Civic Intelligence

Asianweek Foundation

990 • Fiscal year 2022 • EIN 20-1719535

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

809 Sacramento StreetSan Francisco, CA 94108

(415) 515-5851

Siviq Scores

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

Liabilities / Assets

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.05x

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

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

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

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

Asset Growth

95th percentile

155%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

94th percentile

210%

Faster revenue growth than 94% of similar nonprofits.

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

Assets

Up

$325,892

Up $198,207 (+155%) from 2021

Net Assets

Up

$299,945

Up $174,841 (+140%) from 2021

Liabilities

Up

$25,947

Up $23,366 (+905%) from 2021

Revenue

Up

$544,847

Up $368,930 (+210%) from 2021

Expenses

Up

$350,896

Up $212,169 (+153%) from 2021

Net Income

Up

$193,951

Up $156,761 (+422%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2011: $102,738Liabilities 2011: $0Net Assets 2011: $102,7382011Assets 2012: $204,107Liabilities 2012: $77,000Net Assets 2012: $127,1072012Assets 2013: $70,023Liabilities 2013: $25,000Net Assets 2013: $45,0232013Assets 2014: $75,202Liabilities 2014: $0Net Assets 2014: $75,2022014Assets 2015: $7,376Liabilities 2015: $15,000Net Assets 2015: -$7,6242015Assets 2016: $9,560Liabilities 2016: $0Net Assets 2016: $9,5602016Assets 2017: $1,452Liabilities 2017: $0Net Assets 2017: $1,4522017Assets 2018: $13,749Liabilities 2018: $0Net Assets 2018: $13,7492018Assets 2019: $31,009Liabilities 2019: $0Net Assets 2019: $31,0092019Assets 2020: $86,144Liabilities 2020: $4,089Net Assets 2020: $82,0552020Assets 2021: $127,685Liabilities 2021: $2,581Net Assets 2021: $125,1042021Assets 2022: $325,892Liabilities 2022: $25,947Net Assets 2022: $299,9452022Assets 2023: $177,151Liabilities 2023: $671Net Assets 2023: $176,4802023Assets 2024: $111,627Liabilities 2024: $22,184Net Assets 2024: $89,4432024

Highlighted filing

2022

Assets$325,892
Liabilities$25,947
Net Assets$299,945

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $617,033Expenses 2011: $619,679Net Income 2011: -$2,6462011Revenue 2012: $598,416Expenses 2012: $574,047Net Income 2012: $24,3692012Revenue 2013: $843,948Expenses 2013: $926,032Net Income 2013: -$82,0842013Revenue 2014: $621,422Expenses 2014: $591,243Net Income 2014: $30,1792014Revenue 2015: $26,884Expenses 2015: $109,710Net Income 2015: -$82,8262015Revenue 2016: $116,240Expenses 2016: $92,614Net Income 2016: $23,6262016Revenue 2017: $64,113Expenses 2017: $72,221Net Income 2017: -$8,1082017Revenue 2018: $53,930Expenses 2018: $41,633Net Income 2018: $12,2972018Revenue 2019: $58,880Expenses 2019: $41,621Net Income 2019: $17,2592019Revenue 2020: $132,206Expenses 2020: $81,160Net Income 2020: $51,0462020Revenue 2021: $175,917Expenses 2021: $138,727Net Income 2021: $37,1902021Revenue 2022: $544,847Expenses 2022: $350,896Net Income 2022: $193,9512022Revenue 2023: $348,501Expenses 2023: $493,813Net Income 2023: -$145,3122023Revenue 2024: $857,100Expenses 2024: $944,137Net Income 2024: -$87,0372024

Highlighted filing

2022

Revenue$544,847
Expenses$350,896
Net Income$193,951
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$544,947
Mission and Program Overview

Mission

Asianweek foundation encourages the sharing of differences and appreciation of diversity across culture, language, generation and ethnicity, working to strengthen relations among asian pacific islander communities and between asians and non-asians.

Encourages the sharing of differences and appreciation of diversity across culture, language, generation and ethnicity, working to strengthen relations among asian pacific islander communities and between asians and non-asians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$127,685$325,719▲ $198,034
Inventories for Sale or Use$0$173▲ $173
Total Assets$127,685$325,892▲ $198,207
Liabilities
Accounts Payable and Accrued Expenses$2,581$25,947▲ $23,366
Total Liabilities$2,581$25,947▲ $23,366
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$125,104$299,945▲ $174,841
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$125,104$299,945▲ $174,841
Total Liabilities and Net Assets / Fund Balance$127,685$325,892▲ $198,207
Compensation and Service Providers

Board Members and Trustees

NameTitle
Teddy FangChairman/exec. Director
Donald MitchellDirector
Myles SwoopesDirector
Julie YimSecretary
Zoran BasichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$410,396
Program Service Revenue
$134,451
Investment Income
$0
Other Revenue
$0
All Other Contributions
$313,775
Change in Net Assets
$193,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,396
Grants and Similar Amounts Paid$71,500
Total Fundraising Expense$12,086
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$107,478$20,153$6,718$134,349
Grants to Domestic Orgs$71,500--$71,500
Other Expenses$4,536$850$283$5,669
Occupancy$5,300--$5,300
Advertising--$4,155$4,155
Insurance-$395-$395
Office Expenses$228$43$14$285
Total Functional Expenses$314,621$24,189$12,086$350,896
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation for Filipino Arts and EventsSan Francisco, CA501(c)(3)Cultural/community Support$71,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$100
Fundraising Gross Income$0
Professional Fundraising Fees$0
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
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 11B

A draft form 990 - return of organization exempt from income tax is reviewed by treasurer and chair. The treasurer and chair shall identify and submit any critical concerns. Critical concerns shall be resolved, and the form 990 is then presented to all voting members of the board for review.

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

Each officer and director shall annually complete the disclosure form and timely update the chair of any changes during the current year.

Form 990, Part VI, Section B, Line 15

1. The authorized body to decide on the matter shall not include any individual who has a conflict of interest with respect to the compensation arrangement. 2. Prior to making its decision on the total compensation package, the authorized body shall obtain and rely upon appropriate data as to comparability.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Asianweek Foundation
EIN
20-1719535
Phone
4155155851
Address
809 SACRAMENTO STREET, SAN FRANCISCO, CA 94108

Signing Officer

Name
Teddy Fang
Title
Chair/executive Director
Phone
4155155851
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teddy Fang
Formed
2004
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
1,000

Preparer

Firm
Baker Tilly US Llp
Address
18500 VON KARMAN AVE 10TH FLOOR, IRVINE, CA 92612
Preparer
Brian Yacker
Phone
9492222999
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 97,312. Management and general expenses 18,246. Fundraising expenses 6,082. Total expenses 121,640. Outside services: program service expenses 1,800. Management and general expenses 338. Fundraising expenses 113. Total expenses 2,251. Professional fees: program service expenses 7,600. Management and general expenses 1,425. Fundraising expenses 475. Total expenses 9,500. Professional development: program service expenses 766. Management and general expenses 144. Fundraising expenses 48. Total expenses 958.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0132206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt058880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt053770
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0788667
IRS990ScheduleA/TotalSupportAmt0791377
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
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt071500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CULTURAL/COMMUNITY SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FOUNDATION FOR FILIPINO ARTS AND EVENTS
IRS990ScheduleI/RecipientTable/RecipientEIN0474152261
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0582 MARKET STREET STE 1004
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094104
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IS REVIEWED BY TREASURER AND CHAIR. THE TREASURER AND CHAIR SHALL IDENTIFY AND SUBMIT ANY CRITICAL CONCERNS. CRITICAL CONCERNS SHALL BE RESOLVED, AND THE FORM 990 IS THEN PRESENTED TO ALL VOTING MEMBERS OF THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH OFFICER AND DIRECTOR SHALL ANNUALLY COMPLETE THE DISCLOSURE FORM AND TIMELY UPDATE THE CHAIR OF ANY CHANGES DURING THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21. THE AUTHORIZED BODY TO DECIDE ON THE MATTER SHALL NOT INCLUDE ANY INDIVIDUAL WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. 2. PRIOR TO MAKING ITS DECISION ON THE TOTAL COMPENSATION PACKAGE, THE AUTHORIZED BODY SHALL OBTAIN AND RELY UPON APPROPRIATE DATA AS TO COMPARABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING: PROGRAM SERVICE EXPENSES 97,312. MANAGEMENT AND GENERAL EXPENSES 18,246. FUNDRAISING EXPENSES 6,082. TOTAL EXPENSES 121,640. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,800. MANAGEMENT AND GENERAL EXPENSES 338. FUNDRAISING EXPENSES 113. TOTAL EXPENSES 2,251. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 7,600. MANAGEMENT AND GENERAL EXPENSES 1,425. FUNDRAISING EXPENSES 475. TOTAL EXPENSES 9,500. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 766. MANAGEMENT AND GENERAL EXPENSES 144. FUNDRAISING EXPENSES 48. TOTAL EXPENSES 958.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0127685
IRS990/TotalAssetsEOYAmt0325892
IRS990/TotalAssetsGrp/BOYAmt0127685
IRS990/TotalAssetsGrp/EOYAmt0325892
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0410396
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012086
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024189
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0314621
IRS990/TotalFunctionalExpensesGrp/TotalAmt0350896
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02581
IRS990/TotalLiabilitiesEOYAmt025947
IRS990/TotalLiabilitiesGrp/BOYAmt02581
IRS990/TotalLiabilitiesGrp/EOYAmt025947
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0125104
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0299945
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0314621
IRS990/TotalProgramServiceRevenueAmt0134451
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134451
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0544847
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0127685
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0325892
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0809 SACRAMENTO STREET
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094108
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ASIANWEEKFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TEDDY FANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR/EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04155155851
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASIANWEEK FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ASIA
ReturnHeader/Filer/EIN0201719535
ReturnHeader/Filer/PhoneNum04155155851
ReturnHeader/Filer/USAddress/AddressLine1Txt0809 SACRAMENTO STREET
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094108
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018500 VON KARMAN AVE 10TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092612
ReturnHeader/PreparerPersonGrp/PhoneNum09492222999
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN YACKER
ReturnHeader/ReturnTs02023-11-16T12:32:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TEDDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FANG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.22$0.89$8.57$9.44$0.87
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.01$1.76$3.49$4.94$1.45
2022Detailed filing. Detailed filing data is available for this year.$3.26$0.26$3.00$5.45$3.51$1.94
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$1.76$1.39$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.04$0.82$1.32$0.81$0.51
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.59$0.42$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.54$0.42$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.64$0.72$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.16$0.93$0.24
2015Summary only. Only limited summary data is available for this year.$0.07$0.15$0.08$0.27$1.10$0.83
2014Summary only. Only limited summary data is available for this year.$0.75$0.00$0.75$6.21$5.91$0.30
2013Summary only. Only limited summary data is available for this year.$0.70$0.25$0.45$8.44$9.26$0.82
2012Summary only. Only limited summary data is available for this year.$2.04$0.77$1.27$5.98$5.74$0.24
2011Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$6.17$6.20$0.03