Civic Intelligence

Colquitt Electric Membership Corporation

990 • Fiscal year 2017 • EIN 58-0201495

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 02, 2018

PO Box 3608Moultrie, GA 31776-3608

(229) 985-3620

Siviq Scores

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

Liabilities / Assets

37th percentile

0.57x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

1.20x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Net Margin

51st percentile

0.2%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

21st percentile

$391,538

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Asset Growth

34th percentile

0.9%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-5.8%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$267,561,997

Up $2,409,912 (+0.9%) from 2016

Net Assets

Down

$113,910,841

Down $129,964 (-0.1%) from 2016

Liabilities

Up

$153,651,156

Up $2,539,876 (+1.7%) from 2016

Revenue

Down

$128,059,874

Down $7,827,634 (-5.8%) from 2016

Expenses

Down

$127,788,152

Down $7,865,899 (-5.8%) from 2016

Net Income

Up

$271,722

Up $38,265 (+16%) from 2016

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $201,505,541Liabilities 2010: $115,090,429Net Assets 2010: $86,415,1122010Assets 2011: $203,222,332Liabilities 2011: $115,198,510Net Assets 2011: $88,023,8222011Assets 2012: $220,151,412Liabilities 2012: $127,932,979Net Assets 2012: $92,218,4332012Assets 2013: $228,507,000Liabilities 2013: $139,767,120Net Assets 2013: $88,739,8802013Assets 2014: $239,667,288Liabilities 2014: $137,651,535Net Assets 2014: $102,015,7532014Assets 2015: $252,648,162Liabilities 2015: $146,275,878Net Assets 2015: $106,372,2842015Assets 2016: $265,152,085Liabilities 2016: $151,111,280Net Assets 2016: $114,040,8052016Assets 2017: $267,561,997Liabilities 2017: $153,651,156Net Assets 2017: $113,910,8412017Assets 2018: $273,432,100Liabilities 2018: $156,347,033Net Assets 2018: $117,085,0672018Assets 2019: $291,649,436Liabilities 2019: $161,548,611Net Assets 2019: $130,100,8252019Assets 2020: $299,154,438Liabilities 2020: $166,898,922Net Assets 2020: $132,255,5162020Assets 2021: $314,657,706Liabilities 2021: $179,754,909Net Assets 2021: $134,902,7972021Assets 2022: $343,469,059Liabilities 2022: $187,929,771Net Assets 2022: $155,539,2882022Assets 2023: $352,432,205Liabilities 2023: $205,319,379Net Assets 2023: $147,112,8262023Assets 2024: $432,277,384Liabilities 2024: $277,697,930Net Assets 2024: $154,579,4542024

Highlighted filing

2017

Assets$267,561,997
Liabilities$153,651,156
Net Assets$113,910,841

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $116,402,9052010Expenses 2011: $127,465,1852011Revenue 2012: $125,476,397Expenses 2012: $125,476,397Net Income 2012: $02012Revenue 2013: $127,848,495Expenses 2013: $127,848,495Net Income 2013: $02013Revenue 2014: $135,572,070Expenses 2014: $135,496,116Net Income 2014: $75,9542014Revenue 2015: $136,614,116Expenses 2015: $136,449,006Net Income 2015: $165,1102015Revenue 2016: $135,887,508Expenses 2016: $135,654,051Net Income 2016: $233,4572016Revenue 2017: $128,059,874Expenses 2017: $127,788,152Net Income 2017: $271,7222017Revenue 2018: $136,004,025Expenses 2018: $135,762,432Net Income 2018: $241,5932018Revenue 2019: $138,849,834Expenses 2019: $138,566,237Net Income 2019: $283,5972019Revenue 2020: $130,746,516Expenses 2020: $130,156,652Net Income 2020: $589,8642020Revenue 2021: $137,703,553Expenses 2021: $137,229,772Net Income 2021: $473,7812021Revenue 2022: $169,746,610Expenses 2022: $169,215,483Net Income 2022: $531,1272022Revenue 2023: $161,729,916Expenses 2023: $161,673,086Net Income 2023: $56,8302023Revenue 2024: $172,442,912Expenses 2024: $173,073,147Net Income 2024: -$630,2352024

Highlighted filing

2017

Revenue$128,059,874
Expenses$127,788,152
Net Income$271,722
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 2, 2018
Return Version
2017v2.2
Gross Receipts
$128,059,874
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Colquitt electric membership corporation sells electricity and provides services to member-owners as a rural electric cooperative.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$196,186,732$202,445,362▲ $6,258,630
Rtn Earn Endowment Incm Other Fnds$113,772,095$113,638,236▼ $133,859
Investments Program Related$41,508,600$43,003,713▲ $1,495,113
Cash and Non-Interest-Bearing Accounts$17,897,323$10,265,838▼ $7,631,485
Accounts Receivable$6,085,350$6,941,456▲ $856,106
Inventories for Sale or Use$3,076,643$3,521,538▲ $444,895
Prepaid Expenses and Deferred Charges$378,527$427,092▲ $48,565
Cap Stk Tr Prin Current Funds$268,710$272,605▲ $3,895
Total Assets$265,152,085$267,561,997▲ $2,409,912
Other Assets Total$18,910$956,998▲ $938,088
Liabilities
Mortgage Notes Payable Secured by Investment Property$111,569,407$113,579,411▲ $2,010,004
Other Liabilities$28,358,263$30,361,091▲ $2,002,828
Accounts Payable and Accrued Expenses$11,183,610$9,710,654▼ $1,472,956
Total Liabilities$151,111,280$153,651,156▲ $2,539,876
Net Assets / Fund Balance
Total Net Assets Fund Balance$114,040,805$113,910,841▼ $129,964
Total Liabilities and Net Assets / Fund Balance$265,152,085$267,561,997▲ $2,409,912

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$201,718,823$82,215,898$283,934,721
Land$726,539-$726,539
Investment Program Related Org$1,229--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel NicholsGeneral ManaFT$318,315$73,223$391,538
Daniel NicholsGeneral Manager-$296,396$95,142$391,538
Douglas LoftisMgr of Hr &FT$181,414$56,778$238,192
Douglas LoftisMgr of Hr & Corp Ser-$164,326$73,866$238,192
Charles TuckerMgr of EnginFT$155,976$61,961$217,937
Charles TuckerMgr of Engineering-$144,085$73,852$217,937
Dixie LightfootDistrict MgrFT$144,525$65,631$210,156
Sidney ZippererMgr of OperaFT$155,858$52,539$208,397
Sidney ZippererMgr of Operations-$141,694$66,703$208,397
Justin BrownLine ForemanFT$134,422$52,460$186,882
B Don CopelandPresident-$28,578-$28,578
Bobby E ExumDirector-$28,578-$28,578
Bobby GrinerDirector-$28,578-$28,578
Gary a BranchDirector-$28,578-$28,578
Huey HiersVice Preside-$28,578-$28,578
James H Griner SrDirector-$28,578-$28,578
Simmie KingDirector-$28,578-$28,578
Tommy CothronSecretary-tr-$28,578-$28,578
Patti Price NiewoehnerDirector-$7,145-$7,145

Highest Paid Contractors

ContractorServicesLocationCompensation
Jci General Contractors INCBuilding ConstrPO BOX 519, Moultrie, GA 31776$2,435,138
Cunningham's Tree ServiceClreaing Row1289 OLD CLYATTVILLE RD, Valdosta, GA 31601$2,016,737
S & S Constructors INCLine Constructi1520 US HWY 82 E, Tifton, GA 31794$1,305,376
Kents Janitorial ServiceJanitorial Serv1124 SARRACENIA, Moultrie, GA 31768$106,366
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$127,790,143
Investment Income
$269,731
Other Revenue
$0
Change in Net Assets
$271,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$128,059,874
Total Revenue per Audited Statements
$128,059,874
Total Revenue per Form 990
$128,059,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,886,100
Salaries, Compensation, and Employee Benefits$627,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$8,929,228
Benefits to Members---$5,274,745
All Other Expenses---$5,232,849
Other Expenses---$4,811,722
Interest---$4,508,577
Current Officers, Directors, Trustees, and Key Employees---$627,307
Total Functional Expenses$0$0$0$127,788,152

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$127,788,152
Expenses per Audited Statements$122,513,407
Total Expenses per Audited Statements$122,513,407
Expenses Not Reported on Financial Statements$5,274,745
Other Expense Adjustments$5,274,745
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
Accum Prov for Postretirement$24,075,700
Consumer Deposits$3,753,054
Unclaimed Capital Credits$2,532,337
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The cooperative has members as provided for in its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 7A

The cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 7B

Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board with all supporting documentation made available to them.

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

The corporation's conflicts of interest policy (policy no. 119) is included as part of this return.

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

General manager compensation is reviewed and approved by the board of directors annually. The corporation's general manager compensation policy (policy no. 211) is included as part of this return.

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

Key employee compensation is reviewed and approved annually by the board of directors. The corporation's key employee compensation policy (policy no. 434) is included as part of this return.

Form 990, Page 6, Part VI, Line 19

The bylaws and certain policies have been included as part of this return and available upon request as reflected in part vi section c line 18. The financial statemetn of the corporation's are available upon request.

Filing and Contact Details

Filer

Filer Name
Colquitt Electric Membership
EIN
58-0201495
Phone
2299853620
Address
PO BOX 3608, MOULTRIE, GA 31776-3608

Signing Officer

Name
Daniel Nichols
Title
General Manager
Phone
2299853620
Signed
2018-03-02

Organization Details

Principal Officer
Daniel Nichols
Formed
1936
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
183

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Jason a Peacock
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Patronage capital credits 5,274,745 other equities 515,435 membership fees 3,895 other comprehensive income -1,368,100 patronage capital retirements -4,827,661 total -401,686

Financial Statement Notes

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

Patronage capital credits 5,274,745

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY-TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt10MGR OF HR &
IRS990/Form990PartVIISectionAGrp/TitleTxt11MGR OF ENGIN
IRS990/Form990PartVIISectionAGrp/TitleTxt12MGR OF OPERA
IRS990/Form990PartVIISectionAGrp/TitleTxt13DISTRICT MGR
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IRS990/PrincipalOfficerNm0DANIEL NICHOLS
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IRS990/ProgramServiceRevenueGrp/Desc4GAIN/DISP OF PROPERTY
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11415638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21130920
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0113638236
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0201718823
IRS990ScheduleD/EquipmentGrp/DepreciationAmt082215898
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0283934721
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05274745
IRS990ScheduleD/ExpensesSubtotalAmt0122513407
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt18810173
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5371750
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6349538
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt91229
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN - OPC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN - GTC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN - NRUCFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT IN - GRESCO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENT IN - SMARR EMC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5INVESTMENT IN - FEDERATED INSURANCE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6INVESTMENT IN - SEDC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7INVESTMENT IN - COOPERATIVE COMPUTER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8INVESTMENT IN - GSOC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc9INVESTMENT IN - OTHER
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd8C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd9C
IRS990ScheduleD/LandGrp/BookValueAmt0726539
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0726539
IRS990ScheduleD/OtherExpensesNotIncludedAmt05274745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024075700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13753054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22532337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROV FOR POSTRETIREMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNCLAIMED CAPITAL CREDITS
IRS990ScheduleD/RevenueSubtotalAmt0128059874
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PATRONAGE CAPITAL CREDITS 5,274,745
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalBookValueProgramRltdAmt043003713
IRS990ScheduleD/TotalExpensesPerForm990Amt0127788152
IRS990ScheduleD/TotalLiabilityAmt030361091
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0122513407
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IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2144085
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3141694
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4144525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5134422
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount07456
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount18379
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount28148
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount311030
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount48494
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount51000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt047306
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt132248
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt227830
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt326932
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt427468
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt517568
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt428205
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt533798
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt18709
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt23743

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$432$278$155$172$173$0.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$352$205$147$162$162$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$343$188$156$170$169$0.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$315$180$135$138$137$0.47
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$299$167$132$131$130$0.59
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$292$162$130$139$139$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$273$156$117$136$136$0.24
2017Detailed filing. Detailed filing data is available for this year.$268$154$114$128$128$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$265$151$114$136$136$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$253$146$106$137$136$0.17
2014Detailed filing. Detailed filing data is available for this year.$240$138$102$136$135$0.08
2013Detailed filing. Detailed filing data is available for this year.$229$140$88.7$128$128$0.00
2012Summary only. Only limited summary data is available for this year.$220$128$92.2$125$125$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$203$115$88.0$127
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$202$115$86.4$116