Civic Intelligence

Project Hope of Columbus

990 • Fiscal year 2022 • EIN 81-0534238

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 08, 2023

PO Box 1443Columbus, MT 59019

(406) 322-8537

Siviq Scores

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

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

50th percentile

0.02x

Higher debt load relative to revenue than 50% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

75th percentile

24%

Higher net margin than 75% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$26,400

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

17%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$601,702

Up $59,604 (+11%) from 2021

Net Assets

Up

$595,489

Up $67,446 (+13%) from 2021

Liabilities

Down

$6,213

Down $7,842 (-56%) from 2021

Revenue

Up

$277,522

Up $40,390 (+17%) from 2021

Expenses

Up

$210,076

Up $1,613 (+0.8%) from 2021

Net Income

Up

$67,446

Up $38,777 (+135%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $188,869Liabilities 2010: $89,1582010Assets 2011: $199,147Liabilities 2011: $85,327Net Assets 2011: $113,8202011Assets 2012: $200,475Liabilities 2012: $78,769Net Assets 2012: $121,7062012Assets 2013: $214,387Liabilities 2013: $73,180Net Assets 2013: $141,2072013Assets 2014: $291,019Liabilities 2014: $66,668Net Assets 2014: $224,3512014Assets 2015: $301,602Liabilities 2015: $59,101Net Assets 2015: $242,5012015Assets 2016: $654,641Liabilities 2016: $52,683Net Assets 2016: $601,9582016Assets 2017: $634,091Liabilities 2017: $44,696Net Assets 2017: $589,3952017Assets 2018: $653,055Liabilities 2018: $38,895Net Assets 2018: $614,1602018Assets 2019: $651,171Liabilities 2019: $31,527Net Assets 2019: $619,6442019Assets 2020: $523,612Liabilities 2020: $23,890Net Assets 2020: $499,7222020Assets 2021: $542,098Liabilities 2021: $14,055Net Assets 2021: $528,0432021Assets 2022: $601,702Liabilities 2022: $6,213Net Assets 2022: $595,4892022Assets 2023: $601,596Liabilities 2023: $1,395Net Assets 2023: $600,2012023Assets 2024: $573,960Liabilities 2024: $0Net Assets 2024: $573,9602024

Highlighted filing

2022

Assets$601,702
Liabilities$6,213
Net Assets$595,489

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $104,506Expenses 2010: $100,383Net Income 2010: $4,1232010Revenue 2011: $129,338Expenses 2011: $115,229Net Income 2011: $14,1092011Revenue 2012: $135,056Expenses 2012: $127,170Net Income 2012: $7,8862012Revenue 2013: $154,814Expenses 2013: $135,313Net Income 2013: $19,5012013Revenue 2014: $199,666Expenses 2014: $116,522Net Income 2014: $83,1442014Revenue 2015: $186,760Expenses 2015: $168,610Net Income 2015: $18,1502015Revenue 2016: $530,689Expenses 2016: $171,232Net Income 2016: $359,4572016Revenue 2017: $169,487Expenses 2017: $171,503Net Income 2017: -$2,0162017Revenue 2018: $201,661Expenses 2018: $183,005Net Income 2018: $18,6562018Revenue 2019: $194,447Expenses 2019: $184,543Net Income 2019: $9,9042019Revenue 2020: $65,213Expenses 2020: $159,736Net Income 2020: -$94,5232020Revenue 2021: $237,132Expenses 2021: $208,463Net Income 2021: $28,6692021Revenue 2022: $277,522Expenses 2022: $210,076Net Income 2022: $67,4462022Revenue 2023: $248,418Expenses 2023: $243,029Net Income 2023: $5,3892023Revenue 2024: $210,930Expenses 2024: $237,171Net Income 2024: -$26,2412024

Highlighted filing

2022

Revenue$277,522
Expenses$210,076
Net Income$67,446
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 8, 2023
Return Version
2022v4.1
Gross Receipts
$330,836
Mission and Program Overview

Mission

To provide food, clothing and emergency financial assistance to county residents in need

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$528,043$595,489▲ $67,446
Cash and Non-Interest-Bearing Accounts$406,079$473,460▲ $67,381
Land, Buildings, and Equipment, Net$135,418$127,683▼ $7,735
Intangible Assets$601$559▼ $42
Total Assets$542,098$601,702▲ $59,604
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,660$4,818▼ $7,842
Accounts Payable and Accrued Expenses$1,395$1,395→ $0
Total Liabilities$14,055$6,213▼ $7,842
Net Assets / Fund Balance
Total Net Assets Fund Balance$528,043$595,489▲ $67,446
Total Liabilities and Net Assets / Fund Balance$542,098$601,702▲ $59,604

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$76,541$69,513$146,054
Leasehold Improvements$40,292$40,309$80,601
Equipment$850$10,588$11,438
Land$10,000-$10,000
Other Land Buildings-$6,320$6,320

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$4,831---$4,831
2021$4,831---$4,831
2020$4,831---$4,831
2019$4,831---$4,831
2018$4,619-▲ $212-$4,831
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lara StricklandExecutive DirectorFT$13,200$13,200$26,400
Rae Ellen StricklandVolunteer CoordinatorFT$21,120-$21,120

Board Members and Trustees

NameTitle
Randy AllenPresident
Chris ClarkDirector
Corey AdamsDirector
Kathy CurrieDirector
Peggy JokiDirector
Sue GeraghtyDirector
Tonia Fisher-ClarkDirector
Charlotte VanoostenTreasurer
Amy SjostromVP Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$261,015
Program Service Revenue
$0
Investment Income
$463
Other Revenue
$16,044
All Other Contributions
$249,715
Change in Net Assets
$67,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,000
Salaries, Compensation, and Employee Benefits$64,076
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$34,320--$34,320
Other Salaries and Wages$24,957--$24,957
All Other Expenses$14,487--$14,487
Depreciation Depletion$7,777--$7,777
Other Expenses$5,005--$5,005
Insurance$4,813--$4,813
Payroll Taxes$4,799--$4,799
Fees for Services Other$1,365--$1,365
Advertising$850--$850
Office Expenses$730--$730
Fees for Services Accounting$663--$663
Total Functional Expenses$210,076$0$0$210,076
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Federal income taxes-
Misc-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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 A, Line 2

Board member and thrift store manager is the mother of the Executive Director

Form 990, Part VI, Section B, Line 11B

A copy of the return will be reviewed by the Executive Director and provided to the rest of the board after filing.

Form 990, Part VI, Section C, Line 19

The organization will provide required documents to the public upon request

Filing and Contact Details

Filer

Filer Name
Project Hope
EIN
81-0534238
Phone
4063228537
Address
PO Box 1443, Columbus, MT 59019

Signing Officer

Name
Lara Strickland
Title
Exec Director
Phone
4063228537
Signed
2023-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lara Strickland
Formed
2003
Legal Domicile
Mt
Voting Board Members
12
Independent Board Members
12
Employees
6

Preparer

Firm
Pulse Accounting Services Inc
Address
PO Box 1326, Columbus, MT 59019
Preparer
Roberta J Pulse
Phone
4063221133
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Section A, Line 8

RBC Wealth Management investment booked.

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt04799
IRS990/PayrollTaxesGrp/TotalAmt04799
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Lara Strickland
IRS990/ProfessionalFundraisingInd0true
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0172649
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0156
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0106297
IRS990/PYOtherRevenueAmt064327
IRS990/PYRevenuesLessExpensesAmt028669
IRS990/PYSalariesCompEmpBnftPaidAmt0102166
IRS990/PYTotalExpensesAmt0208463
IRS990/PYTotalRevenueAmt0237132
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt067446
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt011319
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0528043
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0595489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0236765
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0155792
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0136259
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0127265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0139298
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0795379
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0171
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0212
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0383
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt024713
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt018647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt018471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt019819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt017651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt099301
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt069358
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt071284
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt063606
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt065206
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt060415
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0329869
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0383
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt01224549
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0330836
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0245723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0218336
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0212290
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0217364
IRS990ScheduleA/Total509Grp/TotalAmt01224549
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0330836
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0245723
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0218507
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0212290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0217576
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01224932
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/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt076541
IRS990ScheduleD/BuildingsGrp/DepreciationAmt069513
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0146054
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04831
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04831
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04831
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04831
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04831
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04831
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04831
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04831
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04619
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04831
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0212
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0850
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010588
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011438
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt040292
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040309
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt080601
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06320
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Misc
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0127683
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board member and thrift store manager is the mother of the Executive Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the return will be reviewed by the Executive Director and provided to the rest of the board after filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization will provide required documents to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RBC Wealth Management investment booked.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Section A, Line 8
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.74$0.00$5.74$2.11$2.37$0.26
2023Detailed filing. Detailed filing data is available for this year.$6.02$0.01$6.00$2.48$2.43$0.05
2022Detailed filing. Detailed filing data is available for this year.$6.02$0.06$5.95$2.78$2.10$0.67
2021Detailed filing. Detailed filing data is available for this year.$5.42$0.14$5.28$2.37$2.08$0.29
2020Detailed filing. Detailed filing data is available for this year.$5.24$0.24$5.00$0.65$1.60$0.95
2019Detailed filing. Detailed filing data is available for this year.$6.51$0.32$6.20$1.94$1.85$0.10
2018Detailed filing. Detailed filing data is available for this year.$6.53$0.39$6.14$2.02$1.83$0.19
2017Detailed filing. Detailed filing data is available for this year.$6.34$0.45$5.89$1.69$1.72$0.02
2016Detailed filing. Detailed filing data is available for this year.$6.55$0.53$6.02$5.31$1.71$3.59
2015Detailed filing. Detailed filing data is available for this year.$3.02$0.59$2.43$1.87$1.69$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.91$0.67$2.24$2.00$1.17$0.83
2013Detailed filing. Detailed filing data is available for this year.$2.14$0.73$1.41$1.55$1.35$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.79$1.22$1.35$1.27$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.85$1.14$1.29$1.15$0.14
2010Summary only. Only limited summary data is available for this year.$1.89$0.89$1.05$1.00$0.04