Civic Intelligence

Institute of Certified Kansas Appraisers Incorporated

990EZ • Fiscal year 2016 • EIN 48-1141973

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 28, 2017

Organization Profilewww.kscaa.net
PO Box 988Meade, KS 67864

(620) 873-7449

Siviq Scores

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

Liabilities / Assets

96th percentile

0.86x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

1.89x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

31st percentile

-4.5%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

40th percentile

-2.0%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-8.0%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$332,218

Down $6,810 (-2.0%) from 2015

Net Assets

Down

$46,582

Down $6,746 (-13%) from 2015

Liabilities

Down

$285,636

Down $64 (-0.0%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin31st percentile

Revenue

Down

$151,057

Down $13,113 (-8.0%) from 2015

Expenses

Up

$157,803

Up $12,565 (+8.7%) from 2015

Net Income

Down

-$6,746

Down $25,678 (-136%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$400K$300K$200K$100K$0-$100KAssets 2010: $160,831Liabilities 2010: $76,950Net Assets 2010: $83,8812010Assets 2011: $187,998Liabilities 2011: $104,589Net Assets 2011: $83,4092011Assets 2012: $215,992Liabilities 2012: $130,414Net Assets 2012: $85,5782012Assets 2013: $206,804Liabilities 2013: $192,636Net Assets 2013: $14,1682013Assets 2014: $250,747Liabilities 2014: $216,351Net Assets 2014: $34,3962014Assets 2015: $339,028Liabilities 2015: $285,700Net Assets 2015: $53,3282015Assets 2016: $332,218Liabilities 2016: $285,636Net Assets 2016: $46,5822016Assets 2017: $268,560Liabilities 2017: $277,098Net Assets 2017: -$8,5382017Assets 2018: $267,271Net Assets 2018: $267,2712018Assets 2019: $269,220Liabilities 2019: $0Net Assets 2019: $269,2202019Assets 2020: $231,929Liabilities 2020: $0Net Assets 2020: $231,9292020Assets 2021: $299,522Liabilities 2021: $0Net Assets 2021: $299,5222021Assets 2022: $280,654Liabilities 2022: $0Net Assets 2022: $280,6542022Assets 2023: $264,308Liabilities 2023: $0Net Assets 2023: $264,3082023Assets 2024: $367,961Liabilities 2024: $0Net Assets 2024: $367,9612024

Highlighted filing

2016

Assets$332,218
Liabilities$285,636
Net Assets$46,582
Open 2016 Filing

Operations Trend

Revenue Growth31st percentile

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

$400K$200K$0-$200KRevenue 2010: $158,151Expenses 2010: $154,794Net Income 2010: $3,3572010Revenue 2011: $137,900Expenses 2011: $138,372Net Income 2011: -$4722011Revenue 2012: $196,668Expenses 2012: $194,499Net Income 2012: $2,1692012Revenue 2013: $189,252Expenses 2013: $260,662Net Income 2013: -$71,4102013Revenue 2014: $175,355Expenses 2014: $155,127Net Income 2014: $20,2282014Revenue 2015: $164,170Expenses 2015: $145,238Net Income 2015: $18,9322015Revenue 2016: $151,057Expenses 2016: $157,803Net Income 2016: -$6,7462016Revenue 2017: $186,928Expenses 2017: $242,048Net Income 2017: -$55,1202017Revenue 2018: $131,129Expenses 2018: $132,418Net Income 2018: -$1,2892018Revenue 2019: $178,291Expenses 2019: $176,342Net Income 2019: $1,9492019Revenue 2020: $129,536Expenses 2020: $175,909Net Income 2020: -$46,3732020Revenue 2021: $189,853Expenses 2021: $213,949Net Income 2021: -$24,0962021Revenue 2022: $265,178Expenses 2022: $284,347Net Income 2022: -$19,1692022Revenue 2023: $246,260Expenses 2023: $262,606Net Income 2023: -$16,3462023Revenue 2024: $378,268Expenses 2024: $274,615Net Income 2024: $103,6532024

Highlighted filing

2016

Revenue$151,057
Expenses$157,803
Net Income-$6,746
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 28, 2017
Return Version
2016v3.0
Gross Receipts
$151,057
Mission and Program Overview

Mission

Education

Program Services

DescriptionGrantsExpenses
EDUCATION WORKSHOPS & CONTINUING PROFESSIONAL EDUCATION FOR CERTIFICATION REQUIREMENTS. SERVICING 105 COUNTY APPRAISERS & THEIR STAFF AS WELL AS OTHER INTERESTED INDIVIDUALS. NEWSLETTER DISTRIBUTION TO APPRX. 300 MEMBERS--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE BORCHARDPresidentPT$0--
CRAIG CLOUGHPast-President-$0--
LISA REETreasurer, Vice-President-$0--
BARB ESFELDPresident-Elect-$0--
Filing and Contact Details

Filer

Filer Name
Kansas County Appraisers Association
EIN
48-1141973
Phone
6208737449
Address
PO Box 988, Meade, KS 67864

Signing Officer

Name
Cindy Brenner
Title
Secretary
Phone
6208737449
Signed
2017-03-28

Preparer

Firm
Batman and Brenner LLC
Address
138 W Carthage PO Box 669, Meade, KS 67864
Preparer
Michele Batman
Phone
6208732022
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Legislative Reception 1807.”

Form 990EZ, Part I, Line 16

“KAC Dues & Meeting 2580.”

Form 990EZ, Part I, Line 16

“RMA & Non PVD Classes 53261.”

Form 990EZ, Part I, Line 16

“IAAO meetings 190.”

Form 990EZ, Part I, Line 16

“Symposium 30531.”

Form 990EZ, Part I, Line 16

“Memorials and Benefits 55.”

Form 990EZ, Part I, Line 16

“TELEPHONE 1358.”

Form 990EZ, Part I, Line 16

“Education Credit 2625.”

Form 990EZ, Part I, Line 16

“KREAB 380.”

Form 990EZ, Part I, Line 16

“COMPUTER HARDWARE 316.”

Form 990EZ, Part I, Line 16

“Depreciation 0.”

Form 990EZ, Part I, Line 16

“NCRAAO EXPENSES 4093.”

Form 990EZ, Part I, Line 16

“COMPUTER SOFTWARE 1978.”

Form 990EZ, Part I, Line 16

“Secretary of state fee 840.”

Form 990EZ, Part I, Line 16

“MEETING OTHER 335.”

Form 990EZ, Part I, Line 16

“INSURANCE 100.”

Form 990EZ, Part I, Line 16

“ORION 13383.”

Form 990EZ, Part II, Line 26

“Orion Fund 285700. 285636.”

Form 990, Part IX, Line 24E

“Special Projects”

Form 990, Part IX, Line 24E

“Appraiser/Education”

Form 990, Part IX, Line 24E

“Bank Fees”

Raw XML Appendix152 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/BooksInCareOfDetail/PersonNm0CINDY BRENNER
IRS990EZ/BooksInCareOfDetail/PhoneNum06208737449
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 988
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Meade
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KS
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd067864
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0339028
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0332218
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6746
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt037501
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0339028
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0332218
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0151057
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0700
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt014650
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt053328
IRS990EZ/NetAssetsOrFundBalancesEOYAmt046582
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt053328
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt046582
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt33.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MIKE BORCHARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CRAIG CLOUGH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LISA REE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BARB ESFELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Past-President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer, Vice-President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3President-Elect
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0113832
IRS990EZ/PrimaryExemptPurposeTxt0Education
IRS990EZ/PrintingPublicationsPostageAmt06470
IRS990EZ/ProgramServiceRevenueAmt0135707
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATION WORKSHOPS & CONTINUING PROFESSIONAL EDUCATION FOR CERTIFICATION REQUIREMENTS. SERVICING 105 COUNTY APPRAISERS & THEIR STAFF AS WELL AS OTHER INTERESTED INDIVIDUALS. NEWSLETTER DISTRIBUTION TO APPRX. 300 MEMBERS
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KS
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0285700
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0285636
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0157803
IRS990EZ/TotalRevenueAmt0151057
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://www.kscaa.net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Legislative Reception 1807.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KAC Dues & Meeting 2580.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RMA & Non PVD Classes 53261.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IAAO meetings 190.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Symposium 30531.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Memorials and Benefits 55.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TELEPHONE 1358.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Education Credit 2625.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8KREAB 380.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9COMPUTER HARDWARE 316.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Depreciation 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11NCRAAO EXPENSES 4093.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12COMPUTER SOFTWARE 1978.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SECRETARY OF STATE FEE 840.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14MEETING OTHER 335.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15INSURANCE 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ORION 13383.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Orion Fund 285700. 285636.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Special Projects
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Appraiser/Education
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Bank Fees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
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 I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CINDY BRENNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06208737449
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Kansas County Appraisers Association
ReturnHeader/Filer/BusinessNameControlTxt0KANS
ReturnHeader/Filer/EIN0481141973
ReturnHeader/Filer/PhoneNum06208737449
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 988
ReturnHeader/Filer/USAddress/CityNm0Meade
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd067864
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D92AC3398D37055A20AB251AD231C011774F666E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0282F9D38F3B8E3F83460FEA53E39A46516DC82D6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.220.131.92
ReturnHeader/FilingSecurityInformation/IPDt02017-04-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm014:47:00
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Batman and Brenner LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0138 W Carthage PO Box 669
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Meade
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd067864
ReturnHeader/PreparerPersonGrp/PhoneNum06208732022
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELE BATMAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-04-11T14:47:07-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$332,218
Liabilities
$285,636
Net assets
$46,582
Revenue
$151,057
Expenses
$157,803
Net income
-$6,746
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.68$0.00$3.68$3.78$2.75$1.04
2023Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$2.46$2.63$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$2.65$2.84$0.19
2021Detailed filing. Detailed filing data is available for this year.$3.00$0.00$3.00$1.90$2.14$0.24
2020Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$1.30$1.76$0.46
2019Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$1.78$1.76$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.67$2.67$1.31$1.32$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.69$2.77$0.09$1.87$2.42$0.55
2016Detailed filing. Detailed filing data is available for this year.$3.32$2.86$0.47$1.51$1.58$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.39$2.86$0.53$1.64$1.45$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.51$2.16$0.34$1.75$1.55$0.20
2013Detailed filing. Detailed filing data is available for this year.$2.07$1.93$0.14$1.89$2.61$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$1.30$0.86$1.97$1.94$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$1.05$0.83$1.38$1.38$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.77$0.84$1.58$1.55$0.03