THE IMAGINE AWARDS INC C/O CERINI … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

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 INSIDE THROUGH A PANEL DISCUSSION WITH OTHER NONPROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $395,717

DURING 2023, THE IMAGINE AWARDS HELD EVENTS IN BOTH LONG ISLAND AND NEW YORK CITY WHERE 48 NONPROFITS WERE HIGHLIGHTED AND MORE THAN 600 PEOPLE CAME TOGETHER TO CELEBRATE THE NONPROFIT SECTOR. THE...

DURING 2023, THE IMAGINE AWARDS HELD EVENTS IN BOTH LONG ISLAND AND NEW YORK CITY WHERE 48 NONPROFITS WERE HIGHLIGHTED AND MORE THAN 600 PEOPLE CAME TOGETHER TO CELEBRATE THE NONPROFIT SECTOR. THE IMAGINE AWARDS PROVIDED GRANTS TO WINNERS, FREE TICKETS TO NONPROFIT ORGANIZATIONS, AND EACH OF THE 40 FINALISTS RECEIVED CUSTOM MADE, PROFESSIONALLY PRODUCED VIDEOS. THE IMAGINE AWARDS HELPS TO VALIDATE AND SHARE THE IMPORTANT WORK THAT NONPROFIT ORGANIZATIONS ARE PERFORMING IN OUR COMMUNITIES. THE IMAGINE AWARDS ARE THE ONLY AWARDS PROGRAM IN THE NEW YORK AREA THAT FOCUSES ON THE NONPROFIT SECTOR, A SECTOR THAT CHANGES LIVES ON A DAILY BASIS. THE IMAGINE AWARDS PROVIDES AN AVENUE TO COLLABORATE AND EXPLORE, IT PROVIDES EXPOSURE AND RECOGNITION TO THE FINALISTS AND THE SECTOR, AND IT PROVIDES A NIGHT WHERE THE LIGHT IS SHINED ON THE SECTOR TO SPOTLIGHT ALL OF THE AMAZING THINGS THAT ARE HAPPENING IN THE NONPROFIT COMMUNITY. IMAGINE AWARDS PARTICIPANTS HAVE DEVELOPED NEW PARTNERSHIPS AND COLLABORATIONS, HAVE MADE CORPORATE CONNECTIONS WHICH HAS RESULTED IN NEW BOARD MEMBERS AND CONTRIBUTIONS, HAVE GAINED STRATEGIC INSIGHT INTO WHAT OTHER ORGANIZATIONS ARE DOING, AND HAVE DEVELOPED NEW FRIENDSHIPS AND RELATIONSHIPS THAT HAVE PROVEN ESSENTIAL TO THE GROWTH AND DEVELOPMENT OF THEIR 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%)

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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

THE IMAGINE AWARDS INC C/O CERINI & ASSOCIATES LLP