Civic Intelligence

Imagination Lab School

990 • Fiscal year 2020 • EIN 47-2409286

Jul 01, 2019 to Jun 30, 2020 • Filed on May 11, 2021

Organization Profilewww.Imagination-School.org

View Organization Page

4000 Middlefield Rd Suite A5Palo Alto, CA 94303

(650) 460-8940

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$378,383

Flat from 2020

Net Assets

Flat

-$1,266,767

Flat from 2020

Liabilities

Flat

$1,645,150

Flat from 2020

Revenue And Expenses

Revenue

Flat

$718,350

Flat from 2020

Expenses

Flat

$1,170,365

Flat from 2020

Net Income

Flat

-$452,015

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2016: $71,528Liabilities 2016: $02016Assets 2017: $111,741Liabilities 2017: $295,830Net Assets 2017: -$184,0892017Assets 2018: $111,642Liabilities 2018: $462,955Net Assets 2018: -$351,3132018Assets 2019: $76,881Liabilities 2019: $891,633Net Assets 2019: -$814,7522019Assets 2020: $378,383Liabilities 2020: $1,645,150Net Assets 2020: -$1,266,7672020Assets 2020: $378,383Liabilities 2020: $1,645,150Net Assets 2020: -$1,266,7672020Assets 2021: $230,062Liabilities 2021: $701,228Net Assets 2021: -$471,1662021Assets 2022: $2,585,007Liabilities 2022: $1,060,513Net Assets 2022: $1,524,4942022Assets 2023: $755,160Liabilities 2023: $90,657Net Assets 2023: $664,5032023Assets 2024: $799,718Liabilities 2024: $117,348Net Assets 2024: $682,3702024Assets 2025: $648,702Liabilities 2025: $174,795Net Assets 2025: $473,9072025

Highlighted filing

2020

Assets$378,383
Liabilities$1,645,150
Net Assets-$1,266,767
Open 2020 Filing

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2016: $87,500Expenses 2016: $15,971Net Income 2016: $71,5292016Revenue 2017: $312,514Expenses 2017: $532,353Net Income 2017: -$219,8392017Revenue 2018: $340,795Expenses 2018: $508,019Net Income 2018: -$167,2242018Revenue 2019: $676,426Expenses 2019: $1,139,865Net Income 2019: -$463,4392019Revenue 2020: $718,350Expenses 2020: $1,170,365Net Income 2020: -$452,0152020Revenue 2020: $718,350Expenses 2020: $1,170,365Net Income 2020: -$452,0152020Revenue 2021: $2,015,814Expenses 2021: $1,220,215Net Income 2021: $795,5992021Revenue 2022: $3,187,230Expenses 2022: $1,191,570Net Income 2022: $1,995,6602022Revenue 2023: $873,963Expenses 2023: $1,733,954Net Income 2023: -$859,9912023Revenue 2024: $1,742,543Expenses 2024: $1,724,674Net Income 2024: $17,8692024Revenue 2025: $1,834,676Expenses 2025: $2,043,521Net Income 2025: -$208,8452025

Highlighted filing

2020

Revenue$718,350
Expenses$1,170,365
Net Income-$452,015
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 11, 2021
Return Version
2019v5.0
Gross Receipts
$718,457
Mission and Program Overview

Mission

Progressive education in a k-8 school, fostering in-depth learning, inspiring creativity, cultivating critical thinking, social emotional learning, collaboration and communication skills to realize each students potential.

Imagination School provides progressive education in a nonprofit K-12 school, fostering in-depth learning, inspiring creativity, cultivating critical thinking, social emotional learning, collaboration and communication skills to realize each student's potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$824,416$1,421,854▲ $597,438
Cash and Non-Interest-Bearing Accounts$58,755$352,991▲ $294,236
Land, Buildings, and Equipment, Net$14,842$20,748▲ $5,906
Prepaid Expenses and Deferred Charges$3,064$4,644▲ $1,580
Accounts Receivable$220$0▼ $220
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$76,881$378,383▲ $301,502
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$144,156-
Deferred Revenue$57,000$57,185▲ $185
Accounts Payable and Accrued Expenses$10,217$21,954▲ $11,737
Other Liabilities-$1-
Total Liabilities$891,633$1,645,150▲ $753,517
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-814,752$-1,266,767▼ $452,015
Total Net Assets Fund Balance$-814,752$-1,266,767▼ $452,015
Total Liabilities and Net Assets / Fund Balance$76,881$378,383▲ $301,502

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,221$11,214$30,435
Other Land Buildings$1,527$541$2,068
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Christopher BezsylkoHead of SchoolFT$210,000$25,399$235,399

Board Members and Trustees

NameTitle
Tuolin ChenChairman
Yinuo LiTrustee
Jingjing XuCEO
Scott BuchholzSecretary
Jaclyn ForoughiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$194,197
Program Service Revenue
$523,227
Investment Income
$6
Other Revenue
$920
All Other Contributions
$194,197
Change in Net Assets
$-452,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$821,264
Other Expenses$349,101
Total Fundraising Expense$34,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$398,922$90,000-$488,922
Current Officers, Directors, Trustees, and Key Employees$127,613$69,606$34,803$232,022
Occupancy$174,931--$174,931
Payroll Taxes$28,390$20,924-$49,314
Other Employee Benefits$33,822--$33,822
Interest-$27,439-$27,439
All Other Expenses$17,184$5,860-$23,044
Advertising$19,425--$19,425
Pension Plan Contributions$17,184--$17,184
Other Expenses$7,038$24,692-$7,038
Depreciation Depletion$3,489$2,838-$6,327
Fees for Services Accounting-$3,615-$3,615
Insurance-$2,136-$2,136
Fees for Services Legal-$729-$729
Fees for Services Other-$54-$54
Travel$28--$28
Total Functional Expenses$887,669$247,893$34,803$1,170,365
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$824,416$1,421,854▲ $597,438
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Board of Directors reviews and approves Form 990 after management has reviewed and authorized the filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Officers are required to voluntarily report any conflict of interest to the board of directors.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board of directors approves all compensation for officers and key employees.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board of directors approves all compensation for officers and key employees.”

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

“Governing documents and filings are made available on request.”

Filing and Contact Details

Filer

Filer Name
Imagination Lab School
EIN
47-2409286
Phone
6504608940
Address
4000 Middlefield Rd Suite A5, Palo Alto, CA 94303

Signing Officer

Name
Tuolin Chen
Title
Chairman
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tuolin Chen
Formed
2016
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
9
Volunteers
5

Preparer

Firm
Karen Wilhelmson
Address
5310 Gates Rd, Santa Rosa, CA 95404
Preparer
Karen Wilhelmson EA
Phone
7072910328
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IRS990/PYTotalExpensesAmt01139865
IRS990/PYTotalRevenueAmt0676426
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-452015
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0718344
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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/EquipmentGrp/BookValueAmt019221
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011214
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030435
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01527
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0541
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020748
IRS990ScheduleD/TotalLiabilityAmt01
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0210000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06103
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt019296
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Christopher Bezsylko
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Head of School
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0235399
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0918887
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1502968
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operating Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0880000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Yinuo Li
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Tuolin Chen
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Trustee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Trustee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Due to the start-up phase of our school and the high cost of operations in the Silicon Valley, Imagination School needed additional funding sources besides tuition revenue. The loan, which is provided by a Trustee of the organization, will help support our operational costs, as we ramp up new student enrollment and donation programs.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleL/TotalBalanceDueAmt01421855
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors reviews and approves Form 990 after management has reviewed and authorized the filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officers are required to voluntarily report any conflict of interest to the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors approves all compensation for officers and key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of directors approves all compensation for officers and key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and filings are made available on request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt076881
IRS990/TotalAssetsEOYAmt0378383
IRS990/TotalAssetsGrp/BOYAmt076881
IRS990/TotalAssetsGrp/EOYAmt0378383

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$378,383
Liabilities
$1,645,150
Net assets
-$1,266,767
Revenue
$718,350
Expenses
$1,170,365
Net income
-$452,015
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.65$0.17$0.47$1.83$2.04$0.21
2024Detailed filing. Detailed filing data is available for this year.$0.80$0.12$0.68$1.74$1.72$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.09$0.66$0.87$1.73$0.86
2022Detailed filing. Detailed filing data is available for this year.$2.59$1.06$1.52$3.19$1.19$2.00
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.70$0.47$2.02$1.22$0.80
2020Detailed filing. Detailed filing data is available for this year.$0.38$1.65$1.27$0.72$1.17$0.45
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$1.65$1.27$0.72$1.17$0.45
2019Summary only. Only limited summary data is available for this year.$0.08$0.89$0.81$0.68$1.14$0.46
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.46$0.35$0.34$0.51$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.30$0.18$0.31$0.53$0.22
2016Summary only. Only limited summary data is available for this year.$0.07$0.00$0.09$0.02$0.07