Civic Intelligence

Imagination Lab School

990 • Fiscal year 2024 • EIN 47-2409286

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 07, 2024

Organization Profilewww.imagination-school.org

View Organization Page

4050 Middlefield RdPalo Alto, CA 94303

(650) 460-8940

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.15x

Higher debt load relative to assets than 63% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.07x

Higher debt load relative to revenue than 48% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

42nd percentile

1.0%

Higher net margin than 42% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$266,064

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

55th percentile

5.9%

Faster asset growth than 55% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

99%

Faster revenue growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$799,718

Up $44,558 (+5.9%) from 2023

Net Assets

Up

$682,370

Up $17,867 (+2.7%) from 2023

Liabilities

Up

$117,348

Up $26,691 (+29%) from 2023

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin42nd percentile

Revenue

Up

$1,742,543

Up $868,580 (+99%) from 2023

Expenses

Down

$1,724,674

Down $9,280 (-0.5%) from 2023

Net Income

Up

$17,869

Up $877,860 (+102%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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 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

2024

Assets$799,718
Liabilities$117,348
Net Assets$682,370
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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 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

2024

Revenue$1,742,543
Expenses$1,724,674
Net Income$17,869
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 7, 2024
Return Version
2023v5.1
Gross Receipts
$1,742,543
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$497,300$410,910▼ $86,390
Savings and Temporary Cash Investments$198,910$338,840▲ $139,930
Prepaid Expenses and Deferred Charges$33,545$35,691▲ $2,146
Land, Buildings, and Equipment, Net$25,405$12,270▼ $13,135
Cash and Non-Interest-Bearing Accounts-$2,007-
Total Assets$755,160$799,718▲ $44,558
Liabilities
Deferred Revenue$74,600$97,200▲ $22,600
Accounts Payable and Accrued Expenses$10,061$16,817▲ $6,756
Mortgage Notes Payable Secured by Investment Property$5,996$3,331▼ $2,665
Total Liabilities$90,657$117,348▲ $26,691
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$664,503$682,370▲ $17,867
Total Net Assets Fund Balance$664,503$682,370▲ $17,867
Total Liabilities and Net Assets / Fund Balance$755,160$799,718▲ $44,558

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,270$63,406$75,676
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Christopher BezsylkoHead of SchoolFT$245,783$20,281$266,064

Board Members and Trustees

NameTitle
Maria VelezBoard Chair
Tamar PosnerTrustee
Tuolin ChenTrustee
Steve CollinsSecretary
Raz LevTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$745,866
Program Service Revenue
$957,153
Investment Income
$0
Other Revenue
$39,524
All Other Contributions
$745,866
Change in Net Assets
$17,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$878,050
Other Expenses$644,399
Grants and Similar Amounts Paid$202,225
Total Fundraising Expense$27,306
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$469,031--$469,031
Occupancy$386,734--$386,734
Current Officers, Directors, Trustees, and Key Employees$172,798$66,461$26,584$265,843
Grants to Domestic Individuals$202,225--$202,225
Other Employee Benefits$95,421--$95,421
Fees for Services Other$57,073$24,000-$81,073
Advertising-$54,643-$54,643
Payroll Taxes$34,327$13,428-$47,755
Other Expenses$40,820--$40,820
Office Expenses$10,343$12,550$722$23,615
Fees for Services Accounting-$18,534-$18,534
Information Technology$16,203--$16,203
Depreciation Depletion$13,135--$13,135
Insurance$8,176$1,405-$9,581
Travel$61--$61
Total Functional Expenses$1,506,347$191,021$27,306$1,724,674
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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 governing body review Part VI line 11

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

Conflict of interest policy compliance Part VI line 12C

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

CEO executive director top management comp Part VI line 15A

“Data is gathered from area schools using form 990. All data is reviewed and the head of schools salary is set by the board of trustees.”

Other officer or key employee compensation Part VI line 15B

“The head of school sets all school staff salaries using comparative market data from area schools. The head makes a recommendation to the board of trustees for approval of the school budget, which includes all employee costs.”

Governing documents etc available to public Part VI line 19

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

Filing and Contact Details

Filer

Filer Name
Imagination Lab School
EIN
47-2409286
Address
4050 Middlefield Rd, Palo Alto, CA 94303

Signing Officer

Name
Maria Velez
Title
Board Chair
Phone
6504608940
Signed
2024-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Christopher Bezsylko
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
5

Preparer

Firm
Richard Pon CPA
Address
PO BOX 191254, San Francisco, CA 94119
Preparer
Richard Pon
Phone
4159714610
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“rounding”

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

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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/ExplanationTxt0Pursuant to Revenue Procedure 2019-22, the school displays a notice of its racial nondiscrimination policy on its primary publicly accessible internet homepage.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of nondiscriminatory policy (Question 3)
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0financial aid
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0202225
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0tuition discount
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0fair market value
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The school maintains procedures to monitor its financial aid grants. Evidence of financial need is required for tuition assistance discounts.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0245783
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08043
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012238
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Christopher Bezsylko
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Head of School
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0266064
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews and approves Form 990 after management has reviewed and authorized the filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officers and board members are required to voluntarily report any conflict of interest to the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Data is gathered from area schools using form 990. All data is reviewed and the head of schools salary is set by the board of trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The head of school sets all school staff salaries using comparative market data from area schools. The head makes a recommendation to the board of trustees for approval of the school budget, which includes all employee costs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and filings are made available on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5rounding
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0755160
IRS990/TotalAssetsEOYAmt0799718
IRS990/TotalAssetsGrp/BOYAmt0755160
IRS990/TotalAssetsGrp/EOYAmt0799718
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0745866
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt027306
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0191021
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01506347
IRS990/TotalFunctionalExpensesGrp/TotalAmt01724674
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt090657
IRS990/TotalLiabilitiesEOYAmt0117348
IRS990/TotalLiabilitiesGrp/BOYAmt090657
IRS990/TotalLiabilitiesGrp/EOYAmt0117348
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0664503
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0682370
IRS990/TotalOtherCompensationAmt020281
IRS990/TotalProgramServiceExpensesAmt01506347
IRS990/TotalProgramServiceRevenueAmt0957153
IRS990/TotalReportableCompFromOrgAmt0245783
IRS990/TotalRevenueGrp/ExclusionAmt039524
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0957153
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01742543
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0755160
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0799718
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt061
IRS990/TravelGrp/TotalAmt061
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.imagination-school.org
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Maria Velez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum06504608940
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Imagination Lab School
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0472409286
ReturnHeader/Filer/USAddress/AddressLine1Txt04050 Middlefield Rd
ReturnHeader/Filer/USAddress/CityNm0Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094303
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273765031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richard Pon CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 191254
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Francisco
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094119

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$799,718
Liabilities
$117,348
Net assets
$682,370
Revenue
$1,742,543
Expenses
$1,724,674
Net income
$17,869
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
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