Civic Intelligence

Benevolent & Protective Order of Elks of the USA

990 • Fiscal year 2017 • EIN 15-0400985

Apr 01, 2016 to Mar 31, 2017 • Filed on May 11, 2017

PO Box 43Seneca Falls, NY 13148

(315) 568-5931

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.04x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)8 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.07x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)8 • <$500k nonprofits • Source year 2017

Net Margin

87th percentile

22%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)8 • <$500k nonprofits • Source year 2017

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2017 filings • 501(c)8 • <$500k nonprofits • Source year 2017

Asset Growth

85th percentile

16%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)8 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

30%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)8 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$261,977

Up $35,856 (+16%) from 2016

Net Assets

Up

$250,975

Up $34,140 (+16%) from 2016

Liabilities

Up

$11,002

Up $1,716 (+18%) from 2016

Revenue

Up

$156,151

Up $35,846 (+30%) from 2016

Expenses

Up

$122,011

Up $37,647 (+45%) from 2016

Net Income

Down

$34,140

Down $1,801 (-5.0%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $169,602Liabilities 2012: $4,720Net Assets 2012: $164,8822012Assets 2013: $177,867Liabilities 2013: $11,112Net Assets 2013: $166,7552013Assets 2014: $195,233Liabilities 2014: $12,136Net Assets 2014: $183,0972014Assets 2015: $193,874Liabilities 2015: $12,980Net Assets 2015: $180,8952015Assets 2016: $226,121Liabilities 2016: $9,286Net Assets 2016: $216,8352016Assets 2017: $261,977Liabilities 2017: $11,002Net Assets 2017: $250,9752017Assets 2018: $296,299Liabilities 2018: $12,719Net Assets 2018: $283,5802018Assets 2019: $318,074Liabilities 2019: $13,199Net Assets 2019: $304,8752019Assets 2020: $326,271Liabilities 2020: $11,271Net Assets 2020: $315,0002020Assets 2021: $328,254Liabilities 2021: $13,254Net Assets 2021: $315,0002021Assets 2022: $269,371Liabilities 2022: $13,918Net Assets 2022: $255,4532022Assets 2023: $264,525Liabilities 2023: $12,237Net Assets 2023: $252,2882023Assets 2024: $269,889Liabilities 2024: $17,795Net Assets 2024: $252,0942024Assets 2025: $282,052Liabilities 2025: $13,967Net Assets 2025: $268,0852025

Highlighted filing

2017

Assets$261,977
Liabilities$11,002
Net Assets$250,975

Operations Trend

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

$200K$100K$0-$100KRevenue 2012: $119,662Expenses 2012: $107,285Net Income 2012: $12,3772012Revenue 2013: $102,382Expenses 2013: $106,305Net Income 2013: -$3,9232013Revenue 2014: $111,297Expenses 2014: $97,926Net Income 2014: $13,3712014Revenue 2015: $101,257Expenses 2015: $103,459Net Income 2015: -$2,2022015Revenue 2016: $120,305Expenses 2016: $84,364Net Income 2016: $35,9412016Revenue 2017: $156,151Expenses 2017: $122,011Net Income 2017: $34,1402017Revenue 2018: $157,426Expenses 2018: $119,631Net Income 2018: $37,7952018Revenue 2019: $129,439Expenses 2019: $108,143Net Income 2019: $21,2962019Revenue 2020: $124,572Expenses 2020: $114,447Net Income 2020: $10,1252020Revenue 2021: $36,580Expenses 2021: $79,457Net Income 2021: -$42,8772021Revenue 2022: $93,428Expenses 2022: $116,709Net Income 2022: -$23,2812022Revenue 2023: $113,746Expenses 2023: $141,473Net Income 2023: -$27,7272023Revenue 2024: $143,888Expenses 2024: $156,893Net Income 2024: -$13,0052024Revenue 2025: $124,681Expenses 2025: $161,570Net Income 2025: -$36,8892025

Highlighted filing

2017

Revenue$156,151
Expenses$122,011
Net Income$34,140
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$337,534
Mission and Program Overview

Mission

Provide food, beverage,social functions and fraternal activities to members. Participate in charitable and community activities.

To function as a subordinate lodge in the benevolent and protective order of elks, a tax exempt fraternal organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$111,606$152,115▲ $40,509
Land, Buildings, and Equipment, Net$58,526$59,668▲ $1,142
Savings and Temporary Cash Investments$45,758$40,511▼ $5,247
Inventories for Sale or Use$10,231$9,683▼ $548
Total Assets$226,121$261,977▲ $35,856
Liabilities
Deferred Revenue$4,930$7,522▲ $2,592
Accounts Payable and Accrued Expenses$4,356$3,480▼ $876
Total Liabilities$9,286$11,002▲ $1,716
Net Assets / Fund Balance
Unrestricted Net Assets$171,077$210,464▲ $39,387
Temporarily Rstr Net Assets$45,758$40,511▼ $5,247
Total Net Assets Fund Balance$216,835$250,975▲ $34,140
Total Liabilities and Net Assets / Fund Balance$226,121$261,977▲ $35,856

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,573$208,136$234,709
Other Land Buildings$8,294$151,299$159,593
Land$24,801-$24,801
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary TricklerTrustee
John H VeltTrustee
Warren FredericksonTrustee
Robert LockmanExalted Ruler
Josh DursoLeading Knight
Robert ErwayLecturing Knight
Branden BondLoyal Knight
Patricia FaiolaSecretary
Joe PetrocciTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,814
Program Service Revenue
$28,094
Investment Income
$61
Other Revenue
$105,182
All Other Contributions
$8,016
Change in Net Assets
$34,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,603
Salaries, Compensation, and Employee Benefits$8,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$29,977
Insurance---$9,457
Other Salaries and Wages---$7,784
Depreciation Depletion---$6,488
Other Expenses---$5,793
Conferences and Meetings---$4,865
Payments to Affiliates---$4,692
Fees for Services Accounting---$2,360
Payroll Taxes---$624
Fees for Services Other---$567
Office Expenses---$467
Advertising---$295
Total Functional Expenses$0$0$0$122,011
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$181,672
Gaming Direct Expenses$142,689
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Section A, Line 6

The organization consists of 285 dues paying members.

Form 990, Part VI, Section A, Line 7A

Members annually elect officers and trustees.

Form 990, Part VI, Section B, Line 11B

Membership is informed that the annual form 990 and related grand lodge report have been prepared and are available for review prior to approval being voted on by members at a regularly scheduled lodge meeting.

Form 990, Part VI, Section B, Line 12C

Officers and trustees are annually required to disclose any and all possible conflicts of interest.

Form 990, Part VI, Section B, Line 15A

All compensation rates are established according to the organization's by-laws.

Form 990, Part VI, Section C, Line 19

Organization makes governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Benevolent & Protective Order of Elks
EIN
15-0400985
Phone
3155685931
Address
PO BOX 43, SENECA FALLS, NY 13148

Signing Officer

Name
Warren Frederickson
Title
Exalted Ruler
Phone
3155685931
Signed
2017-05-11

Organization Details

Principal Officer
Warren Frederickson
Formed
1906
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
20

Preparer

Firm
Dennis J Hayes CPA
Address
170 GENESEE ST, GENEVA, NY 14456
Preparer
Dennis J Hayes CPA
Phone
3157890525
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Charities 5,611. Real estate taxes 5,020. Grant expenses 4,000. Supplies - lodge 3,623. Telephone & cable tv 3,152. Linen & laundry 1,711. Postage 1,653. Refuse & snow removal 1,440. Licenses 1,162. Miscellaneous expense 971. Bulletin 813. Supplies - bar 579. Janitorial expense 242.

Raw XML AppendixShowing 400 of 435 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.

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IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt038983
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd01
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsPct01.00000
IRS990ScheduleG/GamingManagerIsDirectorOfcrInd0X
IRS990ScheduleG/GamingManagerPersonNm0BELL JAR COMMITTEE
IRS990ScheduleG/GamingManagerServicesProvTxt0PREPARES REPORTS.
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/IndividualWithBooksNm0BELL JAR COMMITTEE
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 43
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0SENECA FALLS
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0NY
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd0131480043
IRS990ScheduleG/StatesWhereGamingConductedCd0NY
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF 285 DUES PAYING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ANNUALLY ELECT OFFICERS AND TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIP IS INFORMED THAT THE ANNUAL FORM 990 AND RELATED GRAND LODGE REPORT HAVE BEEN PREPARED AND ARE AVAILABLE FOR REVIEW PRIOR TO APPROVAL BEING VOTED ON BY MEMBERS AT A REGULARLY SCHEDULED LODGE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS AND TRUSTEES ARE ANNUALLY REQUIRED TO DISCLOSE ANY AND ALL POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL COMPENSATION RATES ARE ESTABLISHED ACCORDING TO THE ORGANIZATION'S BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION MAKES GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHARITIES 5,611. REAL ESTATE TAXES 5,020. GRANT EXPENSES 4,000. SUPPLIES - LODGE 3,623. TELEPHONE & CABLE TV 3,152. LINEN & LAUNDRY 1,711. POSTAGE 1,653. REFUSE & SNOW REMOVAL 1,440. LICENSES 1,162. MISCELLANEOUS EXPENSE 971. BULLETIN 813. SUPPLIES - BAR 579. JANITORIAL EXPENSE 242.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BENEVOLENT & PROTECTIVE ORDER OF ELKS OF AMERICA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NEW YORK STATE ELKS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0360793011
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1166036851
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(8) & (C)(10)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(8) & (C)(10)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FRATERNAL ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1FRATERNAL ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02750 LAKEVIEW AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt131 HOLCOMB RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1AVERILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060614
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd112012
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt04216
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1476
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ANNUAL PER CAPITA ASSESSMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ANNUAL PER CAPITA ASSESSMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BENEVOLENT & PROTECTIVE ORDER OF ELKS OF AMERICA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEW YORK STATE ELKS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt045758
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt040511
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0226121
IRS990/TotalAssetsEOYAmt0261977
IRS990/TotalAssetsGrp/BOYAmt0226121
IRS990/TotalAssetsGrp/EOYAmt0261977
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt022814
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0122011
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09286
IRS990/TotalLiabilitiesEOYAmt011002
IRS990/TotalLiabilitiesGrp/BOYAmt09286
IRS990/TotalLiabilitiesGrp/EOYAmt011002
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0216835
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0250975
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt028094
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06329
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0127008
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0156151
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0226121
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0261977
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0171077
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0210464
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 43
IRS990/USAddress/CityNm0SENECA FALLS
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013148
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.82$0.14$2.68$1.25$1.62$0.37
2024Detailed filing. Detailed filing data is available for this year.$2.70$0.18$2.52$1.44$1.57$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.65$0.12$2.52$1.14$1.41$0.28
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.14$2.55$0.93$1.17$0.23
2021Detailed filing. Detailed filing data is available for this year.$3.28$0.13$3.15$0.37$0.79$0.43
2020Detailed filing. Detailed filing data is available for this year.$3.26$0.11$3.15$1.25$1.14$0.10
2019Detailed filing. Detailed filing data is available for this year.$3.18$0.13$3.05$1.29$1.08$0.21
2018Detailed filing. Detailed filing data is available for this year.$2.96$0.13$2.84$1.57$1.20$0.38
2017Detailed filing. Detailed filing data is available for this year.$2.62$0.11$2.51$1.56$1.22$0.34
2016Detailed filing. Detailed filing data is available for this year.$2.26$0.09$2.17$1.20$0.84$0.36
2015Detailed filing. Detailed filing data is available for this year.$1.94$0.13$1.81$1.01$1.03$0.02
2014Summary only. Only limited summary data is available for this year.$1.95$0.12$1.83$1.11$0.98$0.13
2013Summary only. Only limited summary data is available for this year.$1.78$0.11$1.67$1.02$1.06$0.04
2012Summary only. Only limited summary data is available for this year.$1.70$0.05$1.65$1.20$1.07$0.12