2020-07-02T12:25:30-05:00 2019-06-30 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2018-07-01 361870590 Timothy Christian Schools TIMO 6308334616 188 W Butterfield Rd Elmhurst IL 60126 Matt Davidson Superintendent 6308334616 2020-07-02 Sara Tibbott P01486965 6306829797 139.146.132.42 2020-07-02 13:25:20 ED P 0FF61730296B1857ECE530A162D6E4BE9FF4AC3A 34183B7C906747EA6FA0B3C387A20FC90D1936E4 2018 2021-01-29 14:40:06Z Matt Davidson 188 W Butterfield Rd Elmhurst IL 60126 15561460 0 X www.timothychristian.com X 1911 IL Develop academically prepared Christian disciples who embrace Christ's call to transform the world 21 20 271 300 0 0 6628807 2900386 11355608 11677216 36319 80481 610954 567377 18631688 15225460 1814493 6628454 0 0 8600652 9086447 0 0 399097 3910016 5095993 14325161 20810894 4306527 -5585434 37350333 31264867 4518214 4018182 32832119 27246685 X Serving God and His people, Timothy Christian Schools develops academically prepared Christian disciples who embrace Christ's call to transform the world. 0 0 16812983 6547546 11538889 Founded in 1911, Timothy Christian Schools (Timothy) is a fully accredited, parent-run, pre-kindergarten through grade 12 Christian school system that places academic excellence and a reformed Biblical worldview at the heart of its mission. Every program at Timothy - from mathematics to music, from business to basketball - is done with the knowledge that God created people and gave them the universe to explore and enjoy. This knowledge inspires Timothy to pursue the highest possible quality in everything it does.Every child at Timothy - from the accelerated learners to those requiring additional support - is viewed as a gift from God and an image bearer of Christ. This vision is the motivation for the loving care and attention Timothy provides to its students.Timothy is an extension of Christian family life, and takes seriously its obligation to be partners with parents in providing the best possible education for its students. From preschool to high school graduation, Timothy is dedicated to bringing every student to his or her highest potential: academically, socially and spiritually.For the 18/19 fiscal year 1,087 pre-kindergarten through grade 12 students attended Timothy Christian Schools. 1092935 80908 614090 Auxiliary services:Transportation Services - Daily busing services to and from school.International Student Program - Increase global awareness in our community and to further our mission of "embracing Christ's call to transform the world."Before and After School Care - Safe and affordable before and after school care and summer care. 17905918 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 27 0 1 271 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Tyler VanderBrug 6308334616 188 W Butterfield Rd Elmhurst IL 60126 Joel Tameling President 3.00 0.50 X X 0 0 0 Tracy Jarzombek Vice President 3.00 X X 0 0 0 Brian Anderson Treasurer 3.00 X X 0 0 0 PJ Huizenga Financial Secretary 3.00 0.50 X X 0 0 0 Paul Buikema Secretary 3.00 0.50 X 0 0 0 Mike Alles Director 3.00 X 0 0 0 Rob Orange Director 3.00 X 8250 0 0 Wendy Marshall Director 3.00 X 0 0 0 Linda Heyboer Director 3.00 X 0 0 0 Marla Stob Director 3.00 X 5883 0 0 Vickie Trotter Director 3.00 X 0 0 0 Allyson Miller Director 3.00 X 0 0 0 Jennifer David Director 3.00 X 0 0 0 Matt Voss Director 3.00 X 0 0 0 Brent Yurschak Director 3.00 X 0 0 0 Steve De Boer Director 3.00 X 0 0 0 Ryan Brandsma Director 3.00 X 0 0 0 Jeff Dorsey Director 3.00 X 0 0 0 Bob Hooker Director 3.00 X 0 0 0 Jill Rhiner Director 3.00 X 0 0 0 Kelly Wilbraham Director 3.00 X 0 0 0 Matt Davidson Superintendent 40.00 0.50 X 250367 0 53987 Tyler VanderBrug Director of Finanace & Operations 40.00 X 0 0 0 Jason van den Brink Business Manager (part year) 40.00 X 97803 0 50384 Tim Hoeksema ES Principal 40.00 X 130282 0 24532 Kevin Hackert Director of IT 40.00 X 113402 0 55688 Bob Venhousen Director of Advancement 40.00 X 116913 0 42930 722900 0 227521 4 0 1 0 Executive Construction Inc 235 Fencl Lane Hillside IL 60162 General Contractor 2319338 First Student Inc 22157 Network Place Chicago IL 606731221 School Bus Transportation 323260 M&M Cleaning Services Inc 700 E Elm Ave Ste D La Grange IL 60525 Custodial Services 233919 AMDG Architects Inc 25 Commerce SW Ste 300 Grand Rapids MI 49503 Architect 200154 Infinity Mechanical Systems 439 Julia Street Lemont IL 60439 Mechanical Service Contractor 123918 5 133272 210064 2557050 292547 2900386 Tuition and fees 900099 11063126 11063126 Auxiliary services 900099 614090 614090 11677216 1656 1656 107839 7952 99887 99887 99887 309700 9176 221699 -9176 88001 78825 78825 17000 133272 25273 -8273 -8273 547663 71900 475763 475763 15225460 12152979 0 172095 4849941 4849941 1778513 1778513 470893 395550 75343 94381 94381 6496275 5585393 689236 221646 738483 645468 67756 25259 777803 715106 44430 18267 508612 426261 64035 18316 30516 30516 59170 59170 30569 21367 2369 6833 107637 105696 1941 171580 12072 128016 31492 47751 47751 1167426 796655 370771 116794 116794 115834 115834 1214418 1204284 10134 91354 91354 Transportation 859352 859352 Classroom supplies 651712 651712 Bad Debt Expense 326575 326575 Textbooks 59512 59512 45793 41356 4437 20810894 17905918 2505879 399097 X 2398674 186823 241716 63284 3838506 1910545 105840 90578 94190 73037 45809419 16868819 25938962 28940600 7026 4725419 37350333 31264867 1891286 1159562 231898 185674 2315007 2644625 80023 28321 4518214 4018182 X 28854046 25226058 3978073 2020627 32832119 27246685 37350333 31264867 -5585434 0 X X 0 1 X 1 0 X 3721323 15974474 4100293 6628807 2900386 33325283 3721323 15974474 4100293 6628807 2900386 33325283 12059787 21265496 143756 127327 127433 123463 109495 631474 194378 26984 36000 36000 17000 310362 34267119 56007897 0.62060 0.62320 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising events - 2014 Amount: $ 194,378. 2015 Amount: $ 26,984. 2016 Amount: $ 36,000. 2017 Amount: $ 36,000. 2018 Amount: $ 17,000. Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4742155 293997 245500 210064 5071588 4428676 261905 261212 209638 4742155 4122988 25627 513454 233393 4428676 4357779 98690 -117077 216404 4122988 4273382 184290 118875 218768 4357779 1.00000 0 1 1 768134 768134 39932646 12903700 27028946 5028102 3965119 1062983 80537 80537 28940600 Retirement liability 26335 Due to Related Party 1986 28321 Part V, Line 4: Endowment funds are established to provide scholarships and support the programs of Timothy Christian Schools. Part V, lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(c). Golf Outing 150272 133272 17000 11780 13493 150272 133272 17000 11780 13493 25273 -8273 1 Timothy Christian Schools Foundation 188 W Butterfield Rd Elmhurst IL 60126 834430907 501(c)(3) 4744141 General support Daystar Christian Schools 1550 South State Street Chicago IL 60605 363691871 501(c)(3) 52900 General support West Side Christian Schools 1240 S Pulaski Rd Chicago IL 60623 237072743 501(c)(3) 52900 General support 3 0 Tuition assistance 515 1772013 Scholarships for college tuition 5 6500 Part I, Line 2: Grants to organizations - The Organization distributes money earned by the resale shop to three local schools. So long as the recipient schools remain qualified charitable institutions, they may use the funds for any school related purpose. Contributions were made to Timothy Christian Schools Foundation, a related organization, to assist in funding their operations as a separate legal entity. Tuition assistance - The Organization also awards tuition assistance in accordance with the School's financial aid policies. The assistance is credited to student accounts. Scholarships for college tuition - Recipients are determined through a preselected criteria that is consistent from year to year. Each year, the teachers and administrators get together to select students that fit these criteria. These funds are sent directly to the institution. X X X X 0 0 0 0 0 0 0 0 0 Matt Davidson Superintendent 250367 0 0 0 0 0 35051 0 18960 0 304378 0 0 0 Tim Hoeksema ES Principal 130282 0 0 0 0 0 18240 0 6312 0 154834 0 0 0 Kevin Hackert Director of IT 113402 0 0 0 0 0 15876 0 39836 0 169114 0 0 0 Bob Venhousen Director of Advancement 116913 0 0 0 0 0 16368 0 26585 0 159866 0 0 0 76511 Tuition Asst. Tuition Asst. Diana De Boer Family member of Steve De Boer 66849 Wages and benefits 0 Julie Davidson Family member of Matt Davidson 21812 Wages and benefits 0 X 7 292547 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee is comprised of the Board officers: President, Vice President, Secretary, Treasurer, and Financial Secretary. The Committee takes action on behalf of the Board between Board meetings as necessary for the operation of the school, and their actions are subject to the approval of the Board. Form 990, Part VI, Section A, line 6 Parent and Guardian Members - Parents and guardians of students admitted to the Schools of the Society who subscribe to the Mission and Philosophy of the Society are members of the Society. Other Members - Others approved by the Board of Directors of the Society may become members of the Society if they are over the age of 18 years, subscribe to the Mission and Philosophy of the Society, provide financial support to the Society annually in an amount to be determined by the Board of Directors, and meet any other requirements for membership as may be determined from time to time by the Board of Directors of the Society. Form 990, Part VI, Section A, line 7a Board of Directors are elected at the annual Society Meeting. Form 990, Part VI, Section A, line 7b Decisions affecting the organizational structure, by-laws, and the like are subject to the approval of members in the Timothy Society. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. A copy of the Form 990 was given to the Finance Committee of the Board of Directors who reviewed it in detail with the Superintendent and Director of Finance & Operations. A copy of the Form 990 was also provided to all Directors for review and questions prior to filing with the IRS. Form 990, Part VI, Section B, line 12c A conflict of interest statement is part of the school's governance package. The Board of Directors and officers submit possible conflicts to the Superintendent for review and the Executive Committee reviews the Superintendent's statement. Should any potential conflicts of interest be disclosed, the Board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Line 15a - The Executive Committee of the Board of Directors determines the compensation for the Superintendent using comparable data. The compensation approval process is completed annually and documented in the Committee minutes. Line 15b - The Superintendent and Executive Committee review and set the compensation for all other officers. Comparability data is used, and the approval process is documented in the Committee minutes. Form 990, Part VI, Section C, line 19 The school's governing documents, conflict of interest policy, and financial statements are available by request to the Business Office of the Organization. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $25,226,058 Line 29 - Net assets with donor restrictions $ 2,020,627 Total net assets $27,246,685 Form 990, Part XII, Line 2c The organization's Finance Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Timothy Christian Foundation 188 W Butterfield Road Elmhurst IL 60126 834430907 Tuition Assistance IL 501(c)(3) Line 12a, I Timothy Christian Schools 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Timothy Christian Schools Foundation B Timothy Christian Schools Foundation C Timothy Christian Schools Foundation O