Civic Intelligence

Waterville Historical Society

990 • Fiscal year 2020 • EIN 01-6010923

Jun 01, 2019 to May 31, 2020 • Filed on Dec 15, 2020

62 Silver Street Unit BWaterville, ME 04901

(207) 872-9439

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

26th percentile

-12%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$14,082

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 30.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

37th percentile

-2.5%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-61%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$395,686

Down $10,264 (-2.5%) from 2019

Net Assets

Down

$395,342

Down $10,289 (-2.5%) from 2019

Liabilities

Up

$344

Up $25 (+7.8%) from 2019

Revenue

Down

$46,231

Down $73,130 (-61%) from 2019

Expenses

Down

$51,967

Down $747 (-1.4%) from 2019

Net Income

Down

-$5,736

Down $72,383 (-109%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $355,094Net Assets 2010: $355,0942010Assets 2011: $374,201Liabilities 2011: $02011Assets 2012: $340,631Net Assets 2012: $340,6312012Assets 2013: $365,288Liabilities 2013: $0Net Assets 2013: $365,2882013Assets 2014: $375,216Liabilities 2014: $0Net Assets 2014: $375,2162014Assets 2015: $375,488Liabilities 2015: $0Net Assets 2015: $375,4882015Assets 2016: $341,439Liabilities 2016: $0Net Assets 2016: $341,4392016Assets 2017: $372,035Liabilities 2017: $212Net Assets 2017: $371,8232017Assets 2018: $365,032Liabilities 2018: $227Net Assets 2018: $364,8052018Assets 2019: $405,950Liabilities 2019: $319Net Assets 2019: $405,6312019Assets 2020: $395,686Liabilities 2020: $344Net Assets 2020: $395,3422020Assets 2021: $441,651Liabilities 2021: $344Net Assets 2021: $441,3072021Assets 2022: $397,132Liabilities 2022: $0Net Assets 2022: $397,1322022Assets 2023: $366,346Liabilities 2023: $0Net Assets 2023: $366,3462023Assets 2024: $521,916Liabilities 2024: $0Net Assets 2024: $521,9162024Assets 2025: $507,663Liabilities 2025: $0Net Assets 2025: $507,6632025

Highlighted filing

2020

Assets$395,686
Liabilities$344
Net Assets$395,342

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: -$5,427Expenses 2010: $33,667Net Income 2010: -$39,0942010Revenue 2011: $22,574Expenses 2011: $36,569Net Income 2011: -$13,9952011Revenue 2012: $22,955Expenses 2012: $35,719Net Income 2012: -$12,7642012Revenue 2013: $74,249Expenses 2013: $34,483Net Income 2013: $39,7662013Revenue 2014: $25,275Expenses 2014: $36,267Net Income 2014: -$10,9922014Revenue 2015: $30,182Expenses 2015: $33,611Net Income 2015: -$3,4292015Revenue 2016: $21,370Expenses 2016: $44,064Net Income 2016: -$22,6942016Revenue 2017: $35,091Expenses 2017: $37,818Net Income 2017: -$2,7272017Revenue 2018: $47,136Expenses 2018: $58,731Net Income 2018: -$11,5952018Revenue 2019: $119,361Expenses 2019: $52,714Net Income 2019: $66,6472019Revenue 2020: $46,231Expenses 2020: $51,967Net Income 2020: -$5,7362020Revenue 2021: $64,635Expenses 2021: $54,655Net Income 2021: $9,9802021Revenue 2022: $49,175Expenses 2022: $40,711Net Income 2022: $8,4642022Revenue 2023: $10,942Expenses 2023: $41,358Net Income 2023: -$30,4162023Revenue 2024: $223,435Expenses 2024: $92,886Net Income 2024: $130,5492024Revenue 2025: $46,514Expenses 2025: $82,059Net Income 2025: -$35,5452025

Highlighted filing

2020

Revenue$46,231
Expenses$51,967
Net Income-$5,736
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Dec 15, 2020
Return Version
2019v5.0
Gross Receipts
$216,450
Mission and Program Overview

Mission

Area historical education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$349,623$224,007▼ $125,616
Land, Buildings, and Equipment, Net$21,001$141,681▲ $120,680
Savings and Temporary Cash Investments$28,480$27,456▼ $1,024
Cash and Non-Interest-Bearing Accounts$6,846$2,542▼ $4,304
Total Assets$405,950$395,686▼ $10,264
Liabilities
Other Liabilities$319$344▲ $25
Total Liabilities$319$344▲ $25
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$345,274$330,435▼ $14,839
Net Assets With Donor Restrictions$60,357$64,907▲ $4,550
Total Net Assets Fund Balance$405,631$395,342▼ $10,289
Total Liabilities and Net Assets / Fund Balance$405,950$395,686▼ $10,264

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$125,720$9,251$134,971
Leasehold Improvements$14,219$53,351$67,570
Equipment$1,742$4,288$6,030

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$60,357$4,550--$64,907
2018$5,357$55,000--$60,357
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bryan FinnemoreCuratorPT$14,082$14,082

Board Members and Trustees

NameTitle
Jay ViolettePresident
Ann BeverageTrustee
Fred ClarkTrustee
Janice KassmanTrustee
Judith L BrodyTrustee
Marilyn HallTrustee
Pat BurdickTrustee
Shirley MardenTrustee
John Koons1st Vice Pre
Julie Miller-soros2nd Vice Pre
Tina SerdjenianLibrarian
Fred JohnsonPast Preside
Janet WeymouthSecretary
Karl FossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,450
Program Service Revenue
$130
Investment Income
$32,510
Other Revenue
$3,141
All Other Contributions
$6,910
Change in Net Assets
$-5,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,358
Salaries, Compensation, and Employee Benefits$15,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$14,500--$14,500
Occupancy$9,487--$9,487
Depreciation Depletion$8,414--$8,414
Insurance-$6,734-$6,734
Payroll Taxes$1,109--$1,109
Office Expenses$264$788-$1,052
Fees for Services Other-$435-$435
All Other Expenses$81$28-$109
Other Expenses$285$100-$100
Total Functional Expenses$41,376$10,591$0$51,967
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,585
Fundraising Direct Expenses$444
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
Payroll Liability$344
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Yes, the organization has members.

Form 990, Page 6, Part VI, Line 7A

Select members are part of the executive committee with the power to elect or appoint other members to the governing body.

Form 990, Page 6, Part VI, Line 11B

990 is provided to the board of directors for their review and approval prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request of the board of directors.

Filing and Contact Details

Filer

Filer Name
Waterville Historical Society
EIN
01-6010923
Phone
2078729439
Address
62 SILVER STREET UNIT B, WATERVILLE, ME 04901

Signing Officer

Name
Jay Violette
Title
President
Phone
2078729439
Signed
2020-12-15

Organization Details

Principal Officer
Jay Violette
Formed
1903
Legal Domicile
Me
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
30

Preparer

Firm
NICHOLSON MICHAUD & NADEAU CPA'S
Address
76 SILVER ST, WATERVILLE, ME 04901-6528
Preparer
C Patrick Michaud CPA Msa
Phone
2078727077
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XIII

The organization has elected not to report in its revenue statement and balance sheet works of art, historical treasurers, and similar assets which are held for public exhibition and education at the reddington museum.

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IRS990/OtherExpensesGrp/ProgramServicesAmt1285
IRS990/OtherExpensesGrp/TotalAmt07236
IRS990/OtherExpensesGrp/TotalAmt12506
IRS990/OtherExpensesGrp/TotalAmt2285
IRS990/OtherExpensesGrp/TotalAmt3100
IRS990/OtherLiabilitiesGrp/BOYAmt0319
IRS990/OtherLiabilitiesGrp/EOYAmt0344
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt01109
IRS990/PayrollTaxesGrp/TotalAmt01109
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAY VIOLETTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MUSEUM TOURS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0130
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0130
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt080427
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037136
IRS990/PYOtherExpensesAmt039581
IRS990/PYOtherRevenueAmt01418
IRS990/PYProgramServiceRevenueAmt0380
IRS990/PYRevenuesLessExpensesAmt066647
IRS990/PYSalariesCompEmpBnftPaidAmt013133
IRS990/PYTotalExpensesAmt052714
IRS990/PYTotalRevenueAmt0119361
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-5736
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0130
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028480
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt080427
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt017458
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt012793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0141354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011361
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04876
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06560
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt034366
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04421
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.40990
IRS990ScheduleA/PublicSupportPY170Pct00.42180
IRS990ScheduleA/PublicSupportTotal170Amt077733
IRS990ScheduleA/SubstantialContributorsTotAmt063621
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt080427
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt017458
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt012793
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0141354
IRS990ScheduleA/TotalSupportAmt0189642
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt02141
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt01418
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt01825
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt05677
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt02861
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt013922
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt060357
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04550
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt064907
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05357
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt055000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt060357
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01742
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04288
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06030
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014219
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt053351
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt067570
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0125720
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09251
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0134971
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.91750
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ELECTED NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART, HISTORICAL TREASURERS, AND SIMILAR ASSETS WHICH ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION AT THE REDDINGTON MUSEUM.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.08250
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0141681
IRS990ScheduleD/TotalLiabilityAmt0344
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES, THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SELECT MEMBERS ARE PART OF THE EXECUTIVE COMMITTEE WITH THE POWER TO ELECT OR APPOINT OTHER MEMBERS TO THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0405950
IRS990/TotalAssetsEOYAmt0395686
IRS990/TotalAssetsGrp/BOYAmt0405950
IRS990/TotalAssetsGrp/EOYAmt0395686
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010450
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010591
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041376
IRS990/TotalFunctionalExpensesGrp/TotalAmt051967
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0319
IRS990/TotalLiabilitiesEOYAmt0344
IRS990/TotalLiabilitiesGrp/BOYAmt0319
IRS990/TotalLiabilitiesGrp/EOYAmt0344
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0405631
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0395342
IRS990/TotalProgramServiceExpensesAmt041376
IRS990/TotalProgramServiceRevenueAmt0130
IRS990/TotalReportableCompFromOrgAmt014082
IRS990/TotalRevenueGrp/ExclusionAmt035651
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0130

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.08$0.00$5.08$0.47$0.82$0.36
2024Detailed filing. Detailed filing data is available for this year.$5.22$0.00$5.22$2.23$0.93$1.31
2023Detailed filing. Detailed filing data is available for this year.$3.66$0.00$3.66$0.11$0.41$0.30
2022Detailed filing. Detailed filing data is available for this year.$3.97$0.00$3.97$0.49$0.41$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.41$0.65$0.55$0.10
2020Detailed filing. Detailed filing data is available for this year.$3.96$0.00$3.95$0.46$0.52$0.06
2019Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$1.19$0.53$0.67
2018Detailed filing. Detailed filing data is available for this year.$3.65$0.00$3.65$0.47$0.59$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$0.35$0.38$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.41$0.21$0.44$0.23
2015Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$0.30$0.34$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$0.25$0.36$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.00$3.65$0.74$0.34$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$3.41$0.23$0.36$0.13
2011Summary only. Only limited summary data is available for this year.$3.74$0.00$0.23$0.37$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$3.55$0.05$0.34$0.39