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Nonprofiteer
← REIMAGINATION LAB INC

Form 990 for tax year 2024

Filed by REIMAGINATION LAB INC.

Totals

Total revenue
$928,417
Total expenses
$808,516
Contributions and grants received
$928,204
Grants paid
$0
Program service revenue
$0
Investment income
$213
Other revenue
$0
Total assets, end of year
$302,104
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$302,104
Program services expenses (Part IX)
$706,520
Management and general expenses
$101,996
Fundraising expenses
$0
Program service expenses (Part III)
$706,520

Program services were 87.4% 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.

  • 1d · Related organizations

    $928,204

  • 3 · Investment income

    total $213 · related or exempt $213

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $510,000 · program services $510,000

  • 9 · Other employee benefits

    total $26,345 · program services $26,345

  • 10 · Payroll taxes

    total $18,283 · program services $18,283

  • 11b · Fees: legal

    total $1,535 · management and general $1,535

  • 11c · Fees: accounting

    total $600 · management and general $600

  • 12 · Advertising and promotion

    total $2,087 · management and general $2,087

  • 13 · Office expenses

    total $14,453 · management and general $14,453

  • 14 · Information technology

    total $83,035 · management and general $83,035

  • 17 · Travel

    total $78,526 · program services $78,526

  • 24a · Other expenses: Banking Fees

    total $286 · management and general $286

  • 24b · Other expenses: Charitable Contributions

    total $1,000 · program services $1,000

  • 24c · Other expenses: Contractors

    total $72,366 · program services $72,366

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,504 · end of year $221,020

  • 5 · Loans and receivables from officers and key people

    beginning of year $125,899 · end of year $81,084

  • 31 · Retained earnings, endowment or other funds

    beginning of year $222,403 · end of year $302,104

Mission and programs · 2024

Mission

The purpose of the Reimagination Lab is to make Artificial Intelligence (AI) driven products, service, and expertise available to the nonprofit sector at low or no cost.

  • The Re/Imagination Lab is a nonprofit organization established to democratize access to AI technology for other nonprofit entities. The labs mission revolves around ensuring these organizations, irrespective of their size and resource availability, can leverage state-of-the-art tools and services to maximize their societal impact. To accomplish this mission, the lab provides AI-driven products, services, and expertise at little to no cost to the nonprofit sector.

    Expenses $706,520 · Revenue $928,204

As filed on the 2024 return.

Listed in Part VII

  • Thomas Subak

    CEO

    Total calculated
    $510,000
    From this org
    $510,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $510,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $510,000

  • Ellen Feehan

    Officer

    Total calculated
    $0
    Hours/week
    0

  • Munawar Ahmed

    Officer

    Total calculated
    $0
    Hours/week
    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. 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 · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
1 December 2025
IRS schema version
2024v5.2
Source object
202523389349300807

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