Civic Intelligence

Comquest Academy

990 • Fiscal year 2020 • EIN 76-0604071

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 15, 2021

207 North Peach StreetTomball, TX 77375

(281) 516-0611

Siviq Scores

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

Liabilities / Assets

95th percentile

1.27x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.31x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

84th percentile

55%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-17%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$171,905

Up $60,967 (+55%) from 2019

Net Assets

Down

-$46,082

Down $106,708 (-176%) from 2019

Liabilities

Up

$217,987

Up $167,675 (+333%) from 2019

Revenue

Down

$713,337

Down $148,057 (-17%) from 2019

Expenses

Down

$820,045

Down $92,334 (-10%) from 2019

Net Income

Down

-$106,708

Down $55,723 (-109%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $337,546Liabilities 2011: $162,135Net Assets 2011: $175,4112011Assets 2012: $274,666Liabilities 2012: $143,780Net Assets 2012: $130,8862012Assets 2013: $159,305Liabilities 2013: $175,129Net Assets 2013: -$15,8242013Assets 2014: $156,295Liabilities 2014: $250,227Net Assets 2014: -$93,9322014Assets 2015: $82,388Liabilities 2015: $16,689Net Assets 2015: $65,6992015Assets 2016: $180,813Liabilities 2016: $20,842Net Assets 2016: $159,9712016Assets 2017: $162,319Liabilities 2017: $30,932Net Assets 2017: $131,3872017Assets 2018: $144,966Liabilities 2018: $33,355Net Assets 2018: $111,6112018Assets 2019: $110,938Liabilities 2019: $50,312Net Assets 2019: $60,6262019Assets 2020: $171,905Liabilities 2020: $217,987Net Assets 2020: -$46,0822020Assets 2021: $171,649Liabilities 2021: $131,909Net Assets 2021: $39,7402021Assets 2022: $117,968Liabilities 2022: $100,730Net Assets 2022: $17,2382022Assets 2023: $800,167Liabilities 2023: $725,964Net Assets 2023: $74,2032023Assets 2024: $1,005,151Liabilities 2024: $581,805Net Assets 2024: $423,3462024

Highlighted filing

2020

Assets$171,905
Liabilities$217,987
Net Assets-$46,082

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $968,002Expenses 2011: $926,047Net Income 2011: $41,9552011Revenue 2012: $857,004Expenses 2012: $901,529Net Income 2012: -$44,5252012Expenses 2013: $905,5742013Revenue 2014: $723,254Expenses 2014: $801,362Net Income 2014: -$78,1082014Revenue 2015: $862,271Expenses 2015: $702,640Net Income 2015: $159,6312015Revenue 2016: $769,478Expenses 2016: $675,206Net Income 2016: $94,2722016Revenue 2017: $746,260Expenses 2017: $774,844Net Income 2017: -$28,5842017Revenue 2018: $766,386Expenses 2018: $786,162Net Income 2018: -$19,7762018Revenue 2019: $861,394Expenses 2019: $912,379Net Income 2019: -$50,9852019Revenue 2020: $713,337Expenses 2020: $820,045Net Income 2020: -$106,7082020Revenue 2021: $822,815Expenses 2021: $736,993Net Income 2021: $85,8222021Revenue 2022: $663,199Expenses 2022: $685,701Net Income 2022: -$22,5022022Revenue 2023: $680,955Expenses 2023: $623,990Net Income 2023: $56,9652023Revenue 2024: $1,041,184Expenses 2024: $692,041Net Income 2024: $349,1432024

Highlighted filing

2020

Revenue$713,337
Expenses$820,045
Net Income-$106,708
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 15, 2021
Return Version
2019v5.0
Gross Receipts
$713,337
Mission and Program Overview

Mission

Offer educational choice to texas public school students

To offer educational choice to texas public school students

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$67,131$83,068▲ $15,937
Cash and Non-Interest-Bearing Accounts$21,960$70,677▲ $48,717
Land, Buildings, and Equipment, Net$21,847$18,160▼ $3,687
Total Assets$110,938$171,905▲ $60,967
Liabilities
Other Liabilities-$111,233-
Accounts Payable and Accrued Expenses$50,312$106,754▲ $56,442
Total Liabilities$50,312$217,987▲ $167,675
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,568--
Net Assets Without Donor Restrictions$49,058$-46,082▼ $95,140
Total Net Assets Fund Balance$60,626$-46,082▼ $106,708
Total Liabilities and Net Assets / Fund Balance$110,938$171,905▲ $60,967

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$44,729$44,729
Leasehold Improvements$18,160$21,054$39,214
Buildings-$23,600$23,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tanis L StanfieldExecutive DiFT$90,333$90,333

Board Members and Trustees

NameTitle
Rosemary TynerPresident
Marilyn RansomSecretary
Glen StanfieldVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$39,000
Program Service Revenue
$670,435
Investment Income
$15
Other Revenue
$3,887
All Other Contributions
$39,000
Change in Net Assets
$-106,708

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 AmountValuation Method
Other Non Cash Contri Table1$39,000Fair Market Value (FMV)
Total Noncash Contributions1$39,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$713,337
Total Revenue per Audited Statements
$713,337
Total Revenue per Form 990
$713,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$475,647
Other Expenses$344,398
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$378,962$61,691-$440,653
Occupancy$187,412--$187,412
Other Employee Benefits$31,145$3,849-$34,994
Fees for Services Accounting-$19,490-$19,490
Fees for Services Other$9,602--$9,602
Other Expenses$4,075$15,753-$4,075
Depreciation Depletion$3,687--$3,687
All Other Expenses$418$1,671-$2,089
Travel$40--$40
Total Functional Expenses$714,234$105,811$0$820,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$820,045
Total Expenses per Audited Statements$820,045
Total Expenses per Form 990$820,045
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Peachwood StationExec. DirectorBuilding LeaseNo$117,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Loan$111,233
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 35% controlled entity
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
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, Page 6, Part VI, Line 2

Tanis l. Stanfield - exec director glen stanfield - board member married

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

Form 990 is reviewed and approved by the board before filing the return with the irs.

Form 990, Page 6, Part VI, Line 12C

The following are used to monitor and enforce compliance: written conflict of interest policy and related party questionnaire. Members abstain from voting if conflict exists. Glen stanfield, vice president, and tanis stanfield, executive director, are married.

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

Review committee considers comparable salaries. Salary determination is based on necessary credentials and responsibilities of the role.

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

Review committee considers comparable salaries. Salary determination is based on necessary credentials and responsibilities of the role.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available via finance first public hearing.

Filing and Contact Details

Filer

Filer Name
Comquest Academy
EIN
76-0604071
Phone
2815160611
Address
207 NORTH PEACH STREET, TOMBALL, TX 77375

Signing Officer

Name
Tanis L Stanfield
Title
Executive Director
Phone
2815160611
Signed
2021-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tanis L Stanfield
Formed
1999
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
17
Volunteers
10

Preparer

Firm
The Ray Tax Group
Address
600 GULF FWY STE 226, TEXAS CITY, TX 77591-2800
Preparer
Lydia Inaba Cook CPA
Phone
4099484406
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

The board of directors and the executive director assume responsibility for oversight of the audit.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

Raw XML Appendix367 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1COMQUEST ACADEMY OPERATES AS A PUBLIC CHARTER SCHOOL IN TEXAS AND, AS SUCH, RECEIVES REVENUE FROM THE TEXAS EDUCATION AGENCY AND RELATED STATE AND FEDERAL AGENCIES AS ENTITLEMENTS AND/OR GRANTS.
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PEACHWOOD STATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXEC. DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0117000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BUILDING LEASE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0DURING FISCAL YEAR 2020, THERE WERE RELATED PARTY TRANSACTIONS FOR THE ACADEMY WITH PEACHWOOD STATION, LLC, WHICH IS OWNED BY GLENN AND TANIS STANFIELD. GLENN STANFIELD IS A SCHOOL BOARD MEMBER OF THE CHARTER HOLDER AND TANIS STANFIELD IS THE EXECUTIVE DIRECTOR/CEO OF THE CHARTER HOLDER. A TOTAL OF 117,000 WAS PAID TO PEACHWOOD STATION, LLC DURING THE YEAR.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0IN-KIND LEASE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt039000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0PEACHWOOD STATION PROVIDED FREE RENT IN THE AMOUNT OF 39,000 WHICH IS CONSIDERED AN IN-KIND DONATION.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TANIS L. STANFIELD - EXEC DIRECTOR GLEN STANFIELD - BOARD MEMBER MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AND APPROVED BY THE BOARD BEFORE FILING THE RETURN WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOLLOWING ARE USED TO MONITOR AND ENFORCE COMPLIANCE: WRITTEN CONFLICT OF INTEREST POLICY AND RELATED PARTY QUESTIONNAIRE. MEMBERS ABSTAIN FROM VOTING IF CONFLICT EXISTS. GLEN STANFIELD, VICE PRESIDENT, AND TANIS STANFIELD, EXECUTIVE DIRECTOR, ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW COMMITTEE CONSIDERS COMPARABLE SALARIES. SALARY DETERMINATION IS BASED ON NECESSARY CREDENTIALS AND RESPONSIBILITIES OF THE ROLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW COMMITTEE CONSIDERS COMPARABLE SALARIES. SALARY DETERMINATION IS BASED ON NECESSARY CREDENTIALS AND RESPONSIBILITIES OF THE ROLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE VIA FINANCE FIRST PUBLIC HEARING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0110938
IRS990/TotalAssetsEOYAmt0171905
IRS990/TotalAssetsGrp/BOYAmt0110938
IRS990/TotalAssetsGrp/EOYAmt0171905
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt039000
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105811
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0714234
IRS990/TotalFunctionalExpensesGrp/TotalAmt0820045
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050312
IRS990/TotalLiabilitiesEOYAmt0217987
IRS990/TotalLiabilitiesGrp/BOYAmt050312
IRS990/TotalLiabilitiesGrp/EOYAmt0217987
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt060626
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-46082
IRS990/TotalProgramServiceExpensesAmt0714234
IRS990/TotalProgramServiceRevenueAmt0670435
IRS990/TotalReportableCompFromOrgAmt090333
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0674322
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0713337
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0110938
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0171905
IRS990/TravelGrp/ProgramServicesAmt040
IRS990/TravelGrp/TotalAmt040
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0207 NORTH PEACH STREET
IRS990/USAddress/CityNm0TOMBALL
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077375
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.COMQUESTACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TANIS L STANFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02815160611
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMQUEST ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0COMQ
ReturnHeader/Filer/EIN0760604071
ReturnHeader/Filer/PhoneNum02815160611
ReturnHeader/Filer/USAddress/AddressLine1Txt0207 NORTH PEACH STREET
ReturnHeader/Filer/USAddress/CityNm0TOMBALL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077375
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0451629945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE RAY TAX GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 GULF FWY STE 226
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TEXAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0775912800
ReturnHeader/PreparerPersonGrp/PhoneNum04099484406
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYDIA INABA COOK CPA
ReturnHeader/ReturnTs02021-07-14T16:41:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.58$0.42$1.04$0.69$0.35
2023Summary only. Only limited summary data is available for this year.$0.80$0.73$0.07$0.68$0.62$0.06
2022Summary only. Only limited summary data is available for this year.$0.12$0.10$0.02$0.66$0.69$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.13$0.04$0.82$0.74$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.22$0.05$0.71$0.82$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.05$0.06$0.86$0.91$0.05
2018Summary only. Only limited summary data is available for this year.$0.14$0.03$0.11$0.77$0.79$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.03$0.13$0.75$0.77$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.16$0.77$0.68$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.02$0.07$0.86$0.70$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.25$0.09$0.72$0.80$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.18$0.02$0.91
2012Summary only. Only limited summary data is available for this year.$0.27$0.14$0.13$0.86$0.90$0.04
2011Summary only. Only limited summary data is available for this year.$0.34$0.16$0.18$0.97$0.93$0.04