TIMOTHY SOCIETY FOR CHRISTIAN EDUCATION INC

EIN: 426003646 501(c)(3) Education

WELLSBURG, IA

Total Revenue
$891,617
Total Expenses
$666,905
Total Assets
$871,489
Net Assets
$870,748
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
IA
Principal Officer
JEREMY DOOLAARD
Phone
6418693679
Tax Period
2024-06-01 to 2025-05-31

TIMOTHY SOCIETY FOR CHRISTIAN EDUCATION INC, founded in 1969, is a small nonprofit in the Education sector that reported $892K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $225K, a strong 25% operating margin.

Mission

Students will increase their understanding of the way in which God created our world with its beautiful unity and rich variety and how we as Christians are to see our responsibilities toward our world and man.Students will realize that they are unique children of the Lord and each has a special purpose and place in this world.Students will understand that to become disciples of Jesus Christ means developing skills, knowledge, and insights for living the full Christian life as contributing members of their families, churches, and communities.Students will view the Bible as the inspired and inerrant Word of God and the source for knowledge of Him and His desire for a personal relationship with us.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $290,442
Program Service Revenue $549,698
Investment Income $51,477
Other Revenue $0
TOTAL REVENUE $891,617

Expense Breakdown

Grants Paid $0
Salaries & Benefits $470,020
Fundraising Expenses $0
Program Expenses $666,905
Other Expenses $196,885
TOTAL EXPENSES $666,905

Year-over-Year Comparison

2024 2023 Change
Revenue $891,617 $778,938 +0.1%
Expenses $666,905 $545,819 +0.2%
Net Income $224,712 $233,119 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
23
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC RIFENRATH Treasurer 0.00
Director
$0 $0 $0
CLINT SCHIPPER Director 0.00
Director
$0 $0 $0
BRUCE BAKKER Director 0.00
Director
$0 $0 $0
JON ONKEN Vice President 0.00
Officer
$0 $0 $0
JOE DONALD Secretary 0.00
Officer
$0 $0 $0
BRADY YOUNG Director 0.00
Officer
$0 $0 $0
JEREMY DOOLAARD President 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $891,617 $666,905 $871,489 $224,712
2024 $778,938 $545,819 $651,106 $233,119
2023 $525,273 $544,228 $450,755 $-18,955
2022 $605,779 $492,938 $477,986 $112,841
2021 $569,852 $502,976 $419,504 $66,876
2020 $450,954 $465,733 $338,610 $-14,779
2019 $456,488 $477,976 $282,566 $-21,488
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