Civic Intelligence

Nrdc Action Fund Inc

990 • Fiscal year 2022 • EIN 13-3976062

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

40 West 20th StreetNew York, NY 10011

(212) 727-2700

Siviq Scores

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

Liabilities / Assets

39th percentile

0.06x

Higher debt load relative to assets than 39% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

95th percentile

$705,195

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Asset Growth

8th percentile

-25%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-28%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$14,034,850

Down $4,736,388 (-25%) from 2021

Net Assets

Down

$13,136,242

Down $2,897,387 (-18%) from 2021

Liabilities

Down

$898,608

Down $1,839,001 (-67%) from 2021

Revenue

Down

$15,532,584

Down $5,979,103 (-28%) from 2021

Expenses

Up

$18,429,971

Up $3,159,754 (+21%) from 2021

Net Income

Down

-$2,897,387

Down $9,138,857 (-146%) from 2021

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $2,949,311Liabilities 2010: $503,577Net Assets 2010: $2,445,7342010Assets 2011: $1,694,463Liabilities 2011: $300,940Net Assets 2011: $1,393,5232011Assets 2012: $2,955,590Liabilities 2012: $278,746Net Assets 2012: $2,676,8442012Assets 2013: $1,475,750Liabilities 2013: $348,446Net Assets 2013: $1,127,3042013Assets 2014: $1,641,382Liabilities 2014: $418,841Net Assets 2014: $1,222,5412014Assets 2015: $3,581,522Liabilities 2015: $516,098Net Assets 2015: $3,065,4242015Assets 2016: $2,957,555Liabilities 2016: $226,725Net Assets 2016: $2,730,8302016Assets 2017: $2,926,917Liabilities 2017: $764,788Net Assets 2017: $2,162,1292017Assets 2018: $2,045,441Liabilities 2018: $734,195Net Assets 2018: $1,311,2462018Assets 2019: $9,719,489Liabilities 2019: $943,469Net Assets 2019: $8,776,0202019Assets 2020: $14,372,016Liabilities 2020: $4,579,857Net Assets 2020: $9,792,1592020Assets 2021: $18,771,238Liabilities 2021: $2,737,609Net Assets 2021: $16,033,6292021Assets 2022: $14,034,850Liabilities 2022: $898,608Net Assets 2022: $13,136,2422022Assets 2023: $16,966,028Liabilities 2023: $1,544,914Net Assets 2023: $15,421,1142023Assets 2024: $17,342,029Liabilities 2024: $570,964Net Assets 2024: $16,771,0652024

Highlighted filing

2022

Assets$14,034,850
Liabilities$898,608
Net Assets$13,136,242

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $3,928,1422010Revenue 2011: $2,302,865Expenses 2011: $3,355,076Net Income 2011: -$1,052,2112011Expenses 2012: $1,340,0422012Expenses 2013: $3,277,1062013Revenue 2014: $1,553,303Expenses 2014: $1,458,066Net Income 2014: $95,2372014Revenue 2015: $3,874,936Expenses 2015: $2,013,299Net Income 2015: $1,861,6372015Revenue 2016: $2,887,816Expenses 2016: $3,238,029Net Income 2016: -$350,2132016Revenue 2017: $4,891,902Expenses 2017: $5,464,098Net Income 2017: -$572,1962017Revenue 2018: $5,056,695Expenses 2018: $5,838,331Net Income 2018: -$781,6362018Revenue 2019: $15,172,296Expenses 2019: $7,707,522Net Income 2019: $7,464,7742019Revenue 2020: $14,236,619Expenses 2020: $13,227,970Net Income 2020: $1,008,6492020Revenue 2021: $21,511,687Expenses 2021: $15,270,217Net Income 2021: $6,241,4702021Revenue 2022: $15,532,584Expenses 2022: $18,429,971Net Income 2022: -$2,897,3872022Revenue 2023: $18,315,373Expenses 2023: $16,030,501Net Income 2023: $2,284,8722023Revenue 2024: $15,307,998Expenses 2024: $13,958,047Net Income 2024: $1,349,9512024

Highlighted filing

2022

Revenue$15,532,584
Expenses$18,429,971
Net Income-$2,897,387
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.2
Gross Receipts
$15,608,663
Mission and Program Overview

Mission

The nrdc action fund's mission is to achieve the passage of legislation that reduces carbon pollution, and sustains vibrant communities for all americans. Now is the time for leadership and action from our elected officials; our current goal is a comprehensive clear energy policy that will improve our economy and fuel our future.

To build political support for advancing the goals of the natural resources defense council.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,955,002$4,468,159▼ $7,486,843
Savings and Temporary Cash Investments$4,648,312$4,059,232▼ $589,080
Cash and Non-Interest-Bearing Accounts$897,352$2,922,355▲ $2,025,003
Pledges and Grants Receivable$1,218,658$2,555,656▲ $1,336,998
Accounts Receivable$51,914$29,448▼ $22,466
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$18,771,238$14,034,850▼ $4,736,388
Liabilities
Accounts Payable and Accrued Expenses$1,590,446$871,438▼ $719,008
Other Liabilities$1,147,163$27,170▼ $1,119,993
Total Liabilities$2,737,609$898,608▼ $1,839,001
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,033,629$13,136,242▼ $2,897,387
Total Net Assets Fund Balance$16,033,629$13,136,242▼ $2,897,387
Total Liabilities and Net Assets / Fund Balance$18,771,238$14,034,850▼ $4,736,388
Compensation and Service Providers

Employees

NameTitleOtherTotal
Frances BeineckeDirector$2,150$2,150

Board Members and Trustees

NameTitle
Patricia BaumanChair/director
Gina MccarthyFormer President & CEO
Manish BapnaPresident/CEO (as of 08/2021)
Emily GrayAssociate Director, Major Gifts
Denis DisonCommunications Director
Anne BartleyDirector
Christopher ArndtDirector
David VladeckDirector
Gerald TorresDirector
Hamilton CandeeDirector
Jo Ann KaplanDirector
John H AdamsDirector
Richard E AyresDirector
Sigmund AndermanDirector
Vernice Miller-travisDirector
Eduardo BhatiaDirector (as of 03/2022)
Jon FriedlandDirector (as of 03/2022)
Robert RabenDirector (as of 12/2021)
Ira ZieringDirector (thru 03/2022)
Daniel R TishmanDirector (thru 06/30/2022)
Jill SofferDirector (thru 07/2021)
Timothy MeinkeDirector of Development
Alexandra ShapiroDirector of Pac & Candidate Svs
Kevin CurtisExecutive Director
Ashley GherloneAssistant Secretary
Dorothy HectorAssistant Secretary
Krista McmanusAssistant Secretary
Jennifer BernsteinCDO/interim COO (thru 07/2021)
Daniel KimCOO (as of 03/2022)
Veronica FooInterim COO(thru 3/22)/CFO/treasurer
Mitchell BernardInterim Pres(thru 8/21)/chief Couns.
Crystal FriersonSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Skdknickerbocker LLCPublic Affairs And Political Consulting1150 18TH ST NW SUITE 800, Washington, DC 20036$1,612,148
Wavelength Strategies LLCMedia Strategy280 MADISON AVE STE 912, New York, NY 10016$1,140,000
Blueprint InteractiveAdvertising1730 RHODE ISLAND AVE NW STE 101, Washington, DC 20036$868,991
M & R Strategic Services INCDigital Advocacy/fundraising Consultant1901 L STREET NW SUITE 800, Washington, DC 20036$863,697
Facebook INCAdvertising/public Relations/lobbying15161 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$650,747
Revenue and Support

Revenue Composition

Contributions and Grants
$15,520,221
Program Service Revenue
$0
Investment Income
$12,363
Other Revenue
$0
All Other Contributions
$13,279,841
Change in Net Assets
$-2,897,387

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$75,998Fair Market Value (FMV)
Total Noncash Contributions3$75,998-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,038,528
Salaries, Compensation, and Employee Benefits$2,832,618
Grants and Similar Amounts Paid$2,215,448
Total Fundraising Expense$1,679,619
Professional Fundraising Fees$343,377

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Lobbying$8,846,969$113$213,218$9,060,300
Grants to Domestic Orgs$2,215,448--$2,215,448
Other Salaries and Wages$1,130,524$316,149$390,510$1,837,183
Advertising$1,474,864$810$158,877$1,634,551
Fees for Services Other$1,050,696$48,433$61,152$1,160,281
Other Employee Benefits$384,377$107,450$132,814$624,641
Information Technology$361,074$35,967$1,892$398,933
Current Officers, Directors, Trustees, and Key Employees$343,778$27,016-$370,794
Fees for Services Professional Fundraising--$343,377$343,377
Office Expenses$9,794$33,168$298,944$341,906
Occupancy$172,989$67,125$76,321$316,435
Fees for Services Legal-$40,708-$40,708
Travel$3,480$1,755$1,954$7,189
Other Expenses$26$4,407$0$4,433
Conferences and Meetings--$560$560
Total Functional Expenses$16,017,973$732,379$1,679,619$18,429,971
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
League of Conservation Voters IncWashington, DC501(c)(4)Environ. Advocacy$1,000,000
Natural Resources Defense CouncilNew York, NY501(c)(3)Environ. Advocacy$204,998
Bluegreen Alliance IncMinneapolis, MN501(c)(4)Environ. Advocacy$75,000
Center for Civic ActionAlbuquerque, NM501(c)(4)Environ. Advocacy$50,000
Nrdc Action VotesNew York, NY527Environ. Advocacy$50,000
Opportunity City PacColumbus, OH501(c)(4)Environ. Advocacy$50,000
Pa Alliance ActionPhiladelphia, PA501(c)(4)Environ. Advocacy$50,000
Environment AmericaRaleigh, NC501(c)(4)Environ. Advocacy$35,000
National Religious Partnership for the EnvironmentCharlottesville, VA501(c)(3)Environ. Advocacy$30,000
COLORADO PEOPLE'S ALLIANCEDenver, CO501(c)(3)Environ. Advocacy$25,000
California Environmental VotersOakland, CA501(c)(4)Environ. Advocacy$25,000
Colorado Sierra ClubDenver, CO501(c)(4)Environ. Advocacy$25,000
Nc Futures Action FundRaleigh, NC501(c)(4)Environ. Advocacy$25,000
Nmvc Action FundRio Rancho, NM501(c)(4)Environ. Advocacy$25,000
Blue Planet FoundationHonolulu, HI501(c)(3)Environ. Advocacy$10,000
Farm School NycNew York, NY501(c)(3)Environ. Advocacy$10,000
Illinois Environmental CouncilSpringfield, IL501(c)(4)Environ. Advocacy$10,000
International Children Assistance Network IncMilpitas, CA501(c)(3)Environ. Advocacy$10,000
Keep Denver StrongDenver, CO501(c)(4)Environ. Advocacy$10,000
VeggielutionSan Jose, CA501(c)(3)Environ. Advocacy$10,000
America VotesWashington, DC501(c)(4)Environ. Advocacy$6,650
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$343,377
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$993,580
Total Exempt Function Spending$993,580
Section 527 Activity Spending$943,580

Section 527 Organizations

OrganizationLocationAmount
84-4788745New York, NY$50,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$27,170
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Nrdc action fund's sole institutional member is its parent organization, natural resources defense council, inc ("nrdc").

Form 990, Part VI, Section A, Line 7A

As the sole institutional member, nrdc annually appoints each class of the nrdc action fund's board of directors. This power is reserved solely to nrdc in the nrdc action fund's organizational documents. One member of the board is elected by the nrdc action fund members.

Form 990, Part VI, Section A, Line 7B

See form 990, part vi, section a, line 7a

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

The form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's senior management. A copy of the draft form 990 was presented to the finance & audit committee of the board of directors for discussion and comment. Once the audit committee approved the form 990 for filing, a copy was circulated to the full board of directors. Each board member was provided opportunity to comment on the information contained in the form 990 prior to its filing with the internal revenue service.

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

Conflict of interest policy monitoring & enforcement each officer, director, and key employee is required to annually disclose any conflicts of interest that arise by virtue of their relationship to the organization, board service, or position with either nrdc action fund or nrdc. Nrdc action fund monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.

Form 990, Part VI, Section B, Line 15

Process to determine compensation nrdc action fund does not directly compensate any officers, directors and/or employees. All compensation is paid by the parent organization, natural resources defense council, and is reimbursed by nrdc action fund to nrdc. The processes used for determining compensation as paid by the parent entity are described on that organization's form 990.

Form 990, Part VI, Section C, Line 19

Availability of documents nrdc action fund makes its form 990 available to the public by retaining a copy at its place of business. The action fund also makes the 990 available on the action fund website at www.nrdcactionfund.org (and on www.guidestar.org). The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.

Filing and Contact Details

Filer

Filer Name
Nrdc Action Fund Inc
EIN
13-3976062
Phone
2127272700
Address
40 WEST 20TH STREET, NEW YORK, NY 10011

Signing Officer

Name
Veronica Foo
Title
CFO
Phone
2127272700
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Manish Bapna
Formed
1996
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION

The nrdc action fund's mission is to build political support in the united states for protecting the planet and its people. We work to further the policy goals of the natural resources defense council. During the fiscal year that ended june 30, 2022, the nrdc action fund worked to expand and mobilize our influential constituencies, experts, community leaders, and others to champion clean air and water, public health, biodiversity, and a stable climate. We lobbied decision makers on the federal and state levels to protect and strengthen environmental policies. We held elected officials accountable by educating constituents when their congressional representatives voted for or against environmental priorities and exposing those who sided with polluters rather than the public good. We supported political candidates who stood up for the environment and climate action and worked to help elect more climate champions to congress in the november 2022 elections.

Form 990, Part XII, Line 2C

The nrdc action fund does not receive standalone financial statements; for audit purposes its operations are consolidated with an affiliated organization, the natural resources defense council, inc.

Financial Statement Notes

PART X, LINE 2:

Nrdc action fund is included within the consolidated financial statements of its parent, the natural resources defense council, inc. The below fin-48 footnote is reproduced from the consolidated financial statements. Nrdc follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Nrdc has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered uncertain tax positions. Nrdc does not believe its 2022 and 2021 consolidated financial statements include any material uncertain tax positions.

Raw XML AppendixShowing 400 of 1,283 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (THRU 07/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (THRU 06/30/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR (THRU 03/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR (AS OF 03/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR (AS OF 03/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR (AS OF 12/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT/CEO (AS OF 08/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt19INTERIM PRES(THRU 8/21)/CHIEF COUNS.
IRS990/Form990PartVIISectionAGrp/TitleTxt20CDO/INTERIM COO (THRU 07/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt21INTERIM COO(THRU 3/22)/CFO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt24ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt25ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt26ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt27COO (AS OF 03/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29COMMUNICATIONS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR OF PAC & CANDIDATE SVS
IRS990/Form990PartVIISectionAGrp/TitleTxt31ASSOCIATE DIRECTOR, MAJOR GIFTS
IRS990/Form990PartVIISectionAGrp/TitleTxt32FORMER PRESIDENT & CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd01
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02215448
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IRS990/GrantsToIndividualsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.3$0.57$16.8$15.3$14.0$1.35
2023Detailed filing. Detailed filing data is available for this year.$17.0$1.54$15.4$18.3$16.0$2.28
2022Detailed filing. Detailed filing data is available for this year.$14.0$0.90$13.1$15.5$18.4$2.90
2021Detailed filing. Detailed filing data is available for this year.$18.8$2.74$16.0$21.5$15.3$6.24
2020Summary only. Only limited summary data is available for this year.$14.4$4.58$9.79$14.2$13.2$1.01
2019Detailed filing. Detailed filing data is available for this year.$9.72$0.94$8.78$15.2$7.71$7.46
2018Detailed filing. Detailed filing data is available for this year.$2.05$0.73$1.31$5.06$5.84$0.78
2017Detailed filing. Detailed filing data is available for this year.$2.93$0.76$2.16$4.89$5.46$0.57
2016Detailed filing. Detailed filing data is available for this year.$2.96$0.23$2.73$2.89$3.24$0.35
2015Detailed filing. Detailed filing data is available for this year.$3.58$0.52$3.07$3.87$2.01$1.86
2014Detailed filing. Detailed filing data is available for this year.$1.64$0.42$1.22$1.55$1.46$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.35$1.13$3.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.28$2.68$1.34
2011Summary only. Only limited summary data is available for this year.$1.69$0.30$1.39$2.30$3.36$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.50$2.45$3.93