Civic Intelligence

Eagle County Charter Academy Education Foundation

990 • Fiscal year 2024 • EIN 84-1262197

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 24, 2024

1105 Miller Ranch RoadEdwards, CO 81632

(970) 926-0656

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

31st percentile

-6.4%

Higher net margin than 31% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$161,417

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 61.1% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

36th percentile

-6.8%

Faster asset growth than 36% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

-1.9%

Faster revenue growth than 43% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Flat

$234,527

Flat from 2024

Net Assets

Flat

$234,228

Flat from 2024

Liabilities

Flat

$299

Flat from 2024

Revenue

Flat

$264,003

Flat from 2024

Expenses

Flat

$280,917

Flat from 2024

Net Income

Flat

-$16,914

Flat from 2024

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,892,245Liabilities 2011: $258,790Net Assets 2011: $1,633,4542011Assets 2012: $756,221Liabilities 2012: $52,612Net Assets 2012: $703,6092012Assets 2013: $424,141Liabilities 2013: $4,000Net Assets 2013: $420,1412013Assets 2014: $478,556Liabilities 2014: $5,260Net Assets 2014: $473,2962014Assets 2015: $496,199Liabilities 2015: $2,790Net Assets 2015: $493,4092015Assets 2016: $487,822Liabilities 2016: $934Net Assets 2016: $486,8882016Assets 2017: $499,004Liabilities 2017: $292Net Assets 2017: $498,7122017Assets 2018: $407,767Liabilities 2018: $476Net Assets 2018: $407,2912018Assets 2019: $430,522Liabilities 2019: $32,345Net Assets 2019: $398,1772019Assets 2020: $338,050Liabilities 2020: $341Net Assets 2020: $337,7092020Assets 2021: $313,705Liabilities 2021: $362Net Assets 2021: $313,3432021Assets 2022: $293,591Liabilities 2022: $307Net Assets 2022: $293,2842022Assets 2023: $251,542Liabilities 2023: $400Net Assets 2023: $251,1422023Assets 2024: $234,527Liabilities 2024: $299Net Assets 2024: $234,2282024Assets 2024: $234,527Liabilities 2024: $299Net Assets 2024: $234,2282024Assets 2025: $231,025Liabilities 2025: $150Net Assets 2025: $230,8752025

Highlighted filing

2024

Assets$234,527
Liabilities$299
Net Assets$234,228

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $535,151Expenses 2011: $684,076Net Income 2011: -$148,9252011Revenue 2012: $372,504Expenses 2012: $1,302,350Net Income 2012: -$929,8462012Revenue 2013: $85,270Expenses 2013: $368,738Net Income 2013: -$283,4682013Revenue 2014: $441,154Expenses 2014: $387,999Net Income 2014: $53,1552014Revenue 2015: $416,425Expenses 2015: $396,312Net Income 2015: $20,1132015Revenue 2016: $394,371Expenses 2016: $400,892Net Income 2016: -$6,5212016Revenue 2017: $403,947Expenses 2017: $392,123Net Income 2017: $11,8242017Revenue 2018: $301,307Expenses 2018: $392,728Net Income 2018: -$91,4212018Revenue 2019: $287,780Expenses 2019: $296,894Net Income 2019: -$9,1142019Revenue 2020: $239,088Expenses 2020: $299,556Net Income 2020: -$60,4682020Revenue 2021: $231,221Expenses 2021: $255,587Net Income 2021: -$24,3662021Revenue 2022: $257,287Expenses 2022: $277,346Net Income 2022: -$20,0592022Revenue 2023: $269,148Expenses 2023: $311,290Net Income 2023: -$42,1422023Revenue 2024: $264,003Expenses 2024: $280,917Net Income 2024: -$16,9142024Revenue 2024: $264,003Expenses 2024: $280,917Net Income 2024: -$16,9142024Revenue 2025: $255,512Expenses 2025: $258,865Net Income 2025: -$3,3532025

Highlighted filing

2024

Revenue$264,003
Expenses$280,917
Net Income-$16,914
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 24, 2024
Return Version
2023v5.1
Gross Receipts
$277,169
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$250,625$234,027▼ $16,598
Prepaid Expenses and Deferred Charges$917$500▼ $417
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$251,542$234,527▼ $17,015
Liabilities
Other Liabilities$150$150→ $0
Accounts Payable and Accrued Expenses$250$149▼ $101
Total Liabilities$400$299▼ $101
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$251,142$234,228▼ $16,914
Total Net Assets Fund Balance$251,142$234,228▼ $16,914
Total Liabilities and Net Assets / Fund Balance$251,542$234,527▼ $17,015

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$36,638$36,638
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael MoserStaff Member$125,378$125,378
Beth EllsworthStaff Member$79,341$79,341

Board Members and Trustees

NameTitle
Shana DavisPresident
Molly GriffinVice-President
Amy GreerDirector
Molly BrownPrincipal
Kate TylerSecretary
Mary Anne RedmondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$270,277
Program Service Revenue
$0
Investment Income
$6,892
Other Revenue
$-13,166
All Other Contributions
$202,106
Change in Net Assets
$-16,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$267,026
Other Expenses$13,891
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$267,026--$267,026
Insurance$3,417--$3,417
Fees for Services Accounting$3,125--$3,125
Other Expenses$1,800--$1,800
Total Functional Expenses$280,917$0$0$280,917
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eagle County Charter AcademyEdwards, CO-Charter School Grants$267,026
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,166
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Gala$68,171-$168-
Total Events$68,171-$13,166$-13,166
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Eagle County Charter Academy$150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

There are no committees to act on behalf of the governing body.

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

The Foundation provided a copy of the Form 990 to all governing board members before filing the form.

Form 990, Part VI, Section B, line 12C

If any transaction involves a conflict of interest, the Board member excuses themselves from voting. Annually all board members sign a conflict of interest statement.

Form 990, Part VI, Section B, line 15

There are no employees compensated by the Foundation.

Form 990, Part VI, Section C, line 19

The organization makes governing documents, policies, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Eagle County Charter Academy
EIN
84-1262197
Phone
9709260656
Address
1105 Miller Ranch Road, Edwards, CO 81632

Signing Officer

Name
Molly Brown
Title
Principal
Phone
9709260656
Signed
2024-10-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Molly Brown
Formed
1994
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
35

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1:

To provide support to Eagle County Charter Academy in order to create life long learners.

Form 990, Part III, Line 1:

To provide support to Eagle County Charter Academy in order to create life long learners.

Form 990, Part XII, Line 2C

The board of directors assumes responsibility for the oversight of the audit and selection of an independent accountant. This procedure has not changed from prior years.

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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fall Gala
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt068171
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt068171
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-13166
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0432
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0432
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0168
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0168
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt012066
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt012066
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0267026
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Charter School Grants
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Eagle County Charter Academy
IRS990ScheduleI/RecipientTable/RecipientEIN0273430689
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01105 Miller Ranch Road
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Edwards
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd081632
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Fair Market Value
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0129676
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt031741
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Molly Brown
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Principal
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0161417
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To provide support to Eagle County Charter Academy in order to create life long learners.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1To provide support to Eagle County Charter Academy in order to create life long learners.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Foundation provided a copy of the Form 990 to all governing board members before filing the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4If any transaction involves a conflict of interest, the Board member excuses themselves from voting. Annually all board members sign a conflict of interest statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There are no employees compensated by the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes governing documents, policies, and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The board of directors assumes responsibility for the oversight of the audit and selection of an independent accountant. This procedure has not changed from prior years.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Eagle County Charter Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0273430689
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01105 County Charter Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Edwards
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd081632
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0267026
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Eagle County Charter Academy
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0251542
IRS990/TotalAssetsEOYAmt0234527
IRS990/TotalAssetsGrp/BOYAmt0251542
IRS990/TotalAssetsGrp/EOYAmt0234527
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0270277
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280917
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0400
IRS990/TotalLiabilitiesEOYAmt0299
IRS990/TotalLiabilitiesGrp/BOYAmt0400
IRS990/TotalLiabilitiesGrp/EOYAmt0299
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0251142
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0234228
IRS990/TotalOtherCompensationAmt085025
IRS990/TotalProgramServiceExpensesAmt0280917
IRS990/TotalReportableCompFromOrgAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.26$0.26$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.26$0.28$0.02
2024Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.26$0.28$0.02
2023Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.27$0.31$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.26$0.28$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.23$0.26$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$0.24$0.30$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.03$0.40$0.29$0.30$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.30$0.39$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.40$0.39$0.01
2016Summary only. Only limited summary data is available for this year.$0.49$0.00$0.49$0.39$0.40$0.01
2015Summary only. Only limited summary data is available for this year.$0.50$0.00$0.49$0.42$0.40$0.02
2014Summary only. Only limited summary data is available for this year.$0.48$0.01$0.47$0.44$0.39$0.05
2013Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$0.09$0.37$0.28
2012Summary only. Only limited summary data is available for this year.$0.76$0.05$0.70$0.37$1.30$0.93
2011Summary only. Only limited summary data is available for this year.$1.89$0.26$1.63$0.54$0.68$0.15