Imagination Library Of Louisville Inc
- Assets
- $110.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2021
- EIN
- 84-4425056
Organization Overview
Imagination Library Of Louisville Inc is located in Louisville, KY. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagination Library Of Louisville Inc 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 12/2021, Imagination Library Of Louisville Inc generated $38.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (49.8%) each year. All expenses for the organization totaled $46.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE IMAGINATION LIBRARY OF LOUISVILLE, INC. SUPPORTS THE DOLLY PARTON IMAGINATION LIBRARY BY RAISING FUNDS TO PURCHASE BOOKS AND TO DISTRIBUTE THEM TO SCHOOL CHILDREN IN METRO LOUISVILLE, KENTUCKY. THE PROJECT BEGAN WITH THE LEADERSHIP OF THE JUNIOR LEAGUE OF LOUISVILLE AND HAS ALREADY DISTRIBUTED OVER 35,000 BOOKS. THE BOOKS HAVE BEEN DISTRIBUTED TO CHILDREN IN EIGHT ECONOMICALLY DISADVANTAGED ZIP CODES. THE PROJECT BEGAN IN 2017. THE IMAGINATION LIBRARY OF LOUISVILLE, INC. WAS INCORPORATED IN LATE 2019 TO SERVE AS AN INDEPENDENT NON-PROFIT CARRYING OUT THIS MISSION. IT WILL RAISE FUNDS FROM DONORS AND FOUNDATIONS. WHILE IT MAY EVENTUALLY HAVE PAID STAFF, IT HAS BEEN AND IS CURRENTLY RUN BY VOLUNTEERS. THIS PROJECT FURTHERS THE ORGANIZATION'S EXEMPT PURPOSE OF SUPPORTING EDUCATIONAL ATTAINMENT AND IS THE ORGANIZATION'S ONLY PROJECT. THUS, 100% OF OUR TIME IS ALLOCATED TO IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Corbett Consultant | 1 | $0 | |
Ken Selvaggi Director | 1 | $0 | |
Shannon Cogan Director | 1 | $0 | |
Sydney Harbin Director | 1 | $0 | |
Jill Handley Director | 1 | $0 | |
Freddie Brown Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,231 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,231 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,417 |
| Total expenses | $46,067 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,666 |
| Other assets | $0 |
| Total assets | $110,666 |
| Total liabilities | $0 |
| Net assets or fund balances | $110,666 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Imagination Library Of Louisville Inc has recieved totaling $80,450.
| Awarding Organization | Amount |
|---|---|
Horseshoe Foundation Of Floyd County Inc New Albany, IN PURPOSE: GENERAL SUPPORT | $70,000 |
Bader Family Charitable Trust Louisville, KY PURPOSE: PROVIDE FOR LITERACY | $10,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: ETHNIC AND RELIGIOUS | $450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Simon Youth Foundation Inc Indianapolis, IN | $13,534,989 | $1,991,502 |
Great Books Foundation Chicago, IL | $3,063,168 | $3,289,304 |
Turnk The Page Kc Inc Kansas City, MO | $555,932 | $3,146,244 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
Preston Taylor Ministries Nashville, TN | $1,787,100 | $1,982,481 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Ready Readers St Louis, MO | $1,581,585 | $1,585,720 |
School On Wheels Corp Indianapolis, IN | $2,488,592 | $1,690,910 |
Chicago Citywide Literacy Coalition Chicago, IL | $1,103,489 | $1,225,090 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |