Imsa Fund for Advancement of Education
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO FURTHER MATH, SCIENCE, & TECHNOLOGY EDUCATION THROUGH INSTITUTIONAL ADVANCEMENT AND SUPPORT OF PROGRAMS OF THE ILLINOIS MATHEMATICS AND SCIENCE ACADEMY.
- Income
- $2.7 million
- Spending
- $729,736
- Spent on programs
- 82%
- Reserves
- Over 10 years of spending
- Largest source of income
- donations and private grants, 77%
- Employees
- 0
- Volunteers
- 9
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100.
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 73% of income.
Income trend
0 of 15Income fell 57% on the year before.
Spending floor
15 of 1582% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100.
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $517,448 spent. 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).
- $8,364 spent. 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).
- $70,800 spent. 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.)
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 1987.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.