Totals
- Total revenue
- $32,369,159
- Total expenses
- $17,502,045
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $32,369,159
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $123,985,114
- Total liabilities, end of year
- $3,305,886
- Net assets or fund balances, end of year
- $120,679,228
- Program services expenses (Part IX)
- $12,736,011
- Management and general expenses
- $4,766,034
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,736,011
Program services were 72.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MANAGEMENT FEE
total $32,369,159 · related or exempt $32,369,159
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,582,030 · management and general $1,582,030
-
7 · Other salaries and wages
total $9,422,979 · program services $7,538,383 · management and general $1,884,596
-
11b · Fees: legal
total $154,991 · program services $123,993 · management and general $30,998
-
11c · Fees: accounting
total $217,808 · program services $174,246 · management and general $43,562
-
11g · Fees: other
total $793,810 · program services $635,048 · management and general $158,762
-
12 · Advertising and promotion
total $407,284 · program services $325,827 · management and general $81,457
-
13 · Office expenses
total $333,989 · program services $267,191 · management and general $66,798
-
14 · Information technology
total $430,845 · program services $344,676 · management and general $86,169
-
16 · Occupancy
total $806,304 · program services $645,043 · management and general $161,261
-
17 · Travel
total $1,166,834 · program services $933,467 · management and general $233,367
-
22 · Depreciation, depletion and amortization
total $27,440 · program services $21,952 · management and general $5,488
-
23 · Insurance
total $32,024 · program services $25,619 · management and general $6,405
-
24a · Other expenses: MISC. EXPENSES/G&A
total $1,380,477 · program services $1,104,382 · management and general $276,095
-
24b · Other expenses: PROFESSIONAL DEVELOPMENT
total $458,957 · program services $367,166 · management and general $91,791
-
24c · Other expenses: COMMUNICATION EXPENSE
total $174,491 · program services $139,593 · management and general $34,898
-
24d · Other expenses: FINANCE & BANK FEES
total $108,638 · program services $86,910 · management and general $21,728
-
24e · All other expenses
total $3,144 · program services $2,515 · management and general $629
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $645,143 · end of year $668,002
-
4 · Accounts receivable
beginning of year $11,533,789 · end of year $12,136,100
-
9 · Prepaid expenses and deferred charges
beginning of year $4,316 · end of year $2,895
-
10a · Land, buildings and equipment: cost or other basis
$1,181,536
-
10c · Land, buildings and equipment, net
beginning of year $1,234,409 · end of year $1,181,536
-
15 · Other assets
beginning of year $97,230,273 · end of year $109,996,581
-
17 · Accounts payable and accrued expenses
beginning of year $4,835,816 · end of year $3,305,886
-
27 · Net assets without donor restrictions
beginning of year -$14,093,594 · end of year $773,520
-
28 · Net assets with donor restrictions
beginning of year $119,905,708 · end of year $119,905,708
Mission and programs · 2022
Mission
IMAGINE SCHOOLS INC.'S VISION IS FOR EVERY CHILD TO REACH HIS OR HER FULL POTENTIAL AND DISCOVER PATHWAYS FOR LIFE-LONG SUCCESS. AS A NATIONAL FAMILY OF PUBLIC CHARTER SCHOOL CAMPUSES, IMAGINE SCHOOLS INC.'S MISSION IS TO PARTNER WITH PARENTS AND GUARDIANS IN THE EDUCATION OF THEIR CHILDREN BY PROVIDING HIGH QUALITY SCHOOLS THAT PREPARE STUDENTS FOR LIVES OF LEADERSHIP, ACCOMPLISHMENT, AND EXEMPLARY CHARACTER. IMAGINE SCHOOLS INC. PURSUES ITS MISSION UTILIZING THE FOLLOWING OBJECTIVES: CREATE CHOICE FOR PARENTS AND STUDENTS WITHIN THE PUBLIC SCHOOL SYSTEM EMPHASIZE ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT AS THE ESSENTIAL ELEMENTS OF LIFE-LONG SUCCESS ENCOURAGE INNOVATIVE TEACHING PRACTICES THAT INDIVIDUALIZE LEARNING ACCORDING TO THE NEEDS OF EACH STUDENT PROVIDE A SYSTEM OF ACCOUNTABILITY FOR RESULTS IN PUBLIC EDUCATION (I.E. IMAGINE SCHOOLS MEASURES OF EXCELLENCE) SUPPORT PRINCIPALS, TEACHERS, AND SCHOOL STAFF AS THE FRONT-LINE LEADERS AND DECISION-MAKERS, WHO BEST KNOW THE NEE
-
TO ESTABLISH AND OPERATE PUBLIC CHARTER SCHOOLS THAT PROVIDE EDUCATION TO STUDENTS. IMAGINE SCHOOLS INC. SERVED APPROXIMATELY 14,261 STUDENTS IN GRADES K-12 ACROSS 29 SCHOOLS IN FIVE STATES DURING THE YEAR ENDED JUNE 30, 2023.
Expenses $12,736,011 · Revenue $32,369,159
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James McFaddenJAMES MCFADDEN
VP & TREASUR
- Total calculated
- $164,581
- From this org
- $110,269
- From related orgs
- $54,312
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $110,269 + $54,312 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $110,269 + $54,312 related
-
Jason BryantJASON BRYANT
CEO AND PRES
- Total calculated
- $241,384
- From this org
- $161,727
- From related orgs
- $79,657
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,727 + $79,657 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $161,727 + $79,657 related
-
Barry SharpBARRY SHARP
CFO
- Total calculated
- $408,720
- From this org
- $273,842
- From related orgs
- $134,878
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $273,842 + $134,878 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $273,842 + $134,878 related
-
Diane ThorneDIANE THORNE
EXECUTIVE VP
- Total calculated
- $171,184
- From this org
- $114,693
- From related orgs
- $56,491
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $114,693 + $56,491 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $114,693 + $56,491 related
-
Amy ButtkeAMY BUTTKE
EXECUTIVE VP
- Total calculated
- $164,581
- From this org
- $164,581
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,581
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $164,581
-
Monte LangeMONTE LANGE
EXECUTIVE VP
- Total calculated
- $167,181
- From this org
- $112,011
- From related orgs
- $55,170
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $112,011 + $55,170 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $112,011 + $55,170 related
-
Rod SasseROD SASSE
EXECUTIVE VP
- Total calculated
- $181,064
- From this org
- $121,313
- From related orgs
- $59,751
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $121,313 + $59,751 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $121,313 + $59,751 related
-
Shawn TolerSHAWN TOLER
EXECUTIVE VP
- Total calculated
- $165,360
- From this org
- $110,791
- From related orgs
- $54,569
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $110,791 + $54,569 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $110,791 + $54,569 related
-
Brad UchaczBRAD UCHACZ
EXECUTIVE VP
- Total calculated
- $167,181
- From this org
- $112,011
- From related orgs
- $55,170
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $112,011 + $55,170 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $112,011 + $55,170 related
-
Isabel BerioISABEL BERIO
SR VP & SECR
- Total calculated
- $195,936
- From this org
- $131,277
- From related orgs
- $64,659
- Other
- $0
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $131,277 + $64,659 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $131,277 + $64,659 related
-
Marisa PreussMARISA PREUSS
CHIEF COMMUN
- Total calculated
- $134,116
- From this org
- $89,858
- From related orgs
- $44,258
- Other
- $0
- Hours/week
- 27 + 13 related
-
Eileen BakkeEILEEN BAKKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert HaftROBERT HAFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John RuggirelloJOHN RUGGIRELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
IMAGINE SCHOOLS NON-PROFIT INC
501C3 · SCHOOL · VA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CA NORTH LAUDERDALE LLC
R/E RENTAL · FL · income $526,187
-
CA WESTON LLC
R/E RENTAL · FL
-
CHANCELLOR ACADEMIES ARIZONA LLC
R/E RENTAL · AZ
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ISNP SCHOOLHOUSE HOLDING CO INC
R/E RENTAL · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349310320
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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