Civic Intelligence

Madison Highland Prep

990 • Fiscal year 2023 • EIN 46-2323366

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

Organization ProfileWWW.MADISONHIGHLANDPREP.COM
1431 East Campbell AvenuePhoenix, AZ 85014

(602) 745-3800

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.15x

Higher debt load relative to assets than 53% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.11x

Higher debt load relative to revenue than 39% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

35th percentile

$91,923

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

83rd percentile

30%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

1.2%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$4,383,854

Up $1,001,838 (+30%) from 2022

Net Assets

Up

$3,732,884

Up $717,219 (+24%) from 2022

Liabilities

Up

$650,970

Up $284,619 (+78%) from 2022

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin65th percentile

Revenue

Up

$6,106,548

Up $72,378 (+1.2%) from 2022

Expenses

Up

$5,389,329

Up $23,503 (+0.4%) from 2022

Net Income

Up

$717,219

Up $48,875 (+7.3%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $74,378Liabilities 2014: $113,548Net Assets 2014: -$39,1702014Assets 2015: $341,006Liabilities 2015: $583,218Net Assets 2015: -$242,2122015Assets 2016: $463,489Liabilities 2016: $485,595Net Assets 2016: -$22,1062016Assets 2017: $616,559Liabilities 2017: $597,217Net Assets 2017: $19,3422017Assets 2018: $1,133,319Liabilities 2018: $963,115Net Assets 2018: $170,2042018Assets 2019: $1,709,060Liabilities 2019: $1,287,603Net Assets 2019: $421,4572019Assets 2020: $2,144,941Liabilities 2020: $917,313Net Assets 2020: $1,227,6282020Assets 2021: $2,925,839Liabilities 2021: $578,518Net Assets 2021: $2,347,3212021Assets 2022: $3,382,016Liabilities 2022: $366,351Net Assets 2022: $3,015,6652022Assets 2023: $4,383,854Liabilities 2023: $650,970Net Assets 2023: $3,732,8842023Assets 2024: $4,932,262Liabilities 2024: $921,340Net Assets 2024: $4,010,9222024

Highlighted filing

2023

Assets$4,383,854
Liabilities$650,970
Net Assets$3,732,884
Open 2023 Filing

Operations Trend

Revenue Growth40th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $397,480Expenses 2014: $438,150Net Income 2014: -$40,6702014Revenue 2015: $1,144,603Expenses 2015: $1,358,022Net Income 2015: -$213,4192015Revenue 2016: $2,103,125Expenses 2016: $1,883,019Net Income 2016: $220,1062016Revenue 2017: $3,099,035Expenses 2017: $3,057,587Net Income 2017: $41,4482017Revenue 2018: $4,025,882Expenses 2018: $3,875,020Net Income 2018: $150,8622018Revenue 2019: $4,457,635Expenses 2019: $4,206,381Net Income 2019: $251,2542019Revenue 2020: $4,641,669Expenses 2020: $3,835,498Net Income 2020: $806,1712020Revenue 2021: $5,187,031Expenses 2021: $4,067,338Net Income 2021: $1,119,6932021Revenue 2022: $6,034,170Expenses 2022: $5,365,826Net Income 2022: $668,3442022Revenue 2023: $6,106,548Expenses 2023: $5,389,329Net Income 2023: $717,2192023Revenue 2024: $6,601,764Expenses 2024: $6,323,726Net Income 2024: $278,0382024

Highlighted filing

2023

Revenue$6,106,548
Expenses$5,389,329
Net Income$717,219
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$6,106,548
Mission and Program Overview

Mission

To create opportunities for students and families to develop critical thinking skills that will ensure that they become successful members of an increasingly innovation-driven society and global marketplace.

To prepare students to succeed in the future global arena by emphasizing critical thinking and inquiry learning and tying course content to interrelated themes to increase relevance and application.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,100,424$2,198,024▲ $1,097,600
Cash and Non-Interest-Bearing Accounts$1,216,011$1,371,817▲ $155,806
Pledges and Grants Receivable$647,783$526,967▼ $120,816
Land, Buildings, and Equipment, Net$268,275$221,607▼ $46,668
Other Notes and Loans Receivable, Net$132,995$65,439▼ $67,556
Prepaid Expenses and Deferred Charges$16,528--
Total Assets$3,382,016$4,383,854▲ $1,001,838
Liabilities
Accounts Payable and Accrued Expenses$287,354$571,973▲ $284,619
Deferred Revenue$78,997$78,997→ $0
Total Liabilities$366,351$650,970▲ $284,619
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,015,665$3,732,884▲ $717,219
Total Net Assets Fund Balance$3,015,665$3,732,884▲ $717,219
Total Liabilities and Net Assets / Fund Balance$3,382,016$4,383,854▲ $1,001,838

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$210,107$355,495$565,602
Land$11,500--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Kerry ClarkExecutive DiFT$91,923$91,923

Board Members and Trustees

NameTitle
Dr Don EnzPresident
Dr Kimberly GuerinDirector
Dr Wendy OakesDirector
Sue BradleyDirector
Don FlanaganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,902,140
Program Service Revenue
$183,016
Investment Income
$21,392
Other Revenue
$0
All Other Contributions
$600
Change in Net Assets
$717,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,106,548
Total Revenue per Audited Statements
$6,106,548
Total Revenue per Form 990
$6,106,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,008,725
Other Expenses$2,380,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,342,441$884,037-$2,226,478
Fees for Services Other$545,256$319,508-$864,764
Office Expenses$628,988$113,053-$742,041
Occupancy$599,960$66,662-$666,622
Other Employee Benefits$302,822$219,667-$522,489
Payroll Taxes$102,697$73,984-$176,681
Current Officers, Directors, Trustees, and Key Employees-$83,077-$83,077
Fees for Services Accounting-$60,509-$60,509
Depreciation Depletion$46,668--$46,668
Total Functional Expenses$3,568,832$1,820,497$0$5,389,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,389,329
Total Expenses per Audited Statements$5,389,329
Total Expenses per Form 990$5,389,329
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
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 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
No
Management duties delegated
No

Governance Explanations

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

“The executive director of the school distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed. At the first meeting follwoing the filing of the 990 with the irs, the completed form is presented to the board by the school's lead officers with responsibility over the form 990's review; thereafter, questions are taken and the form, its preparation and its public relation impact is discussed.”

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

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from the discussion if there could be a preceived conflict annually, the school reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

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

“The board of directors review the compensation for the executive director by comparing their compensation to the compensation of individuals in like positions, in comparable organizations using forms 990, compensation studies, and other available data. The board then approves any changes in compensation based on this information. The organization has no other paid officers or employees meeting the definition of a key employee.”

Form 990, Page 6, Part VI, Line 19

“The school will provided in a timely manner, copies of all governing documents, including its conflict of interest policies and financial statements, when requested in writing or in person.”

Filing and Contact Details

Filer

Filer Name
Madison Highland Prep
EIN
46-2323366
Phone
6027453800
Address
1431 EAST CAMPBELL AVENUE, PHOENIX, AZ 85014

Signing Officer

Name
Dr Kerry Clark
Title
Executive Director
Phone
6027453800
Signed
2024-04-15

Organization Details

Principal Officer
Dr Kerry Clark
Formed
2012
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
63

Preparer

Firm
Aspire Business Consultants
Address
PO BOX 12084, GLENDALE, AZ 85318-2084
Preparer
Heather Jones
Phone
6028812483
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Purchased services 545,256 319,508 0”

Form 990, Part XI, Line 9

“ROUNDING 0”

Raw XML Appendix349 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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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS PUBLISHED ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN NEWSPAPERS THAT CIRCULATE IN COMMUNITIES IN CLOSE PROXIMITY TO THE SCHOOL, AND IN ALL STUDENT MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED REVENUE FROM THE ARIZONA CHARTER SCHOOLS PROGRAM, A PROGRAM OF THE ARIZONA DEPARTMENT OF EDUCATION, AND RECEIVED FEDERAL EDUCATION FUNDING UNDER TITLE I AND UNDER I.D.E.A. THROUGH THE ARIZONA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR OF THE SCHOOL DISTRIBUTES A PDF COPY OF THE 990 RETURN TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO BEING FILED. AT THE FIRST MEETING FOLLWOING THE FILING OF THE 990 WITH THE IRS, THE COMPLETED FORM IS PRESENTED TO THE BOARD BY THE SCHOOL'S LEAD OFFICERS WITH RESPONSIBILITY OVER THE FORM 990'S REVIEW; THEREAFTER, QUESTIONS ARE TAKEN AND THE FORM, ITS PREPARATION AND ITS PUBLIC RELATION IMPACT IS DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD AND COMMITTEE MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THE DISCUSSION IF THERE COULD BE A PRECEIVED CONFLICT ANNUALLY, THE SCHOOL REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEW THE COMPENSATION FOR THE EXECUTIVE DIRECTOR BY COMPARING THEIR COMPENSATION TO THE COMPENSATION OF INDIVIDUALS IN LIKE POSITIONS, IN COMPARABLE ORGANIZATIONS USING FORMS 990, COMPENSATION STUDIES, AND OTHER AVAILABLE DATA. THE BOARD THEN APPROVES ANY CHANGES IN COMPENSATION BASED ON THIS INFORMATION. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE DEFINITION OF A KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL WILL PROVIDED IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS, INCLUDING ITS CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS, WHEN REQUESTED IN WRITING OR IN PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PURCHASED SERVICES 545,256 319,508 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03382016
IRS990/TotalAssetsEOYAmt04383854
IRS990/TotalAssetsGrp/BOYAmt03382016
IRS990/TotalAssetsGrp/EOYAmt04383854
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IRS990/TotalContributionsAmt05902140
IRS990/TotalEmployeeCnt063
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01820497
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03568832
IRS990/TotalFunctionalExpensesGrp/TotalAmt05389329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0366351
IRS990/TotalLiabilitiesEOYAmt0650970
IRS990/TotalLiabilitiesGrp/BOYAmt0366351
IRS990/TotalLiabilitiesGrp/EOYAmt0650970
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03015665
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03732884
IRS990/TotalProgramServiceExpensesAmt03568832
IRS990/TotalProgramServiceRevenueAmt0183016
IRS990/TotalReportableCompFromOrgAmt091923
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0204408
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06106548
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03382016
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04383854
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01431 EAST CAMPBELL AVENUE
IRS990/USAddress/CityNm0PHOENIX
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085014
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MADISONHIGHLANDPREP.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DR KERRY CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06027453800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON HIGHLAND PREP
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0462323366
ReturnHeader/Filer/PhoneNum06027453800
ReturnHeader/Filer/USAddress/AddressLine1Txt01431 EAST CAMPBELL AVENUE
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085014
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454728843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ASPIRE BUSINESS CONSULTANTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 12084
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0853182084
ReturnHeader/PreparerPersonGrp/PhoneNum06028812483
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEATHER JONES
ReturnHeader/ReturnTs02024-05-07T14:55:59-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KERRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CLARK
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,383,854
Liabilities
$650,970
Net assets
$3,732,884
Revenue
$6,106,548
Expenses
$5,389,329
Net income
$717,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$0.92$4.01$6.60$6.32$0.28
2023Detailed filing. Detailed filing data is available for this year.$4.38$0.65$3.73$6.11$5.39$0.72
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.37$3.02$6.03$5.37$0.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.58$2.35$5.19$4.07$1.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.92$1.23$4.64$3.84$0.81
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$1.29$0.42$4.46$4.21$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.96$0.17$4.03$3.88$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.60$0.02$3.10$3.06$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.49$0.02$2.10$1.88$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.58$0.24$1.14$1.36$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.11$0.04$0.40$0.44$0.04