Imagine Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $567K in total assets. In 2024, it awarded 26 grants totaling $150K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$567K
+20.6% YoY
Annual Giving
$150K
+29.8% YoY
Grant Count
26
+85.7% YoY
Avg Grant Size
$6K
-30.1% YoY
Under IRS private-foundation payout rules, Imagine Inc reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Imagine Inc
Based on IRS filings
Imagine Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $567K in total assets. In 2024, it awarded 26 grants totaling $150K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $566,727 | $469,990 | $275,158 |
| Revenue | $248,153 | $311,826 | $86,135 |
| Expenses | $151,416 | $116,994 | $73,548 |
| Qualifying Distributions | $150,171 | $115,450 | $71,950 |
| Net Investment Income | $12,404 | $11,676 | $8,935 |
| Distributable Amount | $25,888 | $19,166 | $23,017 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cardinal Cushing Centers ($30,000), Wellspring MULTI SERVICE CENTER ($26,750), Friendship Home ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| New England Village Pembroke, NJ | TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $14,610 |
| Cardinal Cushing Centers Hanover, MA | TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $30,000 |
| Champions Fighting Cancer Brockton, MA | TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $1,000 |
| Wellspring MULTI SERVICE CENTER Los Angeles, CA | TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $26,750 |
| Friendship Home | TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $20,000 |
| SAFE COALITION INC FRANKLIN, MA | TO PROVIDE Financial Assistance to charitable organization | $1,000 |
| DIANE EDSON FUND LOS ANGELES, CA | TO PROVIDE Financial Assistance to charitable organization | $10,000 |
| CONCERN NORWELL, MA | TO PROVIDE Financial Assistance to charitable organization | $5,000 |
| TALKNG INFORMATION CENTER TIC Marshfield, MA | TO PROVIDE Financial Assistance to charitable organization | $10,000 |
| NAMI WALKS NYC NEW YORK, NY | TO PROVIDE Financial Assistance to charitable organization | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL SULLIVAN | PRESIDENT | 1 | — |
| MAUREEN CULLITY | TREASURER | 1 | — |
| JOSEPH ZACCHEO | CLERK | 1 | — |
| WILLIAM PATTERSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Imagine Inc?
Imagine Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORWELL, MA. It holds $567K in total assets as of 2024.
How large is Imagine Inc?
As of 2024, Imagine Inc holds $567K in total assets with $248K in annual revenue. It awarded 26 grants totaling $150K in 2024.
Where does Imagine Inc operate?
Imagine Inc has awarded grants in California, Georgia, Illinois, Massachusetts, New Jersey, New York, Tennessee, Virginia.
What size grants does Imagine Inc award?
In 2024, Imagine Inc awarded 26 grants totaling $150K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Imagine Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Imagine Inc reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Imagine Inc's EIN?
Imagine Inc's EIN (Employer Identification Number) is 61-1694939. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Imagine Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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