Civic Intelligence

Imagine Worldwide

990 • Fiscal year 2019 • EIN 82-0990106

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 08, 2020

1080 Edgewood AveMill Valley, CA 94941

(415) 517-5752

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

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

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

94th percentile

$303,805

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

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

Asset Growth

88th percentile

38%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

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

Assets

Up

$3,492,881

Up $960,077 (+38%) from 2018

Net Assets

Up

$3,435,514

Up $944,545 (+38%) from 2018

Liabilities

Up

$57,367

Up $15,532 (+37%) from 2018

Revenue

Down

$2,650,007

Down $993,841 (-27%) from 2018

Expenses

Up

$1,705,462

Up $411,269 (+32%) from 2018

Net Income

Down

$944,545

Down $1,405,110 (-60%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2017: $94,785Liabilities 2017: $02017Assets 2018: $2,532,804Liabilities 2018: $41,835Net Assets 2018: $2,490,9692018Assets 2019: $3,492,881Liabilities 2019: $57,367Net Assets 2019: $3,435,5142019Assets 2020: $4,254,070Liabilities 2020: $623,226Net Assets 2020: $3,630,8442020Assets 2021: $4,339,932Liabilities 2021: $91,681Net Assets 2021: $4,248,2512021Assets 2022: $9,416,175Liabilities 2022: $326,905Net Assets 2022: $9,089,2702022Assets 2023: $15,189,508Liabilities 2023: $2,043,126Net Assets 2023: $13,146,3822023Assets 2024: $31,677,444Liabilities 2024: $1,796,502Net Assets 2024: $29,880,9422024

Highlighted filing

2019

Assets$3,492,881
Liabilities$57,367
Net Assets$3,435,514

Operations Trend

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

$60M$40M$20M$0Revenue 2017: $94,815Expenses 2017: $30Net Income 2017: $94,7852017Revenue 2018: $3,643,848Expenses 2018: $1,294,193Net Income 2018: $2,349,6552018Revenue 2019: $2,650,007Expenses 2019: $1,705,462Net Income 2019: $944,5452019Revenue 2020: $2,365,076Expenses 2020: $2,169,746Net Income 2020: $195,3302020Revenue 2021: $3,145,641Expenses 2021: $2,528,234Net Income 2021: $617,4072021Revenue 2022: $9,457,051Expenses 2022: $4,616,032Net Income 2022: $4,841,0192022Revenue 2023: $25,746,629Expenses 2023: $21,689,517Net Income 2023: $4,057,1122023Revenue 2024: $41,457,525Expenses 2024: $24,722,965Net Income 2024: $16,734,5602024

Highlighted filing

2019

Revenue$2,650,007
Expenses$1,705,462
Net Income$944,545
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 8, 2020
Return Version
2019v5.0
Gross Receipts
$2,650,007
Mission and Program Overview

Mission

Imagine Worldwide will empower every child, everywhere to build the literacy and numeracy skills they need to achieve their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,176,560$2,405,000▲ $1,228,440
Cash and Non-Interest-Bearing Accounts$1,092,774$1,034,320▼ $58,454
Savings and Temporary Cash Investments$250,000$0▼ $250,000
Land, Buildings, and Equipment, Net$9,835$45,011▲ $35,176
Prepaid Expenses and Deferred Charges$3,635$8,550▲ $4,915
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$2,532,804$3,492,881▲ $960,077
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$41,835$57,367▲ $15,532
Total Liabilities$41,835$57,367▲ $15,532
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,176,560$2,405,000▲ $1,228,440
Net Assets Without Donor Restrictions$1,314,409$1,030,514▼ $283,895
Total Net Assets Fund Balance$2,490,969$3,435,514▲ $944,545
Total Liabilities and Net Assets / Fund Balance$2,532,804$3,492,881▲ $960,077

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,011$8,916$53,927
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan ColbyCEOFT$301,800$2,005$303,805
Jennifer WelshSecretaryFT$181,800$9,608$191,408
Karen LevesqueSenior DirectorFT$178,467$508$178,975
Sarah BardackResearch AnalystFT$101,800$2,997$104,797

Board Members and Trustees

NameTitle
Joe WolfPresident
Aishetu DozieDirector
Amy KlementDirector
Chinezi ChijiokeDirector
Rapelang RabanaDirector
Rebecca WinthropDirector
Michael HornTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Chancellor CollegeEducationPO Box 280, Zomba Zomba, Mi$152,498
Revenue and Support

Revenue Composition

Contributions and Grants
$2,635,155
Program Service Revenue
$0
Investment Income
$13,132
Other Revenue
$1,720
All Other Contributions
$2,635,155
Change in Net Assets
$944,545

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,650,007
Total Revenue per Audited Statements
$2,650,007
Total Revenue per Form 990
$2,650,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$934,183
Other Expenses$639,281
Total Fundraising Expense$146,609
Grants and Similar Amounts Paid$131,998
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$335,409$49,522$110,282$495,213
Fees for Services Other$394,973$1,779$2,166$398,918
Other Salaries and Wages$350,358$10,741$14,507$375,606
Foreign Grants$131,998--$131,998
Travel$95,625$2,233$4,214$102,072
Occupancy$45,874$3,874$4,717$54,465
Payroll Taxes$39,665$3,630$7,328$50,623
Fees for Services Accounting-$33,103-$33,103
Office Expenses$3,176$10,262$597$14,035
Other Employee Benefits$11,268$551$922$12,741
Information Technology$11,736$465$539$12,740
Depreciation Depletion$6,589$556$677$7,822
Conferences and Meetings$5,989$140$275$6,404
Insurance$2,133$681$219$3,033
Fees for Services Legal$879$1,626$90$2,595
Other Expenses$743$1,257$76$2,076
Advertising$2,018--$2,018
Total Functional Expenses$1,438,433$120,420$146,609$1,705,462

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,705,462
Total Expenses per Audited Statements$1,705,462
Total Expenses per Form 990$1,705,462
International Activity

International Summary

Offices
1
Employees
1
Spending
$380,896

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram service & grantmakingEducation11$380,896
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 990 will be provided to the full board of directors for review at a board meeting prior to filing deadline

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

An interested person must disclose any actual or possible conflict of interest to the board or any members of committees with governing delegated powers. The board or committee determines whether a conflict of interest exists and votes upon whether or not it is appropriate or in the best interest of the organization to allow the transaction or arrangement.

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

The board or compensation committee obtain and rely upon approriate data as to comparability prior to approving the terms of compensation

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

Upon request

Filing and Contact Details

Filer

Filer Name
Imagine Worldwide
EIN
82-0990106
Phone
4155175752
Address
1080 Edgewood Ave, Mill Valley, CA 94941

Signing Officer

Name
Susan Colby
Title
CEO & Co-founder
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Colby
Formed
2017
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
7
Volunteers
7

Preparer

Firm
Crosby & Kaneda CPAs LLP
Address
1970 Broadway STE 930, Oakland, CA 94612
Preparer
August Zajonc CPA
Phone
5108352727
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of December 31, 2019 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.

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IRS990/InformationTechnologyGrp/ProgramServicesAmt011736
IRS990/InformationTechnologyGrp/TotalAmt012740
IRS990/InsuranceGrp/FundraisingAmt0219
IRS990/InsuranceGrp/ManagementAndGeneralAmt0681
IRS990/InsuranceGrp/ProgramServicesAmt02133
IRS990/InsuranceGrp/TotalAmt03033
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Imagine Worldwide will empower every child, everywhere to build the literacy and numeracy skills they need to achieve their full potential.
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IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt02490969
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IRS990/OccupancyGrp/ManagementAndGeneralAmt03874
IRS990/OccupancyGrp/ProgramServicesAmt045874
IRS990/OccupancyGrp/TotalAmt054465
IRS990/OfficeExpensesGrp/FundraisingAmt0597
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010262
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0922
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IRS990/OtherExpensesGrp/Desc0Other expenses
IRS990/OtherExpensesGrp/FundraisingAmt076
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IRS990/OtherExpensesGrp/ProgramServicesAmt0743
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueTotalAmt01720
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014507
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010741
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0350358
IRS990/OtherSalariesAndWagesGrp/TotalAmt0375606
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08550
IRS990/PrincipalOfficerNm0Susan Colby
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IRS990/PYContributionsGrantsAmt03643000
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06372970
IRS990ScheduleA/TotalSupportAmt06388670
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt045011
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08916
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053927
IRS990ScheduleD/ExpensesSubtotalAmt01705462
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt02650007
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of December 31, 2019 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045011
IRS990ScheduleD/TotalExpensesPerForm990Amt01705462
IRS990ScheduleD/TotalRevenuePerForm990Amt02650007
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02650007
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01705462
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0380896
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Education
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program service & grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0131998

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