St Timothy's School

Nonprofit profile at a glance

EIN: 560754499
IRS 990 coverage: 2009–2024
Forms available: Form 990 2024
Location: Raleigh, NC, USA
Phone: 9197829918
Rating: 75
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Primary, Elementary Schools
Affiliation: Christianity

Official website

Reported finances

Revenue: $11,675,213
Expenses: $11,299,050
Assets: $17,059,603
Liabilities: $6,709,692

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Highest reported compensation

MR TIM TINNESZ (HEAD OF SCHOOL): $372,949 total reported compensation
MR TIM COLEMAN (ASSOCIATE HEAD OF SCHOOL): $179,959 total reported compensation
MRS BRENDA BEAMON (DIRECTOR OF FINANCE): $170,253 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

St. Timothy's episcopal school is a nurturing community of academic excellence that instills the knowledge, skills, and values for a life of purpose.

What it reported doing in 2024

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 565 students during the school year.

Operating model

Revenue model: Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

Financial Efficiency: 73
Transparency & Controls: 61
Accountability: 100
Sustainability: 45
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 80.6%; rating input score 81
Program expense ratio: 82.6%; rating input score 83
Fundraising efficiency: $1.26 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
Grant itemization coverage: 50%; rating input score 50; 11th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 3.2%; rating input score 47; 47th percentile among comparable filings
Total-asset coverage ratio: 1.51; rating input score 51; 51st percentile among comparable filings
Liabilities to assets ratio: 0.39; rating input score 37; 37th percentile among comparable filings
Officer compensation ratio: 7.5%; rating input score 33; 33rd percentile among comparable filings

Growth

Program expense growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
Revenue growth: 6.2% per year; rating input score 100; 53rd percentile among comparable filings
Asset growth: 6.4% per year; rating input score 100; 45th percentile among comparable filings

Details

Where the money goes: 80.6% of revenue deployed · 82.6% of spending went to programs
Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment · $9.3M in reported program spending
Leadership: top reported pay $373K · 20 people listed · 2 of 6 pay-setting controls reported
Consistency: 34 of 34 current checks pass
Schedules: 9 filed schedules · includes major donors, foreign activity, and executive pay
Filing history: 16 filing years from 2009 to 2024
Contacts: How to reach this organization
Money network: 5 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
High — Financial Efficiency: Fundraising efficiency scored 3/100.
Review — Transparency & Controls: Grant itemization coverage scored 50/100.
Moderate — Sustainability: Operating margin scored 47/100.
Review — Sustainability: Total-asset coverage ratio scored 51/100.
Moderate — Sustainability: Officer compensation ratio scored 33/100.
Moderate — Sustainability: Liabilities to assets ratio scored 37/100.