Civic Intelligence

Wichita County Economic Development Inc.

990 • Fiscal year 2018 • EIN 48-1185193

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 29, 2019

PO Box 345Leoti, KS 67861

(620) 375-2182

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

25th percentile

-6.7%

Higher net margin than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

44th percentile

-0.4%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

34%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,210,624

Down $4,318 (-0.4%) from 2017

Net Assets

Down

$1,210,103

Down $4,409 (-0.4%) from 2017

Liabilities

Up

$521

Up $91 (+21%) from 2017

Revenue

Up

$65,911

Up $16,768 (+34%) from 2017

Expenses

Up

$70,320

Up $14,681 (+26%) from 2017

Net Income

Up

-$4,409

Up $2,087 (+32%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,235,141Liabilities 2011: $9,500Net Assets 2011: $1,225,6412011Assets 2012: $1,283,061Liabilities 2012: $0Net Assets 2012: $1,283,0612012Assets 2013: $1,250,310Liabilities 2013: $0Net Assets 2013: $1,250,3102013Assets 2014: $1,278,054Liabilities 2014: $0Net Assets 2014: $1,278,0542014Assets 2015: $1,257,273Liabilities 2015: $0Net Assets 2015: $1,257,2732015Assets 2016: $1,221,475Liabilities 2016: $467Net Assets 2016: $1,221,0082016Assets 2017: $1,214,942Liabilities 2017: $430Net Assets 2017: $1,214,5122017Assets 2018: $1,210,624Liabilities 2018: $521Net Assets 2018: $1,210,1032018Assets 2019: $1,278,017Liabilities 2019: $2,795Net Assets 2019: $1,275,2222019Assets 2020: $1,604,066Liabilities 2020: $3,568Net Assets 2020: $1,600,4982020Assets 2021: $1,452,362Liabilities 2021: $4,734Net Assets 2021: $1,447,6282021Assets 2022: $1,291,187Liabilities 2022: $5,880Net Assets 2022: $1,285,3072022Assets 2023: $1,271,421Liabilities 2023: $2,113Net Assets 2023: $1,269,3082023Assets 2024: $1,226,524Liabilities 2024: $2,108Net Assets 2024: $1,224,4162024

Highlighted filing

2018

Assets$1,210,624
Liabilities$521
Net Assets$1,210,103

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $100,890Expenses 2011: $110,015Net Income 2011: -$9,1252011Expenses 2012: $132,7842012Revenue 2013: $45,465Expenses 2013: $60,187Net Income 2013: -$14,7222013Revenue 2014: $87,421Expenses 2014: $59,677Net Income 2014: $27,7442014Revenue 2015: $32,853Expenses 2015: $53,634Net Income 2015: -$20,7812015Revenue 2016: $287,171Expenses 2016: $323,436Net Income 2016: -$36,2652016Revenue 2017: $49,143Expenses 2017: $55,639Net Income 2017: -$6,4962017Revenue 2018: $65,911Expenses 2018: $70,320Net Income 2018: -$4,4092018Revenue 2019: $212,161Expenses 2019: $147,042Net Income 2019: $65,1192019Revenue 2020: $546,149Expenses 2020: $220,873Net Income 2020: $325,2762020Revenue 2021: $301,303Expenses 2021: $454,173Net Income 2021: -$152,8702021Revenue 2022: $336,975Expenses 2022: $499,296Net Income 2022: -$162,3212022Revenue 2023: $285,113Expenses 2023: $301,112Net Income 2023: -$15,9992023Revenue 2024: $147,978Expenses 2024: $192,870Net Income 2024: -$44,8922024

Highlighted filing

2018

Revenue$65,911
Expenses$70,320
Net Income-$4,409
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 29, 2019
Return Version
2018v3.1
Gross Receipts
$65,911
Mission and Program Overview

Mission

To improve the quality of life for residents of wichita county, ks through community and economic development activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,214,512$1,210,103▼ $4,409
Savings and Temporary Cash Investments$591,179$561,584▼ $29,595
Other Notes and Loans Receivable, Net$295,745$318,125▲ $22,380
Land, Buildings, and Equipment, Net$323,739$311,103▼ $12,636
Cash and Non-Interest-Bearing Accounts$4,279$19,812▲ $15,533
Total Assets$1,214,942$1,210,624▼ $4,318
Liabilities
Accounts Payable and Accrued Expenses$430$521▲ $91
Total Liabilities$430$521▲ $91
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,214,512$1,210,103▼ $4,409
Total Liabilities and Net Assets / Fund Balance$1,214,942$1,210,624▼ $4,318

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$301,225$280,746$581,971
Land$9,878-$9,878
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leslie NiswongerPresident
Galilea CastilloDirector
Gary CampasDirector
Isabell CardenasDirector
Jason KoehnDirector
Kelma BurchDirector
Lilaanne JohnsonDirector
Maria MedinaDirector
Robyn TokoiDirector
Tammy SimonsDirector
Xochilt LopezDirector
Andrea BarrerasSecretary
Vic CaseTreasurer
Rene R MoraVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$22,082
Program Service Revenue
$31,192
Investment Income
$12,637
Other Revenue
$0
All Other Contributions
$287
Change in Net Assets
$-4,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,320
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$14,765--$14,765
Depreciation Depletion$12,636--$12,636
Other Expenses$5,000$21,485-$5,000
Office Expenses-$1,291-$1,291
Occupancy$652--$652
Total Functional Expenses$47,544$22,776$0$70,320
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 6

All residents of wichita county, ks are members of the organization.

Form 990, Page 6, Part VI, Line 7A

Members are invited to attend the organization's annual meeting and can vote for at-large members to the board of directors.

Form 990, Page 6, Part VI, Line 11B

Board members receive copies of the form 990 and it is reviewed at a board meeting prior to submittal.

Form 990, Page 6, Part VI, Line 12C

Board members are required to disclose any conflict of interest when a conflict of interest arises and abstain from discussions and voting.

Form 990, Page 6, Part VI, Line 19

Copies of governing documents and form 990 are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wichita County Economic Development
EIN
48-1185193
Phone
6203752182
Address
PO BOX 345, LEOTI, KS 67861

Signing Officer

Name
Robyn Tokoi
Title
Director
Phone
6203752182
Signed
2019-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robyn Tokoi
Formed
1996
Legal Domicile
Ks
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
50

Preparer

Firm
James V Myers CPA
Address
113 W GREELEY, TRIBUNE, KS 67879
Preparer
James V Myers
Phone
6203764140
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Rental property ins 3,379 0 0 rental property utilities 2,668 0 0 rental property maint 2,372 0 0 miscellaneous 1,682 0 0 business promotion exp 1,521 0 0 gpd payments 1,307 0 0 contributions 1,060 0 0 dues & subscriptions 515 0 0 telephone 175 0 0 postage 41 0 0 bank service charges 30 0 0 training 15 0 0 total 14,765 0 0

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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/BOYAmt0591179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0561584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt022082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0246339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt062869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0343586
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt010000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012637
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014336
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09603
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt062706
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt083948
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84940
IRS990ScheduleA/PublicSupportPY170Pct00.86640
IRS990ScheduleA/PublicSupportTotal170Amt0353586
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt022082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt09024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0246339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08272
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt067869
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0353586
IRS990ScheduleA/TotalSupportAmt0416292
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt09878
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09878
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0301225
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0280746
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0581971
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0311103
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL RESIDENTS OF WICHITA COUNTY, KS ARE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE INVITED TO ATTEND THE ORGANIZATION'S ANNUAL MEETING AND CAN VOTE FOR AT-LARGE MEMBERS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS RECEIVE COPIES OF THE FORM 990 AND IT IS REVIEWED AT A BOARD MEETING PRIOR TO SUBMITTAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST WHEN A CONFLICT OF INTEREST ARISES AND ABSTAIN FROM DISCUSSIONS AND VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF GOVERNING DOCUMENTS AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RENTAL PROPERTY INS 3,379 0 0 RENTAL PROPERTY UTILITIES 2,668 0 0 RENTAL PROPERTY MAINT 2,372 0 0 MISCELLANEOUS 1,682 0 0 BUSINESS PROMOTION EXP 1,521 0 0 GPD PAYMENTS 1,307 0 0 CONTRIBUTIONS 1,060 0 0 DUES & SUBSCRIPTIONS 515 0 0 TELEPHONE 175 0 0 POSTAGE 41 0 0 BANK SERVICE CHARGES 30 0 0 TRAINING 15 0 0 TOTAL 14,765 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01214942
IRS990/TotalAssetsEOYAmt01210624
IRS990/TotalAssetsGrp/BOYAmt01214942
IRS990/TotalAssetsGrp/EOYAmt01210624
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt022082
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022776
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt047544
IRS990/TotalFunctionalExpensesGrp/TotalAmt070320
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0430
IRS990/TotalLiabilitiesEOYAmt0521
IRS990/TotalLiabilitiesGrp/BOYAmt0430
IRS990/TotalLiabilitiesGrp/EOYAmt0521
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01214512
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01210103
IRS990/TotalProgramServiceExpensesAmt047544
IRS990/TotalProgramServiceRevenueAmt031192
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043829
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065911
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01214942
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01210624
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0904 BROADWAY PLAZA
IRS990/USAddress/AddressLine2Txt0904 BROADWAY PLAZA
IRS990/USAddress/CityNm0LEOTI
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd067861
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.WICHITACOUNTY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBYN TOKOI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06203752182
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WICHITA COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0WICH
ReturnHeader/Filer/EIN0481185193
ReturnHeader/Filer/PhoneNum06203752182
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 345
ReturnHeader/Filer/USAddress/CityNm0LEOTI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd067861
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0777904B1F2740DA74B2972A9D64E37A2F5643AF1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0777904B1F2740DA74B2972A9D64E37A2F5643AF1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.50.41.80
ReturnHeader/FilingSecurityInformation/IPDt02019-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:18:35
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943422571
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES V MYERS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0113 W GREELEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TRIBUNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd067879
ReturnHeader/PreparerPersonGrp/PhoneNum06203764140
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES V MYERS
ReturnHeader/ReturnTs02019-05-11T10:18:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.22$0.15$0.19$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.00$1.27$0.29$0.30$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.01$1.29$0.34$0.50$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.00$1.45$0.30$0.45$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.00$1.60$0.55$0.22$0.33
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.00$1.28$0.21$0.15$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.07$0.07$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.00$1.21$0.05$0.06$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.00$1.22$0.29$0.32$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.03$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.09$0.06$0.03
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.00$1.25$0.05$0.06$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.00$1.28$0.13
2011Summary only. Only limited summary data is available for this year.$1.24$0.01$1.23$0.10$0.11$0.01