Civic Intelligence

Pathways Academy

990 • Fiscal year 2021 • EIN 68-0553717

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 13, 2022

201 University Blvd NEAlbuquerque, NM 87106

(505) 341-0555

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.57x

Higher debt load relative to assets than 92% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.45x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Source year 2021

Net Margin

25th percentile

-8.0%

Higher net margin than 25% of similar nonprofits.

2021 filings • NTEE B20 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$62,968

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2021 filings • NTEE B20 • <$500k nonprofits • Source year 2021

Asset Growth

23rd percentile

-14%

Faster asset growth than 23% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

0.1%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$246,708

Down $39,561 (-14%) from 2020

Net Assets

Down

$106,402

Down $24,953 (-19%) from 2020

Liabilities

Down

$140,306

Down $14,608 (-9.4%) from 2020

Revenue

Up

$313,848

Up $173 (+0.1%) from 2020

Expenses

Down

$338,801

Down $12,748 (-3.6%) from 2020

Net Income

Up

-$24,953

Up $12,921 (+34%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2010: $66,573Liabilities 2010: $37,616Net Assets 2010: $28,9572010Assets 2011: $26,415Liabilities 2011: $37,620Net Assets 2011: -$11,2052011Assets 2012: $36,608Liabilities 2012: $7,900Net Assets 2012: $28,7082012Assets 2013: $36,243Liabilities 2013: $4,313Net Assets 2013: $31,9302013Assets 2014: $38,260Liabilities 2014: $1,140Net Assets 2014: $37,1202014Assets 2015: $45,178Liabilities 2015: $11,658Net Assets 2015: $33,5202015Assets 2016: $63,822Liabilities 2016: $2,879Net Assets 2016: $60,9432016Assets 2017: $232,328Liabilities 2017: $161,675Net Assets 2017: $70,6532017Assets 2018: $284,340Liabilities 2018: $171,519Net Assets 2018: $112,8212018Assets 2019: $602,772Liabilities 2019: $327,474Net Assets 2019: $275,2982019Assets 2020: $286,269Liabilities 2020: $154,914Net Assets 2020: $131,3552020Assets 2021: $246,708Liabilities 2021: $140,306Net Assets 2021: $106,4022021Assets 2022: $303,026Liabilities 2022: $147,299Net Assets 2022: $155,7272022Assets 2023: $355,391Liabilities 2023: $166,215Net Assets 2023: $189,1762023Assets 2024: $341,180Liabilities 2024: $178,469Net Assets 2024: $162,7112024

Highlighted filing

2021

Assets$246,708
Liabilities$140,306
Net Assets$106,402

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $344,932Expenses 2010: $411,192Net Income 2010: -$66,2602010Expenses 2011: $364,2572011Expenses 2012: $368,6802012Revenue 2013: $386,576Expenses 2013: $383,354Net Income 2013: $3,2222013Revenue 2014: $415,289Expenses 2014: $410,099Net Income 2014: $5,1902014Revenue 2015: $440,285Expenses 2015: $443,885Net Income 2015: -$3,6002015Revenue 2016: $444,497Expenses 2016: $417,074Net Income 2016: $27,4232016Revenue 2017: $411,692Expenses 2017: $416,204Net Income 2017: -$4,5122017Revenue 2018: $447,672Expenses 2018: $405,504Net Income 2018: $42,1682018Revenue 2019: $383,486Expenses 2019: $365,791Net Income 2019: $17,6952019Revenue 2020: $313,675Expenses 2020: $351,549Net Income 2020: -$37,8742020Revenue 2021: $313,848Expenses 2021: $338,801Net Income 2021: -$24,9532021Revenue 2022: $395,904Expenses 2022: $346,579Net Income 2022: $49,3252022Revenue 2023: $434,930Expenses 2023: $401,481Net Income 2023: $33,4492023Revenue 2024: $399,349Expenses 2024: $425,814Net Income 2024: -$26,4652024

Highlighted filing

2021

Revenue$313,848
Expenses$338,801
Net Income-$24,953
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 13, 2022
Return Version
2021v4.0
Gross Receipts
$319,009
Mission and Program Overview

Mission

Provide licensed educational classes for grades one through twelve

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$159,054$108,484▼ $50,570
Accounts Receivable$90,367$95,549▲ $5,182
Cash and Non-Interest-Bearing Accounts$16,304$22,562▲ $6,258
Prepaid Expenses and Deferred Charges$5,953$10,957▲ $5,004
Land, Buildings, and Equipment, Net$13,591$8,155▼ $5,436
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$286,269$246,708▼ $39,561
Other Assets Total$1,000$1,001▲ $1
Liabilities
Deferred Revenue$106,829$139,629▲ $32,800
Other Liabilities$47,400--
Accounts Payable and Accrued Expenses$685$677▼ $8
Total Liabilities$154,914$140,306▼ $14,608
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$120,401$87,514▼ $32,887
Net Assets With Donor Restrictions$10,954$18,888▲ $7,934
Total Net Assets Fund Balance$131,355$106,402▼ $24,953
Total Liabilities and Net Assets / Fund Balance$286,269$246,708▼ $39,561

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,155$64,725$72,880
Other Land Buildings-$27,659$27,659
Leasehold Improvements-$3,395$3,395
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James HeringPrincipalFT$62,968$62,968

Board Members and Trustees

NameTitle
Brooke BakerPresident
Kelly BrooksVice President
Gina HerzogBoard Member
Jennifer CiolekBoard Member
Jeffrey PaulSecretary
Jan SecundaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,516
Program Service Revenue
$184,747
Investment Income
$14
Other Revenue
$77,571
All Other Contributions
$51,516
Change in Net Assets
$-24,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$260,235
Other Expenses$78,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$163,939$14,256-$178,195
Current Officers, Directors, Trustees, and Key Employees$57,931$5,037-$62,968
Occupancy$27,732$2,412-$30,144
Payroll Taxes$17,556$1,527-$19,083
Insurance$11,279$981-$12,260
Office Expenses$7,853$683-$8,536
Depreciation Depletion$5,001$435-$5,436
Fees for Services Accounting$2,798$243-$3,041
Other Expenses$1,394$121-$1,515
Conferences and Meetings$587$51-$638
Fees for Services Other$442$38-$480
Advertising$433$38-$471
Interest$11$1-$12
Other Employee Benefits$-10$-1-$-11
Total Functional Expenses$311,696$27,105$0$338,801
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,332
Fundraising Direct Expenses$5,161
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tour$35,332$35,332$5,161$30,171
Total Events$35,332$35,332$5,161$30,171
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
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
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
No
Management duties delegated
No

Governance Explanations

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

Form 990 is reviewed in a monthly Board meeting. The Board votes to accept the Form 990 as submitted.

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

Conflict of interest policy reviewed and signed by board of directors. Potential conflicts are regularly discussed in the monthly board meetings. The board President is required to be familiar with statements of board members and to monitor their conduct. The board Vice-President is required to be familiar with the statements of the president and monitor his/her conduct. The director of operations is required to be familiar with the statements of school employees and monitors their conduct.

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

Governing documents, policies, financial information and tax returns are all made available upon request. Documents are provided in a requested format. Documents also available through State Attorney General Office.

Filing and Contact Details

Filer

Filer Name
Pathway Academy
EIN
68-0553717
Phone
5053410555
Address
201 University Blvd NE, Albuquerque, NM 87106

Signing Officer

Name
James Hering
Title
Executive Director
Signed
2022-10-13
Discuss with paid preparer
No

Organization Details

Principal Officer
James Hering
Formed
2003
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
6
Employees
10
Volunteers
6

Preparer

Firm
Abq Tax Group LLC
Address
7814 MENAUL BLVD NE STE C, ALBUQUERQUE, NM 87110
Preparer
Manny Ortiz
Phone
5052558594
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt047400
IRS990/OtherRevenueTotalAmt047400
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014256
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0163939
IRS990/OtherSalariesAndWagesGrp/TotalAmt0178195
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01527
IRS990/PayrollTaxesGrp/ProgramServicesAmt017556
IRS990/PayrollTaxesGrp/TotalAmt019083
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05953
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010957
IRS990/PrincipalOfficerNm0James Hering
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Other Income
IRS990/ProgramServiceRevenueGrp/Desc1Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt037
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1184710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1184710
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt049478
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt041
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081689
IRS990/PYOtherRevenueAmt018837
IRS990/PYProgramServiceRevenueAmt0245319
IRS990/PYRevenuesLessExpensesAmt0-37874
IRS990/PYSalariesCompEmpBnftPaidAmt0269860
IRS990/PYTotalExpensesAmt0351549
IRS990/PYTotalRevenueAmt0313675
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-24953
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0159054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108484
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt08155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064725
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072880
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03395
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03395
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027659
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027659
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08155
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05161
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tour
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt035332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt035332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt035332
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030171
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05161
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05161
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed in a monthly Board meeting. The Board votes to accept the Form 990 as submitted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest policy reviewed and signed by board of directors. Potential conflicts are regularly discussed in the monthly board meetings. The board President is required to be familiar with statements of board members and to monitor their conduct. The board Vice-President is required to be familiar with the statements of the president and monitor his/her conduct. The director of operations is required to be familiar with the statements of school employees and monitors their conduct.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, policies, financial information and tax returns are all made available upon request. Documents are provided in a requested format. Documents also available through State Attorney General Office.
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 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0286269
IRS990/TotalAssetsEOYAmt0246708
IRS990/TotalAssetsGrp/BOYAmt0286269
IRS990/TotalAssetsGrp/EOYAmt0246708
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt051516
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027105
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0311696
IRS990/TotalFunctionalExpensesGrp/TotalAmt0338801
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0154914
IRS990/TotalLiabilitiesEOYAmt0140306
IRS990/TotalLiabilitiesGrp/BOYAmt0154914
IRS990/TotalLiabilitiesGrp/EOYAmt0140306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0131355

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$1.78$1.63$3.99$4.26$0.26
2023Summary only. Only limited summary data is available for this year.$3.55$1.66$1.89$4.35$4.01$0.33
2022Summary only. Only limited summary data is available for this year.$3.03$1.47$1.56$3.96$3.47$0.49
2021Detailed filing. Detailed filing data is available for this year.$2.47$1.40$1.06$3.14$3.39$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$1.55$1.31$3.14$3.52$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.03$3.27$2.75$3.83$3.66$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$1.72$1.13$4.48$4.06$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$1.62$0.71$4.12$4.16$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.03$0.61$4.44$4.17$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.12$0.34$4.40$4.44$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$4.15$4.10$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.04$0.32$3.87$3.83$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.08$0.29$3.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.38$0.11$3.64
2010Summary only. Only limited summary data is available for this year.$0.67$0.38$0.29$3.45$4.11$0.66