Civic Intelligence

Imagine Foundation Inc.

990 • Fiscal year 2022 • EIN 20-2336717

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 15, 2023

1458 East 14th StreetBrooklyn, NY 11230

(718) 376-8882

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.44x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

5.89x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

11th percentile

-24%

Higher net margin than 11% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

32nd percentile

-5.1%

Faster asset growth than 32% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-15%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$4,092,440

Down $221,506 (-5.1%) from 2021

Net Assets

Down

$2,307,341

Down $71,406 (-3.0%) from 2021

Liabilities

Down

$1,785,099

Down $150,100 (-7.8%) from 2021

Revenue

Down

$302,974

Down $54,977 (-15%) from 2021

Expenses

Down

$374,380

Down $37,921 (-9.2%) from 2021

Net Income

Down

-$71,406

Down $17,056 (-31%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,378,774Liabilities 2011: $3,482,360Net Assets 2011: $2,896,4142011Assets 2012: $6,041,929Liabilities 2012: $3,492,784Net Assets 2012: $2,549,1452012Assets 2013: $5,836,604Liabilities 2013: $3,433,148Net Assets 2013: $2,403,4562013Assets 2014: $5,420,263Liabilities 2014: $3,309,423Net Assets 2014: $2,110,8402014Assets 2015: $5,534,300Liabilities 2015: $3,050,931Net Assets 2015: $2,483,3692015Assets 2016: $5,394,722Liabilities 2016: $2,668,993Net Assets 2016: $2,725,7292016Assets 2017: $5,136,807Liabilities 2017: $2,506,684Net Assets 2017: $2,630,1232017Assets 2018: $4,697,314Liabilities 2018: $2,351,534Net Assets 2018: $2,345,7802018Assets 2019: $4,526,584Liabilities 2019: $2,211,750Net Assets 2019: $2,314,8342019Assets 2020: $4,494,753Liabilities 2020: $2,061,657Net Assets 2020: $2,433,0962020Assets 2021: $4,313,946Liabilities 2021: $1,935,199Net Assets 2021: $2,378,7472021Assets 2022: $4,092,440Liabilities 2022: $1,785,099Net Assets 2022: $2,307,3412022Assets 2023: $4,000,699Liabilities 2023: $1,714,558Net Assets 2023: $2,286,1412023Assets 2024: $3,891,043Liabilities 2024: $1,624,465Net Assets 2024: $2,266,5782024

Highlighted filing

2022

Assets$4,092,440
Liabilities$1,785,099
Net Assets$2,307,341

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,344,159Expenses 2011: $1,075,318Net Income 2011: $268,8412011Revenue 2012: $899,287Expenses 2012: $1,246,556Net Income 2012: -$347,2692012Revenue 2013: $484,999Expenses 2013: $630,688Net Income 2013: -$145,6892013Revenue 2014: $441,478Expenses 2014: $734,094Net Income 2014: -$292,6162014Revenue 2015: $1,673,167Expenses 2015: $1,300,638Net Income 2015: $372,5292015Revenue 2016: $823,251Expenses 2016: $580,891Net Income 2016: $242,3602016Revenue 2017: $461,741Expenses 2017: $557,347Net Income 2017: -$95,6062017Revenue 2018: $455,682Expenses 2018: $740,025Net Income 2018: -$284,3432018Revenue 2019: $444,434Expenses 2019: $475,380Net Income 2019: -$30,9462019Revenue 2020: $555,603Expenses 2020: $437,341Net Income 2020: $118,2622020Revenue 2021: $357,951Expenses 2021: $412,301Net Income 2021: -$54,3502021Revenue 2022: $302,974Expenses 2022: $374,380Net Income 2022: -$71,4062022Revenue 2023: $385,230Expenses 2023: $406,430Net Income 2023: -$21,2002023Revenue 2024: $375,385Expenses 2024: $394,948Net Income 2024: -$19,5632024

Highlighted filing

2022

Revenue$302,974
Expenses$374,380
Net Income-$71,406
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 15, 2023
Return Version
2021v4.2
Gross Receipts
$302,974
Mission and Program Overview

Mission

Imagine foundation accumulates and raises funds for the establishment and maintenance of schools for children with autism and other disabilities, to involve parents of children with disabilities as participants, and to provide information and materials to the public relating to schools and programs developed by imagine academy.

To support schools helping children with autism and other disabilities, and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,798,000$3,628,870▼ $169,130
Cash and Non-Interest-Bearing Accounts$418,289$388,573▼ $29,716
Loans From Officers Directors$122,000$88,000▼ $34,000
Pledges and Grants Receivable$97,657$74,997▼ $22,660
Total Assets$4,313,946$4,092,440▼ $221,506
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,785,514$1,670,925▼ $114,589
Accounts Payable and Accrued Expenses$27,685$26,174▼ $1,511
Total Liabilities$1,935,199$1,785,099▼ $150,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,378,747$2,307,341▼ $71,406
Total Net Assets Fund Balance$2,378,747$2,307,341▼ $71,406
Total Liabilities and Net Assets / Fund Balance$4,313,946$4,092,440▼ $221,506

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,273,870$2,049,925$5,323,795
Land$355,000-$355,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
David JemalPresident
Heather DeutschPresident of Ladies Auxiliary
Rebecca HararyExecutive Vice President
Jeffrey DeutschVice President
Marvin DweckVice President
Wendy JemalVice President
Joseph M HararyAssistant Secretary
Susie DweckAssistant Secretary
Jane SuttonSecretary
Sam SuttonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$302,974
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$76,416
Change in Net Assets
$-71,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,525
Total Fundraising Expense$73,555
Salaries, Compensation, and Employee Benefits$53,855
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$166,515$7,240$7,240$180,995
Interest$72,326$4,813$8,504$85,643
Other Salaries and Wages--$48,855$48,855
Occupancy$26,576$1,156$1,156$28,888
Office Expenses-$10,699$2,800$13,499
Fees for Services Accounting-$11,500-$11,500
Payroll Taxes--$3,949$3,949
Other Employee Benefits--$1,051$1,051
Total Functional Expenses$265,417$35,408$73,555$374,380
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$122,000$88,000▼ $34,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following individuals have a family relationship: a)david j jemal and wendy jemal b)joseph m harary and rebecca harary c)jeffrey deutsch and heather deutsch d)marvin dweck and susie dweck e)sam sutton and jane sutton

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990 the tax return preparer sends the board of directors a draft copy of the completed tax return for review and comments. After the board of directors approves the return they notify the tax return preparer and a final version of the return is sent to the president. The president then signs the e-file authorization form and returns it to the tax return preparer. The tax return preparer then e-files the return.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy a conflict of interest attestation is signed annually by the directors and executive staff and is monitored by the board. Upon disclosure of a financial interest and all material facts, the interested person shall leave the board meeting while the remaining board members determine by means of a vote if a conflict of interest exists. The interested person can make a presentation to the board but subsequently he/she shall leave the meeting during the determination. If a conflict of interest does indeed exist, the president of the board shall appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board shall determine whether the organization can obtain with reasonable effort a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If an arrangement cannot reasonably be made with an entity without a conflict of interest then the board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interest of the organization. If the board has a reasonable cause to believe that a director, office or member of the executive staff has failed to disclose an actual or possible conflict of interest, it shall inform the individual of the basis for such belief and afford an opportunity to explain the alleged failure to disclose. If, after hearing the response and after making further investigation as warranted by the circumstances, the board determines that an individual who is subjected to this policy has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation upon request the public may view the organization's governing documents and related documents at the address located on page 1 of form 990.

Filing and Contact Details

Filer

Filer Name
Imagine Foundation Inc
EIN
20-2336717
Phone
7183768882
Address
1458 EAST 14TH STREET, BROOKLYN, NY 11230

Signing Officer

Name
David Jemal
Title
President
Phone
7183768882
Signed
2023-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Jemal
Formed
2005
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Roth & Company Llp
Address
1428 36TH STREET SUITE 200, BROOKLYN, NY 11218
Preparer
Zacharia Waxler
Phone
7182361600
Raw XML AppendixShowing 400 of 440 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt027685
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt026174
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT SCHOOLS HELPING CHILDREN WITH AUTISM AND OTHER DISABILITIES, AND THEIR FAMILIES.
IRS990/AllOtherContributionsAmt076416
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LEA BENSINGER CONTROLLER
IRS990/BooksInCareOfDetail/PhoneNum07183768882
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01458 EAST 14TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011230
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0418289
IRS990/CashNonInterestBearingGrp/EOYAmt0388573
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0302974
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0320525
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-71406
IRS990/CYSalariesCompEmpBnftPaidAmt053855
IRS990/CYTotalExpensesAmt0374380
IRS990/CYTotalFundraisingExpenseAmt073555
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0302974
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt07240
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt07240
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0166515
IRS990/DepreciationDepletionGrp/TotalAmt0180995
IRS990/Desc0TO RAISE FUNDS FOR THE MAINTENANCE AND DAY-TO-DAY ACTIVITIES OF DAY SCHOOLS DEDICATED TO PROVIDING SPECIAL EDUCATION FOR CHILDREN WITH AUTISM AND OTHER DISABLITIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0265417
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011500
IRS990/FeesForServicesAccountingGrp/TotalAmt011500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt06.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt91.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt06.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID JEMAL
IRS990/Form990PartVIISectionAGrp/PersonNm1SAM SUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm2REBECCA HARARY
IRS990/Form990PartVIISectionAGrp/PersonNm3JANE SUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm4JEFFREY DEUTSCH
IRS990/Form990PartVIISectionAGrp/PersonNm5MARVIN DWECK
IRS990/Form990PartVIISectionAGrp/PersonNm6WENDY JEMAL
IRS990/Form990PartVIISectionAGrp/PersonNm7JOSEPH M HARARY
IRS990/Form990PartVIISectionAGrp/PersonNm8SUSIE DWECK
IRS990/Form990PartVIISectionAGrp/PersonNm9HEATHER DEUTSCH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT OF LADIES AUXILIARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0184404
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0302974
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/FundraisingAmt08504
IRS990/InterestGrp/ManagementAndGeneralAmt04813
IRS990/InterestGrp/ProgramServicesAmt072326
IRS990/InterestGrp/TotalAmt085643
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02049925
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03798000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03628870
IRS990/LandBldgEquipCostOrOtherBssAmt05678795
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0122000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt088000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IMAGINE FOUNDATION ACCUMULATES AND RAISES FUNDS FOR THE ESTABLISHMENT AND MAINTENANCE OF SCHOOLS FOR CHILDREN WITH AUTISM AND OTHER DISABILITIES, TO INVOLVE PARENTS OF CHILDREN WITH DISABILITIES AS PARTICIPANTS, AND TO PROVIDE INFORMATION AND MATERIALS TO THE PUBLIC RELATING TO SCHOOLS AND PROGRAMS DEVELOPED BY IMAGINE ACADEMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01785514
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01670925
IRS990/NetAssetsOrFundBalancesBOYAmt02378747
IRS990/NetAssetsOrFundBalancesEOYAmt02307341
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02378747
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02307341
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01156
IRS990/OccupancyGrp/ManagementAndGeneralAmt01156
IRS990/OccupancyGrp/ProgramServicesAmt026576
IRS990/OccupancyGrp/TotalAmt028888
IRS990/OfficeExpensesGrp/FundraisingAmt02800
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010699
IRS990/OfficeExpensesGrp/TotalAmt013499
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01051
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01051
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048855
IRS990/OtherSalariesAndWagesGrp/TotalAmt048855
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03949
IRS990/PayrollTaxesGrp/TotalAmt03949
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt097657
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt074997
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID JEMAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0357951
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0325586
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-54350
IRS990/PYSalariesCompEmpBnftPaidAmt086715
IRS990/PYTotalExpensesAmt0412301
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0357951
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-71406
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt042154
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0302974
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0357951
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0555603
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0444434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0455682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02116644
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02116644
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0302974
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0357951
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0555603
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0444434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0455682
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02116644
IRS990ScheduleA/TotalSupportAmt02116644
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03273870
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02049925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05323795
IRS990ScheduleD/LandGrp/BookValueAmt0355000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0355000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03628870
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt048000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt140000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0240000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt140000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAVID JEMAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JEFFERY DEUTSCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt088000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING INDIVIDUALS HAVE A FAMILY RELATIONSHIP: A)DAVID J JEMAL AND WENDY JEMAL B)JOSEPH M HARARY AND REBECCA HARARY C)JEFFREY DEUTSCH AND HEATHER DEUTSCH D)MARVIN DWECK AND SUSIE DWECK E)SAM SUTTON AND JANE SUTTON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE TAX RETURN PREPARER SENDS THE BOARD OF DIRECTORS A DRAFT COPY OF THE COMPLETED TAX RETURN FOR REVIEW AND COMMENTS. AFTER THE BOARD OF DIRECTORS APPROVES THE RETURN THEY NOTIFY THE TAX RETURN PREPARER AND A FINAL VERSION OF THE RETURN IS SENT TO THE PRESIDENT. THE PRESIDENT THEN SIGNS THE E-FILE AUTHORIZATION FORM AND RETURNS IT TO THE TAX RETURN PREPARER. THE TAX RETURN PREPARER THEN E-FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCEMENT OF CONFLICTS POLICY A CONFLICT OF INTEREST ATTESTATION IS SIGNED ANNUALLY BY THE DIRECTORS AND EXECUTIVE STAFF AND IS MONITORED BY THE BOARD. UPON DISCLOSURE OF A FINANCIAL INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON SHALL LEAVE THE BOARD MEETING WHILE THE REMAINING BOARD MEMBERS DETERMINE BY MEANS OF A VOTE IF A CONFLICT OF INTEREST EXISTS. THE INTERESTED PERSON CAN MAKE A PRESENTATION TO THE BOARD BUT SUBSEQUENTLY HE/SHE SHALL LEAVE THE MEETING DURING THE DETERMINATION. IF A CONFLICT OF INTEREST DOES INDEED EXIST, THE PRESIDENT OF THE BOARD SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF AN ARRANGEMENT CANNOT REASONABLY BE MADE WITH AN ENTITY WITHOUT A CONFLICT OF INTEREST THEN THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION. IF THE BOARD HAS A REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR, OFFICE OR MEMBER OF THE EXECUTIVE STAFF HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM THE INDIVIDUAL OF THE BASIS FOR SUCH BELIEF AND AFFORD AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD DETERMINES THAT AN INDIVIDUAL WHO IS SUBJECTED TO THIS POLICY HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION UPON REQUEST THE PUBLIC MAY VIEW THE ORGANIZATION'S GOVERNING DOCUMENTS AND RELATED DOCUMENTS AT THE ADDRESS LOCATED ON PAGE 1 OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IMAGINE ACADEMY CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0710989980
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION FOR AUTISTIC CHILDREN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01458 EAST 14TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011230
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt042154
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt153855
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1PERCENTAGE OF PAYROLL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IMAGINE ACADEMY CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1IMAGINE ACADEMY CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04313946
IRS990/TotalAssetsEOYAmt04092440
IRS990/TotalAssetsGrp/BOYAmt04313946
IRS990/TotalAssetsGrp/EOYAmt04092440
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0302974
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt073555
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035408
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265417
IRS990/TotalFunctionalExpensesGrp/TotalAmt0374380
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01935199
IRS990/TotalLiabilitiesEOYAmt01785099
IRS990/TotalLiabilitiesGrp/BOYAmt01935199
IRS990/TotalLiabilitiesGrp/EOYAmt01785099
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02378747
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02307341
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0265417
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0302974
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04313946
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04092440
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd01
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01458 EAST 14TH STREET

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.89$1.62$2.27$0.38$0.39$0.02
2023Detailed filing. Detailed filing data is available for this year.$4.00$1.71$2.29$0.39$0.41$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.09$1.79$2.31$0.30$0.37$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.31$1.94$2.38$0.36$0.41$0.05
2020Detailed filing. Detailed filing data is available for this year.$4.49$2.06$2.43$0.56$0.44$0.12
2019Detailed filing. Detailed filing data is available for this year.$4.53$2.21$2.31$0.44$0.48$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.70$2.35$2.35$0.46$0.74$0.28
2017Detailed filing. Detailed filing data is available for this year.$5.14$2.51$2.63$0.46$0.56$0.10
2016Detailed filing. Detailed filing data is available for this year.$5.39$2.67$2.73$0.82$0.58$0.24
2015Detailed filing. Detailed filing data is available for this year.$5.53$3.05$2.48$1.67$1.30$0.37
2014Detailed filing. Detailed filing data is available for this year.$5.42$3.31$2.11$0.44$0.73$0.29
2013Summary only. Only limited summary data is available for this year.$5.84$3.43$2.40$0.48$0.63$0.15
2012Summary only. Only limited summary data is available for this year.$6.04$3.49$2.55$0.90$1.25$0.35
2011Summary only. Only limited summary data is available for this year.$6.38$3.48$2.90$1.34$1.08$0.27