Civic Intelligence

Historic Santa Fe Foundation Inc.

990 • Fiscal year 2017 • EIN 85-6011261

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 19, 2018

545 Canyon RoadSanta Fe, NM 87501

(505) 983-2567

Siviq Scores

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

Liabilities / Assets

38th percentile

0.04x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$82,690

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

7.2%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,447,603

Up $176,693 (+14%) from 2016

Net Assets

Up

$1,393,559

Up $171,219 (+14%) from 2016

Liabilities

Up

$54,044

Up $5,474 (+11%) from 2016

Revenue

Up

$649,137

Up $43,751 (+7.2%) from 2016

Expenses

Up

$477,918

Up $46,425 (+11%) from 2016

Net Income

Down

$171,219

Down $2,674 (-1.5%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,878,558Liabilities 2011: $1,420,504Net Assets 2011: $1,458,0542011Assets 2012: $1,536,118Liabilities 2012: $215,613Net Assets 2012: $1,320,5052012Assets 2013: $1,471,329Liabilities 2013: $221,529Net Assets 2013: $1,249,8002013Assets 2014: $1,374,710Liabilities 2014: $174,539Net Assets 2014: $1,200,1712014Assets 2015: $1,218,609Liabilities 2015: $170,001Net Assets 2015: $1,048,6082015Assets 2016: $1,270,910Liabilities 2016: $48,570Net Assets 2016: $1,222,3402016Assets 2017: $1,447,603Liabilities 2017: $54,044Net Assets 2017: $1,393,5592017Assets 2018: $2,289,836Liabilities 2018: $34,502Net Assets 2018: $2,255,3342018Assets 2019: $3,973,331Liabilities 2019: $29,828Net Assets 2019: $3,943,5032019Assets 2020: $4,391,378Liabilities 2020: $79,944Net Assets 2020: $4,311,4342020Assets 2021: $4,941,397Liabilities 2021: $75,048Net Assets 2021: $4,866,3492021Assets 2022: $4,275,010Liabilities 2022: $36,667Net Assets 2022: $4,238,3432022Assets 2023: $6,207,359Liabilities 2023: $41,088Net Assets 2023: $6,166,2712023Assets 2024: $6,587,994Liabilities 2024: $87,757Net Assets 2024: $6,500,2372024

Highlighted filing

2017

Assets$1,447,603
Liabilities$54,044
Net Assets$1,393,559

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $407,634Expenses 2011: $271,923Net Income 2011: $135,7112011Revenue 2012: $289,557Expenses 2012: $342,291Net Income 2012: -$52,7342012Revenue 2013: $343,653Expenses 2013: $414,358Net Income 2013: -$70,7052013Revenue 2014: $397,755Expenses 2014: $424,616Net Income 2014: -$26,8612014Revenue 2015: $368,984Expenses 2015: $520,547Net Income 2015: -$151,5632015Revenue 2016: $605,386Expenses 2016: $431,493Net Income 2016: $173,8932016Revenue 2017: $649,137Expenses 2017: $477,918Net Income 2017: $171,2192017Revenue 2018: $1,435,010Expenses 2018: $459,893Net Income 2018: $975,1172018Revenue 2019: $1,696,368Expenses 2019: $418,796Net Income 2019: $1,277,5722019Revenue 2020: $195,358Expenses 2020: $363,714Net Income 2020: -$168,3562020Revenue 2021: $339,673Expenses 2021: $414,462Net Income 2021: -$74,7892021Revenue 2022: $651,345Expenses 2022: $496,978Net Income 2022: $154,3672022Revenue 2023: $1,900,573Expenses 2023: $529,490Net Income 2023: $1,371,0832023Revenue 2024: $314,938Expenses 2024: $610,508Net Income 2024: -$295,5702024

Highlighted filing

2017

Revenue$649,137
Expenses$477,918
Net Income$171,219
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 19, 2018
Return Version
2017v2.2
Gross Receipts
$667,977
Mission and Program Overview

Mission

Our mission is to preserve, protect and promote the historic properties and diverse cultural heritage of the Santa Fe area, and to educate the public about Santa Fe's history and the importance of preservation.

Historic preservation of properties to preserve the diverse cultural heritage of the Santa Fe area. Activities include not only the preservation of historical properties but education of the public about Santa Fe's history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$726,985$713,898▼ $13,087
Investments in Publicly Traded Securities-$346,735-
Savings and Temporary Cash Investments$472,304$256,799▼ $215,505
Accounts Receivable$13,294$37,636▲ $24,342
Cash and Non-Interest-Bearing Accounts$20,928$35,445▲ $14,517
Inventories for Sale or Use-$18,000-
Prepaid Expenses and Deferred Charges$5,096$5,886▲ $790
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-
Intangible Assets-$0-
Total Assets$1,270,910$1,447,603▲ $176,693
Other Assets Total$32,303$33,204▲ $901
Liabilities
Accounts Payable and Accrued Expenses$42,707$52,994▲ $10,287
Deferred Revenue$5,863$1,050▼ $4,813
Total Liabilities$48,570$54,044▲ $5,474
Net Assets / Fund Balance
Unrestricted Net Assets$1,144,924$1,314,970▲ $170,046
Temporarily Rstr Net Assets$65,000$65,000→ $0
Permanently Rstr Net Assets$12,416$13,589▲ $1,173
Total Net Assets Fund Balance$1,222,340$1,393,559▲ $171,219
Total Liabilities and Net Assets / Fund Balance$1,270,910$1,447,603▲ $176,693

Asset Categories

AssetBook ValueDepreciationBasis
Land$534,383-$534,383
Buildings$79,274$370,467$449,741
Leasehold Improvements$97,650$209,306$306,956
Equipment$2,591$28,371$30,962
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Pete WarzelExecutive DirectorFT$82,690$82,690

Board Members and Trustees

NameTitle
Mac WatsonChairman
Graciela Petronio TomPast Chair
Tim MaxwellVice Chair
Barbara FelixDirector
Ken StilwellDirector
Margo CutlerDirector
Michael DaleDirector
RA PattersonDirector
Linda TiggesSecretary
Mark FrenchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$423,664
Program Service Revenue
$210,343
Investment Income
$1,584
Other Revenue
$13,546
All Other Contributions
$408,341
Change in Net Assets
$171,219

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
Securities Publicly Traded1$346,770Fair Market Value (FMV)
Total Noncash Contributions1$346,770-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$266,782
Other Expenses$211,136
Total Fundraising Expense$53,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,685$45,309$17,561$159,555
Occupancy$68,946$20,555-$89,501
Current Officers, Directors, Trustees, and Key Employees$23,236$34,425$25,029$82,690
Depreciation Depletion$25,963$11-$25,974
Payroll Taxes$12,238$7,969$4,330$24,537
Fees for Services Accounting-$12,644-$12,644
All Other Expenses$3,026$6,072$1,317$10,415
Fees for Services Other$5,243$106$3,322$8,671
Information Technology-$3,137$1,490$4,627
Insurance-$4,252-$4,252
Other Expenses$3,942$4,269$142$4,084
Travel$2,279$1,236$73$3,588
Office Expenses-$1,553-$1,553
Fees for Services Legal-$493-$493
Conferences and Meetings$30$255-$285
Total Functional Expenses$282,218$142,406$53,294$477,918
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,386
Fundraising Direct Expenses$18,840
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Stewardship Events$24,064$24,064$16,955$7,109
Plaza del Cerro$8,322$8,322$352$7,970
Total Events$32,386$32,386$18,840$13,546
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
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

Governance Explanations

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

A draft is reviewed initially by the Executive Director, and then by the Finance Committee of the Board. Once approved, it is then distributed to the Board of Directors for review prior to a Board meeting, at which time the Treasurer responds to any questions or comments.

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

Board members receive "conflict of interest acknowledgement" and by signing acknowledgement affirm the following:* understanding of the importance of such policy* receipt of a copy of the foundations conflict of interest policy* having read the policy* agree to comply with the policy* agree that they do not have a financial interest, as defined in thepolicy, with the foundation* will amend this acknowlegement, during the year if their situation changes

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

The finance committee of the board of directors, composed of the treasurer and at least one additional board member, all of whom are unrelated to the executive director,reviews and approves compensation and other terms of employment for the executive director. In considering appropriate compensation for the executive director, the finance committee reviews salary data for comparable positions at similarly sized not-for profit entities in santa fe. The executive committee of the board of directors also conducts an annual review of the performance of the executive director. The results of the finance committees compensation considerations of the executive director ae discussed at a board meeting when considering the next years fiscal budget.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The executive director is the only officer/key employee that is compensated.

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

Conflict of interest policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Historic Santa Fe Foundation Inc
EIN
85-6011261
Phone
5059832567
Address
545 Canyon Road, Santa Fe, NM 87501

Signing Officer

Name
Mac Watson
Title
Chairman
Signed
2018-07-19
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
12

Preparer

Firm
Moen Accounting DBA Janice Moen CPA
Address
26965 Road N, Cortez, CO 81321
Preparer
Janice Moen CPA
Phone
5052502231
Supplemental Narrative

Financial Statement Notes

Part II, Line 9: Organization Reporting of conservation easements.

Historic Properties are originally recorded at cost if purchased or fair market value if donated, and are carried at that original amount less accumulated depreciation. Repairs and maintenance expenses are charged to operations when incurred. Expenditures for major renewals and betterments that extend the useful lives of the property are capitalized. All properties are subject to an impairment test every year or when events or circumstances indicate that the propertys carrying amount may not be recoverable. We first assess qualitative factors to determine whether it is "more likely than not"(more than 50%) that the fair value of a property is less than its carrying amount as a basis for determining whether it is necessary to perform an impairment test using quantitative factors. Depreciation is provided using the straight--line method over the estimated useful lives of the properties, which are 40 years for the original acquisition of buildings, 15 years for major renewals and betterments (e.g., a new roof), and the shorter of the useful life or the remaining term of the underlying lease for tenant improvements.A stewardship fund is maintained. Revenues and expenses are categorized by each historic property in the entitys income statement. A detail fixed asset scheduled is maintained by each historic property.

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IRS990/MissionDesc0Our mission is to preserve, protect and promote the historic properties and diverse cultural heritage of the Santa Fe area, and to educate the public about Santa Fe's history and the importance of preservation.
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IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH AND EDUCATION1. CONTINUED CATALOGUING ARCHIVE MATERIALS, AND IMPLIMENTATION OF PROCESS FOR ACCESS OF THE ARCHIVES WITH SCHEDULED VOLUNTEERS. ARRANGED AND ORGANIZED ARCHIVES IN THE NEWLY CREATED ARCHIVES ROOM.2. CONTINUED TO REFINE THE DATA BASE OF ARCHIVE MATERIALS TO CROSS-REFERENCE FOR MULTIPLE NAMES AND TITLES AND MADE AVAILABLE SOME OF THE MATERIALS ONLINE FOR PUBLIC ACCESS.3. CONTINUED THE MONTHLY MEMBER LECTURE SERIES, SALON EL ZAGUN. TIED MANY OF THE LECTURES TO THE MONTHLY EXHIBITONS IN THE SALA AT EL ZAGUN AND INCLUDED LECTURER AND BOOK SIGNING BY NEW MEXICAN WRITER.4. CO-HOSTED, ALONG WITH THE CITY OF SANTA FE HISTORIC PRESERVATION DIVISION AND THE OLD SANTA FE ASSOCIATION THE HERITAGE PRESERVATION AWARDS IN MAY 20167 ARRANGED LOGISTICS FOR THE EVENT AT SAN MIGUEL CHAPEL AND HELD THE RECEPTION FOLLOWING AT OUR OFFICES AT EL ZAGUN.5. PRESENTED THE PRESERVATION STEWARDSHIP AWARD TO A GROUP OF CRAFTS PEOPLE, ARTISANS, WHOSE WORK IS NECESSARY IN THE PRESERVATION OF HISTORIC PROPERTIES IN NORTHERN NEW MEXICO. INDIVIDUALLY THE RECIPIENTS WERE: TOMAS LIPPS, STONEMASON; GRETCHEN OVERMAN, SURFACES AND FINISHES; GREY HOWELL, TRADECRAFT; ANTONIO MARTINEZ, ADOBERO.6. HELD 12 MONTHLY ART AND HISTORY EXHIBITONS AT THE GALLERY AT EL ZAGUN FOR RESIDENT ARTISTS AT EL ZAGUN AND INVITED OUTSIDE ARTISTS. ONE EXHIBITION WAS A FOUNDATION STAFF SHOW OF PAINTINGS AND PHOTOGRAPHS. SEVERAL WERE HISTORY EXHIBITIONS WITH PHOTGRAPHS AND ARTIFACTS. 7. HELD A THIRD ANNUAL INVITATIONAL THEMED WATER COLOR ART SHOW WITH ARTISTS FROM THROUGHOUT NEW MEXICO PARTICIPATING.8. ADDED A SIGNIFICANT PROPERTY/LANDSCAPE TO THE FOUNDATIONS HISTORIC REGISTER: a. ACEQUIA DE LA MURRALLA THE SECOND OLDEST FUNCTIONING ACEQUIA IN SANTA FE.9. SPONSORED A MONTH LONG EVENT IN CONJUNCTION WITH CORNERSTONES COMMUNITY PARTNERSHIPS FOR PUBLIC, HANDS-ON ADOBE BRICK MAKING, OVER FOUR SATURDAYS IN MAY, AT THE PALACE OF THE GOVERNORS AND SAN MIGUEL CHAPEL IN SANTA FE. OVER 750 BRICKS WERE MADE FOR USE BY CORNERSTONES IN THEIR RESTORATION PROJECTS IN NORTHERN NEW MEXICO.10. HELD A VISIT AND TOUR OF WORK DONE AT CASITA MARTINA, PLAZA DEL CERRO, CHIMAYO, IN CONJUNCTION WITH THE CHIMAYO CULTURAL PRESERVATION ASSOCIATION. DON USNER, PHOTOGRAPHER, WRITER, AND EXPERT ON THE PLAZA DEL CERRO, LED THE TOUR AND PROVIDED INFORMATION ON ITS HISTORY IN A WALK AROUND THE ENTIRE PLAZA.11. CONTINUED THE MONTHLY ELECTRONIC MAGAZINE (EZINE) WITH ARTICLES FROM CONTRIBUTING, VOLUNTEER WRITERS FOR DISSEMINATION OF ACTIVITIES AND NEWS OF THE FOUNDATION, INCLUDING A MONTHLY INTERVIEW WITH STAFF, BOARD DIRECTORS, AND ASSOCIATED LEADERS IN THE PRESERVATION AND HISTORY FIELDS IN SANTA FE AND NEW MEXICO, AND BOOK REVIEWS OF NEW PUBLICATIONS OF INTEREST ON THE HISTORY, CULTURE, ARCHITECTURE, ARCHEOLOGY OF THE SANTA FE AREA AND NEW MEXICO.12. RECEIVED THE LANSING BLOOM AWARD FROM THE HISTORICAL SOCIETY OF NEW MEXICO FOR PUBLICATION OF THE FOUNDATIONS MONTHLY PRINTED NEWSLETTER13. PUBLISHED 3 PRINTED NEWSLETTERS CONTAINING SUBSTANTIAL ARTICLES, INTERVIEWS, AND PRESERVATION NEWS IN A MORE IN-DEPTH FORAMT THAN THE MONTHY EZINES.14. HELD AN ANNUAL MEETING OF FOUNDATION MEMBERS IN THE GARDEN AT EL ZAGUN WITH GUEST SPEAKER MICHAEL BROWN, PRESIDENT OF THE SCHOOL FOR ADVANCED RESEARCH.15. CONTINUED THE STEWARDS GROUP MEMBERSHIP PROGRAM WITH TOURS AT 4 SIGNIFICANT HOMES DURING THE YEAR INCLUDING A SHORT LECTURE AT EACH FOCUSED ON THE HISTORY OF THE PROPERTY OR PERSONS ASSOCIATED WITH THE PROPERTY WHO WERE SIGNIFICANT IN THE HISTORY OF SANTA FE. - J.B.JACKSON HOUSE, LA CIENEGA, NM - JANE AND JOHN BAGWELL HOUSE, SANTA FE, NM - LA HUERTA, TESUQUE, NM - CATRON HOUSE, SANTA FE16. UPDATED AND REFINED WEBSITE FOR THE FOUNDATION CONTAINING CALENDARS, DETAILED PHOTOGRAPHS AND INFORMATION ON ALL RELATED PROPERTIES OWNED, EASEMENTS, AND THE REGISTER OF PROPERTIES WORTHY OF PRESERVATION. NEWSLETTERS AND EZINES FROM THE PAST FOUR YEARS ARE AVAILBLE IN FULL ON THE WEBSITE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0INTERNSHIP- CONTINUED ONGOING PROFESSIONAL TRAINING PROGRAM, THE FAITH AND JOHN GAW MEEM PRESERVATION TRADES INTERNSHIP A TEN WEEK SUMMER PROGRAM FOR INDIVIDUALS ENROLLED IN OR RECENT GRADUATES OF GRADUATE PROGRAMS IN ARCHITECTURE OR PRESERVATION WITH HOUSING PROVIDED BY THE FOUNDATION AT ITS MAIN LOCATION AT 545 CANYON ROAD. 12 APPLICATIONS WERE RECEIVED AND THE CHOSEN INTERN WAS A STUDENT IN APPLIED SCIENCE, BUILDING PRESERVATION AND RESTORATION AT BELMONT COLLEGE. SHE HAD PREVIOUSLY EARNED A MASTER OF SCIENCE DEGREE IN HISTORIC PRESERVATION AT EASTERN MICHIGAN UNIVERSITY.- INTERN DID RESTORATION WORK ON WINDOWS AND INSTALLATION ON A JOINT PROJECT WITH CORNERSTONES COMMUNITY PARTNERSSHIPS AT CASITA MARTINA ON THE PLAZA DEL CERRO, CHIMAYO, NEW MEXICO.- INTERN WORKED WITH THE BACK, EXTERIOR WALL AT CASITA MARTINA IN CHIMAYO, PERFORMING ADOBE REPAIR AND APPLYING MUD PLASTER.- INTERN ASSISTED IN ONGOING MAINTENANCE AND REPAIR AT ALL FOUNDATION PROPERTIES.
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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.$6.59$0.09$6.50$0.31$0.61$0.30
2023Detailed filing. Detailed filing data is available for this year.$6.21$0.04$6.17$1.90$0.53$1.37
2022Detailed filing. Detailed filing data is available for this year.$4.28$0.04$4.24$0.65$0.50$0.15
2021Detailed filing. Detailed filing data is available for this year.$4.94$0.08$4.87$0.34$0.41$0.07
2020Detailed filing. Detailed filing data is available for this year.$4.39$0.08$4.31$0.20$0.36$0.17
2019Detailed filing. Detailed filing data is available for this year.$3.97$0.03$3.94$1.70$0.42$1.28
2018Detailed filing. Detailed filing data is available for this year.$2.29$0.03$2.26$1.44$0.46$0.98
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.05$1.39$0.65$0.48$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.05$1.22$0.61$0.43$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.17$1.05$0.37$0.52$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.37$0.17$1.20$0.40$0.42$0.03
2013Summary only. Only limited summary data is available for this year.$1.47$0.22$1.25$0.34$0.41$0.07
2012Summary only. Only limited summary data is available for this year.$1.54$0.22$1.32$0.29$0.34$0.05
2011Summary only. Only limited summary data is available for this year.$2.88$1.42$1.46$0.41$0.27$0.14