Civic Intelligence

Great Academy Foundation Inc.

990 • Fiscal year 2019 • EIN 46-4312660

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 15, 2020

Organization ProfileN/A
8201 Golf Course NWAlbuquerque, NM 87120

(505) 792-0306

Siviq Scores

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

Liabilities / Assets

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

7.15x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

2nd percentile

-122%

Higher net margin than 2% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

14th percentile

-8.7%

Faster asset growth than 14% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

6.6%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,395,858

Down $132,402 (-8.7%) from 2018

Net Assets

Down

-$536,389

Down $331,070 (-161%) from 2018

Liabilities

Up

$1,932,247

Up $198,668 (+11%) from 2018

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Up

$270,405

Up $16,763 (+6.6%) from 2018

Expenses

Up

$601,475

Up $135,589 (+29%) from 2018

Net Income

Down

-$331,070

Down $118,826 (-56%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2015: $1,544,641Liabilities 2015: $1,542,076Net Assets 2015: $2,5652015Assets 2016: $1,532,003Liabilities 2016: $1,517,068Net Assets 2016: $14,9352016Assets 2017: $1,812,751Liabilities 2017: $1,805,826Net Assets 2017: $6,9252017Assets 2018: $1,528,260Liabilities 2018: $1,733,579Net Assets 2018: -$205,3192018Assets 2019: $1,395,858Liabilities 2019: $1,932,247Net Assets 2019: -$536,3892019Assets 2020: $1,369,219Liabilities 2020: $1,877,076Net Assets 2020: -$507,8572020Assets 2021: $1,384,189Liabilities 2021: $1,794,367Net Assets 2021: -$410,1782021Assets 2022: $1,379,218Liabilities 2022: $1,673,854Net Assets 2022: -$294,6362022Assets 2023: $1,408,365Liabilities 2023: $1,585,526Net Assets 2023: -$177,1612023Assets 2024: $1,435,056Liabilities 2024: $1,499,698Net Assets 2024: -$64,6422024

Highlighted filing

2019

Assets$1,395,858
Liabilities$1,932,247
Net Assets-$536,389
Open 2019 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $162,650Expenses 2015: $160,085Net Income 2015: $2,5652015Revenue 2016: $115,635Expenses 2016: $103,265Net Income 2016: $12,3702016Revenue 2017: $256,150Expenses 2017: $264,160Net Income 2017: -$8,0102017Revenue 2018: $253,642Expenses 2018: $465,886Net Income 2018: -$212,2442018Revenue 2019: $270,405Expenses 2019: $601,475Net Income 2019: -$331,0702019Revenue 2020: $441,795Expenses 2020: $198,157Net Income 2020: $243,6382020Revenue 2021: $298,296Expenses 2021: $198,611Net Income 2021: $99,6852021Revenue 2022: $296,632Expenses 2022: $181,090Net Income 2022: $115,5422022Revenue 2023: $292,195Expenses 2023: $161,839Net Income 2023: $130,3562023Revenue 2024: $299,126Expenses 2024: $186,607Net Income 2024: $112,5192024

Highlighted filing

2019

Revenue$270,405
Expenses$601,475
Net Income-$331,070
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 15, 2020
Return Version
2018v3.1
Gross Receipts
$270,405
Mission and Program Overview

Mission

To receive & to maintain funds in the form of real or personal property for the purpose of supporting the public educational purposes of the great academy charter school, a new mexico public charter school, providing suitable facilities & other permissible organizational support

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,331,511$1,359,276▲ $27,765
Prepaid Expenses and Deferred Charges$10,393$20,996▲ $10,603
Savings and Temporary Cash Investments$146,135$12,524▼ $133,611
Cash and Non-Interest-Bearing Accounts$40,221$3,062▼ $37,159
Total Assets$1,528,260$1,395,858▼ $132,402
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,067,368$1,030,043▼ $37,325
Deferred Revenue$666,211$894,735▲ $228,524
Accounts Payable and Accrued Expenses-$7,469-
Total Liabilities$1,733,579$1,932,247▲ $198,668
Net Assets / Fund Balance
Unrestricted Net Assets$-205,319$-536,389▼ $331,070
Total Net Assets Fund Balance$-205,319$-536,389▼ $331,070
Total Liabilities and Net Assets / Fund Balance$1,528,260$1,395,858▼ $132,402

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,001,262$107,096$1,108,358
Land$353,284-$353,284
Equipment$4,730$1,182$5,912
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Stacey BoydPresident
Wiltha Ray WilsonSecretary
Ronnie WallaceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$270,405
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-331,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$583,551
Grants and Similar Amounts Paid$17,924
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$134,925--$134,925
Interest$57,627--$57,627
Other Expenses$48,368--$48,368
Depreciation Depletion$28,964--$28,964
Office Expenses-$27,586-$27,586
Fees for Services Accounting-$25,253-$25,253
Fees for Services Management-$23,441-$23,441
Travel$22,495--$22,495
Grants to Domestic Orgs$17,924--$17,924
Conferences and Meetings$15,820--$15,820
Occupancy$8,431--$8,431
Information Technology-$361-$361
Fees for Services Other-$112-$112
Total Functional Expenses$524,722$76,753$0$601,475
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Great AcademyAlbuquerque, NM--$17,924
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
No
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

“Committees do not have the authority to act on behalf of the board.”

Form 990 governing body review Part VI line 11

“The board reviews the form 990 prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“Policies are provded to all board members and staff and are periodically reviewed. Potential conflicts of interest are disclosed and resolved according to policy.”

CEO executive director top management comp Part VI line 15A

“Board members are required to comply with the conflict of interest policy and disclose conflicts should they arise.”

Governing documents etc available to public Part VI line 19

“The governing documents and form 990 are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Great Academy Foundation Inc
EIN
46-4312660
Address
8201 GOLF COURSE NW, ALBUQUERQUE, NM 87120

Signing Officer

Name
Ronald Shorter
Title
President of Tg
Phone
5057920306
Signed
2020-03-15
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
2

Preparer

Firm
Jaramillo Accounting Group LLC
Address
4700 Lincoln Road NE, Albuquerque, NM 87109
Preparer
Audrey J Jaramillo
Phone
5053232035
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

“The organizations auditor is chosen by the oversight agency of the great academy, a new mexico public charter school. The organizations audit is performed on a consolidated basis for the new mexico public education department.”

List of other expenses Part IX line 24E

“Special education contract - charter school employee $16,125 director of academics contract - charter school employee $53,825 tga-tgaf retention bonus program $30,700 *peoples escrow $16,177 student incentives $9,539 miscellaneous $8,559 *this is a retention bonus (compensation) paid to certain individuals at the charter school. It was accounted for as a 1099 payment, thus, is not considered a w-2 compensation. The money did not go to any board members.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICIES ARE PROVDED TO ALL BOARD MEMBERS AND STAFF AND ARE PERIODICALLY REVIEWED. POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED AND RESOLVED ACCORDING TO POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND DISCLOSE CONFLICTS SHOULD THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS AUDITOR IS CHOSEN BY THE OVERSIGHT AGENCY OF THE GREAT ACADEMY, A NEW MEXICO PUBLIC CHARTER SCHOOL. THE ORGANIZATIONS AUDIT IS PERFORMED ON A CONSOLIDATED BASIS FOR THE NEW MEXICO PUBLIC EDUCATION DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SPECIAL EDUCATION CONTRACT - CHARTER SCHOOL EMPLOYEE $16,125 DIRECTOR OF ACADEMICS CONTRACT - CHARTER SCHOOL EMPLOYEE $53,825 TGA-TGAF RETENTION BONUS PROGRAM $30,700 *PEOPLES ESCROW $16,177 STUDENT INCENTIVES $9,539 MISCELLANEOUS $8,559 *THIS IS A RETENTION BONUS (COMPENSATION) PAID TO CERTAIN INDIVIDUALS AT THE CHARTER SCHOOL. IT WAS ACCOUNTED FOR AS A 1099 PAYMENT, THUS, IS NOT CONSIDERED A W-2 COMPENSATION. THE MONEY DID NOT GO TO ANY BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Audited by an independent accountant Part XII line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0274663335
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06001A SAN MATEO BLVD NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ALBUQUERQUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd087109
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0263941
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1894735
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt217924
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt369950
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE GREAT ACADEMY CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE GREAT ACADEMY CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2THE GREAT ACADEMY CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3THE GREAT ACADEMY CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0j
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1i
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3l
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01528260
IRS990/TotalAssetsEOYAmt01395858
IRS990/TotalAssetsGrp/BOYAmt01528260
IRS990/TotalAssetsGrp/EOYAmt01395858
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076753
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0524722
IRS990/TotalFunctionalExpensesGrp/TotalAmt0601475
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01733579
IRS990/TotalLiabilitiesEOYAmt01932247
IRS990/TotalLiabilitiesGrp/BOYAmt01733579
IRS990/TotalLiabilitiesGrp/EOYAmt01932247
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-205319
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-536389
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0454772
IRS990/TotalProgramServiceRevenueAmt0270405
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0270405
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270405
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01528260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01395858
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt022495
IRS990/TravelGrp/TotalAmt022495
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-205319
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-536389
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD SHORTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT OF TG
ReturnHeader/BusinessOfficerGrp/PhoneNum05057920306
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREAT ACADEMY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0464312660
ReturnHeader/Filer/USAddress/AddressLine1Txt08201 GOLF COURSE NW
ReturnHeader/Filer/USAddress/CityNm0ALBUQUERQUE
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ReturnHeader/Filer/USAddress/ZIPCd087120
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A388048AC005FED227C08D6B713B50C3F27442CD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A388048AC005FED227C08D6B713B50C3F27442CD
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId08533572020084voxok50
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-03-24
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.171.130.253
ReturnHeader/FilingSecurityInformation/IPDt02020-03-24
ReturnHeader/FilingSecurityInformation/IPTm017:53:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463916466
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jaramillo Accounting Group LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04700 Lincoln Road NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Albuquerque
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087109
ReturnHeader/PreparerPersonGrp/PhoneNum05053232035
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Audrey J Jaramillo
ReturnHeader/ReturnTs02020-03-24T17:52:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,395,858
Liabilities
$1,932,247
Net assets
-$536,389
Revenue
$270,405
Expenses
$601,475
Net income
-$331,070
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.44$1.50$0.06$0.30$0.19$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.41$1.59$0.18$0.29$0.16$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.38$1.67$0.29$0.30$0.18$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.38$1.79$0.41$0.30$0.20$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.37$1.88$0.51$0.44$0.20$0.24
2019Detailed filing. Detailed filing data is available for this year.$1.40$1.93$0.54$0.27$0.60$0.33
2018Detailed filing. Detailed filing data is available for this year.$1.53$1.73$0.21$0.25$0.47$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.81$1.81$0.01$0.26$0.26$0.01
2016Summary only. Only limited summary data is available for this year.$1.53$1.52$0.01$0.12$0.10$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.54$1.54$0.00$0.16$0.16$0.00