Civic Intelligence

Timothy Christian Schools

EIN 36-1870590 • 501(c)3 • Elmhurst, IL

View Organization Page

Profile

Serving God and His people, Timothy Christian Schools develops academically prepared Christian disciples who embrace Christ's call to transform the world.

188 W Butterfield RdElmhurst, IL 60126

www.timothychristian.com

Siviq Scores

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

Liabilities / Assets

49th percentile

0.23x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

63rd percentile

0.54x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

56th percentile

$396,087

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

31st percentile

1.0%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

50th percentile

8.4%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$50,294,784

Up $5,264,494 (+12%) from 2022

Liabilities

Up

$10,976,479

Up $8,046,430 (+275%) from 2022

Net Assets

Down

$39,318,305

Down $2,781,936 (-6.6%) from 2022

Operations
Liabilities / Revenue63rd percentileNet Margin29th percentile

Revenue

Down

$20,045,849

Down $2,129,138 (-9.6%) from 2022

Expenses

Up

$20,365,969

Up $2,348,420 (+13%) from 2022

Net Income

Down

-$320,120

Down $4,477,558 (-108%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$60M$40M$20M$0Assets 2010: $12,173,113Liabilities 2010: $2,121,497Net Assets 2010: $10,051,6162010Assets 2011: $12,281,842Liabilities 2011: $1,984,294Net Assets 2011: $10,297,5482011Assets 2012: $12,832,472Liabilities 2012: $2,005,298Net Assets 2012: $10,827,1742012Assets 2013: $14,292,099Liabilities 2013: $3,210,153Net Assets 2013: $11,081,9462013Assets 2014: $13,583,376Liabilities 2014: $2,166,250Net Assets 2014: $11,417,1262014Assets 2015: $14,000,028Liabilities 2015: $1,631,648Net Assets 2015: $12,368,3802015Assets 2017: $32,144,845Liabilities 2017: $3,845,941Net Assets 2017: $28,298,9042017Assets 2018: $37,350,333Liabilities 2018: $4,518,214Net Assets 2018: $32,832,1192018Assets 2019: $31,264,867Liabilities 2019: $4,018,182Net Assets 2019: $27,246,6852019Assets 2020: $37,787,262Liabilities 2020: $2,991,603Net Assets 2020: $34,795,6592020Assets 2021: $41,280,764Liabilities 2021: $3,337,961Net Assets 2021: $37,942,8032021Assets 2022: $45,030,290Liabilities 2022: $2,930,049Net Assets 2022: $42,100,2412022Assets 2024: $50,294,784Liabilities 2024: $10,976,479Net Assets 2024: $39,318,3052024

Highlighted filing

2024

Assets$50,294,784
Liabilities$10,976,479
Net Assets$39,318,305
Open 2024 Filing

Operations Trend

Revenue Growth50th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $11,430,9262010Expenses 2011: $13,238,5942011Expenses 2012: $13,017,2492012Expenses 2013: $12,547,7182013Revenue 2014: $12,428,346Expenses 2014: $12,431,357Net Income 2014: -$3,0112014Revenue 2015: $14,157,712Expenses 2015: $13,053,727Net Income 2015: $1,103,9852015Revenue 2017: $15,171,717Expenses 2017: $13,141,893Net Income 2017: $2,029,8242017Revenue 2018: $18,631,688Expenses 2018: $14,325,161Net Income 2018: $4,306,5272018Revenue 2019: $15,225,460Expenses 2019: $20,810,894Net Income 2019: -$5,585,4342019Revenue 2020: $23,080,987Expenses 2020: $15,532,013Net Income 2020: $7,548,9742020Revenue 2021: $20,446,601Expenses 2021: $17,299,457Net Income 2021: $3,147,1442021Revenue 2022: $22,174,987Expenses 2022: $18,017,549Net Income 2022: $4,157,4382022Revenue 2024: $20,045,849Expenses 2024: $20,365,969Net Income 2024: -$320,1202024

Highlighted filing

2024

Revenue$20,045,849
Expenses$20,365,969
Net Income-$320,120
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$50,294,784
Liabilities
$10,976,479
Net assets
$39,318,305
Revenue
$20,045,849
Expenses
$20,365,969
Net income
-$320,120
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.3$11.0$39.3$20.0$20.4$0.32
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.0$2.93$42.1$22.2$18.0$4.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.3$3.34$37.9$20.4$17.3$3.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.8$2.99$34.8$23.1$15.5$7.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.3$4.02$27.2$15.2$20.8$5.59
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.4$4.52$32.8$18.6$14.3$4.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.1$3.85$28.3$15.2$13.1$2.03
2015Detailed filing. Detailed filing data is available for this year.$14.0$1.63$12.4$14.2$13.1$1.10
2014Detailed filing. Detailed filing data is available for this year.$13.6$2.17$11.4$12.4$12.4$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$3.21$11.1$12.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$2.01$10.8$13.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.98$10.3$13.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$2.12$10.1$11.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$20,221,555
Mission and Program Overview

Mission

Serving god and his people, timothy christian schools develops academically prepared christian disciples who embrace christ's call to transform the world.

Develop academically prepared Christian disciples who embrace Christ's call to transform the world

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,876,958$44,784,852▲ $907,894
Pledges and Grants Receivable$3,195,591$2,757,772▼ $437,819
Savings and Temporary Cash Investments$3,452,993$2,403,546▼ $1,049,447
Prepaid Expenses and Deferred Charges$180,723$146,402▼ $34,321
Accounts Receivable$129,299$56,449▼ $72,850
Cash and Non-Interest-Bearing Accounts$123$139▲ $16
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$50,994,399$50,294,784▼ $699,615
Other Assets Total$158,712$145,624▼ $13,088
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,500,000$8,036,757▲ $4,536,757
Deferred Revenue$611,978$1,572,951▲ $960,973
Accounts Payable and Accrued Expenses$1,415,615$1,235,909▼ $179,706
Other Liabilities$194,272$130,862▼ $63,410
Total Liabilities$5,721,865$10,976,479▲ $5,254,614
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,971,145$36,214,164▼ $4,756,981
Net Assets With Donor Restrictions$4,301,389$3,104,141▼ $1,197,248
Total Net Assets Fund Balance$45,272,534$39,318,305▼ $5,954,229
Total Liabilities and Net Assets / Fund Balance$50,994,399$50,294,784▼ $699,615

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,164,268$18,674,269$59,838,537
Equipment$2,097,037$5,359,626$7,456,663
Land$1,467,756-$1,467,756
Other Land Buildings$55,791-$55,791

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$5,041,771$104,583▲ $730,149-$5,323,992
2022$4,792,083$84,330▲ $495,523-$5,041,771
2021$5,299,658$577,329▼ $671,190-$4,792,083
2020$4,546,946$66,796▲ $1,042,328-$5,299,658
2019$5,071,588$131,025▲ $247,586-$4,546,946
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt DavidsonSuperintendentFT$263,330$118,274$381,604
Kevin HackertDirector of ITFT$130,290$50,946$181,236
Bradford MitchellHS PrincipalFT$121,294$44,253$165,547
Justin HorneP-8 PrincipalFT$122,396$35,289$157,685
Jack Le GrandAthletic directorFT$117,896$34,146$152,042
Michael VanDerAaDirector of MarketingFT$124,241$23,296$147,537
Tyler VanderBrugDirector of Finance & OperationsFT$102,541$19,666$122,207

Board Members and Trustees

NameTitle
Ryan BrandsmaPresident
Aaron OzingaAssistant Vice President
Kelly WilbrahamAssistant Vice President (part year)
Jesse TamelingVice President
Alisa VanHekkenDirector
Amy JonesDirector
Chad McQuadeDirector
Joel MathewDirector
Karen VeldmanDirector
Kevin WalkerDirector
PJ HuizengaDirector
Stephanie HuizingaDirector
Theo OwensDirector
Todd BuikemaDirector
Todd LindemulderDirector
Tom Vander VeenDirector
Joel MunkSecretary
Steve De BoerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Executive Construction IncGeneral Contractor235 Fencl Lane, Ste D, Hillside, IL 60162$1,947,331
First Student IncSchool Bus Transportation22157 Network Place, PMB 414, Chicago, IL 60673-1221$879,657
M & M Cleaning Services IncCleaning Services700 E Elm Ave, La Grange, IL 60525$255,074
Urban SkySecurity services205 E Butterfield Rd, Elmhurst, IL 60126$204,022
Orange Crush LLCParking lot repavement321 Center St, Hillside, IL 60162$158,800
Revenue and Support

Revenue Composition

Contributions and Grants
$4,154,810
Program Service Revenue
$15,803,085
Investment Income
$48,853
Other Revenue
$39,101
All Other Contributions
$3,385,998
Change in Net Assets
$-320,120

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$204,870Cost
Securities Publicly Traded4$82,135Selling cost
Total Noncash Contributions5$287,005-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,756,768
Other Expenses$6,642,665
Grants and Similar Amounts Paid$1,966,536
Total Fundraising Expense$374,144
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$5,218,157$954,391$178,305$6,350,853
Other Salaries and Wages$2,921,012$334,918$2,118$3,258,048
Depreciation Depletion$2,108,179$21,294-$2,129,473
Grants to Domestic Individuals$1,966,536--$1,966,536
Occupancy$890,294$206,611$1,556$1,098,461
Other Employee Benefits$696,263$127,345$23,791$847,399
Payroll Taxes$513,356$146,769$4,435$664,560
Office Expenses$530,822$37,971$1,448$570,241
Current Officers, Directors, Trustees, and Key Employees$188,948$203,356$121,430$513,734
Interest-$323,937-$323,937
All Other Expenses$162,237$145,643$140$308,020
Fees for Services Other$175,117$64,546$37,067$276,730
Travel$180,191$10,468-$190,659
Advertising-$150,903-$150,903
Comp Disqual Persons$122,174--$122,174
Information Technology$110,054--$110,054
Other Expenses$97,480$26,019$3,854$97,480
Fees for Services Accounting-$40,055-$40,055
Fees for Services Legal-$39,459-$39,459
Total Functional Expenses$17,158,140$2,833,685$374,144$20,365,969
International Activity

International Summary

Offices
0
Employees
0
Spending
$102,578

International Compliance

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
Central America and the CaribbeanProgram ServicesTravel00$102,578
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$122,044
Fundraising Gross Income$15,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of Timothy 2024$83,625$0$9,257$-9,257
Golf Outing 2023$243,172$15,000$2,382$12,618
Total Events$326,797$15,000$122,044$-107,044
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family member of Steve De BoerWages and benefitsNo$74,245
-Family member of Ryan BrandsmaWages and benefitsNo$34,243
-Family member of Todd BuikemaWages and benefitsNo$13,686

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Financing lease obligations$119,375
Retirement liability$11,487
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
Yes
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 1A Delegate broad authority to A committee

“The Executive Committee is comprised of the Board officers: President, Vice President, Secretary, and Treasurer. The Committee takes action on behalf of the Board between Board meetings as necessary for the operation of the school, and their actions are subject to the approval of the Board.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The Form 990 is prepared by an independent CPA firm. A copy of the Form 990 was given to the Finance Committee of the Board of Directors who reviewed it in detail with the Superintendent and Director of Finance & Operations. A copy of the Form 990 was also provided to all Directors for review and questions prior to filing with the IRS.”

Form 990, Part VI, Line 12C Conflict of interest policy

“A conflict of interest statement is part of the school's governance package. The Board of Directors and officers submit possible conflicts to the Superintendent for review and the Executive Committee reviews the Superintendent's statement. Should any potential conflicts of interest be disclosed, the Board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“The Executive Committee of the Board of Directors determines the compensation for the Superintendent using comparable data. The compensation approval process is completed annually and documented in the Committee minutes.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“The Superintendent and Executive Committee review and set the compensation for all other officers. Comparability data is used, and the approval process is documented in the Committee minutes.”

Form 990, Part VI, Line 19 Required documents available to the public

“The school's governing documents, conflict of interest policy, and financial statements are available by request to the Business Office of the organization.”

Filing and Contact Details

Filer

Filer Name
Timothy Christian Schools
EIN
36-1870590
Phone
6308334616
Address
188 W Butterfield Rd, Elmhurst, IL 60126

Signing Officer

Name
Matt Davidson
Title
Superintendent
Phone
6308334616
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
1911
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
14
Employees
272
Volunteers
50

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Sara Tibbott
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Loss on buyout of pension plan

“Timothy participated in the Christian Schools Pension Plan, a multi-employer defined benefit plan administered by the appointed Pension Trustees. Effective March 14, 2024, Timothy withdrew from the Plan and paid the withdrawal liability as of the termation date of $5,634,109. The associated loss on withdrawal is included on Form 990, Part IX, Line 8 and Part XI, Line 9.”

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

“Loss on buyout of pension plan - -5634109;”

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

“Endowment funds are established to provide scholarships and support the programs of Timothy Christian Schools.”

Raw XML AppendixShowing 400 of 949 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/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt00
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Tyler VanderBrug
IRS990/BooksInCareOfDetail/PhoneNum06308334616
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0188 W Butterfield Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Elmhurst
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060126
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0true
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IRS990/CashNonInterestBearingGrp/BOYAmt0123
IRS990/CashNonInterestBearingGrp/EOYAmt0139
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt08
IRS990/CollectionsOfArtInd0false
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IRS990/CompensationFromOtherSrcsInd0false
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt01947331
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt122157 Network Place
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1First Student Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2M & M Cleaning Services Inc
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4Orange Crush LLC
IRS990/ContractorCompensationGrp/ServicesDesc0General Contractor
IRS990/ContractorCompensationGrp/ServicesDesc1School Bus Transportation
IRS990/ContractorCompensationGrp/ServicesDesc2Cleaning Services
IRS990/ContractorCompensationGrp/ServicesDesc3Security services
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IRS990/ContriRptFundraisingEventAmt0311797
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IRS990/DelegationOfMgmtDutiesInd0false
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IRS990/Desc0Founded in 1911, Timothy Christian Schools (Timothy) is a fully accredited, parent-run, pre-kindergarten through grade 12 Christian school system that places academic excellence and a reformed Biblical worldview at the heart of its mission. Every program at Timothy - from mathematics to music, from business to basketball - is done with the knowledge that God created people and gave them the universe to explore and enjoy. This knowledge inspires Timothy to pursue the highest possible quality in everything it does. Every child at Timothy - from the accelerated learners to those requiring additional support - is viewed as a gift from God and an image bearer of Christ. This vision is the motivation for the loving care and attention Timothy provides to its students. Timothy is an extension of Christian family life, and takes seriously its obligation to be partners with parents in providing the best possible education for its students. From preschool to high school graduation, Timothy is dedicated to bringing every student to his or her highest potential: academically, socially and spiritually. For the 23-24 fiscal year 1,265 pre-kindergarten through grade 12 students attended Timothy Christian Schools.
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