Img Academy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRADENTON, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $401K in total assets. In 2024, it awarded 57 grants totaling $312K. Net investment income was $3.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$401K
+152.8% YoY
Annual Giving
$312K
+1146.6% YoY
Grant Count
57
+2750.0% YoY
Avg Grant Size
$5K
-56.3% YoY
Under IRS private-foundation payout rules, Img Academy Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Img Academy Foundation Inc
Based on IRS filings
Img Academy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRADENTON, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $401K in total assets. In 2024, it awarded 57 grants totaling $312K. Net investment income was $3.
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 | $400,749 | $158,524 | $100,000 |
| Revenue | $571,438 | $109,135 | $110,600 |
| Expenses | $329,213 | $50,611 | $10,600 |
| Qualifying Distributions | $311,644 | $25,000 | — |
| Net Investment Income | $3 | — | — |
| Distributable Amount | $11,651 | $531 | $205 |
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
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Benjamin Straw ($15,000), Don Volante ($15,000), Ethan Spence ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY ATLANTA, GA | DONATION TO HELP OPERATIONS | $468 |
| APRIL COPELAND COLUMBIA, SC | HURRICANE RELIEF | $1,487 |
| APRIL WEST ORANGEBURG, SC | HURRICANE RELIEF | $796 |
| BARRY UNIVERSITY MIAMI SHORES, FL | DONATION TO HELP OPERATIONS | $10,000 |
| BENJAMIN STRAW ST PETERSBURG, FL | HURRICANE RELIEF | $15,000 |
| BIG WATERS LAND TRUST OSPREY, FL | DONATION TO HELP OPERATIONS | $5,000 |
| BOYS & GIRLS CLUB OF MANATEE COUNTY BRADENTON, FL | COMMUNITY RELATIONS AND SOCIAL IMPACT | $10,000 |
| BRENDAN PALMER BRADENTON, FL | HURRICANE RELIEF | $6,000 |
| CASSANDRA LAND ELSMERE, KY | HURRICANE RELIEF | $2,238 |
| CATHERINE MARECHEK BRADENTON, FL | HURRICANE RELIEF | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENT RICHARD | PRESIDENT & DIRECTOR | 1 | — |
| DAN MALASKY | DIRECTOR | 1 | — |
| MIKE LOVECCHIO | DIRECTOR | 1 | — |
| LISA STRASMAN | DIRECTOR | 1 | — |
| MIKE MILLIRON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Img Academy Foundation Inc?
Img Academy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRADENTON, FL. It holds $401K in total assets as of 2024.
How large is Img Academy Foundation Inc?
As of 2024, Img Academy Foundation Inc holds $401K in total assets with $571K in annual revenue. It awarded 57 grants totaling $312K in 2024.
Where does Img Academy Foundation Inc operate?
Img Academy Foundation Inc has awarded grants in Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee.
What size grants does Img Academy Foundation Inc award?
In 2024, Img Academy Foundation Inc awarded 57 grants totaling $312K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Img Academy Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Img Academy Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Img Academy Foundation Inc's EIN?
Img Academy Foundation Inc's EIN (Employer Identification Number) is 88-3778491. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Img Academy Foundation 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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