Civic Intelligence

Learning Plus Associates

990 • Fiscal year 2022 • EIN 56-2298434

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 16, 2023

9480 Utica Avenue Ste 605Rancho Cucamonga, CA 91730

(909) 484-6002

Siviq Scores

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

Liabilities / Assets

81st percentile

0.42x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.44x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

44th percentile

3.7%

Higher net margin than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

68th percentile

$98,827

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

84th percentile

34%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

46%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,856,700

Up $475,830 (+34%) from 2021

Net Assets

Up

$1,082,077

Up $64,186 (+6.3%) from 2021

Liabilities

Up

$774,623

Up $411,644 (+113%) from 2021

Revenue

Up

$1,752,262

Up $549,121 (+46%) from 2021

Expenses

Up

$1,688,076

Up $435,053 (+35%) from 2021

Net Income

Up

$64,186

Up $114,068 (+229%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,895,206Liabilities 2011: $78,326Net Assets 2011: $2,816,8802011Assets 2012: $2,631,929Liabilities 2012: $59,886Net Assets 2012: $2,572,0432012Assets 2013: $1,462,211Liabilities 2013: $51,694Net Assets 2013: $1,410,5172013Assets 2014: $2,779,742Liabilities 2014: $31,341Net Assets 2014: $2,748,4012014Assets 2015: $2,429,653Liabilities 2015: $91,993Net Assets 2015: $2,337,6602015Assets 2016: $2,102,046Liabilities 2016: $82,717Net Assets 2016: $2,019,3292016Assets 2017: $1,735,365Liabilities 2017: $144,231Net Assets 2017: $1,591,1342017Assets 2018: $1,529,670Liabilities 2018: $166,799Net Assets 2018: $1,362,8712018Assets 2019: $1,389,545Liabilities 2019: $130,375Net Assets 2019: $1,259,1702019Assets 2020: $1,419,583Liabilities 2020: $351,809Net Assets 2020: $1,067,7742020Assets 2021: $1,380,870Liabilities 2021: $362,979Net Assets 2021: $1,017,8912021Assets 2022: $1,856,700Liabilities 2022: $774,623Net Assets 2022: $1,082,0772022Assets 2023: $1,713,658Liabilities 2023: $764,843Net Assets 2023: $948,8152023Assets 2024: $1,150,943Liabilities 2024: $777,638Net Assets 2024: $373,3052024Assets 2025: $812,891Liabilities 2025: $825,685Net Assets 2025: -$12,7942025

Highlighted filing

2022

Assets$1,856,700
Liabilities$774,623
Net Assets$1,082,077

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $8,344,626Expenses 2011: $7,698,202Net Income 2011: $646,4242011Revenue 2012: $6,945,041Expenses 2012: $7,189,879Net Income 2012: -$244,8382012Revenue 2013: $4,809,677Expenses 2013: $5,955,262Net Income 2013: -$1,145,5852013Revenue 2014: $4,349,177Expenses 2014: $4,875,784Net Income 2014: -$526,6072014Revenue 2015: $3,302,127Expenses 2015: $3,712,868Net Income 2015: -$410,7412015Revenue 2016: $2,575,419Expenses 2016: $2,893,750Net Income 2016: -$318,3312016Revenue 2017: $1,304,469Expenses 2017: $1,732,664Net Income 2017: -$428,1952017Revenue 2018: $785,272Expenses 2018: $1,013,535Net Income 2018: -$228,2632018Revenue 2019: $913,767Expenses 2019: $1,017,467Net Income 2019: -$103,7002019Revenue 2020: $904,351Expenses 2020: $1,095,747Net Income 2020: -$191,3962020Revenue 2021: $1,203,141Expenses 2021: $1,253,023Net Income 2021: -$49,8822021Revenue 2022: $1,752,262Expenses 2022: $1,688,076Net Income 2022: $64,1862022Revenue 2023: $1,753,399Expenses 2023: $1,886,661Net Income 2023: -$133,2622023Revenue 2024: $1,469,229Expenses 2024: $2,044,739Net Income 2024: -$575,5102024Revenue 2025: $1,488,745Expenses 2025: $1,874,844Net Income 2025: -$386,0992025

Highlighted filing

2022

Revenue$1,752,262
Expenses$1,688,076
Net Income$64,186
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 16, 2023
Return Version
2021v4.2
Gross Receipts
$1,752,262
Mission and Program Overview

Mission

Developing and providing curricula to assist schools and school districts in meeting state educational standards.

Providing curricula to assist school districts in meeting state educational standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$1,018,183$882,191▼ $135,992
Cash and Non-Interest-Bearing Accounts$226,116$656,870▲ $430,754
Accounts Receivable$127,893$306,041▲ $178,148
Inventories for Sale or Use$5,148$5,735▲ $587
Land, Buildings, and Equipment, Net$0$2,333▲ $2,333
Total Assets$1,380,870$1,856,700▲ $475,830
Other Assets Total$3,530$3,530→ $0
Liabilities
Unsecured Notes Loans Payable$346,037$737,400▲ $391,363
Accounts Payable and Accrued Expenses$14,382$33,705▲ $19,323
Other Liabilities$2,560$3,518▲ $958
Total Liabilities$362,979$774,623▲ $411,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,017,891$1,082,077▲ $64,186
Total Net Assets Fund Balance$1,017,891$1,082,077▲ $64,186
Total Liabilities and Net Assets / Fund Balance$1,380,870$1,856,700▲ $475,830

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,333$236,007$238,340
Other Land Buildings$0$100,744$100,744
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Greg CowenTreasurerFT$98,827$98,827
Sabina MillsSecretaryFT$98,061$98,061
Frances MazzoliniPresidentFT$90,001$90,001

Board Members and Trustees

NameTitle
Linda StrahanDirector
Marlin BrownDirector
Patrick Mc CurryDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,752,262
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$64,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$849,464
Other Expenses$838,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$408,625$26,256-$434,881
Current Officers, Directors, Trustees, and Key Employees$144,327$142,562-$286,889
Depreciation Depletion$136,289$115-$136,404
Other Employee Benefits$58,713$6,524-$65,237
Occupancy$42,745$21,054-$63,799
Payroll Taxes$56,211$6,246-$62,457
Fees for Services Other$57,293--$57,293
Advertising$51,715--$51,715
Information Technology$45,865--$45,865
Insurance$19,202$7,468-$26,670
All Other Expenses$24,242$1,725-$25,967
Fees for Services Accounting$21,000--$21,000
Other Expenses$12,646$6,229-$18,875
Office Expenses$16,130$2,201-$18,331
Conferences and Meetings$377$15,178-$15,555
Travel$3,854--$3,854
Fees for Services Legal$2,065--$2,065
Total Functional Expenses$1,452,518$235,558$0$1,688,076
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$2,565
Pension Plan Payable$953
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Section B, Line 11B

A copy of form 990 is reviewed by the president and treasurer before it is filed.

Form 990, Part VI, Section B, Line 12C

New customers, vendors and business relationships are disclosed at the quarterly board meetings

Form 990, Part VI, Section B, Line 15

Salaries are of similar school districts researched and then averaged to determine an appropriate figure. Salaries are also compared to similar school district positions which were included in a recent ag audit.

Form 990, Part VI, Section C, Line 19

Upon personal request the organization makes its governing documents, conflict of interest policy and financial statements available for inspection either by mail or onsite.

Filing and Contact Details

Filer

Filer Name
Learning Plus Associates
EIN
56-2298434
Phone
9094846002
Address
9480 UTICA AVENUE STE 605, RANCHO CUCAMONGA, CA 91730

Signing Officer

Name
Greg Cowen
Title
Treasurer
Phone
9094846002
Signed
2023-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Cowen
Formed
2002
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Swenson Accountancy Corporation
Address
10606 TRADEMARK PKWY N STE 203, RANCHO CUCAMONGA, CA 91730
Preparer
Dean a Norling
Phone
9099895867
Raw XML Appendix391 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.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0796318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05594743
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05594743
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01767262
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01203141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0914253
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0913769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0796318
IRS990ScheduleA/Total509Grp/TotalAmt05594743
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01767262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01203141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0914253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0913769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0796318
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05594743
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02333
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0236007
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0238340
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0100744
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0100744
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION PLAN PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02333
IRS990ScheduleD/TotalLiabilityAmt03518
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW CUSTOMERS, VENDORS AND BUSINESS RELATIONSHIPS ARE DISCLOSED AT THE QUARTERLY BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES ARE OF SIMILAR SCHOOL DISTRICTS RESEARCHED AND THEN AVERAGED TO DETERMINE AN APPROPRIATE FIGURE. SALARIES ARE ALSO COMPARED TO SIMILAR SCHOOL DISTRICT POSITIONS WHICH WERE INCLUDED IN A RECENT AG AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON PERSONAL REQUEST THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION EITHER BY MAIL OR ONSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01380870
IRS990/TotalAssetsEOYAmt01856700
IRS990/TotalAssetsGrp/BOYAmt01380870
IRS990/TotalAssetsGrp/EOYAmt01856700
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0235558
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01452518
IRS990/TotalFunctionalExpensesGrp/TotalAmt01688076
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0362979
IRS990/TotalLiabilitiesEOYAmt0774623
IRS990/TotalLiabilitiesGrp/BOYAmt0362979
IRS990/TotalLiabilitiesGrp/EOYAmt0774623
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01017891
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01082077
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01452518
IRS990/TotalProgramServiceRevenueAmt01752262
IRS990/TotalReportableCompFromOrgAmt0286889
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01752262
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01752262
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01380870
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01856700
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03854
IRS990/TravelGrp/TotalAmt03854
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0346037
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0737400
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09480 UTICA AVENUE 605
IRS990/USAddress/CityNm0RANCHO CUCAMONGA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091730
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LEARNING-PLUS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG COWEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09094846002
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEARNING PLUS ASSOCIATES
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0562298434
ReturnHeader/Filer/PhoneNum09094846002
ReturnHeader/Filer/USAddress/AddressLine1Txt09480 UTICA AVENUE STE 605
ReturnHeader/Filer/USAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091730
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330305865
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SWENSON ACCOUNTANCY CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010606 TRADEMARK PKWY N STE 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091730
ReturnHeader/PreparerPersonGrp/PhoneNum09099895867
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEAN A NORLING
ReturnHeader/ReturnTs02023-10-16T17:31:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COWEN
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.83$0.01$1.49$1.87$0.39
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.78$0.37$1.47$2.04$0.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.76$0.95$1.75$1.89$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.86$0.77$1.08$1.75$1.69$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.36$1.02$1.20$1.25$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.35$1.07$0.90$1.10$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.13$1.26$0.91$1.02$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.17$1.36$0.79$1.01$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.14$1.59$1.30$1.73$0.43
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.08$2.02$2.58$2.89$0.32
2015Summary only. Only limited summary data is available for this year.$2.43$0.09$2.34$3.30$3.71$0.41
2014Summary only. Only limited summary data is available for this year.$2.78$0.03$2.75$4.35$4.88$0.53
2013Summary only. Only limited summary data is available for this year.$1.46$0.05$1.41$4.81$5.96$1.15
2012Summary only. Only limited summary data is available for this year.$2.63$0.06$2.57$6.95$7.19$0.24
2011Summary only. Only limited summary data is available for this year.$2.90$0.08$2.82$8.34$7.70$0.65