Civic Intelligence

Beta Theta Pi Fraternity

990 • Fiscal year 2024 • EIN 41-0150350

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 10, 2024

2221 University Ave SE Ste 111Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.23x

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.05x

Higher debt load relative to revenue than 72% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

54th percentile

3.8%

Higher net margin than 54% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

66th percentile

9.0%

Faster asset growth than 66% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

-3.8%

Faster revenue growth than 34% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$71,756

Up $5,920 (+9.0%) from 2023

Net Assets

Up

$55,056

Up $11,720 (+27%) from 2023

Liabilities

Down

$16,700

Down $5,800 (-26%) from 2023

Revenue

Down

$305,638

Down $12,072 (-3.8%) from 2023

Expenses

Down

$293,919

Down $31,289 (-9.6%) from 2023

Net Income

Up

$11,719

Up $19,217 (+256%) from 2023

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $54,829Liabilities 2011: $13,382Net Assets 2011: $41,4472011Assets 2012: $66,504Liabilities 2012: $22,150Net Assets 2012: $44,3542012Assets 2013: $95,503Liabilities 2013: $25,221Net Assets 2013: $70,2822013Assets 2014: $87,295Liabilities 2014: $14,882Net Assets 2014: $72,4132014Assets 2015: $113,983Liabilities 2015: $38,728Net Assets 2015: $75,2552015Assets 2016: $93,544Liabilities 2016: $5,121Net Assets 2016: $88,4232016Assets 2017: $103,361Liabilities 2017: $12,373Net Assets 2017: $90,9882017Assets 2018: $108,264Liabilities 2018: $18,814Net Assets 2018: $89,4502018Assets 2019: $107,317Liabilities 2019: $15,472Net Assets 2019: $91,8452019Assets 2020: $145,034Liabilities 2020: $24,949Net Assets 2020: $120,0852020Assets 2021: $145,077Liabilities 2021: $22,384Net Assets 2021: $122,6932021Assets 2022: $63,023Liabilities 2022: $12,188Net Assets 2022: $50,8352022Assets 2023: $65,836Liabilities 2023: $22,500Net Assets 2023: $43,3362023Assets 2024: $71,756Liabilities 2024: $16,700Net Assets 2024: $55,0562024Assets 2025: $96,905Liabilities 2025: $14,127Net Assets 2025: $82,7782025

Highlighted filing

2024

Assets$71,756
Liabilities$16,700
Net Assets$55,056

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: $235,947Expenses 2011: $249,291Net Income 2011: -$13,3442011Revenue 2012: $268,448Expenses 2012: $265,541Net Income 2012: $2,9072012Revenue 2013: $298,352Expenses 2013: $272,425Net Income 2013: $25,9272013Revenue 2014: $303,868Expenses 2014: $301,737Net Income 2014: $2,1312014Revenue 2015: $316,538Expenses 2015: $313,696Net Income 2015: $2,8422015Revenue 2016: $302,255Expenses 2016: $289,089Net Income 2016: $13,1662016Revenue 2017: $311,744Expenses 2017: $309,176Net Income 2017: $2,5682017Revenue 2018: $40,859Expenses 2018: $342,390Net Income 2018: -$301,5312018Revenue 2019: $346,702Expenses 2019: $344,307Net Income 2019: $2,3952019Revenue 2020: $364,726Expenses 2020: $336,486Net Income 2020: $28,2402020Revenue 2021: $285,586Expenses 2021: $282,978Net Income 2021: $2,6082021Revenue 2022: $227,577Expenses 2022: $299,435Net Income 2022: -$71,8582022Revenue 2023: $317,710Expenses 2023: $325,208Net Income 2023: -$7,4982023Revenue 2024: $305,638Expenses 2024: $293,919Net Income 2024: $11,7192024Revenue 2025: $395,382Expenses 2025: $367,660Net Income 2025: $27,7222025

Highlighted filing

2024

Revenue$305,638
Expenses$293,919
Net Income$11,719
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 10, 2024
Return Version
2023v5.1
Gross Receipts
$305,838
Mission and Program Overview

Mission

Social club-providing collegiate fraternity housing, activities and environment

Providing collegiate fraternity housing, activities and environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$43,336$55,056▲ $11,720
Cash and Non-Interest-Bearing Accounts$8,381$38,144▲ $29,763
Accounts Receivable$35,037$23,780▼ $11,257
Investments Program Related$3,240$3,240→ $0
Land, Buildings, and Equipment, Net$0$1,950▲ $1,950
Savings and Temporary Cash Investments$1,010$1,010→ $0
Inventories for Sale or Use$200$100▼ $100
Prepaid Expenses and Deferred Charges$12,968$32▼ $12,936
Total Assets$65,836$71,756▲ $5,920
Other Assets Total$5,000$3,500▼ $1,500
Liabilities
Deferred Revenue$14,417$10,086▼ $4,331
Accounts Payable and Accrued Expenses$3,783$3,514▼ $269
Other Liabilities$4,300$3,100▼ $1,200
Total Liabilities$22,500$16,700▼ $5,800
Net Assets / Fund Balance
Total Net Assets Fund Balance$43,336$55,056▲ $11,720
Total Liabilities and Net Assets / Fund Balance$65,836$71,756▲ $5,920

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,950$10,255-
Other Assets Org$3,500--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mikil FossPresident
Samuel GarberVice-pres Brotherhood
Arnav JainVice-pres Communications
Jacob PolzinVice-pres Finance
Tyler DrewVice-pres New Mbr Ed
Connor GrafVice-pres Progrmming
Jacob LoveallVice-pres Recruitment
Nicholas JohnsonVice-pres Risk Mgmt
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$303,248
Investment Income
$34
Other Revenue
$2,356
Change in Net Assets
$11,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,883
Salaries, Compensation, and Employee Benefits$37,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$151,754$0$0$151,754
Other Salaries and Wages$32,452$0$0$32,452
Payments to Affiliates$10,653$0$0$10,653
Insurance$8,700$0$0$8,700
Fees for Services Accounting$5,940$0$0$5,940
Payroll Taxes$4,584$0$0$4,584
Conferences and Meetings$3,255$0$0$3,255
Other Expenses$1,388$0$0$1,388
Office Expenses$1,088$0$0$1,088
Depreciation Depletion$150$0$0$150
Interest$103$0$0$103
Total Functional Expenses$293,919$0$0$293,919
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$200
Gaming Gross Income$200
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$3,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Beta Theta Pi Fraternity
EIN
41-0150350
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Jacob Polzin
Title
VP Finance
Phone
6126245015
Signed
2024-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trevor Frane
Formed
1889
Legal Domicile
Mn
Voting Board Members
36
Independent Board Members
36
Employees
1
Volunteers
44

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Michelle Ballensky
Phone
6126245015
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Treasurer reviews the 990 before signing. Then the rest of the executive board is made aware of it

Pt VI, Line 12C

Members are required to disclose any potential conflicts of interest. It is brought to the attention of the executive committee at the weekly meetings. Separation of duties and a clear line of payment is made to ensure there is no misappropriation of funds.

Pt VI, Line 19

The organizations governing documents, conflict of interest policy and financial statements are available to the public upon request.

Pt VI, Line 6

Yes, the organization has members

Pt VI, Line 7A

Yes, the organization has members that have the power to elect the members of the governing board

Pt VI, Line 7B

Yes, certain decisions are subject to the approval by all members not just the executive committee

Pt XI

Change in net fund balances is a result of rounding

Raw XML Appendix396 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/Form990PartVIISectionAGrp/TitleTxt2VICE-PRES COMMUNICATIONS
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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE-PRES FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE-PRES NEW MBR ED
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE-PRES RISK MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE-PRES RECRUITMENT
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IRS990/ProgramServiceRevenueGrp/BusinessCd2813410
IRS990/ProgramServiceRevenueGrp/Desc0RENT,BOARD
IRS990/ProgramServiceRevenueGrp/Desc1CHAPTER DUES
IRS990/ProgramServiceRevenueGrp/Desc2SOCIAL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0228508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt165895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28845
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03034
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01142
IRS990/PYGrantsAndSimilarPaidAmt05674
IRS990/PYInvestmentIncomeAmt0573
IRS990/PYOtherExpensesAmt0282995
IRS990/PYOtherRevenueAmt09006
IRS990/PYProgramServiceRevenueAmt0306989
IRS990/PYRevenuesLessExpensesAmt0-7498
IRS990/PYSalariesCompEmpBnftPaidAmt036539
IRS990/PYTotalExpensesAmt0325208
IRS990/PYTotalRevenueAmt0317710
IRS990/ReconcilationRevenueExpnssAmt011719
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt043336
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt055056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01010
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01010
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01950
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010255
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt012205
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0COOPERATIVE PREPAID DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01950
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03500
IRS990ScheduleD/TotalLiabilityAmt03100
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER REVIEWS THE 990 BEFORE SIGNING. THEN THE REST OF THE EXECUTIVE BOARD IS MADE AWARE OF IT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. IT IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE AT THE WEEKLY MEETINGS. SEPARATION OF DUTIES AND A CLEAR LINE OF PAYMENT IS MADE TO ENSURE THERE IS NO MISAPPROPRIATION OF FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES, THE ORGANIZATION HAS MEMBERS THAT HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YES, CERTAIN DECISIONS ARE SUBJECT TO THE APPROVAL BY ALL MEMBERS NOT JUST THE EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN NET FUND BALANCES IS A RESULT OF ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt065836
IRS990/TotalAssetsEOYAmt071756
IRS990/TotalAssetsGrp/BOYAmt065836
IRS990/TotalAssetsGrp/EOYAmt071756
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0293919
IRS990/TotalFunctionalExpensesGrp/TotalAmt0293919
IRS990/TotalGrossUBIAmt03068
IRS990/TotalLiabilitiesBOYAmt022500
IRS990/TotalLiabilitiesEOYAmt016700
IRS990/TotalLiabilitiesGrp/BOYAmt022500
IRS990/TotalLiabilitiesGrp/EOYAmt016700
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043336
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt055056
IRS990/TotalProgramServiceRevenueAmt0303248
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0302570
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0305638
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03068
IRS990/TotalVolunteersCnt044
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt065836
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071756
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt01625 UNIVERSITY AVE SE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055414
IRS990/VotingMembersGoverningBodyCnt036
IRS990/VotingMembersIndependentCnt036
IRS990/WebsiteAddressTxt0UMN.BETA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACOB POLZIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETA THETA PI FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0410150350
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410265424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fraternity Purchasing Association
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 University Ave SE Ste 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02024-11-11T07:02:02-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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.$0.97$0.14$0.83$3.95$3.68$0.28
2024Detailed filing. Detailed filing data is available for this year.$0.72$0.17$0.55$3.06$2.94$0.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.23$0.43$3.18$3.25$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.12$0.51$2.28$2.99$0.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.22$1.23$2.86$2.83$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.25$1.20$3.65$3.36$0.28
2019Summary only. Only limited summary data is available for this year.$1.07$0.15$0.92$3.47$3.44$0.02
2018Summary only. Only limited summary data is available for this year.$1.08$0.19$0.89$0.41$3.42$3.02
2017Summary only. Only limited summary data is available for this year.$1.03$0.12$0.91$3.12$3.09$0.03
2016Summary only. Only limited summary data is available for this year.$0.94$0.05$0.88$3.02$2.89$0.13
2015Summary only. Only limited summary data is available for this year.$1.14$0.39$0.75$3.17$3.14$0.03
2014Summary only. Only limited summary data is available for this year.$0.87$0.15$0.72$3.04$3.02$0.02
2013Summary only. Only limited summary data is available for this year.$0.96$0.25$0.70$2.98$2.72$0.26
2012Summary only. Only limited summary data is available for this year.$0.67$0.22$0.44$2.68$2.66$0.03
2011Summary only. Only limited summary data is available for this year.$0.55$0.13$0.41$2.36$2.49$0.13