Civic Intelligence

Donald G Gardner Humanities Trust

990 • Fiscal year 2017 • EIN 41-1639968

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 06, 2018

PO Box 720Ely, MN 55731

(218) 365-2639

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.01x

Higher debt load relative to revenue than 40% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$20,202

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

65th percentile

9.9%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

82nd percentile

37%

Faster revenue growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$912,100

Up $81,976 (+9.9%) from 2016

Net Assets

Up

$910,499

Up $81,856 (+9.9%) from 2016

Liabilities

Up

$1,601

Up $120 (+8.1%) from 2016

Revenue

Up

$111,782

Up $30,457 (+37%) from 2016

Expenses

Up

$70,538

Up $5,231 (+8.0%) from 2016

Net Income

Up

$41,244

Up $25,226 (+157%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $368,315Liabilities 2010: $200Net Assets 2010: $368,1152010Assets 2011: $663,120Liabilities 2011: $499Net Assets 2011: $662,6212011Assets 2012: $720,272Liabilities 2012: $439Net Assets 2012: $719,8332012Assets 2013: $853,841Liabilities 2013: $438Net Assets 2013: $853,4032013Assets 2014: $878,959Liabilities 2014: $1,094Net Assets 2014: $877,8652014Assets 2015: $813,945Liabilities 2015: $1,320Net Assets 2015: $812,6252015Assets 2016: $830,124Liabilities 2016: $1,481Net Assets 2016: $828,6432016Assets 2017: $912,100Liabilities 2017: $1,601Net Assets 2017: $910,4992017Assets 2018: $774,372Liabilities 2018: $1,674Net Assets 2018: $772,6982018Assets 2019: $1,002,000Liabilities 2019: $1,838Net Assets 2019: $1,000,1622019Assets 2020: $923,392Liabilities 2020: $1,474Net Assets 2020: $921,9182020Assets 2021: $984,756Liabilities 2021: $1,839Net Assets 2021: $982,9172021Assets 2022: $778,104Liabilities 2022: $836Net Assets 2022: $777,2682022Assets 2023: $842,502Liabilities 2023: $0Net Assets 2023: $842,5022023Assets 2024: $910,655Liabilities 2024: $0Net Assets 2024: $910,6552024

Highlighted filing

2017

Assets$912,100
Liabilities$1,601
Net Assets$910,499

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $10,123Expenses 2010: $11,469Net Income 2010: -$1,3462010Expenses 2011: $25,0552011Revenue 2012: $89,902Expenses 2012: $32,690Net Income 2012: $57,2122012Revenue 2013: $163,863Expenses 2013: $30,293Net Income 2013: $133,5702013Revenue 2014: $69,305Expenses 2014: $44,843Net Income 2014: $24,4622014Revenue 2015: $37,928Expenses 2015: $53,594Net Income 2015: -$15,6662015Revenue 2016: $81,325Expenses 2016: $65,307Net Income 2016: $16,0182016Revenue 2017: $111,782Expenses 2017: $70,538Net Income 2017: $41,2442017Revenue 2018: $166,389Expenses 2018: $80,436Net Income 2018: $85,9532018Revenue 2019: $269,252Expenses 2019: $172,188Net Income 2019: $97,0642019Revenue 2020: $55,187Expenses 2020: $224,010Net Income 2020: -$168,8232020Revenue 2021: $47,407Expenses 2021: $55,452Net Income 2021: -$8,0452021Revenue 2022: $23,787Expenses 2022: $55,766Net Income 2022: -$31,9792022Revenue 2023: $34,362Expenses 2023: $63,978Net Income 2023: -$29,6162023Revenue 2024: $59,584Expenses 2024: $41,343Net Income 2024: $18,2412024

Highlighted filing

2017

Revenue$111,782
Expenses$70,538
Net Income$41,244
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 6, 2018
Return Version
2017v2.2
Gross Receipts
$487,147
Mission and Program Overview

Mission

Charitable, educational and benevolent purposes

Charitable, educational and benevolent purposes to provide grants to support the local arts and artisans through scholarships, educational and artistic grant awards as well as to

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$820,214$519,876▼ $300,338
Cash and Non-Interest-Bearing Accounts$9,550$392,037▲ $382,487
Land, Buildings, and Equipment, Net$360$187▼ $173
Total Assets$830,124$912,100▲ $81,976
Liabilities
Accounts Payable and Accrued Expenses$1,481$1,601▲ $120
Total Liabilities$1,481$1,601▲ $120
Net Assets / Fund Balance
Permanently Rstr Net Assets$583,198$583,198→ $0
Unrestricted Net Assets$245,445$327,301▲ $81,856
Total Net Assets Fund Balance$828,643$910,499▲ $81,856
Total Liabilities and Net Assets / Fund Balance$830,124$912,100▲ $81,976

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$187$2,065$2,252

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$810,794-▲ $146,101-$910,499
2016$810,795-▲ $41,612-$810,794
2015$876,755-▼ $34,379-$810,795
2014$662,559$216,278▲ $20,374-$876,755
2013$607,391-▲ $63,598-$662,559
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keiko WilliamsExecutive DirectorPT$20,202$20,202

Board Members and Trustees

NameTitle
Tara BoerstChair
Claire TaylorVice Chair
Andrea StromBoard member
Becky ZientekBoard member
Beth OhlhauserBoard member
Ryan CallenBoard member
Cade ThibodeauxTreasurer
Laura MoberlyVice Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,130
Program Service Revenue
$70
Investment Income
$109,582
Other Revenue
$0
All Other Contributions
$2,130
Change in Net Assets
$41,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$37,105
Salaries, Compensation, and Employee Benefits$21,767
Other Expenses$11,666
Total Fundraising Expense$239
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,080--$26,080
Current Officers, Directors, Trustees, and Key Employees$15,152$4,848$202$20,202
Grants to Domestic Individuals$11,025--$11,025
Fees for Service Investment Mgmnt Fees$0$4,012$0$4,012
Advertising$1,849$0$0$1,849
Payroll Taxes$1,174$376$15$1,565
Office Expenses$1,041$337$13$1,391
Fees for Services Accounting$0$1,225$0$1,225
Travel$0$1,221$0$1,221
Other Expenses$675$216$9$900
Insurance$0$703$0$703
Fees for Services Legal$0$192$0$192
Depreciation Depletion$0$173$0$173
Total Functional Expenses$56,996$13,303$239$70,538
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Donald G Gardner Humanities Trust
EIN
41-1639968
Phone
2183652639
Address
PO Box 720, Ely, MN 55731

Signing Officer

Name
Keiko Williams
Title
Executive Director
Phone
2183652639
Signed
2018-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
K Williams
Formed
1989
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
14

Preparer

Firm
Sterle & Co Ltd
Address
522 E HOWARD ST STE 207, HIBBING, MN 55746-1714
Preparer
Bonnie Sterle
Phone
2182625525
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of the 990 is routed to Board members for review prior to approval and submission

Pt VI, Line 15A

The Executive Director's salary is determined and approved by the Board based on factors including area market, job duties and cash flow

Pt VI, Line 19

All financial information is available upon request by the public

Pt VI, Line 12C

Annual disclosures are required and kept on file.

Financial Statement Notes

Pt V, Line 4

The funds are held as an endowment based on a 1989 trust agreement for the permanently restricted endowment. Board designated endowments are established under the bylaws of the organization to protect the purchasing power and integrity of the original permanent endowment monies.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The governing documents specify that the Donald G. Gardner Humanities Trust will be established for the local promotion and enhancement of the City of Ely including the library and the arts for the City of Ely and its citizens and residents. The funds were originally given to the City of Ely.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The City Council of Ely appoints trustees which include members and representatives of the City of Ely, the Ely Library Board and the local arts community.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2In 1944, Donald G. Gardner donated a painting to the City of Ely. The painting hung in the Ely Public Library until it was sold in 1989. The Donald G. Gardner Humanities Trust was created by the City of Ely for the enhancement, growth and improvement of the Ely Public Library and the arts and artisans of the Ely area. The Trust was created to manage and fund educational and artistic scholarships and grants as well as to provide funding for the cultural and aesthetic environment of the City of Ely and its residents.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt IV Sec A Ln 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Pt IV Sec D Ln 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Other Addl Info
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0416005133
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt037105
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0City of Ely - Community and area residents
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt037105
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt09291
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0810794
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0910499
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt037105
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0146101
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt09123
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0810795
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0810794
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt032490
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041612
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt09035
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0876755
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0810795
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt022546
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-34379
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt04626
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0662559
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0216278
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0876755
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt017830
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020374
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt04790
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0607391
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0662559
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt03640
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt063598
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02065
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02252
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The funds are held as an endowment based on a 1989 trust agreement for the permanently restricted endowment. Board designated endowments are established under the bylaws of the organization to protect the purchasing power and integrity of the original permanent endowment monies.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0187
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual artist grants and scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NA
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt036
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0cash
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 is routed to Board members for review prior to approval and submission
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Director's salary is determined and approved by the Board based on factors including area market, job duties and cash flow
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All financial information is available upon request by the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annual disclosures are required and kept on file.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0830124
IRS990/TotalAssetsEOYAmt0912100
IRS990/TotalAssetsGrp/BOYAmt0830124
IRS990/TotalAssetsGrp/EOYAmt0912100
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02130
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0239
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013303
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056996
IRS990/TotalFunctionalExpensesGrp/TotalAmt070538
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01481
IRS990/TotalLiabilitiesEOYAmt01601
IRS990/TotalLiabilitiesGrp/BOYAmt01481
IRS990/TotalLiabilitiesGrp/EOYAmt01601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0828643
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0910499
IRS990/TotalProgramServiceExpensesAmt056996
IRS990/TotalProgramServiceRevenueAmt070
IRS990/TotalReportableCompFromOrgAmt020202
IRS990/TotalRevenueGrp/ExclusionAmt0109582
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0111782
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0830124
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0912100
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01221
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt01221
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0245445
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0327301
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 720
IRS990/USAddress/CityNm0Ely
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055731

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.06$0.04$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.03$0.06$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.02$0.06$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.05$0.06$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.06$0.22$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.27$0.17$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.17$0.08$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.11$0.07$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.08$0.07$0.02
2015Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.04$0.05$0.02
2014Summary only. Only limited summary data is available for this year.$0.88$0.00$0.88$0.07$0.04$0.02
2013Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.16$0.03$0.13
2012Summary only. Only limited summary data is available for this year.$0.72$0.00$0.72$0.09$0.03$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$0.01$0.01$0.00