Civic Intelligence

North Dakota Stockmen'S Foundation

990EZ • Fiscal year 2016 • EIN 26-3385331

Jan 01, 2016 to Dec 31, 2016 • Filed on May 30, 2017

407 South 2nd StreetBismarck, ND 58504

(701) 223-2522

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 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

70th percentile

23%

Higher net margin than 70% of similar nonprofits.

2016 filings • NTEE T • <$500k nonprofits • Source year 2016

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

2016 filings • NTEE T • <$500k nonprofits • Source year 2016

Asset Growth

65th percentile

3.2%

Faster asset growth than 65% of similar nonprofits.

2016 filings • NTEE T • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-84%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • NTEE T • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$302,629

Up $9,372 (+3.2%) from 2015

Net Assets

Up

$302,629

Up $10,259 (+3.5%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$12,985

Down $68,305 (-84%) from 2015

Expenses

Up

$10,009

Up $697 (+7.5%) from 2015

Net Income

Down

$2,976

Down $69,002 (-96%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $110,197Liabilities 2011: $314Net Assets 2011: $109,8832011Assets 2013: $240,157Liabilities 2013: $1,060Net Assets 2013: $239,0972013Assets 2014: $226,018Net Assets 2014: $226,0182014Assets 2015: $293,257Liabilities 2015: $887Net Assets 2015: $292,3702015Assets 2016: $302,629Net Assets 2016: $302,6292016Assets 2017: $423,964Liabilities 2017: $0Net Assets 2017: $423,9642017Assets 2018: $383,347Net Assets 2018: $383,3472018Assets 2019: $646,636Liabilities 2019: $0Net Assets 2019: $646,6362019Assets 2020: $677,943Liabilities 2020: $0Net Assets 2020: $677,9432020Assets 2021: $693,262Liabilities 2021: $553Net Assets 2021: $692,7092021Assets 2022: $965,697Liabilities 2022: $84Net Assets 2022: $965,6132022Assets 2024: $4,300,300Liabilities 2024: $1,370,157Net Assets 2024: $2,930,1432024

Highlighted filing

2016

Assets$302,629
Liabilities-
Net Assets$302,629

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $46,561Expenses 2011: $8,153Net Income 2011: $38,4082011Revenue 2013: $145,323Expenses 2013: $32,179Net Income 2013: $113,1442013Revenue 2014: $172,239Expenses 2014: $186,587Net Income 2014: -$14,3482014Revenue 2015: $81,290Expenses 2015: $9,312Net Income 2015: $71,9782015Revenue 2016: $12,985Expenses 2016: $10,009Net Income 2016: $2,9762016Revenue 2017: $173,907Expenses 2017: $71,570Net Income 2017: $102,3372017Revenue 2018: $28,552Expenses 2018: $56,434Net Income 2018: -$27,8822018Revenue 2019: $216,394Expenses 2019: $63,223Net Income 2019: $153,1712019Revenue 2020: $47,248Expenses 2020: $40,993Net Income 2020: $6,2552020Revenue 2021: $94,210Expenses 2021: $29,973Net Income 2021: $64,2372021Revenue 2022: $625,223Expenses 2022: $313,231Net Income 2022: $311,9922022Revenue 2024: $1,076,969Expenses 2024: $248,414Net Income 2024: $828,5552024

Highlighted filing

2016

Revenue$12,985
Expenses$10,009
Net Income$2,976
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 30, 2017
Return Version
2016v3.0
Gross Receipts
$12,985
Mission and Program Overview

Mission

To engage in educational, promotional, and research activities dedicated to the improvement of the beef cattle industry.

Program Services

DescriptionGrantsExpenses
AWARDED EIGHT SCHOLARSHIPS TO STUDENTS INTERESTED IN CAREERS IN THE BEEF CATTLE INDUSTRY.$4,250-
DONATION TO SUPPORT LAW ENFORCEMENT DURING THE PROTESTS AGAINST THE DAKOTA ACCESS PIPELINE PROJECT.$500-
SUPPORTED BUILDING IMPROVEMENTS AT THE ND STOCKMEN'S ASSOCIATION.$9-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE BROOKSPresident-$0--
WARREN ZENKERVice President-$0--
DAN RORVIGDirector-$0--
PAIGE BURIANDirector-$0--
RICHARD C TOKACHDirector-$0--
MARK HUSETHDirector-$0--
JEFF DAHLDirector-$0--
GENE HARRISDirector-$0--
RENEE ERICKSONDirector-$0--
JULIE ELLINGSONSec/Treas-$0--
Filing and Contact Details

Filer

Filer Name
North Dakota Stockmens Foundation
EIN
26-3385331
Phone
7012232522
Address
407 SOUTH 2ND STREET, BISMARCK, ND 58504

Signing Officer

Name
Julie Ellingson
Title
Executive Director
Signed
2017-05-30
Discuss with paid preparer
Yes

Preparer

Firm
Mahlum Goodhart Pc
Address
204 E MAIN STREET, MANDAN, ND 58554
Preparer
Rhonda Mahlum
Phone
7016639345
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $123

Other Expenses.1002

Office Expenses $4113

Other Expenses.1007

Conferences, Conventions, and Meetings $278

Other Assets.1005

Accounts Receivable - Beginning $6468 Accounts Receivable - Ending $800

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $887 Accounts Payable and Accrued Expenses - Ending $0

Raw XML Appendix180 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0JULIE ELLINGSON
IRS990EZ/BooksInCareOfDetail/PhoneNum07012232522
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0407 SOUTH 2ND STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BISMARCK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0585045535
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0286789
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0301829
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt012938
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt02976
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0745
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0293257
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0302629
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt04750
IRS990EZ/GrossReceiptsAmt012985
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt047
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0292370
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0302629
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0292370
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0302629
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt94.00
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/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVE BROOKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WARREN ZENKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAN RORVIG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PAIGE BURIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RICHARD C TOKACH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MARK HUSETH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JEFF DAHL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7GENE HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8RENEE ERICKSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9JULIE ELLINGSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9SEC/TREAS
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt06468
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0800
IRS990EZ/OtherChangesInNetAssetsAmt07283
IRS990EZ/OtherExpensesTotalAmt04514
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENGAGE IN EDUCATIONAL, PROMOTIONAL, AND RESEARCH ACTIVITIES DEDICATED TO THE IMPROVEMENT OF THE BEEF CATTLE INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0AWARDED EIGHT SCHOLARSHIPS TO STUDENTS INTERESTED IN CAREERS IN THE BEEF CATTLE INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SUPPORTED BUILDING IMPROVEMENTS AT THE ND STOCKMEN'S ASSOCIATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2DONATION TO SUPPORT LAW ENFORCEMENT DURING THE PROTESTS AGAINST THE DAKOTA ACCESS PIPELINE PROJECT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt04250
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt19
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt2500
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0ND
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0887
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010009
IRS990EZ/TotalProgramServiceExpensesAmt04759
IRS990EZ/TotalRevenueAmt012985
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt012938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt092670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0153905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt081845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt028004
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0369362
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01863
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0112
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03706
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99010
IRS990ScheduleA/PublicSupportPY170Pct00.99050
IRS990ScheduleA/PublicSupportTotal170Amt0369362
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt012938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt092670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0153905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt081845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt028004
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0369362
IRS990ScheduleA/TotalSupportAmt0373068
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $123
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $4113
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, Conventions, and Meetings $278
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Receivable - Beginning $6468 Accounts Receivable - Ending $800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Accounts Payable and Accrued Expenses - Beginning $887 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1001
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE ELLINGSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH DAKOTA STOCKMENS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0263385331
ReturnHeader/Filer/PhoneNum07012232522
ReturnHeader/Filer/USAddress/AddressLine1Txt0407 SOUTH 2ND STREET
ReturnHeader/Filer/USAddress/CityNm0BISMARCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058504
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHLUM GOODHART PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0204 E MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANDAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd058554
ReturnHeader/PreparerPersonGrp/PhoneNum07016639345
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rhonda Mahlum
ReturnHeader/ReturnTs02017-05-30T07:15:31-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.30$1.37$2.93$1.08$0.25$0.83
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$0.63$0.31$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$0.09$0.03$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$0.05$0.04$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.22$0.06$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.38$0.38$0.03$0.06$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.00$0.42$0.17$0.07$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.30$0.01$0.01$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.08$0.01$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.23$0.17$0.19$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.15$0.03$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.05$0.01$0.04