Civic Intelligence

Esther Hutmacher Parriott Scholarship Farm Trust

990 • Fiscal year 2015 • EIN 36-3450044

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 15, 2015

27 Sstate Ave Suite 101Freeport, IL 61032

(815) 599-1408

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

9.8%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

50th percentile

0.7%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,901,977

Up $13,872 (+0.7%) from 2014

Net Assets

Up

$1,899,977

Up $13,872 (+0.7%) from 2014

Liabilities

Flat

$2,000

Flat from 2014

Revenue

Down

$140,968

Down $26,614 (-16%) from 2014

Expenses

Up

$127,095

Up $37,464 (+42%) from 2014

Net Income

Down

$13,873

Down $64,078 (-82%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,699,617Liabilities 2011: $1,500Net Assets 2011: $1,698,1172011Assets 2012: $1,744,238Liabilities 2012: $2,000Net Assets 2012: $1,742,2382012Assets 2014: $1,888,105Liabilities 2014: $2,000Net Assets 2014: $1,886,1052014Assets 2015: $1,901,977Liabilities 2015: $2,000Net Assets 2015: $1,899,9772015Assets 2016: $1,929,531Liabilities 2016: $2,000Net Assets 2016: $1,927,5312016Assets 2017: $1,899,680Liabilities 2017: $2,000Net Assets 2017: $1,897,6802017Assets 2018: $1,833,140Liabilities 2018: $2,000Net Assets 2018: $1,831,1402018Assets 2019: $1,823,826Liabilities 2019: $2,000Net Assets 2019: $1,821,8262019Assets 2020: $1,798,011Liabilities 2020: $2,000Net Assets 2020: $1,796,0112020Assets 2021: $1,826,750Liabilities 2021: $2,000Net Assets 2021: $1,824,7502021Assets 2022: $1,823,911Liabilities 2022: $2,000Net Assets 2022: $1,821,9112022Assets 2023: $1,880,853Liabilities 2023: $2,000Net Assets 2023: $1,878,8532023Assets 2024: $1,949,020Liabilities 2024: $2,000Net Assets 2024: $1,947,0202024Assets 2025: $2,089,747Liabilities 2025: $2,000Net Assets 2025: $2,087,7472025

Highlighted filing

2015

Assets$1,901,977
Liabilities$2,000
Net Assets$1,899,977

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $86,5682011Expenses 2012: $86,3812012Revenue 2014: $167,582Expenses 2014: $89,631Net Income 2014: $77,9512014Revenue 2015: $140,968Expenses 2015: $127,095Net Income 2015: $13,8732015Revenue 2016: $166,897Expenses 2016: $139,343Net Income 2016: $27,5542016Revenue 2017: $142,949Expenses 2017: $172,800Net Income 2017: -$29,8512017Revenue 2018: $106,345Expenses 2018: $172,885Net Income 2018: -$66,5402018Revenue 2019: $163,371Expenses 2019: $172,685Net Income 2019: -$9,3142019Revenue 2020: $144,763Expenses 2020: $170,578Net Income 2020: -$25,8152020Revenue 2021: $161,025Expenses 2021: $132,286Net Income 2021: $28,7392021Revenue 2022: $145,379Expenses 2022: $148,218Net Income 2022: -$2,8392022Revenue 2023: $184,692Expenses 2023: $127,750Net Income 2023: $56,9422023Revenue 2024: $176,167Expenses 2024: $108,000Net Income 2024: $68,1672024Revenue 2025: $249,477Expenses 2025: $108,750Net Income 2025: $140,7272025

Highlighted filing

2015

Revenue$140,968
Expenses$127,095
Net Income$13,873
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 15, 2015
Return Version
2014v5.0
Gross Receipts
$1,043,135
Mission and Program Overview

Mission

The esther hutmacher parriott scholarship farm trust's mission and most significant activity is to provide college scholarships for students in stephenson county, illinois who come from farm families and choose to further their education by selecting degrees in an agricultural - related field of study.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,019,009$1,062,187▲ $43,178
Land, Buildings, and Equipment, Net$649,832$642,923▼ $6,909
Cash and Non-Interest-Bearing Accounts$192,485$153,148▼ $39,337
Savings and Temporary Cash Investments$26,779$43,719▲ $16,940
Total Assets$1,888,105$1,901,977▲ $13,872
Liabilities
Other Liabilities$2,000$2,000→ $0
Total Liabilities$2,000$2,000→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,708,728$1,729,001▲ $20,273
Unrestricted Net Assets$177,377$170,976▼ $6,401
Total Net Assets Fund Balance$1,886,105$1,899,977▲ $13,872
Total Liabilities and Net Assets / Fund Balance$1,888,105$1,901,977▲ $13,872

Asset Categories

AssetBook ValueDepreciationBasis
Land$600,017-$600,017
Compensation and Service Providers

Board Members and Trustees

NameTitle
Aaron MercierTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$38,534
Other Revenue
$102,434
Change in Net Assets
$13,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$113,000
Other Expenses$14,095
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$113,000--$113,000
Other Expenses-$569-$569
Total Functional Expenses$113,000$14,095$0$127,095
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Payable$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

The governing documents of the trust are made available to anyone upon either verbal or written request.

Filing and Contact Details

Filer

Filer Name
Esther Hutmacher Parriott
EIN
36-3450044
Phone
8155991408
Address
27 SSTATE AVE SUITE 101, FREEPORT, IL 61032

Signing Officer

Name
Aaron Mercier
Title
Officer
Phone
8155991408
Signed
2015-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
AARON MERCIER REG'L SUPERINTENDENT
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Beggin Tipp Lamm LLC
Address
524 W STEPHENSON ST STE 200, FREEPORT, IL 61032
Preparer
Richard Lamm
Phone
8152359610
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The esther hutmacher parriott scholarship farm trust's mission and most significant activity is to provide college scholarships for students in stephenson county, illinois who come from farm families and choose to further their education by selecting degrees in an agricultural - related field of study.

Form 990, Page 2, Part III, Line 4D

The exempt purpose is to provide qualified students college scholarships if they meet the requirements set forth by the trust. The amount presented here indicates that multiple students have met these requirements.

Form 990, Part XI, Line 9

Book / tax depreciation difference -1

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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd27true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd28true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd29true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd30true
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt90
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt110
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt120
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt150
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt160
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt180
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt190
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt250
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt280
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt290
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt300
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03750
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt12500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt22500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt38250
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt410000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt51250
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt65000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt76250
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt82500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt917500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt102500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt113750
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt122500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt132500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt142500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt152500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt162500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt172500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt183750
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt192500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt202500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt212500
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt232500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt242500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt252500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt262500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt272500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt282500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt291000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt302500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BRIGHAM YOUNG UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1COASTAL CAROLINA UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2ELMHURST COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3HIGHLAND COMMUNITY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4IOWA STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5MILLIKIN UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6OLIVET NAZARENE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt7UNIVERSITY OF ILLINOIS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt8UNIVERSITY OF IOWA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt9UNIV OF WI - PLATTEVILLE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt10UNIV OF WI - STEVENS POINT
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt11WESTERN ILLINOIS UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt12LORAS COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt13UNION UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt14AURORA UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt15CLARKE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt16JUDSON UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt17UNIVERSITY OF DUBUQUE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt18ILLINOIS WESLEYAN
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt19MIDDLE GEORGIA STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt20NORTHWESTERN COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt21ROCK VALLEY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt22ROCKFORD UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt23SOUTH DAKOTA STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt24UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt25CARDINAL STRITCH UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt26GOSHEN COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt27MANCHESTER UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt28SOUTHERN ILLINOIS UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt29COLUMBIA COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt30UNIVERSITY OF ILLINOIS - CHICAGO
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0BRIGHAM YOUNG UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt1COASTAL CAROLINA UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt2ELMHURST COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt3HIGHLAND COMMUNITY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt4IOWA STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt5MILLIKIN UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt6OLIVET NAZARENE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt7UNIVERSITY OF ILLINOIS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt8UNIVERSITY OF IOWA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt9UNIV OF WI - PLATTEVILLE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt10UNIV OF WI - STEVENS POINT
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt11WESTERN ILLINOIS UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt12LORAS COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt13UNION UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt14AURORA UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt15CLARKE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt16JUDSON UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt17UNIVERSITY OF DUBUQUE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt18ILLINOIS WESLEYAN
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt19MIDDLE GEORGIA STATE UNIV
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt20NORTHWESTERN UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt21ROCK VALLEY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt22ROCKFORD UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt23SOUTH DAKOTA STATE UNIV
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt24UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt25CARDINAL STRITCH UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt26GOSHEN COLLEGE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.00$2.09$0.25$0.11$0.14
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.00$1.95$0.18$0.11$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.00$1.88$0.18$0.13$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.00$1.82$0.15$0.15$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.00$1.82$0.16$0.13$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.00$1.80$0.14$0.17$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.00$1.82$0.16$0.17$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.00$1.83$0.11$0.17$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.00$1.90$0.14$0.17$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.17$0.14$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.14$0.13$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.17$0.09$0.08
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.00$1.74$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.00$1.70$0.09