Imagine Academy Corp

Tax-deductible

Stoughton, WI501(c)(3)Since 2022Youth DevelopmentEIN 85-3711601

To provide educational and recreational teaching to all children. This means including children with any kind of cognitive disability or non disability. Creating a place where all children feel equal

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$212K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $55K a year · 12% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$212K
to officers and key staff · 47% of spending
Top officer’s pay higher than 90% of similar orgs
Concern: pay to officers and key staff is 47% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$492K
-0.1% vs prior year
Spent
$448K
To programs
100%
Net assets
$225K
By yearFY2022–FY2025
Revenue
$492K
FY2025-0.1%
Revenue by fiscal year
FY2022$193K
FY2023$369K
FY2024$493K
FY2025$492K
Expenses
$448K
FY2025▲ +10%
Expenses by fiscal year
FY2022Not on file
FY2023$335K
FY2024$407K
FY2025$448K
Net assets
$225K
FY2025▲ +25%
Net assets by fiscal year
FY2022$63K
FY2023$94K
FY2024$180K
FY2025$225K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $448K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990; $212K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Chief Executive Director
$106,004Pt VII · Sec A
Co-Chief Executive Director
$105,987Pt VII · Sec A

James Brooks’s $106K as Co-Chief Executive Director is at the 90th percentile of top reported officer pay among 1993 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2022
James Brooks$106,004——
Sarah Ames$105,987——
Sarah Macfarland—$90,840$57,006
James Brooks—$81,678$57,006

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Helps children build social, emotional, and physical skills.

Provided by the organization

This section is blank until Imagine Academy Corp claims this page.

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1 program service account for $448K of program spending, described in the organization's own filed words · FY2025.
01

Imagine Academys main program is a day camp that centers around helping children develop social-emotional and physical development skills.

$448Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$492K
Ln 12
Fees for servicesLn 2g$442K
Gifts and grantsLn 1h$43K
Investment incomeLn 3$7K
Money outPt IX
$448K
Ln 25
Programscol B$448K
Owns and owesPt X
$225K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$229K
LiabilitiesLn 26$4K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fundraising eventsLn 1c$9K
Fees for servicesLn 2g$442K
Investment incomeLn 3$7K
Other incomeLn 4–11$14
Total revenueLn 12$492K
Assets in detailPt X, end of year
CashLn 1$160K
Cash and savings togetherLn 1–2$160K
Land, buildings, equipmentLn 10c$43K
Total assetsLn 16$229K
LiabilitiesLn 26$4K
Net assetsLn 32$225K
OperationsPt I, VI
EmployeesI 511
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$115K$160K
Land, buildings, equipmentLn 10c$34K$43K
Total assetsLn 16$188K$229K
LiabilitiesLn 26$8K$4K
Net assetsLn 32$180K$225K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$160$160
Pay of current officers, directors and key staffLn 5$217K$217K
Other salaries and wagesLn 7$62K$62K
Other employee benefitsLn 9$30K$30K
Payroll taxesLn 10$23K$23K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$136$136
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$32K$32K
OccupancyLn 16$22K$22K
InterestLn 20$256$256
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$448K$448K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $492K$448K$45K$225K 990 PDF
FY2024 $493K$407K$86K$180K 990 PDF
FY2023 $369K$335K$34K$94K 990 PDF
FY2022 $193K$63K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $492,413 across 8 lines filed
VIII-1c Fundraising events$8,982
VIII-1f All other contributions, gifts and grants$33,786
VIII-1h Total contributions, gifts and grants$42,768
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $442,171$442,171
VIII-3 Investment incomeRelated to mission $7,460$7,460
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14$14
VIII-12 Total revenueRelated to mission $449,645 · Unrelated business $0 · Excluded from tax $0$492,413
Part IX · Statement of functional expenses $447,627 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $160$160
IX-5 Pay of current officers, directors and key staffPrograms $217,150$217,150
IX-7 Other salaries and wagesPrograms $61,513$61,513
IX-9 Other employee benefitsPrograms $30,197$30,197
IX-10 Payroll taxesPrograms $23,257$23,257
IX-11c Accounting feesPrograms $14,345$14,345
IX-11g Other fees for servicesPrograms $136$136
IX-12 Advertising and promotionPrograms $3,928$3,928
IX-13 Office expensesPrograms $31,510$31,510
IX-16 OccupancyPrograms $22,400$22,400
IX-20 InterestPrograms $256$256
IX-22 Depreciation, depletion and amortizationPrograms $12,313$12,313
IX-23 InsurancePrograms $15,146$15,146
IX-24 Other expenses (24a–d)Programs $15,316$15,316
IX-25 Total functional expensesPrograms $447,627 · Management $0 · Fundraising $0$447,627
Part X · Balance sheet $229,068 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $115,324$160,024
X-4 Accounts receivableStart of year $640$438
X-9 Prepaid expenses and deferred chargesStart of year $38,274$25,400
X-10c Land, buildings and equipment, netStart of year $33,783$43,206
X-16 Total assetsStart of year $188,021$229,068
X-17 Accounts payable and accrued expensesStart of year $800$1,047
X-26 Total liabilitiesStart of year $8,227$4,488
X-27 Net assets without donor restrictionsStart of year $179,794$224,580
X-32 Total net assets or fund balancesStart of year $179,794$224,580
X-33 Total liabilities and net assetsStart of year $188,021$229,068
Part XI · Reconciliation of net assets $224,580 net assets at year end
XI-1 Total revenue$492,413
XI-2 Total expenses$447,627
XI-3 Revenue less expenses$44,786
XI-4 Net assets at start of year$179,794
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$224,580

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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