Towle Institute
- Assets
- $43.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hockessin, DE
- Founding
- 09/1996
- Data as of
- 06/2024
- 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 06/2024, Towle Institute generated $98.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $112.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 4 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
2024
Describe the Organization's Program Activity:
Part 3
SUPPORTED 30FT AND 17PT 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 | $21,733 | |
Michael R Slaten President | 1 | $0 | |
Roger S Todd Treasurer | 2 | $1,041 | |
Lori Hickman Secretary & Teacher | 7 | $7,525 | |
Sara Chick Board Member. Bookkeeper & Teacher | 9 | $10,000 | |
Amanda Hall Board Member & Teacher | 1 | $150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $98,437 |
| Membership dues | $0 |
| Investment income | $40 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $95 |
| Total Revenue | $98,572 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,972 |
| Professional fees and other payments to independent contractors | $2,301 |
| Occupancy, rent, utilities, and maintenance | $6,913 |
| Printing, publications, postage, and shipping | $1,088 |
| Other expenses | $33,936 |
| Total expenses | $112,210 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,256 |
| Other assets | $0 |
| Total assets | $43,256 |
| Total liabilities | $1,366 |
| Net assets or fund balances | $41,890 |