Imagineif Library Foundation FY2021 filing

Tax-deductible

Kalispell, MT501(c)(3)EducationEIN 81-0460195

The imagineif library fundation's mission is to raise private dollars to enhance the patron services of imagineif libraries. The library foundation works closely with the library board and the library director to fund facility upgrades, programming and materials not included in the county library budget.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
$50K 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

FY2021 · 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 5
filings with a surplus
Average deficit $86K a year · 13% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $104K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
Spent
$203K
To programs
54%
Net assets
$1.7M
By yearFY2021–FY2025
Revenue
$346K
FY2021
Revenue by fiscal year
FY2021$346K
FY2022$303K
FY2023$224K
FY2024$1.4M
FY2025$1.0M
Expenses
$203K
FY2021
Expenses by fiscal year
FY2021$203K
FY2022$141K
FY2023$224K
FY2024$1.7M
FY2025$1.4M
Net assets
$1.7M
FY2021
Net assets by fiscal year
FY2021$1.7M
FY2022$1.7M
FY2023$1.7M
FY2024$1.4M
FY2025$991K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Apr 1991.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $109K Management & general 41% · $84K Fundraising 5% · $10K

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

Who runs it and what they're paid

14 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$50,273Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
F.o.l Rep
$0Pt VII · Sec A
$0Pt VII · Sec A
Inter-Librar
$0Pt VII · Sec A

Sharon Furlong’s $24K as Director is at the 3rd 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

NameFY2025FY2024FY2023FY2022FY2021
Adam Tunnell——$54,781$9,967—
Charlotte Housel———$35,586$50,273
Sharon Furlong$23,783$8,793———

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 Imagineif Library Foundation 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

Raises funds to improve library services, programs, and facilities.

Provided by the organization

This section is blank until Imagineif Library Foundation claims this page.

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1 program service account for $109K of program spending, described in the organization's own filed words · FY2020.
01

Funding for program expenses, which supports a variety of initiatives aimed at improving education, fostering economic development, and increasing the connectedness of our community. Foundation dollars are used to pay for summer experience, a free, steam-focused summer camp for kids ages 0-18, early literacy kits for 500 families…

$109Kprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$104K
Grants paid · 5 grants · $194K · 2020–2024
Flathead County LibrariesFY2024$47,303
Imagineif LibraryFY2023$34,750
Imagineif LibraryFY2022$13,375
Imagineif LibraryFY2021$30,853
Imagineif LibraryFY2020$67,822

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$317K
Investment incomeLn 3$26K
Other incomeLn 4–11$3K
Money outPt IX
$203K
Ln 25
Programscol B$109K
Managementcol C$84K
Fundraisingcol D$10K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$336K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$317K
Government grantsLn 1e$25K
Fundraising eventsLn 1c$29K
Investment incomeLn 3$26K
Other incomeLn 4–11$3K
Total revenueLn 12$346K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$333K
Cash and savings togetherLn 1–2$336K
InvestmentsLn 11–13$815K
Land, buildings, equipmentLn 10c$457K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
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 FY21End FY21
Cash and savingsLn 1–2$263K$336K
InvestmentsLn 11–13$721K$815K
Land, buildings, equipmentLn 10c$470K$457K
Total assetsLn 16$1.5M$1.7M
LiabilitiesLn 26$142K$1K
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$68K$68K
Pay of current officers, directors and key staffLn 5$50K$50K
Other salaries and wagesLn 7$16K$16K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$625$625
Investment management feesLn 11f$286$286
Office expensesLn 13$10K$4K$6K
Information technologyLn 14$1K$1K
OccupancyLn 16$7K$3K$4K
Conferences, conventions and meetingsLn 19$739$739
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$5K$3K$1K
Other expenses (24a–d)Ln 24$25K$20K$257$4K
All other expensesLn 24e$65$65
Total functional expensesLn 25$203K$109K$84K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$1.4M−$416K$991K 990 PDF
FY2024 $1.4M$1.7M−$318K$1.4M 990 PDF
FY2023 $224K$224K−$610$1.7M 990 PDF
FY2022 $303K$141K$163K$1.7M 990 PDF
FY2021 Viewing $346K$203K$142K$1.7M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $345,596 across 7 lines filed
VIII-1c Fundraising events$28,845
VIII-1e Government grants$24,800
VIII-1f All other contributions, gifts and grants$263,049
VIII-1h Total contributions, gifts and grants$316,694
VIII-3 Investment incomeExcluded from tax $26,115$26,115
VIII-8 Net income from fundraising events$2,787
VIII-12 Total revenueExcluded from tax $26,115$345,596
Part IX · Statement of functional expenses $203,111 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $67,822$67,822
IX-5 Pay of current officers, directors and key staffManagement $50,273$50,273
IX-7 Other salaries and wagesManagement $15,507$15,507
IX-10 Payroll taxesManagement $5,621$5,621
IX-11c Accounting feesManagement $625$625
IX-11f Investment management feesManagement $286$286
IX-13 Office expensesManagement $3,609 · Fundraising $6,133$9,742
IX-14 Information technologyManagement $1,077$1,077
IX-16 OccupancyPrograms $2,764 · Management $4,500$7,264
IX-19 Conferences, conventions and meetingsManagement $739$739
IX-20 InterestPrograms $2,682$2,682
IX-22 Depreciation, depletion and amortizationPrograms $12,199$12,199
IX-23 InsurancePrograms $3,491 · Management $1,155$4,646
IX-24 Other expenses (24a–d)Programs $20,078 · Management $257 · Fundraising $4,228$24,563
IX-24e All other expensesManagement $65$65
IX-25 Total functional expensesPrograms $109,036 · Management $83,714 · Fundraising $10,361$203,111
Part X · Balance sheet $1,654,917 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $49,182$2,659
X-2 Savings and temporary cash investmentsStart of year $213,385$333,219
X-4 Accounts receivableStart of year $9,255$46,210
X-10c Land, buildings and equipment, netStart of year $469,634$457,436
X-11 Publicly traded securitiesStart of year $721,128$815,393
X-16 Total assetsStart of year $1,462,632$1,654,917
X-25 Other liabilitiesStart of year $142,378$1,380
X-26 Total liabilitiesStart of year $142,378$1,380
X-27 Net assets without donor restrictionsStart of year $1,305,549$1,622,874
X-28 Net assets with donor restrictionsStart of year $14,705$30,663
X-32 Total net assets or fund balancesStart of year $1,320,254$1,653,537
X-33 Total liabilities and net assetsStart of year $1,462,632$1,654,917
Part XI · Reconciliation of net assets $1,653,537 net assets at year end
XI-1 Total revenue$345,596
XI-2 Total expenses$203,111
XI-3 Revenue less expenses$142,485
XI-4 Net assets at start of year$1,320,254
XI-5 Net unrealized gains (losses) on investments$190,798
XI-10 Net assets at end of year$1,653,537

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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