Collegedale Tomorrow Foundation Inc
- Assets
- $1.8m
- Revenue
- $696.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Collegedale, TN
- Founding
- 02/2015
- Data as of
- 06/2021
- EIN
- 46-3824536
Organization Overview
Collegedale Tomorrow Foundation Inc is located in Collegedale, TN. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Collegedale Tomorrow Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegedale Tomorrow Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Collegedale Tomorrow Foundation Inc generated $696.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $314.3k during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGEDALE TOMORROW IS DEDICATED TO ENSURING COLLEGEDALE'S FUTURE WILL BE AS RICH IN MEANING AND SPIRIT AS ITS PAST. THE CORPORATION WILL, IN PURSUIT OF THIS MISSION, FOSTER AND INSTITUTE COMMUNITY PRESERVATION PROJECTS,DEVELOP OR ARRANGE THE DEVELOPMENT OF PARKS AND GREENWAYS, ARRANGE FOR THE REFURBISHMENT, DEVELOPMENT OR PRESERVATION OF TOWN COMMONS AND MARKETS(COLLECTIVELY, THE "COMMUNITY PROJECTS"), AND OTHERWISE MANAGE SUCH COMMUNITY PROJECTS AND ENGAGE IN COMMUNITY ENHANCEMENT AND SUPPORT FUNCTIONS AND ALL RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGEDALE COMMONS - THIS PROJECT IS DEDICATED TO DEVELOPING A CENTRAL GATHERING COMPLEX FOR COMMUNITY EVENTS, WHICH WILL SERVE AS A DEFINITIVE FOCAL POINT FOR THE COMMUNITY. WITHIN THE COMMONS COMPLEX, THERE WILL BE AREAS THAT WILL BE USED FOR MEETINGS, WEDDINGS, REUNIONS AND FITNESS CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Barto Executive Di | Officer | 40 | $89,412 |
Kevin Wilson Secretary/tr | OfficerTrustee | 1 | $0 |
Jayme Place O'donnell Chairwoman | OfficerTrustee | 1 | $0 |
Ted Rogers Director | Trustee | 1 | $0 |
Stefanie Mcelroy Director | Trustee | 1 | $0 |
Greg Vital Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $422,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $640,007 |
| Total Program Service Revenue | $54,477 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $696,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,790 |
| Compensation of current officers, directors, key employees. | $34,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,634 |
| Office expenses | $740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,376 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,152 |
| Insurance | $6,159 |
| All other expenses | $7,128 |
| Total functional expenses | $314,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,628 |
| Savings and temporary cash investments | $11,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,334,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $1,817,436 |
| Accounts payable and accrued expenses | $5,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $302,628 |
| Total liabilities | $308,002 |
| Net assets without donor restrictions | $922,162 |
| Net assets with donor restrictions | $587,272 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,817,436 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Collegedale Tomorrow Foundation Inc has recieved totaling $468,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: THE ANNEX TO FOUNDER'S HALL | $300,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: CHESTNUT HALL OR OTHER NEEDS | $128,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNRESTRICTED | $25,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNRESTRICTED | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |