Civic Intelligence

The Apprentice Training Fund for Local 1 of the Iabsoiw

990 • Fiscal year 2024 • EIN 36-2405186

Aug 01, 2023 to Jul 31, 2024 • Filed on Mar 04, 2025

7740 Industrial DriveForest Park, IL 60130

(708) 366-8181

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

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

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Net Margin

73rd percentile

18%

Higher net margin than 73% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$211,426

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Asset Growth

40th percentile

3.2%

Faster asset growth than 40% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

3.0%

Faster revenue growth than 37% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,117,240

Up $125,851 (+3.2%) from 2023

Net Assets

Up

$4,096,438

Up $196,663 (+5.0%) from 2023

Liabilities

Down

$20,802

Down $70,812 (-77%) from 2023

Revenue

Up

$1,089,141

Up $32,180 (+3.0%) from 2023

Expenses

Down

$892,478

Down $62,359 (-6.5%) from 2023

Net Income

Up

$196,663

Up $94,539 (+93%) from 2023

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 2010: $3,019,386Liabilities 2010: $102,144Net Assets 2010: $2,917,2422010Assets 2011: $2,844,852Liabilities 2011: $106,169Net Assets 2011: $2,738,6832011Assets 2012: $2,631,617Liabilities 2012: $72,145Net Assets 2012: $2,559,4722012Assets 2013: $2,490,301Liabilities 2013: $66,966Net Assets 2013: $2,423,3352013Assets 2014: $2,704,406Liabilities 2014: $68,764Net Assets 2014: $2,635,6422014Assets 2015: $2,942,123Liabilities 2015: $112,750Net Assets 2015: $2,829,3732015Assets 2016: $2,987,940Liabilities 2016: $56,658Net Assets 2016: $2,931,2822016Assets 2017: $3,135,966Liabilities 2017: $70,077Net Assets 2017: $3,065,8892017Assets 2018: $3,252,929Liabilities 2018: $74,191Net Assets 2018: $3,178,7382018Assets 2019: $3,394,532Liabilities 2019: $78,243Net Assets 2019: $3,316,2892019Assets 2020: $3,530,033Liabilities 2020: $61,813Net Assets 2020: $3,468,2202020Assets 2021: $3,757,234Liabilities 2021: $70,269Net Assets 2021: $3,686,9652021Assets 2022: $3,879,134Liabilities 2022: $81,483Net Assets 2022: $3,797,6512022Assets 2023: $3,991,389Liabilities 2023: $91,614Net Assets 2023: $3,899,7752023Assets 2024: $4,117,240Liabilities 2024: $20,802Net Assets 2024: $4,096,4382024

Highlighted filing

2024

Assets$4,117,240
Liabilities$20,802
Net Assets$4,096,438

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $861,0462010Expenses 2011: $735,8812011Expenses 2012: $823,1152012Expenses 2013: $793,9152013Revenue 2014: $878,071Expenses 2014: $665,764Net Income 2014: $212,3072014Revenue 2015: $946,004Expenses 2015: $752,273Net Income 2015: $193,7312015Revenue 2016: $1,002,499Expenses 2016: $886,983Net Income 2016: $115,5162016Revenue 2017: $1,093,256Expenses 2017: $958,649Net Income 2017: $134,6072017Revenue 2018: $987,753Expenses 2018: $874,904Net Income 2018: $112,8492018Revenue 2019: $1,055,817Expenses 2019: $918,266Net Income 2019: $137,5512019Revenue 2020: $967,140Expenses 2020: $815,209Net Income 2020: $151,9312020Revenue 2021: $1,067,294Expenses 2021: $848,549Net Income 2021: $218,7452021Revenue 2022: $976,118Expenses 2022: $865,432Net Income 2022: $110,6862022Revenue 2023: $1,056,961Expenses 2023: $954,837Net Income 2023: $102,1242023Revenue 2024: $1,089,141Expenses 2024: $892,478Net Income 2024: $196,6632024

Highlighted filing

2024

Revenue$1,089,141
Expenses$892,478
Net Income$196,663
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Mar 4, 2025
Return Version
2023v6.0
Gross Receipts
$1,089,141
Mission and Program Overview

Mission

Training apprentice ironworkers to become productive workers in a fast paced workforce.

Training apprentice ironworkers

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,415,000$2,415,000→ $0
Land, Buildings, and Equipment, Net$953,295$948,866▼ $4,429
Cash and Non-Interest-Bearing Accounts$527,647$637,321▲ $109,674
Accounts Receivable$78,119$96,075▲ $17,956
Prepaid Expenses and Deferred Charges$17,328$19,978▲ $2,650
Total Assets$3,991,389$4,117,240▲ $125,851
Liabilities
Accounts Payable and Accrued Expenses$91,614$20,802▼ $70,812
Total Liabilities$91,614$20,802▼ $70,812
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,899,775$4,096,438▲ $196,663
Total Net Assets Fund Balance$3,899,775$4,096,438▲ $196,663
Total Liabilities and Net Assets / Fund Balance$3,991,389$4,117,240▲ $125,851

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$556,142$2,160,637$2,716,779
Other Land Buildings$216,226$556,464$772,690
Land$176,498-$176,498
Equipment$0$106,355$106,355
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert BassCoordinatorFT$211,426$211,426

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$939,859
Investment Income
$53,544
Other Revenue
$95,738
Change in Net Assets
$196,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,089,141
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,089,141
Total Revenue per Form 990
$1,089,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$551,005
Other Expenses$341,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$211,426
Other Salaries and Wages---$189,273
Pension Plan Contributions---$118,016
Other Expenses---$109,110
Depreciation Depletion---$106,804
Office Expenses---$57,687
Payroll Taxes---$32,290
Occupancy---$23,927
Insurance---$23,445
Fees for Services Legal---$14,500
Fees for Services Accounting---$6,000
Total Functional Expenses$0$0$0$892,478

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$892,478
Total Expenses per Audited Statements$892,478
Total Expenses per Form 990$892,478
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board members are given a copy of the form 990 prior to filing.

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

The board approves all compensation adjustments not covered by union agreements.

Form 990, Part VI, Section C, Line 19

The governing documents are provided upon written request for the same period of disclosure as set forth in irc section 6104(d).

Filing and Contact Details

Filer

Filer Name
The Apprentice Training Fund for Local 1
EIN
36-2405186
Phone
7083668181
Address
7740 INDUSTRIAL DRIVE, FOREST PARK, IL 60130

Signing Officer

Name
Robert Bass
Title
Apprentice Coordinator
Phone
7083668181
Signed
2025-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Bass
Formed
1953
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
10
Volunteers
6

Preparer

Firm
Sassetti LLC
Address
2107 SWIFT DRIVE SUITE 210, OAK BROOK, IL 60523
Preparer
Timothy G Griffith
Phone
7083861433
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The trust follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the trust may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Example positions include the tax-exempt status of the trust, and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses derecognition, classification, interest and penalties on income taxes, and accounting in interim periods. It is the policy of the trust to include in administrative expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in administrative expenses for the year ended july 31, 2024.

Raw XML Appendix355 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE TRUST MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLE POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE TRUST, AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. IT IS THE POLICY OF THE TRUST TO INCLUDE IN ADMINISTRATIVE EXPENSES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES. THERE ARE NO PENALTIES OR INTEREST FROM TAXING AUTHORITIES INCLUDED IN ADMINISTRATIVE EXPENSES FOR THE YEAR ENDED JULY 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0948866
IRS990ScheduleD/TotalExpensesPerForm990Amt0892478
IRS990ScheduleD/TotalRevenuePerForm990Amt01089141
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01089141
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0892478
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT BASS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COORDINATOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0211426
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS ARE GIVEN A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD APPROVES ALL COMPENSATION ADJUSTMENTS NOT COVERED BY UNION AGREEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE PROVIDED UPON WRITTEN REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03991389
IRS990/TotalAssetsEOYAmt04117240
IRS990/TotalAssetsGrp/BOYAmt03991389
IRS990/TotalAssetsGrp/EOYAmt04117240
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0892478
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt091614
IRS990/TotalLiabilitiesEOYAmt020802
IRS990/TotalLiabilitiesGrp/BOYAmt091614
IRS990/TotalLiabilitiesGrp/EOYAmt020802
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03899775
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04096438
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0511157
IRS990/TotalProgramServiceRevenueAmt0939859
IRS990/TotalReportableCompFromOrgAmt0211426
IRS990/TotalRevenueGrp/ExclusionAmt053544
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01035597
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01089141
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03991389
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04117240
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07740 INDUSTRIAL DRIVE
IRS990/USAddress/CityNm0FOREST PARK
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060130
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.IWLOCAL1.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT BASS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0APPRENTICE COORDINATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07083668181
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE APPRENTICE TRAINING FUND FOR LOCAL 1
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF THE IABSOIW
ReturnHeader/Filer/BusinessNameControlTxt0APPR
ReturnHeader/Filer/EIN0362405186
ReturnHeader/Filer/PhoneNum07083668181
ReturnHeader/Filer/USAddress/AddressLine1Txt07740 INDUSTRIAL DRIVE
ReturnHeader/Filer/USAddress/CityNm0FOREST PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060130
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362239746
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SASSETTI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02107 SWIFT DRIVE SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAK BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060523
ReturnHeader/PreparerPersonGrp/PhoneNum07083861433
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY G GRIFFITH
ReturnHeader/ReturnTs02025-03-05T13:40:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.12$0.02$4.10$1.09$0.89$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.99$0.09$3.90$1.06$0.95$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.88$0.08$3.80$0.98$0.87$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.76$0.07$3.69$1.07$0.85$0.22
2020Detailed filing. Detailed filing data is available for this year.$3.53$0.06$3.47$0.97$0.82$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.39$0.08$3.32$1.06$0.92$0.14
2018Detailed filing. Detailed filing data is available for this year.$3.25$0.07$3.18$0.99$0.87$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.14$0.07$3.07$1.09$0.96$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.99$0.06$2.93$1.00$0.89$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.94$0.11$2.83$0.95$0.75$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.70$0.07$2.64$0.88$0.67$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.07$2.42$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.07$2.56$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$0.11$2.74$0.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.10$2.92$0.86