Civic Intelligence

Leonard and Susan Fuchs Mizrachi School

990 • Fiscal year 2020 • EIN 34-1400924

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

26600 Shaker BlvdBeachwood, OH 44122

(216) 932-0220

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.74x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

3.59x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

29th percentile

$236,092

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

13th percentile

-4.0%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

0.3%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Down

$54,227,597

Down $2,238,650 (-4.0%) from 2019

Net Assets

Down

$14,238,559

Down $7,655,028 (-35%) from 2019

Liabilities

Up

$39,989,038

Up $5,416,378 (+16%) from 2019

Revenue

Up

$11,153,405

Up $29,714 (+0.3%) from 2019

Expenses

Down

$13,268,384

Down $111,748 (-0.8%) from 2019

Net Income

Up

-$2,114,979

Up $141,462 (+6.3%) from 2019

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $55,682,294Liabilities 2010: $31,111,653Net Assets 2010: $24,570,6412010Assets 2011: $57,190,926Liabilities 2011: $29,574,112Net Assets 2011: $27,616,8142011Assets 2012: $54,555,510Liabilities 2012: $35,600,645Net Assets 2012: $18,954,8652012Assets 2013: $58,194,107Liabilities 2013: $31,723,134Net Assets 2013: $26,470,9732013Assets 2014: $60,737,968Liabilities 2014: $31,606,311Net Assets 2014: $29,131,6572014Assets 2015: $58,950,791Liabilities 2015: $33,572,565Net Assets 2015: $25,378,2262015Assets 2016: $55,628,028Liabilities 2016: $37,920,645Net Assets 2016: $17,707,3832016Assets 2017: $57,916,517Liabilities 2017: $33,901,528Net Assets 2017: $24,014,9892017Assets 2018: $58,101,857Liabilities 2018: $31,706,154Net Assets 2018: $26,395,7032018Assets 2019: $56,466,247Liabilities 2019: $34,572,660Net Assets 2019: $21,893,5872019Assets 2020: $54,227,597Liabilities 2020: $39,989,038Net Assets 2020: $14,238,5592020Assets 2021: $63,214,368Liabilities 2021: $35,172,571Net Assets 2021: $28,041,7972021Assets 2022: $55,961,591Liabilities 2022: $30,415,965Net Assets 2022: $25,545,6262022Assets 2023: $57,869,196Liabilities 2023: $28,466,478Net Assets 2023: $29,402,7182023Assets 2024: $62,175,102Liabilities 2024: $27,457,816Net Assets 2024: $34,717,2862024

Highlighted filing

2020

Assets$54,227,597
Liabilities$39,989,038
Net Assets$14,238,559

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,872,2842010Expenses 2011: $10,178,0832011Expenses 2012: $10,343,8282012Expenses 2013: $10,851,1192013Revenue 2014: $9,728,560Expenses 2014: $11,960,815Net Income 2014: -$2,232,2552014Revenue 2015: $10,562,846Expenses 2015: $12,671,050Net Income 2015: -$2,108,2042015Revenue 2016: $11,270,509Expenses 2016: $12,718,385Net Income 2016: -$1,447,8762016Revenue 2017: $11,067,674Expenses 2017: $12,902,796Net Income 2017: -$1,835,1222017Revenue 2018: $11,136,868Expenses 2018: $12,679,928Net Income 2018: -$1,543,0602018Revenue 2019: $11,123,691Expenses 2019: $13,380,132Net Income 2019: -$2,256,4412019Revenue 2020: $11,153,405Expenses 2020: $13,268,384Net Income 2020: -$2,114,9792020Revenue 2021: $13,451,315Expenses 2021: $13,642,814Net Income 2021: -$191,4992021Revenue 2022: $12,768,559Expenses 2022: $13,699,034Net Income 2022: -$930,4752022Revenue 2023: $13,457,356Expenses 2023: $14,471,566Net Income 2023: -$1,014,2102023Revenue 2024: $14,807,441Expenses 2024: $15,194,309Net Income 2024: -$386,8682024

Highlighted filing

2020

Revenue$11,153,405
Expenses$13,268,384
Net Income-$2,114,979
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.1
Gross Receipts
$11,234,377
Mission and Program Overview

Mission

The mission of fuchs mizrachi school is to educate each child in the orthodox jewish religious zionist tradition, imbued with the love of g-d, torah, people and the land of israel.

To educate each child in the orthodox jewish religious zionist tradition, imbued with the love of g-d, torah, people and the land of israel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,459,531$20,881,500▼ $578,031
Investments in Publicly Traded Securities$3,014,992$2,843,674▼ $171,318
Cash and Non-Interest-Bearing Accounts$49,595$595,622▲ $546,027
Pledges and Grants Receivable$609,199$592,327▼ $16,872
Accounts Receivable$104,124$133,234▲ $29,110
Savings and Temporary Cash Investments$58,927$113,400▲ $54,473
Prepaid Expenses and Deferred Charges$15,355$13,380▼ $1,975
Other Notes and Loans Receivable, Net$28,532$13,329▼ $15,203
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$56,466,247$54,227,597▼ $2,238,650
Other Assets Total$31,125,992$29,041,131▼ $2,084,861
Liabilities
Tax Exempt Bond Liabilities$24,513,530$24,523,678▲ $10,148
Other Liabilities$7,258,226$13,290,883▲ $6,032,657
Mortgage Notes Payable Secured by Investment Property$1,331,102$1,066,670▼ $264,432
Accounts Payable and Accrued Expenses$975,403$917,864▼ $57,539
Deferred Revenue$428,574$137,283▼ $291,291
Unsecured Notes Loans Payable$65,825$52,660▼ $13,165
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$34,572,660$39,989,038▲ $5,416,378
Net Assets / Fund Balance
Net Assets With Donor Restrictions$34,478,410$32,336,034▼ $2,142,376
Net Assets Without Donor Restrictions$-12,584,823$-18,097,475▼ $5,512,652
Total Net Assets Fund Balance$21,893,587$14,238,559▼ $7,655,028
Total Liabilities and Net Assets / Fund Balance$56,466,247$54,227,597▼ $2,238,650

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,237,952$6,431,868$25,669,638
Land$1,592,890-$1,592,890
Equipment$46,233$1,405,245$1,451,478
Other Land Buildings$4,425$57,473$61,898
Other Assets Org$29,041,131--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$34,072,480$6,948▼ $412,014$1,736,674$31,930,740
2018$34,885,868$9,045▲ $914,913$1,737,346$34,072,480
2017$34,196,452$20,136▲ $2,405,335$1,736,055$34,885,868
2016$30,969,623$37,386▲ $4,924,998$1,735,555$34,196,452
2015$33,732,652$152,902▼ $1,130,551$1,785,380$30,969,623
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rabbi Avery JoelHead of SchoolFT$226,090$10,002$236,092
Jason NedleyDirector of FinanceFT$140,375$10,020$150,395
Marina LeydikerChief Operating OfficerFT$115,850$4,588$120,438
Lauren GinsburgPrincipal - Lower SchoolFT$106,899$5,399$112,298

Board Members and Trustees

NameTitle
Leonard FuchsChairman of the Board
Adam WiederPresident
Eliav SharvitVice President
Amy AschkenasyTrustee
Andrew GoldsteinTrustee
Aviva KleinTrustee
Brian FoxTrustee
Chaya SlainTrustee
Dan MesselofTrustee
Danielle WildTrustee
Dr Ari WiesenTrustee
Dr Avi JacobsTrustee
Dr Danny AsherTrustee
Dr Moshe OrnsteinTrustee
Ethan SteinTrustee
Ezra StarkTrustee
Howard SlaterTrustee
JOseph SHAFRANTrustee
Jane LefkoTrustee
Jeffrey WildTrustee
Jeremy SteigerTrustee
Karen MaroccoTrustee
Laura WolfTrustee
Lindsey MayerfeldTrustee
Michelle ArbesmanTrustee
Rebecca Bar-shainTrustee
Richard UriaTrustee
Sara HurandTrustee
Tamar SmithTrustee
Zev JacobyTrustee
dr YOSEF RUDOLPHTrustee
Judy WeissTrustee for Life
Marla Comet-starkTrustee for Life
Meyer SendersTrustee for Life
Morry WeissTrustee for Life
Rabbi Melvin L GranatsteinTrustee for Life
Robert L StarkTrustee for Life
Susan FuchsTrustee for Life
Barbie TaubSecretary
Mitch WolfTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
De Grounds Building MaintenanceCleaning/landscaping14918 KINGSFORD AVENUE, Cleveland, OH 44128$186,985
Force SportsAthletic Services26555 Richmond Rd, Bedford Heights, OH 44146$137,075
Revenue and Support

Revenue Composition

Contributions and Grants
$3,031,459
Program Service Revenue
$7,902,161
Investment Income
$267,928
Other Revenue
$-48,143
All Other Contributions
$1,621,874
Change in Net Assets
$-2,114,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,833,426
Revenue Not Reported on Financial Statements
$3,319,979
Revenue Not Reported on Form 990
$-594,669
Other Revenue Adjustments
$3,319,979
Total Revenue per Audited Statements
$7,238,757
Total Revenue per Form 990
$11,153,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,124,843
Other Expenses$3,823,562
Grants and Similar Amounts Paid$3,319,979
Total Fundraising Expense$363,226
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,488,204$230,968$187,189$4,906,361
Grants to Domestic Individuals$3,319,979--$3,319,979
Interest$868,851$96,539-$965,390
Depreciation Depletion$652,176$72,464-$724,640
Occupancy$500,661$55,629-$556,290
Current Officers, Directors, Trustees, and Key Employees$375,853$19,342$15,676$410,871
Other Employee Benefits$348,196$17,919$14,522$380,637
Payroll Taxes$301,119$15,496$12,559$329,174
Fees for Services Other$152,526$16,947-$169,473
Pension Plan Contributions$89,465$4,604$3,731$97,800
Office Expenses$84,272$9,364-$93,636
All Other Expenses-$2,632$48,371$51,003
Other Expenses$31,034$5,957$3,400$36,991
Fees for Services Accounting$28,890$3,210-$32,100
Fees for Services Legal$3,960$440-$4,400
Total Functional Expenses$12,187,514$717,644$363,226$13,268,384

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,268,384
Total Expenses per Audited Statements$10,029,377
Expenses per Audited Statements$9,948,405
Expenses Not Reported on Financial Statements$3,319,979
Other Expense Adjustments$3,319,979
Expenses Not Reported on Form 990$80,972
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$80,972
Fundraising Gross Income$3,806
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Corporate$10,300$10,300$2,941$7,359
Shabbaton-$-12,500$43,100$-55,600
Total Events$16,306$3,806$80,972$-77,166
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$9,290,077
Accrued Pension Liability$2,822,443
Paycheck Protection Program Loan$1,168,300
Charitable Gift Annuity Payable$10,063

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Educational & Cultural Facilities (cecfa)2018-02-01$24,708,870Refinance prior bond issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$24,708,870$0$24,500,000$208,870

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 35% controlled entity
No
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
No
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, PART VI, SECTION A, LINE 2:

THE FOLLOWING BOARD TRUSTEES HAVE A FAMILY RELATIONSHIP: - Leonard Fuchs & Susan Fuchs - Ezra Stark, Robert Stark & Marla COMET-Stark - Mitch Wolf & Laura Wolf - Jeffery Wild & Danielle Wild - Morry Weiss & Judy Weiss

FORM 990, PART VI, SECTION B, LINE 11B:

Copies of the prepared Form 990 are submitted to the School's Finance and Executive Committees for review before filing. After filing, copies of the Form 990 are made available to the School's Board of Trustees.

FORM 990, PART VI, SECTION B, LINE 12C:

Members of the Board of Trustees annually receive a copy of the policy and complete a questionnaire to disclose any potential conflicts.

FORM 990, PART VI, SECTION B, LINE 15:

Compensation and adjustments are determined by comparing salaries with similar organizations throughout the country.

FORM 990, PART VI, SECTION C, LINE 19:

Fuchs mizrachi school does not make its governing documents, conflict of interest policy and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Fuchs Mizrachi Schools
EIN
34-1400924
In Care Of
% JASON NEDLEY
Phone
2169320220
Address
26600 SHAKER BLVD, BEACHWOOD, OH 44122

Signing Officer

Name
Rabbi Avery Joel
Title
Head of School
Phone
2169320220
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rabbi Avery Joel
Formed
1983
Legal Domicile
Oh
Voting Board Members
40
Independent Board Members
40
Employees
127
Volunteers
59

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A:

Upper school (6th grade through 12th grade) fuchs mizrachi high school is committed to nurturing each student so that they can achieve their emotional, intellectual, and religious potential. We offer a dual curriculum in both judaic and secular classes with students taking an average of nine periods daily. We adhere to the guidelines of the state of ohio and proudly boast of our success on the ohio graduation tests. There are parallel tracts, honors and college preparatory in each discipline to ensure that individual needs are met. Our students are sought out by the top universities in the country and have enjoyed great success in college. We encourage our students to continue their development by studying in israel immediately after high school and are delighted by the overwhelming majority of graduates who attend the finest institutions of higher learning in israel. In our effort to develop all aspects of our students' personalities, a full range of extracurricular activities are both offered and supported. Both boys and girls participate on athletic teams and our school sends a delegation to yeshiva university's model u.n. Annual competition. Students are involved in a myriad of projects assisting the community with the highlight being our two "let's make a difference" days. The school partners with local youth groups such as bnei akiva and ncsy where the children develop critical leadership skills. We believe that fuchs mizrachi graduates are ready to change the world.

FORM 990, PART III, LINE 4B:

LOWER SCHOOL (1ST GRADE - 5TH GRADE) AS STUDENTS ARE PREPARED FOR LIFE IN THE TWENTY-FIRST CENTURY, THE CRITICAL ROLE THAT GENERAL KNOWLEDGE WILL PLAY IN THEIR LIVES IS RECOGNIZED. AS A RESULT, READING, MATHEMATICS, SCIENCE, LANGUAGE ARTS, SOCIAL STUDIES, HEALTH, USE OF TECHNOLOGY, MUSIC, ART AND PHYSICAL EDUCATION ARE STRESSED AS ESSENTIAL COMPONENTS OF A WELL-BALANCED AND COMPREHENSIVE PROGRAM OF GENERAL STUDIES. ANALYTICAL REASONING AND CONCEPTUAL UNDERSTANDING ARE EMPHASIZED BEYOND THE MERE ACQUISITION OF BASIC SKILLS. STUDENTS PARTICIPATE IN THE KINDS OF LEARNING PROGRAMS THAT ONE WOULD EXPECT OF ANY FORWARD-THINKING Independent SCHOOL. THERE IS A HEAVY EMPHASIS ON READING, CREATIVE WRITING, RESEARCH AND USE OF WEB-BASED MATERIALS. THE SCHOOL ALSO PROVIDES SUPPORT SERVICES FOR CHILDREN WITH SPECIAL NEEDS. EXTRACURRICULAR ACTIVITIES INCLUDE SPORTS, DRAMA, NEWSPAPER AND STUDENT COUNCIL. GRADES 1-6 ARE SELF-CONTAINED. FUCHS MIZRACHI SCHOOL HAS EMERGED AS A SCHOOL RESPECTED FOR PROVIDING A BALANCED EDUCATION THAT ENCOURAGES CURIOSITY AND INTELLECTUAL EXPLORATION. IT FOSTERS EMPHASIS ON TOTAL EXCELLENCE AND RESPECT FOR DIFFERING IDEAS AND BELIEFS.

FORM 990, PART III, LINE 4C:

Ecp (pre-nursery, pre-k, and kindergarten) the early childhood program at fuchs mizrachi school provides a safe and nurturing environment that promotes the physical, social, emotional, and cognitive development of young children in a developmentally appropriate way while responding to the needs of families. Faculty members create an environment that provides stimulating, challenging materials and activities for children integrating areas of secular and judaic knowledge. The teachers act as guides or facilitators as they closely observe to see what children understand; they then pose additional challenges to encourage further exploration. To attain our goals, the early childhood classrooms are set up in learning centers: blocks, dramatic play, science, math, creative arts and language arts. Throughout these centers, children are given many opportunities to explore materials and ideas in a context relevant to them thereby making their learning meaningful. All early childhood classes are supplemented by instruction in the areas of music, art and physical education by specialists in these areas. The early childhood program is fully licensed by the state of ohio department of job and family services (odjfs) and supported by a licensed early childhood program director.

FORM 990, PART XI, LINE 9:

Change in interest rate swap -4,269,889 change in unfunded pension liability -594,519 -------------- total -4,864,408

Financial Statement Notes

PART V, LINE 4:

The school's endowment consists of eight individual funds established for the purpose of funding operating expenses of the school.

PART X, LINE 2:

The internal revenue service has ruled that the school qualifies under section 501(c)(3) of the internal revenue code and is, therefore, not subject to tax under present federal income tax laws. The school has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a) of the internal revenue code. Income taxes on unrelated business income, if any, are provided at the applicable rates on income for financial reporting purposes. The school follows gaap for uncertainty in income taxes. The school's income tax filings are subject to audit by various taxing authorities. In evaluating the school's activities, the school believes its position of tax-exempt status is appropriate based on current facts and circumstances. The school has assessed that there are no activities unrelated to the purpose of the school and therefore no tax is to be recognized for the year ended june 30, 2020. It is the policy of the school to include in administrative expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in operating expenses for the year ended june 30, 2020.

PART XI, LINE 2D AND PART XII, LINE 2D:

Direct special event expense

PART XI, LINE 4B AND PART XII, LINE 4B:

FINANCIAL AID ASSISTANCE

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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.$62.2$27.5$34.7$14.8$15.2$0.39
2023Detailed filing. Detailed filing data is available for this year.$57.9$28.5$29.4$13.5$14.5$1.01
2022Detailed filing. Detailed filing data is available for this year.$56.0$30.4$25.5$12.8$13.7$0.93
2021Detailed filing. Detailed filing data is available for this year.$63.2$35.2$28.0$13.5$13.6$0.19
2020Detailed filing. Detailed filing data is available for this year.$54.2$40.0$14.2$11.2$13.3$2.11
2019Detailed filing. Detailed filing data is available for this year.$56.5$34.6$21.9$11.1$13.4$2.26
2018Detailed filing. Detailed filing data is available for this year.$58.1$31.7$26.4$11.1$12.7$1.54
2017Detailed filing. Detailed filing data is available for this year.$57.9$33.9$24.0$11.1$12.9$1.84
2016Detailed filing. Detailed filing data is available for this year.$55.6$37.9$17.7$11.3$12.7$1.45
2015Detailed filing. Detailed filing data is available for this year.$59.0$33.6$25.4$10.6$12.7$2.11
2014Detailed filing. Detailed filing data is available for this year.$60.7$31.6$29.1$9.73$12.0$2.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.2$31.7$26.5$10.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.6$35.6$19.0$10.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.2$29.6$27.6$10.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.7$31.1$24.6$7.87