Tim Tebow Foundation 
The information on this page was last updated 12/28/2022. If you see errors or omissions, please email: [email protected]
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: [email protected]
Organization details
EIN: 274345913
CEO/President: Steve Biondo
Chairman: Tim Tebow
Board size: 5
Founder: Tim Tebow
Ruling year: 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
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 836 of 1076 | 29 of 45 |
| Fund acquisition rating | | 726 of 1077 | 30 of 45 |
| Resource allocation rating | | 530 of 1077 | 19 of 45 |
| Asset utilization rating | | 905 of 1076 | 33 of 45 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 9% | 9% | 9% | 8% | 6% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 9% | 9% | 9% | 8% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 99% | 101% | 100% | 101% | 101% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 11% | 12% | 10% | 9% | 13% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 1% | -1% | 0% | -1% | -1% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 83% | 82% | 83% | 83% | 79% |
Spending ratio Spending ratio = Total expenses / Total revenue | 89% | 79% | 79% | 91% | 90% | 44% |
Program output ratio Program output ratio = Program services / Total revenue | 72% | 65% | 65% | 76% | 75% | 35% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 11% | 21% | 21% | 9% | 10% | 56% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 12% | 13% | 12% | 5% | 5% | 47% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 6% | 6% | 7% | 7% | 8% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.00 | 0.47 | 0.45 | 0.52 | 0.42 | 0.37 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.45 | 1.52 | 1.64 | 1.87 | 1.93 | 2.06 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.08 | 0.72 | 0.74 | 0.97 | 0.80 | 0.75 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.93 | 41.28 | 29.41 | 49.01 | 41.18 | 44.32 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.38 | 16.37 | 15.61 | 12.08 | 14.56 | 15.55 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 3% | 2% | 1% | 1% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 2% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 85% | 206% | 217% | 191% | 238% | 270% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $3,118,133 | $1,372,649 | $868,851 | $1,126,575 | $622,209 |
| Receivables, inventories, prepaids | $255,855 | $355,143 | $291,767 | $763,310 | $699,086 |
| Short-term investments | $7,974,455 | $7,129,995 | $5,350,881 | $4,240,280 | $4,072,365 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $11,348,443 | $8,857,787 | $6,511,499 | $6,130,165 | $5,393,660 |
| Long-term investments | $247,645 | $0 | $0 | $0 | $0 |
| Fixed assets | $5,705,069 | $5,711,225 | $5,695,968 | $5,729,614 | $5,723,149 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $5,952,714 | $5,711,225 | $5,695,968 | $5,729,614 | $5,723,149 |
| Total assets | $17,301,157 | $14,569,012 | $12,207,467 | $11,859,779 | $11,116,809 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $274,918 | $301,143 | $132,874 | $148,877 | $121,687 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $274,918 | $301,143 | $132,874 | $148,877 | $121,687 |
| Debt | $278,200 | $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 | $278,200 | $0 | $0 | $0 | $0 |
| Total liabilities | $553,118 | $301,143 | $132,874 | $148,877 | $121,687 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $15,674,419 | $14,267,869 | $12,074,593 | $11,710,902 | $10,978,967 |
| With donor restrictions | $1,073,620 | $0 | $0 | $0 | $16,155 |
| Net assets | $16,748,039 | $14,267,869 | $12,074,593 | $11,710,902 | $10,995,122 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $10,228,521 | $8,395,553 | $6,947,490 | $5,524,133 | $9,269,902 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $5,182 | $6,575 | $9,086 | $0 | $19,433 |
| Investment income | $162,083 | $251,722 | $114,688 | $134,701 | $66,405 |
| Other revenue | ($64,900) | ($315,477) | ($147,191) | ($165,491) | ($172,732) |
| Total other revenue | $102,365 | ($57,180) | ($23,417) | ($30,790) | ($86,894) |
| Total revenue | $10,330,886 | $8,338,373 | $6,924,073 | $5,493,343 | $9,183,008 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $6,737,135 | $5,395,755 | $5,240,858 | $4,100,069 | $3,207,421 |
| Management and general | $466,792 | $417,002 | $466,348 | $365,877 | $340,900 |
| Fundraising | $912,898 | $764,525 | $627,967 | $464,564 | $520,518 |
| Total expenses | $8,116,825 | $6,577,282 | $6,335,173 | $4,930,510 | $4,068,839 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $2,214,061 | $1,761,091 | $588,900 | $562,833 | $5,114,169 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,214,061 | $1,761,091 | $588,900 | $562,833 | $5,114,169 |
Compensation
| Name | Title | Compensation |
| Steve Biondo | President | $237,975 |
| John Carter | VP of Finance | $100,786 |
Compensation data as of: 12/31/2020
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 12/28/2022. To update the information below, please email: [email protected]
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.