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Nonprofiteer
← CHATTANOOGA STATE COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by CHATTANOOGA STATE COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$969,082
Total expenses
$1,043,330
Contributions and grants received
$625,016
Grants paid
$970,722
Program service revenue
$0
Investment income
$344,066
Other revenue
$0
Total assets, end of year
$10,112,121
Total liabilities, end of year
$57,978
Net assets or fund balances, end of year
$10,054,143
Program services expenses (Part IX)
$970,722
Management and general expenses
$72,608
Fundraising expenses
$0
Program service expenses (Part III)
$970,722

Program services were 93.0% 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

    $625,016

  • 3 · Investment income

    total $188,096 · unrelated business $10,988 · excluded $177,108

  • 7a · Gross sales of assets other than inventory

    securities $215,140

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

    securities $59,170

  • 7c · Gain or loss

    securities $155,970

  • 7d · Net gain or loss

    total $155,970 · excluded $155,970

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $970,722 · program services $970,722

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11f · Fees: investment management

    total $59,170 · management and general $59,170

  • 13 · Office expenses

    total $882 · management and general $882

  • 19 · Conferences, conventions and meetings

    total $2,183 · management and general $2,183

  • 24a · Other expenses: TAXES

    total $5,373 · management and general $5,373

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $939,194 · end of year $826,942

  • 3 · Pledges and grants receivable

    beginning of year $811,853 · end of year $622,141

  • 4 · Accounts receivable

    beginning of year $100 · end of year $0

  • 12 · Investments: other securities

    beginning of year $7,939,101 · end of year $8,663,038

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,654 · end of year $57,978

  • 27 · Net assets without donor restrictions

    beginning of year $1,099,471 · end of year $1,203,811

  • 28 · Net assets with donor restrictions

    beginning of year $8,572,123 · end of year $8,850,332

Mission and programs · 2022

Mission

TO BENEFIT AND CARRY OUT THE EDUCATIONAL PURPOSES OF CHATTANOOGA STATE COMMUNITY COLLEGE.

Activities or mission (Part I)

TO SUPPORT AND ADVANCE THE GOALS IN SUPPORT OF THE MISSION OF CHATTANOOGA STATE COMMUNITY COLLEGE.

  • PROVIDE FUNDING TO MEET THE NEEDS OF APPROXIMATELY 24 DEPARTMENTS/PROGRAMS AT CHATTANOOGA STATE COMMUNITY COLLEGE. ITEMS TYPICALLY PROVIDED INCLUDE SUPPLIES AND/OR EQUIPMENT.

    Expenses $463,362 · Grants $463,362

  • PROVIDE SCHOLARSHIPS FOR APPROXIMATELY 229 STUDENTS OF CHATTANOOGA STATE COMMUNITY COLLEGE.

    Expenses $503,610 · Grants $503,610

  • PROVIDE FUNDING FOR 5 FACULTY/STAFF EXCELLENCE AWARDS, AND FUNDING FOR OTHER FACULTY/STAFF DEVELOPMENT.

    Expenses $3,750 · Grants $3,750

As filed on the 2022 return.

Listed in Part VII

  • Joe Ferguson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Wade Hinton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Larry Parks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • C Duffy Frank Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • W Keith Sanford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tom White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Maricela Rodriguez DDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rowena Belcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Elsea

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Leslie Gower

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Marcus Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tiffanie Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Edna Varner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • John F Germ

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Stefanie Crowe

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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

  • CHATTANOOGA STATE COMMUNITY COLLEGE

    $970,722

    SUPPORT FOR SCHOLARSHIPS, SUPPLIES AND FACULTY

Provenance

Return type
form_990
Tax year
2022
Filed
18 March 2024
IRS schema version
2022v5.0
Source object
202410789349300316

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