Meritas Inc

Bloomington, MN
Tax-exempt since June 1996
EIN: 41-1680234

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Revenue

$4.67M (2023)

Expenses

$4.47M (2023)

Total Assets

$5.46M (2023)

Total Liabilities

$2.07M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$4,671,906

Expenses

$4,472,441

Net Income

$199,465

Net Assets

$3,397,131

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,376,930	93.7%
Investment Income	$83,833	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$211,143	4.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$382,604	8.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,012,861	22.6%

Assets/Debt
Total Assets	$5,463,855
Total Liabilities	$2,066,724
Net Assets	$3,397,131

Compensation

Key Employees and Officers	Compensation	Related	Other
Sona Pancholy (President)	$275,050	$0	$22,218
Kimberly Heinrich (Dir Of Global Mkting)	$168,500	$0	$29,439
Kim Gendron (Regional Director)	$147,339	$0	$5,715
Brett Krantz (Chairman Of The Board)	$87,756	$0	$0
Christoph Morck (Director)	$0	$0	$0
Dennis Doucette (Director)	$0	$0	$0
Nini Halim (Director)	$0	$0	$0
Laura Hallmon (Director)	$0	$0	$0
Andres Montoya (Director)	$0	$0	$0
Sheldon Stokes (Director)	$0	$0	$0
Alberto Estrella (Director)	$0	$0	$0
Peter Jaari (Director)	$0	$0	$0
Kwadwo Ntrakwah (Director)	$0	$0	$0
Craig Parry (Director)	$0	$0	$0
Fabiana Solano (Director)	$0	$0	$0
Drew Dillworth (Director)	$0	$0	$0
Alex Dobrev (Director)	$0	$0	$0
Esther Dominguez (Director)	$0	$0	$0
Matt Evans (Director)	$0	$0	$0
Andrew Lambros (Director)	$0	$0	$0
David Reid (Director)	$0	$0	$0
Emma Richmond (Director)	$0	$0	$0
Judith Wallace (Director)	$0	$0	$0
Philip Wong (Director)	$0	$0	$0
Amanda Esch (Director)	$0	$0	$0

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990

Filed on Aug. 23, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$4,193,238

Expenses

$3,938,713

Net Income

$254,525

Net Assets

$3,197,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,182,560	99.7%
Investment Income	$10,678	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$360,703	9.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$894,990	22.7%

Assets/Debt
Total Assets	$5,178,417
Total Liabilities	$1,980,751
Net Assets	$3,197,666

Compensation

Key Employees and Officers	Compensation	Related	Other
Sona Pancholy (President)	$259,276	$0	$18,638
Kimberly Heinrich (Dir Of Global Mkting)	$159,921	$0	$27,705
Kim Gendron (Regional Director)	$139,442	$0	$5,572
Brett Krantz (Chairman Of The Board)	$82,788	$0	$0
Chris Brigham (Director)	$0	$0	$0
Luca Citton (Director)	$0	$0	$0
Maria Elena De Posadas (Director)	$0	$0	$0
Christoph Morck (Director)	$0	$0	$0
Jonathan Polin (Director)	$0	$0	$0
Yao Rao (Director)	$0	$0	$0
Gil Selinger (Director)	$0	$0	$0
Amanda Yen (Director)	$0	$0	$0
Denise Doucette (Director)	$0	$0	$0
Nini Halim (Director)	$0	$0	$0
Laura Hallmon (Director)	$0	$0	$0
Hans Helwig (Director)	$0	$0	$0
Andres Montoya (Director)	$0	$0	$0
Sheldon Stokes (Director)	$0	$0	$0
Kathy Butler (Director)	$0	$0	$0
Alberto Estrella (Director)	$0	$0	$0
Peter Jaari (Director)	$0	$0	$0
Kwadwo Ntrakwah (Director)	$0	$0	$0
Craig Parry (Director)	$0	$0	$0
Fabiana Solano (Director)	$0	$0	$0
Josh Stadtler (Director)	$0	$0	$0

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990

Filed on Aug. 31, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$3,491,008

Expenses

$2,970,575

Net Income

$520,433

Net Assets

$2,943,142

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,484,117	99.8%
Investment Income	$6,891	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$479,709	16.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$770,301	25.9%

Assets/Debt
Total Assets	$4,826,395
Total Liabilities	$1,883,253
Net Assets	$2,943,142

Compensation

Key Employees and Officers	Compensation	Related	Other
Sona Pancholy (President)	$255,084	$0	$16,150
Kimberly Heinrich (Dir Of Global Marketing)	$148,778	$0	$26,569
Lauren Burnham (Controller & Treasurer)	$117,980	$0	$10,118
Brett Krantz (Chairman Of The Board)	$80,376	$0	$0
Chris Brigham (Director)	$0	$0	$0
Luca Citton (Director)	$0	$0	$0
Maria Elena De Posadas (Director)	$0	$0	$0
Roxann Gallagher (Director)	$0	$0	$0
Jonathan Katan (Director)	$0	$0	$0
Darcy Kishida (Director)	$0	$0	$0
Christoph Morck (Director)	$0	$0	$0
Jonathan Polin (Director)	$0	$0	$0
Yao Rao (Director)	$0	$0	$0
A Irvin Schein (Director)	$0	$0	$0
Etai Shay (Director)	$0	$0	$0
Norma Stanley (Director)	$0	$0	$0
Colin Wexler (Director)	$0	$0	$0
Gil Selinger (Director)	$0	$0	$0
Amanda Yen (Director)	$0	$0	$0
Denise Doucette (Director)	$0	$0	$0
Nini Halim (Director)	$0	$0	$0
Laura Hallmon (Director)	$0	$0	$0
Hans Helwig (Director)	$0	$0	$0
Andres Montoya (Director)	$0	$0	$0
Sheldon Stokes (Director)	$0	$0	$0

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990

Filed on Sept. 22, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$3,527,860

Expenses

$3,186,787

Net Income

$341,073

Net Assets

$2,422,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,515,553	99.7%
Investment Income	$12,307	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$584,144	18.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$817,717	25.7%

Assets/Debt
Total Assets	$4,261,942
Total Liabilities	$1,839,233
Net Assets	$2,422,709

Compensation

Key Employees and Officers	Compensation	Related	Other
Sona Pancholy (President)	$223,693	$0	$13,584
Dawn Iacarella (Us & Canada Regional Direc)	$193,158	$0	$15,838
Kimberly Heinrich (Dir Of Global Marketing)	$144,444	$0	$25,255
Tanna Moore (President & Ceo)	$122,477	$0	$14,074
Lauren Burnham (Controller & Treasurer)	$120,084	$0	$12,203
Jill Wiley (Chairman Of The Board)	$78,030	$0	$0
Benje Bailey (Director)	$0	$0	$0
Diego Botana (Director)	$0	$0	$0
Chris Brigham (Director)	$0	$0	$0
Luca Citton (Director)	$0	$0	$0
Maria Elena De Posadas (Director)	$0	$0	$0
Roxann Gallagher (Director)	$0	$0	$0
Leila Gani (Director)	$0	$0	$0
William Gilbride (Director)	$0	$0	$0
Jonathan Katan (Director)	$0	$0	$0
Darcy Kishida (Director)	$0	$0	$0
Christoph Morck (Director)	$0	$0	$0
Melissa Pena (Director)	$0	$0	$0
Jonathan Polin (Director)	$0	$0	$0
Yao Rao (Director)	$0	$0	$0
A Irvin Schein (Director)	$0	$0	$0
Etai Shay (Director)	$0	$0	$0
Norma Stanley (Director)	$0	$0	$0
Jules Turcotte (Director)	$0	$0	$0
Colin Wexler (Director)	$0	$0	$0
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990

Filed on Aug. 6, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$4,255,175

Expenses

$4,288,887

Net Income

-$33,712

Net Assets

$2,081,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,234,875	99.5%
Investment Income	$20,300	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$549,725	12.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$777,624	18.1%

Assets/Debt
Total Assets	$3,947,326
Total Liabilities	$1,865,691
Net Assets	$2,081,635

Compensation

Key Employees and Officers	Compensation	Related	Other
Tanna Moore (President & Ceo)	$319,025	$0	$32,569
Dawn Iacarella (Us & Canada Regional Direc)	$189,371	$0	$15,678
Kimberly Heinrich (Dir Of Global Marketing)	$141,612	$0	$24,642
Lauren Burnham (Controller & Treasurer)	$110,216	$0	$11,415
Jill Wiley (Chairman Of The Board)	$76,500	$0	$0
Benje Bailey (Director)	$0	$0	$0
Diego Botana (Director)	$0	$0	$0
Jeremie Boublil (Director)	$0	$0	$0
Philip Burke (Director)	$0	$0	$0
Michael Defrank (Director)	$0	$0	$0
Roxann Gallagher (Director)	$0	$0	$0
Leila Gani (Director)	$0	$0	$0
William Gilbride (Director)	$0	$0	$0
Jonathan Katan (Director)	$0	$0	$0
Darcy Kishida (Director)	$0	$0	$0
Olli Kiuru (Director)	$0	$0	$0
George Martin (Director)	$0	$0	$0
S Todd Neal (Director)	$0	$0	$0
Melissa Pena (Director)	$0	$0	$0
Francisco Peroni (Director)	$0	$0	$0
Yao Rao (Director)	$0	$0	$0
A Irvin Schein (Director)	$0	$0	$0
Etai Shay (Director)	$0	$0	$0
Norma Stanley (Director)	$0	$0	$0
Jules Turcotte (Director)	$0	$0	$0
See filing for compensation of 1 other people →

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990

Filed on Oct. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$4,221,473

Expenses

$4,077,645

Net Income

$143,828

Net Assets

$2,115,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,205,105	99.6%
Investment Income	$16,368	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$527,978	12.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$786,429	19.3%

Assets/Debt
Total Assets	$3,964,447
Total Liabilities	$1,849,100
Net Assets	$2,115,347

Compensation

Key Employees and Officers	Compensation	Related	Other
Tanna Moore (President & Ceo)	$319,026	$0	$32,485
Dawn Iacarella (Us & Canada Regional Director)	$185,658	$0	$15,100
Kimberly Heinrich (Dir Of Global Marketing)	$143,836	$0	$23,861
Lauren Burnham (Controller & Treasurer)	$94,175	$0	$8,159
Jill Wiley (Chairman Of The Board)	$49,999	$0	$0
Dennis Unkovic (Former Director)	$16,668	$0	$0
See Attached Schedule (List Of Directors)	$0	$0	$0

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990

Filed on Aug. 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$4,188,234

Expenses

$3,942,868

Net Income

$245,366

Net Assets

$1,971,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,185,314	99.9%
Investment Income	$2,920	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$515,597	13.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$771,827	19.6%

Assets/Debt
Total Assets	$3,842,932
Total Liabilities	$1,871,413
Net Assets	$1,971,519

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached Schedule (Various)	$475,241	$0	$0
Dawn Iacarella (Us & Canada Regional Director)	$180,250	$0	$0
Kim Heinrich (Director Of Global Marketing)	$141,792	$0	$0

990

Filed on Aug. 2, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$4,054,191

Expenses

$4,051,596

Net Income

$2,595

Net Assets

$1,726,153

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,048,304	99.9%
Investment Income	$5,887	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$506,179	12.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$770,467	19.0%

Assets/Debt
Total Assets	$3,556,298
Total Liabilities	$1,830,145
Net Assets	$1,726,153

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached Schedule (Various)	$470,959	$0	$0
Dawn Iacarella (Us Regional Director)	$160,333	$0	$0
Kim Heinrich (Director Of Global Marketing)	$135,866	$0	$0

990

Filed on Aug. 1, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$3,983,579

Expenses

$3,930,951

Net Income

$52,628

Net Assets

$1,723,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,977,900	99.9%
Investment Income	$5,992	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$313
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$646,878	16.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$670,570	17.1%

Assets/Debt
Total Assets	$3,606,029
Total Liabilities	$1,882,471
Net Assets	$1,723,558

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached Schedule (Various)	$620,135	$0	$0
Kim Heinrich (Director Of Global Marketing)	$114,721	$0	$0
Dawn Iacarella (Us Regional Director)	$108,418	$0	$0

990

Filed on Aug. 17, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$4,142,992

Expenses

$4,034,280

Net Income

$108,712

Net Assets

$1,670,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,137,117	99.9%
Investment Income	$5,875	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$668,028	16.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$648,952	16.1%

Assets/Debt
Total Assets	$3,517,013
Total Liabilities	$1,846,083
Net Assets	$1,670,930

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached Schedule (Various)	$621,758	$0	$0
Kim Heinrich (Marketing Director)	$113,239	$0	$0

990

Filed on Aug. 6, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$4,160,431

Expenses

$4,235,561

Net Income

-$75,130

Net Assets

$1,562,218

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,152,655	99.8%
Investment Income	$7,776	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$660,376	15.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$787,514	18.6%

Assets/Debt
Total Assets	$3,456,718
Total Liabilities	$1,894,500
Net Assets	$1,562,218

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$4,043,466

Expenses

$4,142,865

Net Income

-$99,399

Net Assets

$1,637,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,042,922	100.0%
Investment Income	$7,555	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$7,011
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$643,329	15.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$717,096	17.3%

Assets/Debt
Total Assets	$3,572,881
Total Liabilities	$1,935,533
Net Assets	$1,637,348

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,043,971

Expenses

$3,868,979

Net Income

$174,992

Net Assets

$1,736,747

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,035,654	99.8%
Investment Income	$10,977	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$2,660
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$613,777	15.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$603,927	15.6%

Assets/Debt
Total Assets	$3,647,498
Total Liabilities	$1,910,751
Net Assets	$1,736,747

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Meritas Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.67M (2023)

Expenses $4.47M (2023)

Total Assets $5.46M (2023)

Total Liabilities $2.07M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$4.67M (2023)

Expenses

$4.47M (2023)

Total Assets

$5.46M (2023)

Total Liabilities

$2.07M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004