Is it real?
Yes. Exemption reinstated (2014-11-15). Per the IRS revocation list. Files the 990-N e-Postcard (latest 2019). Last full Form 990: 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $60K paid to officers and key staff (Part VII, Section A).
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Supports children's creativity and entrepreneurship globally through finding, fostering, and funding.
Questions for Imagination Foundation
Your first name shows with your question. Imagination Foundation answers here, for everyone.
In july 1, 2018, imagination foundation ceased all program activities in anticipation of a future acquisition.
Form 990 Part III, line 4, FY2018. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0742986) · Dispute this lineBy the numbers
The FY2019 990, line by line.
Download 990
| Line | Start FY19 | End FY19 |
|---|---|---|
| Cash and savingsLn 1–2 | $20K | $0 |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $6K | $0 |
| Total assetsLn 16 | $144K | $0 |
| LiabilitiesLn 26 | $34K | $0 |
| Net assetsLn 32 | $110K | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $21K | $21K | ||
| Other employee benefitsLn 9 | $1K | $1K | ||
| Legal feesLn 11b | $10K | $10K | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Advertising and promotionLn 12 | $889 | $889 | ||
| Office expensesLn 13 | $3K | $3K | ||
| Information technologyLn 14 | $5K | $5K | ||
| OccupancyLn 16 | $3K | $3K | ||
| TravelLn 17 | $98 | $98 | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $518 | $518 | ||
| Other expenses (24a–d)Ln 24 | $60K | $60K | ||
| Total functional expensesLn 25 | $110K | $0 | $110K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2019 Latest ViewingFiled with the IRS Mar 12, 2021 | $0 | $110K | −$110K | $0 | 990 PDF |
Files the 990-N e-Postcard (latest 2019). Last full Form 990: 2018. The 990-N has no money details, and postcard years before 2019 are not published by the IRS.
Schedules filed Part IV
See the full FY2019 990
Part I · Summary $0 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $0 across 1 lines filed
Part IX · Statement of functional expenses $109,946 across 12 lines filed
Part X · Balance sheet $0 assets, 19 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File
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