THE TIMOTHY INITIATIVE INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2023 (Year End)
$28,387,864
Investments
55%
Cash & Equivalents
42%
Other Assets
1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2023 (Year End)
$1,065,253
Payables & Accruals
63%
Other Liabilities
37%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2022
2023
Change
Cash & Equivalents
$21,625,066
$12,051,097
-44%
Receivables (Non-Related)
$4,853
$11,823
+144%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$289,972
$68,870
-76%
Investments
$4,704,974
$15,634,040
+232%
Property, Plant, & Equipment (net)
$308,788
$228,052
-26%
Other Assets
$64,326
$393,982
+512%
Total Assets
$26,997,979
$28,387,864
+5%
Liabilities
2022
2023
Change
Payables & Accruals
$560,791
$671,271
+20%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$35,829
$393,982
+1000%
Total Liabilities
$596,620
$1,065,253
+79%
Net assets
2022
2023
Change
Restricted Net Assets
$16,945,812
$17,570,797
+4%
Unrestricted Net Assets
$9,455,547
$9,751,814
+3%
Net assets
2022
2023
Change
Net assets
+$26,401,359
+$27,322,611
+3%
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