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Nonprofit · EIN 74-2532863

ULTIMATE IMAGINATIONS INC

Tax-exempt (reinstated) · MESA, AZ 85201

Financials

$212K$124K2023$209K$173K2024
Revenue Expenses · by fiscal year end
Financials of ULTIMATE IMAGINATIONS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$208,713$172,773$35,940$71,493$8,338$63,155
June 30, 2024990$212,065$124,289$87,776$332,971$6,955$326,016
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$208,713
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$27
Professional fundraising fees
$0
Legal fees
$2,100
Travel
$4,538
Program services (functional)
$161,322
Management and general (functional)
$11,451

Balance sheet and other

Total assets, start of year
$332,971
Total assets, end of year
$71,493
Total liabilities, end of year
$8,338
Net assets, end of year
$63,155
Net assets without donor restrictions
$63,155
Gross receipts
$240,247
Employees
0
Year formed
1989
State of legal domicile
AZ

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.

NameTitleHours / weekCompensation
Tim SpragueDirector
Trustee or director
0$0
Tina BeattieDirector
Trustee or director
0$0
Jeff McVayDirector
Trustee or director
0$0
Jimmy CerracchioPresident
Trustee or director
0$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensation
Tim SpragueDirector
Trustee or director
0$0
Tina BeattieDirector
Trustee or director
0$0
Jeff McVayDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
100 N CENTER ST, MESA, AZ 85201-6627
Signed the 990
James Cerracchio, President
Phone
(480) 890-2613
Return prepared by
Castel Accounting Solutions PLLC

Mission

Facilitate Artistic, Charitable, and Educational Events in Downtown Mesa

990 for the year ended June 30, 2025

Program accomplishments

  • Assisted the event for multiple event through out the year for downtown mesa association
    Expenses $161,322

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
74-2532863
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$71,493
Income (IRS master file)
$240,247

Revocation and reinstatement

Exemption revoked
November 15, 2024
Posted by the IRS
March 10, 2025
Reinstated
Effective November 15, 2024

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$208,713$172,773$71,493XML
990-TJune 2025–––IRS
990June 2024$212,065$124,289$332,971XML
990June 2021–––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 74-2532863).

Questions about ULTIMATE IMAGINATIONS INC

What is the EIN of ULTIMATE IMAGINATIONS INC?
The employer identification number (EIN) of ULTIMATE IMAGINATIONS INC is 74-2532863.
Is ULTIMATE IMAGINATIONS INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2024 and reinstated it effective November 15, 2024.
Are donations to ULTIMATE IMAGINATIONS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ULTIMATE IMAGINATIONS INC 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 ULTIMATE IMAGINATIONS INC 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 ULTIMATE IMAGINATIONS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of ULTIMATE IMAGINATIONS INC?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does ULTIMATE IMAGINATIONS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $208,713, expenses of $172,773 and total assets of $71,493 at year end.

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