Imagine Worldwide
- Assets
- $9.4m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Mill Valley, CA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-0990106
Organization Overview
Imagine Worldwide is located in Mill Valley, CA. The organization was established in 2017. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Imagine Worldwide employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Worldwide 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 12/2022, Imagine Worldwide generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 29.0% per year over the past 5 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
IMAGINE WORLDWIDE WILL EMPOWER EVERY CHILD, EVERYWHERE TO BUILD THE LITERACY AND NUMERACY SKILLS THEY NEED TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMAGINE WORLDWIDE PROVIDES AN INNOVATIVE EDUCATION TECHNOLOGY SOLUTION TO THE GLOBAL LITERACY/NUMERACY LEARNING CRISIS. THEIR MODEL IS MASSIVELY SCALABLE, EVIDENCE-BASED, AND CAN DELIVER FOUNDATIONAL LEARNING TO MILLIONS OF THE MOST MARGINALIZED CHILDREN. IMAGINE LAUNCHED ITS FIRST PILOT IN 2018 AND NOW THEY ARE OPERATING IN 7 COUNTRIES ACROSS SUB-SAHARAN AFRICA. THIS INCLUDES MALAWI WHERE IMAGINE IS PARTNERING WITH THE GOVERNMENT TO EXPAND THE TABLET-BASED MODEL TO EVERY PRIMARY SCHOOL IN THE COUNTRY, SERVING 3.5MM LEARNERS OVER THE NEXT 6 YEARS. THERE IS ALSO ENORMOUS DEMAND TO REPLICATE THIS MODEL ELSEWHERE IN SUB-SAHARAN AFRICA AND IMAGINE IS EXPANDING TO SCALE SIMILARLY IN SEVERAL ADDITIONAL COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Wolf CEO | OfficerTrustee | 40 | $253,600 |
Jennifer Welsh Takata Sec/treas/staff | Officer | 40 | $203,600 |
Karen Levesque Head Of Research | 40 | $203,600 | |
Nafisul Islam Dir Of Development | 40 | $149,817 | |
Sarah Bardack Senior Researcher | 40 | $123,600 | |
Kristen Stipe Director Of Admin | 40 | $113,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Africa Hr Africa Staff/consultants | 12/30/22 | $234,543 |
Chancellor College Consulting | 12/30/22 | $273,417 |
Financial Statements
| 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 | $9,441,429 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,441,429 |
| Total Program Service Revenue | $0 |
| Investment income | $15,622 |
| 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 | $9,457,051 |
| 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 | $1,396,900 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,288 |
| Compensation of current officers, directors, key employees. | $50,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $977,951 |
| Pension plan accruals and contributions | $14,923 |
| Other employee benefits | $101,165 |
| Payroll taxes | $80,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,709 |
| Fees for services: Accounting | $36,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,240,220 |
| Advertising and promotion | $243 |
| Office expenses | $60,620 |
| Information technology | $34,855 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $146,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,300 |
| Insurance | $4,712 |
| All other expenses | $0 |
| Total functional expenses | $4,616,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,581,104 |
| Savings and temporary cash investments | $2,010,000 |
| Pledges and grants receivable | $1,812,500 |
| Accounts receivable, net | $0 |
| 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 | $10,658 |
| Net Land, buildings, and equipment | $1,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,416,175 |
| Accounts payable and accrued expenses | $326,905 |
| 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 | $326,905 |
| Net assets without donor restrictions | $4,685,800 |
| Net assets with donor restrictions | $4,403,470 |
| 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 | $9,416,175 |