Civic Intelligence

Phelps County Community Foundation Inc.

990 • Fiscal year 2021 • EIN 51-0189077

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 15, 2022

424 Garfield StreetHoldrege, NE 68949

(308) 995-6847

Siviq Scores

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

Liabilities / Assets

59th percentile

0.26x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

2.27x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

57th percentile

16%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

19th percentile

$78,129

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

62nd percentile

15%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

50%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$24,290,275

Up $3,238,919 (+15%) from 2020

Net Assets

Up

$18,059,029

Up $2,287,009 (+15%) from 2020

Liabilities

Up

$6,231,246

Up $951,910 (+18%) from 2020

Revenue

Up

$2,746,772

Up $917,512 (+50%) from 2020

Expenses

Up

$2,305,098

Up $428,918 (+23%) from 2020

Net Income

Up

$441,674

Up $488,594 (+1041%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $9,890,310Liabilities 2011: $2,365,987Net Assets 2011: $7,524,3232011Assets 2012: $12,515,724Liabilities 2012: $2,380,179Net Assets 2012: $10,135,5452012Assets 2013: $13,843,311Liabilities 2013: $2,730,204Net Assets 2013: $11,113,1072013Assets 2014: $17,112,280Liabilities 2014: $3,354,604Net Assets 2014: $13,757,6762014Assets 2015: $17,143,877Liabilities 2015: $3,584,641Net Assets 2015: $13,559,2362015Assets 2016: $17,742,078Liabilities 2016: $4,481,922Net Assets 2016: $13,260,1562016Assets 2017: $19,705,444Liabilities 2017: $5,252,900Net Assets 2017: $14,452,5442017Assets 2018: $20,042,574Liabilities 2018: $5,746,499Net Assets 2018: $14,296,0752018Assets 2019: $21,302,306Liabilities 2019: $5,439,545Net Assets 2019: $15,862,7612019Assets 2020: $21,051,356Liabilities 2020: $5,279,336Net Assets 2020: $15,772,0202020Assets 2021: $24,290,275Liabilities 2021: $6,231,246Net Assets 2021: $18,059,0292021Assets 2022: $21,921,417Liabilities 2022: $6,212,524Net Assets 2022: $15,708,8932022Assets 2023: $29,498,112Liabilities 2023: $8,332,341Net Assets 2023: $21,165,7712023Assets 2024: $30,688,606Liabilities 2024: $8,486,733Net Assets 2024: $22,201,8732024

Highlighted filing

2021

Assets$24,290,275
Liabilities$6,231,246
Net Assets$18,059,029

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $529,2202011Expenses 2012: $765,9972012Expenses 2013: $1,017,9912013Revenue 2014: $3,221,030Expenses 2014: $1,568,596Net Income 2014: $1,652,4342014Revenue 2015: $2,067,842Expenses 2015: $1,898,033Net Income 2015: $169,8092015Revenue 2016: $1,735,876Expenses 2016: $1,870,201Net Income 2016: -$134,3252016Revenue 2017: $3,413,176Expenses 2017: $2,725,709Net Income 2017: $687,4672017Revenue 2018: $1,461,516Expenses 2018: $1,786,960Net Income 2018: -$325,4442018Revenue 2019: $3,046,049Expenses 2019: $1,724,062Net Income 2019: $1,321,9872019Revenue 2020: $1,829,260Expenses 2020: $1,876,180Net Income 2020: -$46,9202020Revenue 2021: $2,746,772Expenses 2021: $2,305,098Net Income 2021: $441,6742021Revenue 2022: $2,780,428Expenses 2022: $3,103,002Net Income 2022: -$322,5742022Revenue 2023: $11,441,466Expenses 2023: $6,630,171Net Income 2023: $4,811,2952023Revenue 2024: $4,888,274Expenses 2024: $4,970,045Net Income 2024: -$81,7712024

Highlighted filing

2021

Revenue$2,746,772
Expenses$2,305,098
Net Income$441,674
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 15, 2022
Return Version
2020v4.0
Gross Receipts
$5,978,240
Mission and Program Overview

Mission

To administer donated funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,616,396$23,855,426▲ $3,239,030
Land, Buildings, and Equipment, Net$341,024$332,628▼ $8,396
Savings and Temporary Cash Investments$82,774$78,132▼ $4,642
Cash and Non-Interest-Bearing Accounts$5,560$5,555▼ $5
Total Assets$21,051,356$24,290,275▲ $3,238,919
Other Assets Total$5,602$18,534▲ $12,932
Liabilities
Other Liabilities$5,218,624$6,171,722▲ $953,098
Grants Payable$42,885$38,345▼ $4,540
Accounts Payable and Accrued Expenses$17,827$21,179▲ $3,352
Total Liabilities$5,279,336$6,231,246▲ $951,910
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,836,190$11,637,986▲ $1,801,796
Net Assets Without Donor Restrictions$5,935,830$6,421,043▲ $485,213
Total Net Assets Fund Balance$15,772,020$18,059,029▲ $2,287,009
Total Liabilities and Net Assets / Fund Balance$21,051,356$24,290,275▲ $3,238,919

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$300,211$87,097$387,308
Equipment$32,417$34,576$66,993

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$10,104,050$394,344--$10,498,394
2019$10,047,755$56,295--$10,104,050
2018$8,844,844$1,202,911--$10,047,755
2017$8,820,574$5,925--$8,844,844
2016$7,856,546$961,333--$8,820,574
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kara FaberExec. DirectFT$75,821$2,308$78,129

Board Members and Trustees

NameTitle
Tammy VonasekPresident
Cindy CollinBoard Member
Heather McquillanBoard Member
Lacie WestcottBoard Member
Liz MattsonBoard Member
Luke ThorellBoard Member
Patti SimpsonBoard Member
Richard KrohnBoard Member
Craig PhilipsSecretary
Charles ReeserTreasurer
Carrie TrompkeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,824,433
Program Service Revenue
$66,749
Investment Income
$854,595
Other Revenue
$995
All Other Contributions
$1,824,433
Change in Net Assets
$441,674

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$55,514Fair Market Value
Securities Publicly Traded1$29,904Fair Market Value
Total Noncash Contributions6$85,418-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,746,772
Revenue Not Reported on Form 990
$1,780,766
Total Revenue per Audited Statements
$4,527,538
Total Revenue per Form 990
$2,746,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,862,578
Salaries, Compensation, and Employee Benefits$243,244
Other Expenses$199,276
Total Fundraising Expense$47,992
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,631,379--$1,631,379
Grants to Domestic Individuals$231,199--$231,199
Other Salaries and Wages-$132,231$14,692$146,923
Current Officers, Directors, Trustees, and Key Employees-$67,230$7,470$74,700
Fees for Service Investment Mgmnt Fees-$64,569-$64,569
Depreciation Depletion-$27,255-$27,255
Payroll Taxes-$15,049$1,672$16,721
All Other Expenses-$11,561$3,653$15,214
Office Expenses-$12,672-$12,672
Fees for Services Accounting-$10,230-$10,230
Insurance-$8,072-$8,072
Fees for Services Legal-$8,000-$8,000
Other Expenses-$6,904$14,627$6,904
Advertising--$5,388$5,388
Pension Plan Contributions-$4,410$490$4,900
Conferences and Meetings-$3,830-$3,830
Total Functional Expenses$1,862,578$394,528$47,992$2,305,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,305,098
Total Expenses per Form 990$2,305,098
Total Expenses per Audited Statements$2,240,529
Expenses Not Reported on Form 990$-64,569
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phelps Memorial Health CenterHoldrege, NE3Operations$58,912
Don Sjogren Community YmcaHoldrege, NE3Operations$56,328
Holdrege Volunteer Fire DeptHoldrege, NEGovOperations$51,759
Village of BertrandBertrand, NEGovFire Department$48,446
Loomis Rural Fire DistrictLoomis, NEGovOperations$47,632
All Saints Catholic SchoolHoldrege, NE3Operations$39,514
The Tassel Coordination CouncilHoldrege, NE3Operations$32,201
Christian Charity FundHoldrege, NE3Operations$29,696
All Saints Catholic SchoolHoldrege, NE3Supp, Capital Purch$27,000
Holcomb Evangelical Free ChurchHoldrege, NE3Operations$22,000
The Tassel Coordination CouncilHoldrege, NE3Securing Contracts$18,520
Village of BertrandBertrand, NEGovOperations$18,467
The Salvation ArmyHoldrege, NE3Operations$18,029
The Tassel Coordination CouncilHoldrege, NE3Covid-19 Supp, Oper$17,500
Don Sjogren Community YmcaHoldrege, NE3CAFE' FREE LUNCH$17,000
Phelps County Ag SocietyHoldrege, NEGovBuilding Improvement$15,000
Phelps County Historical SocietyHoldrege, NE3Flooring Project$15,000
Holdrege Area Chamber of CommerceHoldrege, NEGovOperations$12,000
Phelps County Senior CenterHoldrege, NE3Operations$11,310
Citizens for Bronze ArtHoldrege, NE3Sculpture$10,000
First Presbyterian Church of HoldreHoldrege, NE3Operations$10,000
Gosper County Agricultural SocietyElmwood, NEGovCivic Center Upgrade$10,000
Loomis Public SchoolsLoomis, NEGovCovid-19 Med Suppl$10,000
First United Methodist ChurchHoldrege, NE3Operations$9,415
City of HoldredgeHoldrege, NEGovVET'S MEMORIAL PROJ$8,958
Bertrand Area Community FoundationBertrand, NE3Operations$8,895
Nebraska Synod ElcaOmaha, NE3Operations$7,688
Sandstrom Cemetery AssociationBertrand, NE3Operations$7,188
Bertrand Community SchoolBertrand, NE3Pear Deck Lic, Supp$6,450
Phelps County CasaHoldrege, NE3Operations$6,363
Holdrege Optomist ClubHoldrege, NE4Operations$6,196
Holdrege Legion BaseballHoldrege, NE3Operations$6,084
Atlanta Industry CemetaryHoldrege, NEGovLawn Mower$6,000
City of HoldredgeHoldrege, NEGovPolice Department$5,839
Christian Homes IncHoldrege, NE3Door Lock System$5,600
Funk Rural Fire District 1Funk, NEGovOperations$5,588
Christian Homes IncHoldrege, NE3Visiting Boxes$5,500
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
Agency Fnds Hld for Benefit of Othrs$5,858,997
Scholarships Payable$312,725
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 organization's board of directors review the 990 before it is filed.

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

Volunteers and staff are required to fill out a conflict of interest statement. When voting on issues that may be in conflict, members abstain from voting and this is noted in the meeting minutes. Members also abstain from discussion relating to conflicts unless asked for input.

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

The board of directors approves the wage of the executive director.

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

The board of directors and executive director approves the wages of all other staff.

Form 990, Page 6, Part VI, Line 19

The form 990 and other governing documents are made available to the public through request or by accessing the website.

Filing and Contact Details

Filer

Filer Name
Phelps County Community
EIN
51-0189077
Phone
3089956847
Address
424 GARFIELD STREET, HOLDREGE, NE 68949

Signing Officer

Name
Kara Faber
Title
Exec. Direct.
Phone
3089956847
Signed
2022-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tammy Vonasek
Formed
1976
Legal Domicile
Ne
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
11

Preparer

Firm
Amgl Pc
Address
PO BOX 1407, GRAND ISLAND, NE 68802-1407
Preparer
Marcy J Luth CPA
Phone
3083811810
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Board members and at-large members of the foundation are considered volunteers. Volunteers receive no tangible benefits in return for volunteering for the foundation. Board members serve as oversight to spending, financial investments and enforcement of policy and foundation law. Board members have voting rights while staff and at-large members do not have voting rights. At-large members serve the foundation in an advisory capacity only. Volunteers also help with give2grow campaign.

Form 990, Part XI, Line 9

Invest fees netted against revenue -64,569 invest fees netted against revenue 64,569

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Invest fees netted against revenue -64,569

Schedule D, Page 4, Part XII, Line 2D

Invest fees netted against revenue -64,569

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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02869684
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0424441
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0375926
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01824433
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01173940
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02300125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0805037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02869684
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.39340
IRS990ScheduleD/BuildingsGrp/BookValueAmt0300211
IRS990ScheduleD/BuildingsGrp/DepreciationAmt087097
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0387308
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt010104050
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0394344
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt010498394
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010047755
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt056295
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt010104050
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt08844844
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01202911
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010047755
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt08820574
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05925
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt08844844
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IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0180368
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IRS990ScheduleD/EquipmentGrp/BookValueAmt032417
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034576
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066993
IRS990ScheduleD/ExpensesNotReportedAmt0-64569
IRS990ScheduleD/ExpensesSubtotalAmt02305098
IRS990ScheduleD/FundsAndOtherAccountsContriAmt01647798
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt01682210
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt0126
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt017733131
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01845335
IRS990ScheduleD/OtherExpensesIncludedAmt0-64569
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05858997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1312725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AGENCY FNDS HLD FOR BENEFIT OF OTHRS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SCHOLARSHIPS PAYABLE
IRS990ScheduleD/OtherRevenueAmt0-64569
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.60660
IRS990ScheduleD/RevenueNotReportedAmt01780766
IRS990ScheduleD/RevenueSubtotalAmt02746772
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVEST FEES NETTED AGAINST REVENUE -64,569
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INVEST FEES NETTED AGAINST REVENUE -64,569
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0332628
IRS990ScheduleD/TotalExpensesPerForm990Amt02305098
IRS990ScheduleD/TotalLiabilityAmt06171722
IRS990ScheduleD/TotalRevenuePerForm990Amt02746772
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04527538
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02240529
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0231199
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR STUDENTS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.7$8.49$22.2$4.89$4.97$0.08
2023Detailed filing. Detailed filing data is available for this year.$29.5$8.33$21.2$11.4$6.63$4.81
2022Detailed filing. Detailed filing data is available for this year.$21.9$6.21$15.7$2.78$3.10$0.32
2021Detailed filing. Detailed filing data is available for this year.$24.3$6.23$18.1$2.75$2.31$0.44
2020Detailed filing. Detailed filing data is available for this year.$21.1$5.28$15.8$1.83$1.88$0.05
2019Detailed filing. Detailed filing data is available for this year.$21.3$5.44$15.9$3.05$1.72$1.32
2018Detailed filing. Detailed filing data is available for this year.$20.0$5.75$14.3$1.46$1.79$0.33
2017Detailed filing. Detailed filing data is available for this year.$19.7$5.25$14.5$3.41$2.73$0.69
2016Detailed filing. Detailed filing data is available for this year.$17.7$4.48$13.3$1.74$1.87$0.13
2015Detailed filing. Detailed filing data is available for this year.$17.1$3.58$13.6$2.07$1.90$0.17
2014Detailed filing. Detailed filing data is available for this year.$17.1$3.35$13.8$3.22$1.57$1.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$2.73$11.1$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$2.38$10.1$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$2.37$7.52$0.53