Civic Intelligence

Times2 Inc.

990 • Fiscal year 2024 • EIN 22-2513598

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

Organization ProfileWWW.TIMES2.ORG

View Organization Page

50 Fillmore StreetProvidence, RI 02908

(401) 272-5094

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.09x

Higher debt load relative to assets than 33% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.18x

Higher debt load relative to revenue than 37% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

27th percentile

-3.0%

Higher net margin than 27% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

24th percentile

$163,868

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

36th percentile

2.0%

Faster asset growth than 36% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-5.0%

Faster revenue growth than 22% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$28,253,644

Up $550,841 (+2.0%) from 2023

Net Assets

Up

$25,846,143

Up $546,869 (+2.2%) from 2023

Liabilities

Up

$2,407,501

Up $3,972 (+0.2%) from 2023

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin27th percentile

Revenue

Down

$13,689,464

Down $724,647 (-5.0%) from 2023

Expenses

Up

$14,106,199

Up $493,411 (+3.6%) from 2023

Net Income

Down

-$416,735

Down $1,218,058 (-152%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $34,754,188Liabilities 2011: $14,809,100Net Assets 2011: $19,945,0882011Assets 2012: $34,399,156Liabilities 2012: $13,872,713Net Assets 2012: $20,526,4432012Assets 2013: $33,670,874Liabilities 2013: $12,801,513Net Assets 2013: $20,869,3612013Assets 2014: $32,620,479Liabilities 2014: $11,636,452Net Assets 2014: $20,984,0272014Assets 2015: $32,958,415Liabilities 2015: $11,921,980Net Assets 2015: $21,036,4352015Assets 2016: $33,842,161Liabilities 2016: $12,119,065Net Assets 2016: $21,723,0962016Assets 2017: $32,337,533Liabilities 2017: $10,028,412Net Assets 2017: $22,309,1212017Assets 2018: $32,363,931Liabilities 2018: $10,296,084Net Assets 2018: $22,067,8472018Assets 2019: $29,801,662Liabilities 2019: $7,826,334Net Assets 2019: $21,975,3282019Assets 2020: $30,249,331Liabilities 2020: $7,348,701Net Assets 2020: $22,900,6302020Assets 2021: $26,856,103Liabilities 2021: $2,592,191Net Assets 2021: $24,263,9122021Assets 2022: $26,105,306Liabilities 2022: $1,967,686Net Assets 2022: $24,137,6202022Assets 2023: $27,702,803Liabilities 2023: $2,403,529Net Assets 2023: $25,299,2742023Assets 2024: $28,253,644Liabilities 2024: $2,407,501Net Assets 2024: $25,846,1432024

Highlighted filing

2024

Assets$28,253,644
Liabilities$2,407,501
Net Assets$25,846,143
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $9,483,996Expenses 2011: $8,722,574Net Income 2011: $761,4222011Revenue 2012: $9,423,788Expenses 2012: $8,842,433Net Income 2012: $581,3552012Revenue 2013: $9,708,727Expenses 2013: $9,365,809Net Income 2013: $342,9182013Revenue 2014: $9,860,356Expenses 2014: $9,745,690Net Income 2014: $114,6662014Revenue 2015: $10,078,082Expenses 2015: $10,025,289Net Income 2015: $52,7932015Revenue 2016: $10,626,846Expenses 2016: $9,889,583Net Income 2016: $737,2632016Revenue 2017: $11,238,594Expenses 2017: $11,211,049Net Income 2017: $27,5452017Revenue 2018: $11,699,935Expenses 2018: $11,821,080Net Income 2018: -$121,1452018Revenue 2019: $12,096,508Expenses 2019: $11,914,490Net Income 2019: $182,0182019Revenue 2020: $12,142,061Expenses 2020: $10,893,138Net Income 2020: $1,248,9232020Revenue 2021: $11,916,845Expenses 2021: $12,112,223Net Income 2021: -$195,3782021Revenue 2022: $13,785,040Expenses 2022: $11,512,098Net Income 2022: $2,272,9422022Revenue 2023: $14,414,111Expenses 2023: $13,612,788Net Income 2023: $801,3232023Revenue 2024: $13,689,464Expenses 2024: $14,106,199Net Income 2024: -$416,7352024

Highlighted filing

2024

Revenue$13,689,464
Expenses$14,106,199
Net Income-$416,735
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$13,689,464
Mission and Program Overview

Mission

Charter school specializing in science and math to develop intellectually curious and capable young people who are selfless contributors to both local and global communities and who aspire to be ethical and compassionate leaders.

To address the need for minority representation in the science and math fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,641,380$13,326,247▲ $1,684,867
Land, Buildings, and Equipment, Net$13,031,575$12,431,911▼ $599,664
Cash and Non-Interest-Bearing Accounts$2,690,239$2,177,358▼ $512,881
Accounts Receivable$197,478$164,731▼ $32,747
Prepaid Expenses and Deferred Charges$119,709$153,397▲ $33,688
Savings and Temporary Cash Investments$22,422--
Total Assets$27,702,803$28,253,644▲ $550,841
Liabilities
Accounts Payable and Accrued Expenses$2,403,529$2,407,501▲ $3,972
Total Liabilities$2,403,529$2,407,501▲ $3,972
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,190,550$25,721,237▲ $530,687
Net Assets With Donor Restrictions$108,724$124,906▲ $16,182
Total Net Assets Fund Balance$25,299,274$25,846,143▲ $546,869
Total Liabilities and Net Assets / Fund Balance$27,702,803$28,253,644▲ $550,841

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,716,130$10,630,457$21,346,587
Equipment$195,777$1,763,900$1,959,677
Land$1,484,161-$1,484,161
Other Land Buildings$35,843$508,004$543,847

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$108,724-▲ $16,932$750$124,906
2022$97,426-▲ $12,048$750$108,724
2021$111,189-▼ $13,013$750$97,426
2020$90,684-▲ $20,505-$111,189
2019$85,098-▲ $5,586-$90,684
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen RiordanPrincipalFT$140,206$23,662$163,868
Heidi HarrisSpecial AdvisorFT$140,463-$140,463
Keith OliveiraExecutive DirectorFT$102,954-$102,954

Board Members and Trustees

NameTitle
Melissa HusbandPresident
Joseph PetersVice President (as of 1/24)
Kevin a PorrasVice President (to 1/24) Director
Cathy CumminsDirector
Darlington TeamehDirector
Jose Argueta-boranDirector
Wendy WallaceDirector
Ronald BickhamTreasurer (to 6/24) Director
Lateefah FranckSecretary
Robert PoirierTreasurer (as of 01/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Barton GilmanLegal ServicesONE FINANCIAL PLAZA 8TH FLOOR, Providence, RI 02903$105,612
Revenue and Support

Revenue Composition

Contributions and Grants
$999,962
Program Service Revenue
$12,126,421
Investment Income
$563,081
Other Revenue
$0
All Other Contributions
$120,102
Change in Net Assets
$-416,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,620,074
Revenue Not Reported on Financial Statements
$69,390
Revenue Not Reported on Form 990
$963,604
Total Revenue per Audited Statements
$14,583,678
Total Revenue per Form 990
$13,689,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,135,299
Other Expenses$3,970,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,200,347$310,612-$7,510,959
Other Employee Benefits$885,216$49,116-$934,332
Pension Plan Contributions$887,189$20,515-$907,704
Occupancy$868,618$36,941-$905,559
Travel$746,520--$746,520
Depreciation Depletion$634,852--$634,852
Payroll Taxes$552,341$69,963-$622,304
Fees for Services Other$238,969$197,030-$435,999
Information Technology$250,972$70,046-$321,018
Other Expenses$179,331--$179,331
Current Officers, Directors, Trustees, and Key Employees-$160,000-$160,000
Conferences and Meetings$145,172$8,348-$153,520
Insurance$83,369$31,927-$115,296
Office Expenses$59,798$25,976-$85,774
Fees for Service Investment Mgmnt Fees-$69,390-$69,390
Fees for Services Legal-$65,803-$65,803
Advertising-$4,025-$4,025
Total Functional Expenses$12,986,507$1,119,692$0$14,106,199

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$14,106,199
Expenses per Audited Statements$14,036,809
Total Expenses per Audited Statements$14,036,809
Expenses Not Reported on Financial Statements$69,390
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The committees do not have the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by the external auditors and reviewed by management and the board of directors. Revisions, corrections, etc. Are made as necessary. Once all are satisfied with the form, it is finalized, a copy is sent to all board members, and it is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“The potential conflict of interest would be presented to the board for approval. If there is a related board member, the related board member would abstain from voting on the resolution. All related party transactions must be approved by the board of directors. Related party transactions are monitored by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Annually, the board conducts a performance review and evaluation of the executive director. The review also establishes the individual's compensation for the following year. This process involves the evaluation of the individual and a review of compensation of comparable positions obtained from compensation surveys. The board's deliberation and decision are noted in the minutes of the meeting.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Times2 Inc
EIN
22-2513598
Phone
4012725094
Address
50 FILLMORE STREET, PROVIDENCE, RI 02908

Signing Officer

Name
Keith Oliveira
Title
Executive Director
Phone
4017850446
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Oliveira
Formed
1976
Legal Domicile
Ri
Voting Board Members
8
Independent Board Members
8
Employees
65
Volunteers
8

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Sandy Ross
Phone
4012742001
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization did not have any changes to either its oversight process or selection process during the year.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds are donor-restricted, the income from which is to be used for operating and program expenses of the organization.”

PART X, LINE 2:

“Times2 incorporated is exempt from income taxes as a public charity under section 501(c)(3) of the internal revenue code. The management of times2 incorporated believes that times2 incorporated operates in a manner consistent with their tax-exempt status at both the state and federal levels. Times2 incorporated annually files irs form 990 - return of organization exempt from income tax, reporting various information that the irs uses to monitor the activities of tax exempt entities. The tax return is subject to review by the taxing authorities, generally for a period of three years after it was filed. Times2 incorporated currently has no tax examinations in progress.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0K-12 ELEMENTARY AND SECONDARY SCHOOL: TIMES2 ACADEMY FOR ENGINEERING, MATHEMATICS, SCIENCE AND TECHNOLOGY IS TO DEVELOP INTELLECTUALLY CURIOUS AND CAPABLE YOUNG PEOPLE WHO ARE SELFLESS CONTRIBUTORS TO BOTH LOCAL AND GLOBAL COMMUNITIES AND WHO ASPIRE TO BE ETHICAL AND COMPASSIONATE LEADERS. THROUGH A RIGOROUS AND INNOVATIVE ACADEMIC PROGRAM IN MATH, SCIENCE, AND TECHNOLOGY, IN COMBINATION WITH THE LIBERAL ARTS, TIMES ACADEMY AFFORDS ITS DIVERSE STUDENT POPULATION THOSE EXPERIENCES, SKILLS, AND VALUES THAT WILL PREPARE THEM FOR PURPOSEFUL CONTRIBUTIONS IN HIGHER EDUCATION AND STEM-RELATED FIELDS.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT (AS OF 1/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT (TO 1/24) DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER (AS OF 01/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER (TO 6/24) DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SPECIAL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0879860
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt013689464
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt070046
IRS990/InformationTechnologyGrp/ProgramServicesAmt0250972
IRS990/InformationTechnologyGrp/TotalAmt0321018
IRS990/InsuranceGrp/ManagementAndGeneralAmt031927
IRS990/InsuranceGrp/ProgramServicesAmt083369
IRS990/InsuranceGrp/TotalAmt0115296
IRS990/InvestmentIncomeGrp/ExclusionAmt0563081
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0563081
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011641380
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013326247
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012902361
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013031575
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012431911
IRS990/LandBldgEquipCostOrOtherBssAmt025334272
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CHARTER SCHOOL SPECIALIZING IN SCIENCE AND MATH TO DEVELOP INTELLECTUALLY CURIOUS AND CAPABLE YOUNG PEOPLE WHO ARE SELFLESS CONTRIBUTORS TO BOTH LOCAL AND GLOBAL COMMUNITIES AND WHO ASPIRE TO BE ETHICAL AND COMPASSIONATE LEADERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt025299274
IRS990/NetAssetsOrFundBalancesEOYAmt025846143
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0963604
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt025190550
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt025721237
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt036941
IRS990/OccupancyGrp/ProgramServicesAmt0868618
IRS990/OccupancyGrp/TotalAmt0905559
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025976
IRS990/OfficeExpensesGrp/ProgramServicesAmt059798
IRS990/OfficeExpensesGrp/TotalAmt085774
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt049116
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0885216
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0934332
IRS990/OtherExpensesGrp/Desc0CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc1TUITION
IRS990/OtherExpensesGrp/ProgramServicesAmt0253813
IRS990/OtherExpensesGrp/ProgramServicesAmt1179331
IRS990/OtherExpensesGrp/TotalAmt0253813
IRS990/OtherExpensesGrp/TotalAmt1179331
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0310612
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07200347
IRS990/OtherSalariesAndWagesGrp/TotalAmt07510959
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt069963
IRS990/PayrollTaxesGrp/ProgramServicesAmt0552341
IRS990/PayrollTaxesGrp/TotalAmt0622304
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt020515
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0887189
IRS990/PensionPlanContributionsGrp/TotalAmt0907704
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0119709
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0153397
IRS990/PrincipalOfficerNm0KEITH OLIVEIRA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ENRICHMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012106065
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012106065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120356
IRS990/ProgSrvcAccomActy2Grp/Desc0ENRICHMENT & SPORTS: OFFER (NOT FOR CREDIT) PROGRAMS OUTSIDE THE TRADITIONAL ACADEMICS AND VARIOUS JV/VARSITY ATHLETIC TEAMS. PROGRAMS INCLUDE THE FOLLOWING: COMMUNITY BOATING, BROTHER 2 BROTHER, MR. DEEP POSITIVITY, KIWI KIDS, DRIVERS EDUCATION, BOOK CLUB, CHESS CLUB AND DRAMA CLUB. TEAMS INCLUDE THE FOLLOWING: SOCCER, BASKETBALL, VOLLEYBALL, BASEBALL, SOFTBALL, TRACK AND TENNIS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt067229
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt020356
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01389774
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0744391
IRS990/PYOtherExpensesAmt04610766
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt012279946
IRS990/PYRevenuesLessExpensesAmt0801323
IRS990/PYSalariesCompEmpBnftPaidAmt09002022
IRS990/PYTotalExpensesAmt013612788
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014414111
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-416735
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012106065
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022422
IRS990ScheduleA/InvestmentIncomePYPct00.04370
IRS990ScheduleA/PublicSupportPY509Pct00.95590
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt010716130
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010630457
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021346587
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0108724
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0124906
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt016932
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt097426
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0108724
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012048
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0111189
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt097426
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-13013
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt090684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0111189
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020505
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt085098
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt090684
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05586
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0195777
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01763900
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01959677
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt069390
IRS990ScheduleD/ExpensesSubtotalAmt014036809
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt069390
IRS990ScheduleD/InvestmentExpensesNotIncldAmt069390
IRS990ScheduleD/LandGrp/BookValueAmt01484161
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01484161
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0963604
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035843
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0508004
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0543847
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.49087
IRS990ScheduleD/RevenueNotReportedAmt0963604
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt069390
IRS990ScheduleD/RevenueSubtotalAmt013620074
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE DONOR-RESTRICTED, THE INCOME FROM WHICH IS TO BE USED FOR OPERATING AND PROGRAM EXPENSES OF THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TIMES2 INCORPORATED IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MANAGEMENT OF TIMES2 INCORPORATED BELIEVES THAT TIMES2 INCORPORATED OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. TIMES2 INCORPORATED ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX EXEMPT ENTITIES. THE TAX RETURN IS SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER IT WAS FILED. TIMES2 INCORPORATED CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.50913
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012431911
IRS990ScheduleD/TotalExpensesPerForm990Amt014106199
IRS990ScheduleD/TotalRevenuePerForm990Amt013689464
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014583678
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014036809
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,253,644
Liabilities
$2,407,501
Net assets
$25,846,143
Revenue
$13,689,464
Expenses
$14,106,199
Net income
-$416,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.3$2.41$25.8$13.7$14.1$0.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.7$2.40$25.3$14.4$13.6$0.80
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.1$1.97$24.1$13.8$11.5$2.27
2021Detailed filing. Detailed filing data is available for this year.$26.9$2.59$24.3$11.9$12.1$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.2$7.35$22.9$12.1$10.9$1.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$7.83$22.0$12.1$11.9$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.4$10.3$22.1$11.7$11.8$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.3$10.0$22.3$11.2$11.2$0.03
2016Detailed filing. Detailed filing data is available for this year.$33.8$12.1$21.7$10.6$9.89$0.74
2015Detailed filing. Detailed filing data is available for this year.$33.0$11.9$21.0$10.1$10.0$0.05
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$11.6$21.0$9.86$9.75$0.11
2013Summary only. Only limited summary data is available for this year.$33.7$12.8$20.9$9.71$9.37$0.34
2012Summary only. Only limited summary data is available for this year.$34.4$13.9$20.5$9.42$8.84$0.58
2011Summary only. Only limited summary data is available for this year.$34.8$14.8$19.9$9.48$8.72$0.76
Peer Organizations

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