Chattanooga Fc Foundation
- Assets
- $3.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Chattanooga, TN
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-3508771
Organization Overview
Chattanooga Fc Foundation is located in Chattanooga, TN. The organization was established in 2016. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Chattanooga Fc Foundation employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Fc Foundation 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 12/2023, Chattanooga Fc Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 16.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHATTANOOGA FC FOUNDATION IS AN AFTER SCHOOL AND SUMMER SOCCER PROGRAM THAT SEEKS TO DEVELOP CREATIVITY, DISCIPLINE, SOCIAL SKILLS AND TEAM BUILDING OF ITS YOUTH THROUGH THE POWERFUL AVENUE OF SOCCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION USED CHATTANOOGA SPORTS MINISTRIES AND OPERATION GET ACTIVE PROGRAMS IN CLOSE PARTNERSHIP WITH LOCAL CHURCHES, SCHOOLS AND RECREATIONAL CENTERS TO LEAD YOUTH AND FAMILIES IN ECONOMICALLY OR CULTURALLY CHALLENGED NEIGHBORHOODS IN THE CHATTANOOGA COMMUNITY TO REACH NEW HEIGHTS BY FOSTERING RELATIONSHIPS AND ENCOURAGING HEALTHY LIFESTYLES THROUGH SOCCER. THIS UNIQUE AND EFFECTIVE WAY OF INVESTING IN CHILDREN'S DEVELOPMENT INSTIGATED SOCIAL CHANGE AND HELPED BUILD A STRONGER COMMUNITY. IN 2018, THE FOUNDATION WORKED WITH YOUNG PEOPLE IN 26 SCHOOLS, 10 REC CENTERS AND 4 NEIGHBORHOODS. THE FOUNDATION ALSO MANAGED HIGHLAND PARK COMMONS WHICH PROVIDED A SAFE AND HEALTHY ENVIRONMENT FOR MORE THAN A THOUSAND PEOPLE FROM 24 DIFFERENT COUNTRIES TO COME TOGETHER AND BUILD COMMUNITY BY PLAYING SOCCER.
CHATTANOOGA FC FOUNDATION IS AN AFTER SCHOOL AND SUMMER SOCCER PROGRAM THAT SEEKS TO DEVELOP CREATIVITY, DISCIPLINE, SOCIAL SKILLS AND TEAM BUILDING OF ITS YOUTH THROUGH THE POWERFUL AVENUE OF SOCCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Brock Secretary | OfficerTrustee | $0 | |
Krue Brock Chairman | OfficerTrustee | $0 | |
Hannah Griggs Board Member | OfficerTrustee | $0 | |
Sheldon Grizzle Vice Preside | Trustee | $0 | |
Daryl Heald President | OfficerTrustee | $0 | |
Tripp Johnston Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $939,669 |
| Noncash contributions included in lines 1a–1f | $148,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $939,669 |
| Total Program Service Revenue | $225,038 |
| Investment income | $121,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,513,228 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,991 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,610 |
| Payroll taxes | $54,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $146,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,193 |
| Advertising and promotion | $20,710 |
| Office expenses | $4,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,106 |
| 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 | $42,205 |
| Insurance | $22,555 |
| All other expenses | $141,424 |
| Total functional expenses | $1,397,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,028,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,845 |
| Accounts receivable, net | $522 |
| 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 | $721,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,752,722 |
| Accounts payable and accrued expenses | $47,922 |
| 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 | $91,390 |
| Total liabilities | $139,312 |
| Net assets without donor restrictions | $2,717,564 |
| Net assets with donor restrictions | $895,846 |
| 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 | $3,752,722 |