Imagination Factory Community Center
Nonprofit profile at a glance
- EIN
- 831861223
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Iron Mountain, MI, USA
- Phone
- 9063969546
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Children's Museums
Reported finances
- Revenue
- $828,481
- Expenses
- $152,448
- Assets
- $752,681
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JOHN ESTES (PRESIDENT)
- ALISSA HEDLUND (VICE PRESIDENT)
Highest reported compensation
- BARB REISNER (DIRECTOR): $36,000 total reported compensation
- HELEN PAQUETTE (TREASURER): $11,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide a safe environment where children can learn and exercise.
What it reported doing in 2024
Imagination factory museum
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 90
- Accountability: 69
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16%; rating input score 16
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 81.6%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 4.94; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 31%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 70.7% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 104% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 112.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 16% of revenue deployed · 87.1% of spending went to programs
- Governance: 6 of 6 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $133K in reported program spending
- Leadership: top reported pay $36K · 6 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 16/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Officer compensation ratio scored 6/100.