Civic Intelligence

Alpha Phi International Fraternity-

990 • Fiscal year 2019 • EIN 23-2008808

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 26, 2019

PO Box 270Wilton, CA 95693

(916) 687-7700

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Net Margin

66th percentile

8.2%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Asset Growth

93rd percentile

66%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

-0.4%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$76,102

Up $30,218 (+66%) from 2018

Net Assets

Up

$76,102

Up $30,218 (+66%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$368,739

Down $1,592 (-0.4%) from 2018

Expenses

Down

$338,521

Down $17,880 (-5.0%) from 2018

Net Income

Up

$30,218

Up $16,288 (+117%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $81,096Liabilities 2011: $271Net Assets 2011: $80,8252011Assets 2012: $187,694Liabilities 2012: $71,544Net Assets 2012: $116,1502012Assets 2013: $121,291Liabilities 2013: $419Net Assets 2013: $120,8722013Assets 2014: $47,194Liabilities 2014: $44,891Net Assets 2014: $2,3032014Assets 2015: $34,255Liabilities 2015: $24,658Net Assets 2015: $9,5972015Assets 2016: $31,599Liabilities 2016: $17,288Net Assets 2016: $14,3112016Assets 2017: $31,954Liabilities 2017: $0Net Assets 2017: $31,9542017Assets 2018: $45,884Liabilities 2018: $0Net Assets 2018: $45,8842018Assets 2019: $76,102Liabilities 2019: $0Net Assets 2019: $76,1022019Assets 2020: $142,100Liabilities 2020: $0Net Assets 2020: $142,1002020Assets 2021: $111,842Liabilities 2021: $0Net Assets 2021: $111,8422021Assets 2022: $91,234Liabilities 2022: $0Net Assets 2022: $91,2342022Assets 2023: $81,746Liabilities 2023: $0Net Assets 2023: $81,7462023Assets 2024: $77,976Liabilities 2024: $0Net Assets 2024: $77,9762024Assets 2025: $88,108Liabilities 2025: $0Net Assets 2025: $88,1082025

Highlighted filing

2019

Assets$76,102
Liabilities$0
Net Assets$76,102

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $248,549Expenses 2011: $247,547Net Income 2011: $1,0022011Revenue 2012: $293,496Expenses 2012: $264,841Net Income 2012: $28,6552012Revenue 2013: $313,513Expenses 2013: $291,021Net Income 2013: $22,4922013Revenue 2014: $288,107Expenses 2014: $257,330Net Income 2014: $30,7772014Revenue 2015: $328,751Expenses 2015: $321,457Net Income 2015: $7,2942015Revenue 2016: $335,114Expenses 2016: $330,400Net Income 2016: $4,7142016Revenue 2017: $344,208Expenses 2017: $326,565Net Income 2017: $17,6432017Revenue 2018: $370,331Expenses 2018: $356,401Net Income 2018: $13,9302018Revenue 2019: $368,739Expenses 2019: $338,521Net Income 2019: $30,2182019Revenue 2020: $364,371Expenses 2020: $298,373Net Income 2020: $65,9982020Revenue 2021: $50,686Expenses 2021: $80,944Net Income 2021: -$30,2582021Revenue 2022: $337,386Expenses 2022: $357,994Net Income 2022: -$20,6082022Revenue 2023: $375,909Expenses 2023: $385,397Net Income 2023: -$9,4882023Revenue 2024: $404,860Expenses 2024: $408,630Net Income 2024: -$3,7702024Revenue 2025: $427,526Expenses 2025: $417,394Net Income 2025: $10,1322025

Highlighted filing

2019

Revenue$368,739
Expenses$338,521
Net Income$30,218
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 26, 2019
Return Version
2018v3.1
Gross Receipts
$368,739
Mission and Program Overview

Mission

Alpha Phi is a sisterhood of women supporting each other in lifelong achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$45,884$76,102▲ $30,218
Savings and Temporary Cash Investments$16,108$38,621▲ $22,513
Cash and Non-Interest-Bearing Accounts$27,601$37,481▲ $9,880
Land, Buildings, and Equipment, Net$2,171$0▼ $2,171
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$45,884$76,102▲ $30,218
Other Assets Total$4$0▼ $4
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,884$76,102▲ $30,218
Total Liabilities and Net Assets / Fund Balance$45,884$76,102▲ $30,218

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$37,701$37,701
Compensation and Service Providers

Board Members and Trustees

NameTitle
Delaney LeighPresident
Hesser RileyDirector Academ
Testa DanielleDirector Alumna
Doggett AnnaExecutive Director
Portnoi IsabelPanhellenic Del
McCormick MaryVP Comm Relatio
Tully ElizabethVP Mem Recruit
Smith KelseyVP Member Educ
Zytkowicz PaigeVP of Finance
Davis KatheryneVP of Marketing
Clarke NicoleVP Risk Mangemt
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$368,575
Investment Income
$164
Other Revenue
$0
Change in Net Assets
$30,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$338,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$215,202
All Other Expenses---$23,784
Office Expenses---$15,847
Other Expenses---$13,393
Conferences and Meetings---$7,904
Depreciation Depletion---$2,171
Fees for Services Accounting---$380
Total Functional Expenses$0$0$0$338,521
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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, Part VI, Line 11B: Form 990 Review Process

The form 990 is prepared by the organization's bookkeeper. The return is sent to the Board Members for review and comment. After this process is satisfied, the return is filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization provides its governing documents and financial statements to the public upon request.

Form 990, Part VI, Line 6 - Explanation of Members

Members of the organization include initiated and uninitiated members of Alpha Phi who are full time students at Lehigh.It is a private membership organization whose members are selected following a series of meetings, socials and interviews by existing members of the Fraternity at Lehigh.Women selected for membership must have good scholarship,be of good character, have an interest in activities that will enhance the academic atmosphere at Lehigh,and have a sincere desire to contribute to the work of the Fraternity.

Form 990, Part VI, Line 7A - How Members or Shareholders Elect Governi

Members elect the Executive Board annually at a membership meeting.

Filing and Contact Details

Filer

Filer Name
Alpha Phi International Fraternity-
EIN
23-2008808
Phone
9166877700
Address
PO BOX 270, WILTON, CA 95693

Signing Officer

Name
Zytkowicz Paige
Title
VP of Finance
Signed
2019-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Delaney Leigh
Formed
1949
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Sorority Solutions Inc
Address
11708 GREEN ROAD, WILTON, CA 95693
Preparer
Julie Sportelli
Phone
9166877700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 - Organization Mission

The mission of the organization is to support its members in lifelong achievement. The organization is a sorority that operates on the campus of Lehigh University ("Lehigh").It achieves its mission by providing opportunities for its members to achieve their goals and promote life long bonds. This includes the renting of a facility where members may live and meet, providing leadership opportunities, and providing programs that encourage personal growth and provide incentive for members to join and remain members of the organization.

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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/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP RISK MANGEMT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP MEMBER EDUC
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP MEM RECRUIT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP COMM RELATIO
IRS990/Form990PartVIISectionAGrp/TitleTxt7Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt8PANHELLENIC DEL
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR ACADEM
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR ALUMNA
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IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Chapter Fees
IRS990/ProgramServiceRevenueGrp/Desc1Housing Charges
IRS990/ProgramServiceRevenueGrp/Desc2International Dues
IRS990/ProgramServiceRevenueGrp/Desc3Other
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0131795
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1209361
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216007
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311412
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0131795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1209361
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311412
IRS990/ProgSrvcAccomActy2Grp/Desc0The Organization put on an event to encourage donations to the Alpha Phi Foundation. The event was attended by all members, family members and alumni members. The event facilitated social interaction between the attendees and encouraged continued membership with the Organization.
IRS990/ProgSrvcAccomActy3Grp/Desc0Purchased clothing and other branded material to be used by members. Members utilizing Alpha Phi branded materials markets the Organization to potential new members who attend the University. The use of branded material also identifies members and encourages non members to inquire about membership.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt059
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0356401
IRS990/PYProgramServiceRevenueAmt0370272
IRS990/PYRevenuesLessExpensesAmt013930
IRS990/PYTotalExpensesAmt0356401
IRS990/PYTotalRevenueAmt0370331
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt030218
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt045884
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt076102
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016108
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038621
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037701
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037701
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is prepared by the organization's bookkeeper. The return is sent to the Board Members for review and comment. After this process is satisfied, the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization provides its governing documents and financial statements to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The mission of the organization is to support its members in lifelong achievement. The organization is a sorority that operates on the campus of Lehigh University ("Lehigh").It achieves its mission by providing opportunities for its members to achieve their goals and promote life long bonds. This includes the renting of a facility where members may live and meet, providing leadership opportunities, and providing programs that encourage personal growth and provide incentive for members to join and remain members of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members of the organization include initiated and uninitiated members of Alpha Phi who are full time students at Lehigh.It is a private membership organization whose members are selected following a series of meetings, socials and interviews by existing members of the Fraternity at Lehigh.Women selected for membership must have good scholarship,be of good character, have an interest in activities that will enhance the academic atmosphere at Lehigh,and have a sincere desire to contribute to the work of the Fraternity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Members elect the Executive Board annually at a membership meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART III, LINE 1 - ORGANIZATION MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 6 - EXPLANATION OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 7A - HOW MEMBERS OR SHAREHOLDERS ELECT GOVERNI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt045884
IRS990/TotalAssetsEOYAmt076102
IRS990/TotalAssetsGrp/BOYAmt045884
IRS990/TotalAssetsGrp/EOYAmt076102
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0338521
IRS990/TotalGrossUBIAmt0164
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045884
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt076102
IRS990/TotalProgramServiceRevenueAmt0368575
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0368575
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0368739
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0164
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt045884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt076102
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt098 Upper Sayre Park Road
IRS990/USAddress/CityNm0BETHLEHEM
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd018018
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0http://www.lehighalphaphi.com/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Zytkowicz Paige
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP OF FINANCE
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALPHA PHI INTERNATIONAL FRATERNITY-
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EPSILON PSI CHAPTER
ReturnHeader/Filer/BusinessNameControlTxt0ALPH
ReturnHeader/Filer/EIN0232008808
ReturnHeader/Filer/PhoneNum09166877700
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 270
ReturnHeader/Filer/USAddress/CityNm0WILTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095693
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262848481
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SORORITY SOLUTIONS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011708 GREEN ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095693
ReturnHeader/PreparerPersonGrp/PhoneNum09166877700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE SPORTELLI
ReturnHeader/ReturnTs02019-08-28T09:43:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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.$0.88$0.00$0.88$4.28$4.17$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.00$0.78$4.05$4.09$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$3.76$3.85$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$3.37$3.58$0.21
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.51$0.81$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$3.64$2.98$0.66
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$3.69$3.39$0.30
2018Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$3.70$3.56$0.14
2017Summary only. Only limited summary data is available for this year.$0.32$0.00$0.32$3.44$3.27$0.18
2016Summary only. Only limited summary data is available for this year.$0.32$0.17$0.14$3.35$3.30$0.05
2015Summary only. Only limited summary data is available for this year.$0.34$0.25$0.10$3.29$3.21$0.07
2014Summary only. Only limited summary data is available for this year.$0.47$0.45$0.02$2.88$2.57$0.31
2013Summary only. Only limited summary data is available for this year.$1.21$0.00$1.21$3.14$2.91$0.22
2012Summary only. Only limited summary data is available for this year.$1.88$0.72$1.16$2.93$2.65$0.29
2011Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$2.49$2.48$0.01