Civic Intelligence

Arlington Classics Academy

990 • Fiscal year 2017 • EIN 75-2734435

Sep 01, 2016 to Aug 31, 2017 • Filed on May 21, 2018

Organization Profilewww.acaedu.net

Refreshing map…

5206 S Bowen RoadArlington, TX 76017

(817) 533-0445

Siviq Scores

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

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.90x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

66th percentile

8.8%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

43rd percentile

3.2%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

55th percentile

6.4%

Faster revenue growth than 55% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$29,662,394

Up $933,369 (+3.2%) from 2016

Net Assets

Up

$5,718,566

Up $1,106,173 (+24%) from 2016

Liabilities

Down

$23,943,828

Down $172,804 (-0.7%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin66th percentile

Revenue

Up

$12,584,375

Up $755,155 (+6.4%) from 2016

Expenses

Up

$11,478,202

Up $651,685 (+6.0%) from 2016

Net Income

Up

$1,106,173

Up $103,470 (+10%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$40M$30M$20M$10M$0Assets 2011: $18,434,940Liabilities 2011: $17,631,060Net Assets 2011: $803,8802011Assets 2012: $17,489,429Liabilities 2012: $16,830,729Net Assets 2012: $658,7002012Assets 2013: $18,062,165Liabilities 2013: $16,802,758Net Assets 2013: $1,259,4072013Assets 2014: $19,141,647Liabilities 2014: $16,841,731Net Assets 2014: $2,299,9162014Assets 2015: $20,098,022Liabilities 2015: $16,488,332Net Assets 2015: $3,609,6902015Assets 2016: $28,729,025Liabilities 2016: $24,116,632Net Assets 2016: $4,612,3932016Assets 2017: $29,662,394Liabilities 2017: $23,943,828Net Assets 2017: $5,718,5662017Assets 2018: $29,812,954Liabilities 2018: $22,935,308Net Assets 2018: $6,877,6462018Assets 2019: $30,561,272Liabilities 2019: $23,768,046Net Assets 2019: $6,793,2262019Assets 2020: $31,932,078Liabilities 2020: $23,679,365Net Assets 2020: $8,252,7132020Assets 2021: $32,317,939Liabilities 2021: $23,687,631Net Assets 2021: $8,630,3082021Assets 2022: $32,765,596Liabilities 2022: $22,760,685Net Assets 2022: $10,004,9112022Assets 2023: $32,636,667Liabilities 2023: $22,282,718Net Assets 2023: $10,353,9492023

Highlighted filing

2017

Assets$29,662,394
Liabilities$23,943,828
Net Assets$5,718,566
Open 2017 Filing

Operations Trend

Revenue Growth55th percentile

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

$20M$15M$10M$5.0M$0Expenses 2011: $4,106,6652011Expenses 2012: $7,153,6372012Revenue 2013: $8,619,397Expenses 2013: $8,018,692Net Income 2013: $600,7052013Revenue 2014: $10,136,482Expenses 2014: $9,095,973Net Income 2014: $1,040,5092014Revenue 2015: $11,188,355Expenses 2015: $9,878,581Net Income 2015: $1,309,7742015Revenue 2016: $11,829,220Expenses 2016: $10,826,517Net Income 2016: $1,002,7032016Revenue 2017: $12,584,375Expenses 2017: $11,478,202Net Income 2017: $1,106,1732017Revenue 2018: $13,153,030Expenses 2018: $12,273,685Net Income 2018: $879,3452018Revenue 2019: $14,407,584Expenses 2019: $12,575,367Net Income 2019: $1,832,2172019Revenue 2020: $15,191,710Expenses 2020: $13,732,223Net Income 2020: $1,459,4872020Revenue 2021: $15,087,121Expenses 2021: $14,709,526Net Income 2021: $377,5952021Revenue 2022: $16,916,074Expenses 2022: $15,541,471Net Income 2022: $1,374,6032022Revenue 2023: $16,601,876Expenses 2023: $16,252,838Net Income 2023: $349,0382023

Highlighted filing

2017

Revenue$12,584,375
Expenses$11,478,202
Net Income$1,106,173
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
May 21, 2018
Return Version
2016v3.0
Gross Receipts
$12,736,875
Mission and Program Overview

Mission

To equip a diverse student body with a comprehensive education, including a special focus on Western civilization. Students will develop a commanding knowledge of the origins of our liberty and the ability to sustain it through moral leadership. We aim to accomplish this goal through a high level of academic instruction and high behavioral expectations.

To equip a diverse student body with a comprehensive education, including special focus on western civilization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,195,230$19,990,100▲ $5,794,870
Cash and Non-Interest-Bearing Accounts$4,346,081$5,265,539▲ $919,458
Savings and Temporary Cash Investments$8,383,280$2,252,731▼ $6,130,549
Accounts Receivable$984,352$1,363,934▲ $379,582
Prepaid Expenses and Deferred Charges-$3,031-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$28,729,025$29,662,394▲ $933,369
Other Assets Total$820,082$787,059▼ $33,023
Liabilities
Tax Exempt Bond Liabilities$22,587,000$23,020,679▲ $433,679
Accounts Payable and Accrued Expenses$800,803$913,222▲ $112,419
Other Liabilities$728,829$9,927▼ $718,902
Total Liabilities$24,116,632$23,943,828▼ $172,804
Net Assets / Fund Balance
Unrestricted Net Assets$2,596,597$3,328,765▲ $732,168
Temporarily Rstr Net Assets$2,015,796$2,389,801▲ $374,005
Total Net Assets Fund Balance$4,612,393$5,718,566▲ $1,106,173
Total Liabilities and Net Assets / Fund Balance$28,729,025$29,662,394▲ $933,369

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,940,407$2,828,416$19,768,823
Land$2,447,748-$2,447,748
Other Land Buildings$601,945$155,380$757,325
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig SimsHeadmasterFT$109,205$38,300$147,505
Ginger MoellerCFOFT$64,307$9,882$74,189

Board Members and Trustees

NameTitle
Deborah SterbaPresident
Teresa ThibodeauVice President
Jaime FosterDirector
Jason RoachDirector
Julie NealDirector
Sonja BeanDirector
Steve CoffeeDirector
Warren NorredDirector
Shawn MooreSecretary
Gary SowardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dk Haney RoofingRoofing1301 MARKUM GATE WAY, Fort Worth, TX 76126$130,375
Revenue and Support

Revenue Composition

Contributions and Grants
$12,665,682
Program Service Revenue
$0
Investment Income
$-75,767
Other Revenue
$-5,540
All Other Contributions
$655,877
Change in Net Assets
$1,106,173

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,736,875
Revenue Not Reported on Financial Statements
$-152,500
Other Revenue Adjustments
$-152,500
Total Revenue per Audited Statements
$12,736,875
Total Revenue per Form 990
$12,584,375
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,814,412
Other Expenses$3,663,790
Total Fundraising Expense$76,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,340,584$544,055$53,233$6,937,872
Occupancy$1,864,066$96,045-$1,960,111
Depreciation Depletion$420,711$21,677-$442,388
Other Employee Benefits$370,579$15,565$737$386,881
Current Officers, Directors, Trustees, and Key Employees-$234,025-$234,025
Fees for Services Other$36,876$151,658-$188,534
Pension Plan Contributions$150,453$1,139$1,091$152,683
All Other Expenses$113,922$25,959$625$140,506
Payroll Taxes$91,912$10,258$781$102,951
Insurance$84,017$4,329-$88,346
Travel$43,540$26,839$424$70,803
Other Expenses$40,333$10,721$5,251$51,054
Fees for Services Accounting-$21,500-$21,500
Advertising--$14,217$14,217
Fees for Services Legal-$11,715-$11,715
Total Functional Expenses$10,133,432$1,268,411$76,359$11,478,202

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,630,702
Expenses per Audited Statements$11,478,202
Total Expenses per Form 990$11,478,202
Expenses Not Reported on Form 990$152,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,540
Fundraising Gross Income$2,000
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Others$9,927

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeries 2010abc Tax Ex2010-12-21$16,405,000Real property construction
BSeries 2016ab Tax Exempt2016-04-19$8,465,000Real property construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,405,000$2,209,656$1,145,000$990,701
B$8,465,000-$50,000$510,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

“The draft tax return is presented to the board for review and comments prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All directors, officers and employees complete an annual conflict of interest survey.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“At the annual board of directors meeting, board members evaluate the executive director and review compensation. Compensation is set by the board members which is documented in the minutes.”

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

“All governing documents, policies, and financial statements are open records and available for public review.”

Filing and Contact Details

Filer

Filer Name
Arlington Classics Academy
EIN
75-2734435
Phone
8175330445
Address
5206 S Bowen Road, Arlington, TX 76017

Signing Officer

Name
Deborah Sterba
Title
President
Signed
2018-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Sims
Formed
1998
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
209
Volunteers
858

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Kimberly D Crawford
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2017. Accordingly, no provision has been made for federal income tax in the accompanying financial statements. GAAP requires the evaluation of tax positions taken in the course of preparing the Academys tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2017, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Special event expenses $7540 disposal of asset $144960”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/InsuranceGrp/ProgramServicesAmt084017
IRS990/InsuranceGrp/TotalAmt088346
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IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0144960
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO EQUIP A DIVERSE STUDENT BODY WITH A COMPREHENSIVE EDUCATION, INCLUDING SPECIAL FOCUS ON WESTERN CIVILIZATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04612393
IRS990/NetAssetsOrFundBalancesEOYAmt05718566
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-5540
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt096045
IRS990/OccupancyGrp/ProgramServicesAmt01864066
IRS990/OccupancyGrp/TotalAmt01960111
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0370579
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0386881
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc2FOOD ITEMS
IRS990/OtherExpensesGrp/Desc3COPIER EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt05251
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt074774
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118152
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210721
IRS990/OtherExpensesGrp/ProgramServicesAmt0167511
IRS990/OtherExpensesGrp/ProgramServicesAmt1207338
IRS990/OtherExpensesGrp/ProgramServicesAmt2201590
IRS990/OtherExpensesGrp/ProgramServicesAmt340333
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IRS990/OtherExpensesGrp/TotalAmt1225490
IRS990/OtherExpensesGrp/TotalAmt2201590
IRS990/OtherExpensesGrp/TotalAmt351054
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IRS990/OtherLiabilitiesGrp/EOYAmt09927
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt053233
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06340584
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0781
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010258
IRS990/PayrollTaxesGrp/ProgramServicesAmt091912
IRS990/PayrollTaxesGrp/TotalAmt0102951
IRS990/PensionPlanContributionsGrp/FundraisingAmt01091
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01139
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0150453
IRS990/PensionPlanContributionsGrp/TotalAmt0152683
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03031
IRS990/PrincipalOfficerNm0CRAIG SIMS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011840570
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-3067
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IRS990/PYOtherExpensesAmt03533797
IRS990/PYOtherRevenueAmt0-8283
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IRS990/PYSalariesCompEmpBnftPaidAmt07292720
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IRS990/PYTotalRevenueAmt011829220
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReconcilationRevenueExpnssAmt01106173
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02828416
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0155380
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHERS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-152500
IRS990ScheduleD/RevenueSubtotalAmt012736875
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and has not been classified as a private foundation as defined in the Code. Income generated from activities unrelated to the Academys exempt purposes is subject to tax under Code Section 511. The Academy had no unrelated business income for the year ended August 31, 2017. Accordingly, no provision has been made for federal income tax in the accompanying financial statements. GAAP requires the evaluation of tax positions taken in the course of preparing the Academys tax returns and recognition of a tax liability (or asset) if the Academy has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Academy, and has concluded that as of August 31, 2017, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES $7540 DISPOSAL OF ASSET $144960
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,662,394
Liabilities
$23,943,828
Net assets
$5,718,566
Revenue
$12,584,375
Expenses
$11,478,202
Net income
$1,106,173
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$32.6$22.3$10.4$16.6$16.3$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.8$22.8$10.0$16.9$15.5$1.37
2021Summary only. Only limited summary data is available for this year.$32.3$23.7$8.63$15.1$14.7$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.9$23.7$8.25$15.2$13.7$1.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.6$23.8$6.79$14.4$12.6$1.83
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$22.9$6.88$13.2$12.3$0.88
2017Detailed filing. Detailed filing data is available for this year.$29.7$23.9$5.72$12.6$11.5$1.11
2016Detailed filing. Detailed filing data is available for this year.$28.7$24.1$4.61$11.8$10.8$1.00
2015Detailed filing. Detailed filing data is available for this year.$20.1$16.5$3.61$11.2$9.88$1.31
2014Detailed filing. Detailed filing data is available for this year.$19.1$16.8$2.30$10.1$9.10$1.04
2013Summary only. Only limited summary data is available for this year.$18.1$16.8$1.26$8.62$8.02$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$16.8$0.66$7.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$17.6$0.80$4.11