Civic Intelligence

Salisbury-Rowan Economic Development Commission

990 • Fiscal year 2021 • EIN 56-1442745

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 11, 2022

204 E Innes Street Ste 220Salisbury, NC 28144

(704) 637-5526

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$358,607

Up $18,548 (+5.5%) from 2020

Net Assets

Up

$358,607

Up $22,361 (+6.7%) from 2020

Liabilities

Down

$0

Down $3,813 (-100%) from 2020

Revenue And Expenses

Revenue

Up

$1,038,746

Up $153,440 (+17%) from 2020

Expenses

Down

$1,016,385

Down $107,532 (-9.6%) from 2020

Net Income

Up

$22,361

Up $260,972 (+109%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $454,337Liabilities 2011: $0Net Assets 2011: $454,3372011Assets 2012: $423,668Liabilities 2012: $0Net Assets 2012: $423,6682012Assets 2013: $482,573Liabilities 2013: $0Net Assets 2013: $482,5732013Assets 2014: $428,996Liabilities 2014: $0Net Assets 2014: $428,9962014Assets 2015: $578,799Liabilities 2015: $0Net Assets 2015: $578,7992015Assets 2016: $572,718Liabilities 2016: $0Net Assets 2016: $572,7182016Assets 2017: $520,482Liabilities 2017: $0Net Assets 2017: $520,4822017Assets 2018: $521,239Liabilities 2018: $0Net Assets 2018: $521,2392018Assets 2019: $574,857Liabilities 2019: $0Net Assets 2019: $574,8572019Assets 2020: $340,059Liabilities 2020: $3,813Net Assets 2020: $336,2462020Assets 2021: $358,607Liabilities 2021: $0Net Assets 2021: $358,6072021Assets 2021: $483,390Liabilities 2021: $410Net Assets 2021: $482,9802021Assets 2022: $595,021Liabilities 2022: $2,509Net Assets 2022: $592,5122022Assets 2023: $671,419Liabilities 2023: $2,510Net Assets 2023: $668,9092023Assets 2024: $467,256Liabilities 2024: $2,069Net Assets 2024: $465,1872024

Highlighted filing

2021

Assets$358,607
Liabilities$0
Net Assets$358,607

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $487,830Expenses 2011: $521,351Net Income 2011: -$33,5212011Revenue 2012: $420,232Expenses 2012: $450,901Net Income 2012: -$30,6692012Revenue 2013: $531,491Expenses 2013: $472,586Net Income 2013: $58,9052013Revenue 2014: $514,400Expenses 2014: $567,977Net Income 2014: -$53,5772014Revenue 2015: $765,654Expenses 2015: $615,851Net Income 2015: $149,8032015Revenue 2016: $596,753Expenses 2016: $602,834Net Income 2016: -$6,0812016Revenue 2017: $637,654Expenses 2017: $689,890Net Income 2017: -$52,2362017Revenue 2018: $790,851Expenses 2018: $790,094Net Income 2018: $7572018Revenue 2019: $935,305Expenses 2019: $881,687Net Income 2019: $53,6182019Revenue 2020: $885,306Expenses 2020: $1,123,917Net Income 2020: -$238,6112020Revenue 2021: $1,038,746Expenses 2021: $1,016,385Net Income 2021: $22,3612021Revenue 2021: $615,272Expenses 2021: $490,899Net Income 2021: $124,3732021Revenue 2022: $1,162,948Expenses 2022: $1,053,416Net Income 2022: $109,5322022Revenue 2023: $1,182,628Expenses 2023: $1,106,231Net Income 2023: $76,3972023Revenue 2024: $1,164,833Expenses 2024: $1,368,555Net Income 2024: -$203,7222024

Highlighted filing

2021

Revenue$1,038,746
Expenses$1,016,385
Net Income$22,361
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 11, 2022
Return Version
2020v4.0
Gross Receipts
$1,038,746
Mission and Program Overview

Mission

Promoting economic and industrial development in rowan county, north carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$256,504$256,783▲ $279
Cash and Non-Interest-Bearing Accounts$63,864$81,534▲ $17,670
Land, Buildings, and Equipment, Net$19,549$20,290▲ $741
Total Assets$340,059$358,607▲ $18,548
Other Assets Total$142--
Liabilities
Other Liabilities$3,813--
Total Liabilities$3,813$0▼ $3,813
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$236,349$288,589▲ $52,240
Net Assets With Donor Restrictions$99,897$70,018▼ $29,879
Total Net Assets Fund Balance$336,246$358,607▲ $22,361
Total Liabilities and Net Assets / Fund Balance$340,059$358,607▲ $18,548

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,290$43,799$64,089
Leasehold Improvements-$22,000$22,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rod CriderPresident &FT$180,795$180,795
Rod CriderPresident & CEO-$180,795$180,795

Board Members and Trustees

NameTitle
Stephen KiddChairman
Bryan OvercashVice-chairma
Brad WalserBoard Member
Denise HallettBoard Member
Greg EddsBoard Member
Jake AlexanderBoard Member
Jason WalserBoard Member
Luke FisherBoard Member
Pete TeagueBoard Member
Skip WoodBoard Member
Steve FisherBoard Member
Tammy WhaleyBoard Member
Teross YoungBoard Member
Tom BostBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,038,467
Program Service Revenue
$0
Investment Income
$279
Other Revenue
$0
All Other Contributions
$211,290
Change in Net Assets
$22,361

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,038,746
Total Revenue per Audited Statements
$1,038,746
Total Revenue per Form 990
$1,038,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$626,599
Other Expenses$336,536
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$13,250
Total Fundraising Expense$13,250

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$305,689--$305,689
Current Officers, Directors, Trustees, and Key Employees$180,795--$180,795
Other Employee Benefits$54,008--$54,008
Pension Plan Contributions$51,251--$51,251
Grants to Domestic Orgs$40,000--$40,000
Fees for Services Other$36,337--$36,337
Advertising$35,039--$35,039
Payroll Taxes$34,856--$34,856
All Other Expenses$25,335--$25,335
Occupancy$19,860--$19,860
Information Technology$16,274--$16,274
Office Expenses$15,903--$15,903
Other Expenses$13,500--$13,500
Fees for Services Professional Fundraising--$13,250$13,250
Fees for Services Accounting$11,957--$11,957
Travel$7,487--$7,487
Depreciation Depletion$6,971--$6,971
Insurance$3,815--$3,815
Conferences and Meetings$3,795--$3,795
Total Functional Expenses$1,003,135$0$13,250$1,016,385

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,016,385
Total Expenses per Audited Statements$1,016,385
Total Expenses per Form 990$1,016,385
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ChewyDania Beach, FL-Economic Development$20,000
Eastern Wholesale Fence LLCMedford, NY-Economic Development$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,250
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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, Part VI

Reviewed by treasurer prior to filing.

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

Appointed by various governmental entities which comprise the members of the organization.

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

Preliminary copy of 990 reviewed by the president/ceo prior to filing

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

Board members sign agreement to disclose any conflict when assume position.

Form 990, Page 6, Part VI, Line 15A

Included in annual budget approved by board of directors.

Form 990, Page 6, Part VI, Line 15B

Included in annual budget approved by board of directors.

Form 990, Page 6, Part VI, Line 19

ON REQUEST

Filing and Contact Details

Filer

Filer Name
Rowan Economic Development Council
EIN
56-1442745
Phone
7046375526
Address
204 E INNES STREET STE 220, SALISBURY, NC 28144

Signing Officer

Name
Rod Crider
Title
President & CEO
Phone
7046375526
Signed
2022-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rod Crider
Formed
1984
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
6

Preparer

Firm
Brent H Parks CPA Pa
Address
1816 E INNES ST STE 101, SALISBURY, NC 28146-6027
Preparer
Brent H Parks
Phone
7046338700
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0288589
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt019860
IRS990/OccupancyGrp/TotalAmt019860
IRS990/OfficeExpensesGrp/ProgramServicesAmt015903
IRS990/OfficeExpensesGrp/TotalAmt015903
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0142
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054008
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054008
IRS990/OtherExpensesGrp/Desc0SP BRANDING ROWAN
IRS990/OtherExpensesGrp/Desc1NB REGIONAL & STATE MKT
IRS990/OtherExpensesGrp/Desc2WORKFORCE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3SP SITE DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt054931
IRS990/OtherExpensesGrp/ProgramServicesAmt144024
IRS990/OtherExpensesGrp/ProgramServicesAmt241308
IRS990/OtherExpensesGrp/ProgramServicesAmt313500
IRS990/OtherExpensesGrp/TotalAmt054931
IRS990/OtherExpensesGrp/TotalAmt144024
IRS990/OtherExpensesGrp/TotalAmt241308
IRS990/OtherExpensesGrp/TotalAmt313500
IRS990/OtherLiabilitiesGrp/BOYAmt03813
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0305689
IRS990/OtherSalariesAndWagesGrp/TotalAmt0305689
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt034856
IRS990/PayrollTaxesGrp/TotalAmt034856
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt051251
IRS990/PensionPlanContributionsGrp/TotalAmt051251
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ROD CRIDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0872163
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0450
IRS990/PYInvestmentIncomeAmt02338
IRS990/PYOtherExpensesAmt0340253
IRS990/PYOtherRevenueAmt010805
IRS990/PYRevenuesLessExpensesAmt0-238611
IRS990/PYSalariesCompEmpBnftPaidAmt0546214
IRS990/PYTotalExpensesAmt01123917
IRS990/PYTotalProfFndrsngExpnsAmt0237000
IRS990/PYTotalRevenueAmt0885306
IRS990/ReconcilationRevenueExpnssAmt022361
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0256504
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0256783
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt020290
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043799
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064089
IRS990ScheduleD/ExpensesSubtotalAmt01016385
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022000
IRS990ScheduleD/RevenueSubtotalAmt01038746
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020290
IRS990ScheduleD/TotalExpensesPerForm990Amt01016385
IRS990ScheduleD/TotalRevenuePerForm990Amt01038746
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01038746
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01016385
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHEWY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1EASTERN WHOLESALE FENCE LLC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01855 GRIFFIN ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1266 MIDDLE ISLAN ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0STE B428
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DANIA BEACH
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MEDFORD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033004
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd111763
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DUKE ENERGY GRANTS RECEIVED THROUGH ITS CAROLINAS INVESTMENT FUND ARE REQUESTED BY THE ORGANIZATION TO ASSIST COMPANIES (WITH LOCAL FACILITES) WITH SITE AND/OR BUILDING IMPROVEMENTS NECESSARY FOR A COMPANY'S EXPANSION OR RELOCATION. THE ORGANIZATION DOES A PHYSICAL INSPECTION TO DETERMINE THAT THE WORK HAS PHYSICALLY BEGUN AND AT THAT TIME REQUESTS THE FUNDS AND SUBSEQUENTLY DISBURSES THEM.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0180795
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROD CRIDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0180795
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPOINTED BY VARIOUS GOVERNMENTAL ENTITIES WHICH COMPRISE THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRELIMINARY COPY OF 990 REVIEWED BY THE PRESIDENT/CEO PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS SIGN AGREEMENT TO DISCLOSE ANY CONFLICT WHEN ASSUME POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCLUDED IN ANNUAL BUDGET APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCLUDED IN ANNUAL BUDGET APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0340059
IRS990/TotalAssetsEOYAmt0358607
IRS990/TotalAssetsGrp/BOYAmt0340059
IRS990/TotalAssetsGrp/EOYAmt0358607
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01038467
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013250
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01003135
IRS990/TotalFunctionalExpensesGrp/TotalAmt01016385

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.00$0.47$1.16$1.37$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$1.18$1.11$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.59$1.16$1.05$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.00$0.48$0.62$0.49$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.04$1.02$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.00$0.34$0.89$1.12$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.94$0.88$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.79$0.79$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.64$0.69$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.60$0.60$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.77$0.62$0.15
2014Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$0.51$0.57$0.05
2013Summary only. Only limited summary data is available for this year.$0.48$0.00$0.48$0.53$0.47$0.06
2012Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$0.42$0.45$0.03
2011Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$0.49$0.52$0.03