Imagineif Library Foundation
- Assets
- $1.7m
- Revenue
- $345.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Kalispell, MT
- Founding
- 04/1991
- Data as of
- 06/2021
- EIN
- 81-0460195
Organization Overview
Imagineif Library Foundation is located in Kalispell, MT. The organization was established in 1991. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2021, Imagineif Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagineif Library Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Imagineif Library Foundation generated $345.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $203.1k during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IMAGINEIF LIBRARY FOUNDATION'S MISSION IS TO RAISE PRIVATE DOLLARS TO ENHANCE THE PATRON SERVICES OF IMAGINEIF LIBRARIES. THE LIBRARY FOUNDATION WORKS CLOSELY WITH THE LIBRARY BOARD AND THE LIBRARY DIRECTOR TO FUND FACILITY UPGRADES, PROGRAMMING AND MATERIALS NOT INCLUDED IN THE COUNTY LIBRARY BUDGET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR PROGRAM EXPENSES, WHICH SUPPORTS A VARIETY OF INITIATIVES AIMED AT IMPROVING EDUCATION, FOSTERING ECONOMIC DEVELOPMENT, AND INCREASING THE CONNECTEDNESS OF OUR COMMUNITY. FOUNDATION DOLLARS ARE USED TO PAY FOR SUMMER EXPERIENCE, A FREE, STEAM-FOCUSED SUMMER CAMP FOR KIDS AGES 0-18, EARLY LITERACY KITS FOR 500 FAMILIES ANNUALLY, ADULT AND TEEN INTERACTIVE PROGRAMS, TECHNOLOGY UPGRADES AND EXPANSION, STAFF TRAINING, VISITING PERFORMERS AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Housel Executive Di | 40 | $50,273 | |
Susie Burch Secretary | OfficerTrustee | 3 | $0 |
Lori Hines Treasurer | OfficerTrustee | 3 | $0 |
Beth Steele President | OfficerTrustee | 3 | $0 |
Roy Beekman Director | Trustee | 1 | $0 |
Mb Bertram Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,845 |
| Related organizations | $0 |
| Government grants | $24,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,694 |
| Total Program Service Revenue | $0 |
| Investment income | $26,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,822 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,273 |
| Compensation of current officers, directors, key employees. | $50,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $286 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,742 |
| Information technology | $1,077 |
| Royalties | $0 |
| Occupancy | $7,264 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $739 |
| Interest | $2,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,199 |
| Insurance | $4,646 |
| All other expenses | $65 |
| Total functional expenses | $203,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,659 |
| Savings and temporary cash investments | $333,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $457,436 |
| Investments—publicly traded securities | $815,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,654,917 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,380 |
| Total liabilities | $1,380 |
| Net assets without donor restrictions | $1,622,874 |
| Net assets with donor restrictions | $30,663 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,654,917 |
Grants Awarded
Over the last fiscal year, Imagineif Library Foundation has awarded $81,131 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IMAGINE IF LIBRARY SYSTEM PURPOSE: EARLY LITERACY CLASS | $55,732 |
IMAGINE IF LIBRARY SYSTEM PURPOSE: PURCHASE OF VAN | $25,399 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Imagineif Library Foundation has recieved totaling $62,386.
| Awarding Organization | Amount |
|---|---|
Whitefish Community Foundation Inc Whitefish, MT PURPOSE: GENERAL SUPPORT | $43,151 |
Bigfork Development Company Bigfork, MT PURPOSE: PROVIDE FUNDS TO RENOVATE THE LIBRARY'S BUILDNG IN BIGFORK, MT | $10,000 |
Crown Of The Continent Institute Whitefish, MT PURPOSE: RENOVATIONS TO IMAGINEIF LIBRARIES' BIGFORK BRANCH | $5,000 |
Woodhouse Family Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $2,000 |
Gary W Dietrich Family Foundation Wilmington, DE PURPOSE: BUILDING FUND FOR THE NEW BIGFORK LIBRARY IN MONTANA | $1,000 |
Town Pump Charitable Foundation Butte, MT PURPOSE: KEEP KIDS READING | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missoula Public Library Foundation Inc Missoula, MT | $1,035,765 | $374,779 |
Teton County Library Foundation Inc Jackson, WY | $9,237,372 | $966,896 |
Friends Of The Philipsburg Library Philipsburg, MT | $41,702 | $422,915 |
Clearwater Memorial Public Library Orofino, ID | $684,794 | $257,673 |
Meridian Library District Foundation Inc Meridian, ID | $184,757 | $0 |
Action Resource Center Stanley, ND | $94,885 | $266,773 |
Imagineif Library Foundation Kalispell, MT | $1,654,917 | $345,596 |
Mccall Public Library Foundation Inc Mccall, ID | $1,214,982 | $669,583 |
Fallon County Library Inc Baker, MT | $0 | $215,838 |
North Lake County Library Foundation Inc Polson, MT | $1,558,940 | $788,740 |
Salmon Library Association Salmon, ID | $2,680,119 | $65,370 |
Health Connect Of South Dakota Inc Sioux Falls, SD | $43,760 | $0 |