Imagination Library of Montgomery County
Nonprofit profile at a glance
- EIN
- 934791565
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Blacksburg, VA, USA
- Phone
- 6463523936
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $66,550
- Expenses
- $25,486
- Assets
- $124,147
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Wendy Baldwin (executive director)
People named in this filing
- Wendy Baldwin (executive director)
- Robin Sanborn (treasurer)
- Spencer Lowery (board member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our purpose is to enroll children in Dolly Partons Imagination Library children are enrolled from birth onward and age out at five Once enrolled children get a high quality age-appropriate book in the mail each month at no cost to the family until they turn five The program is open to all children and absolutely free The books are mailed to the child and their to keep We enroll children and then raise funds to pay half of the cost of the books Once enrolled we pay for books until the child turns five so we must establish sufficient funds for those out year costs The Commonwealth of Virginia pays half of the cost of the books and those funds go directly to the Dolly Parton Imagination Library Each month we receive an invoice that is based on how many children we have enrolled and the cost of buying and mailing books to them As an all-volunteer charity we have very few expenses other than the cost of books such as insurance and some promotional costs
What it reported doing in 2024
We have enrolled approximately 60 of the eligible children in the County When we pay for books it includes the mailing costs We have mailed approximately 24000 books this program has been well recieved by families schools civic associations the public library preschools social services and businesses Children love the books and the community values getting books into the hands of children 20
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.1%; rating input score 0
- Program expense ratio: 0.1%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 61.7%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 4.87; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -28.3% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 39.6% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 0.1% of revenue deployed · 0.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $20 in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 6 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 12/100.