Civic Intelligence

Imaginal Education Company

990 • Fiscal year 2020 • EIN 81-4395271

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.03x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$128,905

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

28th percentile

-1.6%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

31%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$264,788

Down $4,435 (-1.6%) from 2019

Net Assets

Up

$245,623

Up $96,424 (+65%) from 2019

Liabilities

Down

$19,165

Down $100,859 (-84%) from 2019

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin64th percentile

Revenue

Up

$660,127

Up $157,388 (+31%) from 2019

Expenses

Up

$563,703

Up $95,056 (+20%) from 2019

Net Income

Up

$96,424

Up $62,332 (+183%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2020

Assets$264,788
Liabilities$19,165
Net Assets$245,623
Open 2020 Filing

Operations Trend

Revenue Growth80th 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

2020

Revenue$660,127
Expenses$563,703
Net Income$96,424
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$660,127
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
Intangible Assets$221,589$213,034▼ $8,555
Cash and Non-Interest-Bearing Accounts$4,850$44,026▲ $39,176
Savings and Temporary Cash Investments$39,374$5,000▼ $34,374
Land, Buildings, and Equipment, Net$3,410$2,728▼ $682
Total Assets$269,223$264,788▼ $4,435
Liabilities
Unsecured Notes Loans Payable$102,114--
Accounts Payable and Accrued Expenses$17,910$19,165▲ $1,255
Total Liabilities$120,024$19,165▼ $100,859
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$149,199$245,623▲ $96,424
Total Net Assets Fund Balance$149,199$245,623▲ $96,424
Total Liabilities and Net Assets / Fund Balance$269,223$264,788▼ $4,435

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,728$4,092$6,820
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andres RudmikChairFT$128,905$128,905
Philip StreitSecretaryPT$6,624$6,624

Board Members and Trustees

NameTitle
Thomas RudmikVice Chair
Mary Ann EppsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$392,114
Program Service Revenue
$268,012
Investment Income
$1
Other Revenue
$0
All Other Contributions
$392,114
Change in Net Assets
$96,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$389,622
Salaries, Compensation, and Employee Benefits$174,081
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-$135,529-$135,529
Other Salaries and Wages$33,863--$33,863
Office Expenses$19,154$6,637-$25,791
Fees for Services Legal-$10,871-$10,871
Depreciation Depletion-$9,238-$9,238
Payroll Taxes-$4,689-$4,689
All Other Expenses-$1,014-$1,014
Other Expenses$3,649$931-$931
Conferences and Meetings-$194-$194
Travel-$10-$10
Total Functional Expenses$394,590$169,113$0$563,703
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
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 A, Line 2

“Andres rudmik and thomas rudmik have a family relationship”

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

“The governing body recieved a complete copy of the form 990 prior to filing”

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

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

Form 990, Part VI, Section B, Line 15

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

Form 990, Part VI, Section C, Line 19

“Form 990 is available on guidestar.org and other documents are available on request.”

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
Treasurer
Phone
9493103001
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Streit
Formed
2016
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
1450 BRICKELL AVENUE 18TH FL, MIAMI, FL 33131
Preparer
Leif Novie CPA
Phone
3053735500
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANDRES RUDMIK AND THOMAS RUDMIK HAVE A FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY RECIEVED A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS THE POLICY TO MAKE SURE THAT ARMS-LENGTH TRANSACTIONS TAKE PLACE. THE BOARD OF DIRECTORS CLOSELY MONITOR THAT NO CROSSOVER OF FUNDS BETWEEN MASTERS ACADEMY, A TAX EXEMPT SCHOOL RUN BY TOM RUDMIK, AND IMAGINAL EDUCATION COMPANY, OCCURS. ALL BOARD MEMBERS AND OFFICERS REVIEW INDIVIDUAL CONFLICT POLICY YEARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTOS APPROVES KEY OFFICER SALARY, FOR ANDRES RUDMIK, WHO IS IN THE RANGE AS CHIEF PROGRAMMING ARCHITECT, FOR COMPARABILITY TO FAIR MARKET. HE RECEIVES 80% OF SALARY FOR PROGRAMMING AND 20% FOR PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND OTHER DOCUMENTS ARE AVAILABLE ON REQUEST.
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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$264,788
Liabilities
$19,165
Net assets
$245,623
Revenue
$660,127
Expenses
$563,703
Net income
$96,424
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