St Timothys School Inc
- Assets
- $15.4m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 177
- Location
- Raleigh, NC
- Founding
- 11/2001
- Data as of
- 06/2023
- EIN
- 56-0754499
Organization Overview
St Timothys School Inc is located in Raleigh, NC. The organization was established in 2001. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, St Timothys School Inc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Timothys School Inc 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 06/2023, St Timothys School Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $9.8m during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
ST. TIMOTHY'S EPISCOPAL SCHOOL IS A NURTURING COMMUNITY OF ACADEMIC EXCELLENCE THAT INSTILLS THE KNOWLEDGE, SKILLS, AND VALUES FOR A LIFE OF PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. TIMOTHY'S EPISCOPAL SCHOOL IS A NURTURING COMMUNITY OF ACADEMIC EXCELLENCE THAT INSTILLS THE KNOWLEDGE, SKILLS, AND VALUES FOR A LIFE OF PURPOSE. THE SCHOOL IS A PRIVATE NOT-FOR-PROFIT CORPORATION, SERVING STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL EDUCATED A TOTAL OF 585 STUDENTS DURING THE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Joe Diab Chairman | OfficerTrustee | 8 | $0 |
Mr Chuck Neely Board Member | Trustee | 3 | $0 |
Mr Steve Dixon Board Member | Trustee | 2.5 | $0 |
Mr Web West Board Member | Trustee | 2 | $0 |
Mr Dan Cahill Board Member | Trustee | 2 | $0 |
Mr Nick Lombardi Board Member | 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 | $531,380 |
| Noncash contributions included in lines 1a–1f | $12,932 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,380 |
| Total Program Service Revenue | $9,874,247 |
| Investment income | $107,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,332 |
| Net Gain/Loss on Asset Sales | -$4,735 |
| Net Income from Fundraising Events | -$640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,366 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,524,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $28,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $422,325 |
| Compensation of current officers, directors, key employees. | $61,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,380,827 |
| Pension plan accruals and contributions | $257,956 |
| Other employee benefits | $409,728 |
| Payroll taxes | $418,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,704 |
| 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 | $65,678 |
| Advertising and promotion | $84,649 |
| Office expenses | $145,668 |
| Information technology | $177,824 |
| Royalties | $0 |
| Occupancy | $233,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,392 |
| Interest | $30,564 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $485,277 |
| Insurance | $109,273 |
| All other expenses | $352,251 |
| Total functional expenses | $9,750,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,219 |
| Savings and temporary cash investments | $8,636,404 |
| Pledges and grants receivable | $33,503 |
| Accounts receivable, net | $76,594 |
| 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 | $97,114 |
| Net Land, buildings, and equipment | $6,201,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,486 |
| Total assets | $15,394,552 |
| Accounts payable and accrued expenses | $725,847 |
| Grants payable | $0 |
| Deferred revenue | $5,181,496 |
| 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 | $514,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,421,489 |
| Net assets without donor restrictions | $8,741,341 |
| Net assets with donor restrictions | $231,722 |
| 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 | $15,394,552 |