Civic Intelligence

Waco Creative Art Center

990 • Fiscal year 2014 • EIN 74-1721811

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

1300 College Dr76708

(254) 752-4371

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

1st percentile

-264%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

7th percentile

-26%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

13th percentile

-23%

Faster revenue growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$510,267

Down $180,958 (-26%) from 2013

Net Assets

Down

$509,581

Down $177,967 (-26%) from 2013

Liabilities

Down

$686

Down $2,991 (-81%) from 2013

Revenue

Down

$65,289

Down $19,701 (-23%) from 2013

Expenses

Up

$237,838

Up $109,405 (+85%) from 2013

Net Income

Down

-$172,549

Down $129,106 (-297%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $785,002Liabilities 2011: $3,987Net Assets 2011: $781,0152011Assets 2012: $717,922Liabilities 2012: $3,748Net Assets 2012: $714,1742012Assets 2013: $691,225Liabilities 2013: $3,677Net Assets 2013: $687,5482013Assets 2014: $510,267Liabilities 2014: $686Net Assets 2014: $509,5812014Assets 2015: $500,886Liabilities 2015: $650Net Assets 2015: $500,2362015Assets 2016: $561,543Liabilities 2016: $766Net Assets 2016: $560,7772016Assets 2017: $594,239Liabilities 2017: $4,032Net Assets 2017: $590,2072017Assets 2018: $1,136,523Liabilities 2018: $490,587Net Assets 2018: $645,9362018Assets 2019: $1,560,556Liabilities 2019: $292,448Net Assets 2019: $1,268,1082019Assets 2020: $1,620,715Liabilities 2020: $36,353Net Assets 2020: $1,584,3622020Assets 2021: $2,364,640Liabilities 2021: $29,378Net Assets 2021: $2,335,2622021Assets 2022: $4,262,132Liabilities 2022: $1,098,384Net Assets 2022: $3,163,7482022Assets 2023: $3,992,642Liabilities 2023: $869,776Net Assets 2023: $3,122,8662023Assets 2024: $6,975,418Liabilities 2024: $528,275Net Assets 2024: $6,447,1432024

Highlighted filing

2014

Assets$510,267
Liabilities$686
Net Assets$509,581

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $123,239Expenses 2011: $139,762Net Income 2011: -$16,5232011Revenue 2012: $70,890Expenses 2012: $138,416Net Income 2012: -$67,5262012Revenue 2013: $84,990Expenses 2013: $128,433Net Income 2013: -$43,4432013Revenue 2014: $65,289Expenses 2014: $237,838Net Income 2014: -$172,5492014Revenue 2015: $83,816Expenses 2015: $95,506Net Income 2015: -$11,6902015Revenue 2016: $110,153Expenses 2016: $117,585Net Income 2016: -$7,4322016Revenue 2017: $178,499Expenses 2017: $162,549Net Income 2017: $15,9502017Revenue 2018: $258,724Expenses 2018: $150,921Net Income 2018: $107,8032018Revenue 2019: $809,773Expenses 2019: $195,410Net Income 2019: $614,3632019Revenue 2020: $535,268Expenses 2020: $192,587Net Income 2020: $342,6812020Revenue 2021: $639,528Expenses 2021: $199,025Net Income 2021: $440,5032021Revenue 2022: $1,611,495Expenses 2022: $519,513Net Income 2022: $1,091,9822022Revenue 2023: $466,040Expenses 2023: $523,048Net Income 2023: -$57,0082023Revenue 2024: $3,629,451Expenses 2024: $267,103Net Income 2024: $3,362,3482024

Highlighted filing

2014

Revenue$65,289
Expenses$237,838
Net Income-$172,549
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$73,066
Mission and Program Overview

Mission

To educate the community about creative art expression and encourage appreciation of various arts through various educational programs, workshops and art shows.

To educate the community about creative art expression and encourage appreciation of various art forms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$217,585$213,249▼ $4,336
Cash and Non-Interest-Bearing Accounts$320,885$152,152▼ $168,733
Inventories for Sale or Use$2,596$2,596→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$691,225$510,267▼ $180,958
Other Assets Total$150,159$142,270▼ $7,889
Liabilities
Deferred Revenue$1,050$650▼ $400
Accounts Payable and Accrued Expenses$2,627$36▼ $2,591
Total Liabilities$3,677$686▼ $2,991
Net Assets / Fund Balance
Unrestricted Net Assets$222,778$205,784▼ $16,994
Permanently Rstr Net Assets$151,772$156,254▲ $4,482
Temporarily Rstr Net Assets$312,998$147,543▼ $165,455
Total Net Assets Fund Balance$687,548$509,581▼ $177,967
Total Liabilities and Net Assets / Fund Balance$691,225$510,267▼ $180,958

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$730,791$730,791
Other Securities$111--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$151,772---$151,772
2012$151,772---$151,772
2011$151,772---$151,772
2010$151,772---$151,772
2009$151,772---$151,772
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bryant StantonPresident
Grant DudleyVice President
Christi ProctorDirector
Holly BrowningDirector
Hugh HensonDirector
Jill Mashburn BarrettDirector
Kat NelsonDirector
Lance MagidDirector
Lisa MonroeDirector
Lisa SheldonDirector
Pauline ChavezDirector
Staci Willis-hinesDirector
Will HutsonDirector
Lynn PearsonSecretary
Duane SartorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,344
Program Service Revenue
$2,467
Investment Income
$2,865
Other Revenue
$25,613
Change in Net Assets
$-172,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,545
Salaries, Compensation, and Employee Benefits$84,293
Total Fundraising Expense$27,371
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$104,258-$104,258
Other Salaries and Wages$17,203$38,135$22,835$78,173
Insurance$3,987$5,098-$9,085
All Other Expenses$241$6,560$2,181$8,982
Payroll Taxes$1,347$2,986$1,787$6,120
Other Expenses$3,372$6,025-$3,372
Fees for Services Accounting-$2,240-$2,240
Office Expenses$369$906$568$1,843
Travel-$52-$52
Total Functional Expenses$36,207$174,260$27,371$237,838
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,518
Fundraising Direct Expenses$7,777
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 A, Line 7A

Mclennan community college can appoint one board of director member.

Form 990, Part VI, Section B, Line 11

The form 990 was reviewed by the treasurer and executive director prior to filing and is available for the board to review at any time.

Form 990, Part VI, Section B, Line 15

Established by committee of the board of directors and approved by the entire board during review of budget.

Form 990, Part VI, Section C, Line 19

On file in office and avaliable for review by the public.

Filing and Contact Details

Filer

EIN
74-1721811
Phone
2547524371

Signing Officer

Name
Duane Sartor
Title
Treasurer
Phone
2547524371
Signed
2015-05-14

Organization Details

Principal Officer
Derral Parks
Formed
1973
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
7
Volunteers
30
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other expense: program service expenses 0. Management and general expenses 104,201. Fundraising expenses 0. Total expenses 104,201. Penalties & fines: program service expenses 0. Management and general expenses 57. Fundraising expenses 0. Total expenses 57.

FORM 990, PART XI, LINE 9:

Py adj to cash -5,415. Rounding adj -3.

Financial Statement Notes

990 Form IV Line 1B

Part v line 4: income from endowment funds are used for art center operations and programs.

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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/OtherExpensesGrp/ManagementAndGeneralAmt08000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16025
IRS990/OtherExpensesGrp/ProgramServicesAmt09688
IRS990/OtherExpensesGrp/ProgramServicesAmt13372
IRS990/OtherExpensesGrp/TotalAmt09688
IRS990/OtherExpensesGrp/TotalAmt18000
IRS990/OtherExpensesGrp/TotalAmt26025
IRS990/OtherExpensesGrp/TotalAmt33372
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0COMMISSION ON SALE OF
IRS990/OtherRevenueMiscGrp/Desc1TIMELY FILING DISCOUNT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09368
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09368
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01
IRS990/OtherRevenueTotalAmt09369
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022835
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038135
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017203
IRS990/OtherSalariesAndWagesGrp/TotalAmt078173
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01787
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02986
IRS990/PayrollTaxesGrp/ProgramServicesAmt01347
IRS990/PayrollTaxesGrp/TotalAmt06120
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0151772
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0156254
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DERRAL PARKS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02467
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt041000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05308
IRS990/PYOtherExpensesAmt031756
IRS990/PYOtherRevenueAmt029349
IRS990/PYProgramServiceRevenueAmt09333
IRS990/PYRevenuesLessExpensesAmt0-43443
IRS990/PYSalariesCompEmpBnftPaidAmt096677
IRS990/PYTotalExpensesAmt0128433
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt084990
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-172549
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0913
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt034344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt052012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt081931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0168287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03778
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08664
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt022522
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027053
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09369
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05979
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015348
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63890
IRS990ScheduleA/PublicSupportPY170Pct00.73160
IRS990ScheduleA/PublicSupportTotal170Amt0168287
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt034344
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt052012
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt081931
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0168287
IRS990ScheduleA/TotalSupportAmt0263413
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt015331
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt041925
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt057256
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0151772
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0151772
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0151772
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0151772
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0151772
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0151772
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0151772
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0151772
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0151772
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0151772
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0730791
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0730791
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0201980
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt111269
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2111
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PERMANENT ART COLLECTION
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MARKETABLE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2SALES TAX OVERPAYMENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART V LINE 4: INCOME FROM ENDOWMENT FUNDS ARE USED FOR ART CENTER OPERATIONS AND PROGRAMS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0990 FORM IV LINE 1B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0213360
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MCLENNAN COMMUNITY COLLEGE CAN APPOINT ONE BOARD OF DIRECTOR MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR PRIOR TO FILING AND IS AVAILABLE FOR THE BOARD TO REVIEW AT ANY TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ESTABLISHED BY COMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE ENTIRE BOARD DURING REVIEW OF BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON FILE IN OFFICE AND AVALIABLE FOR REVIEW BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 104,201. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,201. PENALTIES & FINES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 57. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PY ADJ TO CASH -5,415. ROUNDING ADJ -3.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0312998
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0147543

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.98$0.53$6.45$3.63$0.27$3.36
2023Detailed filing. Detailed filing data is available for this year.$3.99$0.87$3.12$0.47$0.52$0.06
2022Detailed filing. Detailed filing data is available for this year.$4.26$1.10$3.16$1.61$0.52$1.09
2021Detailed filing. Detailed filing data is available for this year.$2.36$0.03$2.34$0.64$0.20$0.44
2020Detailed filing. Detailed filing data is available for this year.$1.62$0.04$1.58$0.54$0.19$0.34
2019Detailed filing. Detailed filing data is available for this year.$1.56$0.29$1.27$0.81$0.20$0.61
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.49$0.65$0.26$0.15$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.18$0.16$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.11$0.12$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.08$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.07$0.24$0.17
2013Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$0.08$0.13$0.04
2012Summary only. Only limited summary data is available for this year.$0.72$0.00$0.71$0.07$0.14$0.07
2011Summary only. Only limited summary data is available for this year.$0.79$0.00$0.78$0.12$0.14$0.02