Nonprofit · EIN 92-1753364
FRIENDS OF TIMA INC
Tax-exempt · TYBEE ISLAND, GA 31328
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $48,184 | $30,404 | $17,780 | $608,680 | $500 | $608,180 |
| June 30, 2024 | 990 | $90,400 | $0 | $90,400 | $590,400 | $0 | $590,400 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $48,184
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $29,904
- Program services (functional)
- $30,404
Balance sheet and other
- Total assets, start of year
- $590,400
- Total assets, end of year
- $608,680
- Total liabilities, end of year
- $500
- Net assets, end of year
- $608,180
- Land, buildings and equipment
- $470,096
- Net assets without donor restrictions
- $608,180
- Gross receipts
- $48,184
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2022
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Solomon | President Trustee or director, Officer | 1 | $0 |
| Brigitte VanBaelen | Vice Chair Trustee or director, Officer | 1 | $0 |
| Cara Cole | Treasurer Trustee or director, Officer | 1 | $0 |
| Rachel Davies | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Solomon | President Trustee or director, Officer | 1 | $0 |
| Rachel Davies | Secretary Trustee or director, Officer | 1 | $0 |
| Cara Cole | Treasurer Trustee or director, Officer | 1 | $0 |
| Brigitte VanBaelen | Dir & TIMA Board Liason Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 714 LOVELL AVE, TYBEE ISLAND, GA 31328-9504
- In care of
- % BRIGITTE VANBAELEN
- Principal officer (990 for 2024)
- Laura Solomon, 714 Lovell Avenue, Tybee Island, GA 31328
- Signed the 990
- LAURA SOLOMON, President
- Phone
- (757) 971-2434
- Return prepared by
- Mauldin & Jenkins LLC
Mission
Friends of TIMA, Inc. is a supporting public charity created exclusively for the benefit of Tybee Island Charter School Inc. doing business as (dba) Tybee Island Maritime Academy (TIMA), a 501(c)(3) public charity. (Continued at Schedule O).Friends of TIMA, Inc. assists TIMA through fundraising and fund management; by making grants, gifts, and other distributions to TIMA; and by engaging in other activities that further and support TIMA's charitable purposes.
Program accomplishments
- To support Tybee Island Maritime Academy and hold assets for the school's benefit.Expenses $30,404
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-1753364
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $608,680
- Income (IRS master file)
- $48,184
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $48,184 | $30,404 | $608,680 | XML |
| 990 | June 2024 | $90,400 | $0 | $590,400 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-1753364).
Questions about FRIENDS OF TIMA INC
- What is the EIN of FRIENDS OF TIMA INC?
- The employer identification number (EIN) of FRIENDS OF TIMA INC is 92-1753364.
- Is FRIENDS OF TIMA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FRIENDS OF TIMA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FRIENDS OF TIMA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF TIMA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF TIMA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF TIMA INC?
- The 990 for the year ended June 30, 2025 names Laura Solomon.
- Who are the officers and directors of FRIENDS OF TIMA INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF TIMA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $48,184, expenses of $30,404 and total assets of $608,680 at year end.
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