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Nonprofiteer
← IMAGINE AT BROWARD INC

Form 990 for tax year 2022

Filed by IMAGINE AT BROWARD INC.

Totals

Total revenue
$10,758,783
Total expenses
$10,095,008
Contributions and grants received
$7,908,287
Grants paid
$0
Program service revenue
$1,765,905
Investment income
$67,002
Other revenue
$1,017,589
Total assets, end of year
$31,431,081
Total liabilities, end of year
$29,750,592
Net assets or fund balances, end of year
$1,680,489
Program services expenses (Part IX)
$5,464,010
Management and general expenses
$4,630,998
Fundraising expenses
$0
Program service expenses (Part III)
$5,464,010

Program services were 54.1% 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.

  • 1e · Government grants (contributions)

    $7,908,287

  • 2a · Program service revenue: PRE-K

    total $637,781 · related or exempt $637,781

  • 2b · Program service revenue: SCHOOL AGED CHILD CARE

    total $507,648 · related or exempt $507,648

  • 2c · Program service revenue: FOOD SERVICE SALES

    total $405,391 · related or exempt $405,391

  • 2d · Program service revenue: OTHER SCHOOL COURSES

    total $143,577 · related or exempt $143,577

  • 2e · Program service revenue: SUMMER PROGRAM FEES

    total $71,508 · related or exempt $71,508

  • 3 · Investment income

    total $67,002 · excluded $67,002

  • 8a · Fundraising events: gross income

    $158,006

  • 8b · Fundraising events: direct expenses

    $53,108

  • 8c · Net income from fundraising events

    total $104,898

  • 11a · Other revenue: OTHER LOCAL ACTIVITIES

    total $912,691 · related or exempt $912,691

  • 11e · Other revenue, total

    $912,691

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $947,108 · management and general $947,108

  • 11g · Fees: other

    total $210,988 · program services $21,989 · management and general $188,999

  • 12 · Advertising and promotion

    total $7,177 · management and general $7,177

  • 13 · Office expenses

    total $295,335 · program services $191,304 · management and general $104,031

  • 14 · Information technology

    total $17,065 · program services $14,305 · management and general $2,760

  • 16 · Occupancy

    total $188,075 · management and general $188,075

  • 17 · Travel

    total $130,900 · program services $127,496 · management and general $3,404

  • 20 · Interest

    total $1,208,663 · management and general $1,208,663

  • 22 · Depreciation, depletion and amortization

    total $669,673 · program services $56,523 · management and general $613,150

  • 23 · Insurance

    total $154,415 · management and general $154,415

  • 24a · Other expenses: LEASED EMPLOYEES

    total $5,290,948 · program services $4,531,332 · management and general $759,616

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $337,409 · management and general $337,409

  • 24c · Other expenses: MATERIALS

    total $286,005 · program services $286,005

  • 24d · Other expenses: FOOD

    total $215,749 · program services $215,749

  • 24e · All other expenses

    total $135,498 · program services $19,307 · management and general $116,191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,665,219 · end of year $3,170,128

  • 2 · Savings and temporary cash investments

    beginning of year $5,568,384 · end of year $2,268,356

  • 3 · Pledges and grants receivable

    beginning of year $376,784

  • 4 · Accounts receivable

    beginning of year $9,365 · end of year $52,922

  • 7 · Other notes and loans receivable

    beginning of year $135,590

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,857 · end of year $40,917

  • 10a · Land, buildings and equipment: cost or other basis

    $28,567,282

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,714,663

  • 10c · Land, buildings and equipment, net

    beginning of year $22,848,872 · end of year $25,852,619

  • 15 · Other assets

    beginning of year $90,226 · end of year $46,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $510,660 · end of year $643,864

  • 19 · Deferred revenue

    beginning of year $44,446 · end of year $223,001

  • 20 · Tax-exempt bond liabilities

    beginning of year $28,657,477 · end of year $28,303,727

  • 23 · Secured mortgages and notes payable

    beginning of year $580,000 · end of year $580,000

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$820,221 · end of year -$762,752

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,836,935 · end of year $2,443,241

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE MISSION OF IMAGINE SCHOOL AT BROWARD IS COMMITMENT TO EXCELLENCE IN ACADEMICS, CHARACTER, AND SPIRIT BY BUILDING, DEVELOPING AND FOSTERING PARTNERSHIPS BETWEEN OUR SCHOOL AND EXTERNAL STAKEHOLDERS THAT, TOGETHER, CREATE A COMMUNITY OF CARING LIFE-LONG LEARNERS. AT IMAGINE SCHOOL AT BROWARD WE STRIVE TO PROVIDE STUDENTS WITH A SAFE AND NURTURING LEARNING ENVIRONMENT IN CONJUNCTION WITH CHALLENGING EDUCATION OPPORTUNITIES THAT PREPARE THEM FOR LIVES OF LEADERSHIP IN A RAPIDLY CHANGING WORLD.

  • THE MISSION OF IMAGINE SCHOOL AT BROWARD IS COMMITMENT TO EXCELLENCE IN ACADEMICS, CHARACTER, AND SPIRIT BY BUILDING, DEVELOPING AND FOSTERING PARTNERSHIPS BETWEEN OUR SCHOOL AND EXTERNAL STAKEHOLDERS THAT, TOGETHER, CREATE A COMMUNITY OF CARING LIFE-LONG LEARNERS. AT IMAGINE SCHOOL AT BROWARD WE STRIVE TO PROVIDE STUDENTS WITH A SAFE AND NURTURING LEARNING ENVIRONMENT IN CONJUNCTION WITH CHALLENGING EDUCATION OPPORTUNITIES THAT PREPARE THEM FOR LIVES OF LEADERSHIP IN A RAPIDLY CHANGING WORLD.

    Expenses $5,464,010 · Revenue $1,765,905

As filed on the 2022 return.

Listed in Part VII

  • Brian Schlang

    BOARD CHAIR

    Total calculated
    $0

  • Christopher Buckley

    BOARD MEMBER

    Total calculated
    $0

  • James Gerun

    BOARD MEMBER

    Total calculated
    $0

  • Esme Maldanado

    SECRETARY

    Total calculated
    $0

  • Lori Rine

    BOARD MEMBER

    Total calculated
    $0

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 February 2024
IRS schema version
2022v5.0
Source object
202400719349300435

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