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        <ExplanationTxt>CHURCH PLANTING</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>DAVID NELMS JARED NELMS PRESIDENT DIRECTOR FATHER AND SON</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>IT IS THE POLICY OF THE TIMOTHY INITIATIVE, INC. TO HAVE ITS EXTERNAL ACCOUNTANTS PREPARE THE FORM 990 AND SUBMIT IT TO THE IRS AS PART OF THEIR ANNUAL FINANCIAL STATEMENT PREPARATION. THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 WITH THE ACCOUNTANTS AND THEN DISCUSSES WITH THE TREASURER BEFORE IT IS FILED.</ExplanationTxt>
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        <ExplanationTxt>VIOLATIONS 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.</ExplanationTxt>
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