Civic Intelligence

Olmsted County Agricultural Association

990 • Fiscal year 2018 • EIN 41-0709864

Oct 01, 2017 to Sep 30, 2018 • Filed on Dec 06, 2018

Organization ProfileWWW.OLMSTEDCOUNTYFAIR.COM
1403 3rd Ave SERochester, MN 55904

(507) 281-5128

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

42nd percentile

-1.8%

Faster asset growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$24,250

Down $443 (-1.8%) from 2017

Net Assets

Down

$24,249

Down $444 (-1.8%) from 2017

Liabilities

Up

$1

Up $1 from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin40th percentile

Revenue

Up

$328,006

Up $46,365 (+16%) from 2017

Expenses

Up

$328,450

Up $24,971 (+8.2%) from 2017

Net Income

Up

-$444

Up $21,394 (+98%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$100K$50K$0-$50KAssets 2010: $28,494Liabilities 2010: $10,000Net Assets 2010: $18,4942010Assets 2011: $75,138Liabilities 2011: $0Net Assets 2011: $75,1382011Assets 2012: $60,994Liabilities 2012: $0Net Assets 2012: $60,9942012Assets 2013: $61,604Liabilities 2013: -$353Net Assets 2013: $61,9572013Assets 2014: $61,812Liabilities 2014: $0Net Assets 2014: $61,8122014Assets 2015: $94,686Liabilities 2015: $26,940Net Assets 2015: $67,7462015Assets 2016: $46,532Liabilities 2016: $1Net Assets 2016: $46,5312016Assets 2017: $24,693Liabilities 2017: $0Net Assets 2017: $24,6932017Assets 2018: $24,250Liabilities 2018: $1Net Assets 2018: $24,2492018Assets 2019: $31,179Liabilities 2019: $0Net Assets 2019: $31,1792019Assets 2020: $27,382Liabilities 2020: $0Net Assets 2020: $27,3822020Assets 2021: $56,884Liabilities 2021: $0Net Assets 2021: $56,8842021Assets 2022: $66,441Liabilities 2022: $6,291Net Assets 2022: $60,1502022Assets 2023: $20,865Liabilities 2023: $0Net Assets 2023: $20,8652023Assets 2024: $82,632Liabilities 2024: $0Net Assets 2024: $82,6322024

Highlighted filing

2018

Assets$24,250
Liabilities$1
Net Assets$24,249
Open 2018 Filing

Operations Trend

Revenue Growth69th percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $407,645Expenses 2010: $392,693Net Income 2010: $14,9522010Expenses 2011: $287,1062011Expenses 2012: $328,0542012Revenue 2013: $293,960Expenses 2013: $293,023Net Income 2013: $9372013Revenue 2014: $336,126Expenses 2014: $336,271Net Income 2014: -$1452014Revenue 2015: $308,416Expenses 2015: $302,482Net Income 2015: $5,9342015Revenue 2016: $269,823Expenses 2016: $291,038Net Income 2016: -$21,2152016Revenue 2017: $281,641Expenses 2017: $303,479Net Income 2017: -$21,8382017Revenue 2018: $328,006Expenses 2018: $328,450Net Income 2018: -$4442018Revenue 2019: $336,132Expenses 2019: $329,202Net Income 2019: $6,9302019Revenue 2020: $46,507Expenses 2020: $51,003Net Income 2020: -$4,4962020Revenue 2021: $353,221Expenses 2021: $323,719Net Income 2021: $29,5022021Revenue 2022: $335,587Expenses 2022: $332,321Net Income 2022: $3,2662022Revenue 2023: $401,232Expenses 2023: $440,517Net Income 2023: -$39,2852023Revenue 2024: $364,611Expenses 2024: $302,844Net Income 2024: $61,7672024

Highlighted filing

2018

Revenue$328,006
Expenses$328,450
Net Income-$444
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Dec 6, 2018
Return Version
2017v2.2
Gross Receipts
$328,006
Mission and Program Overview

Mission

To preserve, inmprove, and promote the olmsted county fair and fairgrounds property in rochester mn

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$24,693$24,249▼ $444
Cash and Non-Interest-Bearing Accounts$10,361$12,678▲ $2,317
Land, Buildings, and Equipment, Net$13,832$11,572▼ $2,260
Prepaid Expenses and Deferred Charges$500--
Total Assets$24,693$24,250▼ $443
Liabilities
Accounts Payable and Accrued Expenses-$1-
Total Liabilities$0$1▲ $1
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,693$24,249▼ $444
Total Liabilities and Net Assets / Fund Balance$24,693$24,250▼ $443

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,572$63,272$74,844
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Lenny LauresPresident
Brandon HelgesonDirector
Lawrence PredmoreDirector
Rick VehrenkampDirector
Scott SchneiderDirector
Tom GrahamDirector
Vicki CoursonDirector
Judy PlankSecretary
Tricia CirlicTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,177
Program Service Revenue
$277,478
Investment Income
$129
Other Revenue
$4,222
All Other Contributions
$24,765
Change in Net Assets
$-444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$301,067
Salaries, Compensation, and Employee Benefits$27,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$44,109$3,721-$47,830
Other Expenses$31,620--$31,620
Advertising$26,138--$26,138
Other Salaries and Wages$24,999--$24,999
Occupancy$21,000$3,080-$24,080
Insurance$13,386--$13,386
Fees for Services Accounting$1,387$1,387-$2,774
Fees for Services Other$2,500--$2,500
Payroll Taxes$2,384--$2,384
Depreciation Depletion$1,951$309-$2,260
Fees for Services Legal-$975-$975
Office Expenses-$701-$701
Conferences and Meetings-$300-$300
Interest-$3-$3
Total Functional Expenses$317,974$10,476$0$328,450
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Brandon HelgesonDirectorEquipment Rental and Website MaintenanceNo-
Robert PredmoreSon of DirectorManure Removal From BarnsNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Voting members are of the agricultural community such as 4-h leaders”

Member election for additional members Part VI line 7A

“Members vote annually for board members and the officers.”

Governing body decisions Part VI line 7B

“Voting members elect board members at offical meetings of the organization and support the actions of the board.”

Form 990 governing body review Part VI line 11

“The 990 is presented to the executive committe before filing and release to the public”

Form 990 availability to public Part VI line 18

“The 990 is available upon request by phone contact or through the fair website”

Governing documents etc available to public Part VI line 19

“Available upon request by phone contact or through the fair website”

Filing and Contact Details

Filer

Filer Name
Olmsted County Agricultural Assoc
EIN
41-0709864
Address
1403 3RD AVE SE, ROCHESTER, MN 55904
Doing Business As
Olmsted County Fair

Signing Officer

Name
Lenny Laures
Title
President
Phone
5072829862
Signed
2018-12-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Lenny Laures
Formed
1912
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
45
Volunteers
200

Preparer

Firm
Accounting & Tax Associates Inc
Address
1700 N Broadway Ste 106, Rochester, MN 55906
Preparer
JoAnn Schoen EA
Phone
5072815128
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“See attached statement for detail.”

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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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47431
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt020311
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0277212
IRS990/PYOtherRevenueAmt0204
IRS990/PYProgramServiceRevenueAmt0261126
IRS990/PYRevenuesLessExpensesAmt0-21838
IRS990/PYSalariesCompEmpBnftPaidAmt026267
IRS990/PYTotalExpensesAmt0303479
IRS990/PYTotalRevenueAmt0281641
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-444
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024693
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt024249
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt046177
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020311
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt018057
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt032197
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt050548
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0167290
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0129
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0277478
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0261126
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0251099
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0274000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0281063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01344766
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0129
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04222
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0204
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0667
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02219
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04515
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011827
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99220
IRS990ScheduleA/PublicSupportPY509Pct00.99470
IRS990ScheduleA/PublicSupportTotal509Amt01512056
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0323655
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0281437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0269156
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0306197
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0331611
IRS990ScheduleA/Total509Grp/TotalAmt01512056
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0328006
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0281641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0269823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0308416
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0336126
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01524012
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt011572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063272
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074844
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011572
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BRANDON HELGESON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1ROBERT PREDMORE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SON OF DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EQUIPMENT RENTAL AND WEBSITE MAINTENANCE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANURE REMOVAL FROM BARNS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOTING MEMBERS ARE OF THE AGRICULTURAL COMMUNITY SUCH AS 4-H LEADERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE ANNUALLY FOR BOARD MEMBERS AND THE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VOTING MEMBERS ELECT BOARD MEMBERS AT OFFICAL MEETINGS OF THE ORGANIZATION AND SUPPORT THE ACTIONS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PRESENTED TO THE EXECUTIVE COMMITTE BEFORE FILING AND RELEASE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 IS AVAILABLE UPON REQUEST BY PHONE CONTACT OR THROUGH THE FAIR WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST BY PHONE CONTACT OR THROUGH THE FAIR WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SEE ATTACHED STATEMENT FOR DETAIL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024693
IRS990/TotalAssetsEOYAmt024250
IRS990/TotalAssetsGrp/BOYAmt024693
IRS990/TotalAssetsGrp/EOYAmt024250
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt046177
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010476
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317974
IRS990/TotalFunctionalExpensesGrp/TotalAmt0328450
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024693
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024249
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt07215
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt07215
IRS990/TotalProgramServiceExpensesAmt0317974
IRS990/TotalProgramServiceRevenueAmt0277478
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0129
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0281700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0328006
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024693
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024250
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,250
Liabilities
$1
Net assets
$24,249
Revenue
$328,006
Expenses
$328,450
Net income
-$444
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$3.65$3.03$0.62
2023Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$4.01$4.41$0.39
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.06$0.60$3.36$3.32$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$3.53$3.24$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.47$0.51$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$3.36$3.29$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$3.28$3.28$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$2.82$3.03$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$2.70$2.91$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.27$0.68$3.08$3.02$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$3.36$3.36$0.00
2013Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$2.94$2.93$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$3.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.00$0.75$2.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.10$0.18$4.08$3.93$0.15