Preserve Chattanooga Inc
- Assets
- $600.1k
- Revenue
- $125.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Chattanooga, TN
- Founding
- 10/1976
- Data as of
- 12/2023
- EIN
- 51-0204182
Organization Overview
Preserve Chattanooga Inc is located in Chattanooga, TN. The organization was established in 1976. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preserve Chattanooga 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 12/2023, Preserve Chattanooga Inc generated $125.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $219.8k during the year ending 12/2023. 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
TO PROTECT THE HERITAGE OF CHATTANOOGA THROUGH HISTORIC PRESERVATION EDUCATION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, RESTORATION, AND PRODUCTIVE REUSE OF THREATENED HISTORICAL BUILDINGS. ENDANGERED PROPERTIES ADVOCACY, EDUCATION- HISTORY AND LOCAL ARCHITECTURE(NOT INCLUDING $8,000 IN-KIND EXPENSES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmund Amoye Director | Trustee | 1 | $0 |
Rob Bentley Vice-President | OfficerTrustee | 2 | $0 |
Rebecca Brooks Secretary | OfficerTrustee | 2 | $0 |
Eric Cummings President | OfficerTrustee | 2 | $0 |
Leslie Gower Director | Trustee | 1 | $0 |
Cullon Hooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,393 |
| Related organizations | $0 |
| Government grants | $15,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,881 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,100 |
| Net Gain/Loss on Asset Sales | -$315 |
| Net Income from Fundraising Events | -$13,408 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,209 |
| 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. | $94,063 |
| Compensation of current officers, directors, key employees. | $9,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,372 |
| Fees for services: Accounting | $18,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,533 |
| Advertising and promotion | $2,468 |
| Office expenses | $7,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,306 |
| Travel | $1,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,333 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,096 |
| Insurance | $6,670 |
| All other expenses | $2,122 |
| Total functional expenses | $219,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,501 |
| Savings and temporary cash investments | $0 |
| 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 | $135,863 |
| Investments—publicly traded securities | $27,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $600,086 |
| Accounts payable and accrued expenses | $3,689 |
| 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 | $0 |
| Total liabilities | $3,689 |
| Net assets without donor restrictions | $552,647 |
| Net assets with donor restrictions | $43,750 |
| 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 | $600,086 |