Civic Intelligence

American Legion Post 0322 Lionel Boudreau

990EZ • Fiscal year 2020 • EIN 41-0662006

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

PO Box 56Currie, MN 56123-0056

(507) 763-3831

Siviq Scores

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

Liabilities / Assets

85th percentile

0.16x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)19 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.16x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)19 • <$500k nonprofits • Source year 2020

Net Margin

54th percentile

-1.0%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)19 • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

2020 filings • 501(c)19 • <$500k nonprofits • Source year 2020

Asset Growth

80th percentile

8.9%

Faster asset growth than 80% of similar nonprofits.

2020 filings • 501(c)19 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-22%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)19 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$72,592

Up $5,930 (+8.9%) from 2019

Net Assets

$61,107

No earlier filing loaded for comparison.

Liabilities

Up

$11,485

Up $6,660 (+138%) from 2019

Revenue

Down

$73,604

Down $21,286 (-22%) from 2019

Expenses

Up

$74,334

Up $11,677 (+19%) from 2019

Net Income

Down

-$730

Down $32,963 (-102%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $30,684Liabilities 2011: $1,3612011Assets 2012: $30,330Liabilities 2012: $1,8122012Assets 2013: $31,791Liabilities 2013: $4932013Assets 2014: $31,453Liabilities 2014: $3,8602014Assets 2015: $27,672Liabilities 2015: $2,0202015Assets 2016: $25,076Liabilities 2016: $1,3242016Assets 2017: $29,255Liabilities 2017: $1,1642017Assets 2018: $43,100Liabilities 2018: $13,4962018Assets 2019: $66,662Liabilities 2019: $4,8252019Assets 2020: $72,592Liabilities 2020: $11,485Net Assets 2020: $61,1072020Assets 2021: $90,721Liabilities 2021: $7,441Net Assets 2021: $83,2802021Assets 2022: $100,078Liabilities 2022: $8,632Net Assets 2022: $91,4462022Assets 2023: $91,183Liabilities 2023: $10,025Net Assets 2023: $81,1582023Assets 2024: $87,038Liabilities 2024: $5,280Net Assets 2024: $81,7582024

Highlighted filing

2020

Assets$72,592
Liabilities$11,485
Net Assets$61,107

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $42,646Expenses 2011: $46,496Net Income 2011: -$3,8502011Revenue 2012: $49,172Expenses 2012: $50,032Net Income 2012: -$8602012Revenue 2013: $52,658Expenses 2013: $49,878Net Income 2013: $2,7802013Revenue 2014: $49,945Expenses 2014: $53,650Net Income 2014: -$3,7052014Revenue 2015: $51,615Expenses 2015: $53,556Net Income 2015: -$1,9412015Revenue 2016: $50,569Expenses 2016: $52,469Net Income 2016: -$1,9002016Revenue 2017: $56,937Expenses 2017: $52,598Net Income 2017: $4,3392017Revenue 2018: $61,892Expenses 2018: $60,379Net Income 2018: $1,5132018Revenue 2019: $94,890Expenses 2019: $62,657Net Income 2019: $32,2332019Revenue 2020: $73,604Expenses 2020: $74,334Net Income 2020: -$7302020Revenue 2021: $102,558Expenses 2021: $80,385Net Income 2021: $22,1732021Revenue 2022: $84,401Expenses 2022: $76,235Net Income 2022: $8,1662022Revenue 2023: $1,150Expenses 2023: $11,438Net Income 2023: -$10,2882023Revenue 2024: $5,889Expenses 2024: $5,289Net Income 2024: $6002024

Highlighted filing

2020

Revenue$73,604
Expenses$74,334
Net Income-$730
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$104,516
Mission and Program Overview

Mission

Promote social welfare & perpetuate memory of veterans

Program Services

DescriptionGrantsExpenses
Maintaining a veterans memorial and meeting hall.Payment of dues to National Organization.-$4,614
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rich LuftCommander-$0--
Howard KorFirst Vice Commander/Acting Adjutant-$0--
Tom NoerenbergFinancial Officer-$0--
Mike GalvinSgt At Arms-$0--
Arnold KrusemarkChaplin-$0--
Filing and Contact Details

Filer

Filer Name
American Legion Post 0322 Lionel Boudreau
EIN
41-0662006
Phone
5077633831
Address
PO BOX 56, CURRIE, MN 56123-0056

Signing Officer

Name
Tom Noerenberg
Title
Financial Officer
Phone
5077633831
Signed
2021-05-10
Discuss with paid preparer
Yes

Preparer

Firm
Jacobson & Bergerson PLLP
Address
2330 26th Street, Slayton, MN 56172
Preparer
Kimberly S Eisfeld
Phone
5078368564
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

Currie T&C monthly rent 11637.

Form 990EZ, Part I, Line 16

Office Supplies 354.

Form 990EZ, Part I, Line 16

Phone and Cable 2699.

Form 990EZ, Part I, Line 16

Licenses 237.

Form 990EZ, Part I, Line 16

Advertising 0.

Form 990EZ, Part I, Line 16

Credit Card Fees 965.

Form 990EZ, Part I, Line 16

Interest Expense 126.

Form 990EZ, Part I, Line 16

Donations 950.

Form 990EZ, Part I, Line 16

Miscellaneous 214.

Form 990EZ, Part I, Line 16

Depreciation 532.

Form 990EZ, Part I, Line 16

UBIT Taxes 2457.

Form 990EZ, Part I, Line 16

Supplies 312.

Form 990EZ, Part II, Line 24

Inventory 8192. 8164.

Form 990EZ, Part II, Line 24

Other Receivable 1300. 0.

Form 990EZ, Part II, Line 26

Accounts Payable 796. 645.

Form 990EZ, Part II, Line 26

Sales Tax Payable 707. 0.

Form 990EZ, Part II, Line 26

Accrued Wages Payable 1469. 1685.

Form 990EZ, Part II, Line 26

Payroll Taxes 1853. 2598.

Form 990EZ, Part II, Line 26

PPP Loan 0. 6557.

Raw XML Appendix171 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/BenefitsPaidToOrForMembersAmt01758
IRS990EZ/BooksInCareOfDetail/PersonNm0TOM NOERENBERG
IRS990EZ/BooksInCareOfDetail/PhoneNum05077633831
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 56
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CURRIE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056123
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt045492
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt050299
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt024071
IRS990EZ/CostOfGoodsSoldAmt028871
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-730
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt066662
IRS990EZ/Form990TotalAssetsGrp/EOYAmt072592
IRS990EZ/FundraisingGrossIncomeAmt03714
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt033902
IRS990EZ/GrossReceiptsAmt0104516
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/GrossSalesOfInventoryAmt062773
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0211
IRS990EZ/LandAndBuildingsGrp/BOYAmt011678
IRS990EZ/LandAndBuildingsGrp/EOYAmt014129
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt02110
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt061837
IRS990EZ/NetAssetsOrFundBalancesEOYAmt061107
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt061837
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt061107
IRS990EZ/OccupancyRentUtltsAndMaintAmt033121
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Rich Luft
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Howard Kor
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Tom Noerenberg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Mike Galvin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Arnold Krusemark
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Commander
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1First Vice Commander/Acting Adjutant
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Financial Officer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Sgt at Arms
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Chaplin
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0true
IRS990EZ/OrganizationHadUBIInd0true
IRS990EZ/OtherAssetsTotalDetail/BOYAmt09492
IRS990EZ/OtherAssetsTotalDetail/EOYAmt08164
IRS990EZ/OtherExpensesTotalAmt08846
IRS990EZ/OtherRevenueTotalAmt011637
IRS990EZ/PrimaryExemptPurposeTxt0Promote social welfare & perpetuate memory of veterans
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Maintaining a veterans memorial and meeting hall.Payment of dues to National Organization.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt04614
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt030609
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt02041
IRS990EZ/SpecialEventsNetIncomeLossAmt01673
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt04825
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt011485
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt074334
IRS990EZ/TotalProgramServiceExpensesAmt04614
IRS990EZ/TotalRevenueAmt073604
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Currie T&C monthly rent 11637.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Supplies 354.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Phone and Cable 2699.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Licenses 237.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Advertising 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Credit Card Fees 965.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Interest Expense 126.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Donations 950.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Miscellaneous 214.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Depreciation 532.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10UBIT Taxes 2457.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Supplies 312.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Inventory 8192. 8164.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Other Receivable 1300. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Accounts Payable 796. 645.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Sales Tax Payable 707. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Accrued Wages Payable 1469. 1685.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Payroll Taxes 1853. 2598.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18PPP Loan 0. 6557.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM NOERENBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05077633831
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN LEGION POST 0322 LIONEL BOUDREAU
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0410662006
ReturnHeader/Filer/PhoneNum05077633831
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 56
ReturnHeader/Filer/USAddress/CityNm0CURRIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0561230056
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jacobson & Bergerson PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02330 26th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Slayton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056172
ReturnHeader/PreparerPersonGrp/PhoneNum05078368564
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kimberly S Eisfeld
ReturnHeader/ReturnTs02021-10-26T11:25:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TOM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NOERENBERG
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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.$0.87$0.05$0.82$0.06$0.05$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.10$0.81$0.01$0.11$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.09$0.91$0.84$0.76$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.07$0.83$1.03$0.80$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.11$0.61$0.74$0.74$0.01
2019Summary only. Only limited summary data is available for this year.$0.67$0.05$0.95$0.63$0.32
2018Summary only. Only limited summary data is available for this year.$0.43$0.13$0.62$0.60$0.02
2017Summary only. Only limited summary data is available for this year.$0.29$0.01$0.57$0.53$0.04
2016Summary only. Only limited summary data is available for this year.$0.25$0.01$0.51$0.52$0.02
2015Summary only. Only limited summary data is available for this year.$0.28$0.02$0.52$0.54$0.02
2014Summary only. Only limited summary data is available for this year.$0.31$0.04$0.50$0.54$0.04
2013Summary only. Only limited summary data is available for this year.$0.32$0.00$0.53$0.50$0.03
2012Summary only. Only limited summary data is available for this year.$0.30$0.02$0.49$0.50$0.01
2011Summary only. Only limited summary data is available for this year.$0.31$0.01$0.43$0.46$0.04