Civic Intelligence

The Grayson School

990 • Fiscal year 2019 • EIN 45-5604824

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 07, 2020

Organization ProfileTHEGRAYSONSCHOOL.ORG
211 Matsonford RdRadnor, PA 19087

(484) 428-3241

Siviq Scores

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

Liabilities / Assets

95th percentile

1.28x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.25x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

22nd percentile

-8.2%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$113,470

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

94th percentile

85%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

44%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$503,572

Up $231,969 (+85%) from 2018

Net Assets

Down

-$141,558

Down $211,719 (-302%) from 2018

Liabilities

Up

$645,130

Up $443,688 (+220%) from 2018

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin22nd percentile

Revenue

Up

$2,596,290

Up $787,090 (+44%) from 2018

Expenses

Up

$2,809,581

Up $982,211 (+54%) from 2018

Net Income

Down

-$213,291

Down $195,121 (-1074%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $249,338Liabilities 2016: $91,150Net Assets 2016: $158,1882016Assets 2017: $203,584Liabilities 2017: $115,253Net Assets 2017: $88,3312017Assets 2018: $271,603Liabilities 2018: $201,442Net Assets 2018: $70,1612018Assets 2019: $503,572Liabilities 2019: $645,130Net Assets 2019: -$141,5582019Assets 2020: $2,085,811Liabilities 2020: $1,833,997Net Assets 2020: $251,8142020Assets 2021: $2,242,711Liabilities 2021: $1,664,838Net Assets 2021: $577,8732021Assets 2022: $3,543,812Liabilities 2022: $1,790,135Net Assets 2022: $1,753,6772022Assets 2023: $4,519,177Liabilities 2023: $2,711,535Net Assets 2023: $1,807,6422023Assets 2024: $4,869,743Liabilities 2024: $3,755,970Net Assets 2024: $1,113,7732024Assets 2025: $4,510,911Liabilities 2025: $3,727,578Net Assets 2025: $783,3332025

Highlighted filing

2019

Assets$503,572
Liabilities$645,130
Net Assets-$141,558
Open 2019 Filing

Operations Trend

Revenue Growth86th percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $496,357Expenses 2016: $360,906Net Income 2016: $135,4512016Revenue 2017: $1,013,195Expenses 2017: $1,083,052Net Income 2017: -$69,8572017Revenue 2018: $1,809,200Expenses 2018: $1,827,370Net Income 2018: -$18,1702018Revenue 2019: $2,596,290Expenses 2019: $2,809,581Net Income 2019: -$213,2912019Revenue 2020: $4,359,818Expenses 2020: $3,966,446Net Income 2020: $393,3722020Revenue 2021: $5,527,978Expenses 2021: $5,201,919Net Income 2021: $326,0592021Revenue 2022: $7,354,694Expenses 2022: $6,179,555Net Income 2022: $1,175,1392022Revenue 2023: $8,078,191Expenses 2023: $8,022,406Net Income 2023: $55,7852023Revenue 2024: $8,473,363Expenses 2024: $9,179,908Net Income 2024: -$706,5452024Revenue 2025: $8,454,246Expenses 2025: $8,783,065Net Income 2025: -$328,8192025

Highlighted filing

2019

Revenue$2,596,290
Expenses$2,809,581
Net Income-$213,291
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 7, 2020
Return Version
2018v3.2
Gross Receipts
$2,634,771
Mission and Program Overview

Mission

The grayson school provides gifted children a challenging, research-based education worthy of their intellect and their intrinsic desire to learn and think deeply. We serve as a valued resource for the gifted education community in philadelphia and nationwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,187$293,555▲ $278,368
Pledges and Grants Receivable$148,334$95,715▼ $52,619
Land, Buildings, and Equipment, Net-$41,409-
Accounts Receivable$85,427$37,243▼ $48,184
Prepaid Expenses and Deferred Charges$22,655$35,650▲ $12,995
Total Assets$271,603$503,572▲ $231,969
Liabilities
Deferred Revenue$90,396$430,523▲ $340,127
Accounts Payable and Accrued Expenses$109,935$214,607▲ $104,672
Mortgage Notes Payable Secured by Investment Property$1,111--
Total Liabilities$201,442$645,130▲ $443,688
Net Assets / Fund Balance
Temporarily Rstr Net Assets$135,000$104,965▼ $30,035
Unrestricted Net Assets$-64,839$-246,523▼ $181,684
Total Net Assets Fund Balance$70,161$-141,558▼ $211,719
Total Liabilities and Net Assets / Fund Balance$271,603$503,572▲ $231,969

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$41,409-$41,409
Equipment-$2,000$2,000
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa BilashExecutive DiFT$98,500$14,970$113,470

Board Members and Trustees

NameTitle
Sam GreenblattChairman
Barbara HafnerOfficer
H Elizabeth Braun PhdOfficer
Idris Stovall PhdOfficer
Jennifer Nance JdOfficer
Jill Dougherty MedOfficer
Jill Jacobs Cohen EddOfficer
Joseph S SunOfficer
Karen NoonanOfficer
Karl a Morris PhdOfficer
Nita SeelingerOfficer
Suzanne CiongoliOfficer
Jeff Levinson MbaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$517,775
Program Service Revenue
$2,066,812
Investment Income
$514
Other Revenue
$11,189
All Other Contributions
$398,077
Change in Net Assets
$-213,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,990,707
Revenue Not Reported on Financial Statements
$605,583
Revenue Not Reported on Form 990
$11,572
Other Revenue Adjustments
$605,583
Total Revenue per Audited Statements
$2,002,279
Total Revenue per Form 990
$2,596,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,546,332
Other Expenses$657,666
Grants and Similar Amounts Paid$605,583
Total Fundraising Expense$54,474
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,149,007$76,756$13,333$1,239,096
Grants to Domestic Individuals$605,583--$605,583
Occupancy$226,593$28,860$1,077$256,530
Other Employee Benefits$92,824$6,597$5,549$104,970
Payroll Taxes$92,367$5,561$3,338$101,266
Current Officers, Directors, Trustees, and Key Employees$60,600$10,100$30,300$101,000
All Other Expenses$14,803$78,366$188$93,357
Fees for Services Accounting-$35,500-$35,500
Other Expenses$27,936$4,587$171$27,936
Travel-$25,118-$25,118
Insurance$14,351$1,030$518$15,899
Office Expenses$146$13,626-$13,772
Advertising-$12,391-$12,391
Conferences and Meetings-$10,518-$10,518
Fees for Services Legal-$7,012-$7,012
Information Technology-$6,337-$6,337
Fees for Services Other-$5,390-$5,390
Interest-$1,756-$1,756
Total Functional Expenses$2,425,602$329,505$54,474$2,809,581

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,809,581
Total Expenses per Audited Statements$2,213,998
Expenses per Audited Statements$2,203,998
Expenses Not Reported on Financial Statements$605,583
Other Expense Adjustments$605,583
Expenses Not Reported on Form 990$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,842
Fundraising Direct Expenses$38,481
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
GROW^2$158,540$38,842$38,481$361
Total Events$158,540$38,842$38,481$361
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The 990 is sent out electronically to the board for approval before it is filed.”

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

“The organization consistently monitors compliance with its written conflict of interest policy.”

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

“The executive director's salary is approved by the board of directors.”

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

“The board reviews and approves compensation to any other officers or key employees.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
The Grayson School
EIN
45-5604824
Phone
4844283241
Address
211 MATSONFORD RD, RADNOR, PA 19087

Signing Officer

Name
Melissa Bilash
Title
Executive Director
Phone
6109095172
Signed
2020-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Bilash
Formed
2012
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
50
Volunteers
25

Preparer

Firm
O'CONNELL & COMPANY LLC
Address
165 TOWNSHIP LINE RD STE 1100, JENKINTOWN, PA 19046
Preparer
John W Rutecki CPA
Phone
2158874425
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The grayson school provides gifted children a challenging, research-based education worthy of their intellect and their intrinsic desire to learn and think deeply. We serve as a valued resource for the gifted education community in philadelphia and nationwide.”

Form 990, Part XI, Line 9

“Financial aid -605,583 financial aid 605,583”

Financial Statement Notes

Schedule D, Page 3, Part X

“The school is exempt from income tax under irc section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The school has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations; and to identify and evaluate other matters that may be considered tax positions. The school has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.”

Schedule D, Page 4, Part XI, Line 4B

“FINANCIAL AID 605,583”

Schedule D, Page 4, Part XII, Line 4B

“FINANCIAL AID 605,583”

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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/InsuranceGrp/FundraisingAmt0518
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IRS990/MissionDesc0THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05549
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06597
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt092824
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IRS990/OtherExpensesGrp/Desc0CLASSROOM SUPPLIES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04587
IRS990/OtherExpensesGrp/ProgramServicesAmt075756
IRS990/OtherExpensesGrp/ProgramServicesAmt136014
IRS990/OtherExpensesGrp/ProgramServicesAmt229622
IRS990/OtherExpensesGrp/ProgramServicesAmt327936
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IRS990/OtherExpensesGrp/TotalAmt140772
IRS990/OtherExpensesGrp/TotalAmt229622
IRS990/OtherExpensesGrp/TotalAmt327936
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/PayrollTaxesGrp/FundraisingAmt03338
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05561
IRS990/PayrollTaxesGrp/ProgramServicesAmt092367
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022655
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035650
IRS990/PrincipalOfficerNm0MELISSA BILASH
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILIARY PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02006254
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt160558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02006254
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt160558
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0315844
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IRS990/PYRevenuesLessExpensesAmt0-18170
IRS990/PYSalariesCompEmpBnftPaidAmt01113070
IRS990/PYTotalExpensesAmt01827370
IRS990/PYTotalRevenueAmt01809200
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-213291
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02066812
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt010000
IRS990ScheduleD/DonatedServicesUseFcltsAmt010000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02000
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IRS990ScheduleD/ExpensesNotReportedAmt010000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0605583
IRS990ScheduleD/ExpensesSubtotalAmt02203998
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01572
IRS990ScheduleD/OtherExpensesNotIncludedAmt0605583
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041409
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041409
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0605583
IRS990ScheduleD/RevenueNotReportedAmt011572
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0605583
IRS990ScheduleD/RevenueSubtotalAmt01990707
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE SCHOOL HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID 605,583
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 605,583
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt02809581
IRS990ScheduleD/TotalRevenuePerForm990Amt02596290
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02002279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02213998
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0119698
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0361
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt038481

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$503,572
Liabilities
$645,130
Net assets
-$141,558
Revenue
$2,596,290
Expenses
$2,809,581
Net income
-$213,291
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.51$3.73$0.78$8.45$8.78$0.33
2024Detailed filing. Detailed filing data is available for this year.$4.87$3.76$1.11$8.47$9.18$0.71
2023Detailed filing. Detailed filing data is available for this year.$4.52$2.71$1.81$8.08$8.02$0.06
2022Detailed filing. Detailed filing data is available for this year.$3.54$1.79$1.75$7.35$6.18$1.18
2021Detailed filing. Detailed filing data is available for this year.$2.24$1.66$0.58$5.53$5.20$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.09$1.83$0.25$4.36$3.97$0.39
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.65$0.14$2.60$2.81$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.20$0.07$1.81$1.83$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.12$0.09$1.01$1.08$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.09$0.16$0.50$0.36$0.14