Destination Imagination Inc
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Blackwood, NJ
- Founding
- 08/1988
- Data as of
- 09/2021
- EIN
- 22-2415554
Organization Overview
Destination Imagination Inc is located in Blackwood, NJ. The organization was established in 1988. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2021, Destination Imagination Inc employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Destination Imagination Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Destination Imagination Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $3.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (20.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DESTINATION IMAGINATION, INC. IS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAX VIA SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. DESTINATION IMAGINATION VALUES AND NURTURES CREATIVITY. THROUGH ITS ACTIVITIES DESTINATION IMAGINATION PROVIDES FOR THE DEVELOPMENT OF CREATIVE, SOCIAL, ARTISTIC, AND PSYCHOLOGICAL ABILITY BY ORGANIZING AND MANAGING EDUCATIONAL AND HUMAN SERVICE PROGRAMS. DESTINATION IMAGINATION GRANTS USE OF ITS PROGRAM TO MEMBERS WHO ARE EDUCATIONAL INSTITUTIONS, STATE AFFILIATIONS, COMMUNITY GROUPS, OR FOREIGN AFFILIATES LOCATED WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL FINALS (GF) IS NORMALLY AN ANNUAL LIVE EVENT. IN 2021, THE EVENT WAS NOT ABLE TO BE HELD IN PERSON DUE TO THE PANDEMIC. GF IF A COMPETITION FOR THE WINNERS OF OUR AFFILIATES' LOCAL, STATE, AND REGIONAL CHALLENGE COMPETITIONS FROM ARUOND THE WORLD. THESE TOP TEAMS COMPETE IN OUR EDUCATIONAL CHALLENGE PROGRAMS TO DETERMINE TOP TEAMS. THERE WAS AN ON-LINE VERSION HELD IN 2021.
THE IMAGINE EXPERIENCE (CHALLENGE/TEAM/EXPERIENCE PROGRAMS): DESTINATION IMAGINATION DEVELOPS EDUCATIONAL CHALLENGE PROGRAMS FOR USE BY OUR AFFILIATES. THESE CHALLENGES FOCUS ON CREATIVE PROBLEM SOLVING IN AREAS SUCH AS ENGINEERING, SCIENCE, COMMUNITY SERVICE, IMPROVISATION, AND FINE ARTS. THESE CHALLENGE PROGRAMS ARE ACCESSED BY PURCHASING TEAM NUMBERS FROM DESTINATION IMAGINATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Tuck-Ponder Executive Director | Officer | 40 | $180,783 |
Kevin Mcdonough Managing Director Of Inter | 40 | $115,390 | |
Paige Curtis Director Of Strategic Init | 40 | $100,440 | |
Louise Liddle Chair | OfficerTrustee | 2 | $0 |
Will Roach Vice-Chair | OfficerTrustee | 2 | $0 |
Michael Jung Interim Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ut Conferences Global Finals Event | 9/29/17 | $8,822,833 |
Nxlevel Inc Graphics At Global Finals Event | 9/29/17 | $269,905 |
Cequix Technology Solutions Llc It Services | 9/29/17 | $148,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,627 |
| Related organizations | $0 |
| Government grants | $509,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,916 |
| Total Program Service Revenue | $1,066,768 |
| Investment income | $255 |
| 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 | $150 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,872,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $417,751 |
| Compensation of current officers, directors, key employees. | $174,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,035,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,338 |
| Payroll taxes | $123,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,022 |
| Fees for services: Accounting | $25,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,162 |
| Advertising and promotion | $0 |
| Office expenses | $28,674 |
| Information technology | $149,903 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,581 |
| Payments to affiliates | $230 |
| Depreciation, depletion, and amortization | $40,035 |
| Insurance | $79,730 |
| All other expenses | $173,241 |
| Total functional expenses | $3,048,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,298 |
| Savings and temporary cash investments | $82,492 |
| Pledges and grants receivable | $192,000 |
| Accounts receivable, net | $130,942 |
| 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 | $150,102 |
| Net Land, buildings, and equipment | $899,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,808 |
| Accounts payable and accrued expenses | $141,791 |
| Grants payable | $0 |
| Deferred revenue | $129,544 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $350,000 |
| Unsecured mortgages and notes payable | $354,905 |
| Other liabilities | $64,336 |
| Total liabilities | $1,040,576 |
| Net assets without donor restrictions | $73,260 |
| Net assets with donor restrictions | $356,972 |
| 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 | $1,470,808 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Destination Imagination Inc has recieved totaling $506,436.
| Awarding Organization | Amount |
|---|---|
Project Management Institute Educational Foundation Newtown Square, PA PURPOSE: EMPOWER YOUTH THROUGH PROJECT MANAGEMENT | $500,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,988 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $448 |
Endowment Analysis
Peer Organizations
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|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |