Civic Intelligence

Aurora Public Schools Foundation

990 • Fiscal year 2017 • EIN 74-2477363

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 08, 2017

15701 E 1st Avenue Suite 206Aurora, CO 80011

(303) 326-2042

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.02x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

43%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,327,680

Up $127,020 (+11%) from 2016

Net Assets

Up

$1,303,680

Up $174,115 (+15%) from 2016

Liabilities

Down

$24,000

Down $47,095 (-66%) from 2016

Revenue

Up

$1,125,831

Up $340,502 (+43%) from 2016

Expenses

Up

$951,716

Up $449,809 (+90%) from 2016

Net Income

Down

$174,115

Down $109,307 (-39%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,139,499Liabilities 2011: $52,934Net Assets 2011: $1,086,5652011Assets 2012: $767,414Liabilities 2012: $17,146Net Assets 2012: $750,2682012Assets 2013: $2,026,570Liabilities 2013: $84,816Net Assets 2013: $1,941,7542013Assets 2014: $1,163,307Liabilities 2014: $39,319Net Assets 2014: $1,123,9882014Assets 2015: $901,906Liabilities 2015: $55,763Net Assets 2015: $846,1432015Assets 2016: $1,200,660Liabilities 2016: $71,095Net Assets 2016: $1,129,5652016Assets 2017: $1,327,680Liabilities 2017: $24,000Net Assets 2017: $1,303,6802017Assets 2018: $1,235,193Liabilities 2018: $33,954Net Assets 2018: $1,201,2392018Assets 2019: $1,304,314Liabilities 2019: $49,991Net Assets 2019: $1,254,3232019Assets 2020: $1,665,225Liabilities 2020: $386,656Net Assets 2020: $1,278,5692020Assets 2021: $2,257,962Liabilities 2021: $105,548Net Assets 2021: $2,152,4142021Assets 2022: $2,296,498Liabilities 2022: $491,542Net Assets 2022: $1,804,9562022Assets 2023: $2,478,227Liabilities 2023: $288,149Net Assets 2023: $2,190,0782023Assets 2024: $3,332,964Liabilities 2024: $116,275Net Assets 2024: $3,216,6892024Assets 2025: $5,418,037Liabilities 2025: $167,317Net Assets 2025: $5,250,7202025

Highlighted filing

2017

Assets$1,327,680
Liabilities$24,000
Net Assets$1,303,680

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $664,510Expenses 2011: $229,045Net Income 2011: $435,4652011Revenue 2012: $271,874Expenses 2012: $608,171Net Income 2012: -$336,2972012Revenue 2013: $1,503,538Expenses 2013: $312,052Net Income 2013: $1,191,4862013Revenue 2014: $1,081,547Expenses 2014: $1,899,313Net Income 2014: -$817,7662014Revenue 2015: $390,526Expenses 2015: $668,371Net Income 2015: -$277,8452015Revenue 2016: $785,329Expenses 2016: $501,907Net Income 2016: $283,4222016Revenue 2017: $1,125,831Expenses 2017: $951,716Net Income 2017: $174,1152017Revenue 2018: $694,384Expenses 2018: $796,825Net Income 2018: -$102,4412018Revenue 2019: $994,631Expenses 2019: $947,597Net Income 2019: $47,0342019Revenue 2020: $2,426,883Expenses 2020: $2,441,174Net Income 2020: -$14,2912020Revenue 2021: $3,873,020Expenses 2021: $3,066,095Net Income 2021: $806,9252021Revenue 2022: $1,943,663Expenses 2022: $2,276,345Net Income 2022: -$332,6822022Revenue 2023: $2,682,880Expenses 2023: $2,373,525Net Income 2023: $309,3552023Revenue 2024: $2,150,493Expenses 2024: $1,219,549Net Income 2024: $930,9442024Revenue 2025: $3,176,397Expenses 2025: $1,251,086Net Income 2025: $1,925,3112025

Highlighted filing

2017

Revenue$1,125,831
Expenses$951,716
Net Income$174,115
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 8, 2017
Return Version
2016v3.1
Gross Receipts
$1,175,432
Mission and Program Overview

Mission

Cultivate community investment to enrich student opportunity.

Cultivate community investment to enrich student opportunity

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$787,621$788,256▲ $635
Cash and Non-Interest-Bearing Accounts$247,039$399,424▲ $152,385
Pledges and Grants Receivable$166,000$140,000▼ $26,000
Total Assets$1,200,660$1,327,680▲ $127,020
Liabilities
Deferred Revenue$56,949--
Accounts Payable and Accrued Expenses$14,146$24,000▲ $9,854
Total Liabilities$71,095$24,000▼ $47,095
Net Assets / Fund Balance
Temporarily Rstr Net Assets$824,154$829,337▲ $5,183
Unrestricted Net Assets$205,411$374,343▲ $168,932
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$1,129,565$1,303,680▲ $174,115
Total Liabilities and Net Assets / Fund Balance$1,200,660$1,327,680▲ $127,020

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$108,072-▲ $87-$108,160
2015$107,943-▲ $130-$108,072
2014$107,795-▲ $148-$107,943
2013$107,722-▲ $73-$107,795
2012$107,721-▲ $1-$107,722
Compensation and Service Providers

Board Members and Trustees

NameTitle
Derek RushingBoard Chair
Richard LevinBoard Vice C
Dave EspinosaDirector
Dave LazarowitzDirector
Harry KingDirector
Juliemarie ShepherdDirector
Kenneth BoydDirector
Laura NoeDirector
Marcelina RiveraDirector
Marissa BankerDirector
Nathan EckloffDirector
Rico MunnDirector
Robert McgranaghanDirector
Simone RossDirector
William StuartDirector
Zachary MuggeDirector
Debi Hunter HolenSecretary
Laura EnglishTreasurer
Jeff SwiatekVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,078,632
Program Service Revenue
$0
Investment Income
$674
Other Revenue
$46,525
All Other Contributions
$911,742
Change in Net Assets
$174,115

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table5$35,124
Total Noncash Contributions5$35,124

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,125,831
Total Revenue per Audited Statements
$1,125,831
Total Revenue per Form 990
$1,125,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$816,665
Other Expenses$83,831
Salaries, Compensation, and Employee Benefits$51,220
Total Fundraising Expense$14,470
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$751,562--$751,562
Grants to Domestic Individuals$65,103--$65,103
Current Officers, Directors, Trustees, and Key Employees$26,683-$14,470$41,153
Fees for Services Lobbying$35,000--$35,000
Fees for Services Accounting-$22,747-$22,747
Office Expenses-$10,482-$10,482
Other Salaries and Wages-$10,067-$10,067
Fees for Services Legal-$6,943-$6,943
All Other Expenses-$883-$883
Other Expenses$1,240$707-$707
Information Technology-$14-$14
Total Functional Expenses$882,588$54,658$14,470$951,716

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$951,716
Total Expenses per Audited Statements$951,716
Total Expenses per Form 990$951,716
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jt District 28-jAurora, COGovtSupport Aps Schools$574,547
Jt District 28-jAurora, COGovtSchool Transitions$173,127
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$96,126
Fundraising Direct Expenses$49,601
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$112,126$96,126$8,220$87,906
Total Events$112,126$96,126$49,601$46,525
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Members of the aurora public schools foundation board are independent of the school board and the school district. As part of the foundation's advocacy for high quality public education for all children in the district, the foundation accepts an in-kind donation of certain services from the district and pays for a portion of the services provided by the district. Those services primarily include personnel dedicated to the foundation as well as office space and other support services. The executive director and other assigned staff are supervised by the district's superintendent and the superintendent's delegates. The district's superintendent or his delegate attends foundation board meetings but is not a voting memeber of the board. The foundation is a separate legal entity and the district is not financially accountable for the foundation. The foundation's financial statements are included as part of the district's financial reporting entity because of the nature and significance of the relationship between the primary government and the foundation.

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

The 990 is prepared by a cpa and forwarded to the executive director for review and approval. From there, it is reviewed by the foundation's finance committee and approved. The final approved return is distributed to the board members.

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

The executive director's salary is paid by aurora public schools (aps), aurora, colorado. The foundation is reimbursed by aps for a portion of the executive director's salary. The district provides a supervisory function over the executive director's performance and determines the appropriate salary based upon its survey of comparable positions in the metropolitan area.

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

The executive director conducts a review of appropriate salaries for other officers and staff based upon market studies of comparable positions in the metropolitan area.

Form 990, Page 6, Part VI, Line 19

The organization's financial statements are available on its' website. The governing documents, conflict of interest policy and financial statements are also made available upon request.

Filing and Contact Details

Filer

Filer Name
Aurora Public Schools Foundation
EIN
74-2477363
Phone
3033262042
Address
15701 E 1ST AVENUE SUITE 206, AURORA, CO 80011
Doing Business As
Aurora Public Schools Education Fdn

Signing Officer

Name
Jay Grimm
Title
Executive Director
Phone
3033262042
Signed
2017-11-08

Organization Details

Principal Officer
Jay Grimm
Formed
1987
Legal Domicile
Co
Voting Board Members
20
Independent Board Members
18
Employees
0
Volunteers
25

Preparer

Firm
Colwell & Company Inc
Address
5728 S GALLUP ST, LITTLETON, CO 80120-1622
Preparer
Robert D Colwell
Phone
3033479402
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

- 71% of students receive free or reduced lunches - 10% of students attend special educational programs apsf has administered hundreds of scholarships to aurora public schools students attending colleges and vocational schools nationwide since its' 1987 inception.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation's endowment consists of a 100,000 bequest that was received in 1995. The bequest agreement states that the amount to be used by the foundation is not to exceed the annual interest earned. The principal amount of 100,000 is to remain intact. Additionally, the bequest agreement specified that the contributions to the fund in excess of 100,000 are to be used for scholarship purposes and are thus temporarily restricted. The earnings on the principal amount are to be used to help women who have overcome obstacles in their lives and are determined to change their direction and better themselves by pursuing a course of education or training that will enable them to be self-reliant.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/FormationYr01987
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IRS990/NetAssetsOrFundBalancesEOYAmt01303680
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0PARTNER SUPPORT
IRS990/OtherExpensesGrp/Desc1BANK AND CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2IN KIND DONATIONS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/TotalAmt21240
IRS990/OtherExpensesGrp/TotalAmt3707
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IRS990/OwnWebsiteInd0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0166000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0140000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAY GRIMM
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYInvestmentIncomeAmt0992
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IRS990/PYRevenuesLessExpensesAmt0283422
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0174115
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0787621
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0413164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0975191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01437917
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt096800
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0437084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0999075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01464733
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04769335
IRS990ScheduleA/TotalSupportAmt04772540
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt039347
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0157388
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt035000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt035000
IRS990ScheduleC/GrassrootsCeilingAmt059021
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IRS990ScheduleC/LobbyingCeilingAmt0236082
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0157388
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0847588
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE APS FOUNDATION ENGAGED IN LIMITED LOBBYING ACTIVITIES IN SUPPORT OF THE AURORA PUBLIC SCHOOL DISTRICT TO THE EXTENT PERMITTED BY THE INTERNAL REVENUE CODE USING UNRESTRICTED FUNDS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
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IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0882588
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt035000
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0108072
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0107795
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0107943
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0148
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0107722
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IRS990ScheduleD/DonorAdvisedFundsContriAmt041046
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt028938
IRS990ScheduleD/DonorAdvisedFundsHeldCnt09

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.42$0.17$5.25$3.18$1.25$1.93
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.12$3.22$2.15$1.22$0.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.29$2.19$2.68$2.37$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.49$1.80$1.94$2.28$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.11$2.15$3.87$3.07$0.81
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.39$1.28$2.43$2.44$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.05$1.25$0.99$0.95$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.03$1.20$0.69$0.80$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.02$1.30$1.13$0.95$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.07$1.13$0.79$0.50$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.06$0.85$0.39$0.67$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.04$1.12$1.08$1.90$0.82
2013Summary only. Only limited summary data is available for this year.$2.03$0.08$1.94$1.50$0.31$1.19
2012Summary only. Only limited summary data is available for this year.$0.77$0.02$0.75$0.27$0.61$0.34
2011Summary only. Only limited summary data is available for this year.$1.14$0.05$1.09$0.66$0.23$0.44