Civic Intelligence

Kansas Foundation for Excellence in Education

990 • Fiscal year 2016 • EIN 48-1074433

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 12, 2016

900 SW Jackson St No 102Topeka, KS 66612-1212

(785) 296-6338

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

54th percentile

3.0%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-2.3%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$641,101

Up $18,611 (+3.0%) from 2015

Net Assets

Up

$641,101

Up $18,611 (+3.0%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$95,175

Down $2,206 (-2.3%) from 2015

Expenses

Up

$76,564

Up $160 (+0.2%) from 2015

Net Income

Down

$18,611

Down $2,366 (-11%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $572,392Liabilities 2011: $0Net Assets 2011: $572,3922011Assets 2012: $585,289Liabilities 2012: $0Net Assets 2012: $585,2892012Assets 2013: $589,418Liabilities 2013: $0Net Assets 2013: $589,4182013Assets 2014: $601,513Liabilities 2014: $0Net Assets 2014: $601,5132014Assets 2015: $622,490Liabilities 2015: $0Net Assets 2015: $622,4902015Assets 2016: $641,101Liabilities 2016: $0Net Assets 2016: $641,1012016Assets 2017: $650,680Liabilities 2017: $0Net Assets 2017: $650,6802017Assets 2018: $684,079Liabilities 2018: $0Net Assets 2018: $684,0792018Assets 2019: $720,039Liabilities 2019: $0Net Assets 2019: $720,0392019Assets 2020: $742,236Liabilities 2020: $0Net Assets 2020: $742,2362020Assets 2021: $836,368Liabilities 2021: $0Net Assets 2021: $836,3682021Assets 2022: $880,916Liabilities 2022: $0Net Assets 2022: $880,9162022Assets 2023: $855,219Liabilities 2023: $0Net Assets 2023: $855,2192023Assets 2024: $853,949Liabilities 2024: $0Net Assets 2024: $853,9492024Assets 2025: $883,227Liabilities 2025: $0Net Assets 2025: $883,2272025

Highlighted filing

2016

Assets$641,101
Liabilities$0
Net Assets$641,101

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $58,0082011Expenses 2012: $57,8082012Expenses 2013: $63,5492013Revenue 2014: $76,722Expenses 2014: $64,627Net Income 2014: $12,0952014Revenue 2015: $97,381Expenses 2015: $76,404Net Income 2015: $20,9772015Revenue 2016: $95,175Expenses 2016: $76,564Net Income 2016: $18,6112016Revenue 2017: $86,210Expenses 2017: $76,631Net Income 2017: $9,5792017Revenue 2018: $101,930Expenses 2018: $68,531Net Income 2018: $33,3992018Revenue 2019: $114,285Expenses 2019: $78,325Net Income 2019: $35,9602019Revenue 2020: $94,728Expenses 2020: $72,531Net Income 2020: $22,1972020Revenue 2021: $132,036Expenses 2021: $37,904Net Income 2021: $94,1322021Revenue 2022: $114,200Expenses 2022: $69,652Net Income 2022: $44,5482022Revenue 2023: $65,269Expenses 2023: $90,966Net Income 2023: -$25,6972023Revenue 2024: $76,682Expenses 2024: $77,952Net Income 2024: -$1,2702024Revenue 2025: $112,458Expenses 2025: $83,180Net Income 2025: $29,2782025

Highlighted filing

2016

Revenue$95,175
Expenses$76,564
Net Income$18,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 12, 2016
Return Version
2015v2.1
Gross Receipts
$146,259
Mission and Program Overview

Mission

The primary purpose of the Foundation is to provide financial support for charitable and educational purposes by making distributions and grants to elementary, secondary and post secondary students, teachers, professors, administrators and educators.

The primary purpose of the Foundation is to provide finanical support for charitable and educational purposes by making distributions and grants to elementary, secondary and post secondary students, teachers, professors, administrators and educators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$534,737$551,059▲ $16,322
Savings and Temporary Cash Investments$61,720$63,019▲ $1,299
Cash and Non-Interest-Bearing Accounts$26,033$27,023▲ $990
Total Assets$622,490$641,101▲ $18,611
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$535,047$552,365▲ $17,318
Unrestricted Net Assets$87,443$88,736▲ $1,293
Total Net Assets Fund Balance$622,490$641,101▲ $18,611
Total Liabilities and Net Assets / Fund Balance$622,490$641,101▲ $18,611

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$535,047-▲ $17,318-$552,365
2014$515,817-▲ $19,230-$535,047
2013$504,218-▲ $11,599-$515,817
2012$503,261-▲ $957-$504,218
2011$500,388-▲ $2,873-$503,261
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nancy Kassebaum-BakerHonorary Chairwoman
Jenifer PurvisPresident
Jacque McKibbinVice President
Carol StricklandDirector
David A LindstromDirector
Deena HorstDirector
Dr Randall D WatsonDirector
Gary A SchlappeDirector
Jeanne HofererDirector
Ken OgdenDirector
Lisa StubbsDirector
Susan M RippeDirector
Jeanne CohorstSecretary
Pete MaxonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,650
Program Service Revenue
$10,421
Investment Income
$30,104
Other Revenue
$0
All Other Contributions
$54,650
Change in Net Assets
$18,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$95,175
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$95,175
Total Revenue per Form 990
$95,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,564
Grants and Similar Amounts Paid$28,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$20,000--$20,000
Travel$15,621--$15,621
Grants to Domestic Orgs$8,000--$8,000
Fees for Services Accounting-$1,850-$1,850
Other Expenses$582--$582
All Other Expenses$451$105-$556
Total Functional Expenses$74,609$1,955$0$76,564

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$76,564
Total Expenses per Audited Statements$76,564
Total Expenses per Form 990$76,564
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kansas State Department of EducationTopeka, KS-To provide Horizon Grant Awards to 32 individuals. The award program recognizes outstanding first-year teachers in elementary and secondary classrooms. The mission of the program is to recognize exemplary first-year teachers who perform in a way that distinguishes them as outstanding.$8,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Part VI, Section B, line 11

Reviewed by the Treasurer.

Form 990, Part VI, Section C, line 19

The Organization provides its governing documents and financial statements to the public if asked.

Filing and Contact Details

Filer

Filer Name
Kansas Foundation For
EIN
48-1074433
Phone
7852966338
Address
900 SW Jackson St No 102, Topeka, KS 66612-1212

Signing Officer

Name
Pete Maxon
Title
Treasurer
Phone
7856084222
Signed
2016-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pete Maxon
Formed
1989
Legal Domicile
Ks
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Wendling Noe Nelson & Johnson LLC
Address
534 S Kansas Ave Suite 1500, Topeka, KS 66603-3491
Preparer
Heather R Eichem
Phone
7852334226
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

To be held in perpetuity with the interest and dividends to be used for the general operations of the Foundation.

Part X, Line 2:

Management is not aware of any uncertain tax positions.

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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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IRS990/SavingsAndTempCashInvstGrp/EOYAmt063019
IRS990ScheduleA/FactsAndCircumstancesTestTxt0The primary purpose of the Kansas Foundation for Excellence in Education is to host an annual banquet which honors an outstanding teacher for the year, as selected by a group of volunteers under the Kansas State Board of Education. Even though the Foundation has limited its activities to the field of education, the contributions it has received over the last five years, to help defray the costs of the annual banquet, have increased.The Foundation has a governing body which represents the broad interests of the public and is comprised of persons who have special knowledge or expertise in education, as well as community and civic leaders. All of the board members of the Organization are unpaid volunteers.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt054650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt043350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt043125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt042125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0235450
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012786
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014530
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt013167
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016727
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt071726
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt048541
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.26980
IRS990ScheduleA/PublicSupportPY170Pct00.25800
IRS990ScheduleA/PublicSupportTotal170Amt082882
IRS990ScheduleA/SubstantialContributorsTotAmt0152568
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt052200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt043350
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt043125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt042125
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0235450
IRS990ScheduleA/TotalSupportAmt0307176
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/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0535047
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0552365
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt017318
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0515817
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0535047
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019230
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0504218
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0515817
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011599
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0503261
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0504218
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0957
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0500388
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0503261
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02873
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt076564
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt095175
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To be held in perpetuity with the interest and dividends to be used for the general operations of the Foundation.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Management is not aware of any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt076564
IRS990ScheduleD/TotalRevenuePerForm990Amt095175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt095175
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt076564
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt016000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt14000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Kansas Teacher of the Year Finalist
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Kansas Teacher of the Year
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/RecipientTable/CashGrantAmt08000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To provide Horizon Grant Awards to 32 individuals. The award program recognizes outstanding first-year teachers in elementary and secondary classrooms. The mission of the program is to recognize exemplary first-year teachers who perform in a way that distinguishes them as outstanding.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Kansas State Department of Education
IRS990ScheduleI/RecipientTable/RecipientEIN0481124839
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0900 SW Jackson Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Topeka
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd066612
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Selection Committees, which are sponsored by the Kansas State Board of Education, have the responsibilty to review and recommend, for the Board approval, all grants to be made to persons who meet the requirements set forth in the Foundation's By-laws.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization provides its governing documents and financial statements to the public if asked.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0622490
IRS990/TotalAssetsEOYAmt0641101
IRS990/TotalAssetsGrp/BOYAmt0622490
IRS990/TotalAssetsGrp/EOYAmt0641101
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt054650
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt074609
IRS990/TotalFunctionalExpensesGrp/TotalAmt076564
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0622490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0641101
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt074609
IRS990/TotalProgramServiceRevenueAmt010421
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt030104
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010421
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095175
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$0.00$8.83$1.12$0.83$0.29
2024Detailed filing. Detailed filing data is available for this year.$8.54$0.00$8.54$0.77$0.78$0.01
2023Detailed filing. Detailed filing data is available for this year.$8.55$0.00$8.55$0.65$0.91$0.26
2022Detailed filing. Detailed filing data is available for this year.$8.81$0.00$8.81$1.14$0.70$0.45
2021Detailed filing. Detailed filing data is available for this year.$8.36$0.00$8.36$1.32$0.38$0.94
2020Detailed filing. Detailed filing data is available for this year.$7.42$0.00$7.42$0.95$0.73$0.22
2019Detailed filing. Detailed filing data is available for this year.$7.20$0.00$7.20$1.14$0.78$0.36
2018Detailed filing. Detailed filing data is available for this year.$6.84$0.00$6.84$1.02$0.69$0.33
2017Detailed filing. Detailed filing data is available for this year.$6.51$0.00$6.51$0.86$0.77$0.10
2016Detailed filing. Detailed filing data is available for this year.$6.41$0.00$6.41$0.95$0.77$0.19
2015Detailed filing. Detailed filing data is available for this year.$6.22$0.00$6.22$0.97$0.76$0.21
2014Detailed filing. Detailed filing data is available for this year.$6.02$0.00$6.02$0.77$0.65$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.89$0.00$5.89$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$0.00$5.85$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$0.00$5.72$0.58