Chattanooga Mfg Assn

Not tax-deductible

Chattanooga, TN501(c)(6)Community DevelopmentEIN 62-0156260Revenue $121K in FY2024

On file with the IRScma1902.com811 Broad St Ste 100, 37402-2626 · Chattanooga, TNTax-exempt since Feb 2011

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As the principal advocate for manufacturing concerns, the crma supports expansion among existing manufacturers and the attraction of new manufacturing companies to the area. The crma is committed to high environmental standards, sustainability and energy efficiency. A top priority for the crma is to work with education at all levels to develop and maintain a skilled workforce. The crma provides ongoing training opportunities in human resources, environment, energy, taxes, leadership, and other pertinent disciplines to support its membership. The crma believes that teamwork is the key to success and works closely with government and private organizations to foster cooperation.

Run by 17 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 5
filings with a surplus
Average deficit $164 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$7K
to officers and key staff · 11% of spending
Top officer’s pay lower than 95% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$121K
-46% vs prior year
Spent
$62K
Net assets
$254K
By yearFY2020–FY2024
Revenue
$121K
FY2024▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2020$194K
FY2021$192K
FY2022$286K
FY2023$225K
FY2024$121K
Expenses
$62K
FY2024▼ -74%
Tap a bar for its year
Expenses by fiscal year
FY2020$230K
FY2021$210K
FY2022$278K
FY2023$239K
FY2024$62K
Net assets
$254K
FY2024▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$231K
FY2021$239K
FY2022$205K
FY2023$195K
FY2024$254K

From the FY2024 Form 990 (year ending September 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.

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

Who runs it and what they're paid

4 people listed on the 990; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Operation Consultant Thru 9/2023
$6,559Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secr/Treas
$0Pt VII · Sec A

Lulu Copeland’s $7K as Operation Consultant Thru 9/2023 is at the 5th percentile of top reported officer pay among 1709 $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

NameFY2024FY2023FY2022FY2021FY2020
Megan King—$116,025$116,584$116,024$121,958
Lulu Copeland$6,559$6,559———

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

Promotes manufacturing growth, workforce development, and sustainability through advocacy and training.

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Provided by the organization

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3 programs · in their own filed words · FY2023
01

Various training sessions that are conducted during the year support the members by providing expert resources at low cost. These sessions are designed to keep members informed of changing trends and to keep them competitive in the marketplace.

Pt IX · col B
02

The crma membership gathers once per year for our annual meeting. This function brings all of the members together to communicate the efforts of the organization, provide an opportunity to communicate with each other, and education through a national speaker.

Pt IX · col B
03

Members are supported in workforce development and education to assist the growth of existing members and recruitment of new business to the region. The crma works with partnering organizations and local and state government in economic development.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$121K
Ln 12
Fees for servicesLn 2g$117K
Investment incomeLn 3$4K
Money outPt IX
$62K
Ln 25
Owns and owesPt X
$254K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$275K
LiabilitiesLn 26$21K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$117K
Investment incomeLn 3$4K
Total revenueLn 12$121K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
InvestmentsLn 11–13$151K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$275K
LiabilitiesLn 26$21K
Net assetsLn 32$254K
OperationsPt I, VI
EmployeesI 53
VolunteersI 617
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$43K$37K
InvestmentsLn 11–13$147K$151K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$235K$275K
LiabilitiesLn 26$40K$21K
Net assetsLn 32$195K$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$7K
Pension plan contributionsLn 8$3K
Payroll taxesLn 10$502
Other fees for servicesLn 11g$11K
Office expensesLn 13$3K
Information technologyLn 14$828
OccupancyLn 16$2K
Conferences, conventions and meetingsLn 19$82
InsuranceLn 23$433
Other expenses (24a–d)Ln 24$35K
All other expensesLn 24e$86
Total functional expensesLn 25$62K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $121K$62K$59K$254K 990 PDF
FY2023 $225K$239K−$14K$195K 990 PDF
FY2022 $286K$278K$8K$205K 990 PDF
FY2021 $192K$210K−$18K$239K 990 PDF
FY2020 $194K$230K−$36K$231K 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 $121,004 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $215,627$117,313
I-10 Investment incomePrior year $9,358$3,691
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $224,985$121,004
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 $128,365$9,800
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,624$52,269
I-18 Total expensesPrior year $238,989$62,069
I-19 Revenue less expensesPrior year −$14,004$58,935
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $121,004 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $117,313$117,313
VIII-3 Investment incomeExcluded from tax $3,691$3,691
VIII-12 Total revenueRelated to mission $117,313 · Unrelated business $0 · Excluded from tax $3,691$121,004
Part IX · Statement of functional expenses $62,069 across 11 lines filed
IX-5 Pay of current officers, directors and key staff$6,559
IX-8 Pension plan contributions$2,739
IX-10 Payroll taxes$502
IX-11g Other fees for services$10,585
IX-13 Office expenses$2,815
IX-14 Information technology$828
IX-16 Occupancy$2,434
IX-19 Conferences, conventions and meetings$82
IX-23 Insurance$433
IX-24 Other expenses (24a–d)$35,006
IX-24e All other expenses$86
IX-25 Total functional expenses$62,069
Part X · Balance sheet $274,597 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $42,505$37,364
X-4 Accounts receivableStart of year $45,399$86,504
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $147,082$150,729
X-16 Total assetsStart of year $234,986$274,597
X-17 Accounts payable and accrued expensesStart of year $36,148$16,824
X-19 Deferred revenueStart of year $4,115$4,115
X-26 Total liabilitiesStart of year $40,263$20,939
X-32 Total net assets or fund balancesStart of year $194,723$253,658
X-33 Total liabilities and net assetsStart of year $234,986$274,597
Part XI · Reconciliation of net assets $253,658 net assets at year end
XI-1 Total revenue$121,004
XI-2 Total expenses$62,069
XI-3 Revenue less expenses$58,935
XI-4 Net assets at start of year$194,723
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$253,658

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

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