Civic Intelligence

Freemanville Water System Inc

990 • Fiscal year 2015 • EIN 63-0658412

May 01, 2014 to Apr 30, 2015 • Filed on Jul 13, 2015

18 Woods RoadAtmore, AL 36502

(251) 368-2919

Siviq Scores

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

Liabilities / Assets

64th percentile

0.24x

Higher debt load relative to assets than 64% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.42x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$36,458

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Asset Growth

79th percentile

7.3%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

-1.2%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$904,450

Up $61,335 (+7.3%) from 2014

Net Assets

Up

$691,807

Up $64,415 (+10%) from 2014

Liabilities

Down

$212,643

Down $3,080 (-1.4%) from 2014

Revenue

Down

$506,867

Down $6,388 (-1.2%) from 2014

Expenses

Down

$442,452

Down $50,168 (-10%) from 2014

Net Income

Up

$64,415

Up $43,780 (+212%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $975,163Liabilities 2011: $258,903Net Assets 2011: $716,2602011Assets 2012: $892,652Liabilities 2012: $252,103Net Assets 2012: $640,5492012Assets 2013: $828,246Liabilities 2013: $221,489Net Assets 2013: $606,7572013Assets 2014: $843,115Liabilities 2014: $215,723Net Assets 2014: $627,3922014Assets 2015: $904,450Liabilities 2015: $212,643Net Assets 2015: $691,8072015Assets 2016: $1,289,671Liabilities 2016: $442,064Net Assets 2016: $847,6072016Assets 2017: $1,334,540Liabilities 2017: $432,078Net Assets 2017: $902,4622017Assets 2018: $1,737,496Liabilities 2018: $330,890Net Assets 2018: $1,406,6062018Assets 2019: $1,843,246Liabilities 2019: $416,346Net Assets 2019: $1,426,9002019Assets 2020: $1,870,980Liabilities 2020: $429,813Net Assets 2020: $1,441,1672020Assets 2021: $1,967,579Liabilities 2021: $432,301Net Assets 2021: $1,535,2782021Assets 2022: $1,874,773Liabilities 2022: $405,155Net Assets 2022: $1,469,6182022Assets 2023: $1,696,476Liabilities 2023: $361,512Net Assets 2023: $1,334,9642023Assets 2024: $1,609,422Liabilities 2024: $325,970Net Assets 2024: $1,283,4522024Assets 2025: $1,479,543Liabilities 2025: $283,108Net Assets 2025: $1,196,4352025

Highlighted filing

2015

Assets$904,450
Liabilities$212,643
Net Assets$691,807

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $523,2482011Revenue 2012: $514,198Expenses 2012: $584,919Net Income 2012: -$70,7212012Revenue 2013: $506,289Expenses 2013: $540,081Net Income 2013: -$33,7922013Revenue 2014: $513,255Expenses 2014: $492,620Net Income 2014: $20,6352014Revenue 2015: $506,867Expenses 2015: $442,452Net Income 2015: $64,4152015Revenue 2016: $489,332Expenses 2016: $428,539Net Income 2016: $60,7932016Revenue 2017: $487,982Expenses 2017: $433,127Net Income 2017: $54,8552017Revenue 2018: $590,519Expenses 2018: $436,475Net Income 2018: $154,0442018Revenue 2019: $448,295Expenses 2019: $413,376Net Income 2019: $34,9192019Revenue 2020: $477,072Expenses 2020: $462,805Net Income 2020: $14,2672020Revenue 2021: $508,946Expenses 2021: $414,871Net Income 2021: $94,0752021Revenue 2022: $503,456Expenses 2022: $569,116Net Income 2022: -$65,6602022Revenue 2023: $471,696Expenses 2023: $606,350Net Income 2023: -$134,6542023Revenue 2024: $557,934Expenses 2024: $609,446Net Income 2024: -$51,5122024Revenue 2025: $571,623Expenses 2025: $658,640Net Income 2025: -$87,0172025

Highlighted filing

2015

Revenue$506,867
Expenses$442,452
Net Income$64,415
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Jul 13, 2015
Return Version
2014v5.0
Gross Receipts
$506,867
Mission and Program Overview

Mission

Rural water system furnishing water for domestic, commercial, agricultural, industrial and other purposes to members of the system (which consists of approximately 1100 members).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$464,113$416,120▼ $47,993
Pd in Cap Srpls Land Bldg Eqp Fund$414,987$414,987→ $0
Cash and Non-Interest-Bearing Accounts$199,783$313,516▲ $113,733
Rtn Earn Endowment Incm Other Fnds$212,405$276,820▲ $64,415
Savings and Temporary Cash Investments$133,397$133,776▲ $379
Accounts Receivable$41,755$37,726▼ $4,029
Prepaid Expenses and Deferred Charges$4,037$3,282▼ $755
Total Assets$843,115$904,450▲ $61,335
Other Assets Total$30$30→ $0
Liabilities
Unsecured Notes Loans Payable$129,147$122,310▼ $6,837
Other Liabilities$73,497$81,764▲ $8,267
Accounts Payable and Accrued Expenses$13,079$8,569▼ $4,510
Total Liabilities$215,723$212,643▼ $3,080
Net Assets / Fund Balance
Total Net Assets Fund Balance$627,392$691,807▲ $64,415
Total Liabilities and Net Assets / Fund Balance$843,115$904,450▲ $61,335

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$340,585$1,210,733$1,551,318
Equipment$35,303$176,638$211,941
Buildings$26,459$44,863$71,322
Land$13,773-$13,773
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ashley R ShowsOffice ManagertreasurerFT$36,458$36,458
Brittney DaileySecretaryFT$5,246$5,246
Jethro DaileyVice-chairman-$550$550
Joe PierceDirector-$550$550
Edward Adams SrChairman-$450$450
Derik KiddDirector-$150$150
Wilma SmithDirector-$100$100
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$506,488
Investment Income
$379
Other Revenue
$0
Change in Net Assets
$64,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,064
Salaries, Compensation, and Employee Benefits$167,388
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,828--$110,828
Depreciation Depletion$51,000--$51,000
Insurance$44,234--$44,234
Current Officers, Directors, Trustees, and Key Employees$41,885--$41,885
Occupancy$32,815--$32,815
Fees for Services Legal$24,571--$24,571
Office Expenses$22,730--$22,730
Other Expenses$13,292--$13,292
Payroll Taxes$11,911--$11,911
Fees for Services Accounting$10,038--$10,038
Interest$7,563--$7,563
Other Employee Benefits$2,764--$2,764
Travel$2,650--$2,650
Fees for Services Management$2,250--$2,250
Advertising$312--$312
Total Functional Expenses$442,452$0$0$442,452
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
William KirbyRetired EmployeeContract ConsultantNo$14,400
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Water Users Deposits on Meters$58,030
Compensated Absences Payable$23,734
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The customers of the water system pay a deposit and, if necessary, installation fees in order to receive the water service. When they agree to these requirements, they become members of the system.

Member election for additional members Part VI line 7A

The organization membership elects annually the governing body.

Governing body decisions Part VI line 7B

The governing body is elected annually by the membership. Each member has a right to attend the monthly board meeting to express any concerns they may have. If a board member does not represent their members satisfactorily, they can be voted out.

Form 990 governing body review Part VI line 11

Form 990 is prepared by a cpa firm and is reviewed by the governing body, but not necessarily before it is filed.

Conflict of interest policy compliance Part VI line 12C

The organization is located in a rural area where information is easily shared. Monitoring is informal but effective.

CEO executive director top management comp Part VI line 15A

The governing body sets the compensation of the general manager and approves the compensation of others as recommended by the general manager.

Governing documents etc available to public Part VI line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Freemanville Water System Inc
EIN
63-0658412
Address
18 WOODS ROAD, ATMORE, AL 36502

Signing Officer

Name
Edward Adams Sr
Title
Chairman
Phone
2513682919
Signed
2015-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Adams Sr
Formed
1971
Legal Domicile
Al
Voting Board Members
4
Independent Board Members
4
Employees
7

Preparer

Firm
Davis Bell Amerson LLC
Address
908 East Nashville Ave, Atmore, AL 36502
Preparer
O Pete Amerson III
Phone
2513683173
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

The governing body selects the independent accountant and also assumes responsibility for the financial statements.

Raw XML Appendix367 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/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt026459
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044863
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt071322
IRS990ScheduleD/EquipmentGrp/BookValueAmt035303
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0176638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0211941
IRS990ScheduleD/LandGrp/BookValueAmt013773
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013773
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0340585
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01210733
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01551318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0WATER USERS DEPOSITS ON METERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0416120
IRS990ScheduleD/TotalLiabilityAmt081764
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WILLIAM KIRBY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RETIRED EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt014400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONTRACT CONSULTANT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CUSTOMERS OF THE WATER SYSTEM PAY A DEPOSIT AND, IF NECESSARY, INSTALLATION FEES IN ORDER TO RECEIVE THE WATER SERVICE. WHEN THEY AGREE TO THESE REQUIREMENTS, THEY BECOME MEMBERS OF THE SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MEMBERSHIP ELECTS ANNUALLY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY IS ELECTED ANNUALLY BY THE MEMBERSHIP. EACH MEMBER HAS A RIGHT TO ATTEND THE MONTHLY BOARD MEETING TO EXPRESS ANY CONCERNS THEY MAY HAVE. IF A BOARD MEMBER DOES NOT REPRESENT THEIR MEMBERS SATISFACTORILY, THEY CAN BE VOTED OUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PREPARED BY A CPA FIRM AND IS REVIEWED BY THE GOVERNING BODY, BUT NOT NECESSARILY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS LOCATED IN A RURAL AREA WHERE INFORMATION IS EASILY SHARED. MONITORING IS INFORMAL BUT EFFECTIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING BODY SETS THE COMPENSATION OF THE GENERAL MANAGER AND APPROVES THE COMPENSATION OF OTHERS AS RECOMMENDED BY THE GENERAL MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE GOVERNING BODY SELECTS THE INDEPENDENT ACCOUNTANT AND ALSO ASSUMES RESPONSIBILITY FOR THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Audited by an independent accountant Part XII line 2b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0843115
IRS990/TotalAssetsEOYAmt0904450
IRS990/TotalAssetsGrp/BOYAmt0843115
IRS990/TotalAssetsGrp/EOYAmt0904450
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0442452
IRS990/TotalFunctionalExpensesGrp/TotalAmt0442452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0215723
IRS990/TotalLiabilitiesEOYAmt0212643
IRS990/TotalLiabilitiesGrp/BOYAmt0215723
IRS990/TotalLiabilitiesGrp/EOYAmt0212643
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0627392
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0691807
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0442452
IRS990/TotalProgramServiceRevenueAmt0506488
IRS990/TotalReportableCompFromOrgAmt043504
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0506867
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0506867
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0843115
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0904450
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt02650
IRS990/TravelGrp/TotalAmt02650
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0129147
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0122310
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0317 JEFFERSON LANE
IRS990/USAddress/CityNm0ATMORE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036502
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Edward Adams Sr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum02513682919
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEMANVILLE WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0630658412
ReturnHeader/Filer/USAddress/AddressLine1Txt018 WOODS ROAD
ReturnHeader/Filer/USAddress/CityNm0ATMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036502
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465511683
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Davis Bell Amerson LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0908 East Nashville Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atmore
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036502
ReturnHeader/PreparerPersonGrp/PhoneNum02513683173
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0O Pete Amerson III
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-07-13T10:47:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-05-01
ReturnHeader/TaxPeriodEndDt02015-04-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.48$0.28$1.20$0.57$0.66$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.61$0.33$1.28$0.56$0.61$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.36$1.33$0.47$0.61$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.41$1.47$0.50$0.57$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.97$0.43$1.54$0.51$0.41$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.87$0.43$1.44$0.48$0.46$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.84$0.42$1.43$0.45$0.41$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.74$0.33$1.41$0.59$0.44$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.43$0.90$0.49$0.43$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.44$0.85$0.49$0.43$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.21$0.69$0.51$0.44$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.22$0.63$0.51$0.49$0.02
2013Summary only. Only limited summary data is available for this year.$0.83$0.22$0.61$0.51$0.54$0.03
2012Summary only. Only limited summary data is available for this year.$0.89$0.25$0.64$0.51$0.58$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.26$0.72$0.52