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St Timothy's School

Raleigh, NC · EIN 56-0754499 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

St Timothy's School reported $11.7 million in revenue and $11.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.55 went to program services, $12.75 to management and general costs and $4.70 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.0% of the total. The highest compensation it reported for one person was $372,949 (HEAD OF SCHOOL). 4 people received more than $100,000 in reportable compensation. Revenue rose 52% 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 $11M

For 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 $12M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
82.6%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
12.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
4.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.79$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
5.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
91.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$372,949$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.30%1.28%
People paid over $100,000
Part VII, line 2
48
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
11.013.3
Independent voting board members
Part VI 1a–1b
15 of 15100.0%

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 expense
$9.3M expenses · 100.0% of program spending · grants $25,100 · revenue $11M

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

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
HEAD OF SCHOOL
Officer, 40.00 hrs/week
$349,677$0$23,272$372,949
ASSOCIATE HEAD OF SCHOOL
Key employee, 40.00 hrs/week
$163,713$0$16,246$179,959
DIRECTOR OF FINANCE
Officer, 40.00 hrs/week
$150,432$0$19,821$170,253
HEAD OF LOWER SCHOOL
Highest compensated employee, 40.00 hrs/week
$114,305$0$12,324$126,629

4 people received more than $100,000 in reportable compensation from St Timothy's School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $582K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$12M$11M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$12M$11M82.6%$10M$372,949
FY2024 ⓘ$12M$11M83.1%$10.0M$302,341
FY2023 ⓘ$11M$9.8M82.2%$9.0M$287,403
FY2022 ⓘ$9.7M$9.2M81.3%$8.2M$313,365
FY2021 ⓘ$9.4M$8.3M82.5%$7.7M$287,207
FY2020 ⓘ$7.7M$7.4M79.9%$6.6M$263,827

Governance 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–1b15 · 15 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 14bYes
  • Employees Part I, line 5182
  • Volunteers Part I, line 6200

Private foundation grants it received

6 private foundations reported grants to St Timothy's School totaling $9,645 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 St Timothy's School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for St Timothy's School, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in North Carolina

Questions people ask

How much of St Timothy's School's spending goes to programs?

In the fiscal year ending June 30, 2025, St Timothy's School reported that 82.6% of its $11.3 million in expenses went to program services, 12.8% to management and general and 4.7% to fundraising (Form 990, Part IX).

How much does St Timothy's School pay its top executive?

The largest total compensation St Timothy's School reported for one person in the fiscal year ending June 30, 2025 was $372,949, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does St Timothy's School get its money?

Of $11.7 million in revenue in the fiscal year ending June 30, 2025, 5.7% came from contributions and grants and 91.0% from program service revenue (Form 990, Part VIII).

Is St Timothy's School a registered charity?

The IRS lists EIN 56-0754499 as a 501(c)(3) organization (school), 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 202533529349300923 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501209349300810 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440869349300849 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321239349300022 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241319349303329 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101329349302240 · read the filing

All filings for EIN 56-0754499: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.