Timothy Initiative Inc

Organization Overview

Timothy Initiative Inc is located in Raleigh, NC. The organization was established in 2011. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Timothy Initiative Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timothy Initiative 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 12/2021, Timothy Initiative Inc generated $20.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $9.9m during the year ending 12/2021. While expenses have increased by 26.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TTI IS A REPRODUCTIVE, MULTIPLYING CHURCH PLANTING MOVEMENT THAT WORKS WITH OTHER NATIONAL MOVEMENT LEADERS TO PENETRATE THE NATIONS AND CULTURES WITH THE GOSPEL OF JESUS CHRIST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROJECT ASIA - A CHURCH PLANTING PROGRAM FOCUSING ON THE INDIGENOUS PEOPLE GROUPS OF ASIA TO TRAIN UP CHURCH PLANTERS AND SEND THEM TO PREDOMINANTLY RURAL AND UN-EVANGELIZED AREAS TO PLANT MULTIPLYING NEW CHURCHES.


PROJECT AFRICA - A CHURCH PLANTING PROGRAM FOCUSING ON THE INDIGENOUS PEOPLE GROUPS OF AFRICA TO TRAIN UP CHURCH PLANTERS AND SEND THEM TO PREDOMINANTLY RURAL AND UN-EVANGELIZED AREAS TO PLANT MULTIPLYING NEW CHURCHES.


PROJECT AMERICAS - A CHURCH PLANTING PROGRAM FOCUSING ON THE INDIGENOUS PEOPLE GROUPS OF NORTH, CENTRAL, AND SOUTH AMERICA TO TRAIN UP CHURCH PLANTERS AND SEND THEM TO PREDOMINANTLY RURAL AND UN-EVANGELIZED AREAS TO PLANT MULTIPLYING NEW CHURCHES.


CHURCH PLANTING


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Board, Officers & Key Employees

Name (title)Compensation
David Nelms
President
$183,960
Jared Nelms
CEO & Vice P
$143,960
Don Kelly
Treasurer
$0
Kathy Robertson
Secretary
$0
Jeff Forester
Board Chair
$0
Leslie Kelly
Director
$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$19,793,910
Noncash contributions included in lines 1a–1f $564,930
Total Revenue from Contributions, Gifts, Grants & Similar$19,793,910
Total Program Service Revenue$0
Investment income $138,426
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 $20,418,173

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Timothy Initiative Inc has recieved totaling $2,412,069.

Awarding OrganizationAmount
Christian Community Foundation Inc

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$1,000,000
Doulos Partners

Birmingham, AL

PURPOSE: CHURCH DEVELOPMENT

$657,944
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: EVANGELISM

$489,235
Dallas Seminary Foundation

Dallas, TX

PURPOSE: General Support

$75,000
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$50,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$50,000
View Grant Recipient Profile

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