Ima Research Foundation Inc
Nonprofit profile at a glance
- EIN
- 223323222
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Montvale, NJ, USA
- Phone
- 2015739000
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $400,000
- Expenses
- $126,850
- Assets
- $638,927
- Liabilities
- $11,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- SUNIL S DESHMUKH CMA CBM (PRESIDENT)
Highest reported compensation
- MICHAEL DEPRISCO (SECRETARY/TREASURER): $820,692 total reported compensation
- CHRISTINE MILLAWAY CPA (CFO): $403,441 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop and disseminate timely management accounting and financial management research findings that can be applied to current and emerging business issues.
What it reported doing in 2024
The ima research foundation exists to administer the research program of the controlling organization (institute of management accountants, inc.) resulting in published studies and educational articles. In fiscal year 2025, 36 grantees were awarded research grants, and 1 study and an article was published.
Operating model
- Revenue model
- Affiliate-supported. 100% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
The verdict
SUPPORTED - Most voting board members are independent and program spending has grown recently. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 57
- Accountability: 85
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.7%; rating input score 32
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 74.2%; rating input score 74; 47th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 68.3%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 5.04; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 27.4%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 31.7% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 6 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $127K in reported program spending
- Leadership: top reported pay $821K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 10 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.