Civic Intelligence

Imsa Educational Foundation

990 • Fiscal year 2021 • EIN 75-2257186

May 01, 2020 to Apr 30, 2021 • Filed on Oct 31, 2021

Organization Profilewww.imsaef.org
PO Box 146Center Harbor, NH 03226-0146

(603) 253-3040

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

88th percentile

53%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

40th percentile

4.9%

Faster asset growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$2,034,510

Up $95,950 (+4.9%) from 2020

Net Assets

Up

$2,033,933

Up $97,865 (+5.1%) from 2020

Liabilities

Down

$577

Down $1,915 (-77%) from 2020

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin88th percentile

Revenue

Down

$185,024

Down $206,861 (-53%) from 2020

Expenses

Down

$87,159

Down $62,550 (-42%) from 2020

Net Income

Down

$97,865

Down $144,311 (-60%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $898,370Liabilities 2012: $48,000Net Assets 2012: $850,3702012Assets 2013: $1,040,053Liabilities 2013: $31,518Net Assets 2013: $1,008,5352013Assets 2014: $976,586Liabilities 2014: $5,147Net Assets 2014: $971,4392014Assets 2015: $889,714Liabilities 2015: $1,691Net Assets 2015: $888,0232015Assets 2016: $1,065,446Liabilities 2016: $2,492Net Assets 2016: $1,062,9542016Assets 2017: $1,219,251Liabilities 2017: $492Net Assets 2017: $1,218,7592017Assets 2018: $1,433,182Liabilities 2018: $1,929Net Assets 2018: $1,431,2532018Assets 2019: $1,695,391Liabilities 2019: $1,499Net Assets 2019: $1,693,8922019Assets 2020: $1,938,560Liabilities 2020: $2,492Net Assets 2020: $1,936,0682020Assets 2021: $2,034,510Liabilities 2021: $577Net Assets 2021: $2,033,9332021Assets 2022: $2,036,450Liabilities 2022: $2,106Net Assets 2022: $2,034,3442022Assets 2023: $1,815,027Liabilities 2023: $0Net Assets 2023: $1,815,0272023Assets 2024: $1,360,082Liabilities 2024: $0Net Assets 2024: $1,360,0822024Assets 2025: $1,027,045Liabilities 2025: $0Net Assets 2025: $1,027,0452025

Highlighted filing

2021

Assets$2,034,510
Liabilities$577
Net Assets$2,033,933
Open 2021 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.0M$500K$0-$500KRevenue 2012: $204,009Expenses 2012: $91,887Net Income 2012: $112,1222012Revenue 2013: $242,127Expenses 2013: $83,962Net Income 2013: $158,1652013Revenue 2014: $163,025Expenses 2014: $200,121Net Income 2014: -$37,0962014Revenue 2015: $181,434Expenses 2015: $264,850Net Income 2015: -$83,4162015Revenue 2016: $324,312Expenses 2016: $149,381Net Income 2016: $174,9312016Revenue 2017: $301,851Expenses 2017: $146,046Net Income 2017: $155,8052017Revenue 2018: $306,521Expenses 2018: $94,027Net Income 2018: $212,4942018Revenue 2019: $378,621Expenses 2019: $115,982Net Income 2019: $262,6392019Revenue 2020: $391,885Expenses 2020: $149,709Net Income 2020: $242,1762020Revenue 2021: $185,024Expenses 2021: $87,159Net Income 2021: $97,8652021Revenue 2022: $314,696Expenses 2022: $314,285Net Income 2022: $4112022Revenue 2023: $363,798Expenses 2023: $583,115Net Income 2023: -$219,3172023Revenue 2024: $94,686Expenses 2024: $449,631Net Income 2024: -$354,9452024Revenue 2025: $105,571Expenses 2025: $434,306Net Income 2025: -$328,7352025

Highlighted filing

2021

Revenue$185,024
Expenses$87,159
Net Income$97,865
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Oct 31, 2021
Return Version
2020v4.1
Gross Receipts
$185,024
Mission and Program Overview

Mission

To improve the competency and efficiency of individuals tasked with the design, installation, and maintenance of public safety systems and operations.

Development of training and certification courses for individuals involved in various public safety technical fields

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,766,931$1,872,893▲ $105,962
Other Notes and Loans Receivable, Net$140,000$120,000▼ $20,000
Cash and Non-Interest-Bearing Accounts$31,629$35,987▲ $4,358
Prepaid Expenses and Deferred Charges-$5,630-
Total Assets$1,938,560$2,034,510▲ $95,950
Liabilities
Accounts Payable and Accrued Expenses$2,492$577▼ $1,915
Total Liabilities$2,492$577▼ $1,915
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,936,068$2,033,933▲ $97,865
Total Net Assets Fund Balance$1,936,068$2,033,933▲ $97,865
Total Liabilities and Net Assets / Fund Balance$1,938,560$2,034,510▲ $95,950
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Ted GilfertPresident
Hans KristensenDirector
Jeffrey KnightDirector
Mario BullhoesDirector
Steve ParduhDirector
Timothy M SoverinoDirector
Douglas M AikenSecretary/treasurer
Carl ZabelVice Presiden
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$161,478
Investment Income
$23,546
Other Revenue
$0
Change in Net Assets
$97,865

Audited Revenue Reconciliation

Revenue per Audited Statements
$185,024
Total Revenue per Audited Statements
$185,024
Total Revenue per Form 990
$185,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,537
Salaries, Compensation, and Employee Benefits$32,622
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$29,700-$29,700
Office Expenses$63$16,735-$16,798
Occupancy-$12,639-$12,639
Insurance-$6,757-$6,757
Fees for Services Other-$6,388-$6,388
Fees for Services Accounting-$5,033-$5,033
Conferences and Meetings$369$4,221-$4,590
Payroll Taxes-$2,922-$2,922
Travel-$2,332-$2,332
Total Functional Expenses$432$86,727$0$87,159

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$87,159
Total Expenses per Audited Statements$87,159
Total Expenses per Form 990$87,159
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 11

“Governing documents are made available upon request”

Form 990, Part VI, Section C, Line 19

“Form 990 is reviewed by the secretary/treasurer and then made available to the other board members prior to filing”

Filing and Contact Details

Filer

Filer Name
Imsa Educational Foundation
EIN
75-2257186
Phone
6032533040
Address
PO BOX 146, CENTER HARBOR, NH 03226-0146

Signing Officer

Name
Douglas M Aiken
Title
Treasurer
Signed
2021-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ted Gilfert
Formed
1974
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
9

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Financial Statement Notes

X 2

“The foundation is organized exclusively for tax-exempt charitable and educational purposes within the meaning of section 501a and section 501c3 of the internal revenue code of 1954, as amended. The foundation is not a private foundation within the meaning of internal revenue code section 509a. During the years ended april 30, 2021 and 2020, the foundation had no unrelated business income and therefore, no provision for income taxes is made in the accompanying financial statements. Contributions to the foundation are deductible as allowed under section 170blavi of the code.”

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0322175
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR TAX-EXEMPT CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501A AND SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED. THE FOUNDATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 509A. DURING THE YEARS ENDED APRIL 30, 2021 AND 2020, THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME AND THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. CONTRIBUTIONS TO THE FOUNDATION ARE DEDUCTIBLE AS ALLOWED UNDER SECTION 170BLAVI OF THE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
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IRS990ScheduleD/TotalRevenuePerForm990Amt0185024
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE SECRETARY/TREASURER AND THEN MADE AVAILABLE TO THE OTHER BOARD MEMBERS PRIOR TO FILING
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS M AIKEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMSA EDUCATIONAL FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alta CPA Group
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt059 Franklin St 2nd Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Annapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021401
ReturnHeader/PreparerPersonGrp/PhoneNum04103495101
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey Griffith
ReturnHeader/ReturnTs02021-11-01T08:32:01-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-05-01
ReturnHeader/TaxPeriodEndDt02021-04-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,034,510
Liabilities
$577
Net assets
$2,033,933
Revenue
$185,024
Expenses
$87,159
Net income
$97,865
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.11$0.43$0.33
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.09$0.45$0.35
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.36$0.58$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.03$0.31$0.31$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$0.19$0.09$0.10
2020Summary only. Only limited summary data is available for this year.$1.94$0.00$1.94$0.39$0.15$0.24
2019Summary only. Only limited summary data is available for this year.$1.70$0.00$1.69$0.38$0.12$0.26
2018Summary only. Only limited summary data is available for this year.$1.43$0.00$1.43$0.31$0.09$0.21
2017Summary only. Only limited summary data is available for this year.$1.22$0.00$1.22$0.30$0.15$0.16
2016Summary only. Only limited summary data is available for this year.$1.07$0.00$1.06$0.32$0.15$0.17
2015Summary only. Only limited summary data is available for this year.$0.89$0.00$0.89$0.18$0.26$0.08
2014Summary only. Only limited summary data is available for this year.$0.98$0.01$0.97$0.16$0.20$0.04
2013Summary only. Only limited summary data is available for this year.$1.04$0.03$1.01$0.24$0.08$0.16
2012Summary only. Only limited summary data is available for this year.$0.90$0.05$0.85$0.20$0.09$0.11