Imagine Institute is located in Tukwila, WA. The organization was established in 2016. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Imagine Institute employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Institute 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 06/2022, Imagine Institute generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.3% each year . All expenses for the organization totaled $8.9m during the year ending 06/2022. While expenses have increased by 47.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE COMMUNITY RELATIONSHIPS AND INNOVATIVE EARLY LEARNING PROGRAMS THAT EMPOWER PEOPLE, CARING EVERY DAY FOR EVERY GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CCSG:AS A RESULT OF THE PASSAGE OF THE AMERICAN RESCUE PLAN ACT, WASHINGTON STATE PROVIDED CHILDCARE STABILIZATION GRANTS TO ELIGIBLE PROVIDERS. THE DEPARTMENT OF CHILDREN, YOUTH, AND FAMILIES (DCYF) CONTRACTED WITH THE IMAGINE INSTITUTE TO PROVIDE TECHNICAL ASSISTANCE (TA) AND OUTREACH TO ALL ELIGIBLE CHILDCARE PROVIDERS TO ENSURE EQUITABLE ACCESS TO GRANT FUNDING. DCYF SUBSEQUENTLY EXPANDED IMAGINE'S SERVICES TO INCLUDE SUPPORT FOR THE COMPLEX NEEDS FUND AND THE EARLY CHILDHOOD EQUITY GRANT.
ALL OTHER PROGRAMS.
TRAINING AND INCENTIVES:THE IMAGINE INSTITUTE PROVIDES FREE TRAINING TO LICENSED FAMILY CHILDCARE PROVIDERS AND FAMILY, FRIEND AND NEIGHBOR PROVIDERS WHO SERVE LOW-INCOME CHILDREN THROUGHOUT WASHINGTON STATE. OUR TRAINING IS DEVELOPED IN CONJUNCTION WITH EARLY CHILDHOOD EDUCATORS TO ENSURE IT IS MEANINGFUL AND RESPONSIVE TO THE FIELD. THE IMAGINE INSTITUTE CREATED AN INNOVATIVE PROGRAM TO DEVELOP LICENSED FAMILY CHILDCARE PROVIDERS AS STATE-APPROVED TRAINERS REPRESENTING SOME OF THE FIRST LICENSED FAMILY CHILDCARE PROVIDERS DELIVERING STARS TRAINING (CONTINUING EDUCATION) TO THEIR PEERS IN THIS STATE. OUR TRAINERS REPRESENT THEIR COMMUNITIES SPEAKING ENGLISH, SPANISH, ARABIC AND SOMALI. IMPORTANTLY, THESE TRAINERS HAVE A DEEP UNDERSTANDING OF LIFE AS A CHILDCARE PROVIDER, WHICH ALLOWS THEM TO EFFECTIVELY EDUCATE AND MENTOR THEIR PEERS. A MAJORITY OF OUR ACTIVE TRAINERS ARE WOMEN OF COLOR, SPEAK A LANGUAGE OTHER THAN ENGLISH, AND APPROXIMATELY 60% OF OUR ACTIVE TRAINERS IN CENTRAL AND EASTERN WASHINGTON ARE MONOLINGUAL SPANISH-SPEAKERS.
WASHINGTON STATE EARLY CARE AND EDUCATION SUBSTITUTE POOLSINCE ITS INCEPTION, THE WA STATE ECE SUBSTITUTE POOL HAS DISTRIBUTED MILLIONS OF DOLLARS IN SUBSTITUTE RELIEF FUNDING TO HUNDREDS OF LICENSED FAMILY CHILDCARE AND CHILDCARE CENTERS THROUGHOUT WASHINGTON STATE. AS PART OF ADMINISTERING THE SUBSTITUTE POOL, THE IMAGINE INSTITUTE PROVIDES TRAINING AND ORIENTATION TO COMMUNITY MEMBERS SO THAT THEY CAN BECOME APPROVED TO WORK AS A SUBSTITUTE, INCREASING THE NUMBER OF ECE WORKERS IN WASHINGTON STATE. THE IMAGINE INSTITUTE ALSO PROVIDES TECHNICAL ASSISTANCE TO BOTH SUBSTITUTES AND PROVIDERS TO ASSIST THEM IN EFFECTIVELY PARTICIPATING IN THE PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen Hart Board Member/president | OfficerTrustee | 1 | $0 |
Glenn Davis Board Member/treasurer | OfficerTrustee | 1 | $0 |
Gary Burris Board Member/secretary | OfficerTrustee | 1 | $0 |
Fartun Bakari Board Member | Trustee | 1 | $0 |
Kathy Yasi Board Member | Trustee | 1 | $0 |
Cate Bridenstine Executive Director | Officer | 40 | $135,380 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Accounting Solution Partners Accounting | 6/29/21 | $104,579 |
Jennifer Ramirez Marketing, Communications & Development | 6/29/21 | $148,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $10,300,475 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,300,475 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,000,995 |
Pension plan accruals and contributions | $237,760 |
Other employee benefits | $268,770 |
Payroll taxes | $160,347 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $67,045 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,296,762 |
Advertising and promotion | $9,848 |
Office expenses | $65,788 |
Information technology | $111,525 |
Royalties | $0 |
Occupancy | $126,642 |
Travel | $33,037 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $21,389 |
Insurance | $8,077 |
All other expenses | $911 |
Total functional expenses | $8,860,604 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,988,066 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,389,395 |
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 | $17,668 |
Net Land, buildings, and equipment | $153,752 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $11,193 |
Total assets | $6,560,074 |
Accounts payable and accrued expenses | $2,398,903 |
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 | $0 |
Total liabilities | $2,398,903 |
Net assets without donor restrictions | $4,161,171 |
Net assets with donor restrictions | $0 |
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 | $6,560,074 |