Civic Intelligence

The Banyan Foundation

990 • Fiscal year 2019 • EIN 41-1922813

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 24, 2020

2529 13th Avenue SouthMinneapolis, MN 55404

(612) 722-8512

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

3.81x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

14th percentile

-17%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

39th percentile

$99,943

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

19th percentile

-4.1%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-9.3%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$6,914,896

Down $296,400 (-4.1%) from 2018

Net Assets

Down

$229,481

Down $292,537 (-56%) from 2018

Liabilities

Down

$6,685,415

Down $3,863 (-0.1%) from 2018

Revenue

Down

$1,756,094

Down $179,735 (-9.3%) from 2018

Expenses

Up

$2,048,631

Up $267,816 (+15%) from 2018

Net Income

Down

-$292,537

Down $447,551 (-289%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $428,141Liabilities 2011: $75,536Net Assets 2011: $352,6052011Assets 2012: $809,436Liabilities 2012: $77,322Net Assets 2012: $732,1142012Assets 2013: $1,924,499Liabilities 2013: $91,954Net Assets 2013: $1,832,5452013Assets 2014: $3,888,813Liabilities 2014: $92,810Net Assets 2014: $3,796,0032014Assets 2015: $7,636,666Liabilities 2015: $7,073,747Net Assets 2015: $562,9192015Assets 2016: $7,177,456Liabilities 2016: $6,660,857Net Assets 2016: $516,5992016Assets 2017: $6,886,009Liabilities 2017: $6,669,005Net Assets 2017: $217,0042017Assets 2018: $7,211,296Liabilities 2018: $6,689,278Net Assets 2018: $522,0182018Assets 2019: $6,914,896Liabilities 2019: $6,685,415Net Assets 2019: $229,4812019Assets 2020: $6,769,124Liabilities 2020: $6,741,027Net Assets 2020: $28,0972020Assets 2021: $6,371,466Liabilities 2021: $6,418,783Net Assets 2021: -$47,3172021Assets 2022: $6,597,553Liabilities 2022: $970,326Net Assets 2022: $5,627,2272022Assets 2023: $6,537,244Liabilities 2023: $83,224Net Assets 2023: $6,454,0202023Assets 2024: $6,361,123Liabilities 2024: $74,055Net Assets 2024: $6,287,0682024Assets 2025: $6,121,657Liabilities 2025: $80,502Net Assets 2025: $6,041,1552025

Highlighted filing

2019

Assets$6,914,896
Liabilities$6,685,415
Net Assets$229,481

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $556,384Expenses 2011: $567,239Net Income 2011: -$10,8552011Expenses 2012: $709,8432012Revenue 2013: $1,875,016Expenses 2013: $796,046Net Income 2013: $1,078,9702013Revenue 2014: $2,756,287Expenses 2014: $800,999Net Income 2014: $1,955,2882014Revenue 2015: $2,604,369Expenses 2015: $5,839,876Net Income 2015: -$3,235,5072015Revenue 2016: $1,615,303Expenses 2016: $1,661,623Net Income 2016: -$46,3202016Revenue 2017: $1,856,309Expenses 2017: $2,155,904Net Income 2017: -$299,5952017Revenue 2018: $1,935,829Expenses 2018: $1,780,815Net Income 2018: $155,0142018Revenue 2019: $1,756,094Expenses 2019: $2,048,631Net Income 2019: -$292,5372019Revenue 2020: $1,974,811Expenses 2020: $2,176,195Net Income 2020: -$201,3842020Revenue 2021: $2,128,320Expenses 2021: $2,203,734Net Income 2021: -$75,4142021Revenue 2022: $7,923,966Expenses 2022: $2,249,422Net Income 2022: $5,674,5442022Revenue 2023: $1,005,831Expenses 2023: $1,218,400Net Income 2023: -$212,5692023Revenue 2024: $2,286,976Expenses 2024: $2,471,924Net Income 2024: -$184,9482024Revenue 2025: $2,128,662Expenses 2025: $2,374,575Net Income 2025: -$245,9132025

Highlighted filing

2019

Revenue$1,756,094
Expenses$2,048,631
Net Income-$292,537
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 24, 2020
Return Version
2019v5.0
Gross Receipts
$1,827,553
Mission and Program Overview

Mission

The banyan community is a community development organization that conducts its mission and programs in a low income urban neighborhood. The focus is on developing youth, strengthening families, and creating a strong vibrant community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,507,458$5,382,350▼ $125,108
Pledges and Grants Receivable$576,050$555,794▼ $20,256
Cash and Non-Interest-Bearing Accounts$586,268$433,500▼ $152,768
Intangible Assets$357,022$343,771▼ $13,251
Accounts Receivable-$50,725-
Prepaid Expenses and Deferred Charges$950$12,243▲ $11,293
Total Assets$7,211,296$6,914,896▼ $296,400
Other Assets Total$183,548$136,513▼ $47,035
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,566,000$6,566,000→ $0
Accounts Payable and Accrued Expenses$123,278$119,415▼ $3,863
Total Liabilities$6,689,278$6,685,415▼ $3,863
Net Assets / Fund Balance
Net Assets With Donor Restrictions$716,977$598,482▼ $118,495
Net Assets Without Donor Restrictions$-194,959$-369,001▼ $174,042
Total Net Assets Fund Balance$522,018$229,481▼ $292,537
Total Liabilities and Net Assets / Fund Balance$7,211,296$6,914,896▼ $296,400

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,174,646$728,868$5,903,514
Land$207,704-$207,704

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$435,000$265,000--$700,000
2018$435,000---$435,000
2017$160,000$275,000--$435,000
2016$160,000---$160,000
2015$110,000$50,000--$160,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joani EssenburgExecutive DiFT$96,099$3,844$99,943
Nancy Alvarado Thru 3202019Finance/operFT$21,623-$21,623
Dan Olthoff From 1012019Director ofFT$20,187$606$20,793

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,761,089
Program Service Revenue
$0
Investment Income
$782
Other Revenue
$-5,777
All Other Contributions
$1,438,795
Change in Net Assets
$-292,537

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$44,010Sales Price
Total Noncash Contributions5$44,010-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,756,094
Total Revenue per Audited Statements
$1,756,094
Total Revenue per Form 990
$1,756,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,167,432
Other Expenses$713,431
Total Fundraising Expense$225,716
Grants and Similar Amounts Paid$144,233
Professional Fundraising Fees$23,535

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$731,075$23,120$108,854$863,049
Depreciation Depletion$196,103$21,407$3,786$221,296
Grants to Domestic Orgs$144,233--$144,233
Current Officers, Directors, Trustees, and Key Employees$15,700$89,030$37,459$142,189
Office Expenses$79,928$5,483$18,288$103,699
Payroll Taxes$56,232$7,743$12,348$76,323
Other Employee Benefits$54,977$8,182$11,579$74,738
Occupancy$61,245$2,746$1,183$65,174
Fees for Services Accounting-$47,478-$47,478
Interest$39,679$3,542$4,028$47,249
Fees for Services Other$17,964$21,392$1,915$41,271
Fees for Services Professional Fundraising--$23,535$23,535
Insurance$17,918$639$296$18,853
Other Expenses$10,474$550$1,563$12,587
Pension Plan Contributions$9,586-$882$10,468
Comp Disqual Persons$665--$665
Fees for Services Legal-$194-$194
Total Functional Expenses$1,543,778$279,137$225,716$2,048,631

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,048,631
Total Expenses per Audited Statements$2,048,631
Total Expenses per Form 990$2,048,631
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
De La Salle High SchoolMinneapolis, MN501 C3Scholarships to 21$144,233
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$27,449
Professional Fundraising Fees$23,535
Fundraising Gross Income$10,440

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast Fundr$62,295-$1,856-
Dinner Fundrais$146,950$10,440$6,989$3,451
Total Events$209,245$10,440$27,449$-17,009
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
C EssenburgChild of Ex DirContractorNo$665
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 35% controlled entity
Yes
Business relationship with family members
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The organization does not have any committees which have the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

The 990 is presented to the finance committee of the board of directors. The finance committee meets with our independent auditor to review and ask questions. The finance committee makes a recommendation to the board of directors to approve form 990 and the board makes a motion to approve it.

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

The conflict of interest policy is presented verbally and in writing to each new employee and board member, who must read and sign it. Annually, the policy is presented again and each employee and board member is asked to sign an annual renewal form. The policy is written so employees and board members are obligated to report any changes in conflict of interest. Also, supervisors are asked to observe and report any potential conflict to the executive director. If any conflicts are noted, they are to be made to the board chair who will bring the matter to the board.

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

The most recent publication of the minnesota council of nonprofits salary and benefit summary is obtained and reviewed for comparable salary and position description. The executive director and the executive committee use this information, plus performance evaluations, to determine salary. Proposed staff salaries are presented to the finance committee and then to the board of directors for approval. The executive committee and the finance committee receive the same pertinent information regarding the executive director in order to evaluate and determine the ed's salary. The information is presented to the board of directors for approval.

Form 990, Page 6, Part VI, Line 19

The organization will provide copies of its governing documents upon request. The documents are also posted on guidestar and the minnesota charities review council websites.

Filing and Contact Details

Filer

Filer Name
The Banyan Foundation
EIN
41-1922813
Phone
6127228512
Address
2529 13TH AVENUE SOUTH, MINNEAPOLIS, MN 55404
Doing Business As
The Banyan Community

Signing Officer

Name
Joani Essenburg
Title
Executive Director
Phone
6127228512
Signed
2020-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joani Essenburg
Formed
1998
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
52
Volunteers
121

Preparer

Firm
Sherry D Heffernan Ltd
Address
6650 HORSESHOE BEND DR, CORCORAN, MN 55340-9549
Preparer
Sherry D Heffernan Ltd
Phone
7632297129
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The banyan community is a community development organization that conducts its mission and programs in a low income urban neighborhood. The focus is on developing youth, strengthening families, and creating a strong vibrant community.

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

Youth development program: banyan provides opportunities for youth to develop leadership skills, engage in positive relationships with peers and adults, and have new experiences. Banyan provides academic support and accountability so that youth can succeed in school and college. Creating a culture of educational achievement is a high priority for the banyan. Banyan has developed a comprehensive and intense approach. It involves a sustained focus on academic preparedness with the development of other important assets for youth: increased social and emotional skills, life skills, cultural competency, positive self-image, awareness of educational opportunities, family involvement and the support of the broader community. Our programs include: after school programs for students age kindergarten through middle school; high school tutoring and support; kids club; summer cool off days; youth employment and leadership development; college mentoring; and educational scholarships. There were 189 registered youth in programs in 2019 and 21 scholarships awarded in 2019.

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

Family strengthening services: home visits, parent conferences and family support is offered for all banyan families. Banyan offers a safe place for youth and adult residents to gather and engage in healthy relationships. Building developmental assets in family develops youth and helps create community. Creating a sense of teamwork between parents and youth empowers both. There were 115 families enrolled in this program in 2019. Banyan partnered with st. David's child development center to offer 5 day, full day preschool for our youngest members. Banyan's preschool family support program consists of staff outreach to the community to encourage enrollment as well as family visits to support parents and caregivers whose children are participating in preschool. Nineteen of our 115 families were enrolled in this subset program in 2019.

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

Creating community: gathering events for banyan families and staff, adult education opportunities (community, leadership, education, and connection programming), and the light house network. Our adult leadership skills training is in response to the requests and needs of our parents. Banyan aims to create models of success that give a sense of hope within the community. Community building is imperative to breaking down the isolation that poverty so often creates. The joy that the gatherings brings is powerful. The work of the block club is essential to create a safe atmosphere for the community to thrive. Most gathering events draw over 200 participants. The adult leadership program hosted 37 connect events, 25 classes, and 1 training resulting in 815 direct service hours. The light house network (banyan block clubs) is organized on 34 blocks, touching over 2,040 neighborhood residents.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The board of directors has set aside certain designated funds. They are an operating reserve of 615,000, an unemployment self insurance reserve of 10,000, and a building and capital asset reserve of 75,000.

Schedule D, Page 3, Part X

The organization has evaluated its potential exposure for uncertain tax positions and management has expressed there are no uncertain tax positions as of december 31, 2019. Tax returns for the past three years remain open for examination by tax jurisidictions.

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IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL O'KEEFE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOANI ESSENBURG
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IRS990/Form990PartVIISectionAGrp/PersonNm8LISA MARCH MAUER
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IRS990/Form990PartVIISectionAGrp/PersonNm15STANLEY JACKSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MissionDesc0THE BANYAN COMMUNITY IS A COMMUNITY DEVELOPMENT ORGANIZATION THAT CONDUCTS ITS MISSION AND PROGRAMS IN A LOW INCOME URBAN NEIGHBORHOOD. THE FOCUS IS ON DEVELOPING YOUTH, STRENGTHENING FAMILIES, AND CREATING A STRONG VIBRANT COMMUNITY.
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IRS990/OfficeExpensesGrp/FundraisingAmt018288
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IRS990/OtherExpensesGrp/Desc1NEW MARKET TAX CREDIT FEE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1550
IRS990/OtherExpensesGrp/ProgramServicesAmt0107999
IRS990/OtherExpensesGrp/ProgramServicesAmt110474
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07743
IRS990/PayrollTaxesGrp/ProgramServicesAmt056232
IRS990/PayrollTaxesGrp/TotalAmt076323
IRS990/PensionPlanContributionsGrp/FundraisingAmt0882
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IRS990/PensionPlanContributionsGrp/TotalAmt010468
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012243
IRS990/PrincipalOfficerNm0JOANI ESSENBURG
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IRS990/ProgSrvcAccomActy2Grp/Desc0FAMILY STRENGTHENING SERVICES: HOME VISITS, PARENT CONFERENCES AND FAMILY SUPPORT IS OFFERED FOR ALL BANYAN FAMILIES. BANYAN OFFERS A SAFE PLACE FOR YOUTH AND ADULT RESIDENTS TO GATHER AND ENGAGE IN HEALTHY RELATIONSHIPS. BUILDING DEVELOPMENTAL ASSETS IN FAMILY DEVELOPS YOUTH AND HELPS CREATE COMMUNITY. CREATING A SENSE OF TEAMWORK BETWEEN PARENTS AND YOUTH EMPOWERS BOTH. THERE WERE 115 FAMILIES ENROLLED IN THIS PROGRAM IN 2019. BANYAN PARTNERED WITH ST. DAVID'S CHILD DEVELOPMENT CENTER TO OFFER 5 DAY, FULL DAY PRESCHOOL FOR OUR YOUNGEST MEMBERS. BANYAN'S PRESCHOOL FAMILY SUPPORT PROGRAM CONSISTS OF STAFF OUTREACH TO THE COMMUNITY TO ENCOURAGE ENROLLMENT AS WELL AS FAMILY VISITS TO SUPPORT PARENTS AND CAREGIVERS WHOSE CHILDREN ARE PARTICIPATING IN PRESCHOOL. NINETEEN OF OUR 115 FAMILIES WERE ENROLLED IN THIS SUBSET PROGRAM IN 2019.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0227819
IRS990/ProgSrvcAccomActy3Grp/Desc0CREATING COMMUNITY: GATHERING EVENTS FOR BANYAN FAMILIES AND STAFF, ADULT EDUCATION OPPORTUNITIES (COMMUNITY, LEADERSHIP, EDUCATION, AND CONNECTION PROGRAMMING), AND THE LIGHT HOUSE NETWORK. OUR ADULT LEADERSHIP SKILLS TRAINING IS IN RESPONSE TO THE REQUESTS AND NEEDS OF OUR PARENTS. BANYAN AIMS TO CREATE MODELS OF SUCCESS THAT GIVE A SENSE OF HOPE WITHIN THE COMMUNITY. COMMUNITY BUILDING IS IMPERATIVE TO BREAKING DOWN THE ISOLATION THAT POVERTY SO OFTEN CREATES. THE JOY THAT THE GATHERINGS BRINGS IS POWERFUL. THE WORK OF THE BLOCK CLUB IS ESSENTIAL TO CREATE A SAFE ATMOSPHERE FOR THE COMMUNITY TO THRIVE. MOST GATHERING EVENTS DRAW OVER 200 PARTICIPANTS. THE ADULT LEADERSHIP PROGRAM HOSTED 37 CONNECT EVENTS, 25 CLASSES, AND 1 TRAINING RESULTING IN 815 DIRECT SERVICE HOURS. THE LIGHT HOUSE NETWORK (BANYAN BLOCK CLUBS) IS ORGANIZED ON 34 BLOCKS, TOUCHING OVER 2,040 NEIGHBORHOOD RESIDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0152008
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IRS990/PYOtherExpensesAmt0639307
IRS990/PYOtherRevenueAmt012746
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IRS990/PYTotalExpensesAmt01780815
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 22,010
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09671622
IRS990ScheduleA/TotalSupportAmt09711593
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.12$0.08$6.04$2.13$2.37$0.25
2024Detailed filing. Detailed filing data is available for this year.$6.36$0.07$6.29$2.29$2.47$0.18
2023Detailed filing. Detailed filing data is available for this year.$6.54$0.08$6.45$1.01$1.22$0.21
2022Detailed filing. Detailed filing data is available for this year.$6.60$0.97$5.63$7.92$2.25$5.67
2021Detailed filing. Detailed filing data is available for this year.$6.37$6.42$0.05$2.13$2.20$0.08
2020Detailed filing. Detailed filing data is available for this year.$6.77$6.74$0.03$1.97$2.18$0.20
2019Detailed filing. Detailed filing data is available for this year.$6.91$6.69$0.23$1.76$2.05$0.29
2018Detailed filing. Detailed filing data is available for this year.$7.21$6.69$0.52$1.94$1.78$0.16
2017Detailed filing. Detailed filing data is available for this year.$6.89$6.67$0.22$1.86$2.16$0.30
2016Detailed filing. Detailed filing data is available for this year.$7.18$6.66$0.52$1.62$1.66$0.05
2015Detailed filing. Detailed filing data is available for this year.$7.64$7.07$0.56$2.60$5.84$3.24
2014Detailed filing. Detailed filing data is available for this year.$3.89$0.09$3.80$2.76$0.80$1.96
2013Detailed filing. Detailed filing data is available for this year.$1.92$0.09$1.83$1.88$0.80$1.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.08$0.73$0.71
2011Summary only. Only limited summary data is available for this year.$0.43$0.08$0.35$0.56$0.57$0.01