Nonprofit · EIN 22-3323222
IMA RESEARCH FOUNDATION INC
Tax-exempt · MONTVALE, NJ 07645
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $400,000 | $126,850 | $273,150 | $638,927 | $11,000 | $627,927 |
| June 30, 2024 | 990 | $300,350 | $131,977 | $168,373 | $401,000 | $46,223 | $354,777 |
| June 30, 2023 | 990 | $1,529 | $104,895 | -$103,366 | $186,404 | $0 | $186,404 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $400,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $118,850
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $126,850
Balance sheet and other
- Total assets, start of year
- $401,000
- Total assets, end of year
- $638,927
- Total liabilities, end of year
- $11,000
- Net assets, end of year
- $627,927
- Net assets without donor restrictions
- $627,927
- Gross receipts
- $400,000
- Employees
- 0
- Volunteers
- 33
- Year formed
- 1994
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DEPRISCO | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $803,147 | $17,545 |
| CHRISTINE MILLAWAY CPA | CFO Officer | 0.5 | $0 | $386,229 | $17,212 |
| SUNIL S DESHMUKH CMA CBM | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VAIRAM ARUNACHALAM | COMMITTEE CHAIR Trustee or director | 4 | $0 | $0 | $0 |
| REBECCA BAKER - VP RESEARCH | POLICY/COMMITTEE STAFF LIAISON Trustee or director | 1.5 | $0 | $0 | $0 |
| RICHARD T BRADY CMA CGFM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PETER J DOLANCMACFMCSCACPA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFFREY THOMSON CMA CSCA CAE | FORMER SECRETARY/TREASURER Former | 0.5 | $0 | $566,123 | $49,252 |
| MICHAEL DEPRISCO | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $543,750 | $18,846 |
| RUSS PORTER CMA CFM CSCA | CFO (THRU 08/23) Officer | 0.5 | $0 | $290,248 | $17,053 |
| CHRISTINE MILLAWAY CPA | CFO (BEG 11/23 - SEE SCH O) Officer | 0.5 | $0 | $143,969 | $0 |
| RICHARD T BRADY CMA CGFM | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REBECCA BAKER | CHAIR (BEG 05/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| VAIRAM ARUNACHALAM | COMMITTEE CHAIR Trustee or director | 4 | $0 | $0 | $0 |
| GWEN VAN BERNE CMA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SUNIL S DESHMUKH CMA CBM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFFREY THOMSON CMA CSCA CAE | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $712,599 | $22,846 |
| RUSS PORTER CMA CFM CSCA | CFO Officer | 0.5 | $0 | $411,194 | $20,324 |
| LOREAL JILES | COMMITTEE STAFF LIAISON (THRU 12/22) Trustee or director | 0.5 | $0 | $218,475 | $17,090 |
| GWEN VAN BERNE CMA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL DEPRISCO | SECRETARY/TREASURER (AS OF 04/23) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RAEF LAWSON | CHAIR (THRU 12/22) Trustee or director | 4 | $0 | $0 | $0 |
| J STEPHEN MCNALLY CMA CPA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD T BRADY CMA CGFM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| VAIRAM ARUNACHALAM | INTERIM CHAIR (AS OF 01/23) Trustee or director | 4 | $0 | $0 | $0 |
| QI SUSIE DUONG | COMMITTEE STAFF LIAISON (AS OF 1/23) Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10 PARAGON DRIVE, MONTVALE, NJ 07645-1773
- In care of
- % DOREEN REMMEN
- Mailing address (990-N for 2015)
- 10 Paragon Drive, Montvale NJ 07645
- Principal officer (990 for 2024)
- MICHAEL DEPRISCO, 10 PARAGON DRIVE, MONTVALE, NJ 07645
- Principal officer (990-N for 2015)
- WILLIAM KNESe, 10 Paragon Drive, Montvale NJ 07645
- Signed the 990
- CHRISTINE MILLAWAY, CFO & SVP
- Phone
- (201) 573-9000
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
TO DEVELOP AND DISSEMINATE TIMELY MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT RESEARCH FINDINGS THAT CAN BE APPLIED TO CURRENT AND EMERGING BUSINESS ISSUES.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3323222
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $638,927
- Income (IRS master file)
- $400,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $400,000 | $126,850 | $638,927 | IRS |
| 990 | June 2024 | $300,350 | $131,977 | $401,000 | XML |
| 990 | June 2023 | $1,529 | $104,895 | $186,404 | XML |
| 990 | June 2022 | $100,969 | $181,678 | $289,770 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-N for 2015 Officer: WILLIAM KNESe | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3323222).
Questions about IMA RESEARCH FOUNDATION INC
- What is the EIN of IMA RESEARCH FOUNDATION INC?
- The employer identification number (EIN) of IMA RESEARCH FOUNDATION INC is 22-3323222.
- Is IMA RESEARCH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to IMA RESEARCH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does IMA RESEARCH FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IMA RESEARCH FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IMA RESEARCH FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IMA RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MICHAEL DEPRISCO.
- Who are the officers and directors of IMA RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does IMA RESEARCH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $400,000, expenses of $126,850 and total assets of $638,927 at year end.
Other nonprofits in MONTVALE
- LIFEPREP EDUCATION SYSTEM INC EIN 83-4630644 · last filed 990 for 2024
- AMERICAN FRIENDS OF THE CHILDRENS DAY NURSERIES & CHILDRENS TOWN IN EIN 23-7327778 · last filed 990 for 2024
- PARENT FACULTY ASSOCIATION OF PASCACK HILLS HIGH SCHOOL EIN 23-7067427 · last filed 990-EZ for 2025
- MEPHIBOSHETH IN GHANA EIN 20-2764334 · last filed 990-EZ for 2025
- MONTVALE EDUCATIONAL FOUNDATION INC EIN 22-3402948 · last filed 990-EZ for 2025
- MAYOR LIZETTE P PARKER MEMORIAL FOUNDATION INC EIN 82-1628874 · last filed 990-N for 2022
- OMEGA CPHS SCHOLARSHIP FUND EIN 86-2478026 · last filed 990-N for 2025
- ART STUDY FOUNDATION INC EIN 87-2849458 · last filed 990-EZ for 2023