Civic Intelligence

The Fold Inc.

990 • Fiscal year 2019 • EIN 03-0221341

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 27, 2020

PO Box 1188Lyndonville, VT 05851

(802) 626-5620

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.44x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

10th percentile

-19%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

26th percentile

-8.5%

Faster revenue growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$408,469

Down $97,093 (-19%) from 2018

Net Assets

Down

$6,496

Down $130,325 (-95%) from 2018

Liabilities

Up

$401,973

Up $33,232 (+9.0%) from 2018

Revenue

Down

$916,377

Down $85,255 (-8.5%) from 2018

Expenses

Up

$1,046,744

Up $45,113 (+4.5%) from 2018

Net Income

Down

-$130,367

Down $130,368 (-13036800%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $842,475Liabilities 2012: $468,181Net Assets 2012: $374,2942012Assets 2013: $813,563Liabilities 2013: $522,778Net Assets 2013: $290,7852013Assets 2014: $770,998Liabilities 2014: $458,592Net Assets 2014: $312,4062014Assets 2015: $732,614Liabilities 2015: $420,338Net Assets 2015: $312,2762015Assets 2016: $606,963Liabilities 2016: $333,584Net Assets 2016: $273,3792016Assets 2017: $526,093Liabilities 2017: $389,273Net Assets 2017: $136,8202017Assets 2018: $505,562Liabilities 2018: $368,741Net Assets 2018: $136,8212018Assets 2019: $408,469Liabilities 2019: $401,973Net Assets 2019: $6,4962019Assets 2020: $385,962Liabilities 2020: $438,977Net Assets 2020: -$53,0152020Assets 2021: $503,628Liabilities 2021: $35,912Net Assets 2021: $467,7162021Assets 2022: $439,964Liabilities 2022: $34,246Net Assets 2022: $405,7182022Assets 2023: $807,417Liabilities 2023: $6,631Net Assets 2023: $800,7862023Assets 2024: $906,653Liabilities 2024: $11,832Net Assets 2024: $894,8212024Assets 2025: $998,694Liabilities 2025: $2,880Net Assets 2025: $995,8142025

Highlighted filing

2019

Assets$408,469
Liabilities$401,973
Net Assets$6,496

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $877,778Expenses 2012: $1,009,921Net Income 2012: -$132,1432012Revenue 2013: $864,172Expenses 2013: $946,709Net Income 2013: -$82,5372013Revenue 2014: $911,384Expenses 2014: $889,762Net Income 2014: $21,6222014Revenue 2015: $790,734Expenses 2015: $790,864Net Income 2015: -$1302015Revenue 2016: $771,047Expenses 2016: $809,944Net Income 2016: -$38,8972016Revenue 2017: $672,255Expenses 2017: $806,395Net Income 2017: -$134,1402017Revenue 2018: $1,001,632Expenses 2018: $1,001,631Net Income 2018: $12018Revenue 2019: $916,377Expenses 2019: $1,046,744Net Income 2019: -$130,3672019Revenue 2020: $460,503Expenses 2020: $520,014Net Income 2020: -$59,5112020Revenue 2021: $792,645Expenses 2021: $280,959Net Income 2021: $511,6862021Revenue 2022: $215,960Expenses 2022: $279,423Net Income 2022: -$63,4632022Revenue 2023: $612,434Expenses 2023: $245,096Net Income 2023: $367,3382023Revenue 2024: $333,531Expenses 2024: $222,075Net Income 2024: $111,4562024Revenue 2025: $316,181Expenses 2025: $215,187Net Income 2025: $100,9942025

Highlighted filing

2019

Revenue$916,377
Expenses$1,046,744
Net Income-$130,367
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 27, 2020
Return Version
2018v3.1
Gross Receipts
$916,377
Mission and Program Overview

Mission

Residential Facility for troubled teens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$328,865$333,682▲ $4,817
Accounts Receivable$107,688$48,337▼ $59,351
Loans From Officers Directors$30,000--
Cash and Non-Interest-Bearing Accounts$57,683$19,523▼ $38,160
Prepaid Expenses and Deferred Charges$8,485$6,825▼ $1,660
Total Assets$505,562$408,469▼ $97,093
Other Assets Total$2,841$102▼ $2,739
Liabilities
Mortgage Notes Payable Secured by Investment Property$299,988$384,818▲ $84,830
Other Liabilities$20,218$12,306▼ $7,912
Accounts Payable and Accrued Expenses$18,535$4,849▼ $13,686
Total Liabilities$368,741$401,973▲ $33,232
Net Assets / Fund Balance
Unrestricted Net Assets$136,821$6,496▼ $130,325
Total Net Assets Fund Balance$136,821$6,496▼ $130,325
Total Liabilities and Net Assets / Fund Balance$505,562$408,469▼ $97,093

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$233,045$1,125,790-
Other Land Buildings$12,502$34,404-
Land$66,000--
Equipment$22,135$143,131-
Other Assets Org$102--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill BeaulacBoard Chairman
Rod AmesPresident
Charles WildDirector
Dana WelchDirector
Ed DumontDirector
Gunilla KuniholmDirector
Jeanne LaughtonDirector
Paula WildDirector
Krista TomaselliSecretary
Jon KuniholmTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$529,493
Program Service Revenue
$384,310
Investment Income
$2,574
Other Revenue
$0
All Other Contributions
$529,493
Change in Net Assets
$-130,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$387,738
Other Expenses$364,522
Grants and Similar Amounts Paid$294,484
Total Fundraising Expense$80,579
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$285,013$20,109$55,063$360,185
Grants to Domestic Individuals$294,484--$294,484
All Other Expenses$49,486$32,737-$82,223
Occupancy$36,964$6,835-$43,799
Insurance$25,008$4,380$2,711$32,099
Payroll Taxes$21,804$1,538$4,211$27,553
Office Expenses$4,315$16,763$2,436$23,514
Interest$8,457$13,582-$22,039
Advertising$13,541-$5,393$18,934
Other Expenses$8,234$8,492$247$16,726
Fees for Services Management-$5,500-$5,500
Information Technology-$1,736-$1,736
Total Functional Expenses$832,323$133,842$80,579$1,046,744
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$30,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Revenue$12,306
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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

Officer directors etc family relationship Part VI line 2

Jon & Gunilla Kuniholm are husband and wife and Charles & Paula Wild are husband and wife.

Form 990 governing body review Part VI line 11

990 reports are read by CEO and compared to the fiscal year audit report before being being sent to the IRS.

Conflict of interest policy compliance Part VI line 12C

If there is a conflict of interest, the Board member does not vote.

CEO executive director top management comp Part VI line 15A

All top management compensation is determined by the Boards Personnel Committee. It is then presented to the Finance Committee and voted on by the full Board.

Other officer or key employee compensation Part VI line 15B

All employee wages, including key employees, are determined by the the Boards personnel committee and presented to the Finance Committee to include in yearly budget. See explanation for Part VI, Line 15A.

Governing documents etc available to public Part VI line 19

The Fold Inc. makes all of its governing documents, conflict of interest policies and financial statements available to the public by request only.

Filing and Contact Details

Filer

Filer Name
The Fold Inc
EIN
03-0221341
Address
PO Box 1188, Lyndonville, VT 05851

Signing Officer

Name
Bill Beaulac
Title
Board Chairman
Phone
8026265620
Signed
2020-04-27
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
23
Volunteers
40

Preparer

Firm
S&D Accounting Services LLC
Address
241 Indian Point Street Suite 6, Newport, VT 05855
Preparer
Stephen C Mengel
Phone
8026244148
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0382310
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0382310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12000
IRS990/ProgSrvcAccomActy2Grp/Desc0Residential treatment for emotionally troubled adolescent boys. Program provides care, supervising, counseling and training.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0342113
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0335706
IRS990/ProgSrvcAccomActy3Grp/Desc0Provide a high quality high school education for girls and boys.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0146650
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0152830
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0556520
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0293977
IRS990/PYInvestmentIncomeAmt08024
IRS990/PYOtherExpensesAmt0328082
IRS990/PYOtherRevenueAmt010659
IRS990/PYProgramServiceRevenueAmt0426429
IRS990/PYRevenuesLessExpensesAmt01
IRS990/PYSalariesCompEmpBnftPaidAmt0379572
IRS990/PYTotalExpensesAmt01001631
IRS990/PYTotalRevenueAmt01001632
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-130367
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0299323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0529493
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0556526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0430578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0541075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0564638
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02622310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02574
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03601
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0297
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0759
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015255
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99090
IRS990ScheduleA/PublicSupportPY170Pct00.97700
IRS990ScheduleA/PublicSupportTotal170Amt02613607
IRS990ScheduleA/SubstantialContributorsTotAmt08703
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0529493
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0556526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0430578
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0541075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0564638
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02622310
IRS990ScheduleA/TotalSupportAmt02637565
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0233045
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01125790
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01358835
IRS990ScheduleD/EquipmentGrp/BookValueAmt022135
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0143131
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0165266
IRS990ScheduleD/LandGrp/BookValueAmt066000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt066000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0102
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investments
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012502
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034404
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt046906
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Unearned Revenue
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0333682
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0102
IRS990ScheduleD/TotalLiabilityAmt012306
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0294484
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Residential Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Based on family financial data
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LOC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0John Kuniholm
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Treasurer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Jon & Gunilla Kuniholm are husband and wife and Charles & Paula Wild are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 reports are read by CEO and compared to the fiscal year audit report before being being sent to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2If there is a conflict of interest, the Board member does not vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All top management compensation is determined by the Boards Personnel Committee. It is then presented to the Finance Committee and voted on by the full Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All employee wages, including key employees, are determined by the the Boards personnel committee and presented to the Finance Committee to include in yearly budget. See explanation for Part VI, Line 15A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Fold Inc. makes all of its governing documents, conflict of interest policies and financial statements available to the public by request only.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0505562
IRS990/TotalAssetsEOYAmt0408469
IRS990/TotalAssetsGrp/BOYAmt0505562
IRS990/TotalAssetsGrp/EOYAmt0408469
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0529493
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt080579
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0133842
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0832323
IRS990/TotalFunctionalExpensesGrp/TotalAmt01046744
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0368741

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.00$1.00$0.32$0.22$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.01$0.89$0.33$0.22$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.61$0.25$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.03$0.41$0.22$0.28$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.04$0.47$0.79$0.28$0.51
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.44$0.05$0.46$0.52$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.41$0.40$0.01$0.92$1.05$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.37$0.14$1.00$1.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.53$0.39$0.14$0.67$0.81$0.13
2016Summary only. Only limited summary data is available for this year.$0.61$0.33$0.27$0.77$0.81$0.04
2015Summary only. Only limited summary data is available for this year.$0.73$0.42$0.31$0.79$0.79$0.00
2014Summary only. Only limited summary data is available for this year.$0.77$0.46$0.31$0.91$0.89$0.02
2013Summary only. Only limited summary data is available for this year.$0.81$0.52$0.29$0.86$0.95$0.08
2012Summary only. Only limited summary data is available for this year.$0.84$0.47$0.37$0.88$1.01$0.13