Civic Intelligence

Nathan Yip Foundation

990 • Fiscal year 2022 • EIN 82-0549095

Apr 01, 2022 to Dec 31, 2022 • Filed on Oct 26, 2023

6295 Greenwood Plaza BlvdGreenwood Village, CO 80111

(303) 817-8400

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$497,618

Down $33,338 (-6.3%) from 2021

Net Assets

Down

$488,752

Down $22,832 (-4.5%) from 2021

Liabilities

Down

$8,866

Down $10,506 (-54%) from 2021

Revenue And Expenses

Revenue

Down

$129,507

Down $79,790 (-38%) from 2021

Expenses

Up

$302,850

Up $158,424 (+110%) from 2021

Net Income

Down

-$173,343

Down $238,214 (-367%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2010: $98,767Liabilities 2010: $1,851Net Assets 2010: $96,9162010Assets 2011: $205,403Liabilities 2011: $1,969Net Assets 2011: $203,4342011Assets 2012: $358,404Liabilities 2012: $52,100Net Assets 2012: $306,3042012Assets 2013: $493,750Liabilities 2013: $105,477Net Assets 2013: $388,2732013Assets 2014: $521,109Liabilities 2014: $103,805Net Assets 2014: $417,3042014Assets 2015: $503,645Liabilities 2015: $24,690Net Assets 2015: $478,9552015Assets 2016: $554,238Liabilities 2016: $61,999Net Assets 2016: $492,2392016Assets 2017: $421,277Liabilities 2017: $32,342Net Assets 2017: $388,9352017Assets 2018: $541,868Liabilities 2018: $138,175Net Assets 2018: $403,6932018Assets 2019: $467,490Liabilities 2019: $93,910Net Assets 2019: $373,5802019Assets 2020: $383,463Liabilities 2020: $24,605Net Assets 2020: $358,8582020Assets 2021: $530,956Liabilities 2021: $19,372Net Assets 2021: $511,5842021Assets 2022: $674,787Liabilities 2022: -$1,290Net Assets 2022: $676,0772022Assets 2022: $497,618Liabilities 2022: $8,866Net Assets 2022: $488,7522022Assets 2023: $628,219Liabilities 2023: $83,878Net Assets 2023: $544,3412023Assets 2024: $557,085Liabilities 2024: $85,433Net Assets 2024: $471,6522024

Highlighted filing

2022

Assets$497,618
Liabilities$8,866
Net Assets$488,752

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $308,6662010Revenue 2011: $162,518Expenses 2011: $56,000Net Income 2011: $106,5182011Revenue 2012: $344,834Expenses 2012: $241,964Net Income 2012: $102,8702012Revenue 2013: $302,363Expenses 2013: $220,074Net Income 2013: $82,2892013Revenue 2014: $273,069Expenses 2014: $244,038Net Income 2014: $29,0312014Revenue 2015: $287,082Expenses 2015: $224,507Net Income 2015: $62,5752015Revenue 2016: $303,576Expenses 2016: $290,292Net Income 2016: $13,2842016Revenue 2017: $241,413Expenses 2017: $344,715Net Income 2017: -$103,3022017Revenue 2018: $277,297Expenses 2018: $262,541Net Income 2018: $14,7562018Revenue 2019: $314,415Expenses 2019: $384,528Net Income 2019: -$70,1132019Revenue 2020: $333,322Expenses 2020: $348,244Net Income 2020: -$14,9222020Revenue 2021: $209,297Expenses 2021: $144,426Net Income 2021: $64,8712021Revenue 2022: $322,718Expenses 2022: $243,922Net Income 2022: $78,7962022Revenue 2022: $129,507Expenses 2022: $302,850Net Income 2022: -$173,3432022Revenue 2023: $485,799Expenses 2023: $440,210Net Income 2023: $45,5892023Revenue 2024: $381,798Expenses 2024: $454,487Net Income 2024: -$72,6892024

Highlighted filing

2022

Revenue$129,507
Expenses$302,850
Net Income-$173,343
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Dec 31, 2022
Signed
Oct 26, 2023
Return Version
2022v5.0
Gross Receipts
$155,305
Mission and Program Overview

Mission

The purpose or the organization is to reach out to underprivileged children throughout the world thereby enriching their lives by providing schools, education and ongoing support.

To make contributions to support education in rural colorado

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$340,861$326,079▼ $14,782
Savings and Temporary Cash Investments$328,011$118,387▼ $209,624
Prepaid Expenses and Deferred Charges$1,200$51,260▲ $50,060
Accounts Receivable$4,715$1,892▼ $2,823
Loans From Officers Directors$0--
Total Assets$674,787$497,618▼ $177,169
Liabilities
Deferred Revenue$0$5,947▲ $5,947
Accounts Payable and Accrued Expenses$-1,290$2,919▲ $4,209
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$-1,290$8,866▲ $10,156
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$596,837$399,512▼ $197,325
Net Assets With Donor Restrictions$79,240$89,240▲ $10,000
Total Net Assets Fund Balance$676,077$488,752▼ $187,325
Total Liabilities and Net Assets / Fund Balance$674,787$497,618▼ $177,169

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$71,171--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$340,861$21,521▼ $33,807$0$326,079
2021$273,251$41,225▲ $29,388$0$340,861
2020$206,874$7,100▲ $62,255$0$273,250
2019$221,599$0▼ $14,525$0$206,874
2018$0$221,864→ $0$0$221,599
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon OlafsonPresident
Alan FroshVice President
Adrienne Ruston FitzgibbonsDirector
Deborah YimDirector
Doris BurdDirector
Jack MarksonDirector
Jane NetzorgDirector
Lawrence ChanDirector
Melly KinnardDirector
Rajesh BabuDirector
Sam BaconDirector
Suzanne BuchananDirector
Thomas DyerDirector
Linda YipNon- Voting Director
Jimmy YipNon-voting Director
Martha HussainSecretary
Debby BuescherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$106,370
Program Service Revenue
$0
Investment Income
$262
Other Revenue
$22,875
All Other Contributions
$90,753
Change in Net Assets
$-173,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$206,192
Other Expenses$96,658
Total Fundraising Expense$34,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$104,868--$104,868
Grants to Domestic Orgs$101,324--$101,324
Fees for Services Management$17,583$17,583$17,583$52,749
Occupancy$5,775$5,775$5,775$17,325
Information Technology$3,198$3,197$3,197$9,592
Fees for Services Accounting$1,274$1,275$1,274$3,823
Other Expenses$1,000$0$2,442$3,442
Fees for Service Investment Mgmnt Fees$832$832$832$2,496
Fees for Services Other$734$734$733$2,201
Office Expenses$687$687$687$2,061
Insurance$365$364$364$1,093
Conferences and Meetings$113--$113
Total Functional Expenses$237,753$30,447$34,650$302,850
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alamosa School DistrictAlamosa, CO501 (c) (3)Education$30,000
Eads High SchoolEads, CO501 (c) (3)Education$28,824
Akron School DistrictAkron, CO501 (c) (3)Education$16,000
Mt Evans BocesBailey, CO501 (c) (3)Education$10,000
Ute Mountain Ute TribeTowaic, CO501 (c) (3)Education$10,000
North Park SchoolWalden, CO501 (c) (3)Education$6,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,673
Fundraising Direct Expenses$25,798
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sushi Dinner$22,083$20,554$494$20,060
Dim Sum$22,989$13,695$671$13,024
Total Events$64,290$48,673$25,798$22,875
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Linda and james yip are married

Form 990, Part VI, Section A, Line 7A

The foundation's officers are elected by the directors from the current director membership

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the executive director and the treasurer with the preparing accountant prior to filing. A copy of the form 990 is given to each of the directors.

Form 990, Part VI, Section C, Line 18

The form 990 is available to the public upon request

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Nathan Yip Foundation
EIN
82-0549095
Phone
3038178400
Address
6295 GREENWOOD PLAZA BLVD, GREENWOOD VILLAGE, CO 80111

Signing Officer

Name
Jill Henwood
Title
Executive Director
Phone
3038178400
Signed
2023-10-26

Organization Details

Principal Officer
Jill Henwood
Formed
2002
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
30
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

There is one board designated endowment fund and two donor designated funds to be used for educational projects in accordance with the organization's current mission

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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt00
IRS990/GrantAmt0101324
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0104868
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0104868
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0101324
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0101324
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0155305
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03197
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03197
IRS990/InformationTechnologyGrp/ProgramServicesAmt03198
IRS990/InformationTechnologyGrp/TotalAmt09592
IRS990/InsuranceGrp/FundraisingAmt0364
IRS990/InsuranceGrp/ManagementAndGeneralAmt0364
IRS990/InsuranceGrp/ProgramServicesAmt0365
IRS990/InsuranceGrp/TotalAmt01093
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0262
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0262
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0340861
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0326079
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF THE ORGANIZATION IS TO CLOSE THE EDUCATIONAL OPPORTUNITY AND EQUALITY GAP BETWEEN RURAL AND URBAN AREAS BY SUPPORTING RURAL EDUCATION IN COLORADO
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0676077
IRS990/NetAssetsOrFundBalancesEOYAmt0488752
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt022875
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt022875
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-33807
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0596837
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0399512
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/FundraisingAmt05775
IRS990/OccupancyGrp/ManagementAndGeneralAmt05775
IRS990/OccupancyGrp/ProgramServicesAmt05775
IRS990/OccupancyGrp/TotalAmt017325
IRS990/OfficeExpensesGrp/FundraisingAmt0687
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0687
IRS990/OfficeExpensesGrp/ProgramServicesAmt0687
IRS990/OfficeExpensesGrp/TotalAmt02061
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEALS
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/FundraisingAmt01763
IRS990/OtherExpensesGrp/FundraisingAmt12442
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt11000
IRS990/OtherExpensesGrp/TotalAmt01763
IRS990/OtherExpensesGrp/TotalAmt13442
IRS990/OtherRevenueTotalAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051260
IRS990/PrincipalOfficerNm0JILL HENWOOD
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE RURAL TEACHERS GRANT PROGRAM PROVIDES FUNDING TO TEACHERS IN SMALL RURAL COLORADO SCHOOLS TO IMPLEMENT SMALLER PROJECTS AND PROGRAMS IN THEIR CLASSROOMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0117432
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0104868
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0316913
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0107604
IRS990/PYInvestmentIncomeAmt0309
IRS990/PYOtherExpensesAmt0136318
IRS990/PYOtherRevenueAmt05496
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt078796
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0243922
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0322718
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-173343
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0328011
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0118387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106370
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0316913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0213095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0194156
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218896
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01049430
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0261
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0309
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0-13525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-463
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0-13260
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90998
IRS990ScheduleA/PublicSupportPY170Pct00.89672
IRS990ScheduleA/PublicSupportTotal170Amt0942897
IRS990ScheduleA/SubstantialContributorsTotAmt0106533
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106370
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0316913
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0213095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0194156
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218896
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01049430

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.57$0.85$4.72$3.82$4.54$0.73
2023Detailed filing. Detailed filing data is available for this year.$6.28$0.84$5.44$4.86$4.40$0.46
2022Detailed filing. Detailed filing data is available for this year.$6.75$0.01$6.76$3.23$2.44$0.79
2022Detailed filing. Detailed filing data is available for this year.$4.98$0.09$4.89$1.30$3.03$1.73
2021Detailed filing. Detailed filing data is available for this year.$5.31$0.19$5.12$2.09$1.44$0.65
2020Summary only. Only limited summary data is available for this year.$3.83$0.25$3.59$3.33$3.48$0.15
2019Summary only. Only limited summary data is available for this year.$4.67$0.94$3.74$3.14$3.85$0.70
2018Summary only. Only limited summary data is available for this year.$5.42$1.38$4.04$2.77$2.63$0.15
2017Summary only. Only limited summary data is available for this year.$4.21$0.32$3.89$2.41$3.45$1.03
2016Summary only. Only limited summary data is available for this year.$5.54$0.62$4.92$3.04$2.90$0.13
2015Summary only. Only limited summary data is available for this year.$5.04$0.25$4.79$2.87$2.25$0.63
2014Summary only. Only limited summary data is available for this year.$5.21$1.04$4.17$2.73$2.44$0.29
2013Summary only. Only limited summary data is available for this year.$4.94$1.05$3.88$3.02$2.20$0.82
2012Summary only. Only limited summary data is available for this year.$3.58$0.52$3.06$3.45$2.42$1.03
2011Summary only. Only limited summary data is available for this year.$2.05$0.02$2.03$1.63$0.56$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.02$0.97$3.09