Civic Intelligence

The Agenda Project Action Fund Inc

990 • Fiscal year 2018 • EIN 80-0378174

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

Organization ProfileWWW.APACTION.COM
1701 K Street NW No 750Washington, DC 20006

(202) 446-0489

Siviq Scores

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

Liabilities / Assets

97th percentile

1.55x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.43x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$311,523

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 38.7% of source-year revenue.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Asset Growth

4th percentile

-35%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-9.3%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$222,179

Down $117,443 (-35%) from 2017

Net Assets

Down

-$122,443

Down $285,912 (-175%) from 2017

Liabilities

Up

$344,622

Up $168,469 (+96%) from 2017

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin8th percentile

Revenue

Down

$805,469

Down $82,724 (-9.3%) from 2017

Expenses

Up

$1,091,381

Up $300,179 (+38%) from 2017

Net Income

Down

-$285,912

Down $382,903 (-395%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$600K$400K$200K$0-$200KAssets 2010: $65,046Liabilities 2010: $41,246Net Assets 2010: $23,8002010Assets 2011: $43,535Liabilities 2011: $132,918Net Assets 2011: -$89,3832011Assets 2012: $13,095Liabilities 2012: $36,608Net Assets 2012: -$23,5132012Assets 2013: $14,100Liabilities 2013: $34,490Net Assets 2013: -$20,3902013Assets 2014: $29,651Liabilities 2014: $27,124Net Assets 2014: $2,5272014Assets 2015: $68,201Liabilities 2015: $26,828Net Assets 2015: $41,3732015Assets 2016: $250,204Liabilities 2016: $34Net Assets 2016: $250,1702016Assets 2017: $339,622Liabilities 2017: $176,153Net Assets 2017: $163,4692017Assets 2018: $222,179Liabilities 2018: $344,622Net Assets 2018: -$122,4432018Assets 2019: $433,508Liabilities 2019: $207,118Net Assets 2019: $226,3902019Assets 2020: $105,767Liabilities 2020: $122,928Net Assets 2020: -$17,1612020Assets 2021: $304,697Liabilities 2021: $191,943Net Assets 2021: $112,7542021Assets 2022: $123,537Liabilities 2022: $227,002Net Assets 2022: -$103,4652022Assets 2023: $270,231Liabilities 2023: $184,381Net Assets 2023: $85,8502023Assets 2024: $517,193Liabilities 2024: $159,266Net Assets 2024: $357,9272024

Highlighted filing

2018

Assets$222,179
Liabilities$344,622
Net Assets-$122,443
Open 2018 Filing

Operations Trend

Revenue Growth23rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $616,4172010Revenue 2011: $583,866Expenses 2011: $697,049Net Income 2011: -$113,1832011Expenses 2012: $48,7332012Revenue 2013: $83,700Expenses 2013: $80,577Net Income 2013: $3,1232013Revenue 2014: $161,782Expenses 2014: $138,865Net Income 2014: $22,9172014Revenue 2015: $304,925Expenses 2015: $266,079Net Income 2015: $38,8462015Revenue 2016: $669,199Expenses 2016: $460,402Net Income 2016: $208,7972016Revenue 2017: $888,193Expenses 2017: $791,202Net Income 2017: $96,9912017Revenue 2018: $805,469Expenses 2018: $1,091,381Net Income 2018: -$285,9122018Revenue 2019: $1,347,354Expenses 2019: $998,521Net Income 2019: $348,8332019Revenue 2020: $753,138Expenses 2020: $996,689Net Income 2020: -$243,5512020Revenue 2021: $1,264,966Expenses 2021: $1,135,051Net Income 2021: $129,9152021Revenue 2022: $1,106,509Expenses 2022: $1,322,728Net Income 2022: -$216,2192022Revenue 2023: $890,195Expenses 2023: $700,880Net Income 2023: $189,3152023Revenue 2024: $1,100,043Expenses 2024: $827,271Net Income 2024: $272,7722024

Highlighted filing

2018

Revenue$805,469
Expenses$1,091,381
Net Income-$285,912
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$805,469
Mission and Program Overview

Mission

Tesseract, inc. Is a non-profit corporation dedicated to fostering and promoting knowledge, public advocacy concerning social and political issues through meetings and events.

Tesseract, inc. Is dedicated to fostering and promoting knowledge, public advocacy concerning social and political issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$339,622$220,923▼ $118,699
Prepaid Expenses and Deferred Charges$0$1,256▲ $1,256
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$339,622$222,179▼ $117,443
Liabilities
Other Liabilities$135,464$290,231▲ $154,767
Accounts Payable and Accrued Expenses$40,689$54,391▲ $13,702
Total Liabilities$176,153$344,622▲ $168,469
Net Assets / Fund Balance
Unrestricted Net Assets$163,469$-122,443▼ $285,912
Total Net Assets Fund Balance$163,469$-122,443▼ $285,912
Total Liabilities and Net Assets / Fund Balance$339,622$222,179▼ $117,443

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$16,829$16,829
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Erica PaynePresident
Chuck CollinsDirector
Roshanak Ameli-tehraniDirector
Stephen PrinceDirector
Morris PearlTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$805,469
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$805,469
Change in Net Assets
$-285,912

Audited Revenue Reconciliation

Revenue per Audited Statements
$805,469
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$805,469
Total Revenue per Form 990
$805,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$675,144
Other Expenses$416,237
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$332,671$107,425-$440,096
Current Officers, Directors, Trustees, and Key Employees$105,635$34,361-$139,996
Information Technology$36,138$14,919-$51,057
Occupancy$36,460$12,280-$48,740
Fees for Services Lobbying$48,000--$48,000
Fees for Services Other$47,688--$47,688
Other Employee Benefits$32,510$11,319-$43,829
Payroll Taxes$29,642$9,881-$39,523
Advertising$29,512$9,838-$39,350
Travel$21,665$7,222-$28,887
Fees for Services Accounting-$23,850-$23,850
Conferences and Meetings$23,812--$23,812
All Other Expenses$14,511$6,819-$21,330
Insurance$10,325$2,299-$12,624
Fees for Services Legal-$12,237-$12,237
Pension Plan Contributions$8,499$3,201-$11,700
Other Expenses$7,278$1,884-$7,278
Office Expenses$2,701$900-$3,601
Total Functional Expenses$829,221$262,160$0$1,091,381

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,091,381
Total Expenses per Audited Statements$1,091,381
Total Expenses per Form 990$1,091,381
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$150,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agenda Project C3$290,231
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is sent via email to the the president and board treasurer for review. The draft is also available to the board meeting prior to filing the tax return.”

Form 990, Part VI, Section B, Line 15A

“The president's compensation and review is done by the board. Employees compensation and review is done by the president.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Tesseract Inc
EIN
80-0378174
Phone
2024460489
Address
1701 K STREET NW NO 750, WASHINGTON, DC 20006

Signing Officer

Name
Erica Payne
Title
President
Phone
2024460489
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica Payne
Formed
2009
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Dembo Jones Pc
Address
6116 EXECUTIVE BLVD SUITE 500, NORTH BETHESDA, MD 20852
Preparer
Bert L Swain CPA
Phone
3017705100
Supplemental Narrative

Additional Explanations

FORM 990. PART V, LINE 2A:

“Tesseract, inc. Is related to tesseract research center, inc., who is the common paymaster for tesseract, inc. Form w-2s and all employment tax returns for compensation reported on this form 990 are issued and filed by tesseract research center, inc. Compensation reported on this form 990 is allocated by tesseract research center, inc. To tesseract, inc.”

Financial Statement Notes

PART X, LINE 2:

“Tesseract, inc. Is exempt from federal income taxes under section 501(c)(4) of the internal revenue code. However, entities that are classified under this section of the code are taxed on "unrelated business income" as defined by irs regulations. The organization had no unrelated business income for the year ended december 31, 2018 and 2017. Accounting principles generally accepted in the united states of america require the organization. To evaluate tax positions taken and recognize a tax liability if it is more likely than not that uncertain tax positions taken would not be sustained upon examination by taxing authorities. The organization has analyzed tax positions taken and has concluded that, as of december 31, 2018 and 2017, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. For the year ended december 31, 2018 and 2017, the organization had no interest and penalties related to income taxes. Tesseract, inc. Is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization's return is subject to examination by taxing authorities, generally for a period of three years after the returns are filed.”

Raw XML AppendixShowing 400 of 464 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt040689
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt054391
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TESSERACT, INC. IS DEDICATED TO FOSTERING AND PROMOTING KNOWLEDGE, PUBLIC ADVOCACY CONCERNING SOCIAL AND POLITICAL ISSUES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt09838
IRS990/AdvertisingGrp/ProgramServicesAmt029512
IRS990/AdvertisingGrp/TotalAmt039350
IRS990/AllOtherContributionsAmt0805469
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06819
IRS990/AllOtherExpensesGrp/ProgramServicesAmt014511
IRS990/AllOtherExpensesGrp/TotalAmt021330
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ERICA PAYNE
IRS990/BooksInCareOfDetail/PhoneNum02024460489
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01701 K STREET NW STE 750
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020006
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0339622
IRS990/CashNonInterestBearingGrp/EOYAmt0220923
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt034361
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0105635
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0139996
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt023812
IRS990/ConferencesMeetingsGrp/TotalAmt023812
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0805469
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0416237
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-285912
IRS990/CYSalariesCompEmpBnftPaidAmt0675144
IRS990/CYTotalExpensesAmt01091381
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0805469
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TESSERACT, INC. IS DEDICATED TO FOSTER AND PROMOTE PUBLIC KNOWLEDGE CONCERNING MAJOR SOCIAL AND POLITICAL ISSUES THROUGH MEETINGS AND EVENTS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0829221
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023850
IRS990/FeesForServicesAccountingGrp/TotalAmt023850
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt012237
IRS990/FeesForServicesLegalGrp/TotalAmt012237
IRS990/FeesForServicesLobbyingGrp/ProgramServicesAmt048000
IRS990/FeesForServicesLobbyingGrp/TotalAmt048000
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt047688
IRS990/FeesForServicesOtherGrp/TotalAmt047688
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt025208
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ERICA PAYNE
IRS990/Form990PartVIISectionAGrp/PersonNm1MORRIS PEARL
IRS990/Form990PartVIISectionAGrp/PersonNm2CHUCK COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHEN PRINCE
IRS990/Form990PartVIISectionAGrp/PersonNm4ROSHANAK AMELI-TEHRANI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0286315
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0805469
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt014919
IRS990/InformationTechnologyGrp/ProgramServicesAmt036138
IRS990/InformationTechnologyGrp/TotalAmt051057
IRS990/InsuranceGrp/ManagementAndGeneralAmt02299
IRS990/InsuranceGrp/ProgramServicesAmt010325
IRS990/InsuranceGrp/TotalAmt012624
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016829
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt016829
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TESSERACT, INC. IS A NON-PROFIT CORPORATION DEDICATED TO FOSTER AND PROMOTE KNOWLEDGE, PUBLIC ADVOCACY CONCERNING SOCIAL AND POLITICAL ISSUES THROUGH MEETINGS AND EVENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0163469
IRS990/NetAssetsOrFundBalancesEOYAmt0-122443
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/ManagementAndGeneralAmt012280
IRS990/OccupancyGrp/ProgramServicesAmt036460
IRS990/OccupancyGrp/TotalAmt048740
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0900
IRS990/OfficeExpensesGrp/ProgramServicesAmt02701
IRS990/OfficeExpensesGrp/TotalAmt03601
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011319
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032510
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043829
IRS990/OtherExpensesGrp/Desc0PARTNERSHIPS
IRS990/OtherExpensesGrp/Desc1MERCHANT FEES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3GRAPHI DESIGN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03725
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11884
IRS990/OtherExpensesGrp/ProgramServicesAmt025350
IRS990/OtherExpensesGrp/ProgramServicesAmt111174
IRS990/OtherExpensesGrp/ProgramServicesAmt25650
IRS990/OtherExpensesGrp/ProgramServicesAmt37278
IRS990/OtherExpensesGrp/TotalAmt025350
IRS990/OtherExpensesGrp/TotalAmt114899
IRS990/OtherExpensesGrp/TotalAmt27534
IRS990/OtherExpensesGrp/TotalAmt37278
IRS990/OtherLiabilitiesGrp/BOYAmt0135464
IRS990/OtherLiabilitiesGrp/EOYAmt0290231
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0107425
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0332671
IRS990/OtherSalariesAndWagesGrp/TotalAmt0440096
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09881
IRS990/PayrollTaxesGrp/ProgramServicesAmt029642
IRS990/PayrollTaxesGrp/TotalAmt039523
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03201
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08499
IRS990/PensionPlanContributionsGrp/TotalAmt011700
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01256
IRS990/PrincipalOfficerNm0ERICA PAYNE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0888193
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0538
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0331031
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt096991
IRS990/PYSalariesCompEmpBnftPaidAmt0459633
IRS990/PYTotalExpensesAmt0791202
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0888193
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-285912
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0805469
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/ScheduleBRequiredInd01
IRS990ScheduleC/PoliticalExpendituresAmt0150000
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT WAS USED FOR STAFF TIME DEDICATED TO CANDIDATE CALLS, ENDORSEMENT STRATEGY, AND THE CREATION AND USE OF THE WEBSITE 'PATRIOTIC MILLIONAIRES UNIVERSITY,' MESSAGING GUIDE MADE FOR CANDIDATES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/VolunteerHoursCnt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016829
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016829
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01091381
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0290231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AGENDA PROJECT C3
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0805469
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TESSERACT, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. HOWEVER, ENTITIES THAT ARE CLASSIFIED UNDER THIS SECTION OF THE CODE ARE TAXED ON "UNRELATED BUSINESS INCOME" AS DEFINED BY IRS REGULATIONS. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2018 AND 2017. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION. TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF IT IS MORE LIKELY THAN NOT THAT UNCERTAIN TAX POSITIONS TAKEN WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2018 AND 2017, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FOR THE YEAR ENDED DECEMBER 31, 2018 AND 2017, THE ORGANIZATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. TESSERACT, INC. IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S RETURN IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01091381
IRS990ScheduleD/TotalLiabilityAmt0290231
IRS990ScheduleD/TotalRevenuePerForm990Amt0805469
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0805469
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01091381
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0286315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ERICA PAYNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0311523
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TESSERACT, INC. IS RELATED TO TESSERACT RESEARCH CENTER, INC., WHO IS THE COMMON PAYMASTER FOR TESSERACT, INC. FORM W-2S AND ALL EMPLOYMENT TAX RETURNS FOR COMPENSATION REPORTED ON THIS FORM 990 ARE ISSUED AND FILED BY TESSERACT RESEARCH CENTER, INC. COMPENSATION REPORTED ON THIS FORM 990 IS ALLOCATED BY TESSERACT RESEARCH CENTER, INC. TO TESSERACT, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS SENT VIA EMAIL TO THE THE PRESIDENT AND BOARD TREASURER FOR REVIEW. THE DRAFT IS ALSO AVAILABLE TO THE BOARD MEETING PRIOR TO FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT'S COMPENSATION AND REVIEW IS DONE BY THE BOARD. EMPLOYEES COMPENSATION AND REVIEW IS DONE BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990. PART V, LINE 2A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0TESSERACT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1TESSERACT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2TESSERACT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0THE PATRIOTIC MILLIONAIRES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1MAYDAY AMERICA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2THE AGENDA PROJECT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1DC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2DC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01701 K STREET NW STE 750
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt11701 K STREET NW STE 750
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt21701 K STREET NW STE 750
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1WASHINGTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2WASHINGTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1DC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2DC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd020006
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd120006
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd220006
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TESSERACT RESEARCH CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0274552853
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01701 K STREET NW STE 750
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020006
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0627405
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1682976
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt299196
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TESSERACT RESEARCH CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1TESSERACT RESEARCH CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2TESSERACT RESEARCH CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2N
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0339622
IRS990/TotalAssetsEOYAmt0222179
IRS990/TotalAssetsGrp/BOYAmt0339622
IRS990/TotalAssetsGrp/EOYAmt0222179
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0805469
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0262160
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0829221
IRS990/TotalFunctionalExpensesGrp/TotalAmt01091381
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176153
IRS990/TotalLiabilitiesEOYAmt0344622
IRS990/TotalLiabilitiesGrp/BOYAmt0176153
IRS990/TotalLiabilitiesGrp/EOYAmt0344622

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$222,179
Liabilities
$344,622
Net assets
-$122,443
Revenue
$805,469
Expenses
$1,091,381
Net income
-$285,912
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.16$0.36$1.10$0.83$0.27
2023Detailed filing. Detailed filing data is available for this year.$0.27$0.18$0.09$0.89$0.70$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.23$0.10$1.11$1.32$0.22
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.19$0.11$1.26$1.14$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.12$0.02$0.75$1.00$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.21$0.23$1.35$1.00$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.34$0.12$0.81$1.09$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.18$0.16$0.89$0.79$0.10
2016Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.67$0.46$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.03$0.04$0.30$0.27$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.00$0.16$0.14$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.03$0.02$0.08$0.08$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.04$0.02$0.05
2011Summary only. Only limited summary data is available for this year.$0.04$0.13$0.09$0.58$0.70$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.04$0.02$0.62