Timber Pointe Charitable Foundation INC EIN 37-1364140 Form 990 (PDF) Claim this org

Timber Pointe Charitable Foundation INC FY2024 filing

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Funds facilities for outdoor recreation for individuals with disabilities. For fiscal year 2024 it reported $402K in revenue, $144K in expenses, and $844K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Bloomington, IL
Website
www.timberpointefoundation.org
Filings
5 on file (2021–2024)
Revenue
$402KFY2024
Expenses
$144K
Net assets
$844K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-1364140 Public foundation / grantmaker Bloomington, IL
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Funds facilities for outdoor recreation for individuals with disabilities.
Leadership
David Bateman · Board Member
Money in and out
$402K revenue, $144K expenses
Bottom line
57% program efficiency
Grants paid & assets · FY2024
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$144K
Pt IX · Ln 25
Net assets
$844K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $258K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.22 Fundraising $0.21
Program efficiency
57%
of spending reaches programs
Operating runway
63.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+64%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$402K
FY2024▲ +133%
Expenses
$144K
FY2024▲ +23%
Total assets
$844K
FY2024▲ +57%
Total liabilities
$0
FY2024
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$144K
Pt IX · Ln 25
Net assets
$844K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$258K
Total assetsPt X · Ln 16$844K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTimber Pointe Charitable Foundation INC
EINHdr · item D37-1364140
Principal addressHdr · item CBloomington, IL
WebsiteHdr · item Jwww.timberpointefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFApr 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $83K of program spending, described in the organization's own filed words · FY2023.
01

To provide funding and resources supporting the development and operations of facilities and programs for children and adults with disabilities and their families at timber pointe outdoor center.

$83Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$385K · 96%
Investment income$14K · 4%
Other revenue$3K · 1%
Contributions & grants96%$385K
Investment income4%$14K
Other revenue1%$3K
Total revenueLn 12$402K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.22 Fundraising $0.21
Program services57%$83K
Management & general22%$32K
Fundraising21%$30K
Total functional expensesLn 25$144K

Balance Sheet

Part X · end of year
CashLn 1$762K
Total assetsLn 16$844K
Total liabilitiesLn 26$0
Total net assetsLn 32$844K
Months of cash on handcomputed63.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $762K · Operating expenses/yr $144K
63.4 months
Where the money goes
Program services
Program services $83K · Total expenses $144K
57%
Management & General
Management & general $32K · Total expenses $144K
22%
Fundraising
Fundraising $30K · Total expenses $144K
21%
Cost to raise $1
Fundraising expense (3-yr avg) $20K · Solicited contributions (3-yr avg) $228K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $385K · Total revenue $402K
96%
Government reliance
Government grants — · Total revenue $402K
Earned-income share
Program service revenue $0 · Total revenue $402K
0%
Investment reliance
Investment income $14K · Total revenue $402K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $144K
0%
Growth & trend
Revenue growth (YoY)
This year $402K · Prior year $173K
+133%
Net-asset trend (YoY)
End of year $844K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $402K · Expenses $144K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $844K
Net-asset ratio
Net assets $844K · Total assets $844K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $844K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Bateman · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $144K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $144K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 22%
Fundraising cost ratio 8%
Revenue growth 133%
Investment management fee ratio 0.4%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$65K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$154K revenue · ⤓ 990 PDF
FY2024$402K revenue · viewing · ⤓ 990 PDF
FY2023$173K revenue · ⤓ 990 PDF
FY2022$137K revenue · ⤓ 990 PDF
FY2021$108K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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