2024-07-17T10:55:27-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 200 W MLK BLVD STE 1100 CHATTANOOGA TN 374021239 990 2022-07-01 237032834 CHATTANOOGA CHAMBER FOUNDATION CHAT 4237562121 811 BROAD ST SUITE 100 CHATTANOOGA TN 37402 YOLONDA HAYSLETT VP, FINANCE & OPERATIONS 4237562121 2024-07-16 1 YOLONDA HAYSLETT 999009999 0 MATTHEW T HISEY P01293572 4237566133 2024-07-16 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHARLES WOOD 811 BROAD ST SUITE 100 CHATTANOOGA TN 37402 6207708 0 X CHATTANOOGACHAMBER.COM X 1969 TN EDUCATION REGARDING MATTERS OF PUBLIC CONCERN TO IMPROVE THE QUALITY AND INCREASE THE QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES. 8 7 53 527 0 0 3158168 4618590 1060510 982829 7625 10961 -19144 289866 4207159 5902246 0 0 0 0 2512543 2980446 0 0 499612 1953434 2547089 4465977 5527535 -258818 374711 7823041 7846474 2157331 1771306 5665710 6075168 X EDUCATION REGARDING MATTERS OF PUBLIC CONCERN TO IMPROVE THE QUALITY AND INCREASE THE QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES. 0 0 246434 466542 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. 3988387 516287 ECONOMIC DEVELOPMENT-PURPOSE IS TO ATTRACT NEW BUSINESS AND INDUSTRY TO THE CHATTANOOGA AREA, AS WELL AS ENCOURAGE EXPANSION IN EXISTING BUSINESSES. 85995 468735 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. 21864 126593 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. 21864 126593 4342680 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 133 0 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X X MS YOLONDA HAYSLETT 4237562121 811 BROAD ST SUITE 100 CHATTANOOGA TN 37402 CHRISTINE GILLENWATER PRESIDENT/CEO 24.00 16.00 X X 246083 61521 50410 ROY D VAUGHN DIRECTOR 1.00 X 0 0 0 PAUL LEATH DIRECTOR 1.00 X 0 0 0 JANELLE REILLY DIRECTOR 1.00 X 0 0 0 DAVID WADE DIRECTOR 1.00 X 0 0 0 JAY DALE DIRECTOR 1.00 X 0 0 0 BRAD COBB DIRECTOR 1.00 X 0 0 0 MICHAEL MATHIS DIRECTOR 1.00 X 0 0 0 CHERYL MILLSAPS V/P FINANCE AND ADMINISTRA 24.00 16.00 X 77910 43298 22010 CHARLES WOOD V/P ECONOMIC DEVELOPMENT 40.00 X 179675 0 20508 503668 104819 92928 2 0 1 0 P&C CONSTRUCTION 1037 W MAIN ST CHATTANOOGA TN 37402 BUILDING IMPROVEMENTS 534465 DEVELOPMENT COUNCELORS INC 215 PARK AVENUE SOUTH SUITE 1403 NEW YORK NY 10003 CONSULTING SERVICES - MARKETING 153664 WINXNET 5811 LEE HWY CHATTANOOGA TN 37421 BUILDING IMPROVEMENTS 149598 INTEC 6111 HERITAGE PARK DR SUITE A100 CHATTANOOGA TN 37416 BUILDING IMPROVEMENTS 146115 HUNT COMMERCIAL REAL ESTATE 832 GEORGIA AVE STE 330 CHATTANOOGA TN 37402 PROPERTY MGMT CONSULTING 116498 5 2500706 2117884 4618590 ECONOMIC DEVELOPMENT 900099 516287 516287 EVENTS, SEMINARS AND OTHER PROGRA 900099 466542 466542 982829 10961 10961 468735 305462 163273 163273 468735 -305462 SERVICE AND OTHER INCOME 900099 126593 126593 126593 5902246 1578157 0 -294501 X 559214 467192 37682 54340 1905244 1601973 116933 186338 345949 278777 34760 32412 170039 143554 11217 15268 40340 10609 29731 45718 45616 102 747070 535622 10079 201369 207688 203339 685 3664 44127 31524 11846 757 181842 144381 37461 296381 226927 69454 108982 108426 547 9 111520 109115 1000 1405 251944 251944 28601 26188 2413 MAINTENANCE 175986 164562 11424 PROGRAM DEVELOPMENT 174457 174457 MISCELLANEOUS 132433 70418 57965 4050 5527535 4342680 685243 499612 1306977 779432 836333 840958 1200000 1129875 66415 211422 24990 50174 6687358 2920457 3841625 3766901 174926 209673 371775 858039 7823041 7846474 620916 259326 192944 168509 16815 16815 1326656 1326656 2157331 1771306 X 4525910 4885247 1139800 1189921 5665710 6075168 7823041 7846474 374711 34747 0 X 0 1 X 0 1 1 X 3483735 3539504 4862854 3158168 4618590 19662851 3483735 3539504 4862854 3158168 4618590 19662851 2321535 17341316 253038 172792 152976 250828 479696 1309330 33819 51700 27044 15290 126593 254446 21226627 4650242 0.81700 0.80240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 16815 16815 1 X 144300 144300 4872109 1512133 3359976 995453 877411 118042 675496 530913 144583 3766901 DUE FROM GREATER CHATTANOOGA AREA CHAMBER OF COMMERCE 858039 858039 X 6242455 34747 34747 6207708 -305462 -305462 5902246 5832997 305462 305462 5527535 0 5527535 PART IV, LINE 2B: CHATTANOOGA CHAMBER FOUNDATION ACTS AS AGENT OF THE CENTER FOR ENTREPRENEURIAL GROWTH INITIATIVE FOR HAMILTON COUNTY, TENNESSEE AND HOLDS FUNDS TOTALING $14,841 AS OF JUNE 30, 2023. FUNDS ARE RELEASED FOR OPERATING EXPENSES UNDER COUNTY AUTHORIZATION ON A MONTHLY BASIS. CHATTANOOGA CHAMBER FOUNDATION ALSO HOLDS CERTAIN OTHER DEPOSITS FOR OTHER ORGANIZATIONS UNDER A SIMILAR ARRANGEMENT. THOSE FUNDS TOTAL $1,974 AS OF JUNE 30, 2023. SECURITY DEPOSITS RELATED TO LEASE AGREEMENTS TOTALING $66,593 ARE HELD IN ESCROW ACCOUNTS AGAINST DAMAGES TO LEASED PROPERTIES. PART X, LINE 2: THE FOUNDATION FOLLOWS STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S NON-TAXABLE STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -305,462. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 305,462. X X 0 0 X X X 0 0 0 0 0 0 0 1 0 CHRISTINE GILLENWATER PRESIDENT/CEO 179936 44984 60000 15000 6147 1537 23200 5800 17128 4282 286411 71603 0 0 CHARLES WOOD V/P ECONOMIC DEVELOPMENT 179321 0 0 0 354 0 18166 0 2342 0 200183 0 0 0 PART I, LINE 1A PART I, LINE 1A. THE ORGANIZATION PROVIDES FIRST CLASS OR CHARTER TRAVEL IN CONNECTION WITH THE REQUIREMENTS OF THE CEO TO OCCASIONALLY TRAVEL AND PROVIDES SOCIAL OR HEALTH CLUB DUES AS A WAY TO FACILITATE CONNECTION OF THE CEO TO OTHER LEADERS IN THE COMMUNITY. PART I, LINE 7 THE BOARD SETS STRATEGIC GOALS FOR THE ORGANIZATION AND REWARDS MANAGEMENT FOR MEETING BENCHMARKS TO ACHIEVE THOSE GOALS. THE GOALS AND POTENTIAL REWARDS ARE SPECIFIED IN THE EXECUTIVE DIRECTOR'S EMPLOYMENT CONTRACT AND ARE ANNUALLY EVALUATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION ANNOUNCES TO THE BOARD WHEN THE FORM 990 IS AVAILABLE, AND MAKES IT AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS DUE TO BUSINESS RELATIONSHIPS ARE DOCUMENTED ON DISLOSURE FORM. EACH DIRECTOR IS EXPECTED TO SELF-REPORT CONFLICTS OF INTEREST THAT MIGHT AFFECT TOPICS COMING UP FOR VOTE, AND TO ABSTAIN FROM SUCH VOTES. THE CHAIRMAN OF THE BOARD OF DIRECTORS ENFORCES THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A ANNUAL PERFORMANCE REVIEWS COMPARE PERFORMANCE TO REQUIREMENTS OF JOB DESCRIPTIONS AND AGREED UPON AND DOCUMENTED GOALS ESTABLISHED AT THE BEGINNING OF THE APPRAISAL PERIOD. FOR MANAGEMENT OTHER THAN THE CEO, RECOMMENDATIONS FOR SALARY INCREASES ARE SUBMITTED BY CEO AFTER REVIEW AGAINST COMPARABILITY DATA AND THEN REVIEWED BY CFO AGAINST COMPARABILITY DATA AND AVAILABLE COMPENSATION POOL. FOR THE CEO'S SALARY, THE CFO SUBMITS TO THE BOARD'S COMPENSATION COMMITTEE HISTORICAL SALARY DATA AND PERFORMANCE BONUS HISTORY AS WELL AS BENCHMARK SALARY SURVEYS THAT ARE PERTINENT. A STUDY TYPICALLY USED FOR THIS PURPOSE IS DONE BY THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES WHICH GIVES BENCHMARKS FOR CHAMBERS BASED ON COMMUNITY SIZE AND REVENUE LEVELS. THE CEO MEETS WITH THE COMPENSATION COMMITTEE TO DISCUSS ACCOMPLISHMENTS AND ATAINMENT OF BENCHMARKS THAT WERE SET. AFTER MEETING WITH THE CEO, THE COMMITTEE SEPARATELY REVIEWS ALL INFORMATION TO DETERMINE THE SALARY TO BE AWARDED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 535,622. MANAGEMENT AND GENERAL EXPENSES 10,079. FUNDRAISING EXPENSES 201,369. TOTAL EXPENSES 747,070. GREATER CHATTANOOGA AREA CHAMBER OF COMMERCE 811 BROAD ST SUITE 100 CHATTANOOGA TN 37402 620154480 CIVIC LEAGUE TN 501(C)(6) N/A 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 GREATER CHATTANOOGA AREA CHAMBER OF COMMERCE J 108292 ACTUAL PAID GREATER CHATTANOOGA AREA CHAMBER OF COMMERCE O 1055714 ACTUAL PAID GREATER CHATTANOOGA AREA CHAMBER OF COMMERCE D 858039 EOY BALANCE