Civic Intelligence

Goodwill Retail Services Inc.

990 • Fiscal year 2014 • EIN 39-2040239

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 02, 2015

5400 South 60th StreetSuiteGreendale, WI 53129

(414) 847-4200

Siviq Scores

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

Liabilities / Assets

44th percentile

0.27x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

11th percentile

0.09x

Higher debt load relative to revenue than 11% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

34th percentile

1.5%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

56th percentile

$514,849

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

57th percentile

7.0%

Faster asset growth than 57% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

43rd percentile

3.4%

Faster revenue growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Assets

Up

$43,211,386

Up $2,840,694 (+7.0%) from 2013

Net Assets

Up

$31,636,973

Up $1,941,944 (+6.5%) from 2013

Liabilities

Up

$11,574,413

Up $898,750 (+8.4%) from 2013

Revenue

Up

$131,159,567

Up $4,367,070 (+3.4%) from 2013

Expenses

Up

$129,217,623

Up $3,587,362 (+2.9%) from 2013

Net Income

Up

$1,941,944

Up $779,708 (+67%) from 2013

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $22,323,464Liabilities 2010: $4,932,911Net Assets 2010: $17,390,5532010Assets 2011: $29,679,362Liabilities 2011: $6,018,977Net Assets 2011: $23,660,3852011Assets 2012: $36,403,977Liabilities 2012: $7,871,184Net Assets 2012: $28,532,7932012Assets 2013: $40,370,692Liabilities 2013: $10,675,663Net Assets 2013: $29,695,0292013Assets 2014: $43,211,386Liabilities 2014: $11,574,413Net Assets 2014: $31,636,9732014Assets 2015: $47,208,255Liabilities 2015: $12,665,638Net Assets 2015: $34,542,6172015Assets 2016: $51,501,665Liabilities 2016: $13,243,623Net Assets 2016: $38,258,0422016Assets 2017: $46,986,931Liabilities 2017: $13,809,989Net Assets 2017: $33,176,9422017Assets 2018: $49,415,915Liabilities 2018: $13,772,074Net Assets 2018: $35,643,8412018Assets 2019: $123,036,172Liabilities 2019: $92,660,692Net Assets 2019: $30,375,4802019Assets 2020: $136,418,129Liabilities 2020: $106,668,992Net Assets 2020: $29,749,1372020Assets 2021: $150,087,220Liabilities 2021: $94,635,735Net Assets 2021: $55,451,4852021Assets 2022: $139,243,053Liabilities 2022: $88,633,061Net Assets 2022: $50,609,9922022Assets 2023: $142,911,043Liabilities 2023: $98,432,723Net Assets 2023: $44,478,3202023Assets 2024: $154,085,956Liabilities 2024: $111,890,464Net Assets 2024: $42,195,4922024

Highlighted filing

2014

Assets$43,211,386
Liabilities$11,574,413
Net Assets$31,636,973

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $71,694,0222010Expenses 2011: $87,658,7282011Expenses 2012: $109,209,2522012Revenue 2013: $126,792,497Expenses 2013: $125,630,261Net Income 2013: $1,162,2362013Revenue 2014: $131,159,567Expenses 2014: $129,217,623Net Income 2014: $1,941,9442014Revenue 2015: $143,051,139Expenses 2015: $140,145,495Net Income 2015: $2,905,6442015Revenue 2016: $144,781,892Expenses 2016: $141,066,467Net Income 2016: $3,715,4252016Revenue 2017: $155,490,930Expenses 2017: $160,572,030Net Income 2017: -$5,081,1002017Revenue 2018: $161,383,755Expenses 2018: $158,916,856Net Income 2018: $2,466,8992018Revenue 2019: $171,222,712Expenses 2019: $176,891,073Net Income 2019: -$5,668,3612019Revenue 2020: $134,804,539Expenses 2020: $133,764,676Net Income 2020: $1,039,8632020Revenue 2021: $197,886,415Expenses 2021: $170,152,764Net Income 2021: $27,733,6512021Revenue 2022: $200,242,275Expenses 2022: $205,119,896Net Income 2022: -$4,877,6212022Revenue 2023: $206,269,143Expenses 2023: $212,400,815Net Income 2023: -$6,131,6722023Revenue 2024: $203,490,270Expenses 2024: $205,775,966Net Income 2024: -$2,285,6962024

Highlighted filing

2014

Revenue$131,159,567
Expenses$129,217,623
Net Income$1,941,944
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 2, 2015
Return Version
2014v5.0
Gross Receipts
$138,551,137
Mission and Program Overview

Mission

Goodwill Retail Services, Inc. ("Goodwill Retail") is a nonstock, not-for-profit Wisconsin corporation, whose sole member is goodwill industries of southeastern wisconsin, inc. ("Goodwill"), a wisconsin nonstock, not-for profit corporation with 501(c)(3) status. Goodwill retail shares the mission of its parent company, which is to provide training, employment, and supportive services for people with disabilities or disadvantages who seek greater independence. such disabilities or disadvantages include physical or intellectual disabilities, mental health issues, skill limitations, lack of education and job preparation, communication challenges, and other socio-economic disadvantages. Goodwill pursues its mission in two ways. the first is by employing people with disabilities and disadvantages within the organization's own operations. The second is by providing social services, community programs, vocational training, transitional employment, employment services, and supportive services

Goodwill provides training, employment, and supportive services for people with disabilities or disadvantages who seek greater independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,438,380$30,730,931▲ $2,292,551
Inventories for Sale or Use$7,141,248$7,779,133▲ $637,885
Savings and Temporary Cash Investments$3,496,686$2,749,288▼ $747,398
Accounts Receivable$772,635$1,058,651▲ $286,016
Prepaid Expenses and Deferred Charges$521,743$893,383▲ $371,640
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$40,370,692$43,211,386▲ $2,840,694
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,291,186$10,998,284▲ $707,098
Other Liabilities$384,477$576,129▲ $191,652
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,675,663$11,574,413▲ $898,750
Net Assets / Fund Balance
Unrestricted Net Assets$29,695,029$31,636,973▲ $1,941,944
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$29,695,029$31,636,973▲ $1,941,944
Total Liabilities and Net Assets / Fund Balance$40,370,692$43,211,386▲ $2,840,694

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$20,770,837$9,237,747$30,008,584
Equipment$5,006,651$11,223,214$16,229,865
Other Land Buildings$4,953,443$452,457$5,405,900
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle MasonDirector-$319,733$514,849$834,582
Timothy MattkeTreasurer-$198,506$347,536$546,042
Dennis McNallySecretary-$127,101$252,960$380,061
Jacqueline L HallbergPresidentPT$248,701$111,301$360,002
Charles J StadlerAssistant Treasurer-$151,055$82,506$233,561
Joan B FarrellAssistant SecretaryPT$103,691$53,027$156,718
Thomas RichtmanChair-$114,994$40,269$155,263

Board Members and Trustees

NameTitle
Robert J KlugVice-chair
Billie TorrenttVice President
Daniel MichaelDirector
Scott DexterExecutive Director
Vicki HolschuhSenior VP/chief Retail Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ott Development INCConstruction Service2100 PEWAUKEE ROAD E, Waukesha, WI 53188$4,406,274
Englewood Contruction INCConstruction Service80 MAIN STREET, Lemont, IL 60439$1,016,292
Perspective Design INCDesign Services11525 W NORTH AVE, Wauwatosa, WI 53226$337,354
Wilson Marketing Group LLCBroker Service1755 N BROWN ROAD, Lawrenceville, GA 30043$272,982
Winter Services INCSnow Removal2100 S 116TH STREET, West Allis, WI 53227$208,615
Revenue and Support

Revenue Composition

Contributions and Grants
$86,881,381
Program Service Revenue
$0
Investment Income
$99,941
Other Revenue
$44,178,245
All Other Contributions
$86,881,381
Change in Net Assets
$1,941,944

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$78,222,375net selling price
Cars and Other Vehicles75$5,379,574net selling price
Books and Publications-$2,007,643net selling price
Other Non Cash Contri Table53,675,995$1,270,091net selling price
Other Non Cash Contri Table800$1,698net selling price
Total Noncash Contributions53,676,870$86,881,381-

Audited Revenue Reconciliation

Revenue per Audited Statements
$131,066,802
Revenue Not Reported on Financial Statements
$92,765
Revenue Not Reported on Form 990
$93,765,876
Other Revenue Adjustments
$92,765
Total Revenue per Audited Statements
$224,832,678
Total Revenue per Form 990
$131,159,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$58,930,199
Other Expenses$48,388,574
Grants and Similar Amounts Paid$21,898,850
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$47,272,550-$47,272,550
Grants to Domestic Orgs$21,898,850--$21,898,850
Occupancy-$14,459,431-$14,459,431
Depreciation Depletion-$7,560,566-$7,560,566
Other Employee Benefits-$6,035,867-$6,035,867
Fees for Services Other-$4,500,804-$4,500,804
Office Expenses-$4,049,229-$4,049,229
Payroll Taxes-$3,825,527-$3,825,527
Advertising-$2,362,631-$2,362,631
Other Expenses-$1,923,024-$1,923,024
Pension Plan Contributions-$1,418,971-$1,418,971
Travel-$1,387,444-$1,387,444
Insurance-$485,003-$485,003
Current Officers, Directors, Trustees, and Key Employees-$377,284-$377,284
Information Technology-$202,528-$202,528
Fees for Services Legal-$85,117-$85,117
Fees for Services Lobbying-$71,593-$71,593
Conferences and Meetings-$36,584-$36,584
Interest-$19,410-$19,410
Total Functional Expenses$21,898,850$107,318,773$0$129,217,623

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$222,890,734
Total Expenses per Form 990$129,217,623
Expenses per Audited Statements$129,124,858
Expenses Not Reported on Form 990$93,765,876
Expenses Not Reported on Financial Statements$92,765
Other Expense Adjustments$92,765
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Goodwill Industries of Southeastern Wi IncGreendale, WI501(c)(3)Grant - See Form 990, Part Iii, Line 4a.$21,898,850
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
Yes
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease - Equipment$560,425
Due to Affiliated Goodwills$15,704
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Goodwill Retail Services Inc
EIN
39-2040239
In Care Of
% TAMARA T JUNG
Phone
4148474200
Address
5400 SOUTH 60TH STREET, Suite, GREENDALE, WI 53129

Signing Officer

Name
Charles J Stadler
Title
Assistant Treasurer
Phone
4148474200
Signed
2015-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacqueline L Hallberg
Formed
2001
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
5,300
Volunteers
0

Preparer

Firm
Grant Thornton LLP
Address
100 E Wisconsin Ave, Milwaukee, WI 53202
Preparer
Michelle L Weber
Phone
4148474200
Supplemental Narrative

Additional Explanations

Form 990 Review

PART VI, LINE 11A Members of the Audit and Compliance Committee of the Board of Directors reviewed the Form at its June 17, 2015 Committee meeting. In addition, Members of the Full Board were provided with an electronic copy of the Form on July 1, 2015.

Written Conflict of Interest Policy

PART VI-B, LINE 12 Goodwill Industries of Southeastern Wisconsin, Inc., and Affiliates ("Goodwill") maintains a conflict of interest policy ("policy"). The purpose of the policy is to protect Goodwill's interests when contemplating entering into a transaction or arrangement that might benefit the financial interest of an interested person such as an officer, director, or key employee of Goodwill. An interested person must disclose the existence of his or her financial interest and all material facts related to the proposed transaction or arrangement. After such disclosure, he or she shall recuse himself or herself during the discussion of, and the vote on, the proposed transaction, whether the transaction reflects fair market value, has no bearing on the relationship, and is in the best interest of the organization.

Compensation Determination

PART VI-B, LINE 15 Goodwill Industries of Southeastern Wisconsin, Inc., and Affiliates ("Goodwill") compensation package includes a salary, defined contribution plan and health and welfare benefits. Goodwill engaged an independent firm to assess reasonableness of its compensation package for top management positions. The firm assessed compensation using survey data representing similar positions based on industry, revenue, number of employees and other peer group data. The report was reviewed by the Human Resources and Compensation Committee ("Committee") of the Board of Directors and compensation for Goodwill's top management positions was approved by a Committee vote.

Public Availability

SECTION VI, LINE 19 Goodwill Industries of Southeastern Wisconsin, Inc. and Affiliates ("Goodwill") posts its governing documents, conflict of interest policy, annual report, financial statements and Forms 990 to its website. Goodwill also makes this information, and other required disclosures, available upon request.

Financial Statement Notes

Reconciliation of Revenue

SCHEDULE D, PART XI Line 2d Cost of goods sold included on revenue statement 7,381,293 In-Kind Contributions Recognized for book purposes at Retail Value 86,384,583 ---------- Total 93,765,876 Line 4b Gain on Sale of Assets 92,765

Reconciliation of Expenses

SCHEDULE D, PART XII Line 2d Cost of goods sold included on revenue statement 7,381,293 In-Kind Contributions Recognized for book purposes at Retail Value 86,384,583 ---------- Total 93,765,876 Line 4b Gain on Sale of Assets 92,765

Liability for Accounting for Uncertainty in Income Taxes

PART X Goodwill Industries of Southeastern Wisconsin, Inc., Goodwill Industries of Metropolitan Chicago, Inc. and Goodwill Retail Services, Inc. have received determination letters from the Internal Revenue Service indicating that they are exempt from federal income taxes except for taxes pertaining to unrelated business income under Section 501(c)(3) of the Internal Revenue Code. The Financial Accounting Standards Board (FASB) issued guidance related to the uncertainty of income tax positions, which clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements and requires additional disclosure. Goodwill recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. Goodwill files information returns in the U.S. Federal and the states of Wisconsin and Illinois jurisdictions. Tax years open under the Federal statute of limitations include 2011 through 2014. Tax years open under state of Wisconsin and state of Illinois statutes include 2010 through 2014.

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IRS990/Desc0Goodwill Retail Services, Inc. ("Goodwill Retail") provides a source of income to promote the charitable mission of its parent corporation, Goodwill Industries of Southeastern Wisconsin, Inc., including that organization's numerous programs for providing training, employment, and supportive services for individuals with disabilities or disadvantages. Goodwill Retail operated 57 stores during 2014, providing employment opportunities and revenue to further Goodwill's mission. Goodwill Retail provides work opportunities for local residents, many of whom have some kind of barrier to employment - at the end of 2014, more than 2,987 people were employed. All employees receive job training on topics such as Goodwill's mission, customer service, Kaizen process improvement, 5S workplace organization, and safety. Goodwill Retail's store and donation centers provide a convenient place for people to donate previously-owned goods. During 2014, Goodwill Retail recorded 3.4 million donor transactions of household items from individuals in the communities served. Those donated items are processed by Goodwill Retail employees and sold to the general public at affordable prices in Goodwill Retail outlets. In keeping with Goodwill's re-use/recycle philosophy, Goodwill Retail makes an effort to maximize the usefulness of every item donated to Goodwill. Items that are not sold through Goodwill Retail stores are generally in poor condition (for example, torn, stained, or with broken zippers). Those items are sold either to recyclers or to foreign markets, thereby generating additional income to support Goodwill's mission-based programs and also reducing the amount of waste that otherwise would be landfilled. In 2014, Goodwill diverted 87.7 million pounds of textiles, household goods, and other items from landfills. Goodwill Retail actively participates in public assistance programs with various governmental and other not-for-profit organizations to distribute donated goods to persons in need. At every Goodwill store in southeastern Wisconsin and northern Illinois, needy persons in these programs can exchange vouchers for useful merchandise at no cost. In 2014, $293,163 in retail store vouchers were distributed to families in need. Goodwill Retail partners with numerous local human services agencies to provide work opportunities for people receiving services. These partner agencies include the Wisconsin Division of Vocational Rehabilitation, United Cerebral Palsy, The Threshold, Association for Individual Development (AID), Ray Graham & Associates, and local high schools. In 2014, Goodwill Retail provided work opportunities for 137 individuals being served by partner agencies.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Timothy Mattke
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IRS990/MissionDesc0GOODWILL RETAIL SERVICES, INC. ("GOODWILL RETAIL") IS A NONSTOCK, NOT-FOR-PROFIT WISCONSIN CORPORATION, WHOSE SOLE MEMBER IS GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. ("GOODWILL"), A WISCONSIN NONSTOCK, NOT-FOR-PROFIT CORPORATION WITH 501(C)(3) STATUS. GOODWILL RETAIL SHARES THE MISSION OF ITS PARENT COMPANY, WHICH IS TO PROVIDE TRAINING, EMPLOYMENT, AND SUPPORTIVE SERVICES FOR PEOPLE WITH DISABILITIES OR DISADVANTAGES WHO SEEK GREATER INDEPENDENCE. SUCH DISABILITIES OR DISADVANTAGES INCLUDE PHYSICAL OR INTELLECTUAL DISABILITIES, MENTAL HEALTH ISSUES, SKILL LIMITATIONS, LACK OF EDUCATION AND JOB PREPARATION, COMMUNICATION CHALLENGES, AND OTHER SOCIO-ECONOMIC DISADVANTAGES. GOODWILL PURSUES ITS MISSION IN TWO WAYS. THE FIRST IS BY EMPLOYING PEOPLE WITH DISABILITIES AND DISADVANTAGES WITHIN THE ORGANIZATION'S OWN OPERATIONS. THE SECOND IS BY PROVIDING SOCIAL SERVICES, COMMUNITY PROGRAMS, VOCATIONAL TRAINING, TRANSITIONAL EMPLOYMENT, EMPLOYMENT SERVICES, AND SUPPORTIVE SERVICES
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0All directors and officers of Goodwill Retail Services, Inc. also serve
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$154$112$42.2$203$206$2.29
2023Detailed filing. Detailed filing data is available for this year.$143$98.4$44.5$206$212$6.13
2022Detailed filing. Detailed filing data is available for this year.$139$88.6$50.6$200$205$4.88
2021Detailed filing. Detailed filing data is available for this year.$150$94.6$55.5$198$170$27.7
2020Detailed filing. Detailed filing data is available for this year.$136$107$29.7$135$134$1.04
2019Detailed filing. Detailed filing data is available for this year.$123$92.7$30.4$171$177$5.67
2018Detailed filing. Detailed filing data is available for this year.$49.4$13.8$35.6$161$159$2.47
2017Detailed filing. Detailed filing data is available for this year.$47.0$13.8$33.2$155$161$5.08
2016Detailed filing. Detailed filing data is available for this year.$51.5$13.2$38.3$145$141$3.72
2015Detailed filing. Detailed filing data is available for this year.$47.2$12.7$34.5$143$140$2.91
2014Detailed filing. Detailed filing data is available for this year.$43.2$11.6$31.6$131$129$1.94
2013Detailed filing. Detailed filing data is available for this year.$40.4$10.7$29.7$127$126$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$7.87$28.5$109
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$6.02$23.7$87.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$4.93$17.4$71.7