Civic Intelligence

Ludingtonscottville Area Chamber of Commerce

990 • Fiscal year 2015 • EIN 38-0775025

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 08, 2016

5300 West US 10Ludington, MI 49431

(231) 845-0324

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.19x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

0.05x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

57th percentile

5.2%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

13%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$259,916

Up $27,782 (+12%) from 2014

Net Assets

Up

$211,098

Up $48,097 (+30%) from 2014

Liabilities

Down

$48,818

Down $20,315 (-29%) from 2014

Revenue

Up

$925,932

Up $109,662 (+13%) from 2014

Expenses

Up

$877,835

Up $80,342 (+10%) from 2014

Net Income

Up

$48,097

Up $29,320 (+156%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $132,171Liabilities 2010: $67,276Net Assets 2010: $64,8952010Assets 2011: $167,595Liabilities 2011: $87,554Net Assets 2011: $80,0412011Assets 2012: $201,686Liabilities 2012: $73,441Net Assets 2012: $128,2452012Assets 2013: $225,886Liabilities 2013: $81,662Net Assets 2013: $144,2242013Assets 2014: $232,134Liabilities 2014: $69,133Net Assets 2014: $163,0012014Assets 2015: $259,916Liabilities 2015: $48,818Net Assets 2015: $211,0982015Assets 2016: $299,110Liabilities 2016: $69,404Net Assets 2016: $229,7062016Assets 2017: $333,797Liabilities 2017: $66,346Net Assets 2017: $267,4512017Assets 2018: $366,909Liabilities 2018: $71,673Net Assets 2018: $295,2362018Assets 2019: $425,578Liabilities 2019: $80,036Net Assets 2019: $345,5422019Assets 2020: $804,621Liabilities 2020: $452,670Net Assets 2020: $351,9512020Assets 2021: $802,747Liabilities 2021: $85,699Net Assets 2021: $717,0482021Assets 2022: $782,371Liabilities 2022: $93,380Net Assets 2022: $688,9912022Assets 2023: $1,092,441Liabilities 2023: $419,744Net Assets 2023: $672,6972023Assets 2024: $1,215,471Liabilities 2024: $425,562Net Assets 2024: $789,9092024

Highlighted filing

2015

Assets$259,916
Liabilities$48,818
Net Assets$211,098

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $699,3592010Revenue 2011: $801,092Expenses 2011: $785,946Net Income 2011: $15,1462011Expenses 2012: $763,1132012Revenue 2013: $824,977Expenses 2013: $808,998Net Income 2013: $15,9792013Revenue 2014: $816,270Expenses 2014: $797,493Net Income 2014: $18,7772014Revenue 2015: $925,932Expenses 2015: $877,835Net Income 2015: $48,0972015Revenue 2016: $909,727Expenses 2016: $866,894Net Income 2016: $42,8332016Revenue 2017: $932,540Expenses 2017: $894,795Net Income 2017: $37,7452017Revenue 2018: $897,980Expenses 2018: $870,195Net Income 2018: $27,7852018Revenue 2019: $914,170Expenses 2019: $863,864Net Income 2019: $50,3062019Revenue 2020: $656,120Expenses 2020: $649,711Net Income 2020: $6,4092020Revenue 2021: $608,117Expenses 2021: $577,263Net Income 2021: $30,8542021Revenue 2022: $941,601Expenses 2022: $969,658Net Income 2022: -$28,0572022Revenue 2023: $1,095,556Expenses 2023: $1,115,933Net Income 2023: -$20,3772023Revenue 2024: $1,078,316Expenses 2024: $1,070,946Net Income 2024: $7,3702024

Highlighted filing

2015

Revenue$925,932
Expenses$877,835
Net Income$48,097
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 8, 2016
Return Version
2015v2.1
Gross Receipts
$925,932
Mission and Program Overview

Mission

The chamber of commerce works to promote the economic prospertiy of mason county through business development efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$118,058$146,731▲ $28,673
Accounts Receivable$71,358$72,566▲ $1,208
Prepaid Expenses and Deferred Charges$19,804$19,866▲ $62
Cash and Non-Interest-Bearing Accounts$11,987$14,568▲ $2,581
Total Assets$232,134$259,916▲ $27,782
Other Assets Total$10,927$6,185▼ $4,742
Liabilities
Deferred Revenue$50,007$31,337▼ $18,670
Accounts Payable and Accrued Expenses$19,126$17,481▼ $1,645
Total Liabilities$69,133$48,818▼ $20,315
Net Assets / Fund Balance
Unrestricted Net Assets$163,001$211,098▲ $48,097
Total Net Assets Fund Balance$163,001$211,098▲ $48,097
Total Liabilities and Net Assets / Fund Balance$232,134$259,916▲ $27,782
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott SmithChair
Thomas HawleyChair Elect
Raymond BiggsChairman
Sherry WymanPast Chair
Kathryn MacleanPresident/ce
Aleksy UrickDirector
Chris ZeppenfeldDirector
Dan MesyarDirector
Jeanne OakesDirector
Jeff CurtisDirector
Jeff MountDirector
Sarah HolmesDirector
Shane RuboyainesDirector
Steve CarlsonDirector
John ShayLudington Ci
Dave KlingerMember at La
Willie ReedMember at La
Amy WilliamsScottville C
Carlos AlvaradoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$68,000
Program Service Revenue
$854,439
Investment Income
$207
Other Revenue
$3,286
All Other Contributions
$68,000
Change in Net Assets
$48,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$572,685
Salaries, Compensation, and Employee Benefits$305,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$262,164-$262,164
All Other Expenses$63,854$10,631-$74,485
Other Expenses$101,278$53,426-$53,426
Office Expenses-$49,431-$49,431
Occupancy-$34,482-$34,482
Payroll Taxes-$23,239-$23,239
Other Employee Benefits-$19,747-$19,747
Insurance-$4,862-$4,862
Advertising-$1,726-$1,726
Fees for Services Accounting-$1,600-$1,600
Conferences and Meetings-$1,155-$1,155
Depreciation Depletion-$750-$750
Total Functional Expenses$311,401$566,434$0$877,835
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
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

No review was or will be conducted.

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

The board developed a schedule of compensation for each position. The board used data of average pay of chambers of commerce in the united states.

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

The board developed a schedule of compensation for each position. The board used data of average pay of chambers of commerce in the united states.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public by request only. The organization does not have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Ludingtonscottville Area
EIN
38-0775025
Address
5300 WEST US 10, LUDINGTON, MI 49431

Signing Officer

Name
Kathryn Maclean
Title
President/CEO
Signed
2016-02-08

Organization Details

Principal Officer
Kathryn Maclean
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
10
Volunteers
60

Preparer

Firm
Vanderwal Spratto & Richards Pc
Address
475 WATER STREET, MANISTEE, MI 49660
Preparer
David L Richards CPA
Phone
2317236275
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Event expenses grants revenue business after hours 1,805 0 4,511 golf outing 8,642 0 15,940 gold coast festival 3,646 0 19,760 chamber annual dinner 9,957 0 11,199 harvest festival 500 0 0 total 24,550 0 51,410

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IRS990/PayrollTaxesGrp/TotalAmt023239
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019804
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019866
IRS990/PrincipalOfficerNm0KATHRYN MACLEAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL EVENT REVENUES
IRS990/ProgramServiceRevenueGrp/Desc1LUDINGTON CVB
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP INVESTMENT
IRS990/ProgramServiceRevenueGrp/Desc3GREAT START COLLABORATIVE
IRS990/ProgramServiceRevenueGrp/Desc4MASON COUNTY GROWTH ALLIANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0350674
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1110219
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2109574
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3103758
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt455250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0350674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1110219
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2109574
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3103758
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt455250
IRS990/ProgSrvcAccomActy2Grp/Desc0THE OFF SHORE FISHING TOURNAMENT HELPS BRING FISHERMEN TO AND PROMOTE FISHING IN THE LUDINGTON AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0101278
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0104566
IRS990/ProgSrvcAccomActy3Grp/Desc0THE COMMUNITY AUCTION IS A JOINT FUND-RAISING EFFORT BETWEEN THE CHAMBER AND MASON COUNTY CENTRAL SCHOOL'S EDUCATION FOUNDATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt039304
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt056236
IRS990/ProgSrvcAccomActyOtherGrp/Desc0EVENT EXPENSES GRANTS REVENUE BUSINESS AFTER HOURS 1,805 0 4,511 GOLF OUTING 8,642 0 15,940 GOLD COAST FESTIVAL 3,646 0 19,760 CHAMBER ANNUAL DINNER 9,957 0 11,199 HARVEST FESTIVAL 500 0 0 TOTAL 24,550 0 51,410
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt024550
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt051410
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt030169
IRS990/PYInvestmentIncomeAmt0206
IRS990/PYOtherExpensesAmt0453706
IRS990/PYOtherRevenueAmt03585
IRS990/PYProgramServiceRevenueAmt0782310
IRS990/PYRevenuesLessExpensesAmt018777
IRS990/PYSalariesCompEmpBnftPaidAmt0343787
IRS990/PYTotalExpensesAmt0797493
IRS990/PYTotalRevenueAmt0816270
IRS990/ReconcilationRevenueExpnssAmt048097
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0146462
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0118058
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0146731
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EVENT EXPENSES GRANTS REVENUE BUSINESS AFTER HOURS 1,805 0 4,511 GOLF OUTING 8,642 0 15,940 GOLD COAST FESTIVAL 3,646 0 19,760 CHAMBER ANNUAL DINNER 9,957 0 11,199 HARVEST FESTIVAL 500 0 0 TOTAL 24,550 0 51,410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DEVELOPED A SCHEDULE OF COMPENSATION FOR EACH POSITION. THE BOARD USED DATA OF AVERAGE PAY OF CHAMBERS OF COMMERCE IN THE UNITED STATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DEVELOPED A SCHEDULE OF COMPENSATION FOR EACH POSITION. THE BOARD USED DATA OF AVERAGE PAY OF CHAMBERS OF COMMERCE IN THE UNITED STATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST ONLY. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0232134
IRS990/TotalAssetsEOYAmt0259916
IRS990/TotalAssetsGrp/BOYAmt0232134
IRS990/TotalAssetsGrp/EOYAmt0259916
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt068000
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0566434
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0311401
IRS990/TotalFunctionalExpensesGrp/TotalAmt0877835
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069133
IRS990/TotalLiabilitiesEOYAmt048818
IRS990/TotalLiabilitiesGrp/BOYAmt069133
IRS990/TotalLiabilitiesGrp/EOYAmt048818
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0163001
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0211098
IRS990/TotalOtherProgSrvcExpenseAmt024550
IRS990/TotalOtherProgSrvcRevenueAmt051410
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0124964
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0124964
IRS990/TotalProgramServiceExpensesAmt0311401
IRS990/TotalProgramServiceRevenueAmt0854439
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0857932
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0925932
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0232134
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0259916
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0163001
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0211098
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05300 WEST US 10
IRS990/USAddress/CityNm0LUDINGTON
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049431
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.LUDINGTON.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN MACLEAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LUDINGTONSCOTTVILLE AREA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0LUDI
ReturnHeader/Filer/EIN0380775025
ReturnHeader/Filer/USAddress/AddressLine1Txt05300 WEST US 10
ReturnHeader/Filer/USAddress/CityNm0LUDINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049431
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382095735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VANDERWAL SPRATTO & RICHARDS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0475 WATER STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANISTEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049660

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.22$0.43$0.79$1.08$1.07$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.09$0.42$0.67$1.10$1.12$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.09$0.69$0.94$0.97$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.80$0.09$0.72$0.61$0.58$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.45$0.35$0.66$0.65$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.08$0.35$0.91$0.86$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.30$0.90$0.87$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.07$0.27$0.93$0.89$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.07$0.23$0.91$0.87$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.05$0.21$0.93$0.88$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.07$0.16$0.82$0.80$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.23$0.08$0.14$0.82$0.81$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.07$0.13$0.76
2011Summary only. Only limited summary data is available for this year.$0.17$0.09$0.08$0.80$0.79$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.07$0.06$0.70