Imagine Inc
- Assets
- $275.2k
- Revenue
- $86.1k
- Investments
- $250.1k
- Employees
- 0
- Location
- Norwell, MA
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 61-1694939
Organization Overview
Imagine Inc is located in Norwell, MA. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine 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 12/2022, Imagine Inc generated $86.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $73.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Imagine Inc has awarded 112 individual grants totaling $511,730. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES. THE FOUNDATION'S ONLY ACTIVITY IS TO MAKE CHARITABLE CONTRIBUTIONS TO APPROVED ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Sullivan President | 1 | $0 | |
Maureen Cullity Treasurer | 1 | $0 | |
Joseph Zaccheo Clerk | 1 | $0 | |
William Patterson Director | 1 | $0 | |
Joseph Zaccheo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,050 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,085 |
| 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 | $86,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $232 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $266 |
| Total operating and administrative expenses | $1,598 |
| Contributions, gifts, grants paid | $71,950 |
| Total expenses and disbursements | $73,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,979 |
| Savings and temporary cash investments | $4,071 |
| 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 | $275,158 |
| 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, Imagine Inc has awarded $71,950 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
MY BROTHER'S KEEPER PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $5,000 |
ASCENTRIA CARE ALLIANCE PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $1,000 |
NATIONAL MARINE LIFE CENTER PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $1,000 |
VETERAN'S VOICE PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $6,000 |
THE PLYMOUTH PHILHARMONIC SYMPHONY PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $3,500 |
SOUTH SHORE HOSPITAL FOUNDATION PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $5,500 |