Civic Intelligence

Shake Rag Alley Inc.

990 • Fiscal year 2016 • EIN 26-0094618

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

18 Shake Rag StreetMineral Point, WI 53565

(608) 987-3292

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.25x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

1.17x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

26th percentile

-4.6%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-29%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$923,989

Down $44,690 (-4.6%) from 2015

Net Assets

Down

$696,721

Down $43,843 (-5.9%) from 2015

Liabilities

Down

$227,268

Down $847 (-0.4%) from 2015

Revenue

Down

$195,073

Down $81,465 (-29%) from 2015

Expenses

Up

$241,187

Up $22,116 (+10%) from 2015

Net Income

Down

-$46,114

Down $103,581 (-180%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $531,515Liabilities 2010: $433,508Net Assets 2010: $98,0072010Assets 2011: $524,302Liabilities 2011: $321,663Net Assets 2011: $202,6392011Assets 2012: $709,197Liabilities 2012: $316,751Net Assets 2012: $392,4462012Assets 2013: $817,074Liabilities 2013: $210,758Net Assets 2013: $606,3162013Assets 2014: $895,396Liabilities 2014: $210,427Net Assets 2014: $684,9692014Assets 2015: $968,679Liabilities 2015: $228,115Net Assets 2015: $740,5642015Assets 2016: $923,989Liabilities 2016: $227,268Net Assets 2016: $696,7212016Assets 2017: $908,789Liabilities 2017: $240,840Net Assets 2017: $667,9492017Assets 2018: $996,019Liabilities 2018: $247,677Net Assets 2018: $748,3422018Assets 2019: $987,267Liabilities 2019: $254,937Net Assets 2019: $732,3302019Assets 2020: $1,092,624Liabilities 2020: $349,189Net Assets 2020: $743,4352020Assets 2021: $1,151,825Liabilities 2021: $376,951Net Assets 2021: $774,8742021Assets 2022: $1,071,333Liabilities 2022: $297,311Net Assets 2022: $774,0222022Assets 2023: $1,107,289Liabilities 2023: $288,033Net Assets 2023: $819,2562023Assets 2024: $1,272,717Liabilities 2024: $279,184Net Assets 2024: $993,5332024

Highlighted filing

2016

Assets$923,989
Liabilities$227,268
Net Assets$696,721

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $312,5082010Expenses 2011: $324,5032011Expenses 2012: $218,1502012Revenue 2013: $462,830Expenses 2013: $256,519Net Income 2013: $206,3112013Revenue 2014: $345,721Expenses 2014: $276,780Net Income 2014: $68,9412014Revenue 2015: $276,538Expenses 2015: $219,071Net Income 2015: $57,4672015Revenue 2016: $195,073Expenses 2016: $241,187Net Income 2016: -$46,1142016Revenue 2017: $253,866Expenses 2017: $287,661Net Income 2017: -$33,7952017Revenue 2018: $404,673Expenses 2018: $315,824Net Income 2018: $88,8492018Revenue 2019: $282,982Expenses 2019: $303,148Net Income 2019: -$20,1662019Revenue 2020: $246,535Expenses 2020: $239,260Net Income 2020: $7,2752020Revenue 2021: $343,266Expenses 2021: $335,570Net Income 2021: $7,6962021Revenue 2022: $460,659Expenses 2022: $445,107Net Income 2022: $15,5522022Revenue 2023: $497,144Expenses 2023: $471,523Net Income 2023: $25,6212023Revenue 2024: $678,006Expenses 2024: $504,699Net Income 2024: $173,3072024

Highlighted filing

2016

Revenue$195,073
Expenses$241,187
Net Income-$46,114
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$225,221
Mission and Program Overview

Mission

To provide educational experiences in visual, performing, and literary arts for adults and children;cultivate the creativity that thrives in our rural community; and rehabilitate and preserve our historic buildings and campus.

To provide educational experiences in visual, performing, and literary arts for adults and children;cultivate the creativity that thrives in our rural community;and rehabilitate and preserve our historic buildings and campus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$877,994$847,691▼ $30,303
Cash and Non-Interest-Bearing Accounts$42,742$32,844▼ $9,898
Investments in Publicly Traded Securities$22,843$25,645▲ $2,802
Pledges and Grants Receivable$20,000$15,000▼ $5,000
Prepaid Expenses and Deferred Charges$5,100$2,809▼ $2,291
Total Assets$968,679$923,989▼ $44,690
Liabilities
Mortgage Notes Payable Secured by Investment Property$207,320$202,466▼ $4,854
Deferred Revenue$18,586$22,816▲ $4,230
Accounts Payable and Accrued Expenses$2,209$1,986▼ $223
Total Liabilities$228,115$227,268▼ $847
Net Assets / Fund Balance
Unrestricted Net Assets$729,339$686,568▼ $42,771
Temporarily Rstr Net Assets$11,225$10,153▼ $1,072
Total Net Assets Fund Balance$740,564$696,721▼ $43,843
Total Liabilities and Net Assets / Fund Balance$968,679$923,989▼ $44,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$740,381$192,937$933,318
Land$101,726-$101,726
Equipment$5,584$37,236$42,820
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike ChristensenPresident
Betty HoganDirector
Cathy KaiserDirector
Cathy LawsonDirector
Joe WitmerDirector
Ken WallaceDirector
Linda HurleyDirector
Lorraine ReynoldsDirector
Paula WashowDirector
Kris MccoySecretary
Susan SocherTreasurer
Cathy KittoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$51,888
Program Service Revenue
$115,785
Investment Income
$530
Other Revenue
$26,870
All Other Contributions
$27,903
Change in Net Assets
$-46,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,737
Salaries, Compensation, and Employee Benefits$77,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,282$16,422-$71,704
Depreciation Depletion$24,460--$24,460
Occupancy$20,471--$20,471
Advertising$11,585--$11,585
Insurance$8,184--$8,184
Interest$7,274--$7,274
Office Expenses$6,424--$6,424
Payroll Taxes$4,432$1,314-$5,746
Other Expenses$3,837--$3,837
Fees for Services Accounting-$3,351-$3,351
All Other Expenses$1,655--$1,655
Total Functional Expenses$220,100$21,087$0$241,187
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,029
Fundraising Direct Expenses$2,323
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
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
No
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, Page 6, Part VI, Line 11B

The form 990 will be reviewed and approved by the board of directors, administrative committee, and bookkeeper prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization relies on honesty of employees and board members as a way of monitoring the policy.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Shake Rag Alley Inc
EIN
26-0094618
Phone
6089873292
Address
18 SHAKE RAG STREET, MINERAL POINT, WI 53565

Signing Officer

Name
Mike Christensen
Title
President
Phone
6089873292
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Christensen
Formed
2004
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
11
Volunteers
64

Preparer

Firm
Johnson Block & Co Inc
Address
2500 BUSINESS PARK ROAD, MINERAL POINT, WI 53565
Preparer
Joseph G Mohlmann
Phone
6089872206
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02809
IRS990/PrincipalOfficerNm0MIKE CHRISTENSEN
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IRS990/ProgramServiceRevenueGrp/Desc0WORKSHOP INCOME - COURSE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0115785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115785
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0160775
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0937
IRS990/PYOtherExpensesAmt0129308
IRS990/PYOtherRevenueAmt023659
IRS990/PYProgramServiceRevenueAmt091167
IRS990/PYRevenuesLessExpensesAmt057467
IRS990/PYSalariesCompEmpBnftPaidAmt089763
IRS990/PYTotalExpensesAmt0219071
IRS990/PYTotalRevenueAmt0276538
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-46114
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt08226
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0115785
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt012050
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt080000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt050146
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt07530
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0158726
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 19,851 MARKETING INCOME 6,360
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt051888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0160775
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0194374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0112191
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0126481
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0645709
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02801
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0937
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01153
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0234
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07246
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0118732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt091897
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0102456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0116399
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0117703
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0547187
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt014029
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt014664
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt09847
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt020054
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt014809
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt073403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02801
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0937
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt038410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt041080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014517
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt097745
IRS990ScheduleA/InvestmentIncomeCYPct00.07000
IRS990ScheduleA/InvestmentIncomePYPct00.06000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04582
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04649
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02873
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05536
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08571
IRS990ScheduleA/OtherIncome509Grp/TotalAmt026211
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt037257
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt038959
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt014283
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt090499
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79670
IRS990ScheduleA/PublicSupportPY509Pct00.79580
IRS990ScheduleA/PublicSupportTotal509Amt01107573
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt012050
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt080000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt050146
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt07530
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0158726
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0184649
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0267336
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0248644
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0258993
IRS990ScheduleA/Total509Grp/TotalAmt01266299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0192032
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0272922
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0295260
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0282081
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01390255
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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/BookValueAmt0740381
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0192937
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0933318
IRS990ScheduleD/EquipmentGrp/BookValueAmt05584
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037236
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042820
IRS990ScheduleD/LandGrp/BookValueAmt0101726
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0101726
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0847691
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, ADMINISTRATIVE COMMITTEE, AND BOOKKEEPER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RELIES ON HONESTY OF EMPLOYEES AND BOARD MEMBERS AS A WAY OF MONITORING THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.28$0.99$0.68$0.50$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.29$0.82$0.50$0.47$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.30$0.77$0.46$0.45$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.38$0.77$0.34$0.34$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.09$0.35$0.74$0.25$0.24$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.25$0.73$0.28$0.30$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.25$0.75$0.40$0.32$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.24$0.67$0.25$0.29$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.23$0.70$0.20$0.24$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.23$0.74$0.28$0.22$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.21$0.68$0.35$0.28$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.82$0.21$0.61$0.46$0.26$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.32$0.39$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.32$0.20$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.43$0.10$0.31