Civic Intelligence

Virginia Egg Council Inc

990 • Fiscal year 2022 • EIN 54-1302794

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 28, 2023

43835 Glenhazel DriveAshburn, VA 20147

(703) 790-1984

Siviq Scores

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

Liabilities / Assets

70th percentile

0.07x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.08x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

32nd percentile

-7.0%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

88th percentile

$54,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 21.9% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-3.9%

Faster asset growth than 41% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

15%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$279,517

Down $11,290 (-3.9%) from 2021

Net Assets

Down

$259,843

Down $17,130 (-6.2%) from 2021

Liabilities

Up

$19,674

Up $5,840 (+42%) from 2021

Revenue

Up

$246,078

Up $31,712 (+15%) from 2021

Expenses

Up

$263,208

Up $44,783 (+21%) from 2021

Net Income

Down

-$17,130

Down $13,071 (-322%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $104,147Liabilities 2010: $4,331Net Assets 2010: $99,8162010Assets 2011: $80,228Liabilities 2011: $6,5342011Assets 2012: $65,801Liabilities 2012: $6,7722012Assets 2013: $78,622Liabilities 2013: $5,728Net Assets 2013: $72,8942013Assets 2014: $93,110Liabilities 2014: $6,700Net Assets 2014: $86,4102014Assets 2015: $125,511Liabilities 2015: $10,949Net Assets 2015: $114,5622015Assets 2016: $144,825Liabilities 2016: $4,801Net Assets 2016: $140,0242016Assets 2017: $189,928Liabilities 2017: $7,445Net Assets 2017: $182,4832017Assets 2018: $240,196Liabilities 2018: $9,160Net Assets 2018: $231,0362018Assets 2019: $292,083Liabilities 2019: $15,863Net Assets 2019: $276,2202019Assets 2020: $296,760Liabilities 2020: $14,901Net Assets 2020: $281,8592020Assets 2021: $290,807Liabilities 2021: $13,834Net Assets 2021: $276,9732021Assets 2022: $279,517Liabilities 2022: $19,674Net Assets 2022: $259,8432022Assets 2023: $256,380Liabilities 2023: $33,609Net Assets 2023: $222,7712023Assets 2024: $213,272Liabilities 2024: $14,313Net Assets 2024: $198,9592024

Highlighted filing

2022

Assets$279,517
Liabilities$19,674
Net Assets$259,843

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $168,100Expenses 2010: $167,028Net Income 2010: $1,0722010Revenue 2011: $146,519Expenses 2011: $172,641Net Income 2011: -$26,1222011Revenue 2012: $160,653Expenses 2012: $175,318Net Income 2012: -$14,6652012Revenue 2013: $170,552Expenses 2013: $151,668Net Income 2013: $18,8842013Revenue 2014: $164,229Expenses 2014: $150,713Net Income 2014: $13,5162014Revenue 2015: $186,085Expenses 2015: $158,155Net Income 2015: $27,9302015Revenue 2016: $185,901Expenses 2016: $160,439Net Income 2016: $25,4622016Revenue 2017: $214,841Expenses 2017: $172,876Net Income 2017: $41,9652017Revenue 2018: $232,189Expenses 2018: $183,636Net Income 2018: $48,5532018Revenue 2019: $237,379Expenses 2019: $192,195Net Income 2019: $45,1842019Revenue 2020: $221,111Expenses 2020: $194,168Net Income 2020: $26,9432020Revenue 2021: $214,366Expenses 2021: $218,425Net Income 2021: -$4,0592021Revenue 2022: $246,078Expenses 2022: $263,208Net Income 2022: -$17,1302022Revenue 2023: $198,095Expenses 2023: $235,167Net Income 2023: -$37,0722023Revenue 2024: $212,897Expenses 2024: $236,709Net Income 2024: -$23,8122024

Highlighted filing

2022

Revenue$246,078
Expenses$263,208
Net Income-$17,130
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 28, 2023
Return Version
2021v4.1
Gross Receipts
$246,078
Mission and Program Overview

Mission

Support Virginia Egg Industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$264,650$182,407▼ $82,243
Accounts Receivable$23,978$47,697▲ $23,719
Cash and Non-Interest-Bearing Accounts-$45,024-
Prepaid Expenses and Deferred Charges$1,441$4,143▲ $2,702
Land, Buildings, and Equipment, Net$738$246▼ $492
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$290,807$279,517▼ $11,290
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$13,834$19,674▲ $5,840
Total Liabilities$13,834$19,674▲ $5,840
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$276,973$259,843▼ $17,130
Total Net Assets Fund Balance$276,973$259,843▼ $17,130
Total Liabilities and Net Assets / Fund Balance$290,807$279,517▼ $11,290

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$246$1,230$1,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cecilia GlembockiEX Dir/SECRETARPT$54,000$54,000

Board Members and Trustees

NameTitle
Lake WagnerPresident
Rodney WagnerVice President
Cj MartinDirector
Ken RisserDirector
Kortlynd RisserDirector
Paul RuszlerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$245,940
Investment Income
$138
Other Revenue
$0
Change in Net Assets
$-17,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$246,078
Total Revenue per Audited Statements
$246,078
Total Revenue per Form 990
$246,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$138,073
Other Expenses$117,635
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,950$8,550-$59,500
Current Officers, Directors, Trustees, and Key Employees$45,950$8,550-$54,500
Office Expenses$14,123$701-$14,824
Other Employee Benefits$10,153$1,792-$11,945
Advertising$11,900--$11,900
Travel$9,806$1,731-$11,537
Fees for Services Accounting-$11,300-$11,300
Payments to Affiliates$10,000--$10,000
Payroll Taxes$7,529$1,329-$8,858
All Other Expenses$7,978$606-$8,584
Grants to Domestic Orgs$7,500--$7,500
Occupancy-$6,000-$6,000
Other Expenses$4,944$873-$5,817
Pension Plan Contributions$2,780$490-$3,270
Fees for Services Other-$655-$655
Insurance$325$176-$501
Depreciation Depletion$418$74-$492
Total Functional Expenses$219,740$43,468$0$263,208

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$263,208
Total Expenses per Audited Statements$263,208
Total Expenses per Form 990$263,208
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Tech FoundationBlacksburg, VA-Research Grant$7,500
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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

Form 990, Part VI, Line 11B: Form 990 Review Process

Copy of 990 provided at next annual meeting or upon request

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Monitored and discussed at board of directors annual meeting as needed

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of all employees are determined each year by the board of directos

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents are available upon written request to the executive director or the board of directors

Filing and Contact Details

Filer

Filer Name
Virginia Egg Council Inc
EIN
54-1302794
Phone
7037901984
Address
43835 GLENHAZEL DRIVE, ASHBURN, VA 20147

Signing Officer

Name
Cecilia Glembocki
Title
Executive Director
Signed
2023-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cecilia Glembocki
Formed
1992
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Dunham Aukamp & Rhodes Plc
Address
4437 Brookfield Corporate Dr Suite, CHANTILLY, VA 20151
Preparer
Michael D Aukamp CPA
Phone
7036318940
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

As of June 30, 2022, the Council has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The tax years subject to examination by the taxing authorities are the years ended June 30, 2019 through 2021.

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IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/Desc0EGG INDUSTRY FUNDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0245940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0245940
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt07500
IRS990/PYInvestmentIncomeAmt0342
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081592
IRS990/PYProgramServiceRevenueAmt0214024
IRS990/PYRevenuesLessExpensesAmt0-4059
IRS990/PYSalariesCompEmpBnftPaidAmt0129333
IRS990/PYTotalExpensesAmt0218425
IRS990/PYTotalRevenueAmt0214366
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-17130
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0246
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01230
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01476
IRS990ScheduleD/ExpensesSubtotalAmt0263208
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0246078
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As of June 30, 2022, the Council has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The tax years subject to examination by the taxing authorities are the years ended June 30, 2019 through 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt0263208
IRS990ScheduleD/TotalRevenuePerForm990Amt0246078
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0246078
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0263208
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VIRGINIA TECH FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0540721690
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03360 LITTON-REAVES HALL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BLACKSBURG
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd024061
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH GRANT
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF 990 PROVIDED AT NEXT ANNUAL MEETING OR UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORED AND DISCUSSED AT BOARD OF DIRECTORS ANNUAL MEETING AS NEEDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF ALL EMPLOYEES ARE DETERMINED EACH YEAR BY THE BOARD OF DIRECTOS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR OR THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0279517
IRS990/TotalAssetsGrp/BOYAmt0290807
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043468
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0219740
IRS990/TotalFunctionalExpensesGrp/TotalAmt0263208
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013834
IRS990/TotalLiabilitiesEOYAmt019674
IRS990/TotalLiabilitiesGrp/BOYAmt013834
IRS990/TotalLiabilitiesGrp/EOYAmt019674
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0276973
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0259843
IRS990/TotalProgramServiceExpensesAmt0219740
IRS990/TotalProgramServiceRevenueAmt0245940
IRS990/TotalReportableCompFromOrgAmt054000
IRS990/TotalRevenueGrp/ExclusionAmt0138
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0245940
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0246078
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0290807
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0279517
IRS990/TravelGrp/ManagementAndGeneralAmt01731
IRS990/TravelGrp/ProgramServicesAmt09806
IRS990/TravelGrp/TotalAmt011537
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt043835 GLENHAZEL DRIVE
IRS990/USAddress/CityNm0ASHBURN
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020147
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.virginiaeggcouncil.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CECILIA GLEMBOCKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA EGG COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0541302794
ReturnHeader/Filer/PhoneNum07037901984
ReturnHeader/Filer/USAddress/AddressLine1Txt043835 GLENHAZEL DRIVE
ReturnHeader/Filer/USAddress/CityNm0ASHBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020147
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541972062
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DUNHAM AUKAMP & RHODES PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04437 Brookfield Corporate Dr Suite
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHANTILLY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020151
ReturnHeader/PreparerPersonGrp/PhoneNum07036318940
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL D AUKAMP CPA
ReturnHeader/ReturnTs02023-02-28T03:56:06-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CECILIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GLEMBOCKI
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.14$1.99$2.13$2.37$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.56$0.34$2.23$1.98$2.35$0.37
2022Detailed filing. Detailed filing data is available for this year.$2.80$0.20$2.60$2.46$2.63$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.91$0.14$2.77$2.14$2.18$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.97$0.15$2.82$2.21$1.94$0.27
2019Detailed filing. Detailed filing data is available for this year.$2.92$0.16$2.76$2.37$1.92$0.45
2018Detailed filing. Detailed filing data is available for this year.$2.40$0.09$2.31$2.32$1.84$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.90$0.07$1.82$2.15$1.73$0.42
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.05$1.40$1.86$1.60$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.11$1.15$1.86$1.58$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.93$0.07$0.86$1.64$1.51$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.06$0.73$1.71$1.52$0.19
2012Summary only. Only limited summary data is available for this year.$0.66$0.07$1.61$1.75$0.15
2011Summary only. Only limited summary data is available for this year.$0.80$0.07$1.47$1.73$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.04$1.00$1.68$1.67$0.01