Form 990 for tax year 2022
Filed by CHATTANOOGA-HAMILTON COUNTY PUBLIC EDUCATION FUND.
Totals
- Total revenue
- $2,845,428
- Total expenses
- $4,569,423
- Contributions and grants received
- $2,329,883
- Grants paid
- $771,466
- Program service revenue
- $69,763
- Investment income
- $439,976
- Other revenue
- $5,806
- Total assets, end of year
- $17,474,311
- Total liabilities, end of year
- $418,932
- Net assets or fund balances, end of year
- $17,055,379
- Program services expenses (Part IX)
- $3,548,982
- Management and general expenses
- $737,269
- Fundraising expenses
- $283,172
- Program service expenses (Part III)
- $3,548,982
Program services were 77.7% 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)
$899,205
-
1f · All other contributions, gifts and grants
$1,430,678
-
2a · Program service revenue: EDUCATIONAL SERVICES
total $69,763 · related or exempt $69,763
-
3 · Investment income
total $302,033 · unrelated business $11,129 · excluded $290,904
-
7a · Gross sales of assets other than inventory
securities $2,849,350
-
7b · Less cost or other basis and sales expenses
securities $2,711,407
-
7c · Gain or loss
securities $137,943
-
7d · Net gain or loss
total $137,943 · excluded $137,943
-
11a · Other revenue: OTHER INCOME
total $5,806 · related or exempt $5,806
-
11e · Other revenue, total
$5,806
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $335,291 · program services $335,291
-
2 · Grants to domestic individuals
total $436,175 · program services $436,175
-
5 · Compensation of officers, directors and key employees
total $428,912 · program services $107,228 · management and general $321,684
-
7 · Other salaries and wages
total $1,815,635 · program services $1,530,247 · management and general $127,206 · fundraising $158,182
-
8 · Pension plan contributions
total $108,039 · program services $91,222 · management and general $8,619 · fundraising $8,198
-
9 · Other employee benefits
total $343,706 · program services $301,747 · management and general $23,814 · fundraising $18,145
-
10 · Payroll taxes
total $178,387 · program services $143,960 · management and general $25,058 · fundraising $9,369
-
11b · Fees: legal
total $2,353 · program services $52 · management and general $2,301
-
11c · Fees: accounting
total $19,520 · management and general $19,520
-
11f · Fees: investment management
total $51,128 · management and general $51,128
-
11g · Fees: other
total $189,666 · program services $63,851 · management and general $68,990 · fundraising $56,825
-
13 · Office expenses
total $217,962 · program services $150,261 · management and general $48,287 · fundraising $19,414
-
16 · Occupancy
total $99,895 · program services $80,122 · management and general $12,847 · fundraising $6,926
-
17 · Travel
total $24,590 · program services $23,067 · management and general $1,523
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $285,332 · program services $259,230 · management and general $25,237 · fundraising $865
-
24b · Other expenses: COMMUNICATIONS AND PUBL
total $32,832 · program services $26,529 · management and general $1,055 · fundraising $5,248
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $165,277 · end of year $176,893
-
2 · Savings and temporary cash investments
beginning of year $1,051,017 · end of year $549,601
-
3 · Pledges and grants receivable
beginning of year $6,090,443 · end of year $302,386
-
9 · Prepaid expenses and deferred charges
beginning of year $35,260 · end of year $15,743
-
10a · Land, buildings and equipment: cost or other basis
$475,538
-
10b · Land, buildings and equipment: accumulated depreciation
$14,035
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $461,503
-
11 · Investments: publicly traded securities
beginning of year $1,940,228 · end of year $6,850,041
-
12 · Investments: other securities
beginning of year $8,936,266 · end of year $9,071,463
-
15 · Other assets
beginning of year $46,681 · end of year $46,681
-
17 · Accounts payable and accrued expenses
beginning of year $323,965 · end of year $418,932
-
27 · Net assets without donor restrictions
beginning of year $5,843,386 · end of year $6,673,760
-
28 · Net assets with donor restrictions
beginning of year $12,097,821 · end of year $10,381,619
Mission and programs · 2022
Mission
TO IMPROVE STUDENT ACHIEVEMENT IN PUBLIC SCHOOLS THROUGH HIGHLY EFFECTIVE TEACHING, STRONG LEADERSHIP, AND STRATEGIC PARTNERSHIPS SO THAT CHILDREN SUCCEED IN LEARNING AND IN LIFE.
Activities or mission (Part I)
TO IMPROVE STUDENT ACHIEVEMENT IN PUBLIC SCHOOLS
-
PROJECT INSPIRE - PROJECT INSPIRE IS A RIGOROUS TEACHER PREPARATION PROGRAM THAT BLENDS GRADUATE LEVEL COURSE WORK WITH A CLASSROOM APPRENTICESHIP AND ONE-ON-ONE COACHING WITH A HIGHLY EFFECTIVE TEACHER IN A HIGH-NEEDS CLASSROOM. OUR RESIDENTS COME FROM VARIOUS BACKGROUNDS WITH A FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, OR MATH. OUR TEACHER RESIDENCY PROGRAMS PROVIDE PRACTICAL LEARNING, HANDS-ON EXPERIENCE, AND A SUPPORT NETWORK TEACHERS NEED TO BE SUCESSFUL.
Expenses $1,074,212 · Grants $417,745
-
GATEWAY SCHOLARS (CAMS) - GATEWAY SCHOLARS IS A MENTORSHIP PROGRAM THAT PAIRS HIGH SCHOOL STUDENTS WITH COLLEGE ADVANCEMENT MENTORS (CAMS) WHO SUPPORT THE STUDENTS TO AND THROUGH COLLEGE SUCCESS. CAMS PROVIDE TAILORED SERVICES TO STUDENTS AS THEY TRANSITION TO COLLEGE, PROMOTING SELF-ADVOCACY, A GROWTH MINDSET, AND ACADEMIC, SOCIAL, AND EMOTIONAL LEARNING.
Expenses $798,969 · Grants $19,586
-
VW ELABS - THE VW ELABS PROGRAM HAS PLACED HIGH-TECH LEARNING LABS IN 35 HAMILTON COUNTY SCHOOLS TO DATE. THESE LABS PROVIDE UNIQUE OPPORTUNITIES FOR THE DEVELOPMENT AND IMPLEMENTATION OF PROBLEM-BASED LEARNING CURRICULA.
Expenses $488,842 · Grants $179,338
-
OTHER PROGRAM SERVICES - STEP-UP, BLUE SKY, STEM, INNOVATIVE EDUCATOR, CAMP COLLEGE AND OTHER PROGRAMS DESIGNED TO PROVIDE PROFESSIONAL DEVELOPMENT TO TEACHERS AND SCHOOL ADMINISTRATORS WITH A FOCUS ON IMPROVING STUDENT ACHIEVEMENT.
Expenses $1,186,959 · Grants $154,797 · Revenue $75,569
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John F GermJOHN F GERM
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Roger DicksonROGER DICKSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
H Grant Law JrH GRANT LAW JR
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Ashlie HendersonASHLIE HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacob PrestonJACOB PRESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Yancy FreemanDR YANCY FREEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd WomackTODD WOMACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan L LebovitzALAN L LEBOVITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sue Anne WellsDR SUE ANNE WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Fannie HewlettDR FANNIE HEWLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa IglesiasLISA IGLESIAS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ian LeavyIAN LEAVY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel D ChallenerDANIEL D CHALLENER
PRESIDENT
- Total calculated
- $283,973
- From this org
- $254,539
- From related orgs
- $0
- Other
- $29,434
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $244,323
- Bonus
- $10,216
- Other
- $0
- Deferred
- $18,324
- Nontaxable benefits
- $11,110
- Filer's total
- $283,973
-
Larry StoneLARRY STONE
CFO
- Total calculated
- $125,725
- From this org
- $109,953
- From related orgs
- $0
- Other
- $15,772
- Hours/week
- 45
-
Michael StoneMICHAEL STONE
VP AND PROGRAM DIRECTOR
- Total calculated
- $128,963
- From this org
- $106,685
- From related orgs
- $0
- Other
- $22,278
- Hours/week
- 40
-
Keith WhiteKEITH WHITE
VICE PRESIDENT
- Total calculated
- $129,118
- From this org
- $105,286
- From related orgs
- $0
- Other
- $23,832
- Hours/week
- 40
-
J Michelle CaldwellJ MICHELLE CALDWELL
PROGRAM DIRECTOR
- Total calculated
- $118,864
- From this org
- $102,895
- From related orgs
- $0
- Other
- $15,969
- 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. 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 · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- PART I, LINE 1A
- UNDER PRESIDENT'S CONTRACT, HE HAS A TRAVEL ALLOWANCE FOR FAMILY PURPOSES.
- PART I, LINE 3
- PEF REVIEWS FORM 990 OF OTHER LOCAL AND NATIONAL ORGANIZATIONS TO BENCHMARK COMPENSATION. THE EXECUTIVE COMMITTEE FUNCTIONS AS THE COMPENSATION COMMITTEE.
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
-
HAMILTON COUNTY DEPARTMENT OF EDUCATION-TECHNOLOGY ASSISTANCE
$179,339
TO FUND VW ELABS FOR SEVEN SCHOOLS
-
UNIVERSITY OF TENNESSEE KNOXVILLE
$34,545
TUITION FOR RESIDENTS
-
HAMILTON COUNTY DEPARTMENT OF EDUCATION-TEACHERPRENEUR GRANTS
$31,064
TO PROVIDE SUPPORT FOR HCDE TEACHERS' TEACHERPRENEUR PROJECTS
-
HAMILTON COUNTY DEPARTMENT OF EDUCATION-ENGAGE FUNDING
$20,632
TO PROVIDE PBL AND VIDEO DEVELOPMENT SUPPPORT
-
$12,690
TUITION FOR RESIDENTS
-
$8,400
GAP SCHOLARSHIP
-
UNIVERSITY OF TENNESSEE CHATTANOOGA
$8,400
GAP SCHOLARSHIP
-
$5,674
GAP SCHOLARSHIP
-
TUITION ASSISTANCE - GATEWAY SCHOLARS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313569349300501
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