Civic Intelligence

Trinity Valley School

990 • Fiscal year 2016 • EIN 75-1099126

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

7500 Dutch Branch RoadFort Worth, TX 76132

(817) 321-0100

Siviq Scores

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

Liabilities / Assets

41st percentile

0.25x

Higher debt load relative to assets than 41% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

1.12x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

52nd percentile

3.1%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

27th percentile

-2.0%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-21%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Down

$111,581,239

Down $2,279,004 (-2.0%) from 2015

Net Assets

Down

$83,345,017

Down $246,942 (-0.3%) from 2015

Liabilities

Down

$28,236,222

Down $2,032,062 (-6.7%) from 2015

Revenue

Down

$25,144,165

Down $6,845,426 (-21%) from 2015

Expenses

Up

$24,366,849

Up $1,705,023 (+7.5%) from 2015

Net Income

Down

$777,316

Down $8,550,449 (-92%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $78,723,852Liabilities 2010: $22,365,853Net Assets 2010: $56,357,9992010Assets 2011: $87,340,997Liabilities 2011: $24,093,866Net Assets 2011: $63,247,1312011Assets 2012: $90,043,026Liabilities 2012: $24,942,742Net Assets 2012: $65,100,2842012Assets 2013: $94,913,096Liabilities 2013: $24,609,963Net Assets 2013: $70,303,1332013Assets 2014: $102,589,030Liabilities 2014: $24,794,289Net Assets 2014: $77,794,7412014Assets 2015: $113,860,243Liabilities 2015: $30,268,284Net Assets 2015: $83,591,9592015Assets 2016: $111,581,239Liabilities 2016: $28,236,222Net Assets 2016: $83,345,0172016Assets 2017: $112,642,435Liabilities 2017: $26,318,252Net Assets 2017: $86,324,1832017Assets 2018: $110,619,788Liabilities 2018: $22,782,197Net Assets 2018: $87,837,5912018Assets 2019: $116,229,597Liabilities 2019: $23,743,133Net Assets 2019: $92,486,4642019Assets 2020: $115,369,415Liabilities 2020: $22,952,490Net Assets 2020: $92,416,9252020Assets 2021: $129,853,781Liabilities 2021: $24,742,074Net Assets 2021: $105,111,7072021Assets 2022: $125,849,584Liabilities 2022: $25,938,081Net Assets 2022: $99,911,5032022Assets 2023: $126,736,194Liabilities 2023: $24,603,021Net Assets 2023: $102,133,1732023Assets 2024: $130,562,249Liabilities 2024: $26,782,991Net Assets 2024: $103,779,2582024

Highlighted filing

2016

Assets$111,581,239
Liabilities$28,236,222
Net Assets$83,345,017

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $18,666,3602010Revenue 2011: $22,703,217Expenses 2011: $18,852,195Net Income 2011: $3,851,0222011Expenses 2012: $19,531,3152012Expenses 2013: $21,198,3082013Revenue 2014: $26,529,078Expenses 2014: $21,838,284Net Income 2014: $4,690,7942014Revenue 2015: $31,989,591Expenses 2015: $22,661,826Net Income 2015: $9,327,7652015Revenue 2016: $25,144,165Expenses 2016: $24,366,849Net Income 2016: $777,3162016Revenue 2017: $25,551,348Expenses 2017: $25,853,359Net Income 2017: -$302,0112017Revenue 2018: $26,445,071Expenses 2018: $26,882,178Net Income 2018: -$437,1072018Revenue 2019: $31,602,047Expenses 2019: $27,857,262Net Income 2019: $3,744,7852019Revenue 2020: $27,962,422Expenses 2020: $28,056,860Net Income 2020: -$94,4382020Revenue 2021: $31,929,734Expenses 2021: $28,083,637Net Income 2021: $3,846,0972021Revenue 2022: $33,870,817Expenses 2022: $30,530,901Net Income 2022: $3,339,9162022Revenue 2023: $33,198,768Expenses 2023: $32,399,798Net Income 2023: $798,9702023Revenue 2024: $34,647,863Expenses 2024: $34,719,331Net Income 2024: -$71,4682024

Highlighted filing

2016

Revenue$25,144,165
Expenses$24,366,849
Net Income$777,316
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$46,345,500
Mission and Program Overview

Mission

Trinity valley school has four main objectives for its students: fine scholarship with its fulfillment at college; the development of wide constructive interests; intelligent citizenship; and spiritual and moral development which promotes lasting values.additionally, trinity valley school's goal is to provide students with a foundation to become imaginative, innovative leaders of all kinds. Personal growth is equally as important as academic growth. Trinity valley school recognizes that there are many types of intelligence: linguistic, spatial, musical, kinesthetic, natural, manipulative, and interpersonal, among others. A tvs education does not focus on just one or two to the neglect of the others. The college preparatory curriculum at tvs is carefully designed by remarkable educators to give students the freedom to expand the streams of thought by which they understand, examine, and solve problems they have never before encountered. Tvs is about timeless education.

Trinity valley school has four main objectives for its students: fine scholarship (cont. On sch o.) (cont. From page 1) with its fulfillment at college; the development of wide constructive interests; intelligent citizenship; and spiritual and moral development which promotes lasting values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,605,951$45,664,362▲ $2,058,411
Investments Other Securities$22,543,408$33,253,155▲ $10,709,747
Cash and Non-Interest-Bearing Accounts$6,231,125$12,553,134▲ $6,322,009
Accounts Receivable$6,606,804$6,886,999▲ $280,195
Investments in Publicly Traded Securities$10,239,429$5,121,142▼ $5,118,287
Prepaid Expenses and Deferred Charges$3,300,595$3,705,445▲ $404,850
Pledges and Grants Receivable$5,189,742$3,094,193▼ $2,095,549
Savings and Temporary Cash Investments$16,109,790$1,289,433▼ $14,820,357
Total Assets$113,860,243$111,581,239▼ $2,279,004
Other Assets Total$33,399$13,376▼ $20,023
Liabilities
Deferred Revenue$19,627,707$20,414,351▲ $786,644
Mortgage Notes Payable Secured by Investment Property$5,714,976$5,535,000▼ $179,976
Accounts Payable and Accrued Expenses$4,568,134$1,928,852▼ $2,639,282
Other Liabilities$357,467$358,019▲ $552
Total Liabilities$30,268,284$28,236,222▼ $2,032,062
Net Assets / Fund Balance
Unrestricted Net Assets$45,302,039$49,324,329▲ $4,022,290
Permanently Rstr Net Assets$20,024,873$20,437,985▲ $413,112
Temporarily Rstr Net Assets$18,265,047$13,582,703▼ $4,682,344
Total Net Assets Fund Balance$83,591,959$83,345,017▼ $246,942
Total Liabilities and Net Assets / Fund Balance$113,860,243$111,581,239▼ $2,279,004

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,061,155$14,536,358$54,597,513
Equipment$1,334,040$5,590,055$6,924,095
Land$3,480,000-$3,480,000
Other Land Buildings$789,167$1,130,387$1,919,554
Other Securities$32,938,361--
Closely Held Equity Interests$11,724--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$34,800,950$421,012▼ $1,114,467-$32,341,763
2014$34,963,960$426,480▲ $879,590-$34,800,950
2013$31,584,443$172,419▲ $4,372,336-$34,963,960
2012$29,144,322$829,618▲ $3,232,658-$31,584,443
2011$28,712,297$1,815,648▼ $436,446-$29,144,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don NorthHead of School - Part YrFT$221,848$18,751$240,599
Gary W KrahnHead of School - Part YrFT$199,800$20,032$219,832
Margaret RiemitisChief Financial OfficerFT$130,110$44,592$174,702
Christopher GunninUpper School HeadFT$129,438$44,302$173,740
Susan Clare PritchettDirector of External AffaiFT$112,981$29,421$142,402
Sandra McnuttLower School HeadFT$118,831$17,817$136,648
Michael M KrisMiddle School HeadFT$105,638$23,537$129,175

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Rogers-o'brien Construction Company LtdConstruction1901 REGAL ROW, Dallas, TX 75235$12,461,073
Netvision ConsultingTechnology Hardware, Software, And Consu2011 EAST LAMAR BLVD SUITE 200, Arlington, TX 76006-7387$419,405
The Faulk CompanyJanitorial8855 WEST FREEWAY, Fort Worth, TX 76116-2850$283,375
Ast Landscape Service INCLandscape7708 ALBERT AVE, Fort Worth, TX 76116$274,228
Schwarz-hanson ArchitectsArchitectural2570 RIVER PARK PLAZA SUITE 100, Fort Worth, TX 76116$266,401
Revenue and Support

Revenue Composition

Contributions and Grants
$4,127,830
Program Service Revenue
$20,967,685
Investment Income
$-210,318
Other Revenue
$258,968
All Other Contributions
$4,031,240
Change in Net Assets
$777,316

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,144,165
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-908,547
Total Revenue per Audited Statements
$24,235,618
Total Revenue per Form 990
$25,144,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,283,781
Other Expenses$6,904,480
Grants and Similar Amounts Paid$3,178,588
Total Fundraising Expense$656,822
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,408,978$2,960,267$378,715$10,747,960
Grants to Domestic Individuals$3,178,588--$3,178,588
All Other Expenses$1,224,703$306,989$123,482$1,655,174
Other Employee Benefits$1,083,869$365,350$79,680$1,528,899
Depreciation Depletion-$1,268,551-$1,268,551
Occupancy-$869,791-$869,791
Payroll Taxes$553,123$233,052$27,452$813,627
Fees for Services Other-$681,285-$681,285
Current Officers, Directors, Trustees, and Key Employees$118,209$521,651$23,642$663,502
Pension Plan Contributions$371,570$134,372$23,851$529,793
Other Expenses$450,143$4,186-$450,143
Fees for Service Investment Mgmnt Fees-$292,432-$292,432
Interest-$278,409-$278,409
Office Expenses$114,930$161,151-$276,081
Conferences and Meetings$300$71,501-$71,801
Advertising-$67,921-$67,921
Fees for Services Accounting-$36,283-$36,283
Total Functional Expenses$15,456,836$8,253,191$656,822$24,366,849

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,482,560
Expenses per Audited Statements$24,366,849
Total Expenses per Form 990$24,366,849
Expenses Not Reported on Form 990$115,711
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$30,744,560

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investment-00$30,744,560
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$138,839
Fundraising Direct Expenses$107,537
Gaming Direct Expenses$7,166
Gaming Gross Income$5,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$223,854$134,549$80,986$53,563
Festival$7,285---
Total Events$235,429$138,839$107,537$31,302
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Trustee Cullen Crisp Is a Part Owner of Crisp-ladew Fire Protection CompanyCrisp-ladew Provides Fire Alarm and Fire Sprinkler Work for TvsNo$10,773
-Trustee Walt Reynolds Is a Part Owner of the Reynolds CompanyTvs Purchased Lighting Products From the Reynolds Company.No$2,352
-Trustee Jeff Farmer Is Part Owner of Csg CompaniesCsg Companies Is the Employee Benefit Agent. Tvs Does Not Pay Jeff Farmer or Csg Companies Directly, But Csg Company Receives Commissions From the Insurance Carriers.No$0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Derivative Financial Instrument$358,019

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASimonton Education Facilities Corporation2004-12-01$5,000,000Facilities - acquire, renovate, construct, & equip educational facilities.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A---$67,763

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 B, Line 11

Form 990 review an electronic version will be sent to the board of trustees for review prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy board of trustee members sign a conflict of interest disclosure statement annually which is reviewed by the chief financial officer upon submission. Any potential conflict will be discussed with the board chair.

Form 990, Part VI, Section B, Line 15

Compensation policy the human resources committee of the board of trustees determines the salary of the head of school. During the process, the committee uses a combination of the following information: - isas & nais statistics - employment search firms/consultants - experience - job performance the head of school sets the compensation for the highest paid employees using the following information: - isas & nais statistics - local isd pay scales - experience - job performance

Form 990, Part VI, Section C, Line 19

Public availability of documents trinity valley school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Trinity Valley School
EIN
75-1099126
Phone
8173210100
Address
7500 DUTCH BRANCH ROAD, FORT WORTH, TX 76132

Signing Officer

Name
Ian Craig
Title
Head of School
Phone
8173210100
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ian Craig
Formed
1959
Legal Domicile
TX
Voting Board Members
29
Independent Board Members
28
Employees
304
Volunteers
700

Preparer

Firm
Rylander Clay & Opitz Llp
Address
3200 RIVERFRONT DRIVE SUITE 200, FORT WORTH, TX 76107
Preparer
Alison Williams
Phone
8173322301
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

Audit oversight the audit committee is responsible for oversight of the audit of the financial statements and selection of the independent acountant. This process has not changed from the prior year.

Form 990, Part I, Line 6

Volunteer estimate estimates were used to determine the number of individuals who provide volunteer services to the school. Groups included in the estimate were: board of trustees, alumni board, parents' club board, fta/toe boards, room and team parents, admissions council, development leadership team, book fairs, and various parents' club events.

Financial Statement Notes

PART V, LINE 4:

Trinity valley school's endowment consists of funds established for a variety of purposes such as financial aid, professional development, employee compensation and school operations.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses netted against income 107,537. Gaming expenses netted against income 7,166. Rent expenses netted against income 1,008.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 107,537. Gaming expenses 7,166. Rent expense 1,008.

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IRS990/ActivityOrMissionDesc0TRINITY VALLEY SCHOOL HAS FOUR MAIN OBJECTIVES FOR ITS STUDENTS: FINE SCHOLARSHIP (CONT. ON SCH O.) (CONT. FROM PAGE 1) WITH ITS FULFILLMENT AT COLLEGE; THE DEVELOPMENT OF WIDE CONSTRUCTIVE INTERESTS; INTELLIGENT CITIZENSHIP; AND SPIRITUAL AND MORAL DEVELOPMENT WHICH PROMOTES LASTING VALUES.
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IRS990/Desc0TRINITY VALLEY SCHOOL IS A K-12 EDUCATIONAL INSTITUTION WITH AN ENROLLMENT OF 974 STUDENTS. THE TRINITY VALLEY SCHOOL CLASS OF 2016 HAD 89 GRADUATES, 100% OF WHICH ARE ATTENDING COLLEGE. 78% OF THE CLASS OF 2016 RECEIVED MERIT SCHOLARSHIPS; $11.3 MILLION IN SCHOLARSHIPS; 3 NATIONAL MERITS, 12 NATIONAL MERIT COMMENDED, AND 4 NATION MERIT HISPANIC RECOGNITIONS.
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IRS990/Form990PartVIISectionAGrp/PersonNm29DON NORTH
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IRS990/Form990PartVIISectionAGrp/PersonNm34SANDRA MCNUTT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29HEAD OF SCHOOL - PART YR
IRS990/Form990PartVIISectionAGrp/TitleTxt30CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt31HEAD OF SCHOOL - PART YR
IRS990/Form990PartVIISectionAGrp/TitleTxt32UPPER SCHOOL HEAD
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR OF EXTERNAL AFFAI
IRS990/Form990PartVIISectionAGrp/TitleTxt34LOWER SCHOOL HEAD
IRS990/Form990PartVIISectionAGrp/TitleTxt35MIDDLE SCHOOL HEAD
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$131$26.8$104$34.6$34.7$0.07
2023Detailed filing. Detailed filing data is available for this year.$127$24.6$102$33.2$32.4$0.80
2022Detailed filing. Detailed filing data is available for this year.$126$25.9$99.9$33.9$30.5$3.34
2021Detailed filing. Detailed filing data is available for this year.$130$24.7$105$31.9$28.1$3.85
2020Detailed filing. Detailed filing data is available for this year.$115$23.0$92.4$28.0$28.1$0.09
2019Detailed filing. Detailed filing data is available for this year.$116$23.7$92.5$31.6$27.9$3.74
2018Detailed filing. Detailed filing data is available for this year.$111$22.8$87.8$26.4$26.9$0.44
2017Detailed filing. Detailed filing data is available for this year.$113$26.3$86.3$25.6$25.9$0.30
2016Detailed filing. Detailed filing data is available for this year.$112$28.2$83.3$25.1$24.4$0.78
2015Detailed filing. Detailed filing data is available for this year.$114$30.3$83.6$32.0$22.7$9.33
2014Detailed filing. Detailed filing data is available for this year.$103$24.8$77.8$26.5$21.8$4.69
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.9$24.6$70.3$21.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.0$24.9$65.1$19.5
2011Summary only. Only limited summary data is available for this year.$87.3$24.1$63.2$22.7$18.9$3.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.7$22.4$56.4$18.7