THE IMAGINE AWARDS INC C/O CERINI & ASSOCIATES LLP

EIN: 851129775 501(c)(3) Philanthropy & Grantmaking

BOHEMIA, NY

Total Revenue
$405,650
Total Expenses
$417,080
Total Assets
$78,657
Net Assets
$6,657
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
KENNETH CERINI
Phone
6315821600
Tax Period
2023-01-01 to 2023-12-31

THE IMAGINE AWARDS INC C/O CERINI & ASSOCIATES LLP, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $406K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE IMAGINE AWARDS, WHICH HOLDS ACADEMY AWARD TYPE EVENTS FOR NONPROFIT ORGANIZATIONS IN BOTH LONG ISLAND (APRIL) AND NEW YORK CITY (OCTOBER), WAS CREATED FOR 3 PURPOSES: TO SHINE A LIGHT ON NONPROFIT ORGANIZATIONS THAT ARE IMPACTFUL, INNOVATIVE, POSSESS STRONG LEADERSHIP, AND UNDERSTAND THE NEED AND IMPORTANCE OF DIVERSITY. THE IMAGINE AWARDS HOLDS TWO EVENTS, LONG ISLAND AND NEW YORK CITY, WHICH BRING NONPROFITS TOGETHER TO RECOGNIZE AND CELEBRATE THE SECTOR, TO PROVIDE AN AVENUE FOR COLLABORATION WITHIN THE SECTOR, BRINGING LEADERSHIP OF NONPROFITS TOGETHER TO FOSTER WAYS THAT THEY CAN WORK TOGETHER, TO PROVIDE INSIGHT AND EDUCATION TO THE SECTOR THROUGH SHARING OF IDEAS AT THE AWARDS PROGRAMS AND THROUGH OTHER TRAINING THROUGH OUR LET'S IMAGINE PROGRAM WHERE THE IMAGINE AWARD WINNERS PROVIDE INSIGHT THROUGH A PANEL DISCUSSION WITH OTHER NONPROFIT ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,450
Program Service Revenue $399,200
Investment Income $0
Other Revenue $0
TOTAL REVENUE $405,650

Expense Breakdown

Grants Paid $120,555
Salaries & Benefits $0
Fundraising Expenses $10,250
Program Expenses $395,717
Other Expenses $296,525
TOTAL EXPENSES $417,080

Year-over-Year Comparison

2023 2022 Change
Revenue $405,650 $347,104 +0.2%
Expenses $417,080 $329,017 +0.3%
Net Income $-11,430 $18,087 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
35

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH CERINI PRESIDENT 4.00
Officer Director
$0 $0 $0
KIMBERLY ROFFI TREASURER 1.00
Officer Director
$0 $0 $0
MATT BURKE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KELLI ANNE CERINI SECRETARY 8.00
Officer 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
2024 No data No data No data No data
2023 $405,650 $417,080 $78,657 $-11,430
2022 $347,104 $329,017 $63,837 $18,087
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