Civic Intelligence

Panhandle State Foundation

990 • Fiscal year 2019 • EIN 73-1019001

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 23, 2020

Organization ProfileN/A
PO Box 430Goodwell, OK 73939

(580) 349-1392

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

20th percentile

0.06x

Higher debt load relative to revenue than 20% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

14th percentile

$38,932

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

89th percentile

29%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

88th percentile

42%

Faster revenue growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$18,332,617

Up $4,103,160 (+29%) from 2018

Net Assets

Up

$18,110,156

Up $4,084,253 (+29%) from 2018

Liabilities

Up

$222,461

Up $18,907 (+9.3%) from 2018

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin93rd percentile

Revenue

Up

$3,539,769

Up $1,045,188 (+42%) from 2018

Expenses

Down

$1,492,954

Down $11,820 (-0.8%) from 2018

Net Income

Up

$2,046,815

Up $1,057,008 (+107%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$30M$20M$10M$0Assets 2011: $13,874,155Liabilities 2011: $5,225,786Net Assets 2011: $8,648,3692011Assets 2012: $14,341,718Liabilities 2012: $5,110,996Net Assets 2012: $9,230,7222012Assets 2013: $14,745,201Liabilities 2013: $4,993,545Net Assets 2013: $9,751,6562013Assets 2014: $11,180,317Liabilities 2014: $193,505Net Assets 2014: $10,986,8122014Assets 2015: $10,600,404Liabilities 2015: $189,584Net Assets 2015: $10,410,8202015Assets 2016: $13,673,054Liabilities 2016: $197,442Net Assets 2016: $13,475,6122016Assets 2017: $14,577,941Liabilities 2017: $198,097Net Assets 2017: $14,379,8442017Assets 2018: $14,229,457Liabilities 2018: $203,554Net Assets 2018: $14,025,9032018Assets 2019: $18,332,617Liabilities 2019: $222,461Net Assets 2019: $18,110,1562019Assets 2020: $18,088,231Liabilities 2020: $238,763Net Assets 2020: $17,849,4682020Assets 2021: $20,788,449Liabilities 2021: $241,169Net Assets 2021: $20,547,2802021Assets 2022: $19,051,052Liabilities 2022: $303,530Net Assets 2022: $18,747,5222022Assets 2023: $21,390,744Liabilities 2023: $263,535Net Assets 2023: $21,127,2092023Assets 2024: $22,960,744Liabilities 2024: $268,848Net Assets 2024: $22,691,8962024

Highlighted filing

2019

Assets$18,332,617
Liabilities$222,461
Net Assets$18,110,156
Open 2019 Filing

Operations Trend

Revenue Growth88th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $2,205,117Expenses 2011: $720,697Net Income 2011: $1,484,4202011Revenue 2012: $1,053,290Expenses 2012: $818,577Net Income 2012: $234,7132012Revenue 2013: $1,034,244Expenses 2013: $884,615Net Income 2013: $149,6292013Revenue 2014: $1,059,317Expenses 2014: $833,162Net Income 2014: $226,1552014Revenue 2015: $1,199,337Expenses 2015: $802,445Net Income 2015: $396,8922015Revenue 2016: $3,018,210Expenses 2016: $872,243Net Income 2016: $2,145,9672016Revenue 2017: $1,911,953Expenses 2017: $1,545,305Net Income 2017: $366,6482017Revenue 2018: $2,494,581Expenses 2018: $1,504,774Net Income 2018: $989,8072018Revenue 2019: $3,539,769Expenses 2019: $1,492,954Net Income 2019: $2,046,8152019Revenue 2020: $1,683,319Expenses 2020: $1,248,466Net Income 2020: $434,8532020Revenue 2021: $2,048,058Expenses 2021: $1,263,610Net Income 2021: $784,4482021Revenue 2022: $1,887,080Expenses 2022: $1,434,074Net Income 2022: $453,0062022Revenue 2023: $2,208,103Expenses 2023: $773,708Net Income 2023: $1,434,3952023Revenue 2024: $3,223,149Expenses 2024: $507,662Net Income 2024: $2,715,4872024

Highlighted filing

2019

Revenue$3,539,769
Expenses$1,492,954
Net Income$2,046,815
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 23, 2020
Return Version
2019v5.0
Gross Receipts
$3,539,769
Mission and Program Overview

Mission

To provide educational experiences that are designed to enrich the personal lives of students and to prepare them for roles in agriculture, business, education, government, and industry.

Scholarship and general support of panhandle state university

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,846,849$16,241,599▲ $4,394,750
Investments Other Securities$971,307$897,157▼ $74,150
Savings and Temporary Cash Investments$590,135$293,123▼ $297,012
Land, Buildings, and Equipment, Net$5,000$5,000→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$14,229,457$18,332,617▲ $4,103,160
Other Assets Total$816,166$895,738▲ $79,572
Liabilities
Escrow Account Liability$194,329$212,985▲ $18,656
Accounts Payable and Accrued Expenses$9,225$9,476▲ $251
Total Liabilities$203,554$222,461▲ $18,907
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,978,284$9,562,246▲ $2,583,962
Net Assets Without Donor Restrictions$7,047,619$8,547,910▲ $1,500,291
Total Net Assets Fund Balance$14,025,903$18,110,156▲ $4,084,253
Total Liabilities and Net Assets / Fund Balance$14,229,457$18,332,617▲ $4,103,160

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,000--
Equipment-$11,172-
Other Securities$707,157--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Doris LooperExecutive DirecPT$38,932$38,932

Board Members and Trustees

NameTitle
See attached List of DirectorsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,811,874
Program Service Revenue
$0
Investment Income
$720,794
Other Revenue
$7,101
All Other Contributions
$2,811,874
Change in Net Assets
$2,046,815

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,539,769
Revenue Not Reported on Form 990
$63,872
Total Revenue per Audited Statements
$3,603,641
Total Revenue per Form 990
$3,539,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,356,354
Salaries, Compensation, and Employee Benefits$106,802
Other Expenses$29,798
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$907,057--$907,057
Grants to Domestic Individuals$449,297--$449,297
Other Salaries and Wages-$45,070-$45,070
Current Officers, Directors, Trustees, and Key Employees-$38,932-$38,932
Fees for Services Accounting-$12,850-$12,850
Occupancy-$8,400-$8,400
Other Employee Benefits-$7,982-$7,982
Payroll Taxes-$7,572-$7,572
Pension Plan Contributions-$7,246-$7,246
Office Expenses-$2,185-$2,185
Conferences and Meetings-$2,063-$2,063
Travel-$608-$608
Fees for Services Legal-$250-$250
Advertising-$100-$100
Other Expenses-$57-$57
Total Functional Expenses$1,356,354$136,600$0$1,492,954

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,492,954
Total Expenses per Audited Statements$1,492,954
Total Expenses per Form 990$1,492,954
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oklahoma Panhandle State UnivGoodwell, OK-Construction & Professional Develop$907,057
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Executive director is spouse of board memberexecutive director is parent of board member”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Return is available for review by board members prior to filing. Doris looper, executive director reviews return and signs upon approval.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents available at local office upon request”

Filing and Contact Details

Filer

Filer Name
Panhandle State Foundation
EIN
73-1019001
Phone
5803491392
Address
PO Box 430, Goodwell, OK 73939

Signing Officer

Name
Doris Looper
Title
Executive Director
Signed
2020-07-23
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
Ok
Voting Board Members
24
Independent Board Members
24
Employees
2

Preparer

Firm
FSW&B CPAs PLLC
Address
205 W Mc Elroy, Stillwater, OK 74075
Preparer
Derrel White CPA
Phone
4056249500
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Change in interest of perpetual trust = $63872”

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

“Change in value of perpetual trust $63,872”

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“Foundation holds funds as custodian for the alumni association”

Part V, Line 4: Intended uses of the endowment fund.

“Provide funding for student scholarships”

Part X : FIN48 Footnote

“In June 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation 48 (FIN 48) Accounting for Uncertainty in Income Taxes (Currently FASB Accounting Standards Codification (ASC) 740, Income Taxes), which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to income taxes. The Foundation evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonable estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. The Foundation does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements. Federal and state income tax statues dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the Foundation has no open examination with either the Internal Revenue Service or state taxing authorities. The Foundationb”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Change in interest of perpetual trust $63872”

Raw XML AppendixShowing 400 of 422 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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07113644
IRS990ScheduleA/TotalSupportAmt010303305
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0707157
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IRS990ScheduleD/RevenueSubtotalAmt03539769
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOUNDATION HOLDS FUNDS AS CUSTODIAN FOR THE ALUMNI ASSOCIATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2In June 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation 48 (FIN 48) Accounting for Uncertainty in Income Taxes (Currently FASB Accounting Standards Codification (ASC) 740, Income Taxes), which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to income taxes. The Foundation evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonable estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. The Foundation does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements. Federal and state income tax statues dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the Foundation has no open examination with either the Internal Revenue Service or state taxing authorities. The Foundationb
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3CHANGE IN INTEREST OF PERPETUAL TRUST $63872
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
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IRS990ScheduleD/TotalExpensesPerForm990Amt01492954
IRS990ScheduleD/TotalRevenuePerForm990Amt03539769
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0266
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/RecipientTable/CashGrantAmt0907057
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0UNIVERSITY CLUB ACTIVITY SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONSTRUCTION & PROFESSIONAL DEVELOP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OKLAHOMA PANHANDLE STATE UNIV
IRS990ScheduleI/RecipientTable/RecipientEIN0736017987
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 430
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GOODWELL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd073939
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT FUNDS ARE NOT AWARDED TO THE INDIVIDUAL, THEY ARE AWARDED TO THE SCHOOL AND THE INDIVIDUAL SO THAT THE SCHOOL WILL RECEIVE THE FUNDS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR IS SPOUSE OF BOARD MEMBEREXECUTIVE DIRECTOR IS PARENT OF BOARD MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS AVAILABLE FOR REVIEW BY BOARD MEMBERS PRIOR TO FILING. DORIS LOOPER, EXECUTIVE DIRECTOR REVIEWS RETURN AND SIGNS UPON APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AVAILABLE AT LOCAL OFFICE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN INTEREST OF PERPETUAL TRUST = $63872
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN VALUE OF PERPETUAL TRUST $63,872
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01356354
IRS990/TotalFunctionalExpensesGrp/TotalAmt01492954
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IRS990/TotalLiabilitiesEOYAmt0222461
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IRS990/TotalLiabilitiesGrp/EOYAmt0222461
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03539769
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018332617
IRS990/TravelGrp/ManagementAndGeneralAmt0608
IRS990/TravelGrp/TotalAmt0608
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/ZIPCd073939
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Doris Looper
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,332,617
Liabilities
$222,461
Net assets
$18,110,156
Revenue
$3,539,769
Expenses
$1,492,954
Net income
$2,046,815
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.0$0.27$22.7$3.22$0.51$2.72
2023Detailed filing. Detailed filing data is available for this year.$21.4$0.26$21.1$2.21$0.77$1.43
2022Detailed filing. Detailed filing data is available for this year.$19.1$0.30$18.7$1.89$1.43$0.45
2021Detailed filing. Detailed filing data is available for this year.$20.8$0.24$20.5$2.05$1.26$0.78
2020Detailed filing. Detailed filing data is available for this year.$18.1$0.24$17.8$1.68$1.25$0.43
2019Detailed filing. Detailed filing data is available for this year.$18.3$0.22$18.1$3.54$1.49$2.05
2018Detailed filing. Detailed filing data is available for this year.$14.2$0.20$14.0$2.49$1.50$0.99
2017Detailed filing. Detailed filing data is available for this year.$14.6$0.20$14.4$1.91$1.55$0.37
2016Detailed filing. Detailed filing data is available for this year.$13.7$0.20$13.5$3.02$0.87$2.15
2015Detailed filing. Detailed filing data is available for this year.$10.6$0.19$10.4$1.20$0.80$0.40
2014Detailed filing. Detailed filing data is available for this year.$11.2$0.19$11.0$1.06$0.83$0.23
2013Summary only. Only limited summary data is available for this year.$14.7$4.99$9.75$1.03$0.88$0.15
2012Summary only. Only limited summary data is available for this year.$14.3$5.11$9.23$1.05$0.82$0.23
2011Summary only. Only limited summary data is available for this year.$13.9$5.23$8.65$2.21$0.72$1.48