Timothy Initiative Inc
- Assets
- $25.9m
- Revenue
- $20.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Raleigh, NC
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 80-0472803
Organization Overview
Timothy Initiative Inc is located in Raleigh, NC. The organization was established in 2011. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Timothy Initiative Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timothy Initiative Inc 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 12/2021, Timothy Initiative Inc generated $20.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $9.9m during the year ending 12/2021. While expenses have increased by 26.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TTI IS A REPRODUCTIVE, MULTIPLYING CHURCH PLANTING MOVEMENT THAT WORKS WITH OTHER NATIONAL MOVEMENT LEADERS TO PENETRATE THE NATIONS AND CULTURES WITH THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT ASIA - A CHURCH PLANTING PROGRAM FOCUSING ON THE INDIGENOUS PEOPLE GROUPS OF ASIA TO TRAIN UP CHURCH PLANTERS AND SEND THEM TO PREDOMINANTLY RURAL AND UN-EVANGELIZED AREAS TO PLANT MULTIPLYING NEW CHURCHES.
PROJECT AFRICA - A CHURCH PLANTING PROGRAM FOCUSING ON THE INDIGENOUS PEOPLE GROUPS OF AFRICA TO TRAIN UP CHURCH PLANTERS AND SEND THEM TO PREDOMINANTLY RURAL AND UN-EVANGELIZED AREAS TO PLANT MULTIPLYING NEW CHURCHES.
PROJECT AMERICAS - A CHURCH PLANTING PROGRAM FOCUSING ON THE INDIGENOUS PEOPLE GROUPS OF NORTH, CENTRAL, AND SOUTH AMERICA TO TRAIN UP CHURCH PLANTERS AND SEND THEM TO PREDOMINANTLY RURAL AND UN-EVANGELIZED AREAS TO PLANT MULTIPLYING NEW CHURCHES.
CHURCH PLANTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Nelms President | OfficerTrustee | 40 | $183,960 |
Jared Nelms CEO & Vice P | OfficerTrustee | 40 | $143,960 |
Don Kelly Treasurer | OfficerTrustee | 5 | $0 |
Kathy Robertson Secretary | OfficerTrustee | 5 | $0 |
Jeff Forester Board Chair | Trustee | 5 | $0 |
Leslie Kelly Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,793,910 |
| Noncash contributions included in lines 1a–1f | $564,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,793,910 |
| Total Program Service Revenue | $0 |
| Investment income | $138,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,418,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $333,394 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,423,092 |
| Pension plan accruals and contributions | $45,268 |
| Other employee benefits | $132,810 |
| Payroll taxes | $70,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,406 |
| Fees for services: Accounting | $7,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,353 |
| Fees for services: Other | $60,433 |
| Advertising and promotion | $106,933 |
| Office expenses | $945,264 |
| Information technology | $84,533 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,885,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $575,428 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,845 |
| Insurance | $83,222 |
| All other expenses | $0 |
| Total functional expenses | $9,871,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,355,766 |
| Savings and temporary cash investments | $17,078,010 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $114,701 |
| Net Land, buildings, and equipment | $177,359 |
| Investments—publicly traded securities | $5,117,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,789 |
| Total assets | $25,869,697 |
| Accounts payable and accrued expenses | $302,533 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $302,533 |
| Net assets without donor restrictions | $8,489,154 |
| Net assets with donor restrictions | $17,078,010 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,869,697 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Timothy Initiative Inc has recieved totaling $2,412,069.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $1,000,000 |
Doulos Partners Birmingham, AL PURPOSE: CHURCH DEVELOPMENT | $657,944 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $489,235 |
Dallas Seminary Foundation Dallas, TX PURPOSE: General Support | $75,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Christian Relief Services - 21st Century Campaign Inc Alexandria, VA | $158,124,944 | $23,648,742 |