Civic Intelligence

The Roanoke Law Foundation

990EZ • Fiscal year 2015 • EIN 54-1860145

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 18, 2016

Organization ProfileWWW.ROANOKELAWFOUNDATION.COM
PO Box 18183Roanoke, VA 24014

(540) 342-4905

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

24th percentile

-9.6%

Higher net margin than 24% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

35th percentile

-5.1%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-54%

Faster revenue growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$208,131

Down $11,195 (-5.1%) from 2014

Net Assets

Down

$208,131

Down $11,195 (-5.1%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin24th percentile

Revenue

Down

$16,733

Down $19,494 (-54%) from 2014

Expenses

Down

$18,341

Down $304 (-1.6%) from 2014

Net Income

Down

-$1,608

Down $19,190 (-109%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$400K$300K$200K$100K$0Assets 2011: $161,323Liabilities 2011: $02011Assets 2012: $193,336Liabilities 2012: $02012Assets 2013: $208,298Net Assets 2013: $208,2982013Assets 2014: $219,326Net Assets 2014: $219,3262014Assets 2015: $208,131Net Assets 2015: $208,1312015Assets 2016: $218,792Net Assets 2016: $218,7922016Assets 2017: $236,822Net Assets 2017: $236,8222017Assets 2018: $219,089Net Assets 2018: $219,0892018Assets 2019: $254,185Net Assets 2019: $254,1852019Assets 2020: $299,377Net Assets 2020: $299,3772020Assets 2021: $316,803Net Assets 2021: $316,8032021Assets 2022: $257,967Net Assets 2022: $257,9672022Assets 2023: $291,660Net Assets 2023: $291,6602023Assets 2024: $330,852Net Assets 2024: $330,8522024

Highlighted filing

2015

Assets$208,131
Liabilities-
Net Assets$208,131
Open 2015 Filing

Operations Trend

Revenue Growth8th percentile

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

$40K$20K$0-$20KRevenue 2011: $12,004Expenses 2011: $8,593Net Income 2011: $3,4112011Revenue 2012: $38,825Expenses 2012: $12,022Net Income 2012: $26,8032012Revenue 2013: $33,134Expenses 2013: $16,136Net Income 2013: $16,9982013Revenue 2014: $36,227Expenses 2014: $18,645Net Income 2014: $17,5822014Revenue 2015: $16,733Expenses 2015: $18,341Net Income 2015: -$1,6082015Revenue 2016: $26,864Expenses 2016: $16,203Net Income 2016: $10,6612016Revenue 2017: $31,261Expenses 2017: $13,231Net Income 2017: $18,0302017Revenue 2018: $24,585Expenses 2018: $12,425Net Income 2018: $12,1602018Revenue 2019: $27,993Expenses 2019: $17,379Net Income 2019: $10,6142019Revenue 2020: $25,154Expenses 2020: $15,523Net Income 2020: $9,6312020Revenue 2021: $33,607Expenses 2021: $16,584Net Income 2021: $17,0232021Revenue 2022: $27,909Expenses 2022: $19,546Net Income 2022: $8,3632022Revenue 2023: $30,381Expenses 2023: $18,867Net Income 2023: $11,5142023Revenue 2024: $31,804Expenses 2024: $25,128Net Income 2024: $6,6762024

Highlighted filing

2015

Revenue$16,733
Expenses$18,341
Net Income-$1,608
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 18, 2016
Return Version
2015v2.0
Gross Receipts
$21,828
Mission and Program Overview

Mission

To improve and facilitate the administration of justice and to promote the dissemination of knowledge of the law. This is done primarily through charitable contributions and the granting of scholarships to students who demonstrate diligence in and commitment to their studies and an interest in the pursuit of law.

Program Services

DescriptionGrantsExpenses
GAVE SCHOLARSHIPS TO 9 STUDENTS DEMONSTRATING DILIGENCE AND INTEREST IN LAW. ALSO AWARDED GRANTS TO LEGAL AID SOCIETY OF ROANOKE VALLEY.$13,016$7,000
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD C MAXWELL ESQChairman-$0--
FRANCIS H CASOLA ESQTrustee-$0--
KEVIN W HOLT ESQTrustee-$0--
CATHY CADDYExecutive Direc-$0--
THOMAS H MILLER ESQTrustee-$0--
JOSEPH W H MOTT ESQTrustee-$0--
LORI THOMPSON ESQTrustee-$0--
HUGH B WELLONS ESQTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Roanoke Law Foundation
EIN
54-1860145
Phone
5403424905
Address
PO BOX 18183, ROANOKE, VA 24014

Signing Officer

Name
Richard C Maxwell Esq
Title
Chairman
Signed
2016-03-18
Discuss with paid preparer
Yes

Preparer

Firm
Foti Flynn Lowen & Co PC
Address
PO Box 12765, Roanoke, VA 24028-2765
Preparer
Bradley J Davis CPA
Phone
5403449246
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $304”

Other Expenses.1012

“Insurance $3992”

Other Expenses.1

“Rba salary reimbursement $3962”

Other Expenses.2

“FELLOWS EXPENSE $1307”

Other Expenses.3

“STORAGE UNIT $650”

Other Expenses.5

“SCHOLARSHIP EXPENSE $54”

Other Expenses.6

“MISCELLANEOUS $52”

Other Expenses.7

“WEBSITE $13”

Raw XML Appendix172 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/PersonNm0CATHY CADDY
IRS990EZ/BooksInCareOfDetail/PhoneNum05403424905
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02510 LONGVIEW AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROANOKE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd024014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0219326
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0208131
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt012140
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1608
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0860
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0219326
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0208131
IRS990EZ/FundraisingGrossIncomeAmt03356
IRS990EZ/GrantsAndSimilarAmountsPaidAmt07000
IRS990EZ/GrossReceiptsAmt021828
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt06332
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0219326
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0208131
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0219326
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0208131
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt33.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RICHARD C MAXWELL ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1FRANCIS H CASOLA ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KEVIN W HOLT ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CATHY CADDY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4THOMAS H MILLER ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JOSEPH W H MOTT ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6LORI THOMPSON ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7HUGH B WELLONS ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Direc
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-9587
IRS990EZ/OtherExpensesTotalAmt010334
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO IMPROVE AND FACILITATE THE ADMINISTRATION OF JUSTICE AND TO PROMOTE THE DISSEMINATION OF KNOWLEDGE OF THE LAW. THIS IS DONE PRIMARILY THROUGH CHARITABLE CONTRIBUTIONS AND THE GRANTING OF SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATE DILIGENCE IN AND COMMITMENT TO THEIR STUDIES AND AN INTEREST IN THE PURSUIT OF LAW.
IRS990EZ/PrintingPublicationsPostageAmt0147
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GAVE SCHOLARSHIPS TO 9 STUDENTS DEMONSTRATING DILIGENCE AND INTEREST IN LAW. ALSO AWARDED GRANTS TO LEGAL AID SOCIETY OF ROANOKE VALLEY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt013016
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt07000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt05095
IRS990EZ/SpecialEventsNetIncomeLossAmt0-1739
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt018341
IRS990EZ/TotalProgramServiceExpensesAmt013016
IRS990EZ/TotalRevenueAmt016733
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0WWW.ROANOKELAWFOUNDATION.COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt012140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt026950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt019013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt024850
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt084433
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06332
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09914
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05874
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02745
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt031429
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72870
IRS990ScheduleA/PublicSupportPY170Pct00.77300
IRS990ScheduleA/PublicSupportTotal170Amt084433
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt012140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt026950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt019013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt024850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01480
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt084433
IRS990ScheduleA/TotalSupportAmt0115862
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $304
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $3992
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RBA SALARY REIMBURSEMENT $3962
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FELLOWS EXPENSE $1307
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4STORAGE UNIT $650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SCHOLARSHIP EXPENSE $54
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISCELLANEOUS $52
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WEBSITE $13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.7
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD C MAXWELL ESQ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROANOKE LAW FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ROAN
ReturnHeader/Filer/EIN0541860145
ReturnHeader/Filer/PhoneNum05403424905
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 18183
ReturnHeader/Filer/USAddress/CityNm0ROANOKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024014
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foti Flynn Lowen & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 12765
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Roanoke
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0240282765
ReturnHeader/PreparerPersonGrp/PhoneNum05403449246
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY J DAVIS CPA
ReturnHeader/ReturnTs02016-03-18T11:38:29-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$208,131
Liabilities
-
Net assets
$208,131
Revenue
$16,733
Expenses
$18,341
Net income
-$1,608
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.31$3.31$0.32$0.25$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.92$2.92$0.30$0.19$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.58$2.58$0.28$0.20$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.17$3.17$0.34$0.17$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.99$2.99$0.25$0.16$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.54$2.54$0.28$0.17$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.19$2.19$0.25$0.12$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.37$2.37$0.31$0.13$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.19$2.19$0.27$0.16$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.08$2.08$0.17$0.18$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.19$2.19$0.36$0.19$0.18
2013Detailed filing. Detailed filing data is available for this year.$2.08$2.08$0.33$0.16$0.17
2012Summary only. Only limited summary data is available for this year.$1.93$0.00$0.39$0.12$0.27
2011Summary only. Only limited summary data is available for this year.$1.61$0.00$0.12$0.09$0.03