Imsa Fund For Advancement Of Education

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363422778 ✦ Aurora, IL ✦ Designated as a 501(c)(3)

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Overview

What is Imsa Fund For Advancement Of Education?

The Imsa Fund for Advancement of Education is a nonprofit organization situated in Aurora, Illinois. Its primary mission is to foster education, particularly in the fields of science, technology, engineering, and mathematics (STEM), by supporting professional development and student enrichment programs for schools, teachers, and communities across Illinois. The organization collaborates with schools for teacher training, offering initiatives such as problem-based learning, Imsa Fusion, and inquiry-based math and science teaching. Its student enrichment programs include summer and weekend sessions, as well as online and after-school activities like Fusion and Allies. The Imsa Fund aims to serve students historically underrepresented and underserved in math and science, approximately 12,000 students and teachers in total. During the COVID-19 pandemic, the organization established a fund for emergency relief payments to help families in need. The funds for these relief payments came from a restricted account, funded by donors specifically for this purpose. In essence, the Imsa Fund for Advancement of Education is committed to enhancing STEM education in Illinois through various programs and support services.


Official website here: www.imsa.edu/giving

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star Rating.

The Imsa Fund For Advancement Of Education has received a high score of 96%, reflecting strong accountability and financial health. This rating is based solely on its accountability and finance beacon, indicating a robust commitment to transparency and responsible management of resources. The organization has a fully independent board, which is a significant strength, ensuring that decisions are made without conflicts of interest.

The charity has demonstrated excellent fiscal responsibility, with a program expense ratio of 79.76%. This suggests that a substantial portion of its funding is directed toward its educational initiatives rather than administrative costs. Additionally, the organization has no material diversions of assets, and it maintains comprehensive financial oversight through an audit and oversight committee.

While the data highlights many strengths, it is essential to continue monitoring the charity's performance over time. The high accountability scores and the presence of a whistleblower policy suggest a strong governance framework, which is crucial for maintaining donor trust and organizational integrity. Overall, the Imsa Fund For Advancement Of Education appears to be a well-managed nonprofit with a focus on its mission.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Imsa Fund For Advancement Of Education?

90% of 291 reviewers on Facebook recommend the Imsa Fund For Advancement Of Education. Here is a summary of their reviews:

Many parents express satisfaction with the school, highlighting its ability to prepare students for future careers. There are commendations for the supportive environment, particularly for new students, suggesting that the transition into the school is well-managed and welcoming.

Overall, the positive sentiment reflects a strong endorsement of the educational services provided, indicating that the nonprofit is successfully fulfilling its mission to enhance students' learning experiences.


This AI summary has been generated from reviews found on Facebook.

Is Imsa Fund For Advancement Of Education legitimate?

Imsa Fund For Advancement Of Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Imsa Fund For Advancement Of Education submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.imsa.edu/giving

What is the mission statement of Imsa Fund For Advancement Of Education?

The Imsa Fund for Advancement of Education's mission is centered around promoting mathematics, science, and technology education. They achieve this by supporting the Illinois Mathematics and Science Academy through institutional advancement. The primary goal is to enhance educational programs, providing professional development opportunities for teachers and enrichment activities for students in STEM fields. The programs aim to foster talent and leadership in these subjects, with a focus on serving historically underrepresented and underserved students in math and science, estimated to be around 12,000 students and teachers. Additionally, during the COVID-19 pandemic, the organization established a fund for emergency relief payments to assist families in need.


Official website here: www.imsa.edu/giving

Who is the CEO of Imsa Fund For Advancement Of Education?

Jacob Plummer is the President of Imsa Fund For Advancement Of Education.


Official website here: www.imsa.edu/giving

What is the revenue of Imsa Fund For Advancement Of Education?

Imsa Fund For Advancement Of Education's revenue in 2022 was $1,161,298.


Official website here: www.imsa.edu/giving

Who are the executives of Imsa Fund For Advancement Of Education and what are their salaries?

There 12 volunteers at Imsa Fund For Advancement Of Education.


Here are 12 key members and their salaries:


Jacob Plummer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Brookins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
E Glenn Rippie (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hector Correa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Fountain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Simon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raj Tank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Tung (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Yagan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Maddox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Crutchfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Zeng (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.imsa.edu/giving

Where can I find the form 990 for Imsa Fund For Advancement Of Education?

Imsa Fund For Advancement Of Education's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.imsa.edu/giving

Learn more at the official website: www.imsa.edu/giving

Mission Statement of Imsa Fund For Advancement Of Education

The Imsa Fund for Advancement of Education is dedicated to promoting education, particularly in the fields of mathematics, science, and technology. This nonprofit organization achieves its mission by supporting and enhancing the programs of the Illinois Mathematics and Science Academy. Through institutional advancement, it aims to further the cause of education in these subjects, ultimately benefiting both students and teachers across Illinois communities.

The Imsa Fund for Advancement of Education provides various educational programs that focus on professional development and student enrichment. These initiatives help develop talent and leadership in Science, Technology, Engineering, and Mathematics (STEM) among Illinois students and teachers. The professional development programs, in partnership with schools, include problem-based learning, Imsa Fusion, and inquiry-based math and science teaching. On the other hand, student enrichment programs offer summer and weekend workshops, online learning activities, and after-school activities like Fusion and Allies. These programs serve a significant number of historically underrepresented and underserved students in math and science, approximating 12,000 students and teachers.

During the COVID-19 pandemic, the Imsa Fund for Advancement of Education established a fund for emergency relief payments to help families in need. All these relief payments came from a restricted account funded by generous donors for this specific purpose.

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Impact




October, 2024

The Imsa Fund For Advancement Of Education significantly enhances educational opportunities in Illinois, particularly in STEM (Science, Technology, Engineering, and Mathematics) fields. By supporting specialized programs, it fosters professional development for teachers, championing techniques like problem-based and inquiry-based learning. This empowers educators to engage students more effectively in math and science.

Additionally, the Fund provides enriching experiences for approximately 12,000 students and teachers through a variety of summer, weekend, online, and after-school initiatives. These programs are designed with a strong focus on reaching historically underrepresented and underserved populations, ensuring broader access to quality education in STEM disciplines.

During the COVID-19 pandemic, the organization also established an emergency relief fund to assist families in need, underlining its commitment to community support and resilience. Overall, the Imsa Fund plays a crucial role in advancing education by developing talent and leadership in STEM, ultimately contributing to a more equitable educational landscape in Illinois.




This information is meant to be a general summary of Imsa Fund For Advancement Of Education. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,161,298 (2022)
Expenses
$662,197 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $402,184
  • Gross Receipts: $1,796,561

Assets and Liabilities:

  • Total Assets: $10,937,420
  • Total Liabilities: $17,847
  • Net Assets: $10,919,573

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Organization Details

Founding Year

1986

Principal Officer

Jacob Plummer

Main Address

1500 SULLIVAN ROAD, AURORA, IL, 605061000

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