Imagine Worldwide FY2023 filing

Tax-deductible

Mill Valley, CA501(c)(3)Since 2017Community DevelopmentEIN 82-0990106Revenue $25.7M in FY2023

On file with the IRSimagineworldwide.org1080 Edgewood Ave, 94941-1764 · Mill Valley, CATax-exempt since Sep 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Imagine Worldwide will empower every child, everywhere to build the literacy and numeracy skills they need to achieve their full potential.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$1.6M 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

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $5.3M a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $8.7M
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.7M
+172% vs prior year
Spent
$21.7M
To programs
96%
Net assets
$13.1M
By yearFY2020–FY2024
Revenue
$25.7M
FY2023▲ +172%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$3.1M
FY2022$9.5M
FY2023$25.7M
FY2024$41.5M
Expenses
$21.7M
FY2023▲ +370%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.5M
FY2022$4.6M
FY2023$21.7M
FY2024$24.7M
Net assets
$13.1M
FY2023▲ +45%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$4.2M
FY2022$9.1M
FY2023$13.1M
FY2024$29.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $20.8M Management & general 2% · $396K Fundraising 2% · $464K

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

16 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
$233,518Pt VII · Sec A
Executive Director, Malawi
$223,620Pt VII · Sec A
Head of Research
$223,240Pt VII · Sec A
Board Secretary
$219,818Pt VII · Sec A
Director of Development
$163,600Pt VII · Sec A
Head of Programs & Systems
$160,496Pt VII · Sec A
$138,255Pt VII · Sec A
Director of Administration
$121,030Pt VII · Sec A

Rapelang Rabana’s $264K as Co-CEO is at the 48th percentile of top reported officer pay among 572 $10–100M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Colby———$126,004$289,750
Rapelang Rabana$264,400$138,255———
Joe Wolf$240,689$233,518$253,600$253,600$63,400
Jennifer Welsh Takata——$203,600$183,600$249,401
Karen Levesque$231,986$223,240$203,600$183,600$159,525
Antonie Chigeda$227,100$223,620———
Jennifer Welsh$226,599$219,818———
Neema Kanyua$164,800$160,496———

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.

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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 15aYes

Programs and updates

Empowers children globally with literacy and numeracy skills for a brighter future.

Questions for Imagine Worldwide

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Provided by the organization

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1 program · $20.8M · in their own filed words · FY2023
01

Imagine worldwide provides an innovative education technology solution to the global LITERACY/NUMERACY learning crisis. Their model is massively scalable, evidence-based, and can deliver foundational learning to millions of the most marginalized children.

$20.8Mprogram 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
See all 22 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$25.7M
Ln 12
Gifts and grantsLn 1h$25.3M
Investment incomeLn 3$450K
Money outPt IX
$21.7M
Ln 25
Programscol B$20.8M
Managementcol C$396K
Fundraisingcol D$464K
Owns and owesPt X
$13.1M
net assets · Ln 32
Cash and savingsLn 1–2$13.9M
Total assetsLn 16$15.2M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
16
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25.3M
Government grantsLn 1e$116K
Investment incomeLn 3$450K
Total revenueLn 12$25.7M
Assets in detailPt X, end of year
SavingsLn 2$13.9M
Cash and savings togetherLn 1–2$13.9M
Land, buildings, equipmentLn 10c$766
Other assetsLn 15$26K
Total assetsLn 16$15.2M
LiabilitiesLn 26$2.0M
Net assetsLn 32$13.1M
OperationsPt I, VI
EmployeesI 59
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$2.0M$13.9M
Land, buildings, equipmentLn 10c$2K$766
Total assetsLn 16$9.4M$15.2M
LiabilitiesLn 26$327K$2.0M
Net assetsLn 32$9.1M$13.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$5.0M$5.0M
Pay of current officers, directors and key staffLn 5$855K$697K$38K$120K
Other salaries and wagesLn 7$1.5M$1.2M$96K$212K
Pension plan contributionsLn 8$197K$158K$11K$27K
Other employee benefitsLn 9$135K$110K$8K$18K
Payroll taxesLn 10$125K$100K$7K$17K
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$128K$128K
Professional fundraising feesLn 11e$49K$49K
Other fees for servicesLn 11g$12.9M$12.8M$36K$3K
Advertising and promotionLn 12$32K$30K$2K$130
Office expensesLn 13$20K$15K$5K$770
Information technologyLn 14$277K$274K$2K$935
TravelLn 17$285K$276K$4K$5K
Conferences, conventions and meetingsLn 19$1K$1K$26$275
Depreciation, depletion and amortizationLn 22$1K$1K$21$25
InsuranceLn 23$7K$9K−$2K$204
Other expenses (24a–d)Ln 24$154K$113K$32K$10K
Total functional expensesLn 25$21.7M$20.8M$396K$464K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $41.5M$24.7M$16.7M$29.9M 990 PDF
FY2023 Viewing $25.7M$21.7M$4.1M$13.1M 990 PDF
FY2022 $9.5M$4.6M$4.8M$9.1M 990 PDF
FY2021 $3.1M$2.5M$617K$4.2M 990 PDF
FY2020 $2.4M$2.2M$195K$3.6M 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 FY2023 990 (6 parts)
Part I · Summary $25,746,629 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,441,429$25,296,680
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,622$449,949
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,457,051$25,746,629
I-13 Grants and similar amounts paidPrior year $1,396,900$5,003,145
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,658,512$2,822,038
I-16a Professional fundraising feesPrior year $7,000$49,275
I-17 Other expensesPrior year $1,553,620$13,815,059
I-18 Total expensesPrior year $4,616,032$21,689,517
I-19 Revenue less expensesPrior year $4,841,019$4,057,112
Part VI · Governance 7 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $25,746,629 across 5 lines filed
VIII-1e Government grants$116,399
VIII-1f All other contributions, gifts and grants$25,180,281
VIII-1h Total contributions, gifts and grants$25,296,680
VIII-3 Investment incomeExcluded from tax $449,949$449,949
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $449,949$25,746,629
Part IX · Statement of functional expenses $21,689,517 across 18 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $5,003,145$5,003,145
IX-5 Pay of current officers, directors and key staffPrograms $696,560 · Management $38,217 · Fundraising $120,423$855,200
IX-7 Other salaries and wagesPrograms $1,202,276 · Management $96,152 · Fundraising $212,072$1,510,500
IX-8 Pension plan contributionsPrograms $158,297 · Management $11,269 · Fundraising $26,977$196,543
IX-9 Other employee benefitsPrograms $109,781 · Management $7,699 · Fundraising $17,513$134,993
IX-10 Payroll taxesPrograms $100,264 · Management $7,095 · Fundraising $17,443$124,802
IX-11b Legal feesManagement $29,047$29,047
IX-11c Accounting feesManagement $127,644$127,644
IX-11e Professional fundraising feesFundraising $49,275$49,275
IX-11g Other fees for servicesPrograms $12,841,046 · Management $36,407 · Fundraising $2,834$12,880,287
IX-12 Advertising and promotionPrograms $30,435 · Management $1,632 · Fundraising $130$32,197
IX-13 Office expensesPrograms $14,596 · Management $4,697 · Fundraising $770$20,063
IX-14 Information technologyPrograms $274,017 · Management $2,082 · Fundraising $935$277,034
IX-17 TravelPrograms $275,714 · Management $4,154 · Fundraising $4,903$284,771
IX-19 Conferences, conventions and meetingsPrograms $1,043 · Management $26 · Fundraising $275$1,344
IX-22 Depreciation, depletion and amortizationPrograms $1,102 · Management $21 · Fundraising $25$1,148
IX-23 InsurancePrograms $9,108 · Management −$2,201 · Fundraising $204$7,111
IX-24 Other expenses (24a–d)Programs $112,531 · Management $31,957 · Fundraising $9,925$154,413
IX-25 Total functional expensesPrograms $20,829,915 · Management $395,898 · Fundraising $463,704$21,689,517
Part X · Balance sheet $15,189,508 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,010,000$13,905,753
X-3 Pledges and grants receivableStart of year $1,812,500$1,244,996
X-9 Prepaid expenses and deferred chargesStart of year $10,658$12,428
X-10c Land, buildings and equipment, netStart of year $1,913$766
X-15 Other assetsStart of year $0$25,565
X-16 Total assetsStart of year $9,416,175$15,189,508
X-17 Accounts payable and accrued expensesStart of year $326,905$782,414
X-25 Other liabilitiesStart of year $0$1,260,712
X-26 Total liabilitiesStart of year $326,905$2,043,126
X-27 Net assets without donor restrictionsStart of year $4,685,800$6,869,551
X-28 Net assets with donor restrictionsStart of year $4,403,470$6,276,831
X-32 Total net assets or fund balancesStart of year $9,089,270$13,146,382
X-33 Total liabilities and net assetsStart of year $9,416,175$15,189,508
Part XI · Reconciliation of net assets $13,146,382 net assets at year end
XI-1 Total revenue$25,746,629
XI-2 Total expenses$21,689,517
XI-3 Revenue less expenses$4,057,112
XI-4 Net assets at start of year$9,089,270
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,146,382

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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