Civic Intelligence

Timothy Leadership Training Institute

990 • Fiscal year 2017 • EIN 26-4532521

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 01, 2018

3300 Burton St SE Suite 105Grand Rapids, MI 49546

(616) 957-6094

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.44x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.27x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$68,815

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

98th percentile

315%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$399,220

Up $303,112 (+315%) from 2016

Net Assets

Up

$224,008

Up $128,123 (+134%) from 2016

Liabilities

Up

$175,212

Up $174,989 (+78470%) from 2016

Revenue

Up

$641,408

Up $186,695 (+41%) from 2016

Expenses

Up

$513,285

Up $92,901 (+22%) from 2016

Net Income

Up

$128,123

Up $93,794 (+273%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2011: $245,251Liabilities 2011: $3,643Net Assets 2011: $241,6082011Assets 2012: $274,995Liabilities 2012: $3,184Net Assets 2012: $271,8112012Assets 2013: $257,101Liabilities 2013: $3,329Net Assets 2013: $253,7722013Assets 2014: $106,578Liabilities 2014: $10,318Net Assets 2014: $96,2602014Assets 2015: $68,123Liabilities 2015: $6,567Net Assets 2015: $61,5562015Assets 2016: $96,108Liabilities 2016: $223Net Assets 2016: $95,8852016Assets 2017: $399,220Liabilities 2017: $175,212Net Assets 2017: $224,0082017Assets 2019: $321,941Liabilities 2019: $412,308Net Assets 2019: -$90,3672019Assets 2020: $166,371Liabilities 2020: $738,143Net Assets 2020: -$571,7722020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$399,220
Liabilities$175,212
Net Assets$224,008

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $377,7412011Expenses 2012: $426,4952012Expenses 2013: $385,5392013Revenue 2014: $290,171Expenses 2014: $447,683Net Income 2014: -$157,5122014Revenue 2015: $471,019Expenses 2015: $505,723Net Income 2015: -$34,7042015Revenue 2016: $454,713Expenses 2016: $420,384Net Income 2016: $34,3292016Revenue 2017: $641,408Expenses 2017: $513,285Net Income 2017: $128,1232017Revenue 2019: $1,188,501Expenses 2019: $1,226,598Net Income 2019: -$38,0972019Revenue 2020: $795,971Expenses 2020: $1,277,376Net Income 2020: -$481,4052020Revenue 2021: $1,715,863Expenses 2021: $1,144,091Net Income 2021: $571,7722021

Highlighted filing

2017

Revenue$641,408
Expenses$513,285
Net Income$128,123
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 1, 2018
Return Version
2016v3.1
Gross Receipts
$641,408
Mission and Program Overview

Mission

Timothy leadership training institute functions to train pastors, evangelists and church lay leaders in second and third world contries who have not had an opportunity for formal religious training for the purpose of building healthy congregations which promote economic growth and stability in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$200,000-
Cash and Non-Interest-Bearing Accounts$72,459$176,694▲ $104,235
Land, Buildings, and Equipment, Net$6,735$5,612▼ $1,123
Savings and Temporary Cash Investments$39$39→ $0
Total Assets$96,108$399,220▲ $303,112
Other Assets Total$16,875$16,875→ $0
Liabilities
Accounts Payable and Accrued Expenses$223$125,212▲ $124,989
Other Liabilities-$50,000-
Total Liabilities$223$175,212▲ $174,989
Net Assets / Fund Balance
Unrestricted Net Assets$44,509$170,316▲ $125,807
Temporarily Rstr Net Assets$51,376$53,692▲ $2,316
Total Net Assets Fund Balance$95,885$224,008▲ $128,123
Total Liabilities and Net Assets / Fund Balance$96,108$399,220▲ $303,112
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer OwensSecretary /-$59,815$9,000$68,815
Steve TuukPresidentPT$50,938-$50,938

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$636,288
Program Service Revenue
$5,120
Investment Income
$0
Other Revenue
$0
All Other Contributions
$617,350
Change in Net Assets
$128,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$316,634
Other Expenses$196,651
Total Fundraising Expense$23,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$198,628$55,430$5,246$259,304
Other Employee Benefits$30,237$7,990-$38,227
Information Technology-$20,910-$20,910
Occupancy$14,203$4,735-$18,938
Advertising--$18,113$18,113
All Other Expenses$2,895$11,931-$14,826
Travel$8,135$5,401-$13,536
Pension Plan Contributions$11,386--$11,386
Fees for Services Accounting-$11,123-$11,123
Office Expenses-$8,256-$8,256
Payroll Taxes$6,104$1,613-$7,717
Other Expenses$21,081$3,434-$3,434
Depreciation Depletion-$1,123-$1,123
Total Functional Expenses$354,015$135,911$23,359$513,285
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Chr. Reformed Church$50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

During this year the organization was changed from a "director" based michigan non-profit to a "membership" based non-profit. The members of this non-profit are those individuals who from time to time serve on the board of trustees of the christian reformed church in north america.

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

Timothy institute is under the final governance of the council of delegates of the christian reformed church of north america. Accordingly, two of members of that council are appointed to the board of timothy and have final approval over any and all board members.

Form 990, Page 6, Part VI, Line 7B

Timothy institute is under the final governance of the council of delegates of the christian reformed church of north america and the persons that make up the council are the "members" of timothy insitute. Accordingly, decisions of the governing body (the "board") of timothy are subject to final approval by the "members" - the council of delegates of the christian reformed church of north america.

Form 990, Page 6, Part VI, Line 11B

Reviewed between preparing firm and authorized personnel

Form 990, Page 6, Part VI, Line 12C

Reviews all material relationships and arrangements on an ongoing basis for the existence of conflicts.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the board determines the appropriate compensation based on organizational needs, qualifications of the candidate, and comparability data. A recommendation is made by the executive committee to the full board who then deliberates and substantiates the decision.

Form 990, Page 6, Part VI, Line 15B

The ceo determines the appropriate compensation based on organizational needs, qualifications of the candidate, and comparability data. A recommendation is made by the ceo to the full board who then deliberates and substantiates the decision.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Timothy Leadership Training
EIN
26-4532521
Phone
6169576094
Address
3300 BURTON ST SE SUITE 105, GRAND RAPIDS, MI 49546

Signing Officer

Name
Jennifer Owens
Title
Secretary / Treasure
Phone
6169576094
Signed
2018-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Bekker
Formed
2009
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
6

Preparer

Firm
Vander Lugt Mulder Devries & Elders
Address
2900 28TH STREET SW SUITE B, GRANDVILLE, MI 49418
Preparer
Jeffrey Mulder
Phone
6169499030
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Timothy leadership training institute functions to train pastors, evangelists and church lay leaders in second and third world contries who have not had an opportunity for formal religious training for the purpose of building healthy congregations which promote economic growth and stability in their communities.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - CHR. REFORMED CHURCH
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TIMOTHY LEADERSHIP TRAINING INSTITUTE FUNCTIONS TO TRAIN PASTORS, EVANGELISTS AND CHURCH LAY LEADERS IN SECOND AND THIRD WORLD CONTRIES WHO HAVE NOT HAD AN OPPORTUNITY FOR FORMAL RELIGIOUS TRAINING FOR THE PURPOSE OF BUILDING HEALTHY CONGREGATIONS WHICH PROMOTE ECONOMIC GROWTH AND STABILITY IN THEIR COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THIS YEAR THE ORGANIZATION WAS CHANGED FROM A "DIRECTOR" BASED MICHIGAN NON-PROFIT TO A "MEMBERSHIP" BASED NON-PROFIT. THE MEMBERS OF THIS NON-PROFIT ARE THOSE INDIVIDUALS WHO FROM TIME TO TIME SERVE ON THE BOARD OF TRUSTEES OF THE CHRISTIAN REFORMED CHURCH IN NORTH AMERICA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TIMOTHY INSTITUTE IS UNDER THE FINAL GOVERNANCE OF THE COUNCIL OF DELEGATES OF THE CHRISTIAN REFORMED CHURCH OF NORTH AMERICA. ACCORDINGLY, TWO OF MEMBERS OF THAT COUNCIL ARE APPOINTED TO THE BOARD OF TIMOTHY AND HAVE FINAL APPROVAL OVER ANY AND ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TIMOTHY INSTITUTE IS UNDER THE FINAL GOVERNANCE OF THE COUNCIL OF DELEGATES OF THE CHRISTIAN REFORMED CHURCH OF NORTH AMERICA AND THE PERSONS THAT MAKE UP THE COUNCIL ARE THE "MEMBERS" OF TIMOTHY INSITUTE. ACCORDINGLY, DECISIONS OF THE GOVERNING BODY (THE "BOARD") OF TIMOTHY ARE SUBJECT TO FINAL APPROVAL BY THE "MEMBERS" - THE COUNCIL OF DELEGATES OF THE CHRISTIAN REFORMED CHURCH OF NORTH AMERICA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVIEWED BETWEEN PREPARING FIRM AND AUTHORIZED PERSONNEL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REVIEWS ALL MATERIAL RELATIONSHIPS AND ARRANGEMENTS ON AN ONGOING BASIS FOR THE EXISTENCE OF CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE APPROPRIATE COMPENSATION BASED ON ORGANIZATIONAL NEEDS, QUALIFICATIONS OF THE CANDIDATE, AND COMPARABILITY DATA. A RECOMMENDATION IS MADE BY THE EXECUTIVE COMMITTEE TO THE FULL BOARD WHO THEN DELIBERATES AND SUBSTANTIATES THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CEO DETERMINES THE APPROPRIATE COMPENSATION BASED ON ORGANIZATIONAL NEEDS, QUALIFICATIONS OF THE CANDIDATE, AND COMPARABILITY DATA. A RECOMMENDATION IS MADE BY THE CEO TO THE FULL BOARD WHO THEN DELIBERATES AND SUBSTANTIATES THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
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