Civic Intelligence

Hope Clinic

990 • Fiscal year 2014 • EIN 56-2114681

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 18, 2015

PO Box 728Bayboro, NC 28515

(252) 745-5760

Siviq Scores

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

Liabilities / Assets

78th percentile

0.68x

Higher debt load relative to assets than 78% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

54th percentile

0.21x

Higher debt load relative to revenue than 54% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Net Margin

23rd percentile

-3.8%

Higher net margin than 23% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

17th percentile

$0

Higher top officer pay than 17% of similar nonprofits.

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

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

68th percentile

9.4%

Faster revenue growth than 68% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$509,602

Down $244,072 (-32%) from 2013

Net Assets

Down

$162,194

Down $585,026 (-78%) from 2013

Liabilities

Up

$347,408

Up $340,954 (+5283%) from 2013

Revenue

Up

$1,621,615

Up $139,137 (+9.4%) from 2013

Expenses

Down

$1,682,797

Down $185,487 (-9.9%) from 2013

Net Income

Up

-$61,182

Up $324,624 (+84%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $396,572Liabilities 2010: $2,495Net Assets 2010: $394,0772010Assets 2011: $315,933Liabilities 2011: $0Net Assets 2011: $315,9332011Assets 2012: $264,696Liabilities 2012: $1,340Net Assets 2012: $263,3562012Assets 2013: $753,674Liabilities 2013: $6,454Net Assets 2013: $747,2202013Assets 2014: $509,602Liabilities 2014: $347,408Net Assets 2014: $162,1942014Assets 2015: $267,962Liabilities 2015: $202,672Net Assets 2015: $65,2902015Assets 2016: $412,119Liabilities 2016: $274,731Net Assets 2016: $137,3882016Assets 2017: $91,547Liabilities 2017: $8,115Net Assets 2017: $83,4322017Assets 2018: $97,995Liabilities 2018: $11,219Net Assets 2018: $86,7762018Assets 2019: $60,943Liabilities 2019: $13,866Net Assets 2019: $47,0772019Assets 2020: $187,570Liabilities 2020: $49,888Net Assets 2020: $137,6822020Assets 2021: $276,379Liabilities 2021: $12,955Net Assets 2021: $263,4242021Assets 2022: $380,928Liabilities 2022: $13,440Net Assets 2022: $367,4882022Assets 2023: $652,724Liabilities 2023: $19,760Net Assets 2023: $632,9642023Assets 2024: $818,960Liabilities 2024: $13,241Net Assets 2024: $805,7192024

Highlighted filing

2014

Assets$509,602
Liabilities$347,408
Net Assets$162,194

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $188,796Expenses 2010: $182,763Net Income 2010: $6,0332010Revenue 2011: $142,346Expenses 2011: $220,490Net Income 2011: -$78,1442011Revenue 2012: $162,528Expenses 2012: $215,105Net Income 2012: -$52,5772012Revenue 2013: $1,482,478Expenses 2013: $1,868,284Net Income 2013: -$385,8062013Revenue 2014: $1,621,615Expenses 2014: $1,682,797Net Income 2014: -$61,1822014Revenue 2015: $1,408,849Expenses 2015: $1,505,753Net Income 2015: -$96,9042015Revenue 2016: $2,736,927Expenses 2016: $2,664,829Net Income 2016: $72,0982016Revenue 2017: $512,268Expenses 2017: $566,224Net Income 2017: -$53,9562017Revenue 2018: $566,195Expenses 2018: $562,851Net Income 2018: $3,3442018Revenue 2019: $655,622Expenses 2019: $695,321Net Income 2019: -$39,6992019Revenue 2020: $492,949Expenses 2020: $402,344Net Income 2020: $90,6052020Revenue 2021: $572,212Expenses 2021: $446,470Net Income 2021: $125,7422021Revenue 2022: $489,055Expenses 2022: $384,990Net Income 2022: $104,0652022Revenue 2023: $743,507Expenses 2023: $478,031Net Income 2023: $265,4762023Revenue 2024: $619,086Expenses 2024: $446,331Net Income 2024: $172,7552024

Highlighted filing

2014

Revenue$1,621,615
Expenses$1,682,797
Net Income-$61,182
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 18, 2015
Return Version
2014v5.0
Gross Receipts
$1,645,549
Mission and Program Overview

Mission

Hope clinic is a private, non-profit organization in pamlico county, nc that provides free medical and dental care to low-income, uninsured adults. We provide basic health care, prescription medications, laboratory tests, medical supplies, health education, and referrals to specialists at no charge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$535,204$353,112▼ $182,092
Savings and Temporary Cash Investments$178,187$118,130▼ $60,057
Cash and Non-Interest-Bearing Accounts$37,204$36,016▼ $1,188
Land, Buildings, and Equipment, Net$2,993$1,455▼ $1,538
Accounts Receivable$86$889▲ $803
Total Assets$753,674$509,602▼ $244,072
Liabilities
Deferred Revenue-$339,883-
Accounts Payable and Accrued Expenses$6,454$7,525▲ $1,071
Total Liabilities$6,454$347,408▲ $340,954
Net Assets / Fund Balance
Unrestricted Net Assets$747,220$162,194▼ $585,026
Total Net Assets Fund Balance$747,220$162,194▼ $585,026
Total Liabilities and Net Assets / Fund Balance$753,674$509,602▼ $244,072

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,455$24,766$26,221
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ned AlbeePresident
Charles K MoseleyDirector
Darrell GibbsDirector
Dennis BrinsonDirector
Dennis HarringtonDirector
Jean ChastangDirector
Judy HumphriesDirector
Ron DemersDirector
John CallahanAsst. Med. D
Joseph OverbyMedical Dire
Lee DuerSecretary
Anne ParkerTreasurer
Greg PinerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,578,649
Program Service Revenue
$0
Investment Income
$881
Other Revenue
$42,085
All Other Contributions
$1,578,649
Change in Net Assets
$-61,182

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies1$1,402,940Average Wholesale Price
Total Noncash Contributions1$1,402,940-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,519,229
Salaries, Compensation, and Employee Benefits$163,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,304$21,264-$163,568
All Other Expenses$27,325$6,969-$34,294
Other Expenses$10,530--$10,530
Insurance$7,343$1,836-$9,179
Fees for Services Accounting-$4,000-$4,000
Conferences and Meetings$1,666$416-$2,082
Depreciation Depletion$1,538--$1,538
Total Functional Expenses$1,648,312$34,485$0$1,682,797
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$66,019
Fundraising Direct Expenses$23,934
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hope Ball$66,019$66,019$4,737$61,282
Total Events$66,019$66,019$23,934$42,085
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
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Hope Clinic
EIN
56-2114681
Phone
2527455760
Address
PO BOX 728, BAYBORO, NC 28515

Signing Officer

Name
Ned Albee
Title
President
Phone
2527455760
Signed
2015-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ned Albee
Voting Board Members
15
Independent Board Members
15
Employees
12

Preparer

Firm
Barrow Parris & Davenport Pa
Address
PO BOX 6069, KINSTON, NC 28501-0069
Preparer
Jay a Parris CPA
Phone
2525225200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Hope clinic is a private, non-profit organization in pamlico county, nc that provides free medical and dental care to low-income, uninsured adults. We provide basic health care, prescription medications, laboratory tests, medical supplies, health education, and referrals to specialists at no charge.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07346
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020569
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0881
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01499
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02121
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03620
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98280
IRS990ScheduleA/PublicSupportPY170Pct00.98470
IRS990ScheduleA/PublicSupportTotal170Amt03727233
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01774393
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01481403
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0157583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0134525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0179329
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03727233
IRS990ScheduleA/TotalSupportAmt03792507
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt041085
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt041085
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/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01455
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024766
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026221
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01455
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023934
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HOPE BALL
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt09640
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt09640
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt066019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt066019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt066019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt066019
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt042085
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02700
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02700
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04737
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04737
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04857
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt04857
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/ContributionCnt01
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/MethodOfDeterminingRevenuesTxt0AVERAGE WHOLESALE PRICE
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/NoncashContributionsRptF990Amt01402940
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOPE CLINIC IS A PRIVATE, NON-PROFIT ORGANIZATION IN PAMLICO COUNTY, NC THAT PROVIDES FREE MEDICAL AND DENTAL CARE TO LOW-INCOME, UNINSURED ADULTS. WE PROVIDE BASIC HEALTH CARE, PRESCRIPTION MEDICATIONS, LABORATORY TESTS, MEDICAL SUPPLIES, HEALTH EDUCATION, AND REFERRALS TO SPECIALISTS AT NO CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0753674
IRS990/TotalAssetsEOYAmt0509602
IRS990/TotalAssetsGrp/BOYAmt0753674
IRS990/TotalAssetsGrp/EOYAmt0509602
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01578649
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034485
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01648312
IRS990/TotalFunctionalExpensesGrp/TotalAmt01682797
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06454
IRS990/TotalLiabilitiesEOYAmt0347408
IRS990/TotalLiabilitiesGrp/BOYAmt06454
IRS990/TotalLiabilitiesGrp/EOYAmt0347408
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0747220
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0162194
IRS990/TotalProgramServiceExpensesAmt01648312
IRS990/TotalRevenueGrp/ExclusionAmt042085
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0881
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01621615
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0753674
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0509602
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0747220
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0162194
IRS990/USAddress/AddressLine1Txt0203 NORTH STREET
IRS990/USAddress/CityNm0BAYBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028515
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0HTTP://WWW.HOPECLINICNC.ORG/INDEX.HTML
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NED ALBEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02527455760
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE CLINIC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0562114681
ReturnHeader/Filer/PhoneNum02527455760
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 728
ReturnHeader/Filer/USAddress/CityNm0BAYBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028515
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203919567
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARROW PARRIS & DAVENPORT PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 6069
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KINSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0285010069
ReturnHeader/PreparerPersonGrp/PhoneNum02525225200
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY A PARRIS CPA
ReturnHeader/ReturnTs02015-08-31T08:24:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.01$0.81$0.62$0.45$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.02$0.63$0.74$0.48$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.01$0.37$0.49$0.38$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.01$0.26$0.57$0.45$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.05$0.14$0.49$0.40$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.01$0.05$0.66$0.70$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.01$0.09$0.57$0.56$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.01$0.08$0.51$0.57$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.27$0.14$2.74$2.66$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.20$0.07$1.41$1.51$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.35$0.16$1.62$1.68$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.75$1.48$1.87$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.16$0.22$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$0.14$0.22$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.39$0.19$0.18$0.01