Nonprofit · EIN 36-3422778
IMSA FUND FOR ADVANCEMENT OF EDUCATION
Tax-exempt · AURORA, IL 60506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,667,211 | $729,736 | $1,937,475 | $21,884,714 | $11,491 | $21,873,223 |
| June 30, 2024 | 990 | $6,264,097 | $624,819 | $5,639,278 | $18,618,033 | $10,119 | $18,607,914 |
| June 30, 2023 | 990 | $1,171,905 | $752,098 | $419,807 | $12,082,978 | $8,870 | $12,074,108 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,057,550
- Program service revenue
- $0
- Investment income
- $609,661
- Net gain from sales of assets
- $74,599
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $521,728
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $5,276
- Program services (functional)
- $596,612
- Management and general (functional)
- $104,310
- Fundraising (functional)
- $28,814
Balance sheet and other
- Total assets, start of year
- $18,618,033
- Total assets, end of year
- $21,884,714
- Total liabilities, end of year
- $11,491
- Net assets, end of year
- $21,873,223
- Publicly traded securities
- $14,854,290
- Net assets without donor restrictions
- $11,505,333
- Net assets with donor restrictions
- $10,367,890
- Gross receipts
- $3,305,418
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1986
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACOB PLUMMER | PRESIDENT (THRU 4/28/25) Trustee or director, Officer | 1 | $0 |
| KIMBERLY SIMON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATT MADDOX | TREASURER Trustee or director, Officer | 1 | $0 |
| KEVIN BROOKINS | SECRETARY (THRU 4/28/25) Trustee or director, Officer | 1 | $0 |
| DAN MUETH | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL FOUNTAIN | DIRECTOR Trustee or director | 1 | $0 |
| HECTOR CORREA | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD TUNG | DIRECTOR Trustee or director | 1 | $0 |
| SAM YAGAN | DIRECTOR Trustee or director | 1 | $0 |
| SHARON ZENG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACOB PLUMMER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEVIN BROOKINS | SECRETARY Trustee or director, Officer | 1 | $0 |
| MATT MADDOX | TREASURER Trustee or director, Officer | 1 | $0 |
| KIMBERLY SIMON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| HECTOR CORREA | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL FOUNTAIN | DIRECTOR Trustee or director | 1 | $0 |
| RAJ TANK | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD TUNG | DIRECTOR Trustee or director | 1 | $0 |
| SAM YAGAN | DIRECTOR Trustee or director | 1 | $0 |
| STEVE CRUTCHFIELD | DIRECTOR Trustee or director | 1 | $0 |
| SHARON ZENG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACOB PLUMMER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEVIN BROOKINS | SECRETARY Trustee or director, Officer | 1 | $0 |
| E GLENN RIPPIE | TREASURER/VICE PRESIDENT (THRU 5/31/23) Trustee or director, Officer | 1 | $0 |
| KIMBERLY SIMON | DIRECTOR/VICE PRESIDENT (START 5/1/23) Trustee or director, Officer | 1 | $0 |
| MATT MADDOX | DIRECTOR/TREASURER (START 5/17/23) Trustee or director, Officer | 1 | $0 |
| HECTOR CORREA | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL FOUNTAIN | DIRECTOR (THRU 5/31/22) Trustee or director | 1 | $0 |
| RAJ TANK | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD TUNG | DIRECTOR Trustee or director | 1 | $0 |
| SAM YAGAN | DIRECTOR Trustee or director | 1 | $0 |
| STEVE CRUTCHFIELD | DIRECTOR Trustee or director | 1 | $0 |
| SHARON ZENG | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 SULLIVAN RD, AURORA, IL 60506-1000
- Principal officer (990 for 2024)
- KIMBERLY SIMON, 1500 SULLIVAN ROAD, AURORA, IL 605061000
- Signed the 990
- KIMBERLY SIMON, PRESIDENT
- Phone
- (630) 907-5681
- Website
- HTTPS://WWW.IMSA.EDU/GIVING
- Return prepared by
- SIKICH LLC
Mission
TO FURTHER MATH, SCIENCE, & TECHNOLOGY EDUCATION THROUGH INSTITUTIONAL ADVANCEMENT AND SUPPORT OF PROGRAMS OF THE ILLINOIS MATHEMATICS AND SCIENCE ACADEMY.
Program accomplishments
- EDUCATIONAL PROGRAMS - IMSA FUND SUPPORTS PROFESSIONAL DEVELOPMENT AND STUDENT ENRICHMENT FOR ILLINOIS SCHOOLS, TEACHERS, AND COMMUNITIES THROUGH PROGRAMS THAT DEVELOP TALENT AND LEADERSHIP IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS). PROFESSIONAL DEVELOPMENT IN PARTNERSHIP WITH SCHOOLS FOR TEACHERS INCLUDE: PROBLEM-BASED LEARNING, IMSA FUSION, AND INQUIRY-BASED MATH AND SCIENCE TEACHING. STUDENT ENRICHMENT PROGRAMS INCLUDE SUMMER AND WEEKEND PROGRAMS AS WELL AS ONLINE AND AFTER-SCHOOL LEARNING ACTIVITIES SUCH AS FUSION AND ALLIES. ALL PROGRAMS HAVE AN EMPHASIS ON SERVING STUDENTS HISTORICALLY UNDERREPRESENTED AND UNDERSERVED IN MATH AND SCIENCE (APPROXIMATED 7,500 STUDENTS AND TEACHERS).Expenses $517,448 · grants $513,364 · revenue $2,615,533
- GIFTED EDUCATION, GENERAL/OTHER - IMSA FUND SUPPORTS THE ADVANCED RESIDENTIAL COLLEGE PREPARATORY PROGRAM OF THE ILLINOIS MATHEMATICS AND SCIENCE ACADEMY WHICH INCLUDES STUDENT INQUIRY AND RESEARCH, LEADERSHIP DEVELOPMENT, FACULTY DEVELOPMENT, SCHOLARSHIPS, MINORITY RECRUITMENT AND RETENTION, LEARNING ASSESSMENT, CURRICULUM DEVELOPMENT AND ENTREPRENEURIAL INITIATIVES. THE EMPHASIS IS ON ENABLING ACADEMICALLY TALENTED STUDENTS TO REACH EXCEPTIONAL LEVELS OF ACHIEVEMENT IN MATH, SCIENCE, AND TECHNOLOGY (APPROXIMATELY 650 RESIDENTIAL STUDENTS).Expenses $8,364 · grants $8,364
- SUMMER RESEARCH AND EXPERIENTIAL LEARNING OPPORTUNITIES (SRELO) - THE IMSA FUND SUPPORTS STUDENT ENRICHMENT THROUGH PROGRAMS THAT EXPAND ACCESS TO HIGH-QUALITY STEM LEARNING FOR ILLINOIS STUDENTS. THE SUMMER RESEARCH AND EXPERIENTIAL LEARNING OPPORTUNITIES (SRELO) PROGRAM PROVIDES ILLINOIS HIGH SCHOOL STUDENTS WITH AUTHENTIC, MENTORED RESEARCH EXPERIENCES IN MATH, SCIENCE, AND TECHNOLOGY. THROUGH PARTNERSHIPS WITH HIGHER EDUCATION AND RESEARCH INSTITUTIONS ACROSS ILLINOIS, STUDENTS ENGAGE IN INQUIRY-BASED PROJECTS THAT STRENGTHEN COLLEGE AND CAREER READINESS IN STEM FIELDS. (APPROXIMATELY 100 ILLINOIS STUDENTS SERVED ANNUALLY.)Expenses $70,800 · revenue $43,314
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3422778
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $21,884,714
- Income (IRS master file)
- $3,305,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,667,211 | $729,736 | $21,884,714 | XML |
| 990 | June 2024 | $6,264,097 | $624,819 | $18,618,033 | XML |
| 990 | June 2023 | $1,171,905 | $752,098 | $12,082,978 | XML |
| 990 | June 2022 | $1,161,298 | $662,197 | $10,937,420 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3422778).
Questions about IMSA FUND FOR ADVANCEMENT OF EDUCATION
- What is the EIN of IMSA FUND FOR ADVANCEMENT OF EDUCATION?
- The employer identification number (EIN) of IMSA FUND FOR ADVANCEMENT OF EDUCATION is 36-3422778.
- Is IMSA FUND FOR ADVANCEMENT OF EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to IMSA FUND FOR ADVANCEMENT OF EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMSA FUND FOR ADVANCEMENT OF EDUCATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IMSA FUND FOR ADVANCEMENT OF EDUCATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IMSA FUND FOR ADVANCEMENT OF EDUCATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IMSA FUND FOR ADVANCEMENT OF EDUCATION?
- The 990 for the year ended June 30, 2025 names KIMBERLY SIMON.
- Who are the officers and directors of IMSA FUND FOR ADVANCEMENT OF EDUCATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does IMSA FUND FOR ADVANCEMENT OF EDUCATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,667,211, expenses of $729,736 and total assets of $21,884,714 at year end.
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