Chattanooga Design Studio FY2023 filing

Tax-deductible

Chattanooga, TN501(c)(3)Community DevelopmentEIN 47-3183435Revenue $667K in FY2023

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.
84¢ 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

Before you give

FY2023 · 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
84%
of spending
Looks good: 84% 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 · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 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
$44K
12% of total assets
Looks good: liabilities are 12% 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
$667K
+25% vs prior year
Spent
$1.0M
To programs
84%
Net assets
$310K
By yearFY2020–FY2024
Revenue
$667K
FY2023▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$916K
FY2021$914K
FY2022$535K
FY2023$667K
FY2024$2.7M
Expenses
$1.0M
FY2023▲ +86%
Tap a bar for its year
Expenses by fiscal year
FY2020$768K
FY2021$905K
FY2022$558K
FY2023$1.0M
FY2024$2.3M
Net assets
$310K
FY2023▼ -54%
Tap a bar for its year
Net assets by fiscal year
FY2020$696K
FY2021$705K
FY2022$681K
FY2023$310K
FY2024$726K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

84 cents of each dollar spent went to programs.

Program services 84% · $870K Management & general 14% · $145K Fundraising 2% · $22K

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
$112,739Pt 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 programs · $870K · in their own filed words · FY2023
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.

$697Kprogram 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.

$173Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$667K
Ln 12
Gifts and grantsLn 1h$667K
Investment incomeLn 3$3K
Money outPt IX
$1.0M
Ln 25
Programscol B$870K
Managementcol C$145K
Fundraisingcol D$22K
Owns and owesPt X
$310K
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$355K
LiabilitiesLn 26$44K
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$667K
Fundraising eventsLn 1c$57K
Investment incomeLn 3$3K
Total revenueLn 12$667K
Assets in detailPt X, end of year
CashLn 1$295K
Cash and savings togetherLn 1–2$295K
Land, buildings, equipmentLn 10c$21K
Other assetsLn 15$33K
Total assetsLn 16$355K
LiabilitiesLn 26$44K
Net assetsLn 32$310K
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 FY23End FY23
Cash and savingsLn 1–2$617K$295K
Land, buildings, equipmentLn 10c$24K$21K
Total assetsLn 16$731K$355K
LiabilitiesLn 26$50K$44K
Net assetsLn 32$681K$310K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$120K$86K$27K$6K
Pay of disqualified personsLn 6$206K$147K$49K$10K
Pension plan contributionsLn 8$6K$4K$1K$293
Other employee benefitsLn 9$25K$18K$6K$1K
Payroll taxesLn 10$22K$16K$5K$1K
Legal feesLn 11b$26K$4K$22K$655
Accounting feesLn 11c$27K$4K$22K$668
Advertising and promotionLn 12$10K$10K$409$102
Office expensesLn 13$41K$35K$4K$954
OccupancyLn 16$17K$12K$4K$864
Depreciation, depletion and amortizationLn 22$10K$9K$398$100
InsuranceLn 23$5K$2K$3K$162
Other expenses (24a–d)Ln 24$522K$522K
Total functional expensesLn 25$1.0M$870K$145K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$2.3M$416K$726K 990 PDF
FY2023 Viewing $667K$1.0M−$371K$310K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $666,666 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $530,935$666,833
I-9 Program service revenuePrior year $3,101$0
I-10 Investment incomePrior year $515$2,608
I-11 Other revenuePrior year $0−$2,775
I-12 Total revenuePrior year $534,551$666,666
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 $302,758$379,540
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $255,682$657,691
I-18 Total expensesPrior year $558,440$1,037,231
I-19 Revenue less expensesPrior year −$23,889−$370,565
Part VI · Governance 12 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
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 $666,666 across 6 lines filed
VIII-1c Fundraising events$57,000
VIII-1f All other contributions, gifts and grants$609,833
VIII-1h Total contributions, gifts and grants$666,833
VIII-3 Investment incomeExcluded from tax $2,608$2,608
VIII-8 Net income from fundraising eventsExcluded from tax −$2,775−$2,775
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$167$666,666
Part IX · Statement of functional expenses $1,037,231 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,323 · Management $27,487 · Fundraising $5,975$119,785
IX-6 Pay of disqualified personsPrograms $147,291 · Management $48,634 · Fundraising $10,123$206,048
IX-8 Pension plan contributionsPrograms $4,257 · Management $1,387 · Fundraising $293$5,937
IX-9 Other employee benefitsPrograms $18,210 · Management $5,934 · Fundraising $1,255$25,399
IX-10 Payroll taxesPrograms $16,040 · Management $5,226 · Fundraising $1,105$22,371
IX-11b Legal feesPrograms $3,929 · Management $21,610 · Fundraising $655$26,194
IX-11c Accounting feesPrograms $4,009 · Management $22,048 · Fundraising $668$26,725
IX-12 Advertising and promotionPrograms $9,707 · Management $409 · Fundraising $102$10,218
IX-13 Office expensesPrograms $35,436 · Management $4,317 · Fundraising $954$40,707
IX-16 OccupancyPrograms $12,097 · Management $4,320 · Fundraising $864$17,281
IX-22 Depreciation, depletion and amortizationPrograms $9,462 · Management $398 · Fundraising $100$9,960
IX-23 InsurancePrograms $1,617 · Management $2,987 · Fundraising $162$4,766
IX-24 Other expenses (24a–d)Programs $521,840$521,840
IX-25 Total functional expensesPrograms $870,218 · Management $144,757 · Fundraising $22,256$1,037,231
Part X · Balance sheet $354,568 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $616,546$294,762
X-4 Accounts receivableStart of year $45,000$5,000
X-10c Land, buildings and equipment, netStart of year $23,922$21,325
X-15 Other assetsStart of year $45,492$33,481
X-16 Total assetsStart of year $730,960$354,568
X-17 Accounts payable and accrued expensesStart of year $50,135$44,308
X-26 Total liabilitiesStart of year $50,135$44,308
X-27 Net assets without donor restrictionsStart of year $295,056$165,851
X-28 Net assets with donor restrictionsStart of year $385,769$144,409
X-32 Total net assets or fund balancesStart of year $680,825$310,260
X-33 Total liabilities and net assetsStart of year $730,960$354,568
Part XI · Reconciliation of net assets $310,260 net assets at year end
XI-1 Total revenue$666,666
XI-2 Total expenses$1,037,231
XI-3 Revenue less expenses−$370,565
XI-4 Net assets at start of year$680,825
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$310,260

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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