Civic Intelligence

Population Services International

990 • Fiscal year 2019 • EIN 56-0942853

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

1120 19TH ST NW Suite 600Washington, DC 20036

(202) 785-0072

Siviq Scores

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

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.52x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

31st percentile

0.6%

Higher net margin than 31% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

44th percentile

$748,002

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

20th percentile

-0.8%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-6.8%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Down

$316,938,070

Down $2,497,417 (-0.8%) from 2018

Net Assets

Up

$59,675,475

Up $1,687,375 (+2.9%) from 2018

Liabilities

Down

$257,262,595

Down $4,184,792 (-1.6%) from 2018

Revenue

Down

$493,614,976

Down $35,966,604 (-6.8%) from 2018

Expenses

Down

$490,687,772

Down $37,069,165 (-7.0%) from 2018

Net Income

Up

$2,927,204

Up $1,102,561 (+60%) from 2018

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2008: $276,076,145Liabilities 2008: $211,981,314Net Assets 2008: $64,094,8312008Assets 2010: $436,968,588Liabilities 2010: $411,444,410Net Assets 2010: $25,524,1782010Assets 2011: $425,303,841Liabilities 2011: $393,237,741Net Assets 2011: $32,066,1002011Assets 2012: $543,692,015Liabilities 2012: $492,153,308Net Assets 2012: $51,538,7072012Assets 2013: $489,280,258Liabilities 2013: $432,689,059Net Assets 2013: $56,591,1992013Assets 2014: $425,129,694Liabilities 2014: $366,204,454Net Assets 2014: $58,925,2402014Assets 2015: $475,938,834Liabilities 2015: $426,308,938Net Assets 2015: $49,629,8962015Assets 2016: $398,037,954Liabilities 2016: $346,034,879Net Assets 2016: $52,003,0752016Assets 2017: $407,711,760Liabilities 2017: $349,462,572Net Assets 2017: $58,249,1882017Assets 2018: $319,435,487Liabilities 2018: $261,447,387Net Assets 2018: $57,988,1002018Assets 2019: $316,938,070Liabilities 2019: $257,262,595Net Assets 2019: $59,675,4752019Assets 2020: $344,771,315Liabilities 2020: $282,986,850Net Assets 2020: $61,784,4652020Assets 2021: $298,351,627Liabilities 2021: $224,958,246Net Assets 2021: $73,393,3812021Assets 2022: $280,206,524Liabilities 2022: $205,078,120Net Assets 2022: $75,128,4042022Assets 2023: $296,765,409Liabilities 2023: $221,082,630Net Assets 2023: $75,682,7792023Assets 2024: $257,582,496Liabilities 2024: $181,481,653Net Assets 2024: $76,100,8432024

Highlighted filing

2019

Assets$316,938,070
Liabilities$257,262,595
Net Assets$59,675,475

Operations Trend

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

$800M$600M$400M$200M$0-$200MExpenses 2008: $409,518,3582008Expenses 2010: $243,146,2212010Revenue 2011: $349,318,918Expenses 2011: $348,830,536Net Income 2011: $488,3822011Revenue 2012: $523,404,460Expenses 2012: $516,961,720Net Income 2012: $6,442,7402012Revenue 2013: $584,029,958Expenses 2013: $579,319,073Net Income 2013: $4,710,8852013Revenue 2014: $621,280,730Expenses 2014: $615,280,006Net Income 2014: $6,000,7242014Revenue 2015: $637,371,980Expenses 2015: $637,534,984Net Income 2015: -$163,0042015Revenue 2016: $598,723,869Expenses 2016: $596,692,588Net Income 2016: $2,031,2812016Revenue 2017: $590,120,799Expenses 2017: $587,374,307Net Income 2017: $2,746,4922017Revenue 2018: $529,581,580Expenses 2018: $527,756,937Net Income 2018: $1,824,6432018Revenue 2019: $493,614,976Expenses 2019: $490,687,772Net Income 2019: $2,927,2042019Revenue 2020: $446,812,754Expenses 2020: $445,295,726Net Income 2020: $1,517,0282020Revenue 2021: $442,491,509Expenses 2021: $433,113,057Net Income 2021: $9,378,4522021Revenue 2022: $358,810,053Expenses 2022: $358,328,924Net Income 2022: $481,1292022Revenue 2023: $349,685,686Expenses 2023: $353,287,796Net Income 2023: -$3,602,1102023Revenue 2024: $306,308,594Expenses 2024: $307,125,601Net Income 2024: -$817,0072024

Highlighted filing

2019

Revenue$493,614,976
Expenses$490,687,772
Net Income$2,927,204
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$549,461,270
Mission and Program Overview

Mission

Psi makes it easier for all people to lead healthier lives and plan the families they desire.

Psi reimagines quality healthcare

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$71,458,657$69,221,030▼ $2,237,627
Inventories for Sale or Use$56,122,359$59,714,591▲ $3,592,232
Cash and Non-Interest-Bearing Accounts$63,061,534$51,587,131▼ $11,474,403
Land, Buildings, and Equipment, Net$49,005,504$49,029,291▲ $23,787
Investments in Publicly Traded Securities$23,675,528$26,748,476▲ $3,072,948
Prepaid Expenses and Deferred Charges$6,629,288$8,972,323▲ $2,343,035
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
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$319,435,487$316,938,070▼ $2,497,417
Other Assets Total$49,482,617$51,665,228▲ $2,182,611
Liabilities
Deferred Revenue$165,197,882$149,238,639▼ $15,959,243
Accounts Payable and Accrued Expenses$56,543,822$69,088,037▲ $12,544,215
Tax Exempt Bond Liabilities$27,805,683$28,200,000▲ $394,317
Mortgage Notes Payable Secured by Investment Property$11,900,000$10,735,919▼ $1,164,081
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$261,447,387$257,262,595▼ $4,184,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,505,440$48,270,706▲ $1,765,266
Net Assets With Donor Restrictions$11,482,660$11,404,769▼ $77,891
Total Net Assets Fund Balance$57,988,100$59,675,475▲ $1,687,375
Total Liabilities and Net Assets / Fund Balance$319,435,487$316,938,070▼ $2,497,417

Asset Categories

AssetBook ValueDepreciationBasis
Land$24,645,141-$24,645,141
Buildings$15,677,144$7,540,904$23,218,048
Leasehold Improvements$6,685,801$5,643,953$12,329,754
Other Land Buildings$1,826,523$623,696$2,450,219
Equipment$194,682$1,321,630$1,516,312
Other Assets Org$3,884,847--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Desmond ChavasseSVP, Wash & Chief Evid. Off.FT$225,063$522,939$748,002
Gina M SmithActing CR Zambia/ChiefFT$105,821$403,576$509,397
Karl W HofmannPresident & CEOFT$389,375$55,702$445,077
Farai ChiezaKenya & Nigeria Country Rep.FT$130,013$283,177$413,190
Namwinga T ChintuCountry Rep, ZambiaFT$70,245$337,364$407,609
Michael HolscherSenior Vice President & CSROFT$318,476$51,456$369,932
Judith HeichelheimSenior Vice President & COOFT$294,604$68,098$362,702
Kim SchwartzSenior Vice President & CFOFT$327,535$34,780$362,315
Sarah GibsonSr. Country Rep, TanzaniaFT$128,225$219,437$347,662
Kathryn M RobertsSr. VP, Corp. PartnershipsFT$281,138$54,886$336,024
Saba KhanProgram Advisor, Change Prog.FT$86,675$239,031$325,706
Susan MukasaVP, Anglophone MarketsFT$190,206$46,702$236,908
Marcie CookVP, Social EnterpriseFT$194,038$30,798$224,836
Barry WhittleVP, Acceleration MarketsFT$162,789$57,935$220,724
Julia RobertsVP, Latin America and AsiaFT$190,140$26,996$217,136
Amy LaTrielleVP, Foundation MarketsFT$190,797$23,164$213,961
Jill L ShumannVP, Francophone & Lusophone AfFT$189,973$22,807$212,780
Brandon GuzzoneSVP, Talent and LearningFT$107,651$1,174$108,825
Katie BurnettGeneral Counsel50FT$55,208$1,928$57,136

Highest Paid Contractors

ContractorServicesLocationCompensation
Bdo USA LLPAudit & Tax8401 GREENSBORO DRIVE, Mclean, VA 22102$1,247,051
BAO Systems LLCIT Services2900 K Street, Washington, DC 20007$494,981
US Media ConsultingMedia Services444 Brickell Ave, Miami, FL 33131$317,197
Matalon Nathani LPLegal Services3041 ORDWAY STREET NW, Washington, DC 20008$309,656
Grant Thornton LLPForensic Accounting33562 Treasury Center, Chicago, IL 60694$220,742
Revenue and Support

Revenue Composition

Contributions and Grants
$489,970,933
Program Service Revenue
$0
Investment Income
$3,804,952
Other Revenue
$-160,909
All Other Contributions
$227,521,149
Change in Net Assets
$2,927,204

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 AmountValuation Method
Other Non Cash Contri Table48$17,882,972Fair Market Value (FMV)
Total Noncash Contributions48$17,882,972-

Audited Revenue Reconciliation

Revenue per Audited Statements
$493,614,976
Revenue Not Reported on Form 990
$8,998,497
Total Revenue per Audited Statements
$502,613,473
Total Revenue per Form 990
$493,614,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$254,592,691
Other Expenses$132,936,199
Salaries, Compensation, and Employee Benefits$103,158,882
Total Fundraising Expense$1,610,638
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$231,844,206--$231,844,206
Other Salaries and Wages$68,623,202$20,121,918$620,964$89,366,084
Grants to Domestic Orgs$22,748,485--$22,748,485
Fees for Services Other$13,863,607$2,810,230$519,184$17,193,021
Travel$14,113,188$1,541,946$191,745$15,846,879
Conferences and Meetings$11,834,991$410,926$28,082$12,273,999
Advertising$11,719,851$6,726$0$11,726,577
Occupancy$6,693,382$3,239,306-$9,932,688
Other Expenses$1,399,533$5,459,538$-1,170$6,857,901
Other Employee Benefits$2,385,610$2,151,479$74,820$4,611,909
Current Officers, Directors, Trustees, and Key Employees$3,832,327$259,330$24,698$4,116,355
Office Expenses$3,121,629$853,181$31,125$4,005,935
Payroll Taxes$1,362,080$1,161,194$39,258$2,562,532
Pension Plan Contributions$1,270,372$1,192,387$39,243$2,502,002
Fees for Services Accounting$1,357,149$798,296$0$2,155,445
Insurance$1,640,237$313,561$19$1,953,817
Information Technology$844,327$877,806$6,167$1,728,300
Fees for Services Legal$455,832$579,138$36,503$1,071,473
Depreciation Depletion$13,674$181,205-$194,879
Interest-$72,195-$72,195
Total Functional Expenses$446,963,126$42,114,008$1,610,638$490,687,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$504,214,020
Expenses per Audited Statements$490,687,772
Total Expenses per Form 990$490,687,772
Expenses Not Reported on Form 990$13,526,248
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jhpiego CorporationBaltimore, MD501(c)(3)Malaria$5,903,014
Catholic Relief ServicesBaltimore, MD501(c)(3)Malaria$5,185,496
Management Sciences for HealthMedford, MA501(c)(3)HIV Prevention$4,873,755
Medical Care Development IncSilver Spring, MD501(c)(3)Malaria$2,037,073
Snv USABethesda, MD501(c)(3)Sanitation$882,806
Plan International USA IncWarwick, RI501(c)(3)Sanitation$637,838
Regents Univ of CaliforniaSan Francisco, CA501(c)(3)Family Planning and Health Services$387,067
Banyan Global IncWashington, DC501(c)(3)Malaria$376,846
PathSeattle, WA501(c)(3)Sanitation$364,163
Pact IncWashington, DC501(c)(3)Family Planning and Health Services$331,089
Family Health InternationalDurham, NC501(c)(3)Hiv/aids Program$251,736
Population Media Ctr (Vermont)Shelburne, VT501(c)(3)Broadcast$205,023
Water For PeopleDenver, CO-Sanitation$124,210
Results for Dev't InstituteWashington, DC501(c)(3)Family Planning and Health Services$120,193
Camber Collective LLCSeattle, WA501(c)(3)Family Planning$91,187
Univ of Maryland BaltimoreBaltimore, MD-Malaria$70,000
ThinkWellWashington, DC501(c)(3)Gender Based Programs$53,056
Venture Strategies for HealthBerkeley, CA-Family Planning and Health Services$38,000
IDEOorgSan Francisco, CA501(c)(3)Family Planning and Health Services$37,704
Cicatelli Associates IncNew York, NY501(c)(3)Hiv/aids Program$34,908
Save the Children FederationWestport, CT501(c)(3)Family Planning and Health Services$29,214
Glasswing International USANew York, NY501(c)(3)Education$11,810
Duke UniversityCharlotte, NC501(c)(3)Malaria$9,204

International Summary

Offices
169
Employees
5,954
Spending
$568,378,891

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesSocial Marketing1283,799$255,995,384
Sub-Saharan AfricaGrantmaking---$166,013,413
East Asia and the PacificProgram ServicesSocial Marketing111,179$34,638,256
Central America and the CaribbeanProgram ServicesSocial Marketing9269$29,021,045
Central America and the CaribbeanGrantmaking---$25,456,816
South AsiaGrantmaking---$18,529,874
South AsiaProgram ServicesSocial Marketing11230$14,475,488
South AsiaInvestments-1266$6,860,007
East Asia and the PacificGrantmaking---$5,644,036
Central America and the CaribbeanInvestments-5126$4,535,155
Russia and the Newly Independent StatesProgram ServicesSocial Marketing347$4,047,979
South AmericaInvestments-138$1,664,949
Russia and the Newly Independent StatesGrantmaking---$1,496,489
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2007-11-01$28,200,000purchase of land, office bldg, imp

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$28,200,000$0$0$176,250

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, Part VI, Section B, Line 11B:

The organization's governing body is presented with a draft of the forms 990 and 990-t prior to filing. The audit risk and compliance committee of the governing body is able to speak directly with the preparer to have any questions or concerns answered. The audit risk and compliance committee authorizes that the filings be finalized and submitted to the internal revenue service.

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

The organization requires officers, directors and key employees to complete the form annually and the forms are reviewed for any disclosures. A decision is made to determine whether the director must abstain in voting on any matters where the conflict may be an issue.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The ceo incentive compensation is determined by the organization's board of directors. The board obtains comparability statistics from organizations of similar size and also considers additional factors including skills needed for the position. The board then votes and approves the level of compensation for the ceo. The ceo consults with the board on compensation for other key employees.

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

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Population Services International
EIN
56-0942853
In Care Of
% KIM SCHWARTZ
Phone
2027850072
Address
1120 19TH ST NW Suite 600, Washington, DC 20036

Signing Officer

Name
Kim Schwartz
Title
SVP & CFO
Phone
2027850072
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Hofmann
Formed
1970
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
454
Volunteers
18

Preparer

Firm
Bdo USA Llp
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 4B:

Angola, Benin, Botswana, Burundi, Cambodia, Cameroon, Costa Rica, Cote D'Ivoire, Dominican Republic, Democratic Republic of the Congo, El Salvador, ETHIOPIA, Guatemala, Haiti, Honduras, INDIA, Kazakhstan, Kenya, Kyrgyzstan, Laos, Lesotho, Liberia, Madagascar, Malawi, Mali, Mozambique, Myanmar, Nepal, Nicaragua, Niger, Nigeria, Pakistan, Panama, Papua New Guinea, Paraguay, Sierra Leone, Somaliland, South Africa, South Sudan, Swaziland, Tajikistan, Tanzania, Trinidad & Tobago, Uganda, United Kingdom, Vietnam, Zambia, Zimbabwe

FORM 990, PART XI, LINE 9:

Foreign currency translation losses: 2,021,223 loss on interest rate swap: (3,092,793) miscellaneous adjustment: (216,334) ================ ($1,287,904)

FORM 990, PART XII, LINE 2C:

There have been no changes during the year in the process for oversight of the audit of the financial statements.

Financial Statement Notes

SCH D, PART X, LINE 2:

Psi has adopted the provisions of asc topic no. 740-10, income taxes (asc 740-10). Under asc 740-10, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. The implementation of asc 740-10 had no impact on psi's consolidated financial statements. Psi does not believe there are any unrecognized tax benefits that should be recorded. Psi is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2016. There were no material interest or penalties recorded for the years ended december 31, 2019 and 2018, respectively.

SCH D, PART XI, LINE 2D:

Expenses and losses of related entity: $ 10,022,022 foreign currency transaction gain: $ 2,021,193 loss on interest rate swap: $ (3,092,793)

SCH D, PART XII, LINE 2D:

Expenses and Losses of Related Activity: $ 13,526,248

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IRS990/Form990PartVIISectionAGrp/PersonNm0Desmond Chavasse
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IRS990/Form990PartVIISectionAGrp/PersonNm16Jill L Shumann
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$258$181$76.1$306$307$0.82
2023Summary only. Only limited summary data is available for this year.$297$221$75.7$350$353$3.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$280$205$75.1$359$358$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$298$225$73.4$442$433$9.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$345$283$61.8$447$445$1.52
2019Detailed filing. Detailed filing data is available for this year.$317$257$59.7$494$491$2.93
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$319$261$58.0$530$528$1.82
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$408$349$58.2$590$587$2.75
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$398$346$52.0$599$597$2.03
2015Summary only. Only limited summary data is available for this year.$476$426$49.6$637$638$0.16
2014Detailed filing. Detailed filing data is available for this year.$425$366$58.9$621$615$6.00
2013Detailed filing. Detailed filing data is available for this year.$489$433$56.6$584$579$4.71
2012Summary only. Only limited summary data is available for this year.$544$492$51.5$523$517$6.44
2011Summary only. Only limited summary data is available for this year.$425$393$32.1$349$349$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$437$411$25.5$243
2008Facts available. Structured filing facts are available, but richer extracted sections are limited.$276$212$64.1$410