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Nonprofiteer
← CHATTANOOGA TECHNOLOGY COUNCIL

Form 990 for tax year 2023

Filed by CHATTANOOGA TECHNOLOGY COUNCIL.

Totals

Total revenue
$240,447
Total expenses
$250,434
Contributions and grants received
$133,429
Grants paid
$0
Program service revenue
$98,708
Investment income
$0
Other revenue
$8,310
Total assets, end of year
$36,618
Total liabilities, end of year
$5,810
Net assets or fund balances, end of year
$30,808
Program services expenses (Part IX)
$195,038
Management and general expenses
$45,467
Fundraising expenses
$9,929
Program service expenses (Part III)
$195,038

Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $12,625

  • 1f · All other contributions, gifts and grants

    $120,804

  • 2a · Program service revenue: OTHER PROGRAM REVENUE

    total $98,708 · related or exempt $98,708

  • 8a · Fundraising events: gross income

    $44,000

  • 8b · Fundraising events: direct expenses

    $35,958

  • 8c · Net income from fundraising events

    total $8,042 · excluded $8,042

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $268 · related or exempt $268

  • 11e · Other revenue, total

    $268

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $169,311 · program services $135,448 · management and general $25,397 · fundraising $8,466

  • 11g · Fees: other

    total $3,591 · management and general $3,591

  • 12 · Advertising and promotion

    total $3,936 · program services $1,312 · management and general $1,312 · fundraising $1,312

  • 13 · Office expenses

    total $7,967 · program services $1,195 · management and general $6,772

  • 14 · Information technology

    total $619 · management and general $619

  • 17 · Travel

    total $4,383 · program services $4,383

  • 22 · Depreciation, depletion and amortization

    total $1,510 · program services $755 · management and general $604 · fundraising $151

  • 24a · Other expenses: OTHER EXPENSES

    total $59,117 · program services $51,945 · management and general $7,172

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,389 · end of year $33,185

  • 14 · Intangible assets

    beginning of year $2,782 · end of year $3,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,102

  • 18 · Grants payable

    beginning of year $4,994 · end of year $5,810

  • 27 · Net assets without donor restrictions

    beginning of year $49,075 · end of year $30,808

Mission and programs · 2023

Mission

OUR MISSION IS TO CONNECT CHATTANOOGA'S TECHNOLOGY SECTOR TO DRIVE REGIONAL ECONOMIC GROWTH.

Activities or mission (Part I)

OUR MISSION IS TO CONNECT CHATTANOOGA'S TECHNOLOGY SECTOR TO HELP DRIVE ECONOMIC GROWTH ACROSS THE REGION.

  • THE CHATTANOOGA TECHNOLOGY COUNCIL PROMOTES THE GROWTH OF TECHNOLOGY IN BUSINESS AND EDUCATION THROUGHOUT THE GREATER CHATTANOOGA AREA. MEMBERSHIP IS OPEN TO COMPANIES SUPPORTING THIS GROWTH.

    Expenses $195,038 · Revenue $98,976

As filed on the 2023 return.

Listed in Part VII

  • Brad Alsobrooks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tammy Bramlett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chantee Boykin

    COMMITTEE CHAIR - CHATECH WOMEN

    Total calculated
    $0
    Hours/week
    1

  • James Dean

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Drew Ellis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vicki Farnsworth

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Wes Floyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ashliehg Jenkins-Dieckhaus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alex Herweyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • April Holloway

    EVENTS COMMITTEE CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Z Hutcherson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eric Keeton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniela Lacelle

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tre Powell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Wood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Austin Corcoran

    EXECUTIVE DIRECTOR

    Total calculated
    $87,338
    From this org
    $43,669
    From related orgs
    $0
    Other
    $43,669
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423179349306482

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