Civic Intelligence

Imaginal Education Company

990 • Fiscal year 2017 • EIN 81-4395271

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 02, 2018

Organization ProfileIMAGINALEDUCATION.COM
4464 Long Lake RoadMelbourne, FL 32934

(949) 310-3001

Siviq Scores

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

Liabilities / Assets

48th percentile

0.03x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

0.02x

Higher debt load relative to revenue than 45% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$126,297

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

91st percentile

67%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

105%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$550,189

Up $220,807 (+67%) from 2016

Net Assets

Up

$533,891

Up $204,509 (+62%) from 2016

Liabilities

Up

$16,298

Up $16,298 from 2016

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin83rd percentile

Revenue

Up

$709,338

Up $362,498 (+105%) from 2016

Expenses

Up

$504,829

Up $486,771 (+2696%) from 2016

Net Income

Down

$204,509

Down $124,273 (-38%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$600K$400K$200K$0-$200KAssets 2016: $329,382Liabilities 2016: $0Net Assets 2016: $329,3822016Assets 2017: $550,189Liabilities 2017: $16,298Net Assets 2017: $533,8912017Assets 2018: $230,708Liabilities 2018: $115,602Net Assets 2018: $115,1062018Assets 2019: $269,223Liabilities 2019: $120,024Net Assets 2019: $149,1992019Assets 2020: $264,788Liabilities 2020: $19,165Net Assets 2020: $245,6232020Assets 2021: $537,514Liabilities 2021: $8,792Net Assets 2021: $528,7222021Assets 2022: $246,523Liabilities 2022: $11,992Net Assets 2022: $234,5312022Assets 2023: $256,066Liabilities 2023: $298,954Net Assets 2023: -$42,8892023Assets 2024: $243,710Liabilities 2024: $301,665Net Assets 2024: -$57,9552024

Highlighted filing

2017

Assets$550,189
Liabilities$16,298
Net Assets$533,891
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

$1.0M$500K$0-$500KRevenue 2016: $346,840Expenses 2016: $18,058Net Income 2016: $328,7822016Revenue 2017: $709,338Expenses 2017: $504,829Net Income 2017: $204,5092017Revenue 2018: $4Expenses 2018: $418,789Net Income 2018: -$418,7852018Revenue 2019: $502,739Expenses 2019: $468,647Net Income 2019: $34,0922019Revenue 2020: $660,127Expenses 2020: $563,703Net Income 2020: $96,4242020Revenue 2021: $783,365Expenses 2021: $500,266Net Income 2021: $283,0992021Revenue 2022: $249,400Expenses 2022: $543,591Net Income 2022: -$294,1912022Revenue 2023: $252,668Expenses 2023: $530,088Net Income 2023: -$277,4202023Revenue 2024: $533,935Expenses 2024: $549,001Net Income 2024: -$15,0662024

Highlighted filing

2017

Revenue$709,338
Expenses$504,829
Net Income$204,509
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 2, 2018
Return Version
2017v2.2
Gross Receipts
$709,338
Mission and Program Overview

Mission

Imaginal education's mission is to transform education by changing how children learn and how teachers teach through workshops and seminars through our web-based technology tool.

To transform education through workshops and seminars utilizing a proprietary web-based technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,542$284,816▲ $215,274
Intangible Assets$256,667$239,556▼ $17,111
Savings and Temporary Cash Investments-$20,361-
Land, Buildings, and Equipment, Net$3,173$5,456▲ $2,283
Total Assets$329,382$550,189▲ $220,807
Liabilities
Accounts Payable and Accrued Expenses$0$16,298▲ $16,298
Total Liabilities$0$16,298▲ $16,298
Net Assets / Fund Balance
Unrestricted Net Assets$329,382$533,891▲ $204,509
Total Net Assets Fund Balance$329,382$533,891▲ $204,509
Total Liabilities and Net Assets / Fund Balance$329,382$550,189▲ $220,807

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,456$1,364$6,820
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andres RudmikChairFT$120,000$6,297$126,297
Philip StreitSecretaryPT$25,988-$25,988

Board Members and Trustees

NameTitle
Thomas RudmikVice Chair
Revenue and Support

Revenue Composition

Contributions and Grants
$706,293
Program Service Revenue
$3,021
Investment Income
$24
Other Revenue
$0
All Other Contributions
$706,293
Change in Net Assets
$204,509
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$294,735
Salaries, Compensation, and Employee Benefits$210,094
Total Fundraising Expense$6,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$101,038$51,247-$152,285
Other Salaries and Wages$28,911$7,228-$36,139
Travel-$24,850-$24,850
Information Technology-$20,448-$20,448
Other Employee Benefits$15,746$3,936-$19,682
Depreciation Depletion-$18,475-$18,475
Fees for Services Legal-$6,278-$6,278
Office Expenses-$5,546-$5,546
Conferences and Meetings-$2,046-$2,046
Payroll Taxes-$1,988-$1,988
Other Expenses$1,914-$6,686$1,914
Total Functional Expenses$356,101$142,042$6,686$504,829
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
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 A, Line 2

“Andres rudmik and thomas rudmik have a family relationship.”

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

“All members of the governing body received a complete copy of this form 990 prior to filing.”

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

“The board reviews the policy to make sure that arms-length transactions take place and closely monitor that no crossover of funds between masters academy, a tax exempt school run by tom rudmik and imaginal. All board members and officers renew individual conflict policy yearly.”

Form 990, Part VI, Section B, Line 15

“The board of directors approves key officer salary, for andres rudmik, who is in the range as chief programming architect, for comparability to fair market. He gets 80% of salary for programming and 20% for president.”

Form 990, Part VI, Section C, Line 19

“Not available in public domain; however, documents can made available if a request is made and the person making the request was verified as an organization that existed or had a need to know.”

Filing and Contact Details

Filer

Filer Name
Imaginal Education Company
EIN
81-4395271
Phone
9493103001
Address
4464 LONG LAKE ROAD, MELBOURNE, FL 32934

Signing Officer

Name
Philip Streit
Title
Secretary
Phone
9493103001
Signed
2018-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andres Rudmik
Formed
2016
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
1
Employees
5
Volunteers
0

Preparer

Firm
Eks&h Lllp
Address
8181 E TUFTS AVENUE SUITE 600, DENVER, CO 80237-2579
Preparer
Dori J Eggett
Phone
3037409400
Raw XML Appendix321 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/MissionDesc0IMAGINAL EDUCATION'S MISSION IS TO TRANSFORM EDUCATION BY CHANGING HOW CHILDREN LEARN AND HOW TEACHERS TEACH THROUGH WORKSHOPS AND SEMINARS THROUGH OUR WEB-BASED TECHNOLOGY TOOL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANDRES RUDMIK AND THOMAS RUDMIK HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE GOVERNING BODY RECEIVED A COMPLETE COPY OF THIS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE POLICY TO MAKE SURE THAT ARMS-LENGTH TRANSACTIONS TAKE PLACE AND CLOSELY MONITOR THAT NO CROSSOVER OF FUNDS BETWEEN MASTERS ACADEMY, A TAX EXEMPT SCHOOL RUN BY TOM RUDMIK AND IMAGINAL. ALL BOARD MEMBERS AND OFFICERS RENEW INDIVIDUAL CONFLICT POLICY YEARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES KEY OFFICER SALARY, FOR ANDRES RUDMIK, WHO IS IN THE RANGE AS CHIEF PROGRAMMING ARCHITECT, FOR COMPARABILITY TO FAIR MARKET. HE GETS 80% OF SALARY FOR PROGRAMMING AND 20% FOR PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NOT AVAILABLE IN PUBLIC DOMAIN; HOWEVER, DOCUMENTS CAN MADE AVAILABLE IF A REQUEST IS MADE AND THE PERSON MAKING THE REQUEST WAS VERIFIED AS AN ORGANIZATION THAT EXISTED OR HAD A NEED TO KNOW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILIP STREIT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09493103001
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINAL EDUCATION COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0814395271
ReturnHeader/Filer/PhoneNum09493103001
ReturnHeader/Filer/USAddress/AddressLine1Txt04464 LONG LAKE ROAD
ReturnHeader/Filer/USAddress/CityNm0MELBOURNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032934
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02308896A9D6EAA9E99ED4E8A0F1800E3AD8A34BA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D12110E46A70B79426E057235F55C62C0F5EC006
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.42.238.132
ReturnHeader/FilingSecurityInformation/IPDt02018-03-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MS
ReturnHeader/FilingSecurityInformation/IPTm019:35:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461497033
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EKS&H LLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08181 E TUFTS AVENUE SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0802372579
ReturnHeader/PreparerPersonGrp/PhoneNum03037409400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DORI J EGGETT
ReturnHeader/ReturnTs02018-03-02T19:36:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$550,189
Liabilities
$16,298
Net assets
$533,891
Revenue
$709,338
Expenses
$504,829
Net income
$204,509
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.44$3.02$0.58$5.34$5.49$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.56$2.99$0.43$2.53$5.30$2.77
2022Detailed filing. Detailed filing data is available for this year.$2.47$0.12$2.35$2.49$5.44$2.94
2021Detailed filing. Detailed filing data is available for this year.$5.38$0.09$5.29$7.83$5.00$2.83
2020Detailed filing. Detailed filing data is available for this year.$2.65$0.19$2.46$6.60$5.64$0.96
2019Summary only. Only limited summary data is available for this year.$2.69$1.20$1.49$5.03$4.69$0.34
2018Summary only. Only limited summary data is available for this year.$2.31$1.16$1.15$0.00$4.19$4.19
2017Detailed filing. Detailed filing data is available for this year.$5.50$0.16$5.34$7.09$5.05$2.05
2016Summary only. Only limited summary data is available for this year.$3.29$0.00$3.29$3.47$0.18$3.29