Civic Intelligence

Barton College

990 • Fiscal year 2017 • EIN 56-0529933

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

PO Box 5000Wilson, NC 27893-7000

(252) 399-6331

Siviq Scores

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

Liabilities / Assets

46th percentile

0.26x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

48th percentile

0.48x

Higher debt load relative to revenue than 48% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Source year 2017

Net Margin

41st percentile

1.3%

Higher net margin than 41% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

45th percentile

$316,123

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

9th percentile

-4.8%

Faster asset growth than 9% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-13%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Down

$71,110,405

Down $3,571,231 (-4.8%) from 2016

Net Assets

Up

$52,809,672

Up $463,758 (+0.9%) from 2016

Liabilities

Down

$18,300,733

Down $4,034,989 (-18%) from 2016

Revenue

Down

$37,765,343

Down $5,699,211 (-13%) from 2016

Expenses

Up

$37,275,107

Up $1,600,437 (+4.5%) from 2016

Net Income

Down

$490,236

Down $7,299,648 (-94%) from 2016

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $59,768,241Liabilities 2010: $24,537,467Net Assets 2010: $35,230,7742010Assets 2011: $61,604,898Liabilities 2011: $22,622,630Net Assets 2011: $38,982,2682011Assets 2012: $61,437,211Liabilities 2012: $20,621,637Net Assets 2012: $40,815,5742012Assets 2013: $61,503,622Liabilities 2013: $17,973,427Net Assets 2013: $43,530,1952013Assets 2014: $67,122,516Liabilities 2014: $20,901,599Net Assets 2014: $46,220,9172014Assets 2015: $69,388,180Liabilities 2015: $23,282,903Net Assets 2015: $46,105,2772015Assets 2016: $74,681,636Liabilities 2016: $22,335,722Net Assets 2016: $52,345,9142016Assets 2017: $71,110,405Liabilities 2017: $18,300,733Net Assets 2017: $52,809,6722017Assets 2018: $89,097,515Liabilities 2018: $37,088,621Net Assets 2018: $52,008,8942018Assets 2019: $89,091,400Liabilities 2019: $40,451,181Net Assets 2019: $48,640,2192019Assets 2020: $91,610,927Liabilities 2020: $38,493,634Net Assets 2020: $53,117,2932020Assets 2021: $97,394,035Liabilities 2021: $39,453,652Net Assets 2021: $57,940,3832021Assets 2022: $93,087,460Liabilities 2022: $40,264,487Net Assets 2022: $52,822,9732022Assets 2023: $93,066,777Liabilities 2023: $39,348,546Net Assets 2023: $53,718,2312023

Highlighted filing

2017

Assets$71,110,405
Liabilities$18,300,733
Net Assets$52,809,672

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $29,900,8782010Expenses 2011: $29,484,4242011Expenses 2012: $31,748,8142012Revenue 2013: $31,231,981Expenses 2013: $30,700,897Net Income 2013: $531,0842013Revenue 2014: $32,164,589Expenses 2014: $31,841,213Net Income 2014: $323,3762014Revenue 2015: $33,772,690Expenses 2015: $33,886,031Net Income 2015: -$113,3412015Revenue 2016: $43,464,554Expenses 2016: $35,674,670Net Income 2016: $7,789,8842016Revenue 2017: $37,765,343Expenses 2017: $37,275,107Net Income 2017: $490,2362017Revenue 2018: $42,019,090Expenses 2018: $39,209,008Net Income 2018: $2,810,0822018Revenue 2019: $40,030,720Expenses 2019: $43,378,382Net Income 2019: -$3,347,6622019Revenue 2020: $49,833,272Expenses 2020: $45,530,330Net Income 2020: $4,302,9422020Revenue 2021: $47,073,555Expenses 2021: $47,573,129Net Income 2021: -$499,5742021Revenue 2022: $52,350,546Expenses 2022: $50,522,882Net Income 2022: $1,827,6642022Revenue 2023: $49,943,456Expenses 2023: $51,126,790Net Income 2023: -$1,183,3342023

Highlighted filing

2017

Revenue$37,765,343
Expenses$37,275,107
Net Income$490,236
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$37,765,343
Mission and Program Overview

Mission

Founded in 1902, barton college is a four-year, private, liberal arts college located in wilson, n.c. The barton experience focuses on academic excellence within a wide range of professional and liberal arts programs leading to baccalaureate and master's degrees. Barton celebrates bold thinking among faculty and staff as the college nurtures bold leadership development among students. Barton offers purposeful internships and practicums in academic disciplines, engaging co-curricular cohorts, meaningful international travel and study, research and presentation through the day of scholarship, opportunities to give back through community service, an impressive array of cultural events, and diverse athletic competition among more than 20 collegiate teams.

Located in wilson, north carolina, barton college is an academic community of approximately 1,000 students and 200 faculty and staff. Nationally recognized for its programs in education, deaf education, nursing, and social work and its championship men's athletics teams, the school maintains a close-knit atmosphere and emphasizes individual attention and engaged learning. The 65-acre campus is home to barton bulldogs varsity athletics and boasts five residence halls, the w.n. Hackney library, the kennedy recreation & intramural center, and other state-of-the-art facilities. In 1923 the college adopted the words habebunt lumen vitae - "they shall have the light of life" - as its official college motto. In 1955, the college was accredited by the southern association of colleges and schools commission on colleges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,139,374$34,581,947▼ $557,427
Investments Other Securities$24,726,429$28,124,186▲ $3,397,757
Cash and Non-Interest-Bearing Accounts$95,136$1,881,189▲ $1,786,053
Pledges and Grants Receivable$1,897,705$1,880,384▼ $17,321
Savings and Temporary Cash Investments$9,489,717$1,341,081▼ $8,148,636
Accounts Receivable$1,060,646$1,213,548▲ $152,902
Other Notes and Loans Receivable, Net$628,658$511,188▼ $117,470
Prepaid Expenses and Deferred Charges$164,139$162,945▼ $1,194
Inventories for Sale or Use$99,832$33,937▼ $65,895
Total Assets$74,681,636$71,110,405▼ $3,571,231
Other Assets Total$1,380,000$1,380,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,030,020$9,060,000▼ $3,970,020
Tax Exempt Bond Liabilities$5,000,000$5,000,000→ $0
Accounts Payable and Accrued Expenses$1,481,576$1,630,696▲ $149,120
Other Liabilities$1,758,357$1,584,952▼ $173,405
Deferred Revenue$1,065,769$1,025,085▼ $40,684
Total Liabilities$22,335,722$18,300,733▼ $4,034,989
Net Assets / Fund Balance
Permanently Rstr Net Assets$25,351,259$25,914,019▲ $562,760
Unrestricted Net Assets$12,711,288$14,405,976▲ $1,694,688
Temporarily Rstr Net Assets$14,283,367$12,489,677▼ $1,793,690
Total Net Assets Fund Balance$52,345,914$52,809,672▲ $463,758
Total Liabilities and Net Assets / Fund Balance$74,681,636$71,110,405▼ $3,571,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,972,375$19,622,608$43,594,983
Leasehold Improvements$5,758,539$5,667,777$11,426,316
Equipment$1,147,783$3,951,816$5,099,599
Land$3,703,250-$3,703,250
Other Securities$17,393,945--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$25,859,405$842,020▲ $2,663,411$1,185,902$28,178,934
2015$28,964,495$671,102▼ $436,976$3,339,216$25,859,405
2014$28,720,632$765,643▲ $813,098$1,334,878$28,964,495
2013$25,481,294$515,206▲ $3,290,753$566,621$28,720,632
2012$23,190,444$373,102▲ $3,048,286$1,130,538$25,481,294
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Douglas SearcyPresidentFT$252,402$63,721$316,123
Dr Gary DaynesProvost & VP for Academic AffairsFT$176,281$19,055$195,336
Jan MeriwetherVP for Institutional AdvancementFT$145,791$17,680$163,471
Mr David BrowningVP Administration and FinaFT$144,800$16,171$160,971
Carolyn Lee HarmonSenior Advisor to the PresidentFT$107,529$12,764$120,293
George SolanVP for Student AffairsFT$101,513$15,111$116,624

Highest Paid Contractors

ContractorServicesLocationCompensation
AramarkFacilities Contract/food Services27310 NETWORK PLACE, Chicago, IL 60673$4,128,823
City Of WilsonSecurity ServicesPO BOX 2407, Wilson, NC 27894$260,566
Ruffalo Noel LevitzEnrollment ManagementPO BOX 718, Des Moines, IA 50303$244,357
Ct Wilson Construction Co INCConstructionPO BOX 2011, Durham, NC 27702$206,280
Style Masters CharterTransportation Services3210 N TILGHMAN RD, Wilson, NC 27896$188,171
Revenue and Support

Revenue Composition

Contributions and Grants
$2,860,391
Program Service Revenue
$31,844,893
Investment Income
$2,688,851
Other Revenue
$371,208
All Other Contributions
$2,724,757
Change in Net Assets
$490,236

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded18$121,253Fair Market Value (FMV)
Total Noncash Contributions18$121,253-

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,745,759
Revenue Not Reported on Financial Statements
$19,584
Revenue Not Reported on Form 990
$-11,797,161
Total Revenue per Audited Statements
$25,948,598
Total Revenue per Form 990
$37,765,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,014,156
Other Expenses$12,490,268
Grants and Similar Amounts Paid$11,770,683
Total Fundraising Expense$1,279,635
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$11,770,683--$11,770,683
Other Salaries and Wages$8,100,284$1,129,807$731,034$9,961,125
Fees for Services Other$2,680,386$297,039-$2,977,425
Other Employee Benefits$1,016,159$606,374$54,900$1,677,433
Depreciation Depletion$1,123,727$471,564$76,922$1,672,213
Occupancy$789,890$331,472$54,070$1,175,432
Payroll Taxes$577,332$90,902$52,033$720,267
Other Expenses$715,813$551,291$3,408$551,291
Travel$531,541$4,806$5,913$542,260
Current Officers, Directors, Trustees, and Key Employees-$399,626-$399,626
Interest$327,192$67,039-$394,231
Pension Plan Contributions$193,091$42,899$19,715$255,705
All Other Expenses$216,088--$216,088
Insurance-$198,059-$198,059
Conferences and Meetings$94,601$14,777$26,743$136,121
Fees for Services Legal-$24,983-$24,983
Fees for Service Investment Mgmnt Fees-$19,584-$19,584
Total Functional Expenses$30,744,773$5,250,699$1,279,635$37,275,107

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$37,275,107
Expenses per Audited Statements$25,484,840
Total Expenses per Audited Statements$25,484,840
Expenses Not Reported on Financial Statements$11,790,267
Other Expense Adjustments$11,770,683
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,984,751

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe & AsiaInvestments-00$1,984,751
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
Asset Retirement Obligation$1,019,330
Student Loan Advances$430,823
Deposits and Student Credit Balances$102,611
Capital Lease Payable$32,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11B

The audit committee will review and approve the 990 prior to filing. In addition, the 990 will be made available to all board members prior to filing.

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

The executive committee of the board reviews conflict of interest statements as they are submitted by the trustees. The executive committee meets several times during the year. As stated in the bylaws, all trustees shall disclose to the board any possible conflict of interest at the earliest practicable time. No trustee shall vote on any matter under consideration at a board or committee meeting in which the trustee has a conflict of interest. The minutes of said meeting shall reflect that a disclosure was made that the trustee having a conflict of interest abstained from voting. Any trustee who is uncertain whether he/she has a conflict of interest in any matter may request the executive committee to determine if a conflict of interest exists, and the executive committee shall resolve the question by affirmative vote of a majority of its members.

Form 990, Part VI, Section B, Line 15

The process for determining the compensation for the ceo (president) is led by the executive compensation committee and trusteeship committee of the board. These committees meet with faculty, staff, students and administrators to evaluate the president's job performance. They also review the president's annual report to assess accomplishments. Compensation surveys from national and state institutions (colleges and universities personnel association and north carolina independent colleges and universities) are reviewed to determine a reasonable compensation range. The president determines the compensation for all other key employees and receives evaluations from their direct reports. He also uses compensation information from national and state surveys to determine appropriateness of compensation level.

Form 990, Part VI, Section C, Line 19

The colleges governing documents, conflict of interest policy and the audited financial statements are available by request.

Filing and Contact Details

Filer

Filer Name
Barton College
EIN
56-0529933
Phone
2523996331
Address
PO BOX 5000, WILSON, NC 27893-7000

Signing Officer

Name
David a Browning
Title
VP for Admin and Finance
Phone
2523996328
Signed
2018-05-15

Organization Details

Principal Officer
Douglas N Searcy
Formed
1902
Legal Domicile
Nc
Voting Board Members
36
Independent Board Members
36
Employees
669
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
1715 PRATT DRIVE SUITE 2700, BLACKSBURG, VA 24060
Preparer
Mark Woolwine
Phone
5404433606
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The college's endowment consists of approximately 400 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the board of trustees to function as endowments, are classified based on the existence or absence of donor-imposed restrictions.

PART X, LINE 2:

The internal revenue service has determined that the college qualifies under section 501(c)(3) of the internal revenue code and is, therefore, not generally subject to income taxes under present tax laws except on income unrelated to its exempt function, if any. In accordance with guidance on accounting for uncertainty in income taxes, the college's policy is to record a liability for any tax position taken that is beneficial to the college, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of june 30, 2017 and 2016 and, accordingly, no liability has been accrued. The college is no longer subject to tax examinations for the years prior to 2013.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarships shown net of tuition and fees on financials -11,770,683.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships shown net of tuition and fees on financials 11,770,683.

Raw XML AppendixShowing 400 of 968 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/ActivityOrMissionDesc0LOCATED IN WILSON, NORTH CAROLINA, BARTON COLLEGE IS AN ACADEMIC COMMUNITY OF APPROXIMATELY 1,000 STUDENTS AND 200 FACULTY AND STAFF. NATIONALLY RECOGNIZED FOR ITS PROGRAMS IN EDUCATION, DEAF EDUCATION, NURSING, AND SOCIAL WORK AND ITS CHAMPIONSHIP MEN'S ATHLETICS TEAMS, THE SCHOOL MAINTAINS A CLOSE-KNIT ATMOSPHERE AND EMPHASIZES INDIVIDUAL ATTENTION AND ENGAGED LEARNING. THE 65-ACRE CAMPUS IS HOME TO BARTON BULLDOGS VARSITY ATHLETICS AND BOASTS FIVE RESIDENCE HALLS, THE W.N. HACKNEY LIBRARY, THE KENNEDY RECREATION & INTRAMURAL CENTER, AND OTHER STATE-OF-THE-ART FACILITIES. IN 1923 THE COLLEGE ADOPTED THE WORDS HABEBUNT LUMEN VITAE - "THEY SHALL HAVE THE LIGHT OF LIFE" - AS ITS OFFICIAL COLLEGE MOTTO. IN 1955, THE COLLEGE WAS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES.
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IRS990/Desc0INSTRUCTION: ACCREDITATED ACADEMIC PROGRAMS WITH 27 MAJORS AND 29 MINORS FOR UNDERGRADUATES, 8 ACCELERATED PROFESSIONAL PROGRAMS, AND 4 GRADUATE DEGREE PROGRAMS. AWARDED 265 DEGREES IN 2016-17. SERVING APPROXIMATELY 1,000 UNDERGRADUATES.
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IRS990/Form990PartVIISectionAGrp/PersonNm22MRS TRACY O MITCHELL
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IRS990/Form990PartVIISectionAGrp/PersonNm31MRS SHEILA BARKER WIGGINS
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IRS990/Form990PartVIISectionAGrp/PersonNm39JAN MERIWETHER
IRS990/Form990PartVIISectionAGrp/PersonNm40CAROLYN LEE HARMON
IRS990/Form990PartVIISectionAGrp/PersonNm41GEORGE SOLAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$93.1$39.3$53.7$49.9$51.1$1.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.1$40.3$52.8$52.4$50.5$1.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.4$39.5$57.9$47.1$47.6$0.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.6$38.5$53.1$49.8$45.5$4.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.1$40.5$48.6$40.0$43.4$3.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.1$37.1$52.0$42.0$39.2$2.81
2017Detailed filing. Detailed filing data is available for this year.$71.1$18.3$52.8$37.8$37.3$0.49
2016Summary only. Only limited summary data is available for this year.$74.7$22.3$52.3$43.5$35.7$7.79
2015Detailed filing. Detailed filing data is available for this year.$69.4$23.3$46.1$33.8$33.9$0.11
2014Detailed filing. Detailed filing data is available for this year.$67.1$20.9$46.2$32.2$31.8$0.32
2013Summary only. Only limited summary data is available for this year.$61.5$18.0$43.5$31.2$30.7$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.4$20.6$40.8$31.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.6$22.6$39.0$29.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.8$24.5$35.2$29.9