Hamilton Flourishing
- Assets
- $19.9k
- Revenue
- $325.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Chattanooga, TN
- Founding
- 05/2019
- Data as of
- 12/2020
- EIN
- 83-1871618
Organization Overview
Hamilton Flourishing is located in Chattanooga, TN. The organization was established in 2019. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Hamilton Flourishing employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamilton Flourishing 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 12/2020, Hamilton Flourishing generated $325.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $330.6k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SEEK THE WELL-BEING OF HAMILTON COUNTY AND CHATTANOOGA THROUGH EFFECTIVE SOLUTIONS TO PUBLIC POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAMILTON FLOURISHING HAD A CHALLENGING YEAR IN TERMS OF PROGRAMMING IN 2020. THE COVID-19 PANDEMIC HIT US IN MARCH AND ALL OF OUR PUBLIC ACTIVITIES WERE PUT ON HOLD. THE ORGANIZATION PRODUCED 20-25 VIDEOS ON SUBJECTS SUCH AS LITERACY, THE LOCAL FOOD DESERT, INTERVIEWS WITH THE SHERIFF, SCHOOL BOARD MEMBERS, STATE LEGISLATORS AND OTHERS. THESE WERE WELL RECEIVED AND VIEWED BY AS MANY AS 20,000 INDIVIDUALS. THE ORGANIZATION, INSTEAD, FOCUSED ON WHAT WE COULD DO THROUGH ZOOM AND DIGITAL COMMUNICATIONS. WE CONTINUED NETWORK ACTIVITIES WITH COMMUNITY LEADERS, MOSTLY BY ZOOM AND PHONE. WE CREATED TWO NEWSLETTERS THAT WENT OUT WEEKLY TO ABOUT 50,000 PEOPLE AND CONTINUED, THOUGH WITH LESS INVESTMENT, TO PUSH OUR SOCIAL MEDIA TILL IT REACHED OVER 12,000 PEOPLE. WE ALSO PARTICIPATED AT NUMEROUS PUBLIC EVENTS THAT WERE DISCUSSING POLICY IN THE COUNTY AS IT RELATED TO THE POOR, POLICING, AFFORDABLE HOUSING, LITERACY AND PUBLIC EDUCATION. WE ALSO ADVERTISED DAILY OUR EMAILS THROUGH AN ONLINE NEWSPAPER THAT BROUGHT IN MORE PEOPLE. HAMILTON FLOURISHING FEELS THE ORGANIZATION IS RAISING AWARENESS, EDUCATION AND ENGAGING MORE AND MORE PEOPLE IN HAMILTON COUNTY. THE ORGANIZATION CAN DEDUCE THIS BY RESPONSES TO THE DIGITAL DISTRIBUTION, INCREASED DONATIONS AND NEW EMAILS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Daugherty President/ceo | OfficerTrustee | 40 | $150,000 |
David Beckman Board Secretary | OfficerTrustee | 0.34 | $0 |
Tom Decosimo Board Treasurer | OfficerTrustee | 0.67 | $0 |
Kenneth J Meyer Board Member | Trustee | 0.67 | $0 |
Tina Benkiser Board Member | Trustee | 0.67 | $0 |
Martin Pierce Board Member | Trustee | 0.34 | $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 | $324,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,965 |
| Total Program Service Revenue | $0 |
| Investment income | $47 |
| 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 | $325,012 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,087 |
| Fees for services: Accounting | $9,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,305 |
| Advertising and promotion | $11,963 |
| Office expenses | $649 |
| Information technology | $3,254 |
| Royalties | $0 |
| Occupancy | $20,781 |
| Travel | $2,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,210 |
| Insurance | $1,792 |
| All other expenses | $1,589 |
| Total functional expenses | $330,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48 |
| Accounts receivable, net | $353 |
| 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 | $3,976 |
| Net Land, buildings, and equipment | $7,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750 |
| Total assets | $19,909 |
| Accounts payable and accrued expenses | $4,550 |
| 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 | $4,550 |
| Net assets without donor restrictions | $15,359 |
| Net assets with donor restrictions | $0 |
| 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 | $19,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland Forward Bentonville, AR | $3,100,602 | $9,900,502 |
Arkansas Research Alliance Conway, AR | $2,528,169 | $2,522,456 |
Progress North Carolina Raleigh, NC | $193,194 | $739,074 |
Charlottesville Tomorrow Charlottesville, VA | $54,395 | $673,032 |
Small Business & Entrepreneurship Council Vienna, VA | $511,099 | $632,750 |
Center For America Roswell, GA | $3,417 | $10,015 |
Hamilton Flourishing Chattanooga, TN | $19,909 | $325,012 |
Neighborhood Data Works Durham, NC | $42,201 | $215,553 |
Bi-State Development Research Institute St Louis, MO | $0 | $23,375 |
High Point Convention & Visitors Bureau Foundation Inc High Point, NC | $376,382 | $46,117 |
Quality Growth Institute Inc Atlanta, GA | $462,765 | $237,302 |
Cumberland Region Tomorrow Nashville, TN | $173,795 | $75,030 |