Nonprofit · EIN 88-3778491
IMG ACADEMY FOUNDATION INC
Tax-exempt · BRADENTON, FL 34210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $571,438 | $329,213 | $242,225 | $400,749 | $0 | $400,749 |
| December 31, 2023 | 990-PF | $109,135 | $50,611 | $58,524 | $158,524 | $0 | $158,524 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $571,435
- Dividends
- $3
Expenses
- Grants and similar amounts paid
- $311,644
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $311,644
Balance sheet and other
- Total assets, start of year
- $158,524
- Total assets, end of year
- $400,749
- Total liabilities, end of year
- $0
- Net assets, end of year
- $400,749
- Fair market value of assets
- $396,503
- Qualifying distributions
- $311,644
- Net investment income
- $3
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENT RICHARD 5500 34TH ST W, BRADENTON, FL 34210 | PRESIDENT & DIRECTOR | 1 | $0 |
| DAN MALASKY 5500 34TH ST W, BRADENTON, FL 34210 | DIRECTOR | 1 | $0 |
| MIKE LOVECCHIO 5500 34TH ST W, BRADENTON, FL 34210 | DIRECTOR | 1 | $0 |
| LISA STRASMAN 1333 NORTH KINGSBURY 4TH FLOOR, CHICAGO, IL 60642 | DIRECTOR | 1 | $0 |
| MIKE MILLIRON 5500 34TH ST W, BRADENTON, FL 34210 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENT RICHARD 5650 BOLLETTIERI BLVD, BRADENTON, FL 34210 | PRESIDENT & DIRECTOR | 1 | $0 |
| JOHN DOOLEY 5650 BOLLETTIERI BLVD, BRADENTON, FL 34210 | SECRETARY | 1 | $0 |
| BRIAN SCHEALL 5650 BOLLETTIERI BLVD, BRADENTON, FL 34210 | TREASURER | 1 | $0 |
| LISA STRASMAN 1333 NORTH KINGSBURY 4TH FLOOR, CHICAGO, IL 60642 | DIRECTOR | 1 | $0 |
| ROMOLA RATNAM 9601 WILSHIRE BLVD, BEVERLY HILLS, CA 90210 | DIRECTOR | 1 | $0 |
| LUKE ZAIENTZ 21640 EAST MEADOWLARK WAY, WALNUT, CA 91789 | DIRECTOR | 1 | $0 |
| CHRISTIAN MUIRHEAD 200 FIFTH AVENUE, NEW YORK CITY, NY 10010 | DIRECTOR | 1 | $0 |
| TIM PERNETTI 5650 BOLLETTIERI BLVD, BRADENTON, FL 34210 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5500 34TH ST W, BRADENTON, FL 34210-3506
- Signed the 990-PF
- KATE MASSEY, EXECUTIVE DIRECTOR
- Phone
- (941) 752-2489
- Return prepared by
- CRI ADVISORS LLC
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 88-3778491
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $400,749
- Income (IRS master file)
- $571,438
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $571,438 | $329,213 | $400,749 | XML |
| 990-PF | December 2023 | $109,135 | $50,611 | $158,524 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
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 88-3778491).
Questions about IMG ACADEMY FOUNDATION INC
- What is the EIN of IMG ACADEMY FOUNDATION INC?
- The employer identification number (EIN) of IMG ACADEMY FOUNDATION INC is 88-3778491.
- Is IMG ACADEMY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to IMG ACADEMY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMG ACADEMY 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 IMG ACADEMY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IMG ACADEMY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of IMG ACADEMY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does IMG ACADEMY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $571,438, expenses of $329,213 and total assets of $400,749 at year end.
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