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IMA RESEARCH FOUNDATION INC

EIN 22-3323222 MONTVALE, NJ

Browse the largest nonprofits in New Jersey

Revenue 2024
$400,000
Expenses 2024
$126,850

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

As filed

Subsection
03
NTEE code
B90
Classification
1000
Street
10 PARAGON DRIVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $400,000
    Expenses
    $126,850
    Contributions
    $400,000
    Grants paid
    $118,850
  • 2023
    Revenue
    $300,350
    Expenses
    $131,977
    Contributions
    $300,350
    Grants paid
    $130,225
  • 2022
    Revenue
    $1,529
    Expenses
    $104,895
    Contributions
    $1,529
    Grants paid
    $99,900

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $100,969
    Expenses
    $181,678
    Assets (EOY)
    $289,770
  • 2020 · 990

    Revenue
    $202,967
    Expenses
    $139,561
    Assets (EOY)
    $370,479
  • 2019 · 990

    Revenue
    $3,198
    Expenses
    $49,620
    Assets (EOY)
    $307,073
  • 2018 · 990

    Revenue
    $105,969
    Expenses
    $54,471
    Assets (EOY)
    $353,495
  • 2016 · 990

    Revenue
    $203,974
    Expenses
    $73,366
    Assets (EOY)
    $397,726
  • 2014 · 990

    Revenue
    $213,826
    Expenses
    $86,292
    Assets (EOY)
    $210,186
  • 2013 · 990

    Revenue
    $3,251
    Expenses
    $95,914
    Assets (EOY)
    $240,541
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $67,265
    Assets (EOY)
    $236,141

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2015

Tax period
1 July 2015 to 30 June 2016
Principal officer
WILLIAM KNESe
Mailing address
10 Paragon DriveMontvale NJ 07645
Website
Something was entered that is not a web address, so it is not shown.

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

  • MICHIGAN TECHNOLOGICAL UNIVERSITY

    $9,300

    2024 RESEARCH GRANT

  • UNIVERSITY OF HAWAII

    $8,000

    2022 RESEARCH GRANT

  • 2022 GRANT AWARD

  • MICHIGAN TECHNOLOGICAL UNIVERSITY

    $5,700

    2023 RESEARCH GRANT

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • IMA SERVICES INC (IMAS)

    C · EDUCATION SERVICE · NJ

  • INST OF MGMT ACCTS INDIA PRIVATE LTD

    C · EDUCATION SUPPORT SERVICE · IN

  • IMA SOUTH EAST ASIA PTE LTD

    C · EDUCATION SUPPORT · SN

  • IMA EGYPT FOR CONSULTANCY

    C · EDUCATION SUPPORT · EG

  • IMA ARABIA

    C · EDUCATION SUPPORT · SA

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SO.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.