Civic Intelligence

Hanover Education Foundation

990 • Fiscal year 2019 • EIN 54-1573406

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 30, 2020

Organization ProfileWWW.HEFHANOVER.COM
200 Berkley StreetAshland, VA 23005-1302

(804) 365-4565

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

26th percentile

-5.6%

Higher net margin than 26% 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

49th percentile

2.6%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,763,636

Up $96,352 (+2.6%) from 2018

Net Assets

Up

$3,763,636

Up $99,723 (+2.7%) from 2018

Liabilities

Down

$0

Down $3,371 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin26th percentile

Revenue

Down

$337,555

Down $80,820 (-19%) from 2018

Expenses

Down

$356,503

Down $70,180 (-16%) from 2018

Net Income

Down

-$18,948

Down $10,640 (-128%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,391,202Liabilities 2011: $20,889Net Assets 2011: $1,370,3132011Assets 2012: $1,364,946Liabilities 2012: $0Net Assets 2012: $1,364,9462012Assets 2013: $1,505,874Liabilities 2013: $25,622Net Assets 2013: $1,480,2522013Assets 2014: $2,920,559Liabilities 2014: $8,147Net Assets 2014: $2,912,4122014Assets 2015: $3,177,177Liabilities 2015: $0Net Assets 2015: $3,177,1772015Assets 2016: $3,096,901Liabilities 2016: $1,392Net Assets 2016: $3,095,5092016Assets 2017: $3,588,508Liabilities 2017: $4,500Net Assets 2017: $3,584,0082017Assets 2018: $3,667,284Liabilities 2018: $3,371Net Assets 2018: $3,663,9132018Assets 2019: $3,763,636Liabilities 2019: $0Net Assets 2019: $3,763,6362019Assets 2020: $3,831,915Liabilities 2020: $6,000Net Assets 2020: $3,825,9152020Assets 2021: $4,771,377Liabilities 2021: $0Net Assets 2021: $4,771,3772021Assets 2022: $4,181,076Liabilities 2022: $0Net Assets 2022: $4,181,0762022Assets 2023: $4,426,495Liabilities 2023: $0Net Assets 2023: $4,426,4952023Assets 2024: $4,748,655Liabilities 2024: $0Net Assets 2024: $4,748,6552024

Highlighted filing

2019

Assets$3,763,636
Liabilities$0
Net Assets$3,763,636
Open 2019 Filing

Operations Trend

Revenue Growth15th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $285,1842011Expenses 2012: $246,9642012Revenue 2013: $209,280Expenses 2013: $196,829Net Income 2013: $12,4512013Revenue 2014: $1,571,026Expenses 2014: $282,615Net Income 2014: $1,288,4112014Revenue 2015: $706,361Expenses 2015: $342,403Net Income 2015: $363,9582015Revenue 2016: $410,359Expenses 2016: $372,907Net Income 2016: $37,4522016Revenue 2017: $552,162Expenses 2017: $331,942Net Income 2017: $220,2202017Revenue 2018: $418,375Expenses 2018: $426,683Net Income 2018: -$8,3082018Revenue 2019: $337,555Expenses 2019: $356,503Net Income 2019: -$18,9482019Revenue 2020: $585,857Expenses 2020: $494,563Net Income 2020: $91,2942020Revenue 2021: $609,232Expenses 2021: $279,936Net Income 2021: $329,2962021Revenue 2022: $552,749Expenses 2022: $335,391Net Income 2022: $217,3582022Revenue 2023: $542,835Expenses 2023: $396,671Net Income 2023: $146,1642023Revenue 2024: $434,335Expenses 2024: $512,073Net Income 2024: -$77,7382024

Highlighted filing

2019

Revenue$337,555
Expenses$356,503
Net Income-$18,948
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 30, 2020
Return Version
2018v3.2
Gross Receipts
$1,754,075
Mission and Program Overview

Mission

To substantially augment existing tax and grant-based funds in order to provide hanover county students with unparalled opportunities and experiences.

To enhance educational opportunities in hanover county, virginia

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,344,635$3,452,953▲ $108,318
Savings and Temporary Cash Investments$322,479$306,283▼ $16,196
Accounts Receivable$170$4,400▲ $4,230
Total Assets$3,667,284$3,763,636▲ $96,352
Liabilities
Accounts Payable and Accrued Expenses$3,371--
Total Liabilities$3,371$0▼ $3,371
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,051,595$2,275,080▲ $1,223,485
Temporarily Rstr Net Assets$2,149,287$1,060,382▼ $1,088,905
Unrestricted Net Assets$463,031$428,174▼ $34,857
Total Net Assets Fund Balance$3,663,913$3,763,636▲ $99,723
Total Liabilities and Net Assets / Fund Balance$3,667,284$3,763,636▲ $96,352

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,344,635-▲ $273,117-$3,455,149
2018$3,221,871-▲ $321,065-$3,344,635
2017$2,787,731$233,750▲ $411,033-$3,221,871
2016$2,884,586-▲ $17,830-$2,787,731
2015$2,615,939$330,000▲ $50,582-$2,884,586
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Brett S ChristianPresident
Ginnina L EakleDirector
J Michael LohrDirector
Jeffrey L SigmonDirector
Jennifer a CoreyDirector
Kim EppsDirector
Kimberley B Dages CPADirector
Lisa a MorrisDirector
Michael C PatrickDirector
Trip TribbleDirector
Margaret HillExecutive Di
Sharon H PottsSecretary
Paul B FranklinTreasurer
Fatima R CaldasVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$165,569
Program Service Revenue
$0
Investment Income
$150,517
Other Revenue
$21,469
All Other Contributions
$128,961
Change in Net Assets
$-18,948

Audited Revenue Reconciliation

Revenue per Audited Statements
$304,684
Revenue Not Reported on Financial Statements
$32,871
Revenue Not Reported on Form 990
$220,951
Total Revenue per Audited Statements
$525,635
Total Revenue per Form 990
$337,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$282,848
Other Expenses$73,655
Total Fundraising Expense$3,926
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$181,705--$181,705
Grants to Domestic Orgs$101,143--$101,143
Fees for Service Investment Mgmnt Fees-$32,871-$32,871
Fees for Services Accounting-$7,345-$7,345
All Other Expenses-$5,345$60$5,405
Conferences and Meetings-$4,976-$4,976
Other Expenses$4,000$3,703$3,866$3,703
Office Expenses-$2,366-$2,366
Travel-$1,989-$1,989
Insurance-$858-$858
Total Functional Expenses$286,848$65,729$3,926$356,503

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$425,912
Total Expenses per Form 990$356,503
Expenses per Audited Statements$323,632
Expenses Not Reported on Form 990$102,280
Expenses Not Reported on Financial Statements$32,871
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hanover County Public SchoolsAshland, VAGovScholarships/awards$101,143
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,500
Fundraising Direct Expenses$39,031
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$45,169$28,800-$28,800
Celebration Din$33,500$24,000-$24,000
Total Events$97,108$60,500$39,031$21,469
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
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
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 11B

“The accounting firm prepares the draft form 990 which is circlulated by email to the board. The board is given a response period for questions. After the response period expires and questions are addressed the foundation files the form 990.”

Form 990, Page 6, Part VI, Line 19

“All records are available to the public for review upon request at the office of the foundation located at the county of hanover, virginia school board office, 200 berkley street, ashland, virginia.”

Filing and Contact Details

Filer

Filer Name
Hanover Education Foundation
EIN
54-1573406
Phone
8043654565
Address
200 BERKLEY STREET, ASHLAND, VA 23005-1302

Signing Officer

Name
Margaret Hill
Title
Executive Director
Phone
8043654565
Signed
2020-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Hill
Formed
1989
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
22

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
George G Crowell CPA
Phone
8045600560
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Reading olympics - the foundation provides funding for the reading olympics program which encourages students to read books and compete in various competitions. Other grants - the foundation awards grants to educators, students, and staff in order to enhance educational opportunities including the purchase of materials and supplies for hanover county public schools.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are in place to provide the resources necessary to provide grants and scholarships to hanover county public school students, educators, and school leaders.”

Schedule D, Page 3, Part X

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the foundation and various positions related to the potential sources of unrelated business taxable income (ubti). The foundation has recognized no uncertain tax positions for the year ended june 30, 2019. The foundation is generally no longer subject to examination by the internal revenue service for years before 2016.”

Raw XML AppendixShowing 400 of 527 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03371
IRS990/AccountsReceivableGrp/BOYAmt0170
IRS990/AccountsReceivableGrp/EOYAmt04400
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ENHANCE EDUCATIONAL OPPORTUNITIES IN HANOVER COUNTY, VIRGINIA
IRS990/AllOtherContributionsAmt0128961
IRS990/AllOtherExpensesGrp/FundraisingAmt060
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05345
IRS990/AllOtherExpensesGrp/TotalAmt05405
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0MARGARET HILL
IRS990/BooksInCareOfDetail/PhoneNum08043654565
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 BERKLEY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ASHLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023005
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt04976
IRS990/ConferencesMeetingsGrp/TotalAmt04976
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt036608
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0165569
IRS990/CYGrantsAndSimilarPaidAmt0282848
IRS990/CYInvestmentIncomeAmt0150517
IRS990/CYOtherExpensesAmt073655
IRS990/CYOtherRevenueAmt021469
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-18948
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0356503
IRS990/CYTotalFundraisingExpenseAmt03926
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0337555
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0SCHOLARSHIPS - THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS IN ORDER TO ENHANCE EDUCATIONAL OPPORTUNITIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0155343
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07345
IRS990/FeesForServicesAccountingGrp/TotalAmt07345
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt032871
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt032871
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0BRETT S CHRISTIAN
IRS990/Form990PartVIISectionAGrp/PersonNm1FATIMA R CALDAS
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL B FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm3SHARON H POTTS
IRS990/Form990PartVIISectionAGrp/PersonNm4JENNIFER A COREY
IRS990/Form990PartVIISectionAGrp/PersonNm5KIMBERLEY B DAGES CPA
IRS990/Form990PartVIISectionAGrp/PersonNm6GINNINA L EAKLE
IRS990/Form990PartVIISectionAGrp/PersonNm7KIM EPPS
IRS990/Form990PartVIISectionAGrp/PersonNm8J MICHAEL LOHR
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA A MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL C PATRICK
IRS990/Form990PartVIISectionAGrp/PersonNm11JEFFREY L SIGMON
IRS990/Form990PartVIISectionAGrp/PersonNm12TRIP TRIBBLE
IRS990/Form990PartVIISectionAGrp/PersonNm13MARGARET HILL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt036608
IRS990/FundraisingDirectExpensesAmt039031
IRS990/FundraisingGrossIncomeAmt060500
IRS990/GainOrLossGrp/SecuritiesAmt079795
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt0155343
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0181705
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0181705
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0101143
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0101143
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01457284
IRS990/GrossReceiptsAmt01754075
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0858
IRS990/InsuranceGrp/TotalAmt0858
IRS990/InvestmentIncomeGrp/ExclusionAmt070722
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt070722
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03344635
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03452953
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01377489
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUBSTANTIALLY AUGMENT EXISTING TAX AND GRANT-BASED FUNDS IN ORDER TO PROVIDE HANOVER COUNTY STUDENTS WITH UNPARALLED OPPORTUNITIES AND EXPERIENCES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03663913
IRS990/NetAssetsOrFundBalancesEOYAmt03763636
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt079795
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt079795
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt021469
IRS990/NetUnrlzdGainsLossesInvstAmt0118671
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt06253
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02366
IRS990/OfficeExpensesGrp/TotalAmt02366
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1HANOVER SCHOLARS RECEPTIO
IRS990/OtherExpensesGrp/Desc2INDIRECT - SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt03866
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06276
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13703
IRS990/OtherExpensesGrp/ProgramServicesAmt04000
IRS990/OtherExpensesGrp/TotalAmt06276
IRS990/OtherExpensesGrp/TotalAmt14000
IRS990/OtherExpensesGrp/TotalAmt23866
IRS990/OtherExpensesGrp/TotalAmt33703
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01051595
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02275080
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARGARET HILL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0CLASSROOMS OF THE FUTURE - THE FOUNDATION GIVES GRANTS TO EDUCATORS IN ORDER TO ENHANCE TECHNOLOGY AND INNOVATION IN THE CLASSROOM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt045012
IRS990/ProgSrvcAccomActy2Grp/GrantAmt045012
IRS990/ProgSrvcAccomActy3Grp/Desc0CLASSROOM GRANTS - THE FOUNDATION PROVIDES GRANTS TO EDUCATORS IN ORDER TO FACILITATE AND UPGRADE LEARNING ENVIRONMENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt029528
IRS990/ProgSrvcAccomActy3Grp/GrantAmt029528
IRS990/ProgSrvcAccomActyOtherGrp/Desc0READING OLYMPICS - THE FOUNDATION PROVIDES FUNDING FOR THE READING OLYMPICS PROGRAM WHICH ENCOURAGES STUDENTS TO READ BOOKS AND COMPETE IN VARIOUS COMPETITIONS. OTHER GRANTS - THE FOUNDATION AWARDS GRANTS TO EDUCATORS, STUDENTS, AND STAFF IN ORDER TO ENHANCE EDUCATIONAL OPPORTUNITIES INCLUDING THE PURCHASE OF MATERIALS AND SUPPLIES FOR HANOVER COUNTY PUBLIC SCHOOLS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt056965
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt052965
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0181669
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0300895
IRS990/PYInvestmentIncomeAmt0232846
IRS990/PYOtherExpensesAmt0125788
IRS990/PYOtherRevenueAmt03860
IRS990/PYRevenuesLessExpensesAmt0-8308
IRS990/PYTotalExpensesAmt0426683
IRS990/PYTotalRevenueAmt0418375
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-18948
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0322479
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0306283
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0165569
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0181669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0376110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0242364
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0533568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01499280
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt070722
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0158759
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0137168
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0114004
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0134171
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0614824
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt060500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt029600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt074261
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0164361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt070722
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0158759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0137168
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0114004
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0134171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0614824
IRS990ScheduleA/InvestmentIncomeCYPct00.26000
IRS990ScheduleA/InvestmentIncomePYPct00.18000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt030045
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt022018
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt052063
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.71380
IRS990ScheduleA/PublicSupportPY509Pct00.80420
IRS990ScheduleA/PublicSupportTotal509Amt01663641
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0226069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0211269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0450371
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0242364
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0533568
IRS990ScheduleA/Total509Grp/TotalAmt01663641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0296791
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0370028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0587539
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0386413
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0689757
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02330528
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/BoardDesignatedBalanceEOYPct00.07990
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt032871
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03344635
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03455149
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0129732
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0273117
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt040301
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03221871
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03344635
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0158000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0321065
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt036643
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02787731
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0233750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03221871
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0174000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0411033
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt025685
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02884586
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02787731
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt089000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017830
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt022935
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02615939
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0330000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02884586
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt089000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050582
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0102280
IRS990ScheduleD/DonatedServicesUseFcltsAmt0102280
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0102280
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt032871
IRS990ScheduleD/ExpensesSubtotalAmt0323632
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt032871
IRS990ScheduleD/InvestmentExpensesNotIncldAmt032871
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0118671
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.65850
IRS990ScheduleD/RevenueNotReportedAmt0220951
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt032871
IRS990ScheduleD/RevenueSubtotalAmt0304684
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE IN PLACE TO PROVIDE THE RESOURCES NECESSARY TO PROVIDE GRANTS AND SCHOLARSHIPS TO HANOVER COUNTY PUBLIC SCHOOL STUDENTS, EDUCATORS, AND SCHOOL LEADERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE FOUNDATION HAS RECOGNIZED NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2019. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.26160
IRS990ScheduleD/TotalExpensesPerForm990Amt0356503
IRS990ScheduleD/TotalRevenuePerForm990Amt0337555
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0525635
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0425912
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt036608
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016369
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt09500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt010739
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt039031
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,763,636
Liabilities
$0
Net assets
$3,763,636
Revenue
$337,555
Expenses
$356,503
Net income
-$18,948
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$0.43$0.51$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$0.54$0.40$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.00$4.18$0.55$0.34$0.22
2021Detailed filing. Detailed filing data is available for this year.$4.77$0.00$4.77$0.61$0.28$0.33
2020Detailed filing. Detailed filing data is available for this year.$3.83$0.01$3.83$0.59$0.49$0.09
2019Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.34$0.36$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.67$0.00$3.66$0.42$0.43$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.58$0.55$0.33$0.22
2016Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.41$0.37$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$0.71$0.34$0.36
2014Summary only. Only limited summary data is available for this year.$2.92$0.01$2.91$1.57$0.28$1.29
2013Summary only. Only limited summary data is available for this year.$1.51$0.03$1.48$0.21$0.20$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.00$1.36$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.02$1.37$0.29