Civic Intelligence

Excel Academy Public Charter School

990 • Fiscal year 2016 • EIN 20-4394596

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 24, 2017

2501 Martin Luther King Jr Ave SEWashington, DC 20020

(202) 373-0097

Siviq Scores

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

Liabilities / Assets

49th percentile

0.22x

Higher debt load relative to assets than 49% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

25th percentile

0.09x

Higher debt load relative to revenue than 25% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

54th percentile

3.5%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$91,407

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

80th percentile

14%

Faster asset growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

-0.3%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,340,210

Up $651,855 (+14%) from 2015

Net Assets

Up

$4,144,399

Up $475,966 (+13%) from 2015

Liabilities

Up

$1,195,811

Up $175,889 (+17%) from 2015

Revenue

Down

$13,604,212

Down $34,345 (-0.3%) from 2015

Expenses

Up

$13,128,246

Up $1,070,617 (+8.9%) from 2015

Net Income

Down

$475,966

Down $1,104,962 (-70%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,570,379Liabilities 2011: $431,481Net Assets 2011: $1,138,8982011Assets 2012: $1,905,985Liabilities 2012: $467,336Net Assets 2012: $1,438,6492012Assets 2013: $2,720,989Liabilities 2013: $617,921Net Assets 2013: $2,103,0682013Assets 2014: $3,304,492Liabilities 2014: $977,068Net Assets 2014: $2,327,4242014Assets 2015: $4,688,355Liabilities 2015: $1,019,922Net Assets 2015: $3,668,4332015Assets 2016: $5,340,210Liabilities 2016: $1,195,811Net Assets 2016: $4,144,3992016Assets 2017: $4,770,380Liabilities 2017: $1,046,080Net Assets 2017: $3,724,3002017Assets 2018: $1,845,903Liabilities 2018: $313,858Net Assets 2018: $1,532,0452018Assets 2019: $1,045,383Liabilities 2019: $8,439Net Assets 2019: $1,036,9442019Assets 2020: $954,073Liabilities 2020: $0Net Assets 2020: $954,0732020Assets 2021: $31,550Net Assets 2021: $31,5502021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$5,340,210
Liabilities$1,195,811
Net Assets$4,144,399

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $5,319,988Expenses 2011: $4,836,409Net Income 2011: $483,5792011Expenses 2012: $6,433,7402012Expenses 2013: $7,836,5272013Revenue 2014: $10,841,406Expenses 2014: $10,617,050Net Income 2014: $224,3562014Revenue 2015: $13,638,557Expenses 2015: $12,057,629Net Income 2015: $1,580,9282015Revenue 2016: $13,604,212Expenses 2016: $13,128,246Net Income 2016: $475,9662016Revenue 2017: $13,250,484Expenses 2017: $13,670,583Net Income 2017: -$420,0992017Revenue 2018: $13,163,041Expenses 2018: $14,821,299Net Income 2018: -$1,658,2582018Revenue 2019: $3,628Expenses 2019: $498,729Net Income 2019: -$495,1012019Revenue 2020: $3,675Expenses 2020: $86,546Net Income 2020: -$82,8712020Revenue 2021: $2,865Expenses 2021: $925,388Net Income 2021: -$922,5232021Expenses 2022: $31,5502022

Highlighted filing

2016

Revenue$13,604,212
Expenses$13,128,246
Net Income$475,966
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 24, 2017
Return Version
2015v3.0
Gross Receipts
$13,618,092
Mission and Program Overview

Mission

The public charter school operates as part of the district of columbia public school system with its purpose of providing an outstanding academic education to pre-school to eighth grade girls in the district of columbia. In an effort to impact the inter-generational patterns of poverty, excel academy has been organized to provide an excellent academic and complementary social and enrichment program to prepare scholars to succeed and effectively compete in highly competitive high schools, colleges, and universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,201,618$3,782,665▲ $581,047
Land, Buildings, and Equipment, Net$798,044$759,056▼ $38,988
Pledges and Grants Receivable$224,433$462,685▲ $238,252
Accounts Receivable$71,094$132,089▲ $60,995
Cash and Non-Interest-Bearing Accounts$201,939$102,607▼ $99,332
Prepaid Expenses and Deferred Charges$11,783$11,118▼ $665
Total Assets$4,688,355$5,340,210▲ $651,855
Other Assets Total$179,444$89,990▼ $89,454
Liabilities
Accounts Payable and Accrued Expenses$1,014,257$1,186,128▲ $171,871
Deferred Revenue$5,665$9,683▲ $4,018
Total Liabilities$1,019,922$1,195,811▲ $175,889
Net Assets / Fund Balance
Unrestricted Net Assets$3,657,243$4,143,332▲ $486,089
Temporarily Rstr Net Assets$11,190$1,067▼ $10,123
Total Net Assets Fund Balance$3,668,433$4,144,399▲ $475,966
Total Liabilities and Net Assets / Fund Balance$4,688,355$5,340,210▲ $651,855

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$436,671$661,639$1,098,310
Leasehold Improvements$321,230$37,488$358,718
Other Land Buildings$1,155$5,820$6,975
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lavonne Bunch - OutgoingCEOFT$91,407-$91,407
John HansenCFOFT$67,774$8,162$75,936
Clarence Pineda - OutgoingDirector ofFT$54,993$5,025$60,018
Deborah LockhartCEO/head ofFT$36,577$2,589$39,166
Kaye Savage - OutgoingCEOFT$37,500-$37,500
Pamela Green - OutgoingCEOFT$1,635-$1,635

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Ten Square LLCManagement Cons818 CONNECTICUT AVENUE NW, Washington, DC 20006$591,655
Metz Culinary Management INCFood ServiceTWO WOODLAND DRIVE, Dallas, PA 18612$429,833
Ed-opsFinance Service1161 CONNECTICUT AVENUE NW, Washington, DC 20009$144,505
Revenue and Support

Revenue Composition

Contributions and Grants
$1,613,335
Program Service Revenue
$11,988,979
Investment Income
$-1,401
Other Revenue
$3,299
All Other Contributions
$27,557
Change in Net Assets
$475,966

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Food Inventory1$31,465
Other Non Cash Contri Table1$500
Total Noncash Contributions2$31,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,604,212
Total Revenue per Audited Statements
$13,604,212
Total Revenue per Form 990
$13,604,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,624,016
Other Expenses$5,504,230
Total Fundraising Expense$116,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,054,324$249,725$74,618$6,378,667
Occupancy$1,953,533$142,069$23,827$2,119,429
Fees for Services Management$629,996$70,000-$699,996
Payroll Taxes$507,920$36,938$6,195$551,053
Fees for Services Other$270,641$82,719-$353,360
Other Employee Benefits$306,550$15,567$3,753$325,870
Current Officers, Directors, Trustees, and Key Employees$64,644$204,052-$268,696
Office Expenses$198,691$14,450$3,022$216,163
Depreciation Depletion$195,076$14,186$2,380$211,642
Fees for Services Accounting-$141,328-$141,328
Pension Plan Contributions$93,817$4,764$1,149$99,730
Information Technology$82,982$6,035$1,012$90,029
Other Expenses$67,917$4,939-$72,856
Fees for Services Legal$16,830$39,394-$56,224
Insurance$29,355$2,135$358$31,848
All Other Expenses$11,520$837$141$12,498
Advertising$1,016--$1,016
Total Functional Expenses$11,946,069$1,065,722$116,455$13,128,246

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,128,246
Total Expenses per Audited Statements$13,128,246
Total Expenses per Form 990$13,128,246
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,863
Fundraising Direct Expenses$4,564
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
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, Page 6, Part VI, Line 11B

The chief executive officer and the chief financial officer review the form 990 information return and then forward the form 990 to the treasurer for review and presentation to the board of directors for approval. Once approved the treasurer notifies the chief financial officer that the 990 is authorized for filing.

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

The conflict of interest policy is reviewed annually for all board members and key employees. The review requires disclosure of any interest by anyone that may have a conflict of interest. As there are changes in board members or key employees the policy is disclosed and complied with.

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

The chief executive officer's compensation is reviewed annually by the board of directors at a regular meeting. There is a performance review and a comparison of salary to market for determination of salary.

Form 990, Page 6, Part VI, Line 19

The documents are available upon request for inspection at the school and a copy may be obtained at a cost per copy for reproduction.

Filing and Contact Details

Filer

Filer Name
Excel Academy Public Charter School
EIN
20-4394596
Phone
2023730097
Address
2501 MARTIN LUTHER KING JR AVE SE, WASHINGTON, DC 20020

Signing Officer

Name
John Hansen
Title
CFO
Phone
2023730097
Signed
2017-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Hansen
Formed
2006
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
11
Employees
199
Volunteers
13

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Richard M Jones CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The public charter school operates as part of the district of columbia public school system with its purpose of providing an outstanding academic education to pre-school to eighth grade girls in the district of columbia. In an effort to impact the inter-generational patterns of poverty, excel academy has been organized to provide an excellent academic and complementary social and enrichment program to prepare scholars to succeed and effectively compete in highly competitive high schools, colleges, and universities.

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

Reading, writing, math, and to teach ethics, personal responsibility, and healthy choices. We use early and frequent assessments to gauge students' progress and identify academic needs for classrooms and individual students, and respond to the data such assessments provide with immediacy. We hire highly skilled teachers, participate in ongoing professional development, and create and maintain a community of respect and collaboration with our staff and parents. We embrace students' parents and guardians as essential partners in their student's education, and we reach out to families and the wider community to support excel academy's girls. Founded by kaye savage, excel academy was authorized and approved by the dc public charter school board in 2007. In august 2008, the school opened in a church basement with 134 preschool, pre-kindergarten and kindergarten girls. In 2009, the school took partial occupancy of the birney school on martin luther king, jr. Avenue se, in the heart of the barry farm neighborhood in anacostia. From 2008-2016, the school grew to serve over 700 preschool through grade 7 scholars. In august 2013, preparing for growth through grade 8, the school expanded to occupy the entire 86,000 square foot building. Excel academy continues to grow in student enrollment and staff size every year. Excel academy provides scholars with a strong standards-based academic program, gender specific teaching and instruction, and leadership and extracurricular opportunities. Two teaching faculty members are assigned to each classroom from preschool to third grade. This structure provides a low student to teacher ratio and allows teachers to deliver instruction appropriately suited to individual student needs. Students advance based on mastery of the curriculum and progress is measured continuously using standardized assessments, rubrics and curriculum checklists. Developing and applying early literacy and numeracy skills in a highly structured setting is a critical component of our academic program in order to ensure strong foundational skills in the core subjects: reading, language, writing, mathematics, science and social studies. We believe that the sooner girls are enrolled in excel academy, the greater the impact on their academic achievement and personal development. Excel academy begins with the earliest learners, pre-school, pre-kindergarten and kindergarten, to allow for the movement of students who may be ready for more advanced academic work or for those who may need to be grouped with younger students based on academic and/or social-emotional needs. Much of the student success in the early years of school at excel academy is connected to intensive and comprehensive reading and writing teaching and instruction. Students receive direct instruction in phonics, decoding, vocabulary, handwriting, writing, and comprehension. Through a variety of learning techniques, small group instruction, center work, read aloud and writer's workshop, students are equipped with the necessary tools to read. Excel academy is committed to ensuring that every child is ready to read by kindergarten and is a developing reader before entering first grade. Students who do not demonstrate preparedness for reading will not be promoted to kindergarten. Excel academy has a very strong set of core values and procedures governing all areas of school life. We are committed to providing: a rigorous single gender model - excel academy's unique single-sex environment is supported by extensive research and rooted in high academic achievement and learning for every student that permits staff to focus teaching strategies directed on the learning needs and styles of girls. An early educational intervention program - starting with students who are three years old, excel academy offers an instructional program that promotes school readiness in literacy, math, and social development. "more time on task - students at excel academy are in academically rigorous le

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in the charter school's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The excel academy public charter school performed an evaluation of uncertain tax positions for the year ended june 30, 2016, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of june 30, 2016, the statute of limitations for tax years 2012 through 2014 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the organization files tax returns. It is the charter school's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of june 30, 2016, the charter school had no accruals for interest and/or penalties.

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IRS990/Desc0THE BOARD OF TRUSTEES, CHIEF EXECUTIVE OFFICER, FACULTY, AND STAFF AT EXCEL ACADEMY PUBLIC CHARTER SCHOOL ARE COMMITTED TO PROVIDING A STRONG SINGLE- SEX PUBLIC EDUCATION ALTERNATIVE FOR GIRLS LIVING AND LEARNING IN WASHINGTON, DC. EXCEL ACADEMY FIRMLY BELIEVES THAT ALL STUDENTS CAN ACHIEVE GREAT ACADEMIC SUCCESS. WE ARE DETERMINED TO PROVIDE GIRLS IN WASHINGTON, DC, WITH THE HIGHEST QUALITY SINGLE-SEX EDUCATION POSSIBLE. EXCEL ACADEMY OFFERS A UNIQUE SINGLE-SEX EDUCATIONAL MODEL FOR FEMALE STUDENTS IN THE DISTRICT. BASED ON AN EARLY EDUCATIONAL INTERVENTION MODEL THAT OFFERS PRESCHOOL FOR THREE-YEAR-OLDS TO PROMOTE SCHOOL READINESS, EXCEL IMPLEMENTS A CURRICULUM PROVEN TO BUILD STUDENT ACHIEVEMENT IN READING, WRITING, MATH, AND TO TEACH ETHICS, PERSONAL RESPONSIBILITY, AND HEALTHY CHOICES. WE USE EARLY AND FREQUENT ASSESSMENTS TO GAUGE STUDENTS' PROGRESS AND IDENTIFY ACADEMIC NEEDS FOR CLASSROOMS AND INDIVIDUAL STUDENTS, AND RESPOND TO THE DATA SUCH ASSESSMENTS PROVIDE WITH IMMEDIACY. WE HIRE HIGHLY SKILLED TEACHERS, PARTICIPATE IN ONGOING PROFESSIONAL DEVELOPMENT, AND CREATE AND MAINTAIN A COMMUNITY OF RESPECT AND COLLABORATION WITH OUR STAFF AND PARENTS. WE EMBRACE STUDENTS' PARENTS AND GUARDIANS AS ESSENTIAL PARTNERS IN THEIR STUDENT'S EDUCATION, AND WE REACH OUT TO FAMILIES AND THE WIDER COMMUNITY TO SUPPORT EXCEL ACADEMY'S GIRLS. FOUNDED BY KAYE SAVAGE, EXCEL ACADEMY WAS AUTHORIZED AND APPROVED BY THE DC PUBLIC CHARTER SCHOOL BOARD IN 2007. IN AUGUST 2008, THE SCHOOL OPENED IN A CHURCH BASEMENT WITH 134 PRESCHOOL, PRE-KINDERGARTEN AND KINDERGARTEN GIRLS. IN 2009, THE SCHOOL TOOK PARTIAL OCCUPANCY OF THE BIRNEY SCHOOL ON MARTIN LUTHER KING, JR. AVENUE SE, IN THE HEART OF THE BARRY FARM NEIGHBORHOOD IN ANACOSTIA. FROM 2008-2016, THE SCHOOL GREW TO SERVE OVER 700 PRESCHOOL THROUGH GRADE 7 SCHOLARS. IN AUGUST 2013, PREPARING FOR GROWTH THROUGH GRADE 8, THE SCHOOL EXPANDED TO OCCUPY THE ENTIRE 86,000 SQUARE FOOT BUILDING. EXCEL ACADEMY CONTINUES TO GROW IN STUDENT ENROLLMENT AND STAFF SIZE EVERY YEAR. EXCEL ACADEMY PROVIDES SCHOLARS WITH A STRONG STANDARDS-BASED ACADEMIC PROGRAM, GENDER SPECIFIC TEACHING AND INSTRUCTION, AND LEADERSHIP AND EXTRACURRICULAR OPPORTUNITIES. TWO TEACHING FACULTY MEMBERS ARE ASSIGNED TO EACH CLASSROOM FROM PRESCHOOL TO THIRD GRADE. THIS STRUCTURE PROVIDES A LOW STUDENT TO TEACHER RATIO AND ALLOWS TEACHERS TO DELIVER INSTRUCTION APPROPRIATELY SUITED TO INDIVIDUAL STUDENT NEEDS. STUDENTS ADVANCE BASED ON MASTERY OF THE CURRICULUM AND PROGRESS IS MEASURED CONTINUOUSLY USING STANDARDIZED ASSESSMENTS, RUBRICS AND CURRICULUM CHECKLISTS. DEVELOPING AND APPLYING EARLY LITERACY AND NUMERACY SKILLS IN A HIGHLY STRUCTURED SETTING IS A CRITICAL COMPONENT OF OUR ACADEMIC PROGRAM IN ORDER TO ENSURE STRONG FOUNDATIONAL SKILLS IN THE CORE SUBJECTS: READING, LANGUAGE, WRITING, MATHEMATICS, SCIENCE AND SOCIAL STUDIES. WE BELIEVE THAT THE SOONER GIRLS ARE ENROLLED IN EXCEL ACADEMY, THE GREATER THE IMPACT ON THEIR ACADEMIC ACHIEVEMENT AND PERSONAL DEVELOPMENT. EXCEL ACADEMY BEGINS WITH THE EARLIEST LEARNERS, PRE-SCHOOL, PRE-KINDERGARTEN AND KINDERGARTEN, TO ALLOW FOR THE MOVEMENT OF STUDENTS WHO MAY BE READY FOR MORE ADVANCED ACADEMIC WORK OR FOR THOSE WHO MAY NEED TO BE GROUPED WITH YOUNGER STUDENTS BASED ON ACADEMIC AND/OR SOCIAL-EMOTIONAL NEEDS. MUCH OF THE STUDENT SUCCESS IN THE EARLY YEARS OF SCHOOL AT EXCEL ACADEMY IS CONNECTED TO INTENSIVE AND COMPREHENSIVE READING AND WRITING TEACHING AND INSTRUCTION. STUDENTS RECEIVE DIRECT INSTRUCTION IN PHONICS, DECODING, VOCABULARY, HANDWRITING, WRITING, AND COMPREHENSION. THROUGH A VARIETY OF LEARNING TECHNIQUES, SMALL GROUP INSTRUCTION, CENTER WORK, READ ALOUD AND WRITER'S WORKSHOP, STUDENTS ARE EQUIPPED WITH THE NECESSARY TOOLS TO READ. EXCEL ACADEMY IS COMMITTED TO ENSURING THAT EVERY CHILD IS READY TO READ BY KINDERGARTEN AND IS A DEVELOPING READER BEFORE ENTERING FIRST GRADE. STUDENTS WHO DO NOT DEMONSTRATE PREPAREDNESS FOR READING WILL NOT BE PROMOTED TO KINDERGARTE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.03$0.00$0.93$0.92
2020Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$0.00$0.09$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.01$1.04$0.00$0.50$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.31$1.53$13.2$14.8$1.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$1.05$3.72$13.3$13.7$0.42
2016Detailed filing. Detailed filing data is available for this year.$5.34$1.20$4.14$13.6$13.1$0.48
2015Detailed filing. Detailed filing data is available for this year.$4.69$1.02$3.67$13.6$12.1$1.58
2014Detailed filing. Detailed filing data is available for this year.$3.30$0.98$2.33$10.8$10.6$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.62$2.10$7.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.47$1.44$6.43
2011Summary only. Only limited summary data is available for this year.$1.57$0.43$1.14$5.32$4.84$0.48