2025-07-21T10:36:05-07:00 2024-01-31 990 2023-02-01 923257392 Imagine Performing Arts Centers Inc IMAG 4079860494 1220 Oviedo Mall Blvd Oviedo FL 32765 Sarah Fanok Executive Director 4072302858 2025-01-17 1 2023 2025-03-06 01:10:19Z X Imagine Performing Arts Center Sarah Fanok 815 Meiner Blvd Altamonte Springs FL 32701 195635 0 X www.imagineperformingartscenter.org X 2023 FL Imagine Performing Arts Center envisions a world where everyone has the opportunity to experience the joy, freedom, and self-expression of the performing arts. At Imagine Performing Arts Center, we believe in the power of the performing arts to bring people together and enrich lives. We are committed to providing an inclusive, welcoming environment where performers of all ages and abilities can learn, grow, and thrive. Our mission is to make the performing arts accessible and enjoyable for everyone in our community, and to use the performing arts as a way to bring joy, health, and connection to the people of Central Florida. 9 7 0 15 0 0 0 2400 0 183413 0 0 0 6822 0 192635 0 4905 0 0 0 81796 0 0 383 0 114557 0 201258 0 -8623 0 98000 0 86300 0 11700 Imagine Performing Arts Center envisions a world where everyone has the opportunity to experience the joy, freedom, and self-expression of the performing arts. At Imagine Performing Arts Center, we believe in the power of the performing arts to bring people together and enrich lives. We are committed to providing an inclusive, welcoming environment where performers of all ages and abilities can learn, grow, and thrive. Our mission is to make the performing arts accessible and enjoyable for everyone in our community, and to use the performing arts as a way to bring joy, health, and connection to the people of Central Florida. 0 0 125000 3500 123000 Description: Imagine Performing Arts Center provided year-round performing arts instruction in dance, acting, and musical theater for children and teens. Students participated in weekly classes in ballet, tap, jazz, lyrical, and theater, building skills, confidence, and creativity. Classes were taught by trained instructors and open to all levels of experience. Many students with diverse abilities were included in these mainstream classes, with individualized support and a welcoming environment for a wide range of learning styles. Scholarships were awarded to students in this program to reduce financial barriers and ensure inclusive access. 23000 500 5000 Diverse Abilities Dance and Theater Program: Imagine offered inclusive performing arts programs tailored to individuals with physical, cognitive, and neurodiverse needs. These classes were fully scholarship-based, offering a safe, joyful, and accessible space for students to participate in weekly dance and theater activities. Students also performed in recitals and showcases alongside their peers. 11000 0 11825 Summer Camps: The organization ran a series of themed performing arts camps over the summer for students ages 5 to 12. Camps included activities in dance, music, theater games, and storytelling, and concluded with informal performances for families. These short-format camps helped introduce new students to the arts and fostered confidence and creativity. The program welcomed students of all abilities, including those who are neurodiverse, and offered a supportive environment tailored to meet a range of learning and social needs. 30245 905 43588 Student and Community Theater Productions: Students participated in full-scale musical theater productions and seasonal recitals that promoted teamwork, performance skills, and artistic growth. Shows were open to the public and held both in-house and at external venues. Many special needs and neurodiverse students performed through both mainstream and specialized programming. Scholarships and fee waivers helped ensure that all students could participate. In addition to student productions, the organization also co-hosted a small number of community theater performances through a 50/50 ticket-sharing model with external adult and youth theater groups. These performances helped fulfill Imagine's mission of broadening community access to live theater. 30245 905 43588 189245 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 X 9 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 FL X X Sarah Fanok 4072302858 1220 Oviedo Mall Blvd Oviedo FL 32765 Lauren Parker President 0.5 X X 0 0 0 Lisa Smith vice president 0.5 X X 0 0 0 Sarah Fanok Executive Director 50 X 0 0 0 Steven Johnson Theater Director 20 X 0 0 0 Darci Ricciardi Dance Program Director 5 X 0 0 0 Jeff Ilgenfritz Trustee 0.5 X 0 0 0 Asher Lazo Trustee 0.5 X 0 0 0 Christi Maier trustee 0.5 X 0 0 0 Cyn Sellards Trustee 0.5 X 0 0 0 kerry gallagher treasurer 0.5 0 X 0 0 0 chelsea lane secretary 0.5 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2400 0 2400 Diverse Abilities Youth Dance and Theater Education 711190 116508 116508 0 0 Summer Performing Arts Camps 711190 11825 11825 0 0 Student Performances & Recitals (tickets + fees) 711190 24580 24580 0 0 In-House Production Fees 711190 10000 10000 0 0 Theater Company Partnerships (ticket splits) 711190 20500 20500 0 0 0 0 0 0 183413 2817 0 0 0 2817 0 2817 2817 0 0 0 0 0 0 0 0 0 0 7005 3000 4005 4005 0 0 0 192635 190235 0 0 4905 4905 0 81796 71796 10000 5233 5233 2000 1525 275 200 916 550 183 183 5400 5400 82461 82461 3000 3000 250 250 Costumes purchases 5000 5000 0 0 Credit Card Processing Fees 7297 6125 1172 0 COG for Snack Sales 3000 3000 0 0 201258 189245 11630 383 0 98000 0 98000 0 98000 0 60150 0 26150 0 86300 X 0 11700 0 0 0 11700 0 98000 X -8623 0 0 0 0 20323 X 0 0 0 X 2400 2400 0 0 0 0 2400 2400 2400 2817 2817 188783 188783 194000 173413 X Schedule A, Part II, Line 10 ine 10 includes tuition from classes, ticket revenue from in-house performances, summer camp tuition, recital participation fees, production participation fees, and snack sales. These are all related to the organization's exempt purpose and are considered program service revenue. Schedule A, Part II, Line 13 Imagine Performing Arts Center began nonprofit operations in February 2023 and was officially recognized as a 501(c)(3) public charity in September 2024, retroactive to its incorporation date. This filing represents the organization's first tax year of exempt operations. Public support tracking will begin with this return and continue through the five-year qualification period as allowed under section 509(a)(2). 0 0 0 0 0 0 0 0 0 0 0 98000 0 0 98000 0 0 0 0 98000 Schedule D, Part X, Line 1 During the tax year, the organization purchased $98,000 in equipment using borrowed funds to support operations at the Performing Arts Center. These assets include risers, stage lighting, audio equipment, flooring, curtains, and other production tools. No depreciation was recorded for the current year. Sarah Fanok Executive Director To Purchase Assets for the Non-Profit X 40000 32400 0 1 1 Steven Johnson Director To purchase assets for the non-profit X 30000 27750 0 1 1 60150 Steven Johnson Director 3000 Interest Paid On Loan 0 Schedule L, Part I, Line 1 Schedule L, Part II Supplemental Information: The organization received loans from Executive Director Sarah Fanok and Director Steven Johnson to support startup costs and capital expenditures. Ms. Fanok's loan is non-interest bearing. Mr. Johnson's loan was personally financed through a bank, and the organization is repaying him both principal and interest to cover his cost of borrowing. Both loans were approved by the board and are documented in writing. Schedule L, Part IV Steven Johnson, a board member, loaned $30,000 to the organization during its startup period. The organization pays him principal and interest in accordance with the terms of his personal loan from a bank. The interest portion paid to Mr. Johnson in 2023 totaled $3,000 and is reported here as a required business transaction. Form 990, Part VI, Section A, Line 2 Two members of the governing body are not considered independent under IRS guidelines due to family relationships with paid staff. One board member is married to the organization's Director of Dance, and another board member is married to a contracted dance instructor. Neither board member receives compensation from the organization, and both recuse themselves from decisions involving their spouses' compensation or employment. Form 990, Part VI, Section B, Line 11b A draft of Form 990 was prepared by the Executive Director and reviewed in detail by the board treasurer. A complete copy was provided to all board members prior to filing. Board members were given the opportunity to ask questions or provide feedback prior to submission. Form 990, Part VI, Section B, Line 12c Imagine Performing Arts Center maintains a written conflict of interest policy requiring annual disclosure by officers, directors, and key employees. Potential conflicts are reviewed by the board, and affected individuals recuse themselves from related discussions and decisions. Form 990, Part VI, Section B, Line 15 The Executive Director's compensation was reviewed and approved by the Board of Directors based on the organization's available budget and salary benchmarks from similar-sized performing arts nonprofits. The Board acknowledged that the salary was significantly below the market rate but approved it due to limited financial resources and the Executive Director's commitment to sustaining the organization. This process was last reviewed and documented in 2023. No additional compensation was provided. No other officers or key employees received compensation requiring a formal review process. Form 990, Part VI, Section C, Line 19 Imagine Performing Arts Center makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Members of the public may contact the organization by email or through its website to request copies of these materials. The organization also shares key financial information and updates through its annual reports and donor communications. Form 990, Part XI, Line 9 The organization acquired $98,000 in capital assets during the tax year, funded entirely through loans. $11,700 of those loans were repaid during the year. Since these asset purchases were not reflected in revenue, the increase in net assets appears as a reconciling item in Line 9. This explains the difference between the operational deficit and the year-end net asset balance of $11,700. Reasonable Cause for Late Filing - Form 990 for Tax Year 2023 Imagine Performing Arts Center became officially recognized as a 501(c)(3) nonprofit on September 23, 2024, though the organization began operating with a charitable mission in early 2023. Due to delays in the filing of form 1023 and the subsequent delay of the IRS determination process and the complexity of preparing a first-time Form 990 without professional assistance, the return was not filed by the original deadline. The delay was not due to willful neglect, and the organization has made every effort to ensure accurate and transparent reporting. As a new and small nonprofit run by volunteer leadership, we respectfully request that any penalties be waived due to reasonable cause. We are committed to full compliance in future years.