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Nonprofiteer
← CHATTANOOGA-HAMILTON COUNTY PUBLIC EDUCATION FUND

Form 990 for tax year 2024

Filed by CHATTANOOGA-HAMILTON COUNTY PUBLIC EDUCATION FUND.

Totals

Total revenue
$3,345,349
Total expenses
$6,298,828
Contributions and grants received
$2,164,206
Grants paid
$2,028,643
Program service revenue
$214,120
Investment income
$953,312
Other revenue
$13,711
Total assets, end of year
$18,476,795
Total liabilities, end of year
$5,552,828
Net assets or fund balances, end of year
$12,923,967
Program services expenses (Part IX)
$5,016,487
Management and general expenses
$955,966
Fundraising expenses
$326,375
Program service expenses (Part III)
$5,016,487

Program services were 79.6% 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)

    $350,618

  • 1f · All other contributions, gifts and grants

    $1,813,588

  • 2a · Program service revenue: EDUCATIONAL SERVICES

    total $214,120 · related or exempt $214,120

  • 3 · Investment income

    total $335,230 · unrelated business $28,773 · excluded $306,457

  • 7a · Gross sales of assets other than inventory

    securities $10,134,033

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

    securities $9,515,951

  • 7c · Gain or loss

    securities $618,082

  • 7d · Net gain or loss

    total $618,082 · excluded $618,082

  • 11a · Other revenue: OTHER INCOME

    total $13,711 · related or exempt $13,711

  • 11e · Other revenue, total

    $13,711

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $790,660 · program services $790,660

  • 2 · Grants to domestic individuals

    total $1,237,983 · program services $1,237,983

  • 5 · Compensation of officers, directors and key employees

    total $457,324 · program services $114,331 · management and general $342,993

  • 7 · Other salaries and wages

    total $1,725,217 · program services $1,311,070 · management and general $231,551 · fundraising $182,596

  • 9 · Other employee benefits

    total $555,686 · program services $441,444 · management and general $81,078 · fundraising $33,164

  • 11b · Fees: legal

    total $23,517 · program services $8,120 · management and general $15,397

  • 11c · Fees: accounting

    total $21,600 · management and general $21,600

  • 11f · Fees: investment management

    total $39,405 · management and general $39,405

  • 11g · Fees: other

    total $220,798 · program services $195,507 · management and general $21,456 · fundraising $3,835

  • 13 · Office expenses

    total $144,791 · program services $112,733 · management and general $26,480 · fundraising $5,578

  • 16 · Occupancy

    total $60,846 · program services $42,920 · management and general $13,334 · fundraising $4,592

  • 17 · Travel

    total $26,957 · program services $24,094 · management and general $2,863

  • 20 · Interest

    total $167,511 · program services $132,485 · management and general $26,446 · fundraising $8,580

  • 22 · Depreciation, depletion and amortization

    total $268,731 · program services $185,074 · management and general $66,279 · fundraising $17,378

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $393,023 · program services $321,484 · management and general $20,587 · fundraising $50,952

  • 24b · Other expenses: COMMUNICATIONS AND PUBL

    total $164,779 · program services $98,582 · management and general $46,497 · fundraising $19,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,526 · end of year $313,581

  • 2 · Savings and temporary cash investments

    beginning of year $510,508 · end of year $844,160

  • 3 · Pledges and grants receivable

    beginning of year $242,824 · end of year $535,269

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,630 · end of year $2,773

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

    $745,496

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

    $258,991

  • 10c · Land, buildings and equipment, net

    beginning of year $545,772 · end of year $486,505

  • 11 · Investments: publicly traded securities

    beginning of year $5,873,162 · end of year $3,743,459

  • 12 · Investments: other securities

    beginning of year $8,616,679 · end of year $7,519,480

  • 15 · Other assets

    beginning of year $5,161,491 · end of year $5,031,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $405,246 · end of year $435,563

  • 25 · Other liabilities

    beginning of year $5,144,529 · end of year $5,117,265

  • 27 · Net assets without donor restrictions

    beginning of year $5,749,881 · end of year $5,056,084

  • 28 · Net assets with donor restrictions

    beginning of year $9,806,936 · end of year $7,867,883

Mission and programs · 2024

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 $1,312,935 · Grants $515,761

  • 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 $631,482 · Grants $10,472

  • 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 $1,918,587 · Grants $1,460,705

  • 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 $1,153,483 · Grants $41,705 · Revenue $227,831

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN F GERM

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • ROGER DICKSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • H GRANT LAW JR

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • ASHLIE HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACOB PRESTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD WOMACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAN L LEBOVITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR SUE ANNE WELLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR FANNIE HEWLETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA IGLESIAS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • IAN LEAVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR STEVEN ANGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROY VAUGHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL D CHALLENER

    PRESIDENT

    Total calculated
    $302,578
    From this org
    $269,587
    From related orgs
    $0
    Other
    $32,991
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $259,600
    Bonus
    $9,987
    Other
    $0
    Deferred
    $19,470
    Nontaxable benefits
    $13,521
    Filer's total
    $302,578

  • LARRY STONE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $154,746
    From this org
    $135,750
    From related orgs
    $0
    Other
    $18,996
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $135,750
    Bonus
    $0
    Other
    $0
    Deferred
    $10,181
    Nontaxable benefits
    $8,815
    Filer's total
    $154,746

  • MICHAEL STONE

    VICE PRESIDENT

    Total calculated
    $158,685
    From this org
    $140,439
    From related orgs
    $0
    Other
    $18,246
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,439
    Bonus
    $10,000
    Other
    $0
    Deferred
    $9,783
    Nontaxable benefits
    $8,463
    Filer's total
    $158,685

  • KEITH WHITE

    VICE PRESIDENT

    Total calculated
    $137,064
    From this org
    $111,176
    From related orgs
    $0
    Other
    $25,888
    Hours/week
    40

  • J MICHELLE CALDWELL

    PROGRAM DIRECTOR

    Total calculated
    $128,001
    From this org
    $111,198
    From related orgs
    $0
    Other
    $16,803
    Hours/week
    40

  • MARK NEAL

    PROGRAM DIRECTOR

    Total calculated
    $135,633
    From this org
    $110,948
    From related orgs
    $0
    Other
    $24,685
    Hours/week
    40

  • KAYLA SHUGART

    DIRECTOR

    Total calculated
    $129,613
    From this org
    $115,000
    From related orgs
    $0
    Other
    $14,613
    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

Provenance

Return type
form_990
Tax year
2024
Filed
3 December 2025
IRS schema version
2024v5.2
Source object
202503499349301095

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