Imagine Schools Non-Profit Inc
- Assets
- $90.8m
- Revenue
- $57.1m
- Investments
- $56.2m
- Employees
- 1,307
- Location
- Vienna, VA
- Founding
- 06/2012
- Data as of
- 06/2020
- EIN
- 20-3590526
Organization Overview
Imagine Schools Non-Profit Inc is located in Vienna, VA. The organization was established in 2012. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2020, Imagine Schools Non-Profit Inc employed 1,307 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Imagine Schools Non-Profit Inc generated $57.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $60.8m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Imagine Schools Non-Profit Inc has awarded 27 individual grants totaling $13,103,421. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
IMAGINE SCHOOLS NON-PROFIT'S VISION IS FOR EVERY CHILD TO REACH HIS OR HER FULL POTENTIAL AND DISCOVER PATHWAYS FOR LIFE-LONG SUCCESS. AS A NATIONAL FAMILY OF PUBLIC CHARTER SCHOOL CAMPUSES, IMAGINE SCHOOLS NON-PROFIT'S MISSSION IS TO PARTNER WITH PARENTS AND GUARDIANS IN THE EDUCATION OF THEIR CHILDREN BY PROVIDING HIGH QUALITY SCHOOLS THAT PREPARE STUDENTS FOR LIVES OF LEADERSHIP, ACCCOMPLISHMENT, AND EXEMPLARY CHARACTER. IMAGINE SCHOOLS NON-PROFIT PURSUES ITS MISSION UTILIZING THE FOLLOWING OBJECTIVES: CREATE CHOICE FOR PARENTS AND STUDENTS WITHIN THE PUBLIC SCHOOL SYSTEM. EMPHASIZE ACADEMIC EXELLENCE AND CHARACTER DEVELOPMENT AS THE ESSENTIAL ELEMENTS OF LIFE-LONG SUCCESS. ENCOURAGE INNOVATIVE TEACHING PRACTICES THAT INDIVIDUALIZE LEARNING ACCORDING TO THE NEEDS OF EACH STUDENT. PROVIDE A SYSTEM OF ACCOUNTABILITY FOR RESULTS IN PUBLIC EDUCATION (I.E IMAGINE SCHOOLS MEASURES OF EXCELLENCE). SUPPORT PRINCIPALS, TEACHERS, AND SCHOOL STAFF AS THE FRONT-LINE LEADERS AND DECISION-MAKERS,
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND OPERATE PUBLIC CHARTER SCHOOLS THAT PROVIDE EDUCATION TO STUDENTS. ISNP SERVED APPROXIMATELY 12,436 STUDENTS IN GRADES K-12 ACROSS 21 SCHOOLS IN FOUR STATES DURING THE YEAR ENDED JUNE 30, 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Sharp Ceo/cfo/pres | Officer | 13 | $128,700 |
Nancy Hall Chief Academ | Officer | 13 | $66,000 |
Isabel Berio Sec./sr. Vic | Officer | 13 | $56,100 |
Rod Sasse Executive VP | Officer | 13 | $54,450 |
Diane Beatty Executive VP | Officer | 13 | $51,480 |
James Mcfadden VP | OfficerTrustee | 13 | $49,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cre-fp Tysons Corner Jv Llc Rent | 6/29/20 | $213,867 |
Berman Hopkins Wright & Laham Financial Servi | 6/29/20 | $210,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,827,015 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,827,015 |
| Total Program Service Revenue | $3,269,839 |
| Investment income | $0 |
| 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 | $57,096,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,580,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $595,355 |
| Compensation of current officers, directors, key employees. | $119,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,504,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253,818 |
| Advertising and promotion | $0 |
| Office expenses | $56,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,082,762 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $937,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,059,173 |
| Insurance | $793,545 |
| All other expenses | $632,028 |
| Total functional expenses | $60,757,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,779,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,420,274 |
| Accounts receivable, net | $0 |
| 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 | $543,508 |
| Net Land, buildings, and equipment | $19,332,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,228,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $517,552 |
| Total assets | $90,821,472 |
| Accounts payable and accrued expenses | $2,784,708 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,161,583 |
| 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 | $63,059,545 |
| Total liabilities | $85,005,836 |
| Net assets without donor restrictions | -$3,605,399 |
| Net assets with donor restrictions | $9,421,035 |
| 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 | $90,821,472 |
Grants Awarded
Over the last fiscal year, Imagine Schools Non-Profit Inc has awarded $2,580,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Coolidge, AZ PURPOSE: EXPENSES | $725,000 |
Coolidge, AZ PURPOSE: EXPENSES | $625,000 |
Apache Junction, AZ PURPOSE: EXPENSES | $340,000 |
Apache Junction, AZ PURPOSE: EXPENSES | $255,000 |
Surprise, AZ PURPOSE: EXPENSES | $220,000 |
Phoenix, AZ PURPOSE: EXPENSES | $155,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Imagine Schools Non-Profit Inc has recieved totaling $48,961.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $22,172 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $9,480 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $9,142 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $8,167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friendship Public Charter School Washington, DC | $208,704,133 | $111,961,400 |
Imagine Schools Non-Profit Inc Vienna, VA | $90,821,472 | $57,096,854 |
Mcdonogh School Incorporated Owings Mills, MD | $303,028,509 | $66,391,470 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
The East Coast Migrant Head Start Project Raleigh, NC | $12,581,210 | $49,929,989 |
Charlotte Country Day School Charlotte, NC | $213,319,665 | $77,552,004 |
Potomac School Mclean, VA | $218,505,222 | $52,801,468 |
Georgetown Day School Inc Washington, DC | $287,961,903 | $74,613,503 |
Providence Day School Charlotte, NC | $101,423,765 | $47,614,569 |
Mccallie School Inc Chattanooga, TN | $246,097,141 | $52,962,478 |
Bullis School Inc Potomac, MD | $95,071,669 | $48,025,592 |
Flint Hill School Oakton, VA | $96,424,758 | $41,021,926 |