Mentoring Timothy INC

Tax-deductible

Clinton, MT501(c)(3)ReligionEIN 47-1785126Revenue $326K in FY2024

On file with the IRSmentoringtimothy.com25 Yembi Ln, 59825-9503 · Clinton, MTTax-exempt since May 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Mentoring Timothy is a 10-month Mentoring program for young men who desire to take their relationship with christ more seriously.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 60 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $39K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
to officers and key staff · 29% of spending
Top officer’s pay higher than 87% of similar orgs
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $87K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
+4% vs prior year
Spent
$326K
To programs
79%
Net assets
$869K
By yearFY2020–FY2024
Revenue
$326K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$259K
FY2021$416K
FY2022$559K
FY2023$315K
FY2024$326K
Expenses
$326K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$286K
FY2022$485K
FY2023$360K
FY2024$326K
Net assets
$869K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$641K
FY2021$787K
FY2022$988K
FY2023$901K
FY2024$869K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $258K Management & general 17% · $56K Fundraising 4% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation
$95,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Dave Schroeder’s $95K as President is at the 87th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dave Schroeder$95,000$95,000$82,800$85,575$102,551

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Guides young men to deepen their faith through a 10-month mentoring program.

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Provided by the organization

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1 program · $258K · in their own filed words · FY2024
01

Mentoring timothy is a 9-MONTH discipleship program that mentors young men aged 18-25 years of age. Our goal is to help young men cultivate a relationship with god through the study of the bible and living with fellow believers of christ. In 2024, we enrolled 8 young men for our program and were at max capacity.

$258Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$87K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Gifts and grantsLn 1h$326K
Investment incomeLn 3$11
Money outPt IX
$326K
Ln 25
Programscol B$258K
Managementcol C$56K
Fundraisingcol D$13K
Owns and owesPt X
$869K
net assets · Ln 32
Cash and savingsLn 1–2$87K
Total assetsLn 16$876K
LiabilitiesLn 26$7K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$326K
Investment incomeLn 3$11
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$87K
Cash and savings togetherLn 1–2$87K
Land, buildings, equipmentLn 10c$789K
Total assetsLn 16$876K
LiabilitiesLn 26$7K
Net assetsLn 32$869K
OperationsPt I, VI
EmployeesI 51
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$104K$87K
Land, buildings, equipmentLn 10c$808K$789K
Total assetsLn 16$912K$876K
LiabilitiesLn 26$11K$7K
Net assetsLn 32$901K$869K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$95K$66K$19K$10K
Other salaries and wagesLn 7$30K$21K$6K$3K
Other employee benefitsLn 9$234$164$47$23
Payroll taxesLn 10$2K$2K$459$230
Accounting feesLn 11c$4K$4K
Office expensesLn 13$4K$4K
Information technologyLn 14$3K$3K
OccupancyLn 16$3K$3K
TravelLn 17$12K$12K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$122K$122K
All other expensesLn 24e$11K$7K$5K
Total functional expensesLn 25$326K$258K$56K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $326K$326K−$359$869K 990 PDF
FY2023 $315K$360K−$45K$901K 990 PDF
FY2022 $559K$485K$73K$988K 990 PDF
FY2021 $416K$286K$130K$787K 990 PDF
FY2020 $259K$221K$38K$641K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $326,102 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $309,839$326,091
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,034$11
I-11 Other revenue$0
I-12 Total revenuePrior year $314,873$326,102
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $131,003$127,529
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $228,883$198,932
I-18 Total expensesPrior year $359,886$326,461
I-19 Revenue less expensesPrior year −$45,013−$359
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $326,102 across 4 lines filed
VIII-1f All other contributions, gifts and grants$326,091
VIII-1h Total contributions, gifts and grants$326,091
VIII-3 Investment incomeRelated to mission $11$11
VIII-12 Total revenueRelated to mission $11$326,102
Part IX · Statement of functional expenses $326,461 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,500 · Management $19,000 · Fundraising $9,500$95,000
IX-7 Other salaries and wagesPrograms $21,000 · Management $6,000 · Fundraising $3,000$30,000
IX-9 Other employee benefitsPrograms $164 · Management $47 · Fundraising $23$234
IX-10 Payroll taxesPrograms $1,606 · Management $459 · Fundraising $230$2,295
IX-11c Accounting feesManagement $3,604$3,604
IX-13 Office expensesManagement $4,109$4,109
IX-14 Information technologyManagement $3,315$3,315
IX-16 OccupancyPrograms $3,260$3,260
IX-17 TravelPrograms $12,489$12,489
IX-22 Depreciation, depletion and amortizationPrograms $24,394$24,394
IX-23 InsuranceManagement $14,934$14,934
IX-24 Other expenses (24a–d)Programs $121,732$121,732
IX-24e All other expensesPrograms $6,540 · Management $4,555$11,095
IX-25 Total functional expensesPrograms $257,685 · Management $56,023 · Fundraising $12,753$326,461
Part X · Balance sheet $875,966 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $104,220$87,216
X-10c Land, buildings and equipment, netStart of year $807,987$788,750
X-16 Total assetsStart of year $912,207$875,966
X-17 Accounts payable and accrued expensesStart of year $10,942$6,539
X-26 Total liabilitiesStart of year $10,942$6,539
X-27 Net assets without donor restrictionsStart of year $901,265$869,427
X-32 Total net assets or fund balancesStart of year $901,265$869,427
X-33 Total liabilities and net assetsStart of year $912,207$875,966
Part XI · Reconciliation of net assets $869,427 net assets at year end
XI-1 Total revenue$326,102
XI-2 Total expenses$326,461
XI-3 Revenue less expenses−$359
XI-4 Net assets at start of year$901,265
XI-8 Prior period adjustments$289
XI-9 Other changes in net assets−$31,768
XI-10 Net assets at end of year$869,427

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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