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Nonprofiteer
← FRIENDS OF TIMA INC

Form 990 for tax year 2024

Filed by FRIENDS OF TIMA INC.

Totals

Total revenue
$48,184
Total expenses
$30,404
Contributions and grants received
$48,184
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$608,680
Total liabilities, end of year
$500
Net assets or fund balances, end of year
$608,180
Program services expenses (Part IX)
$30,404
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$30,404

Program services were 100.0% 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

    $48,184

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $500 · program services $500

  • 22 · Depreciation, depletion and amortization

    total $29,904 · program services $29,904

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,400 · end of year $138,584

  • 10a · Land, buildings and equipment: cost or other basis

    $500,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,904

  • 10c · Land, buildings and equipment, net

    beginning of year $500,000 · end of year $470,096

  • 17 · Accounts payable and accrued expenses

    end of year $500

  • 27 · Net assets without donor restrictions

    beginning of year $590,400 · end of year $608,180

Mission and programs · 2024

Mission

Friends of TIMA, Inc. is a supporting public charity created exclusively for the benefit of Tybee Island Charter School Inc. doing business as (dba) Tybee Island Maritime Academy (TIMA), a 501(c)(3) public charity. (Continued at Schedule O).Friends of TIMA, Inc. assists TIMA through fundraising and fund management; by making grants, gifts, and other distributions to TIMA; and by engaging in other activities that further and support TIMA's charitable purposes.

Activities or mission (Part I)

To support Tybee Island Maritime Academy and hold assets for the school's benefit.

  • To support Tybee Island Maritime Academy and hold assets for the school's benefit.

    Expenses $30,404

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Solomon

    President

    Total calculated
    $0
    Hours/week
    1

  • Brigitte VanBaelen

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Cara Cole

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rachel Davies

    Secretary

    Total calculated
    $0
    Hours/week
    1

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
23 February 2026
IRS schema version
2024v5.5
Source object
202610619349301406

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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