The Imagine Institute

“The Form 990 was prepared under the guidance of the organization's third party administrator by the independent accounting firm SCHOEDEL & SCHOEDEL, Certified Public Accountants, PLLC. Draft copies of the organization's financial statements and Form 990 were first provided to the organization's third party administrator and Executive Director who reviewed the Form 990 for accuracy and completeness. Any questions, concerns, or issues raised by the third party administrator and Executive Director were addressed, and any necessary revisions were made to the Form 990. The revised Form 990 was then provided to the Board of Directors for its review and approval. Any additional questions, concerns, or issues raised by the Board of Directors were addressed, and any necessary revisions were made to the Form 990. The final version of the Form 990 was reviewed, approved, and filed by the Board of Directors.”

“All The Imagine Institute officers, Directors, members of committees of the Board of Directors, and staff employees authorized to act on behalf of the Board of Directors are considered to be fiduciaries of this organization. A fiduciary of this organization has an ongoing duty to disclose all material facts of every actual or potential conflict of interest existing when he or she is offered or elected to become a fiduciary, occurring after the acceptance of a position as a fiduciary, and annually through a conflict of interest questionnaire. Based on all material facts, the Board of Directors determines if a conflict of interest exists and what, if any, actions are required to eliminate or mitigate the conflict of interest. The Directors will evaluate the disclosures to determine whether each involves an actual conflict of interest and may attempt to develop alternatives to remove a conflict from the situation. A fiduciary who has an actual or potential conflict of interest is not present for or leaves any portion of a meeting at which the Directors are voting to determine whether a conflict exists, but may be present prior to the vote or discussion of the vote to make a presentation to the Directors, disclose additional facts, or respond to questions. The Imagine Institute may enter into a transaction or arrangement in which a fiduciary has a conflict of interest only if the fiduciary has disclosed such conflict of interest in accordance with the The Imagine Institute 's policy and either: the Directors approve the transaction or arrangement at a meeting at which the fiduciary who has a conflict is not present and does not participate (other than to answer questions raised by the unaffected Directors), after determining, in good faith and after reasonable investigation, that the transaction or arrangement is fair and reasonable to The Imagine Institute and is in the best interest of The Imagine Institute, or the transaction or arrangement is in fact fair to The Imagine Institute, furthers The Imagine Institute 's purposes, and does not result in a violation of the Internal Revenue Code. Consideration of actual or potential conflicts of interest are documented in minutes of the meeting of the Board of Director (or a committee thereof) by containing: 1) the names of the persons who disclosed an actual or potential conflict of interest or otherwise were found to have a conflict of interest; 2) the nature of the conflict of interest; 3) any action taken to determine whether a conflict of interest was present; 4) the Directors' decision as to whether a conflict of interest in fact existed; 5) the names of the persons who were present for discussions and votes relating to the transaction or arrangement; 6) the content of the discussion, including any alternatives considered to the proposed transaction or arrangement; and 7) a record of any votes taken in connection with the issue.”

“Executive Director and employee compensation is determined and approved by the Board of Directors using comparable data from within the local area and surrounding jurisdictions.”

“The organization's governing documents, conflict of interest policy, financial statements and Form 990 are available to the general public upon written request to the organization at: 1914 N 34th Street, Ste 409, Seattle, WA 98103.”

“The Imagine Institute does not compensate any of the members of the Board of Directors. The board is comprised of six individuals. In their roles as Directors, all six are fiduciaries and understand their obligations under the organization's by-laws, policies and procedures, which include a conflict of interest policy. The Directors serve on a voluntary basis, and receive no known compensation from their employers, or any other party, for their services on this Board. The Imagine Institute does not readily have access to information related to the compensation paid by other entities to the Directors.”

“Consultant: Program service expenses 9,430. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,430. Program participants: Program service expenses 171,989. Management and general expenses 0. Fundraising expenses 0. Total expenses 171,989.”