Civic Intelligence

Fulton County Center for Regional Growth Inc.

990 • Fiscal year 2019 • EIN 45-4919269

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

Organization ProfileWWW.FCCRG.ORG
34 West Fulton StGloversville, NY 12078

(518) 725-7700

Siviq Scores

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

Liabilities / Assets

49th percentile

0.09x

Higher debt load relative to assets than 49% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.17x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

78th percentile

$104,828

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Asset Growth

15th percentile

-13%

Faster asset growth than 15% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

10%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$920,345

Down $133,350 (-13%) from 2018

Net Assets

Down

$837,430

Down $86,304 (-9.3%) from 2018

Liabilities

Down

$82,915

Down $47,046 (-36%) from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin15th percentile

Revenue

Up

$498,379

Up $46,117 (+10%) from 2018

Expenses

Up

$584,683

Up $32,113 (+5.8%) from 2018

Net Income

Up

-$86,304

Up $14,004 (+14%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $226,890Liabilities 2012: $20,383Net Assets 2012: $206,5072012Assets 2013: $200,343Liabilities 2013: $22,930Net Assets 2013: $177,4132013Assets 2014: $691,924Liabilities 2014: $71,160Net Assets 2014: $620,7642014Assets 2015: $545,481Liabilities 2015: $126,666Net Assets 2015: $418,8152015Assets 2016: $1,146,939Liabilities 2016: $148,626Net Assets 2016: $998,3132016Assets 2017: $1,164,759Liabilities 2017: $140,717Net Assets 2017: $1,024,0422017Assets 2018: $1,053,695Liabilities 2018: $129,961Net Assets 2018: $923,7342018Assets 2019: $920,345Liabilities 2019: $82,915Net Assets 2019: $837,4302019Assets 2020: $1,444,749Liabilities 2020: $644,167Net Assets 2020: $800,5822020Assets 2021: $1,218,758Liabilities 2021: $188,830Net Assets 2021: $1,029,9282021Assets 2022: $1,172,211Liabilities 2022: $71,847Net Assets 2022: $1,100,3642022Assets 2023: $1,201,882Liabilities 2023: $51,958Net Assets 2023: $1,149,9242023

Highlighted filing

2019

Assets$920,345
Liabilities$82,915
Net Assets$837,430
Open 2019 Filing

Operations Trend

Revenue Growth62nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $576,175Expenses 2012: $369,668Net Income 2012: $206,5072012Revenue 2013: $429,678Expenses 2013: $458,772Net Income 2013: -$29,0942013Revenue 2014: $776,602Expenses 2014: $333,251Net Income 2014: $443,3512014Revenue 2015: $324,784Expenses 2015: $526,810Net Income 2015: -$202,0262015Revenue 2016: $1,006,543Expenses 2016: $427,045Net Income 2016: $579,4982016Revenue 2017: $638,549Expenses 2017: $612,820Net Income 2017: $25,7292017Revenue 2018: $452,262Expenses 2018: $552,570Net Income 2018: -$100,3082018Revenue 2019: $498,379Expenses 2019: $584,683Net Income 2019: -$86,3042019Revenue 2020: $1,128,232Expenses 2020: $1,165,080Net Income 2020: -$36,8482020Revenue 2021: $882,163Expenses 2021: $652,817Net Income 2021: $229,3462021Revenue 2022: $896,440Expenses 2022: $826,004Net Income 2022: $70,4362022Revenue 2023: $1,024,196Expenses 2023: $974,636Net Income 2023: $49,5602023

Highlighted filing

2019

Revenue$498,379
Expenses$584,683
Net Income-$86,304
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 24, 2020
Return Version
2019v5.0
Gross Receipts
$498,379
Mission and Program Overview

Mission

To strengthen our economic base, facilitate sustainable growth, enhance the competitive position of our region, its counties, towns and cities and facilitate investments that build capacity ,create jobs, improve quality of life and increase the standard of living for all of its residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,286$482,391▲ $406,105
Land, Buildings, and Equipment, Net$350,401$340,718▼ $9,683
Savings and Temporary Cash Investments$511,085$60,453▼ $450,632
Accounts Receivable$113,921$35,428▼ $78,493
Prepaid Expenses and Deferred Charges$2,002$1,355▼ $647
Total Assets$1,053,695$920,345▼ $133,350
Liabilities
Deferred Revenue$109,034$56,495▼ $52,539
Other Liabilities$18,500$20,065▲ $1,565
Accounts Payable and Accrued Expenses$2,427$6,355▲ $3,928
Total Liabilities$129,961$82,915▼ $47,046
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$923,734$837,430▼ $86,304
Total Net Assets Fund Balance$923,734$837,430▼ $86,304
Total Liabilities and Net Assets / Fund Balance$1,053,695$920,345▼ $133,350
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ronald PetersPresident/ceFT$104,828$104,828

Board Members and Trustees

NameTitle
Kent KirchChair
Dr Leslie FordVice Chair
Geoffrey PeckDirector
Grant PrestonDirector
Terry EasterlyDirector
Timothy BeckettDirector
Travis MitchellDirector
Gregory FaganSecretary
Ronald OlinskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$333,865
Investment Income
$0
Other Revenue
$164,514
Change in Net Assets
$-86,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$498,379
Total Revenue per Audited Statements
$498,379
Total Revenue per Form 990
$498,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$314,556
Other Expenses$270,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$116,591$27,348-$143,939
Current Officers, Directors, Trustees, and Key Employees$104,828$5,241-$110,069
Occupancy$90,536$10,060-$100,596
Advertising$99,365--$99,365
Payroll Taxes$52,780$7,768-$60,548
Fees for Services Accounting-$20,902-$20,902
Office Expenses$9,542$9,541-$19,083
Insurance$7,397$7,397-$14,794
Fees for Services Legal$13,773--$13,773
Other Expenses-$1,614-$1,614
Total Functional Expenses$494,812$89,871$0$584,683

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$584,683
Total Expenses per Audited Statements$584,683
Total Expenses per Form 990$584,683
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$20,065
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
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

“Membership is drawn from individuals and organizations interested in the industrial, commerical, and economic development of the fulton county area in new york. Voting members are elected upon application by a majority of the board.”

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

“Voting members participate in corporate governance through voting for the board of directors.”

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

“Issues of significance impacting on the overall governance require approval of the general body of membership before changes can be made.”

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

“The completed form 990 is circulated for review, questions and comments to members of the board prior to finalization for filing.”

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

“Executive director and board annually review and monitor conflicts of interest”

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

“Ceo salary is set by the board of directors on an annual basis”

Form 990, Page 6, Part VI, Line 19

“Statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fulton County Center for Regional
EIN
45-4919269
Phone
5187257700
Address
34 WEST FULTON ST, GLOVERSVILLE, NY 12078

Signing Officer

Name
Ronald Peters
Title
President/CEO
Phone
5187628700
Signed
2020-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Peters
Formed
2012
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
8

Preparer

Firm
West & Company Cpas Pc
Address
PO BOX 1219, GLOVERSVILLE, NY 12078-0354
Preparer
Amy M Pedrick
Phone
5187257127
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To strengthen our economic base, facilitate sustainable growth, enhance the competitive position of our region, its counties, towns and cities and facilitate investments that build capacity ,create jobs, improve quality of life and increase the standard of living for all of its residents.”

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

“Promoting economic development within fulton county, new york through administration of certain government grants and projects including revolving loan pools, crossroads industrial park, johnstown industrial park, crossroads business park, empire zone, incubator building, business assistance center, and estee commons apartment complex.”

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IRS990/ProgramServiceRevenueGrp/Desc1DUES
IRS990/ProgramServiceRevenueGrp/Desc2ADMINISTRATIVE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3MANAGEMENT FEE INCOME (CIC)
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0254328
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt153567
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223576
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32394
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223576
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32394
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROMOTING ECONOMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS AND PROJECTS INCLUDING REVOLVING LOAN POOLS, CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK, EMPIRE ZONE, INCUBATOR BUILDING, BUSINESS ASSISTANCE CENTER, AND ESTEE COMMONS APARTMENT COMPLEX.
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IRS990/PYOtherRevenueAmt0141887
IRS990/PYProgramServiceRevenueAmt0255375
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt075000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0358200
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0358200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0127414
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IRS990ScheduleD/ExpensesSubtotalAmt0584683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0498379
IRS990ScheduleD/TotalExpensesPerForm990Amt0584683
IRS990ScheduleD/TotalLiabilityAmt020065
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO STRENGTHEN OUR ECONOMIC BASE, FACILITATE SUSTAINABLE GROWTH, ENHANCE THE COMPETITIVE POSITION OF OUR REGION, ITS COUNTIES, TOWNS AND CITIES AND FACILITATE INVESTMENTS THAT BUILD CAPACITY ,CREATE JOBS, IMPROVE QUALITY OF LIFE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROMOTING ECONOMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS AND PROJECTS INCLUDING REVOLVING LOAN POOLS, CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK, EMPIRE ZONE, INCUBATOR BUILDING, BUSINESS ASSISTANCE CENTER, AND ESTEE COMMONS APARTMENT COMPLEX.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIP IS DRAWN FROM INDIVIDUALS AND ORGANIZATIONS INTERESTED IN THE INDUSTRIAL, COMMERICAL, AND ECONOMIC DEVELOPMENT OF THE FULTON COUNTY AREA IN NEW YORK. VOTING MEMBERS ARE ELECTED UPON APPLICATION BY A MAJORITY OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VOTING MEMBERS PARTICIPATE IN CORPORATE GOVERNANCE THROUGH VOTING FOR THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ISSUES OF SIGNIFICANCE IMPACTING ON THE OVERALL GOVERNANCE REQUIRE APPROVAL OF THE GENERAL BODY OF MEMBERSHIP BEFORE CHANGES CAN BE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPLETED FORM 990 IS CIRCULATED FOR REVIEW, QUESTIONS AND COMMENTS TO MEMBERS OF THE BOARD PRIOR TO FINALIZATION FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXECUTIVE DIRECTOR AND BOARD ANNUALLY REVIEW AND MONITOR CONFLICTS OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CEO SALARY IS SET BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CROSSROADS INCUBATOR CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FULTON COUNTY ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0141713435
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1146039695
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0110 DECKER DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1110 DECKER DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JOHNSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1JOHNSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0920345
IRS990/TotalAssetsGrp/BOYAmt01053695
IRS990/TotalAssetsGrp/EOYAmt0920345
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089871
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0494812
IRS990/TotalFunctionalExpensesGrp/TotalAmt0584683
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IRS990/TotalProgramServiceExpensesAmt0494812
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0498379
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0498379
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01053695
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$920,345
Liabilities
$82,915
Net assets
$837,430
Revenue
$498,379
Expenses
$584,683
Net income
-$86,304
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.20$0.05$1.15$1.02$0.97$0.05
2022Summary only. Only limited summary data is available for this year.$1.17$0.07$1.10$0.90$0.83$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.19$1.03$0.88$0.65$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.64$0.80$1.13$1.17$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.08$0.84$0.50$0.58$0.09
2018Summary only. Only limited summary data is available for this year.$1.05$0.13$0.92$0.45$0.55$0.10
2017Summary only. Only limited summary data is available for this year.$1.16$0.14$1.02$0.64$0.61$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.15$1.00$1.01$0.43$0.58
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.13$0.42$0.32$0.53$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.07$0.62$0.78$0.33$0.44
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.18$0.43$0.46$0.03
2012Summary only. Only limited summary data is available for this year.$0.23$0.02$0.21$0.58$0.37$0.21