Civic Intelligence

Ourschoolsinc

990 • Fiscal year 2017 • EIN 47-3093152

Jul 01, 2016 to Jun 30, 2017 • Filed on May 03, 2018

Organization ProfileN/A
100 Cummings Center Suite 236CBeverly, MA 01915

(978) 921-1674

Siviq Scores

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

Liabilities / Assets

75th percentile

0.26x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.17x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

98th percentile

341%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

270%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$378,073

Up $292,420 (+341%) from 2016

Net Assets

Up

$281,399

Up $196,532 (+232%) from 2016

Liabilities

Up

$96,674

Up $95,888 (+12199%) from 2016

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin87th percentile

Revenue

Up

$554,800

Up $404,800 (+270%) from 2016

Expenses

Up

$358,268

Up $293,135 (+450%) from 2016

Net Income

Up

$196,532

Up $111,665 (+132%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$400K$300K$200K$100K$0Assets 2015: $1Liabilities 2015: $02015Assets 2016: $85,653Liabilities 2016: $786Net Assets 2016: $84,8672016Assets 2017: $378,073Liabilities 2017: $96,674Net Assets 2017: $281,3992017Assets 2018: $222,981Liabilities 2018: $2,680Net Assets 2018: $220,3012018Assets 2019: $216,416Liabilities 2019: $810Net Assets 2019: $215,6062019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$378,073
Liabilities$96,674
Net Assets$281,399
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $150,000Expenses 2016: $65,133Net Income 2016: $84,8672016Revenue 2017: $554,800Expenses 2017: $358,268Net Income 2017: $196,5322017Revenue 2018: $175,000Expenses 2018: $236,098Net Income 2018: -$61,0982018Revenue 2019: $50,000Expenses 2019: $54,695Net Income 2019: -$4,6952019Revenue 2020: $0Expenses 2020: $215,606Net Income 2020: -$215,6062020

Highlighted filing

2017

Revenue$554,800
Expenses$358,268
Net Income$196,532
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 3, 2018
Return Version
2016v3.0
Gross Receipts
$554,800
Mission and Program Overview

Mission

To empower every student to pursue a life pathway without limits for their own benefit and the betterment of the world.

To empower every student to pursue a life pathway without limits for their own benefit and the betterment of the world. Ourschools will accomplish this mission by developing a network of turnaround middle and high school programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$85,653$276,073▲ $190,420
Accounts Receivable$0$102,000▲ $102,000
Total Assets$85,653$378,073▲ $292,420
Liabilities
Accounts Payable and Accrued Expenses$786$96,674▲ $95,888
Total Liabilities$786$96,674▲ $95,888
Net Assets / Fund Balance
Temporarily Rstr Net Assets$50,000$282,735▲ $232,735
Unrestricted Net Assets$34,867$-1,336▼ $36,203
Total Net Assets Fund Balance$84,867$281,399▲ $196,532
Total Liabilities and Net Assets / Fund Balance$85,653$378,073▲ $292,420
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Susan Miller CarelloPresident
Aida RamosDirector
Robert MazzarellaDirector
Ledyard McfaddenSecretary and Director
Kim WechtenhiserTreasurer & Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Schoolworks LLCEducational Consulting100 CUMMING CENTER SUITE 236C, Beverly, MA 01915$178,679
Revenue and Support

Revenue Composition

Contributions and Grants
$452,800
Program Service Revenue
$102,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$452,800
Change in Net Assets
$196,532

Audited Revenue Reconciliation

Revenue per Audited Statements
$554,800
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$31,450
Total Revenue per Audited Statements
$586,250
Total Revenue per Form 990
$554,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,078
Grants and Similar Amounts Paid$124,190
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$172,516$9,628-$182,144
Grants to Domestic Orgs$124,190--$124,190
Fees for Services Legal$14,381$846-$15,227
Travel$10,624$1,934-$12,558
Office Expenses$11,221$250-$11,471
Information Technology-$3,625-$3,625
Fees for Services Accounting-$1,900-$1,900
Other Expenses$682$2,171-$682
Total Functional Expenses$336,197$22,071$0$358,268

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$389,718
Expenses per Audited Statements$358,268
Total Expenses per Form 990$358,268
Expenses Not Reported on Form 990$31,450
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
William R Peck SchoolHolyoke, MA-To Support Implementation of the P3 Education Model for Personalized Learning$124,190
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
Kimberly WechtenhiserBoard MemberKIMBERLY WECHTENHISER IS ON THE OURSCHOOLS BOARD OF DIRECTORS. SHE IS ALSO THE PRESIDENT AT SCHOOLWORKS WHICH PROVIDED $178,679 OF CONSULTING SERVICES TO OURSCHOOLS IN 2017.No$178,679
Ledyard McfaddenBoard MemberLEDYARD MCFADDEN IS ON THE OURSCHOOLS BOARD OF DIRECTORS. HE IS ALSO THE MANAGING PARTNER AT SCHOOLWORKS WHICH PROVIDED $178,679 OF CONSULTING SERVICES TO OURSCHOOLS IN 2017.No$178,679
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Ourschools delegated control over management duties customarily performed by management to consultants.”

Form 990, Part VI, Section B, Line 11B

“Ledyard mcfadden, as secretary, assumes responsibility. The board approved the hiring of aafcpa.”

Form 990, Part VI, Section B, Line 12C

“The organization requires employees and board members to complete an annual conflict of interest survey.”

Form 990, Part VI, Section C, Line 19

“The organization will make its form 990 available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ourschoolsinc
EIN
47-3093152
Phone
9789211674
Address
100 CUMMINGS CENTER SUITE 236C, BEVERLY, MA 01915

Signing Officer

Name
Ledyard Mcfadden
Title
Secretary
Phone
9789211674
Signed
2018-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ledyard Mcfadden
Formed
2015
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
25

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
John Buckley CPA
Phone
5083669100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The entity accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. The entity has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at december 31, 2017. Ourschool's information returns are subject to examination by the federal and state jurisdictions.”

Raw XML Appendix377 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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IRS990/ActivityOrMissionDesc0TO EMPOWER EVERY STUDENT TO PURSUE A LIFE PATHWAY WITHOUT LIMITS FOR THEIR OWN BENEFIT AND THE BETTERMENT OF THE WORLD. OURSCHOOLS WILL ACCOMPLISH THIS MISSION BY DEVELOPING A NETWORK OF TURNAROUND MIDDLE AND HIGH SCHOOL PROGRAMS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENTITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ENTITY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2017. OURSCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT IMPLEMENTATION OF THE P3 EDUCATION MODEL FOR PERSONALIZED LEARNING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WILLIAM R PECK SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0046001393
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01916 NORTHAMPTON ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HOLYOKE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0OURSCHOOLS MONITORS THE SPENDING UNDER EACH GRANT AND APPROVES ALL PURCHASES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KIMBERLY WECHTENHISER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0178679
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1178679
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEDYARD MCFADDEN IS ON THE OURSCHOOLS BOARD OF DIRECTORS. HE IS ALSO THE MANAGING PARTNER AT SCHOOLWORKS WHICH PROVIDED $178,679 OF CONSULTING SERVICES TO OURSCHOOLS IN 2017.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1KIMBERLY WECHTENHISER IS ON THE OURSCHOOLS BOARD OF DIRECTORS. SHE IS ALSO THE PRESIDENT AT SCHOOLWORKS WHICH PROVIDED $178,679 OF CONSULTING SERVICES TO OURSCHOOLS IN 2017.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OURSCHOOLS DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY MANAGEMENT TO CONSULTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LEDYARD MCFADDEN, AS SECRETARY, ASSUMES RESPONSIBILITY. THE BOARD APPROVED THE HIRING OF AAFCPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES EMPLOYEES AND BOARD MEMBERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL MAKE ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0378073
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0452800
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022071
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0336197
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358268
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt096674
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt084867
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0281399
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0336197
IRS990/TotalProgramServiceRevenueAmt0102000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0102000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0554800
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt085653
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0378073
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01934
IRS990/TravelGrp/ProgramServicesAmt010624
IRS990/TravelGrp/TotalAmt012558
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1336
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 CUMMINGS CENTER SUITE 236C
IRS990/USAddress/CityNm0BEVERLY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001915
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEDYARD MCFADDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09789211674
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OURSCHOOLSINC
ReturnHeader/Filer/BusinessNameControlTxt0OURS
ReturnHeader/Filer/EIN0473093152
ReturnHeader/Filer/PhoneNum09789211674
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 CUMMINGS CENTER SUITE 236C
ReturnHeader/Filer/USAddress/CityNm0BEVERLY
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00CCF3F9ED5B5EB81A7E8DE9351DCD6BA8769B338
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E389E89C54D8B2D0E67DFD5473BAB8CDEAF766EE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.238.141.162
ReturnHeader/FilingSecurityInformation/IPDt02018-05-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:17:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER ARONSON FINNING & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 WASHINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN BUCKLEY CPA
ReturnHeader/ReturnTs02018-05-04T08:23:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$378,073
Liabilities
$96,674
Net assets
$281,399
Revenue
$554,800
Expenses
$358,268
Net income
$196,532
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$2.16$2.16
2019Detailed filing. Detailed filing data is available for this year.$2.16$0.01$2.16$0.50$0.55$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.23$0.03$2.20$1.75$2.36$0.61
2017Detailed filing. Detailed filing data is available for this year.$3.78$0.97$2.81$5.55$3.58$1.97
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.85$1.50$0.65$0.85
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00