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Nonprofiteer
← HOWARD FUND

Form 990 for tax year 2024

Filed by HOWARD FUND.

Totals

Total revenue
$8,089
Total expenses
$244,066
Contributions and grants received
$0
Grants paid
$190,000
Program service revenue
$0
Investment income
$8,089
Other revenue
$0
Total assets, end of year
$12,517,635
Total liabilities, end of year
$372,500
Net assets or fund balances, end of year
$12,145,135
Program services expenses (Part IX)
$190,000
Management and general expenses
$54,066
Fundraising expenses
$0
Program service expenses (Part III)
$190,000

Program services were 77.8% 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.

  • 3 · Investment income

    total $8,089 · excluded $8,089

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,000 · program services $190,000

  • 11a · Fees: management

    total $50,000 · management and general $50,000

  • 11c · Fees: accounting

    total $3,992 · management and general $3,992

  • 24a · Other expenses: FEES AND LICENSES

    total $74 · management and general $74

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,133 · end of year $250,568

  • 12 · Investments: other securities

    beginning of year $11,334,769 · end of year $12,267,067

  • 18 · Grants payable

    beginning of year $785,000 · end of year $372,500

  • 27 · Net assets without donor restrictions

    beginning of year $10,551,902 · end of year $12,145,135

Mission and programs · 2024

Mission

THE FUND WAS ESTABLISHED AS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF GREATER CHATTANOOGA (CFGC). THE MISSION OF CFGC IS TO TRANSFORM GENEROSITY INTO LASTING CHANGE TOWARD A PROSPEROUS AND JUST CHATTANOOGA WHERE ALL CAN THRIVE AND ACHIEVE THEIR FULL POTENTIAL.

Activities or mission (Part I)

SUPPORTING ORGANIZATION FOR THE COMMUNITY FOUNDATION OF GREATER CHATTANOOGA, INC.

  • PROVIDING FUNDS FOR HEALTHCARE, PUBLIC EDUCATION, ARTS, AND ENVIRONMENTAL CONSERVATION.

    Expenses $190,000 · Grants $190,000

As filed on the 2024 return.

Listed in Part VII

  • JOSEPH H DAVENPORT III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • JOSEPH H DAVENPORT IV

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    4

  • TED ALLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK STOWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LESLEY SCEARCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAEGHAN JONES

    PRESIDENT - COMM. FNDN. GR. CHATT.

    Total calculated
    $253,246
    From this org
    $0
    From related orgs
    $220,698
    Other
    $32,548
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,698 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,272 related
    Nontaxable benefits
    $0 + $10,276 related
    Filer's total
    $0 + $253,246 related

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

None.

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

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 October 2025
IRS schema version
2024v5.2
Source object
202533069349300558

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