Civic Intelligence

Imsa Fund for Advancement of Education

EIN 36-3422778 • 501(c)3 • Aurora, IL

Profile

To further math, science, & technology education through institutional advancement and support of programs of the illinois mathematics and science academy.

1500 Sullivan RoadAurora, IL 60506-1000

www.imsa.edu/GIVING

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

95th percentile

73%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

4th percentile

-57%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$18,618,033

Up $6,535,055 (+54%) from 2023

Liabilities

Up

$10,119

Up $1,249 (+14%) from 2023

Net Assets

Up

$18,607,914

Up $6,533,806 (+54%) from 2023

Operations
Liabilities / Revenue9th percentileNet Margin95th percentile

Revenue

Up

$6,264,097

Up $5,092,192 (+435%) from 2023

Expenses

Down

$624,819

Down $127,279 (-17%) from 2023

Net Income

Up

$5,639,278

Up $5,219,471 (+1243%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $3,799,314Liabilities 2010: $38,931Net Assets 2010: $3,760,3832010Assets 2012: $5,708,696Liabilities 2012: $25,587Net Assets 2012: $5,683,1092012Assets 2013: $6,084,202Liabilities 2013: $23,808Net Assets 2013: $6,060,3942013Assets 2014: $7,534,170Liabilities 2014: $527,752Net Assets 2014: $7,006,4182014Assets 2015: $10,263,347Liabilities 2015: $1,012,809Net Assets 2015: $9,250,5382015Assets 2016: $10,246,658Liabilities 2016: $17,619Net Assets 2016: $10,229,0392016Assets 2017: $9,447,016Liabilities 2017: $20,577Net Assets 2017: $9,426,4392017Assets 2018: $8,600,102Liabilities 2018: $12,977Net Assets 2018: $8,587,1252018Assets 2019: $8,801,523Liabilities 2019: $6,124Net Assets 2019: $8,795,3992019Assets 2020: $10,006,134Liabilities 2020: $26,550Net Assets 2020: $9,979,5842020Assets 2021: $12,564,523Liabilities 2021: $20,336Net Assets 2021: $12,544,1872021Assets 2022: $10,937,420Liabilities 2022: $17,847Net Assets 2022: $10,919,5732022Assets 2023: $12,082,978Liabilities 2023: $8,870Net Assets 2023: $12,074,1082023Assets 2024: $18,618,033Liabilities 2024: $10,119Net Assets 2024: $18,607,9142024

Highlighted filing

2024

Assets$18,618,033
Liabilities$10,119
Net Assets$18,607,914
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,193,1522010Expenses 2012: $1,179,7722012Expenses 2013: $1,116,8832013Revenue 2014: $1,816,679Expenses 2014: $1,275,934Net Income 2014: $540,7452014Revenue 2015: $3,467,818Expenses 2015: $1,404,496Net Income 2015: $2,063,3222015Revenue 2016: $3,627,830Expenses 2016: $1,512,261Net Income 2016: $2,115,5692016Revenue 2017: $1,332,360Expenses 2017: $2,470,633Net Income 2017: -$1,138,2732017Revenue 2018: $1,203,970Expenses 2018: $2,229,335Net Income 2018: -$1,025,3652018Revenue 2019: $1,989,442Expenses 2019: $1,950,242Net Income 2019: $39,2002019Revenue 2020: $1,999,548Expenses 2020: $882,818Net Income 2020: $1,116,7302020Revenue 2021: $1,275,055Expenses 2021: $653,292Net Income 2021: $621,7632021Revenue 2022: $1,161,298Expenses 2022: $662,197Net Income 2022: $499,1012022Revenue 2023: $1,171,905Expenses 2023: $752,098Net Income 2023: $419,8072023Revenue 2024: $6,264,097Expenses 2024: $624,819Net Income 2024: $5,639,2782024

Highlighted filing

2024

Revenue$6,264,097
Expenses$624,819
Net Income$5,639,278
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,618,033
Liabilities
$10,119
Net assets
$18,607,914
Revenue
$6,264,097
Expenses
$624,819
Net income
$5,639,278
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.6$0.01$18.6$6.26$0.62$5.64
2023Detailed filing. Detailed filing data is available for this year.$12.1$0.01$12.1$1.17$0.75$0.42
2022Detailed filing. Detailed filing data is available for this year.$10.9$0.02$10.9$1.16$0.66$0.50
2021Detailed filing. Detailed filing data is available for this year.$12.6$0.02$12.5$1.28$0.65$0.62
2020Detailed filing. Detailed filing data is available for this year.$10.0$0.03$9.98$2.00$0.88$1.12
2019Detailed filing. Detailed filing data is available for this year.$8.80$0.01$8.80$1.99$1.95$0.04
2018Detailed filing. Detailed filing data is available for this year.$8.60$0.01$8.59$1.20$2.23$1.03
2017Detailed filing. Detailed filing data is available for this year.$9.45$0.02$9.43$1.33$2.47$1.14
2016Detailed filing. Detailed filing data is available for this year.$10.2$0.02$10.2$3.63$1.51$2.12
2015Detailed filing. Detailed filing data is available for this year.$10.3$1.01$9.25$3.47$1.40$2.06
2014Detailed filing. Detailed filing data is available for this year.$7.53$0.53$7.01$1.82$1.28$0.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.08$0.02$6.06$1.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$0.03$5.68$1.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$0.04$3.76$1.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 21, 2025
Return Version
2023v6.0
Gross Receipts
$7,056,883
Mission and Program Overview

Mission

To further math, science, & technology education through institutional advancement and support of programs of the illinois mathematics and science academy.

To further education through support of programs of the illinois mathematics and science academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,228,515$12,911,073▲ $1,682,558
Pledges and Grants Receivable-$4,763,211-
Savings and Temporary Cash Investments$788,761$891,748▲ $102,987
Accounts Receivable$42,792$29,026▼ $13,766
Total Assets$12,082,978$18,618,033▲ $6,535,055
Other Assets Total$22,910$22,975▲ $65
Liabilities
Accounts Payable and Accrued Expenses$8,870$10,119▲ $1,249
Total Liabilities$8,870$10,119▲ $1,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,010,460$10,164,702▲ $1,154,242
Net Assets With Donor Restrictions$3,063,648$8,443,212▲ $5,379,564
Total Net Assets Fund Balance$12,074,108$18,607,914▲ $6,533,806
Total Liabilities and Net Assets / Fund Balance$12,082,978$18,618,033▲ $6,535,055

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$9,229,974-▲ $1,278,342$178,294$10,330,022
2022$8,356,029-▲ $1,079,744$205,799$9,229,974
2021$9,855,427$156,775▼ $1,520,211$135,962$8,356,029
2020$7,257,062$334,101▲ $2,362,744$98,480$9,855,427
2019$6,496,051$326,008▲ $575,326$140,323$7,257,062
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Jacob PlummerPresident
Kimberly SimonVice President
Hector CorreaDirector
Michael FountainDirector
Raj TankDirector
Richard TungDirector
Sam YaganDirector
Sharon ZengDirector
Steve CrutchfieldDirector
Kevin BrookinsSecretary
Matt MaddoxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,686,957
Program Service Revenue
$0
Investment Income
$577,140
Other Revenue
$0
All Other Contributions
$5,686,957
Change in Net Assets
$5,639,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,264,097
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,212,334
Total Revenue per Audited Statements
$7,476,431
Total Revenue per Form 990
$6,264,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$433,541
Other Expenses$191,278
Total Fundraising Expense$39,552
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$423,151--$423,151
Fees for Service Investment Mgmnt Fees-$38,998$5,601$44,599
Fees for Services Other$100$26,040$18,216$44,356
Office Expenses$1,496$581$15,294$17,371
Other Expenses$14,754$16,960-$14,754
Grants to Domestic Individuals$10,390--$10,390
Travel$5,715$30-$5,745
Insurance-$4,440-$4,440
All Other Expenses$4,402--$4,402
Conferences and Meetings$2,321$269$251$2,841
Advertising--$190$190
Total Functional Expenses$497,949$87,318$39,552$624,819

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$942,625
Expenses per Audited Statements$624,819
Total Expenses per Form 990$624,819
Expenses Not Reported on Form 990$317,806
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Illinois Mathematics and Science AcademyAurora, IL501(c)(3)Provide Academic Support$423,151
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The 990 is reviewed by the finance manager and made available for review by the imsa fund board and treasurer.”

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

“Directors are required to file a signed statement regarding conflict of interests and compliance with the policy is reviewed annually”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies and 990 filings are available upon request.”

Filing and Contact Details

Filer

Filer Name
Imsa Fund for Advancement of Education
EIN
36-3422778
Phone
6309075681
Address
1500 SULLIVAN ROAD, AURORA, IL 60506-1000

Signing Officer

Name
Jacob Plummer
Title
President
Phone
6309075681
Signed
2025-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Plummer
Formed
1986
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Sikich LLC
Address
1415 W DIEHL RD SUITE 400, NAPERVILLE, IL 60563-2349
Preparer
Heather Bonifas CPA
Phone
6305668400
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Earnings intended to benefit specific programs in accordance with donor wishes”

PART X, LINE 2:

“Imsa fund for advancement of education is a non-profit organization, which has been granted a tax-exempt status as a public charity under section 501(c) (3) of the internal revenue code. The fund is required to pay federal and state income taxes only on its net unrelated business income. A provision for income taxes was not required for the years ended june 30, 2024 and 2023.”

Raw XML AppendixShowing 400 of 473 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.

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IRS990/Desc0EDUCATIONAL PROGRAMS - IMSA FUND SUPPORTS PROFESSIONAL DEVELOPMENT AND STUDENT ENRICHMENT FOR ILLINOIS SCHOOLS, TEACHERS, AND COMMUNITIES THROUGH PROGRAMS THAT DEVELOP TALENT AND LEADERSHIP IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS). PROFESSIONAL DEVELOPMENT IN PARTNERSHIP WITH SCHOOLS FOR TEACHERS INCLUDE: PROBLEM-BASED LEARNING, IMSA FUSION, AND INQUIRY-BASED MATH AND SCIENCE TEACHING. STUDENT ENRICHMENT PROGRAMS INCLUDE SUMMER AND WEEKEND PROGRAMS AS WELL AS ONLINE AND AFTER-SCHOOL LEARNING ACTIVITIES SUCH AS FUSION AND ALLIES. ALL PROGRAMS HAVE AN EMPHASIS ON SERVING STUDENTS HISTORICALLY UNDERREPRESENTED AND UNDERSERVED IN MATH AND SCIENCE (APPROXIMATED 7,500 STUDENTS AND TEACHERS).
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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04440
IRS990/InsuranceGrp/TotalAmt04440
IRS990/InvestmentIncomeGrp/ExclusionAmt0450755
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0450755
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011228515
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012911073
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0792786
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FURTHER MATH, SCIENCE, & TECHNOLOGY EDUCATION THROUGH INSTITUTIONAL ADVANCEMENT AND SUPPORT OF PROGRAMS OF THE ILLINOIS MATHEMATICS AND SCIENCE ACADEMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012074108
IRS990/NetAssetsOrFundBalancesEOYAmt018607914
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0126385
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0126385
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0894528
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09010460
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010164702
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt015294
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0581
IRS990/OfficeExpensesGrp/ProgramServicesAmt01496
IRS990/OfficeExpensesGrp/TotalAmt017371
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022910
IRS990/OtherAssetsTotalGrp/EOYAmt022975
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ALUMNI ASSOCIATION EXPE
IRS990/OtherExpensesGrp/Desc1EQUIPMENT/LICENSE FEE
IRS990/OtherExpensesGrp/Desc2PARENTS COUNCIL EXPENSE
IRS990/OtherExpensesGrp/Desc3PRESIDENTS FUND
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016960
IRS990/OtherExpensesGrp/ProgramServicesAmt020000
IRS990/OtherExpensesGrp/ProgramServicesAmt1600
IRS990/OtherExpensesGrp/ProgramServicesAmt215020
IRS990/OtherExpensesGrp/ProgramServicesAmt314754
IRS990/OtherExpensesGrp/TotalAmt020000
IRS990/OtherExpensesGrp/TotalAmt117560
IRS990/OtherExpensesGrp/TotalAmt215020
IRS990/OtherExpensesGrp/TotalAmt314754
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04763211
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JACOB PLUMMER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0GIFTED EDUCATION, GENERAL/OTHER - IMSA FUND SUPPORTS THE ADVANCED RESIDENTIAL COLLEGE PREPARATORY PROGRAM OF THE ILLINOIS MATHEMATICS AND SCIENCE ACADEMY WHICH INCLUDES STUDENT INQUIRY AND RESEARCH, LEADERSHIP DEVELOPMENT, FACULTY DEVELOPMENT, SCHOLARSHIPS, MINORITY RECRUITMENT AND RETENTION, LEARNING ASSESSMENT, CURRICULUM DEVELOPMENT AND ENTREPRENEURIAL INITIATIVES. THE EMPHASIS IS ON ENABLING ACADEMICALLY TALENTED STUDENTS TO REACH EXCEPTIONAL LEVELS OF ACHIEVEMENT IN MATH, SCIENCE, AND TECHNOLOGY (650 RESIDENTIAL STUDENTS).
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010390
IRS990/ProgSrvcAccomActy2Grp/GrantAmt010390
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0910391
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0562437
IRS990/PYInvestmentIncomeAmt0261514
IRS990/PYOtherExpensesAmt0189661
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0419807
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0752098
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01171905
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05639278
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0788761
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0891748
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05686957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0910391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0759114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0855151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01604743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09816356
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0317806
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0297468
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0282505
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0237637
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0277021
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt01412437
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0450755
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0371822
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0365624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0273221
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0206015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01667437
IRS990ScheduleA/PublicSupportCY170Pct00.44670
IRS990ScheduleA/PublicSupportPY170Pct00.67870
IRS990ScheduleA/PublicSupportTotal170Amt05760293
IRS990ScheduleA/SubstantialContributorsTotAmt05468500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06004763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01207859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01041619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01092788
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01881764
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011228793
IRS990ScheduleA/TotalSupportAmt012896230
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/BoardDesignatedBalanceEOYPct00.80480
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt09229974
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt010330022
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01278342
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0178294
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt08356029
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt09229974
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01079744
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0205799
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt09855427
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0156775
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt08356029
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1520211
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0135962
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07257062
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0334101
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt09855427
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02362744
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt098480
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06496051
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0326008
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07257062
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0575326
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0140323
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0317806
IRS990ScheduleD/DonatedServicesUseFcltsAmt0317806
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0317806
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0624819
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0894528
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.19520
IRS990ScheduleD/RevenueNotReportedAmt01212334
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06264097
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EARNINGS INTENDED TO BENEFIT SPECIFIC PROGRAMS IN ACCORDANCE WITH DONOR WISHES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IMSA FUND FOR ADVANCEMENT OF EDUCATION IS A NON-PROFIT ORGANIZATION, WHICH HAS BEEN GRANTED A TAX-EXEMPT STATUS AS A PUBLIC CHARITY UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE FUND IS REQUIRED TO PAY FEDERAL AND STATE INCOME TAXES ONLY ON ITS NET UNRELATED BUSINESS INCOME. A PROVISION FOR INCOME TAXES WAS NOT REQUIRED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0624819
IRS990ScheduleD/TotalRevenuePerForm990Amt06264097
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07476431
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0942625
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010390
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS & AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/RecipientTable/CashGrantAmt0423151
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE ACADEMIC SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ILLINOIS MATHEMATICS AND SCIENCE ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0363422943
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01500 W SULLIVAN RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AURORA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060506
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD MONITORS THE USE OF THE FUNDS BY THE RELATED ENTITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE FINANCE MANAGER AND MADE AVAILABLE FOR REVIEW BY THE IMSA FUND BOARD AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE REQUIRED TO FILE A SIGNED STATEMENT REGARDING CONFLICT OF INTERESTS AND COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES AND 990 FILINGS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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