Civic Intelligence

Les Passees Inc.

990 • Fiscal year 2017 • EIN 62-6036378

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 21, 2018

5489 Murray AvenueMemphis, TN 38119

(901) 761-5525

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.20x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

64th percentile

8.3%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,024,896

Up $78,921 (+8.3%) from 2016

Net Assets

Up

$966,798

Up $73,200 (+8.2%) from 2016

Liabilities

Up

$58,098

Up $5,721 (+11%) from 2016

Revenue

Up

$289,881

Up $70,406 (+32%) from 2016

Expenses

Down

$216,681

Down $2,062 (-0.9%) from 2016

Net Income

Up

$73,200

Up $72,468 (+9900%) 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 2010: $894,677Liabilities 2010: $94,934Net Assets 2010: $799,7432010Assets 2011: $797,932Liabilities 2011: $39,042Net Assets 2011: $758,8902011Assets 2012: $813,106Liabilities 2012: $49,224Net Assets 2012: $763,8822012Assets 2013: $891,747Liabilities 2013: $58,293Net Assets 2013: $833,4542013Assets 2014: $930,325Liabilities 2014: $56,437Net Assets 2014: $873,8882014Assets 2015: $976,768Liabilities 2015: $83,902Net Assets 2015: $892,8662015Assets 2016: $945,975Liabilities 2016: $52,377Net Assets 2016: $893,5982016Assets 2017: $1,024,896Liabilities 2017: $58,098Net Assets 2017: $966,7982017Assets 2018: $1,033,668Liabilities 2018: $50,249Net Assets 2018: $983,4192018Assets 2019: $1,144,661Liabilities 2019: $68,113Net Assets 2019: $1,076,5482019Assets 2020: $1,011,691Liabilities 2020: $12,710Net Assets 2020: $998,9812020Assets 2021: $1,084,516Liabilities 2021: $0Net Assets 2021: $1,084,5162021Assets 2022: $1,022,776Liabilities 2022: $0Net Assets 2022: $1,022,7762022Assets 2023: $1,243,906Liabilities 2023: $0Net Assets 2023: $1,243,9062023Assets 2024: $1,332,685Liabilities 2024: $3,018Net Assets 2024: $1,329,6672024

Highlighted filing

2017

Assets$1,024,896
Liabilities$58,098
Net Assets$966,798

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $284,469Expenses 2010: $264,687Net Income 2010: $19,7822010Revenue 2011: $202,677Expenses 2011: $243,530Net Income 2011: -$40,8532011Revenue 2012: $256,822Expenses 2012: $251,830Net Income 2012: $4,9922012Revenue 2013: $292,584Expenses 2013: $223,011Net Income 2013: $69,5732013Revenue 2014: $250,465Expenses 2014: $210,031Net Income 2014: $40,4342014Revenue 2015: $245,355Expenses 2015: $226,377Net Income 2015: $18,9782015Revenue 2016: $219,475Expenses 2016: $218,743Net Income 2016: $7322016Revenue 2017: $289,881Expenses 2017: $216,681Net Income 2017: $73,2002017Revenue 2018: $234,588Expenses 2018: $217,967Net Income 2018: $16,6212018Revenue 2019: $298,204Expenses 2019: $205,075Net Income 2019: $93,1292019Revenue 2020: $113,504Expenses 2020: $191,071Net Income 2020: -$77,5672020Revenue 2021: $250,238Expenses 2021: $164,703Net Income 2021: $85,5352021Revenue 2022: $211,429Expenses 2022: $273,169Net Income 2022: -$61,7402022Revenue 2023: $431,512Expenses 2023: $210,382Net Income 2023: $221,1302023Revenue 2024: $338,233Expenses 2024: $252,472Net Income 2024: $85,7612024

Highlighted filing

2017

Revenue$289,881
Expenses$216,681
Net Income$73,200
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 21, 2018
Return Version
2017v2.3
Gross Receipts
$840,060
Mission and Program Overview

Mission

To raise funds in order to provide support for various local charities.

To provide advocacy and support to enhance the quality of life for children and their families in our community through financial support to various local charities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$318,389$405,910▲ $87,521
Land, Buildings, and Equipment, Net$357,692$343,439▼ $14,253
Investments in Publicly Traded Securities$268,344$275,547▲ $7,203
Inventories for Sale or Use$1,550--
Total Assets$945,975$1,024,896▲ $78,921
Liabilities
Other Liabilities$52,377$58,098▲ $5,721
Total Liabilities$52,377$58,098▲ $5,721
Net Assets / Fund Balance
Unrestricted Net Assets$893,598$966,798▲ $73,200
Total Net Assets Fund Balance$893,598$966,798▲ $73,200
Total Liabilities and Net Assets / Fund Balance$945,975$1,024,896▲ $78,921

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$220,127$72,394$292,521
Land$109,300-$109,300
Other Land Buildings$11,924$80,711$92,635
Equipment$2,088$29,739$31,827
Compensation and Service Providers

Board Members and Trustees

NameTitle
Judy AshbyPresident
Suzanne OliphantPresident El
Julia PanagonCorrespondin
Judy JonesEx-officio
Cindi LedgerLes Passees
Norann McmanusLes Petites
Annie TaylorMembership C
Bobbi VancleveParliamentar
Diane MaysRecording Se
Elizabeth Rodriquez-chapmanTreasurer
Cindy HawthorneVice-treasur
Revenue and Support

Revenue Composition

Contributions and Grants
$36,961
Program Service Revenue
$28,347
Investment Income
$23,698
Other Revenue
$200,875
All Other Contributions
$9,385
Change in Net Assets
$73,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,986
Salaries, Compensation, and Employee Benefits$77,695
Grants and Similar Amounts Paid$50,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$44,671$27,503-$72,174
Grants to Domestic Orgs$50,000--$50,000
Insurance-$19,930-$19,930
Depreciation Depletion$763$13,700-$14,463
Fees for Services Accounting-$11,180-$11,180
All Other Expenses$1,776$7,715-$9,491
Office Expenses$61$7,680-$7,741
Payroll Taxes$3,417$2,104-$5,521
Other Expenses$359$3,009-$3,368
Advertising-$350-$350
Total Functional Expenses$103,045$113,636$0$216,681
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harwood Center IncMemphis, TN501(c)-$50,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$750,054
Fundraising Direct Expenses$550,179
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$750,054$750,054$532,532$217,522
Total Events$750,054$750,054$550,179$199,875
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$58,098
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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, Page 6, Part VI, Line 6

The organization has members that pay dues and volunteer their time in support of charitable activities.

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Les Passees Inc
EIN
62-6036378
Phone
9017615525
Address
5489 MURRAY AVENUE, MEMPHIS, TN 38119

Signing Officer

Name
Elizabeth Rodriquez-chapman
Title
Treasurer
Phone
9017615525
Signed
2018-10-21

Organization Details

Principal Officer
Judy Ashby
Voting Board Members
11
Independent Board Members
11
Employees
8

Preparer

Firm
Fleet Firm
Address
759 TEALWOOD LN, CORDOVA, TN 38018-6334
Preparer
Nelson K Fleet CPA
Phone
9013364602
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT EL
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IRS990/Form990PartVIISectionAGrp/TitleTxt8LES PASSEES
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05420
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012372
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08107
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0791761
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0791761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011338
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05420
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012372
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044275
IRS990ScheduleA/InvestmentIncomeCYPct00.04000
IRS990ScheduleA/InvestmentIncomePYPct00.15000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95800
IRS990ScheduleA/PublicSupportPY509Pct00.84330
IRS990ScheduleA/PublicSupportTotal509Amt01010210
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0828722
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt051415
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt062028
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt033372
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt034673
IRS990ScheduleA/Total509Grp/TotalAmt01010210
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0840060
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt056835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt069066
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt045744
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt042780
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01054485
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0220127
IRS990ScheduleD/BuildingsGrp/DepreciationAmt072394
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0292521
IRS990ScheduleD/EquipmentGrp/BookValueAmt02088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029739
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031827
IRS990ScheduleD/LandGrp/BookValueAmt0109300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0109300
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011924
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt080711
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt092635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0343439
IRS990ScheduleD/TotalLiabilityAmt058098
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0550179
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt04250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt04250
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013397
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013397
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0750054
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0750054
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0750054
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0750054
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0199875
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0532532
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0532532
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HARWOOD CENTER INC
IRS990ScheduleI/RecipientTable/RecipientEIN0621104419
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0711 JEFFERSON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038105
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DISCUSSIONS WITH MANAGEMENT OF DONEE AND REVIEW OF FINANCIAL INFORMATION MADE AVAILABLE ON GUIDESTAR EACH YEAR, WHICH INCLUDES FORM 990 SUBMITTED BY THE DONEE. THERE HAVE BEEN RECEIPTS OF VARIOUS DONEE FINANCIAL INFOMRATION WHICH INCLUDES MONTHLY BUDGET INFORMATION. THE DONEE IS A UNITED WAY FUNDED AGENCY AND HAS ALSO RECEIVED SUBSTANTIAL DONATIONS FROM OTHER LOCAL CHARITIES AND ORGANIZATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS THAT PAY DUES AND VOLUNTEER THEIR TIME IN SUPPORT OF CHARITABLE ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0945975
IRS990/TotalAssetsEOYAmt01024896
IRS990/TotalAssetsGrp/BOYAmt0945975
IRS990/TotalAssetsGrp/EOYAmt01024896
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt036961
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113636
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0103045
IRS990/TotalFunctionalExpensesGrp/TotalAmt0216681
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052377
IRS990/TotalLiabilitiesEOYAmt058098
IRS990/TotalLiabilitiesGrp/BOYAmt052377
IRS990/TotalLiabilitiesGrp/EOYAmt058098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0893598
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0966798
IRS990/TotalProgramServiceExpensesAmt0103045
IRS990/TotalProgramServiceRevenueAmt028347
IRS990/TotalRevenueGrp/ExclusionAmt011338
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt041707
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0289881
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0945975
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01024896
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0893598
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0966798
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05489 MURRAY
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038119
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0LPMEMPHIS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH RODRIQUEZ-CHAPMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09017615525
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LES PASSEES INC
ReturnHeader/Filer/BusinessNameControlTxt0LESP
ReturnHeader/Filer/EIN0626036378
ReturnHeader/Filer/PhoneNum09017615525

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.34$0.25$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.43$0.21$0.22
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.21$0.27$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.25$0.16$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.01$1.00$0.11$0.19$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.14$0.07$1.08$0.30$0.21$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.03$0.05$0.98$0.23$0.22$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.02$0.06$0.97$0.29$0.22$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.05$0.89$0.22$0.22$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.98$0.08$0.89$0.25$0.23$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.93$0.06$0.87$0.25$0.21$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.89$0.06$0.83$0.29$0.22$0.07
2012Summary only. Only limited summary data is available for this year.$0.81$0.05$0.76$0.26$0.25$0.00
2011Summary only. Only limited summary data is available for this year.$0.80$0.04$0.76$0.20$0.24$0.04
2010Summary only. Only limited summary data is available for this year.$0.89$0.09$0.80$0.28$0.26$0.02