Civic Intelligence

Culbertson Water System Inc

990 • Fiscal year 2018 • EIN 72-0879625

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 14, 2019

Organization ProfileN/A
2794 Hwy 820Choudrant, LA 71227

(318) 768-2559

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.13x

Higher debt load relative to revenue than 22% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Net Margin

87th percentile

28%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$56,706

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Asset Growth

85th percentile

9.5%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

25%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,750,095

Up $151,789 (+9.5%) from 2017

Net Assets

Up

$1,681,404

Up $150,478 (+9.8%) from 2017

Liabilities

Up

$68,691

Up $1,311 (+1.9%) from 2017

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin87th percentile

Revenue

Up

$538,053

Up $106,464 (+25%) from 2017

Expenses

Up

$387,575

Up $10,984 (+2.9%) from 2017

Net Income

Up

$150,478

Up $95,480 (+174%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,491,999Liabilities 2010: $236,249Net Assets 2010: $1,255,7502010Assets 2011: $1,463,960Liabilities 2011: $122,232Net Assets 2011: $1,341,7282011Assets 2012: $1,441,356Liabilities 2012: $35,096Net Assets 2012: $1,406,2602012Assets 2013: $1,416,666Liabilities 2013: $44,996Net Assets 2013: $1,371,6702013Assets 2014: $1,436,035Liabilities 2014: $43,012Net Assets 2014: $1,393,0232014Assets 2015: $1,483,808Liabilities 2015: $53,184Net Assets 2015: $1,430,6242015Assets 2016: $1,537,004Liabilities 2016: $61,076Net Assets 2016: $1,475,9282016Assets 2017: $1,598,306Liabilities 2017: $67,380Net Assets 2017: $1,530,9262017Assets 2018: $1,750,095Liabilities 2018: $68,691Net Assets 2018: $1,681,4042018Assets 2019: $1,879,821Liabilities 2019: $84,677Net Assets 2019: $1,795,1442019Assets 2020: $1,994,717Liabilities 2020: $90,165Net Assets 2020: $1,904,5522020Assets 2021: $2,150,487Liabilities 2021: $145,830Net Assets 2021: $2,004,6572021Assets 2022: $2,302,983Liabilities 2022: $93,446Net Assets 2022: $2,209,5372022Assets 2023: $2,512,316Liabilities 2023: $104,525Net Assets 2023: $2,407,7912023Assets 2024: $2,555,634Liabilities 2024: $116,248Net Assets 2024: $2,439,3862024

Highlighted filing

2018

Assets$1,750,095
Liabilities$68,691
Net Assets$1,681,404
Open 2018 Filing

Operations Trend

Revenue Growth89th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $364,3292010Expenses 2011: $337,3512011Expenses 2012: $371,2332012Revenue 2013: $398,498Expenses 2013: $433,088Net Income 2013: -$34,5902013Revenue 2014: $409,365Expenses 2014: $388,012Net Income 2014: $21,3532014Revenue 2015: $457,468Expenses 2015: $419,867Net Income 2015: $37,6012015Revenue 2016: $426,215Expenses 2016: $380,911Net Income 2016: $45,3042016Revenue 2017: $431,589Expenses 2017: $376,591Net Income 2017: $54,9982017Revenue 2018: $538,053Expenses 2018: $387,575Net Income 2018: $150,4782018Revenue 2019: $564,237Expenses 2019: $450,497Net Income 2019: $113,7402019Revenue 2020: $566,800Expenses 2020: $457,392Net Income 2020: $109,4082020Revenue 2021: $552,273Expenses 2021: $452,168Net Income 2021: $100,1052021Revenue 2022: $704,678Expenses 2022: $499,798Net Income 2022: $204,8802022Revenue 2023: $716,777Expenses 2023: $518,523Net Income 2023: $198,2542023Revenue 2024: $713,183Expenses 2024: $681,588Net Income 2024: $31,5952024

Highlighted filing

2018

Revenue$538,053
Expenses$387,575
Net Income$150,478
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 14, 2019
Return Version
2018v3.1
Gross Receipts
$538,053
Mission and Program Overview

Mission

Providing water to system members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$932,021$909,378▼ $22,643
Savings and Temporary Cash Investments$633,502$803,810▲ $170,308
Accounts Receivable$27,622$30,152▲ $2,530
Prepaid Expenses and Deferred Charges$5,161$5,328▲ $167
Total Assets$1,598,306$1,750,095▲ $151,789
Other Assets Total$0$1,427▲ $1,427
Liabilities
Other Liabilities$52,657$57,455▲ $4,798
Accounts Payable and Accrued Expenses$14,723$11,236▼ $3,487
Total Liabilities$67,380$68,691▲ $1,311
Net Assets / Fund Balance
Unrestricted Net Assets$1,104,926$1,255,404▲ $150,478
Permanently Rstr Net Assets$426,000$426,000→ $0
Total Net Assets Fund Balance$1,530,926$1,681,404▲ $150,478
Total Liabilities and Net Assets / Fund Balance$1,598,306$1,750,095▲ $151,789

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$870,910$1,606,073$2,476,983
Equipment$3,847$78,142$81,989
Buildings$0$76,435$76,435
Land$34,621-$34,621
Leasehold Improvements$0$1,010$1,010
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Marilyn CoatsTreasurerFT$56,706$56,706
Jackie CoatsVice PresidentFT$47,155$47,155

Board Members and Trustees

NameTitle
Victor HollisPresident
Jerry TouchstoneBoard Member
Lonnie DadeBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$525,168
Investment Income
$8,085
Other Revenue
$4,800
Change in Net Assets
$150,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,042
Salaries, Compensation, and Employee Benefits$111,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$103,458
Depreciation Depletion---$58,276
Office Expenses---$18,432
Other Expenses---$12,828
Insurance---$9,315
Fees for Services Other---$8,200
Payroll Taxes---$8,075
Travel---$7,168
Fees for Services Accounting---$3,000
All Other Expenses---$2,236
Occupancy---$1,560
Advertising---$225
Total Functional Expenses$0$0$0$387,575
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Marilyn CoatsWife of Vice President and Director Jackie CoatsRECEIVED WAGE PAYMENTS DURING THE YEAR TOTALING $56,706No$56,706
Jackie CoatsVICE PRESIDENT; DIRECTOR; HUSBAND OF TREASURER MARILYN COATSRECEIVED WAGE PAYMENTS DURING THE YEAR TOTALING $46,752No$46,752
All Board MembersMembers of Governimg BoardReceived Water Services at Rates Applicable to All Customers. Water Purchase Amount Are Under the Reporting Threshold Amounts for All Board Members.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Meter Deposits$57,455
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
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 A, Line 2

“Jackie coats is a board member and officer, while his wife, marilyn coats, serves as treasurer.”

Form 990, Part VI, Section A, Line 6

“Every person who has an interest in real property in the area served by the water system may become a member of the corporation.”

Form 990, Part VI, Section A, Line 7A

“The board of directors shall consist of five members of the corporation elected at an annual meeting by the members.”

Form 990, Part VI, Section A, Line 7B

“Directors are elected to staggering three year terms at the applicable annual meeting of members”

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

“A copy of form 990 is available to the board of directors if they desire to review it. The president, vice president, and treasurer reviewed form 990 before it was filed.”

Form 990, Part VI, Section B, Line 15

“Compensation of the only two employees of the organization is reviewed and approved by the officers of the organization, four of the five of whom are independent voting members of the organization.”

Form 990, Part VI, Section C, Line 19

“All governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Culbertson Water System Inc
EIN
72-0879625
Phone
3187682559
Address
2794 HWY 820, CHOUDRANT, LA 71227

Signing Officer

Name
Jackie Coats
Title
Vice President
Phone
3187682559
Signed
2019-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Hollis
Formed
1978
Legal Domicile
La
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
4

Preparer

Firm
Don M Mcgehee Apac
Address
205 E REYNOLDS DR SUITE A, RUSTON, LA 71270-2814
Preparer
Don M Mcgehee
Phone
3182559544
Raw XML Appendix351 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JACKIE COATS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0VICE PRESIDENT; DIRECTOR; HUSBAND OF TREASURER MARILYN COATS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1WIFE OF VICE PRESIDENT AND DIRECTOR JACKIE COATS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RECEIVED WAGE PAYMENTS DURING THE YEAR TOTALING $46,752
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1RECEIVED WAGE PAYMENTS DURING THE YEAR TOTALING $56,706
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2RECEIVED WATER SERVICES AT RATES APPLICABLE TO ALL CUSTOMERS. WATER PURCHASE AMOUNT ARE UNDER THE REPORTING THRESHOLD AMOUNTS FOR ALL BOARD MEMBERS.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JACKIE COATS IS A BOARD MEMBER AND OFFICER, WHILE HIS WIFE, MARILYN COATS, SERVES AS TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY PERSON WHO HAS AN INTEREST IN REAL PROPERTY IN THE AREA SERVED BY THE WATER SYSTEM MAY BECOME A MEMBER OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SHALL CONSIST OF FIVE MEMBERS OF THE CORPORATION ELECTED AT AN ANNUAL MEETING BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS ARE ELECTED TO STAGGERING THREE YEAR TERMS AT THE APPLICABLE ANNUAL MEETING OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF FORM 990 IS AVAILABLE TO THE BOARD OF DIRECTORS IF THEY DESIRE TO REVIEW IT. THE PRESIDENT, VICE PRESIDENT, AND TREASURER REVIEWED FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF THE ONLY TWO EMPLOYEES OF THE ORGANIZATION IS REVIEWED AND APPROVED BY THE OFFICERS OF THE ORGANIZATION, FOUR OF THE FIVE OF WHOM ARE INDEPENDENT VOTING MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01598306
IRS990/TotalAssetsEOYAmt01750095
IRS990/TotalAssetsGrp/BOYAmt01598306
IRS990/TotalAssetsGrp/EOYAmt01750095
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0387575
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt067380
IRS990/TotalLiabilitiesEOYAmt068691
IRS990/TotalLiabilitiesGrp/BOYAmt067380
IRS990/TotalLiabilitiesGrp/EOYAmt068691
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01530926
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01681404
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0525168
IRS990/TotalReportableCompFromOrgAmt0103861
IRS990/TotalRevenueGrp/ExclusionAmt012885
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0525168
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0538053
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01598306
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01750095
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt07168
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01104926
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01255404
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02794 HWY 820
IRS990/USAddress/CityNm0CHOUDRANT
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071227
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACKIE COATS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03187682559
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CULBERTSON WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0CULB
ReturnHeader/Filer/EIN0720879625
ReturnHeader/Filer/PhoneNum03187682559
ReturnHeader/Filer/USAddress/AddressLine1Txt02794 HWY 820
ReturnHeader/Filer/USAddress/CityNm0CHOUDRANT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071227
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EA60ECC3B518FAB26D7CF862776BFA819BFB27FF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BB938326D90E44F8CAF4AFE1BA9B55810AF06AB3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.46.188.173
ReturnHeader/FilingSecurityInformation/IPDt02019-07-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:40:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721020867
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DON M MCGEHEE APAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0205 E REYNOLDS DR SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0712702814
ReturnHeader/PreparerPersonGrp/PhoneNum03182559544
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DON M MCGEHEE
ReturnHeader/ReturnTs02019-07-17T13:37:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,750,095
Liabilities
$68,691
Net assets
$1,681,404
Revenue
$538,053
Expenses
$387,575
Net income
$150,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.56$0.12$2.44$0.71$0.68$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.10$2.41$0.72$0.52$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.09$2.21$0.70$0.50$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.15$2.00$0.55$0.45$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.09$1.90$0.57$0.46$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.08$1.80$0.56$0.45$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.07$1.68$0.54$0.39$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.07$1.53$0.43$0.38$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.06$1.48$0.43$0.38$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.48$0.05$1.43$0.46$0.42$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.44$0.04$1.39$0.41$0.39$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.42$0.04$1.37$0.40$0.43$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.04$1.41$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.12$1.34$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.24$1.26$0.36