IMAGINE IDAHO FOUNDATION

EIN: 852713318 501(c)(3) Public & Societal Benefit

KETCHUM, ID

Total Revenue
$485,246
Total Expenses
$388,455
Total Assets
$332,953
Net Assets
$324,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
ID
Principal Officer
SEAN COLETTI
Phone
2025389031
Tax Period
2024-01-01 to 2024-12-31

IMAGINE IDAHO FOUNDATION, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $485K in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 20% operating margin.

Mission

THE MISSION OF IMAGINE IDAHO IS TO EDUCATE, COALESCE & LEVERAGE COMMUNITY LEADERSHIP THROUGHOUT THE STATE TO DEPLOY FEDERAL AND STATE FUNDING FOR BROADBAND-COMMUNICATIONS INFRASTRUCTURE IN A PRO-COMPETITIVE WAY TO UNSERVED AND UNDERSERVED IDAHO. OUR ULTIMATE GOAL IS INCREASED BROADBAND ACCESS THAT ALLOWS ALL IDAHOANS TO LIVE, LEARN & WORK ANYWHERE IN OUR GREAT STATE. IMAGINE IDAHO HAS A COALITION OF COMMUNITY, CIVIC LEADERS, AND SERVICE PROVIDERS COMMITTED TO ENSURING EVERY IDAHOAN HAS ACCESS TO RELIABLE AND AFFORDABLE BROADBAND. IMAGINE IDAHO IS COMMITTED TO ENSURING IDAHO COMMUNITIES AND CITIZENS HAVE THE SUPPORT THEY NEED TO BUILD SOUND, FUTURE PROOF BROADBAND INFRASTRUCTURE AND LAST MILE CONNECTIVITY TO HOMES. NOW WITH STATE AND FEDERAL FUNDING AND GROWING AWARENESS OF THE ISSUES, WE CAN ACHIEVE SOLUTIONS AND FINALLY GET IDAHO CONNECTED. FROM EDUCATION, TELEMEDICINE, AND PRECISION AGRICULTURE TO POST-SECONDARY TRAINING & MORE, IMAGINE IDAHO IS KEY TO ENSURING SUCCESS FOR IDAHOANS.

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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 $485,236
Program Service Revenue $0
Investment Income $9
Other Revenue $1
TOTAL REVENUE $485,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,000
Fundraising Expenses $0
Program Expenses $377,180
Other Expenses $278,455
TOTAL EXPENSES $388,455

Year-over-Year Comparison

2024 2023 Change
Revenue $485,246 $228,589 +1.1%
Expenses $388,455 $322,973 +0.2%
Net Income $96,791 $-94,384 -2.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$110,000
Total Directors
6
$110,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHIRSTINA CULVER TREASURER 16
Officer Director
$110,000 $0 $110,000
SEAN COLETTI PRESIDENT 1
Officer Director
$0 $0 $0
JOSEPH FORNEY TRUSTEE 1
Director
$0 $0 $0
MARK RUSZCZYK TRUSTEE 1
Director
$0 $0 $0
ANDY BINDER BOARD MEMBER 1
Director
$0 $0 $0
BRENT STACEY BOARD MEMBER 1
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
2024 $485,246 $388,455 $332,953 $96,791
2023 $228,589 $322,973 $228,162 $-94,384
2022 $433,059 $434,477 $322,546 $-1,418
2021 $461,007 $140,323 $323,989 $320,684
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