Great River Revelry

990EZ • Fiscal year 2022 • EIN 01-0731041

Aug 01, 2021 to Jul 31, 2022 • Filed on Dec 09, 2022

Organization Profile

1120 N MainDavenport, IA 52803-5234

(563) 323-9900

Siviq Scores

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

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

-3.4%

Higher net margin than 34% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

-100%

Faster asset growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

Down $2,333 (-100%) from 2021

Net Assets

Down

Down $2,333 (-100%) from 2021

Liabilities

Flat

Flat from 2021

Revenue And Expenses

Liabilities / Revenue58th percentile Net Margin34th percentile

Revenue

$67,776

Up $67,776 from 2021

Expenses

$70,109

Up $69,847 (+26659%) from 2021

Net Income

Down

-$2,333

Down $2,071 (-790%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

Highlighted filing

2022

Assets$0

Liabilities$0

Net Assets$0

Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2022

Revenue$67,776

Expenses$70,109

Net Income-$2,333

Open 2022 Filing

Jump To

Filing Snapshot

Filing Period: Aug 1, 2021 to Jul 31, 2022
Signed: Dec 9, 2022
Return Version: 2021v4.2
Gross Receipts: $70,349

Mission and Program Overview

Mission

SUPPORT MUSIC EDUCATION

Program Services

Description	Grants	Expenses
HOST ONE FUNDRAISER ONLY. A SHOWCHOIR INVITIATIONAL AND THE PROCEEDS BENEFIT APPROXIMATELY 400 STUDENTS FROM TWO DAVENPORT IOWA HIGH SCHOOLS	$30,000	$50,753

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
MARY LOTSPEICH	Treasurer	-	$0	-	-
MICHAEL REESE	Director	-	$0	-	-
TERRY HENDERSHOTT	President	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Great River Revelry
EIN: 01-0731041
Address: 1120 N MAIN, DAVENPORT, IA 52803-5234

Signing Officer

Name: Mary Lotspeich
Title: Treasurer
Phone: 5635083544
Signed: 2022-12-09
Discuss with paid preparer: Yes

Preparer

Firm: Wells Accounting Services LLC
Address: 621 E KIMBERLY RD, DAVENPORT, IA 52807
Preparer: Martha C Wells Ea
Phone: 5633864489

Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

“Activity disbursement grantee davenport central high sch boostersstreet 1120 n main st city, state, zip davenport, ia 52803relationship volunteer organization amount 10,615activity disbursement grantee davenport west high school boostersstreet 3505 locust st city, state, zip davenport, ia 52804relationship volunteer organization amount 10,615activity disbursement grantee hav-life street 230 e 2nd st city, state, zip davenport, ia 52801relationship 501(c)(3)charity amount 700”

Description of other expenses Part I line 16

“Description amountadmissions exp 199concessions 11,218insurance 346trophies and awards 1,249dvd costs 1,015”

Raw XML Appendix176 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	MARY LOTSPEICH
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	5633239900
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	10849 160TH ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	DAVENPORT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	52804
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	2333
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	0
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	30700
IRS990EZ/CostOfGoodsSoldAmt	0	2573
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-2333
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	7217
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/FinalReturnInd	0	X
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	2333
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	0
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	21930
IRS990EZ/GrossProfitLossSlsOfInvntryAmt	0	1524
IRS990EZ/GrossReceiptsAmt	0	70349
IRS990EZ/GrossSalesOfInventoryAmt	0	4097
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	2333
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	2333
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	0
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	25636
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	MARY LOTSPEICH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	MICHAEL REESE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	TERRY HENDERSHOTT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	PRESIDENT
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	true
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	14027
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	SUPPORT MUSIC EDUCATION
IRS990EZ/PrintingPublicationsPostageAmt	0	1299
IRS990EZ/ProgramServiceRevenueAmt	0	35552
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	HOST ONE FUNDRAISER ONLY. A SHOWCHOIR INVITIATIONAL AND THE PROCEEDS BENEFIT APPROXIMATELY 400 STUDENTS FROM TWO DAVENPORT IOWA HIGH SCHOOLS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	30000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	50753
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	70109
IRS990EZ/TotalProgramServiceExpensesAmt	0	50753
IRS990EZ/TotalRevenueAmt	0	67776
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	30700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	28719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	28500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	31945
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	119864
IRS990ScheduleA/PrivateFoundation170Ind	0	X
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.08890
IRS990ScheduleA/PublicSupportPY170Pct	0	0.10190
IRS990ScheduleA/PublicSupportTotal170Amt	0	10658
IRS990ScheduleA/SubstantialContributorsTotAmt	0	109206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	30700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	28719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	28500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	31945
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	119864
IRS990ScheduleA/TotalSupportAmt	0	119864
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleN/AssetsDistributedInd	0	true
IRS990ScheduleN/AttorneyGeneralNotifiedInd	0	true
IRS990ScheduleN/BondsOutstandingInd	0	false
IRS990ScheduleN/DirectorOfSuccessorInd	0	false
IRS990ScheduleN/EmployeeOfSuccessorInd	0	false
IRS990ScheduleN/LiabilitiesPaidInd	0	true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc	0	LIQUIDATION OF CHECKING ACCOUNT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc	1	LIQUIDATION OF CHECKING ACCOUNT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt	0	2022-07-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt	1	2022-07-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN	0	260369919
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN	1	814009634
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt	0	10615
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt	1	10615
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt	0	501C3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt	1	501C3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt	0	CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt	1	CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm	0	DC VOCAL BOOSTERS INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm	1	WHS VOCAL BOOSTERS INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt	0	1120 N MAIN ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt	1	3505 LOCUST ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm	0	DAVENPORT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm	1	DAVENPORT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd	0	IA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd	1	IA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd	0	52803
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd	1	52804
IRS990ScheduleN/OwnerOfSuccessorInd	0	false
IRS990ScheduleN/ReceiveCompensationInd	0	false
IRS990ScheduleN/RequiredToNotifyAGInd	0	true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	ACTIVITY DISBURSEMENT GRANTEE DAVENPORT CENTRAL HIGH SCH BOOSTERSSTREET 1120 N MAIN ST CITY, STATE, ZIP DAVENPORT, IA 52803RELATIONSHIP VOLUNTEER ORGANIZATION AMOUNT 10,615ACTIVITY DISBURSEMENT GRANTEE DAVENPORT WEST HIGH SCHOOL BOOSTERSSTREET 3505 LOCUST ST CITY, STATE, ZIP DAVENPORT, IA 52804RELATIONSHIP VOLUNTEER ORGANIZATION AMOUNT 10,615ACTIVITY DISBURSEMENT GRANTEE HAV-LIFE STREET 230 E 2ND ST CITY, STATE, ZIP DAVENPORT, IA 52801RELATIONSHIP 501(C)(3)CHARITY AMOUNT 700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION AMOUNTADMISSIONS EXP 199CONCESSIONS 11,218INSURANCE 346TROPHIES AND AWARDS 1,249DVD COSTS 1,015
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd	0	00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	MARY LOTSPEICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5635083544
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-12-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	GREAT RIVER REVELRY
ReturnHeader/Filer/BusinessNameControlTxt	0	GREA
ReturnHeader/Filer/EIN	0	010731041
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1120 N MAIN
ReturnHeader/Filer/USAddress/CityNm	0	DAVENPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	IA
ReturnHeader/Filer/USAddress/ZIPCd	0	528035234
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	043741333
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	WELLS ACCOUNTING SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	621 E KIMBERLY RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	DAVENPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	52807
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5633864489
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	MARTHA C WELLS EA
ReturnHeader/ReturnTs	0	2022-12-15T15:34:12-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	MARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	LOTSPEICH
ReturnHeader/TaxPeriodBeginDt	0	2021-08-01
ReturnHeader/TaxPeriodEndDt	0	2022-07-31
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $0
Liabilities: $0
Net assets: $0
Revenue: $67,776
Expenses: $70,109
Net income: -$2,333

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2022Detailed filing. Detailed filing data is available for this year.	$0.00	$0.00	$0.00	$0.68	$0.70	$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.02	$0.00	$0.02	$0.00	$0.00	$0.00
2020Detailed filing. Detailed filing data is available for this year.	$0.03	$0.00	$0.03	$0.86	$0.85	$0.01
2019Detailed filing. Detailed filing data is available for this year.	$0.01	$0.00	$0.01	$1.02	$1.03	$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.03	$0.00	$0.03	$0.94	$0.93	$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.02	$0.00	$0.02	$0.87	$0.88	$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.03	$0.00	$0.03	$1.13	$1.15	$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.05	$0.00	$0.05	$0.77	$0.76	$0.00
2014Summary only. Only limited summary data is available for this year.	$0.04	$0.00		$0.63	$0.68	$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.10	$0.00	$0.10	$0.62	$0.62	$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.10		$0.10	$0.85	$0.81	$0.04