Civic Intelligence

Renesting Project Inc.

990 • Fiscal year 2016 • EIN 45-3958008

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 20, 2017

1303 Driftwood DriveBossier City, LA 71111

(318) 747-5520

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

39th percentile

-0.5%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

90th percentile

$42,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.3% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

40th percentile

-2.4%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$63,456

Down $1,544 (-2.4%) from 2015

Net Assets

Down

$59,900

Down $1,289 (-2.1%) from 2015

Liabilities

Down

$3,556

Down $255 (-6.7%) from 2015

Revenue

Down

$242,891

Down $37,734 (-13%) from 2015

Expenses

Down

$244,180

Down $31,506 (-11%) from 2015

Net Income

Down

-$1,289

Down $6,228 (-126%) from 2015

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2012: $70,862Liabilities 2012: $2,086Net Assets 2012: $68,7762012Assets 2013: $44,405Liabilities 2013: $3,253Net Assets 2013: $41,1522013Assets 2014: $60,024Liabilities 2014: $3,774Net Assets 2014: $56,2502014Assets 2015: $65,000Liabilities 2015: $3,811Net Assets 2015: $61,1892015Assets 2016: $63,456Liabilities 2016: $3,556Net Assets 2016: $59,9002016Assets 2017: $117,692Liabilities 2017: $7,060Net Assets 2017: $110,6322017Assets 2018: $109,372Liabilities 2018: $6,176Net Assets 2018: $103,1962018Assets 2019: $108,583Liabilities 2019: $1,420Net Assets 2019: $107,1632019Assets 2020: $92,364Liabilities 2020: $2,660Net Assets 2020: $89,7042020Assets 2021: $150,281Liabilities 2021: $3,374Net Assets 2021: $146,9072021Assets 2022: $118,413Liabilities 2022: $1,270Net Assets 2022: $117,1432022Assets 2023: $138,899Liabilities 2023: $4,729Net Assets 2023: $134,1702023Assets 2024: $101,636Liabilities 2024: $2,427Net Assets 2024: $99,2092024

Highlighted filing

2016

Assets$63,456
Liabilities$3,556
Net Assets$59,900

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $129,479Expenses 2012: $61,481Net Income 2012: $67,9982012Revenue 2013: $127,133Expenses 2013: $154,757Net Income 2013: -$27,6242013Revenue 2014: $249,901Expenses 2014: $235,167Net Income 2014: $14,7342014Revenue 2015: $280,625Expenses 2015: $275,686Net Income 2015: $4,9392015Revenue 2016: $242,891Expenses 2016: $244,180Net Income 2016: -$1,2892016Revenue 2017: $295,021Expenses 2017: $244,290Net Income 2017: $50,7312017Revenue 2018: $265,538Expenses 2018: $272,975Net Income 2018: -$7,4372018Revenue 2019: $278,409Expenses 2019: $274,441Net Income 2019: $3,9682019Revenue 2020: $205,909Expenses 2020: $223,368Net Income 2020: -$17,4592020Revenue 2021: $323,934Expenses 2021: $266,731Net Income 2021: $57,2032021Revenue 2022: $289,485Expenses 2022: $319,249Net Income 2022: -$29,7642022Revenue 2023: $322,151Expenses 2023: $305,124Net Income 2023: $17,0272023Revenue 2024: $245,147Expenses 2024: $280,108Net Income 2024: -$34,9612024

Highlighted filing

2016

Revenue$242,891
Expenses$244,180
Net Income-$1,289
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 20, 2017
Return Version
2016v3.0
Gross Receipts
$268,442
Mission and Program Overview

Mission

To promote awareness of the needs of those transitioning from homelessness. To gather reclaimed furniture and household goods from the community. To recruit volunteers to facilitate renesting. To engage in renesting (providing) reclaimed furniture and household goods to those transitioning from homelessness or at risk of becoming homeless.

To reclaim (gather) gently used furniture and household goods from the community. To renew (clean/repair) the furniture. To renest (deliver) the furniture and household goods to those transitioning from homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,504$62,326▼ $1,178
Land, Buildings, and Equipment, Net$1,496$1,130▼ $366
Total Assets$65,000$63,456▼ $1,544
Liabilities
Accounts Payable and Accrued Expenses$1,868$2,130▲ $262
Other Liabilities$1,943$1,426▼ $517
Total Liabilities$3,811$3,556▼ $255
Net Assets / Fund Balance
Unrestricted Net Assets$61,189$59,900▼ $1,289
Total Net Assets Fund Balance$61,189$59,900▼ $1,289
Total Liabilities and Net Assets / Fund Balance$65,000$63,456▼ $1,544

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,130$702$1,832
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Noel B HaackerExecutive DirectorFT$42,000$42,000

Board Members and Trustees

NameTitle
Denise WoodChairman
Jena HoganVice Chairman
Cindy CarsonDirector
Jason HollandDirector
John StoreyDirector
Kamesha WestDirector
Susan StaffordDirector
Titus WashingtonDirector
Kathy BouckSecretary
Ken BeattyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$252,954
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-10,063
All Other Contributions
$187,329
Change in Net Assets
$-1,289

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$94,214Fair Market Value (FMV)
Other Non Cash Contri Table262$65,625Fair Market Value (FMV)
Total Noncash Contributions262$159,839-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$101,313
Other Expenses$78,037
Salaries, Compensation, and Employee Benefits$64,830
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$101,313--$101,313
Occupancy$45,955--$45,955
Current Officers, Directors, Trustees, and Key Employees$42,000--$42,000
Other Salaries and Wages$16,606--$16,606
Fees for Services Accounting$5,873$975-$6,848
Payroll Taxes$4,484--$4,484
Insurance$2,770$675-$3,445
All Other Expenses$2,489$578-$3,067
Other Expenses$2,071$139-$2,071
Other Employee Benefits$1,740--$1,740
Fees for Services Other$1,019--$1,019
Information Technology-$376-$376
Depreciation Depletion-$366-$366
Conferences and Meetings$321--$321
Advertising$120--$120
Total Functional Expenses$241,071$3,109$0$244,180
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,082
Fundraising Gross Income$9,694
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$75,319$9,694$8,601$1,093
Total Events$75,319$9,694$25,082$-15,388
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liability$1,426
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 organization does not provide a copy of form 990 to its board of directors prior to filing, although all directors have access to form 990 should they request it. Form 990 is reviewed by the executive director and treasurer prior to filing.

Form 990, Part VI, Section C, Line 18

Form 990 available on guidestar and upon request.

Form 990, Part VI, Section C, Line 19

The organization provides its organizing documents, forms 1023 and 990 to any persons who request access to such documents. During the year, no such requests were mande.

Filing and Contact Details

Filer

Filer Name
Renesting Project Inc
EIN
45-3958008
Phone
3187475520
Address
1303 DRIFTWOOD DRIVE, BOSSIER CITY, LA 71111

Signing Officer

Name
Noel B Haacker
Title
Executive Director
Phone
3187475520
Signed
2017-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Noel B Haacker
Formed
2010
Legal Domicile
La
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
374

Preparer

Firm
James K Mcclelland CPA LLC
Address
8585 BUSINESS PARK DRIVE, SHREVEPORT, LA 71105
Preparer
James K Mcclelland CPA
Phone
3182195020
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IRS990/PYSalariesCompEmpBnftPaidAmt055828
IRS990/PYTotalExpensesAmt0275686
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0280625
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1289
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05325
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0252954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0300778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0250463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt091404
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0129479
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01025078
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt048773
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01025078
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0252954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0300778
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0250463
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt091404
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0129479
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01025078
IRS990ScheduleA/TotalSupportAmt01025078
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01130
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0702
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01130
IRS990ScheduleD/TotalLiabilityAmt01426
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt065625
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt065625
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt025082
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt09910
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt09910
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt075319
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt075319
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt09694
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt09694
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15388
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01628
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01628
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08601
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08601
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04943
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt04943
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FURNITURE AND NECESSARY NON-CASH ASSISTANCE IN FURNISHING HOMES FOR INDIVIDUALS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0101313
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0FURNITURE AND HOUSEHOLD GOODS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0146
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt094214
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0262
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AUCTION ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt065625
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT PROVIDE A COPY OF FORM 990 TO ITS BOARD OF DIRECTORS PRIOR TO FILING, ALTHOUGH ALL DIRECTORS HAVE ACCESS TO FORM 990 SHOULD THEY REQUEST IT. FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 AVAILABLE ON GUIDESTAR AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES ITS ORGANIZING DOCUMENTS, FORMS 1023 AND 990 TO ANY PERSONS WHO REQUEST ACCESS TO SUCH DOCUMENTS. DURING THE YEAR, NO SUCH REQUESTS WERE MANDE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt065000
IRS990/TotalAssetsEOYAmt063456
IRS990/TotalAssetsGrp/BOYAmt065000
IRS990/TotalAssetsGrp/EOYAmt063456
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0252954
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03109
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0241071
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244180
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03811
IRS990/TotalLiabilitiesEOYAmt03556
IRS990/TotalLiabilitiesGrp/BOYAmt03811
IRS990/TotalLiabilitiesGrp/EOYAmt03556
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt061189
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt059900
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0241071
IRS990/TotalReportableCompFromOrgAmt042000
IRS990/TotalRevenueGrp/ExclusionAmt0-15388
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05325
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242891
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0374
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt065000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt063456
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt061189
IRS990/UnrestrictedNetAssetsGrp/EOYAmt059900
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0587 NORTHPARK CT
IRS990/USAddress/CityNm0BOSSIER CITY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.02$0.99$2.45$2.80$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.05$1.34$3.22$3.05$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.01$1.17$2.89$3.19$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.03$1.47$3.24$2.67$0.57
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.03$0.90$2.06$2.23$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.01$1.07$2.78$2.74$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.06$1.03$2.66$2.73$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.07$1.11$2.95$2.44$0.51
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.04$0.60$2.43$2.44$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.04$0.61$2.81$2.76$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.04$0.56$2.50$2.35$0.15
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.03$0.41$1.27$1.55$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.02$0.69$1.29$0.61$0.68