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Nonprofiteer
← CHATTANOOGA CHAMBER FOUNDATION

Form 990 for tax year 2024

Filed by CHATTANOOGA CHAMBER FOUNDATION.

Totals

Total revenue
$10,364,287
Total expenses
$8,520,005
Contributions and grants received
$8,444,085
Grants paid
$0
Program services expenses (Part IX)
$7,365,521
Management and general expenses
$818,796
Fundraising expenses
$335,688
Program service expenses (Part III)
$7,365,521

Program services were 86.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES WOOD

    PRESIDENT/CEO

    Total calculated
    $491,422
    From this org
    $228,483
    From related orgs
    $76,799
    Other
    $186,140
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $174,336 + $58,750 related
    Bonus
    $53,888 + $17,963 related
    Other
    $259 + $86 related
    Deferred
    $172,603 + $13,537 related
    Nontaxable benefits
    $0
    Filer's total
    $401,086 + $90,336 related

  • KATHERINE RANDOLPH

    EXECUTIVE DIRECTOR (2.0)

    Total calculated
    $188,512
    From this org
    $171,422
    From related orgs
    $0
    Other
    $17,090
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,900
    Bonus
    $0
    Other
    $522
    Deferred
    $17,090
    Nontaxable benefits
    $0
    Filer's total
    $188,512

  • ADAM MYERS

    VICE PRESIDENT

    Total calculated
    $141,090
    From this org
    $128,025
    From related orgs
    $0
    Other
    $13,065
    Hours/week
    40

  • YOLONDA HAYSLETT

    V/P FINANCE &ADMINISTRATION

    Total calculated
    $132,670
    From this org
    $72,203
    From related orgs
    $48,045
    Other
    $12,422
    Hours/week
    24 + 16 related

  • LORNE STEEDLY

    VICE PRESIDENT

    Total calculated
    $112,594
    From this org
    $102,199
    From related orgs
    $0
    Other
    $10,395
    Hours/week
    40

  • JAY DALE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRAD COBB

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • PAUL LEATH

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA ASHFORD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DALYA QUALLS-WHITE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHRIS COSBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RYAN KEEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT ROYAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PART I, LINE 1A. THE ORGANIZATION PROVIDES FIRST CLASS OR CHARTER TRAVEL IN CONNECTION WITH THE REQUIREMENTS OF THE CEO TO OCCASIONALLY TRAVEL ON ORGANIZATINO BUSINESS AND PROVIDES SOCIAL OR HEALTH CLUB DUES AS A WAY TO FACILITATE CONNECTION OF THE CEO TO OTHER LEADERS IN THE COMMUNITY.
PART I, LINE 7
THE BOARD SETS STRATEGIC GOALS FOR THE ORGANIZATION AND REWARDS MANAGEMENT FOR MEETING BENCHMARKS TO ACHIEVE THOSE GOALS. THE GOALS AND POTENTIAL REWARDS ARE SPECIFIED IN THE EXECUTIVE DIRECTOR'S EMPLOYMENT CONTRACT AND ARE ANNUALLY EVALUATED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349307016

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