Tim Tebow Foundation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/1/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

The Tim Tebow Foundation exists to bring Faith, Hope and Love to those needing a brighter day in their darkest hour of need. The Foundation utilizes the public platform that God has blessed Tim Tebow with to inspire and make a difference in people's lives throughout the world. Their ministries include special needs ministry, orphan care and prevention, children with profound medical needs, and anti-human trafficking.


Contact information

Mailing address:
Tim Tebow Foundation
2220 County Road 210 W
Suite 108, PMB 317
Jacksonville, FL 32259

Website: timtebowfoundation.org

Phone:

Email: info@timtebowfoundation.org


Organization details

EIN: 274345913

CEO/President: Steve Biondo

Chairman: Tim Tebow

Board size: 5

Founder: Tim Tebow

Year founded: 2016

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2018


Purpose

The Christian faith is about loving Jesus and loving people, and that is what we are trying to do with this foundation and all of our outreaches. Whether it is spending a weekend encouraging a child with a life threatening illness through a W15H, helping a family adopt an international child with special needs, crowning kings and queens of the prom, or by showing God's love through our four other outreaches, our goal is to let people know that God loves them and that they are worthy.


Mission statement

To bring Faith, Hope and Love to those needing a brighter day in their darkest hour of need.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating741 of 85735 of 47
Fund acquisition rating646 of 85737 of 47
Resource allocation rating568 of 85722 of 47
Asset utilization rating682 of 85736 of 47

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%9%9%8%6%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%9%9%8%6%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
96%101%100%101%101%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%12%10%9%13%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
4%-1%0%-1%-1%-1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%82%83%83%79%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
91%79%91%90%44%100%
Program output ratio Program output ratio =
Program services /
Total revenue
78%65%76%75%35%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
9%21%9%10%56%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%12%5%5%47%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%6%7%7%8%7%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.220.450.520.420.370.63
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.641.641.871.932.065.94
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.320.740.970.800.753.76
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.9829.4149.0141.1844.325.69
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.030.020.020.020.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.1015.6112.0814.5615.552.63
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%2%1%1%1%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
70%217%191%238%270%153%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,372,649$868,851$1,126,575$622,209$886,294
Receivables, inventories, prepaids$355,143$291,767$763,310$699,086$112,673
Short-term investments$7,129,995$5,350,881$4,240,280$4,072,365$0
Other current assets$0$0$0$0$0
Total current assets$8,857,787$6,511,499$6,130,165$5,393,660$998,967
Long-term investments$0$0$0$0$4,847,515
Fixed assets$5,711,225$5,695,968$5,729,614$5,723,149$85,466
Other long-term assets$0$0$0$0$0
Total long-term assets$5,711,225$5,695,968$5,729,614$5,723,149$4,932,981
Total assets$14,569,012$12,207,467$11,859,779$11,116,809$5,931,948
 
Liabilities20192018201720162015
Payables and accrued expenses$301,143$132,874$148,877$121,687$175,518
Other current liabilities$0$0$0$0$0
Total current liabilities$301,143$132,874$148,877$121,687$175,518
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$301,143$132,874$148,877$121,687$175,518
 
Net assets20192018201720162015
Unrestricted$0$12,074,593$11,710,902$10,978,967$5,284,644
Temporarily restricted$0$0$0$16,155$471,786
Permanently restricted$0$0$0$0$0
Net assets$14,267,869$12,074,593$11,710,902$10,995,122$5,756,430
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$8,395,553$6,947,490$5,524,133$9,269,902$3,790,761
Program service revenue$0$0$0$0$0
Membership dues$6,575$9,086$0$19,433$0
Investment income$251,722$114,688$134,701$66,405$118,633
Other revenue($315,477)($147,191)($165,491)($172,732)($146,666)
Total other revenue($57,180)($23,417)($30,790)($86,894)($28,033)
Total revenue$8,338,373$6,924,073$5,493,343$9,183,008$3,762,728
 
Expenses20192018201720162015
Program services$5,395,755$5,240,858$4,100,069$3,207,421$3,019,318
Management and general$417,002$466,348$365,877$340,900$281,015
Fundraising$764,525$627,967$464,564$520,518$459,015
Total expenses$6,577,282$6,335,173$4,930,510$4,068,839$3,759,348
 
Change in net assets20192018201720162015
Surplus (deficit)$1,761,091$588,900$562,833$5,114,169$3,380
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,761,091$588,900$562,833$5,114,169$3,380

Compensation

NameTitleCompensation
Steve BiondoPresident$255,293
John CarterVP of Finance$104,567

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/1/2021. To update the information below, please email: info@ministrywatch.com


History

My early years were spent in the Philippines where my parents served as missionaries. My experiences there and the training from my parents who instilled in me the importance of God's word, the salvation that we have in His Son Jesus, and the responsibility that we have to give back to others, gave me a desire to make a difference in people's lives.

At the age of 15, I visited a remote village that had never seen visitors. There I met a boy named Sherwin who would impact my life more than anyone I have ever met. Sherwin was born with his feet on backwards and was viewed as "cursed" in his village. When the people saw me hold Sherwin, they realized that the good news of Jesus Christ applies to everyone. It was then that my passion grew to help people. That's why in 2010, I was so excited to create the Tim Tebow Foundation with a mission to bring Faith, Hope and Love to those needing a brighter day in their darkest hour of need.

The Christian faith is about loving Jesus and loving people, and that is what we are trying to do with this foundation and all of our outreaches. Whether it is spending a weekend encouraging a child with a life threatening illness through a W15H, helping a family adopt an international child with special needs, crowning kings and queens of the prom, or by showing God's love through our four other outreaches, our goal is to let people know that God loves them and that they are worthy.

We would not be able to accomplish our mission without God's blessings and the support of our generous donors and partners.


Program accomplishments


Needs