Chattanooga Design Studio FY2021 filing

Tax-deductible

Chattanooga, TN501(c)(3)Community DevelopmentEIN 47-3183435Revenue $914K in FY2021

On file with the IRSchattanoogastudio.com850 Market Street, 37402-2644 · Chattanooga, TNTax-exempt since Sep 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Chattanooga Design Studio is to enhance chattanooga's quality of life by educating the community about, advocating for and facilitating excellent urban Design.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
3 of 5
filings with a surplus
Average surplus $36K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$54K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 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
$914K
-0.2% vs prior year
Spent
$905K
To programs
89%
Net assets
$705K
By yearFY2020–FY2024
Revenue
$914K
FY2021-0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$916K
FY2021$914K
FY2022$535K
FY2023$667K
FY2024$2.7M
Expenses
$905K
FY2021▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$768K
FY2021$905K
FY2022$558K
FY2023$1.0M
FY2024$2.3M
Net assets
$705K
FY2021▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$696K
FY2021$705K
FY2022$681K
FY2023$310K
FY2024$726K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $803K Management & general 10% · $91K Fundraising 1% · $10K

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

16 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$106,523Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eric Myers’s $114K as President is at the 27th percentile of top reported officer pay among 2832 $1–10M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Eric Myers$113,705$112,739$113,185$106,523$110,690

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 Design Studio 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 15aYes

Programs and updates

Promotes excellent urban design to improve community quality of life.

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Provided by the organization

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2 programs · $803K · in their own filed words · FY2021
01

City R & D

The studio continues to convene and to facilitate the design of a quality public realm and maintaining a critical eye on the role of the public and private components of the built environment. Projects like patten parkway, frist street steps, walnut plaza, 26TH street all improve public spaces in our city.

$512Kprogram expense
02

City Institute

The design studio engages students and academia through several events and activities, including summer internships, project-based learning and academic exchanges with regional universities.

$291Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$1.0M

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$914K
Ln 12
Gifts and grantsLn 1h$913K
Investment incomeLn 3$261
Money outPt IX
$905K
Ln 25
Programscol B$803K
Managementcol C$91K
Fundraisingcol D$10K
Owns and owesPt X
$705K
net assets · Ln 32
Cash and savingsLn 1–2$429K
Total assetsLn 16$759K
LiabilitiesLn 26$54K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$913K
Government grantsLn 1e$153K
Investment incomeLn 3$261
Total revenueLn 12$914K
Assets in detailPt X, end of year
CashLn 1$429K
Cash and savings togetherLn 1–2$429K
Land, buildings, equipmentLn 10c$23K
Other assetsLn 15$3K
Total assetsLn 16$759K
LiabilitiesLn 26$54K
Net assetsLn 32$705K
OperationsPt I, VI
EmployeesI 513
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$249K$429K
Land, buildings, equipmentLn 10c$31K$23K
Total assetsLn 16$764K$759K
LiabilitiesLn 26$68K$54K
Net assetsLn 32$696K$705K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$84K$23K$3K
Other salaries and wagesLn 7$139K$106K$29K$4K
Pension plan contributionsLn 8$7K$5K$1K$184
Other employee benefitsLn 9$21K$16K$4K$581
Payroll taxesLn 10$18K$14K$4K$506
Legal feesLn 11b$660$99$545$16
Accounting feesLn 11c$23K$4K$19K$585
Advertising and promotionLn 12$10K$10K$401$100
Office expensesLn 13$21K$18K$2K$373
OccupancyLn 16$16K$11K$4K$780
InterestLn 20$304$213$76$15
Depreciation, depletion and amortizationLn 22$8K$7K$310$77
InsuranceLn 23$4K$1K$3K$137
Other expenses (24a–d)Ln 24$529K$529K
Total functional expensesLn 25$905K$803K$91K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$2.3M$416K$726K 990 PDF
FY2023 $667K$1.0M−$371K$310K 990 PDF
FY2022 $535K$558K−$24K$681K 990 PDF
FY2021 Viewing $914K$905K$9K$705K 990 PDF
FY2020 $916K$768K$148K$696K 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 FY2021 990 (6 parts)
Part I · Summary $913,559 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $871,166$913,298
I-9 Program service revenuePrior year $19,817$0
I-10 Investment incomePrior year $333$261
I-11 Other revenuePrior year $24,201$0
I-12 Total revenuePrior year $915,517$913,559
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 $295,778$293,858
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $471,878$611,123
I-18 Total expensesPrior year $767,656$904,981
I-19 Revenue less expensesPrior year $147,861$8,578
Part VI · Governance 15 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $913,559 across 5 lines filed
VIII-1e Government grants$153,200
VIII-1f All other contributions, gifts and grants$760,098
VIII-1h Total contributions, gifts and grants$913,298
VIII-3 Investment incomeExcluded from tax $261$261
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $261$913,559
Part IX · Statement of functional expenses $904,981 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,770 · Management $23,100 · Fundraising $3,094$109,964
IX-7 Other salaries and wagesPrograms $105,670 · Management $29,138 · Fundraising $3,902$138,710
IX-8 Pension plan contributionsPrograms $4,995 · Management $1,378 · Fundraising $184$6,557
IX-9 Other employee benefitsPrograms $15,736 · Management $4,339 · Fundraising $581$20,656
IX-10 Payroll taxesPrograms $13,690 · Management $3,775 · Fundraising $506$17,971
IX-11b Legal feesPrograms $99 · Management $545 · Fundraising $16$660
IX-11c Accounting feesPrograms $3,506 · Management $19,281 · Fundraising $585$23,372
IX-12 Advertising and promotionPrograms $9,515 · Management $401 · Fundraising $100$10,016
IX-13 Office expensesPrograms $18,117 · Management $2,373 · Fundraising $373$20,863
IX-16 OccupancyPrograms $10,922 · Management $3,901 · Fundraising $780$15,603
IX-20 InterestPrograms $213 · Management $76 · Fundraising $15$304
IX-22 Depreciation, depletion and amortizationPrograms $7,356 · Management $310 · Fundraising $77$7,743
IX-23 InsurancePrograms $1,365 · Management $2,533 · Fundraising $137$4,035
IX-24 Other expenses (24a–d)Programs $528,527$528,527
IX-25 Total functional expensesPrograms $803,481 · Management $91,150 · Fundraising $10,350$904,981
Part X · Balance sheet $759,130 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $249,449$428,656
X-4 Accounts receivableStart of year $481,000$303,995
X-10c Land, buildings and equipment, netStart of year $30,916$23,173
X-15 Other assetsStart of year $3,113$3,306
X-16 Total assetsStart of year $764,478$759,130
X-17 Accounts payable and accrued expensesStart of year $5,207$53,177
X-19 Deferred revenueStart of year $50,200$0
X-26 Total liabilitiesStart of year $68,342$54,416
X-27 Net assets without donor restrictionsStart of year $253,424$516,928
X-28 Net assets with donor restrictionsStart of year $442,712$187,786
X-32 Total net assets or fund balancesStart of year $696,136$704,714
X-33 Total liabilities and net assetsStart of year $764,478$759,130
Part XI · Reconciliation of net assets $704,714 net assets at year end
XI-1 Total revenue$913,559
XI-2 Total expenses$904,981
XI-3 Revenue less expenses$8,578
XI-4 Net assets at start of year$696,136
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$704,714

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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