Totals
- Total revenue
- $11,558,098
- Total expenses
- $10,557,413
- Contributions and grants received
- $656,779
- Grants paid
- $26,613
- Program service revenue
- $10,495,352
- Investment income
- $285,309
- Other revenue
- $120,658
- Total assets, end of year
- $16,609,599
- Total liabilities, end of year
- $6,635,851
- Net assets or fund balances, end of year
- $9,973,748
- Program services expenses (Part IX)
- $8,774,021
- Management and general expenses
- $1,198,249
- Fundraising expenses
- $585,143
- Program service expenses (Part III)
- $8,774,021
Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$656,779
-
1g · Noncash contributions included above
$11,225
-
2a · Program service revenue: TUITION INCOME
total $9,648,857 · related or exempt $9,648,857
-
2b · Program service revenue: AFTER SCHOOL CARE
total $294,240 · related or exempt $294,240
-
2c · Program service revenue: CAMPS
total $257,567 · related or exempt $257,567
-
2d · Program service revenue: EVENTS
total $235,988 · related or exempt $235,988
-
2e · Program service revenue: ATHLETIC INCOME
total $35,200 · related or exempt $35,200
-
2f · All other program service revenue
total $23,500 · related or exempt $23,500
-
3 · Investment income
total $285,309 · excluded $285,309
-
6a · Gross rents
real property $13,270
-
6b · Less rental expenses
real property $17,436
-
6c · Rental income or loss
real property -$4,166
-
6d · Net rental income or loss
total -$4,166 · excluded -$4,166
-
8a · Fundraising events: gross income
$169,239
-
8b · Fundraising events: direct expenses
$82,092
-
8c · Net income from fundraising events
total $87,147 · excluded $87,147
-
10a · Gross sales of inventory
$57,560
-
10b · Cost of goods sold
$25,884
-
10c · Net income from sales of inventory
total $31,676 · excluded $31,676
-
11a · Other revenue: OTHER INCOME
total $6,001 · related or exempt $6,001
-
11e · Other revenue, total
$6,001
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,000 · program services $1,000
-
3 · Grants to foreign organizations and individuals
total $25,613 · program services $25,613
-
5 · Compensation of officers, directors and key employees
total $541,612 · program services $447,139 · management and general $70,344 · fundraising $24,129
-
7 · Other salaries and wages
total $5,816,122 · program services $4,828,058 · management and general $736,765 · fundraising $251,299
-
8 · Pension plan contributions
total $223,705 · program services $171,797 · management and general $37,418 · fundraising $14,490
-
9 · Other employee benefits
total $492,144 · program services $415,831 · management and general $57,270 · fundraising $19,043
-
10 · Payroll taxes
total $458,598 · program services $379,316 · management and general $59,118 · fundraising $20,164
-
11b · Fees: legal
total $906 · program services $135 · management and general $771
-
11g · Fees: other
total $76,305 · program services $11,371 · management and general $64,934
-
12 · Advertising and promotion
total $97,755 · program services $97,755
-
13 · Office expenses
total $132,532 · program services $77,424 · management and general $46,412 · fundraising $8,696
-
14 · Information technology
total $279,815 · program services $229,336 · management and general $37,663 · fundraising $12,816
-
16 · Occupancy
total $249,363 · program services $240,885 · management and general $7,231 · fundraising $1,247
-
19 · Conferences, conventions and meetings
total $25,676 · program services $21,044 · management and general $3,456 · fundraising $1,176
-
20 · Interest
total $33,738 · program services $32,591 · management and general $978 · fundraising $169
-
22 · Depreciation, depletion and amortization
total $520,963 · program services $503,250 · management and general $15,108 · fundraising $2,605
-
23 · Insurance
total $114,928 · program services $97,107 · management and general $13,374 · fundraising $4,447
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $453,551 · program services $438,130 · management and general $13,153 · fundraising $2,268
-
24b · Other expenses: EVENT EXPENSES
total $251,938 · program services $29,344 · fundraising $222,594
-
24c · Other expenses: INSTRUCTIONAL MATERIALS
total $192,363 · program services $192,363
-
24d · Other expenses: OTHER ACADEMIC EXPENSES
total $185,688 · program services $185,688
-
24e · All other expenses
total $383,098 · program services $348,844 · management and general $34,254
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $334,219 · end of year $242,533
-
2 · Savings and temporary cash investments
beginning of year $8,636,404 · end of year $9,529,687
-
3 · Pledges and grants receivable
beginning of year $33,503 · end of year $5,053
-
4 · Accounts receivable
beginning of year $76,594 · end of year $90,115
-
9 · Prepaid expenses and deferred charges
beginning of year $97,114 · end of year $237,660
-
10a · Land, buildings and equipment: cost or other basis
$11,961,825
-
10b · Land, buildings and equipment: accumulated depreciation
$5,472,760
-
10c · Land, buildings and equipment, net
beginning of year $6,201,232 · end of year $6,489,065
-
15 · Other assets
beginning of year $15,486 · end of year $15,486
-
17 · Accounts payable and accrued expenses
beginning of year $725,847 · end of year $813,580
-
19 · Deferred revenue
beginning of year $5,181,496 · end of year $5,284,709
-
23 · Secured mortgages and notes payable
beginning of year $514,146 · end of year $537,562
-
27 · Net assets without donor restrictions
beginning of year $8,741,341 · end of year $9,832,575
-
28 · Net assets with donor restrictions
beginning of year $231,722 · end of year $141,173
Mission and programs · 2023
Mission
ST. TIMOTHY'S EPISCOPAL SCHOOL IS A NURTURING COMMUNITY OF ACADEMIC EXCELLENCE THAT INSTILLS THE KNOWLEDGE, SKILLS, AND VALUES FOR A LIFE OF PURPOSE.
-
ST. TIMOTHY'S EPISCOPAL SCHOOL IS A NURTURING COMMUNITY OF ACADEMIC EXCELLENCE THAT INSTILLS THE KNOWLEDGE, SKILLS, AND VALUES FOR A LIFE OF PURPOSE. THE SCHOOL IS A PRIVATE NOT-FOR-PROFIT CORPORATION, SERVING STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL EDUCATED A TOTAL OF 576 STUDENTS DURING THE SCHOOL YEAR.
Expenses $8,774,021 · Grants $26,613 · Revenue $10,501,353
As filed on the 2023 return.
Listed in Part VII
-
MR JOE DIAB
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 8
-
MR CHUCK NEELY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
MR STEVE DIXON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2.5
-
MR WEB WEST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MR DAN CAHILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MR NICK LOMBARDI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MR AARON SPENCER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MRS SUZANNE WILKISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.25
-
MR JIM CAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MRS NDIDI AZIKIWE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MRS ELIZABETH BUNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
FATHER ALLEN WALLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR ROBERT BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MRS MARIA PLENTL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.75
-
MRS BRENDA BEAMON
DIRECTOR OF FINANCE
- Total calculated
- $158,857
- From this org
- $142,319
- From related orgs
- $0
- Other
- $16,538
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,319
- Bonus
- $0
- Other
- $0
- Deferred
- $6,249
- Nontaxable benefits
- $10,289
- Filer's total
- $158,857
-
MR TIM TINNESZ
HEAD OF SCHOOL
- Total calculated
- $302,341
- From this org
- $282,114
- From related orgs
- $0
- Other
- $20,227
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,114
- Bonus
- $0
- Other
- $0
- Deferred
- $11,530
- Nontaxable benefits
- $8,697
- Filer's total
- $302,341
-
LINDSAY BEHRENS
HEAD OF LOWER SCHOOL
- Total calculated
- $114,700
- From this org
- $105,690
- From related orgs
- $0
- Other
- $9,010
- Hours/week
- 40
-
MR TIM COLEMAN
ASSOCIATE HEAD OF SCHOOL
- Total calculated
- $152,660
- From this org
- $138,215
- From related orgs
- $0
- Other
- $14,445
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,215
- Bonus
- $0
- Other
- $0
- Deferred
- $5,748
- Nontaxable benefits
- $8,697
- Filer's total
- $152,660
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ST TIMOTHY'S EPISCOPAL CHURCH
501(C)3 · CHURCH · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501209349300810
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