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← IMA RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by IMA RESEARCH FOUNDATION INC.

Totals

Total revenue
$300,350
Total expenses
$131,977
Contributions and grants received
$300,350
Grants paid
$130,225
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$401,000
Total liabilities, end of year
$46,223
Net assets or fund balances, end of year
$354,777
Program services expenses (Part IX)
$131,977
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$131,977

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL DEPRISCO

    SECRETARY/TREASURER

    Total calculated
    $562,596
    From this org
    $0
    From related orgs
    $543,750
    Other
    $18,846
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $543,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,180 related
    Nontaxable benefits
    $0 + $5,666 related
    Filer's total
    $0 + $562,596 related

  • RICHARD T BRADY CMA CGFM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • REBECCA BAKER

    CHAIR (BEG 05/24)

    Total calculated
    $0
    Hours/week
    0.5

  • VAIRAM ARUNACHALAM

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • GWEN VAN BERNE CMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • SUNIL S DESHMUKH CMA CBM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • RUSS PORTER CMA CFM CSCA

    CFO (THRU 08/23)

    Total calculated
    $307,301
    From this org
    $0
    From related orgs
    $290,248
    Other
    $17,053
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,248 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,610 related
    Nontaxable benefits
    $0 + $5,443 related
    Filer's total
    $0 + $307,301 related

  • CHRISTINE MILLAWAY CPA

    CFO (BEG 11/23 - SEE SCH O)

    Total calculated
    $143,969
    From this org
    $0
    From related orgs
    $143,969
    Other
    $0
    Hours/week
    0.5 + 39.5 related

  • JEFFREY THOMSON CMA CSCA CAE

    FORMER SECRETARY/TREASURER

    Total calculated
    $615,375
    From this org
    $0
    From related orgs
    $566,123
    Other
    $49,252
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $566,123 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,021 related
    Nontaxable benefits
    $0 + $1,231 related
    Filer's total
    $0 + $615,375 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE CEO AND CFO OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) ARE OFFICERS OF THE ENTITY AND THE CEO IS THE SECRETARY/TREASURER. COMPENSATION OF OFFICERS, IF ANY, ARE REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE CONTROLLING AFFILIATE'S BOARD ANNUALLY AFTER REVIEW OF COMPARABLE DATA AND DELIBERATION MEETINGS ARE CONTEMPORANEOUSLY RECORDED.

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

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IMA SERVICES INC (IMAS)

    C · EDUCATION SERVICE · NJ

    Directly controlled by IMA

  • BEIJING IMA MANAGEMENT CONSULTING LTD

    C · EDUCATION SUPPORT SERVICE · CH

    Directly controlled by IMAS

  • INST OF MGMT ACCTS INDIA PRIVATE LTD

    C · EDUCATION SUPPORT SERVICE · IN

    Directly controlled by ICMA

  • IMA SOUTH EAST ASIA PTE LTD

    C · EDUCATION SUPPORT · SN

    Directly controlled by IMA

  • IMA EGYPT FOR CONSULTANCY

    C · EDUCATION SUPPORT · EG

    Directly controlled by IMAICMA

  • IMA ARABIA

    C · EDUCATION SUPPORT · SA

    Directly controlled by IMA

Provenance

Return type
form_990
Tax year
2023
Filed
16 April 2025
IRS schema version
2023v6.0
Source object
202501089349300200

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