Civic Intelligence

World Karting Association Inc

990 • Fiscal year 2019 • EIN 31-0810666

Dec 01, 2018 to Nov 30, 2019 • Filed on May 08, 2020

Organization ProfileWORLDKARTING.COM
6051 Victory LaneConcord, NC 28027

(704) 455-1606

Siviq Scores

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

Liabilities / Assets

46th percentile

0.18x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.07x

Higher debt load relative to revenue than 28% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Net Margin

17th percentile

-7.4%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2019 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2019

Asset Growth

17th percentile

-5.0%

Faster asset growth than 17% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.6%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$485,619

Down $25,739 (-5.0%) from 2018

Net Assets

Down

$400,123

Down $92,990 (-19%) from 2018

Liabilities

Up

$85,496

Up $67,251 (+369%) from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin17th percentile

Revenue

Down

$1,255,123

Down $7,055 (-0.6%) from 2018

Expenses

Up

$1,348,113

Up $35,616 (+2.7%) from 2018

Net Income

Down

-$92,990

Down $42,671 (-85%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$800K$600K$400K$200K$0Assets 2014: $569,290Liabilities 2014: $64,559Net Assets 2014: $504,7312014Assets 2015: $661,185Liabilities 2015: $54,294Net Assets 2015: $606,8912015Assets 2016: $635,437Liabilities 2016: $90,452Net Assets 2016: $544,9852016Assets 2018: $511,358Liabilities 2018: $18,245Net Assets 2018: $493,1132018Assets 2019: $485,619Liabilities 2019: $85,496Net Assets 2019: $400,1232019Assets 2020: $491,938Liabilities 2020: $195,284Net Assets 2020: $296,6542020Assets 2021: $551,594Liabilities 2021: $261,766Net Assets 2021: $289,8282021Assets 2022: $566,349Liabilities 2022: $257,164Net Assets 2022: $309,1852022Assets 2023: $550,113Liabilities 2023: $253,209Net Assets 2023: $296,9042023Assets 2024: $537,200Liabilities 2024: $242,447Net Assets 2024: $294,7532024

Highlighted filing

2019

Assets$485,619
Liabilities$85,496
Net Assets$400,123
Open 2019 Filing

Operations Trend

Revenue Growth38th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,352,694Expenses 2014: $1,298,515Net Income 2014: $54,1792014Revenue 2015: $1,251,092Expenses 2015: $1,148,932Net Income 2015: $102,1602015Revenue 2016: $1,227,924Expenses 2016: $1,289,830Net Income 2016: -$61,9062016Revenue 2018: $1,262,178Expenses 2018: $1,312,497Net Income 2018: -$50,3192018Revenue 2019: $1,255,123Expenses 2019: $1,348,113Net Income 2019: -$92,9902019Revenue 2020: $1,044,098Expenses 2020: $1,147,567Net Income 2020: -$103,4692020Revenue 2021: $1,530,529Expenses 2021: $1,537,355Net Income 2021: -$6,8262021Revenue 2022: $1,552,440Expenses 2022: $1,533,083Net Income 2022: $19,3572022Revenue 2023: $1,629,619Expenses 2023: $1,641,900Net Income 2023: -$12,2812023Revenue 2024: $1,351,835Expenses 2024: $1,353,986Net Income 2024: -$2,1512024

Highlighted filing

2019

Revenue$1,255,123
Expenses$1,348,113
Net Income-$92,990
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2018 to Nov 30, 2019
Signed
May 8, 2020
Return Version
2018v3.1
Gross Receipts
$1,255,123
Mission and Program Overview

Mission

To provide a safe, fair, consistent, fun, and affordable environment for the beginner, hobbyist, and future stars of motorsports to fulfill their racing dreams.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$493,113$400,123▼ $92,990
Investments Other Securities$234,310$234,310→ $0
Savings and Temporary Cash Investments$134,905$88,028▼ $46,877
Accounts Receivable$83,827$85,566▲ $1,739
Land, Buildings, and Equipment, Net$16,641$40,521▲ $23,880
Cash and Non-Interest-Bearing Accounts$35,010$30,529▼ $4,481
Total Assets$511,358$485,619▼ $25,739
Other Assets Total$6,665$6,665→ $0
Liabilities
Accounts Payable and Accrued Expenses$19,321$52,113▲ $32,792
Other Liabilities$-1,076$33,383▲ $34,459
Total Liabilities$18,245$85,496▲ $67,251
Net Assets / Fund Balance
Total Net Assets Fund Balance$493,113$400,123▼ $92,990
Total Liabilities and Net Assets / Fund Balance$511,358$485,619▼ $25,739

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$336,099$336,099
Other Land Buildings$38,145$42,165$80,310
Equipment$2,376$17,096$19,472
Other Assets Org$6,665--
Other Securities$234,310--
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Kevin WilliamsPresident
Lyn HaddockVice President
Bobby GettysVice President 4 Cycle
Andy SeesemannTrustee
Dave KoehlerTrustee
George SierackiTrustee
Jerry ColeTrustee
Johnny BartlettTrustee
Lee CamarraTrustee
Randall LylesTrustee
Vito DepintoTrustee
Mike TetreaultCOB
Steve JacobsenSecretary
Angelo BuffomanteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,642
Program Service Revenue
$1,188,565
Investment Income
$18
Other Revenue
$9,898
Change in Net Assets
$-92,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,196,532
Salaries, Compensation, and Employee Benefits$151,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$127,286-$127,286
Occupancy-$68,764-$68,764
Fees for Services Legal-$30,978-$30,978
All Other Expenses$8,562$21,635-$30,197
Office Expenses-$27,837-$27,837
Travel$18,407--$18,407
Insurance$17,755--$17,755
Payroll Taxes-$14,397-$14,397
Depreciation Depletion$5,460$3,133-$8,593
Interest$7,199$82-$7,281
Other Employee Benefits-$6,680-$6,680
Advertising$5,363--$5,363
Pension Plan Contributions-$3,218-$3,218
Fees for Services Accounting-$1,275-$1,275
Conferences and Meetings$379--$379
Other Expenses$10--$10
Total Functional Expenses$1,042,828$305,285$0$1,348,113
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Trailer Loan$18,522
Com Stock Open Bal Equity$15,395
Deferred Income$240
Rounding$2
Payroll Liabilities$-776
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Some trustees own businesses that other trustees and the organization do transact business.”

Members or stockholder classes and rights Part VI line 6

“The membership is divided into ten districts throughout the united states and canada.”

Member election for additional members Part VI line 7A

“The membership vote on trustees to represent the different districts.”

Governing body decisions Part VI line 7B

“Any changes to bylaws require a vote from the membership.”

Form 990 governing body review Part VI line 11

“The form 990 is reviewed by the vice president and treasurer prior to filing the return.”

Governing documents etc available to public Part VI line 19

“Posted periodically in magazine and on website.”

Filing and Contact Details

Filer

Filer Name
Wka Association
EIN
31-0810666
Address
6051 VICTORY LANE, CONCORD, NC 28027

Signing Officer

Name
Michael Tetreault
Title
Chairman
Phone
7044551606
Signed
2020-05-08
Discuss with paid preparer
No

Organization Details

Formed
1985
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
5

Preparer

Firm
Better Financial Solutions LLC
Address
6465 Frank Ave NW, North Canton, OH 44720
Preparer
Marie Cutlip
Phone
3304945335
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IRS990/OtherAssetsTotalGrp/BOYAmt06665
IRS990/OtherAssetsTotalGrp/EOYAmt06665
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06680
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06680
IRS990/OtherExpensesGrp/Desc0RACE EXPENSE
IRS990/OtherExpensesGrp/Desc1CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc2POSTAGE AND SHIPPING
IRS990/OtherExpensesGrp/Desc3LICENSE AND PERMITS
IRS990/OtherExpensesGrp/ProgramServicesAmt0849807
IRS990/OtherExpensesGrp/ProgramServicesAmt1120103
IRS990/OtherExpensesGrp/ProgramServicesAmt29783
IRS990/OtherExpensesGrp/ProgramServicesAmt310
IRS990/OtherExpensesGrp/TotalAmt0849807
IRS990/OtherExpensesGrp/TotalAmt1120103
IRS990/OtherExpensesGrp/TotalAmt29783
IRS990/OtherExpensesGrp/TotalAmt310
IRS990/OtherLiabilitiesGrp/BOYAmt0-1076
IRS990/OtherLiabilitiesGrp/EOYAmt033383
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09898
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09898
IRS990/OtherRevenueTotalAmt09898
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0127286
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127286
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014397
IRS990/PayrollTaxesGrp/TotalAmt014397
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03218
IRS990/PensionPlanContributionsGrp/TotalAmt03218
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/Desc0RACE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INSURANCELICENSE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0895615
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1292950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0895615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1292950
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPLY INSURANCE FOR MEMBERS DURING ASSOCIATION SANCTIONED EVENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt020155
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0292950
IRS990/ProgSrvcAccomActy3Grp/Desc0WKA MAINTAINS A DIRECT MAIL PROGRAM TO KEEP MEMBERS INFORMED OF ACTIVITIES, EVENTS, AND ELECTIONS ETC.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015146
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt050247
IRS990/PYInvestmentIncomeAmt036
IRS990/PYOtherExpensesAmt01156413
IRS990/PYOtherRevenueAmt0803
IRS990/PYProgramServiceRevenueAmt01211092
IRS990/PYRevenuesLessExpensesAmt0-50319
IRS990/PYSalariesCompEmpBnftPaidAmt0156084
IRS990/PYTotalExpensesAmt01312497
IRS990/PYTotalRevenueAmt01262178
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-92990
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0895615
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0493113
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0400123
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0134905
IRS990/SavingsAndTempCashInvstGrp/EOYAmt088028
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02376
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017096
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019472
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0336099
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0336099
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06665
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038145
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt042165
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt080310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt218522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt315395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Income
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Trailer Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Com Stock Open Bal Equity
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Rounding
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0234310
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN WKI
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt040521
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06665
IRS990ScheduleD/TotalBookValueSecuritiesAmt0234310
IRS990ScheduleD/TotalLiabilityAmt033383
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOME TRUSTEES OWN BUSINESSES THAT OTHER TRUSTEES AND THE ORGANIZATION DO TRANSACT BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP IS DIVIDED INTO TEN DISTRICTS THROUGHOUT THE UNITED STATES AND CANADA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERSHIP VOTE ON TRUSTEES TO REPRESENT THE DIFFERENT DISTRICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY CHANGES TO BYLAWS REQUIRE A VOTE FROM THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT AND TREASURER PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5POSTED PERIODICALLY IN MAGAZINE AND ON WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0WORLD KARTING ASSOCIATION INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0230431010
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PUBLISHING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WORLD KARTING INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt06051 VICTORY LANE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CONCORD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd028027
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt027297
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Half of office admin wages
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0World Karting Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0o
IRS990/SchoolOperatingInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0511358
IRS990/TotalAssetsEOYAmt0485619
IRS990/TotalAssetsGrp/BOYAmt0511358
IRS990/TotalAssetsGrp/EOYAmt0485619
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt056642
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0305285
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01042828

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$485,619
Liabilities
$85,496
Net assets
$400,123
Revenue
$1,255,123
Expenses
$1,348,113
Net income
-$92,990
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.24$0.29$1.35$1.35$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.25$0.30$1.63$1.64$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.26$0.31$1.55$1.53$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.26$0.29$1.53$1.54$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.20$0.30$1.04$1.15$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.09$0.40$1.26$1.35$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.02$0.49$1.26$1.31$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.09$0.54$1.23$1.29$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.05$0.61$1.25$1.15$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.06$0.50$1.35$1.30$0.05