Imagination Library Of Louisville Inc
- Assets
- $113.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2023
- 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 12/2023, Imagination Library Of Louisville Inc generated $120.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $182.2k during the year ending 12/2023. 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
2023
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 109,000 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. IN 2023 BROADENED SCOPE TO SERVE ALL CHILDREN WITHIN JEFFERSON COUNTY, KENTUCKY. IT WILL RAISE FUNDS FROM DONORS AND FOUNDATIONS. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Gurren Executive Dir. | 40 | $72,933 | |
Bill Shory Director | 2 | $0 | |
Ali Hammond Vice President | 2 | $0 | |
Julia Minotti Secretary | 2 | $0 | |
R Jonathan Raymon Treasurer | 2 | $0 | |
Shannon Cogan Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,404 |
| 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 | $120,404 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,628 |
| Professional fees and other payments to independent contractors | $1,295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,227 |
| Total expenses | $182,152 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,646 |
| Other assets | $0 |
| Total assets | $113,646 |
| Total liabilities | $0 |
| Net assets or fund balances | $113,646 |