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Nonprofiteer
← IMAGINATION LIBRARY OF COLORADO

Form 990 for tax year 2023

Filed by IMAGINATION LIBRARY OF COLORADO.

Totals

Total revenue
$1,708,462
Total expenses
$1,679,580
Contributions and grants received
$1,415,042
Grants paid
$9,606
Program service revenue
$291,061
Investment income
$2,359
Other revenue
$0
Total assets, end of year
$338,304
Total liabilities, end of year
$213,940
Net assets or fund balances, end of year
$124,364
Program services expenses (Part IX)
$1,574,550
Management and general expenses
$88,399
Fundraising expenses
$16,631
Program service expenses (Part III)
$1,574,550

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,340,196

  • 1f · All other contributions, gifts and grants

    $74,846

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Affiliate Books Cost Share

    total $291,061 · related or exempt $291,061 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,359 · related or exempt $2,359 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,606 · program services $9,606

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $40,944 · program services $0 · management and general $38,897 · fundraising $2,047

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $96,631 · program services $65,709 · management and general $16,427 · fundraising $14,495

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $11,834 · program services $0 · management and general $11,834 · fundraising $0

  • 12 · Advertising and promotion

    total $8,746 · program services $8,315 · management and general $431 · fundraising $0

  • 13 · Office expenses

    total $4,796 · program services $1,383 · management and general $3,403 · fundraising $10

  • 14 · Information technology

    total $1,900 · program services $1,641 · management and general $259 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $12,839 · program services $0 · management and general $12,839 · fundraising $0

  • 17 · Travel

    total $2,039 · program services $878 · management and general $1,082 · fundraising $79

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $3,227 · program services $0 · management and general $3,227 · fundraising $0

  • 24a · Other expenses: Program books and shipping

    total $1,410,552 · program services $1,410,552 · management and general $0 · fundraising $0

  • 24b · Other expenses: Academic Research Consultant Literacy

    total $76,466 · program services $76,466 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,800 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $252,797

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $118,744 · end of year $85,507

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,039 · end of year $148,970

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $63,023 · end of year $64,970

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $95,482 · end of year $124,364

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

In partnership with Dolly Partons Imagination Library the Imagination Library of Colorado promotes early childhood literacy in Colorado by providing access to free high-quality age-appropriate books in the home to children ages 0-5. The organization gives all young children in Colorado the opportunity to receive books in the mail at no cost to families. Our vision is a Colorado in which all young children have books in their homes develop a love of reading and learning and begin kindergarten and elementary school prepared to succeed onward.

  • THE IMAGINATION LIBRARY OF COLORADO ILCO FOCUSES ITS EFFORTS ON THE PROMOTION OF EARLY CHILDHOOD LITERACY FOR THE GENERAL PUBLIC. ILCOS EDUCATIONAL PROGRAM OF PROVIDING BOOKS TO YOUNG CHILDREN ALL ACROSS THE STATE OF COLORADO INCREASES KINDERGARTEN READINESS AND HELPS DEVELOP THE CHARACTER AND CAPABILITY OF ENROLLED CHILDREN PRIOR TO ENTERING FORMAL SCHOOLING THROUGH EARLY EXPOSURE AND ACCESS TO HIGH QUALITY AGE-APPROPRIATE BOOKS INTENDED TO DEVELOP A FOUNDATION OF BASIC LITERACY SKILLS NEEDED FOR READING AND WRITING.

    Expenses $1,574,550 · Grants $9,606 · Revenue $293,420

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Josh Hanfling

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Josephine Metoyer

    Chair of Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Jeff Bridges

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Smallwood

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy Grolnick

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ghislaine Bruner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eve Lieberman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Melissa Osse

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jenifer Waller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Danielle Lammon

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Tate

    President and CEO

    Total calculated
    $40,944
    From this org
    $40,944
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Sara Randall

    Secretary

    Total calculated
    $13,005
    From this org
    $13,005
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $13,005
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,005

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
22 November 2024
IRS schema version
2023v5.1
Source object
202413289349300201

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