Civic Intelligence

Kremmling Preschool

990EZ • Fiscal year 2019 • EIN 84-0644799

Jun 01, 2018 to May 31, 2019 • Filed on Sep 12, 2019

Organization ProfileN/A
PO Box 636Kremmling, CO 80459

(970) 724-9483

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 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$40,651

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

56th percentile

5.4%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$421,067

Up $21,478 (+5.4%) from 2018

Net Assets

Up

$421,067

Up $21,478 (+5.4%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin64th percentile

Revenue

Up

$196,682

Up $22,426 (+13%) from 2018

Expenses

Down

$175,204

Down $2,999 (-1.7%) from 2018

Net Income

Up

$21,478

Up $25,425 (+644%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$600K$400K$200K$0Assets 2012: $338,729Liabilities 2012: $0Net Assets 2012: $338,7292012Assets 2013: $334,900Net Assets 2013: $334,9002013Assets 2014: $384,624Liabilities 2014: $0Net Assets 2014: $384,6242014Assets 2015: $421,977Net Assets 2015: $421,9772015Assets 2016: $407,649Net Assets 2016: $407,6492016Assets 2017: $403,536Net Assets 2017: $403,5362017Assets 2018: $399,589Net Assets 2018: $399,5892018Assets 2019: $421,067Net Assets 2019: $421,0672019Assets 2020: $432,947Net Assets 2020: $432,9472020Assets 2021: $409,286Net Assets 2021: $409,2862021Assets 2022: $436,442Liabilities 2022: $0Net Assets 2022: $436,4422022Assets 2023: $437,009Liabilities 2023: $0Net Assets 2023: $437,0092023Assets 2024: $466,625Liabilities 2024: $0Net Assets 2024: $466,6252024Assets 2025: $527,109Liabilities 2025: $0Net Assets 2025: $527,1092025

Highlighted filing

2019

Assets$421,067
Liabilities-
Net Assets$421,067
Open 2019 Filing

Operations Trend

Revenue Growth66th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $206,163Expenses 2012: $169,283Net Income 2012: $36,8802012Revenue 2013: $165,161Expenses 2013: $168,990Net Income 2013: -$3,8292013Revenue 2014: $204,498Expenses 2014: $154,774Net Income 2014: $49,7242014Revenue 2015: $195,383Expenses 2015: $158,030Net Income 2015: $37,3532015Revenue 2016: $181,580Expenses 2016: $195,908Net Income 2016: -$14,3282016Revenue 2017: $178,752Expenses 2017: $182,865Net Income 2017: -$4,1132017Revenue 2018: $174,256Expenses 2018: $178,203Net Income 2018: -$3,9472018Revenue 2019: $196,682Expenses 2019: $175,204Net Income 2019: $21,4782019Revenue 2020: $192,522Expenses 2020: $180,642Net Income 2020: $11,8802020Revenue 2021: $185,782Expenses 2021: $209,443Net Income 2021: -$23,6612021Revenue 2022: $257,767Expenses 2022: $230,611Net Income 2022: $27,1562022Revenue 2023: $238,182Expenses 2023: $237,615Net Income 2023: $5672023Revenue 2024: $309,955Expenses 2024: $280,339Net Income 2024: $29,6162024Revenue 2025: $331,179Expenses 2025: $270,695Net Income 2025: $60,4842025

Highlighted filing

2019

Revenue$196,682
Expenses$175,204
Net Income$21,478
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Sep 12, 2019
Return Version
2018v3.1
Gross Receipts
$196,682
Mission and Program Overview

Mission

Providing preschool education

Program Services

DescriptionGrantsExpenses
EXPENSES IN CONNECTION WITH OPERATION OF A PRESCHOOL TO PROVIDE QUALITY PRESCHOOL EDUCATION TO 3 AND 4 YEAR OLDS IN THE KREMMLING, COLORADO REGION.$171,404$128,797
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHELE DESANTISchool DirectorFT$40,651-$40,651
CRYSTAL RATCLIFFPresidentPT$0--
KELLY VRBASTreasurerPT$0--
LAUREN BRUCHEZSecretary-$0--
TONYA BAGLEYFundraising-$0--
Filing and Contact Details

Filer

Filer Name
Kremmling Preschool
EIN
84-0644799
Phone
9707249483
Address
PO BOX 636, KREMMLING, CO 80459

Signing Officer

Name
Kelly Vrbas
Title
Treasurer
Signed
2019-09-12
Discuss with paid preparer
Yes

Preparer

Firm
John a Hammerland Jr CPA Pc
Address
10881 W Asbury Ave Ste 235, Lakewood, CO 80227
Preparer
John a Hammerland Jr CPA
Phone
3039881121
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Incidental rental income $10200”

Other Revenue.2

“FUND DRIVES $9431”

Other Revenue.3

“Miscellaneous income $586”

Other Expenses.1001

“Advertising and Promotion $986”

Other Expenses.1002

“Office Expenses $2155”

Other Expenses.1003

“Information Technology $480”

Other Expenses.1005

“Travel $32”

Other Expenses.1

“SUPPLIES $5338”

Other Expenses.2

“CURRICULUM COSTS $3659”

Other Expenses.3

“Liability insurance $3468”

Other Expenses.4

“Workers comp insurance $1369”

Other Expenses.5

“Dues & subscriptions $1219”

Other Expenses.6

“Cost of fund raising events $1192”

Other Expenses.7

“CONTRACT SERVICES $870”

Other Expenses.9

“LICENSE & PERMITS $488”

Raw XML Appendix171 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/PersonNm0KELLY VRBAS
IRS990EZ/BooksInCareOfDetail/PhoneNum09707249483
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 636
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0KREMMLING
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0804590636
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0399589
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0421067
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0133973
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt021478
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02608
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0399589
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0421067
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0196682
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt01109
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0399589
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0421067
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0399589
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0421067
IRS990EZ/OccupancyRentUtltsAndMaintAmt013543
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt440.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt440651
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CRYSTAL RATCLIFF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KELLY VRBAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LAUREN BRUCHEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TONYA BAGLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MICHELE DESANTI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Fundraising
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SCHOOL DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt021256
IRS990EZ/OtherRevenueTotalAmt020217
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDING PRESCHOOL EDUCATION
IRS990EZ/PrintingPublicationsPostageAmt0575
IRS990EZ/ProgramServiceRevenueAmt041383
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EXPENSES IN CONNECTION WITH OPERATION OF A PRESCHOOL TO PROVIDE QUALITY PRESCHOOL EDUCATION TO 3 AND 4 YEAR OLDS IN THE KREMMLING, COLORADO REGION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0171404
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0128797
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0137222
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0175204
IRS990EZ/TotalProgramServiceExpensesAmt0171404
IRS990EZ/TotalRevenueAmt0196682
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A MEDIA SOLICITATION PROGRAM. REGISTRATION MATERIALS DESCRIBE THE SCHOOL'S NONDISCRIMINATORY POLICY OF ACCEPTING CHILDREN OF ALL RACES, CREEDS AND COLORS FOR ENROLLMENT AT THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES GRANTS FROM A LOCAL SCHOOL TO ASSIST IN PROVIDING PRESCHOOL EDUCATION SERVICES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCIDENTAL RENTAL INCOME $10200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FUND DRIVES $9431
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISCELLANEOUS INCOME $586
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Advertising and Promotion $986
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Office Expenses $2155
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Information Technology $480
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Travel $32
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES $5338
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CURRICULUM COSTS $3659
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9LIABILITY INSURANCE $3468
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10WORKERS COMP INSURANCE $1369
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DUES & SUBSCRIPTIONS $1219
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12COST OF FUND RAISING EVENTS $1192
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13CONTRACT SERVICES $870
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14LICENSE & PERMITS $488
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Revenue.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Revenue.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Other Expenses.9
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY VRBAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KREMMLING PRESCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0KREM
ReturnHeader/Filer/EIN0840644799
ReturnHeader/Filer/PhoneNum09707249483
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 636
ReturnHeader/Filer/USAddress/CityNm0KREMMLING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080459
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0840773065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN A HAMMERLAND JR CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010881 W Asbury Ave Ste 235
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lakewood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080227
ReturnHeader/PreparerPersonGrp/PhoneNum03039881121
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN A HAMMERLAND JR CPA
ReturnHeader/ReturnTs02019-09-17T10:18:07-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$421,067
Liabilities
-
Net assets
$421,067
Revenue
$196,682
Expenses
$175,204
Net income
$21,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.00$5.27$3.31$2.71$0.60
2024Detailed filing. Detailed filing data is available for this year.$4.67$0.00$4.67$3.10$2.80$0.30
2023Detailed filing. Detailed filing data is available for this year.$4.37$0.00$4.37$2.38$2.38$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.36$0.00$4.36$2.58$2.31$0.27
2021Detailed filing. Detailed filing data is available for this year.$4.09$4.09$1.86$2.09$0.24
2020Detailed filing. Detailed filing data is available for this year.$4.33$4.33$1.93$1.81$0.12
2019Detailed filing. Detailed filing data is available for this year.$4.21$4.21$1.97$1.75$0.21
2018Detailed filing. Detailed filing data is available for this year.$4.00$4.00$1.74$1.78$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.04$4.04$1.79$1.83$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.08$4.08$1.82$1.96$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.22$4.22$1.95$1.58$0.37
2014Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$2.04$1.55$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$3.35$1.65$1.69$0.04
2012Summary only. Only limited summary data is available for this year.$3.39$0.00$3.39$2.06$1.69$0.37