Civic Intelligence

Imsa Educational Foundation

990 • Fiscal year 2022 • EIN 75-2257186

May 01, 2021 to Apr 30, 2022 • Filed on Sep 09, 2022

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

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

36th percentile

0.1%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$120,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 38.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

46th percentile

0.1%

Faster asset growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

70%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$2,036,450

Up $1,940 (+0.1%) from 2021

Net Assets

Up

$2,034,344

Up $411 (+0.0%) from 2021

Liabilities

Up

$2,106

Up $1,529 (+265%) from 2021

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin36th percentile

Revenue

Up

$314,696

Up $129,672 (+70%) from 2021

Expenses

Up

$314,285

Up $227,126 (+261%) from 2021

Net Income

Down

$411

Down $97,454 (-100%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2022

Assets$2,036,450
Liabilities$2,106
Net Assets$2,034,344
Open 2022 Filing

Operations Trend

Revenue Growth87th 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

2022

Revenue$314,696
Expenses$314,285
Net Income$411
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Sep 9, 2022
Return Version
2021v4.2
Gross Receipts
$314,696
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$1,872,893$1,904,442▲ $31,549
Other Notes and Loans Receivable, Net$120,000$100,000▼ $20,000
Cash and Non-Interest-Bearing Accounts$35,987$19,246▼ $16,741
Prepaid Expenses and Deferred Charges$5,630$9,886▲ $4,256
Land, Buildings, and Equipment, Net-$2,876-
Total Assets$2,034,510$2,036,450▲ $1,940
Liabilities
Accounts Payable and Accrued Expenses$577$2,106▲ $1,529
Total Liabilities$577$2,106▲ $1,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,033,933$2,034,344▲ $411
Total Net Assets Fund Balance$2,033,933$2,034,344▲ $411
Total Liabilities and Net Assets / Fund Balance$2,034,510$2,036,450▲ $1,940

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,876-$2,876
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleBaseTotal
Douglas M AikenSecretary/treasurer$120,000$120,000

Board Members and Trustees

NameTitle
Ted GilfertPresident
Hans KristensenDirector
Jeffrey KnightDirector
Mario BulhoesDirector
Steve ParduhnDirector
Timothy M SoverinoDirector
Carl ZabelVice Presiden
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$303,312
Investment Income
$11,384
Other Revenue
$0
Change in Net Assets
$411

Audited Revenue Reconciliation

Revenue per Audited Statements
$314,696
Total Revenue per Audited Statements
$314,696
Total Revenue per Form 990
$314,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$181,775
Other Expenses$132,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$140,084-$140,084
Fees for Services Legal-$37,235-$37,235
Fees for Services Other-$35,100-$35,100
Other Salaries and Wages-$28,750-$28,750
Occupancy-$17,622-$17,622
Conferences and Meetings$15,917--$15,917
Payroll Taxes-$12,941-$12,941
Office Expenses-$12,874-$12,874
Fees for Services Accounting-$5,285-$5,285
Insurance-$4,431-$4,431
Travel-$4,046-$4,046
Total Functional Expenses$15,917$298,368$0$314,285

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$314,285
Total Expenses per Audited Statements$314,285
Total Expenses per Form 990$314,285
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
Ted Gilfert
Title
President
Phone
6032533040
Signed
2022-09-09
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
2

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, 2022 and 2021, 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/InvestmentIncomePYPct00.03770
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.95430
IRS990ScheduleA/PublicSupportPY509Pct00.96230
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01204436
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0161478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0370162
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0370778
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0302018
IRS990ScheduleA/Total509Grp/TotalAmt01204436
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0185024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0391885
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0378621
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0306521
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02876
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02876
IRS990ScheduleD/ExpensesSubtotalAmt0314285
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0314696
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, 2022 AND 2021, 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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02876
IRS990ScheduleD/TotalExpensesPerForm990Amt0314285
IRS990ScheduleD/TotalRevenuePerForm990Amt0314696
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0314696
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0314285
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IRS990/ScheduleORequiredInd0true
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02034510
IRS990/TotalAssetsEOYAmt02036450
IRS990/TotalAssetsGrp/BOYAmt02034510
IRS990/TotalAssetsGrp/EOYAmt02036450
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0298368
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015917
IRS990/TotalFunctionalExpensesGrp/TotalAmt0314285
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0577
IRS990/TotalLiabilitiesEOYAmt02106
IRS990/TotalLiabilitiesGrp/BOYAmt0577
IRS990/TotalLiabilitiesGrp/EOYAmt02106
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02033933
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02034344
IRS990/TotalProgramServiceExpensesAmt015917
IRS990/TotalProgramServiceRevenueAmt0303312
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/ExclusionAmt011384
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0303312
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0314696
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02034510
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02036450
IRS990/TravelGrp/ManagementAndGeneralAmt04046
IRS990/TravelGrp/TotalAmt04046
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CENTER HARBOR
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IRS990/USAddress/ZIPCd003226
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0http://www.imsaef.org
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TED GILFERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06032533040
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMSA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IMSA
ReturnHeader/Filer/EIN0752257186
ReturnHeader/Filer/PhoneNum06032533040
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 146
ReturnHeader/Filer/USAddress/CityNm0CENTER HARBOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NH
ReturnHeader/Filer/USAddress/ZIPCd0032260146
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821650312
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/PreparationDt02022-09-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey Griffith
ReturnHeader/ReturnTs02022-09-09T11:57:05-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GILFERT
ReturnHeader/TaxPeriodBeginDt02021-05-01
ReturnHeader/TaxPeriodEndDt02022-04-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,036,450
Liabilities
$2,106
Net assets
$2,034,344
Revenue
$314,696
Expenses
$314,285
Net income
$411
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