Ima Research Foundation Inc
- Assets
- $289.8k
- Revenue
- $101.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 11/1994
- Data as of
- 06/2022
- EIN
- 22-3323222
Organization Overview
Ima Research Foundation Inc is located in Montvale, NJ. The organization was established in 1994. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Ima Research 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, Ima Research Foundation Inc generated $101.0k 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 (10.2%) each year. All expenses for the organization totaled $181.7k during the year ending 06/2022. 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 DEVELOP AND DISSEMINATE TIMELY MANAGEMENT ACCOUNTING AND FINANCIAL (CONTINUED IN SCH O) MANAGEMENT RESEARCH FINDINGS THAT CAN BE APPLIED TO CURRENT AND EMERGING BUSINESS ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IMA RESEARCH FOUNDATION EXISTS TO ADMINISTER THE RESEARCH PROGRAM OF THE CONTROLLING ORGANIZATION (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC) RESULTING IN PUBLISHED STUDIES AND EDUCATIONAL ARTICLES. IN FISCAL YEAR 2022, 49 GRANTEES WERE AWARDED RESEARCH GRANTS, AND 6 STUDIES AND ARTICLES WERE PUBLISHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Thomson Cma Csca Cae Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
J Stephen Mcnally Cma CPA President | OfficerTrustee | 1 | $0 |
Russ Porter Cma Cfm Csca CFO (beg 08/21) | Officer | 0.5 | $0 |
Doreen Remmen Cma Csca Cae CFO (thru 12/21) | Officer | 0.5 | $0 |
Loreal Jiles Committee Staff Liaison | Trustee | 0.5 | $0 |
Dr Anthony P Curatola Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,969 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,969 |
| 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 | $100,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,262 |
| Grants and other assistance to domestic individuals. | $86,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $52,423 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,651 |
| Total functional expenses | $181,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $288,770 |
| Total assets | $289,770 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $289,770 |
| 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 | $289,770 |
Grants Awarded
Over the last fiscal year, Ima Research Foundation Inc has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chestnut Hill, MA PURPOSE: RESEARCH GRANT | $9,500 |
UNIVERSITY OF HAWAII PURPOSE: RESEARCH GRANT | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ima Research Foundation Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Institute Of Management Accountants Memorial Education Fund Inc Montvale, NJ PURPOSE: GRANTS | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |