Imani Collective Inc
- Assets
- $58.1k
- Revenue
- $784.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Bulverde, TX
- Founding
- 11/2011
- Data as of
- 12/2023
- EIN
- 45-1558325
Organization Overview
Imani Collective Inc is located in Bulverde, TX. The organization was established in 2011. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Imani Collective Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imani Collective 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 12/2023, Imani Collective Inc generated $784.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.0% each year . All expenses for the organization totaled $506.1k during the year ending 12/2023. While expenses have increased by 44.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF IMANI COLLECTIVE IS TO UNLEASH A WOMAN'S GREATNESS THROUGH EMPOWERMENT + OPPORTUNITY + COMMUNITY. THE PURPOSE OF IMANI COLLECTIVE IS TO EMPOWER INDIVIDUAL + FAMILIES TO RISE ABOVE POVERTY AND BECOME AGENTS OF CHANGE FOR THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BELIEVE IN INVESTING IN OUR ARTISANS, BUT WE ALSO BELIEVE IN THEM INVESTING IN THEMSELVES. WE CONDUCT OUR RISE (REALIZE INTERNAL SELF EXCELLENCE) CHARACTER BUILDING PROGRAM ONCE A WEEK IN BOTH THE OLD TOWN AND VILLAGE LOCATION. TOPICS RANGE FROM PERSONAL SKILLS TO INTERPERSONAL SKILLS. RISE IS CONDUCTED AT THE BEGINNING OF THE WORK DAY SO THAT OUR ARTISANS FEEL EMPOWERED TO RISE TO THEIR GREATEST SELVES. THIS PROGRAM IS INTERACTIVE AND IS POSTED ON THE COMMUNITY BOARD WEEKLY SO THAT OUR ARTISANS CAN CONTINUE TO ENGAGE WITH THE TOPIC THROUGHOUT THE WEEK AND HOLD THEIR CO-WORKERS ACCOUNTABLE AS WELL.
WE BELIEVE CHILDREN ARE THE FUTURE, AND WE ALSO RECOGNIZE THAT THEY ARE THE PRESENT. THIS IS WHY WE HAVE ESTABLISHED AND GROWN OUR IN-HOUSE CHILDCARE PROGRAM AND SCHOOL SCHOLARSHIP PROGRAMS.WE CURRENTLY HAVE TWELVE KIDS AGES 6 MONTHS TO 4 YEARS OLD ENROLLED IN OUR IN-HOUSE CHILD ENRICHMENT PROGRAM IN OUR OLD TOWN LOCATION AND SEVEN KIDS ENROLLED IN MTEPENI VILLAGE LOCATION. THIS CURRICULUM BASED PROGRAM HAS MONTHLY THEMES, ALL FOUR OF OUR CHILD CARE DIRECTORS CONDUCT THE SAME CURRICULUM.
WE BELIEVE CHILDREN ARE THE FUTURE, AND WE ALSO RECOGNIZE THAT THEY ARE THE PRESENT. THIS PROGRAM ENGAGES OUR IMANI KIDS IMAGINATION, BEGIN TO ORIENT THEM TO ENGLISH AND TEACHES TEAMWORK IN PREPARATION FOR THEM TO BE SUCCESSFUL WHEN THEY START SCHOOL. THIS PROGRAM INCLUDES SPECIAL EVENTS LIKE FIELD TRIPS, VBS, ENGLISH COURSES, PRIMARY SCHOOL ENTRANCE TEST PREPARATION, AND CREATIVE CRAFTS + PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skyler Womack President | OfficerTrustee | 40 | $0 |
Joelle Sypkes Secretary | OfficerTrustee | 2 | $0 |
Allison Shaw Treasurer | Trustee | 2 | $0 |
Cathy Scott Vice President | Trustee | 2 | $0 |
Casey Trogden Member | Trustee | 1 | $0 |
Cathy Hawk Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $784,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,221 |
| 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 | $784,221 |
| 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. | $65,343 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,846 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,745 |
| Office expenses | $4,062 |
| Information technology | $8,612 |
| Royalties | $0 |
| Occupancy | $525 |
| Travel | $16,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,384 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $691 |
| All other expenses | $316,419 |
| Total functional expenses | $506,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,534 |
| 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 | $42,600 |
| 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 | $0 |
| Total assets | $58,134 |
| Accounts payable and accrued expenses | $16,177 |
| 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 | $60,935 |
| Other liabilities | $0 |
| Total liabilities | $77,112 |
| Net assets without donor restrictions | -$18,978 |
| 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 | $58,134 |