Imagine1day Usa Inc
- Assets
- $147.8k
- Revenue
- $308.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2012
- Data as of
- 12/2017
- EIN
- 46-0983910
Organization Overview
Imagine1day Usa Inc, operating under the name Imagine1day Usa Foundation, is located in Los Angeles, CA. The organization was established in 2012. 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. Imagine1day USA Foundation 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 12/2017, Imagine1day USA Foundation generated $308.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $380.7k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF IMAGINE1DAY, INC.'S (REFERRED TO AS IMAGINE1USA FOUNDATION) MISSION IS TO DEVELOP LEADERS THAT ELEVATE THE WORLD. OUR GOAL IS ALL ETHIOPIANS WILL HAVE ACCESS TO QUALITY EDUCATION FREE OF FOREIGN AID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL CONSTRUCTION EXPANSION OF EDUCATIONAL OPPORTUNITIES IMAGINE1DAY USA FOUNDATION APPROVED 7 GRANTS MADE TO IMAGINE1DAY INTERNATIONAL ORGANIZATION (REFERRED TO AS IMAGINE INTERNATIONAL) IN 2017, TOTALING 164,471 FOR PURPOSES OF SCHOOL CONSTRUCTION. IN 2017, THROUGH VOLUNTEER DRIVEN INITIATIVES INITIALLY STARTED IN 2016 AND COMPLETED IN 2017, WE FINALIZED THE FUNDRAISING FOR THE CONSTRUCTION OF THE FILANGUR SCHOOL, AND EMBARKED UPON FUNDRAISING FOR THE CONSTRUCTION OF THE SHENI KONDALA AND GOBELE SCHOOLS. THE LOCATIONS FOR EACH SCHOOL PROJECT WAS SELECTED BY IDENTIFYING AREAS IN NEED IN THE OROMIA REGION OF ETHIOPIA. WORKING IN PARTNERSHIP WITH COMMUNITY LEADERS, IMAGINE INTERNATIONAL ORGANIZATION WAS ABLE TO REALIZE THE EXECUTION OF NEW CONSTRUCTION CLASSROOMS, AS WELL AS TEACHER TRAINING, PLAYGROUND, EARLY CHILDHOOD EDUCATION CENTERS, AND SCHOOL SUPPLIES FOR CHILDREN. THE WORK SPANNED ACROSS 10 COMMUNITIES, AND BENEFITTED OVER 5,000 STUDENTS AND OVER 10,000 COMMUNITY MEMBERS ACROSS ETHIOPIA.
LIGHTYEAR LEADERSHIP TRAINING FOR EDUCATIONAL SUCCESS IN 2016, IMAGINE1DAY USA FOUNDATION EMBARKED ON A FUNDRAISING CAMPAIGN, IN COLLABORATION WITH LIGHTYEAR LEADERSHIP, TO BRING LEADERSHIP TRAINING TO THE COMMUNITIES AND GOVERNMENT IN ETHIOPIA. THE FUNDRAISING INITIATIVE, BROUGHT TOGETHER EDUCATORS, SENIOR GOVERNMENT OFFICIALS, NGOS AND OTHER INFLUENCERS TOGETHER TO GIVE THEM THE TOOLS TO SET VISIONS UNCONSTRAINED BY THE PAST, AND ENROLL OTHERS IN THAT VISION. 2017 REALIZED THIS MISSION, BY GRANTING AN ADDITIONAL 167,751 RAISED BY LIGHTYEAR LEADERS AND WHICH IN TURN SUPPORTED THE CONSTRUCTION OF THE ADIMEALSINOM SCHOOL IN TIGRAY. LEADERS TRAVELED TO ETHIOPIA IN MARCH OF 2017, CONDUCTING LEADERSHIP TRAINING ACROSS THE NORTH AND THE SOUTH OF ETHIOPIA FOR COMMUNITY MEMBERS, CHILDREN, EDUCATORS, AND GOVERNMENT OFFICIALS AT THE LOCAL AND FEDERAL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mackenzie Chambers Director, Treas (left August 2017) | OfficerTrustee | 2 | $0 |
Brett Conrad Board Chair | OfficerTrustee | 3 | $0 |
Mary Anna Noveck Director | Trustee | 10 | $0 |
Sam Bremner Director (left Dec 2017) | Trustee | 4 | $0 |
Bettina Khan Director | Trustee | 0.5 | $0 |
Feben Yohannes Director, Secretary | OfficerTrustee | 3 | $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 | $308,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,029 |
| Total Program Service Revenue | $0 |
| Investment income | $58 |
| 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 | $308,589 |
| 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 | $332,222 |
| 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 | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,495 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $630 |
| Royalties | $0 |
| Occupancy | $3,504 |
| 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 | $8,662 |
| Insurance | $995 |
| All other expenses | $243 |
| Total functional expenses | $380,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,423 |
| Savings and temporary cash investments | $77,391 |
| 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 | $0 |
| Total assets | $147,814 |
| 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 | $148 |
| Total liabilities | $148 |
| Unrestricted restricted net Assets | $69,866 |
| Temporarily restricted net Assets | $77,800 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $147,666 |