Civic Intelligence

The Cedars Inc

990 • Fiscal year 2019 • EIN 48-0566683

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 22, 2020

1021 Cedars DriveMcpherson, KS 67460

(620) 241-0919

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$24,191,263

Down $41,221 (-0.2%) from 2018

Net Assets

Up

$1,496,204

Up $91,400 (+6.5%) from 2018

Liabilities

Down

$22,695,059

Down $132,621 (-0.6%) from 2018

Revenue And Expenses

Revenue

Down

$11,647,630

Down $88,826 (-0.8%) from 2018

Expenses

Down

$11,673,737

Down $261,573 (-2.2%) from 2018

Net Income

Up

-$26,107

Up $172,747 (+87%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $21,848,161Liabilities 2010: $22,316,957Net Assets 2010: -$468,7962010Assets 2011: $21,642,515Liabilities 2011: $21,564,563Net Assets 2011: $77,9522011Assets 2012: $21,686,399Liabilities 2012: $21,253,698Net Assets 2012: $432,7012012Assets 2013: $21,670,045Liabilities 2013: $21,001,366Net Assets 2013: $668,6792013Assets 2014: $21,606,005Liabilities 2014: $20,372,232Net Assets 2014: $1,233,7732014Assets 2015: $21,327,725Liabilities 2015: $20,102,687Net Assets 2015: $1,225,0382015Assets 2016: $21,792,043Liabilities 2016: $20,608,928Net Assets 2016: $1,183,1152016Assets 2017: $22,907,066Liabilities 2017: $21,413,749Net Assets 2017: $1,493,3172017Assets 2018: $24,232,484Liabilities 2018: $22,827,680Net Assets 2018: $1,404,8042018Assets 2019: $24,191,263Liabilities 2019: $22,695,059Net Assets 2019: $1,496,2042019Assets 2020: $25,638,116Liabilities 2020: $23,231,568Net Assets 2020: $2,406,5482020Assets 2021: $25,010,615Liabilities 2021: $22,036,462Net Assets 2021: $2,974,1532021Assets 2022: $23,880,717Liabilities 2022: $23,250,804Net Assets 2022: $629,9132022Assets 2023: $24,262,482Liabilities 2023: $23,601,654Net Assets 2023: $660,8282023Assets 2024: $21,723,907Liabilities 2024: $22,289,195Net Assets 2024: -$565,2882024

Highlighted filing

2019

Assets$24,191,263
Liabilities$22,695,059
Net Assets$1,496,204

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,201,5322010Expenses 2011: $9,971,3852011Expenses 2012: $10,017,8872012Revenue 2013: $10,227,360Expenses 2013: $10,161,912Net Income 2013: $65,4482013Revenue 2014: $11,171,914Expenses 2014: $10,613,307Net Income 2014: $558,6072014Revenue 2015: $10,923,791Expenses 2015: $10,882,028Net Income 2015: $41,7632015Revenue 2016: $11,250,393Expenses 2016: $11,178,820Net Income 2016: $71,5732016Revenue 2017: $11,512,897Expenses 2017: $11,441,265Net Income 2017: $71,6322017Revenue 2018: $11,736,456Expenses 2018: $11,935,310Net Income 2018: -$198,8542018Revenue 2019: $11,647,630Expenses 2019: $11,673,737Net Income 2019: -$26,1072019Revenue 2020: $12,705,258Expenses 2020: $11,885,474Net Income 2020: $819,7842020Revenue 2021: $11,167,621Expenses 2021: $11,395,248Net Income 2021: -$227,6272021Revenue 2022: $10,259,573Expenses 2022: $11,927,708Net Income 2022: -$1,668,1352022Revenue 2023: $11,359,089Expenses 2023: $11,388,913Net Income 2023: -$29,8242023Revenue 2024: $9,984,987Expenses 2024: $11,416,896Net Income 2024: -$1,431,9092024

Highlighted filing

2019

Revenue$11,647,630
Expenses$11,673,737
Net Income-$26,107
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 22, 2020
Return Version
2018v3.2
Gross Receipts
$11,709,871
Mission and Program Overview

Mission

The cedars is a retirement community committed to providing comprehensive health and wellness services, quality living options, and a compassionate christian environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,801,517$17,362,365▼ $439,152
Investments in Publicly Traded Securities$3,647,066$3,885,121▲ $238,055
Accounts Receivable$1,506,445$1,666,338▲ $159,893
Cash and Non-Interest-Bearing Accounts$671,967$579,959▼ $92,008
Prepaid Expenses and Deferred Charges$136,070$147,074▲ $11,004
Pledges and Grants Receivable$105,006$40,203▼ $64,803
Inventories for Sale or Use$7,896$17,271▲ $9,375
Total Assets$24,232,484$24,191,263▼ $41,221
Other Assets Total$356,517$492,932▲ $136,415
Liabilities
Other Liabilities$10,506,434$10,999,953▲ $493,519
Tax Exempt Bond Liabilities$10,911,759$10,195,474▼ $716,285
Accounts Payable and Accrued Expenses$594,231$661,317▲ $67,086
Deferred Revenue$596,863$653,943▲ $57,080
Mortgage Notes Payable Secured by Investment Property$218,393$184,372▼ $34,021
Total Liabilities$22,827,680$22,695,059▼ $132,621
Net Assets / Fund Balance
Unrestricted Net Assets$959,126$1,030,526▲ $71,400
Permanently Rstr Net Assets$445,678$465,678▲ $20,000
Total Net Assets Fund Balance$1,404,804$1,496,204▲ $91,400
Total Liabilities and Net Assets / Fund Balance$24,232,484$24,191,263▼ $41,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,773,935$19,307,842$34,081,777
Equipment$531,505$2,880,637$3,412,142
Land$1,990,873-$1,990,873
Other Land Buildings$66,052$110,690$176,742

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$445,678-▲ $28,838$28,838$445,678
2018$804,001$165,381▲ $28,341$552,045$445,678
2017$445,678$358,323▲ $44,371$44,371$804,001
2016$475,286-▼ $13,133$20,000$442,153
2015$585,358-▲ $6,509$116,580$475,286
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carma WallCEOFT$111,962$23,825$135,787
Laura DelaneyVP ResidentFT$83,302$18,273$101,575
Lamonte RothrockVP MarketingFT$48,877$5,460$54,337

Board Members and Trustees

NameTitle
O'CONNER-MUNSEYChair
Marty WardVice Chair
Bryan HessBoard Member
Dave FruthBoard Member
Debra WagonerBoard Member
Jonathan FryeBoard Member
Leann MooreBoard Member
Mike CullinaneBoard Member
Phil StoverBoard Member
Ruth FraserBoard Member
David FerrellFinance Chai
Jonathan HughesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$133,187
Program Service Revenue
$11,035,344
Investment Income
$130,788
Other Revenue
$348,311
All Other Contributions
$133,187
Change in Net Assets
$-26,107

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,647,630
Revenue Not Reported on Form 990
$117,507
Total Revenue per Audited Statements
$11,765,137
Total Revenue per Form 990
$11,647,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,010,257
Salaries, Compensation, and Employee Benefits$5,663,480
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,130,026$501,568-$4,631,594
Depreciation Depletion$1,352,333--$1,352,333
Fees for Services Other$600,433$194,019-$794,452
Occupancy$642,468$53,594-$696,062
Payroll Taxes$397,101$55-$397,156
Interest$394,354--$394,354
Other Employee Benefits$390,589--$390,589
Office Expenses$20,133$348,764-$368,897
Other Expenses$264,007--$264,007
Current Officers, Directors, Trustees, and Key Employees$217,286$26,855-$244,141
Insurance$83,678$133,135-$216,813
Information Technology-$142,670-$142,670
All Other Expenses$57,438$43,626-$101,064
Fees for Services Accounting-$48,329-$48,329
Travel$15,167$9,966-$25,133
Advertising-$15,913-$15,913
Total Functional Expenses$10,155,243$1,518,494$0$11,673,737

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,673,737
Total Expenses per Audited Statements$11,673,737
Total Expenses per Form 990$11,673,737
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unamortized Life Leases$10,528,917
Other Current Liabilities$307,964
Annuities$163,072

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Revenue Bondseries 20162016-11-01$7,775,847Finance building of the cedar houses.
BIndustrial Revenue Bondseries 20162006-12-01$4,790,000Refinance industrial revenue bonds dated 7/15/2000.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The committees of the organization are advisory in nature and do not have the authority to act on behalf of the governing board.

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

A copy of the 990 is provided to the governing body to review and make necessary changes before filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 19

Details of the organization's policies and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Cedars Inc
EIN
48-0566683
Phone
6202410919
Address
1021 CEDARS DRIVE, MCPHERSON, KS 67460

Signing Officer

Name
Carma Wall
Title
CEO
Phone
6202410919
Signed
2020-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carma Wall
Formed
1891
Legal Domicile
Ks
Voting Board Members
12
Independent Board Members
12
Employees
359
Volunteers
100

Preparer

Firm
Ss&c Solutions Inc
Address
3320 CLINTON PARKWAY COURT SUITE 1, LAWRENCE, KS 66047
Preparer
Michele C Hammann CPA
Phone
7858384484
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization's endowment consists of donor restricted funds for resident benefit and operating purposes.

Schedule D, Page 3, Part X

The organization has received exemption from income taxes under section 501(c)(3) of the internal revenue code and is not classified as a private foundation. As such, no provision for income taxes is reflected in the financial statements. The organization files form 990, return of organization exempt from income tax, in the u.s. Federal and state jurisdictions. As of june 30, 2019 and 2018, the organization has no uncertain tax position that qualify for either recognition or disclosure in the financial statements. Tax years subsequent to 2015 remain subject to examination by major tax jurisdictions. The organization has concluded that there are no significant uncertain tax positions requiring disclosure, and there are no material amounts of unrecognized tax benefits.

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IRS990/MinutesOfGoverningBodyInd0true
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IRS990/OfficeExpensesGrp/ProgramServicesAmt020133
IRS990/OfficeExpensesGrp/TotalAmt0368897
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IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0390589
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0390589
IRS990/OtherExpensesGrp/Desc0ASSISTED LIVING
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2MEDICAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt0637193
IRS990/OtherExpensesGrp/ProgramServicesAmt1535091
IRS990/OtherExpensesGrp/ProgramServicesAmt2417946
IRS990/OtherExpensesGrp/ProgramServicesAmt3264007
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IRS990/OtherExpensesGrp/TotalAmt1535091
IRS990/OtherExpensesGrp/TotalAmt2417946
IRS990/OtherExpensesGrp/TotalAmt3264007
IRS990/OtherLiabilitiesGrp/BOYAmt010506434
IRS990/OtherLiabilitiesGrp/EOYAmt010999953
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/Desc1SPLIT INTEREST AGREEMENTS
IRS990/OtherRevenueMiscGrp/ExclusionAmt09983
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0338328
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt19983
IRS990/OtherRevenueTotalAmt0348311
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0501568
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IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0445678
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0105006
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt040203
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0136070
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0147074
IRS990/PrincipalOfficerNm0CARMA WALL
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc1AMORTIZATION OF LIFE LEASES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010834400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1200944
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010834400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1200944
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0396893
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt063278
IRS990/PYOtherExpensesAmt06205251
IRS990/PYOtherRevenueAmt0285669
IRS990/PYProgramServiceRevenueAmt010990616
IRS990/PYRevenuesLessExpensesAmt0-198854
IRS990/PYSalariesCompEmpBnftPaidAmt05730059
IRS990/PYTotalExpensesAmt011935310
IRS990/PYTotalRevenueAmt011736456
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-26107
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011035344
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0133187
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0396893
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0396260
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0136132
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0123209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01185681
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0127529
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0102001
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0101989
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt067659
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0102574
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt011373672
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt011265648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt011014648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt011149272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010777298
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt055580538
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt09983
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt010637
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt020620
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0127529
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0102001
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0101989
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt067659
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IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011410908
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt011285404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt010900507
IRS990ScheduleA/Total509Grp/TotalAmt056786839
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt011003081
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt057288591
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt019307842
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt034081777
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt028838
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt028838
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0804001
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0165381

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.7$22.3$0.57$9.98$11.4$1.43
2023Detailed filing. Detailed filing data is available for this year.$24.3$23.6$0.66$11.4$11.4$0.03
2022Detailed filing. Detailed filing data is available for this year.$23.9$23.3$0.63$10.3$11.9$1.67
2021Detailed filing. Detailed filing data is available for this year.$25.0$22.0$2.97$11.2$11.4$0.23
2020Detailed filing. Detailed filing data is available for this year.$25.6$23.2$2.41$12.7$11.9$0.82
2019Detailed filing. Detailed filing data is available for this year.$24.2$22.7$1.50$11.6$11.7$0.03
2018Detailed filing. Detailed filing data is available for this year.$24.2$22.8$1.40$11.7$11.9$0.20
2017Detailed filing. Detailed filing data is available for this year.$22.9$21.4$1.49$11.5$11.4$0.07
2016Detailed filing. Detailed filing data is available for this year.$21.8$20.6$1.18$11.3$11.2$0.07
2015Detailed filing. Detailed filing data is available for this year.$21.3$20.1$1.23$10.9$10.9$0.04
2014Detailed filing. Detailed filing data is available for this year.$21.6$20.4$1.23$11.2$10.6$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$21.0$0.67$10.2$10.2$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$21.3$0.43$10.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$21.6$0.08$9.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.8$22.3$0.47$10.2