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Nonprofiteer
← IMA RESEARCH FOUNDATION INC

Form 990 for tax year 2024

Filed by IMA RESEARCH FOUNDATION INC.

Totals

Total revenue
$400,000
Total expenses
$126,850
Contributions and grants received
$400,000
Grants paid
$118,850
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$638,927
Total liabilities, end of year
$11,000
Net assets or fund balances, end of year
$627,927
Program services expenses (Part IX)
$126,850
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$126,850

Program services were 100.0% 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

    $400,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,300 · program services $10,300

  • 2 · Grants to domestic individuals

    total $54,650 · program services $54,650

  • 3 · Grants to foreign organizations and individuals

    total $53,900 · program services $53,900

  • 19 · Conferences, conventions and meetings

    total $8,000 · program services $8,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,000 · end of year $1,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $400,000 · end of year $637,927

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $46,223 · end of year $11,000

  • 27 · Net assets without donor restrictions

    beginning of year $354,777 · end of year $627,927

Mission and programs · 2024

Mission

TO DEVELOP AND DISSEMINATE TIMELY MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT RESEARCH FINDINGS THAT CAN BE APPLIED TO CURRENT AND EMERGING BUSINESS ISSUES.

Activities or mission (Part I)

TO DEVELOP AND DISSEMINATE TIMELY MANAGEMENT ACCOUNTING AND FINANCIAL (CONTINUED IN SCH O) MANAGEMENT RESEARCH FINDINGS THAT CAN BE APPLIED TO CURRENT AND EMERGING BUSINESS ISSUES.

  • THE IMA RESEARCH FOUNDATION EXISTS TO ADMINISTER THE RESEARCH PROGRAM OF THE CONTROLLING ORGANIZATION (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) RESULTING IN PUBLISHED STUDIES AND EDUCATIONAL ARTICLES. IN FISCAL YEAR 2025, 36 GRANTEES WERE AWARDED RESEARCH GRANTS, AND 1 STUDY AND AN ARTICLE WAS PUBLISHED.

    Expenses $126,850 · Grants $118,850

As filed on the 2024 return.

Listed in Part VII

  • Michael Deprisco

    SECRETARY/TREASURER

    Total calculated
    $820,692
    From this org
    $0
    From related orgs
    $803,147
    Other
    $17,545
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $730,647 related
    Bonus
    $0 + $72,500 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $3,745 related
    Filer's total
    $0 + $820,692 related

  • Sunil S Deshmukh Cma Cbm

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Vairam Arunachalam

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Rebecca Baker - Vp Research

    POLICY/COMMITTEE STAFF LIAISON

    Total calculated
    $0
    Hours/week
    1.5

  • Richard T Brady Cma Cgfm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Peter J Dolancmacfmcscacpa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Christine Millaway CPA

    CFO

    Total calculated
    $403,441
    From this org
    $0
    From related orgs
    $386,229
    Other
    $17,212
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,329 related
    Bonus
    $0 + $21,900 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $3,412 related
    Filer's total
    $0 + $403,441 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)

SCHEDULE J, 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

  • MICHIGAN TECHNOLOGICAL UNIVERSITY

    $9,300

    RESEARCH GRANT

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

  • 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
2024
Filed
23 April 2026
IRS schema version
2024v5.5
Source object
202601149349301035

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