Civic Intelligence

1888 Message Study Committee

990 • Fiscal year 2020 • EIN 02-0417308

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 16, 2021

8784 Valley View DriveBerrien Springs, MI 49103

(269) 473-1888

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

62nd percentile

12%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-47%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,287,925

Up $135,578 (+12%) from 2019

Net Assets

Up

$1,286,081

Up $135,327 (+12%) from 2019

Liabilities

Up

$1,844

Up $251 (+16%) from 2019

Revenue

Down

$259,186

Down $226,662 (-47%) from 2019

Expenses

Down

$123,859

Down $21,803 (-15%) from 2019

Net Income

Down

$135,327

Down $204,859 (-60%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $737,567Liabilities 2010: -$12,928Net Assets 2010: $750,4952010Assets 2011: $782,156Liabilities 2011: $5,777Net Assets 2011: $776,3792011Assets 2012: $969,933Liabilities 2012: $12,170Net Assets 2012: $957,7632012Assets 2013: $1,013,488Liabilities 2013: -$8,642Net Assets 2013: $1,022,1302013Assets 2014: $902,367Liabilities 2014: -$11,308Net Assets 2014: $913,6752014Assets 2015: $557,989Liabilities 2015: $9,740Net Assets 2015: $548,2492015Assets 2016: $686,062Liabilities 2016: $5,619Net Assets 2016: $680,4432016Assets 2017: $730,541Liabilities 2017: $4,851Net Assets 2017: $725,6902017Assets 2018: $816,515Liabilities 2018: $5,947Net Assets 2018: $810,5682018Assets 2019: $1,152,347Liabilities 2019: $1,593Net Assets 2019: $1,150,7542019Assets 2020: $1,287,925Liabilities 2020: $1,844Net Assets 2020: $1,286,0812020Assets 2021: $1,344,345Liabilities 2021: $3,533Net Assets 2021: $1,340,8122021Assets 2022: $1,607,312Liabilities 2022: $17,226Net Assets 2022: $1,590,0862022Assets 2023: $1,574,116Liabilities 2023: $3,476Net Assets 2023: $1,570,6402023Assets 2024: $1,514,207Liabilities 2024: $3,583Net Assets 2024: $1,510,6242024Assets 2025: $1,398,311Liabilities 2025: $742Net Assets 2025: $1,397,5692025

Highlighted filing

2020

Assets$1,287,925
Liabilities$1,844
Net Assets$1,286,081

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $128,361Expenses 2010: $171,542Net Income 2010: -$43,1812010Revenue 2011: $135,388Expenses 2011: $98,094Net Income 2011: $37,2942011Revenue 2012: $297,353Expenses 2012: $103,314Net Income 2012: $194,0392012Revenue 2013: $173,264Expenses 2013: $133,237Net Income 2013: $40,0272013Revenue 2014: $100,087Expenses 2014: $208,542Net Income 2014: -$108,4552014Revenue 2015: $205,874Expenses 2015: $246,082Net Income 2015: -$40,2082015Revenue 2016: $383,126Expenses 2016: $250,932Net Income 2016: $132,1942016Revenue 2017: $307,141Expenses 2017: $261,894Net Income 2017: $45,2472017Revenue 2018: $246,120Expenses 2018: $161,241Net Income 2018: $84,8792018Revenue 2019: $485,848Expenses 2019: $145,662Net Income 2019: $340,1862019Revenue 2020: $259,186Expenses 2020: $123,859Net Income 2020: $135,3272020Revenue 2021: $202,258Expenses 2021: $146,444Net Income 2021: $55,8142021Revenue 2022: $462,152Expenses 2022: $212,878Net Income 2022: $249,2742022Revenue 2023: $205,529Expenses 2023: $224,975Net Income 2023: -$19,4462023Revenue 2024: $228,490Expenses 2024: $288,506Net Income 2024: -$60,0162024Revenue 2025: $227,909Expenses 2025: $340,964Net Income 2025: -$113,0552025

Highlighted filing

2020

Revenue$259,186
Expenses$123,859
Net Income$135,327
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 16, 2021
Return Version
2020v4.1
Gross Receipts
$272,396
Mission and Program Overview

Mission

Distribute religious literature throughout the world

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$400,000-
Land, Buildings, and Equipment, Net$372,080$383,320▲ $11,240
Cash and Non-Interest-Bearing Accounts$546,804$259,289▼ $287,515
Inventories for Sale or Use$196,347$204,844▲ $8,497
Accounts Receivable$780$1,464▲ $684
Total Assets$1,152,347$1,287,925▲ $135,578
Other Assets Total$36,336$39,008▲ $2,672
Liabilities
Accounts Payable and Accrued Expenses$1,593$1,844▲ $251
Total Liabilities$1,593$1,844▲ $251
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,100,556$1,232,568▲ $132,012
Net Assets With Donor Restrictions$50,198$53,513▲ $3,315
Total Net Assets Fund Balance$1,150,754$1,286,081▲ $135,327
Total Liabilities and Net Assets / Fund Balance$1,152,347$1,287,925▲ $135,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$265,297$188,905$454,202
Equipment$39,892$275,340$315,232
Land$78,131-$78,131
Other Assets Org$39,008--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian SchwartzBoard Chair
Robert HunsakerPresident
Gerald FinnemanVice President
Andy PeralesDirector
Charles RietmanDirector
Harold MerrimanDirector
Kelly KinsleyDirector
Lloyd KnechtDirector
Mark LakeDirector
Mikel MooreDirector
RJ GravellDirector
Richard KearnsDirector
Ron DuffieldDirector
Todd GuthrieDirector
Donn LaTourSecretary
John CampbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,618
Program Service Revenue
$0
Investment Income
$1,630
Other Revenue
$33,938
All Other Contributions
$223,618
Change in Net Assets
$135,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$72,503
Salaries, Compensation, and Employee Benefits$51,356
Total Fundraising Expense$19,065
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$35,586$12,000-$47,586
Depreciation Depletion$15,771$6,000$500$22,271
Office Expenses$4,018$826$8,280$13,124
Conferences and Meetings$5,000-$4,510$9,510
Occupancy$4,454$1,500$700$6,654
Fees for Services Legal-$6,200-$6,200
Insurance-$4,441-$4,441
Payroll Taxes$2,870$900-$3,770
Information Technology$1,087$900$900$2,887
Fees for Services Other$2,436--$2,436
Other Expenses$543$500$500$1,543
Advertising--$347$347
Total Functional Expenses$71,765$33,029$19,065$123,859
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Upon completion of the Form 990 by our CPA it will be distributed to the board via email for review.

Conflict of interest policy compliance Part VI line 12C

Conflict of interest statements are distributed annually to the board. The board members disclose conflicts, if any on the statements, sign and return to management. Board will be made aware of conflicts, if any.

CEO executive director top management comp Part VI line 15A

Compensation set by board at annual budget meeting.

Other officer or key employee compensation Part VI line 15B

Same as above.

Governing documents etc available to public Part VI line 19

The documents are available on websites such as Guidestar. They are also available by request in various formats, copies or via email.

Filing and Contact Details

Filer

Filer Name
1888 Message Study Committee
EIN
02-0417308
Address
8784 Valley View Drive, Berrien Springs, MI 49103
Doing Business As
1888 Glad Tidings Publishers

Signing Officer

Name
Juanita Staten
Title
Office Manager
Phone
2694731888
Signed
2021-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Hunsaker
Formed
1999
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
2

Preparer

Firm
Foote & Lloyd CPAs
Address
Two West Michigan Suite 210, Battle Creek, MI 49017
Preparer
Donald L Lloyd
Phone
2699627518
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0464245
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0372080
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0383320
IRS990/LandBldgEquipCostOrOtherBssAmt0847565
IRS990/LegalDomicileStateCd0MI
IRS990/LessRentalExpensesGrp/RealAmt08542
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Distribute religious literature throughout the world
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01150754
IRS990/NetAssetsOrFundBalancesEOYAmt01286081
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt034680
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt034680
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-742
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-742
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01100556
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01232568
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0700
IRS990/OccupancyGrp/ManagementAndGeneralAmt01500
IRS990/OccupancyGrp/ProgramServicesAmt04454
IRS990/OccupancyGrp/TotalAmt06654
IRS990/OfficeExpensesGrp/FundraisingAmt08280
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0826
IRS990/OfficeExpensesGrp/ProgramServicesAmt04018
IRS990/OfficeExpensesGrp/TotalAmt013124
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt036336
IRS990/OtherAssetsTotalGrp/EOYAmt039008
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Other
IRS990/OtherExpensesGrp/Desc1CGA
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/FundraisingAmt03328
IRS990/OtherExpensesGrp/FundraisingAmt1500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0-238
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1500
IRS990/OtherExpensesGrp/ProgramServicesAmt0543
IRS990/OtherExpensesGrp/TotalAmt0-238
IRS990/OtherExpensesGrp/TotalAmt13328
IRS990/OtherExpensesGrp/TotalAmt21543
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt035586
IRS990/OtherSalariesAndWagesGrp/TotalAmt047586
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0900
IRS990/PayrollTaxesGrp/ProgramServicesAmt02870
IRS990/PayrollTaxesGrp/TotalAmt03770
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Robert Hunsaker
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0475655
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01496
IRS990/PYOtherExpensesAmt096427
IRS990/PYOtherRevenueAmt01117
IRS990/PYProgramServiceRevenueAmt07580
IRS990/PYRevenuesLessExpensesAmt0340186
IRS990/PYSalariesCompEmpBnftPaidAmt049235
IRS990/PYTotalExpensesAmt0145662
IRS990/PYTotalRevenueAmt0485848
IRS990/ReconcilationRevenueExpnssAmt0135327
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-742
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0400000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income $ 136,625
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Other income Part II line 10 or Part III line 12
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0223618
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0475655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0208722
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0283750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0261296
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01453041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09210
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09210
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt034680
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt029597
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt038068
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt025290
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt038400
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0166035
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52400
IRS990ScheduleA/PublicSupportPY170Pct00.55170
IRS990ScheduleA/PublicSupportTotal170Amt0853226
IRS990ScheduleA/SubstantialContributorsTotAmt0599815
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0223618
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0475655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0208722
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0283750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0261296
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01453041
IRS990ScheduleA/TotalSupportAmt01628286
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/BuildingsGrp/BookValueAmt0265297
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0188905
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0454202
IRS990ScheduleD/EquipmentGrp/BookValueAmt039892
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0275340
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0315232
IRS990ScheduleD/LandGrp/BookValueAmt078131
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt078131
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt039008
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net PV of CGA
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0383320
IRS990ScheduleD/TotalBookValueOtherAssetsAmt039008
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Upon completion of the Form 990 by our CPA it will be distributed to the board via email for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest statements are distributed annually to the board. The board members disclose conflicts, if any on the statements, sign and return to management. Board will be made aware of conflicts, if any.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation set by board at annual budget meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Same as above.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The documents are available on websites such as Guidestar. They are also available by request in various formats, copies or via email.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.23$0.34$0.11
2024Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.23$0.29$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.21$0.22$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.61$0.02$1.59$0.46$0.21$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.20$0.15$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.26$0.12$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.49$0.15$0.34
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.01$0.81$0.25$0.16$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.31$0.26$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.01$0.68$0.38$0.25$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.21$0.25$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.01$0.91$0.10$0.21$0.11
2013Detailed filing. Detailed filing data is available for this year.$1.01$0.01$1.02$0.17$0.13$0.04
2012Summary only. Only limited summary data is available for this year.$0.97$0.01$0.96$0.30$0.10$0.19
2011Summary only. Only limited summary data is available for this year.$0.78$0.01$0.78$0.14$0.10$0.04
2010Summary only. Only limited summary data is available for this year.$0.74$0.01$0.75$0.13$0.17$0.04