Civic Intelligence

Kennebec Historical Society

990 • Fiscal year 2023 • EIN 23-7134457

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 19, 2024

PO Box 5582Augusta, ME 04332-5582

(207) 622-7718

Siviq Scores

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

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

29th percentile

-6.1%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

42nd percentile

0.7%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-20%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$858,448

Up $5,599 (+0.7%) from 2022

Net Assets

Up

$855,712

Up $7,811 (+0.9%) from 2022

Liabilities

Down

$2,736

Down $2,212 (-45%) from 2022

Revenue

Down

$117,733

Down $29,692 (-20%) from 2022

Expenses

Down

$124,871

Down $3,375 (-2.6%) from 2022

Net Income

Down

-$7,138

Down $26,317 (-137%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2013: $622,439Liabilities 2013: $0Net Assets 2013: $622,4392013Assets 2014: $637,330Liabilities 2014: $0Net Assets 2014: $637,3302014Assets 2015: $622,330Liabilities 2015: $0Net Assets 2015: $622,3302015Assets 2016: $630,329Liabilities 2016: $0Net Assets 2016: $630,3292016Assets 2017: $669,877Liabilities 2017: $844Net Assets 2017: $669,0332017Assets 2018: $640,613Liabilities 2018: $2,044Net Assets 2018: $638,5692018Assets 2019: $682,828Liabilities 2019: $2,390Net Assets 2019: $680,4382019Assets 2020: $686,268Liabilities 2020: $3,020Net Assets 2020: $683,2482020Assets 2021: $859,506Liabilities 2021: $13,800Net Assets 2021: $845,7062021Assets 2022: $852,849Liabilities 2022: $4,948Net Assets 2022: $847,9012022Assets 2023: $858,448Liabilities 2023: $2,736Net Assets 2023: $855,7122023

Highlighted filing

2023

Assets$858,448
Liabilities$2,736
Net Assets$855,712

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $68,357Expenses 2013: $74,029Net Income 2013: -$5,6722013Revenue 2014: $87,085Expenses 2014: $72,186Net Income 2014: $14,8992014Revenue 2015: $62,589Expenses 2015: $76,250Net Income 2015: -$13,6612015Revenue 2016: $104,815Expenses 2016: $97,443Net Income 2016: $7,3722016Revenue 2017: $109,351Expenses 2017: $75,425Net Income 2017: $33,9262017Revenue 2018: $71,496Expenses 2018: $99,385Net Income 2018: -$27,8892018Revenue 2019: $144,515Expenses 2019: $104,869Net Income 2019: $39,6462019Revenue 2020: $124,180Expenses 2020: $121,434Net Income 2020: $2,7462020Revenue 2021: $271,308Expenses 2021: $109,931Net Income 2021: $161,3772021Revenue 2022: $147,425Expenses 2022: $128,246Net Income 2022: $19,1792022Revenue 2023: $117,733Expenses 2023: $124,871Net Income 2023: -$7,1382023

Highlighted filing

2023

Revenue$117,733
Expenses$124,871
Net Income-$7,138
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 19, 2024
Return Version
2023v5.0
Gross Receipts
$117,733
Mission and Program Overview

Mission

The society promotes the study of the history of kennebec county by forming and preserving historical collections of appropriate materials making these collections available to the public, providing research assistance to the public, and presenting public educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$458,335$444,481▼ $13,854
Savings and Temporary Cash Investments$252,566$234,801▼ $17,765
Investments in Publicly Traded Securities$114,294$174,144▲ $59,850
Cash and Non-Interest-Bearing Accounts$27,654$5,022▼ $22,632
Total Assets$852,849$858,448▲ $5,599
Liabilities
Accounts Payable and Accrued Expenses$4,948$2,736▼ $2,212
Total Liabilities$4,948$2,736▼ $2,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$522,883$530,694▲ $7,811
Net Assets With Donor Restrictions$325,018$325,018→ $0
Total Net Assets Fund Balance$847,901$855,712▲ $7,811
Total Liabilities and Net Assets / Fund Balance$852,849$858,448▲ $5,599

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$219,251$125,436$344,687
Buildings$109,230$64,770$174,000
Land$116,000-$116,000
Equipment-$3,680$3,680

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$114,294$43,030▲ $16,820-$174,144
2022$30,051$92,028▼ $7,710$75$114,294
2021$28,152-▲ $1,948$50$30,050
2020$27,281-▲ $921$50$28,152
2019$23,968-▲ $3,363$50$27,281
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph OdonnellPresident
Kent LondonVice President
Scott R WoodExecutive Director
Emily SchroederAdmin VP
Anne CoughMember
Barbara WarrenMember
Josh La VerdiereMember
Rich EastmanMember
Robert BennettMember
Stefanie BarleyMember
Stephen LangsdorfMember
Joan LancasterMember Secretry
Sally JoyNewsletter Proofreader
Jamie LoganSecretary
Mark LaneyTreasurer
Joseph OwenVP Community Relations
Revenue and Support

Revenue Composition

Contributions and Grants
$108,929
Program Service Revenue
$0
Investment Income
$2,442
Other Revenue
$6,362
All Other Contributions
$99,814
Change in Net Assets
$-7,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,584
Salaries, Compensation, and Employee Benefits$56,112
Total Fundraising Expense$1,214
Grants and Similar Amounts Paid$175
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$50,000-$50,000
Occupancy$24,042--$24,042
Depreciation Depletion$13,853--$13,853
Fees for Services Accounting-$9,484-$9,484
Office Expenses$4,792$2,562$1,214$8,568
All Other Expenses$7,563$429-$7,992
Payroll Taxes-$3,987-$3,987
Insurance$3,546--$3,546
Other Salaries and Wages$2,125--$2,125
Information Technology-$769-$769
Grants to Domestic Orgs$175--$175
Advertising$64--$64
Other Expenses-$55-$55
Total Functional Expenses$56,160$67,497$1,214$124,871
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 governing body review Part VI line 11

The form 990 was provided to the board of directors for discussion, review and approval before filing.

Conflict of interest policy compliance Part VI line 12C

Through formal discussions during board of directors meetings.

Governing documents etc available to public Part VI line 19

Printed copies of governing documents and conflict of interest policy could be picked up at the societys headquarters. Financial statements are not available to the public however pertinent annual financial results are reported in the societys annual report.

Filing and Contact Details

Filer

Filer Name
Kennebec Historical Society
EIN
23-7134457
Address
PO BOX 5582, AUGUSTA, ME 04332-5582

Signing Officer

Name
Scott R Wood
Title
Executive Direc
Phone
2076227718
Signed
2024-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Odonnell
Formed
1891
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
16
Employees
3
Volunteers
16

Preparer

Firm
Strout Associates LLC
Address
49 APPLE DR, SABATTUS, ME 04280
Preparer
Deborah Strout
Phone
2073759936
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0444481
IRS990/LandBldgEquipCostOrOtherBssAmt0638367
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt09115
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE SOCIETY PROMOTES THE STUDY OF THE HISTORY OF KENNEBEC COUNTY BY FORMING AND PRESERVING HISTORICAL COLLECTIONS OF APPROPRIATE MATERIALS MAKING THESE COLLECTIONS AVAILABLE TO THE PUBLIC, PROVIDING RESEARCH ASSISTANCE TO THE PUBLIC, AND PRESENTING PUBLIC EDUCATIONAL PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0847901
IRS990/NetAssetsOrFundBalancesEOYAmt0855712
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt06362
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt06362
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt014949
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0522883
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0530694
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt024042
IRS990/OccupancyGrp/TotalAmt024042
IRS990/OfficeExpensesGrp/FundraisingAmt01214
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02562
IRS990/OfficeExpensesGrp/ProgramServicesAmt04792
IRS990/OfficeExpensesGrp/TotalAmt08568
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2PROF MEMBERSHIP
IRS990/OtherExpensesGrp/Desc3LICENSE AND PERMITS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt156
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt355
IRS990/OtherExpensesGrp/TotalAmt010
IRS990/OtherExpensesGrp/TotalAmt156
IRS990/OtherExpensesGrp/TotalAmt2145
IRS990/OtherExpensesGrp/TotalAmt355
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02125
IRS990/OtherSalariesAndWagesGrp/TotalAmt02125
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03987
IRS990/PayrollTaxesGrp/TotalAmt03987
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOSEPH ODONNELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SOCIETY PRESENTS VARIOUS PROGRAM EVENTS OPEN TO THE PUBLIC IN VARIOUS LOCATIONS THROUGHOUT THE COUNTY ON A WIDE RANGE OF HISTORY TOPICS. THE SOCIETY PUBLISHES A BI-MONTHLY NEWSLETTER WITH DESCRIPTIONS OF ADDITIONS TO THE HISTORICAL COLLECTIONS, PUBLIC PRESENTATIONS AND EXHIBITS AS WELL AS NEWS ABOUT THE ACTIVITIES OF OTHER LOCAL HISTORICAL SOCIETIES AND LIBRARIES IN THE COUNTY. THE NEWSLETTER IS FREE TO VISITORS AT THE SOCIETYS HEADQUARTERS AND IS ALSO MAILED OR E-MAILED TO APPROXIMATELY 400 MEMBERS. THE SOCIETYS WEBSITE ALSO PROVIDES FREE ACCESS TO A KENNEBEC COUNTY SURNAME DATABASE FOR MEMBERS OF THE PUBLIC SEARCHING FOR PEOPLE WHO HAVE RESIDED IN KENNEBEC COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06925
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0141446
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0100
IRS990/PYInvestmentIncomeAmt01349
IRS990/PYOtherExpensesAmt069145
IRS990/PYOtherRevenueAmt04630
IRS990/PYRevenuesLessExpensesAmt019179
IRS990/PYSalariesCompEmpBnftPaidAmt059001
IRS990/PYTotalExpensesAmt0128246
IRS990/PYTotalRevenueAmt0147425
IRS990/QuidProQuoContributionsInd0false
IRS990/ReconcilationRevenueExpnssAmt0-7138
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0252566
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0234801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0108929
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0141446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0265771
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0121028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0141338
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0778512
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02442
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01034
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01336
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09056
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68570
IRS990ScheduleA/PublicSupportPY170Pct00.63420
IRS990ScheduleA/PublicSupportTotal170Amt0540069
IRS990ScheduleA/SubstantialContributorsTotAmt0238443
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0108929
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0141446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0265771
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0121028
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0141338
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0778512
IRS990ScheduleA/TotalSupportAmt0787568
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0109230
IRS990ScheduleD/BuildingsGrp/DepreciationAmt064770
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0174000
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0114294
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt043030
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0174144
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt016820
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt030051
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt092028
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0114294
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7710
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt075
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt028152
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt030050
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01948
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt050
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt027281
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt028152
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0921
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt050
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt023968
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt027281
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03363
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt050
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03680
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03680
IRS990ScheduleD/LandGrp/BookValueAmt0116000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0116000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0219251
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0125436
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0344687
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0444481
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR DISCUSSION, REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THROUGH FORMAL DISCUSSIONS DURING BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRINTED COPIES OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY COULD BE PICKED UP AT THE SOCIETYS HEADQUARTERS. FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC HOWEVER PERTINENT ANNUAL FINANCIAL RESULTS ARE REPORTED IN THE SOCIETYS ANNUAL REPORT.

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