Form 990 for tax year 2022
Filed by UNIVERSITY OF CHATTANOOGA FOUNDATION INC.
Totals
- Total revenue
- $11,679,125
- Total expenses
- $13,788,886
- Contributions and grants received
- $9,375,230
- Grants paid
- $8,983,358
- Program service revenue
- $0
- Investment income
- $2,303,895
- Other revenue
- $0
- Total assets, end of year
- $238,636,483
- Total liabilities, end of year
- $43,477,430
- Net assets or fund balances, end of year
- $195,159,053
- Program services expenses (Part IX)
- $8,983,358
- Management and general expenses
- $1,890,126
- Fundraising expenses
- $2,915,402
- Program service expenses (Part III)
- $8,983,358
Program services were 65.1% 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.
-
1f · All other contributions, gifts and grants
$9,375,230
-
1g · Noncash contributions included above
$17,080
-
3 · Investment income
total $2,778,352 · unrelated business -$126,332 · excluded $2,904,684
-
7a · Gross sales of assets other than inventory
securities $54,548,045
-
7b · Less cost or other basis and sales expenses
securities $55,022,502
-
7c · Gain or loss
securities -$474,457
-
7d · Net gain or loss
total -$474,457 · excluded -$474,457
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,983,358 · program services $8,983,358
-
7 · Other salaries and wages
total $8,000 · fundraising $8,000
-
11b · Fees: legal
total $17,319 · management and general $17,319
-
11c · Fees: accounting
total $641,711 · management and general $373,181 · fundraising $268,530
-
11f · Fees: investment management
total $78,030 · management and general $78,030
-
11g · Fees: other
total $110,000 · management and general $110,000
-
20 · Interest
total $317,544 · management and general $317,544
-
23 · Insurance
total $29,440 · management and general $29,440
-
24a · Other expenses: DEVELOPMENT OPERATING
total $2,638,872 · fundraising $2,638,872
-
24b · Other expenses: BAD DEBT EXPENSE
total $876,593 · management and general $876,593
-
24c · Other expenses: OTHER TAXES
total $88,019 · management and general $88,019
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $816,168 · end of year $32,461,393
-
3 · Pledges and grants receivable
beginning of year $14,949,883 · end of year $7,034,521
-
7 · Other notes and loans receivable
beginning of year $21,680,135 · end of year $26,403,484
-
9 · Prepaid expenses and deferred charges
beginning of year $4,547 · end of year $26,100
-
11 · Investments: publicly traded securities
beginning of year $56,972,957 · end of year $71,577,111
-
12 · Investments: other securities
beginning of year $111,412,429 · end of year $93,933,218
-
15 · Other assets
beginning of year $49,151 · end of year $7,200,656
-
17 · Accounts payable and accrued expenses
beginning of year $67,459 · end of year $404,270
-
18 · Grants payable
beginning of year $721,602 · end of year $705,364
-
24 · Unsecured notes and loans payable
beginning of year $13,028,356 · end of year $40,000,000
-
25 · Other liabilities
beginning of year $2,357,591 · end of year $2,367,796
-
27 · Net assets without donor restrictions
beginning of year $56,310,921 · end of year $56,413,020
-
28 · Net assets with donor restrictions
beginning of year $133,399,341 · end of year $138,746,033
Mission and programs · 2022
Mission
SUPPORT OF HIGHER EDUCATION THROUGH SPECIAL PROJECTS OF THE UNIVERSITY OF TENNESSEE AT CHATTANOOGA
Activities or mission (Part I)
SUPPORT OF HIGHER EDUCATION THROUGH SPECIAL PROJECTS
-
SUPPORT OF HIGHER EDUCATION THROUGH SPECIAL PROJECTS OF THE UNIVERSITY OF TENNESSEE AT CHATTANOOGA
Expenses $8,983,358 · Grants $8,983,358
As filed on the 2022 return.
Listed in Part VII
-
MIKE COSTELLO
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
DOUGLAS BROWN
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
STEVE L FROST
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
KELLY ALLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BILL KILBRIDE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
KEN JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ASHLEE PATTEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
NANCY COLLUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BETSY BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
GREG EAVES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BRETT ROUSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID BELITZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
VICKY GREGG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ROGER SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
FRANK WILLIAMSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
CLINT WOLFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BENJAMIN BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ALAN CATES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
SCOTT LEROY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
LADELL MCCULLOUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
SUZANNE FORLIDAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ROY VAUGHN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
MILLER WELBORN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
RICHARD JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JAY DALE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID DEVANEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
KEITH HELTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BEN MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ASHLEY NICHOLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BETTYELYNN SMTIH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
EDNA VARNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
MARIE WEBB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
TODD WOMACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID KRAMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
KATHY O'BRIEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DONNA WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
KERRY WITCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ALBERT WOODARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
KIM WHITE
EXECUTIVE DIRECTOR
- Total calculated
- $0
- 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
-
UNIVERSITY OF TN AT CHATTANOOGA
$8,441,432
TO SUPPORT EXCELLENCE IN HIGHER EDUCATION THROUGH SPECIAL PROJECTS FOR THE UNIVERSITY OF TENNESSEE AT CHATTANOOGA.
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.
-
CAMPUS DEVELOPMENT FOUNDATION INC
501(C)(3) · PROVIDES HOUSING TO STUDENTS AT THE UNIVERSITY OF TENNESSEE CHATTANOOGA. · TN
Directly controlled by UNIVERSITY OF TENNESSEE AT CHATTANOOGA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202420169349301357
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.