Civic Intelligence

Greater Jacksonville Fishing Tournament Inc.

990 • Fiscal year 2021 • EIN 59-2425132

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 22, 2022

8203 Hecksher DriveJacksonville, FL 32226

(904) 251-3011

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

27th percentile

-0.2%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

13th percentile

-7.7%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

42nd percentile

5.7%

Faster revenue growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$154,301

Down $12,958 (-7.7%) from 2020

Net Assets

Down

$153,983

Down $738 (-0.5%) from 2020

Liabilities

Down

$318

Down $12,220 (-97%) from 2020

Revenue

Up

$673,316

Up $36,033 (+5.7%) from 2020

Expenses

Up

$674,878

Up $65,627 (+11%) from 2020

Net Income

Down

-$1,562

Down $29,594 (-106%) 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$0Assets 2010: $13,221Liabilities 2010: $25Net Assets 2010: $13,1962010Assets 2011: $20,833Liabilities 2011: $13,270Net Assets 2011: $7,5632011Assets 2012: $5,199Liabilities 2012: $196Net Assets 2012: $5,0032012Assets 2013: $20,417Liabilities 2013: $130Net Assets 2013: $20,2872013Assets 2014: $20,958Liabilities 2014: $342Net Assets 2014: $20,6162014Assets 2015: $40,017Liabilities 2015: $1,509Net Assets 2015: $38,5082015Assets 2016: $58,368Liabilities 2016: $1,120Net Assets 2016: $57,2482016Assets 2017: $92,549Liabilities 2017: $6,595Net Assets 2017: $85,9542017Assets 2018: $123,094Liabilities 2018: $12,591Net Assets 2018: $110,5032018Assets 2019: $133,802Liabilities 2019: $7,113Net Assets 2019: $126,6892019Assets 2020: $167,259Liabilities 2020: $12,538Net Assets 2020: $154,7212020Assets 2021: $154,301Liabilities 2021: $318Net Assets 2021: $153,9832021Assets 2022: $181,718Liabilities 2022: $35,000Net Assets 2022: $146,7182022Assets 2023: $187,183Liabilities 2023: $36,859Net Assets 2023: $150,3242023Assets 2024: $113,521Liabilities 2024: $37,000Net Assets 2024: $76,5212024Assets 2025: $116,004Liabilities 2025: $1,949Net Assets 2025: $114,0552025

Highlighted filing

2021

Assets$154,301
Liabilities$318
Net Assets$153,983

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $647,002Expenses 2010: $647,536Net Income 2010: -$5342010Revenue 2011: $458,644Expenses 2011: $464,217Net Income 2011: -$5,5732011Revenue 2012: $436,916Expenses 2012: $439,476Net Income 2012: -$2,5602012Revenue 2013: $359,340Expenses 2013: $344,056Net Income 2013: $15,2842013Revenue 2014: $343,920Expenses 2014: $343,592Net Income 2014: $3282014Revenue 2015: $405,444Expenses 2015: $386,099Net Income 2015: $19,3452015Revenue 2016: $440,085Expenses 2016: $421,345Net Income 2016: $18,7402016Revenue 2017: $497,022Expenses 2017: $468,316Net Income 2017: $28,7062017Revenue 2018: $515,564Expenses 2018: $491,214Net Income 2018: $24,3502018Revenue 2019: $539,167Expenses 2019: $522,236Net Income 2019: $16,9312019Revenue 2020: $637,283Expenses 2020: $609,251Net Income 2020: $28,0322020Revenue 2021: $673,316Expenses 2021: $674,878Net Income 2021: -$1,5622021Revenue 2022: $573,534Expenses 2022: $579,577Net Income 2022: -$6,0432022Revenue 2023: $593,852Expenses 2023: $590,247Net Income 2023: $3,6052023Revenue 2024: $758,789Expenses 2024: $837,340Net Income 2024: -$78,5512024Revenue 2025: $695,324Expenses 2025: $695,860Net Income 2025: -$5362025

Highlighted filing

2021

Revenue$673,316
Expenses$674,878
Net Income-$1,562
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 22, 2022
Return Version
2021v4.2
Gross Receipts
$673,316
Mission and Program Overview

Mission

Reef restoration and preservation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$155,351$142,418▼ $12,933
Prepaid Expenses and Deferred Charges$10,025$10,000▼ $25
Inventories for Sale or Use$1,883$1,883→ $0
Total Assets$167,259$154,301▼ $12,958
Liabilities
Deferred Revenue$11,035--
Accounts Payable and Accrued Expenses$1,503$318▼ $1,185
Total Liabilities$12,538$318▼ $12,220
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$154,721$153,983▼ $738
Total Net Assets Fund Balance$154,721$153,983▼ $738
Total Liabilities and Net Assets / Fund Balance$167,259$154,301▼ $12,958

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$83,611$83,611
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim SuberChairman
Bob BrindleVice Chairman
Carl DisalvoDirector
Charles DarnerDirector
Dave WorkmanDirector
Fred HolmesDirector
Glenn MorningstarDirector
Howard CollinsDirector
Jeff LentzDirector
Robert GipsonDirector
Steve ThompsonDirector
Tom AndersonDirector
Steve HouldAttorney of Record
Inez HigginbothamSecretary
Rita ContosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$465,648
Program Service Revenue
$207,209
Investment Income
$459
Other Revenue
$0
All Other Contributions
$465,648
Change in Net Assets
$-1,562

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Boats and Planes1$13,725Mfg Suggested Retail
Total Noncash Contributions1$13,725-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$631,711
Salaries, Compensation, and Employee Benefits$43,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$513,116--$513,116
Occupancy$47,628--$47,628
Other Salaries and Wages$37,300$3,024-$40,324
Advertising$30,772--$30,772
Information Technology$9,427$372-$9,799
Office Expenses$4,793$684-$5,477
Other Expenses$5,055--$5,055
Fees for Services Accounting$2,682$217-$2,899
Payroll Taxes$2,630$213-$2,843
Insurance$2,400--$2,400
Total Functional Expenses$670,368$4,510$0$674,878
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Executive administrator and treasurer review the form 990 before filing.

Conflict of interest policy compliance Part VI line 12C

Presented to board of directors per occurence, reviewed annually.

Governing documents etc available to public Part VI line 19

Governing documents made available to the public as requested.

Filing and Contact Details

Filer

Filer Name
Jacksonville Marine Charities Inc
EIN
59-2425132
Address
8203 HECKSHER DRIVE, Jacksonville, FL 32226
Doing Business As
Greater Jacksonville Kingfish

Signing Officer

Name
Bob Brindle
Title
Vice Chairman
Phone
9042513011
Signed
2022-10-22
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
115

Preparer

Firm
M E Caplan Pa
Address
PO BOX 57310, Jacksonville, FL 32241
Preparer
M Elizabeth Caplan
Phone
9044480144
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Prior period adjustment $824

List of other expenses Part IX line 24E

See supplemental schedule for detailed information.

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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0824
IRS990/OtherExpensesGrp/Desc0COMMITTEE EXPENSE
IRS990/OtherExpensesGrp/Desc1BOD EXPENSE
IRS990/OtherExpensesGrp/Desc2CREDIT CARD CHARGES
IRS990/OtherExpensesGrp/Desc3CONCESSION COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt04583
IRS990/OtherExpensesGrp/ProgramServicesAmt11905
IRS990/OtherExpensesGrp/ProgramServicesAmt28077
IRS990/OtherExpensesGrp/ProgramServicesAmt35055
IRS990/OtherExpensesGrp/TotalAmt04583
IRS990/OtherExpensesGrp/TotalAmt11905
IRS990/OtherExpensesGrp/TotalAmt28077
IRS990/OtherExpensesGrp/TotalAmt35055
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03024
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037300
IRS990/OtherSalariesAndWagesGrp/TotalAmt040324
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0213
IRS990/PayrollTaxesGrp/ProgramServicesAmt02630
IRS990/PayrollTaxesGrp/TotalAmt02843
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010025
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1CONCESSIONS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0185145
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122064
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0185145
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122064
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0416624
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0417
IRS990/PYOtherExpensesAmt0572226
IRS990/PYProgramServiceRevenueAmt0220242
IRS990/PYRevenuesLessExpensesAmt028032
IRS990/PYSalariesCompEmpBnftPaidAmt037025
IRS990/PYTotalExpensesAmt0609251
IRS990/PYTotalRevenueAmt0637283
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1562
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0207209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0465648
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0416624
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0342532
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0317920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0304545
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01847269
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0458
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0417
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0355
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0207
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01739
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0185145
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0220242
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0196281
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0197343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0192270
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0991281
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0458
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0417
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0355
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01739
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt02838550
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0650793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0636866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0538813
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0515263
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0496815
IRS990ScheduleA/Total509Grp/TotalAmt02838550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0651251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0637283
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0539168
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0515565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0497022
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02840289
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083611
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt083611
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/BoatsAndPlanesGrp/ContributionCnt01
IRS990ScheduleM/BoatsAndPlanesGrp/MethodOfDeterminingRevenuesTxt0MFG SUGGESTED RETAIL
IRS990ScheduleM/BoatsAndPlanesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BoatsAndPlanesGrp/NoncashContributionsRptF990Amt013725
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE PRIZE BOAT IS GIVEN DIRECTLY FROM THE DEALER TO THE PRIZE WINNER, THE BOAT IS NEVER TITLED TO THE ORGANIZATION.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Contribution holding requirement (Part I, line 30b)
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE ADMINISTRATOR AND TREASURER REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRESENTED TO BOARD OF DIRECTORS PER OCCURENCE, REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS MADE AVAILABLE TO THE PUBLIC AS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR PERIOD ADJUSTMENT $824
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE SUPPLEMENTAL SCHEDULE FOR DETAILED INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0167259
IRS990/TotalAssetsEOYAmt0154301
IRS990/TotalAssetsGrp/BOYAmt0167259
IRS990/TotalAssetsGrp/EOYAmt0154301
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0465648
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04510
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0670368
IRS990/TotalFunctionalExpensesGrp/TotalAmt0674878
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.16$0.02$1.14$6.95$6.96$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.14$0.37$0.77$7.59$8.37$0.79
2023Detailed filing. Detailed filing data is available for this year.$1.87$0.37$1.50$5.94$5.90$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.35$1.47$5.74$5.80$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$6.73$6.75$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.67$0.13$1.55$6.37$6.09$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.07$1.27$5.39$5.22$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.13$1.11$5.16$4.91$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.07$0.86$4.97$4.68$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.01$0.57$4.40$4.21$0.19
2015Summary only. Only limited summary data is available for this year.$0.40$0.02$0.39$4.05$3.86$0.19
2014Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$3.44$3.44$0.00
2013Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$3.59$3.44$0.15
2012Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$4.37$4.39$0.03
2011Summary only. Only limited summary data is available for this year.$0.21$0.13$0.08$4.59$4.64$0.06
2010Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$6.47$6.48$0.01