Big Imagination Foundation
- Assets
- $300.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- 07/2015
- Data as of
- 09/2021
- EIN
- 47-2543556
Organization Overview
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 09/2021, Big Imagination Foundation generated $30.4k 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 (39.5%) each year. All expenses for the organization totaled $43.3k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (29.8%) per year over the past 6 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
2021
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Feldman CEO | 20 | $0 | |
Yikwang Jonathan Teo Secretary | 1 | $0 | |
Justin Newton Board Member | 1 | $0 |
Financial Statements
| 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 | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,760 |
| Occupancy, rent, utilities, and maintenance | $10,716 |
| Printing, publications, postage, and shipping | $1,636 |
| Other expenses | $25,149 |
| Total expenses | $43,261 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,519 |
| Other assets | $0 |
| Total assets | $300,744 |
| Total liabilities | $60,000 |
| Net assets or fund balances | $240,744 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Big Imagination Foundation has recieved totaling $90.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Endowment Analysis
| Beg. Balance | $49,892 |
| Earnings | $6 |
| Admin Expense | $150 |
| Ending Balance | $49,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Science Center Phoenix, AZ | $42,216,193 | $8,552,615 |
Arizona Aerospace Foundation Inc Tucson, AZ | $18,675,061 | $9,727,919 |
Discovery Science Center Of Los Angeles Sylmar, CA | $18,703,953 | $7,039,819 |
San Diego Air & Space Museum San Diego, CA | $10,386,461 | $7,577,855 |
Arizona Diamondbacks Foundation Inc Phoenix, AZ | $3,130,181 | $5,576,450 |
Evergreen Aviation And Space Museum And The Captain Michael King Smith Mcminnville, OR | $3,113,905 | $4,749,913 |
World Of Speed Wilsonville, OR | $3,593,305 | $2,665,712 |
Scienceworks Hands-On Museum Ashland, OR | $1,437,055 | $1,122,594 |
World Of Wonders Science Museum Inc Lodi, CA | $3,555,384 | $1,048,536 |
Soaring By The Sea Foundation Eugene, OR | $1,182,734 | $916,536 |
Eugene Science Center Inc Eugene, OR | $1,600,237 | $882,210 |
Las Vegas Pinball Collectors Club Las Vegas, NV | $10,545,892 | $1,422,913 |