IMAGINE SCHOOLS NON-PROFIT INC

EIN: 203590526 501(c)(3) Education

VIENNA, VA

Total Revenue
$71,911,915
Total Expenses
$75,703,776
Total Assets
$158,729,176
Net Assets
$-3,735,948
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
BARRY SHARP
Phone
7035272600
Tax Period
2022-07-01 to 2023-06-30

IMAGINE SCHOOLS NON-PROFIT INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $57.0M in total revenue in fiscal year 2017. Revenue decreased 12% compared to the prior year.

Mission

IMAGINE SCHOOLS NON-PROFIT'S VISION IS FOR EVERY CHILD TO REACH HIS OR HER FULL POTENTIAL AND DISCOVER PATHWAYS FOR LIFE-LONG SUCCESS. AS A NATIONAL FAMILY OF PUBLIC CHARTER SCHOOL CAMPUSES, IMAGINE SCHOOLS NON-PROFIT'S MISSSION IS TO PARTNER WITH PARENTS AND GUARDIANS IN THE EDUCATION OF THEIR CHILDREN BY PROVIDING HIGH QUALITY SCHOOLS THAT PREPARE STUDENTS FOR LIVES OF LEADERSHIP, ACCCOMPLISHMENT, AND EXEMPLARY CHARACTER. IMAGINE SCHOOLS NON-PROFIT PURSUES ITS MISSION UTILIZING THE FOLLOWING OBJECTIVES: CREATE CHOICE FOR PARENTS AND STUDENTS WITHIN THE PUBLIC SCHOOL SYSTEM. EMPHASIZE ACADEMIC EXELLENCE AND CHARACTER DEVELOPMENT AS THE ESSENTIAL ELEMENTS OF LIFE-LONG SUCCESS. ENCOURAGE INNOVATIVE TEACHING PRACTICES THAT INDIVIDUALIZE LEARNING ACCORDING TO THE NEEDS OF EACH STUDENT. PROVIDE A SYSTEM OF ACCOUNTABILITY FOR RESULTS IN PUBLIC EDUCATION (I.E IMAGINE SCHOOLS MEASURES OF EXCELLENCE). SUPPORT PRINCIPALS, TEACHERS, AND SCHOOL STAFF AS THE FRONT-LINE LEADERS AND DECISION-MAKERS,

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $67,143,528
Program Service Revenue $4,768,387
Investment Income $0
Other Revenue $0
TOTAL REVENUE $71,911,915

Expense Breakdown

Grants Paid $2,498,195
Salaries & Benefits $36,773,950
Fundraising Expenses $0
Program Expenses $61,062,658
Other Expenses $36,431,631
TOTAL EXPENSES $75,703,776

Year-over-Year Comparison

2022 2021 Change
Revenue $71,911,915 $62,482,447 +0.2%
Expenses $75,703,776 $66,055,923 +0.1%
Net Income $-3,791,861 $-3,573,476 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
1561
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$1,755,323
Total Directors
8
$164,581
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MCFADDEN VP 13.00
Officer Director
$54,312 $0 $164,581
BARRY SHARP CEO/CFO/PRES 13.00
Officer
$134,878 $0 $408,720
ISABEL BERIO SEC./SR. VIC 13.00
Officer
$64,659 $0 $195,936
MARISA PREUSS CHIEF COMMUN 13.00
Officer
$44,258 $0 $134,116
DIANE THORNE EXECUTIVE VP 13.00
Officer
$56,491 $0 $171,184
MONTE LANGE EXECUTIVE VP 13.00
Officer
$55,170 $0 $167,181
ROD SASSE EXECUTIVE VP 13.00
Officer
$59,751 $0 $181,064
SHAWN TOLER EXECUTIVE VP 13.00
Officer
$54,569 $0 $165,360
BRAD UCHACZ EXECUTIVE VP 13.00
Officer
$55,170 $0 $167,181
EILEEN H BAKKE DIRECTOR 1.00
Director
$0 $0 $0
ALEX BEEHLER DIRECTOR 1.00
Director
$0 $0 $0
ROGER NAILL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT HAFT CHAIR 1.00
Director
$0 $0 $0
JOHN RUGGIRELLO DIRECTOR 1.00
Director
$0 $0 $0
LUIS TELLEZ DIRECTOR 1.00
Director
$0 $0 $0
KIMON SARGEANT DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $71,911,915 $75,703,776 $158,729,176 $-3,791,861
2022 $62,482,447 $66,055,923 $161,309,849 $-3,573,476
2022 $62,482,447 $66,055,923 $161,309,849 $-3,573,476
2021 $58,577,849 $60,770,561 $105,214,691 $-2,192,712
2020 $57,096,854 $60,757,477 $90,821,472 $-3,660,623
2019 $58,194,178 $61,372,342 $68,931,700 $-3,178,164
2018 $56,984,509 $59,711,096 $67,145,658 $-2,726,587
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