Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
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
11 people listed on the 990; $594K paid to officers and key staff.
Charles Wood’s $228K as President/CEO is at the 48th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Christine Gillenwater | — | — | $246,083 | $257,854 | $222,412 | $250,019 |
| Charles Wood | $228,483 | $213,074 | $179,675 | $172,814 | $167,301 | $162,679 |
| Katherine Randolph | $171,422 | $161,803 | — | — | — | — |
| Adam Myers | $128,025 | — | — | — | — | — |
| Molly Blankenship | — | — | — | — | $120,090 | $100,897 |
| Cheryl Millsaps | — | — | $77,910 | $102,603 | $84,084 | $71,618 |
| Lorne Steedly | $102,199 | — | — | — | — | — |
| Yolonda Hayslett | $72,203 | $67,970 | — | — | — | — |
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.
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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 15aYes
Programs and updates
Educates the public to boost economic growth and create more jobs.
Questions for Chattanooga Chamber Foundation
Your first name shows with your question. Chattanooga Chamber Foundation answers here, for everyone.
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Economic 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.0M | $2.6M |
| InvestmentsLn 11–13 | $131K | $202K |
| Land, buildings, equipmentLn 10c | $2.7M | $2.6M |
| Total assetsLn 16 | $6.2M | $7.0M |
| LiabilitiesLn 26 | $1.2M | $1.1M |
| Net assetsLn 32 | $5.0M | $6.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $708K | $639K | $58K | $10K |
| Other salaries and wagesLn 7 | $1.4M | $1.1M | $42K | $207K |
| Other employee benefitsLn 9 | $306K | $260K | $11K | $34K |
| Payroll taxesLn 10 | $139K | $119K | $6K | $14K |
| Legal feesLn 11b | $34K | $34K | ||
| Accounting feesLn 11c | $33K | $33K | $15 | |
| Other fees for servicesLn 11g | $144K | $126K | $17K | $1K |
| Advertising and promotionLn 12 | $235K | $235K | $245 | |
| Office expensesLn 13 | $26K | $25K | $921 | $13 |
| Information technologyLn 14 | $879K | $834K | $44K | |
| OccupancyLn 16 | $237K | $171K | $66K | |
| TravelLn 17 | $22K | $21K | $590 | |
| Conferences, conventions and meetingsLn 19 | $12K | $12K | ||
| Depreciation, depletion and amortizationLn 22 | $148K | $148K | ||
| InsuranceLn 23 | $14K | $11K | $2K | |
| Other expenses (24a–d)Ln 24 | $542K | $513K | $29K | |
| Total functional expensesLn 25 | $4.9M | $4.2M | $427K | $268K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $10.4M | $8.5M | $1.8M | $7.6M | 990 PDF |
| FY2024 | $5.7M | $6.1M | −$412K | $5.7M | 990 PDF |
| FY2023 | $5.9M | $5.5M | $375K | $6.1M | 990 PDF |
| FY2022 | $4.2M | $4.5M | −$259K | $5.7M | 990 PDF |
| FY2021 Viewing | $5.8M | $4.9M | $883K | $6.0M | 990 PDF |
| FY2020 | $4.2M | $4.0M | $283K | $5.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $5,758,264 revenue, 12 lines filed
Part VI · Governance 7 of 8 board members independent, no flags
Part VIII · Statement of revenue $5,758,264 across 8 lines filed
Part IX · Statement of functional expenses $4,874,979 across 16 lines filed
Part X · Balance sheet $7,015,826 assets, 16 lines filed
Part XI · Reconciliation of net assets $5,951,164 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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