IMAGINE SCHOLAR INC

EIN: 273014517 501(c)(3) Education

REDMOND, WA

Total Revenue
$482,994
Total Expenses
$415,507
Total Assets
$436,840
Net Assets
$436,840
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
WA
Principal Officer
Cortney Johnson
Phone
2066694969
Tax Period
2024-01-01 to 2024-12-31

IMAGINE SCHOLAR INC, founded in 2010, is a small nonprofit in the Education sector that reported $483K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $416K left a modest 14% surplus.

Mission

Imagine Scholar works with various organizations across the world to match merit worthy students with promising mentorship and scholarship enhancing opportunities. Imagine Scholar is a youth development program on the African continent focusing on rural education and revitalizing community through educating youth leaders. Tapping in to local talent, the goal is to build a community network to encourage and financially support future youth.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $475,373
Program Service Revenue $0
Investment Income $7,621
Other Revenue $0
TOTAL REVENUE $482,994

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $201,660
Fundraising Expenses $0
Program Expenses $391,661
Other Expenses $63,847
TOTAL EXPENSES $415,507

Year-over-Year Comparison

2024 2023 Change
Revenue $482,994 $523,725 -0.1%
Expenses $415,507 $427,013 0.0%
Net Income $67,487 $96,712 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$97,402
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cortney Johnson Executive Dir. 40.00
Officer
$92,602 $4,800 $97,402
Timothy O'Neill President 1.00
Officer Director
$0 $0 $0
Parker Montgomery Treasurer 1.00
Officer Director
$0 $0 $0
Jamie Montgomery Treasurer 1.00
Officer Director
$0 $0 $0
Caitlin Nunan Director 1.00
Director
$0 $0 $0
Jack Judson Director 1.00
Director
$0 $0 $0
Kevin Hinton Director 1.00
Director
$0 $0 $0
Paresh Soni Director 1.00
Director
$0 $0 $0
Adam Tremblay Director 1.00
Director
$0 $0 $0
Megan O'Neill Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $482,994 $415,507 $436,840 $67,487
2023 $523,725 $427,013 $369,353 $96,712
2022 $590,737 $676,659 $272,641 $-85,922
2021 $396,400 $364,786 $358,563 $31,614
2020 $286,049 $212,103 $326,949 $73,946
2019 $446,270 $306,963 $253,003 $139,307
2018 $251,196 $246,463 $113,696 $4,733
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