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Invest Collegiate Imagine Inc

  • Asheville, NC
  • Tax exemption issued: Feb. 2018
  • EIN: 82-2635693

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2025 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,162,004
Expenses
$16,893,601
Net Income
-$731,597
Net Assets
-$14,032,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,845,871
91.9%
Program Services $961,766
6.0%
Investment Income $150,845
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,402
0.0%
Net Fundraising $42,623
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $155,497
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $173,146
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $8,198,594
48.5%
Assets/Debt
Total Assets $37,889,831
Total Liabilities $51,922,432
Net Assets -$14,032,601
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $129,894 $0 $38,570
Andy Bobowski (Chair) $0 $0 $0
Katie Ledford (Vice Chair) $0 $0 $0
Mia Strauss (Treasurer) $0 $0 $0
Caleb Coaplen (Secretary) $0 $0 $0
Jenna Powers (Board Member) $0 $0 $0
Erika Wellman (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 24, 2026

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,701,143
Expenses
$17,102,598
Net Income
-$1,401,455
Net Assets
-$13,301,004
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,396,280
91.7%
Program Services $959,048
6.1%
Investment Income $131,115
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,742
0.0%
Net Fundraising $46,785
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $161,173
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $162,398
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $7,967,013
46.6%
Assets/Debt
Total Assets $38,760,791
Total Liabilities $52,061,795
Net Assets -$13,301,004
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $120,973 $0 $35,616
Caleb Coaplen (Secretary) $0 $0 $0
Robert Berls (Chair) $0 $0 $0
Mia Strauss (Treasurer) $0 $0 $0
Katie Ledford (Vice Chair) $0 $0 $0
Andy Bobowski (Board Member) $0 $0 $0
Rose Jordan (Board Member) $0 $0 $0
Erika Wellman (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 20, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,061,616
Expenses
$15,523,679
Net Income
-$462,063
Net Assets
-$11,899,549
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,978,769
92.8%
Program Services $689,016
4.6%
Investment Income $95,138
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $117,861
0.8%
Net Fundraising $23,391
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $157,441
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $155,490
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $7,593,838
48.9%
Assets/Debt
Total Assets $39,395,925
Total Liabilities $51,295,474
Net Assets -$11,899,549
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $114,665 $0 $35,112
Robert Berls (Chair) $0 $0 $0
Adam Kissel (Vice Chair) $0 $0 $0
Dena Rutter (Secretary) $0 $0 $0
Mia Strauss (Treasurer) $0 $0 $0
Caleb Coaplen (Board Member) $0 $0 $0
Mark Rudolph (Board Member) $0 $0 $0
Rose Jordan (Board Member) $0 $0 $0
Katie Ledford (Board Member) $0 $0 $0
Drew Power (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 20, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,359,175
Expenses
$15,331,704
Net Income
-$972,529
Net Assets
-$11,437,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,923,641
97.0%
Program Services $316,118
2.2%
Investment Income $11,175
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $24,708
0.2%
Net Fundraising $31,661
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $51,872
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $151,269
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $7,759,704
50.6%
Assets/Debt
Total Assets $38,770,080
Total Liabilities $50,207,566
Net Assets -$11,437,486
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $102,853 $0 $29,790
Adam Kissel (Chair) $0 $0 $0
Dean Rutter (Vice Chair) $0 $0 $0
Drew Power (Treasurer) $0 $0 $0
Caleb Coaplen (Secretary) $0 $0 $0
Mia Strauss (Board Member) $0 $0 $0
Mark Rudolph (Board Member) $0 $0 $0
Robert Berls (Board Member) $0 $0 $0
Rose Jordan (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on March 22, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,365,192
Expenses
$13,400,990
Net Income
$964,202
Net Assets
-$10,464,957
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,065,011
97.9%
Program Services $54,109
0.4%
Investment Income $4,636
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $29,050
0.2%
Net Fundraising $2,575
0.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $209,811
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $129,057
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $6,440,843
48.1%
Assets/Debt
Total Assets $38,342,972
Total Liabilities $48,807,929
Net Assets -$10,464,957
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $99,533 $0 $26,959
Adam Kissel (Chair) $0 $0 $0
Drew Power (Treasurer) $0 $0 $0
Caleb Coaplen (Secretary) $0 $0 $0
Mia Strauss (Board Member) $0 $0 $0
Mark Rudolph (Board Member) $0 $0 $0
Dena Rutter (Board Member) $0 $0 $0
Lorraine Carver (Board Member) $0 $0 $0
Rose Jordan (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on March 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,911,202
Expenses
$14,869,775
Net Income
-$1,958,573
Net Assets
-$11,593,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,889,978
84.3%
Program Services $542,516
4.2%
Investment Income $47,830
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $9,730
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,421,148
11.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $118,299
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,749,003
31.9%
Assets/Debt
Total Assets $35,523,380
Total Liabilities $47,116,851
Net Assets -$11,593,471
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $90,626 $0 $26,959
Adam Kissel (Chair) $0 $0 $0
Drew Power (Vice Chair) $0 $0 $0
Caleb Coaplen (Secretary) $0 $0 $0
Mia Strauss (Treasurer) $0 $0 $0
Mark Rudolf (Board Member) $0 $0 $0
Dena Rutter (Board Member) $0 $0 $0
Lorraine Carver (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,938,359
Expenses
$10,267,244
Net Income
-$328,885
Net Assets
-$9,634,898
Notable Sources of Revenue Percent of Total Revenue
Contributions $481,388
4.8%
Program Services $9,135,151
91.9%
Investment Income $123,475
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $29,646
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $168,699
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,082
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,871,115
47.4%
Assets/Debt
Total Assets $33,477,368
Total Liabilities $43,112,266
Net Assets -$9,634,898
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $88,218 $0 $0
Valerie Phillips (Board Chair) $0 $0 $0
Mia Strauss (Vice Chair) $0 $0 $0
Drew Power (Treasurer) $0 $0 $0
Sarah Sharpe (Secretary) $0 $0 $0
Lorraine Carver (Director) $0 $0 $0
Caleb Coaplen (Director) $0 $0 $0
Dave Baylis (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on July 14, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,621,341
Expenses
$9,107,764
Net Income
-$1,486,423
Net Assets
-$9,306,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $159,133
2.1%
Program Services $7,403,884
97.1%
Investment Income $3,799
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,747
0.2%
Sales of Assets -$10,744
Net Inventory Sales $0
Other Revenue $52,522
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,550
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,258,085
46.8%
Assets/Debt
Total Assets $17,474,632
Total Liabilities $26,780,645
Net Assets -$9,306,013
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Laura J Townley (Headmaster) $27,316 $0 $0
Valerie Phillips (Board Chair) $0 $0 $0
Mia Strauss (Vice Chair) $0 $0 $0
Drew Power (Treasurer) $0 $0 $0
Sarah Sharpe (Secretary) $0 $0 $0
Caleb Coaplen (Director) $0 $0 $0
Lorraine Carver (Director) $0 $0 $0
Dave Baylis (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 7, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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