Civic Intelligence

Refrigerating Engineers and Technicians Association

990 • Fiscal year 2018 • EIN 95-2247299

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 01, 2019

1725 Ferry St SWAlbany, OR 97322

(541) 497-2955

Siviq Scores

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

Liabilities / Assets

77th percentile

0.40x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.39x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

49th percentile

3.4%

Higher net margin than 49% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

94th percentile

42%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

30th percentile

-1.7%

Faster revenue growth than 30% of similar nonprofits.

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

Assets

Up

$2,783,768

Up $822,216 (+42%) from 2017

Net Assets

Down

$1,656,896

Down $97,509 (-5.6%) from 2017

Liabilities

Up

$1,126,872

Up $919,725 (+444%) from 2017

Revenue

Down

$2,875,781

Down $50,672 (-1.7%) from 2017

Expenses

Up

$2,778,628

Up $437,406 (+19%) from 2017

Net Income

Down

$97,153

Down $488,078 (-83%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $958,327Liabilities 2010: $252,863Net Assets 2010: $705,4642010Assets 2011: $1,163,455Liabilities 2011: $258,203Net Assets 2011: $905,2522011Assets 2012: $1,231,679Liabilities 2012: $327,076Net Assets 2012: $904,6032012Assets 2013: $1,454,259Liabilities 2013: $322,253Net Assets 2013: $1,132,0062013Assets 2014: $1,411,224Liabilities 2014: $372,329Net Assets 2014: $1,038,8952014Assets 2015: $1,360,270Liabilities 2015: $200,060Net Assets 2015: $1,160,2102015Assets 2016: $1,378,541Liabilities 2016: $209,367Net Assets 2016: $1,169,1742016Assets 2017: $1,961,552Liabilities 2017: $207,147Net Assets 2017: $1,754,4052017Assets 2018: $2,783,768Liabilities 2018: $1,126,872Net Assets 2018: $1,656,8962018Assets 2019: $3,191,824Liabilities 2019: $1,263,000Net Assets 2019: $1,928,8242019Assets 2020: $3,409,099Liabilities 2020: $1,147,606Net Assets 2020: $2,261,4932020Assets 2021: $4,151,388Liabilities 2021: $1,330,830Net Assets 2021: $2,820,5582021Assets 2022: $5,065,331Liabilities 2022: $1,096,975Net Assets 2022: $3,968,3562022Assets 2023: $5,249,894Liabilities 2023: $850,993Net Assets 2023: $4,398,9012023Assets 2024: $6,038,067Liabilities 2024: $801,867Net Assets 2024: $5,236,2002024

Highlighted filing

2018

Assets$2,783,768
Liabilities$1,126,872
Net Assets$1,656,896

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,698,097Expenses 2010: $1,465,672Net Income 2010: $232,4252010Expenses 2011: $1,528,5082011Expenses 2012: $2,105,8822012Revenue 2013: $2,331,749Expenses 2013: $2,104,346Net Income 2013: $227,4032013Revenue 2014: $2,313,416Expenses 2014: $2,406,527Net Income 2014: -$93,1112014Revenue 2015: $2,519,825Expenses 2015: $2,398,510Net Income 2015: $121,3152015Revenue 2016: $2,992,741Expenses 2016: $2,983,777Net Income 2016: $8,9642016Revenue 2017: $2,926,453Expenses 2017: $2,341,222Net Income 2017: $585,2312017Revenue 2018: $2,875,781Expenses 2018: $2,778,628Net Income 2018: $97,1532018Revenue 2019: $3,071,073Expenses 2019: $2,799,145Net Income 2019: $271,9282019Revenue 2020: $1,984,697Expenses 2020: $1,652,028Net Income 2020: $332,6692020Revenue 2021: $2,984,276Expenses 2021: $2,425,211Net Income 2021: $559,0652021Revenue 2022: $3,748,782Expenses 2022: $2,600,984Net Income 2022: $1,147,7982022Revenue 2023: $3,798,324Expenses 2023: $3,367,779Net Income 2023: $430,5452023Revenue 2024: $4,320,332Expenses 2024: $3,483,033Net Income 2024: $837,2992024

Highlighted filing

2018

Revenue$2,875,781
Expenses$2,778,628
Net Income$97,153
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 1, 2019
Return Version
2018v3.1
Gross Receipts
$2,971,690
Mission and Program Overview

Mission

To enhance the professional development of industrial refrigeration operating and technical engineers. This is accomplished through education, certification, regional seminars, and national conferences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$76,446$1,374,562▲ $1,298,116
Savings and Temporary Cash Investments$1,062,578$1,116,114▲ $53,536
Cash and Non-Interest-Bearing Accounts$693,116$138,228▼ $554,888
Accounts Receivable$59,596$86,049▲ $26,453
Prepaid Expenses and Deferred Charges$27,981$37,721▲ $9,740
Intangible Assets$31,417$25,866▼ $5,551
Inventories for Sale or Use$4,618$5,228▲ $610
Total Assets$1,961,552$2,783,768▲ $822,216
Other Assets Total$5,800--
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,470$755,919▲ $724,449
Deferred Revenue$62,407$276,805▲ $214,398
Accounts Payable and Accrued Expenses$113,270$94,148▼ $19,122
Total Liabilities$207,147$1,126,872▲ $919,725
Net Assets / Fund Balance
Unrestricted Net Assets$1,720,013$1,618,645▼ $101,368
Temporarily Rstr Net Assets$34,392$38,251▲ $3,859
Total Net Assets Fund Balance$1,754,405$1,656,896▼ $97,509
Total Liabilities and Net Assets / Fund Balance$1,961,552$2,783,768▲ $822,216

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,116,837$30,327$1,147,164
Land$228,578-$228,578
Equipment$29,147$148,808$177,955
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim BarronExecutive DiFT$159,908$24,427$184,335
Jim BarronExecutive Director-$159,908$24,427$184,335

Board Members and Trustees

NameTitle
Todd MetskerChairman
Eric GirvenPresident
Bengie BranhamDirector
Bill LapeDirector
Dave GulcynskiDirector
Frank Kologinczak IiiDirector
Jacqueline KirkmanDirector
Keith HarperDirector
Matt HayesDirector
Mike HawkinsDirector
Pete LepschatDirector
Pete RoggowDirector
Richard Veloz JrDirector
Troy BakerDirector
Arlie FarleyExecutive V.
Eric TealeSecond V.p.
Vern SandersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,200
Program Service Revenue
$2,557,462
Investment Income
$6,052
Other Revenue
$308,067
All Other Contributions
$4,200
Change in Net Assets
$97,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,892,833
Revenue Not Reported on Financial Statements
$-17,052
Other Revenue Adjustments
$-17,052
Total Revenue per Audited Statements
$2,892,833
Total Revenue per Form 990
$2,875,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,741,825
Salaries, Compensation, and Employee Benefits$1,036,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$395,877$228,603-$624,480
Current Officers, Directors, Trustees, and Key Employees$107,723$76,612-$184,335
All Other Expenses$112,963$39,469-$152,432
Other Employee Benefits$93,085$50,366-$143,451
Conferences and Meetings$136,955$3,397-$140,352
Fees for Services Other$110,192$6,875-$117,067
Office Expenses$54,975$56,175-$111,150
Travel$60,503$34,338-$94,841
Other Expenses$84,623$77,483-$77,483
Advertising$54,359$22,824-$77,183
Occupancy$15,229$61,690-$76,919
Payroll Taxes$43,002$25,281-$68,283
Depreciation Depletion$13,000$45,747-$58,747
Information Technology$41,279$12,069-$53,348
Fees for Services Accounting$11,339$11,952-$23,291
Payment Travel Entrtnmnt Publicly Ofcl$20,026--$20,026
Interest-$19,219-$19,219
Insurance$3,382$15,448-$18,830
Pension Plan Contributions$13,257$2,997-$16,254
Fees for Services Legal$1,514$1,596-$3,110
Total Functional Expenses$1,825,391$953,237$0$2,778,628

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,795,680
Expenses per Audited Statements$2,778,628
Total Expenses per Form 990$2,778,628
Expenses Not Reported on Form 990$17,052
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members consist of 48 chapters in various states. All members are the owners of the association.

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

Election of officers and board members takes place at the annual meeting.

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

Executive committee and board approve budget for executive director's salary.

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

The review of the form 990 is an agenda item on the board's meeting agenda. Per board policy, the 990 must be reviewed and approved by the board before it is signed or filed.

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

The board looks at anything that might be a conflict of interest as needed at the board meetings. The board meets annually to update their conflict of interest statements. When a conflict of interest is identified, the executive director advises members when business decisions are pending that they should formally abstain from the decision making.

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

Board members approve budget for executive director's compensation.

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

The executive director makes the decision on any pay increases after the reviews.

Form 990, Page 6, Part VI, Line 19

Constitution, bylaws, policies, and procedures are available on the website. The 990 is available at the office for review.

Filing and Contact Details

Filer

Filer Name
Refrigerating Engineers &
EIN
95-2247299
Phone
5414972955
Address
1725 FERRY ST SW, ALBANY, OR 97322

Signing Officer

Name
Jim Barron
Title
Executive Director
Phone
5414972960
Signed
2019-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Barron
Formed
1910
Legal Domicile
Or
Voting Board Members
17
Independent Board Members
17
Employees
15
Volunteers
20

Preparer

Firm
Jones & Roth Pc
Address
PO BOX 10086, EUGENE, OR 97440
Preparer
Kari Young
Phone
5416872320
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Organizing containers once the truck is unloaded, assemble the welcome bags, place signage, help with registration, organize and run the guest program activities, decorate for the banquet, help with tear-down, be a floater.

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

Breeze newsletter, technical report, and pipeline.

Form 990, Part XI, Line 9

Rental expenses 17,052 rental expenses -17,052 the beginning net assets for the association were restated to correct the recognition of deferred revenue for membership dues in the prior period. The beginning net assets were decreased by 194,662 as a result of the correction.

Financial Statement Notes

Schedule D, Page 3, Part X

The association has been granted a tax-exempt status under section 501(c) (6) of the internal revenue code as an entity organized and operated as a business league, and a similar provision in the oregon tax code. The association is required to pay federal and state taxes only on its net unrelated business income. The association believes that it has appropriate support for any tax positions taken and, therefore, does not have any uncertain tax positions that are material to the financial statements for the year ended december 31, 2018. The federal and state tax-exempt and income tax returns of the association are subject to examination by the internal revenue service and state tax authorities, generally for three years after they were filed.

Schedule D, Page 4, Part XI, Line 4B

RENTAL EXPENSES -17,052

Schedule D, Page 4, Part XII, Line 2D

RENTAL EXPENSES 17,052

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE V.
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECOND V.P.
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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
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IRS990/MembersOrStockholdersInd0true
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IRS990/MissionDesc0TO ENHANCE THE PROFESSIONAL DEVELOPMENT OF INDUSTRIAL REFRIGERATION OPERATING AND TECHNICAL ENGINEERS. THIS IS ACCOMPLISHED THROUGH EDUCATION, CERTIFICATION, REGIONAL SEMINARS, AND NATIONAL CONFERENCES.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt031470
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01605
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04004
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt02399
IRS990/NetUnrelatedBusTxblIncmAmt040140
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IRS990/OfficeExpensesGrp/ProgramServicesAmt054975
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IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0143451
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1WEB FEES & TEST SCORING
IRS990/OtherExpensesGrp/Desc2CHAPTER REBATES
IRS990/OtherExpensesGrp/Desc3CREDIT CARD/BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021915
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt131196
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2107985
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt377483
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IRS990/OtherExpensesGrp/TotalAmt2107985
IRS990/OtherExpensesGrp/TotalAmt377483
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0395877
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037721
IRS990/PrincipalOfficerNm0JIM BARRON
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IRS990/ProgramServiceRevenueGrp/BusinessCd2541700
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IRS990/ProgramServiceRevenueGrp/Desc1DUES & MEMBERSHIPS
IRS990/ProgramServiceRevenueGrp/Desc2CERTIFICATION & TRAINING
IRS990/ProgramServiceRevenueGrp/Desc3BREEZE NEWSLETTER
IRS990/ProgramServiceRevenueGrp/Desc4CLASSIFIED ADVERTISING
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IRS990/ProgSrvcAccomActy3Grp/Desc0PUBLICATION SALES- SALES OF BOOKS AND MERCHANDISE TO MEMBERS AND NONMEMBERS PERTAINING TO REFRIGERATION AND TECHNOLOGY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BREEZE NEWSLETTER, TECHNICAL REPORT, AND PIPELINE.
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IRS990/PYProgramServiceRevenueAmt02587484
IRS990/PYRevenuesLessExpensesAmt0585231
IRS990/PYSalariesCompEmpBnftPaidAmt0944653
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IRS990/RentalIncomeOrLossGrp/RealAmt04004
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
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IRS990ScheduleD/EquipmentGrp/BookValueAmt029147
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148808
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0177955
IRS990ScheduleD/ExpensesNotReportedAmt017052
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0228578
IRS990ScheduleD/OtherExpensesIncludedAmt017052
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-17052
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-17052
IRS990ScheduleD/RevenueSubtotalAmt02892833
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS BEEN GRANTED A TAX-EXEMPT STATUS UNDER SECTION 501(C) (6) OF THE INTERNAL REVENUE CODE AS AN ENTITY ORGANIZED AND OPERATED AS A BUSINESS LEAGUE, AND A SIMILAR PROVISION IN THE OREGON TAX CODE. THE ASSOCIATION IS REQUIRED TO PAY FEDERAL AND STATE TAXES ONLY ON ITS NET UNRELATED BUSINESS INCOME. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018. THE FEDERAL AND STATE TAX-EXEMPT AND INCOME TAX RETURNS OF THE ASSOCIATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.04$0.80$5.24$4.32$3.48$0.84
2023Detailed filing. Detailed filing data is available for this year.$5.25$0.85$4.40$3.80$3.37$0.43
2022Detailed filing. Detailed filing data is available for this year.$5.07$1.10$3.97$3.75$2.60$1.15
2021Detailed filing. Detailed filing data is available for this year.$4.15$1.33$2.82$2.98$2.43$0.56
2020Detailed filing. Detailed filing data is available for this year.$3.41$1.15$2.26$1.98$1.65$0.33
2019Detailed filing. Detailed filing data is available for this year.$3.19$1.26$1.93$3.07$2.80$0.27
2018Detailed filing. Detailed filing data is available for this year.$2.78$1.13$1.66$2.88$2.78$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.96$0.21$1.75$2.93$2.34$0.59
2016Detailed filing. Detailed filing data is available for this year.$1.38$0.21$1.17$2.99$2.98$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.36$0.20$1.16$2.52$2.40$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.41$0.37$1.04$2.31$2.41$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.45$0.32$1.13$2.33$2.10$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.33$0.90$2.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.26$0.91$1.53
2010Summary only. Only limited summary data is available for this year.$0.96$0.25$0.71$1.70$1.47$0.23