Civic Intelligence

Griffin Spalding County Chamber of Commerce

990EZ • Fiscal year 2015 • EIN 58-0270557

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 30, 2016

PO Box 73Griffin, GA 30224

(770) 228-8200

Siviq Scores

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

Liabilities / Assets

77th percentile

0.15x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.07x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

21st percentile

-9.9%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$40,680

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

25th percentile

-10%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

0.7%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$77,198

Down $8,626 (-10%) from 2014

Net Assets

Down

$65,276

Down $15,706 (-19%) from 2014

Liabilities

Up

$11,922

Up $7,080 (+146%) from 2014

Revenue

Up

$159,215

Up $1,038 (+0.7%) from 2014

Expenses

Up

$174,921

Up $12,522 (+7.7%) from 2014

Net Income

Down

-$15,706

Down $11,484 (-272%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $119,873Liabilities 2011: $5,538Net Assets 2011: $114,3352011Assets 2012: $106,103Liabilities 2012: $6,806Net Assets 2012: $99,2972012Assets 2013: $92,218Liabilities 2013: $7,014Net Assets 2013: $85,2042013Assets 2014: $85,824Liabilities 2014: $4,842Net Assets 2014: $80,9822014Assets 2015: $77,198Liabilities 2015: $11,922Net Assets 2015: $65,2762015Assets 2016: $70,465Liabilities 2016: $4,250Net Assets 2016: $66,2152016Assets 2017: $70,531Liabilities 2017: $2,423Net Assets 2017: $68,1082017Assets 2018: $85,157Net Assets 2018: $85,1572018Assets 2019: $128,866Liabilities 2019: $0Net Assets 2019: $128,8662019Assets 2020: $118,623Liabilities 2020: $0Net Assets 2020: $118,6232020Assets 2021: $104,613Liabilities 2021: $5,148Net Assets 2021: $99,4652021Assets 2022: $86,549Liabilities 2022: $0Net Assets 2022: $86,5492022Assets 2023: $93,102Liabilities 2023: $4,110Net Assets 2023: $88,9922023Assets 2024: $105,018Liabilities 2024: $3,714Net Assets 2024: $101,3042024

Highlighted filing

2015

Assets$77,198
Liabilities$11,922
Net Assets$65,276

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $167,434Expenses 2011: $171,296Net Income 2011: -$3,8622011Revenue 2012: $155,361Expenses 2012: $170,399Net Income 2012: -$15,0382012Revenue 2013: $162,327Expenses 2013: $176,420Net Income 2013: -$14,0932013Revenue 2014: $158,177Expenses 2014: $162,399Net Income 2014: -$4,2222014Revenue 2015: $159,215Expenses 2015: $174,921Net Income 2015: -$15,7062015Revenue 2016: $173,918Expenses 2016: $172,979Net Income 2016: $9392016Revenue 2017: $162,190Expenses 2017: $160,297Net Income 2017: $1,8932017Revenue 2018: $192,819Expenses 2018: $175,770Net Income 2018: $17,0492018Revenue 2019: $281,427Expenses 2019: $237,720Net Income 2019: $43,7072019Revenue 2020: $197,799Expenses 2020: $208,042Net Income 2020: -$10,2432020Revenue 2021: $220,959Expenses 2021: $247,719Net Income 2021: -$26,7602021Revenue 2022: $243,608Expenses 2022: $256,524Net Income 2022: -$12,9162022Revenue 2023: $273,074Expenses 2023: $282,664Net Income 2023: -$9,5902023Revenue 2024: $340,945Expenses 2024: $338,696Net Income 2024: $2,2492024

Highlighted filing

2015

Revenue$159,215
Expenses$174,921
Net Income-$15,706
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 30, 2016
Return Version
2015v2.0
Gross Receipts
$171,146
Mission and Program Overview

Mission

The griffin-spalding chamber of commerce provides leadership through its members to advance the economic potential and quality of life in the community.

Program Services

DescriptionGrantsExpenses
THE CHAMBER WAS ABLE TO CONTINUE PROVIDING MEMBERSHIP SERVICES TO ITS MEMBERS IN 2014. THE CHAMBER'S MEMBERSHIP IS INCREASING AND THEY HAVE BEEN ABLE TO EXPAND SOME OF THE PROGRAMS THEY OFFER.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BONNIE PFROGNERExecutive DirecFT$40,680-$40,680
RANDALL PETERSPast ChairmanPT$0--
JOHN TIDWELLVice ChairmanPT$0--
ED WORRELLTreasurerPT$0--
KELLY SMITHChairmanPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$18,243$18,243$6,158$12,085
Total Events$18,243$18,243$6,158$12,085
Filing and Contact Details

Filer

Filer Name
Griffin Spalding County
EIN
58-0270557
Phone
7702288200
Address
PO BOX 73, GRIFFIN, GA 30224

Signing Officer

Name
Bonita Pfrogner
Title
Executive Director
Signed
2016-09-30
Discuss with paid preparer
Yes

Preparer

Firm
Melvin Rooks & Howell PC
Address
1120 Zebulon Rd PO BOX 59, Griffin, GA 30224
Preparer
Tom Melvin CPA
Phone
7702275008
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $1201

Other Expenses.1008

Interest $23

Other Expenses.1009

Depreciation $351

Other Expenses.1012

Insurance $13769

Other Expenses.1

COMMITTEES $20187

Other Expenses.2

TOURISM $5331

Other Expenses.3

COPIER LEASE $4737

Other Expenses.4

Dues and publications $3850

Other Expenses.6

MAP PRINTING $2400

Other Expenses.7

PROFESSIONAL DEVEL $2091

Other Expenses.8

TELEPHONE $1825

Other Expenses.9

BANK CHARGES $1401

Other Expenses.10

Repairs & maintenance $819

Other Expenses.11

PEST CONTROL $390

Other Expenses.12

MISCELLANEOUS $265

Other Assets.1002

Furniture and Fixtures - Beginning $1712 Furniture and Fixtures - Ending $1361

Total Liabilities.1

PAYROLL TAXES - Beginning $3095 PAYROLL TAXES - Ending $4500

Total Liabilities.2

CREDIT CARD PAYABLE - Beginning $1747 CREDIT CARD PAYABLE - Ending $476

Total Liabilities.3

MILITARY AFFAIRS - Beginning $0 MILITARY AFFAIRS - Ending $6946

Raw XML Appendix157 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/PersonNm0BONITA PFROGNER
IRS990EZ/BooksInCareOfDetail/PhoneNum07702288200
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0143 NORTH HILL STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GRIFFIN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd030223
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt084112
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt075837
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-15706
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05050
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt085824
IRS990EZ/Form990TotalAssetsGrp/EOYAmt077198
IRS990EZ/FundraisingGrossIncomeAmt018493
IRS990EZ/GrossReceiptsAmt0171146
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt082
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt088953
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt080982
IRS990EZ/NetAssetsOrFundBalancesEOYAmt065276
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt080982
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt065276
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt440.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt440680
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RANDALL PETERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOHN TIDWELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ED WORRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KELLY SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BONNIE PFROGNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Past Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Executive Direc
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01712
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01361
IRS990EZ/OtherExpensesTotalAmt058640
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE GRIFFIN-SPALDING CHAMBER OF COMMERCE PROVIDES LEADERSHIP THROUGH ITS MEMBERS TO ADVANCE THE ECONOMIC POTENTIAL AND QUALITY OF LIFE IN THE COMMUNITY.
IRS990EZ/PrintingPublicationsPostageAmt02483
IRS990EZ/ProgramServiceRevenueAmt063618
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE CHAMBER WAS ABLE TO CONTINUE PROVIDING MEMBERSHIP SERVICES TO ITS MEMBERS IN 2014. THE CHAMBER'S MEMBERSHIP IS INCREASING AND THEY HAVE BEEN ABLE TO EXPAND SOME OF THE PROGRAMS THEY OFFER.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0108748
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt011931
IRS990EZ/SpecialEventsNetIncomeLossAmt06562
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt04842
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt011922
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0174921
IRS990EZ/TotalRevenueAmt0159215
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/WebsiteAddressTxt0www.griffinchamber.com
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06158
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018243
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018243
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018243
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018243
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012085
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06158
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06158
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $1201
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Interest $23
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $351
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $13769
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMMITTEES $20187
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TOURISM $5331
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COPIER LEASE $4737
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUES AND PUBLICATIONS $3850
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MAP PRINTING $2400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PROFESSIONAL DEVEL $2091
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TELEPHONE $1825
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11BANK CHARGES $1401
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12REPAIRS & MAINTENANCE $819
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13PEST CONTROL $390
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14MISCELLANEOUS $265
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Furniture and Fixtures - Beginning $1712 Furniture and Fixtures - Ending $1361
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16PAYROLL TAXES - Beginning $3095 PAYROLL TAXES - Ending $4500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17CREDIT CARD PAYABLE - Beginning $1747 CREDIT CARD PAYABLE - Ending $476
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18MILITARY AFFAIRS - Beginning $0 MILITARY AFFAIRS - Ending $6946
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Expenses.11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Total Liabilities.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Total Liabilities.3
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BONITA PFROGNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRIFFIN SPALDING COUNTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0GRIF
ReturnHeader/Filer/EIN0580270557
ReturnHeader/Filer/PhoneNum07702288200
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 73
ReturnHeader/Filer/USAddress/CityNm0GRIFFIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Melvin Rooks & Howell PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01120 Zebulon Rd PO BOX 59
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Griffin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030224
ReturnHeader/PreparerPersonGrp/PhoneNum07702275008
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TOM MELVIN CPA
ReturnHeader/ReturnTs02016-09-30T07:27:05-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.04$1.01$3.41$3.39$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.04$0.89$2.73$2.83$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.00$0.87$2.44$2.57$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.05$0.99$2.21$2.48$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$1.98$2.08$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.00$1.29$2.81$2.38$0.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.85$1.93$1.76$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.02$0.68$1.62$1.60$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.04$0.66$1.74$1.73$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.12$0.65$1.59$1.75$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.05$0.81$1.58$1.62$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.92$0.07$0.85$1.62$1.76$0.14
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.07$0.99$1.55$1.70$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.06$1.14$1.67$1.71$0.04