Civic Intelligence

Lake Eldora Racing Team Association

990 • Fiscal year 2020 • EIN 84-0707228

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 10, 2021

1750-1 30th St Unit 431Boulder, CO 80301

(303) 447-8014

Siviq Scores

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

Liabilities / Assets

70th percentile

0.30x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.13x

Higher debt load relative to revenue than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

31st percentile

-3.0%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$133,557

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-8.6%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$441,447

Up $72,680 (+20%) from 2019

Net Assets

Down

$310,110

Down $30,990 (-9.1%) from 2019

Liabilities

Up

$131,337

Up $103,670 (+375%) from 2019

Revenue

Down

$1,018,121

Down $95,554 (-8.6%) from 2019

Expenses

Down

$1,049,005

Down $114,697 (-9.9%) from 2019

Net Income

Up

-$30,884

Up $19,143 (+38%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2011: $60,507Liabilities 2011: $2,114Net Assets 2011: $58,3932011Assets 2012: $135,599Liabilities 2012: $1,037Net Assets 2012: $134,5622012Assets 2013: $202,615Liabilities 2013: -$3,832Net Assets 2013: $206,4472013Assets 2014: $270,363Liabilities 2014: $3,574Net Assets 2014: $266,7892014Assets 2015: $331,792Liabilities 2015: $20,681Net Assets 2015: $311,1112015Assets 2016: $363,522Liabilities 2016: $20,100Net Assets 2016: $343,4222016Assets 2017: $384,167Liabilities 2017: $6,164Net Assets 2017: $378,0032017Assets 2018: $394,619Liabilities 2018: $12,903Net Assets 2018: $381,7162018Assets 2019: $368,767Liabilities 2019: $27,667Net Assets 2019: $341,1002019Assets 2020: $441,447Liabilities 2020: $131,337Net Assets 2020: $310,1102020Assets 2021: $781,571Liabilities 2021: $2,061Net Assets 2021: $779,5102021Assets 2022: $762,062Liabilities 2022: $373Net Assets 2022: $761,6892022Assets 2023: $602,869Liabilities 2023: $877Net Assets 2023: $601,9922023Assets 2024: $499,354Liabilities 2024: $1,197Net Assets 2024: $498,1572024

Highlighted filing

2020

Assets$441,447
Liabilities$131,337
Net Assets$310,110

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $504,034Expenses 2011: $489,586Net Income 2011: $14,4482011Revenue 2012: $589,603Expenses 2012: $513,434Net Income 2012: $76,1692012Revenue 2013: $657,668Expenses 2013: $585,783Net Income 2013: $71,8852013Revenue 2014: $734,949Expenses 2014: $674,607Net Income 2014: $60,3422014Revenue 2015: $778,064Expenses 2015: $733,472Net Income 2015: $44,5922015Revenue 2016: $885,939Expenses 2016: $853,628Net Income 2016: $32,3112016Revenue 2017: $1,015,156Expenses 2017: $994,358Net Income 2017: $20,7982017Revenue 2018: $1,066,886Expenses 2018: $1,041,261Net Income 2018: $25,6252018Revenue 2019: $1,113,675Expenses 2019: $1,163,702Net Income 2019: -$50,0272019Revenue 2020: $1,018,121Expenses 2020: $1,049,005Net Income 2020: -$30,8842020Revenue 2021: $1,479,767Expenses 2021: $1,010,367Net Income 2021: $469,4002021Revenue 2022: $1,312,934Expenses 2022: $1,330,755Net Income 2022: -$17,8212022Revenue 2023: $1,161,913Expenses 2023: $1,321,610Net Income 2023: -$159,6972023Revenue 2024: $1,456,806Expenses 2024: $1,560,641Net Income 2024: -$103,8352024

Highlighted filing

2020

Revenue$1,018,121
Expenses$1,049,005
Net Income-$30,884
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 10, 2021
Return Version
2019v5.0
Gross Receipts
$1,044,500
Mission and Program Overview

Mission

Youth outdoor education, sports and sportsmanship. Winter program includes ski and snowboard sacing and competition. Summer season includes mountain biking and dryland training preparation for the winter season. Programs exist for ages 6-22.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$318,822$315,825▼ $2,997
Rtn Earn Endowment Incm Other Fnds$340,994$310,110▼ $30,884
Cash and Non-Interest-Bearing Accounts$49,839$125,622▲ $75,783
Total Assets$368,661$441,447▲ $72,786
Liabilities
Unsecured Notes Loans Payable-$124,900-
Accounts Payable and Accrued Expenses$27,667$6,437▼ $21,230
Total Liabilities$27,667$131,337▲ $103,670
Net Assets / Fund Balance
Total Net Assets Fund Balance$340,994$310,110▼ $30,884
Total Liabilities and Net Assets / Fund Balance$368,661$441,447▲ $72,786
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt TomaskoExecutive DiFT$102,681$30,876$133,557

Board Members and Trustees

NameTitle
Jonathan LantzPresident
Chris MunroDirector
Connie SciolinoDirector
Peter TrollerDirector
Sam BassDirector
Mery Beth ReeceSecretary
Kevin GawenusTreasurer
Mike MccueVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$52,550
Program Service Revenue
$898,590
Investment Income
$1,888
Other Revenue
$65,093
All Other Contributions
$52,550
Change in Net Assets
$-30,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$774,946
Other Expenses$274,059
Total Fundraising Expense$42,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$541,173$11,859$7,906$560,938
Current Officers, Directors, Trustees, and Key Employees$56,475$25,670$20,536$102,681
Other Employee Benefits$37,819$10,361$3,627$51,807
Office Expenses$30,977$15,489$5,163$51,629
Payroll Taxes$45,762$2,077$865$48,704
Insurance$37,245$4,139-$41,384
Other Expenses$22,860$1,203$1,079$24,063
Occupancy$6,628$4,820$602$12,050
Pension Plan Contributions$5,949$2,704$2,163$10,816
Fees for Services Accounting$4,647$2,324$774$7,745
Information Technology$3,868$1,658-$5,526
Advertising$758--$758
Conferences and Meetings$362$68$22$452
Total Functional Expenses$922,278$83,990$42,737$1,049,005
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,077
Fundraising Direct Expenses$6,773
Gaming Gross Income$1,055
Gaming Direct Expenses$75
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Core Program$82,077$82,077$6,773$75,304
Total Events$82,077$82,077$6,773$75,304
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 6

The organization is a membership based organization which each enrolled athlete considered a member.

Form 990, Page 6, Part VI, Line 7A

The membership of our organization (or the parents of each enrolled athlete under age 18) have one vote per child in the annual vote for our board of directors, board members serve two year terms.

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

Tax forms are distributed to the board of directors for review prior to submission to the irs and are made availiable to the public upon request.

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

The executive director performs an annual review of all staff and compensation recomendations are then forwarded to the board of directors, the board of directors performs an annual review of compensation determination of the executive director.

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

The executive director performs an annual review of all staff and compensation recomendations are then forwarded to the board of directors, the board of directors performs an annual review of compensation determination of the executive director.

Form 990, Page 6, Part VI, Line 19

All tax related documents, budget summary documents, monthly financial statemetns and budget comparisons, rules and regulations, board of directors handbook and agreements are available for public inspection at our principal place of business upon request.

Filing and Contact Details

Filer

Filer Name
Lake Eldora Racing Team
EIN
84-0707228
Phone
3034478014
Address
1750-1 30TH ST UNIT 431, BOULDER, CO 80301
Doing Business As
Eldora Mountain Ski Club

Signing Officer

Name
Kevin Gawenus
Title
Treasurer
Phone
3034478014
Signed
2021-06-10

Organization Details

Principal Officer
Matt Tomasko
Formed
1975
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
110
Volunteers
280

Preparer

Firm
Griffin & Linsenmeyer Pc
Address
5387 MANHATTAN CIR STE 101, BOULDER, CO 80303
Preparer
Corey B Linsenmeyer
Phone
3035438868
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

Singletrack mountain bike adventures

FORM 990 - ORGANIZATION'S MISSION

Youth outdoor education, sports and sportsmanship. Winter program includes ski and snowboard sacing and competition. Summer season includes mountain biking and dryland training preparation for the winter season. Programs exist for ages 6-22.

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

Snowboard and slopestyle programs: consisted of 30 enrolled athletes and several -drop-in' athletes, participating in the november through april winter program. The program focuses on skill development along with technical and tactical progressions during the week and weekends. The alpine snowboard program is focused on youth development in giant slalom, slalom, and snowboard cross disciplines. Athletes compete at the regional and national levels. The program is staffed by seasonal part time coaches except for a year round director.

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IRS990/ProgramServiceRevenueGrp/Desc0CORE PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1JUNIOR RACE PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc2SMBA PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAMS
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IRS990/ProgSrvcAccomActy2Grp/Desc0JUNIOR RACE PROGRAM: IS COMPRISED OF YOUTH ATHLETES AGES 6-13, PARTICIPATING IN A 14 WEEK SATURDAY PROGRAM OPERATING DECEMBER THROUGH MARCH. ENROLLMENT WAS 180 MEMBERS DURING THE 2019-20 SEASON, WITH COMPETITIONS ON SUNDAYS. THE GOAL OF THE PROGAM FOCUSES ON INTRODUCTORY ALPINE COMPETITION SKILLS AND GIANT SLALOM TECHNIQUE. THE PROGRAM IS STAFFED BY SEASONAL PART TIME COACHES AND VOLUNTEERS EXCEPT FOR A YEAR ROUND DIRECTOR.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0306596
IRS990/ProgSrvcAccomActy3Grp/Desc0SMBA PROGRAM (DBA, SINGLETRACK MOUNTAIN BIKE ADVENTURES): PROMOTES PHYSICAL FITNESS, SKILL DEVELOPMENT AND EXPOSURE TO COMPETITIVE MOUNTAIN BIKE RACING. ENROLLMENT FOR THE 2019-20 SEASONS WAS 84 PART-TIME AND FULL TIME TEAM PARTICIPANTS AND 240 WEEKLY CAMP PARTICIPANTS. SPRING TEAM WAS CANCELLED DUE TO THE PANDEMIC AND OUR SUMMER PROGRAMS WERE LIMITED BY TRAIL USAGE. SUMMER CAMP PROGRAMS COMPLEMENT THE ALPINE PROGRAMS FOR YEAR-ROUND CONDITIONING AND ATHLETIC OPPORTUNITIES FOR YOUTH IN SPORT. THE PROGRAMS ARE STAFFED BY FULL TIME, YEAR ROUND AS WELL AS SEASONAL FULL TIME AND PART TIME COACHES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0236511
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0170043
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SNOWBOARD AND SLOPESTYLE PROGRAMS: CONSISTED OF 30 ENROLLED ATHLETES AND SEVERAL -DROP-IN' ATHLETES, PARTICIPATING IN THE NOVEMBER THROUGH APRIL WINTER PROGRAM. THE PROGRAM FOCUSES ON SKILL DEVELOPMENT ALONG WITH TECHNICAL AND TACTICAL PROGRESSIONS DURING THE WEEK AND WEEKENDS. THE ALPINE SNOWBOARD PROGRAM IS FOCUSED ON YOUTH DEVELOPMENT IN GIANT SLALOM, SLALOM, AND SNOWBOARD CROSS DISCIPLINES. ATHLETES COMPETE AT THE REGIONAL AND NATIONAL LEVELS. THE PROGRAM IS STAFFED BY SEASONAL PART TIME COACHES EXCEPT FOR A YEAR ROUND DIRECTOR.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0278,892
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0893247
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0808154
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02036
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt052550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt069334
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt051274
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt078696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt049905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0301759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01888
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01029501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0899896
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05130064
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt082077
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SINGLETRACK MOUNTAIN BIKE ADVENTURES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YOUTH OUTDOOR EDUCATION, SPORTS AND SPORTSMANSHIP. WINTER PROGRAM INCLUDES SKI AND SNOWBOARD SACING AND COMPETITION. SUMMER SEASON INCLUDES MOUNTAIN BIKING AND DRYLAND TRAINING PREPARATION FOR THE WINTER SEASON. PROGRAMS EXIST FOR AGES 6-22.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SNOWBOARD AND SLOPESTYLE PROGRAMS: CONSISTED OF 30 ENROLLED ATHLETES AND SEVERAL -DROP-IN' ATHLETES, PARTICIPATING IN THE NOVEMBER THROUGH APRIL WINTER PROGRAM. THE PROGRAM FOCUSES ON SKILL DEVELOPMENT ALONG WITH TECHNICAL AND TACTICAL PROGRESSIONS DURING THE WEEK AND WEEKENDS. THE ALPINE SNOWBOARD PROGRAM IS FOCUSED ON YOUTH DEVELOPMENT IN GIANT SLALOM, SLALOM, AND SNOWBOARD CROSS DISCIPLINES. ATHLETES COMPETE AT THE REGIONAL AND NATIONAL LEVELS. THE PROGRAM IS STAFFED BY SEASONAL PART TIME COACHES EXCEPT FOR A YEAR ROUND DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS A MEMBERSHIP BASED ORGANIZATION WHICH EACH ENROLLED ATHLETE CONSIDERED A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MEMBERSHIP OF OUR ORGANIZATION (OR THE PARENTS OF EACH ENROLLED ATHLETE UNDER AGE 18) HAVE ONE VOTE PER CHILD IN THE ANNUAL VOTE FOR OUR BOARD OF DIRECTORS, BOARD MEMBERS SERVE TWO YEAR TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX FORMS ARE DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION TO THE IRS AND ARE MADE AVAILIABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE EXECUTIVE DIRECTOR PERFORMS AN ANNUAL REVIEW OF ALL STAFF AND COMPENSATION RECOMENDATIONS ARE THEN FORWARDED TO THE BOARD OF DIRECTORS, THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF COMPENSATION DETERMINATION OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE EXECUTIVE DIRECTOR PERFORMS AN ANNUAL REVIEW OF ALL STAFF AND COMPENSATION RECOMENDATIONS ARE THEN FORWARDED TO THE BOARD OF DIRECTORS, THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF COMPENSATION DETERMINATION OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ALL TAX RELATED DOCUMENTS, BUDGET SUMMARY DOCUMENTS, MONTHLY FINANCIAL STATEMETNS AND BUDGET COMPARISONS, RULES AND REGULATIONS, BOARD OF DIRECTORS HANDBOOK AND AGREEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT OUR PRINCIPAL PLACE OF BUSINESS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalAssetsGrp/BOYAmt0368661
IRS990/TotalAssetsGrp/EOYAmt0441447

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$1.46$1.56$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$1.16$1.32$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$1.31$1.33$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.00$0.78$1.48$1.01$0.47
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.13$0.31$1.02$1.05$0.03
2019Summary only. Only limited summary data is available for this year.$0.37$0.03$0.34$1.11$1.16$0.05
2018Summary only. Only limited summary data is available for this year.$0.39$0.01$0.38$1.07$1.04$0.03
2017Summary only. Only limited summary data is available for this year.$0.38$0.01$0.38$1.02$0.99$0.02
2016Summary only. Only limited summary data is available for this year.$0.36$0.02$0.34$0.89$0.85$0.03
2015Summary only. Only limited summary data is available for this year.$0.33$0.02$0.31$0.78$0.73$0.04
2014Summary only. Only limited summary data is available for this year.$0.27$0.00$0.27$0.73$0.67$0.06
2013Summary only. Only limited summary data is available for this year.$0.20$0.00$0.21$0.66$0.59$0.07
2012Summary only. Only limited summary data is available for this year.$0.14$0.00$0.13$0.59$0.51$0.08
2011Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.50$0.49$0.01