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.
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.
About The Imaginate Foundation Inc
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Miami Suns Youth Development ($25,000), Rockstarr Music Group Llc ($10,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARMANDO C PEREZ | PRESIDENT | 4 | — |
| FRANK ZELADA | VICE PRESIDENT | 6 | — |
| CHELLI HERRERA | SECRETARY | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is The Imaginate Foundation Inc?
As of 2024, The Imaginate Foundation Inc holds $20K in total assets with $10K in annual revenue. It awarded 2 grants totaling $35K in 2024.
Where does The Imaginate Foundation Inc operate?
The Imaginate Foundation Inc has awarded grants in California, Florida, Virginia.
What size grants does The Imaginate Foundation Inc award?
In 2024, The Imaginate Foundation Inc awarded 2 grants totaling $35K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Imaginate Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Imaginate Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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