Civic Intelligence

Carlsbad Industrial Action Inc

990 • Fiscal year 2018 • EIN 85-6014972

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

Organization ProfileWWW.DEVELOPCARLSBAD.ORG

View Organization Page

400-2 Cascades Avenue 201Carlbad, NM 88220

(575) 887-6562

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

0.06x

Higher debt load relative to revenue than 30% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

67th percentile

8.4%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$124,889

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

29th percentile

-3.4%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

42%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$2,488,539

Down $88,664 (-3.4%) from 2017

Net Assets

Up

$2,435,774

Up $72,462 (+3.1%) from 2017

Liabilities

Down

$52,765

Down $161,126 (-75%) from 2017

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin67th percentile

Revenue

Up

$862,073

Up $257,002 (+42%) from 2017

Expenses

Down

$789,611

Down $2,746 (-0.3%) from 2017

Net Income

Up

$72,462

Up $259,748 (+139%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,765,339Liabilities 2016: $214,741Net Assets 2016: $2,550,5982016Assets 2017: $2,577,203Liabilities 2017: $213,891Net Assets 2017: $2,363,3122017Assets 2018: $2,488,539Liabilities 2018: $52,765Net Assets 2018: $2,435,7742018Assets 2019: $2,247,590Liabilities 2019: $51,080Net Assets 2019: $2,196,5102019Assets 2020: $2,308,827Liabilities 2020: $66,969Net Assets 2020: $2,241,8582020Assets 2021: $2,518,008Liabilities 2021: $87,280Net Assets 2021: $2,430,7282021Assets 2022: $2,685,427Liabilities 2022: $159,295Net Assets 2022: $2,526,1322022Assets 2023: $2,318,543Liabilities 2023: $54,380Net Assets 2023: $2,264,1632023Assets 2024: $2,247,673Liabilities 2024: $255,584Net Assets 2024: $1,992,0892024

Highlighted filing

2018

Assets$2,488,539
Liabilities$52,765
Net Assets$2,435,774
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $831,411Expenses 2016: $650,324Net Income 2016: $181,0872016Revenue 2017: $605,071Expenses 2017: $792,357Net Income 2017: -$187,2862017Revenue 2018: $862,073Expenses 2018: $789,611Net Income 2018: $72,4622018Revenue 2019: $881,664Expenses 2019: $941,219Net Income 2019: -$59,5552019Revenue 2020: $1,062,839Expenses 2020: $1,017,491Net Income 2020: $45,3482020Revenue 2021: $940,607Expenses 2021: $751,727Net Income 2021: $188,8802021Revenue 2022: $903,011Expenses 2022: $807,607Net Income 2022: $95,4042022Revenue 2023: $777,531Expenses 2023: $877,741Net Income 2023: -$100,2102023Revenue 2024: $788,288Expenses 2024: $999,862Net Income 2024: -$211,5742024

Highlighted filing

2018

Revenue$862,073
Expenses$789,611
Net Income$72,462
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$862,073
Mission and Program Overview

Mission

To promote the economic and general welfare of all of the citizens of the city of carlsbad, new mexico, through the active solicitation and movement of new business and industry to carlsbad and vicinity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,755,731$1,037,951▼ $717,780
Land, Buildings, and Equipment, Net$745,906$674,556▼ $71,350
Accounts Receivable$50,922$60,436▲ $9,514
Prepaid Expenses and Deferred Charges$5,830$32,475▲ $26,645
Other Notes and Loans Receivable, Net$16,046$13,816▼ $2,230
Total Assets$2,577,203$2,488,539▼ $88,664
Other Assets Total$2,768$669,305▲ $666,537
Liabilities
Other Liabilities$196,774$44,403▼ $152,371
Accounts Payable and Accrued Expenses$17,117$8,362▼ $8,755
Total Liabilities$213,891$52,765▼ $161,126
Net Assets / Fund Balance
Unrestricted Net Assets$2,300,297$2,361,986▲ $61,689
Temporarily Rstr Net Assets$63,015$73,788▲ $10,773
Total Net Assets Fund Balance$2,363,312$2,435,774▲ $72,462
Total Liabilities and Net Assets / Fund Balance$2,577,203$2,488,539▼ $88,664

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$605,230$318,867$924,097
Land$69,326-$69,326
Other Assets Org$669,305--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleBaseTotal
John WatersExecutive Di$124,889$124,889

Board Members and Trustees

NameTitle
Danny CrossPresident
Allan DavisDirector
Amit BhaktaDirector
Bob ForrestDirector
Bruce CovertDirector
Cathy HibbsDirector
Cliff StroudDirector
Clint WilliamsonDirector
Cory YatesDirector
Dale JanwayDirector
David ShoupDirector
Debra HicksDirector
Erika LaneyDirector
Henry WatersDirector
Jay JenkinsDirector
Jim JohnsonDirector
Jody KnoxDirector
Jon GrattonDirector
Kristin DittoDirector
Mark ChristensenDirector
Mark SchinnererDirector
Ned ElkinsDirector
Pace MarjoDirector
Paul GillDirector
Robert BaldridgeDirector
Robert GiffordDirector
Russell HardyDirector
Stella DavisDirector
Terry MullinsDirector
Valerie MurrillDirector
Dick DossCity Represe
Susan CrockettPast Preside
Larry MitchellTreasurer
Craig StephensVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$755,869
Program Service Revenue
$0
Investment Income
$5,111
Other Revenue
$101,093
All Other Contributions
$238,950
Change in Net Assets
$72,462

Audited Revenue Reconciliation

Revenue per Audited Statements
$862,073
Total Revenue per Audited Statements
$862,073
Total Revenue per Form 990
$862,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$409,555
Other Expenses$380,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$144,197$178,652-$322,849
Occupancy$12,921$62,746-$75,667
Depreciation Depletion$4,401$57,922-$62,323
Other Employee Benefits$23,371$33,107-$56,478
All Other Expenses$17,712$21,372-$39,084
Payroll Taxes$14,802$15,426-$30,228
Fees for Services Accounting-$28,419-$28,419
Travel$6,497$17,799-$24,296
Other Expenses$244$16,121-$16,365
Advertising$12,796$612-$13,408
Insurance-$6,853-$6,853
Information Technology$1,518$920-$2,438
Office Expenses-$933-$933
Total Functional Expenses$329,999$459,612$0$789,611

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$789,611
Total Expenses per Audited Statements$789,611
Total Expenses per Form 990$789,611
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
Accrued Expenses$44,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Page 6, Part VI, Line 11B

“The federal form 990 and annual audit report are presented at an exit conference with the board president and the executive director. The executive director presents the federal form 990 and annual audit report to the board of directors at the next scheduled board meeting.”

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

“YES”

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

“The board of directors annualy approve all compensation and merit base adjustments for all employess.”

Form 990, Page 6, Part VI, Line 19

“No documents are available to the public”

Filing and Contact Details

Filer

Filer Name
Carlsbad Industrial Action Inc
EIN
85-6014972
Phone
5758876562
Address
400-2 CASCADES AVENUE 201, CARLBAD, NM 88220
Doing Business As
Carlsbad Department of Development

Signing Officer

Name
Danny Cross
Title
President
Phone
5758876562
Signed
2018-11-12

Organization Details

Principal Officer
Danny Cross
Formed
1972
Legal Domicile
Nm
Voting Board Members
34
Independent Board Members
34
Employees
8

Preparer

Firm
David Fritschy CPA
Address
315 N CANAL ST STE B, CARLSBAD, NM 88220-5831
Preparer
David Fritschy
Phone
5752341612
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CITY REPRESE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt31VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt32PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt33TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt34EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt034
IRS990/GovernmentGrantsAmt0348917
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0862073
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt034
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0920
IRS990/InformationTechnologyGrp/ProgramServicesAmt01518
IRS990/InformationTechnologyGrp/TotalAmt02438
IRS990/InsuranceGrp/ManagementAndGeneralAmt06853
IRS990/InsuranceGrp/TotalAmt06853
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05111
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05111
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0318867
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0745906
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0674556
IRS990/LandBldgEquipCostOrOtherBssAmt0993423
IRS990/LegalDomicileStateCd0NM
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0168002
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt03618
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03618
IRS990/MissionDesc0TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF ALL OF THE CITIZENS OF THE CITY OF CARLSBAD, NEW MEXICO, THROUGH THE ACTIVE SOLICITATION AND MOVEMENT OF NEW BUSINESS AND INDUSTRY TO CARLSBAD AND VICINITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02363312
IRS990/NetAssetsOrFundBalancesEOYAmt02435774
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt062746
IRS990/OccupancyGrp/ProgramServicesAmt012921
IRS990/OccupancyGrp/TotalAmt075667
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0933
IRS990/OfficeExpensesGrp/TotalAmt0933
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02768
IRS990/OtherAssetsTotalGrp/EOYAmt0669305
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033107
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023371
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056478
IRS990/OtherExpensesGrp/Desc0MAYORS ECONOMIC DEVELOPM
IRS990/OtherExpensesGrp/Desc1CONTRACTUAL SERVICES
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3RECRUITMENT & INCENTIVES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02261
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116469
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt216121
IRS990/OtherExpensesGrp/ProgramServicesAmt071979
IRS990/OtherExpensesGrp/ProgramServicesAmt119561
IRS990/OtherExpensesGrp/ProgramServicesAmt2244
IRS990/OtherExpensesGrp/TotalAmt071979
IRS990/OtherExpensesGrp/TotalAmt121822
IRS990/OtherExpensesGrp/TotalAmt216469
IRS990/OtherExpensesGrp/TotalAmt316365
IRS990/OtherLiabilitiesGrp/BOYAmt0196774
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IRS990/OtherRevenueMiscGrp/Desc0MAYOR'S ENERGY SUMMIT
IRS990/OtherRevenueMiscGrp/Desc1MISC
IRS990/OtherRevenueMiscGrp/Desc2REIMBURSEMENTS
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt128156
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt219319
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt128156
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt219319
IRS990/OtherRevenueTotalAmt0101093
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0178652
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0144197
IRS990/OtherSalariesAndWagesGrp/TotalAmt0322849
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt016046
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013816
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015426
IRS990/PayrollTaxesGrp/ProgramServicesAmt014802
IRS990/PayrollTaxesGrp/TotalAmt030228
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05830
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032475
IRS990/PrincipalOfficerNm0DANNY CROSS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0CASCADES RIVERWALK: THE CASCADES AT CARLSBAD IS AN OPEN-AIR MARKET PLACE WITH OVER 650,000 SQUARE FEET AVAILABLE FOR DEVELOPMENT. THE CASCADES WILL OFFER RETAIL, DINING,AND ENTERTAINMENT VENUES AT THE GROUND LEVEL AND OFFICE SPACE ON THE UPPER FLOORS. THERE ARE PLANS TO HAVE UPSCALE HOTELS AND FAMILY ENTERTAINMENT CENTERS WITHIN THE PROJECT CREATING A UNIQUE EXPERIENCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt036957
IRS990/ProgSrvcAccomActy3Grp/Desc0LOCAL DEVELOPMENT: THE PROGRAM SERVICES GOALS ARE TO PROMOTE LOCAL BUSINESS IN CARLSBAD AND SOUTH EDDY COUNTY. THE PROGRAM ASSISTS THE BUSINESS COMMUNITY IN THE PROMOTION OF COMMERCIAL AND COMMUNITY ENDEAVORS. IN ADDITION, THE LOCAL DEVELOPMENT SERVICES ARE DESIGNED TO ENHANCE THE SUCCESS OF EXISTING BUSINESSES AND ASSIST RESIDENTS WHO ARE THINKING ABOUT OPENING THEIR OWN BUSINESS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt069926
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0592877
IRS990/PYInvestmentIncomeAmt04166
IRS990/PYOtherExpensesAmt0401037
IRS990/PYOtherRevenueAmt08028
IRS990/PYRevenuesLessExpensesAmt0-187286

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,488,539
Liabilities
$52,765
Net assets
$2,435,774
Revenue
$862,073
Expenses
$789,611
Net income
$72,462
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.26$1.99$0.79$1.00$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.05$2.26$0.78$0.88$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$0.16$2.53$0.90$0.81$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.09$2.43$0.94$0.75$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.07$2.24$1.06$1.02$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.05$2.20$0.88$0.94$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.49$0.05$2.44$0.86$0.79$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$0.21$2.36$0.61$0.79$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.21$2.55$0.83$0.65$0.18