Civic Intelligence

The Timothy School Corporation

EIN 23-1690371 • 501(c)3 • Berwyn, PA

Profile

Provide education services

973 Old Lancaster AvenueBerwyn, PA 19312

timothyschool.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.34x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.36x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

56th percentile

7.3%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$176,020

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

14th percentile

-8.5%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

7.2%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,580,112

Down $802,069 (-8.5%) from 2023

Liabilities

Up

$2,897,085

Up $384,900 (+15%) from 2023

Net Assets

Down

$5,683,027

Down $1,186,969 (-17%) from 2023

Revenue

Up

$7,946,936

Up $532,893 (+7.2%) from 2023

Expenses

Up

$7,364,109

Up $423,348 (+6.1%) from 2023

Net Income

Up

$582,827

Up $109,545 (+23%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $2,877,361Liabilities 2010: $1,036,149Net Assets 2010: $1,841,2122010Assets 2011: $2,990,114Liabilities 2011: $1,147,169Net Assets 2011: $1,842,9452011Assets 2012: $3,124,117Liabilities 2012: $1,082,502Net Assets 2012: $2,041,6152012Assets 2013: $3,272,692Liabilities 2013: $1,106,418Net Assets 2013: $2,166,2742013Assets 2014: $3,552,659Liabilities 2014: $1,433,241Net Assets 2014: $2,119,4182014Assets 2015: $3,942,537Liabilities 2015: $1,481,224Net Assets 2015: $2,461,3132015Assets 2016: $4,242,107Liabilities 2016: $1,388,095Net Assets 2016: $2,854,0122016Assets 2017: $4,929,334Liabilities 2017: $1,640,571Net Assets 2017: $3,288,7632017Assets 2018: $5,567,413Liabilities 2018: $1,835,305Net Assets 2018: $3,732,1082018Assets 2019: $5,871,148Liabilities 2019: $1,723,941Net Assets 2019: $4,147,2072019Assets 2020: $7,247,748Liabilities 2020: $1,640,131Net Assets 2020: $5,607,6172020Assets 2021: $8,884,817Liabilities 2021: $2,659,167Net Assets 2021: $6,225,6502021Assets 2022: $8,766,843Liabilities 2022: $2,379,841Net Assets 2022: $6,387,0022022Assets 2023: $9,382,181Liabilities 2023: $2,512,185Net Assets 2023: $6,869,9962023Assets 2024: $8,580,112Liabilities 2024: $2,897,085Net Assets 2024: $5,683,0272024

Highlighted filing

2024

Assets$8,580,112
Liabilities$2,897,085
Net Assets$5,683,027

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,815,4042010Expenses 2011: $3,781,5872011Expenses 2012: $4,033,0672012Expenses 2013: $4,124,4482013Revenue 2014: $4,270,513Expenses 2014: $4,319,653Net Income 2014: -$49,1402014Revenue 2015: $4,934,184Expenses 2015: $4,577,644Net Income 2015: $356,5402015Revenue 2016: $5,245,679Expenses 2016: $4,850,274Net Income 2016: $395,4052016Revenue 2017: $5,420,667Expenses 2017: $4,999,588Net Income 2017: $421,0792017Revenue 2018: $5,920,439Expenses 2018: $5,468,698Net Income 2018: $451,7412018Revenue 2019: $6,263,391Expenses 2019: $5,909,722Net Income 2019: $353,6692019Revenue 2020: $6,404,855Expenses 2020: $6,139,800Net Income 2020: $265,0552020Revenue 2021: $6,435,726Expenses 2021: $6,008,297Net Income 2021: $427,4292021Revenue 2022: $6,898,186Expenses 2022: $6,507,494Net Income 2022: $390,6922022Revenue 2023: $7,414,043Expenses 2023: $6,940,761Net Income 2023: $473,2822023Revenue 2024: $7,946,936Expenses 2024: $7,364,109Net Income 2024: $582,8272024

Highlighted filing

2024

Revenue$7,946,936
Expenses$7,364,109
Net Income$582,827

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.58$2.90$5.68$7.95$7.36$0.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.38$2.51$6.87$7.41$6.94$0.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.77$2.38$6.39$6.90$6.51$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.88$2.66$6.23$6.44$6.01$0.43
2020Summary only. Only limited summary data is available for this year.$7.25$1.64$5.61$6.40$6.14$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$1.72$4.15$6.26$5.91$0.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$1.84$3.73$5.92$5.47$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$1.64$3.29$5.42$5.00$0.42
2016Detailed filing. Detailed filing data is available for this year.$4.24$1.39$2.85$5.25$4.85$0.40
2015Detailed filing. Detailed filing data is available for this year.$3.94$1.48$2.46$4.93$4.58$0.36
2014Detailed filing. Detailed filing data is available for this year.$3.55$1.43$2.12$4.27$4.32$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$1.11$2.17$4.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$1.08$2.04$4.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$1.15$1.84$3.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$1.04$1.84$3.82
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 12, 2023
Return Version
2021v4.1
Gross Receipts
$6,929,102
Mission and Program Overview

Mission

Provide education services

Provide education services for students with autism. Students age ranges from 5 to 21 years old.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,396,888$4,746,915▲ $350,027
Savings and Temporary Cash Investments$2,368,054$2,063,920▼ $304,134
Investments in Publicly Traded Securities$1,979,772$1,779,729▼ $200,043
Accounts Receivable$70,697$96,139▲ $25,442
Prepaid Expenses and Deferred Charges$65,876$74,510▲ $8,634
Inventories for Sale or Use$3,530$3,530→ $0
Other Notes and Loans Receivable, Net-$2,100-
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$8,884,817$8,766,843▼ $117,974
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,927,580$1,871,213▼ $56,367
Accounts Payable and Accrued Expenses$731,587$508,628▼ $222,959
Total Liabilities$2,659,167$2,379,841▼ $279,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,049,350$6,228,283▲ $178,933
Net Assets With Donor Restrictions$176,300$158,719▼ $17,581
Total Net Assets Fund Balance$6,225,650$6,387,002▲ $161,352
Total Liabilities and Net Assets / Fund Balance$8,884,817$8,766,843▼ $117,974

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,653,690$1,595,285$5,248,975
Leasehold Improvements$466,408$384,374$850,782
Equipment$75,549$540,258$615,807
Land$551,268-$551,268
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah GreimExecutive DirectorFT$152,167$16,695$152,167
Thomas GervasiBusiness MgrPT$98,864$5,650$104,514

Board Members and Trustees

NameTitle
Jeff BrownPresident
Kim CampbellVice President
Branden SacksDirector
Jim PaceDirector
Matt RileyDirector
Ron WagenmannDirector
Carrie KennedySecretary
Chris MayerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Falcone Construction Management LLCGeneral ContractorPO BOX 1237, West Chester, PA 19380$451,514
Binakleen ServicesCleaning & Painting SvcsBERKLEY ROAD, Devon, PA 19333$144,547
Revenue and Support

Revenue Composition

Contributions and Grants
$270,530
Program Service Revenue
$6,571,519
Investment Income
$37,240
Other Revenue
$18,897
All Other Contributions
$242,181
Change in Net Assets
$390,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,898,186
Revenue Not Reported on Form 990
$-198,424
Total Revenue per Audited Statements
$6,699,762
Total Revenue per Form 990
$6,898,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,228,540
Other Expenses$1,260,355
Total Fundraising Expense$165,192
Professional Fundraising Fees$18,599
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,704,977$61,392$97,802$3,864,171
Other Employee Benefits$577,751$29,929$8,929$616,609
Occupancy$310,286$20,827$2,183$333,296
Payroll Taxes$302,497$15,827$7,726$326,050
Depreciation Depletion$260,118$17,460$1,830$279,408
Current Officers, Directors, Trustees, and Key Employees$131,999$111,501$7,531$251,031
Pension Plan Contributions$159,797$8,284$2,598$170,679
Office Expenses$115,649$7,763$9,695$133,107
Information Technology$84,363$5,662$4,793$94,818
Fees for Services Other$80,343$4,211$2,197$86,751
Interest$61,904$4,156$435$66,495
Insurance$23,611$1,585$166$25,362
Fees for Services Legal$6,934$13,555-$20,489
Fees for Services Professional Fundraising--$18,599$18,599
Fees for Services Accounting$12,527$882$708$14,117
Travel$10,348--$10,348
Other Expenses$7,940--$7,940
Fees for Service Investment Mgmnt Fees-$5,853-$5,853
Conferences and Meetings-$1,689-$1,689
Advertising$775--$775
Total Functional Expenses$6,031,726$310,576$165,192$6,507,494

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,538,410
Expenses per Audited Statements$6,507,494
Total Expenses per Form 990$6,507,494
Expenses Not Reported on Form 990$30,916
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,813
Fundraising Direct Expenses$30,916
Professional Fundraising Fees$18,599

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$44,693$42,748$9,222$33,526
Hall of Fame Event$7,065$7,065$5,977$1,088
Total Events$51,758$49,813$30,916$18,897
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization has board members.

Form 990, Part VI, Line 11B: Form 990 Review Process

The board are given a copy of form 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Compliance done through board meetings and disclosure questionaire.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board members receive data on salaries for similar positions in the area.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board members receive data on salaries for similar positions in the area.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Organization makes its documents available to public upon request.

Filing and Contact Details

Filer

Filer Name
The Timothy School Corporation
EIN
23-1690371
Phone
6107250755
Address
973 OLD LANCASTER AVENUE, BERWYN, PA 19312

Signing Officer

Name
Thomas Gervasi
Title
Business Manager
Signed
2023-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Greim
Formed
1968
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
117

Preparer

Firm
William E Howe & Co Cpas
Address
105 CHESLEY DR FIRST FLOOR, MEDIA, PA 19063
Preparer
Herbert I Berkowitz
Phone
6105216556
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

Organization's financial statements are audited annually and the board finance committee oversees the review of the independent accountant.

Financial Statement Notes

Part X : FIN48 Footnote

Note a 12. Income Taxes of the financial statements. Accounting for Uncertainty in Income Taxes prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. For the year ended June 30, 2022, the Organization has no material uncertain tax positions. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. There were none for the year ended June 30, 2022.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising event expenses $30916

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising event expenses $30916

Raw XML AppendixShowing 400 of 578 raw XML fields

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

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt096139
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE EDUCATION SERVICES FOR STUDENTS WITH AUTISM. STUDENTS AGE RANGES FROM 5 TO 21 YEARS OLD.
IRS990/AdvertisingGrp/ProgramServicesAmt0775
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IRS990/BooksInCareOfDetail/PhoneNum06107250755
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0973 OLD LANCASTER ROAD
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IRS990/Desc0PROVIDE STUDENTS, DIAGNOSED WITH AUTISM, AGES FIVE TO TWENTY ONE, WITH THE COMMUNICATION, SOCIAL, COGNITIVE AND LIFE SKILLS NECESSARY TO ENABLE THEM TO FUNCTION AS SUCCESSFULLY AND INDEPENDENTLY AS POSSIBLE IN THE LEAST RESTRICTIVE ENVIRONMENT. THE TIMOTHY SCHOOL IS RECOGNIZED FOR ITS USE OF RESEARCH-BASED MODELS, SUCH AS STRUCTURED TEACHING, APPLIED BEHAVIOR ANALYSIS, TOTAL COMMUNICATION AND POSITIVE BEHAVIORAL SUPPORTS. THE FACULTY PARTICIPATE IN TRAINING SEMINARS TO DISSEMINATE BEST PRACTICES TO THE FIELD AND PROVIDE PRE-SERVICE INTERNSHIP OPPORTUNITIES IN SPECIAL EDUCATION, SPEECH THERAPY AND OCCUPATIONAL THERAPY TO UNDERGRADUATE AND GRADUATE STUDENTS FROM SEVERAL LOCAL COLLEGES AND UNIVERSITIES. PARENT TRAINING IS AN INTEGRAL COMPONENT OF THE PROGRAM TO ENABLE GENERALIZATION AND APPLICATION OF STUDENT SKILLS IN THE HOME AND COMMUNITY. STUDENTS ATTEND TIMOTHY SCHOOL FROM BERKS, BUCKS, CHESTER, DELAWARE, MONTGOMERY AND PHILADELPHIA COUNTIES. THE TIMOTHY SCHOOL ALSO PROVIDES A DAILY LIVING CENTER FOR STUDENTS FROM AGES 14-16. THE DAILY LIVING CENTER PROVIDES THESE STUDENTS WITH THE OPPORTUNITY TO LEARN/PRACTICE HOME CARE, SELF-HELP AND MONEY MANAGEMENT SKILLS IN A REAL-LIFE SETTING. THE TIMOTHY SCHOOL SECONDARY CENTER SERVES STUDENTS AGES 17-21. THE SECONDARY CENTER PROGRAM PROVIDES STUDENTS WITH THE SKILLS TO ENABLE THEM TO FUNCTION INDEPENDENTLY WITHIN THE WORKPLACE AND HOME. STUDENTS' INTERESTS AND APTITUDES GUIDE INSTRUCTION IN VOCATIONAL AND JOB TRAINING AND RECREATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION CONDUCTS SEMINARS AND TRAINING FOR NUMEROUS SCHOOL DISTRICTS THROUGHOUT THE NORTHEAST CORRIDOR. THE ORGANIZATION HAS ALSO DONE PRO BONO TRAINING WORK IN FOREIGN COUNTRIES WITH THE EMPHASIS ON OUR MISSION TO ADVANCE OUR INNOVATIVE EDUCATIONAL PRACTICES IN ORDER TO MAXIMIZE THE LEARNING SUCCESS OF CHILDREN WITH AUTISM SPECTRUM DISORDERS. OUR GOAL IS TO SHARE THESE INSTRUCTIONAL METHODS AS WELL AS TO PROVIDE FIELD-BASED CONSULTATION AND SUPPORT FOR PARENTS AND PROFESSIONALS IN THE EDUCATIONAL COMMUNITY. OUT VISION REMAINS TO IMPROVE THE WORLD FOR EACH CHILD WITH AUTISM BY REACHING OUT AND SUPPORTING THE TEACHERS AND PARENTS WHO TOUCH THEIR WORLD.
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