Civic Intelligence

West Virginia Breeders Classics Ltd

990 • Fiscal year 2017 • EIN 52-1515506

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 15, 2017

PO Box 1251Charles Town, WV 25414

(304) 725-0709

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.00x

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

7th percentile

-20%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$86,391

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

25%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$694,317

Down $94,885 (-12%) from 2016

Net Assets

Down

$694,317

Down $94,701 (-12%) from 2016

Liabilities

Down

$0

Down $184 (-100%) from 2016

Revenue

Up

$492,713

Up $97,918 (+25%) from 2016

Expenses

Up

$590,734

Up $84,590 (+17%) from 2016

Net Income

Up

-$98,021

Up $13,328 (+12%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $990,253Liabilities 2011: $0Net Assets 2011: $990,2532011Assets 2012: $894,360Liabilities 2012: $0Net Assets 2012: $894,3602012Assets 2013: $953,578Liabilities 2013: $0Net Assets 2013: $953,5782013Assets 2014: $932,459Liabilities 2014: $0Net Assets 2014: $932,4592014Assets 2015: $900,606Liabilities 2015: $239Net Assets 2015: $900,3672015Assets 2016: $789,202Liabilities 2016: $184Net Assets 2016: $789,0182016Assets 2017: $694,317Liabilities 2017: $0Net Assets 2017: $694,3172017Assets 2018: $665,571Liabilities 2018: $2,370Net Assets 2018: $663,2012018Assets 2019: $655,916Liabilities 2019: $2,276Net Assets 2019: $653,6402019Assets 2020: $754,255Liabilities 2020: $2,493Net Assets 2020: $751,7622020Assets 2021: $778,415Liabilities 2021: $630Net Assets 2021: $777,7852021Assets 2022: $947,293Liabilities 2022: $602Net Assets 2022: $946,6912022Assets 2023: $995,887Liabilities 2023: $566Net Assets 2023: $995,3212023Assets 2024: $1,033,110Liabilities 2024: $564Net Assets 2024: $1,032,5462024Assets 2025: $1,065,255Liabilities 2025: $564Net Assets 2025: $1,064,6912025

Highlighted filing

2017

Assets$694,317
Liabilities$0
Net Assets$694,317

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $650,480Expenses 2011: $521,629Net Income 2011: $128,8512011Revenue 2012: $487,222Expenses 2012: $583,115Net Income 2012: -$95,8932012Expenses 2013: $550,3082013Revenue 2014: $496,880Expenses 2014: $517,999Net Income 2014: -$21,1192014Revenue 2015: $500,150Expenses 2015: $532,242Net Income 2015: -$32,0922015Revenue 2016: $394,795Expenses 2016: $506,144Net Income 2016: -$111,3492016Revenue 2017: $492,713Expenses 2017: $590,734Net Income 2017: -$98,0212017Revenue 2018: $346,536Expenses 2018: $380,353Net Income 2018: -$33,8172018Revenue 2019: $360,984Expenses 2019: $376,341Net Income 2019: -$15,3572019Revenue 2020: $482,087Expenses 2020: $388,693Net Income 2020: $93,3942020Revenue 2021: $341,709Expenses 2021: $318,937Net Income 2021: $22,7722021Revenue 2022: $526,498Expenses 2022: $357,592Net Income 2022: $168,9062022Revenue 2023: $414,592Expenses 2023: $365,962Net Income 2023: $48,6302023Revenue 2024: $430,238Expenses 2024: $393,013Net Income 2024: $37,2252024Revenue 2025: $420,676Expenses 2025: $388,531Net Income 2025: $32,1452025

Highlighted filing

2017

Revenue$492,713
Expenses$590,734
Net Income-$98,021
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 15, 2017
Return Version
2016v3.0
Gross Receipts
$492,713
Mission and Program Overview

Mission

The west virginia breeders classic, ltd. Is a trade association that promotes west virginia thoroughbred breeding and racing, and is highlighted by an annual racing event and other promotional events.

To promote west virginia thoroughbred breeding and racing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$789,018$694,317▼ $94,701
Savings and Temporary Cash Investments$637,060$671,586▲ $34,526
Cash and Non-Interest-Bearing Accounts$147,541$18,665▼ $128,876
Land, Buildings, and Equipment, Net$2,874$2,656▼ $218
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$789,202$694,317▼ $94,885
Other Assets Total$1,727$1,410▼ $317
Liabilities
Accounts Payable and Accrued Expenses$184--
Total Liabilities$184$0▼ $184
Net Assets / Fund Balance
Total Net Assets Fund Balance$789,018$694,317▼ $94,701
Total Liabilities and Net Assets / Fund Balance$789,202$694,317▼ $94,885

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,592$14,668$16,260
Equipment$1,064$7,813$8,877
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol a HoldenPresidentFT$79,659$6,732$86,391
Sam HuffChairman Emertius-$10,385$6,102$16,487
William H ChesleyTreasurerPT$150-$150
Doug AllaraDirector-$150-$150
Edward DockeneyDirector-$150-$150
Erich ZimnySecretary-$150-$150
Jerry OlsenDirector-$150-$150
John MckeeDirector-$150-$150
Roger RameyVice PresidentPT$100-$100
Charlie McintoshDirector-$100-$100
Ken LoweFormer Director-$100-$100
Lenny HaleDirector-$100-$100
Mary ViaDirector-$100-$100
Richard MooreDirector-$100-$100
CYNTHIA O'BANNONDirector-$50-$50
Randy FunkhouserDirector-$50-$50

Board Members and Trustees

NameTitle
Debbie McclureDirector
Dominick FargoDirector
James MillerDirector
Paul Espinosa JrDirector
Scott SaundersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$489,623
Investment Income
$3,090
Other Revenue
$0
Change in Net Assets
$-98,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$378,881
Salaries, Compensation, and Employee Benefits$177,218
Grants and Similar Amounts Paid$34,635
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$151,088
Current Officers, Directors, Trustees, and Key Employees---$104,478
Other Salaries and Wages---$58,790
Grants to Domestic Orgs---$34,635
Occupancy---$14,510
Payroll Taxes---$11,963
Fees for Services Lobbying---$10,610
Fees for Services Legal---$9,043
Fees for Services Accounting---$8,554
Office Expenses---$7,489
Insurance---$3,725
Other Expenses---$2,678
Other Employee Benefits---$1,987
Depreciation Depletion---$955
Travel---$224
Total Functional Expenses$0$0$0$590,734
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Thoroughbred Retirement Foundation IncSaratoga Springs, NY501(c)(3)General Support$25,000
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 A, Line 6

Membership fees paid by foal and stallion owners entitle horse owners to participate in races sponsored by the west virginia breeders classics. Also, a register of west virginia bred foals and stallions is maintained.

Form 990, Part VI, Section B, Line 11B

Books and records are kept by independent bookeeper. Tax return is prepared by independent accountant and is reviewed by board before filing.

Form 990, Part VI, Section C, Line 19

The documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
West Virginia Breeders Classics Ltd
EIN
52-1515506
Phone
3047250709
Address
PO BOX 1251, CHARLES TOWN, WV 25414

Signing Officer

Name
Carol Holden
Title
President
Phone
3047250709
Signed
2017-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Holden
Formed
1987
Legal Domicile
Wv
Voting Board Members
20
Independent Board Members
18
Employees
4
Volunteers
3

Preparer

Firm
Yount Hyde & Barbour Pc
Address
PO BOX 467, MIDDLEBURG, VA 20118
Preparer
Olivia a Hutton CPA
Phone
5406876381
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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/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt02656
IRS990/LandBldgEquipCostOrOtherBssAmt025137
IRS990/LegalDomicileStateCd0WV
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE WEST VIRGINIA BREEDERS CLASSIC, LTD. IS A TRADE ASSOCIATION THAT PROMOTES WEST VIRGINIA THOROUGHBRED BREEDING AND RACING, AND IS HIGHLIGHTED BY AN ANNUAL RACING EVENT AND OTHER PROMOTIONAL EVENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0789018
IRS990/NetAssetsOrFundBalancesEOYAmt0694317
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03320
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt014510
IRS990/OfficeExpensesGrp/TotalAmt07489
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01727
IRS990/OtherAssetsTotalGrp/EOYAmt01410
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01987
IRS990/OtherExpensesGrp/Desc0ANNUAL INDUSTRY GALA
IRS990/OtherExpensesGrp/Desc1RACE DAY EXPENSES
IRS990/OtherExpensesGrp/Desc2GOLF TOURNAMENT EXPENSE
IRS990/OtherExpensesGrp/Desc3MISC BUSINESS EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0124332
IRS990/OtherExpensesGrp/TotalAmt132712
IRS990/OtherExpensesGrp/TotalAmt212961
IRS990/OtherExpensesGrp/TotalAmt32678
IRS990/OtherSalariesAndWagesGrp/TotalAmt058790
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt011963
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CAROL HOLDEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/BusinessCd1110000
IRS990/ProgramServiceRevenueGrp/BusinessCd2110000
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PROMOTIONAL ACTI
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORS
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP & DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0228173
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1191000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt270450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0228173
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1191000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt270450
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt033905
IRS990/PYInvestmentIncomeAmt01221
IRS990/PYOtherExpensesAmt0269993
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0393574
IRS990/PYRevenuesLessExpensesAmt0-111349
IRS990/PYSalariesCompEmpBnftPaidAmt0202246
IRS990/PYTotalExpensesAmt0506144
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0394795
IRS990/ReconcilationRevenueExpnssAmt0-98021
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0789018
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0694317
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0637060
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0671586
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01064
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07813
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08877
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01592
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014668
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016260
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02656
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THOROUGHBRED RETIREMENT FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0133132741
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 834
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SARATOGA SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012866
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP FEES PAID BY FOAL AND STALLION OWNERS ENTITLE HORSE OWNERS TO PARTICIPATE IN RACES SPONSORED BY THE WEST VIRGINIA BREEDERS CLASSICS. ALSO, A REGISTER OF WEST VIRGINIA BRED FOALS AND STALLIONS IS MAINTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOOKS AND RECORDS ARE KEPT BY INDEPENDENT BOOKEEPER. TAX RETURN IS PREPARED BY INDEPENDENT ACCOUNTANT AND IS REVIEWED BY BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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/TotalAssetsBOYAmt0789202
IRS990/TotalAssetsEOYAmt0694317
IRS990/TotalAssetsGrp/BOYAmt0789202
IRS990/TotalAssetsGrp/EOYAmt0694317
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0590734
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0184
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0184
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0789018
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0694317
IRS990/TotalOtherCompensationAmt012834
IRS990/TotalProgramServiceRevenueAmt0489623
IRS990/TotalReportableCompFromOrgAmt091644
IRS990/TotalRevenueGrp/ExclusionAmt03090
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0489623
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0492713
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0789202
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0694317
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0224
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1251
IRS990/USAddress/CityNm0CHARLES TOWN
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025414
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.WVBC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.06$0.42$0.39$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.43$0.39$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.41$0.37$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.53$0.36$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.34$0.32$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.48$0.39$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.65$0.36$0.38$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.66$0.35$0.38$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.49$0.59$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.39$0.51$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.50$0.53$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.50$0.52$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.95$0.55
2012Summary only. Only limited summary data is available for this year.$0.89$0.00$0.89$0.49$0.58$0.10
2011Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.65$0.52$0.13