Imagineers Foundation Inc
Imagineers Foundation Inc. shows highly volatile revenue with minimal liabilities and no reported officer compensation.
EIN: 200856784 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15K |
| Total Expenses | $18K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $400,000. |
| Net Assets | $433K |
| Transparency Score | 65/100 |
Is Imagineers Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Imagineers Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Imagineers Foundation Inc
Imagineers Foundation Inc (EIN: 200856784) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $15K and total assets of $380K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Imagineers Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Imagineers Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $18K |
| Surplus / Deficit | $-2,583 |
| Total Assets | $433K |
| Total Liabilities | $1 |
| Net Assets | $433K |
| Operating Margin | -17.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 293.7 months |
Financial Health Grade: B
In 2023, Imagineers Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 293.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Imagineers Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +520.3% | +0.7% | -0.6% |
| 2022 | -83.9% | +26.8% | -3.4% |
| 2021 | -99.0% | -98.8% | +0.3% |
| 2020 | +32803.1% | +31608.8% | +438.6% |
| 2019 | -86.2% | -89.2% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Imagineers Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Imagineers Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten filings, indicating that its leadership is either entirely volunteer-based or compensated through means not categorized as officer compensation, which is unusual for an organization with assets reaching over $400,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Imagineers Foundation Inc's IRS 990 filings:
- Highly inconsistent revenue, with a massive spike in 2020 followed by significant declines, making financial planning and sustainability uncertain.
- Expenses frequently exceed revenue in recent years (e.g., 2023: $17,700 expenses vs. $15,117 revenue; 2022: $17,580 expenses vs. $2,437 revenue), indicating potential operational deficits.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency and administrative overhead.
Strengths
The following positive indicators were identified for Imagineers Foundation Inc:
- Consistently reports minimal liabilities ($1), indicating strong financial solvency and low debt.
- Reports 0% officer compensation across all filings, suggesting a highly lean operational structure or volunteer leadership.
- Maintains a significant asset base (e.g., $379,805 latest assets) relative to its recent operational revenues, providing a financial cushion.
Frequently Asked Questions about Imagineers Foundation Inc
Is Imagineers Foundation Inc a legitimate charity?
Imagineers Foundation Inc (EIN: 200856784) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $15K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Imagineers Foundation Inc spend its money?
Imagineers Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Imagineers Foundation Inc tax-deductible?
Imagineers Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200856784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Imagineers Foundation Inc CEO make?
Imagineers Foundation Inc's highest-compensated officer earns $400,000. annually. The organization reported $15K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Imagineers Foundation Inc's spending goes to programs?
Imagineers Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Imagineers Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Imagineers Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Imagineers Foundation Inc located?
Imagineers Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 200856784. It is classified under NTEE code T20.
How many years of IRS 990 filings does Imagineers Foundation Inc have?
Imagineers Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15K in total revenue.
What caused the significant revenue spike in 2020 and subsequent decline?
The provided data shows a revenue of $1,483,931 in 2020, a stark contrast to revenues of $15,147 in 2021 and $2,437 in 2022. Understanding the source of this large influx and why it wasn't sustained is crucial for assessing future financial stability.
How does Imagineers Foundation Inc. operate without any reported officer compensation?
With 0% officer compensation reported across all filings, it suggests a volunteer-led model. It would be important to understand how the organization sustains its operations and leadership without paid executives, especially given its asset base.
What are the specific program activities and their associated costs?
The provided data lacks a detailed breakdown of expenses into program, administrative, and fundraising categories. Knowing how the reported expenses (e.g., $17,700 in 2023) are allocated to actual programs would clarify its impact and efficiency.
Filing History
IRS 990 filing history for Imagineers Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Imagineers Foundation Inc's revenue has declined by 13.6%, moving from $18K to $15K. Total assets increased by 497.3% over the same period, from $73K to $433K. Total functional expenses fell by 87.1%, from $137K to $18K. In its most recent filing year (2023), Imagineers Foundation Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $433K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $433K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $18K | $433K | $1 | — | — |
| 2022 | $2K | $18K | $436K | $1 | — | View 990 |
| 2021 | $15K | $14K | $451K | $1 | — | — |
| 2020 | $1.5M | $1.1M | $450K | $1 | — | — |
| 2019 | $5K | $4K | $83K | $1 | — | View 990 |
| 2015 | $33K | $33K | $84K | $1 | — | View 990 |
| 2014 | $112K | $34K | $84K | $1 | — | View 990 |
| 2013 | $27K | $26K | $5K | $1 | — | View 990 |
| 2012 | $5K | $73K | $5K | $1 | — | View 990 |
| 2011 | $18K | $137K | $73K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $18K, and assets of $433K (revenue +520.3% year-over-year).
- 2022: Revenue of $2K, expenses of $18K, and assets of $436K (revenue -83.9% year-over-year).
- 2021: Revenue of $15K, expenses of $14K, and assets of $451K (revenue -99.0% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.1M, and assets of $450K (revenue +32803.1% year-over-year).
- 2019: Revenue of $5K, expenses of $4K, and assets of $83K (revenue -86.2% year-over-year).
- 2015: Revenue of $33K, expenses of $33K, and assets of $84K (revenue -70.7% year-over-year).
- 2014: Revenue of $112K, expenses of $34K, and assets of $84K (revenue +316.5% year-over-year).
- 2013: Revenue of $27K, expenses of $26K, and assets of $5K (revenue +437.2% year-over-year).
- 2012: Revenue of $5K, expenses of $73K, and assets of $5K (revenue -71.4% year-over-year).
- 2011: Revenue of $18K, expenses of $137K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Imagineers Foundation Inc:
Data Sources and Methodology
This transparency report for Imagineers Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.