powered by GuideStar

Time Dollar Institute, Inc.

Also Known As: TBUSA

5500 39th St NW
Washington, DC 20015

www.timebanks.org

Mission and Programs

Mission

To expand a movement that (a) develops, supports, and promotes a network of Time Banks TM that rebuild community and (b) reforms economic and social systems, policies, and practices so that they empower human beings to contribute to the well-being of each other through reciprocity.

Programs

TBUSA has two main areas of activity. One is to support the national and international spread of Time Banking and Co-Production through training, assistance and technical support to Time Banks created by community groups, non-profits, agencies, faith-based organizations, and individuals. It disseminates the core values and strategies of Time Banking through academic institutions and public forums, reaching a wide audience of community leaders, policy makers and change agents. Independent Time Banking initiatives address issues as diverse as community development, elder-care, juvenile justice, childcare, education, family preservation and wrap-around services, health care, homelessness and individual case management. The second area of activity is the Time Dollar Youth Court in Washington, DC, a diversion program for youth that puts the core values of Time Banking into practice by requiring youth who have been arrested for the first time for misdemeanors to serve as jurors as part of their sentence. In 2007, over 1,500 youth were referred to the Time Dollar Youth Court. More information can be found on our website at http://www.timebanks.org.

Additional Comments from the Organization

Time Banking brings a unique economic perspective to the rekindling of community. It honors and values as genuine work the contributions of all and regenerates a sense of hope and possibility.

Who We Are

TimeBanks USA promotes and supports the use of Time Banking and Co-Production to reweave community and to foster social and systems change.

NTEE Code

Goals and Results


Accomplishments for Fiscal Year Ending December 31, 2007

  1. "Time Banking in Action" Time Banking Conference in Madison, WI, drew 240 + participants from 30 states and 12 countries.
  2. Made major progress on establishing all parts of the Time Banking network infrastructure as called for by the strategic plan, including a new sustaining Board, streamlined membership processes, and the formation of a "Super Time Bank" as a Time Bank of Time Banks.
  3. Finalized an upgraded version of the Time Banking COMMUNITY WEAVER software, which includes new coordinator-friendy features, in Nov 2007.

Objectives for Fiscal Year Beginning January 1, 2008

  1. Complete setting up the Time Banking network infrastructure called for by the strategic plan, including partnerships with national organizations and train-the-trainer programs operating nationally.
  2. Establish Time Banking "affinity groups" for special uses of Time Banking such as faith-based communities, services for youth and families and prisoner re-entry.
  3. A major CareBank pilot that will demonstrate a new approach to engaging older adults and providing them with an assurance of informal care when needed.

Self Assessment

Training and Technical Assistance: Self-assessment strategies include feedback and evaluations from member Time Banks and recipients of training and technical assistance, the development of a culture of mutual critique and self-assessment by trainers, and the use of member organization focus groups to evaluate and improve technical assistance. *** Dissemination of Core Values and Strategies: Self-assessment strategies include audience and organizational feedback, as well as formal evaluations from class participants. *** Developing Time Banking Models and Approaches: Self-assessment strategies include measurement by quantitative indicators (such as number of members, growth rate of membership, and activity levels), and the development and use of a survey instrument to demonstrate the effect of Time Banking on sense of well-being and community.

Chief Executive Profile

Dr. Edgar Cahn is the originator of Time Dollars and Time Banking, creator of Co-Production as a systems change framework for social welfare, and the Founder and Chairman of the Board of TimeBanks USA. In his distinguished career as an agent of change, Edgar co-founded of the National Legal Services Program and Co-Founded the Antioch School of Law (now the David A. Clarke-UDC School of Law), the first law school in the country to create a clinical law program. He is a Distinguished Professor of Law, and author of No More Throw-Away People: The Co-Production Imperative, and of Priceless Money: Banking Time for Changing Times. Most recently, he has led the development of CareBanks as a new, social-venture model of Time Banking.

Financial Data

Revenues and Expenses: Fiscal Year Ending December 31, 2007

Revenue
Contributions $583,805
Government Grants $261,558
Program Services $12,265
Investments $361
Special Events $0
Sales $0
Other $11,362
Total Revenue $869,351
Expenses
Program Services $770,287
Administration $81,453
Other $34,369
Total Expenditures $886,109
Net Gain/Loss ($16,758)

Balance Sheet: Fiscal Year Ending December 31, 2007

Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

  January 1, 2007 December 31, 2007 Change
Assets      
Cash & Equivalent $8,539 $115,578 $107,039
Accounts Receivable $99,674 $14,525 ($85,149)
Pledges & Grants Receivable $130,665 $32,184 ($98,481)
Receivables/Other $0 $0 $0
Inventories for Sale or Use $0 $0 $0
Investments/Securities $0 $0 $0
Investments/Other $0 $0 $0
Fixed Assets $404,745 $459,731 $54,986
Other $7,358 $11,050 $3,692
Total Assets $650,981 $633,068 ($17,913)
Liabilities      
Accounts Payable $16,207 $29,632 $13,425
Grants Payable $0 $0 $0
Deferred Revenue $0 $5,187 $5,187
Loans and Notes $20,786 $1,019 ($19,767)
Tax-Exempt Bond Liabilities $0 $0 $0
Other $0 $0 $0
Total Liabilities $36,993 $35,838 ($1,155)
Fund Balance $613,988 $597,230 ($16,758)

Financial Comments from the Organization

TBUSA receives funding through foundation, government and corporate grants and also accepts contributions from individuals. Support for Time Banking has come from individual donors and major foundations, including the Anne E. Casey Foundation, the Ford Foundation, the Robert Wood Johnson Foundation, the Surdna Foundation, and others. TBUSA uses standard accounting procedures and policies, and all expenditures are approved by the Chief Operating Officer. TBUSA's accountant is responsible for maintaining accurate and up-to-date records, and she consults with the ED on a bi-weekly basis to approve payments and review expenditures. A yearly review/audit is performed by a Bethesda CPA firm and is available upon request.

Basic Information