Imagine Foundation Inc
- Assets
- $4.1m
- Revenue
- $303.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2005
- Data as of
- 06/2022
- EIN
- 20-2336717
Organization Overview
Imagine Foundation Inc is located in Brooklyn, NY. The organization was established in 2005. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Imagine Foundation Inc generated $303.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $374.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SCHOOLS HELPING CHILDREN WITH AUTISM AND OTHER DISABILITIES, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE FUNDS FOR THE MAINTENANCE AND DAY-TO-DAY ACTIVITIES OF DAY SCHOOLS DEDICATED TO PROVIDING SPECIAL EDUCATION FOR CHILDREN WITH AUTISM AND OTHER DISABLITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jemal President | OfficerTrustee | 6 | $0 |
Sam Sutton Treasurer | OfficerTrustee | 4 | $0 |
Rebecca Harary Executive Vice President | Trustee | 0.5 | $0 |
Wendy Jemal Vice President | Trustee | 1.5 | $0 |
Marvin Dweck Vice President | Trustee | 0.5 | $0 |
Jeffrey Deutsch Vice President | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $42,154 |
| Government grants | $184,404 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,974 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,051 |
| Payroll taxes | $3,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,888 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,995 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $374,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,997 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,628,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,092,440 |
| Accounts payable and accrued expenses | $26,174 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $88,000 |
| Secured mortgages and notes payable | $1,670,925 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,785,099 |
| Net assets without donor restrictions | $2,307,341 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,092,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Imagine Foundation Inc has recieved totaling $26,952.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $26,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Judge Rotenberg Educational Center Inc Canton, MA | $44,183,993 | $90,766,696 |
Perkins School For The Blind Watertown, MA | $459,820,688 | $83,698,194 |
Mastery Schools Of Camden Inc Philadelphia, PA | $73,798,386 | $68,691,904 |
The Windward School White Plains, NY | $180,402,224 | $74,362,935 |
Matheny School And Hospital Inc Peapack, NJ | $69,499,999 | $54,050,053 |
Hillcrest Educational Centers Inc Pittsfield, MA | $31,700,149 | $41,848,314 |
Eden Autism Services Inc Princeton, NJ | $37,499,869 | $43,268,973 |
Landmark School Inc Prides Crossing, MA | $81,242,185 | $45,882,089 |
Mary Cariola Childrens Center Inc Rochester, NY | $32,501,953 | $38,497,065 |
Winston Preparatory School New York, NY | $56,916,189 | $37,261,516 |
American School For The Deaf West Hartford, CT | $58,629,293 | $44,148,151 |
Childrens Institute Of Pittsburgh Pittsburgh, PA | $161,136,560 | $38,389,576 |