Chattanooga Design Studio FY2022 filing

Tax-deductible

Chattanooga, TN501(c)(3)Community DevelopmentEIN 47-3183435

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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.
78¢ of each $1 spent went to programs.
$113K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 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
$50K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$535K
-41% vs prior year
Spent
$558K
To programs
78%
Net assets
$681K
By yearFY2020–FY2024
Revenue
$535K
FY2022▼ -41%
Revenue by fiscal year
FY2020$916K
FY2021$914K
FY2022$535K
FY2023$667K
FY2024$2.7M
Expenses
$558K
FY2022▼ -38%
Expenses by fiscal year
FY2020$768K
FY2021$905K
FY2022$558K
FY2023$1.0M
FY2024$2.3M
Net assets
$681K
FY2022▼ -3%
Net assets by fiscal year
FY2020$696K
FY2021$705K
FY2022$681K
FY2023$310K
FY2024$726K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

78 cents of each dollar spent went to programs.

Program services 78% · $436K Management & general 19% · $109K Fundraising 2% · $14K

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

13 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$113,185Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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.

Provided by the organization

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2 program services account for $436K of program spending, described in the organization's own filed words · FY2022.
01

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.

$267Kprogram expense
02

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.

$169Kprogram expense

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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 FY2022 990, line by line.

1The main four
Money inPt VIII
$535K
Ln 12
Gifts and grantsLn 1h$531K
Fees for servicesLn 2g$3K
Investment incomeLn 3$515
Money outPt IX
$558K
Ln 25
Programscol B$436K
Managementcol C$109K
Fundraisingcol D$14K
Owns and owesPt X
$681K
net assets · Ln 32
Cash and savingsLn 1–2$617K
Total assetsLn 16$731K
LiabilitiesLn 26$50K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$531K
Government grantsLn 1e$34K
Fees for servicesLn 2g$3K
Investment incomeLn 3$515
Total revenueLn 12$535K
Assets in detailPt X, end of year
CashLn 1$617K
Cash and savings togetherLn 1–2$617K
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$45K
Total assetsLn 16$731K
LiabilitiesLn 26$50K
Net assetsLn 32$681K
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 FY22End FY22
Cash and savingsLn 1–2$429K$617K
Land, buildings, equipmentLn 10c$23K$24K
Total assetsLn 16$759K$731K
LiabilitiesLn 26$54K$50K
Net assetsLn 32$705K$681K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$119K$86K$29K$4K
Other salaries and wagesLn 7$141K$102K$34K$5K
Pension plan contributionsLn 8$4K$3K$999$157
Other employee benefitsLn 9$18K$13K$4K$681
Payroll taxesLn 10$21K$15K$5K$785
Legal feesLn 11b$872$131$719$22
Accounting feesLn 11c$29K$4K$24K$729
Advertising and promotionLn 12$6K$6K$255$64
Office expensesLn 13$28K$24K$4K$565
OccupancyLn 16$17K$12K$4K$861
InterestLn 20$4$3$1
Depreciation, depletion and amortizationLn 22$10K$9K$395$99
InsuranceLn 23$4K$2K$3K$153
Other expenses (24a–d)Ln 24$160K$160K
Total functional expensesLn 25$558K$436K$109K$14K

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 Viewing $535K$558K−$24K$681K 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $534,551 across 6 lines filed
VIII-1e Government grants$33,730
VIII-1f All other contributions, gifts and grants$497,205
VIII-1h Total contributions, gifts and grants$530,935
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,101$3,101
VIII-3 Investment incomeExcluded from tax $515$515
VIII-12 Total revenueRelated to mission $3,101 · Unrelated business $0 · Excluded from tax $515$534,551
Part IX · Statement of functional expenses $558,440 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $85,944 · Management $28,543 · Fundraising $4,498$118,985
IX-7 Other salaries and wagesPrograms $101,737 · Management $33,787 · Fundraising $5,325$140,849
IX-8 Pension plan contributionsPrograms $3,007 · Management $999 · Fundraising $157$4,163
IX-9 Other employee benefitsPrograms $13,001 · Management $4,318 · Fundraising $681$18,000
IX-10 Payroll taxesPrograms $14,996 · Management $4,980 · Fundraising $785$20,761
IX-11b Legal feesPrograms $131 · Management $719 · Fundraising $22$872
IX-11c Accounting feesPrograms $4,379 · Management $24,086 · Fundraising $729$29,194
IX-12 Advertising and promotionPrograms $6,056 · Management $255 · Fundraising $64$6,375
IX-13 Office expensesPrograms $23,959 · Management $3,529 · Fundraising $565$28,053
IX-16 OccupancyPrograms $12,059 · Management $4,307 · Fundraising $861$17,227
IX-20 InterestPrograms $3 · Management $1$4
IX-22 Depreciation, depletion and amortizationPrograms $9,375 · Management $395 · Fundraising $99$9,869
IX-23 InsurancePrograms $1,526 · Management $2,700 · Fundraising $153$4,379
IX-24 Other expenses (24a–d)Programs $159,709$159,709
IX-25 Total functional expensesPrograms $435,882 · Management $108,619 · Fundraising $13,939$558,440
Part X · Balance sheet $730,960 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $428,656$616,546
X-4 Accounts receivableStart of year $303,995$45,000
X-10c Land, buildings and equipment, netStart of year $23,173$23,922
X-15 Other assetsStart of year $3,306$45,492
X-16 Total assetsStart of year $759,130$730,960
X-17 Accounts payable and accrued expensesStart of year $53,177$50,135
X-26 Total liabilitiesStart of year $54,416$50,135
X-27 Net assets without donor restrictionsStart of year $516,928$295,056
X-28 Net assets with donor restrictionsStart of year $187,786$385,769
X-32 Total net assets or fund balancesStart of year $704,714$680,825
X-33 Total liabilities and net assetsStart of year $759,130$730,960
Part XI · Reconciliation of net assets $680,825 net assets at year end
XI-1 Total revenue$534,551
XI-2 Total expenses$558,440
XI-3 Revenue less expenses−$23,889
XI-4 Net assets at start of year$704,714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$680,825

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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