Timothy Training International Nfp
- Assets
- $4.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Plainfield, IL
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 26-2901737
Organization Overview
Timothy Training International Nfp is located in Plainfield, IL. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Timothy Training International Nfp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timothy Training International Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Timothy Training International Nfp generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $624.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DELIVERING READILY ACCESSIBLE AND DEEPLY ENGAGING BIBLE-BASED LEARNING THAT FOSTERS CHRIST-CENTERED PERSONAL LIVING & CHURCH-DIRECTED SPIRITUAL MINISTRY TO CHINESE CHURCH PASTORS AND LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLINE COURSES: THIS PROGRAM PROVIDED TRAINING TO CHINESES PASTORS THROUGH OUR ONLINE COURSE PLATFORM. A TOTAL OF 38 COURSES WERE OFFERED THIS YEAR.
SEMINARY FUND: THIS PROGRAM PROVIDED SCHOLARSHIPS TO PROMISING CHURCH PASTORS AND LEADERS TO DO ADVANCED STUDIES IN THE US. OUR ORGANIZATION SUPPORTED FIVE STUDENTS COVERING A PERCENTAGE OF THEIR TUITIONS AND LIVING EXPENSES THIS YEAR.
SEMINAR: THIS PROGRAM ORGANIZED SEMINARS IN EAST ASIA TO PROVIDE CHINESE PASTORS WITH TRAINING IN BIBLICAL THEOLOGY AND CHRISTIAN MINISTRY BY USING WORLD-RENOWNED BIBLE SCHOLARS AS FACULTY. NO SEMINAR WAS ORGANIZED IN 2020 - 2022 BECAUSE OF THE PANDEMIC. WE RESUMED OUR SEMINARS SINCE JULY 2023.
EZRA HALL: THIS PROGRAM PROVIDED VIDEO COURSES TO CHINESES CHRISTIANS THROUGH OUR ONLINE PLATFORM. WE OFFERED 39 VIDEO COURSES THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Guthrie Chairman Of The Board | Trustee | 2 | $0 |
Danny Hays Board Director | Trustee | 2 | $0 |
Hanry Yu Board Director | Trustee | 2 | $0 |
Robin Hom Board Director | Trustee | 2 | $0 |
Janson Chan Executive Director | OfficerTrustee | 80 | $144,480 |
Richard Averbeck Secretary Of The Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $947,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $947,526 |
| Total Program Service Revenue | $217,314 |
| Investment income | $210,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,375,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,127 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,079 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,480 |
| Compensation of current officers, directors, key employees. | $144,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,219 |
| Pension plan accruals and contributions | $14,362 |
| Other employee benefits | $12,300 |
| Payroll taxes | $3,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,085 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,282 |
| Information technology | $5,217 |
| Royalties | $6,384 |
| Occupancy | $0 |
| Travel | $21,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $890 |
| All other expenses | $0 |
| Total functional expenses | $624,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,721 |
| Savings and temporary cash investments | $4,043,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,089 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,528 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,220,361 |
| Accounts payable and accrued expenses | $39,125 |
| Grants payable | $0 |
| Deferred revenue | $28,065 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,427 |
| Total liabilities | $71,617 |
| Net assets without donor restrictions | $3,956,008 |
| Net assets with donor restrictions | $192,736 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,220,361 |