IMAGINATION LIBRARY OF COLORADO

EIN: 854295349 501(c)(3) Education

DENVER, CO

Total Revenue
$2,729,558
Total Expenses
$2,671,040
Total Assets
$821,951
Net Assets
$182,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
Jack Tate
Phone
7208197323
Tax Period
2024-01-01 to 2024-12-31

IMAGINATION LIBRARY OF COLORADO, founded in 2020, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum.

Mission

In partnership with Dolly Partons Imagination Library the Imagination Library of Colorado promotes early childhood literacy in Colorado by providing access to free high-quality age-appropriate books in the home to children ages 0-5. The organization gives all young children in Colorado the opportunity to receive books in the mail at no cost to families. Our vision is a Colorado in which all young children have books in their homes develop a love of reading and learning and begin kindergarten and elementary school prepared to succeed onward.

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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 $1,816,669
Program Service Revenue $908,439
Investment Income $4,450
Other Revenue $0
TOTAL REVENUE $2,729,558

Expense Breakdown

Grants Paid $1,471
Salaries & Benefits $146,164
Fundraising Expenses $20,795
Program Expenses $2,577,160
Other Expenses $2,523,405
TOTAL EXPENSES $2,671,040

Year-over-Year Comparison

2024 2023 Change
Revenue $2,729,558 $1,708,462 +0.6%
Expenses $2,671,040 $1,679,580 +0.6%
Net Income $58,518 $28,882 +1.0%
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
11
Independent Members
11
Employees
4
Volunteers
1

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
$5,148
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Josh Hanfling Treasurer 1.00
Officer Director
$0 $0 $0
Josephine Metoyer Chair of Board of Directors 1.00
Director
$0 $0 $0
Jeff Bridges Secretary 1.00
Officer Director
$0 $0 $0
Jim Smallwood Director 1.00
Director
$0 $0 $0
Amy Grolnick Director 1.00
Director
$0 $0 $0
Ghislaine Bruner Director 1.00
Director
$0 $0 $0
Eve Lieberman Director 1.00
Director
$0 $0 $0
Melissa Osse Director 1.00
Director
$0 $0 $0
Jenifer Waller Director 1.00
Director
$0 $0 $0
Danielle Lammon Director 1.00
Director
$0 $0 $0
John Tate President and CEO 8.00
Officer
$5,148 $0 $5,148
Christie Calfee Director 1.00
Officer 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 $2,729,558 $2,671,040 $821,951 $58,518
2023 $1,708,462 $1,679,580 $338,304 $28,882
2022 $891,800 $922,273 $264,544 $-30,473
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