Nonprofit · EIN 62-6045999
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC
Tax-exempt · CHATTANOOGA, TN 37408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $48,049,930 | $31,066,028 | $16,983,902 | $245,328,670 | $5,050,565 | $240,278,105 |
| December 31, 2023 | 990 | $40,039,198 | $29,127,013 | $10,912,185 | $226,608,341 | $5,948,953 | $220,659,388 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $29,461,797
- of which government grants
- $600
- Program service revenue
- $0
- Investment income
- $18,556,626
- Net gain from sales of assets
- $12,944,920
- Other revenue
- $31,507
Expenses
- Grants and similar amounts paid
- $27,451,355
- Compensation of officers, directors and key employees
- $427,917
- Other salaries and wages
- $1,162,576
- Salaries, compensation and benefits (total)
- $2,003,852
- Professional fundraising fees
- $0
- Legal fees
- $122,971
- Accounting fees
- $35,638
- Occupancy
- $31,902
- Travel
- $13,326
- Depreciation
- $85,747
- Program services (functional)
- $28,097,094
- Management and general (functional)
- $2,640,202
- Fundraising (functional)
- $328,732
Balance sheet and other
- Total assets, start of year
- $226,608,341
- Total assets, end of year
- $245,328,670
- Total liabilities, end of year
- $5,050,565
- Net assets, end of year
- $240,278,105
- Land, buildings and equipment
- $1,979,851
- Publicly traded securities
- $158,541,752
- Net assets without donor restrictions
- $182,173,020
- Net assets with donor restrictions
- $58,105,085
- Gross unrelated business income
- $154,137
- Gross receipts
- $70,611,000
- Employees
- 19
- Volunteers
- 35
- Year formed
- 1963
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAEGHAN JONES | PRESIDENT AND CEO Officer | 40 | $222,447 | $32,548 |
| REBECCA UNDERWOOD | VP OF FINANCE & ADMINISTRATION Officer | 40 | $144,429 | $28,493 |
| CAROLINE VON KESSLER | VP OF PHILANTHROPY Highest-paid employee | 40 | $119,515 | $25,733 |
| QUENTIN LAWRENCE | VP, COMMUNITY INVESTMENT Highest-paid employee | 40 | $100,455 | $13,436 |
| CHARLIE BROCK | EX-OFFICIO CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHERYL KEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DALLAS JOSEPH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR RUTH LIU | Chair Elect Trustee or director, Officer | 1 | $0 | $0 |
| LORIE RUNGE | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| SKIP SCHWARTZ | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| ANDREA HARDAWAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS MCKEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIELA PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR DAVE BHATTACHARYA | DIRECTOR Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR LE ANDREA WARE | DIRECTOR Trustee or director | 1 | $0 |
| GENE GEIGER | DIRECTOR Trustee or director | 1 | $0 |
| Martha Leiper | DIRECTOR Trustee or director | 1 | $0 |
| Tejani Niti | DIRECTOR Trustee or director | 1 | $0 |
| ANSLEY MOSES | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAEGHAN JONES | PRESIDENT AND CEO Officer | 40 | $213,191 | $32,046 |
| REBECCA UNDERWOOD | VP OF FINANCE & ADMINISTRATION Officer | 1 | $144,206 | $28,759 |
| CAROLINE VON KESSLER | VP OF PHILANTHROPY Highest-paid employee | 1 | $113,161 | $25,629 |
| MARISA OGLES | SR DIRECTOR OF DONOR SERVICES Highest-paid employee | 1 | $100,944 | $20,118 |
| CHARLIE BROCK | EX-OFFICIO CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BEN BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENE GEIGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIELA PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR RUTH LIU | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR SHEWANEE HOWARD-BAPTISTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREA HARDAWAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR DAVE BHATTACHARYA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAY RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG WILLETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR LE ANDREA WARE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SKIP SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RONDELL CRIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHERYL KEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LORIE RUNGE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DALLAS JOSEPH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANSLEY MOSES | SECRETARY Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 WILLIAMS ST, CHATTANOOGA, TN 37408-1140
- Principal officer (990 for 2024)
- Maeghan Jones, 1400 Williams Street, Chattanooga, TN 37408
- Signed the 990
- Maeghan Jones, President
- Phone
- (423) 265-0586
- Website
- cfgc.org
- Return prepared by
- Mauldin & Jenkins LLC
Mission
TOGETHER WITH OUR COMMUNITY AND PARTNERS, WE TRANSFORM GENEROSITY INTO LASTING CHANGE TOWARDS A PROSPEROUS AND JUST CHATTANOOGA WHERE ALL CAN THRIVE AND ACHIEVE THEIR FULL POTENTIAL.
Program accomplishments
- Providing scholarships, impact investing, and grants to support affordable housing and shelter; mental wellbeing; access to affordable healthcare; workforce development; educational, civic and cultural programs, and to address hunger.Expenses $28,097,094 · grants $27,451,355
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-6045999
- 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
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $245,328,670
- Income (IRS master file)
- $70,611,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $48,049,930 | $31,066,028 | $245,328,670 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $40,039,198 | $29,127,013 | $226,608,341 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $43,156,399 | $26,150,391 | $209,491,622 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 62-6045999).
Questions about COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC
- What is the EIN of COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC?
- The employer identification number (EIN) of COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC is 62-6045999.
- Is COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC 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 COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC?
- The 990 for the year ended December 31, 2024 names Maeghan Jones.
- Who are the officers and directors of COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 4 received compensation from the organization, the highest $222,447 (MAEGHAN JONES, PRESIDENT AND CEO).
- How much revenue does COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $48,049,930, expenses of $31,066,028 and total assets of $245,328,670 at year end.
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All nonprofits in CHATTANOOGA · Tennessee · Philanthropy, voluntarism and grantmaking foundations