Imaginate Foundation Inc
- Assets
- $406.0
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 20-8534215
Organization Overview
Imaginate Foundation Inc is located in Coral Gables, FL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Imaginate 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 12/2021, Imaginate Foundation Inc generated $10.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $10.2k during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Imaginate Foundation Inc has awarded 34 individual grants totaling $439,125. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT WAS PROVIDED TO START AN EDUCATION FUND WHERE WOMEN WHO WANT TO INVEST IN PROGRAMS TO ACCELERATE THEIR GROWTH AND DEVELOPMENT.
GRANT WAS PROVIDED TO SUPPPORT MINORITY YOUTHS IN THEIR EDUCATIONAL ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Zelada Vice President | 5 | $0 | |
Chelli Herrera Secretary | 5 | $0 | |
Armando C Perez President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $183 |
| Total operating and administrative expenses | $183 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $406 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Imaginate Foundation Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE LOVE CANDLE CO PURPOSE: MONEY WILL BE USED TO SUPPPORT MINORITY YOUTHS IN THEIR EDUCATIONAL ENDEAVORS. | $5,000 |
MASTERYOURBOOKSLLC PURPOSE: MONEY WILL BE USED TO START AN EDUCATION FUND WHERE WOMEN WHO WANT TO INVEST IN PROGRAMS TO ACCELERATE THEIR GROWTH AND DEVELOPMENT. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Imaginate Foundation Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Gwendolyn And Joseph Straus Charitable Fund Inc Fort Lee, NJ PURPOSE: Provided funding to support organization's mission to provide art, business and social teachings to children of low income migrant families. | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |