Civic Intelligence

Small Business Development Center of Hampton Roads Inc

990 • Fiscal year 2020 • EIN 54-1534595

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 30, 2021

Organization ProfileHRSBDC.ORG
101 West Main Street No 800Norfolk, VA 23510

(757) 664-2500

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

55th percentile

7.4%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$322,494

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 49.9% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

70th percentile

16%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

59%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$292,522

Up $39,609 (+16%) from 2019

Net Assets

Up

$284,901

Up $48,021 (+20%) from 2019

Liabilities

Down

$7,621

Down $8,412 (-52%) from 2019

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin55th percentile

Revenue

Up

$646,848

Up $239,208 (+59%) from 2019

Expenses

Up

$598,827

Up $193,616 (+48%) from 2019

Net Income

Up

$48,021

Up $45,592 (+1877%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$400K$300K$200K$100K$0Assets 2010: $123,347Liabilities 2010: $90,554Net Assets 2010: $32,7932010Assets 2011: $163,420Liabilities 2011: $101,801Net Assets 2011: $61,6192011Assets 2012: $228,350Liabilities 2012: $144,412Net Assets 2012: $83,9382012Assets 2013: $266,916Liabilities 2013: $164,486Net Assets 2013: $102,4302013Assets 2014: $349,199Liabilities 2014: $182,305Net Assets 2014: $166,8942014Assets 2015: $210,196Liabilities 2015: $17,943Net Assets 2015: $192,2532015Assets 2016: $200,349Liabilities 2016: $23,614Net Assets 2016: $176,7352016Assets 2017: $217,435Liabilities 2017: $39,402Net Assets 2017: $178,0332017Assets 2018: $244,080Liabilities 2018: $9,629Net Assets 2018: $234,4512018Assets 2019: $252,913Liabilities 2019: $16,033Net Assets 2019: $236,8802019Assets 2020: $292,522Liabilities 2020: $7,621Net Assets 2020: $284,9012020Assets 2021: $263,643Liabilities 2021: $6,147Net Assets 2021: $257,4962021Assets 2022: $260,544Liabilities 2022: $12,617Net Assets 2022: $247,9272022Assets 2023: $305,397Liabilities 2023: $33,181Net Assets 2023: $272,2162023Assets 2024: $355,301Liabilities 2024: $68,159Net Assets 2024: $287,1422024

Highlighted filing

2020

Assets$292,522
Liabilities$7,621
Net Assets$284,901
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $389,3092010Expenses 2011: $408,8912011Expenses 2012: $492,3872012Revenue 2013: $585,899Expenses 2013: $567,407Net Income 2013: $18,4922013Revenue 2014: $569,454Expenses 2014: $562,205Net Income 2014: $7,2492014Revenue 2015: $583,988Expenses 2015: $558,629Net Income 2015: $25,3592015Revenue 2016: $491,537Expenses 2016: $507,055Net Income 2016: -$15,5182016Revenue 2017: $469,447Expenses 2017: $468,149Net Income 2017: $1,2982017Revenue 2018: $488,908Expenses 2018: $432,490Net Income 2018: $56,4182018Revenue 2019: $407,640Expenses 2019: $405,211Net Income 2019: $2,4292019Revenue 2020: $646,848Expenses 2020: $598,827Net Income 2020: $48,0212020Revenue 2021: $580,598Expenses 2021: $608,003Net Income 2021: -$27,4052021Revenue 2022: $463,349Expenses 2022: $472,918Net Income 2022: -$9,5692022Revenue 2023: $438,323Expenses 2023: $414,034Net Income 2023: $24,2892023Revenue 2024: $545,861Expenses 2024: $530,935Net Income 2024: $14,9262024

Highlighted filing

2020

Revenue$646,848
Expenses$598,827
Net Income$48,021
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 30, 2021
Return Version
2020v4.1
Gross Receipts
$646,848
Mission and Program Overview

Mission

To foster small business success and grow the region's economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$177,139$166,381▼ $10,758
Cash and Non-Interest-Bearing Accounts$75,774$126,141▲ $50,367
Total Assets$252,913$292,522▲ $39,609
Liabilities
Accounts Payable and Accrued Expenses$16,033$7,621▼ $8,412
Total Liabilities$16,033$7,621▼ $8,412
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$231,656$268,847▲ $37,191
Net Assets With Donor Restrictions$5,224$16,054▲ $10,830
Total Net Assets Fund Balance$236,880$284,901▲ $48,021
Total Liabilities and Net Assets / Fund Balance$252,913$292,522▲ $39,609
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sylvia M HainesSecretary--$121,952$121,952
James T Carroll IiiCenter DirectorFT$69,125$5,329$74,454

Board Members and Trustees

NameTitle
Johnny GarciaChairman
Bryan StephensPresident
Bill HolloranDirector
Brent SwansonDirector
James W Noel JrDirector
Jeff RichardsonDirector
Jody a KeenanEx Officio Member
Revenue and Support

Revenue Composition

Contributions and Grants
$646,848
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,830
Change in Net Assets
$48,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$351,016
Other Expenses$247,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$233,078
Fees for Services Other---$104,752
Current Officers, Directors, Trustees, and Key Employees---$74,454
Payroll Taxes---$24,065
Other Employee Benefits---$9,744
Pension Plan Contributions---$9,675
Fees for Services Accounting---$8,490
Office Expenses---$8,462
Travel---$3,628
Other Expenses---$812
All Other Expenses---$556
Insurance---$515
Conferences and Meetings---$139
Total Functional Expenses$0$0$0$598,827
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The officers review form 990 prior to its filing and report to the board. The draft form 990 was also uploaded to guidestar and the email was sent notifying the board members that it was available for review.”

Form 990, Part VI, Section C, Line 19

“Organization makes governing documents, conflict of interest policy, and financial statements available to the public upon request. Tax returns are also available for public inspection through guidestar.”

Filing and Contact Details

Filer

Filer Name
Small Business Development Center of
EIN
54-1534595
Phone
7576642500
Address
101 WEST MAIN STREET NO 800, NORFOLK, VA 23510

Signing Officer

Name
Sylvia Haines
Title
Secretary
Phone
7576642500
Signed
2021-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sylvia Haines
Formed
1990
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
6
Employees
9
Volunteers
22

Preparer

Firm
Cherry Bekaert Llp
Address
222 CENTRAL PARK AVE STE 1400, VIRGINIA BEACH, VA 23462
Preparer
Barbara Smith
Phone
7574562400
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2B

“The hampton roads chamber of commerce processes the payroll for this entity and the w-2s and 941s are filed under the chamber of commerce.”

Form 990, Part IX, Line 11G

“CONSULTANT FEES 104,752.”

Financial Statement Notes

PART X, LINE 2:

“The chamber and the affiliates are exempt from federal income taxes under section 501(c)(3) or 501(c)(6) of the internal revenue code; accordingly, the accompanying combined financial statements do not reflect a provision or liability for federal and state income taxes. However, income from certain activities not directly related to the chamber's tax-exempt purpose is subject to taxation as unrelated business income. The chamber and the affiliates have determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2020 and 2019.”

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt05400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRYAN STEPHENS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0322494
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HAMPTON ROADS CHAMBER OF COMMERCE PROCESSES THE PAYROLL FOR THIS ENTITY AND THE W-2S AND 941S ARE FILED UNDER THE CHAMBER OF COMMERCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS REVIEW FORM 990 PRIOR TO ITS FILING AND REPORT TO THE BOARD. THE DRAFT FORM 990 WAS ALSO UPLOADED TO GUIDESTAR AND THE EMAIL WAS SENT NOTIFYING THE BOARD MEMBERS THAT IT WAS AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TAX RETURNS ARE ALSO AVAILABLE FOR PUBLIC INSPECTION THROUGH GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANT FEES 104,752.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0541252997
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BUSINESS PROMOTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0101 WEST MAIN ST STE 800
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NORFOLK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023510
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0347639
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt118853
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST ALLOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST ALLOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HAMPTON ROADS CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HAMPTON ROADS CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0252913
IRS990/TotalAssetsEOYAmt0292522
IRS990/TotalAssetsGrp/BOYAmt0252913
IRS990/TotalAssetsGrp/EOYAmt0292522
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0646848
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt0598827
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016033
IRS990/TotalLiabilitiesEOYAmt07621
IRS990/TotalLiabilitiesGrp/BOYAmt016033
IRS990/TotalLiabilitiesGrp/EOYAmt07621
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0236880
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0284901
IRS990/TotalOtherCompensationAmt039642
IRS990/TotalReportableCompFromOrgAmt069125
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0646848
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt022
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0252913
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0292522
IRS990/TotReportableCompRltdOrgAmt0410133
IRS990/TransactionWithControlEntInd00
IRS990/TravelGrp/TotalAmt03628
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023510
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HRSBDC.ORG
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SYLVIA HAINES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07576642500
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMALL BUSINESS DEVELOPMENT CENTER OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HAMPTON ROADS
ReturnHeader/Filer/BusinessNameControlTxt0SMAL
ReturnHeader/Filer/EIN0541534595
ReturnHeader/Filer/PhoneNum07576642500
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 WEST MAIN STREET NO 800
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023510
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560574444
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHERRY BEKAERT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 CENTRAL PARK AVE STE 1400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VIRGINIA BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023462
ReturnHeader/PreparerPersonGrp/PhoneNum07574562400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARBARA SMITH
ReturnHeader/ReturnTs02021-11-10T13:03:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SYLVIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAINES
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$292,522
Liabilities
$7,621
Net assets
$284,901
Revenue
$646,848
Expenses
$598,827
Net income
$48,021
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.55$0.68$2.87$5.46$5.31$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.33$2.72$4.38$4.14$0.24
2022Detailed filing. Detailed filing data is available for this year.$2.61$0.13$2.48$4.63$4.73$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.64$0.06$2.57$5.81$6.08$0.27
2020Detailed filing. Detailed filing data is available for this year.$2.93$0.08$2.85$6.47$5.99$0.48
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.16$2.37$4.08$4.05$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.44$0.10$2.34$4.89$4.32$0.56
2017Detailed filing. Detailed filing data is available for this year.$2.17$0.39$1.78$4.69$4.68$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.00$0.24$1.77$4.92$5.07$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.10$0.18$1.92$5.84$5.59$0.25
2014Detailed filing. Detailed filing data is available for this year.$3.49$1.82$1.67$5.69$5.62$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.67$1.64$1.02$5.86$5.67$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$1.44$0.84$4.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$1.02$0.62$4.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.91$0.33$3.89