Big Imagination Foundation is located in Laguna Beach, CA. The organization was established in 2015. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Imagination Foundation 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 undefined, Big Imagination Foundation generated $30.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (35.0%) each year. All expenses for the organization totaled $43.3k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Mission:
Part 3 - Line 1
INCUBATE & SUPPORT PROJECTS OF ART, ARCHITECTURE,TECHNOLOGY & ENGINEERING FOR COMMUNITY PARTICIPATION/ IMPROVEMENT AND EDUCATIONAL AWARENESS
Describe the Organization's Program Activity:
Part 3
747 ART CAR PROJECT: TRANSFORMING BOEING 747 INTO GIANT,MOVEABLE,INTERACTIVE EXPERIENCE FOR PARTICIPANTS OF BURNING MAN & BEYOND. PROJECT UTILIZES ARTS, ARCHITECTURE,TECHNOLGY & ENGINERRING TO SHOWCASE TALENT & IMAGINATION. PROJECT INCLUDES THEME CAMP AND LECTURES TO PROMOTE THE ORGANIZATION'S MISSION.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Feldman CEO | 20 | $0 | |
Yikwang Jonathan Teo Secretary | 1 | $0 | |
Justin Newton Board Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $544 |
| Total Program Service Revenue | $27,900 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $2,000 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,449 |
| Statement of Expenses | |
|---|---|
| Total expenses | $43,261 |
| Balance Sheet | |
|---|---|
| Total assets | $300,744 |
| Total liabilities | $60,000 |
| Net assets or fund balances | $240,744 |