Civic Intelligence

Sailfish Point Foundation Inc.

990 • Fiscal year 2014 • EIN 65-0978271

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 04, 2014

2201 SE Sailfish Point Blvd34995-1107

(772) 225-1000

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

140%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$719,716

Up $72,473 (+11%) from 2013

Net Assets

Up

$719,716

Up $72,473 (+11%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$287,981

Up $167,963 (+140%) from 2013

Expenses

Up

$215,508

Up $102,324 (+90%) from 2013

Net Income

Up

$72,473

Up $65,639 (+960%) from 2013

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$0Assets 2010: $394,538Liabilities 2010: $0Net Assets 2010: $394,5382010Assets 2011: $472,429Liabilities 2011: $0Net Assets 2011: $472,4292011Assets 2012: $640,409Liabilities 2012: $0Net Assets 2012: $640,4092012Assets 2013: $647,243Liabilities 2013: $0Net Assets 2013: $647,2432013Assets 2014: $719,716Liabilities 2014: $0Net Assets 2014: $719,7162014Assets 2015: $817,289Liabilities 2015: $0Net Assets 2015: $817,2892015Assets 2016: $919,481Liabilities 2016: $0Net Assets 2016: $919,4812016Assets 2017: $1,079,364Liabilities 2017: $30,000Net Assets 2017: $1,049,3642017Assets 2018: $1,141,573Liabilities 2018: $30,000Net Assets 2018: $1,111,5732018Assets 2019: $1,026,043Liabilities 2019: $761Net Assets 2019: $1,025,2822019Assets 2020: $957,944Liabilities 2020: $32,105Net Assets 2020: $925,8392020Assets 2021: $1,307,456Liabilities 2021: $294,032Net Assets 2021: $1,013,4242021Assets 2022: $1,494,177Liabilities 2022: $370,491Net Assets 2022: $1,123,6862022Assets 2023: $1,621,321Liabilities 2023: $369,319Net Assets 2023: $1,252,0022023Assets 2024: $1,496,496Liabilities 2024: $26,641Net Assets 2024: $1,469,8552024Assets 2025: $2,051,099Liabilities 2025: $454,469Net Assets 2025: $1,596,6302025

Highlighted filing

2014

Assets$719,716
Liabilities$0
Net Assets$719,716

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $318,6162010Expenses 2011: $230,7652011Revenue 2012: $335,062Expenses 2012: $167,082Net Income 2012: $167,9802012Revenue 2013: $120,018Expenses 2013: $113,184Net Income 2013: $6,8342013Revenue 2014: $287,981Expenses 2014: $215,508Net Income 2014: $72,4732014Revenue 2015: $367,503Expenses 2015: $269,930Net Income 2015: $97,5732015Revenue 2016: $422,944Expenses 2016: $320,752Net Income 2016: $102,1922016Revenue 2017: $475,184Expenses 2017: $345,301Net Income 2017: $129,8832017Revenue 2018: $505,864Expenses 2018: $443,655Net Income 2018: $62,2092018Revenue 2019: $467,342Expenses 2019: $553,633Net Income 2019: -$86,2912019Revenue 2020: $529,768Expenses 2020: $622,639Net Income 2020: -$92,8712020Revenue 2021: $535,122Expenses 2021: $438,923Net Income 2021: $96,1992021Revenue 2022: $625,504Expenses 2022: $497,581Net Income 2022: $127,9232022Revenue 2023: $646,189Expenses 2023: $516,514Net Income 2023: $129,6752023Revenue 2024: $729,682Expenses 2024: $510,513Net Income 2024: $219,1692024Revenue 2025: $761,538Expenses 2025: $625,602Net Income 2025: $135,9362025

Highlighted filing

2014

Revenue$287,981
Expenses$215,508
Net Income$72,473
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 4, 2014
Return Version
2013v3.0
Gross Receipts
$383,856
Mission and Program Overview

Mission

To provide financial support for the needy children and adult residents of martin county, florida and employees of sailfish point poa so as to enable them to enjoy more sucessful and happy lives. Such support shall include, but not be limited to, supporting the attainment of a formal education for such individuals.

To provide financial support for the needy children and adult residents of Martin County, Florida and employees of Sailfish Point POA so as to enable them to enjoy more successful and happy lives. Such support shall include, but not be limited to, supporting the attainment of a formal education for such individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$542,993$467,366▼ $75,627
Savings and Temporary Cash Investments$100,000$250,000▲ $150,000
Prepaid Expenses and Deferred Charges$3,750--
Accounts Receivable$500$2,350▲ $1,850
Total Assets$647,243$719,716▲ $72,473
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$647,243$719,716▲ $72,473
Total Net Assets Fund Balance$647,243$719,716▲ $72,473
Total Liabilities and Net Assets / Fund Balance$647,243$719,716▲ $72,473
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$304,528
Program Service Revenue
$0
Investment Income
$173
Other Revenue
$-16,720
All Other Contributions
$197,350
Change in Net Assets
$72,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$194,649
Other Expenses$20,859
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$142,649--$142,649
Grants to Domestic Orgs$52,000--$52,000
Fees for Services Accounting-$14,550-$14,550
Office Expenses-$5,480-$5,480
Other Expenses-$62-$62
Conferences and Meetings-$35-$35
Total Functional Expenses$194,649$20,859$0$215,508
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
59-1105591--President Challenge/Take Stock in Children$27,000
59-2001615--Scholarships$15,000
59-2343938--Nursing Scholarships$5,000
65-1104141--High School Sailing$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$95,875
Fundraising Gross Income$78,260
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$185,438$78,260$51,751$26,509
Total Events$185,438$78,260$95,875$-17,615
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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, Part VI, Section B, line 11

The Organization's policy is for the Treasurer to review Form 990 and all schedules and report to the Board of Directors after filing the form.

Form 990, Part VI, Section C, line 19

Governing documents and Form 990 are available to the public upon request.

Filing and Contact Details

Filer

EIN
65-0978271
Phone
7722251000

Signing Officer

Name
Mary Elizabeth Backof Bayersdorfer
Title
Treasurer
Phone
7722251000
Signed
2014-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Louise Price Preside
Formed
1999
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Preparer
Carroll Lynn Blackard
Phone
7722837444
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0588663
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0304528
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0134265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0383078
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0303251
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0269440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01394562
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0173
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0142
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0421
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0636
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt078260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt032786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt017531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt015168
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0143745
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0173
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0142
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0636
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01722
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00410
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.61660
IRS990ScheduleA/PublicSupportPY509Pct00.51560
IRS990ScheduleA/PublicSupportTotal509Amt0949644
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt090300
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt027250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0118850
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0170051
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0182212
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0588663
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0382788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0134265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0415864
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0320782
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0284608
IRS990ScheduleA/Total509Grp/TotalAmt01538307
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0382961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0134407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0416214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0321203
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0285244
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01540029
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0107178
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0107178
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt095875
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt037047
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt037047
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0185438
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0185438
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt078260
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt078260
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0Auction-White House Event
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-17615
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt07077
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt07077
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt051751
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt051751
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1625
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2625
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt35000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt41250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt59375
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt61250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt78472
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt81250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt96771
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt10625
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1127708
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt122500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt135000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt14750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt151250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt161250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt171250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt181500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt191250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt201250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt215000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt221250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt231250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt241250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2517396
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2626302
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt271250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt28625
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt296250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt301250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt31625
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarship to attend American University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Scholarship to attend Clemson University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Scholarship to attend Duke University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3Scholarship to attend Eckerd College
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4Scholarship to attend Embry Riddle University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5Scholarship to attend Flagler College
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6Scholarship to attend Florida Atlantic College
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt7Scholarship to attend Florida Atlantic University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt8Scholarship to attend Florida Gulf Coast University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt9Scholarship to attend Florida State University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt10Scholarship to attend Hofstra University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt11Scholarship to attend Indian River State College
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt12Scholarship to attend Kaiser University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt13Scholarship to attend LaGrange College

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.05$0.45$1.60$0.76$0.63$0.14
2024Detailed filing. Detailed filing data is available for this year.$1.50$0.03$1.47$0.73$0.51$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.37$1.25$0.65$0.52$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.49$0.37$1.12$0.63$0.50$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.31$0.29$1.01$0.54$0.44$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.96$0.03$0.93$0.53$0.62$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.47$0.55$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.03$1.11$0.51$0.44$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.03$1.05$0.48$0.35$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.42$0.32$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.37$0.27$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.29$0.22$0.07
2013Summary only. Only limited summary data is available for this year.$0.65$0.00$0.65$0.12$0.11$0.01
2012Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.34$0.17$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$0.32