Sullivan County Imagination Library FY2024 filing

Tax-deductible

Kingsport, TN501(c)(3)EducationEIN 55-0860873

Increase literacy through the providing of books to children.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $25K a year · 20% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 32.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
+8% vs prior year
Spent
$95K
To programs
94%
Net assets
$260K
By yearFY2020–FY2025
Revenue
$123K
FY2024▲ +8%
Revenue by fiscal year
FY2020$107K
FY2021$124K
FY2022$126K
FY2023$114K
FY2024$123K
FY2025$124K
Expenses
$95K
FY2024
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$95K
FY2025$101K
Net assets
$260K
FY2024▲ +12%
Net assets by fiscal year
FY2020$130K
FY2021$168K
FY2022$207K
FY2023$231K
FY2024$260K
FY2025$284K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2009.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $90K Management & general 4% · $4K Fundraising 2% · $2K

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

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sullivan County Imagination Library executive salaries →

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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

Provide books to children to boost their reading skills.

Provided by the organization

This section is blank until Sullivan County Imagination Library claims this page.

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1 program service account for $90K of program spending, described in the organization's own filed words · FY2024.
01

Books provided to children.

$90Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Gifts and grantsLn 1h$112K
Investment incomeLn 3$11K
Money outPt IX
$95K
Ln 25
Programscol B$90K
Managementcol C$4K
Fundraisingcol D$2K
Owns and owesPt X
$260K
net assets · Ln 32
Cash and savingsLn 1–2$260K
Total assetsLn 16$260K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Noncash giftsLn 1g$380
Fundraising eventsLn 1c$8K
Investment incomeLn 3$11K
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$225K
Cash and savings togetherLn 1–2$260K
Total assetsLn 16$260K
LiabilitiesLn 26$0
Net assetsLn 32$260K
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$231K$260K
Total assetsLn 16$231K$260K
LiabilitiesLn 26$0$0
Net assetsLn 32$231K$260K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Office expensesLn 13$5K$1K$2K$2K
Other expenses (24a–d)Ln 24$88K$88K
Total functional expensesLn 25$95K$90K$4K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $124K$101K$22K$284K 990 PDF
FY2024 Viewing $123K$95K$28K$260K 990 PDF
FY2023 $114K$231K 990 PDF
FY2022 $126K$207K 990 PDF
FY2021 $124K$168K 990 PDF
FY2020 $107K$130K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $122,949 across 7 lines filed
VIII-1c Fundraising events$8,119
VIII-1f All other contributions, gifts and grants$103,749
VIII-1g Noncash contributions (included above)$380
VIII-1h Total contributions, gifts and grants$111,868
VIII-3 Investment incomeExcluded from tax $11,081$11,081
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,081$122,949
Part IX · Statement of functional expenses $94,966 across 3 lines filed
IX-11c Accounting feesManagement $1,300$1,300
IX-13 Office expensesPrograms $1,436 · Management $2,208 · Fundraising $1,810$5,454
IX-24 Other expenses (24a–d)Programs $88,212$88,212
IX-25 Total functional expensesPrograms $89,648 · Management $3,508 · Fundraising $1,810$94,966
Part X · Balance sheet $259,798 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $58,096$35,194
X-2 Savings and temporary cash investmentsStart of year $172,964$224,604
X-16 Total assetsStart of year $231,060$259,798
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $231,060$259,798
X-32 Total net assets or fund balancesStart of year $231,060$259,798
X-33 Total liabilities and net assetsStart of year $231,060$259,798
Part XI · Reconciliation of net assets $259,798 net assets at year end
XI-1 Total revenue$122,949
XI-2 Total expenses$94,966
XI-3 Revenue less expenses$27,983
XI-4 Net assets at start of year$231,060
XI-5 Net unrealized gains (losses) on investments$755
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$259,798

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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