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Imsa Educational Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Employment, Job-Related / Employment Procurement Assistance, Job Training (NTEE)

Donations to this organization are tax deductible.

Details

According to its April 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$364k (2023)

Expenses
$583k (2023)

Total Assets
$1.82M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending April
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$363,798
Expenses
$583,115
Net Income
-$219,317
Net Assets
$1,815,027
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $341,470
93.9%
Investment Income $22,328
6.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $112,997
19.4%
Professional Fundraising Fees $0
Other Salaries and Wages $24,502
4.2%
Assets/Debt
Total Assets $1,815,027
Total Liabilities $0
Net Assets $1,815,027
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Douglas M Aiken (Secretary/Treasurer) $94,497 $0 $0
Ted Gilfert (President) $0 $0 $0
Carl Zabel (Vice Presiden) $0 $0 $0
Timothy M Soverino (Director) $0 $0 $0
Steve Parduhn (Director) $0 $0 $0
Jeffrey Knight (Director) $0 $0 $0
Hans Kristensen (Director) $0 $0 $0
Mario Bulhoes (Director) $0 $0 $0

Document Links

Fiscal Year Ending April
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$314,696
Expenses
$314,285
Net Income
$411
Net Assets
$2,034,344
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $303,312
96.4%
Investment Income $11,384
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $140,084
44.6%
Professional Fundraising Fees $0
Other Salaries and Wages $28,750
9.1%
Assets/Debt
Total Assets $2,036,450
Total Liabilities $2,106
Net Assets $2,034,344
Compensation
Key Employees and Officers Compensation Related Other
Douglas M Aiken (Secretary/Treasurer) $120,000 $0 $0
Ted Gilfert (President) $0 $0 $0
Carl Zabel (Vice Presiden) $0 $0 $0
Timothy M Soverino (Director) $0 $0 $0
Steve Parduhn (Director) $0 $0 $0
Jeffrey Knight (Director) $0 $0 $0
Hans Kristensen (Director) $0 $0 $0
Mario Bulhoes (Director) $0 $0 $0

Document Links

Fiscal Year Ending April
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,024
Expenses
$87,159
Net Income
$97,865
Net Assets
$2,033,933
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $161,478
87.3%
Investment Income $23,546
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $29,700
34.1%
Assets/Debt
Total Assets $2,034,510
Total Liabilities $577
Net Assets $2,033,933
Compensation
Key Employees and Officers Compensation Related Other
Ted Gilfert (President) $0 $0 $0
Carl Zabel (Vice Presiden) $0 $0 $0
Douglas M Aiken (Secretary/Treasurer) $0 $0 $0
Timothy M Soverino (Director) $0 $0 $0
Steve Parduh (Director) $0 $0 $0
Jeffrey Knight (Director) $0 $0 $0
Hans Kristensen (Director) $0 $0 $0
Mario Bullhoes (Director) $0 $0 $0

Document Links

Fiscal Year Ending April
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$391,885
Expenses
$149,709
Net Income
$242,176
Net Assets
$1,936,068
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $370,162
94.5%
Investment Income $21,723
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $28,600
19.1%
Assets/Debt
Total Assets $1,938,560
Total Liabilities $2,492
Net Assets $1,936,068

Document Links

Fiscal Year Ending April
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$378,621
Expenses
$115,982
Net Income
$262,639
Net Assets
$1,693,892
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $370,778
97.9%
Investment Income $7,843
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $29,150
25.1%
Assets/Debt
Total Assets $1,695,391
Total Liabilities $1,499
Net Assets $1,693,892

Document Links

Fiscal Year Ending April
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$306,521
Expenses
$94,027
Net Income
$212,494
Net Assets
$1,431,253
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $302,018
98.5%
Investment Income $4,503
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,950
24.4%
Assets/Debt
Total Assets $1,433,182
Total Liabilities $1,929
Net Assets $1,431,253

Document Links

Fiscal Year Ending April
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$301,851
Expenses
$146,046
Net Income
$155,805
Net Assets
$1,218,759
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $299,438
99.2%
Investment Income $2,413
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,400
16.0%
Assets/Debt
Total Assets $1,219,251
Total Liabilities $492
Net Assets $1,218,759

Document Links

Fiscal Year Ending April
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$324,312
Expenses
$149,381
Net Income
$174,931
Net Assets
$1,062,954
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $322,175
99.3%
Investment Income $2,137
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,400
15.7%
Assets/Debt
Total Assets $1,065,446
Total Liabilities $2,492
Net Assets $1,062,954

Document Links

Fiscal Year Ending April
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$181,434
Expenses
$264,850
Net Income
-$83,416
Net Assets
$888,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $179,661
99.0%
Investment Income $1,773
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,850
9.0%
Assets/Debt
Total Assets $889,714
Total Liabilities $1,691
Net Assets $888,023

Document Links

Fiscal Year Ending April
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$163,025
Expenses
$200,121
Net Income
-$37,096
Net Assets
$971,439
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $161,905
99.3%
Investment Income $1,120
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,400
11.7%
Assets/Debt
Total Assets $976,586
Total Liabilities $5,147
Net Assets $971,439

Document Links

Fiscal Year Ending April
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$242,127
Expenses
$83,962
Net Income
$158,165
Net Assets
$1,008,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $237,493
98.1%
Investment Income $4,634
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,400
27.9%
Assets/Debt
Total Assets $1,040,053
Total Liabilities $31,518
Net Assets $1,008,535

Document Links

Fiscal Year Ending April
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,009
Expenses
$91,887
Net Income
$112,122
Net Assets
$850,370
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $200,273
98.2%
Investment Income $3,736
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,400
25.5%
Assets/Debt
Total Assets $898,370
Total Liabilities $48,000
Net Assets $850,370

Document Links

Fiscal Year Ending April
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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