Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.08x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
86th percentile
Higher net margin than 86% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 25.6% of source-year revenue.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
88th percentile
Faster revenue growth than 88% of similar nonprofits.
Balance Sheet
Assets
Up$101,350
Up $34,833 (+52%) from 2015
Net Assets
Up$93,475
Up $38,450 (+70%) from 2015
Liabilities
Down$7,875
Down $3,617 (-31%) from 2015
Revenue And Expenses
Revenue
Up$115,033
Up $44,088 (+62%) from 2015
Expenses
Up$76,583
Up $395 (+0.5%) from 2015
Net Income
Up$38,450
Up $43,693 (+833%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Aug 26, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $115,033
Mission and Program Overview
Mission
Missions-proclaim the gospel
Missions - proclaim the gospel
Program Services
| Description | Grants | Expenses |
|---|---|---|
| BROUGHT ENCOURAGEMENT TEACHING AND TRAINING TO THE CHRISTIAN CHURCH GROUPS AND INDIVIDUALS IN THE UNITED STATES COSTA RICA NICARAGUA AND SOUTH AMERICA | - | $42,867 |
| CONTRIBUTED TO THE WORK OF OTHER MISSION ORGANIZATIONS AND INDIVIDUALS WITH A SIMILAR VISION TO PROCLAIM THE GOSPEL OF JESUS CHRIST | $21,102 | $21,102 |
| HURRICANE DISASTER RELIEF - PROVIDED BASIC LIVING SUPPLIES TOOTH BRUSH TOOTHPASTE DEODORANT CLEANING SUPPLIES TO ABOUT 100 INDIVIDUALS IN UPALA ALAJUELA COSTA RICA | $5,000 | $5,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOHN M CLAY | Pres Director | FT | $29,460 | - | $29,460 |
| CHARLES T MURPHY | V Pres Director | - | $0 | - | - |
| RANAE J CLAY | Sec Director | PT | $0 | - | - |
| REX WOLSTENHOLM | Treas Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Proclamation Ministries Inc
- EIN
- 43-1928347
- Address
- PO Box 286, Noel, MO 64854
Signing Officer
- Name
- John M Clay
- Title
- Pres Director
- Phone
- 4174755957
- Signed
- 2017-08-26
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Kent W Kalb CPA
- Address
- 5405 TROUP HWY STE 204, TYLER, TX 75707
- Preparer
- Kent W Kalb CPA
- Phone
- 9039391120
Supplemental Narrative
Additional Explanations
List of grants and similar amounts paid Part I line 10
“Activity Contributions to Missions Grantee Pastor Martin Murillo Fletes Street Near ICE Tower City, Province, Country, Postal Armenias, Alajeulah Costa RicaRelationship None Amount 5,971Activity Contributions to Missions Grantee Various Foreign Ministries Street Less than $5,000 each City, Province, Country, Postal Costa Rica, Nicaragua, Various OCRelationship None Amount 11,131Activity Hurricane Disaster Relief Grantee Various Individuals Street Less than $5,000 each City, Province, Country, Postal Upala, Alajuela Costa RicaRelationship None Amount 5,000Activity Contributions to Missions and Benevolence Grantee Various U.S. Based Street Less than $5,000 each City, State, Zip Noel, MO 64854Relationship None Amount 4,000”
Description of other expenses Part I line 16
“Description AmountAuto expenses 1,590Books and ministry aids 254Depreciation 6,022Interest expense 249Miscellaneous 169Supplies 1,474Telephone 715Travel 10,883”
Description of other assets Part II line 24
“Category Beginning of Year End of YearOther Fixed Assets - Net 61,964 12,526”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearNote Payable 11,492 7,775Credit Card Payable 0 100”
Raw XML Appendix167 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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | JOHN M CLAY |
| CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt | 0 | Salary $9,000 Taxable fringe benefits $1,860 ----------------------------------- Per W-2 $10,860 Minister housing allowance $18,600 ----------------------------------- Total $29,460 |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JOHN M CLAY |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4174755957 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO Box 286 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Noel |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MO |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 64854 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 4553 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 19791 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 115033 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 38450 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 400 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 66517 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 101350 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 26102 |
| IRS990EZ/GrossReceiptsAmt | 0 | 115033 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 69033 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 55025 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 93475 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 55025 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 93475 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 29460 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOHN M CLAY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CHARLES T MURPHY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RANAE J CLAY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | REX WOLSTENHOLM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRES DIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | V PRES DIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SEC DIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREAS DIR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 61964 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 12526 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21356 |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | MISSIONS - PROCLAIM THE GOSPEL |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1125 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | BROUGHT ENCOURAGEMENT TEACHING AND TRAINING TO THE CHRISTIAN CHURCH GROUPS AND INDIVIDUALS IN THE UNITED STATES COSTA RICA NICARAGUA AND SOUTH AMERICA |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | CONTRIBUTED TO THE WORK OF OTHER MISSION ORGANIZATIONS AND INDIVIDUALS WITH A SIMILAR VISION TO PROCLAIM THE GOSPEL OF JESUS CHRIST |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | HURRICANE DISASTER RELIEF - PROVIDED BASIC LIVING SUPPLIES TOOTH BRUSH TOOTHPASTE DEODORANT CLEANING SUPPLIES TO ABOUT 100 INDIVIDUALS IN UPALA ALAJUELA COSTA RICA |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd | 0 | X |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd | 1 | X |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 21102 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 5000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 42867 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 21102 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 5000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 27600 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 11492 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 7875 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 76583 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 68969 |
| IRS990EZ/TotalRevenueAmt | 0 | 115033 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | none |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 115033 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 70945 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 71824 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 66099 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 81608 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 405509 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.74450 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.64700 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 301889 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 103620 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 115033 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 70945 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 71824 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 66099 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 81608 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 405509 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 405509 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Contributions to Missions Grantee Pastor Martin Murillo Fletes Street Near ICE Tower City, Province, Country, Postal Armenias, Alajeulah Costa RicaRelationship None Amount 5,971Activity Contributions to Missions Grantee Various Foreign Ministries Street Less than $5,000 each City, Province, Country, Postal Costa Rica, Nicaragua, Various OCRelationship None Amount 11,131Activity Hurricane Disaster Relief Grantee Various Individuals Street Less than $5,000 each City, Province, Country, Postal Upala, Alajuela Costa RicaRelationship None Amount 5,000Activity Contributions to Missions and Benevolence Grantee Various U.S. Based Street Less than $5,000 each City, State, Zip Noel, MO 64854Relationship None Amount 4,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountAuto expenses 1,590Books and ministry aids 254Depreciation 6,022Interest expense 249Miscellaneous 169Supplies 1,474Telephone 715Travel 10,883 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearOther Fixed Assets - Net 61,964 12,526 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearNote Payable 11,492 7,775Credit Card Payable 0 100 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOHN M CLAY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRES DIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4174755957 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-08-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROCLAMATION MINISTRIES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PROC |
| ReturnHeader/Filer/EIN | 0 | 431928347 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 286 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Noel |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MO |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 64854 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | F185FBABEB85CDEFE8D6AD7A726D2B920F640FE1 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | F185FBABEB85CDEFE8D6AD7A726D2B920F640FE1 |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId | 0 | 7521482017240hjhqcl1 |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt | 0 | 2017-08-28 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 75.109.200.74 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2017-08-28 |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 11:30:26 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 261740223 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | KENT W KALB CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5405 TROUP HWY STE 204 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TYLER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75707 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9039391120 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-08-28 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KENT W KALB CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2017-08-28T11:29:30-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
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.
- Assets
- $101,350
- Liabilities
- $7,875
- Net assets
- $93,475
- Revenue
- $115,033
- Expenses
- $76,583
- Net income
- $38,450