Civic Intelligence

California Lutheran University

990 • Fiscal year 2016 • EIN 95-2962604

Jun 01, 2015 to May 31, 2016 • Filed on Feb 27, 2017

60 West Olsen Road M/C 1200Thousand Oaks, CA 91360-2700

(805) 493-3171

Siviq Scores

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

Liabilities / Assets

39th percentile

0.27x

Higher debt load relative to assets than 39% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

44th percentile

0.52x

Higher debt load relative to revenue than 44% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Net Margin

45th percentile

3.2%

Higher net margin than 45% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

29th percentile

$540,224

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Asset Growth

40th percentile

0.2%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

0.8%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Up

$309,875,975

Up $629,342 (+0.2%) from 2015

Net Assets

Up

$227,223,703

Up $3,447,519 (+1.5%) from 2015

Liabilities

Down

$82,652,272

Down $2,818,177 (-3.3%) from 2015

Revenue

Up

$159,146,111

Up $1,208,169 (+0.8%) from 2015

Expenses

Up

$154,012,094

Up $5,955,545 (+4.0%) from 2015

Net Income

Down

$5,134,017

Down $4,747,376 (-48%) from 2015

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $224,613,924Liabilities 2010: $94,679,397Net Assets 2010: $129,934,5272010Assets 2011: $232,599,098Liabilities 2011: $89,208,343Net Assets 2011: $143,390,7552011Assets 2012: $239,666,769Liabilities 2012: $87,236,761Net Assets 2012: $152,430,0082012Assets 2013: $256,179,408Liabilities 2013: $86,362,010Net Assets 2013: $169,817,3982013Assets 2014: $302,427,863Liabilities 2014: $88,785,090Net Assets 2014: $213,642,7732014Assets 2015: $309,246,633Liabilities 2015: $85,470,449Net Assets 2015: $223,776,1842015Assets 2016: $309,875,975Liabilities 2016: $82,652,272Net Assets 2016: $227,223,7032016Assets 2017: $324,141,832Liabilities 2017: $81,407,732Net Assets 2017: $242,734,1002017Assets 2018: $344,559,535Liabilities 2018: $92,156,981Net Assets 2018: $252,402,5542018Assets 2019: $358,322,342Liabilities 2019: $106,417,756Net Assets 2019: $251,904,5862019Assets 2020: $379,855,133Liabilities 2020: $111,251,268Net Assets 2020: $268,603,8652020Assets 2021: $404,684,806Liabilities 2021: $97,806,016Net Assets 2021: $306,878,7902021Assets 2022: $398,038,694Liabilities 2022: $89,960,472Net Assets 2022: $308,078,2222022Assets 2023: $377,672,792Liabilities 2023: $86,453,807Net Assets 2023: $291,218,9852023Assets 2024: $379,668,648Liabilities 2024: $83,589,599Net Assets 2024: $296,079,0492024

Highlighted filing

2016

Assets$309,875,975
Liabilities$82,652,272
Net Assets$227,223,703

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $98,939,8092010Revenue 2011: $121,124,803Expenses 2011: $110,880,622Net Income 2011: $10,244,1812011Expenses 2012: $119,286,8392012Expenses 2013: $126,410,2482013Revenue 2014: $164,090,262Expenses 2014: $138,033,548Net Income 2014: $26,056,7142014Revenue 2015: $157,937,942Expenses 2015: $148,056,549Net Income 2015: $9,881,3932015Revenue 2016: $159,146,111Expenses 2016: $154,012,094Net Income 2016: $5,134,0172016Revenue 2017: $173,990,294Expenses 2017: $162,953,217Net Income 2017: $11,037,0772017Revenue 2018: $179,600,601Expenses 2018: $171,869,654Net Income 2018: $7,730,9472018Revenue 2019: $187,034,109Expenses 2019: $183,626,806Net Income 2019: $3,407,3032019Revenue 2020: $202,542,083Expenses 2020: $185,765,906Net Income 2020: $16,776,1772020Revenue 2021: $181,463,115Expenses 2021: $169,444,800Net Income 2021: $12,018,3152021Revenue 2022: $199,868,867Expenses 2022: $179,292,464Net Income 2022: $20,576,4032022Revenue 2023: $178,848,556Expenses 2023: $190,569,267Net Income 2023: -$11,720,7112023Revenue 2024: $185,136,567Expenses 2024: $192,531,196Net Income 2024: -$7,394,6292024

Highlighted filing

2016

Revenue$159,146,111
Expenses$154,012,094
Net Income$5,134,017
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Feb 27, 2017
Return Version
2015v3.0
Gross Receipts
$221,411,387
Mission and Program Overview

Mission

The mission of the university is to educate leaders for a global society who are strong in character and judgment, confident in their identity and vocation, and committed to service and justice.

CLU is an institution offering undergraduate and graduate degrees in the liberal arts and sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$138,583,004$136,899,406▼ $1,683,598
Investments in Publicly Traded Securities$88,994,716$88,734,579▼ $260,137
Savings and Temporary Cash Investments$52,831,729$56,194,488▲ $3,362,759
Pledges and Grants Receivable$7,813,590$7,318,226▼ $495,364
Investments Other Securities$3,736,798$3,602,568▼ $134,230
Investments Program Related$3,384,497$3,317,148▼ $67,349
Prepaid Expenses and Deferred Charges$1,680,042$2,007,087▲ $327,045
Accounts Receivable$1,676,917$1,554,800▼ $122,117
Intangible Assets$475,000$475,000→ $0
Inventories for Sale or Use$25,126$35,037▲ $9,911
Cash and Non-Interest-Bearing Accounts$11,060$15,973▲ $4,913
Total Assets$309,246,633$309,875,975▲ $629,342
Other Assets Total$10,034,154$9,721,663▼ $312,491
Liabilities
Tax Exempt Bond Liabilities$65,464,967$63,405,941▼ $2,059,026
Accounts Payable and Accrued Expenses$11,744,935$11,436,593▼ $308,342
Other Liabilities$3,637,864$3,544,701▼ $93,163
Mortgage Notes Payable Secured by Investment Property$3,138,711$2,506,066▼ $632,645
Deferred Revenue$1,483,972$1,758,971▲ $274,999
Total Liabilities$85,470,449$82,652,272▼ $2,818,177
Net Assets / Fund Balance
Unrestricted Net Assets$136,068,430$137,645,496▲ $1,577,066
Permanently Rstr Net Assets$54,158,494$56,446,342▲ $2,287,848
Temporarily Rstr Net Assets$33,549,260$33,131,865▼ $417,395
Total Net Assets Fund Balance$223,776,184$227,223,703▲ $3,447,519
Total Liabilities and Net Assets / Fund Balance$309,246,633$309,875,975▲ $629,342

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$104,135,617$49,930,073$154,065,690
Leasehold Improvements$15,853,351$16,813,489$32,666,840
Equipment$5,395,263$7,528,792$12,924,055
Land$7,584,990-$7,584,990
Other Land Buildings$3,930,185$2,348,862$6,279,047

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$91,914,069$3,125,950▲ $75,570$3,572,870$91,542,719
2014$85,273,719$6,367,872▲ $3,442,128$3,169,650$91,914,069
2013$60,900,179$20,375,452▲ $6,524,338$2,526,250$85,273,719
2012$54,781,875$1,858,101▲ $6,276,342$2,016,139$60,900,179
2011$56,118,065$1,738,103▼ $919,703$2,154,590$54,781,875
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimball ChrisPresidentFT$397,906$142,318$540,224
Davis KarenVP, Administration & FinanceFT$255,387$40,074$295,461
Neilson LeanneProvost/VP, Academic AffairsFT$248,072$35,134$283,206
Wheatly StephenVP, University AdvancementFT$225,846$35,960$261,806
Apfelthaler GerhardDean, School of ManagementFT$200,100$30,877$230,977
Domicone HarryProfessor/Director of IMBAFT$191,498$31,929$223,427
Peng Chang-ShyhProfessorFT$194,059$24,560$218,619
Ward MatthewVP, Enrollment ManagementFT$179,890$29,618$209,508
Van Ommeren RyanAssociate VP, Facility OpeFT$178,553$25,799$204,352
Vaiman VladProfessorFT$175,012$25,547$200,559
Griffin JoanDean, College of Arts & SciencesFT$153,971$38,949$192,920
Roper MelindaVP, Student Affairs/Dean of StudentsFT$165,816$25,254$191,070
Olson MaryGeneral Manager, KCLU RadioFT$137,390$47,496$184,886
Reinhart CraigProfessorFT$153,242$22,904$176,146
Parham PatriciaAssistant VP, Human ResourcesFT$154,638$18,866$173,504
Maxey CharlesDEAN, SCHOOL OF MGMT (former key)FT$135,339$21,569$156,908
Hengst TimFaculty Chair/Board MemberFT$120,905$18,454$139,359
Carthen EvanASCLU President 2015-2016/Board Member-$4,391-$4,391

Board Members and Trustees

NameTitle
Gilbert Rod thru 100815Chair of the Board
Lundeen-smuck SusanChair of the Board
Baumhefner LindaBoard Member
Becerra GlenBoard Member
Bessey JimBoard Member
Brohaugh WallyBoard Member
Camarillo BillBoard Member
Chadwick SueBoard Member
Erickson DennisBoard Member
Foster RandyBoard Member
Gibson Breanne Thru 43015Board Member
Hanson Rev MarkBoard Member
Holmerud MarkBoard Member
Irwin JonBoard Member
Krantz BillBoard Member
Larisey John Thru 53115board Member
Larsen JudyBoard Member
Lederer JillBoard Member
Lemmo RickBoard Member
McNay CristyBoard Member
McNeil MalcolmBoard Member
Nebens CarrieBoard Member
Olson KarenBoard Member
Overton JimBoard Member
Robbins DennisBoard Member
Rulon ErinBoard Member
Schmalen StephenBoard Member
Stegemoeller MarkBoard Member
Sweeney DeborahBoard Member
Swenson JamesBoard Member
Talmage SteveBoard Member
Ullman GeorgeBoard Member
Jensen TedSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Royall & CompanyConsulting1920 East Parham Road, Richmond, VA 23228$516,500
Hirschfeld Kraemer LLPLegal505 Montgomery St 13th Floor, San Francisco, IL 94111$400,112
The CrisCom CompanyConsulting9550 Topanga Canyon Blvd, Chatsworth, CA 91311$144,000
Carl TerzianConsulting10866 Wilshire Blvd Suite 750, Los Angeles, CA 90024$130,970
Gonser Gerber LLPConsulting1776 Legacy Circle Suite 100, Naperville, IL 60563$113,779
Revenue and Support

Revenue Composition

Contributions and Grants
$12,942,832
Program Service Revenue
$143,413,971
Investment Income
$2,772,357
Other Revenue
$16,951
All Other Contributions
$10,184,403
Change in Net Assets
$5,134,017

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded25$323,540High/Low Average
Total Noncash Contributions25$323,540-

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,082,633
Revenue Not Reported on Financial Statements
$45,063,478
Revenue Not Reported on Form 990
$-1,804,162
Other Revenue Adjustments
$44,618,065
Total Revenue per Audited Statements
$112,278,471
Total Revenue per Form 990
$159,146,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$66,621,797
Grants and Similar Amounts Paid$44,736,927
Other Expenses$42,653,370
Total Fundraising Expense$2,800,568
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,769,298$10,962,098$1,544,489$50,275,885
Grants to Domestic Individuals$44,618,065--$44,618,065
Depreciation Depletion$7,014,701$566,200-$7,580,901
Other Employee Benefits$4,221,783$1,893,188$215,465$6,330,436
Office Expenses$4,131,370$1,873,032$176,314$6,180,716
All Other Expenses$4,628,231$683,370$128,743$5,440,344
Occupancy$1,418,857$3,069,289$6,081$4,494,227
Pension Plan Contributions$2,660,938$899,538$126,891$3,687,367
Payroll Taxes$2,676,511$810,543$118,181$3,605,235
Interest$2,673,006$425,843-$3,098,849
Information Technology$619,078$2,082,080$21,977$2,723,135
Current Officers, Directors, Trustees, and Key Employees$874,931$1,593,858$254,085$2,722,874
Travel$1,870,834$368,113$73,798$2,312,745
Fees for Services Management$1,128,271$567,894$42,856$1,739,021
Advertising$736,175$319,787$1,380$1,057,342
Fees for Services Legal$25,365$784,357$30,217$839,939
Insurance$162,601$671,998-$834,599
Conferences and Meetings$668,520$97,530$20,223$786,273
Fees for Service Investment Mgmnt Fees-$445,413-$445,413
Fees for Services Other$250,012$90,063-$340,075
Fees for Services Accounting$6,297$173,494-$179,791
Fees for Services Lobbying-$144,000-$144,000
Grants to Domestic Orgs$118,862--$118,862
Other Expenses$18,000,155$-18,000,155$39,868$0
Total Functional Expenses$140,519,451$10,692,075$2,800,568$154,012,094

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$154,012,094
Total Expenses per Audited Statements$108,985,167
Expenses per Audited Statements$108,948,616
Expenses Not Reported on Financial Statements$45,063,478
Other Expense Adjustments$44,618,065
Expenses Not Reported on Form 990$36,551
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kingsmen Shakespeare CompanyThousand Oaks, CA501(c)(3)The Kingsmen Shakepeare Company, a 501c(3), performs Shakespeare plays on the university property.$118,862

International Summary

Offices
0
Employees
0
Spending
$112,248

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland & Greenland)Program ServicesStudy Abroad00$102,568
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$9,680
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$29,987
Fundraising Gross Income$29,858
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
CLA Golf Tournament$20,580$14,755-$14,755
VC Gold Tournament$41,103$5,558$5,826$-268
Total Events$80,453$29,858$29,987$-129
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$2,264,145
Government grants refundable$1,621,087
Interest rate exchange agreement liability$39,464
Deposits held in trust for others$-379,995

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCaLIFORNIA municipal finance AUTHORITY2014-12-02$45,000,000refund 1999 and 2004 bond debt issues
ACalifornia Educational Facilities Authority2008-07-31$36,914,991Construction of Facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$45,000,000$30,000,000$1,069,705-
A$38,350,238$3,960,010$2,380,000$760,244

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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
Yes
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 prepared by an outside CPA firm and reviewed by the Controller and Vice President of Administration & Finance. The 990 is posted on an internal website with access given to all Board members. The Board of Regents of the University has delegated the formal review to the Administration and Finance Committee of the Board. After the Administration and Finance Committee complete their review, the President of the University signs the 990.

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

The Organization requires all Board of Regents, officers, faculty members and staff to be familiar with the terms of the Conflict of Interest policy; disclose to the Board Secretary any possible personal, familial, close or business relationships that reasonably might give rise to a conflict involving the University; and acknowledge by his or her signature that he or she is in accordance with the letter and spirit of this policy. In the case of officers and other designated employees, an annual disclosure will be completed and filed with the Office of the Vice President for Administration and Finance. Each member of the staff and faculty not completing an annual affirmative statement must promptly report any perceived or actual conflict of interest to their appropriate senior administrator. The Vice President for Administration and Finance shall review the annual disclosure statements of officers and designated employees and any reported perceived or actual conflicts of interest. Exceptions will be promptly reported to the Audit Committee of the Board at its next meeting. Board of Regents shall report to the Secretary of the Board of Regents. After disclosure, such personnel shall leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon.

Form 990, Part VI, Section B, line 15

The compensation for the President is established by the Board of Regents. Annually, the Presidential Compensation Committee of the Board of Regents reviews the President's compensation package, market rate information, performance and makes recommendations to the full Board for any adjustments to the President's compensation. An independent compensation consultant is utilized on at least a bi-annual basis to analyze current market comparison data. Annually, the President's and Vice President of Administration and Finance's compensation is reviewed by the Audit Committee of the Board of Regents to ensure it agrees with the compensation agreements. The compensation of all the Vice Presidents is established by the President and is based on regional compensation market data, internal data, and job performance. Compensation Studies are conducted by the Human Resources department and/or outside compensation consultants. The Assistant Vice President for Human Resources provides the President with the most recent compensation study prior to annual compensation increases to key officers.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on a request basis.

Filing and Contact Details

Filer

Filer Name
California Lutheran University
EIN
95-2962604
Phone
8054933171
Address
60 West Olsen Road M/C 1200, Thousand Oaks, CA 91360-2700

Signing Officer

Name
Christopher Kimball
Title
President
Phone
8054933171
Signed
2017-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Kimball
Formed
1959
Legal Domicile
CA
Voting Board Members
33
Independent Board Members
30
Employees
2,431
Volunteers
100

Preparer

Firm
Moss Adams LLP
Address
3121 W March Ln Ste 200, Stockton, CA 95219-2367
Preparer
Tracy S Paglia
Phone
2099556100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Actuarial Adjustment 88,100. Foundation realized gain 12,541.

Financial Statement Notes

Part III, Line 4:

Paintings and sculptures by various artists.

Part V, Line 4:

Quasi endowment is intended to supplement the University's operating funds. Permanently and Temporarily (Term) restricted endowments are designated to scholarships for students, professorships, university programs and building maintenance.

Part X, Line 2:

The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the consolidated financial statements recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the University for uncertain tax positions as of May 31, 2016.

Part XI, Line 2D - Other Adjustments:

Rental Expenses 36,551. Foundation's revenue -141,674. actuarial adjustment 88,100.

Part XI, Line 4B - Other Adjustments:

Scholarships 44,618,065.

Part XII, Line 2D - Other Adjustments:

Rental Expenses 36,551.

Part XII, Line 4B - Other Adjustments:

Scholarships 44,618,065.

Raw XML AppendixShowing 400 of 1,495 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Higher Education: Provided quality education for undergraduate students and graduate students. California Lutheran University offers undergraduate, graduate and continuing education programs through its College of Arts and Sciences, School of Management, Graduate School of Education, Graduate School of Psychology and Pacific Lutheran Theological Seminary. The University offers 38 undergraduate majors and 34 undergraduate minors are offered through our undergraduate programs. Master's degree programs are offered in education, business administration, public policy and administration, computer science, psychology, information systems and technology, economics, divinity, arts, and theological studies. The University offers doctoral programs in educational leadership, higher education leadership, and clinical psychology PH.D.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$380$83.6$296$185$193$7.39
2023Detailed filing. Detailed filing data is available for this year.$378$86.5$291$179$191$11.7
2022Detailed filing. Detailed filing data is available for this year.$398$90.0$308$200$179$20.6
2021Detailed filing. Detailed filing data is available for this year.$405$97.8$307$181$169$12.0
2020Detailed filing. Detailed filing data is available for this year.$380$111$269$203$186$16.8
2019Detailed filing. Detailed filing data is available for this year.$358$106$252$187$184$3.41
2018Detailed filing. Detailed filing data is available for this year.$345$92.2$252$180$172$7.73
2017Detailed filing. Detailed filing data is available for this year.$324$81.4$243$174$163$11.0
2016Detailed filing. Detailed filing data is available for this year.$310$82.7$227$159$154$5.13
2015Detailed filing. Detailed filing data is available for this year.$309$85.5$224$158$148$9.88
2014Detailed filing. Detailed filing data is available for this year.$302$88.8$214$164$138$26.1
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$256$86.4$170$126
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$240$87.2$152$119
2011Summary only. Only limited summary data is available for this year.$233$89.2$143$121$111$10.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$225$94.7$130$98.9