Civic Intelligence

Point Lobos Foundation

990 • Fiscal year 2018 • EIN 94-2546064

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

80 Garden CourtMonterey, CA 93940

(866) 338-7227

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

29th percentile

-4.2%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

13th percentile

-11%

Faster asset growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,220,965

Down $144,112 (-11%) from 2017

Net Assets

Down

$1,185,729

Down $143,624 (-11%) from 2017

Liabilities

Down

$35,236

Down $488 (-1.4%) from 2017

Revenue

Up

$755,484

Up $89,736 (+13%) from 2017

Expenses

Up

$786,972

Up $39,562 (+5.3%) from 2017

Net Income

Up

-$31,488

Up $50,174 (+61%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,386,730Liabilities 2011: $20,944Net Assets 2011: $1,365,7862011Assets 2012: $1,403,373Liabilities 2012: $16,350Net Assets 2012: $1,387,0232012Assets 2013: $1,438,475Liabilities 2013: $25,640Net Assets 2013: $1,412,8352013Assets 2014: $1,413,927Liabilities 2014: $52,315Net Assets 2014: $1,361,6122014Assets 2015: $1,180,252Liabilities 2015: $26,604Net Assets 2015: $1,153,6482015Assets 2016: $1,379,066Liabilities 2016: $24,754Net Assets 2016: $1,354,3122016Assets 2017: $1,365,077Liabilities 2017: $35,724Net Assets 2017: $1,329,3532017Assets 2018: $1,220,965Liabilities 2018: $35,236Net Assets 2018: $1,185,7292018Assets 2019: $1,449,950Liabilities 2019: $32,424Net Assets 2019: $1,417,5262019Assets 2020: $1,621,282Liabilities 2020: $255,937Net Assets 2020: $1,365,3452020Assets 2021: $1,881,850Liabilities 2021: $208,106Net Assets 2021: $1,673,7442021Assets 2022: $1,690,469Liabilities 2022: $121,790Net Assets 2022: $1,568,6792022Assets 2023: $2,087,264Liabilities 2023: $107,663Net Assets 2023: $1,979,6012023Assets 2024: $2,326,096Liabilities 2024: $53,736Net Assets 2024: $2,272,3602024

Highlighted filing

2018

Assets$1,220,965
Liabilities$35,236
Net Assets$1,185,729

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $278,058Expenses 2011: $261,779Net Income 2011: $16,2792011Revenue 2012: $346,764Expenses 2012: $358,736Net Income 2012: -$11,9722012Revenue 2013: $511,681Expenses 2013: $430,849Net Income 2013: $80,8322013Revenue 2014: $521,381Expenses 2014: $570,788Net Income 2014: -$49,4072014Revenue 2015: $522,489Expenses 2015: $699,021Net Income 2015: -$176,5322015Revenue 2016: $710,530Expenses 2016: $514,435Net Income 2016: $196,0952016Revenue 2017: $665,748Expenses 2017: $747,410Net Income 2017: -$81,6622017Revenue 2018: $755,484Expenses 2018: $786,972Net Income 2018: -$31,4882018Revenue 2019: $1,036,355Expenses 2019: $949,940Net Income 2019: $86,4152019Revenue 2020: $565,178Expenses 2020: $703,758Net Income 2020: -$138,5802020Revenue 2021: $723,760Expenses 2021: $511,251Net Income 2021: $212,5092021Revenue 2022: $790,831Expenses 2022: $719,758Net Income 2022: $71,0732022Revenue 2023: $922,122Expenses 2023: $648,966Net Income 2023: $273,1562023Revenue 2024: $1,048,888Expenses 2024: $851,114Net Income 2024: $197,7742024

Highlighted filing

2018

Revenue$755,484
Expenses$786,972
Net Income-$31,488
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$1,751,526
Mission and Program Overview

Mission

Invested in the appreciation and preservation of Point Lobos Natural Reserve, the crown jewel of California's State Parks.

Reserve stewardship, including natural and cultural resource protection and public use area improvements; educate and foster visitor appreciation of Point Lobos State Natural Reserve; support and train a docent corp of 200+ interpretive volunteers; and provide youth programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,010,905$809,747▼ $201,158
Cash and Non-Interest-Bearing Accounts$171,438$217,182▲ $45,744
Accounts Receivable$79,151$94,090▲ $14,939
Intangible Assets$48,179$45,438▼ $2,741
Inventories for Sale or Use$28,715$34,137▲ $5,422
Land, Buildings, and Equipment, Net$23,621$15,579▼ $8,042
Prepaid Expenses and Deferred Charges$3,068$4,792▲ $1,724
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Total Assets$1,365,077$1,220,965▼ $144,112
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$35,724$35,236▼ $488
Total Liabilities$35,724$35,236▼ $488
Net Assets / Fund Balance
Unrestricted Net Assets$807,944$636,485▼ $171,459
Temporarily Rstr Net Assets$521,409$549,244▲ $27,835
Total Net Assets Fund Balance$1,329,353$1,185,729▼ $143,624
Total Liabilities and Net Assets / Fund Balance$1,365,077$1,220,965▼ $144,112

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,579$73,300$88,879
Other Land Buildings-$23,991$23,991
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kit ArmstrongPresident
Ben HeinrichVice President
Chris BalogDirector
Cynthia VernonDirector
Jacolyn HarmerDirector
Karin StrattonDirector
Ken RuggerioDirector
Loren HughesDirector
Julie OswaldActing Treas.
Jim RurkaDocent Admin
Joe VargoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$633,081
Program Service Revenue
$0
Investment Income
$64,119
Other Revenue
$58,284
All Other Contributions
$501,094
Change in Net Assets
$-31,488

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$33,513Fair Market Value (FMV)
Other Non Cash Contri Table3$3,700Fair Market Value (FMV)
Total Noncash Contributions5$37,213-

Audited Revenue Reconciliation

Revenue per Audited Statements
$746,903
Revenue Not Reported on Financial Statements
$8,581
Revenue Not Reported on Form 990
$-99,355
Other Revenue Adjustments
$8,581
Total Revenue per Audited Statements
$647,548
Total Revenue per Form 990
$755,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$331,282
Other Expenses$287,374
Grants and Similar Amounts Paid$168,316
Total Fundraising Expense$113,998
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$171,158$55,442$54,214$280,814
Grants to Domestic Orgs$168,316--$168,316
Fees for Services Accounting$15,189$15,262$10,562$41,013
Other Employee Benefits$13,920$5,481$8,374$27,775
Occupancy$10,019$9,404$6,332$25,755
Payroll Taxes$13,948$4,492$4,253$22,693
All Other Expenses$13,567$3,788$4,765$22,120
Other Expenses$9,108-$6,743$15,851
Office Expenses$4,820$4,528$5,581$14,929
Depreciation Depletion$9,675-$1,108$10,783
Information Technology$3,387$2,223$4,988$10,598
Conferences and Meetings$4,141$3,219$2,016$9,376
Fees for Service Investment Mgmnt Fees-$8,581-$8,581
Fees for Services Other$2,535$2,770$2,535$7,840
Fees for Services Legal-$5,281-$5,281
Insurance$1,264$1,199$1,199$3,662
Total Functional Expenses$551,304$121,670$113,998$786,972

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$791,170
Total Expenses per Form 990$786,972
Expenses per Audited Statements$778,391
Expenses Not Reported on Form 990$12,779
Expenses Not Reported on Financial Statements$8,581
Other Expense Adjustments$8,581
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Monterey District Trail SectMonterey, CA-Trail maintenance and fencing$77,100
Idax Data SolutionsKirkland, WA-Study of impact visitors for assess$26,935
Native Coast LandscapesCarmel, CA-Watering of plants and areas$19,419
Thompson Wildland MgmtDel Rey Oaks, CA-Chemical treatment of plants$15,178
Big Sur Land TrustMonterey, CA-Framing and installation of 3 signs$13,500
University Corp Monterey BaySeaside, CA-Graduate student internship$12,684
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,779
Fundraising Gross Income$6,150
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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, Part VI, Line 11B: Form 990 Review Process

Board members are provided a copy of the tax return prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each member signs a letter annually, stating they do not have a conflict as defined in the conflict of interest policy. These letters are maintained and monitored by the Secretary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Organization does not have a CEO, executive director, or top management individual. The Executive Committee and/or Organizational Capacity & Performance Committee reviews and approves the Organization's employee compensation annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Executive Committee and/or Organizational Capacity & Performance Committee reviews and approves the Organization's employee compensation annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The audited financial statements, Form 990 and public meeting minutes are made available to the general public on the Foundation's website. Governing documents and the conflict of interest policy are available upon request.

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

The answer to this question 15a is N/A, not applicable. The computer tax program used to complete the organization's tax return does not allow N/A as an answer to this question. The Organization does not have a CEO, executive director, or top management individual. The Executive Committee reviews and approves the Organization's three employees compensation annually.

Filing and Contact Details

Filer

Filer Name
Point Lobos Foundation
EIN
94-2546064
Phone
8663387227
Address
80 Garden Court, Monterey, CA 93940

Signing Officer

Name
Kit Armstrong
Title
President
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kit Armstrong
Formed
1978
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
8
Volunteers
226

Preparer

Firm
McGilloway Ray Brown & Kaufman
Address
379 WEST MARKET STREET, SALINAS, CA 93901
Preparer
Patricia M Kaufman CPA
Phone
8313733337
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Youth Programs including funding transportation for school groups to visit Point Lobos through docent programs along with funding for State Parks Summer Adventure Program, PORTS Program and Junior Rangers Program for children.

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

The Foundation's collections are made up of artifacts of historical significance, scientific specimens, and art objects that are held for educational and curatorial purposes. These items are cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. The majority of the collection is on a long term loan to California Department of Parks and Recreation, for display at The Whaler's Cabin and the Whaling Station Museum buildings at Point Lobos State Natural Reserve. The objects in the collection were acquired over several years and have an appraised value of $142,905. No collection items were deaccessioned in 2018.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The Organization's collections are made up of artifacts of historical significance, scientific specimens, and art objects that are held for educational and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. The majority of the collection is on a long term loan to California Department of Parks and Recreation, for display at The Whaler's Cabin and the Whaling Station Museum buildings at Point Lobos State Natural Reserve. The objects in the collection were acquired over several years and have an appraised value of $142,905. No collection items were deaccessioned in 2018.

Part X : FIN48 Footnote

The Organization is a tax-exempt corporation under IRS Code Section 501(C)(3) and under Section 23701(D) of the California Revenue Taxation Code. The Organization is exempt from taxes on income other than unrelated business income for the year ended December 31, 2018, the Organization paid no unrelated business income tax. The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires the Organization to report information regarding its exposure to various tax positions taken by the Organization. Management has considered its tax positions and believes that the Organization has adequately addressed all relevant tax positions and that there are no unrecorded liabilities. The Organization is current on tax filings, which are subject to examination under statutory provisions and the statute of limitations.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Rounding $2 Special Event Expenses $12779

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

$0 Invest Fees netted with Invest Income $8581

Part XII, Line 2D: Other expenses and losses per audited F/S

Special Event Expenses $12779

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Invest Fees netted with Invest Income $8581

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IRS990/Form990PartVIISectionAGrp/PersonNm10Cynthia Vernon
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Acting Treas.
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Docent Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/MissionDesc0To protect and nurture Point Lobos State Natural Reserve, to educate and inspire visitors to preserve its unique natural and cultural resources, and to strengthen the network of Carmel Area State Parks.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05481
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013920
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027775
IRS990/OtherExpensesGrp/Desc0Trail Maintenance
IRS990/OtherExpensesGrp/Desc1Education & Outreach
IRS990/OtherExpensesGrp/Desc2Docent Program
IRS990/OtherExpensesGrp/Desc3Membership costs
IRS990/OtherExpensesGrp/FundraisingAmt01328
IRS990/OtherExpensesGrp/FundraisingAmt16743
IRS990/OtherExpensesGrp/ProgramServicesAmt042217
IRS990/OtherExpensesGrp/ProgramServicesAmt134574
IRS990/OtherExpensesGrp/ProgramServicesAmt233466
IRS990/OtherExpensesGrp/ProgramServicesAmt39108
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IRS990/OtherExpensesGrp/TotalAmt135902
IRS990/OtherExpensesGrp/TotalAmt233466
IRS990/OtherExpensesGrp/TotalAmt315851
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt054214
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0171158
IRS990/OtherSalariesAndWagesGrp/TotalAmt0280814
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IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/FundraisingAmt04253
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04492
IRS990/PayrollTaxesGrp/ProgramServicesAmt013948
IRS990/PayrollTaxesGrp/TotalAmt022693
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03068
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04792
IRS990/PrincipalOfficerNm0Kit Armstrong
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Educate visitors to enhance their appreciation, understanding and support of Point Lobos State Natural Reserve through various channels including magazines, newsletters, website, digital app, multilingual brochures, public events and meetings.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt067721
IRS990/ProgSrvcAccomActy3Grp/Desc0To enhance the visitor experience by supporting 226 state park volunteers who greet visitors, interpret the natural and cultural resources and lead walks for visitor groups. Volunteer hours totaled 28,529 in 2018.
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt073365
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IRS990/PYOtherRevenueAmt062100
IRS990/PYRevenuesLessExpensesAmt0-81662
IRS990/PYSalariesCompEmpBnftPaidAmt0293690
IRS990/PYTotalExpensesAmt0747410
IRS990/PYTotalRevenueAmt0665748
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0125000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0121500
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0530283
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0501186
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0420326
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0396871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02481749
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023589
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt028795
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt056780
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0163414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0104072
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt088646
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt094157
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt093754
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0482779
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027516
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt026734

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.05$2.27$1.05$0.85$0.20
2023Detailed filing. Detailed filing data is available for this year.$2.09$0.11$1.98$0.92$0.65$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.69$0.12$1.57$0.79$0.72$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.21$1.67$0.72$0.51$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.62$0.26$1.37$0.57$0.70$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.42$1.04$0.95$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.04$1.19$0.76$0.79$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.04$1.33$0.67$0.75$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.38$0.02$1.35$0.71$0.51$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.03$1.15$0.52$0.70$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.41$0.05$1.36$0.52$0.57$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.44$0.03$1.41$0.51$0.43$0.08
2012Summary only. Only limited summary data is available for this year.$1.40$0.02$1.39$0.35$0.36$0.01
2011Summary only. Only limited summary data is available for this year.$1.39$0.02$1.37$0.28$0.26$0.02