Civic Intelligence

National Cable Satellite Corp

EIN 84-0751854 • 501(c)3 • Washington, DC

Profile

Provide the public access to the live gavel-to-gavel proceedings of both houses of the u.s. Congress, and other forums where public policy is discussed, debated, and decided- -all without editing, commentary or analysis and with a balanced presentation of points of view; (continued) provide elected and appointed officials and others who would influence public policy a direct conduit to the audience without filtering or otherwise distorting their points of view; provide the audience, through the call-in program, direct access to elected officials, other decision makers and journalists on a frequent and open basis; employ production values that accurately convey the business of government rather than distract from it; and conduct all other aspects of its operations consistent with these principles.

400 N Capitol Street NW 155Washington, DC 20001-1550

www.c-span.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.14x

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

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

67th percentile

0.76x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

33rd percentile

0.0%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

45th percentile

$732,843

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

18th percentile

-1.8%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

-0.6%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$257,852,150

Up $6,521,196 (+2.6%) from 2023

Liabilities

Down

$35,008,571

Down $8,359,963 (-19%) from 2023

Net Assets

Up

$222,843,579

Up $14,881,159 (+7.2%) from 2023

Revenue

Down

$46,032,036

Down $3,402,830 (-6.9%) from 2023

Expenses

Up

$46,009,840

Up $1,856,923 (+4.2%) from 2023

Net Income

Down

$22,196

Down $5,259,753 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $112,715,694Liabilities 2010: $2,041,251Net Assets 2010: $110,674,4432010Assets 2011: $128,464,908Liabilities 2011: $2,702,654Net Assets 2011: $125,762,2542011Assets 2012: $139,808,882Liabilities 2012: $1,745,233Net Assets 2012: $138,063,6492012Assets 2013: $152,314,102Liabilities 2013: $1,485,722Net Assets 2013: $150,828,3802013Assets 2014: $168,308,778Liabilities 2014: $1,889,612Net Assets 2014: $166,419,1662014Assets 2015: $180,575,064Liabilities 2015: $1,868,699Net Assets 2015: $178,706,3652015Assets 2016: $179,555,626Liabilities 2016: $2,105,446Net Assets 2016: $177,450,1802016Assets 2017: $191,602,630Liabilities 2017: $2,323,541Net Assets 2017: $189,279,0892017Assets 2018: $212,985,532Liabilities 2018: $12,975,029Net Assets 2018: $200,010,5032018Assets 2019: $215,782,651Liabilities 2019: $14,016,424Net Assets 2019: $201,766,2272019Assets 2020: $200,978,087Liabilities 2020: $13,779,610Net Assets 2020: $187,198,4772020Assets 2021: $229,264,446Liabilities 2021: $13,749,647Net Assets 2021: $215,514,7992021Assets 2022: $223,151,970Liabilities 2022: $11,631,487Net Assets 2022: $211,520,4832022Assets 2023: $251,330,954Liabilities 2023: $43,368,534Net Assets 2023: $207,962,4202023Assets 2025: $257,852,150Liabilities 2025: $35,008,571Net Assets 2025: $222,843,5792025

Highlighted filing

2025

Assets$257,852,150
Liabilities$35,008,571
Net Assets$222,843,579

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $53,972,4662010Expenses 2011: $58,302,5842011Expenses 2012: $62,025,9952012Expenses 2013: $64,979,3812013Revenue 2014: $73,244,854Expenses 2014: $63,409,586Net Income 2014: $9,835,2682014Revenue 2015: $73,325,458Expenses 2015: $61,583,429Net Income 2015: $11,742,0292015Revenue 2016: $70,061,705Expenses 2016: $66,135,101Net Income 2016: $3,926,6042016Revenue 2017: $69,214,001Expenses 2017: $65,459,853Net Income 2017: $3,754,1482017Revenue 2018: $71,385,425Expenses 2018: $63,721,541Net Income 2018: $7,663,8842018Revenue 2019: $69,035,691Expenses 2019: $64,296,954Net Income 2019: $4,738,7372019Revenue 2020: $63,760,168Expenses 2020: $63,383,772Net Income 2020: $376,3962020Revenue 2021: $63,706,081Expenses 2021: $57,762,531Net Income 2021: $5,943,5502021Revenue 2022: $53,839,575Expenses 2022: $57,253,203Net Income 2022: -$3,413,6282022Revenue 2023: $49,434,866Expenses 2023: $44,152,917Net Income 2023: $5,281,9492023Revenue 2025: $46,032,036Expenses 2025: $46,009,840Net Income 2025: $22,1962025

Highlighted filing

2025

Revenue$46,032,036
Expenses$46,009,840
Net Income$22,196

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$258$35.0$223$46.0$46.0$0.02
2023Summary only. Only limited summary data is available for this year.$251$43.4$208$49.4$44.2$5.28
2022Summary only. Only limited summary data is available for this year.$223$11.6$212$53.8$57.3$3.41
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$229$13.7$216$63.7$57.8$5.94
2020Summary only. Only limited summary data is available for this year.$201$13.8$187$63.8$63.4$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$216$14.0$202$69.0$64.3$4.74
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$213$13.0$200$71.4$63.7$7.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$192$2.32$189$69.2$65.5$3.75
2016Summary only. Only limited summary data is available for this year.$180$2.11$177$70.1$66.1$3.93
2015Detailed filing. Detailed filing data is available for this year.$181$1.87$179$73.3$61.6$11.7
2014Detailed filing. Detailed filing data is available for this year.$168$1.89$166$73.2$63.4$9.84
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$152$1.49$151$65.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$140$1.75$138$62.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$2.70$126$58.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$2.04$111$54.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 10, 2026
Return Version
2024v5.5
Gross Receipts
$89,382,431
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$146,711,348$148,864,288▲ $2,152,940
Savings and Temporary Cash Investments$43,272,267$38,771,039▼ $4,501,228
Intangible Assets$35,339,839$32,910,612▼ $2,429,227
Investments Other Securities$13,756,733$15,225,789▲ $1,469,056
Land, Buildings, and Equipment, Net$11,912,840$11,434,355▼ $478,485
Accounts Receivable$7,088,906$5,668,806▼ $1,420,100
Cash and Non-Interest-Bearing Accounts$2,781,809$3,202,790▲ $420,981
Prepaid Expenses and Deferred Charges$1,598,948$1,774,471▲ $175,523
Total Assets$262,462,690$257,852,150▼ $4,610,540
Liabilities
Other Liabilities$33,666,666$29,583,588▼ $4,083,078
Accounts Payable and Accrued Expenses$5,742,252$5,399,937▼ $342,315
Deferred Revenue$19,392$25,046▲ $5,654
Total Liabilities$39,428,310$35,008,571▼ $4,419,739
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$223,034,380$222,843,579▼ $190,801
Total Net Assets Fund Balance$223,034,380$222,843,579▼ $190,801
Total Liabilities and Net Assets / Fund Balance$262,462,690$257,852,150▼ $4,610,540

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,388,621$47,324,305$52,712,926
Leasehold Improvements$6,045,734$5,375,247$11,420,981
Other Securities$15,225,789--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert KennedyVice-president and Co-CEO (thru 5/24)FT$694,857$37,986$732,843
Robert KennedyVice-president and Co-CEO (thru 5/24-$225,421$507,422$732,843
Susan SwainVice-president and Co-CEOFT$556,644$54,227$610,871
Roxane KerrManagerFT$348,770$81,077$429,847
Brian LambManager/director (thru 8/24)FT$42,187$386,302$428,489
Richard WeinsteinManagerFT$343,330$79,778$423,108
Matthew DepreyCFO/treasurer (from 12/24)FT$350,089$43,545$393,634
Peter KileyManager/directorFT$324,080$57,453$381,533
Martha DominguezManagerFT$323,984$42,213$366,197
Teresa EasleyManagerFT$309,823$54,505$364,328
David LindseyManagerFT$259,880$50,328$310,208
Samuel FeistChief Executive Officer (from 12/24)FT$161,516$55,472$216,988

Board Members and Trustees

NameTitle
Pat EsserChairman/president
Allan BlockDirector
Chris WinfreyDirector
Dave WatsonDirector
Dennis MathewDirector
Jeff DemondDirector
John PascarelliDirector
Julie LaulisDirector
Lou BorrelliDirector
Mark GreatrexDirector
Pat McadaraghDirector
Steve MironDirector
Teresa ElderDirector
Thomas RutledgeDirector
Phil SpencerOutgoing Director
Rocco B CommissoOutgoing Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Regency Commercial ConstructionConstruction Services6901 MUIRKIRK MEADOWS DRIVE SUITE D, Beltsville, MD 20705$2,132,349
National Captioning Institute INCClosed Captioning14801 MURDOCK STREET SUITE 210, Chantilly, VA 20151$438,595
Fox News MediaProduction Services - Network Pool Servi1211 AVENUE OF THE AMERICAS, New York, NY 10036$346,750
Dalet Digital Media Systems USA INCSoftware License88 PINE STREET, New York, NY 10005$305,241
Media Captioning Services INCClosed Captioning2111 PALOMAR AIRPORT ROAD SUITE 22, Carlsbad, CA 92011$275,587
Revenue and Support

Revenue Composition

Contributions and Grants
$280,441
Program Service Revenue
$34,474,327
Investment Income
$11,269,552
Other Revenue
$7,716
All Other Contributions
$280,441
Change in Net Assets
$22,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$45,925,330
Revenue Not Reported on Financial Statements
$106,706
Revenue Not Reported on Form 990
$78,656
Total Revenue per Audited Statements
$46,003,986
Total Revenue per Form 990
$46,032,036
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$29,024,083
Other Expenses$16,930,276
Total Fundraising Expense$234,873
Grants and Similar Amounts Paid$55,481
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,368,336$2,355,126$161,408$22,884,870
Occupancy$582,449$3,374,473$23,885$3,980,807
Current Officers, Directors, Trustees, and Key Employees$2,120,798$245,221$16,806$2,382,825
Depreciation Depletion$2,102,683$51,811$4,318$2,158,812
Information Technology$1,761,476--$1,761,476
Payroll Taxes$1,559,360$180,304$12,357$1,752,021
Pension Plan Contributions$1,424,835$164,749$11,291$1,600,875
Advertising$984,419--$984,419
Fees for Services Other$87,662$611,575-$699,237
All Other Expenses$402,509$212,746-$615,255
Travel$486,425$80,117-$566,542
Insurance-$519,156-$519,156
Office Expenses$174,694$230,210$1,962$406,866
Other Employee Benefits$359,121$41,525$2,846$403,492
Fees for Services Accounting-$260,580-$260,580
Other Expenses$157,636$50,936-$208,572
Fees for Service Investment Mgmnt Fees-$106,706-$106,706
Fees for Services Legal-$55,609-$55,609
Grants to Domestic Orgs$34,524--$34,524
Grants to Domestic Individuals$20,957--$20,957
Total Functional Expenses$37,050,925$8,724,042$234,873$46,009,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$46,071,370
Total Expenses per Form 990$46,009,840
Expenses per Audited Statements$45,903,134
Expenses Not Reported on Form 990$168,236
Expenses Not Reported on Financial Statements$106,706
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Emma L Bowen FoundationNew York, NY501(c)(3)General Support$29,000

International Summary

Offices
0
Employees
0
Spending
$15,225,789

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and Mexico, But Not the United StatesInvestments-00$15,225,789
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$27,320,789
Deferred Compensation$2,262,799
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of form 990 is provided to the finance and audit committee for review and approval. Upon approval, a copy is sent to the full board prior to being filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Each director and officer completes a conflict of interest policy disclosure statement upon his or her election or re-election, and annually thereafter. Each management-level employee will complete such statement upon employment and on an annual basis. Upon receipt of notice of an actual conflict or perception of a conflict from a director or officer, the chairman of the board will instruct the director of legal affairs to provide a written analysis to the finance and audit committee for a final determination and how it is to be resolved. Upon receipt of notice from a management-level employee of a potential conflict, the vice president of human resources will seek from the director of legal affairs a written analysis. The report will be forwarded to the co-chief executive officers (ceo effective dec 2024) for a final determination and how it is to be resolved. When any conflict of interest is relevant to any matter under consideration or requiring action by the board of directors or any committee thereof, the interested person shall call it to the attention of the chairman of the board of directors and shall not be present during the board or committee discussion of the matter and shall provide the board or committee with all relevant information he or she may have related to the matter.

Form 990, Part VI, Section B, Line 15

The executive committee is responsible for approval of compensation for senior executives, including the ceo. Employment agreements are submitted to the board or, as provided in the bylaws, the executive committee for approval. The executive committee retains an independent consulting firm to obtain comparability data and/or an opinion as to the reasonableness of compensation. Deliberations and decisions are summarized in committee minutes.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public at this time.

Filing and Contact Details

Filer

Filer Name
National Cable Satellite Corporation
EIN
84-0751854
Phone
2027373220
Address
400 N CAPITOL STREET NW 155, WASHINGTON, DC 20001-1550
Doing Business As
C-span

Signing Officer

Name
Matthew a Deprey
Title
Chief Financial Officer
Phone
2027373220
Signed
2026-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Feist
Formed
1978
Legal Domicile
Dc
Voting Board Members
16
Independent Board Members
14
Employees
201
Volunteers
16

Preparer

Firm
Cohnreznick Advisory LLC
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
DANIEL O'SHEA
Phone
3016529100
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

To produce, distribute, and archive video and audio coverage of governmental and public affairs events.

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Provide the public access to the live gavel-to-gavel proceedings of both houses of the us congress, and other forums where public policy is discussed, debated, and decided - all without editing, commentary or analysis and with a balanced presentation of points of view, provide elected and appointed officials and others who would influence public policy a direct conduit to the audience without filtering or otherwise distorting their points of view, provide the audience, through the call-in program, direct access to elected officials, other decision makers and journalists on a frequent and open basis, employ production values that accurately convey the business of government rather than distract from it, and conduct all other aspects of its operations consistent with these principles.

Financial Statement Notes

PART X, LINE 2:

In accordance with fasb asc topic 740, income taxes, the company determines whether a tax position is more-likely-than-not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlements, which could result in the company recording a tax liability that would reduce the company's net assets. As of march 31, 2025 and 2024, there were no liabilities related to uncertain tax positions or any provision for income taxes based on management's analysis of activities. Tax years prior to 2021 for the company are no longer subject to examination by the irs or the tax jurisdiction of the district of columbia.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Related organization revenue 291,653.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Related organization expenses 168,236.

Raw XML AppendixShowing 400 of 956 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05742252
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05399937
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IRS990/AccountsReceivableGrp/EOYAmt05668806
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O
IRS990/AdvertisingGrp/ProgramServicesAmt0984419
IRS990/AdvertisingGrp/TotalAmt0984419
IRS990/AllOtherContributionsAmt0280441
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0212746
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0402509
IRS990/AllOtherExpensesGrp/TotalAmt0615255
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MATTHEW DEPREY CHIEF FINANCIAL OFFICER
IRS990/BooksInCareOfDetail/PhoneNum02027373220
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0400 N CAPITOL ST NW SUITE 155
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020001
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IRS990/BusinessRlnWithOrgMemInd00
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IRS990/CollectionsOfArtInd00
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02382825
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NY
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0REGENCY COMMERCIAL CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1NATIONAL CAPTIONING INSTITUTE INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2FOX NEWS MEDIA
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4MEDIA CAPTIONING SERVICES INC
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1CLOSED CAPTIONING
IRS990/ContractorCompensationGrp/ServicesDesc2PRODUCTION SERVICES - NETWORK POOL SERVI
IRS990/ContractorCompensationGrp/ServicesDesc3SOFTWARE LICENSE
IRS990/ContractorCompensationGrp/ServicesDesc4CLOSED CAPTIONING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0280441
IRS990/CYGrantsAndSimilarPaidAmt055481
IRS990/CYInvestmentIncomeAmt011269552
IRS990/CYOtherExpensesAmt016930276
IRS990/CYOtherRevenueAmt07716
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IRS990/Desc0THE TELEVISION AND RADIO NETWORKS OPERATED BY NCSC PROVIDE COVERAGE OF BOTH HOUSES OF THE US CONGRESS AND OTHER GOVERNMENTAL AND PUBLIC AFFAIRS EVENTS. THESE EVENTS ARE ALSO AVAILABLE VIA NCSC WEBSITES WHICH HOST MORE THAN 250,000 HOURS OF CONTENT.
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