Nonprofit · EIN 82-2635693
INVEST COLLEGIATE IMAGINE INC
Tax-exempt · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,162,004 | $16,893,601 | -$731,597 | $37,889,831 | $51,922,432 | -$14,032,601 |
| June 30, 2024 | 990 | $15,701,143 | $17,102,598 | -$1,401,455 | $38,760,791 | $52,061,795 | -$13,301,004 |
| June 30, 2023 | 990 | $15,061,616 | $15,523,679 | -$462,063 | $39,395,925 | $51,295,474 | -$11,899,549 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,845,871
- of which government grants
- $14,785,147
- Program service revenue
- $961,766
- Investment income
- $150,845
- Net rental income
- $5,402
- Net income from fundraising events
- $42,623
- Other revenue
- $203,522
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $173,146
- Other salaries and wages
- $8,198,594
- Salaries, compensation and benefits (total)
- $11,291,490
- Professional fundraising fees
- $0
- Legal fees
- $20,277
- Accounting fees
- $31,100
- Occupancy
- $240,487
- Depreciation
- $813,549
- Program services (functional)
- $13,923,447
- Management and general (functional)
- $2,970,154
Balance sheet and other
- Total assets, start of year
- $38,760,791
- Total assets, end of year
- $37,889,831
- Total liabilities, end of year
- $51,922,432
- Net assets, end of year
- -$14,032,601
- Land, buildings and equipment
- $20,723,138
- Net assets without donor restrictions
- -$17,418,624
- Net assets with donor restrictions
- $3,386,023
- Gross receipts
- $16,165,537
- Employees
- 236
- Volunteers
- 100
- Year formed
- 2017
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA J TOWNLEY | HEADMASTER Officer | 40 | $129,894 | $38,570 |
| ANDY BOBOWSKI | CHAIR Trustee or director, Officer | 1.75 | $0 | $0 |
| KATIE LEDFORD | VICE CHAIR Trustee or director, Officer | 1.75 | $0 | $0 |
| MIA STRAUSS | TREASURER Trustee or director, Officer | 1.75 | $0 | $0 |
| CALEB COAPLEN | SECRETARY Trustee or director, Officer | 1.75 | $0 | $0 |
| JENNA POWERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIKA WELLMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA J TOWNLEY | HEADMASTER Officer | 40 | $120,973 | $35,616 |
| CALEB COAPLEN | SECRETARY Trustee or director, Officer | 1.75 | $0 | $0 |
| ROBERT BERLS | CHAIR Trustee or director, Officer | 1.75 | $0 | $0 |
| MIA STRAUSS | TREASURER Trustee or director, Officer | 1.75 | $0 | $0 |
| KATIE LEDFORD | VICE CHAIR Trustee or director, Officer | 1.75 | $0 | $0 |
| ANDY BOBOWSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROSE JORDAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIKA WELLMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA J TOWNLEY | HEADMASTER Officer | 40 | $114,665 | $35,112 |
| ROBERT BERLS | CHAIR Trustee or director, Officer | 1.75 | $0 | $0 |
| ADAM KISSEL | VICE CHAIR Trustee or director, Officer | 1.75 | $0 | $0 |
| DENA RUTTER | SECRETARY Trustee or director, Officer | 1.75 | $0 | $0 |
| MIA STRAUSS | TREASURER Trustee or director, Officer | 1.75 | $0 | $0 |
| CALEB COAPLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK RUDOLPH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROSE JORDAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATIE LEDFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DREW POWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 CHAMPION WAY, ASHEVILLE, NC 28806-0224
- In care of
- % MEGAN MEDLEY
- Principal officer (990 for 2024)
- ADAM KISSEL, 110 CHAMPION WAY, ASHEVILLE, NC 28806
- Signed the 990
- ERIKA WELLMAN, TREASURER
- Phone
- (828) 633-6491
- Website
- WWW.ICIMAGINE.ORG
- Return prepared by
- THOMAS JUDY & TUCKER PA
Mission
IC IMAGINE'S MISSION IS TO CHAMPION AN INCLUSIVE ENVIRONMENT FOR ACADEMIC EXCELLENCE, STRONG RELATIONSHIPS, PHYSICAL AND MENTAL WELL-BEING, CREATIVITY, AND EXPLORATION. IC IMAGINE GRADUATES ARE ENGAGED CITIZENS PREPARED TO SUCCEED IN COLLEGE, CAREER, AND LIFE.
Program accomplishments
- OPERATED AS A PUBLIC CHARTER SCHOOL IN ASHEVILLE, NC SERVING APPROXIMATELY 1,190 STUDENTS FOR THE FISCAL YEAR ENDING 06/30/2025.Expenses $13,923,447 · revenue $1,117,263
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2635693
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $37,889,831
- Income (IRS master file)
- $16,165,537
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,162,004 | $16,893,601 | $37,889,831 | XML |
| 990 | June 2024 | $15,701,143 | $17,102,598 | $38,760,791 | XML |
| 990 | June 2023 | $15,061,616 | $15,523,679 | $39,395,925 | XML |
| 990 | June 2022 | $14,359,175 | $15,331,704 | $38,770,080 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2635693).
Questions about INVEST COLLEGIATE IMAGINE INC
- What is the EIN of INVEST COLLEGIATE IMAGINE INC?
- The employer identification number (EIN) of INVEST COLLEGIATE IMAGINE INC is 82-2635693.
- Is INVEST COLLEGIATE IMAGINE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to INVEST COLLEGIATE IMAGINE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVEST COLLEGIATE IMAGINE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVEST COLLEGIATE IMAGINE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVEST COLLEGIATE IMAGINE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INVEST COLLEGIATE IMAGINE INC?
- The 990 for the year ended June 30, 2025 names ADAM KISSEL.
- Who are the officers and directors of INVEST COLLEGIATE IMAGINE INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $129,894 (LAURA J TOWNLEY, HEADMASTER).
- How much revenue does INVEST COLLEGIATE IMAGINE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,162,004, expenses of $16,893,601 and total assets of $37,889,831 at year end.
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