The Imagine Institute

EIN: 812316926 501(c)(3) Human Services

Tukwila, WA

Total Revenue
$10,048,611
Total Expenses
$8,898,032
Total Assets
$10,117,650
Net Assets
$7,785,220
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
WA
Principal Officer
Caitlyn Bridenstine
Phone
2064925249
Tax Period
2023-07-01 to 2024-06-30

The Imagine Institute, founded in 2016, is a mid-sized nonprofit in the Human Services sector that reported $10.0M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $8.9M left a modest 11% surplus.

Mission

Our mission is to create community relationships and innovative early learning programs that empower people, caring every day for every generation. Our vision is to support affordable, high-quality care for every child in Washington State by building an accessible and strong professional development system that elevates and improves the lives of child care providers and professionals.

Program Service Accomplishments

Program 1
Expenses: $1,984,594 Revenue: $1,987,419

IMAGINE U:Imagine U is a relationship-based mentorship program designed to increase the number of licensed family child care providers who can care for children in Washington State. Imagine U pairs...

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IMAGINE U:Imagine U is a relationship-based mentorship program designed to increase the number of licensed family child care providers who can care for children in Washington State. Imagine U pairs experienced and talented licensed child care providers with those interested in becoming licensed, and offers both the mentor and intern support to help them grow professionally. As interns progress through the program, they complete assignments such as cost benefit analyses, budgets, program policies and practice licensing visits while also working 20 hours per month in their mentor's child care facilities. At the conclusion of the program, successful participants receive a bonus to invest in their child care businesses. Imagine U's peer-to-peer model honors the knowledge and skill that exists in the field and helps ensure that new providers can benefit from their mentor's expertise.

Program 2
Expenses: $1,503,732 Revenue: $1,696,097

TAO :As a result of the passage of the American Rescue Plan Act, Washington State provided child care stabilization grants to eligible providers. The Department of Children, Youth, and Families...

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TAO :As a result of the passage of the American Rescue Plan Act, Washington State provided child care 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 child care 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. This department is dedicated to supporting the Child Care workers of Washington State by providing various technical assistants.

Program 3
Expenses: $1,578,585 Revenue: $1,608,272

WASHINGTON STATE EARLY CARE AND EDUCATION SUBSTITUTE POOL:Since its inception, the WA State ECE Substitute Pool has distributed millions of dollars in substitute relief funding to hundreds of...

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WASHINGTON STATE EARLY CARE AND EDUCATION SUBSTITUTE POOL:Since 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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,048,611
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,048,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,746,830
Fundraising Expenses $0
Program Expenses $7,744,528
Other Expenses $5,151,202
TOTAL EXPENSES $8,898,032

Year-over-Year Comparison

2023 2022 Change
Revenue $10,048,611 $13,520,050 -0.3%
Expenses $8,898,032 $11,058,306 -0.2%
Net Income $1,150,579 $2,461,744 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
52
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
$215,177
Total Directors
6
$215,177
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Hart Board Member/President 1.00
Officer Director
$0 $0 $0
Glenn Scott Board Member/Treasurer 1.00
Officer Director
$0 $0 $0
Gary Burris Board Member/Secretary 1.00
Officer Director
$0 $0 $0
Fartun Bakari Board Member 1.00
Director
$0 $0 $0
Kathy Yasi Board Member 1.00
Director
$0 $0 $0
Cate Bridenstine Chief Executive Officer 40.00
Officer Director
$177,793 $37,384 $215,177
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 $10,048,611 $8,898,032 $10,117,650 $1,150,579
2023 $13,520,050 $11,058,306 $9,664,263 $2,461,744
2022 $10,300,475 $8,860,604 $6,560,074 $1,439,871
2021 $6,912,987 $6,290,151 $3,962,432 $622,836
2020 $6,731,841 $5,676,507 $3,784,310 $1,055,334
2019 $3,559,086 $3,073,174 $1,988,542 $485,912
2018 $2,888,328 $2,437,431 $1,637,837 $450,897
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