Civic Intelligence

Glenrochie Recreation Inc

990 • Fiscal year 2014 • EIN 54-1070247

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

PO Box 1536Abingdon, VA 24212

(276) 628-3059

Siviq Scores

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

Liabilities / Assets

84th percentile

0.72x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

89th percentile

2.38x

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

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Net Margin

21st percentile

-6.3%

Higher net margin than 21% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

84th percentile

$81,947

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Asset Growth

26th percentile

-3.3%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

45th percentile

0.9%

Faster revenue growth than 45% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Flat

$4,087,493

Flat from 2014

Net Assets

Flat

$1,133,779

Flat from 2014

Liabilities

Flat

$2,953,714

Flat from 2014

Revenue

Flat

$1,243,332

Flat from 2014

Expenses

Flat

$1,321,873

Flat from 2014

Net Income

Flat

-$78,541

Flat from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,652,098Liabilities 2011: $3,388,709Net Assets 2011: $1,263,3892011Assets 2012: $4,284,682Liabilities 2012: $2,917,838Net Assets 2012: $1,366,8442012Assets 2013: $4,226,315Liabilities 2013: $3,012,891Net Assets 2013: $1,213,4242013Assets 2014: $4,087,493Liabilities 2014: $2,953,714Net Assets 2014: $1,133,7792014Assets 2014: $4,087,493Liabilities 2014: $2,953,714Net Assets 2014: $1,133,7792014Assets 2015: $3,869,987Liabilities 2015: $2,943,195Net Assets 2015: $926,7922015Assets 2016: $3,784,345Liabilities 2016: $2,918,393Net Assets 2016: $865,9522016Assets 2017: $3,679,834Liabilities 2017: $2,886,092Net Assets 2017: $793,7422017Assets 2018: $3,828,481Liabilities 2018: $2,937,597Net Assets 2018: $890,8842018Assets 2019: $3,766,484Liabilities 2019: $2,872,514Net Assets 2019: $893,9702019Assets 2020: $3,808,263Liabilities 2020: $2,808,717Net Assets 2020: $999,5462020Assets 2021: $3,879,400Liabilities 2021: $2,560,049Net Assets 2021: $1,319,3512021Assets 2022: $3,882,858Liabilities 2022: $2,446,219Net Assets 2022: $1,436,6392022Assets 2024: $3,781,799Liabilities 2024: $1,972,485Net Assets 2024: $1,809,3142024

Highlighted filing

2014

Assets$4,087,493
Liabilities$2,953,714
Net Assets$1,133,779

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,443,4852011Expenses 2012: $1,430,0482012Revenue 2013: $1,231,727Expenses 2013: $1,383,546Net Income 2013: -$151,8192013Revenue 2014: $1,243,332Expenses 2014: $1,321,873Net Income 2014: -$78,5412014Revenue 2014: $1,243,332Expenses 2014: $1,321,873Net Income 2014: -$78,5412014Revenue 2015: $1,173,973Expenses 2015: $1,380,960Net Income 2015: -$206,9872015Revenue 2016: $1,172,562Expenses 2016: $1,233,402Net Income 2016: -$60,8402016Revenue 2017: $1,141,418Expenses 2017: $1,213,628Net Income 2017: -$72,2102017Revenue 2018: $1,332,316Expenses 2018: $1,182,486Net Income 2018: $149,8302018Revenue 2019: $1,251,458Expenses 2019: $1,248,372Net Income 2019: $3,0862019Revenue 2020: $1,397,910Expenses 2020: $1,287,534Net Income 2020: $110,3762020Revenue 2021: $1,671,175Expenses 2021: $1,349,770Net Income 2021: $321,4052021Revenue 2022: $1,655,604Expenses 2022: $1,538,316Net Income 2022: $117,2882022Revenue 2024: $1,810,082Expenses 2024: $1,739,983Net Income 2024: $70,0992024

Highlighted filing

2014

Revenue$1,243,332
Expenses$1,321,873
Net Income-$78,541
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$1,300,479
Mission and Program Overview

Mission

Private country club providing golf, swimming pool, tennis courts, full service.

Private Country Club that provides a golf course, swimming pool, tennis facilities, and a restaurant. The club also has a small pro shop with merchandise for sale. The club also has a banquet facility that guests may rent for various functions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,998,030$3,874,736▼ $123,294
Accounts Receivable$166,556$170,938▲ $4,382
Inventories for Sale or Use$35,409$27,257▼ $8,152
Prepaid Expenses and Deferred Charges$10,608$4,306▼ $6,302
Savings and Temporary Cash Investments$165$45▼ $120
Cash and Non-Interest-Bearing Accounts$-3,547$-6,872▼ $3,325
Total Assets$4,226,315$4,087,493▼ $138,822
Other Assets Total$19,094$17,083▼ $2,011
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,777,290$2,766,083▼ $11,207
Deferred Revenue$153,281$142,296▼ $10,985
Accounts Payable and Accrued Expenses$62,793$32,183▼ $30,610
Other Liabilities$19,527$13,152▼ $6,375
Total Liabilities$3,012,891$2,953,714▼ $59,177
Net Assets / Fund Balance
Unrestricted Net Assets$1,213,424$1,133,779▼ $79,645
Total Net Assets Fund Balance$1,213,424$1,133,779▼ $79,645
Total Liabilities and Net Assets / Fund Balance$4,226,315$4,087,493▼ $138,822

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$628,114$2,328,677$2,956,791
Land$1,726,018-$1,726,018
Equipment$1,516,128-$1,516,128
Other Land Buildings$4,476-$4,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ben AbelGeneral ManagerFT$81,947$81,947

Board Members and Trustees

NameTitle
Billy WittPresident
David ScyphersBoard Member
Joe LyleBoard Member
John BundyBoard Member
Lee LawsonBoard Member
Lewis SpicerBoard Member
Lola WellsBoard Member
Mark EschleBoard Member
Mike HillmanBoard Member
Otey DudleyBoard Member
Phillip SprinkleBoard Member
Riley ClarkBoard Member
Troy NicholsBoard Member
Chad PenningtonSecretary
Hugh FergusonVP/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$912,285
Program Service Revenue
$303,291
Investment Income
$5
Other Revenue
$27,751
Change in Net Assets
$-78,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$863,939
Salaries, Compensation, and Employee Benefits$457,934
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$332,410--$332,410
Occupancy$151,000--$151,000
Interest$146,073--$146,073
Depreciation Depletion$126,373--$126,373
All Other Expenses$89,897--$89,897
Current Officers, Directors, Trustees, and Key Employees$81,947--$81,947
Insurance$71,199--$71,199
Other Expenses$56,096--$56,096
Fees for Services Management$49,500--$49,500
Payroll Taxes$43,577--$43,577
Office Expenses$28,567--$28,567
Travel$5,700--$5,700
Fees for Services Accounting$4,145--$4,145
Conferences and Meetings$661--$661
Advertising$152--$152
Total Functional Expenses$1,321,873$0$0$1,321,873
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Dues Income$9,600
Federal income taxes$3,552
Old Members Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 19

The Organization makes its governing documents, polocies, and financial information available to the public by notice in the clubhouse. These documents are available for viewing by the public and members. The public may request additional information anytime thru the clubhouse office.

Form 990, Part VI, Section B, Line 15

The Organizations compensation of employees is determined by the personnel committee. The personnel committee is comprised of current board members. The personnel committee makes their recommendations to the entire board who then votes on the matter.

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

The Organization provides a copy of the 990 to the board in the month the return is completed. It is then discussed by the board to address any questions or concerns. The return is also made available for viewing in the club office.

Filing and Contact Details

Filer

Filer Name
Glenrochie Recreation Inc
EIN
54-1070247
Phone
2766283059
Address
PO Box 1536, Abingdon, VA 24212

Signing Officer

Name
Ben Abel
Title
Gm
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Bales
Formed
1958
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
57
Volunteers
5

Preparer

Firm
Amber B Hayes CPA
Address
1211 E Jackson Blvd Suite 3, Jonesborough, TN 37659
Preparer
Amber B Hayes
Phone
4239134021
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IRS990/MissionDesc0The Glenrochie Country Club is a private golfing community that provides exceptional family-oriented recreational and social facilities, services, and activites while operating to the highest degree of excellence. Our sole purpose is to insure the optimum enjoyment of our Club members and their families.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02777290
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02766083
IRS990/NetAssetsOrFundBalancesBOYAmt01213424
IRS990/NetAssetsOrFundBalancesEOYAmt01133779
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt022501
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0151000
IRS990/OccupancyGrp/TotalAmt0151000
IRS990/OfficeExpensesGrp/ProgramServicesAmt028567
IRS990/OfficeExpensesGrp/TotalAmt028567
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019094
IRS990/OtherAssetsTotalGrp/EOYAmt017083
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Chemicals Supplies
IRS990/OtherExpensesGrp/Desc1Equipment Lease/Rental
IRS990/OtherExpensesGrp/Desc2Merchant Fees
IRS990/OtherExpensesGrp/Desc3Repairs Maintenance
IRS990/OtherExpensesGrp/ProgramServicesAmt090274
IRS990/OtherExpensesGrp/ProgramServicesAmt133177
IRS990/OtherExpensesGrp/ProgramServicesAmt211125
IRS990/OtherExpensesGrp/ProgramServicesAmt356096
IRS990/OtherExpensesGrp/TotalAmt090274
IRS990/OtherExpensesGrp/TotalAmt133177
IRS990/OtherExpensesGrp/TotalAmt211125
IRS990/OtherExpensesGrp/TotalAmt356096
IRS990/OtherLiabilitiesGrp/BOYAmt019527
IRS990/OtherLiabilitiesGrp/EOYAmt013152
IRS990/OtherRevenueMiscGrp/BusinessCd0713910
IRS990/OtherRevenueMiscGrp/Desc0Sign Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05250
IRS990/OtherRevenueTotalAmt05250
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0332410
IRS990/OtherSalariesAndWagesGrp/TotalAmt0332410
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt043577
IRS990/PayrollTaxesGrp/TotalAmt043577
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010608
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04306
IRS990/PrincipalOfficerNm0Larry Bales
IRS990/PriorPeriodAdjustmentsAmt0-1104
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1713910
IRS990/ProgramServiceRevenueGrp/BusinessCd2713910
IRS990/ProgramServiceRevenueGrp/BusinessCd3713910
IRS990/ProgramServiceRevenueGrp/Desc0Golf Income
IRS990/ProgramServiceRevenueGrp/Desc1Clubhouse / Pool Rental
IRS990/ProgramServiceRevenueGrp/Desc2Tennis Income
IRS990/ProgramServiceRevenueGrp/Desc3Miscellaneous Club Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0279924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15594
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211613
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0279924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36160
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0923578
IRS990/PYInvestmentIncomeAmt041
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0880356
IRS990/PYOtherRevenueAmt08551
IRS990/PYProgramServiceRevenueAmt0299557
IRS990/PYRevenuesLessExpensesAmt0-151819
IRS990/PYSalariesCompEmpBnftPaidAmt0503190
IRS990/PYTotalExpensesAmt01383546
IRS990/PYTotalRevenueAmt01231727
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-78541
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01243332
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0165
IRS990/SavingsAndTempCashInvstGrp/EOYAmt045
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0628114
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02328677
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02956791
IRS990ScheduleD/EquipmentGrp/BookValueAmt01516128
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01516128
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt01726018
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01726018
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04476
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Unearned Dues Income
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Old Members Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03874736
IRS990ScheduleD/TotalLiabilityAmt013152
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization makes its governing documents, polocies, and financial information available to the public by notice in the clubhouse. These documents are available for viewing by the public and members. The public may request additional information anytime thru the clubhouse office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organizations compensation of employees is determined by the personnel committee. The personnel committee is comprised of current board members. The personnel committee makes their recommendations to the entire board who then votes on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization provides a copy of the 990 to the board in the month the return is completed. It is then discussed by the board to address any questions or concerns. The return is also made available for viewing in the club office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04226315
IRS990/TotalAssetsEOYAmt04087493
IRS990/TotalAssetsGrp/BOYAmt04226315
IRS990/TotalAssetsGrp/EOYAmt04087493
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0912285
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01321873
IRS990/TotalFunctionalExpensesGrp/TotalAmt01321873
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03012891
IRS990/TotalLiabilitiesEOYAmt02953714
IRS990/TotalLiabilitiesGrp/BOYAmt03012891
IRS990/TotalLiabilitiesGrp/EOYAmt02953714
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01213424
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01133779
IRS990/TotalProgramServiceExpensesAmt01321873
IRS990/TotalProgramServiceRevenueAmt0303291
IRS990/TotalReportableCompFromOrgAmt081947
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0308546
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01243332
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04226315
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04087493
IRS990/TravelGrp/ProgramServicesAmt05700
IRS990/TravelGrp/TotalAmt05700
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01213424
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01133779

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$1.97$1.81$1.81$1.74$0.07
2022Summary only. Only limited summary data is available for this year.$3.88$2.45$1.44$1.66$1.54$0.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$2.56$1.32$1.67$1.35$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$2.81$1.00$1.40$1.29$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$2.87$0.89$1.25$1.25$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$2.94$0.89$1.33$1.18$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.68$2.89$0.79$1.14$1.21$0.07
2016Summary only. Only limited summary data is available for this year.$3.78$2.92$0.87$1.17$1.23$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.87$2.94$0.93$1.17$1.38$0.21
2014Detailed filing. Detailed filing data is available for this year.$4.09$2.95$1.13$1.24$1.32$0.08
2014Summary only. Only limited summary data is available for this year.$4.09$2.95$1.13$1.24$1.32$0.08
2013Detailed filing. Detailed filing data is available for this year.$4.23$3.01$1.21$1.23$1.38$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$2.92$1.37$1.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$3.39$1.26$1.44