TIME DOLLAR INSTITUTE INC: Form 990EZ, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- TIME DOLLAR INSTITUTE INC (EIN 52-1950242)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-01
- IRS object ID
- 202203059349201030
- Schema version
- 2021v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-01T09:20:46-07:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 421585901 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NANETTE K MILLER CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2450 VIRGINIA AVE NW E309 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20037 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521950242 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIME DOLLAR INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TIME | BusinessNameControlTxt |
| Phone | 9809393555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 42122 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20015 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTA WYATT | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9809393555 | PhoneNum |
| Signature | 2022-02-21 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KRISTA | PersonFirstNm |
| Person Last | WYATT | PersonLastNm |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NAN MILLER CPA | PreparerPersonNm |
| PTIN | P00620061 | PTIN |
| Phone | 2024637600 | PhoneNum |
| Preparation | 2022-11-01 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Website Address | https://timebanks.org/ | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $153,674 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $153,673 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $0 | ProgramServiceRevenueAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Investment Income | $1 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Gain Or Loss From Sale Of Assets | $0 | GainOrLossFromSaleOfAssetsAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $0 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Loss Sls Of Invntry | $0 | GrossProfitLossSlsOfInvntryAmt |
| Total Revenue | $153,674 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $124,554 | SalariesOtherCompEmplBnftAmt |
| Printing Publications Postage | $1,840 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $39,973 | OtherExpensesTotalAmt |
| Total Expenses | $166,367 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$12,693 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | -$6,354 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$19,047 | NetAssetsOrFundBalancesEOYAmt |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,996 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,830 | BOYAmt |
| EOY | $1,730 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $100 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,830 | BOYAmt |
| EOY | $3,826 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,184 | BOYAmt |
| EOY | $22,873 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$6,354 | BOYAmt |
| EOY | -$19,047 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | TO PROMOTE SOCIAL DEVELOPMENT BY USING A COMMUNITY BASED EXCHANGE SYSTEM. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | PROGRAMS AND PROJECTS - DEVELOPED AND INSTITUTED TIME DOLLARMODELS FOR INTEGRATION IN SITES NATIONWIDE. ACTIVITIES INCLUDE:PEER LEARNING EXCHANGES; PRESENTATIONS; NETWORKS; KEYNOTE SPEECHES; (CONTINUED) | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $0 | GrantsAndAllocationsAmt |
| Program Service Expenses | $149,730 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $149,730 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (9 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| EDGAR S CAHN | ||||
| CEO AND CHAIRMAN | 20.00 | $0 | $0 | $0 |
| CHRISTINE GRAY | ||||
| DIRECTOR | 20.00 | $0 | $0 | $0 |
| MARK MCDONOUGH | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| KATHY PERLOW | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| ARTIKA TYNER | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| SHERYL WALTON | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| POLLY WEISSENER | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| HUSSAIN RIZVI | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| KRISTA WYATT | ||||
| EXECUTIVE DIRECTOR | 40.00 | $60,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | Yes (true) | MadeLoansToFromOfficersInd |
| Loans To From Officers | $3,739 | LoansToFromOfficersAmt |
| Initiation Fees And Cap Contri | $0 | InitiationFeesAndCapContriAmt |
| Gross Receipts For Public Use | $0 | GrossReceiptsForPublicUseAmt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTA WYATT | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 304 | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9809393555 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Other Employee Paid Over100k | 0 | OtherEmployeePaidOver100kCnt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
| Other Support Sum | $0 | OtherSupportSumAmt |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $85,831 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $110,252 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $137,355 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $151,035 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $153,673 | CurrentTaxYearAmt |
| Total | $638,146 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $85,831 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $110,252 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $137,355 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $151,035 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $153,673 | CurrentTaxYearAmt |
| Total | $638,146 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $357,366 | SubstantialContributorsTotAmt |
| Public Support Total170 | $280,780 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1 | CurrentTaxYearAmt |
| Total | $21 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $445 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Total | $445 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $638,612 | TotalSupportAmt |
| Public Support CY170 | 0.43970 | PublicSupportCY170Pct |
| Public Support PY170 | 0.47140 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Pt II Ln 10 | FormAndLineReferenceDesc |
| Explanation | Other Income Part II, Line 10 Description: HONORIA, REIMBURSEMENTS 2017: 0. 2018: 445. 2019: 0. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR EDGAR CAHN | PersonNm |
| Relationship With Org | CEO AND CHAIRMAN | RelationshipWithOrgTxt |
| Loan Purpose | OPERATING SUPPORT | LoanPurposeTxt |
| Loan To Organization | Yes (X) | LoanToOrganizationInd |
| Original Principal | $36,201 | OriginalPrincipalAmt |
| Balance Due | $3,739 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | false | BoardOrCommitteeApprovalInd |
| Written Agreement | false | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $3,739 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 11b | THE FORM 990 IS REVIEWED BY THE CHAIRMAN OF THE BOARD AND EXECUTIVE DIRECTOR PRIOR TO FILING. A COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD AT ANNUAL MEETING. |
| Pt VI, Line 12c | UPDATED VERBALLY ANNUALLY BY BOARD OF DIRECTORS. |
| Pt VI, Line 15a | CEO AND CHAIRMAN NON COMPENSATED. |
| Pt VI, Line 2 | DR. EDGAR CAHN AND CHRISTINE GRAY CAHN ARE MARRIED. |
| Pt VI, Line 8b | COMMITTEES OF THE BOARD OF DIRECTS PRESENT THEIR REPORTS VERBALLY TO THE BOARD OF DIRECTORS |
| Pt VI, Line 15b | COMPARED TO OTHER NONPROFITS OF EQUAL SIZE GIVEN EMPLOYEE RESPONSIBILITIES AND DUTIES. |
| Other | RS FORM 990, PAGE 2, PART III, SECTION 4a: WORKSHOPS AND TRAINING; DEVELOPMENT; MATERIAL AND WEBSITE DEVELOPMENT ACADEMIC COURSES AND CURRICULAE DEVELOPMENT; SITE SPECIFIC TECHNICAL ASSISTANCE; COACHING; RESEARCH AND DESIGN OF CO-PRODUCTION PRINCIPLES FOR APPLICATIONS IN SOCIAL SERVICES PROGRAMS. SEEDS OF CHANGE IN HONOR OF EDGAR CAHN TO SUPPORT TIMEBANK WITH PROGRAMS FOR THE LATINO COMMUNITY. |
| Form 990EZ, Part I, Line 16 | MANAGEMENT AND GENERAL 8955. |
| Form 990EZ, Part I, Line 16 | SOFTWARE COMPUTER 30444. |
| Form 990EZ, Part I, Line 16 | OUTREACH AND SUPPORT 574. |
| Form 990EZ, Part I, Line 16 | Depreciation 0. |
| Form 990EZ, Part I, Line 16 | Amortization 0. |