Civic Intelligence

Greater Community Credit Union

990 • Fiscal year 2013 • EIN 41-6030714

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 11, 2014

PO Box 1002 711 6th St56232

(320) 769-2908

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.88x

Higher debt load relative to assets than 33% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

77th percentile

21.30x

Higher debt load relative to revenue than 77% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

98th percentile

40%

Higher net margin than 98% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

15th percentile

$132,561

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

80th percentile

6.2%

Faster asset growth than 80% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$129,602,347

Up $7,532,222 (+6.2%) from 2012

Net Assets

Up

$15,282,000

Up $2,132,771 (+16%) from 2012

Liabilities

Up

$114,320,347

Up $5,399,451 (+5.0%) from 2012

Revenue

$5,366,041

No earlier filing loaded for comparison.

Expenses

Down

$3,234,060

Down $100,279 (-3.0%) from 2012

Net Income

$2,131,981

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $100,617,653Liabilities 2010: $91,100,605Net Assets 2010: $9,517,0482010Assets 2011: $114,223,668Liabilities 2011: $103,109,678Net Assets 2011: $11,113,9902011Assets 2012: $122,070,125Liabilities 2012: $108,920,896Net Assets 2012: $13,149,2292012Assets 2013: $129,602,347Liabilities 2013: $114,320,347Net Assets 2013: $15,282,0002013Assets 2014: $136,038,311Liabilities 2014: $118,228,312Net Assets 2014: $17,809,9992014Assets 2015: $144,391,878Liabilities 2015: $123,948,078Net Assets 2015: $20,443,8002015Assets 2016: $153,586,928Liabilities 2016: $130,474,945Net Assets 2016: $23,111,9832016Assets 2017: $163,602,679Liabilities 2017: $137,506,096Net Assets 2017: $26,096,5832017Assets 2018: $167,259,768Liabilities 2018: $137,878,448Net Assets 2018: $29,381,3202018Assets 2019: $185,793,629Liabilities 2019: $153,243,551Net Assets 2019: $32,550,0782019Assets 2020: $214,881,428Liabilities 2020: $179,372,393Net Assets 2020: $35,509,0352020Assets 2021: $264,060,275Liabilities 2021: $223,305,482Net Assets 2021: $40,754,7932021Assets 2022: $274,484,822Liabilities 2022: $229,960,338Net Assets 2022: $44,524,4842022Assets 2023: $261,726,020Liabilities 2023: $212,155,599Net Assets 2023: $49,570,4212023Assets 2024: $282,980,567Liabilities 2024: $228,593,429Net Assets 2024: $54,387,1382024

Highlighted filing

2013

Assets$129,602,347
Liabilities$114,320,347
Net Assets$15,282,000

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $3,660,8292010Expenses 2011: $3,688,5512011Expenses 2012: $3,334,3392012Revenue 2013: $5,366,041Expenses 2013: $3,234,060Net Income 2013: $2,131,9812013Revenue 2014: $5,578,600Expenses 2014: $3,052,222Net Income 2014: $2,526,3782014Revenue 2015: $5,879,592Expenses 2015: $3,243,623Net Income 2015: $2,635,9692015Revenue 2016: $6,128,580Expenses 2016: $3,460,397Net Income 2016: $2,668,1832016Revenue 2017: $6,601,482Expenses 2017: $3,616,882Net Income 2017: $2,984,6002017Revenue 2018: $7,456,508Expenses 2018: $4,171,771Net Income 2018: $3,284,7372018Revenue 2019: $8,076,248Expenses 2019: $4,907,490Net Income 2019: $3,168,7582019Revenue 2020: $8,118,714Expenses 2020: $5,159,757Net Income 2020: $2,958,9572020Revenue 2021: $8,484,889Expenses 2021: $4,711,541Net Income 2021: $3,773,3482021Revenue 2022: $8,742,446Expenses 2022: $4,972,755Net Income 2022: $3,769,6912022Revenue 2023: $12,614,357Expenses 2023: $7,568,420Net Income 2023: $5,045,9372023Revenue 2024: $14,799,692Expenses 2024: $9,982,975Net Income 2024: $4,816,7172024

Highlighted filing

2013

Revenue$5,366,041
Expenses$3,234,060
Net Income$2,131,981
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 11, 2014
Return Version
2013v3.1
Gross Receipts
$5,369,641
Mission and Program Overview

Mission

Our mission is to be a leader in the community, while being the primary financial institution of our members. The dawson co-op credit union offers our membership high quality, low cost services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$83,189,605$90,102,618▲ $6,913,013
Savings and Temporary Cash Investments$30,857,489$31,312,730▲ $455,241
Rtn Earn Endowment Incm Other Fnds$13,149,229$15,282,000▲ $2,132,771
Receivables From Officers Etc$4,547,360$4,698,396▲ $151,036
Investments Program Related$1,014,456$1,076,360▲ $61,904
Cash and Non-Interest-Bearing Accounts$798,698$659,123▼ $139,575
Land, Buildings, and Equipment, Net$381,981$426,811▲ $44,830
Prepaid Expenses and Deferred Charges$43,554$41,452▼ $2,102
Total Assets$122,070,125$129,602,347▲ $7,532,222
Other Assets Total$1,236,982$1,284,857▲ $47,875
Liabilities
Other Liabilities$108,857,754$114,253,085▲ $5,395,331
Accounts Payable and Accrued Expenses$63,142$67,262▲ $4,120
Total Liabilities$108,920,896$114,320,347▲ $5,399,451
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,149,229$15,282,000▲ $2,132,771
Total Liabilities and Net Assets / Fund Balance$122,070,125$129,602,347▲ $7,532,222

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$300,272$241,887$542,159
Equipment$106,539$365,907$472,446
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John NevinsManagerFT$107,362$25,199$132,561
Janell KemenTreasurer-$780-$780

Board Members and Trustees

NameTitle
Gene SisPresident
Randy FjerkenstadV. President
David DoveDirector
Jim PrestholdtDirector
Lenae WordesDirector
David ZaskeSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Harland Financial SolutionsTechnology Serv-$159,765
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,118,880
Investment Income
$237,441
Other Revenue
$9,720
Change in Net Assets
$2,131,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,352,090
Salaries, Compensation, and Employee Benefits$1,107,065
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$774,905
Other Salaries and Wages---$718,039
Fees for Services Accounting---$315,873
Other Employee Benefits---$152,093
Current Officers, Directors, Trustees, and Key Employees---$133,341
Fees for Services Other---$81,381
Office Expenses---$74,376
Payroll Taxes---$65,279
Advertising---$56,808
Depreciation Depletion---$56,611
Occupancy---$44,371
Pension Plan Contributions---$38,313
Insurance---$33,540
Information Technology---$21,992
Fees for Services Legal---$19,119
Travel---$13,303
Conferences and Meetings---$9,704
Other Expenses---$9,289
All Other Expenses---$4,728
Total Functional Expenses$0$0$0$3,234,060
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$4,547,360$4,698,396▲ $151,036
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Drafts, Certificates$114,253,085
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization is organized with members.

Form 990, Page 6, Part VI, Line 7A

The organization has members that may elect one or more members of the governing board.

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing body are subject to approval by members.

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

A copy of the 990 was provided to the board for review.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

EIN
41-6030714
Phone
3207692908

Signing Officer

Name
John Nevins
Title
Manager
Phone
3207692908
Signed
2014-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Nevins
Formed
1961
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
20
Volunteers
10

Preparer

Preparer
James B Knutson
Phone
3202692146
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

WOLD AGENCY, LLC K-1 790

Raw XML Appendix382 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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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt335818
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt410122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04604137
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1312560
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2156243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt335818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410122
IRS990/ProgSrvcAccomActy2Grp/Desc0LIFE SAVINGS INSURANCE BASED ON THE AMOUNT IN MEMBERS SHARE ACCOUNTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0ANNUAL MEETING OF THE CREDIT UNION AT WHICH THE OFFICERS REPORT TO THE MEMBERSHIP OF THE OPERATION OF THE CREDIT UNION. BOARD MEMBERS ARE ALSO ELECTED AT THIS MEETING. WE HAD 82 MEMBERS ATTEND THIS YEAR.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0973181
IRS990/PYInvestmentIncomeAmt0238317
IRS990/PYOtherExpensesAmt01287467
IRS990/PYOtherRevenueAmt012326
IRS990/PYProgramServiceRevenueAmt05120624
IRS990/PYRevenuesLessExpensesAmt02036928
IRS990/PYSalariesCompEmpBnftPaidAmt01073691
IRS990/PYTotalExpensesAmt03334339
IRS990/PYTotalRevenueAmt05371267
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt04547360
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt04698396
IRS990/ReconcilationRevenueExpnssAmt02131981
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt03971
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03971
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013149229
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015282000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030857489
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031312730
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0300272
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0241887
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0542159
IRS990ScheduleD/EquipmentGrp/BookValueAmt0106539
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0365907
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0472446
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0114253085
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DRAFTS, CERTIFICATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0426811
IRS990ScheduleD/TotalLiabilityAmt0114253085
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/TotalBalanceDueAmt04698396
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS ORGANIZED WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS THAT MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE 990 WAS PROVIDED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WOLD AGENCY, LLC K-1 790
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0122070125
IRS990/TotalAssetsEOYAmt0129602347
IRS990/TotalAssetsGrp/BOYAmt0122070125
IRS990/TotalAssetsGrp/EOYAmt0129602347
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03234060
IRS990/TotalGrossUBIAmt05749
IRS990/TotalLiabilitiesBOYAmt0108920896
IRS990/TotalLiabilitiesEOYAmt0114320347
IRS990/TotalLiabilitiesGrp/BOYAmt0108920896
IRS990/TotalLiabilitiesGrp/EOYAmt0114320347
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013149229
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015282000
IRS990/TotalOtherCompensationAmt025199
IRS990/TotalProgramServiceRevenueAmt05118880
IRS990/TotalReportableCompFromOrgAmt0108142
IRS990/TotalRevenueGrp/ExclusionAmt0241412
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05118880
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05366041
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05749
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0122070125
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0129602347
IRS990/TravelGrp/TotalAmt013303
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 1002 711 6TH ST
IRS990/USAddress/City0DAWSON
IRS990/USAddress/State0MN
IRS990/USAddress/ZIPCode056232
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.DAWSONCO-OPCU.COM
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN NEVINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03207692908
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10DAWSON CO-OP CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0DAWS
ReturnHeader/Filer/EIN0416030714
ReturnHeader/Filer/PhoneNum03207692908
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 1002 711 6TH ST
ReturnHeader/Filer/USAddress/City0DAWSON
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode056232
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470526649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10DANA F COLE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 502
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MONTEVIDEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode056265
ReturnHeader/PreparerPersonGrp/PhoneNum03202692146
ReturnHeader/PreparerPersonGrp/PreparationDt02014-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES B KNUTSON
ReturnHeader/ReturnTs02014-07-08T11:48:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$283$229$54.4$14.8$9.98$4.82
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$262$212$49.6$12.6$7.57$5.05
2022Detailed filing. Detailed filing data is available for this year.$274$230$44.5$8.74$4.97$3.77
2021Detailed filing. Detailed filing data is available for this year.$264$223$40.8$8.48$4.71$3.77
2020Detailed filing. Detailed filing data is available for this year.$215$179$35.5$8.12$5.16$2.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$186$153$32.6$8.08$4.91$3.17
2018Detailed filing. Detailed filing data is available for this year.$167$138$29.4$7.46$4.17$3.28
2017Detailed filing. Detailed filing data is available for this year.$164$138$26.1$6.60$3.62$2.98
2016Detailed filing. Detailed filing data is available for this year.$154$130$23.1$6.13$3.46$2.67
2015Detailed filing. Detailed filing data is available for this year.$144$124$20.4$5.88$3.24$2.64
2014Detailed filing. Detailed filing data is available for this year.$136$118$17.8$5.58$3.05$2.53
2013Detailed filing. Detailed filing data is available for this year.$130$114$15.3$5.37$3.23$2.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$109$13.1$3.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$103$11.1$3.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$91.1$9.52$3.66