Nonprofit · EIN 23-7032834
CHATTANOOGA CHAMBER FOUNDATION
Tax-exempt · CHATTANOOGA, TN 37402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,364,287 | $8,520,005 | $1,844,282 | $11,167,709 | $3,567,352 | $7,600,357 |
| June 30, 2024 | 990 | $5,705,485 | $6,117,298 | -$411,813 | $7,394,296 | $1,704,356 | $5,689,940 |
| June 30, 2023 | 990 | $5,902,246 | $5,527,535 | $374,711 | $7,846,474 | $1,771,306 | $6,075,168 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,444,085
- of which government grants
- $1,921,056
- Program service revenue
- $1,851,607
- Investment income
- $22,418
- Net rental income
- $46,177
- Other revenue
- $46,177
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $549,577
- Other salaries and wages
- $2,158,785
- Salaries, compensation and benefits (total)
- $3,292,469
- Professional fundraising fees
- $0
- Legal fees
- $3,000
- Accounting fees
- $78,692
- Occupancy
- $307,265
- Travel
- $191,674
- Depreciation
- $317,012
- Program services (functional)
- $7,365,521
- Management and general (functional)
- $818,796
- Fundraising (functional)
- $335,688
Balance sheet and other
- Total assets, start of year
- $7,394,296
- Total assets, end of year
- $11,167,709
- Total liabilities, end of year
- $3,567,352
- Net assets, end of year
- $7,600,357
- Land, buildings and equipment
- $3,575,111
- Publicly traded securities
- $302,393
- Net assets without donor restrictions
- $4,624,313
- Net assets with donor restrictions
- $2,976,044
- Gross receipts
- $10,682,723
- Employees
- 69
- Volunteers
- 540
- Year formed
- 1969
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES WOOD | PRESIDENT/CEO Trustee or director, Officer | 32 | $228,483 | $76,799 | $186,140 |
| KATHERINE RANDOLPH | EXECUTIVE DIRECTOR (2.0) Officer | 40 | $171,422 | $0 | $17,090 |
| ADAM MYERS | VICE PRESIDENT Highest-paid employee | 40 | $128,025 | $0 | $13,065 |
| YOLONDA HAYSLETT | V/P FINANCE &ADMINISTRATION Officer | 24 | $72,203 | $48,045 | $12,422 |
| LORNE STEEDLY | VICE PRESIDENT Highest-paid employee | 40 | $102,199 | $0 | $10,395 |
| JAY DALE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRAD COBB | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL LEATH | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| REBECCA ASHFORD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DALYA QUALLS-WHITE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS COSBY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RYAN KEEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATT ROYAL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES WOOD | PRESIDENT/CEO Trustee or director, Officer | 32 | $213,074 | $53,268 | $23,256 |
| KATHERINE RANDOLPH | EXECUTIVE DIRECTOR (2.0) Officer | 40 | $161,803 | $0 | $0 |
| YOLONDA HAYSLETT | V/P FINANCE AND ADMINISTRATION Officer | 24 | $67,970 | $45,313 | $11,090 |
| SYBIL TOPEL | VICE PRESIDENT Highest-paid employee | 40 | $71,857 | $38,693 | $12,166 |
| PAUL LEATH | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAY DALE | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REBECCA ASHFORD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRAD COBB | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RYAN KEEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL MATHIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MITCH PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANELLE REILLY | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| MATT ROYAL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE GILLENWATER | PRESIDENT/CEO Trustee or director, Officer | 24 | $246,083 | $61,521 | $50,410 |
| CHARLES WOOD | V/P ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $179,675 | $0 | $20,508 |
| CHERYL MILLSAPS | V/P FINANCE AND ADMINISTRA Officer | 24 | $77,910 | $43,298 | $22,010 |
| ROY D VAUGHN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL LEATH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANELLE REILLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID WADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAY DALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAD COBB | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL MATHIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 811 BROAD ST STE 200, CHATTANOOGA, TN 37402-2626
- Principal officer (990 for 2024)
- CHARLES WOOD, 811 BROAD ST SUITE 200, CHATTANOOGA, TN 37402
- Signed the 990
- YOLONDA HAYSLETT, VP, FINANCE & OPERATIONS
- Phone
- (423) 756-2121
- Website
- CHATTANOOGACHAMBER.COM
- Return prepared by
- MAULDIN & JENKINS LLC
Mission
EDUCATION REGARDING MATTERS OF PUBLIC CONCERN TO IMPROVE THE QUALITY AND INCREASE THE QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES.
Program accomplishments
- ECONOMIC DEVELOPMENT - PURPOSE IS TO ATTRACT NEW BUSINESS AND INDUSTRY TO THE CHATTANOOGA AREA, AS WELL AS ENCOURAGE EXPANSION IN EXISTING BUSINESSES.Expenses $6,980,074 · revenue $455,086
- 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.Expenses $314,520 · revenue $1,383,734
- 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.Expenses $34,070
- COMMUNITY IMPROVEMENT-PLANNING, IMPLEMENTATION AND MAINTENANCE OF NEIGHBORHOOD DEVELOPMENT INITIATIVES, INCLUDING BEAUTIFICATION, PROMOTION AND EDUCATION. IT ALSO INCLUDES CHATT 2.0, WHICH IS A COMMUNITY-LED MOVEMENT TO ADDRESS EDUCATION AND WORKFORCE OPPORTUNITIES IN HAMILTON COUNTY.Expenses $36,857 · revenue $12,787
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7032834
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $11,167,709
- Income (IRS master file)
- $10,682,723
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,364,287 | $8,520,005 | $11,167,709 | IRS |
| 990 | June 2024 | $5,705,485 | $6,117,298 | $7,394,296 | XML |
| 990 | June 2023 | $5,902,246 | $5,527,535 | $7,846,474 | XML |
| 990 | June 2022 | $4,207,159 | $4,465,977 | $7,823,041 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7032834).
Questions about CHATTANOOGA CHAMBER FOUNDATION
- What is the EIN of CHATTANOOGA CHAMBER FOUNDATION?
- The employer identification number (EIN) of CHATTANOOGA CHAMBER FOUNDATION is 23-7032834.
- Is CHATTANOOGA CHAMBER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to CHATTANOOGA CHAMBER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHATTANOOGA CHAMBER FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHATTANOOGA CHAMBER FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHATTANOOGA CHAMBER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHATTANOOGA CHAMBER FOUNDATION?
- The 990 for the year ended June 30, 2025 names CHARLES WOOD.
- Who are the officers and directors of CHATTANOOGA CHAMBER FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 5 received compensation from the organization, the highest $228,483 (CHARLES WOOD, PRESIDENT/CEO).
- How much revenue does CHATTANOOGA CHAMBER FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,364,287, expenses of $8,520,005 and total assets of $11,167,709 at year end.
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- UNITED WAY OF GREATER CHATTANOOGA EIN 62-0565962 · last filed 990 for 2025
- CHA CHARITABLE BENEFIT CORPORATION EIN 99-0496928 · last filed 990 for 2025
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- RIVERVIEW FOUNDATION INC EIN 27-5485912 · last filed 990-PF for 2024
- PATHFINDER FOUNDATION INC EIN 27-5487095 · last filed 990-PF for 2023
All nonprofits in CHATTANOOGA · Tennessee · Philanthropy, voluntarism and grantmaking foundations