Civic Intelligence

New York Logger Training Inc.

990EZ • Fiscal year 2023 • EIN 14-1769085

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 27, 2024

47 Van Alstyne DriveRensselaer, NY 12144

(518) 463-1297

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

44th percentile

2.6%

Higher net margin than 44% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • NTEE B99 • <$500k nonprofits • Source year 2023

Asset Growth

53rd percentile

1.8%

Faster asset growth than 53% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-39%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$43,405

Flat from 2023

Net Assets

$43,405

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Flat

$66,812

Flat from 2023

Expenses

Flat

$65,086

Flat from 2023

Net Income

Flat

$1,726

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2011: $24,299Liabilities 2011: $02011Assets 2012: $29,451Liabilities 2012: $02012Assets 2013: $28,778Liabilities 2013: $02013Assets 2014: $31,962Liabilities 2014: $02014Assets 2015: $26,866Liabilities 2015: $02015Assets 2016: $30,531Liabilities 2016: $5,584Net Assets 2016: $24,9472016Assets 2017: $15,809Liabilities 2017: $330Net Assets 2017: $15,4792017Assets 2018: $47,134Liabilities 2018: $23,025Net Assets 2018: $24,1092018Assets 2019: $29,471Liabilities 2019: $3,066Net Assets 2019: $26,4052019Assets 2020: $23,836Liabilities 2020: $2,449Net Assets 2020: $21,3872020Assets 2021: $40,605Liabilities 2021: $2,980Net Assets 2021: $37,6252021Assets 2022: $42,629Liabilities 2022: $950Net Assets 2022: $41,6792022Assets 2023: $43,405Net Assets 2023: $43,4052023Assets 2023: $43,405Liabilities 2023: $02023

Highlighted filing

2023

Assets$43,405
Liabilities-
Net Assets$43,405

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $93,067Expenses 2011: $89,259Net Income 2011: $3,8082011Revenue 2012: $43,686Expenses 2012: $38,534Net Income 2012: $5,1522012Revenue 2013: $50,610Expenses 2013: $51,283Net Income 2013: -$6732013Revenue 2014: $66,485Expenses 2014: $63,301Net Income 2014: $3,1842014Revenue 2015: $39,484Expenses 2015: $43,599Net Income 2015: -$4,1152015Revenue 2016: $51,973Expenses 2016: $53,892Net Income 2016: -$1,9192016Revenue 2017: $215,945Expenses 2017: $225,413Net Income 2017: -$9,4682017Revenue 2018: $115,685Expenses 2018: $107,055Net Income 2018: $8,6302018Revenue 2019: $99,362Expenses 2019: $97,066Net Income 2019: $2,2962019Revenue 2020: $101,542Expenses 2020: $106,560Net Income 2020: -$5,0182020Revenue 2021: $85,186Expenses 2021: $68,947Net Income 2021: $16,2392021Revenue 2022: $110,019Expenses 2022: $105,965Net Income 2022: $4,0542022Revenue 2023: $66,812Expenses 2023: $65,086Net Income 2023: $1,7262023Revenue 2023: $66,812Expenses 2023: $65,086Net Income 2023: $1,7262023

Highlighted filing

2023

Revenue$66,812
Expenses$65,086
Net Income$1,726
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 27, 2024
Return Version
2023v5.0
Gross Receipts
$66,812
Mission and Program Overview

Mission

Coordinate resources to timber harvesters

Program Services

DescriptionGrantsExpenses
COORDINATE THE DELIVERY OF RESOURCES TO TIMBER HARVESTERS WHICH WILL HELP TO IMPROVE SKILLS AND ENVIRONMENTALLY SOUND PRACTICES, ENABLING A SAFER MEANS TO GREATER PRODUCTIVITY.-$65,086
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG JOCHUMPast Preside-$0--
RICK LUTZPresident-$0--
WALTER CHANDLERVice Preside-$0--
JIM KARASZEWSKISecretary/Tr-$0--
DAN SCHAEFERDirector-$0--
JAY HORETZKEDirector-$0--
JEFF WORRELLDirector-$0--
JOHN BARTOWExecutive Di-$0--
Filing and Contact Details

Filer

Filer Name
New York Logger Training Inc
EIN
14-1769085
Phone
5184631297
Address
47 VAN ALSTYNE DRIVE, RENSSELAER, NY 12144

Signing Officer

Name
John Bartow
Title
Executive Director
Phone
5184631297
Signed
2024-03-27
Discuss with paid preparer
Yes

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
John J Tafilowski CPA
Phone
5187863550
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses insurance 2,199 bank fees 730 other program expenses 150 game of logging exp 6,372 continuin ed 8,033 total 17,484

Form 990-ez, Part II, Line 24

Accounts receivable 943 8,838 prepaid expenses and deferred charges 669 702 total 1,612 9,540

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 950 0

Raw XML Appendix174 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0JOHN BARTOW
IRS990EZ/BooksInCareOfDetail/PhoneNum05184631297
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt047 VAN ALSTYNE ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0RENSSELAER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd012144
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt041017
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt033865
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt038500
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01726
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt047602
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt042629
IRS990EZ/Form990TotalAssetsGrp/EOYAmt043405
IRS990EZ/GrossReceiptsAmt066812
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt041679
IRS990EZ/NetAssetsOrFundBalancesEOYAmt043405
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt041679
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt043405
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt72.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CRAIG JOCHUM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICK LUTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2WALTER CHANDLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JIM KARASZEWSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DAN SCHAEFER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JAY HORETZKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JEFF WORRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JOHN BARTOW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PAST PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7EXECUTIVE DI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01612
IRS990EZ/OtherAssetsTotalDetail/EOYAmt09540
IRS990EZ/OtherExpensesTotalAmt017484
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0COORDINATE RESOURCES TO TIMBER HARVESTERS
IRS990EZ/ProgramServiceRevenueAmt028312
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0COORDINATE THE DELIVERY OF RESOURCES TO TIMBER HARVESTERS WHICH WILL HELP TO IMPROVE SKILLS AND ENVIRONMENTALLY SOUND PRACTICES, ENABLING A SAFER MEANS TO GREATER PRODUCTIVITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065086
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0950
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt065086
IRS990EZ/TotalProgramServiceExpensesAmt065086
IRS990EZ/TotalRevenueAmt066812
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.NEWYORKLOGGERTRAINING.ORG/
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt038500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt071571
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt057028
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt085192
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt079235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0331526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt028312
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt038448
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt028158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt016349
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt020125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0131392
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0462918
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt066812
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0110019
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt085186
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0101541
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt099360
IRS990ScheduleA/Total509Grp/TotalAmt0462918
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt066812
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0110019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt085186
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0101542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt099362
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0462921
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INSURANCE 2,199 BANK FEES 730 OTHER PROGRAM EXPENSES 150 GAME OF LOGGING EXP 6,372 CONTINUIN ED 8,033 TOTAL 17,484
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 943 8,838 PREPAID EXPENSES AND DEFERRED CHARGES 669 702 TOTAL 1,612 9,540
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 950 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN BARTOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05184631297
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW YORK LOGGER TRAINING INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWY
ReturnHeader/Filer/EIN0141769085
ReturnHeader/Filer/PhoneNum05184631297
ReturnHeader/Filer/USAddress/AddressLine1Txt047 VAN ALSTYNE DRIVE
ReturnHeader/Filer/USAddress/CityNm0RENSSELAER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012144
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141800427
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CUSACK & COMPANY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 AIRPORT PARK BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LATHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012110
ReturnHeader/PreparerPersonGrp/PhoneNum05187863550
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN J TAFILOWSKI CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-03-27T12:59:57-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BARTOW
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.43$0.67$0.65$0.02
2023Summary only. Only limited summary data is available for this year.$0.43$0.00$0.67$0.65$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.01$0.42$1.10$1.06$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.03$0.38$0.85$0.69$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.02$0.21$1.02$1.07$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.26$0.99$0.97$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.47$0.23$0.24$1.16$1.07$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.00$0.15$2.16$2.25$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.06$0.25$0.52$0.54$0.02
2015Summary only. Only limited summary data is available for this year.$0.27$0.00$0.39$0.44$0.04
2014Summary only. Only limited summary data is available for this year.$0.32$0.00$0.66$0.63$0.03
2013Summary only. Only limited summary data is available for this year.$0.29$0.00$0.51$0.51$0.01
2012Summary only. Only limited summary data is available for this year.$0.29$0.00$0.44$0.39$0.05
2011Summary only. Only limited summary data is available for this year.$0.24$0.00$0.93$0.89$0.04