Arkansas Imagination Library

Tax-deductible

Little Rock, AR501(c)(3)EducationEIN 82-1620909

The organization is an affiliate of dolly parton's imagination library, a book giving program that mails free books to children from birth to five in participating communities.

501(c)(3) charity; gifts are tax-deductible.
77¢ 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
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 6
filings with a surplus
Average surplus $222K a year · 45% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
86 mo
of spending, in cash
Looks good: 86.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$673
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$492K
+26% vs prior year
Spent
$306K
To programs
77%
Net assets
$2.2M
By yearFY2019–FY2024
Revenue
$492K
FY2024▲ +26%
Revenue by fiscal year
FY2019$471K
FY2020$649K
FY2021$674K
FY2022$277K
FY2023$391K
FY2024$492K
Expenses
$306K
FY2024▲ +10%
Expenses by fiscal year
FY2019$219K
FY2020$253K
FY2021$248K
FY2022$317K
FY2023$279K
FY2024$306K
Net assets
$2.2M
FY2024▲ +9%
Net assets by fiscal year
FY2019$1.1M
FY2020$1.5M
FY2021$1.9M
FY2022$1.9M
FY2023$2.0M
FY2024$2.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $234K Management & general 23% · $72K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Charlotte Parham’s $66K as Executive Director is at the 58th percentile of top reported officer pay among 1613 $100K–1M 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.

See Arkansas 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 15aYes

Programs and updates

Mails free books to children from birth to age five in participating communities.

Provided by the organization

This section is blank until Arkansas Imagination Library claims this page.

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1 program service account for $234K of program spending, described in the organization's own filed words · FY2024.
01

A book giving program that mails free books to children from birth to age five in participating communities. During 2022 73,133 books were mailed to children in the state of arkansas.

$234Kprogram 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$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$492K
Ln 12
Gifts and grantsLn 1h$346K
Other incomeLn 4–11$90K
Investment incomeLn 3$56K
Money outPt IX
$306K
Ln 25
Programscol B$234K
Managementcol C$72K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$673
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$346K
Government grantsLn 1e$101K
Investment incomeLn 3$56K
Other incomeLn 4–11$90K
Total revenueLn 12$492K
Assets in detailPt X, end of year
CashLn 1$263K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$673
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$2.0M$2.2M
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$46$673
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$79K$59K$20K$0
Payroll taxesLn 10$6K$5K$2K$0
Accounting feesLn 11c$6K$0$6K$0
Office expensesLn 13$4K$3K$891$0
OccupancyLn 16$4K$3K$924$0
InsuranceLn 23$814$0$814$0
Other expenses (24a–d)Ln 24$102K$100K$2K$0
All other expensesLn 24e$104K$65K$39K$0
Total functional expensesLn 25$306K$234K$72K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $492K$306K$185K$2.2M 990 PDF
FY2023 $391K$279K$112K$2.0M 990 PDF
FY2022 $277K$317K−$40K$1.9M 990 PDF
FY2021 $674K$248K$426K$1.9M 990 PDF
FY2020 $649K$253K$396K$1.5M 990 PDF
FY2019 $471K$219K$252K$1.1M 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 $491,504 across 6 lines filed
VIII-1e Government grants$100,686
VIII-1f All other contributions, gifts and grants$245,233
VIII-1h Total contributions, gifts and grants$345,919
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$56,052
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $89,533 · Unrelated business $0 · Excluded from tax $0$89,533
VIII-12 Total revenueRelated to mission $145,585 · Unrelated business $0 · Excluded from tax $0$491,504
Part IX · Statement of functional expenses $306,031 across 8 lines filed
IX-7 Other salaries and wagesPrograms $59,456 · Management $19,818 · Fundraising $0$79,274
IX-10 Payroll taxesPrograms $4,614 · Management $1,538 · Fundraising $0$6,152
IX-11c Accounting feesPrograms $0 · Management $6,425 · Fundraising $0$6,425
IX-13 Office expensesPrograms $2,674 · Management $891 · Fundraising $0$3,565
IX-16 OccupancyPrograms $2,771 · Management $924 · Fundraising $0$3,695
IX-23 InsurancePrograms $0 · Management $814 · Fundraising $0$814
IX-24 Other expenses (24a–d)Programs $99,766 · Management $2,028 · Fundraising $0$101,794
IX-24e All other expensesPrograms $65,008 · Management $39,304 · Fundraising $0$104,312
IX-25 Total functional expensesPrograms $234,289 · Management $71,742 · Fundraising $0$306,031
Part X · Balance sheet $2,203,638 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $298,056$262,597
X-2 Savings and temporary cash investmentsStart of year $1,719,482$1,941,041
X-16 Total assetsStart of year $2,017,538$2,203,638
X-17 Accounts payable and accrued expensesStart of year $46$673
X-26 Total liabilitiesStart of year $46$673
X-27 Net assets without donor restrictionsStart of year $2,017,492$2,202,965
X-32 Total net assets or fund balancesStart of year $2,017,492$2,202,965
X-33 Total liabilities and net assetsStart of year $2,017,538$2,203,638
Part XI · Reconciliation of net assets $2,202,965 net assets at year end
XI-1 Total revenue$491,504
XI-2 Total expenses$306,031
XI-3 Revenue less expenses$185,473
XI-4 Net assets at start of year$2,017,492
XI-10 Net assets at end of year$2,202,965

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

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