You’re viewing the FY2021 filing — not the latest on file.
See the latest (FY2025) →
Is it real?
Yes. Exemption reinstated (2024-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
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
4 people listed on the 990.
Part VII, Section A · reportable compensation
Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec 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 15aNo
Programs and updates
Hosts arts, charity, and education events downtown.
Questions for Ultimate Imaginations INC
Your first name shows with your question. Ultimate Imaginations INC answers here, for everyone.
1 program · $213K · in their own filed words · FY2020
01
Events
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2532863) · Dispute this line$213Kprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · funders on record
Grants received · FY2022
The Allstate FoundationFY2022$500
Total grants receivedfrom 1 funder$500
By the numbers
The FY2021 990, line by line.
Download 990
1The main four
Money inPt VIII
$36K
Ln 12
Fees for servicesLn 2g$36K
Money outPt IX
$213K
Ln 25
Programscol B$213K
Owns and owesPt X
$260K
net assets · Ln 32
Cash and savingsLn 1–2$257K
Total assetsLn 16$266K
LiabilitiesLn 26$5K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$36K
Total revenueLn 12$36K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$257K
Prepaid expenses and deferred chargesLn 9$9K
Land, buildings, equipmentLn 10c$160
Total assetsLn 16$266K
LiabilitiesLn 26$5K
Net assetsLn 32$260K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $441K | $257K |
| Land, buildings, equipmentLn 10c | $0 | $160 |
| Total assetsLn 16 | $459K | $266K |
| LiabilitiesLn 26 | $0 | $5K |
| Net assetsLn 32 | $459K | $260K |
4Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $2K | $2K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $0 | $0 | $0 | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $54K | $54K | $0 | $0 |
| Pension plan contributionsLn 8 | $0 | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $0 | $0 | $0 | $0 |
| Payroll taxesLn 10 | $611 | $611 | $0 | $0 |
| Management feesLn 11a | $16K | $16K | $0 | $0 |
| Legal feesLn 11b | $3K | $3K | $0 | $0 |
| Accounting feesLn 11c | $0 | $0 | $0 | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $0 | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $0 | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $110K | $110K | $0 | $0 |
| Office expensesLn 13 | $3K | $3K | $0 | $0 |
| Information technologyLn 14 | $0 | $0 | $0 | $0 |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $0 | $0 | $0 | $0 |
| TravelLn 17 | $0 | $0 | $0 | $0 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $0 | $0 | $0 | $0 |
| InterestLn 20 | $0 | $0 | $0 | $0 |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $15K | $15K | $0 | $0 |
| InsuranceLn 23 | $9K | $9K | $0 | $0 |
| All other expensesLn 24e | $181 | $181 | $0 | $0 |
| Total functional expensesLn 25 | $213K | $213K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Mar 6, 2026 | $209K | $173K | $36K | $63K | 990 PDF |
| FY2024Filed with the IRS Sep 15, 2025 | $212K | $124K | $88K | $326K | 990 PDF |
| FY2023 | Not on file | ||||
| FY2022 | Not on file | ||||
| FY2021 ViewingFiled with the IRS May 6, 2022 | $36K | $213K | −$177K | $260K | 990 PDF |
Schedules filed Part IV
A · Public support
I · Grants
O · Explanations
See the full FY2021 990
Part I · Summary $36,198 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,000$0
I-9 Program service revenuePrior year $159,102$36,198
I-10 Investment incomePrior year $541$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $179,643$36,198
I-13 Grants and similar amounts paidPrior year $21,319$0
I-14 Benefits paid to membersPrior year $0$1,857
I-15 Salaries and benefitsPrior year $35,000$54,582
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $278,808$156,837
I-18 Total expensesPrior year $335,127$213,276
I-19 Revenue less expensesPrior year −$155,484−$177,078
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $36,198 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,198 · Unrelated business $0 · Excluded from tax $0$36,198
VIII-12 Total revenueRelated to mission $36,198 · Unrelated business $0 · Excluded from tax $0$36,198
Part IX · Statement of functional expenses $213,276 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $1,857$1,857
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $53,971 · Management $0 · Fundraising $0$53,971
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $611 · Management $0 · Fundraising $0$611
IX-11a Management feesPrograms $16,000 · Management $0 · Fundraising $0$16,000
IX-11b Legal feesPrograms $3,234 · Management $0 · Fundraising $0$3,234
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $110,225 · Management $0 · Fundraising $0$110,225
IX-13 Office expensesPrograms $3,244 · Management $0 · Fundraising $0$3,244
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $14,731 · Management $0 · Fundraising $0$14,731
IX-23 InsurancePrograms $9,222 · Management $0 · Fundraising $0$9,222
IX-24e All other expensesPrograms $181 · Management $0 · Fundraising $0$181
IX-25 Total functional expensesPrograms $213,276 · Management $0 · Fundraising $0$213,276
Part X · Balance sheet $265,905 assets, 25 lines filed
X-1 Cash, non-interest-bearingStart of year $5,527$6,471
X-2 Savings and temporary cash investmentsStart of year $435,287$250,322
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $10,074$0
X-9 Prepaid expenses and deferred chargesStart of year $8,211$8,952
X-10c Land, buildings and equipment, netStart of year $0$160
X-16 Total assetsStart of year $459,099$265,905
X-17 Accounts payable and accrued expensesStart of year $0$1,150
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$4,290
X-26 Total liabilitiesStart of year $0$5,440
X-27 Net assets without donor restrictionsStart of year $459,099$260,465
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $459,099$260,465
X-33 Total liabilities and net assetsStart of year $459,099$265,905
Part XI · Reconciliation of net assets $260,465 net assets at year end
XI-1 Total revenue$36,198
XI-2 Total expenses$213,276
XI-3 Revenue less expenses−$177,078
XI-4 Net assets at start of year$459,099
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$21,556
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$260,465
Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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