Civic Intelligence

Tim Tebow Foundation Inc.

990 • Fiscal year 2021 • EIN 27-4345913

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

2220 County Rd 210W Ste 108 PMB 3Jacksonville, FL 32259

(904) 380-8499

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

93rd percentile

68%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$239,531

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

98th percentile

157%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

289%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$44,406,420

Up $27,105,263 (+157%) from 2020

Net Assets

Up

$44,091,717

Up $27,343,678 (+163%) from 2020

Liabilities

Down

$314,703

Down $238,415 (-43%) from 2020

Revenue

Up

$40,166,030

Up $29,835,144 (+289%) from 2020

Expenses

Up

$12,875,768

Up $4,758,943 (+59%) from 2020

Net Income

Up

$27,290,262

Up $25,076,201 (+1133%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2016: $11,116,809Liabilities 2016: $121,687Net Assets 2016: $10,995,1222016Assets 2017: $11,859,779Liabilities 2017: $148,877Net Assets 2017: $11,710,9022017Assets 2018: $12,207,467Liabilities 2018: $132,874Net Assets 2018: $12,074,5932018Assets 2019: $14,569,012Liabilities 2019: $301,143Net Assets 2019: $14,267,8692019Assets 2020: $17,301,157Liabilities 2020: $553,118Net Assets 2020: $16,748,0392020Assets 2021: $44,406,420Liabilities 2021: $314,703Net Assets 2021: $44,091,7172021Assets 2022: $45,058,228Liabilities 2022: $498,487Net Assets 2022: $44,559,7412022Assets 2023: $43,452,880Liabilities 2023: $96,954Net Assets 2023: $43,355,9262023Assets 2024: $54,929,497Liabilities 2024: $6,511,751Net Assets 2024: $48,417,7462024

Highlighted filing

2021

Assets$44,406,420
Liabilities$314,703
Net Assets$44,091,717

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2016: $9,183,008Expenses 2016: $4,068,839Net Income 2016: $5,114,1692016Revenue 2017: $5,493,343Expenses 2017: $4,930,510Net Income 2017: $562,8332017Revenue 2018: $6,924,073Expenses 2018: $6,335,173Net Income 2018: $588,9002018Revenue 2019: $8,338,373Expenses 2019: $6,577,282Net Income 2019: $1,761,0912019Revenue 2020: $10,330,886Expenses 2020: $8,116,825Net Income 2020: $2,214,0612020Revenue 2021: $40,166,030Expenses 2021: $12,875,768Net Income 2021: $27,290,2622021Revenue 2022: $21,976,856Expenses 2022: $19,462,060Net Income 2022: $2,514,7962022Revenue 2023: $25,819,125Expenses 2023: $27,766,888Net Income 2023: -$1,947,7632023Revenue 2024: $43,058,674Expenses 2024: $39,605,906Net Income 2024: $3,452,7682024

Highlighted filing

2021

Revenue$40,166,030
Expenses$12,875,768
Net Income$27,290,262
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$59,575,094
Mission and Program Overview

Mission

The Tim Tebow Foundation exists to bring Faith, Hope and Love to those needing a brighter day in their darkest hour of need.

Bringing Faith, Hope and Love to those needing a brighter day in their darkest hour of need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,192,783$30,614,492▲ $22,421,709
Land, Buildings, and Equipment, Net$5,705,069$6,437,737▲ $732,668
Pledges and Grants Receivable-$4,446,591-
Cash and Non-Interest-Bearing Accounts$3,118,133$2,588,087▼ $530,046
Prepaid Expenses and Deferred Charges$124,162$150,158▲ $25,996
Inventories for Sale or Use$131,573$131,438▼ $135
Investments Program Related$29,317$29,317→ $0
Accounts Receivable$120$8,600▲ $8,480
Total Assets$17,301,157$44,406,420▲ $27,105,263
Liabilities
Unsecured Notes Loans Payable$278,200--
Accounts Payable and Accrued Expenses$182,507$229,717▲ $47,210
Grants Payable$92,411$84,986▼ $7,425
Total Liabilities$553,118$314,703▼ $238,415
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,674,419$23,903,116▲ $8,228,697
Net Assets With Donor Restrictions$1,073,620$20,188,601▲ $19,114,981
Total Net Assets Fund Balance$16,748,039$44,091,717▲ $27,343,678
Total Liabilities and Net Assets / Fund Balance$17,301,157$44,406,420▲ $27,105,263

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,291,010-$5,291,010
Buildings$593,074$48,928$642,002
Other Land Buildings$442,084$90,028$532,112
Equipment$109,903$159,171$269,074
Leasehold Improvements$1,666$20,546$22,212
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve BiondoPresidentFT$209,700$29,831$239,531
Brandi CookVice President of MinistriesFT$105,467$13,201$118,668
Jennifer StricklandVP of Branding & StrategyFT$102,200$11,195$113,395
John CarterVP of FinancePT$80,273$16,826$97,099

Board Members and Trustees

NameTitle
Timothy R TebowChairman
Robert R Tebow IIDirector
Urban MeyerDirector
William HeavenerDirector
Bryan CraunSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jet Edge International LLCCharter Services16700C Roscoe Blvd, Van Nuys, CA 91406$117,275
Revenue and Support

Revenue Composition

Contributions and Grants
$40,111,716
Program Service Revenue
$7,826
Investment Income
$422,379
Other Revenue
$-375,891
All Other Contributions
$37,491,625
Change in Net Assets
$27,290,262

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$15,497,737Exchange Value
Other Non Cash Contri Table8$73,895Appraisal
Other Non Cash Contri Table9$23,400Cost
Clothing and Household Goods-$7,665Cost
Works of Art1$6,000Appraisal
Books and Publications-$330Cost
Total Noncash Contributions33$15,609,027-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,979,279
Salaries, Compensation, and Employee Benefits$1,977,279
Other Expenses$1,919,210
Total Fundraising Expense$1,131,655
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$6,610,177--$6,610,177
Grants to Domestic Orgs$2,369,102--$2,369,102
Other Salaries and Wages$805,622$151,069$346,572$1,303,263
Advertising$106,695-$362,019$468,714
Current Officers, Directors, Trustees, and Key Employees$159,033$88,264$89,333$336,630
Office Expenses$36,910$205,791$31,305$274,006
Information Technology$56,947$77,420$77,890$212,257
Other Employee Benefits$102,455$30,866$45,021$178,342
Occupancy$119,319$13,208$12,867$145,394
Travel$86,598$16,837$21,041$124,476
Payroll Taxes$71,728$20,170$32,496$124,394
Fees for Services Other$41,656$21,055$53,350$116,061
Depreciation Depletion$45,722$2,943$5,536$54,201
Insurance$43,348$4,556$5,339$53,243
Fees for Service Investment Mgmnt Fees-$51,816-$51,816
Other Expenses$41,906$573$447$42,926
Pension Plan Contributions$20,095$4,782$9,773$34,650
Fees for Services Accounting-$26,677-$26,677
Fees for Services Legal$2,331$3,250$1,315$6,896
Conferences and Meetings$4,906-$1,499$6,405
Total Functional Expenses$6,000$12,212$20,701$38,913
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Her Song JacksonvilleJacksonville, FL501(c)(3)Anti Human Trafficking$675,000
Operation Light ShineNashville, TN501(c)(3)Anti Human Trafficking$500,000
Show HopeFranklin, TN501(c)(3)Adoption Aid$210,000
Sentinel FoundationHolly Springs, NC501(c)(3)Anti Human Trafficking$200,000
Lifesong for OrphansGridley, IL501(c)(3)Adoption Aid$120,000
99 Balloons IncFayetteville, AR501(c)(3)Shine On$20,000
GuidelightPortland, OR501(c)(3)Shine On$20,000
Key Ministry FoundationCleveland, OH501(c)(3)Shine On$20,000
The First Tee of North FloridaSt Augustine, FL501(c)(3)Children & Youth Services$20,000
Bethany Christian ChurchWashington, IN501(c)(3)Night to Shine$12,789
Ability MinistryLouisville, TN501(c)(3)Shine On$10,000
Ability Tree IncSiloam Springs, AR501(c)(3)Shine On$10,000
Christian Learning CenterWyoming, MI501(c)(3)Shine On$10,000
Deaf Millennial ProjectAustin, TX501(c)(3)Shine On$10,000
Joni and FriendsAgoura Hills, CA501(c)(3)Shine On$10,000
Nathaniel's Hope IncOrlando, FL501(c)(3)Shine On$10,000
Rising Above MinistriesCookeville, TN501(c)(3)Shine On$10,000
Young Life CapernaumNashville, TN501(c)(3)Shine On$10,000
Sunrise Church of CaliforniaRialto, CA501(c)(3)Night to Shine$9,000
Fresh Life ChurchKalispell, MT501(c)(3)Night to Shine$8,500
242 Community ChurchBrighton, MI501(c)(3)Night to Shine$7,700
Spencer Baptist ChurchSpindale, NC501(c)(3)Night to Shine$7,000
All Souls Community ChurchSuffern, NY501(c)(3)Night to Shine$6,500
Compelled ChurchTemperance, MI501(c)(3)Night to Shine$6,500
Crossroads UM ChurchOakdale, PA501(c)(3)Night to Shine$6,500
First Baptist Church Lake WalesLake Wales, FL501(c)(3)Night to Shine$6,500
First Baptist Church on the SquareLagrange, GA501(c)(3)Night to Shine$6,500
Grace Bible Church HonoluluHonolulu, HI501(c)(3)Night to Shine$6,500
Liberty ChurchShrewsbury, MA501(c)(3)Night to Shine$6,500
Meadows Christian FellowshipRolling Meadows, IL501(c)(3)Night to Shine$6,500
New Vintage ChurchSanta Rosa, CA501(c)(3)Night to Shine$6,500
Quinebaug River ChurchJewett City, CT501(c)(3)Night to Shine$6,500
Seymour Christian ChurchSeymour, IN501(c)(3)Night to Shine$6,500
Tuba City Assembly of GodTuba City, AZ501(c)(3)Night to Shine$6,500
Woodbine ChurchPace, FL501(c)(3)Night to Shine$6,500
FallsCreek Community ChurchMunroe Falls, OH501(c)(3)Night to Shine$6,000
La Mission de Cristo AREternal Anchored CTacoma, WA501(c)(3)Night to Shine$6,000
Northside Baptist ChurchNewark, OH501(c)(3)Night to Shine$6,000
Portview ChurchPort Washington, WI501(c)(3)Night to Shine$6,000
Maranatha Life Changing ChurchDover, DE501(c)(3)Night to Shine$5,500

International Summary

Offices
0
Employees
0
Spending
$6,610,177

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrants to Recipients-00$2,337,732
East Asia and the PacificGrants to Recipients-00$1,558,584
South AsiaGrants to Recipients-00$1,334,575
Central America and the CaribbeanGrants to Recipients-00$972,120
Russia and Neighboring StatesGrants to Recipients-00$156,475
South AmericaGrants to Recipients-00$134,250
North America - Canada and MexicoGrants to Recipients-00$86,100
Europe (Including Iceland & Greenland)Grants to Recipients-00$23,641
Middle East and North AfricaGrants to Recipients-00$6,700
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$833,236
Fundraising Gross Income$430,895
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala & Golf Tournament$1,959,120$340,895$254,809$86,086
Night to Shine Donor Trip$808,300$90,000$166,949$-76,949
Total Events$2,767,420$430,895$833,236$-402,341
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
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Timothy R. Tebow, Chairman, and Robert R. Tebow II, Director, have a family relationship.

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

The Form 990 is prepared by an independent CPA firm. It is reviewed in detail by the President and the VP of Finance. After these reviews, the full tax return is sent to all directors for their final review prior to filing with the IRS.

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

Board members and officers sign annual conflict of interest statements which are reviewed by the President and VP of Finance. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.

Form 990, Part VI, Section B, line 15

Line 15a - The independent Board of Directors engages in a review, analysis, and approval of the President's compensation through an independent survey of comparable positions. The Board of Director meeting minutes reflect this review, the approval process, the directors present, and the voting results. Line 15b- The President engages in a review, analysis, and approval of the VP of Finance's compensation through an independent survey of comparable positions. This process is documented in the HR files.

Form 990, Part VI, Section C, line 19

The organization makes available to the public documents required by law to be made publicly available in accordance with IRS procedures. TTF financial statements are made available on the TTF website and also upon request. TTF governing documents and conflict of interest policy are not available to the public.

Filing and Contact Details

Filer

Filer Name
Tim Tebow Foundation Inc
EIN
27-4345913
Phone
9043808499
Address
2220 County Rd 210W Ste 108 PMB 3, Jacksonville, FL 32259

Signing Officer

Name
Steve Biondo
Title
President
Phone
9043808499
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Biondo
Formed
2010
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
29
Volunteers
90

Preparer

Firm
Capin Crouse LLP
Address
1255 Lakes Parkway Suite 105, Lawrenceville, GA 30043
Preparer
Daren Daiga
Phone
5055022746
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IRS990/Form990PartVIISectionAGrp/PersonNm0Timothy R Tebow
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IRS990/Form990PartVIISectionAGrp/PersonNm2Robert R Tebow II
IRS990/Form990PartVIISectionAGrp/PersonNm3William Heavener
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IRS990/Form990PartVIISectionAGrp/PersonNm6John Carter
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IRS990/Form990PartVIISectionAGrp/PersonNm8Jennifer Strickland
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IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President of Ministries
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP of Branding & Strategy
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IRS990/MissionDesc0The Tim Tebow Foundation exists to bring Faith, Hope and Love to those needing a brighter day in their darkest hour of need.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Special Needs: The Foundation is committed to serving and celebrating people with disabilities via three strategic initiatives.Night to Shine: The Tim Tebow Foundation provided funding and support towards Night to Shine, an unforgettable prom night experience, centered on God's love, for people with special needs hosted by churches across the country and around the world. International Education and Resource Centers: The Tim Tebow Foundation continues to build an alliance among faith-driven NGOs doing profound work in the Special Needs space to share best practices and fortify and multiply centers of excellence around the world.Shine On: The Tim Tebow Foundation is committed to equipping the Church and families affected by disability with tools to eliminate barriers and create life-giving community. As part of this equipping, the Foundation built a digital platform to connect families and new and growing special needs programs within churches to world-class, faith-based resources that train, guide and support them.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Profound Medical Needs: The Foundation is committed to providing physical and spiritual care to children with profound medical needs.Timmy's Playrooms: Timmy's Playrooms are being built in children's hospitals around the world to bring Faith, Hope and Love to patients and their families. These rooms provide an atmosphere that allows the children to take their minds off medical treatment and just be kids again. CURE Hospitals: The Tim Tebow Foundation provided funding and support to CURE International for the operation of the Tebow CURE Hospital in Davao City, Philippines, and the CURE Children's Hospital of Zimbabwe. The hospitals perform reconstructive and orthopedic procedures as well as offer spiritual healing to deserving children who could not otherwise afford care.W15H: The Tim Tebow Foundation W15H program fulfilled the dreams of children with life-threatening illnesses whose wish was to meet Tim Tebow. The program arranged travel, lodging, and amazing experiences for children and their families. In addition, the W15H Brighter Days program consists of phone calls, hospital visits, meet and greets at speaking engagements and more.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt01618000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Physical & Spiritual Aid: The Foundation is committed to providing physical and spiritual aid in response to global humanitarian needs, especially following catastrophic events. The Foundation supports people experiencing food insecurity, homelessness, and poverty, as well as those bringing the good news of the gospel to the unreached.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Orphan Care and Prevention: The Tim Tebow Foundation provided funding and support to serve hundreds of children who have been left homeless or abandoned. Currently orphans and at-risk families in six countries receive support through grants which cover food, clothing, shelter, medical care, education, family support programming, and sharing the Gospel.The Tim Tebow Foundation provided adoption aid grants for families adopting children from around the world, most of whom have special needs. These grants help cover the costs of the adoptions and continued care of these special children.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Rising Light Ridge: The Tim Tebow Foundation was blessed with a designated gift to acquire property in Bear Creek, PA in 2016 on which plans are underway to operate a world-class ministry campus which currently includes a summer camping experience for participants of all backgrounds and abilities to grow in Christ and in love for others. In 2021, the program welcomed its first campers for week-long sessions during the summer.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Misc income - 2017 Amount: $ 10,000. 2018 Amount: $ 10,000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
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