Civic Intelligence

Genesis Fund

990 • Fiscal year 2019 • EIN 01-0461436

Apr 01, 2018 to Mar 31, 2019 • Filed on Aug 15, 2019

22 Lincoln StreetBrunswick, ME 04011

(207) 844-2035

Siviq Scores

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

Liabilities / Assets

85th percentile

0.76x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

6.05x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$106,000

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

86th percentile

24%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

52%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$21,871,044

Up $4,197,959 (+24%) from 2018

Net Assets

Up

$5,297,238

Up $1,354,636 (+34%) from 2018

Liabilities

Up

$16,573,806

Up $2,843,323 (+21%) from 2018

Revenue

Up

$2,740,892

Up $936,339 (+52%) from 2018

Expenses

Up

$1,386,257

Up $90,124 (+7.0%) from 2018

Net Income

Up

$1,354,635

Up $846,215 (+166%) from 2018

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $7,441,723Liabilities 2011: $4,860,144Net Assets 2011: $2,581,5792011Assets 2012: $8,172,287Liabilities 2012: $5,583,622Net Assets 2012: $2,588,6652012Assets 2013: $9,940,116Liabilities 2013: $6,866,141Net Assets 2013: $3,073,9752013Assets 2014: $12,075,046Liabilities 2014: $9,045,352Net Assets 2014: $3,029,6942014Assets 2015: $13,901,148Liabilities 2015: $10,967,228Net Assets 2015: $2,933,9202015Assets 2016: $15,293,029Liabilities 2016: $12,319,845Net Assets 2016: $2,973,1842016Assets 2017: $16,715,651Liabilities 2017: $13,281,469Net Assets 2017: $3,434,1822017Assets 2018: $17,673,085Liabilities 2018: $13,730,483Net Assets 2018: $3,942,6022018Assets 2019: $21,871,044Liabilities 2019: $16,573,806Net Assets 2019: $5,297,2382019Assets 2020: $27,181,863Liabilities 2020: $20,675,694Net Assets 2020: $6,506,1692020Assets 2021: $32,765,615Liabilities 2021: $24,693,281Net Assets 2021: $8,072,3342021Assets 2022: $38,143,317Liabilities 2022: $26,974,455Net Assets 2022: $11,168,8622022Assets 2023: $46,225,096Liabilities 2023: $33,331,652Net Assets 2023: $12,893,4442023Assets 2024: $53,555,012Liabilities 2024: $38,755,132Net Assets 2024: $14,799,8802024Assets 2025: $66,598,190Liabilities 2025: $48,697,540Net Assets 2025: $17,900,6502025

Highlighted filing

2019

Assets$21,871,044
Liabilities$16,573,806
Net Assets$5,297,238

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $905,5502011Expenses 2012: $523,6212012Revenue 2013: $1,105,781Expenses 2013: $620,471Net Income 2013: $485,3102013Revenue 2014: $671,268Expenses 2014: $715,549Net Income 2014: -$44,2812014Revenue 2015: $686,737Expenses 2015: $782,511Net Income 2015: -$95,7742015Revenue 2016: $919,682Expenses 2016: $875,428Net Income 2016: $44,2542016Revenue 2017: $1,531,012Expenses 2017: $1,070,014Net Income 2017: $460,9982017Revenue 2018: $1,804,553Expenses 2018: $1,296,133Net Income 2018: $508,4202018Revenue 2019: $2,740,892Expenses 2019: $1,386,257Net Income 2019: $1,354,6352019Revenue 2020: $3,876,573Expenses 2020: $2,667,642Net Income 2020: $1,208,9312020Revenue 2021: $3,745,329Expenses 2021: $2,179,164Net Income 2021: $1,566,1652021Revenue 2022: $5,192,917Expenses 2022: $2,096,389Net Income 2022: $3,096,5282022Revenue 2023: $5,492,811Expenses 2023: $3,768,229Net Income 2023: $1,724,5822023Revenue 2024: $4,780,412Expenses 2024: $2,908,668Net Income 2024: $1,871,7442024Revenue 2025: $7,893,479Expenses 2025: $4,792,709Net Income 2025: $3,100,7702025

Highlighted filing

2019

Revenue$2,740,892
Expenses$1,386,257
Net Income$1,354,635
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Aug 15, 2019
Return Version
2018v3.1
Gross Receipts
$2,740,892
Mission and Program Overview

Mission

The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine.

The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine, New Hampshire, and Vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,964,733$15,298,387▲ $2,333,654
Cash and Non-Interest-Bearing Accounts-$3,369,700-
Pledges and Grants Receivable-$1,376,717-
Receivables From Officers Etc$766,515$663,418▼ $103,097
Loans From Officers Directors$641,216$661,349▲ $20,133
Land, Buildings, and Equipment, Net$569,273$595,148▲ $25,875
Savings and Temporary Cash Investments$1,914,984$468,165▼ $1,446,819
Prepaid Expenses and Deferred Charges$31,003$19,373▼ $11,630
Accounts Receivable$22,372$16,141▼ $6,231
Total Assets$17,673,085$21,871,044▲ $4,197,959
Other Assets Total$1,404,205$63,995▼ $1,340,210
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,882,055$14,494,572▲ $1,612,517
Deferred Revenue-$1,165,000-
Accounts Payable and Accrued Expenses$207,212$252,885▲ $45,673
Total Liabilities$13,730,483$16,573,806▲ $2,843,323
Net Assets / Fund Balance
Unrestricted Net Assets$3,942,602$5,294,998▲ $1,352,396
Temporarily Rstr Net Assets-$2,240-
Total Net Assets Fund Balance$3,942,602$5,297,238▲ $1,354,636
Total Liabilities and Net Assets / Fund Balance$17,673,085$21,871,044▲ $4,197,959

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$447,571$69,441$517,012
Land$101,808-$101,808
Equipment$20,572$46,315$66,887
Other Land Buildings$25,197-$25,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William FloydExecutive DirectorFT$106,000$106,000

Board Members and Trustees

NameTitle
Bill ShanahanPresident
Kyra WalkerVice President
Beth HaywardDirector
Deb KellerDirector
Diane DonaldsonDirector
Greg DaltonDirector
Greg PayneDirector
Laurie MillerDirector
Randy PhelpsDirector
Tim McMachenDirector
Karen MacDonaldSecretary
Brenda PelusoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,750,182
Program Service Revenue
$957,935
Investment Income
$24,070
Other Revenue
$8,705
All Other Contributions
$740,212
Change in Net Assets
$1,354,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,740,892
Total Revenue per Audited Statements
$2,740,892
Total Revenue per Form 990
$2,740,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$748,827
Salaries, Compensation, and Employee Benefits$637,430
Total Fundraising Expense$78,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$356,546$107,635$48,471$512,652
Interest$332,151$1,816$962$334,929
Other Expenses$103,903--$103,903
Fees for Services Other$69,479$2,243$509$72,231
Other Employee Benefits$46,257$14,039$6,321$66,617
Payroll Taxes$26,620$8,012$3,609$38,241
Occupancy$21,855$6,890$2,822$31,567
Office Expenses$20,678$3,352$2,053$26,083
Travel$23,926$178$211$24,315
Depreciation Depletion$15,056$6,257$2,066$23,379
Pension Plan Contributions$13,733$4,294$1,893$19,920
Advertising$11,249$782$6,800$18,831
Conferences and Meetings$14,209$601$725$15,535
Insurance$9,613$1,437$630$11,680
Fees for Services Accounting$7,471$2,385$1,074$10,930
Fees for Services Legal$6,161$207$90$6,458
Total Functional Expenses$1,147,893$160,128$78,236$1,386,257

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,386,257
Total Expenses per Audited Statements$1,386,257
Total Expenses per Form 990$1,386,257
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$766,515$663,418▼ $103,097
Loans from Officers, Directors, Trustees, and Key Employees$641,216$661,349▲ $20,133
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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 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
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, Part VI, Section B, Line 11

Board Members review Form 990 at the board meeting prior to filing.

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

At each meeting, board members discuss if they have any conflicts of interest.

Form 990, Part VI, Section B, Line 15A

Pay increases for the director are approved at regular meetings.

Form 990, Part VI, Section C, Line 18

Forms are available for public inspection at The Genesis Funds website, Guidestars website and upon request.

Form 990, Part VI, Section C, Line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
The Genesis Fund
EIN
01-0461436
Phone
2078442035
Address
22 Lincoln Street, Brunswick, ME 04011

Signing Officer

Name
William Floyd
Title
Executive Director
Phone
2078442035
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Floyd
Formed
1991
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
9

Preparer

Firm
RHR Smith & Company CPA's
Address
3 Old Orchard Road, Buxton, ME 04093
Preparer
Ronald Smith
Phone
2079294606
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IRS990/Desc0In FY19, the Genesis Fund closed 8.6 million in new loans and increased the outstanding loan portfolio to 16.4 million. The organization also provided 1,590 hours of technical assistance to 27 organizations, helping to create affordable housing and community facilities by sharing professional knowledge to develop these projects.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/InterestGrp/FundraisingAmt0962
IRS990/InterestGrp/ManagementAndGeneralAmt01816
IRS990/InterestGrp/ProgramServicesAmt0332151
IRS990/InterestGrp/TotalAmt0334929
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/OfficeExpensesGrp/FundraisingAmt02053
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IRS990/OfficeExpensesGrp/ProgramServicesAmt020678
IRS990/OfficeExpensesGrp/TotalAmt026083
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt01404205
IRS990/OtherAssetsTotalGrp/EOYAmt063995
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06321
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014039
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt046257
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066617
IRS990/OtherExpensesGrp/Desc0Loan loss provision
IRS990/OtherExpensesGrp/Desc1Grant expense
IRS990/OtherExpensesGrp/ProgramServicesAmt068986
IRS990/OtherExpensesGrp/ProgramServicesAmt1103903
IRS990/OtherExpensesGrp/TotalAmt068986
IRS990/OtherExpensesGrp/TotalAmt1103903
IRS990/OtherRevenueMiscGrp/BusinessCd0522299
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous income
IRS990/OtherRevenueMiscGrp/Desc1Parking Spot Rents
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0405
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IRS990/OtherRevenueTotalAmt08705
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048471
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0356546
IRS990/OtherSalariesAndWagesGrp/TotalAmt0512652
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt012964733
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt015298387
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03609
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08012
IRS990/PayrollTaxesGrp/ProgramServicesAmt026620
IRS990/PayrollTaxesGrp/TotalAmt038241
IRS990/PensionPlanContributionsGrp/FundraisingAmt01893
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04294
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013733
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031003
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019373
IRS990/PrincipalOfficerNm0William Floyd
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IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
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IRS990/ProgramServiceRevenueGrp/Desc1Technical Assistance
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156016
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156016
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243646
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0959506
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt016315
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0720938
IRS990/PYOtherRevenueAmt06160
IRS990/PYProgramServiceRevenueAmt0822572
IRS990/PYRevenuesLessExpensesAmt0508420
IRS990/PYSalariesCompEmpBnftPaidAmt0575195
IRS990/PYTotalExpensesAmt01296133
IRS990/PYTotalRevenueAmt01804553
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0766515
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IRS990/ReconcilationRevenueExpnssAmt01354635
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02662362
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01914984
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0468165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01750182
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0959506
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0749271
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0263374
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt083251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03805584
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt024070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt016315
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013052
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt077812
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.97050
IRS990ScheduleA/PublicSupportTotal170Amt03805584
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01750182
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0959506
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0749271
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0263374
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt083251
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03805584
IRS990ScheduleA/TotalSupportAmt03883396
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0447571
IRS990ScheduleD/BuildingsGrp/DepreciationAmt069441
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0517012
IRS990ScheduleD/EquipmentGrp/BookValueAmt020572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046315
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066887
IRS990ScheduleD/ExpensesSubtotalAmt01386257
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0101808
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0101808
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025197
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02740892
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0595148
IRS990ScheduleD/TotalExpensesPerForm990Amt01386257
IRS990ScheduleD/TotalRevenuePerForm990Amt02740892
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02740892

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$66.6$48.7$17.9$7.89$4.79$3.10
2024Detailed filing. Detailed filing data is available for this year.$53.6$38.8$14.8$4.78$2.91$1.87
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$33.3$12.9$5.49$3.77$1.72
2022Detailed filing. Detailed filing data is available for this year.$38.1$27.0$11.2$5.19$2.10$3.10
2021Detailed filing. Detailed filing data is available for this year.$32.8$24.7$8.07$3.75$2.18$1.57
2020Detailed filing. Detailed filing data is available for this year.$27.2$20.7$6.51$3.88$2.67$1.21
2019Detailed filing. Detailed filing data is available for this year.$21.9$16.6$5.30$2.74$1.39$1.35
2018Detailed filing. Detailed filing data is available for this year.$17.7$13.7$3.94$1.80$1.30$0.51
2017Detailed filing. Detailed filing data is available for this year.$16.7$13.3$3.43$1.53$1.07$0.46
2016Detailed filing. Detailed filing data is available for this year.$15.3$12.3$2.97$0.92$0.88$0.04
2015Detailed filing. Detailed filing data is available for this year.$13.9$11.0$2.93$0.69$0.78$0.10
2014Detailed filing. Detailed filing data is available for this year.$12.1$9.05$3.03$0.67$0.72$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$6.87$3.07$1.11$0.62$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.17$5.58$2.59$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.44$4.86$2.58$0.91