Civic Intelligence

Learning Undefeated Inc.

990 • Fiscal year 2017 • EIN 52-1806820

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization Profilewww.mdbiofoundation.org

View Organization Page

9841 Washingtonian Blvd No 415Gaithersburg, MD 20878

(240) 243-4026

Siviq Scores

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

Liabilities / Assets

49th percentile

0.15x

Higher debt load relative to assets than 49% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.63x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$223,074

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

86th percentile

26%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

150%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$6,625,372

Up $1,359,557 (+26%) from 2016

Net Assets

Up

$5,618,832

Up $398,211 (+7.6%) from 2016

Liabilities

Up

$1,006,540

Up $961,346 (+2127%) from 2016

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin74th percentile

Revenue

Up

$1,590,584

Up $953,359 (+150%) from 2016

Expenses

Up

$1,337,347

Up $333,034 (+33%) from 2016

Net Income

Up

$253,237

Up $620,325 (+169%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$10M$5.0M$0Assets 2011: $8,189,563Liabilities 2011: $47,034Net Assets 2011: $8,142,5292011Assets 2012: $7,046,700Liabilities 2012: $52,442Net Assets 2012: $6,994,2582012Assets 2013: $6,426,717Liabilities 2013: $75,990Net Assets 2013: $6,350,7272013Assets 2014: $6,304,261Liabilities 2014: $56,133Net Assets 2014: $6,248,1282014Assets 2015: $5,861,242Liabilities 2015: $51,314Net Assets 2015: $5,809,9282015Assets 2016: $5,265,815Liabilities 2016: $45,194Net Assets 2016: $5,220,6212016Assets 2017: $6,625,372Liabilities 2017: $1,006,540Net Assets 2017: $5,618,8322017Assets 2018: $6,397,240Liabilities 2018: $1,245,579Net Assets 2018: $5,151,6612018Assets 2019: $7,664,755Liabilities 2019: $2,311,953Net Assets 2019: $5,352,8022019Assets 2020: $6,574,210Liabilities 2020: $845,138Net Assets 2020: $5,729,0722020Assets 2021: $6,516,289Liabilities 2021: $362,617Net Assets 2021: $6,153,6722021Assets 2022: $5,737,228Liabilities 2022: $1,279,312Net Assets 2022: $4,457,9162022Assets 2023: $5,074,772Liabilities 2023: $1,087,740Net Assets 2023: $3,987,0322023Assets 2024: $9,324,174Liabilities 2024: $5,162,232Net Assets 2024: $4,161,9422024

Highlighted filing

2017

Assets$6,625,372
Liabilities$1,006,540
Net Assets$5,618,832
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $140,622Expenses 2011: $1,034,292Net Income 2011: -$893,6702011Revenue 2012: $287,914Expenses 2012: $1,328,441Net Income 2012: -$1,040,5272012Expenses 2013: $1,358,1392013Revenue 2014: $538,503Expenses 2014: $1,128,469Net Income 2014: -$589,9662014Revenue 2015: $522,832Expenses 2015: $950,170Net Income 2015: -$427,3382015Revenue 2016: $637,225Expenses 2016: $1,004,313Net Income 2016: -$367,0882016Revenue 2017: $1,590,584Expenses 2017: $1,337,347Net Income 2017: $253,2372017Revenue 2018: $1,666,152Expenses 2018: $2,091,577Net Income 2018: -$425,4252018Revenue 2019: $2,387,313Expenses 2019: $2,465,606Net Income 2019: -$78,2932019Revenue 2020: $1,732,472Expenses 2020: $2,891,399Net Income 2020: -$1,158,9272020Revenue 2021: $2,709,054Expenses 2021: $2,877,577Net Income 2021: -$168,5232021Revenue 2022: $2,317,221Expenses 2022: $3,058,920Net Income 2022: -$741,6992022Revenue 2023: $2,656,719Expenses 2023: $3,309,243Net Income 2023: -$652,5242023Revenue 2024: $3,372,004Expenses 2024: $3,485,537Net Income 2024: -$113,5332024

Highlighted filing

2017

Revenue$1,590,584
Expenses$1,337,347
Net Income$253,237
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$3,194,010
Mission and Program Overview

Mission

Learning Undefeated builds STEM experiences that are shaping the next generation of innovators. Continued in Schedule O . . .

Provide and support STEM skills and career awareness among underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,248,060$5,038,109▲ $790,049
Land, Buildings, and Equipment, Net$355,846$810,111▲ $454,265
Cash and Non-Interest-Bearing Accounts$116,273$213,306▲ $97,033
Accounts Receivable$28,378$56,777▲ $28,399
Prepaid Expenses and Deferred Charges$1,976$3,136▲ $1,160
Investments Other Securities$6,782$1,133▼ $5,649
Total Assets$5,265,815$6,625,372▲ $1,359,557
Other Assets Total$508,500$502,800▼ $5,700
Liabilities
Deferred Revenue$0$910,785▲ $910,785
Accounts Payable and Accrued Expenses$43,405$94,466▲ $51,061
Other Liabilities$1,789$1,289▼ $500
Total Liabilities$45,194$1,006,540▲ $961,346
Net Assets / Fund Balance
Unrestricted Net Assets$5,220,621$5,618,832▲ $398,211
Total Net Assets Fund Balance$5,220,621$5,618,832▲ $398,211
Total Liabilities and Net Assets / Fund Balance$5,265,815$6,625,372▲ $1,359,557

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$810,039$268,486$1,078,525
Leasehold Improvements$72$3,935$4,007
Other Land Buildings$0$1,267$1,267
Other Assets Org$2,800--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian Gaineschief executive officerFT$179,364$44,624$223,988
Jennifer ColvinVice PresidentFT$111,604$11,867$123,471

Board Members and Trustees

NameTitle
Jennifer Cotteleerchair
JJ FinkelsteinChairman Emeritus
Alan S KleinDirector
Barbara SolowDIrector
Brian rosenDirector
Douglas A DoerflerDirector
Ed Eisenstein PhDDirector
Elizabeth HuntleyDirector
Henry BernsteinDirector
Jeff FordDirector
Jennifer BahramiDirector
Stanley C ErckDirector
Steven CoatsDirector
Mark GrantChief Financial Officer
Samuel B Sterrett JrSecretary
William SniderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,080,221
Program Service Revenue
$0
Investment Income
$510,363
Other Revenue
$0
All Other Contributions
$840,399
Change in Net Assets
$253,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$737,249
Other Expenses$600,098
Total Fundraising Expense$147,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$333,078$77,319$76,728$487,125
Current Officers, Directors, Trustees, and Key Employees$136,318$56,268$31,402$223,988
Travel$133,196$3,848$5,041$142,085
Fees for Services Other$61,223$37,305$31,020$129,548
Office Expenses$90,809$9,537$13$100,359
Fees for Services Accounting-$74,240-$74,240
Conferences and Meetings$23,674$6,438$327$30,439
Other Employee Benefits-$25,199-$25,199
Advertising$8,164-$1,773$9,937
All Other Expenses$6,605$678-$7,283
Insurance-$5,027-$5,027
Information Technology$3,417$558-$3,975
Other Expenses$6,473$1,961$744$2,705
Depreciation Depletion-$2,587-$2,587
Payroll Taxes-$937-$937
Total Functional Expenses$802,957$387,342$147,048$1,337,347
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
Mark GrantChief Financial OfficerMARK GRANT IS THE OWNER OF MARK D. GRANT, LLC. THE ORGANIZATION HAS ENTERED INTO A CONSULTING AGREEMENT WITH MARK D. GRANT, LLC THAT PROVIDES GENERAL MANAGEMENT SERVICES TO THE ORGANIZATION. UNDER THE TERMS OF THE AGREEMENT, MARK D. GRANT, LLC IS TO PROVIDE THE ORGANIZATION WITH THE SERVICES OF THE INDIVIDUAL CURRENTLY SERVING AS THE ORGANIZATION'S CFO. MARK D. GRANT, LLC IS OWNED BY THE ORGANIZATION'S CFO. THE CFO RECEIVES NO COMPENSATION OR FRINGE BENEFITS FROM THE ORGANIZATION OTHER THAN WHAT IS DERIVED FROM PAYMENTS TO MARK D. GRANT, LLC.No$48,100
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to C6$1,289
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 3

“Mark D. Grant, LLC Provides Management services to MDBIO. Mark Grant, CFO, does not receive any compensation directly from MDBIO.”

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

“THE INITIAL REVIEW OF THE 990 IS CONDUCTED BY THE Chief financial officer. IT IS FORWARDED TO THE CEO AND THEN PASSED ALONG TO THE AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE THEN FORWARDS IT TO THE BOARD OF DIRECTORS, HIGHLIGHTING AREAS OF SIGNIFICANCE. THE BOARD OF DIRECTORS PROVIDES ITS REVIEW AND COMMUNICATES TO MDBIOF'S MANAGEMENT THAT THE 990 CAN BE FINALIZED.”

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

“The conflict of interest policy is forwarded to each board of directors member on an annual basis and must be reviewed and signed in order to obtain (for new board of directors) or maintain (for existing board of directors).”

Form 990, Part VI, Section B, line 15A

“Compensation of key employees (non ceo) is typically determined by the ceo. Any significant changes to compensation levels may be referred to the board of directors for approval. The compensation for the ceo is always determined by the board of directors. Compensation studies are peformed periodically to determine if mdbiof's compensation levels are comparable to similar organizations.”

Form 990, Part VI, Section C, line 19

“Mdbiof makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mdbio Foundation Inc
EIN
52-1806820
Phone
2402434026
Address
9841 Washingtonian Blvd No 415, Gaithersburg, MD 20878

Signing Officer

Name
Brian GAINES
Title
CEO
Phone
2402434026
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Gaines
Formed
1992
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
13
Volunteers
200

Preparer

Firm
Tate and Tryon
Address
2021 L Street NW Suite 400, Washington, DC 20036
Preparer
Frederick Longwood
Phone
2022932200
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“During the tax year, the organization began the verizon innovative learning explorer lab program. Refer to form 990, part iii, line 4b for a description of the new program.”

Raw XML AppendixShowing 400 of 630 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/Form990PartVIISectionAGrp/PersonNm0Jennifer Cotteleer
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM SNIDER
IRS990/Form990PartVIISectionAGrp/PersonNm2Samuel B Sterrett Jr
IRS990/Form990PartVIISectionAGrp/PersonNm3JJ Finkelstein
IRS990/Form990PartVIISectionAGrp/PersonNm4Jennifer Bahrami
IRS990/Form990PartVIISectionAGrp/PersonNm5Henry Bernstein
IRS990/Form990PartVIISectionAGrp/PersonNm6Steven Coats
IRS990/Form990PartVIISectionAGrp/PersonNm7Douglas A Doerfler
IRS990/Form990PartVIISectionAGrp/PersonNm8Ed Eisenstein PhD
IRS990/Form990PartVIISectionAGrp/PersonNm9Stanley C Erck
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeff Ford
IRS990/Form990PartVIISectionAGrp/PersonNm11Elizabeth Huntley
IRS990/Form990PartVIISectionAGrp/PersonNm12Alan S Klein
IRS990/Form990PartVIISectionAGrp/PersonNm13Brian rosen
IRS990/Form990PartVIISectionAGrp/PersonNm14BARBARA SOLOW
IRS990/Form990PartVIISectionAGrp/PersonNm15Brian Gaines
IRS990/Form990PartVIISectionAGrp/PersonNm16MARK GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm17Jennifer Colvin
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IRS990/Form990PartVIISectionAGrp/TitleTxt0chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt15chief executive officer
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17Vice President
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MdBio Foundation sparks interest in life-changing career opportunities in science, technology, engineering and math (STEM) for underserved communities through innovative, effective and experiential STEM education programs for middle school and high school students, and workforce development programs for adults.
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IRS990/OtherExpensesGrp/Desc1EDUCATION
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IRS990/OtherExpensesGrp/Desc3Dues and Subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt0744
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt079797
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23083
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31961
IRS990/OtherExpensesGrp/ProgramServicesAmt06473
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IRS990/OtherExpensesGrp/TotalAmt19033
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt077319
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0937
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03136
IRS990/PrincipalOfficerNm0Brian Gaines
IRS990/PriorPeriodAdjustmentsAmt045626
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Verizon INNOVATIVE LEARNING EXPLORER LAB - The Verizon Innovative Learning explorer lab is an entirely new way for middle school students to discover concepts of engineering design. The explorer lab is a shared immersive learning experience that combines movie-quality video, special eFFects, and hands-on educational gaming to create a learning environment that gets kids excited about science, technology, engineering and math (STEM) - right in the school parking lot.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0190966
IRS990/ProgSrvcAccomActy3Grp/Desc0MdBioLab - MdBioLab, is part of the Foundation's larger strategy to increase student interest in STEM careers. The mobile lab is a custom-built mobile laboratory that serves high school students, and their teachers, throughout the state of Maryland. MdBioLab's goal is to increase student experience and confidence with laboratory concepts and techniques while alleviating the budgetary burdens of laboratory science on schools. It also works to increase teacher self-efficacy for educators who may struggle with the advanced concepts, theories, and equipment used in laboratory science.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0101701
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS
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IRS990/PYTotalExpensesAmt01004313
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE MDBIO FOUNDATION WAS ESTABLISHED TO PROVIDE AND SUPPORT BIOSCIENCE AWARENESS, EDUCATION, AND WORKFORCE DEVELOPMENT IN THE STATE OF MARYLAND. THE FOUNDATION ACCOMPLISHES THAT MISSION THROUGH MULTIPLE EDUCATIONAL ANDWORKFORECE DEVELOPMENT PROGRAMS, INCLUDING MDBIOLAB, THE YOUNG SCIENCE EXPLORERS PROGRAM, MULTIPLE CAREER VIDEOS TO HIGH SCHOOLS, BIOSCIENCE THEATER PERFORMANCES, AND EDUCATIONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR HIGH SCHOOL STUDENTS AND THOSE EMPLOYED IN BIOSCIENCE. THE FOUNDATION ACTIVELY SEEKS TO EXPAND ITS BASE OF CONTRIBUTIONS AND THE ACTIVITIES OF THE FOUNDATION DO NOT DIRECTLY BENEFIT A NARROW POPULATION OF CONTRIBUTORS, BUT THE GENERAL PUBLIC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Miscellaneous - 2012 Amount: $ 1,000. 2013 Amount: $ 1,400. 2014 Amount: $ 8,431. 2015 Amount: $ 230. 2016 Amount: $ 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
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Filings

Displayed year

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

Open filing
Assets
$6,625,372
Liabilities
$1,006,540
Net assets
$5,618,832
Revenue
$1,590,584
Expenses
$1,337,347
Net income
$253,237
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.32$5.16$4.16$3.37$3.49$0.11
2023Detailed filing. Detailed filing data is available for this year.$5.07$1.09$3.99$2.66$3.31$0.65
2022Detailed filing. Detailed filing data is available for this year.$5.74$1.28$4.46$2.32$3.06$0.74
2021Detailed filing. Detailed filing data is available for this year.$6.52$0.36$6.15$2.71$2.88$0.17
2020Detailed filing. Detailed filing data is available for this year.$6.57$0.85$5.73$1.73$2.89$1.16
2019Summary only. Only limited summary data is available for this year.$7.66$2.31$5.35$2.39$2.47$0.08
2018Detailed filing. Detailed filing data is available for this year.$6.40$1.25$5.15$1.67$2.09$0.43
2017Detailed filing. Detailed filing data is available for this year.$6.63$1.01$5.62$1.59$1.34$0.25
2016Detailed filing. Detailed filing data is available for this year.$5.27$0.05$5.22$0.64$1.00$0.37
2015Detailed filing. Detailed filing data is available for this year.$5.86$0.05$5.81$0.52$0.95$0.43
2014Detailed filing. Detailed filing data is available for this year.$6.30$0.06$6.25$0.54$1.13$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$0.08$6.35$1.36
2012Summary only. Only limited summary data is available for this year.$7.05$0.05$6.99$0.29$1.33$1.04
2011Summary only. Only limited summary data is available for this year.$8.19$0.05$8.14$0.14$1.03$0.89