Civic Intelligence

Master the Possibilities Inc.

990 • Fiscal year 2020 • EIN 46-2693153

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 13, 2021

Organization Profilewww.masterthepossibilities.com
8435 SW 80th Street 2Ocala, FL 34481

(352) 873-0848

Siviq Scores

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

Liabilities / Assets

68th percentile

0.19x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.16x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

57th percentile

10%

Higher net margin than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

87th percentile

$97,561

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

69th percentile

20%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-28%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$629,867

Up $106,611 (+20%) from 2019

Net Assets

Up

$510,520

Up $76,619 (+18%) from 2019

Liabilities

Up

$119,347

Up $29,992 (+34%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin57th percentile

Revenue

Down

$752,412

Down $295,852 (-28%) from 2019

Expenses

Down

$675,793

Down $101,068 (-13%) from 2019

Net Income

Down

$76,619

Down $194,784 (-72%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$3.0M$2.0M$1.0M$0Assets 2014: $71,285Net Assets 2014: $71,2852014Assets 2015: $115,213Liabilities 2015: $11,640Net Assets 2015: $103,5732015Assets 2016: $182,647Liabilities 2016: $53,949Net Assets 2016: $128,6982016Assets 2017: $164,428Liabilities 2017: $35,233Net Assets 2017: $129,1952017Assets 2018: $244,330Liabilities 2018: $81,832Net Assets 2018: $162,4982018Assets 2019: $523,256Liabilities 2019: $89,355Net Assets 2019: $433,9012019Assets 2020: $629,867Liabilities 2020: $119,347Net Assets 2020: $510,5202020Assets 2021: $895,097Liabilities 2021: $84,564Net Assets 2021: $810,5332021Assets 2022: $1,226,561Liabilities 2022: $101,164Net Assets 2022: $1,125,3972022Assets 2023: $1,595,107Liabilities 2023: $140,505Net Assets 2023: $1,454,6022023Assets 2024: $2,105,250Liabilities 2024: $135,471Net Assets 2024: $1,969,7792024

Highlighted filing

2020

Assets$629,867
Liabilities$119,347
Net Assets$510,520
Open 2020 Filing

Operations Trend

Revenue Growth21st percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2014: $76,500Expenses 2014: $5,215Net Income 2014: $71,2852014Revenue 2015: $477,080Expenses 2015: $444,792Net Income 2015: $32,2882015Revenue 2016: $627,702Expenses 2016: $602,577Net Income 2016: $25,1252016Revenue 2017: $677,707Expenses 2017: $677,210Net Income 2017: $4972017Revenue 2018: $786,918Expenses 2018: $753,615Net Income 2018: $33,3032018Revenue 2019: $1,048,264Expenses 2019: $776,861Net Income 2019: $271,4032019Revenue 2020: $752,412Expenses 2020: $675,793Net Income 2020: $76,6192020Revenue 2021: $1,015,552Expenses 2021: $715,539Net Income 2021: $300,0132021Revenue 2022: $1,120,831Expenses 2022: $805,967Net Income 2022: $314,8642022Revenue 2023: $1,377,111Expenses 2023: $1,047,906Net Income 2023: $329,2052023Revenue 2024: $1,627,863Expenses 2024: $1,112,686Net Income 2024: $515,1772024

Highlighted filing

2020

Revenue$752,412
Expenses$675,793
Net Income$76,619
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 13, 2021
Return Version
2020v4.0
Gross Receipts
$752,412
Mission and Program Overview

Mission

Master the possibilities operates a formal education program for senior adults (also known as continuing education, adult education and lifelong learning programs).

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$372,383$537,045▲ $164,662
Cash and Non-Interest-Bearing Accounts$129,106$70,648▼ $58,458
Pledges and Grants Receivable$13,751$12,942▼ $809
Prepaid Expenses and Deferred Charges$3,851$5,067▲ $1,216
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$523,256$629,867▲ $106,611
Other Assets Total$4,165$4,165→ $0
Liabilities
Unsecured Notes Loans Payable-$69,000-
Deferred Revenue$85,339$49,712▼ $35,627
Other Liabilities$1,766--
Accounts Payable and Accrued Expenses$2,250$635▼ $1,615
Total Liabilities$89,355$119,347▲ $29,992
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$433,901$510,520▲ $76,619
Total Net Assets Fund Balance$433,901$510,520▲ $76,619
Total Liabilities and Net Assets / Fund Balance$523,256$629,867▲ $106,611
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle ShidelerD. of EducationFT$76,747$20,814$97,561

Board Members and Trustees

NameTitle
Kenneth D ColenPresident
John HuntDirector
Richard A BelzDirector
Solon F O'Neal JrDirector
Stephen J Albright JrDirector
Barbara OrtizAsst Secretary
Robert L ColenSecretary
C Guy WoolbrightTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CoAdvantageLeased Employees3350 Buschwood Dr 200, Tampa, FL 33618$379,335
Revenue and Support

Revenue Composition

Contributions and Grants
$502,782
Program Service Revenue
$235,174
Investment Income
$56
Other Revenue
$14,400
All Other Contributions
$502,782
Change in Net Assets
$76,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$404,391
Other Expenses$271,402
Total Fundraising Expense$9,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$211,283$35,585$2,232$249,100
Current Officers, Directors, Trustees, and Key Employees$63,415$29,268$4,878$97,561
Payroll Taxes$34,751$7,996$852$43,599
Occupancy$25,786$2,432$154$28,372
Insurance$23,106$2,633-$25,739
Other Expenses$20,847$1,744-$20,847
All Other Expenses$9,405$4,770$300$14,475
Other Employee Benefits$11,266$1,598$281$13,145
Fees for Services Accounting$918$3,213$459$4,590
Office Expenses$2,328$1,551-$3,879
Pension Plan Contributions$854$115$17$986
Travel$828--$828
Advertising$777--$777
Total Functional Expenses$569,472$97,148$9,173$675,793
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Circle Square Ranch MasteSee Part VProgram Service RevenueNo$109,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
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, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is submitted to the Board of Directors and is reviewed by the president and assistant secretary prior to filing with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization monitors potential conflicts of interest to the organization by requiring annual disclosure of family and business relationships by each board member.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public pursuant to section 6104 of the Internal Revenue Code upon request made in person or in writing.”

Filing and Contact Details

Filer

Filer Name
Master The Possibilities Inc
EIN
46-2693153
Phone
3528730848
Address
8435 SW 80th Street 2, Ocala, FL 34481

Signing Officer

Name
Kenneth D Colen
Title
President
Signed
2021-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth D Colen
Formed
2013
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
4
Employees
9
Volunteers
160

Preparer

Firm
Christopher Smith Leonard Bristow
Address
101 E KENNEDY BLVD STE 1460, TAMPA, FL 33602
Preparer
Susan O Thompson
Phone
8134904490
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IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01379
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14864
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21744
IRS990/OtherExpensesGrp/ProgramServicesAmt092676
IRS990/OtherExpensesGrp/ProgramServicesAmt147846
IRS990/OtherExpensesGrp/ProgramServicesAmt223386
IRS990/OtherExpensesGrp/ProgramServicesAmt320847
IRS990/OtherExpensesGrp/TotalAmt094055
IRS990/OtherExpensesGrp/TotalAmt152710
IRS990/OtherExpensesGrp/TotalAmt225130
IRS990/OtherExpensesGrp/TotalAmt320847
IRS990/OtherLiabilitiesGrp/BOYAmt01766
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0Advertising Income
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014400
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt014400
IRS990/OtherRevenueTotalAmt014400
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02232
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035585
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0211283
IRS990/OtherSalariesAndWagesGrp/TotalAmt0249100
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0852
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07996
IRS990/PayrollTaxesGrp/ProgramServicesAmt034751
IRS990/PayrollTaxesGrp/TotalAmt043599
IRS990/PensionPlanContributionsGrp/FundraisingAmt017
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0115
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0854
IRS990/PensionPlanContributionsGrp/TotalAmt0986
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013751
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012942
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03851
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05067
IRS990/PrincipalOfficerNm0Kenneth D Colen
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Course Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0235174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0235174
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0333548
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0117
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0404870
IRS990/PYOtherRevenueAmt020700
IRS990/PYProgramServiceRevenueAmt0693899
IRS990/PYRevenuesLessExpensesAmt0271403
IRS990/PYSalariesCompEmpBnftPaidAmt0371991
IRS990/PYTotalExpensesAmt0776861
IRS990/PYTotalRevenueAmt01048264
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt076619
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0235174
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0372383
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0537045
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
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Master the Possibilities, Inc. includes on its website and in its course catalog a notice of nondiscrimination policy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Circle Square Ranch Maste
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0See Part V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0109000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Program Service Revenue
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Sch L, Part IV, Business Transactions involving interested persons:(A) Name of Person: Circle Square Ranch Master AssociationSchedule L, Part IV, Line 1Two of the board members of Master the Possibilities, Inc. (MTP) are also board members of the Circle Square Ranch Master Association (Master Association). The Master Association is a Florida Not for Profit Corporation and is an association of neighborhood associations which are also Florida not for profit corporations. The board members for the Master Association are currently appointed by the developer of the original members of the master association. One MTP board member has an indirect majority ownership in the developer. The master association collects monthly fees from its members (the neighborhood associations) which, to encourage participation in the MTP programs, it remits to MTP to provide discounted tuition rates to the individual members of the neighborhood associations for educational coursed offered by MTP. This program service revenue does not benefit the master association, but rather benefits MTP, by enhancing registration, and those individual members of the neighborhood associations who elect to take courses.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is submitted to the Board of Directors and is reviewed by the president and assistant secretary prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization monitors potential conflicts of interest to the organization by requiring annual disclosure of family and business relationships by each board member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy and financial statements available to the public pursuant to section 6104 of the Internal Revenue Code upon request made in person or in writing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0523256
IRS990/TotalAssetsEOYAmt0629867
IRS990/TotalAssetsGrp/BOYAmt0523256
IRS990/TotalAssetsGrp/EOYAmt0629867
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0502782
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09173
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097148
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0569472
IRS990/TotalFunctionalExpensesGrp/TotalAmt0675793
IRS990/TotalGrossUBIAmt014400

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$629,867
Liabilities
$119,347
Net assets
$510,520
Revenue
$752,412
Expenses
$675,793
Net income
$76,619
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.14$1.97$1.63$1.11$0.52
2023Summary only. Only limited summary data is available for this year.$1.60$0.14$1.45$1.38$1.05$0.33
2022Summary only. Only limited summary data is available for this year.$1.23$0.10$1.13$1.12$0.81$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.08$0.81$1.02$0.72$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.12$0.51$0.75$0.68$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.09$0.43$1.05$0.78$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.08$0.16$0.79$0.75$0.03
2017Summary only. Only limited summary data is available for this year.$0.16$0.04$0.13$0.68$0.68$0.00
2016Summary only. Only limited summary data is available for this year.$0.18$0.05$0.13$0.63$0.60$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.10$0.48$0.44$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.08$0.01$0.07