Civic Intelligence

Panhandle Alliance for Education Inc.

990 • Fiscal year 2019 • EIN 61-1416176

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 17, 2019

PO Box 1675Sandpoint, ID 83864

(208) 265-2500

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

26th percentile

-5.9%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

50th percentile

2.8%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,133,207

Up $112,416 (+2.8%) from 2018

Net Assets

Up

$4,106,252

Up $140,511 (+3.5%) from 2018

Liabilities

Down

$26,955

Down $28,095 (-51%) from 2018

Revenue

Up

$671,960

Up $78,785 (+13%) from 2018

Expenses

Up

$711,547

Up $95,619 (+16%) from 2018

Net Income

Down

-$39,587

Down $16,834 (-74%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $672,930Liabilities 2011: $90,856Net Assets 2011: $582,0742011Assets 2012: $743,697Liabilities 2012: $105,854Net Assets 2012: $637,8432012Assets 2013: $641,066Liabilities 2013: $68,971Net Assets 2013: $572,0952013Assets 2014: $758,349Liabilities 2014: $61,460Net Assets 2014: $696,8892014Assets 2015: $717,134Liabilities 2015: $37,764Net Assets 2015: $679,3702015Assets 2016: $538,047Liabilities 2016: $33,132Net Assets 2016: $504,9152016Assets 2017: $499,352Liabilities 2017: $16,759Net Assets 2017: $482,5932017Assets 2018: $4,020,791Liabilities 2018: $55,050Net Assets 2018: $3,965,7412018Assets 2019: $4,133,207Liabilities 2019: $26,955Net Assets 2019: $4,106,2522019Assets 2020: $4,098,130Liabilities 2020: $32,263Net Assets 2020: $4,065,8672020Assets 2021: $5,136,397Liabilities 2021: $32,506Net Assets 2021: $5,103,8912021Assets 2022: $4,964,677Liabilities 2022: $18,790Net Assets 2022: $4,945,8872022Assets 2023: $4,901,369Liabilities 2023: $19,575Net Assets 2023: $4,881,7942023Assets 2024: $5,738,584Liabilities 2024: $23,695Net Assets 2024: $5,714,8892024

Highlighted filing

2019

Assets$4,133,207
Liabilities$26,955
Net Assets$4,106,252

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $605,823Expenses 2011: $567,698Net Income 2011: $38,1252011Revenue 2012: $466,054Expenses 2012: $410,285Net Income 2012: $55,7692012Revenue 2013: $297,602Expenses 2013: $363,350Net Income 2013: -$65,7482013Revenue 2014: $532,061Expenses 2014: $407,267Net Income 2014: $124,7942014Revenue 2015: $373,565Expenses 2015: $391,084Net Income 2015: -$17,5192015Revenue 2016: $464,976Expenses 2016: $639,431Net Income 2016: -$174,4552016Revenue 2017: $573,695Expenses 2017: $596,017Net Income 2017: -$22,3222017Revenue 2018: $593,175Expenses 2018: $615,928Net Income 2018: -$22,7532018Revenue 2019: $671,960Expenses 2019: $711,547Net Income 2019: -$39,5872019Revenue 2020: $696,396Expenses 2020: $676,020Net Income 2020: $20,3762020Revenue 2021: $501,862Expenses 2021: $557,159Net Income 2021: -$55,2972021Revenue 2022: $808,919Expenses 2022: $692,122Net Income 2022: $116,7972022Revenue 2023: $716,806Expenses 2023: $848,129Net Income 2023: -$131,3232023Revenue 2024: $864,420Expenses 2024: $685,732Net Income 2024: $178,6882024

Highlighted filing

2019

Revenue$671,960
Expenses$711,547
Net Income-$39,587
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 17, 2019
Return Version
2018v3.1
Gross Receipts
$769,704
Mission and Program Overview

Mission

To promote excellence in education and provide broad-based community support for local public schools by providing teacher grants, professional development and a ready for kindergarten program. See schedule o.

To promote excellence in education and provide broad-based community support for local public schools by building an independent, community- based foundation for public schools. See schedule o.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$464,564$434,060▼ $30,504
Cash and Non-Interest-Bearing Accounts$46,581$11,962▼ $34,619
Prepaid Expenses and Deferred Charges$3,376--
Land, Buildings, and Equipment, Net$372$1,189▲ $817
Total Assets$4,020,791$4,133,207▲ $112,416
Other Assets Total$3,505,898$3,685,996▲ $180,098
Liabilities
Accounts Payable and Accrued Expenses$39,251--
Deferred Revenue$12,850$23,718▲ $10,868
Other Liabilities$2,949$3,237▲ $288
Total Liabilities$55,050$26,955▼ $28,095
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,505,898$3,685,996▲ $180,098
Unrestricted Net Assets$459,843$420,256▼ $39,587
Total Net Assets Fund Balance$3,965,741$4,106,252▲ $140,511
Total Liabilities and Net Assets / Fund Balance$4,020,791$4,133,207▲ $112,416

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,189$6,683$7,872
Other Assets Org$3,685,996--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$3,505,898$201,000▲ $152,638-$3,685,996
2017$3,193,457$175,500▲ $288,287-$3,505,898
2016$2,761,798$157,975▲ $418,498-$3,193,457
2015$2,757,274$175,000▼ $36,722-$2,761,798
2014$2,722,684$108,160▲ $47,654-$2,757,274
Compensation and Service Providers

Board Members and Trustees

NameTitle
Geraldine LewisPresident
Allison GilmoreDirector
Caleb BowmanDirector
Chris BesslerDirector
Chris BlanfordDirector
Christian GroenkeDirector
Dick CvitanichDirector
Erin RoosDirector
Joe WilliamsDirector
Julie Reister-keatonDirector
Matt GillisDirector
Megan JohnsonDirector
Patty SchwartzDirector
Pierce SmithDirector
Read TuddenhamDirector
Shawn KeoughDirector
Susan JordanDirector
Toby MclaughlinDirector
Tom PuckettDirector
Wendy DunnDirector
Mary Weber-quinnMember-at-la
Stefanie NostdahlMember-at-la
Kendon PerrySecretary
Matt MireTreasurer
Kelly PriorVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$640,209
Program Service Revenue
$0
Investment Income
$202
Other Revenue
$31,549
All Other Contributions
$272,885
Change in Net Assets
$-39,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$341,540
Grants and Similar Amounts Paid$256,379
Salaries, Compensation, and Employee Benefits$113,628
Total Fundraising Expense$92,576
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$256,379--$256,379
Other Salaries and Wages$45,819$10,849$48,663$105,331
Office Expenses-$13,354$7,874$21,228
Other Expenses$30,215-$18,664$18,664
Fees for Services Accounting-$10,540-$10,540
Occupancy-$10,032-$10,032
Payroll Taxes$3,609$855$3,833$8,297
Insurance$185$3,512$193$3,890
Conferences and Meetings-$2,974-$2,974
Advertising-$621$1,374$1,995
Information Technology-$1,385$462$1,847
Fees for Services Other-$1,679-$1,679
All Other Expenses$19,574$-30,395$11,513$692
Depreciation Depletion-$200-$200
Total Functional Expenses$593,365$25,606$92,576$711,547
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lake Pend Oreille School DistrictPonderay, ID-Ela Curriculum/dev$95,000
Lake Pend Oreille School DistrictPonderay, ID-Teacher Grants$75,879
Lake Pend Oreille School DistrictPonderay, ID-Collaborative Math$33,000
Lake Pend Oreille School DistrictPonderay, ID-Instructional Coach$20,000
Lake Pend Oreille School DistrictPonderay, ID-Instructional Coach$20,000
Lake Pend Oreille School DistrictPonderay, ID-Step-up to Writing$12,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$129,293
Fundraising Direct Expenses$97,744
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Gala$313,301$83,679$30,290$53,389
Golf Tournament$148,202$10,500$832$9,668
Total Events$496,617$129,293$97,744$31,549
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Geraldine LewisPresidentLposd Board ChairNo$7,673
Chris BesslerDirectorGraphic/advertisingNo-
Joe WilliamsDirectorBanking RelationshipNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,103
Sales Tax Payable$1,134
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

A draft copy of the tax return is presented to the executive committee for approval.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest disclosure forms are used annually.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, financial and tax reports are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Panhandle Alliance for Education
EIN
61-1416176
Phone
2082652500
Address
PO BOX 1675, SANDPOINT, ID 83864

Signing Officer

Name
Geraldine Lewis
Title
President
Phone
2082637040
Signed
2019-10-17

Organization Details

Principal Officer
Geraldine Lewis
Formed
2002
Legal Domicile
Id
Voting Board Members
25
Independent Board Members
25
Employees
3
Volunteers
75

Preparer

Firm
James Hutchens Pa
Address
1211 MICHIGAN STE B, SANDPOINT, ID 83864
Preparer
Linda Macafee
Phone
2082652500
Supplemental Narrative

Additional Explanations

Form 990

As an independent organization, we will create and sustain an endowment to provide resources in support of effective teaching, learning and school management. We have an exceptional relationship with our school district, credibility with teachers, and strong momentum with our business community.

Form 990, Part III

The annual teacher grants are awarded district-wide to teachers and principals who seek support for education programs not otherwise funded. Grants are awarded based on innovation, creativity, collaboration and impact of student learning. Since 2003, approximately 700 grants have been awarded, totaling a direct investment in our classrooms of more than 1.7 million. Nationwide, 44% of children entering kindergarten test below proficiency for learning readiness, and data verifies that children who start behind, stay behind. The ready program provides parents of children up to 5 years old with instruction, books and educational toys to help their children achieve success at the very start. Currently 90% of children in the program now enter school testing at or above readiness levels. As an independent organization, panhandle alliance for education funds an endowment with assets held and administered by a community foundation to provide perpetual funding in support of the lake pend oreille school district. With 16 years of promoting excellence in public schools, panhandle alliance for education is proud to have delivered over 3,625,000 in grants and educational programs to the lake pend oreille school district.

Form 990, Page 2, Part III, Line 4A

Pafe's teacher grants are awarded on an annual basis to teachers who compete for available funds. Awards are based on innovation, collaboration, impact on education, and a cost benefit analysis. Examples include classroom technology, lab and safety equipment, musical instruments,robotics, math and book clubs, and more. There were 41 teacher grants awarded benefitting 3500 students. We also provided 20,000 for instructional coaches. These coaches are considered to be one of the most powerful assets to modern education. Coaches are a vital resource for all educators in the lpo school district. They instruct all teachers to be the best they can possibly be, because effective teachers matter more to student achievement than any other aspect of schooling. This program served approximately 300 teachers in the lpo school district with two coaches.

Form 990, Page 2, Part III, Line 4C

English language arts curriculum. Closing the reading gap: a follow up on inglish lanuage arts research is clear: if children cannot read proficiently by the end of third grade, they face daunting hurdles to success in school and beyond. We knew the impact of supporting the new proposed english language arts (ela) program would be significant, as lposd has 1,900 students and 80 staff members in grades k-6. Pafe committed to funding 75,000 for k-6 ela curriculum and 20,000 for teacher professional development. The grant included three key components: 1. A new curriculum (readygen) that would be implemented consistently throughout the schools and across the district. 2. A supplemental curriculum for grades k-2 to build foundational literacy skills. 3. Literacy training days for all teachers in grades k-2, which focused on foundational reading skills. Our teachers and staff committed to researching and piloting the new curriculum and providing feedback. The supplemental training, enhanced core reading instruction (ecri), helped the teachers develop new behaviors to increase the effectiveness of the new curriculum. Teachers like the efficiency of the routines and the repeated practice that their students get. Sudents benefit from the repeated practice and exposure, as well as the blending and segmenting practice. Students are much more proficient on sight words than in years past, and more comfortable reading and writing independently. The results are promising: lposd's k-3 reading proficiency score on the idaho reading indicator (the state's required reading assessment for grades k-3) increased from 51 percent in fall 2018 to almost 78 percent in spring of 2019. A 27 percent gain all elementary grades in lposd (grades 3-6) beat the state average on the ela idaho standards achievement test (isat). Each cohort of lposd elementary students improved in reading proficiency from spring 2018 to spring 2019. Together, we are closing the reading gap

Form 990, Page 2, Part III, Line 4D

Provided funding in the amount of 200,000 for endowments held by the idaho community foundation and the innovia foundation for perpetual funding of our operating grants for the lake pend oreille school district. It is an example of our long-term commitment to our mission. We also provided various other grants and scholarships throughout the year.

Form 990, Part XI, Line 9

Change in endowment funds 180,098

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To provide funds to teachers and schools in support of effective teaching, learning and school management.

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IRS990/Desc0PAFE'S TEACHER GRANTS ARE AWARDED ON AN ANNUAL BASIS TO TEACHERS WHO COMPETE FOR AVAILABLE FUNDS. AWARDS ARE BASED ON INNOVATION, COLLABORATION, IMPACT ON EDUCATION, AND A COST BENEFIT ANALYSIS. EXAMPLES INCLUDE CLASSROOM TECHNOLOGY, LAB AND SAFETY EQUIPMENT, MUSICAL INSTRUMENTS,ROBOTICS, MATH AND BOOK CLUBS, AND MORE. THERE WERE 41 TEACHER GRANTS AWARDED BENEFITTING 3500 STUDENTS. WE ALSO PROVIDED 20,000 FOR INSTRUCTIONAL COACHES. THESE COACHES ARE CONSIDERED TO BE ONE OF THE MOST POWERFUL ASSETS TO MODERN EDUCATION. COACHES ARE A VITAL RESOURCE FOR ALL EDUCATORS IN THE LPO SCHOOL DISTRICT. THEY INSTRUCT ALL TEACHERS TO BE THE BEST THEY CAN POSSIBLY BE, BECAUSE EFFECTIVE TEACHERS MATTER MORE TO STUDENT ACHIEVEMENT THAN ANY OTHER ASPECT OF SCHOOLING. THIS PROGRAM SERVED APPROXIMATELY 300 TEACHERS IN THE LPO SCHOOL DISTRICT WITH TWO COACHES.
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IRS990/MissionDesc0TO PROMOTE EXCELLENCE IN EDUCATION AND PROVIDE BROAD-BASED COMMUNITY SUPPORT FOR LOCAL PUBLIC SCHOOLS BY PROVIDING TEACHER GRANTS, PROFESSIONAL DEVELOPMENT AND A READY FOR KINDERGARTEN PROGRAM. SEE SCHEDULE O.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PAFE'S READY FOR KINDERGARTEN PROGRAM IS AN EARLY CHILDHOOD LITERACY PROGRAM FOR FAMILIES WITH CHILDREN AGES BIRTH TO FIVE YEARS OLD. READY CLASSES GIVE PARENTS THE TOOLS AND INFORMATION THEY NEED TO PREPARE THEIR CHILDREN FOR STARTING SCHOOL AT AGE 5. NATIONAL AVERAGE INDICATES 44% OF CHILDREN ENTERING KINDERGARTEN TEST BELOW READINESS PROFICIENCY AND THESE CHILDREN STAY BEHIND RESULTING IN LOW SELF-ESTEEM, ANGER AND WITHDRAWAL. THESE PROBLEMS CAN BE OVERCOME BY HAVING THEM READY TO LEARN BEFORE THEY START KINDERGARTEN. 200 FAMILIES ARE SERVED EACH YEAR.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ENGLISH LANGUAGE ARTS CURRICULUM. CLOSING THE READING GAP: A FOLLOW UP ON INGLISH LANUAGE ARTS RESEARCH IS CLEAR: IF CHILDREN CANNOT READ PROFICIENTLY BY THE END OF THIRD GRADE, THEY FACE DAUNTING HURDLES TO SUCCESS IN SCHOOL AND BEYOND. WE KNEW THE IMPACT OF SUPPORTING THE NEW PROPOSED ENGLISH LANGUAGE ARTS (ELA) PROGRAM WOULD BE SIGNIFICANT, AS LPOSD HAS 1,900 STUDENTS AND 80 STAFF MEMBERS IN GRADES K-6. PAFE COMMITTED TO FUNDING 75,000 FOR K-6 ELA CURRICULUM AND 20,000 FOR TEACHER PROFESSIONAL DEVELOPMENT. THE GRANT INCLUDED THREE KEY COMPONENTS: 1. A NEW CURRICULUM (READYGEN) THAT WOULD BE IMPLEMENTED CONSISTENTLY THROUGHOUT THE SCHOOLS AND ACROSS THE DISTRICT. 2. A SUPPLEMENTAL CURRICULUM FOR GRADES K-2 TO BUILD FOUNDATIONAL LITERACY SKILLS. 3. LITERACY TRAINING DAYS FOR ALL TEACHERS IN GRADES K-2, WHICH FOCUSED ON FOUNDATIONAL READING SKILLS. OUR TEACHERS AND STAFF COMMITTED TO RESEARCHING AND PILOTING THE NEW CURRICULUM AND PROVIDING FEEDBACK. THE SUPPLEMENTAL TRAINING, ENHANCED CORE READING INSTRUCTION (ECRI), HELPED THE TEACHERS DEVELOP NEW BEHAVIORS TO INCREASE THE EFFECTIVENESS OF THE NEW CURRICULUM. TEACHERS LIKE THE EFFICIENCY OF THE ROUTINES AND THE REPEATED PRACTICE THAT THEIR STUDENTS GET. SUDENTS BENEFIT FROM THE REPEATED PRACTICE AND EXPOSURE, AS WELL AS THE BLENDING AND SEGMENTING PRACTICE. STUDENTS ARE MUCH MORE PROFICIENT ON SIGHT WORDS THAN IN YEARS PAST, AND MORE COMFORTABLE READING AND WRITING INDEPENDENTLY. THE RESULTS ARE PROMISING: LPOSD'S K-3 READING PROFICIENCY SCORE ON THE IDAHO READING INDICATOR (THE STATE'S REQUIRED READING ASSESSMENT FOR GRADES K-3) INCREASED FROM 51 PERCENT IN FALL 2018 TO ALMOST 78 PERCENT IN SPRING OF 2019. A 27 PERCENT GAIN ALL ELEMENTARY GRADES IN LPOSD (GRADES 3-6) BEAT THE STATE AVERAGE ON THE ELA IDAHO STANDARDS ACHIEVEMENT TEST (ISAT). EACH COHORT OF LPOSD ELEMENTARY STUDENTS IMPROVED IN READING PROFICIENCY FROM SPRING 2018 TO SPRING 2019. TOGETHER, WE ARE CLOSING THE READING GAP
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0123398
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0115000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDED FUNDING IN THE AMOUNT OF 200,000 FOR ENDOWMENTS HELD BY THE IDAHO COMMUNITY FOUNDATION AND THE INNOVIA FOUNDATION FOR PERPETUAL FUNDING OF OUR OPERATING GRANTS FOR THE LAKE PEND OREILLE SCHOOL DISTRICT. IT IS AN EXAMPLE OF OUR LONG-TERM COMMITMENT TO OUR MISSION. WE ALSO PROVIDED VARIOUS OTHER GRANTS AND SCHOLARSHIPS THROUGHOUT THE YEAR.
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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.$5.74$0.02$5.71$0.86$0.69$0.18
2023Detailed filing. Detailed filing data is available for this year.$4.90$0.02$4.88$0.72$0.85$0.13
2022Detailed filing. Detailed filing data is available for this year.$4.96$0.02$4.95$0.81$0.69$0.12
2021Detailed filing. Detailed filing data is available for this year.$5.14$0.03$5.10$0.50$0.56$0.06
2020Detailed filing. Detailed filing data is available for this year.$4.10$0.03$4.07$0.70$0.68$0.02
2019Detailed filing. Detailed filing data is available for this year.$4.13$0.03$4.11$0.67$0.71$0.04
2018Detailed filing. Detailed filing data is available for this year.$4.02$0.06$3.97$0.59$0.62$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.02$0.48$0.57$0.60$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.50$0.46$0.64$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.68$0.37$0.39$0.02
2014Summary only. Only limited summary data is available for this year.$0.76$0.06$0.70$0.53$0.41$0.12
2013Summary only. Only limited summary data is available for this year.$0.64$0.07$0.57$0.30$0.36$0.07
2012Summary only. Only limited summary data is available for this year.$0.74$0.11$0.64$0.47$0.41$0.06
2011Summary only. Only limited summary data is available for this year.$0.67$0.09$0.58$0.61$0.57$0.04