THE TIMOTHY INITIATIVE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE TIMOTHY INITIATIVE INC (EIN 80-0472803)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-18
IRS object ID
202412929349300921
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-18T11:36:56-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273979541PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEVE RICE CPA INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12810 NW 69TH AVEAddressLine1Txt
CityMARGATECityNm
State AbbreviationFLStateAbbreviationCd
ZIP330632000ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800472803EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TIMOTHY INITIATIVE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTIMOBusinessNameControlTxt
Phone9197615760PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 98177AddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27624ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJARED NELMSPersonNm
Person TitleCEO & PRESIDENTPersonTitleTxt
Phone5613334222PhoneNum
Signature2024-09-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVE RICEPreparerPersonNm
PTINP01445650PTIN
Phone9542634878PhoneNum
Preparation2024-09-26PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJARED NELMSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 98177AddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27624ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$23,210,724GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressTTIONLINE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE TIMOTHY INITIATIVE EXISTS TO ADVANCE CHRIST'S KINGDOM BY MULTIPLYING DISCIPLES AND DISCIPLE MAKING CHURCHES AROUND THE WORLD.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee52TotalEmployeeCnt
Total Volunteers225TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$18,551,259PYContributionsGrantsAmt
CY Contributions Grants$21,756,188CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue-$67,171PYOtherRevenueAmt
CY Other Revenue$906,517CYOtherRevenueAmt
PY Total Revenue$18,484,088PYTotalRevenueAmt
CY Total Revenue$22,662,705CYTotalRevenueAmt
CY Grants And Similar Paid$2,093,504CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,775,966PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,567,876CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,699,705CYTotalFundraisingExpenseAmt
PY Other Expenses$13,873,927PYOtherExpensesAmt
CY Other Expenses$14,080,073CYOtherExpensesAmt
PY Total Expenses$17,649,893PYTotalExpensesAmt
CY Total Expenses$21,741,453CYTotalExpensesAmt
PY Revenues Less Expenses$834,195PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$921,252CYRevenuesLessExpensesAmt
Total Assets BOY$26,997,979TotalAssetsBOYAmt
Total Assets EOY$28,387,864TotalAssetsEOYAmt
Total Liabilities BOY$596,620TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,065,253TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$26,401,359NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$27,322,611NetAssetsOrFundBalancesEOYAmt
MissionTHE TIMOTHY INITIATIVE EXISTS TO ADVANCE CHRIST'S KINGDOM BY MULTIPLYING DISCIPLES AND DISCIPLE MAKING CHURCHES AROUND THE WORLD.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$10,172,233ExpenseAmt
Grant$765,379GrantAmt
DescPROJECTS IN ASIA FOCUS ON DISCIPLE MAKING, CHURCH PLANTING AND LEADERSHIP DEVELOPMENTIN AND THROUGH INDIGENOUS LEADERSHIP, WE WORK IN PLACES AND AMONG PEOPLE WHO HAVE LITTLE TO NO ACCESS TO THE GOSPEL. THE PRIMARY AIM OF ALL EFFORTS RESULT IN NEW DISCIPLES MADE AND MULTIPLIED, NEW CHURCHES PLANTED AND MULTIPLIED, NEW LEADERS RAISED UP MULTIPLIED, ORPHANS AND WIDOWS TAKEN IN AND CARED FOR BY THE LOCAL CHURCH, UNREACHED PEOPLE GROUPS AND UNREACHED PLACES ENGAGED.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$6,613,854ExpenseAmt
Grant$1,313,144GrantAmt
DescPROJECTS IN AFRICA FOCUS ON DISCIPLE MAKING, CHURCH PLANTING AND LEADERSHIP DEVELOPMENTIN AND THROUGH INDIGENOUS LEADERSHIP, WE WORK IN PLACES AND AMONG PEOPLE WHO HAVE LITTLE TO NO ACCESS TO THE GOSPEL. THE PRIMARY AIM OF ALL EFFORTS RESULT IN NEW DISCIPLES MADE AND MULTIPLIED, NEW CHURCHES PLANTED AND MULTIPLIED, NEW LEADERS RAISED UP MULTIPLIED, ORPHANS AND WIDOWS TAKEN IN AND CARED FOR BY THE LOCAL CHURCH, UNREACHED PEOPLE GROUPS AND UNREACHED PLACES ENGAGED.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,037,078ExpenseAmt
Grant$14,981GrantAmt
DescPROJECTS IN THE AMERICAS FOCUS ON DISCIPLE MAKING, CHURCH PLANTING AND LEADERSHIP DEVELOPMENTIN AND THROUGH INDIGENOUS LEADERSHIP, WE WORK IN PLACES AND AMONG PEOPLE WHO HAVE LITTLE TO NO ACCESS TO THE GOSPEL. THE PRIMARY AIM OF ALL EFFORTS RESULT IN NEW DISCIPLES MADE AND MULTIPLIED, NEW CHURCHES PLANTED AND MULTIPLIED, NEW LEADERS RAISED UP MULTIPLIED, ORPHANS AND WIDOWS TAKEN IN AND CARED FOR BY THE LOCAL CHURCH, UNREACHED PEOPLE GROUPS AND UNREACHED PLACES ENGAGED.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$18,823,165TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemYes (true)BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document15IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee52EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonERIC KINGPersonNm
Phone9197615760PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17200 STONEHENGE DR 2ND FLOORAddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27613ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JARED NELMS
CEO & PRESID40.00Yes (X)Yes (X)$210,531$0$63,894
DAVID NELMS
FOUNDER40.00Yes (X)Yes (X)$226,651$0$24,861
JUSTIN SOGOIAN
CHIEF DEVEL40.00$164,189$0$59,397Yes (X)
SCOTT RIDOUT
COO40.00$112,591$0$95,888Yes (X)
FREGY JOHN
INT'L MINIST40.00$115,346$0$27,305Yes (X)
ANDRE HARRIOTT
INT'L OPERAT40.00$112,846$0$21,816Yes (X)
JEFF FORESTER
BOARD CHAIR5.00Yes (X)$0$0$33,333
MALCOLM CARTER
DIRECTOR5.00Yes (X)$0$0$0
JONATHAN FALWELL
DIRECTOR5.00Yes (X)$0$0$0
DON KELLY
TREASURER5.00Yes (X)Yes (X)$0$0$0
LESLIE KELLY
DIRECTOR5.00Yes (X)$0$0$0
SWEETLIN MANOHARAN
DIRECTOR5.00Yes (X)$0$0$0
ALAN POENITSKE
DIRECTOR5.00Yes (X)$0$0$0
KATHY ROBERTSON
SECRETARY5.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$942,154TotalReportableCompFromOrgAmt
Total Other Compensation$326,494TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1M28 GLOBALBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line113705 NW PETTYGROVE STAddressLine1Txt
CityPORTLANDCityNm
State AbbreviationORStateAbbreviationCd
ZIP97229ZIPCd
FieldValueIRS element (for citing)
ServicesSOFTWARE DEVOServicesDesc
Compensation$703,632CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Fundraising$5,709,310FundraisingAmt
All Other Contributions$16,046,878AllOtherContributionsAmt
Noncash Contributions$681,002NoncashContributionsAmt
Total Contributions$21,756,188TotalContributionsAmt
Contri Rpt Fundraising Event$5,709,310ContriRptFundraisingEventAmt
Fundraising Direct Expenses$548,019FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$548,019TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
GAIN ON INVESTMENTS$977,567$977,567
OTHER REVENUE$483,799$483,799
LOSS ON FORGN CURR TRANSL-$1,054-$1,054

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$5,776TotalRevenueColumnAmt
Related Or Exempt Func Income-$5,776RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,454,536OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,662,705TotalRevenueColumnAmt
Related Or Exempt Func Income$1,454,536RelatedOrExemptFuncIncomeAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,093,504TotalAmt
Program Services$2,093,504ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$437,182TotalAmt
Program Services$417,508ProgramServicesAmt
Fundraising$19,674FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,130,694TotalAmt
Program Services$3,479,281ProgramServicesAmt
Management And General$512,189ManagementAndGeneralAmt
Fundraising$1,139,224FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$203,268TotalAmt
Management And General$203,268ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,046TotalAmt
Management And General$8,046ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$48,822TotalAmt
Program Services$15,822ProgramServicesAmt
Fundraising$33,000FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,119,083TotalAmt
Program Services$708,124ProgramServicesAmt
Management And General$293,528ManagementAndGeneralAmt
Fundraising$117,431FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,362,633TotalAmt
Program Services$3,224,671ProgramServicesAmt
Fundraising$137,962FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$78,104TotalAmt
Program Services$76,663ProgramServicesAmt
Management And General$1,441ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
CURRICULUM AND MINISTRY$8,772,075$8,394,053$125,608$252,414
MINISTRY EVENTS$416,911$413,539$3,372
BANK CHARGES$71,131$71,131

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$21,741,453TotalAmt
Program Services$18,823,165ProgramServicesAmt
Management And General$1,218,583ManagementAndGeneralAmt
Fundraising$1,699,705FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,384,228BOYAmt
EOY$10,114,340EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$17,240,838BOYAmt
EOY$1,936,757EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,853BOYAmt
EOY$11,823EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$289,972BOYAmt
EOY$68,870EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$380,066LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$152,014LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$308,788BOYAmt
EOY$228,052EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,704,974BOYAmt
EOY$15,634,040EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$64,326BOYAmt
EOY$393,982EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$26,997,979BOYAmt
EOY$28,387,864EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$560,791BOYAmt
EOY$671,271EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$35,829BOYAmt
EOY$393,982EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$596,620BOYAmt
EOY$1,065,253EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,455,547BOYAmt
EOY$9,751,814EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$16,945,812BOYAmt
EOY$17,570,797EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,401,359BOYAmt
EOY$27,322,611EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,997,979BOYAmt
EOY$28,387,864EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$921,252ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,989,971CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$13,492,699CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,793,910CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,551,259CurrentTaxYearMinus1YearAmt
Current Tax Year$21,756,188CurrentTaxYearAmt
Total$82,584,027TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,989,971CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$13,492,699CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,793,910CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,551,259CurrentTaxYearMinus1YearAmt
Current Tax Year$21,756,188CurrentTaxYearAmt
Total$82,584,027TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$82,584,027PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$138,426CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$37,516CurrentTaxYearMinus1YearAmt
Current Tax Year$239,871CurrentTaxYearAmt
Total$415,813TotalAmt
FieldValueIRS element (for citing)
Total Support$82,999,840TotalSupportAmt
Gross Receipts Rltd Activities$2,639,057GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99500PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$380,066OtherCostOrOtherBasisAmt
Depreciation$152,014DepreciationAmt
Book Value$228,052BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$228,052TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescROU LEASE LIABILITYDesc
Amt$393,982Amt
FieldValueIRS element (for citing)
Total Liability$393,982TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$22,662,705TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$22,662,705RevenueSubtotalAmt
Total Revenue Per Form990$22,662,705TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$21,741,453TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$21,741,453ExpensesSubtotalAmt
Total Expenses Per Form990$21,741,453TotalExpensesPerForm990Amt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEANPROGRAM SERVICESCHURCH PLANTING$631,231
EAST ASIA AND THE PACIFICPROGRAM SERVICESCHURCH PLANTING$4,859,476
SOUTH ASIAPROGRAM SERVICESCHURCH PLANTING$1,291,760
AFRICAPROGRAM SERVICESCHURCH PLANTING$3,705,087
FieldValueIRS element (for citing)
Subtotal Spent$10,487,554SubtotalSpentAmt
Total Spent$10,487,554TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)

Purpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
CHURCH PLANTING$769,465WIRE TRANSFER$58,170AUDITO BIBLESFMV
CHURCH PLANTING$443,509WIRE TRANSFER$42,000AUDIO BIBLESFMV
OPERATIONS EXPENSES$765,379WIRE TRANSFER
FieldValueIRS element (for citing)
Total Other Org3TotalOtherOrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE F, PAGE 1, PART I, LINE 3FormAndLineReferenceDesc
ExplanationCENTRAL AMERICA AND THE CARIBBEAN 631,231 0 EAST ASIA AND THE PACIFIC 4,859,476 0 SOUTH ASIA 1,291,760 0 AFRICA 3,705,087 0ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
All StatesAll StatesAllStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GLOBAL PARTNEREvent1Nm
Gross Receipts Event1$5,509,363GrossReceiptsEvent1Amt
Charitable Contri Event1$5,509,363CharitableContriEvent1Amt
Rent Facility Costs Event1$298,082RentFacilityCostsEvent1Amt
Food And Beverage Event1$149,041FoodAndBeverageEvent1Amt
Entertainment Event1$49,680EntertainmentEvent1Amt
Event263 BARRELSEvent2Nm
Gross Receipts Event2$122,517GrossReceiptsEvent2Amt
Charitable Contri Event2$122,517CharitableContriEvent2Amt
Rent Facility Costs Event2$24,508RentFacilityCostsEvent2Amt
Food And Beverage Event2$12,254FoodAndBeverageEvent2Amt
Entertainment Event2$4,084EntertainmentEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$77,430GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$77,430CharitableContriOtherEventsAmt
Oth Direct Expnss Other Events$10,370OthDirectExpnssOtherEventsAmt
Gross Receipts Total$5,709,310GrossReceiptsTotalAmt
Charitable Contributions Tot$5,709,310CharitableContributionsTotAmt
Rent Fclty Costs Total Events$322,590RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$161,295FoodAndBeverageTotalEventsAmt
Entertainment Total Events$53,764EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$10,370OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$548,019DirectExpenseSummaryEventsAmt
Net Income Summary-$548,019NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
JARED NELMS
CEO & PRESIDENT$210,531$19,398$44,496$274,425
DAVID NELMS
FOUNDER$226,651$8,361$16,500$251,512
JUSTIN SOGOIAN
CHIEF DEVEL OFCR$164,189$36,730$22,667$223,586
SCOTT RIDOUT
COO$112,591$23,888$72,000$208,479

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
JESSE NELMS
BROTHER TO CEO$95,000SALARYfalse
CHARITY JACKSON
SISTER TO CEO$55,000SALARYfalse
JEFF FORRESTER
BOARD CHAIRMAN$33,333SERVICE CONTRACTfalse

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$121,531NoncashContributionsRptF990Amt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990Amt
Yes (X)JESUS FILMS1$7,152
Yes (X)AUDIO BIBLES1$546,210
Yes (X)CRYPTOCURRENCY1$6,109
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 2DAVID NELMS JARED NELMS FOUNDER CEOPRESIDENT FATHER AND SON DON KELLY LESLIE KELLY TREASURER DIRECTOR SPOUSES
FORM 990, PAGE 6, PART VI, LINE 8BNO SUBCOMMITTEES GIVEN AUTHORITY OF THE FULL BOARD
FORM 990, PAGE 6, PART VI, LINE 11BIT IS THE POLICY OF THE TIMOTHY INITIATIVE, INC. TO HAVE ITS EXTERNAL ACCOUNTANT PREPARE THE FORM 990 AND SUBMIT IT TO THE IRS AS PART OF THEIR ANNUAL FINANCIAL STATEMENT PREPARATION. THE PRESIDENT AND TREASURER REVIEWS THE FORM 990 WITH THE ACCOUNTANT AND THEN SENDS IT TO THE ENTIRE BOARD FOR REVIEW BEFORE IT IS FILED.
FORM 990, PAGE 6, PART VI, LINE 12CVIOLATIONS OF THE CONFLICTS OF INTEREST POLICY (TTI AMENDED BYLAWS, ARTICLE 11 - CONFLICTS OF INTEREST POLICY, SECTION 3.4) - IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
FORM 990, PAGE 6, PART VI, LINE 15AA SUBCOMMITTEE OF THE BOARD CONDUCTS AN ANALSYSIS ON THE COMPENSATION PACKAGES FOR ALL EXECUTIVE EMPLOYEES SUBMITTING AN ACCEPTABLE RANGE FOR ESTABLISHING COMPENSATION LEVELS.
FORM 990, PAGE 6, PART VI, LINE 15BA SUBCOMMITTEE OF THE BOARD CONDUCTS AN ANALSYSIS ON THE COMPENSATION PACKAGES FOR ALL EMPLOYEES SUBMITTING AN ACCEPTABLE RANGE FOR ESTABLISHING COMPENSATION LEVELS.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC ON GUIDESTAR.ORG, CHARITY NAVIGATOR, OR UPON REQUEST.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GLOCAL TRANSFORMATION NETWORK LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line15400 CAHABA WAYAddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27616ZIPCd
FieldValueIRS element (for citing)
EIN861306626EIN
Legal Domicile StateNCLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1TTIBusinessNameLine1Txt

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