239,130Net Income 2013: $91,0942013Revenue 2014: $317,527Expenses 2014: $246,006Net Income 2014: $71,5212014Revenue 2015: $290,477Expenses 2015: $246,138Net Income 2015: $44,3392015Revenue 2016: $241,559Expenses 2016: $210,978Net Income 2016: $30,5812016Revenue 2017: $329,746Expenses 2017: $217,817Net Income 2017: $111,9292017Revenue 2018: $339,303Expenses 2018: $223,661Net Income 2018: $115,6422018Revenue 2019: $357,107Expenses 2019: $277,755Net Income 2019: $79,3522019Revenue 2020: $372,662Expenses 2020: $249,260Net Income 2020: $123,4022020Revenue 2021: $393,138Expenses 2021: $289,627Net Income 2021: $103,5112021Revenue 2022: $359,882Expenses 2022: $287,304Net Income 2022: $72,5782022Revenue 2023: $341,505Expenses 2023: $281,884Net Income 2023: $59,6212023Revenue 2024: $627,848Expenses 2024: $510,953Net Income 2024: $116,8952024

Highlighted filing

2020

Revenue$372,662
Expenses$249,260
Net Income$123,402
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.0
Gross Receipts
$372,662
Mission and Program Overview

Mission

To educate and prepare apprentices to perform all aspects

To educate and prepare apprentices to perform all aspects of the work required in the industry with the goal of making each apprentice a highly skilled journeyman in the insulation industry upon satisfactory completion of the 4 year program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$720,588$733,918▲ $13,330
Land, Buildings, and Equipment, Net$197,729$206,416▲ $8,687
Cash and Non-Interest-Bearing Accounts$98,766$192,581▲ $93,815
Total Assets$1,017,083$1,132,915▲ $115,832
Liabilities
Other Liabilities$94,932$82,533▼ $12,399
Accounts Payable and Accrued Expenses$2,710$7,539▲ $4,829
Total Liabilities$97,642$90,072▼ $7,570
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$919,441$1,042,843▲ $123,402
Total Net Assets Fund Balance$919,441$1,042,843▲ $123,402
Total Liabilities and Net Assets / Fund Balance$1,017,083$1,132,915▲ $115,832

Asset Categories

AssetBook ValueDepreciationBasis
Land$173,282-$173,282
Equipment-$80,708$80,708
Other Land Buildings$33,134$5,490$38,624
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd ConnTrusteePT$53,195$53,195

Board Members and Trustees

NameTitle
Dave MillerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$270,168
Program Service Revenue
$24,912
Investment Income
$1,742
Other Revenue
$75,840
Change in Net Assets
$123,402

Audited Revenue Reconciliation

Revenue per Audited Statements
$372,662
Total Revenue per Audited Statements
$372,662
Total Revenue per Form 990
$372,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,816
Salaries, Compensation, and Employee Benefits$124,444
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$56,297
Current Officers, Directors, Trustees, and Key Employees---$53,195
Conferences and Meetings---$16,402
Payroll Taxes---$14,952
Fees for Services Accounting---$7,750
Occupancy---$6,353
Travel---$4,054
Insurance---$3,594
Office Expenses---$2,343
Depreciation Depletion---$2,291
Fees for Services Legal---$896
Other Expenses---$350
Total Functional Expenses$0$0$0$249,260

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$249,260
Total Expenses per Audited Statements$249,260
Total Expenses per Form 990$249,260
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contract Payable$81,371
Note Payable$1,162
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
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, Page 6, Part VI, Line 11B

Form 990 is available for review to each trustee prior to filing with the internal revenue service.

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

The board of trustees consistently monitor and enforce compliance with the conflict of interest policy. Conflict of interest forms are reviewed and retained for potential conflicts.

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

Compensation process for officers compensation is reviewed and approved by the trusteees.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Indianapolis Asbestos Workers Joint
EIN
35-1892455
Phone
3177863216
Address
1220 E EPLER AVENUE, INDIANAPOLIS, IN 46227

Signing Officer

Name
Todd Conn
Title
Trustee
Phone
3177863216
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Conn
Formed
1995
Legal Domicile
In
Voting Board Members
2
Independent Board Members
1
Employees
18
Volunteers
1

Preparer

Firm
L M Henderson & Company Llp
Address
450 E 96TH ST STE 200, INDIANAPOLIS, IN 46240
Preparer
Michelle L Zimmerman
Phone
3175661000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To educate and prepare apprentices to perform all aspects of the work required in the industry with the goal of making each apprentice a highly skilled journeyman in the insulation industry upon satisfactory completion of the 4 year program.

Financial Statement Notes

Schedule D, Page 3, Part X

The fund obtained its latest determination letter in july 1993, in which the internal revenue service stated that the fund, as then designed, was in compliance with the applicable requirements of the internal revenue code. The fund administrator and the fund's tax counsel believe that the fund is currently designed and being operated in compliance with the applicable requirements of the code (code). Therefore, they believe that the fund was tax-exepmt under section 501(c)(5) as of the financial statement date. The fund filed the form 5500 exemption, thus the fund is not required to file a form 5500 annually. The modified cash basis of accounting requires fund management to evaluate tax positions taken by the trust and recognize a tax liability (or asset) if the organization has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service. The fund administrator has analyzed the tax positions taken by the fund and has concluded that as of december 31, 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress. The fund is subject to income tax examinations by the taxing authorities for a period of three years from the date the tax returns are filed.

Raw XML Appendix323 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/SupplementalInformationDetail/ExplanationTxt0THE FUND OBTAINED ITS LATEST DETERMINATION LETTER IN JULY 1993, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE FUND, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THE FUND ADMINISTRATOR AND THE FUND'S TAX COUNSEL BELIEVE THAT THE FUND IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE (CODE). THEREFORE, THEY BELIEVE THAT THE FUND WAS TAX-EXEPMT UNDER SECTION 501(C)(5) AS OF THE FINANCIAL STATEMENT DATE. THE FUND FILED THE FORM 5500 EXEMPTION, THUS THE FUND IS NOT REQUIRED TO FILE A FORM 5500 ANNUALLY. THE MODIFIED CASH BASIS OF ACCOUNTING REQUIRES FUND MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FUND ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. THE FUND IS SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE TAX RETURNS ARE FILED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO EDUCATE AND PREPARE APPRENTICES TO PERFORM ALL ASPECTS OF THE WORK REQUIRED IN THE INDUSTRY WITH THE GOAL OF MAKING EACH APPRENTICE A HIGHLY SKILLED JOURNEYMAN IN THE INSULATION INDUSTRY UPON SATISFACTORY COMPLETION OF THE 4 YEAR PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS AVAILABLE FOR REVIEW TO EACH TRUSTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. CONFLICT OF INTEREST FORMS ARE REVIEWED AND RETAINED FOR POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR OFFICERS COMPENSATION IS REVIEWED AND APPROVED BY THE TRUSTEEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09602 MARTIN LUTHER KING HIGHWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LANHAM
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0207061839
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01017083
IRS990/TotalAssetsEOYAmt01132915
IRS990/TotalAssetsGrp/BOYAmt01017083
IRS990/TotalAssetsGrp/EOYAmt01132915
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IRS990/TotalContributionsAmt0270168
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249260
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt097642
IRS990/TotalLiabilitiesEOYAmt090072
IRS990/TotalLiabilitiesGrp/BOYAmt097642
IRS990/TotalLiabilitiesGrp/EOYAmt090072
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01042843
IRS990/TotalProgramServiceRevenueAmt024912
IRS990/TotalReportableCompFromOrgAmt053195
IRS990/TotalRevenueGrp/ExclusionAmt01742
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0100752
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372662
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01017083
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01132915
IRS990/TravelGrp/TotalAmt04054
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01220 E EPLER AVENUE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046227
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.WEINSULATE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD CONN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03177863216
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIANAPOLIS ASBESTOS WORKERS JOINT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0APPRENTICESHIP TRAINING TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0351892455
ReturnHeader/Filer/PhoneNum03177863216
ReturnHeader/Filer/USAddress/AddressLine1Txt01220 E EPLER AVENUE
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046227
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205520612
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0L M HENDERSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0450 E 96TH ST STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03175661000
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE L ZIMMERMAN
ReturnHeader/ReturnTs02021-05-14T12:29:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TODD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CONN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.54$1.15$1.40$0.63$0.51$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.50$1.22$1.28$0.34$0.28$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.28$0.06$1.22$0.36$0.29$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.07$1.15$0.39$0.29$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.09$1.04$0.37$0.25$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.02$0.10$0.92$0.36$0.28$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.95$0.11$0.84$0.34$0.22$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.12$0.72$0.33$0.22$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.24$0.21$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.29$0.25$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.32$0.25$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.33$0.24$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.21