Community Foundation Of Greater Chattanooga Inc is located in Chattanooga, TN. The organization was established in 1965. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Greater Chattanooga Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater 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 12/2021, Community Foundation Of Greater Chattanooga Inc generated $52.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $26.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Community Foundation Of Greater Chattanooga Inc has awarded 2,473 individual grants totaling $38,802,411. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE GIVING AND ENCOURAGE ACTION TO IMPROVE LIVES IN THE GREATER CHATTANOOGA AREA.
Describe the Organization's Program Activity:
PROVIDING SCHOLARSHIPS AND FUNDS FOR AREA BEAUTIFICATION, DOWNTOWN DEVELOPMENT, HEALTH RELATED ISSUES, CIVIC AND CULTURAL IMPROVEMENTS, AND EDUCATIONAL AND HUMANITARIAN PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Maeghan Jones President | Officer | 40 | $188,103 |
Ansley Moses Secretary | OfficerTrustee | 1 | $0 |
Julie Stowe Ex-Officio | OfficerTrustee | 1 | $0 |
Dr Dave Bhattacharya Director | OfficerTrustee | 1 | $0 |
Barry Large Director | OfficerTrustee | 1 | $0 |
Dallas Joseph Vice Chair | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $725,908 |
All other contributions, gifts, grants, and similar amounts not included above | $37,636,648 |
Noncash contributions included in lines 1a–1f | $15,840,508 |
Total Revenue from Contributions, Gifts, Grants & Similar | $38,362,556 |
Total Program Service Revenue | $0 |
Investment income | $2,669,765 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $10,847,182 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $52,106,763 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $22,456,411 |
Grants and other assistance to domestic individuals. | $881,345 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $189,330 |
Compensation of current officers, directors, key employees. | $47,332 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $799,839 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $166,759 |
Payroll taxes | $71,726 |
Fees for services: Management | $0 |
Fees for services: Legal | $61,932 |
Fees for services: Accounting | $27,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,023,445 |
Fees for services: Other | $78,986 |
Advertising and promotion | $21,138 |
Office expenses | $22,126 |
Information technology | $97,873 |
Royalties | $0 |
Occupancy | $78,231 |
Travel | $3,306 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $27,747 |
Interest | $47,349 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $52,401 |
Insurance | $15,490 |
All other expenses | $0 |
Total functional expenses | $26,114,909 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $152,760 |
Savings and temporary cash investments | $27,334,642 |
Pledges and grants receivable | $21,765,748 |
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 | $1,984,338 |
Investments—publicly traded securities | $144,226,766 |
Investments—other securities | $46,832,014 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $141,032 |
Total assets | $242,437,300 |
Accounts payable and accrued expenses | $371,653 |
Grants payable | $1,424,955 |
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 | $980,674 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $5,429,561 |
Total liabilities | $8,206,843 |
Net assets without donor restrictions | $174,542,968 |
Net assets with donor restrictions | $59,687,489 |
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 | $242,437,300 |
Over the last fiscal year, Community Foundation Of Greater Chattanooga Inc has awarded $20,174,212 in support to 670 organizations.
Grant Recipient | Amount |
---|---|
Cleveland, TN PURPOSE: JACK MCKEE DONOR ADVISED FUND | $500,000 |
Dalton, GA PURPOSE: JACK MCKEE DONOR ADVISED FUND | $500,000 |
Chattanooga, TN PURPOSE: SMART CITY STUDENT CONNECTIVITY PROJECT | $500,000 |
TOWN OF SIGNAL MOUNTAIN PURPOSE: READING ROOM CONSTRUCTION SERVICES | $500,000 |
Sweet Briar, VA PURPOSE: UNRESTRICTED | $500,000 |
Peachtree Corners, GA PURPOSE: WORTHY STUDENT FUND 2022-2023 SCHOOL YEAR, EXCLUDE FORREST LAKE ACADEMY AND N. TAMPA CHRISTIAN ACADEMY | $400,000 |
Over the last fiscal year, we have identified 2 grants that Community Foundation Of Greater Chattanooga Inc has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
Mckenzie Foundation Chattanooga, TN PURPOSE: OPERATING FUNDS | $10,000 |
Thomas D And Patsy K Hosman Family Foundation Inc Englewood, FL PURPOSE: ASSISTANCE TO FUND THE CAMP NAKANAWA ENDOWMENT FUND. | $5,000 |
Beg. Balance | $27,078,260 |
Earnings | $4,136,848 |
Net Contributions | $1,900,775 |
Grants | $777,007 |
Ending Balance | $32,338,876 |
Organization Name | Assets | Revenue |
---|---|---|
St Louis Community Foundation Incorporated St Louis, MO | $436,956,368 | $124,413,038 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |