Illinois · Nonprofit
IMSA FUND FOR ADVANCEMENT OF EDUCATION
IMSA FUND FOR ADVANCEMENT OF EDUCATION (Illinois) receives grants from 28 organizations whose IRS filings report $4,618,419 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,481,208). 20 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $2.7M
- Funders on record
- 28
- Grants received
- $4.6M
- Net assets
- $22M
What Imsa Fund for Advancement of Education does
Mission
To further math, science, & technology education through institutional advancement and support of programs of the illinois mathematics and science academy.
As stated on its FY2025 Form 990.
Programs
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).
$517,448 spentof which $513,364 as grants$2,615,533 earned by the program87% of program spendingGifted 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).
$8,364 spentof which $8,364 as grants1% of program spendingSummer 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.)
$70,800 spent$43,314 earned by the program12% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $596,612.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $12M to $19M (+54%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 15 funders, grant income rose $31k → $319k.
8 of 28 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 86% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of IMSA FUND FOR ADVANCEMENT OF EDUCATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
IMSA FUND FOR ADVANCEMENT OF EDUCATION leans on a few funders — its largest provides 75% of grant income and the top three 89%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
86% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund IMSA FUND FOR ADVANCEMENT OF EDUCATION.
Largest funder’s share by year: 2017 63% · 2018 37% · 2019 72% · 2020 45% · 2021 46% · 2022 25% · 2023 41% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
39% of IMSA FUND FOR ADVANCEMENT OF EDUCATION's funders are still giving 3 years after their first grant; 71% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
86% of IMSA FUND FOR ADVANCEMENT OF EDUCATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $666k that is directly attributable, 74% of it comes from funders outside Illinois, across 12 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $4.0M arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like IMSA FUND FOR ADVANCEMENT OF EDUCATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Public support
84%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for IMSA FUND FOR ADVANCEMENT OF EDUCATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds IMSA FUND FOR ADVANCEMENT OF EDUCATION?
- IMSA FUND FOR ADVANCEMENT OF EDUCATION (Illinois) receives grants from 28 organizations whose IRS filings report $4,618,419 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,481,208). 20 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does IMSA FUND FOR ADVANCEMENT OF EDUCATION have?
- IRS filings report 28 organizations giving $4,618,419 in grants to IMSA FUND FOR ADVANCEMENT OF EDUCATION, 20 of which have funded it in more than one year.
- Who is the largest funder of IMSA FUND FOR ADVANCEMENT OF EDUCATION?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $3,481,208 in grants. The full list of funders is on this page.
- How can an organization like IMSA FUND FOR ADVANCEMENT OF EDUCATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 28 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing