The Imaginate Foundation Inc

Private foundation · Grantmaker Coral Gables, FL EIN: 20-8534215

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

3states

Share of all 2 itemized 2024 grant dollars.

Cities

MiamiBakersfieldHialeahOntarioSterling

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K2 grants20202 grants20210 grants20221 grants20232 grants2024

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

Miami Suns Youth Development: $25KMiami Suns Youth Development$25KRockstarr Music Group LLC: $10KRockstarr Music Group LLC$10K

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

7<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 7 grants of 7 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Miami Suns Youth Development Hialeah, FLGrant Issued to Support Youth Development$25,000
Rockstarr Music Group LLC Miami, FLGrant Issued to Support Musical Education$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$20K$40K$60K$80K20202021202220232024
Metric202420232022
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

  1. 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.

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