Civic Intelligence

The Washington Ballet

990 • Fiscal year 2017 • EIN 52-0846173

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

3515 Wisconsin Avenue NWWashington, DC 20016

(202) 362-3606

Siviq Scores

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

Liabilities / Assets

81st percentile

0.67x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.46x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

8th percentile

-29%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$203,129

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

3rd percentile

-21%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-5.3%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$7,185,985

Down $1,908,288 (-21%) from 2016

Net Assets

Down

$2,348,506

Down $2,956,888 (-56%) from 2016

Liabilities

Up

$4,837,479

Up $1,048,600 (+28%) from 2016

Revenue

Down

$10,426,971

Down $584,485 (-5.3%) from 2016

Expenses

Up

$13,405,688

Up $1,013,309 (+8.2%) from 2016

Net Income

Down

-$2,978,717

Down $1,597,794 (-116%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $6,952,817Liabilities 2011: $2,086,276Net Assets 2011: $4,866,5412011Assets 2012: $7,148,196Liabilities 2012: $2,070,132Net Assets 2012: $5,078,0642012Assets 2013: $7,772,477Liabilities 2013: $2,035,955Net Assets 2013: $5,736,5222013Assets 2014: $8,528,078Liabilities 2014: $2,179,704Net Assets 2014: $6,348,3742014Assets 2015: $8,955,415Liabilities 2015: $2,275,584Net Assets 2015: $6,679,8312015Assets 2016: $9,094,273Liabilities 2016: $3,788,879Net Assets 2016: $5,305,3942016Assets 2017: $7,185,985Liabilities 2017: $4,837,479Net Assets 2017: $2,348,5062017Assets 2018: $7,170,943Liabilities 2018: $5,285,653Net Assets 2018: $1,885,2902018Assets 2019: $6,992,977Liabilities 2019: $5,205,689Net Assets 2019: $1,787,2882019Assets 2020: $6,504,363Liabilities 2020: $3,875,162Net Assets 2020: $2,629,2012020Assets 2021: $7,153,807Liabilities 2021: $4,029,617Net Assets 2021: $3,124,1902021Assets 2022: $10,311,338Liabilities 2022: $2,615,930Net Assets 2022: $7,695,4082022Assets 2023: $10,504,198Liabilities 2023: $4,554,340Net Assets 2023: $5,949,8582023Assets 2024: $9,947,354Liabilities 2024: $4,123,171Net Assets 2024: $5,824,1832024

Highlighted filing

2017

Assets$7,185,985
Liabilities$4,837,479
Net Assets$2,348,506

Operations Trend

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

$20M$10M$0-$10MRevenue 2011: $7,910,958Expenses 2011: $8,036,198Net Income 2011: -$125,2402011Revenue 2012: $9,236,579Expenses 2012: $9,021,576Net Income 2012: $215,0032012Revenue 2013: $9,906,574Expenses 2013: $9,377,151Net Income 2013: $529,4232013Revenue 2014: $9,641,742Expenses 2014: $9,197,687Net Income 2014: $444,0552014Revenue 2015: $11,147,335Expenses 2015: $10,696,413Net Income 2015: $450,9222015Revenue 2016: $11,011,456Expenses 2016: $12,392,379Net Income 2016: -$1,380,9232016Revenue 2017: $10,426,971Expenses 2017: $13,405,688Net Income 2017: -$2,978,7172017Revenue 2018: $12,358,090Expenses 2018: $12,846,113Net Income 2018: -$488,0232018Revenue 2019: $13,243,060Expenses 2019: $13,341,948Net Income 2019: -$98,8882019Revenue 2020: $13,347,355Expenses 2020: $12,502,475Net Income 2020: $844,8802020Revenue 2021: $8,999,163Expenses 2021: $8,508,178Net Income 2021: $490,9852021Revenue 2022: $18,394,920Expenses 2022: $13,819,836Net Income 2022: $4,575,0842022Revenue 2023: $14,203,579Expenses 2023: $15,948,434Net Income 2023: -$1,744,8552023Revenue 2024: $14,155,569Expenses 2024: $14,287,140Net Income 2024: -$131,5712024

Highlighted filing

2017

Revenue$10,426,971
Expenses$13,405,688
Net Income-$2,978,717
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.1
Gross Receipts
$12,559,758
Mission and Program Overview

Mission

See schedule othe mission of the washington ballet is: to bring the joy and artistry of dance to the nation's capital and the world's stage through the professional presentation of the best in classic and contemporary ballet to provide the highest caliber of dance training through a preeminent school of ballet to serve and involve the entire community through extensive dance education and community engagement programs

Operation of a professional performance company and the washington school of ballet and service of the greater washington, dc area through community engagement programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,463,662$5,981,695▼ $481,967
Pledges and Grants Receivable$339,744$427,919▲ $88,175
Investments in Publicly Traded Securities$1,157,229$325,833▼ $831,396
Prepaid Expenses and Deferred Charges$199,668$139,596▼ $60,072
Cash and Non-Interest-Bearing Accounts$327,627$119,445▼ $208,182
Inventories for Sale or Use$142,958$48,340▼ $94,618
Accounts Receivable$374,783$42,032▼ $332,751
Savings and Temporary Cash Investments$33,394$38,250▲ $4,856
Other Notes and Loans Receivable, Net$0$0→ $0
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
Loans From Officers Directors$0$0→ $0
Total Assets$9,094,273$7,185,985▼ $1,908,288
Other Assets Total$55,208$62,875▲ $7,667
Liabilities
Accounts Payable and Accrued Expenses$1,176,825$1,826,765▲ $649,940
Mortgage Notes Payable Secured by Investment Property$983,391$1,337,925▲ $354,534
Deferred Revenue$1,119,682$1,189,866▲ $70,184
Other Liabilities$508,981$482,923▼ $26,058
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,788,879$4,837,479▲ $1,048,600
Net Assets / Fund Balance
Unrestricted Net Assets$3,920,935$1,664,609▼ $2,256,326
Permanently Rstr Net Assets$621,423$621,423→ $0
Temporarily Rstr Net Assets$763,036$62,474▼ $700,562
Total Net Assets Fund Balance$5,305,394$2,348,506▼ $2,956,888
Total Liabilities and Net Assets / Fund Balance$9,094,273$7,185,985▼ $1,908,288

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,720,036$2,141,967$4,862,003
Leasehold Improvements$1,285,359$428,883$1,714,242
Land$1,400,225-$1,400,225
Equipment$567,383$596,032$1,163,415
Other Land Buildings$8,692$32,981$41,673

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,212,247-▲ $107,986$698,810$621,423
2015$1,628,289$0▲ $23,473$439,515$1,212,247
2014$1,305,464$0▲ $73,784$78,102$1,301,146
2013$1,120,226$0▲ $250,800$65,562$1,305,464
2012$993,502$0▲ $183,130$56,406$1,120,226
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Septime WebreARTISTIC DIRECTOR-until 6/2016FT$100,000$103,129$203,129
Shakira SegundoExecutive DirectorFT$147,144$4,428$151,572
Rosemarie VergilioDirector of Marketing and CommFT$141,425$4,428$145,853
Julie Kent-BarbeeArtistic Director-eff. 7/2016FT$129,532$3,129$132,661

Board Members and Trustees

NameTitle
Sylvia A de LeonBoard Chair
Eve Auchincloss LilleyFirst Vice CHair
Reginald Van LeeSecond Vice Chair
Anna Marie Parisi-TroneBoard Member
Ashley BronczekBoard Member
Barbara FerraraBoard Member
Barbara RothkopfBoard Member
Bill BeyerBoard Member
Brian W JonesBoard Member
Carrie MarriottBoard Member
Cathy BrentzelBoard Member
David A DorrosBoard Member
David HallbergBoard Member
Deborah Stark SigmundBoard Member
Dorothy Pierce McSweenyBoard Member
Eve GerberBoard Member
Frank LoyBoard Member
Gregory Y LubarBoard Member
Huberta von Voss-WittigBoard Member
James Edmund DatriBoard Member
Jane R CafritzBoard Member
Janice KimBoard Member
Judy Heisley BishopBoard Member
Kristin KuehlBoard Member
Lois EnglandBoard Member
Lou Hill DavidsonBoard Member
Maral K SkelseyBoard Member
Marth MuwuuadBoard Member
Michele RobertsBoard Member
Peter ManosBoard Member
Roxanne CasscellsBoard Member
Sandra BerlerBoard Member
Timothy BorkBoard Member
Timothy E OwensBoard Member
W Christopher Smith JrBoard Member
Winston Bao LordBoard Member
Jean-Marie FernandezBoard Secretary
Michael B GoldsteinGeneral Counsel
Nowell RushTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
American UniversityStudent HousingPO Box 347149, Pittsburgh, PA 15251$108,480
Revenue and Support

Revenue Composition

Contributions and Grants
$2,942,518
Program Service Revenue
$7,313,601
Investment Income
$86,156
Other Revenue
$84,696
All Other Contributions
$1,958,099
Change in Net Assets
$-2,978,717

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$107,901Fair Market Value (FMV)
Total Noncash Contributions9$107,901-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,068,069
Salaries, Compensation, and Employee Benefits$6,149,973
Total Fundraising Expense$530,959
Grants and Similar Amounts Paid$187,646
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,339,164$251,815$287,887$4,878,866
Fees for Services Other$2,107,284$170,074$82,012$2,359,370
Occupancy$1,439,787$11,334$4,085$1,455,206
Advertising$890,242$37$33,851$924,130
Other Employee Benefits$490,622$64,875$23,420$578,917
Depreciation Depletion$483,428$41,711$15,032$540,171
Payroll Taxes$388,503$31,310$24,719$444,532
Office Expenses$121,427$198,612$33,079$353,118
Travel$188,508$15,118$1,228$204,854
Grants to Domestic Individuals$187,646--$187,646
Current Officers, Directors, Trustees, and Key Employees-$156,789-$156,789
Information Technology$39,225$102,835$683$142,743
Pension Plan Contributions$90,869--$90,869
Interest-$58,646-$58,646
Royalties$47,651--$47,651
Fees for Services Legal$41,975$4,000-$45,975
Insurance$39,066$325$108$39,499
Fees for Services Accounting-$36,000-$36,000
Other Expenses$1,889$22,091$4,580$28,560
Fees for Services Management--$12,056$12,056
Fees for Service Investment Mgmnt Fees-$11,703-$11,703
Total Functional Expenses$11,687,528$1,187,201$530,959$13,405,688
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$421,784
Fundraising Gross Income$300,626
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$678,399$143,606$32,006$111,600
nutcracker tea$235,667$81,280$14,425$66,855
Total Events$1,044,511$300,626$421,784$-121,158
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
Lt Deferred Lease Incentive -$351,877
Deferred Rent - Cathedral Comm$52,207
St Deferred Lease Incentive -$46,917
Lt Deferred Lease Incentive$31,922
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
Filing and Contact Details

Filer

Filer Name
The Washington Ballet
EIN
52-0846173
In Care Of
% MICHAEL MAEL
Phone
2023623606
Address
3515 WISCONSIN AVENUE NW, WASHINGTON, DC 20016

Signing Officer

Name
Michael Mael
Title
Executive Director
Phone
2023623606
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Mael
Formed
1966
Legal Domicile
Dc
Voting Board Members
36
Independent Board Members
36
Employees
243
Volunteers
50

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE 400E, BETHESDA, MD 20814-6583
Preparer
DANIEL O'SHEA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Monitoring and Enforcement of the Conflict of Interest Policy

Part vi, question 12c all board members, employees, and volunteers are asked to sign an agreement to the conflict of interest policy upon commencement of their affiliation with the organization. Any breach of the policy is monitored by hr, dealt with on the executive level and usually results in separation.

How Compensation of Officers and Key Employees Is Determined

PART VI, QUESTIONS 15 A & B THE WASHINGTON BALLET'S executive COMMITTEE USES GUIDESTAR, THE NOT-FOR-PROFIT WEBSITE THAT MAKES OTHER SIMILAR NONPROFIT 990'S AVAILABLE TO THE PUBLIC TO DETERMINE THE COMPENSATION FOR EXECUTIVES AND KEY EMPLOYEES. THE executive COMMITTEE THEN ENGAGES AN ARTS PROFESSIONAL HIRING FIRM WHICH PROVIDES INDUSTRY AVERAGES OF COMPENSATION BASED IN THE DISTRICT OF COLUMBIA. A REPORT OF THE FINDINGS IS THEN DISCUSSED AT THE EXECUTIVE BOARD LEVEL WHERE A DECISION IS REACHED. THIS PROCESS WAS LAST VISITED IN 2008.

Process by Which the Board Reviews the 990

Part vi, question 11a the finance committee and audit committee of the governing body will review the 990 and approve it before it is filed electronically.

Whether and How Certain Documents Are Made Available to the Public

Part vi, question 19 the governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

audited financial statements issued by an independent accountant

Part XII, Line 2: The audited financial statemtents for the year ended June 30, 2017 are in the preparation process and will be issued subsequent to the filing of the 2016 Form 990.

Form 990 Part IX Line 11G

Description:staging, lighting, & wardrobe total fees:1024684

Form 990 Part IX Line 11G

Description:consultants total fees:513828

Form 990 Part IX Line 11G

Description:instructors total fees:466777

Form 990 Part IX Line 11G

Description:musicians & conductors total fees:265832

Form 990 Part IX Line 11G

Description:physical therapy total fees:88249

Financial Statement Notes

Endowment Funds

Part V, Line 4: The Ballet's endowment consists of eight individual funds established for scholarships, fiscal emergency and related activities.

Fin 48 Disclosure

Part X, Line 2: The ballet did not have any unrelated business taxable income for the years ended June 30, 2017 and 2016. The ballet recognizes interest expense and penalties related to income taxes in general and administrative expenses on the statements of activities and change in net assets and accounts payable on the statements of financial position. There is no provision in the financial statements for penalties and interest related to income taxes for the years ended June 30, 2017 and 2016. For tax years prior to 2013, the ballet is no longer subject to examination by the IRS or the tax jurisdiction of the District of Columbia.

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IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt413129
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt424428
IRS990/Form990PartVIISectionAGrp/PersonNm0Judy Heisley Bishop
IRS990/Form990PartVIISectionAGrp/PersonNm1Cathy Brentzel
IRS990/Form990PartVIISectionAGrp/PersonNm2David Hallberg
IRS990/Form990PartVIISectionAGrp/PersonNm3Barbara Ferrara
IRS990/Form990PartVIISectionAGrp/PersonNm4Barbara Rothkopf
IRS990/Form990PartVIISectionAGrp/PersonNm5Peter Manos
IRS990/Form990PartVIISectionAGrp/PersonNm6Deborah Stark Sigmund
IRS990/Form990PartVIISectionAGrp/PersonNm7Dorothy Pierce McSweeny
IRS990/Form990PartVIISectionAGrp/PersonNm8Eve Auchincloss Lilley
IRS990/Form990PartVIISectionAGrp/PersonNm9Frank Loy
IRS990/Form990PartVIISectionAGrp/PersonNm10Gregory Y Lubar
IRS990/Form990PartVIISectionAGrp/PersonNm11James Edmund Datri
IRS990/Form990PartVIISectionAGrp/PersonNm12Jane R Cafritz
IRS990/Form990PartVIISectionAGrp/PersonNm13Jean-Marie Fernandez
IRS990/Form990PartVIISectionAGrp/PersonNm14Lois England
IRS990/Form990PartVIISectionAGrp/PersonNm15Lou Hill Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm16Maral K Skelsey
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael B Goldstein
IRS990/Form990PartVIISectionAGrp/PersonNm18Michele Roberts
IRS990/Form990PartVIISectionAGrp/PersonNm19Roxanne Casscells
IRS990/Form990PartVIISectionAGrp/PersonNm20Huberta von Voss-Wittig
IRS990/Form990PartVIISectionAGrp/PersonNm21Sylvia A de Leon
IRS990/Form990PartVIISectionAGrp/PersonNm22Timothy Bork
IRS990/Form990PartVIISectionAGrp/PersonNm23Timothy E Owens
IRS990/Form990PartVIISectionAGrp/PersonNm24Sandra Berler
IRS990/Form990PartVIISectionAGrp/PersonNm25Bill Beyer
IRS990/Form990PartVIISectionAGrp/PersonNm26Winston Bao Lord
IRS990/Form990PartVIISectionAGrp/PersonNm27David A Dorros
IRS990/Form990PartVIISectionAGrp/PersonNm28Ashley Bronczek
IRS990/Form990PartVIISectionAGrp/PersonNm29Anna Marie Parisi-Trone
IRS990/Form990PartVIISectionAGrp/PersonNm30Nowell Rush
IRS990/Form990PartVIISectionAGrp/PersonNm31Reginald Van Lee
IRS990/Form990PartVIISectionAGrp/PersonNm32Eve Gerber
IRS990/Form990PartVIISectionAGrp/PersonNm33Brian W Jones
IRS990/Form990PartVIISectionAGrp/PersonNm34Janice Kim
IRS990/Form990PartVIISectionAGrp/PersonNm35Carrie Marriott
IRS990/Form990PartVIISectionAGrp/PersonNm36Kristin Kuehl
IRS990/Form990PartVIISectionAGrp/PersonNm37Marth Muwuuad
IRS990/Form990PartVIISectionAGrp/PersonNm38W Christopher Smith Jr
IRS990/Form990PartVIISectionAGrp/PersonNm39SHAKIRA SEGUNDO
IRS990/Form990PartVIISectionAGrp/PersonNm40SEPTIME WEBRE
IRS990/Form990PartVIISectionAGrp/PersonNm41Julie Kent-Barbee
IRS990/Form990PartVIISectionAGrp/PersonNm42Rosemarie Vergilio
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.95$4.12$5.82$14.2$14.3$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$4.55$5.95$14.2$15.9$1.74
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$2.62$7.70$18.4$13.8$4.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.15$4.03$3.12$9.00$8.51$0.49
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.50$3.88$2.63$13.3$12.5$0.84
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.99$5.21$1.79$13.2$13.3$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.17$5.29$1.89$12.4$12.8$0.49
2017Detailed filing. Detailed filing data is available for this year.$7.19$4.84$2.35$10.4$13.4$2.98
2016Detailed filing. Detailed filing data is available for this year.$9.09$3.79$5.31$11.0$12.4$1.38
2015Detailed filing. Detailed filing data is available for this year.$8.96$2.28$6.68$11.1$10.7$0.45
2014Summary only. Only limited summary data is available for this year.$8.53$2.18$6.35$9.64$9.20$0.44
2013Summary only. Only limited summary data is available for this year.$7.77$2.04$5.74$9.91$9.38$0.53
2012Summary only. Only limited summary data is available for this year.$7.15$2.07$5.08$9.24$9.02$0.22
2011Summary only. Only limited summary data is available for this year.$6.95$2.09$4.87$7.91$8.04$0.13