Imagine America Foundation

Organization Overview

Imagine America Foundation is located in Haymarket, VA. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Imagine America Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine America 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 06/2022, Imagine America Foundation generated $241.7k 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 (13.9%) each year. All expenses for the organization totaled $276.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE IMAGINE AMERICA FOUNDATION CONDUCTS CHARITABLE EDUCATIONAL ACTIVITIES RELATEDTO SPECIALIZED CAREER EDUCATION AND TRAINING AND THE ROLE OF SUCH SCHOOLS IN AMERICAN SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE CAREER COLLEGE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS, ACTIVE AND HONORABLY DISCHARGED U.S MILITARY VETERANS AND ADULT LEARNERS. APPROXIMATELY 25,000 STUDENTS BENEFITED DURING THE YEAR.


THE FOUNDATION RECOGNIZES EXCEPTIONAL CAREER COLLEGE STUDENTS WHO ARE ACTIVE DUTY OR HONORABLY DISCHARGED OR RETIRED MILITARY PERSONNEL. THEY ARE HONORED AT THE ASSOCIATION OF PRIVATE SECTOR COLLEGE'S AND UNIVERSITIES'(APSCU) ANNUAL CONVENTION AND RECEIVE AN AWARD TOWARDS THEIR EDUCATION.ELEVEN STUDENTS WERE HONORED DURING THE YEAR.


PRODUCED VITAL RESEARCH PUBLICATIONS FOR THE CAREER COLLEGE HIGHER EDUCATION SECTOR,INCLUDING THE FACT BOOK:A PROFILE OF CAREER COLLEGES & UNIVERSITIES,3,000 COPIES HAVE BEEN DISTRIBUTED.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Martin
President & CEO
$211,069
Daniel Levinson
Director
$0
Roger Becker
Director
$0
Tim Mcmahon
Director
$0
Christopher Cimino
Treasurer
$0
Danny Finuf
Director
$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$237,752
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$237,752
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 $241,720

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