TIMES2
TIMES2 reported $14.4 million in revenue and $14.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.82 went to program services, $6.18 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 89.5% of the total. Government grants made up 7.7%. The highest compensation it reported for one person was $172,808 (EXECUTIVE DIRECTOR). 2 people received more than $100,000 in reportable compensation. Revenue rose 18% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 7.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 89.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $172,808 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.18% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseK-12 elementary and secondary school: times2 academy for engineering, mathematics, science and technology is to develop intellectually curious and capable young people who are selfless contributors to both local and global communities and who aspire to be ethical and compassionate leaders. Through a rigorous and innovative academic program in math, science, and technology, in combination with the liberal arts, times academy affords its diverse student population those experiences, skills, and values that will prepare them for purposeful contributions in higher education and STEM-related fields
Enrichment & sports: offer (not for credit) programs outside the traditional academics and various jv/varsity athletic teams. Programs include the following: community boating, brother 2 brother, mr. Deep positivity, kiwi kids, drivers education, book club, chess club and drama club. Teams include the following: soccer, basketball, volleyball, baseball, softball, track and tennis
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $158,418 | $0 | $14,390 | $172,808 |
| CHIEF ACADEMIC OFFICER/K-12 PRINCIPAL Officer, 40.00 hrs/week | $123,059 | $0 | $0 | $123,059 |
| DIRECTOR OF FINANCE (TO 12/24) Officer, 40.00 hrs/week | $43,112 | $0 | $0 | $43,112 |
2 people received more than $100,000 in reportable compensation from TIMES2 (Part VII, line 2). Compensation of current officers, directors and key employees totaled $417K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 556
- Volunteers Part I, line 69
Private foundation grants it received
1 private foundation reported grants to TIMES2 totaling $83 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from TIMES2's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for TIMES2, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 TIMES2 spent in FY2025, $93.82 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Green Street AcademyBaltimore, MD · revenue $14M · programs 89.5% · FY2025
- Center for Academic SuccessSierra Vista, AZ · revenue $14M · programs 87.2% · FY2025
- Orange County Educational Arts AcademySanta Ana, CA · revenue $14M · programs 81.0% · FY2025
- The Seaside SchoolSanta Rosa Beach, FL · revenue $14M · programs 96.0% · FY2025
- Unity Classical Charter School a Challenge Foundation AcademyCharlotte, NC · revenue $14M · programs 60.8% · FY2025
Questions people ask
How much of TIMES2's spending goes to programs?
In the fiscal year ending June 30, 2025, TIMES2 reported that 93.8% of its $14.6 million in expenses went to program services, 6.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does TIMES2 pay its top executive?
The largest total compensation TIMES2 reported for one person in the fiscal year ending June 30, 2025 was $172,808, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does TIMES2 get its money?
Of $14.4 million in revenue in the fiscal year ending June 30, 2025, 7.9% came from contributions and grants (including 7.7% from government grants) and 89.5% from program service revenue (Form 990, Part VIII).
Is TIMES2 a registered charity?
The IRS lists EIN 22-2513598 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349305075 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521329349304357 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349313530 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321289349301137 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349312118 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141379349308534 · read the filing
All filings for EIN 22-2513598: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.