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Nonprofiteer
← COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC.

Totals

Total revenue
$43,156,399
Total expenses
$26,150,391
Contributions and grants received
$26,354,518
Grants paid
$23,169,357
Program service revenue
$0
Investment income
$16,712,714
Other revenue
$89,167
Total assets, end of year
$209,491,622
Total liabilities, end of year
$6,487,543
Net assets or fund balances, end of year
$203,004,079
Program services expenses (Part IX)
$23,496,946
Management and general expenses
$2,419,484
Fundraising expenses
$233,961
Program service expenses (Part III)
$23,496,946

Program services were 89.9% 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.

  • 1e · Government grants (contributions)

    $131,192

  • 1f · All other contributions, gifts and grants

    $26,223,326

  • 1g · Noncash contributions included above

    $13,274,768

  • 3 · Investment income

    total $3,669,381 · unrelated business $68,792 · excluded $3,600,589

  • 7a · Gross sales of assets other than inventory

    securities $56,251,050

  • 7b · Less cost or other basis and sales expenses

    securities $43,207,717

  • 7c · Gain or loss

    securities $13,043,333

  • 7d · Net gain or loss

    total $13,043,333 · unrelated business -$30,492 · excluded $13,073,825

  • 11a · Other revenue: OTHER INCOME

    total $89,167 · related or exempt $89,167

  • 11e · Other revenue, total

    $89,167

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,290,450 · program services $22,290,450

  • 2 · Grants to domestic individuals

    total $878,907 · program services $878,907

  • 5 · Compensation of officers, directors and key employees

    total $198,931 · program services $49,733 · management and general $69,626 · fundraising $79,572

  • 7 · Other salaries and wages

    total $1,005,068 · program services $215,628 · management and general $672,684 · fundraising $116,756

  • 9 · Other employee benefits

    total $211,710 · program services $43,261 · management and general $143,691 · fundraising $24,758

  • 10 · Payroll taxes

    total $85,099 · program services $18,967 · management and general $53,257 · fundraising $12,875

  • 11b · Fees: legal

    total $35,595 · management and general $35,595

  • 11c · Fees: accounting

    total $27,000 · management and general $27,000

  • 11f · Fees: investment management

    total $957,268 · management and general $957,268

  • 11g · Fees: other

    total $29,067 · management and general $29,067

  • 12 · Advertising and promotion

    total $76,615 · management and general $76,615

  • 13 · Office expenses

    total $35,275 · management and general $35,275

  • 14 · Information technology

    total $97,542 · management and general $97,542

  • 16 · Occupancy

    total $24,653 · management and general $24,653

  • 17 · Travel

    total $14,514 · management and general $14,514

  • 19 · Conferences, conventions and meetings

    total $51,261 · management and general $51,261

  • 20 · Interest

    total $36,920 · management and general $36,920

  • 22 · Depreciation, depletion and amortization

    total $52,672 · management and general $52,672

  • 23 · Insurance

    total $16,006 · management and general $16,006

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $23,717 · management and general $23,717

  • 24b · Other expenses: EQUIPMENT MAINTENANCE

    total $11,854 · management and general $11,854

  • 24c · Other expenses: POSTAGE AND SHIPPING

    total $6,583 · management and general $6,583

  • 24d · Other expenses: MISCELLANEOUS

    total -$16,316 · management and general -$16,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,760 · end of year $225,799

  • 2 · Savings and temporary cash investments

    beginning of year $27,334,642 · end of year $34,421,819

  • 3 · Pledges and grants receivable

    beginning of year $21,765,748 · end of year $16,762,948

  • 10a · Land, buildings and equipment: cost or other basis

    $2,377,024

  • 10b · Land, buildings and equipment: accumulated depreciation

    $226,113

  • 10c · Land, buildings and equipment, net

    beginning of year $1,984,338 · end of year $2,150,911

  • 11 · Investments: publicly traded securities

    beginning of year $144,226,766 · end of year $120,736,517

  • 12 · Investments: other securities

    beginning of year $46,832,014 · end of year $35,167,274

  • 15 · Other assets

    beginning of year $141,032 · end of year $26,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $371,653 · end of year $620,826

  • 18 · Grants payable

    beginning of year $1,424,955 · end of year $399,158

  • 23 · Secured mortgages and notes payable

    beginning of year $980,674 · end of year $837,114

  • 25 · Other liabilities

    beginning of year $5,429,561 · end of year $4,630,445

  • 27 · Net assets without donor restrictions

    beginning of year $174,542,968 · end of year $152,643,473

  • 28 · Net assets with donor restrictions

    beginning of year $59,687,489 · end of year $50,360,606

Mission and programs · 2022

Mission

TO INSPIRE GIVING AND ENCOURAGE ACTION TO IMPROVE LIVES IN THE GREATER CHATTANOOGA AREA.

  • PROVIDING SCHOLARSHIPS AND FUNDS FOR AREA BEAUTIFICATION, DOWNTOWN DEVELOPMENT, HEALTH RELATED ISSUES, CIVIC AND CULTURAL IMPROVEMENTS, AND EDUCATIONAL AND HUMANITARIAN PROGRAMS.

    Expenses $23,496,946 · Grants $23,169,357

As filed on the 2022 return.

Listed in Part VII

  • CHARLIE BROCK

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BEN BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENE GEIGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIELA PETERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR RUTH LIU

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR SHEWANEE HOWARD-BAPTISTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREA HARDAWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR DAVE BHATTACHARYA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAY RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG WILLETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR LE ANDREA WARE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SKIP SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RONDELL CRIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERYL KEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LORIE RUNGE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DALLAS JOSEPH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANSLEY MOSES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MAEGHAN JONES

    PRESIDENT AND CEO

    Total calculated
    $230,780
    From this org
    $200,649
    From related orgs
    $0
    Other
    $30,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,649
    Bonus
    $0
    Other
    $0
    Deferred
    $20,065
    Nontaxable benefits
    $10,066
    Filer's total
    $230,780

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. 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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313189349310381

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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