Civic Intelligence

Arkansas Chapter of Phi Mu Fraternity House Corp

990 • Fiscal year 2020 • EIN 82-0719123

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

Organization Profile
792 W MapleFayetteville, AR 72701

(918) 671-7343

Siviq Scores

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

Liabilities / Assets

96th percentile

0.91x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

9.36x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2020

Net Margin

7th percentile

-18%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

10th percentile

$40,500

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2020 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

$12,509,392

No earlier filing loaded for comparison.

Net Assets

$1,107,324

No earlier filing loaded for comparison.

Liabilities

$11,402,068

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

$1,218,613

No earlier filing loaded for comparison.

Expenses

$1,435,831

No earlier filing loaded for comparison.

Net Income

-$217,218

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0Assets 2020: $12,509,392Liabilities 2020: $11,402,068Net Assets 2020: $1,107,3242020Assets 2021: $12,092,358Liabilities 2021: $11,048,310Net Assets 2021: $1,044,0482021Assets 2022: $11,817,614Liabilities 2022: $10,530,781Net Assets 2022: $1,286,8332022Assets 2023: $11,567,179Liabilities 2023: $10,287,690Net Assets 2023: $1,279,4892023Assets 2024: $11,692,357Liabilities 2024: $9,669,081Net Assets 2024: $2,023,2762024Assets 2025: $11,702,813Liabilities 2025: $9,337,947Net Assets 2025: $2,364,8662025

Highlighted filing

2020

Assets$12,509,392
Liabilities$11,402,068
Net Assets$1,107,324
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,218,613Expenses 2020: $1,435,831Net Income 2020: -$217,2182020Revenue 2021: $1,387,844Expenses 2021: $1,451,121Net Income 2021: -$63,2772021Revenue 2022: $1,733,688Expenses 2022: $1,490,903Net Income 2022: $242,7852022Revenue 2023: $1,540,050Expenses 2023: $1,547,395Net Income 2023: -$7,3452023Revenue 2024: $2,302,722Expenses 2024: $1,558,934Net Income 2024: $743,7882024Revenue 2025: $1,939,898Expenses 2025: $1,598,309Net Income 2025: $341,5892025

Highlighted filing

2020

Revenue$1,218,613
Expenses$1,435,831
Net Income-$217,218
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$1,218,613
Mission and Program Overview

Mission

To provide affordable housing, meals and leadership opportunities to the phi mu fraternity members at the university of arkansas

To provide affordable housing to the phi mu fraternity members at the university of arkansas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,177,696$11,829,203▼ $348,493
Cash and Non-Interest-Bearing Accounts$592,647$678,442▲ $85,795
Prepaid Expenses and Deferred Charges$143$747▲ $604
Total Assets$12,771,486$12,509,392▼ $262,094
Other Assets Total$1,000$1,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,581,940$9,399,513▼ $182,427
Other Liabilities$1,865,003$1,851,655▼ $13,348
Unsecured Notes Loans Payable-$150,900-
Total Liabilities$11,446,943$11,402,068▼ $44,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,324,543$1,107,324▼ $217,219
Total Net Assets Fund Balance$1,324,543$1,107,324▼ $217,219
Total Liabilities and Net Assets / Fund Balance$12,771,486$12,509,392▼ $262,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,527,303$614,789$12,142,092
Other Land Buildings$301,900$98,324$400,224
Other Assets Org$1,000--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleBaseTotal
Donna StallardKey Employee$40,500$40,500

Board Members and Trustees

NameTitle
Virginia CoxPresident
Lori Westerbarth MasonDirector
Robin Mchaney ShaddoxDirector
Suzann Miller WelchDirector
Tammy Jo Gibson NolanDirector
Carolyn Wren NalleySecretary
Cathy GatesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$1,167,008
Investment Income
$1,605
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$-217,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,389,528
Salaries, Compensation, and Employee Benefits$46,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$357,232--$357,232
Interest$355,952--$355,952
Other Expenses$87,451--$87,451
Office Expenses$47,933--$47,933
Other Salaries and Wages$42,950--$42,950
Payroll Taxes$3,353--$3,353
Total Functional Expenses$1,435,831$0$0$1,435,831
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
National House Corp$1,763,909
Deferred Revenue$61,496
Room Deposits$26,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

“Bylaw changes were approved by the Sole Member on June 29, 2020. The most substantive changes included: 1.Providing for annual meeting and board meetings to be held by teleconference or other electronic means2.Increasing the maximum number of board members to eleven3.Providing that director nominations be provided to the Nominating Committee no later than May 31 each year4.Modifying Board terms to be staggered and established three classes of directors with staggered terms”

Members or stockholder classes and rights Part VI line 6

“According to the bylaws, phi mu housing corporation is the sole member.”

Member election for additional members Part VI line 7A

“Member is authorized to nominate and approve directors.”

Governing body decisions Part VI line 7B

“Member is authorized to approve bylaw revisions.”

Form 990 governing body review Part VI line 11

“The form 990 is prepared by an independent cpa firm and reviewed by the organizations top officers prior to filing with the irs.”

Other officer or key employee compensation Part VI line 15B

“The president and treasurer evaluate the employees performance on an annual basis and determine any wage increases based on merit.”

Governing documents etc available to public Part VI line 19

“The governing documents, policies, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Arkansas Chapter of Phi Mu Fraternity
EIN
82-0719123
Address
792 W MAPLE, Fayetteville, AR 72701
Doing Business As
House Corporation

Signing Officer

Name
Cathy Gates
Title
Treasurer
Phone
9186717343
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia Cox
Formed
2017
Legal Domicile
Ar
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
1

Preparer

Firm
Lisa Lashley Higgins CPA
Address
111 N Church Avenue, Fayetteville, AR 72701
Preparer
Lisa Higgins
Phone
4794428731
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“ROUNDING”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Bylaw changes were approved by the Sole Member on June 29, 2020. The most substantive changes included: 1.Providing for annual meeting and board meetings to be held by teleconference or other electronic means2.Increasing the maximum number of board members to eleven3.Providing that director nominations be provided to the Nominating Committee no later than May 31 each year4.Modifying Board terms to be staggered and established three classes of directors with staggered terms
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCORDING TO THE BYLAWS, PHI MU HOUSING CORPORATION IS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBER IS AUTHORIZED TO NOMINATE AND APPROVE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBER IS AUTHORIZED TO APPROVE BYLAW REVISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATIONS TOP OFFICERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT AND TREASURER EVALUATE THE EMPLOYEES PERFORMANCE ON AN ANNUAL BASIS AND DETERMINE ANY WAGE INCREASES BASED ON MERIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHI MU FRATERNITY HOUSING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ALPHA BETA CHAPTER OF PH MU FRATERN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2PHI MU FRATERNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620798908
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1581380247
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2620533776
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501 C7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING CORPORATION FOR FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SOCIAL SORORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2FRATERNAL HEADQUARTERS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2400 WESTPARK DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Peachtree City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Fayetteville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Peachtree City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030269
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd172701
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd230269
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0LOANS FROM NATIONAL FRATERNITY
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Explanation of information on Schedule R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012771486
IRS990/TotalAssetsEOYAmt012509392
IRS990/TotalAssetsGrp/BOYAmt012771486
IRS990/TotalAssetsGrp/EOYAmt012509392
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt050000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01435831
IRS990/TotalFunctionalExpensesGrp/TotalAmt01435831
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011446943
IRS990/TotalLiabilitiesEOYAmt011402068
IRS990/TotalLiabilitiesGrp/BOYAmt011446943
IRS990/TotalLiabilitiesGrp/EOYAmt011402068
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01324543
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01107324
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01435831
IRS990/TotalProgramServiceRevenueAmt01167008
IRS990/TotalReportableCompFromOrgAmt040500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01168613
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01218613
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012771486
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012509392
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0150900
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0792 W MAPLE
IRS990/USAddress/CityNm0Fayetteville
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072701
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHY GATES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09186717343
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARKANSAS CHAPTER OF PHI MU FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0ARKA
ReturnHeader/Filer/EIN0820719123
ReturnHeader/Filer/USAddress/AddressLine1Txt0792 W MAPLE
ReturnHeader/Filer/USAddress/CityNm0Fayetteville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lisa Lashley Higgins CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 N Church Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fayetteville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072701
ReturnHeader/PreparerPersonGrp/PhoneNum04794428731
ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lisa Higgins
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-01-07T10:11:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,509,392
Liabilities
$11,402,068
Net assets
$1,107,324
Revenue
$1,218,613
Expenses
$1,435,831
Net income
-$217,218
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$9.34$2.36$1.94$1.60$0.34
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$9.67$2.02$2.30$1.56$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$10.3$1.28$1.54$1.55$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$10.5$1.29$1.73$1.49$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$11.0$1.04$1.39$1.45$0.06
2020Detailed filing. Detailed filing data is available for this year.$12.5$11.4$1.11$1.22$1.44$0.22