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Stadium Corporation

Tax-deductible

Chattanooga, TN501(c)(3)Community DevelopmentEIN 62-1618612Revenue $4.0M in FY2025

On file with the IRS1826 Reggie White Blvd, 37408-1025 · Chattanooga, TNTax-exempt since Jun 1996Publicly supported charity — 170(b)(1)(A)(vi)

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Civic Stadium operations

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

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $302K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 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
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $248K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$565K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+12% vs prior year
Spent
$3.7M
To programs
89%
Net assets
$13.7M
By yearFY2021–FY2025
Revenue
$4.0M
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.4M
FY2022$2.7M
FY2023$2.4M
FY2024$3.6M
FY2025$4.0M
Expenses
$3.7M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.0M
FY2022$3.2M
FY2023$3.0M
FY2024$3.6M
FY2025$3.7M
Net assets
$13.7M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$14.7M
FY2022$14.1M
FY2023$13.5M
FY2024$13.5M
FY2025$13.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1996.

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% · $3.3M Management & general 11% · $403K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Zac Greene
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Hiren Desai
Director
$0Pt VII · Sec A
Jerre Haskew
Director
$0Pt VII · Sec A
Russell Gros
Vice-Chair
$0Pt VII · Sec A
See Stadium Corporation 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 15aNo

Programs and updates

Stadium Corporation is a community improvement nonprofit based in Chattanooga, TN.

Provided by the organization

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1 program · $3.3M · in their own filed words · FY2024
01

The civic stadium began operations on october 1, 1997. Since that date, numerous sports and civic events have been held at the stadium.

$3.3Mprogram 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
The Campaign CorporationFY2024$248K
Total grants receivedfrom 1 funder$248K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.0M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$25K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.3M
Managementcol C$403K
Owns and owesPt X
$13.7M
net assets · Ln 32
Cash and savingsLn 1–2$479K
Total assetsLn 16$14.3M
LiabilitiesLn 26$565K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$15K
Other incomeLn 4–11$25K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$479K
Cash and savings togetherLn 1–2$479K
Land, buildings, equipmentLn 10c$13.1M
Other assetsLn 15$670K
Total assetsLn 16$14.3M
LiabilitiesLn 26$565K
Net assetsLn 32$13.7M
OperationsPt I, VI
EmployeesI 539
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$452K$479K
Land, buildings, equipmentLn 10c$12.9M$13.1M
Total assetsLn 16$14.1M$14.3M
LiabilitiesLn 26$590K$565K
Net assetsLn 32$13.5M$13.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$838K$754K$84K
Pension plan contributionsLn 8$12K$11K$1K
Payroll taxesLn 10$83K$75K$8K
Legal feesLn 11b$23K$11K$11K
Accounting feesLn 11c$47K$24K$24K
Advertising and promotionLn 12$90K$90K
Office expensesLn 13$91K$23K$68K
OccupancyLn 16$286K$215K$72K
TravelLn 17$13K$13K
InterestLn 20$36K$36K
Depreciation, depletion and amortizationLn 22$884K$884K
InsuranceLn 23$88K$44K$44K
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$184K$184K
Total functional expensesLn 25$3.7M$3.3M$403K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.0M$3.7M$262K$13.7M 990 PDF
FY2024 $3.6M$3.6M$15K$13.5M 990 PDF
FY2023 $2.4M$3.0M−$629K$13.5M 990 PDF
FY2022 $2.7M$3.2M−$576K$14.1M 990 PDF
FY2021 $1.4M$2.0M−$581K$14.7M 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 FY2025 990 (6 parts)
Part I · Summary $3,988,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,153,339$1,575,214
I-9 Program service revenuePrior year $2,402,246$2,372,689
I-10 Investment incomePrior year $11,358$14,754
I-11 Other revenuePrior year $0$25,388
I-12 Total revenuePrior year $3,566,943$3,988,045
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 $883,290$933,284
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,668,620$2,793,108
I-18 Total expensesPrior year $3,551,910$3,726,392
I-19 Revenue less expensesPrior year $15,033$261,653
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $3,988,045 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,575,214
VIII-1h Total contributions, gifts and grants$1,575,214
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,372,689$2,372,689
VIII-3 Investment incomeExcluded from tax $14,754$14,754
VIII-6 Net rental income or lossRelated to mission $25,388$25,388
VIII-12 Total revenueRelated to mission $2,398,077 · Unrelated business $0 · Excluded from tax $14,754$3,988,045
Part IX · Statement of functional expenses $3,726,392 across 14 lines filed
IX-7 Other salaries and wagesPrograms $754,054 · Management $83,784$837,838
IX-8 Pension plan contributionsPrograms $11,244 · Management $1,249$12,493
IX-10 Payroll taxesPrograms $74,658 · Management $8,295$82,953
IX-11b Legal feesPrograms $11,388 · Management $11,388$22,776
IX-11c Accounting feesPrograms $23,682 · Management $23,681$47,363
IX-12 Advertising and promotionManagement $90,368$90,368
IX-13 Office expensesPrograms $22,754 · Management $68,261$91,015
IX-16 OccupancyPrograms $214,859 · Management $71,620$286,479
IX-17 TravelPrograms $12,818$12,818
IX-20 InterestPrograms $36,492$36,492
IX-22 Depreciation, depletion and amortizationPrograms $883,897$883,897
IX-23 InsurancePrograms $43,915 · Management $43,915$87,830
IX-24 Other expenses (24a–d)Programs $1,050,388$1,050,388
IX-24e All other expensesPrograms $183,682$183,682
IX-25 Total functional expensesPrograms $3,323,831 · Management $402,561 · Fundraising $0$3,726,392
Part X · Balance sheet $14,309,397 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $451,505$479,103
X-4 Accounts receivableStart of year $77,879$84,429
X-10c Land, buildings and equipment, netStart of year $12,888,845$13,075,784
X-15 Other assetsStart of year $653,628$670,081
X-16 Total assetsStart of year $14,071,857$14,309,397
X-17 Accounts payable and accrued expensesStart of year $42,857$66,017
X-19 Deferred revenueStart of year $46,667$40,000
X-26 Total liabilitiesStart of year $589,524$565,411
X-27 Net assets without donor restrictionsStart of year $13,096,333$13,476,343
X-28 Net assets with donor restrictionsStart of year $386,000$267,643
X-32 Total net assets or fund balancesStart of year $13,482,333$13,743,986
X-33 Total liabilities and net assetsStart of year $14,071,857$14,309,397
Part XI · Reconciliation of net assets $13,743,986 net assets at year end
XI-1 Total revenue$3,988,045
XI-2 Total expenses$3,726,392
XI-3 Revenue less expenses$261,653
XI-4 Net assets at start of year$13,482,333
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,743,986

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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