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Nonprofiteer
← CHATTANOOGA CHAMBER FOUNDATION

Form 990 for tax year 2023

Filed by CHATTANOOGA CHAMBER FOUNDATION.

Totals

Total revenue
$5,705,485
Total expenses
$6,117,298
Contributions and grants received
$4,462,323
Grants paid
$0
Program services expenses (Part IX)
$4,919,593
Management and general expenses
$823,003
Fundraising expenses
$374,702
Program service expenses (Part III)
$4,919,593

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES WOOD

    PRESIDENT/CEO

    Total calculated
    $289,598
    From this org
    $213,074
    From related orgs
    $53,268
    Other
    $23,256
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $182,698 + $45,674 related
    Bonus
    $30,100 + $7,525 related
    Other
    $276 + $69 related
    Deferred
    $17,181 + $6,075 related
    Nontaxable benefits
    $0
    Filer's total
    $230,255 + $59,343 related

  • PAUL LEATH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAY DALE

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • REBECCA ASHFORD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BRAD COBB

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RYAN KEEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MATHIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MITCH PATEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANELLE REILLY

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MATT ROYAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE RANDOLPH

    EXECUTIVE DIRECTOR (2.0)

    Total calculated
    $161,803
    From this org
    $161,803
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,281
    Bonus
    $0
    Other
    $522
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,803

  • YOLONDA HAYSLETT

    V/P FINANCE AND ADMINISTRATION

    Total calculated
    $124,373
    From this org
    $67,970
    From related orgs
    $45,313
    Other
    $11,090
    Hours/week
    24 + 16 related

  • SYBIL TOPEL

    VICE PRESIDENT

    Total calculated
    $122,716
    From this org
    $71,857
    From related orgs
    $38,693
    Other
    $12,166
    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 — 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 · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PART I, LINE 1A. THE ORGANIZATION PROVIDES FIRST CLASS OR CHARTER TRAVEL IN CONNECTION WITH THE REQUIREMENTS OF THE CEO TO OCCASIONALLY TRAVEL ON ORGANIZATINO BUSINESS AND PROVIDES SOCIAL OR HEALTH CLUB DUES AS A WAY TO FACILITATE CONNECTION OF THE CEO TO OTHER LEADERS IN THE COMMUNITY.
PART I, LINE 7
THE BOARD SETS STRATEGIC GOALS FOR THE ORGANIZATION AND REWARDS MANAGEMENT FOR MEETING BENCHMARKS TO ACHIEVE THOSE GOALS. THE GOALS AND POTENTIAL REWARDS ARE SPECIFIED IN THE EXECUTIVE DIRECTOR'S EMPLOYMENT CONTRACT AND ARE ANNUALLY EVALUATED BY THE BOARD OF DIRECTORS.

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

No itemized grants to organizations 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
2023
Filed
24 July 2025
IRS schema version
2023v6.0
Source object
202512129349301201

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