Civic Intelligence

Optimist International

990EZ • Fiscal year 2016 • EIN 81-6012316

Oct 01, 2015 to Sep 30, 2016 • Filed on May 17, 2017

PO Box 462Great Falls, MT 59403

(406) 453-3784

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

24th percentile

-9.5%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Asset Growth

23rd percentile

-12%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

2.9%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Flat

$118,702

Flat from 2016

Net Assets

$118,702

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Flat

$168,738

Flat from 2016

Expenses

Flat

$184,714

Flat from 2016

Net Income

Flat

-$15,976

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $96,298Liabilities 2010: $02010Assets 2011: $127,777Liabilities 2011: $02011Assets 2012: $151,351Liabilities 2012: $0Net Assets 2012: $151,3512012Assets 2013: $139,287Liabilities 2013: $0Net Assets 2013: $139,2872013Assets 2014: $159,765Liabilities 2014: $0Net Assets 2014: $159,7652014Assets 2015: $134,678Liabilities 2015: $0Net Assets 2015: $134,6782015Assets 2016: $118,702Net Assets 2016: $118,7022016Assets 2016: $118,702Liabilities 2016: $02016Assets 2017: $91,264Net Assets 2017: $91,2642017Assets 2018: $55,670Net Assets 2018: $55,6702018Assets 2019: $56,442Net Assets 2019: $56,4422019Assets 2020: $74,110Liabilities 2020: $16,500Net Assets 2020: $57,6102020Assets 2021: $129,347Liabilities 2021: $0Net Assets 2021: $129,3472021Assets 2022: $151,673Liabilities 2022: $0Net Assets 2022: $151,6732022Assets 2023: $149,397Liabilities 2023: $0Net Assets 2023: $149,3972023Assets 2024: $146,769Liabilities 2024: $0Net Assets 2024: $146,7692024

Highlighted filing

2016

Assets$118,702
Liabilities-
Net Assets$118,702

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $150,162Expenses 2010: $146,135Net Income 2010: $4,0272010Revenue 2011: $158,876Expenses 2011: $127,397Net Income 2011: $31,4792011Revenue 2012: $157,589Expenses 2012: $134,015Net Income 2012: $23,5742012Revenue 2013: $174,776Expenses 2013: $186,840Net Income 2013: -$12,0642013Revenue 2014: $170,532Expenses 2014: $150,054Net Income 2014: $20,4782014Revenue 2015: $163,967Expenses 2015: $189,054Net Income 2015: -$25,0872015Revenue 2016: $168,738Expenses 2016: $184,714Net Income 2016: -$15,9762016Revenue 2016: $168,738Expenses 2016: $184,714Net Income 2016: -$15,9762016Revenue 2017: $78,073Expenses 2017: $105,513Net Income 2017: -$27,4402017Revenue 2018: $71,489Expenses 2018: $107,083Net Income 2018: -$35,5942018Revenue 2019: $68,728Expenses 2019: $67,955Net Income 2019: $7732019Revenue 2020: $55,147Expenses 2020: $53,979Net Income 2020: $1,1682020Revenue 2021: $116,562Expenses 2021: $44,825Net Income 2021: $71,7372021Revenue 2022: $90,100Expenses 2022: $67,774Net Income 2022: $22,3262022Revenue 2023: $95,287Expenses 2023: $97,563Net Income 2023: -$2,2762023Revenue 2024: $95,256Expenses 2024: $97,884Net Income 2024: -$2,6282024

Highlighted filing

2016

Revenue$168,738
Expenses$184,714
Net Income-$15,976
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
May 17, 2017
Return Version
2015v3.0
Gross Receipts
$171,127
Mission and Program Overview

Mission

To serve the youth of great falls & central montana.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION'S VOLUNTEERS PERFORM A VARIETY OF SERVICES WITHIN THE COMMUNITY TO HELP THE ORGANIZATION RAISE FUNDS TO SUPPORT YOUTH PROGRAMS IN GREAT FALLS AND CENTRAL MONTANA.-$68,531
THE ORGANIZATION SUPPORTS A LARGE NUMBER OF YOUTH PROGRAMS IN GREAT FALLS, MT AND THE SURROUNDING AREA. THE ORGANIZATION HAS LISTED THE PROGRAMS SUPPORTED AND FUNDS PROVIDED TO EACH ON SCHEDULE O.-$52,575
THE ORGANIZATION OPERATES SEVERAL YOUTH-SUPPORTIVE/ EDUCATIONAL PROGRAMS OF ITS OWN, INCLUDING THE CASCADE TALENT, CHILDHOOD CANCER CAMPAIGN, ORATORICAL PROGRAMS, AND SEVERAL OTHER PROGRAMS.-$34,492
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TRAVIS HARP1st Vice Pre-$0--
LANE LITTLE2nd Vice Pre-$0--
SHANE NEUMANBoard Member-$0--
ERIC CHRISTIANPresident-$0--
JODI MERRYTreasurer-$0--
RACHEL HOUTARISecretary-$0--
GREG FRANCZYKBoard Member-$0--
EV HALLBoard Member-$0--
DALLAS LOPEZBoard Member-$0--
JESSICA MALEKBoard Member-$0--
DANA AUDETBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Optimist International
EIN
81-6012316
Phone
4064533784
Address
PO BOX 462, GREAT FALLS, MT 59403

Signing Officer

Name
Jodi Merry
Title
Treasurer
Phone
4064533784
Signed
2017-05-17

Preparer

Firm
Grabofsky Van Heel & Funderburk Pc
Address
101 RIVER DRIVE N SUITE 100, GREAT FALLS, MT 59401
Preparer
Allen Funderburk CPA
Phone
4067270322
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 428 office 383 awards 2,362 conventions 7,145 district officer support 1,259 dues - oi & district 12,531 dues - other 350 social events 4,584 bank charges & fees 74 uptown optimists foundati 10,000 cascade of talent 7,952 big brothers big sisters 3,000 bike program 607 boys & girls club of casc 15,000 casa-can 1,000 cascade cty relay for lif 500 child cancer campaign 8,548 childrens museum of gf 2,500 eagle mount 500 farmer in the dell gf 1,500 g.f. Babe ruth baseball 900 girl scouts of mt & wy 10,000 great falls asa, inc 250 great fall prerelease ser 500 healthy mothers healthy b 1,500 high school graduation 500 junior golf 924 kids christmas shopping 643 lewis & clark foundation 500 montana shrine golf 125 nmwc 250 octagon youth in govt 743 oratorical 3,375 pet & doll parade 440 potential projects 10,510 quilt supplies 400 robotics club 500 rock'n rollerz 500 rugby club 500 gf soccer program 300 sparkettes 1,000 special olympics 500 spring fling hoop thing 350 warfair 750 other program services ex 68,531 total 184,714

Raw XML Appendix130 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/PersonNm0JODI MERRY
IRS990EZ/BooksInCareOfDetail/PhoneNum04067278183
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 462
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GREAT FALLS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd059403
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0134678
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0118702
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01459
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-15976
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0134678
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0118702
IRS990EZ/FundraisingGrossIncomeAmt011008
IRS990EZ/GrossReceiptsAmt0171127
IRS990EZ/GroupExemptionNum01334
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt014583
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0134678
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0118702
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0134678
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0118702
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt7000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt8000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt9000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TRAVIS HARP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LANE LITTLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SHANE NEUMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ERIC CHRISTIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JODI MERRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RACHEL HOUTARI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6GREG FRANCZYK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7EV HALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8DALLAS LOPEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9JESSICA MALEK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10DANA AUDET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt01ST VICE PRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12ND VICE PRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0184714
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO SERVE THE YOUTH OF GREAT FALLS & CENTRAL MONTANA.
IRS990EZ/ProgramServiceRevenueAmt0144077
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION SUPPORTS A LARGE NUMBER OF YOUTH PROGRAMS IN GREAT FALLS, MT AND THE SURROUNDING AREA. THE ORGANIZATION HAS LISTED THE PROGRAMS SUPPORTED AND FUNDS PROVIDED TO EACH ON SCHEDULE O.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE ORGANIZATION OPERATES SEVERAL YOUTH-SUPPORTIVE/ EDUCATIONAL PROGRAMS OF ITS OWN, INCLUDING THE CASCADE TALENT, CHILDHOOD CANCER CAMPAIGN, ORATORICAL PROGRAMS, AND SEVERAL OTHER PROGRAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2THE ORGANIZATION'S VOLUNTEERS PERFORM A VARIETY OF SERVICES WITHIN THE COMMUNITY TO HELP THE ORGANIZATION RAISE FUNDS TO SUPPORT YOUTH PROGRAMS IN GREAT FALLS AND CENTRAL MONTANA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt052575
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt134492
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt268531
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt02389
IRS990EZ/SpecialEventsNetIncomeLossAmt08619
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0184714
IRS990EZ/TotalProgramServiceExpensesAmt0155598
IRS990EZ/TotalRevenueAmt0168738
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 428 OFFICE 383 AWARDS 2,362 CONVENTIONS 7,145 DISTRICT OFFICER SUPPORT 1,259 DUES - OI & DISTRICT 12,531 DUES - OTHER 350 SOCIAL EVENTS 4,584 BANK CHARGES & FEES 74 UPTOWN OPTIMISTS FOUNDATI 10,000 CASCADE OF TALENT 7,952 BIG BROTHERS BIG SISTERS 3,000 BIKE PROGRAM 607 BOYS & GIRLS CLUB OF CASC 15,000 CASA-CAN 1,000 CASCADE CTY RELAY FOR LIF 500 CHILD CANCER CAMPAIGN 8,548 CHILDRENS MUSEUM OF GF 2,500 EAGLE MOUNT 500 FARMER IN THE DELL GF 1,500 G.F. BABE RUTH BASEBALL 900 GIRL SCOUTS OF MT & WY 10,000 GREAT FALLS ASA, INC 250 GREAT FALL PRERELEASE SER 500 HEALTHY MOTHERS HEALTHY B 1,500 HIGH SCHOOL GRADUATION 500 JUNIOR GOLF 924 KIDS CHRISTMAS SHOPPING 643 LEWIS & CLARK FOUNDATION 500 MONTANA SHRINE GOLF 125 NMWC 250 OCTAGON YOUTH IN GOVT 743 ORATORICAL 3,375 PET & DOLL PARADE 440 POTENTIAL PROJECTS 10,510 QUILT SUPPLIES 400 ROBOTICS CLUB 500 ROCK'N ROLLERZ 500 RUGBY CLUB 500 GF SOCCER PROGRAM 300 SPARKETTES 1,000 SPECIAL OLYMPICS 500 SPRING FLING HOOP THING 350 WARFAIR 750 OTHER PROGRAM SERVICES EX 68,531 TOTAL 184,714
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JODI MERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04064533784
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPTIMIST INTERNATIONAL
ReturnHeader/Filer/BusinessNameControlTxt0OPTI
ReturnHeader/Filer/EIN0816012316
ReturnHeader/Filer/PhoneNum04064533784
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 462
ReturnHeader/Filer/USAddress/CityNm0GREAT FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MT
ReturnHeader/Filer/USAddress/ZIPCd059403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810467674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRABOFSKY VAN HEEL & FUNDERBURK PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 RIVER DRIVE N SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREAT FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd059401
ReturnHeader/PreparerPersonGrp/PhoneNum04067270322
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALLEN FUNDERBURK CPA
ReturnHeader/ReturnTs02017-05-18T10:51:10-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

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.$1.47$0.00$1.47$0.95$0.98$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.00$1.49$0.95$0.98$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.90$0.68$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$1.17$0.45$0.72
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.17$0.58$0.55$0.54$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.56$0.69$0.68$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.56$0.71$1.07$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.91$0.78$1.06$0.27
2016Detailed filing. Detailed filing data is available for this year.$1.19$1.19$1.69$1.85$0.16
2016Summary only. Only limited summary data is available for this year.$1.19$0.00$1.69$1.85$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$1.64$1.89$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$1.71$1.50$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$1.75$1.87$0.12
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.00$1.51$1.58$1.34$0.24
2011Summary only. Only limited summary data is available for this year.$1.28$0.00$1.59$1.27$0.31
2010Summary only. Only limited summary data is available for this year.$0.96$0.00$1.50$1.46$0.04