Civic Intelligence

Benton Community Foundation

990 • Fiscal year 2015 • EIN 93-6022916

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 11, 2016

660 NW Harrison BlvdCorvallis, OR 97339

(541) 753-1603

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$17,671,700

Flat from 2015

Net Assets

Flat

$17,229,450

Flat from 2015

Liabilities

Flat

$442,250

Flat from 2015

Revenue And Expenses

Revenue

Flat

$1,806,731

Flat from 2015

Expenses

Flat

$1,040,048

Flat from 2015

Net Income

Flat

$766,683

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $14,962,759Liabilities 2010: $2,870,399Net Assets 2010: $12,092,3602010Assets 2011: $14,168,886Liabilities 2011: $2,722,021Net Assets 2011: $11,446,8652011Assets 2012: $15,908,362Liabilities 2012: $2,843,515Net Assets 2012: $13,064,8472012Assets 2013: $17,916,548Liabilities 2013: $470,478Net Assets 2013: $17,446,0702013Assets 2014: $18,461,872Liabilities 2014: $532,209Net Assets 2014: $17,929,6632014Assets 2015: $17,671,700Liabilities 2015: $442,250Net Assets 2015: $17,229,4502015Assets 2015: $17,671,700Liabilities 2015: $442,250Net Assets 2015: $17,229,4502015Assets 2016: $20,375,035Liabilities 2016: $477,199Net Assets 2016: $19,897,8362016Assets 2017: $22,421,969Liabilities 2017: $569,834Net Assets 2017: $21,852,1352017Assets 2018: $19,590,839Liabilities 2018: $586,300Net Assets 2018: $19,004,5392018Assets 2019: $24,680,555Liabilities 2019: $723,580Net Assets 2019: $23,956,9752019Assets 2020: $27,865,121Liabilities 2020: $754,266Net Assets 2020: $27,110,8552020Assets 2021: $32,226,070Liabilities 2021: $1,509,931Net Assets 2021: $30,716,1392021Assets 2022: $30,122,190Liabilities 2022: $3,432,453Net Assets 2022: $26,689,7372022Assets 2023: $34,939,617Liabilities 2023: $4,189,595Net Assets 2023: $30,750,0222023Assets 2024: $38,073,900Liabilities 2024: $4,690,671Net Assets 2024: $33,383,2292024

Highlighted filing

2015

Assets$17,671,700
Liabilities$442,250
Net Assets$17,229,450

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $478,1292010Expenses 2011: $503,3312011Expenses 2012: $554,8002012Revenue 2013: $2,035,967Expenses 2013: $1,112,728Net Income 2013: $923,2392013Revenue 2014: $1,730,797Expenses 2014: $935,206Net Income 2014: $795,5912014Revenue 2015: $1,806,731Expenses 2015: $1,040,048Net Income 2015: $766,6832015Revenue 2015: $1,806,731Expenses 2015: $1,040,048Net Income 2015: $766,6832015Revenue 2016: $2,941,411Expenses 2016: $913,140Net Income 2016: $2,028,2712016Revenue 2017: $1,147,140Expenses 2017: $1,135,134Net Income 2017: $12,0062017Revenue 2018: $1,573,918Expenses 2018: $1,834,509Net Income 2018: -$260,5912018Revenue 2019: $5,103,586Expenses 2019: $1,273,360Net Income 2019: $3,830,2262019Revenue 2020: $3,472,787Expenses 2020: $1,752,014Net Income 2020: $1,720,7732020Revenue 2021: $3,908,715Expenses 2021: $1,841,075Net Income 2021: $2,067,6402021Revenue 2022: $3,953,490Expenses 2022: $2,307,353Net Income 2022: $1,646,1372022Revenue 2023: $3,678,969Expenses 2023: $2,472,831Net Income 2023: $1,206,1382023Revenue 2024: $4,459,865Expenses 2024: $2,752,005Net Income 2024: $1,707,8602024

Highlighted filing

2015

Revenue$1,806,731
Expenses$1,040,048
Net Income$766,683
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 11, 2016
Return Version
2015v2.1
Gross Receipts
$3,529,880
Mission and Program Overview

Mission

The foundation's mission is to enhance in our community through philanthropy.

Our mission is to invest in our community through philanthropy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,215,184$17,432,624▼ $782,560
Savings and Temporary Cash Investments$220,515$217,524▼ $2,991
Pledges and Grants Receivable-$9,833-
Land, Buildings, and Equipment, Net$7,903$5,896▼ $2,007
Prepaid Expenses and Deferred Charges$385$1,291▲ $906
Accounts Receivable$17,000$150▼ $16,850
Cash and Non-Interest-Bearing Accounts$10$7▼ $3
Total Assets$18,461,872$17,671,700▼ $790,172
Other Assets Total$875$4,375▲ $3,500
Liabilities
Escrow Account Liability$510,592$425,774▼ $84,818
Grants Payable-$8,319-
Accounts Payable and Accrued Expenses$21,617$8,157▼ $13,460
Total Liabilities$532,209$442,250▼ $89,959
Net Assets / Fund Balance
Permanently Rstr Net Assets$11,962,002$12,505,200▲ $543,198
Temporarily Rstr Net Assets$5,152,515$4,067,162▼ $1,085,353
Unrestricted Net Assets$815,146$657,088▼ $158,058
Total Net Assets Fund Balance$17,929,663$17,229,450▼ $700,213
Total Liabilities and Net Assets / Fund Balance$18,461,872$17,671,700▼ $790,172

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,896$7,144$13,040

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$17,261,848$632,523▼ $364,322-$16,700,256
2014$16,756,317$410,344▲ $721,487$13,260$17,261,848
2013$12,206,772$3,344,180▲ $2,122,522$25,576$16,756,317
2012$11,446,865$253,569▲ $1,496,434$545,120$12,206,772
2011$12,092,360$157,049▼ $299,213$294,948$11,446,865
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula GracePresident/CEOFT$75,300$9,671$84,971

Board Members and Trustees

NameTitle
Pat LamptonChair
Gerry KosanovicVice Chair
Alan LankerDirector
Alice Mills MorrowDirector
Cam LittleDirector
Dave GazeleyDirector
Ilene KleinsorgeDirector
Jim JordanDirector
Julie ManningDirector
Yema MeashoDirector
John TurmanSecretary
Jon NelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$684,998
Program Service Revenue
$0
Investment Income
$1,117,384
Other Revenue
$4,349
All Other Contributions
$684,998
Change in Net Assets
$766,683

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
Securities Publicly Traded2$5,380Market Price
Works of Art1$3,500Valuation by Artist
Total Noncash Contributions3$8,880-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,794,371
Revenue Not Reported on Financial Statements
$12,360
Revenue Not Reported on Form 990
$-1,468,405
Other Revenue Adjustments
$12,360
Total Revenue per Audited Statements
$325,966
Total Revenue per Form 990
$1,806,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$676,940
Salaries, Compensation, and Employee Benefits$211,655
Other Expenses$151,453
Total Fundraising Expense$60,510
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$464,417--$464,417
Grants to Domestic Individuals$212,523--$212,523
Other Salaries and Wages-$49,380$51,803$101,183
Current Officers, Directors, Trustees, and Key Employees-$75,300-$75,300
Fees for Services Accounting-$63,972-$63,972
Occupancy-$19,137-$19,137
Payroll Taxes-$18,129-$18,129
Other Employee Benefits-$17,043-$17,043
Information Technology-$13,821-$13,821
Office Expenses-$10,794-$10,794
Advertising--$8,707$8,707
Travel-$7,033-$7,033
Fees for Service Investment Mgmnt Fees-$6,425-$6,425
Conferences and Meetings-$2,763-$2,763
Insurance-$2,748-$2,748
Depreciation Depletion-$2,007-$2,007
Other Expenses$6,089$604-$604
Fees for Services Legal-$236-$236
All Other Expenses-$25-$25
Total Functional Expenses$683,029$296,509$60,510$1,040,048

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,040,048
Expenses per Audited Statements$1,026,179
Total Expenses per Audited Statements$1,026,179
Expenses Not Reported on Financial Statements$13,869
Other Expense Adjustments$13,869
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Corvallis Montesori Society IncCorvallis, OR501 (c)(3)Operations$65,200
Grace Center for Adult Day Services IncCorvallis, OR501 (c)(3)Operations$58,551
Boys and Girls Club of CorvallisCorvallis, OR501 (c)(3)Operations$53,452
Psd 17j Philomath Community Pool & High SchoolPhilomath, ORGovPool Operations$49,916
Strengthening Rural FamiliesPhilomath, OR501 (c)(3)Operations$38,300
Church of the Good SamartianCorvallis, OR501 (c)(3)Operations$15,201
Heartland Humane SocietyCorvallis, OR501 (c)(3)Operations$11,122
Old Mill Center for Children and FamiliesCorvallis, OR501 (c)(3)Operations$10,944
Community OutreachCorvallis, OR501 (c)(3)Veterans Support, Diabetes Clinic$10,398
City of Corvallis Parks and RecreationCorvallis, ORGovYouth Camp, Park Improvements, Career Exploration$9,916
Philomath Youth Activities ClubPhilomath, OR501 (c)(3)Operations$7,595
Oregon State University - College of Earth Ocean & AtmosphericCorvallis, OR501 (c)(3)Education$7,183
Love Inc of Benton CountyCorvallis, OR501 (c)(3)Operations$5,400
Casa - Voices for ChildrenCovallis, OR501 (c)(3)Operations$5,238
Wecarecorvallis-benton County Council of Religious OrganizationsCorvallis, OR501 (c)(3)Agency Funds Distributed$5,200
Oregon Trail Council - Boy Scouts of AmericaEugene, OR501 (c)(3)Operations$5,141
Vina Moses CenterCorvallis, OR501 (c)(3)Family Support and Child Wefare$5,039
Cardv - Center Against Rape & Domestic ViolenceCorvallis, OR501 (c)(3)Social Services$5,000
Philomath Community ServicesPhilomath, OR501 (c)(3)Social Services$5,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section B, Line 11

The form 990 is forwarded for review by the president/ceo; finance committee; and full board. Upon recommendation of the president/ceo and finance committee, the 990 is slated for review and approval at a regularly scheduled meeting of the board. The 2015 form 990 was approved by the board at the meeting held may 19, 2016.

Form 990, Part VI, Section B, Line 12C

Form 990, part vi, line 12c - enforcement of conflict policy: a copy of the conflict of interest policy is furnished to each director, officer and staff member. The policy and its application is reviewed annually by the board and management.

Form 990, Part VI, Section B, Line 15A

Following the annual performance review of the president/ceo, the executive committee of the board of directors reviewed the local and national compensation surveys of comparable entities to determine an appropriate salary level for the president/ceo. Based on the survey and a specific request by the president/ceo to not increase her salary for 2016, the executive committee then made a recommendation to the full board, in closed session, to maintain the 2015 salary level for the president/ceo for 2016. The local and national compensation surveys are scrutinized to ensure that no compensation is excessive so as to trigger the excess benefit rules.

Form 990, Part VI, Section C, Line 19

The form 990 is available upon request; it is also available on guidestar and on the foundation's website. Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Benton Community Foundation
EIN
93-6022916
Phone
5417531603
Address
660 NW HARRISON BLVD, CORVALLIS, OR 97339

Signing Officer

Name
Pat Lampton
Title
Board Chair
Phone
5417531603
Signed
2016-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Nelson
Formed
1953
Legal Domicile
Or
Voting Board Members
12
Independent Board Members
12
Employees
8
Volunteers
40

Preparer

Firm
Talbot Korvola & Warwick Llp
Address
4800 MEADOWS RD STE 200, LAKE OSWEGO, OR 97035-4293
Preparer
Jason R Orme
Phone
5032742849
Supplemental Narrative

Additional Explanations

Form 990 Amendment

This return has been amended to answer questions 8, 9a and 9b of part v of form 990 which were inadvertently omitted on the original form 990.

FORM 990, PART XI, LINE 9:

Net activity from agency funds 1,509.

Financial Statement Notes

PART III, LINE 4:

The donated sculpture is the prototype for a sculpture on display in one of the community's parks. The sculpture represents the community's values and history. The donors requested that it be on permanent display in the foundation's office. This is the only artwork owned by the foundation.

PART IV, LINE 2B:

Various not-for-profit organizations (nfpo) have transferred funds to the foundation and each such nfpo specified itself as the beneficiary of said fund. The fasb asc topic 958-20 not-for-profit entities (fas-136) establishes accounting and reporting standards for transactions in which a not-for-profit organization transfers to another organization (the recipient organization) and specifies itself as the beneficiary. Pursuant to this pronouncement, the agency endowments received by the foundation are considered liaiblities, rather than net assets of the foundation.

PART X, LINE 2:

Excerpt from the footnotes to the audited financial statements: the foundation is exempt from federal and state income taxes under the provisions of section 501(c)(3) of the internal revenue code and comparable state law. Additionally, the internal revenue service has determined the foundation is not a private foundation. Management believes that no material activity of the foundation would qualify as unrelated business income, and accordingly, be taxed to the foundation. The tax years that remain open for examination by the appropriate taxing authorities for the foundation as of december 31,2015 are 2014, 2013,and 2012, generally three years from the date the return was filed. The foundation follows the provisions of the fasb asc topic income taxes. Management evaluated the foundation tax positions and concluded that the foundation had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this topic.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Agency fund contributions 12,360.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Agency fund grants 13,869.

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IRS990/OtherExpensesGrp/Desc2STATE TAXES PAID
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11343
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2604
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IRS990/OtherExpensesGrp/TotalAmt15749
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IRS990/OtherInd0X
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IRS990/OtherRevenueTotalAmt04349
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt051803
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049380
IRS990/OtherSalariesAndWagesGrp/TotalAmt0101183
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PayrollTaxesGrp/TotalAmt018129
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt011962002
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt012505200
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt09833
IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0212523
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0701735
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IRS990/PYInvestmentIncomeAmt01016977
IRS990/PYOtherExpensesAmt0164171
IRS990/PYOtherRevenueAmt012085
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0795591
IRS990/PYSalariesCompEmpBnftPaidAmt0118308
IRS990/PYTotalExpensesAmt0935206
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01730797
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0766683
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0220515
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0217524
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0916679
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0395546
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0803422
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0654957
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01180
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018095
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.44590
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IRS990ScheduleA/SubstantialContributorsTotAmt0269678
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02795303
IRS990ScheduleA/TotalSupportAmt05797344
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt03500
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IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00770
IRS990ScheduleD/CollectionUsedPreservationInd0X
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt016700256
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0608531
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0721487
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt013260
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt013829
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012206772
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03344180
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt012206772
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0545120
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0138919
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt012092360

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.1$4.69$33.4$4.46$2.75$1.71
2023Detailed filing. Detailed filing data is available for this year.$34.9$4.19$30.8$3.68$2.47$1.21
2022Detailed filing. Detailed filing data is available for this year.$30.1$3.43$26.7$3.95$2.31$1.65
2021Detailed filing. Detailed filing data is available for this year.$32.2$1.51$30.7$3.91$1.84$2.07
2020Detailed filing. Detailed filing data is available for this year.$27.9$0.75$27.1$3.47$1.75$1.72
2019Detailed filing. Detailed filing data is available for this year.$24.7$0.72$24.0$5.10$1.27$3.83
2018Detailed filing. Detailed filing data is available for this year.$19.6$0.59$19.0$1.57$1.83$0.26
2017Detailed filing. Detailed filing data is available for this year.$22.4$0.57$21.9$1.15$1.14$0.01
2016Detailed filing. Detailed filing data is available for this year.$20.4$0.48$19.9$2.94$0.91$2.03
2015Detailed filing. Detailed filing data is available for this year.$17.7$0.44$17.2$1.81$1.04$0.77
2015Detailed filing. Detailed filing data is available for this year.$17.7$0.44$17.2$1.81$1.04$0.77
2014Summary only. Only limited summary data is available for this year.$18.5$0.53$17.9$1.73$0.94$0.80
2013Detailed filing. Detailed filing data is available for this year.$17.9$0.47$17.4$2.04$1.11$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$2.84$13.1$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$2.72$11.4$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$2.87$12.1$0.48