The Imaginate Foundation Inc
The Imaginate Foundation Inc is a private foundation focused on Education, based in Coral Gables, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20K in total assets. In 2024, it awarded 2 grants totaling $35K.
Key facts about The Imaginate Foundation Inc
In short: The Imaginate Foundation Inc gave $35K across 2 grants in 2024 (avg $18K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- EIN
- 20-8534215
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $35,000
- Grants made (2024)
- 2
- Average grant
- $17,500
- Median grant
- $17,500
- Total assets
- $20,321
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20K
-55.2% YoY
Annual Giving
$35K
+250.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$18K
+75.0% YoY
Under IRS private-foundation payout rules, The Imaginate Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
How The Imaginate Foundation Inc gives
- Giving grew 250% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2021) to $35K (2024). In 2024 it made 2 grants totaling $35K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Miami Suns Youth Development ($25K). Together the top 2 received $35K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Miami Suns Youth Development Hialeah, FL | Grant Issued to Support Youth Development | $25,000 |
| Rockstarr Music Group LLC Miami, FL | Grant Issued to Support Musical Education | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,321 | $45,346 | $55,346 |
| Revenue | $10,000 | — | $55,000 |
| Expenses | $35,025 | $10,000 | $60 |
| Qualifying Distributions | $35,000 | $10,000 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,771 | $2,705 | $1,936 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Imaginate Foundation Inc is led by Armando C. Perez, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Armando C. Perez
President
On filings since 2020
4 hrs/week
No compensation reported
Chelli Herrera
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Frank Zelada
Vice President
On filings since 2020
6 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Imaginate Foundation Inc
How much does The Imaginate Foundation Inc give each year?
The Imaginate Foundation Inc gave $35K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 1 grant.
How large is The Imaginate Foundation Inc?
The Imaginate Foundation Inc reported $20K in total assets on its 2024 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is The Imaginate Foundation Inc?
The Imaginate Foundation Inc is a private foundation focused on Education, based in Coral Gables, FL. It holds $20K in total assets as of 2024.
Where does The Imaginate Foundation Inc operate?
The Imaginate Foundation Inc has awarded grants in California, Florida, Virginia.
What is The Imaginate Foundation Inc's EIN?
The Imaginate Foundation Inc's EIN (Employer Identification Number) is 20-8534215. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Imaginate Foundation Inc by hand.
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