Civic Intelligence

Spare Ministries

990EZ • Fiscal year 2016 • EIN 20-3976701

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 11, 2016

Organization Profilespareministries.org
1240 Van BurenAnaheim, CA 92807

(714) 345-4938

Siviq Scores

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

Liabilities / Assets

85th percentile

0.31x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

50th percentile

3.0%

Higher net margin than 50% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

79th percentile

$9,050

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

90th percentile

84%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

42nd percentile

-4.2%

Faster revenue growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$12,282

Up $5,591 (+84%) from 2015

Net Assets

Up

$8,532

Up $3,131 (+58%) from 2015

Liabilities

Up

$3,750

Up $2,460 (+191%) from 2015

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin50th percentile

Revenue

Down

$135,240

Down $5,985 (-4.2%) from 2015

Expenses

Down

$131,195

Down $9,947 (-7.0%) from 2015

Net Income

Up

$4,045

Up $3,962 (+4773%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$80K$60K$40K$20K$0-$20KAssets 2010: $3,567Liabilities 2010: $5,244Net Assets 2010: -$1,6772010Assets 2011: $3,568Liabilities 2011: $5,461Net Assets 2011: -$1,8932011Assets 2012: $6,173Liabilities 2012: $4,900Net Assets 2012: $1,2732012Assets 2013: $2,295Liabilities 2013: $3,736Net Assets 2013: -$1,4412013Assets 2014: $5,074Liabilities 2014: $1,290Net Assets 2014: $3,7842014Assets 2015: $6,691Liabilities 2015: $1,290Net Assets 2015: $5,4012015Assets 2016: $12,282Liabilities 2016: $3,750Net Assets 2016: $8,5322016Assets 2017: $17,598Liabilities 2017: $4,358Net Assets 2017: $13,2402017Assets 2018: $14,889Liabilities 2018: $4,857Net Assets 2018: $10,0322018Assets 2019: $14,657Liabilities 2019: $3,891Net Assets 2019: $10,7662019Assets 2020: $69,004Liabilities 2020: $5,798Net Assets 2020: $63,2062020Assets 2021: $43,454Liabilities 2021: $14,930Net Assets 2021: $28,5242021Assets 2022: $41,512Liabilities 2022: $4,908Net Assets 2022: $36,6042022Assets 2023: $35,222Liabilities 2023: $5,646Net Assets 2023: $29,5762023Assets 2024: $31,763Liabilities 2024: $5,547Net Assets 2024: $26,2162024

Highlighted filing

2016

Assets$12,282
Liabilities$3,750
Net Assets$8,532
Open 2016 Filing

Operations Trend

Revenue Growth42nd percentile

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

$200K$100K$0-$100KRevenue 2010: $150,224Expenses 2010: $152,523Net Income 2010: -$2,2992010Revenue 2011: $136,035Expenses 2011: $136,251Net Income 2011: -$2162011Revenue 2012: $158,788Expenses 2012: $159,769Net Income 2012: -$9812012Revenue 2013: $108,890Expenses 2013: $110,156Net Income 2013: -$1,2662013Revenue 2014: $101,597Expenses 2014: $96,372Net Income 2014: $5,2252014Revenue 2015: $141,225Expenses 2015: $141,142Net Income 2015: $832015Revenue 2016: $135,240Expenses 2016: $131,195Net Income 2016: $4,0452016Revenue 2017: $138,779Expenses 2017: $134,071Net Income 2017: $4,7082017Revenue 2018: $152,135Expenses 2018: $155,343Net Income 2018: -$3,2082018Revenue 2019: $137,665Expenses 2019: $136,931Net Income 2019: $7342019Revenue 2020: $186,290Expenses 2020: $167,913Net Income 2020: $18,3772020Revenue 2021: $144,223Expenses 2021: $173,907Net Income 2021: -$29,6842021Revenue 2022: $168,208Expenses 2022: $170,241Net Income 2022: -$2,0332022Revenue 2023: $181,136Expenses 2023: $188,165Net Income 2023: -$7,0292023Revenue 2024: $171,619Expenses 2024: $174,978Net Income 2024: -$3,3592024

Highlighted filing

2016

Revenue$135,240
Expenses$131,195
Net Income$4,045
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 11, 2016
Return Version
2015v2.1
Gross Receipts
$135,240
Mission and Program Overview

Mission

Subsidized Counseling to poorneedy

Program Services

DescriptionGrantsExpenses
PROVIDE COUNSELING SERVICES ON A SUBSIDIZED BASIS TO THE POOR NEEDY AND HOMELESS-$131,195
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHARON BARNESPresidentFT$9,050-$9,050
TRISH WALTZOfficerFT$0--
JOHN WALTHARTSecretary-$0--
PAUL BARNESTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Spare Ministries
EIN
20-3976701
Address
1240 Van Buren, Anaheim, CA 92807

Signing Officer

Name
Sharon Barnes
Title
President
Signed
2016-10-11
Discuss with paid preparer
Yes

Preparer

Firm
Pel & Associates
Address
3010 OLD RANCH PKWY STE 350, SEAL BEACH, CA 90740
Preparer
Kari Pel
Phone
7145262668
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountADVERTISING 111MINISTRY SUPPORT 255EMPLOYER TAX 9,077OTHER TAXES 1,805INSURANCE- GENERAL LIABILITY 1,674MERCHANT/ BANK FEES 461SUPPLIES 14PAYROLL SERVICE 458ACCOUNTING 1,075”

Other changes in net assets or fund balances Part I line 20

“Description AmountADJ (914)”

Description of other assets Part II line 24

“Category Beginning of Year End of YearEQUIPMENT 1,909 1,909”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearLOANS FROM OFFICERS, DIRECTORS 1,290 1,290PAYROLL LIABILITIES 0 2,460”

Raw XML Appendix163 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SHARON BARNES
IRS990EZ/BooksInCareOfDetail/PhoneNum07143454938
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01240 Van Buren
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Anaheim
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd092807
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04782
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt010373
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt014295
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04045
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt048
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt06691
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012282
IRS990EZ/GrossReceiptsAmt0135240
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05401
IRS990EZ/NetAssetsOrFundBalancesEOYAmt08532
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05401
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt08532
IRS990EZ/OccupancyRentUtltsAndMaintAmt013404
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt140.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt19050
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TRISH WALTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SHARON BARNES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOHN WALTHART
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PAUL BARNES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01909
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01909
IRS990EZ/OtherChangesInNetAssetsAmt0-914
IRS990EZ/OtherExpensesTotalAmt014930
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Subsidized Counseling to poorneedy
IRS990EZ/PrintingPublicationsPostageAmt0145
IRS990EZ/ProgramServiceRevenueAmt0120945
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE COUNSELING SERVICES ON A SUBSIDIZED BASIS TO THE POOR NEEDY AND HOMELESS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0131195
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0102668
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01290
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03750
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0131195
IRS990EZ/TotalProgramServiceExpensesAmt0131195
IRS990EZ/TotalRevenueAmt0135240
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0spareministries.org
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt014295
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt07449
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt013334
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt018841
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt065828
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0121331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0133776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt089688
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt095556
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0140232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0580583
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0646411
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0135626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0141225
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0108890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0159073
IRS990ScheduleA/Total509Grp/TotalAmt0646411
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0135626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0141225
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0101597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0108890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0159073
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0646411
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountADVERTISING 111MINISTRY SUPPORT 255EMPLOYER TAX 9,077OTHER TAXES 1,805INSURANCE- GENERAL LIABILITY 1,674MERCHANT/ BANK FEES 461SUPPLIES 14PAYROLL SERVICE 458ACCOUNTING 1,075
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountADJ (914)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearEQUIPMENT 1,909 1,909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearLOANS FROM OFFICERS, DIRECTORS 1,290 1,290PAYROLL LIABILITIES 0 2,460
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON BARNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPARE MINISTRIES
ReturnHeader/Filer/BusinessNameControlTxt0SPAR
ReturnHeader/Filer/EIN0203976701
ReturnHeader/Filer/USAddress/AddressLine1Txt01240 Van Buren
ReturnHeader/Filer/USAddress/CityNm0Anaheim
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092807
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330890012
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Pel & Associates
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03010 OLD RANCH PKWY STE 350
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEAL BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090740
ReturnHeader/PreparerPersonGrp/PhoneNum07145262668
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kari Pel
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-31T08:50:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,282
Liabilities
$3,750
Net assets
$8,532
Revenue
$135,240
Expenses
$131,195
Net income
$4,045
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.06$0.26$1.72$1.75$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.06$0.30$1.81$1.88$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.05$0.37$1.68$1.70$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.15$0.29$1.44$1.74$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.06$0.63$1.86$1.68$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.04$0.11$1.38$1.37$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.05$0.10$1.52$1.55$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.04$0.13$1.39$1.34$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.04$0.09$1.35$1.31$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.05$1.41$1.41$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$1.02$0.96$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.04$0.01$1.09$1.10$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.05$0.01$1.59$1.60$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.05$0.02$1.36$1.36$0.00
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.05$0.02$1.50$1.53$0.02