Imaginate Foundation Inc
- Assets
- $55.3k
- Revenue
- $55.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 20-8534215
Organization Overview
Imaginate Foundation Inc is located in Coral Gables, FL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imaginate Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Imaginate Foundation Inc has awarded 37 individual grants totaling $530,125. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT WAS PROVIDED TO START AN EDUCATION FUND WHERE WOMEN WHO WANT TO INVEST IN PROGRAMS TO ACCELERATE THEIR GROWTH AND DEVELOPMENT.
GRANT WAS PROVIDED TO SUPPPORT MINORITY YOUTHS IN THEIR EDUCATIONAL ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando C Perez President | 4 | $0 | |
Frank Zelada Vice President | 6 | $0 | |
Chelli Herrera Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $60 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $60 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,346 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,346 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Imaginate Foundation Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE LOVE CANDLE CO PURPOSE: MONEY WILL BE USED TO SUPPPORT MINORITY YOUTHS IN THEIR EDUCATIONAL ENDEAVORS. | $5,000 |
MASTERYOURBOOKSLLC PURPOSE: MONEY WILL BE USED TO START AN EDUCATION FUND WHERE WOMEN WHO WANT TO INVEST IN PROGRAMS TO ACCELERATE THEIR GROWTH AND DEVELOPMENT. | $5,000 |