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Chattanooga Chamber Foundation
Chattanooga Chamber Foundation reported $10.4 million in revenue and $8.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.45 went to program services, $9.61 to management and general costs and $3.94 to fundraising. Its largest source of revenue was contributions and grants: 81.5% of the total. Government grants made up 18.5%. The highest compensation it reported for one person was $491,422 (PRESIDENT/CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 144% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $8.5MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.4% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.6% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.9% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 81.5% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 18.5% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 17.9% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $491,422 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.77% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 4 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEconomic development - purpose is to attract new business and industry to the chattanooga area, as well as encourage expansion in existing businesses
Leadership development-to ensure that chattanooga area benefits from civic and political leadership. Sponsor annual leadership program to prepare existing leaders for community decision making, hold events to recognize business and community leaders and communicate with the business community on issues vital to leaders
Facilities management-management of business incubator the bdc offers start-up businesses office or manufacturing space at below-market rental rates. Tenants have access to clerical support, fax machine, copier and postage machine
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Director/trustee, officer, 32.00 hrs/week | $228,483 | $76,799 | $186,140 | $491,422 |
| EXECUTIVE DIRECTOR (2.0) Officer, 40.00 hrs/week | $171,422 | $0 | $17,090 | $188,512 |
| VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $128,025 | $0 | $13,065 | $141,090 |
| V/P FINANCE &ADMINISTRATION Officer, 24.00 hrs/week | $72,203 | $48,045 | $12,422 | $132,670 |
| VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $102,199 | $0 | $10,395 | $112,594 |
4 people received more than $100,000 in reportable compensation from Chattanooga Chamber Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $550K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 569
- Volunteers Part I, line 6540
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BUILDWITHIN INC Apprenticeship management software | $200,000 |
| DEVELOPMENT COUNSELLORS INTERNATIONAL Consulting services - marketing | $160,863 |
| LOGICALLY Computer network expense | $106,976 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to Chattanooga Chamber Foundation totaling $1.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Chattanooga Chamber Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Chattanooga Chamber Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Chattanooga Chamber Foundation spent in FY2025, $86.45 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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- The McCourt FoundationSouth Boston, MA · revenue $10M · programs 86.3% · 2024
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All philanthropy, voluntarism & grantmaking charities · Largest charities in Tennessee
Questions people ask
How much of Chattanooga Chamber Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Chattanooga Chamber Foundation reported that 86.4% of its $8.5 million in expenses went to program services, 9.6% to management and general and 3.9% to fundraising (Form 990, Part IX).
How much does Chattanooga Chamber Foundation pay its top executive?
The largest total compensation Chattanooga Chamber Foundation reported for one person in the fiscal year ending June 30, 2025 was $491,422, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Chattanooga Chamber Foundation get its money?
Of $10.4 million in revenue in the fiscal year ending June 30, 2025, 81.5% came from contributions and grants (including 18.5% from government grants) and 17.9% from program service revenue (Form 990, Part VIII).
Is Chattanooga Chamber Foundation a registered charity?
The IRS lists EIN 23-7032834 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611359349307016 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202512129349301201 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401999349300830 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331339349301378 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211339349303116 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111329349302021 · read the filing
All filings for EIN 23-7032834: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.