Imagine Coolidge Elementary INC

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To operate a not for profit charter school and conduct educational research, evaluation, and development activities.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2529268) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $14K a year · 0.2% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 1% of spending
Pay to officers and key staff is 1% of spending.
Part VII, Section A
1.0 mo
of spending, in cash
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $29K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$9.0M
114% of total assets
Liabilities are 114% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$8.4M
-1% vs prior year
Spent
$8.5M
To programs
83%
Net assets
−$1.1M
By yearFY2020–FY2025
Revenue
$8.4M
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.3M
FY2021$6.6M
FY2022$7.7M
FY2023$8.7M
FY2024$8.5M
FY2025$8.4M
Expenses
$8.5M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.4M
FY2021$6.4M
FY2022$7.7M
FY2023$8.6M
FY2024$8.7M
FY2025$8.5M
Net assets
−$1.1M
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$918K
FY2022−$922K
FY2023−$864K
FY2024−$1.1M
FY2025−$1.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $7.0M Management & general 17% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $85K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Vice Princip
$44,000Pt VII · Sec A
Principal
$40,804Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Terra Coleman’s $44K as Vice Princip is at the 6th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Clara Thigpen———$68,891$112,421$110,955
Erik Collins$40,804$88,306$86,387$47,093——
Terra Coleman$44,000$48,231————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Imagine Coolidge Elementary INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a charter school and conducts educational research and development.

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1 program · $7.0M · in their own filed words · FY2024
01

Operation of a charter school for grades k through 5

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2529268) · Dispute this line
$7.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$29K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2023 · $2.4M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$951K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$627K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$340K
Striving ReadersDepartment of Education · ALN 84.371 · Through Arizona Department of Education$201K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$150K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $2.5M federal money spent
Elementary and Secondary School Emergency Relief FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$917K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$737K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$326K
Comprehensive Literacy DevelopmentDepartment of Education · ALN 84.371 · Through Arizona Department of Education$241K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$151K

Plus 3 smaller programs.

The auditor reported no findings.

Year ending Jun 2021 · $2.3M federal money spent
Elementary and Secondary School Emergency Relief FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$987K
Summer Food Service Program for ChildrenDepartment of Agriculture · ALN 10.559 · Through Arizona Department of Education$460K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$324K
Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through Arizona Office of the Governor$121K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$100K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Jun 2020 · $1.1M federal money spent
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$380K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$184K
Summer Food Service Program for ChildrenDepartment of Agriculture · ALN 10.559 · Through Arizona Department of Education$168K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$121K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$91K

Plus 6 smaller programs.

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.4M
Ln 12
Fees for servicesLn 2g$6.0M
Gifts and grantsLn 1h$2.4M
Other incomeLn 4–11$30K
Money outPt IX
$8.5M
Ln 25
Programscol B$7.0M
Managementcol C$1.5M
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$687K
Total assetsLn 16$7.9M
LiabilitiesLn 26$9.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$1.7M
Fees for servicesLn 2g$6.0M
Other incomeLn 4–11$30K
Total revenueLn 12$8.4M
Assets in detailPt X, end of year
CashLn 1$687K
Cash and savings togetherLn 1–2$687K
Pledges and grants receivableLn 3$432K
Accounts receivableLn 4$6K
Land, buildings, equipmentLn 10c$916K
Other assetsLn 15$5.8M
Total assetsLn 16$7.9M
LiabilitiesLn 26$9.0M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$902K$687K
Land, buildings, equipmentLn 10c$1.0M$916K
Total assetsLn 16$8.8M$7.9M
LiabilitiesLn 26$9.9M$9.0M
Net assetsLn 32−$1.1M−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$97K$86K$12K
Other salaries and wagesLn 7$3.3M$2.9M$401K
Pension plan contributionsLn 8$105K$93K$13K
Other employee benefitsLn 9$577K$508K$69K
Payroll taxesLn 10$229K$201K$27K
Management feesLn 11a$643K$643K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$358K$358K
Advertising and promotionLn 12$96K$84K$11K
Office expensesLn 13$87K$77K$10K
OccupancyLn 16$1.0M$915K$102K
Depreciation, depletion and amortizationLn 22$230K$207K$23K
InsuranceLn 23$270K$237K$32K
Other expenses (24a–d)Ln 24$1.2M$1.1M$45K
All other expensesLn 24e$218K$135K$84K
Total functional expensesLn 25$8.5M$7.0M$1.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 11, 2026 $8.4M$8.5M−$35K−$1.1M 990 PDF
FY2024Filed with the IRS May 8, 2025 $8.5M$8.7M−$212K−$1.1M 990 PDF
FY2023Filed with the IRS Apr 29, 2024 $8.7M$8.6M$58K−$864K 990 PDF
FY2022Filed with the IRS May 2, 2023 $7.7M$7.7M−$4K−$922K 990 PDF
FY2021Filed with the IRS May 10, 2022 $6.6M$6.4M$197K−$918K 990 PDF
FY2020Filed with the IRS Mar 25, 2021 $7.3M$7.4M−$90K−$1.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $8,432,093 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,642,961$2,428,974
I-9 Program service revenuePrior year $5,870,584$5,972,793
I-10 Investment income$0
I-11 Other revenuePrior year $22,515$30,326
I-12 Total revenuePrior year $8,536,060$8,432,093
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,687,687$4,354,587
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,059,990$4,112,429
I-18 Total expensesPrior year $8,747,677$8,467,016
I-19 Revenue less expensesPrior year −$211,617−$34,923
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $8,432,093 across 8 lines filed
VIII-1d Related organizations$745,000
VIII-1e Government grants$1,669,274
VIII-1f All other contributions, gifts and grants$14,700
VIII-1h Total contributions, gifts and grants$2,428,974
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,972,793$5,972,793
VIII-6 Net rental income or lossExcluded from tax $5,000$5,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $25,326$25,326
VIII-12 Total revenueRelated to mission $5,998,119 · Excluded from tax $5,000$8,432,093
Part IX · Statement of functional expenses $8,467,016 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $85,774 · Management $11,697$97,471
IX-7 Other salaries and wagesPrograms $2,944,164 · Management $401,476$3,345,640
IX-8 Pension plan contributionsPrograms $92,803 · Management $12,655$105,458
IX-9 Other employee benefitsPrograms $507,927 · Management $69,263$577,190
IX-10 Payroll taxesPrograms $201,369 · Management $27,459$228,828
IX-11a Management feesManagement $642,789$642,789
IX-11c Accounting feesPrograms $21,600$21,600
IX-11g Other fees for servicesPrograms $357,954$357,954
IX-12 Advertising and promotionPrograms $84,139 · Management $11,474$95,613
IX-13 Office expensesPrograms $76,565 · Management $10,441$87,006
IX-16 OccupancyPrograms $914,764 · Management $101,641$1,016,405
IX-22 Depreciation, depletion and amortizationPrograms $206,622 · Management $22,958$229,580
IX-23 InsurancePrograms $237,244 · Management $32,351$269,595
IX-24 Other expenses (24a–d)Programs $1,128,264 · Management $45,300$1,173,564
IX-24e All other expensesPrograms $134,718 · Management $83,605$218,323
IX-25 Total functional expensesPrograms $6,993,907 · Management $1,473,109 · Fundraising $0$8,467,016
Part X · Balance sheet $7,889,935 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $901,782$686,755
X-3 Pledges and grants receivableStart of year $314,364$432,390
X-4 Accounts receivableStart of year $29,221$5,679
X-10c Land, buildings and equipment, netStart of year $1,007,728$915,906
X-15 Other assetsStart of year $6,552,836$5,849,205
X-16 Total assetsStart of year $8,805,931$7,889,935
X-17 Accounts payable and accrued expensesStart of year $750,854$560,580
X-24 Unsecured notes and loans payableStart of year $101,489$71,216
X-25 Other liabilitiesStart of year $9,029,288$8,368,762
X-26 Total liabilitiesStart of year $9,881,631$9,000,558
X-27 Net assets without donor restrictionsStart of year −$1,632,172−$1,573,798
X-28 Net assets with donor restrictionsStart of year $556,472$463,175
X-32 Total net assets or fund balancesStart of year −$1,075,700−$1,110,623
X-33 Total liabilities and net assetsStart of year $8,805,931$7,889,935
Part XI · Reconciliation of net assets −$1,110,623 net assets at year end
XI-1 Total revenue$8,432,093
XI-2 Total expenses$8,467,016
XI-3 Revenue less expenses−$34,923
XI-4 Net assets at start of year−$1,075,700
XI-10 Net assets at end of year−$1,110,623

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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