Civic Intelligence

Beavertail Lighthouse Museum Association

990 • Fiscal year 2019 • EIN 05-0476508

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

PO Box 83Jamestown, RI 02835

(401) 423-2698

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,150,001

Up $135,615 (+13%) from 2018

Net Assets

Up

$1,147,898

Up $133,617 (+13%) from 2018

Liabilities

Up

$2,103

Up $1,998 (+1903%) from 2018

Revenue

Down

$140,231

Down $160,849 (-53%) from 2018

Expenses

Up

$58,540

Up $19,086 (+48%) from 2018

Net Income

Down

$81,691

Down $179,935 (-69%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $246,543Liabilities 2010: $112Net Assets 2010: $246,4312010Assets 2011: $265,066Liabilities 2011: $118Net Assets 2011: $264,9482011Assets 2012: $369,922Liabilities 2012: $217Net Assets 2012: $369,7052012Assets 2013: $369,934Liabilities 2013: $325Net Assets 2013: $369,6092013Assets 2014: $388,609Liabilities 2014: $187Net Assets 2014: $388,4222014Assets 2015: $383,733Liabilities 2015: $160Net Assets 2015: $383,5732015Assets 2016: $396,654Liabilities 2016: $15Net Assets 2016: $396,6392016Assets 2017: $754,610Liabilities 2017: $1,946Net Assets 2017: $752,6642017Assets 2018: $1,014,386Liabilities 2018: $105Net Assets 2018: $1,014,2812018Assets 2019: $1,150,001Liabilities 2019: $2,103Net Assets 2019: $1,147,8982019Assets 2020: $1,258,840Liabilities 2020: $0Net Assets 2020: $1,258,8402020Assets 2021: $1,408,841Liabilities 2021: $0Net Assets 2021: $1,408,8412021Assets 2022: $1,374,730Liabilities 2022: $0Net Assets 2022: $1,374,7302022Assets 2023: $1,471,211Liabilities 2023: $0Net Assets 2023: $1,471,2112023Assets 2024: $1,569,513Liabilities 2024: $0Net Assets 2024: $1,569,5132024

Highlighted filing

2019

Assets$1,150,001
Liabilities$2,103
Net Assets$1,147,898

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $144,721Expenses 2010: $24,882Net Income 2010: $119,8392010Revenue 2011: $46,392Expenses 2011: $27,875Net Income 2011: $18,5172011Revenue 2012: $137,341Expenses 2012: $32,584Net Income 2012: $104,7572012Revenue 2013: $47,682Expenses 2013: $47,778Net Income 2013: -$962013Revenue 2014: $57,227Expenses 2014: $38,414Net Income 2014: $18,8132014Revenue 2015: $35,481Expenses 2015: $40,317Net Income 2015: -$4,8362015Revenue 2016: $45,288Expenses 2016: $32,222Net Income 2016: $13,0662016Revenue 2017: $392,050Expenses 2017: $36,025Net Income 2017: $356,0252017Revenue 2018: $301,080Expenses 2018: $39,454Net Income 2018: $261,6262018Revenue 2019: $140,231Expenses 2019: $58,540Net Income 2019: $81,6912019Revenue 2020: $136,967Expenses 2020: $60,568Net Income 2020: $76,3992020Revenue 2021: $157,727Expenses 2021: $65,850Net Income 2021: $91,8772021Revenue 2022: $116,222Expenses 2022: $82,572Net Income 2022: $33,6502022Revenue 2023: $141,022Expenses 2023: $106,741Net Income 2023: $34,2812023Revenue 2024: $148,669Expenses 2024: $102,046Net Income 2024: $46,6232024

Highlighted filing

2019

Revenue$140,231
Expenses$58,540
Net Income$81,691
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$167,394
Mission and Program Overview

Mission

Beavertail lighthouse museum association is dedicated to the education of the general public and preservation of beavertail's historic buildings and rich history as a center for lighthouse development.

Beavertail Lighthouse Musuem Association is dedicated to the education of the general public and preservation of Beavertail's historic buildings and rich history as a center for lighthouse development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$550,646$614,702▲ $64,056
Land, Buildings, and Equipment, Net$330,114$385,660▲ $55,546
Savings and Temporary Cash Investments$98,109$115,742▲ $17,633
Cash and Non-Interest-Bearing Accounts$22,302$26,684▲ $4,382
Inventories for Sale or Use$13,215$7,213▼ $6,002
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,014,386$1,150,001▲ $135,615
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$103$2,102▲ $1,999
Other Liabilities$2$1▼ $1
Total Liabilities$105$2,103▲ $1,998
Net Assets / Fund Balance
Net Assets With Donor Restrictions$648,755$725,333▲ $76,578
Net Assets Without Donor Restrictions$365,526$422,565▲ $57,039
Total Net Assets Fund Balance$1,014,281$1,147,898▲ $133,617
Total Liabilities and Net Assets / Fund Balance$1,014,386$1,150,001▲ $135,615

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$380,839$74,370$455,209
Equipment$2,488$14,953$17,441
Other Land Buildings$2,333$5,256$7,589

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$582,809---$582,809
2018$305,739$277,069--$582,808
2017$305,739---$305,739
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diane BakleyPresident & CEO
David SmithVice President
Eileen DonnellyDirector
Linda WarnerDirector
Lynn RoachDirector
Robert DutsonDirector
Steve MeadeDirector
Stewart MorganDirector
Suzi AndrewsDirector
Ursula ParenteauDirector
Varoujan KarentzDirector
Joan VessellaSecretary
Sandra PatersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$117,396
Program Service Revenue
$0
Investment Income
$8,124
Other Revenue
$14,711
All Other Contributions
$117,396
Change in Net Assets
$81,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$140,231
Total Revenue per Audited Statements
$140,231
Total Revenue per Form 990
$140,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,540
Total Fundraising Expense$924
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$17,026--$17,026
All Other Expenses$4,966$3,939$924$9,829
Other Expenses$2,961$1,001-$3,962
Insurance$2,192$895-$3,087
Fees for Services Other$923--$923
Office Expenses$231$561-$792
Conferences and Meetings$333$334-$667
Advertising$396$200-$596
Fees for Services Accounting-$551-$551
Interest$434--$434
Total Functional Expenses$40,770$16,846$924$58,540

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$58,540
Total Expenses per Audited Statements$58,540
Total Expenses per Form 990$58,540
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Organization has members. Members assist in supporting the 501-C3 through their membership fees. Members have voting rights.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The Board of Directors

Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address

Sandra Paterson, Treasurer23 Fox RunJamestown, RI 02835

Form 990, Part VI, Line 11B: Form 990 Review Process

Two members of the Board of Directors review the 990 before it is electronically filed. Upon signed reciept of the 8879-EO, IRS E-File Signature Authorization Form for an Exempt Organization, the final return is E-filed.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Requests for forms 1023 and/or form 990/990EZ must be requested in writing and sent to PO Box 83, Jamestown, RI, 02835. The organization will respond to this inquire within 30 days from the date the written request is recieved. (A request that is faxed, e-mailed or sent by private courier is considered a written request.) Photo copy fees & U.S. Post Office postage is applicable for mailed request to requester.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Requests for forms 1023 and/or form 990/990EZ must be requested in writing and sent to PO Box 83, Jamestown, RI, 02835. The organization will respond to this inquire within 30 days from the date the written request is recieved. (A request that is faxed, e-mailed or sent by private courier is considered a written request.) Photo copy fees & U.S. Post Office postage is applicable for mailed request to requester.

Filing and Contact Details

Filer

Filer Name
Beavertail Lighthouse Museum Assoc
EIN
05-0476508
Phone
4014232698
Address
PO Box 83, Jamestown, RI 02835

Signing Officer

Name
Sandra Paterson
Title
Treasurer
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
Ri
Voting Board Members
13
Independent Board Members
0
Employees
0
Volunteers
63

Preparer

Firm
Computerized Financials
Address
101 Franklin St Unit 1C, Westerly, RI 02891
Preparer
Susan R Gentile EA
Phone
4015969179
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Champlin Foundation Grant Awarded in 2009 continued to utilize the last of this grant for general improvements in calendar year 2011. With this improvement grant the Beavertail Light House Musuem Association continued with its mission in the education of the general public and preservation of the historic buildings through various general and major improvments. These improvements included replaced windows and saches, metal work, and electrical improvments to the museum, the light house keepers quarters, and to the small garage that is utilized as educational building on the property. OTHER PROGRAM SERVICES 5: The Van Beuren Charitable Foundation Grant awarded in 2012 in the amount of $112,000 will be used for Beavertail Light House site preservation and museum expansion project. Another continued preservation effort of this historic site for the over 25,000 vistors annually to enjoy. The Van Beurn Grant continued in 2013 to be utilized for the museum and gift shop expansion and restoration for the over 35,000 vistors who visted the historical preserved site of Beavertail Light House Museum.The Van Beurn Grant continued in 2014 to be utilized for ther museum and gift shop restorations. The Story Board and Theater Room with a 44" wall mount touch screen was installed to provide an interactive experience for the over 39,000 vistors in 2014. Two new video modules have been added to the large touch screen display in the interactive room. They include the NewportIda Lewis Story and the Fog Signal Building Restoration. OTHER PROGRAM SERVICES 6: Fog Signal Building Restoration: Year end 2013 closed with a a generous $12,975 matching grant from the Champlin Foundations for the external repair and restoration of te Fog Signal building. The building was built after the 1938 hurricane and used by the US Coast Guard until 1972 when the fog signal was automated and moved across the road. Recently the building has been used as a Naturalist Center and Aquarium during summer months opened to BLHMA vistors. The building now requires extensive repair and donations to help pay for the BLMA $12,975 match from the Champlin Foundations will be under way in 2014 to help fund this project. Year end 2014 the the exterior restoration of the Fog Signal Building and installation of two replica fog horns trumpets was completed. OTHER PROGRAM SERVICES 7: Granite Stone Retrieval: The retrieval of a carved granite stone from the Harvey Payton Schooner wreck of 1859 began in 2015 and will continue in 2016 as a few setbacks were encountered in 2015 on this program project. OTHER PROGRAM SERVICES 8: Fresnel Lens Repair: In 2015 BLHM continue to access the repairs of damage that have occurred over the years to the Fresnel Lens Prisms & in 2016 they will continue to seek funds/grants for these repairs. OTHER PROGRAM SERVICES 9: In 2015 and continuing into 2016 members of the BLHM continue to design QR Project (Quick Response Codes), yet another educational learning tool. When completed vistors will be able to learn about BLHMA visual overlooks or subjects of interest by scanning a UP obtical lable on signs around the property. These UP lables will provide a link back to BLHMA's web site for more information about this historical site and it's surroundings. OTHER PROGRAM SERVICES 10: In 2016 and continuing into 2017 members & volunteers of the BLHM continue to promote the 2016/2017 Matching Gift Campaign asd it moves into high gear inviting members, the community, & vistors to contribute. For every donation made there will be a matched dollar for dollar donation by local historian James Buttrick. Currently the funds have been designated for new educational programs, new building projects, & new equipment. OTHER PROGRAM SERVICES 11: At the close of 2017 Beavertail Lighthouse Museum Association continued with their Capital Campaign and established an Endowment Fund of which over 50% of the $600,000 goal was attained by year end 2017. This in

Form 990, Part IX, Line 24E: Other Expenses

Credit Card Merchant Fees: Column (A) - Total = $984; Column (B) - Program Services = $984; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Donation: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Dues & Subscriptions: Column (A) - Total = $307; Column (B) - Program Services = $153; Column (C) - Management & General = $154; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Equipment Rental: Column (A) - Total = $1585; Column (B) - Program Services = $800; Column (C) - Management & General = $785; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Equipment Repairs & Maintenanc: Column (A) - Total = $359; Column (B) - Program Services = $359; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Fund Raising Expense: Column (A) - Total = $692; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $692

Form 990, Part IX, Line 24E: Other Expenses

Grants & Scholarships: Column (A) - Total = $2000; Column (B) - Program Services = $0; Column (C) - Management & General = $2000; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

License, Permits, & Filing Fee: Column (A) - Total = $10; Column (B) - Program Services = $10; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Materials & Gift Shop Expense: Column (A) - Total = $457; Column (B) - Program Services = $457; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Other Expenses: Column (A) - Total = $72; Column (B) - Program Services = $72; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $491; Column (B) - Program Services = $191; Column (C) - Management & General = $300; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $1007; Column (B) - Program Services = $307; Column (C) - Management & General = $700; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Security System Maintenance: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Special Event Supplies: Column (A) - Total = $232; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $232

Form 990, Part IX, Line 24E: Other Expenses

Telephone: Column (A) - Total = $420; Column (B) - Program Services = $420; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Water & Sewer: Column (A) - Total = $468; Column (B) - Program Services = $468; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Web Hosting Site: Column (A) - Total = $72; Column (B) - Program Services = $72; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Wireless/Internet: Column (A) - Total = $673; Column (B) - Program Services = $673; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Other Changes In Net Assets Or Fund Balances - Other Decreases

Non Deductiable Sale tax penalty = -$464

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IRS990/Form990PartVIISectionAGrp/PersonNm1Lynn Roach
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IRS990/Form990PartVIISectionAGrp/PersonNm10Suzi Andrews
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IRS990/MissionDesc0Beavertail Lighthouse Musuem Association is dedicated to the education of the general public and preservation of Beavertail's historic buildings and rich history as a center for lighthouse development.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Lighthouse tower restoration completion: after being awarded a grant of $227,000 from the Champlin Foundations in December 2007 and in April 2009 a $50,000 matching grant from the RI Historical Preservation and Heritage Commission, the BLMA hired the Abcore Restoration Company, Inc. of Narragansett, RI, to carry out restoration work in the summer and fall of 2009. The exterior stonework was repointed, and the lantern and interior were fully restored. At the same time, significant repairs were carried out on the two dwellings. The project was completed in October 2009 and a grand reopening inviting the public to enjoy its beauty.In 2013 approval was granted from the Coast Guard to open an original tower entrance that had been boarded up in the hallway of the musuem. This new entrance to the tower was completed and fire proof doors were installed. Changes to the electrical room at the base of the tower were made, and finanally in 2013 the hallway floors, walls, and hand rails were all refurbished. Most of this work was supported through funds from the Van Beuren Grant and tower vistor donations.
IRS990/ProgSrvcAccomActy3Grp/Desc0Building Restoration Capital Capaign: Additional building improvements to the Museum buildings including repairs and improvements to the Inn Keepers Quarters. In 2013 The building restorations will continue to out buildings on the Beavertail Light House property utilizing funds from capaign, grants, & personal donations.2013 was a year of great strides in museum expansion: with a new relocated larger gift shop, a point of sale system installed and operational in spring of 2013, renovations to the main musuem building keepers quarters, first floor kitchen removed and a new smaller compact kitchen was built on the second floor, a new theater and interactive rooms were completed. These three rooms in addition to 11 new wall storyboard panels increases the museum's exhibit venue and will provide Beavertail vistors new historical experiences. The theater seats 12 people and shows a continueous DVD loop with history of RI Lighthouses. The interactive room in the musuem contains a state of the art touch screen display providing visitors interactive electronic exhibit experience. The old lens room panels were completly redesigned with five historical wall panels with dimensional visual information story boards. These panels will provide vistors interesting information about lens technology that the old panels lacked.2015 Funds from the VanBuren Fund used for repairs to the keepers house.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.15$0.10$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.14$0.11$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.12$0.08$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.16$0.07$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.14$0.06$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.14$0.06$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.30$0.04$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.39$0.04$0.36
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.05$0.03$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.04$0.04$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.06$0.04$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.05$0.05$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$0.14$0.03$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.26$0.05$0.03$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$0.14$0.02$0.12