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Nonprofit · EIN 80-0472803

THE TIMOTHY INITIATIVE INC

Tax-exempt · RALEIGH, NC 27624

Financials

$22.7M$21.7M2023
Revenue Expenses · by fiscal year end
Financials of THE TIMOTHY INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$22,662,705$21,741,453$921,252$28,387,864$1,065,253$27,322,611
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$21,756,188
Program service revenue
$0
Investment income
$0
Net income from fundraising events
-$548,019
Other revenue
$906,517

Expenses

Grants and similar amounts paid
$2,093,504
Compensation of officers, directors and key employees
$437,182
Other salaries and wages
$5,130,694
Salaries, compensation and benefits (total)
$5,567,876
Professional fundraising fees
$0
Legal fees
$203,268
Accounting fees
$8,046
Occupancy
$1,119,083
Travel
$3,362,633
Depreciation
$78,104
Program services (functional)
$18,823,165
Management and general (functional)
$1,218,583
Fundraising (functional)
$1,699,705

Balance sheet and other

Total assets, start of year
$26,997,979
Total assets, end of year
$28,387,864
Total liabilities, end of year
$1,065,253
Net assets, end of year
$27,322,611
Land, buildings and equipment
$228,052
Publicly traded securities
$15,634,040
Net assets without donor restrictions
$9,751,814
Net assets with donor restrictions
$17,570,797
Gross receipts
$23,210,724
Employees
52
Volunteers
225
Year formed
2009
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JARED NELMSCEO & PRESID
Trustee or director, Officer
40$210,531$63,894
DAVID NELMSFOUNDER
Trustee or director, Officer
40$226,651$24,861
JUSTIN SOGOIANCHIEF DEVEL
Highest-paid employee
40$164,189$59,397
SCOTT RIDOUTCOO
Highest-paid employee
40$112,591$95,888
FREGY JOHNINT'L MINIST
Highest-paid employee
40$115,346$27,305
ANDRE HARRIOTTINT'L OPERAT
Highest-paid employee
40$112,846$21,816
JEFF FORESTERBOARD CHAIR
Trustee or director
5$0$33,333
MALCOLM CARTERDIRECTOR
Trustee or director
5$0$0
JONATHAN FALWELLDIRECTOR
Trustee or director
5$0$0
DON KELLYTREASURER
Trustee or director, Officer
5$0$0
LESLIE KELLYDIRECTOR
Trustee or director
5$0$0
SWEETLIN MANOHARANDIRECTOR
Trustee or director
5$0$0
ALAN POENITSKEDIRECTOR
Trustee or director
5$0$0
KATHY ROBERTSONSECRETARY
Trustee or director, Officer
5$0$0

Address and contacts

Address (IRS master file)
PO BOX 98177, RALEIGH, NC 27624-8177
Principal officer (990 for 2023)
JARED NELMS, PO BOX 98177, RALEIGH, NC 27624
Signed the 990
JARED NELMS, CEO & PRESIDENT
Phone
(919) 761-5760
Return prepared by
STEVE RICE CPA INC

Mission

THE TIMOTHY INITIATIVE EXISTS TO ADVANCE CHRIST'S KINGDOM BY MULTIPLYING DISCIPLES AND DISCIPLE MAKING CHURCHES AROUND THE WORLD.

990 for the year ended December 31, 2023

Program accomplishments

  • PROJECTS IN ASIA FOCUS ON DISCIPLE MAKING, CHURCH PLANTING AND LEADERSHIP DEVELOPMENTIN AND THROUGH INDIGENOUS LEADERSHIP, WE WORK IN PLACES AND AMONG PEOPLE WHO HAVE LITTLE TO NO ACCESS TO THE GOSPEL. THE PRIMARY AIM OF ALL EFFORTS RESULT IN NEW DISCIPLES MADE AND MULTIPLIED, NEW CHURCHES PLANTED AND MULTIPLIED, NEW LEADERS RAISED UP MULTIPLIED, ORPHANS AND WIDOWS TAKEN IN AND CARED FOR BY THE LOCAL CHURCH, UNREACHED PEOPLE GROUPS AND UNREACHED PLACES ENGAGED.
    Expenses $10,172,233 · grants $765,379
  • PROJECTS IN AFRICA FOCUS ON DISCIPLE MAKING, CHURCH PLANTING AND LEADERSHIP DEVELOPMENTIN AND THROUGH INDIGENOUS LEADERSHIP, WE WORK IN PLACES AND AMONG PEOPLE WHO HAVE LITTLE TO NO ACCESS TO THE GOSPEL. THE PRIMARY AIM OF ALL EFFORTS RESULT IN NEW DISCIPLES MADE AND MULTIPLIED, NEW CHURCHES PLANTED AND MULTIPLIED, NEW LEADERS RAISED UP MULTIPLIED, ORPHANS AND WIDOWS TAKEN IN AND CARED FOR BY THE LOCAL CHURCH, UNREACHED PEOPLE GROUPS AND UNREACHED PLACES ENGAGED.
    Expenses $6,613,854 · grants $1,313,144
  • PROJECTS IN THE AMERICAS FOCUS ON DISCIPLE MAKING, CHURCH PLANTING AND LEADERSHIP DEVELOPMENTIN AND THROUGH INDIGENOUS LEADERSHIP, WE WORK IN PLACES AND AMONG PEOPLE WHO HAVE LITTLE TO NO ACCESS TO THE GOSPEL. THE PRIMARY AIM OF ALL EFFORTS RESULT IN NEW DISCIPLES MADE AND MULTIPLIED, NEW CHURCHES PLANTED AND MULTIPLIED, NEW LEADERS RAISED UP MULTIPLIED, ORPHANS AND WIDOWS TAKEN IN AND CARED FOR BY THE LOCAL CHURCH, UNREACHED PEOPLE GROUPS AND UNREACHED PLACES ENGAGED.
    Expenses $2,037,078 · grants $14,981

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
80-0472803
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Not required (church)
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$28,387,864
Income (IRS master file)
$23,210,724

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$22,662,705$21,741,453$28,387,864XML
990December 2022$18,484,088$17,649,893$26,997,979IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0472803).

Questions about THE TIMOTHY INITIATIVE INC

What is the EIN of THE TIMOTHY INITIATIVE INC?
The employer identification number (EIN) of THE TIMOTHY INITIATIVE INC is 80-0472803.
Is THE TIMOTHY INITIATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to THE TIMOTHY INITIATIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE TIMOTHY INITIATIVE INC file?
Form Not required (church). Churches are not required to file.
When is the next return of THE TIMOTHY INITIATIVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE TIMOTHY INITIATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of THE TIMOTHY INITIATIVE INC?
The 990 for the year ended December 31, 2023 names JARED NELMS.
Who are the officers and directors of THE TIMOTHY INITIATIVE INC?
The 990 for the year ended December 31, 2023 lists 14 people; 6 received compensation from the organization, the highest $210,531 (JARED NELMS, CEO & PRESID).
How much revenue does THE TIMOTHY INITIATIVE INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $22,662,705, expenses of $21,741,453 and total assets of $28,387,864 at year end.

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