Civic Intelligence

Environmental Simulation Center Ltd.

990PF • Fiscal year 2021 • EIN 13-3990144

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 14, 2022

116 West 29th Street FL 5New York, NY 10001

(212) 279-1851

Siviq Scores

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

Liabilities / Assets

90th percentile

0.40x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.13x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Net Margin

25th percentile

-5.1%

Higher net margin than 25% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Asset Growth

13th percentile

-24%

Faster asset growth than 13% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

205%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$18,861

Down $6,082 (-24%) from 2020

Net Assets

Down

$11,340

Down $2,886 (-20%) from 2020

Liabilities

Down

$7,521

Down $3,196 (-30%) from 2020

Revenue

Up

$56,920

Up $38,242 (+205%) from 2020

Expenses

Down

$59,806

Down $11,737 (-16%) from 2020

Net Income

Up

-$2,886

Up $49,979 (+95%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2011: $73,399Liabilities 2011: $12,7002011Assets 2012: $89,157Liabilities 2012: $5,0002012Assets 2013: $128,036Liabilities 2013: $24,0002013Assets 2014: $153,480Liabilities 2014: $20,000Net Assets 2014: $133,4802014Assets 2015: $128,762Liabilities 2015: $8,917Net Assets 2015: $119,8452015Assets 2016: $112,564Liabilities 2016: $10,614Net Assets 2016: $101,9502016Assets 2017: $105,234Liabilities 2017: $11,405Net Assets 2017: $93,8292017Assets 2018: $86,201Liabilities 2018: $9,549Net Assets 2018: $76,6522018Assets 2019: $80,084Liabilities 2019: $12,993Net Assets 2019: $67,0912019Assets 2020: $24,943Liabilities 2020: $10,717Net Assets 2020: $14,2262020Assets 2021: $18,861Liabilities 2021: $7,521Net Assets 2021: $11,3402021Assets 2023: $4,433Liabilities 2023: $41,231Net Assets 2023: -$36,7982023Assets 2024: $290Liabilities 2024: $0Net Assets 2024: $2902024

Highlighted filing

2021

Assets$18,861
Liabilities$7,521
Net Assets$11,340

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2011: $56,116Expenses 2011: $193,710Net Income 2011: -$137,5942011Revenue 2012: $125,653Expenses 2012: $102,195Net Income 2012: $23,4582012Revenue 2013: $129,131Expenses 2013: $109,252Net Income 2013: $19,8792013Revenue 2014: $121,894Expenses 2014: $92,450Net Income 2014: $29,4442014Revenue 2015: $77,324Expenses 2015: $90,959Net Income 2015: -$13,6352015Revenue 2016: $89,930Expenses 2016: $107,825Net Income 2016: -$17,8952016Revenue 2017: $87,885Expenses 2017: $98,578Net Income 2017: -$10,6932017Revenue 2018: $66,963Expenses 2018: $84,140Net Income 2018: -$17,1772018Revenue 2019: $69,618Expenses 2019: $79,938Net Income 2019: -$10,3202019Revenue 2020: $18,678Expenses 2020: $71,543Net Income 2020: -$52,8652020Revenue 2021: $56,920Expenses 2021: $59,806Net Income 2021: -$2,8862021Revenue 2023: $0Expenses 2023: $13,672Net Income 2023: -$13,6722023Revenue 2024: $38,331Expenses 2024: $1,243Net Income 2024: $37,0882024

Highlighted filing

2021

Revenue$56,920
Expenses$59,806
Net Income-$2,886
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 14, 2022
Return Version
2021v4.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL KWARTLERPresidentPT$0--
RICHARD SCHAFFERDirector-$0--
THOMAS BERNOLDDirector-$0--
MARGARET FUNGDirector-$0--
ELAINE REISSCounsel And Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Environmental Simulation Center Ltd
EIN
13-3990144
Phone
2122791851
Address
116 WEST 29TH STREET FL 5, NEW YORK, NY 10001

Signing Officer

Name
Michael Kwartler
Title
President
Phone
2125649601
Signed
2022-07-14
Discuss with paid preparer
Yes

Preparer

Firm
Rogoff & Company Pc
Address
355 LEXINGTON AVENUE 6TH FLOOR, NEW YORK, NY 10017-6603
Preparer
Ira Strassberg
Phone
2125575666
Raw XML Appendix366 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0MICHAEL KWARTLER
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IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/CurrentYearAmt0625
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/TotalAmt07334
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/Year1Amt01533
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/Year2Amt02453
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/Year3Amt02723
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt01A
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt0THE PERFORMANCE OF THESE SERVICES IS THE PRIMARY MEANS BY WHICH THE ORGANIZATION ACCOMPLISHES ITS RESEARCH AND DEVELOPMENT OF NEW TOOLS, METHODOLOGIES AND PROCESSES IN THE FIELDS OF TOWN DESIGN AND URBAN AND ENVIRONMENTAL PLANNING FOR PUBLIC USE.
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd00
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd00
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd00
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd00
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd00
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd00
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd00
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0116 WEST 29TH STREET FL 5
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0NEW YORK
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NY
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd010001
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NY
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0THE FOUNDATION
IRS990PF/StatementsRegardingActyGrp/PhoneNum02122791851
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd01
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0WWW.SIMCENTER.ORG
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0THE ENVIRONMENTAL SIMULATION CENTER'S STAFF OF PLANNERS, URBAN DESIGNERS AND ARCHITECTS PROVIDE INNOVATIVE PLACE AND PERFORMANCE BASED PLANNING, URBAN DESIGN AND REGULATORY SYSTEMS THROUGH APPLICATION OF INFORMATION TECHNOLOGY AND DECISION SUPPORT SYSTEMS IN REAL-WORLD PLANNING, DESIGN, DEVELOPMENT, ENVIRONMENTAL AND VISUAL IMPACT PROJECTS. WE WORK WITH GOVERNMENTS, INSTITUTIONS, DEVELOPERS, COMMUNITY BASED ORGANIZATIONS AND OTHERS INTERESTED IN HOW TECHNOLOGY CAN SUPPORT THE CREATION OF SUSTAINABLE AND LIVABLE COMMUNITIES.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt011933
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt01097
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt1163
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt22520
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt31339
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt4996
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt570
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt623
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0TELEPHONE AND INTERNET
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1OFFICE EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3MOVING AND STORAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4COMPUTER
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5BOOKS & PUBLICATIONS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0275
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt141
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2630
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt3335
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt4249
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt517
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt66
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt30
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt40
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt50
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt60
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt01372
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1204
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt23150
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt31674
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt41245
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt587
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt629
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt056920
OtherIncomeSchedule2/OtherIncomeDetail/Desc0RESEARCH & PLANNING FEES
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt056920
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt1149
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt1149
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0SUBCONTRACTORS
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1ADMINISTRATIVE
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt10
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt02799
TaxesSchedule/TaxesDetail/Amt03499
TaxesSchedule/TaxesDetail/CategoryTxt0PAYROLL EXPENSE
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt0700
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL KWARTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125649601
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ENVIRONMENTAL SIMULATION CENTER LTD
ReturnHeader/Filer/BusinessNameControlTxt0ENVI
ReturnHeader/Filer/EIN0133990144
ReturnHeader/Filer/PhoneNum02122791851
ReturnHeader/Filer/USAddress/AddressLine1Txt0116 WEST 29TH STREET FL 5
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132688836
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROGOFF & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0355 LEXINGTON AVENUE 6TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100176603
ReturnHeader/PreparerPersonGrp/PhoneNum02125575666
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRA STRASSBERG
ReturnHeader/ReturnTs02022-09-21T10:29:35-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KWARTLER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.38$0.01$0.37
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.41$0.37$0.00$0.14$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.08$0.11$0.57$0.60$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.11$0.14$0.19$0.72$0.53
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.13$0.67$0.70$0.80$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.10$0.77$0.67$0.84$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.11$0.94$0.88$0.99$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.11$1.02$0.90$1.08$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.29$0.09$1.20$0.77$0.91$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.53$0.20$1.33$1.22$0.92$0.29
2013Summary only. Only limited summary data is available for this year.$1.28$0.24$1.29$1.09$0.20
2012Summary only. Only limited summary data is available for this year.$0.89$0.05$1.26$1.02$0.23
2011Summary only. Only limited summary data is available for this year.$0.73$0.13$0.56$1.94$1.38