Towle Institute
- Assets
- $62.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hockessin, DE
- Founding
- 09/1996
- Data as of
- 06/2022
- EIN
- 51-0349405
Organization Overview
Towle Institute is located in Hockessin, DE. The organization was established in 1996. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Towle Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Towle Institute generated $135.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $116.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SUPPORTED 44FT AND 12PT ENROLLED STUDENTS AND THEIR PARENTS BY PROVIDING CHRISTIAN BASED EDUCATIONAL SERVICES AND RESOURCES. TEACHERS & STAFF SALARIES, PAYROLL TAXES, RENT, INSURANCE, COPIER, CURRICULUM AND SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen E Todd Principal & Exec Dir | 25 | $14,689 | |
Maureen Mcfadden Bookkeeper | 6 | $5,253 | |
Sara Chick Board Member & Teacher | 3 | $4,133 | |
Lori Hickman Secretary & Teacher | 3 | $3,786 | |
Roger S Todd Treasurer | 2 | $1,041 | |
Michael R Slaten President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,705 |
| Total Program Service Revenue | $118,467 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $135,174 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $77,617 |
| Professional fees and other payments to independent contractors | $1,220 |
| Occupancy, rent, utilities, and maintenance | $7,700 |
| Printing, publications, postage, and shipping | $1,412 |
| Other expenses | $28,730 |
| Total expenses | $116,679 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,337 |
| Other assets | $0 |
| Total assets | $62,548 |
| Total liabilities | $3,016 |
| Net assets or fund balances | $59,532 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Towle Institute has recieved totaling $195.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $195 |
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Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |