Civic Intelligence

Objective Standard Institute

990 • Fiscal year 2021 • EIN 84-3575279

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization ProfileWWW.OBJECTIVESTANDARD.ORG
PO Box 5274Glen Allen, VA 23058

(949) 485-1911

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

29th percentile

$67,648

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

99th percentile

462%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

248%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$8,802,040

Up $7,235,962 (+462%) from 2020

Net Assets

Up

$8,737,187

Up $7,174,484 (+459%) from 2020

Liabilities

Up

$64,853

Up $61,478 (+1822%) from 2020

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin97th percentile

Revenue

Up

$6,587,747

Up $4,696,473 (+248%) from 2020

Expenses

Up

$815,390

Up $415,206 (+104%) from 2020

Net Income

Up

$5,772,357

Up $4,281,267 (+287%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$15M$10M$5.0M$0Assets 2019: $71,613Liabilities 2019: $0Net Assets 2019: $71,6132019Assets 2020: $1,566,078Liabilities 2020: $3,375Net Assets 2020: $1,562,7032020Assets 2021: $8,802,040Liabilities 2021: $64,853Net Assets 2021: $8,737,1872021Assets 2022: $5,993,278Liabilities 2022: $51,855Net Assets 2022: $5,941,4232022Assets 2023: $6,198,681Liabilities 2023: $49,683Net Assets 2023: $6,148,9982023Assets 2024: $12,020,080Liabilities 2024: $22,866Net Assets 2024: $11,997,2142024

Highlighted filing

2021

Assets$8,802,040
Liabilities$64,853
Net Assets$8,737,187
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

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

$10M$5.0M$0-$5.0MRevenue 2019: $90,000Expenses 2019: $18,387Net Income 2019: $71,6132019Revenue 2020: $1,891,274Expenses 2020: $400,184Net Income 2020: $1,491,0902020Revenue 2021: $6,587,747Expenses 2021: $815,390Net Income 2021: $5,772,3572021Revenue 2022: $372,964Expenses 2022: $1,298,900Net Income 2022: -$925,9362022Revenue 2023: $422,067Expenses 2023: $2,003,595Net Income 2023: -$1,581,5282023Revenue 2024: $6,202,937Expenses 2024: $1,937,649Net Income 2024: $4,265,2882024

Highlighted filing

2021

Revenue$6,587,747
Expenses$815,390
Net Income$5,772,357
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$6,587,747
Mission and Program Overview

Mission

The objective standard institute was created to provide education forums to young professionals and students, to provide the principles of objectivism and its life-serving philosphy. It creates a philosophy for achieving personal happiness, creating win-win relationships, and supporting freedom on solid ground through online courses, in-person workshops, multi-day conferences and educational podcasts.

Osi is dedicated to teaching the rising generation about the importance of philosophy, the principles of ayn rand's objectivism, and related ideas for acheiving personal happiness, creating win-win relationships, and supporting freedom on solid ground.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,307,088$8,737,187▲ $6,430,099
Investments in Publicly Traded Securities-$5,701,149-
Cash and Non-Interest-Bearing Accounts$1,566,078$2,340,616▲ $774,538
Accounts Receivable$744,385$711,924▼ $32,461
Prepaid Expenses and Deferred Charges-$48,351-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,310,463$8,802,040▲ $6,491,577
Liabilities
Other Liabilities$3,375$64,853▲ $61,478
Total Liabilities$3,375$64,853▲ $61,478
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,307,088$8,737,187▲ $6,430,099
Total Liabilities and Net Assets / Fund Balance$2,310,463$8,802,040▲ $6,491,577
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah BiddlePresident & SecretaryFT$63,958$3,690$67,648
Robert BegleyDirectorFT$51,934$3,696$55,630
Craig BiddleTreasurerFT$42,121$4,960$47,081

Board Members and Trustees

NameTitle
Annie Vinther SanzDirector
Salathiel Pete MastersonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$6,473,661
Program Service Revenue
$72,679
Investment Income
$41,407
Other Revenue
$0
All Other Contributions
$6,473,661
Change in Net Assets
$5,772,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,587,747
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,587,747
Total Revenue per Form 990
$6,587,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$523,756
Salaries, Compensation, and Employee Benefits$291,634
Total Fundraising Expense$108,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$87,536$40,806$29,671$158,013
Fees for Services Other$90,541$34,531$23,049$148,121
Other Salaries and Wages$55,643$25,940$18,862$100,445
Travel$34,400--$34,400
Advertising--$27,805$27,805
Payroll Taxes$10,014$4,734$3,459$18,207
Office Expenses-$16,098$1,744$17,842
Other Employee Benefits$8,233$3,892$2,844$14,969
All Other Expenses$2,810$4,780$503$8,093
Other Expenses$4,887$4,385$257$4,385
Fees for Services Accounting-$3,995-$3,995
Insurance$1,067$504$369$1,940
Total Functional Expenses$562,557$144,270$108,563$815,390

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$815,390
Total Expenses per Audited Statements$815,390
Total Expenses per Form 990$815,390
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Glen Allen Press$40,000
Deferred Revenue Conferences$19,341
Credit Cards Payables$5,487
Accrued Expenses$25
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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 A, Line 2

“Craig biddle and sarah biddle are married.”

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

“Completed 990 is reviewed at a board meeting.”

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

“The president reviews the annual disclosures on a yearly basis.”

Form 990, Part VI, Section B, Line 15B

“Compensation is reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 18

“Form 990 is made available to the public upon request.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Objective Standard Institute
EIN
84-3575279
Phone
9494851911
Address
PO BOX 5274, GLEN ALLEN, VA 23058

Signing Officer

Name
Sarah Biddle
Title
President
Phone
9494851911
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Biddle
Formed
2019
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
2
Employees
7
Volunteers
0

Preparer

Firm
Esmond & Associates Inc
Address
23901 CALABASAS RD SUITE 1010, CALABASAS, CA 91302
Preparer
Lenny Esmond CPA
Phone
8186102900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractor: program service expenses 90,541. Management and general expenses 34,531. Fundraising expenses 23,049. Total expenses 148,121.”

FORM 990, PART X, LINE 31 AND LINE 32:

“The accounting method for the financial statements was changed from cash to accrual basis. The beginning retained earnings was adjusted by $744,385 to reflect the difference.”

FORM 990, PART XII, LINE 1:

“The audited financial statements are prepared on accrual basis. The accounting method on the tax return is changed to mtach the audited financial statements.”

Financial Statement Notes

PART X, LINE 2:

“The institute is a not-for-profit organization and has received favorable determination letters from the internal revenue service ("irc") and the franchise tax board with an effective date of november 2019. The institute is exempt from federal and state income tax under irc section 501(c)(3) and is classified as a chritable organization. The accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has evaluated its tax positions and believes that all of the positions taken by the institute in its federal and state organization tax returns are more likely than not to be sustained upon examination. The institute is subject to examinations by u.s federal and state tax authorities from 2019 to the present, generally for three years after being filed.”

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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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IRS990/MissionDesc0THE OBJECTIVE STANDARD INSTITUTE WAS CREATED TO PROVIDE EDUCATION FORUMS TO YOUNG PROFESSIONALS AND STUDENTS, TO PROVIDE THE PRINCIPLES OF OBJECTIVISM AND ITS LIFE-SERVING PHILOSPHY. IT CREATES A PHILOSOPHY FOR ACHIEVING PERSONAL HAPPINESS, CREATING WIN-WIN RELATIONSHIPS, AND SUPPORTING FREEDOM ON SOLID GROUND THROUGH ONLINE COURSES, IN-PERSON WORKSHOPS, MULTI-DAY CONFERENCES AND EDUCATIONAL PODCASTS.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01886390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt090000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02450051
IRS990ScheduleA/TotalSupportAmt02450051
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt340000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED REVENUE CONFERENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3GLEN ALLEN PRESS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06587747
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE IS A NOT-FOR-PROFIT ORGANIZATION AND HAS RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE ("IRC") AND THE FRANCHISE TAX BOARD WITH AN EFFECTIVE DATE OF NOVEMBER 2019. THE INSTITUTE IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER IRC SECTION 501(C)(3) AND IS CLASSIFIED AS A CHRITABLE ORGANIZATION. THE ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE INSTITUTE IN ITS FEDERAL AND STATE ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE INSTITUTE IS SUBJECT TO EXAMINATIONS BY U.S FEDERAL AND STATE TAX AUTHORITIES FROM 2019 TO THE PRESENT, GENERALLY FOR THREE YEARS AFTER BEING FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0815390
IRS990ScheduleD/TotalLiabilityAmt064853
IRS990ScheduleD/TotalRevenuePerForm990Amt06587747
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06587747
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0815390
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CRAIG BIDDLE AND SARAH BIDDLE ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLETED 990 IS REVIEWED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT REVIEWS THE ANNUAL DISCLOSURES ON A YEARLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTOR: PROGRAM SERVICE EXPENSES 90,541. MANAGEMENT AND GENERAL EXPENSES 34,531. FUNDRAISING EXPENSES 23,049. TOTAL EXPENSES 148,121.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ACCOUNTING METHOD FOR THE FINANCIAL STATEMENTS WAS CHANGED FROM CASH TO ACCRUAL BASIS. THE BEGINNING RETAINED EARNINGS WAS ADJUSTED BY $744,385 TO REFLECT THE DIFFERENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE AUDITED FINANCIAL STATEMENTS ARE PREPARED ON ACCRUAL BASIS. THE ACCOUNTING METHOD ON THE TAX RETURN IS CHANGED TO MTACH THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART X, LINE 31 AND LINE 32:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 1:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0144270
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0562557
IRS990/TotalFunctionalExpensesGrp/TotalAmt0815390
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 5274
IRS990/USAddress/CityNm0GLEN ALLEN
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IRS990/USAddress/ZIPCd0230580000
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.OBJECTIVESTANDARD.ORG
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023901 CALABASAS RD SUITE 1010
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091302
ReturnHeader/PreparerPersonGrp/PhoneNum08186102900
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LENNY ESMOND CPA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,802,040
Liabilities
$64,853
Net assets
$8,737,187
Revenue
$6,587,747
Expenses
$815,390
Net income
$5,772,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.02$12.0$6.20$1.94$4.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.20$0.05$6.15$0.42$2.00$1.58
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$0.05$5.94$0.37$1.30$0.93
2021Detailed filing. Detailed filing data is available for this year.$8.80$0.06$8.74$6.59$0.82$5.77
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.00$1.56$1.89$0.40$1.49
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.09$0.02$0.07