Chattanooga Technology Council INC

Tax-deductible

Chattanooga, TN501(c)(3)Community DevelopmentEIN 06-1661001Revenue $201K in FY2024

On file with the IRSchatechcouncil.org100 Cherokee Blvd Ste 103, 37405-3879 · Chattanooga, TNTax-exempt since Oct 2003Publicly supported — 509(a)(2)

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Our mission is to connect chattanooga's Technology sector to help drive economic growth across the region.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 100 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $5K a year · 2% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 39% of spending
Top officer’s pay lower than 53% of similar orgs
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $69
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$477
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
-16% vs prior year
Spent
$181K
To programs
75%
Net assets
$52K
By yearFY2021–FY2024
Revenue
$201K
FY2024▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$167K
FY2022$236K
FY2023$240K
FY2024$201K
Expenses
$181K
FY2024▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$262K
FY2023$250K
FY2024$181K
Net assets
$52K
FY2024▲ +67%
Tap a bar for its year
Net assets by fiscal year
FY2021$75K
FY2022$49K
FY2023$31K
FY2024$52K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $135K Management & general 22% · $40K Fundraising 3% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$70,020Pt VII · Sec A
Committee Chair - Chatech
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Austin Corcoran’s $70K as Executive Director is at the 47th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Austin Corcoran$70,020$43,669—
Walton Robinson——$67,308

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Chattanooga Technology Council INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects Chattanooga's tech sector to drive regional economic growth.

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Provided by the organization

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1 program · $135K · in their own filed words · FY2024
01

The chattanooga technology council promotes the growth of technology in business and education throughout the greater chattanooga area. Membership is open to companies supporting this growth.

$135Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$69

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$201K
Ln 12
Fees for servicesLn 2g$99K
Gifts and grantsLn 1h$79K
Other incomeLn 4–11$24K
Money outPt IX
$181K
Ln 25
Programscol B$135K
Managementcol C$40K
Fundraisingcol D$6K
Owns and owesPt X
$52K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$52K
LiabilitiesLn 26$477
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Fees for servicesLn 2g$99K
Other incomeLn 4–11$24K
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Total assetsLn 16$52K
LiabilitiesLn 26$477
Net assetsLn 32$52K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$33K$41K
Total assetsLn 16$37K$52K
LiabilitiesLn 26$6K$477
Net assetsLn 32$31K$52K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$100K$80K$15K$5K
Other employee benefitsLn 9$5K$5K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$617$206$206$205
Office expensesLn 13$9K$1K$7K
OccupancyLn 16$5K$3K$2K$524
TravelLn 17$7K$7K
InsuranceLn 23$2K$1K$1K
Other expenses (24a–d)Ln 24$47K$43K$4K
All other expensesLn 24e$898$898
Total functional expensesLn 25$181K$135K$40K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $201K$181K$21K$52K 990 PDF
FY2023 $240K$250K−$10K$31K 990 PDF
FY2022 $236K$262K−$26K$49K 990 PDF
FY2021 $167K$75K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $201,277 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,429$78,527
I-9 Program service revenuePrior year $98,708$98,778
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $8,310$23,972
I-12 Total revenuePrior year $240,447$201,277
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $169,311$105,107
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $81,123$75,472
I-18 Total expensesPrior year $250,434$180,579
I-19 Revenue less expensesPrior year −$9,987$20,698
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $201,277 across 6 lines filed
VIII-1b Membership dues$11,100
VIII-1f All other contributions, gifts and grants$67,427
VIII-1h Total contributions, gifts and grants$78,527
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $98,778$98,778
VIII-8 Net income from fundraising eventsExcluded from tax $23,972$23,972
VIII-12 Total revenueRelated to mission $98,778 · Unrelated business $0 · Excluded from tax $23,972$201,277
Part IX · Statement of functional expenses $180,579 across 10 lines filed
IX-7 Other salaries and wagesPrograms $80,294 · Management $15,055 · Fundraising $5,018$100,367
IX-9 Other employee benefitsManagement $4,740$4,740
IX-11c Accounting feesManagement $4,051$4,051
IX-12 Advertising and promotionPrograms $206 · Management $206 · Fundraising $205$617
IX-13 Office expensesPrograms $1,301 · Management $7,370$8,671
IX-16 OccupancyPrograms $2,619 · Management $2,095 · Fundraising $524$5,238
IX-17 TravelPrograms $6,627$6,627
IX-23 InsurancePrograms $1,008 · Management $1,008$2,016
IX-24 Other expenses (24a–d)Programs $42,935 · Management $4,419$47,354
IX-24e All other expensesManagement $898$898
IX-25 Total functional expensesPrograms $134,990 · Management $39,842 · Fundraising $5,747$180,579
Part X · Balance sheet $51,983 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $33,185$41,288
X-4 Accounts receivable$7,253
X-14 Intangible assetsStart of year $3,433$3,442
X-16 Total assetsStart of year $36,618$51,983
X-18 Grants payableStart of year $5,810$477
X-26 Total liabilitiesStart of year $5,810$477
X-27 Net assets without donor restrictionsStart of year $30,808$51,506
X-32 Total net assets or fund balancesStart of year $30,808$51,506
X-33 Total liabilities and net assetsStart of year $36,618$51,983
Part XI · Reconciliation of net assets $51,506 net assets at year end
XI-1 Total revenue$201,277
XI-2 Total expenses$180,579
XI-3 Revenue less expenses$20,698
XI-4 Net assets at start of year$30,808
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$51,506

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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