Imagine Idaho Foundation

Nonprofit profile at a glance

EIN
852713318
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Ketchum, ID, USA
Phone
2025389031
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Utilities

Official website

Reported finances

Revenue
$485,246
Expenses
$388,455
Assets
$332,953
Liabilities
$8,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • SEAN COLETTI (PRESIDENT)

Highest reported compensation

  • CHIRSTINA CULVER (TREASURER): $110,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of imagine Idaho is to educate, coalesce & leverage community leadership throughout the state to deploy federal and state funding for broadband-communications infrastructure in a pro-competitive way to unserved and underserved Idaho. Our ultimate goal is increased broadband access that allows all idahoans to live, learn & work anywhere in our great state. Imagine Idaho has a coalition of community, civic leaders, and service providers committed to ensuring every idahoan has access to reliable and affordable broadband. Imagine Idaho is committed to ensuring Idaho communities and citizens have the support they need to build sound, future proof broadband infrastructure and last mile connectivity to homes. Now with state and federal funding and growing awareness of the issues, we can achieve solutions and finally get Idaho connected. From education, telemedicine, and precision agriculture to post-secondary training & more, imagine Idaho is key to ensuring success for idahoans.

What it reported doing in 2024

In 2023 the imagine Idaho team continued to develop a service "hub" for Idaho communities and regions with limited or no internet access, and in many cases very little knowledge, few resources, expertise, or capacity to get their communities connected. Funding continued with the multi-year education and planning process to support unserved and underserved idahoans to develop plans for developing reliable, affordable, future proof internet. The program offered essential coaching and advisory services for unserved and underserved cities, counties, and non-profits to help them access an unprecedented influx of federal and state funding that will become available in 2023 and 2024. Grant support underwrote: 1. Support services to grantees, at no cost to them, to further capacity building, education, coaching activities, community resilience planning, community engagement, community education through webinars and group training, newsletter updates, referral and partnership connection services, and liaise on their behalf with grant program opportunities. 2. Small support grants to grantees to waylay project expense hurdles. These included engineering studies, cost analysis and project management costs to assure their broadband plans reach underserved and unserved communities, are funded, and executed. Additional options for grants in the future include community surveys, economic impact studies, mapping and data analysis, and grant and proposal writing. 3. A coalition of over 60 community organizations, businesses, cities, and counties to work together ensure cohesive planning and execution that serves unserved and underserved Idaho residents.

Operating model

Revenue model
Donor-supported. 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 85
  • Accountability: 64
  • Sustainability: 52
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.7%; rating input score 78
  • Program expense ratio: 97.1%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 19.9%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 28.3%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 18.9% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: -3.3% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -2.2% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 77.7% of revenue deployed · 97.1% of spending went to programs
  • Governance: 5 of 6 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $377K in reported program spending
  • Leadership: top reported pay $110K · 6 people listed
  • Highest-paid contractors: 1 contractor listed · $110K reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.