Imagine Enterprises Inc
Nonprofit profile at a glance
- EIN
- 742765337
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Seabrook, TX, USA
- Phone
- 7138766564
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonprofit Management
Reported finances
- Revenue
- $15,419,235
- Expenses
- $15,033,499
- Assets
- $2,033,767
- Liabilities
- $862,183
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- NORINE JALOWAY-GILL (EXECUTIVE DIRECTOR)
Highest reported compensation
- SANDY SMITH (CO-CHIEF OPERATING OFFICER): $77,348 total reported compensation
- NORINE JALOWAY-GILL (EXECUTIVE DIRECTOR): $76,991 total reported compensation
- CHERYL HARRIS (CO-CHIEF OPERATING OFFICER): $75,829 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Imagine enterprises envisions a world where all people are respected, valued, and provided opportunity in the workplace and the community.
What it reported doing in 2024
Social security administration [ssa], work incentive planning and assistance (wipa) - using the social security administration work incentives and benefits planning, the work incentive planning and assistance (wipa) project provides guidance for social security beneficiaries with disabilities in dallas-fort worth metroplex and surrounding counties. Beneficiaries want to get a job, complete their college education, or start a business. The organization also provides training and technical assistance to beneficiaries, family members, and professionals. Ssa, employment network (en) - imagine is an approved employment network provider for the social security administration. Cognosante serves as the administrative agency, to provide direct support and guidance to ssa beneficiaries who want to return to work. Benefits planning, training and follow-along with beneficiaries assist to understand and complete required tasks. Coordination with tws-vrs is required for some cases.Texas workforce commission - vocational rehabilitations services, benefits planning fee-for-service contract purchases individualized analysis and counseling services to referred beneficiaries from vocational rehabilitation counselors across Texas. Texas workforce commission - vocational rehabilitation services fee-for-service contracts include pre-employment transition services (pre-ets), employment services, and self-employment. Local vocational rehabilitation counselors provide referrals and service authorizations to imagine credentialed staff to provide specific services. Services include self-advocacy, job training and job support so that individuals with significant disabilities can find, get and keep a job. Various contracts and training opportunities imagine professional staff offer training on employment and benefits through various entities including the education service centers, Virginia commonwealth university, university of north Texas and Kansas university.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 94
- Accountability: 89
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95%; rating input score 95
- Program expense ratio: 97.5%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 21st percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 2.5%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 16.7% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 17.1% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 19.9% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 95% of revenue deployed · 97.5% of spending went to programs
- Governance: 8 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $14.7M in reported program spending
- Leadership: top reported pay $77K · 10 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.