Civic Intelligence

Imagine Academy Corporation

990 • Fiscal year 2015 • EIN 71-0989980

Jul 01, 2014 to Jun 30, 2015 • Filed on May 02, 2016

1458 East 14th StreetBrooklyn, NY 11230

(718) 376-8882

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,882,228

Up $511,060 (+37%) from 2014

Net Assets

Up

$1,848,166

Up $599,694 (+48%) from 2014

Liabilities

Down

$34,062

Down $88,634 (-72%) from 2014

Revenue And Expenses

Revenue

Up

$3,151,670

Up $894,014 (+40%) from 2014

Expenses

Up

$2,551,976

Up $588,124 (+30%) from 2014

Net Income

Up

$599,694

Up $305,890 (+104%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $531,561Liabilities 2010: $163,132Net Assets 2010: $368,4292010Assets 2011: $689,107Liabilities 2011: $212,257Net Assets 2011: $476,8502011Assets 2012: $1,048,687Liabilities 2012: $245,731Net Assets 2012: $802,9562012Assets 2013: $1,093,518Liabilities 2013: $138,850Net Assets 2013: $954,6682013Assets 2014: $1,371,168Liabilities 2014: $122,696Net Assets 2014: $1,248,4722014Assets 2015: $1,882,228Liabilities 2015: $34,062Net Assets 2015: $1,848,1662015Assets 2016: $1,913,941Liabilities 2016: $147,857Net Assets 2016: $1,766,0842016Assets 2017: $2,460,344Liabilities 2017: $229,773Net Assets 2017: $2,230,5712017Assets 2018: $3,090,282Liabilities 2018: $149,031Net Assets 2018: $2,941,2512018Assets 2019: $3,496,675Liabilities 2019: $118,085Net Assets 2019: $3,378,5902019Assets 2020: $4,513,910Liabilities 2020: $294,237Net Assets 2020: $4,219,6732020Assets 2021: $5,921,207Liabilities 2021: $143,437Net Assets 2021: $5,777,7702021Assets 2022: $7,097,393Liabilities 2022: $147,061Net Assets 2022: $6,950,3322022Assets 2023: $7,955,971Liabilities 2023: $171,520Net Assets 2023: $7,784,4512023Assets 2024: $8,846,378Liabilities 2024: $225,771Net Assets 2024: $8,620,6072024

Highlighted filing

2015

Assets$1,882,228
Liabilities$34,062
Net Assets$1,848,166

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,480,5962010Expenses 2011: $1,981,5492011Expenses 2012: $1,950,9202012Expenses 2013: $1,852,8982013Revenue 2014: $2,257,656Expenses 2014: $1,963,852Net Income 2014: $293,8042014Revenue 2015: $3,151,670Expenses 2015: $2,551,976Net Income 2015: $599,6942015Revenue 2016: $3,207,793Expenses 2016: $3,289,875Net Income 2016: -$82,0822016Revenue 2017: $3,755,000Expenses 2017: $3,290,513Net Income 2017: $464,4872017Revenue 2018: $4,347,965Expenses 2018: $3,637,285Net Income 2018: $710,6802018Revenue 2019: $4,156,384Expenses 2019: $3,719,045Net Income 2019: $437,3392019Revenue 2020: $4,929,048Expenses 2020: $4,087,965Net Income 2020: $841,0832020Revenue 2021: $5,391,759Expenses 2021: $3,585,969Net Income 2021: $1,805,7902021Revenue 2022: $5,903,000Expenses 2022: $4,518,438Net Income 2022: $1,384,5622022Revenue 2023: $5,871,012Expenses 2023: $5,036,893Net Income 2023: $834,1192023Revenue 2024: $6,654,723Expenses 2024: $5,818,567Net Income 2024: $836,1562024

Highlighted filing

2015

Revenue$3,151,670
Expenses$2,551,976
Net Income$599,694
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 2, 2016
Return Version
2014v6.0
Gross Receipts
$3,151,670
Mission and Program Overview

Mission

Imagine academy is a non-profit organization that is dedicated to maintaining and running the day-to-day activities of a day school for children with autism and other disabilities.

Imagine academy provides special education for children with autism and other disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,166,383$1,376,747▲ $210,364
Cash and Non-Interest-Bearing Accounts$147,003$426,631▲ $279,628
Land, Buildings, and Equipment, Net$57,782$73,750▲ $15,968
Prepaid Expenses and Deferred Charges-$5,100-
Total Assets$1,371,168$1,882,228▲ $511,060
Liabilities
Accounts Payable and Accrued Expenses$57,708$29,062▼ $28,646
Deferred Revenue$64,988$5,000▼ $59,988
Total Liabilities$122,696$34,062▼ $88,634
Net Assets / Fund Balance
Unrestricted Net Assets$1,248,472$1,848,166▲ $599,694
Total Net Assets Fund Balance$1,248,472$1,848,166▲ $599,694
Total Liabilities and Net Assets / Fund Balance$1,371,168$1,882,228▲ $511,060

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$73,750$179,903$253,653
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elisa ChremPrincipalFT$98,069$98,069

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
Susie DweckAssistant Secretary
Joseph M HararyAssistant Treasurer
Jane SuttonSecretary
Sam SuttonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$281,170
Program Service Revenue
$2,870,500
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$599,694

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,870,500
Revenue Not Reported on Financial Statements
$281,170
Revenue Not Reported on Form 990
$1,673,167
Other Revenue Adjustments
$281,170
Total Revenue per Audited Statements
$4,543,667
Total Revenue per Form 990
$3,151,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,870,950
Other Expenses$681,026
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,533,071$80,553-$1,613,624
Other Expenses-$450,000-$450,000
Payroll Taxes$121,450$5,912-$127,362
Current Officers, Directors, Trustees, and Key Employees$121,221--$121,221
Office Expenses$46,468$15,334-$61,802
Travel$33,345--$33,345
All Other Expenses$23,661$8,364-$32,025
Occupancy$28,076$2,441-$30,517
Depreciation Depletion$25,521$1,061-$26,582
Insurance$22,758--$22,758
Fees for Services Accounting-$12,000-$12,000
Other Employee Benefits$8,340$403-$8,743
Fees for Services Other$1,000$6,025-$7,025
Conferences and Meetings$4,295--$4,295
Advertising$677--$677
Total Functional Expenses$1,969,883$582,093$0$2,551,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,571,444
Expenses per Audited Statements$2,551,976
Total Expenses per Form 990$2,551,976
Expenses Not Reported on Form 990$1,019,468
Expenses Not Reported on Financial Statements$0
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 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 11

The 990 is emailed to the board for review prior to submission to the irs. Any questions are addressed to the president, treasurer and/or the controller. After the issue has been resolved, the 990 is e-filed.

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

A conflict of interest attestation is signed annually by its 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 chairperson 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 academy can obtain with reasonable efforts 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, 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 academy. If the board has a reasonable cause to believe that a director, officer 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

The governing documents and financials statements are maintained at the organization's offices and are available upon request. The 990 is available at the organization's office.

Filing and Contact Details

Filer

Filer Name
Imagine Academy Corporation
EIN
71-0989980
Phone
7183768882
Address
1458 EAST 14TH STREET, BROOKLYN, NY 11230

Signing Officer

Name
David Jemal
Title
President
Phone
7183768882
Signed
2016-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Jemal
Formed
2005
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
57
Volunteers
10

Preparer

Firm
Loeb & Troper Llp
Address
655 THIRD AVENUE 12TH FLOOR, NEW YORK, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The school has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending june 30, 2012 and subsequent remain subject to examination by applicable taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenues of related entity 1,673,167.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Transfer from related organization 281,170.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses of related entity 1,019,468.

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0403
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08743
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0450000
IRS990/OtherExpensesGrp/TotalAmt0450000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080553
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01533071
IRS990/OtherSalariesAndWagesGrp/TotalAmt01613624
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05912
IRS990/PayrollTaxesGrp/ProgramServicesAmt0121450
IRS990/PayrollTaxesGrp/TotalAmt0127362
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05100
IRS990/PrincipalOfficerNm0DAVID JEMAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02870500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02870500
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES AFTER-SCHOOL ACTIVITIES FOR 14 CHILDREN WITH AUTISM AND OTHER DISABILITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0153531
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0233406
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0342308
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02024250
IRS990/PYRevenuesLessExpensesAmt0293804
IRS990/PYSalariesCompEmpBnftPaidAmt01621544
IRS990/PYTotalExpensesAmt01963852
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02257656
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0599694
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt0281170
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02870500
IRS990ScheduleA/SchoolInd0X
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/EquipmentGrp/BookValueAmt073750
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0179903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0253653
IRS990ScheduleD/ExpensesNotReportedAmt01019468
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02551976
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt01019468
IRS990ScheduleD/OtherRevenueAmt01673167
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0281170
IRS990ScheduleD/RevenueNotReportedAmt01673167
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0281170
IRS990ScheduleD/RevenueSubtotalAmt02870500
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2012 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUES OF RELATED ENTITY 1,673,167.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TRANSFER FROM RELATED ORGANIZATION 281,170.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES OF RELATED ENTITY 1,019,468.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073750
IRS990ScheduleD/TotalExpensesPerForm990Amt02551976
IRS990ScheduleD/TotalRevenuePerForm990Amt03151670
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04543667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03571444
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0IMAGINE ACADEMY ADVERTISES IN NY PARENT MAGAZINE AS WELL AS WITH GOOGLE ADS, THESE ADVERTISEMENTS INCLUDE A NOTICE OF THEIR RACIALLY NONDISCRIMINATORY POLICY. THE POLICY CAN ALSO BE FOUND ON THEIR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
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/ExplanationTxt1THE 990 IS EMAILED TO THE BOARD FOR REVIEW PRIOR TO SUBMISSION TO THE IRS. ANY QUESTIONS ARE ADDRESSED TO THE PRESIDENT, TREASURER AND/OR THE CONTROLLER. AFTER THE ISSUE HAS BEEN RESOLVED, THE 990 IS E-FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A CONFLICT OF INTEREST ATTESTATION IS SIGNED ANNUALLY BY ITS 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 CHAIRPERSON 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 ACADEMY CAN OBTAIN WITH REASONABLE EFFORTS 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, 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 ACADEMY. IF THE BOARD HAS A REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR, OFFICER 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/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIALS STATEMENTS ARE MAINTAINED AT THE ORGANIZATION'S OFFICES AND ARE AVAILABLE UPON REQUEST. THE 990 IS AVAILABLE AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0IMAGINE ACADEMY CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IMAGINE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0202336717
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FUNDRAISING TO SUPPORT IMAGINE ACADEMY CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
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/InvolvedAmt0281170
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IMAGINE FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01371168

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.85$0.23$8.62$6.65$5.82$0.84
2023Detailed filing. Detailed filing data is available for this year.$7.96$0.17$7.78$5.87$5.04$0.83
2022Detailed filing. Detailed filing data is available for this year.$7.10$0.15$6.95$5.90$4.52$1.38
2021Detailed filing. Detailed filing data is available for this year.$5.92$0.14$5.78$5.39$3.59$1.81
2020Detailed filing. Detailed filing data is available for this year.$4.51$0.29$4.22$4.93$4.09$0.84
2019Detailed filing. Detailed filing data is available for this year.$3.50$0.12$3.38$4.16$3.72$0.44
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.15$2.94$4.35$3.64$0.71
2017Detailed filing. Detailed filing data is available for this year.$2.46$0.23$2.23$3.76$3.29$0.46
2016Detailed filing. Detailed filing data is available for this year.$1.91$0.15$1.77$3.21$3.29$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.88$0.03$1.85$3.15$2.55$0.60
2014Detailed filing. Detailed filing data is available for this year.$1.37$0.12$1.25$2.26$1.96$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.14$0.95$1.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.25$0.80$1.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.21$0.48$1.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.16$0.37$1.48