Ima Innovations
- Assets
- $9.0m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/2019
- Data as of
- 09/2022
- EIN
- 82-4219629
Organization Overview
Ima Innovations is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ima Innovations 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 09/2022, Ima Innovations generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $10.8m during the year ending 09/2022. While expenses have increased by 22.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEMOCRATIC REPUBLIC OF CONGO: IN FY 21, THIS INVOLVED WORKING ON SOLUTIONS TO COMBAT MALARIA AND HIV INFECTION IN THE DEMOCRATIC REPUBLIC OF CONGO, AS WELL AS PROMOTING THE FABRICATION AND USE OF CLEAN COOKSTOVE TECHNOLOGIES TO KEEP FAMILIES SAFE.IMA INNOVATIONS IS A CHARITABLE ORGANIZATION THAT SEEKS TO DEVELOP PROJECTS AND INITIATIVES TO SOLVE PUBLIC HEALTH CRISES AROUND THE WORLD. THE ORGANIZATIONS CURRENT WORK IN THE DRC WORKS ALONG SIDE ITS SISTER ORGANIZATION IMA WORLD HEALTH, TO IMPLEMENT PROGRAMS THAT ACHIEVE BETTER HEALTH OUTCOMES FOR PEOPLE IN DEVELOPING AND EMERGENCY SETTINGS.
HEADQUARTERS' OPERATIONAL EXPENSES FOR IMA INNOVATIONS: SALARIES AND BENEFITS, AND OCCUPANCY COST. IMA INNOVATIONS AIMS TO FIND CURRENT-EDGE SOLUTIONS TO CHRONIC HEALTH AND DEVELOPMENT PROBLEMS. IN FY 21, WE CONTINUED TO OUR WORK ON SOLUTIONS TO COMBAT MALARIA AND HIV INFECTION IN THE DEMOCRATIC REPUBLIC OF CONGO, AS WELL AS PROMOTING THE FABRICATION AND USE OF CLEAN COOKSTOVE TECHNOLOGIES TO KEEP FAMILIES SAFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Theys SVP Finance & Admin, CFO | OfficerTrustee | 0 | $0 |
Daniel Speckhard President & CEO | OfficerTrustee | 0 | $0 |
Tim Mccully Evp Impact & Partnership | Officer | 0 | $0 |
Edward Byrd VP External Relations | Officer | 0 | $0 |
Michael Watt VP International Operations | Officer | 0 | $0 |
Derek Reynolds Former VP Business Develop | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vodacom Communications | 9/29/19 | $458,712 |
Radiocom Sarl Communications | 9/29/19 | $146,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,053,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,035,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,089,407 |
| Total Program Service Revenue | $0 |
| Investment income | $20,780 |
| 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 | $13,127,527 |
| 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 | $156,574 |
| 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 | $675,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $655,112 |
| Payroll taxes | $10,265 |
| 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 | $517,153 |
| Advertising and promotion | $226,742 |
| Office expenses | $43,495 |
| Information technology | $83,472 |
| Royalties | $0 |
| Occupancy | $376,221 |
| Travel | $702,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,919 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,984 |
| Insurance | -$4,128 |
| All other expenses | $429,359 |
| Total functional expenses | $10,802,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,987,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $837,799 |
| Accounts receivable, net | $1,788,837 |
| 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 | $15,470 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,364,757 |
| Total assets | $8,994,368 |
| Accounts payable and accrued expenses | $3,148,935 |
| Grants payable | $0 |
| Deferred revenue | $2,933,787 |
| 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 | $6,082,722 |
| Net assets without donor restrictions | $865,327 |
| Net assets with donor restrictions | $2,046,319 |
| 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 | $8,994,368 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ima Innovations has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Osprey Foundation Inc Towson, MD PURPOSE: COOKSTOVES | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Halo Trust Usa Inc Washington, DC | $9,736,478 | $47,613,594 |
Results For Development Institute Inc Washington, DC | $16,759,449 | $40,353,687 |
Lutheran World Relief Inc Baltimore, MD | $72,287,667 | $69,634,457 |
Christian Relief Services Charities Inc Alexandria, VA | $4,032,952 | $38,457,221 |
International Orthodox Christian Charities Inc Baltimore, MD | $21,145,773 | $37,778,660 |
United Palestinian Appeal Inc Washington, DC | $6,253,375 | $30,902,975 |
Christian Relief Services Charities Inc Alexandria, VA | $1,058,086 | $23,184,836 |
Evidence Action Inc Washington, DC | $85,532,359 | $22,021,780 |
Blumont International Inc Arlington, VA | $12,865,572 | $19,569,982 |
Dr Pradip And Kumkum Ghosh Foundation Inc Ellicott City, MD | $53,748,610 | $18,352,785 |
Gleaning For The World Inc Concord, VA | $12,160,365 | $11,390,037 |
Coptic Orphans Support Association Merrifield, VA | $53,399,454 | $18,274,988 |