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CHATTANOOGA AREA CHAMBER OF COMMERCE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CHATTANOOGA AREA CHAMBER OF COMMERCE (EIN 62-0154480)
Tax period
2023-07-01 to 2024-06-30
Filed
2026-06-15
IRS object ID
202641669349301379
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-06-15T15:55:12+00:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN580692043PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Mauldin & Jenkins LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 West MLK Blvd Suite 1100AddressLine1Txt
CityChattanoogaCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN620154480EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Greater Chattanooga Area Chamber of CommerceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREABusinessNameControlTxt
Phone4237562121PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1811 Broad Street 200AddressLine1Txt
CityChattanoogaCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37402ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCharles WoodPersonNm
Person TitlePresident and CEOPersonTitleTxt
Phone4237562121PhoneNum
Signature2026-06-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBridget A BushPreparerPersonNm
PTINP00234609PTIN
Phone4237566133PhoneNum
Preparation2026-06-09PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Charles WoodBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1811 Broad Street 200AddressLine1Txt
CityChattanoogaCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37402ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,905,897GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresschattanoogachamber.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1925FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionTo champion our member businesses and promote regional economic development.ActivityOrMissionDesc
Voting Members Governing Body80VotingMembersGoverningBodyCnt
Voting Members Independent80VotingMembersIndependentCnt
Total Employee64TotalEmployeeCnt
Total Volunteers372TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,629,415PYProgramServiceRevenueAmt
CY Program Service Revenue$1,905,897CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,629,415PYTotalRevenueAmt
CY Total Revenue$1,905,897CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$869,806PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$842,823CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$910,746PYOtherExpensesAmt
CY Other Expenses$919,852CYOtherExpensesAmt
PY Total Expenses$1,780,552PYTotalExpensesAmt
CY Total Expenses$1,762,675CYTotalExpensesAmt
PY Revenues Less Expenses-$151,137PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$143,222CYRevenuesLessExpensesAmt
Total Assets BOY$1,035,474TotalAssetsBOYAmt
Total Assets EOY$1,231,720TotalAssetsEOYAmt
Total Liabilities BOY$1,504,772TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,557,796TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$469,298NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$326,076NetAssetsOrFundBalancesEOYAmt
MissionTo champion our member businesses and promote regional economic development.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescMember services include councils based in various locations throughout the city, business related events, training and resources for business, business publications and studies to support public policy decisions for the region. Over 1,700 members served.Desc
Total Program Service Expenses$0TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document44IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee64EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members80GoverningBodyVotingMembersCnt
Independent Voting Member80IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The OrganizationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4237562121PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1811 Broad StreetAddressLine1Txt
CityChattanoogaCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37402ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (83 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Brad Cobb
Treasurer1.0Yes (X)Yes (X)$0$0$0
Charles Wood
PRESIDENT and CEO8.0Yes (X)Yes (X)$53,268$213,074$23,25632.0
Janelle Reilly
Immediate Past Chair1.0Yes (X)Yes (X)$0$0$0
Jay Dale
Chair-Elect1.0Yes (X)Yes (X)$0$0$0
Katherine Randolph
Executive Director0.0Yes (X)Yes (X)$0$161,803$040.0
Paul Leath
Chair1.0Yes (X)Yes (X)$0$0$0
Rebecca Ashford
Secretary1.0Yes (X)Yes (X)$0$0$0
Yolanda Hayslett
VP FINANCE AND OPERATIONS16.0Yes (X)Yes (X)$42,823$64,235$11,09024.0
Aletheia Silcott
DIRECTOR1.0Yes (X)$0$0$0
Alexa Willis
DIRECTOR1.0Yes (X)$0$0$0
Amy Silvers
DIRECTOR1.0Yes (X)$0$0$0
April Cameron
DIRECTOR1.0Yes (X)$0$0$0
Barry White
DIRECTOR1.0Yes (X)$0$0$0
Bo Bentley
DIRECTOR1.0Yes (X)$0$0$0
Briana Garza
DIRECTOR1.0Yes (X)$0$0$0
Briana M Maya
DIRECTOR1.0Yes (X)$0$0$0
Bryan Beasley
DIRECTOR1.0Yes (X)$0$0$0
Callie Starnes
DIRECTOR1.0Yes (X)$0$0$0
Carolina Eiris Molloy
DIRECTOR1.0Yes (X)$0$0$0
Chanda Chambers
DIRECTOR1.0Yes (X)$0$0$0
Chris McKee
DIRECTOR1.0Yes (X)$0$0$0
Chuck Fleischmann
DIRECTOR1.0Yes (X)$0$0$0
Chuck Hammonds
DIRECTOR1.0Yes (X)$0$0$0
Cindy Freeman
DIRECTOR1.0Yes (X)$0$0$0
Cindy Lee
DIRECTOR1.0Yes (X)$0$0$0
Corey Whitaker
DIRECTOR1.0Yes (X)$0$0$0
Dalya Qualls-White
DIRECTOR1.0Yes (X)$0$0$0
Dan Cerasoli
DIRECTOR1.0Yes (X)$0$0$0
Dan Pratt
DIRECTOR1.0Yes (X)$0$0$0
David DeVaney
DIRECTOR1.0Yes (X)$0$0$0
Deb Socia
DIRECTOR1.0Yes (X)$0$0$0
Denis Reilly
DIRECTOR1.0Yes (X)$0$0$0
Dionne Jenkins
DIRECTOR1.0Yes (X)$0$0$0
Dr Bryan Johnson
DIRECTOR1.0Yes (X)$0$0$0
Dr Daniel Challener
DIRECTOR1.0Yes (X)$0$0$0
Dr Justin Robertson
DIRECTOR1.0Yes (X)$0$0$0
Dr Steven Angle
DIRECTOR1.0Yes (X)$0$0$0
Elaine Zambos
DIRECTOR1.0Yes (X)$0$0$0
Elizabeth Ahmed
DIRECTOR1.0Yes (X)$0$0$0
Ella Livingston
DIRECTOR1.0Yes (X)$0$0$0
Emily Barrow
DIRECTOR1.0Yes (X)$0$0$0
Emily Mack
DIRECTOR1.0Yes (X)$0$0$0
Evann Freeman
DIRECTOR1.0Yes (X)$0$0$0
Gary Hathaway
DIRECTOR1.0Yes (X)$0$0$0
Gerald Harris
DIRECTOR1.0Yes (X)$0$0$0
Grant Evitts
DIRECTOR1.0Yes (X)$0$0$0
Gregg Gentry
DIRECTOR1.0Yes (X)$0$0$0
Hamp Johnston
DIRECTOR1.0Yes (X)$0$0$0
Holly Floberg
DIRECTOR1.0Yes (X)$0$0$0
Ian Leavy
DIRECTOR1.0Yes (X)$0$0$0
James Haley
DIRECTOR1.0Yes (X)$0$0$0
James Wingard
DIRECTOR1.0Yes (X)$0$0$0
Jeff Londis
DIRECTOR1.0Yes (X)$0$0$0
Jennifer Harper
DIRECTOR1.0Yes (X)$0$0$0
Jill Allen
DIRECTOR1.0Yes (X)$0$0$0
Johanna Heywood
DIRECTOR1.0Yes (X)$0$0$0
Justin Furrow
DIRECTOR1.0Yes (X)$0$0$0
Karlene Claridy
DIRECTOR1.0Yes (X)$0$0$0
Kate Izell
DIRECTOR1.0Yes (X)$0$0$0
Keith Sanford
DIRECTOR1.0Yes (X)$0$0$0
Ken Shaw
DIRECTOR1.0Yes (X)$0$0$0
Leslie Gower
DIRECTOR1.0Yes (X)$0$0$0
Lisa DeWaard
DIRECTOR1.0Yes (X)$0$0$0
Marissa Bell
DIRECTOR1.0Yes (X)$0$0$0
Mark Smith
DIRECTOR1.0Yes (X)$0$0$0
Matt Phillips
DIRECTOR1.0Yes (X)$0$0$0
Michael Harrell
DIRECTOR1.0Yes (X)$0$0$0
Mickey Cloud
DIRECTOR1.0Yes (X)$0$0$0
Miguel Morales
DIRECTOR1.0Yes (X)$0$0$0
Rodney Dillard
DIRECTOR1.0Yes (X)$0$0$0
Rosie Dahl
DIRECTOR1.0Yes (X)$0$0$0
Rusty Gray
DIRECTOR1.0Yes (X)$0$0$0
Scott Hibberts
DIRECTOR1.0Yes (X)$0$0$0
Shay McCowan
DIRECTOR1.0Yes (X)$0$0$0
Simeon Baskerville
DIRECTOR1.0Yes (X)$0$0$0
Tasia Malakasis
DIRECTOR1.0Yes (X)$0$0$0
Tim Kelly
DIRECTOR1.0Yes (X)$0$0$0
Todd Gardenhire
DIRECTOR1.0Yes (X)$0$0$0
Todd Womack
DIRECTOR1.0Yes (X)$0$0$0
Tracy Wood
DIRECTOR1.0Yes (X)$0$0$0
Wade Hinton
DIRECTOR1.0Yes (X)$0$0$0
Weston Wamp
DIRECTOR1.0Yes (X)$0$0$0
Sybil Topel
Vice President14.0$38,346$71,213$12,16626.0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$134,437TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$510,325TotReportableCompRltdOrgAmt
Total Other Compensation$46,512TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Total Contributions$0TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Membership Dues813910$1,203,151$1,203,151
Special Events900099$508,065$508,065
Other Program Revenue900099$194,681$194,681

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,905,897TotalProgramServiceRevenueAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other$0OtherAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,905,897TotalRevenueColumnAmt
Related Or Exempt Func Income$1,905,897RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$117,873TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$563,475TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$113,778TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$47,697TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$9,337TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$73,031TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$118,822TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$192,657TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,629TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$103,253TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$108,292TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$23,773TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$88,147TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$10,595TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
Councils and Other Program Expenses$85,194
Dues and Subscriptions$45,802
Miscellaneous Expenses$39,333
Printing and Publications$11,987

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,762,675TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$847,271BOYAmt
EOY$1,060,507EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$160,645BOYAmt
EOY$155,544EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,680BOYAmt
EOY$5,340EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$21,878BOYAmt
EOY$10,329EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,035,474BOYAmt
EOY$1,231,720EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$921,245BOYAmt
EOY$1,057,705EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$583,527BOYAmt
EOY$500,091EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,504,772BOYAmt
EOY$1,557,796EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$469,298BOYAmt
EOY-$326,076EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$469,298BOYAmt
EOY-$326,076EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,035,474BOYAmt
EOY$1,231,720EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$143,222ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedfalseSubstantiallyAllDuesNondedInd
Only In House LobbyingYes (true)OnlyInHouseLobbyingInd
Agree Carryover Prior YearfalseAgreeCarryoverPriorYearInd

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredfalseSubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Charles Wood
PRESIDENT and CEO$45,674$182,698$7,525$30,100$69$276$6,075$17,181$0$0$59,343$230,255$0$0
Katherine Randolph
Executive Director$0$161,281$0$0$0$522$0$0$0$0$0$161,803$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travelTHE ORGANIZATION PROVIDES FIRST CLASS OR CHARTER TRAVEL IN CONNECTION WITH THE REQUIREMENTS OF THE CEO TO OCCASIONALLY TRAVEL ON ORGANIZATION BUSINESS.
Schedule J, Part I, Line 1a Health or social club dues or initiation feesTHE ORGANIZATION PROVIDES SOCIAL OR HEALTH CLUB DUES AS A WAY TO FACILITATE CONNECTION OF THE CEO TO OTHER LEADERS IN THE COMMUNITY.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part IV, Line 11fOrganization has no uncertain tax positions under FIN 48 (ASC 740-10).
Form 990, Part VI, Line 6 Classes of members or stockholdersMembers are all general members.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing bodyGeneral members elect the governing body. General members are any qualified person, firm, or association or corporation meeting the qualifications for membership and paying the minimum amount of annual dues.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyA copy of the Form 990 is made available to all board members prior to filing with the IRS.
Form 990, Part VI, Line 12c Conflict of interest policyConflicts due to business relationships are documented on a disclosure form annually. Each director is expected to self-report conflicts of interest that might affect topics coming up for vote and to abstain from such votes. The chair of the board of directors enforces the policy.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialFOR THE CEO'S SALARY, THE CFO SUBMITS TO THE BOARD'S COMPENSATION COMMITTEE HISTORICAL SALARY DATA AND PERFORMANCE BONUS HISTORY AS WELL AS BENCHMARK SALARY SURVEYS THAT ARE PERTINENT. A STUDY TYPICALLY USED FOR THIS PURPOSE IS DONE BY THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES WHICH GIVES BENCHMARKS FOR CHAMBERS BASED ON COMMUNITY SIZE AND REVENUE LEVELS. THE CEO MEETS WITH THE COMPENSATION COMMITTEE TO DISCUSS ACCOMPLISHMENTS AND ATAINMENT OF BENCHMARKS THAT WERE SET. AFTER MEETING WITH THE CEO, THE COMMITTEE SEPARATELY REVIEWS ALL INFORMATION TO DETERMINE THE SALARY TO BE AWARDED.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesAnnual performance reviews compare performance to requirements of job descriptions and agreed upon and documented goals are established at the beginning of the appraisal period. For management other than the CEO, recommendations for salary increases are submitted by the CEO after review against comparability data and then reviewed by the CFO against comparability data and available compensation pool of funds.
Form 990, Part VI, Line 19 Required documents available to the publicThe organization's governing documents, conflict of interest policy and financial statements are available upon request.
Reasonable Cause StatementI. INTRODUCTION & REQUEST FOR RELIEF The Greater Chattanooga Area Chamber of Commerce (the "Chamber") respectfully requests the abatement of all late-filing penalties, including additions to tax and related interest, assessed against the Chamber under Internal Revenue Code (IRC) § 6651(a)(1) and/or IRC § 6652(c)(1)(A) for the fiscal tax year ended June 30, 2024. The Chamber is a tax-exempt organization under IRC § 501(c)(6). The filing delay for the period ending June 30, 2024, was entirely due to reasonable cause and was not due to willful neglect. The Chamber exercised ordinary business care and prudence but was temporarily prevented from submitting a timely filing due to severe complexities in compiling financial information necessary to secure a finalized, verified independent audit. II. STATUTORY AND REGULATORY FRAMEWORK IRC § 6651(a)(1) provides that a penalty for failure to file a tax return on or before its due date shall be waived if it is shown that the failure is due to reasonable cause and not due to willful neglect. Treasury Regulation § 301.6651-1(c)(1) further clarifies the standard for reasonable cause: "If the taxpayer exercised ordinary business care and prudence and was nevertheless unable to file the return within the prescribed time, the delay is due to a reasonable cause." Furthermore, "willful neglect" has been judicially defined by the United States Supreme Court as a "conscious, intentional failure or reckless indifference" (United States v. Boyle, 469 U.S. 241, 245 (1985)). As detailed below, the Chamber's conduct at all times reflected a good-faith commitment to precise regulatory compliance, completely precluding any finding of willful neglect. III. STATEMENT OF FACTS CONSTITUTING REASONABLE CAUSE The Chamber has historically maintained an excellent compliance record with the Internal Revenue Service. For the fiscal year end of June 30, 2024, the Chamber fully intended to file its annual returns within the legally prescribed timeframe, including any validly requested extension periods. The core causes of the delay include: Financial Aggregation Complexities: Delays arose in pulling together granular financial schedules and accounting details from separate membership, program, and regional tracking channels into a cohesive reporting model consistent with audit requirements. Absence of Willful Neglect: The delay was completely unintentional. The Chamber acted with ordinary business care by continuously allocating internal accounting personnel and resources to resolve the financial data anomalies as quickly as possible. The return was prepared and submitted immediately upon the completion and verification of the underlying financial information. IV. APPLICATION OF LAW TO FACTS The IRS Internal Revenue Manual (IRM) § 20.1.1.3.2.2 establishes that "Unavailability of Records complex data compilation hurdles can constitute reasonable cause if the taxpayer establishes that the delay was unavoidable despite ordinary business prudence. The Chamber did not demonstrate "reckless indifference "conscious disregard" of its filing obligations. Rather, the Chamber prioritized the core mandate of tax administration: filing a complete, true, and accurate return. Filing the Form 990/990-T prior to finalizing the financial figures to mirror the audited financial statements would have resulted in an inaccurate return, defeating the purpose of transparency and compliance. The delay was an isolated, non-willful operational hurdle tied strictly to the complexities of the June 30, 2024, audit synchronization. V. CONCLUSION Given the Chamber's compliance history, its proactive effort to resolve accounting discrepancies, and the clear absence of willful neglect, the Chamber meets the criteria for reasonable cause relief under IRC § 6651(a)(1), IRC § 6652(c)(1)(A), and Treas. Reg. § 301.6651-1(c)(1). We respectfully request that all late-filing penalties and associated interest be abated in full. VI. JURAT STATEMENT (REQUIRED BY LAW) Under penalties of perjury, I declare that I have examined this statement, including accompanying documents, and to the best of my knowledge and belief, it is true, correct, and complete. Respectfully submitted, YOLANDA HAYSLETT, VICE PRESIDENT OF FINANCE AND OPERATIONS Greater Chattanooga Area Chamber of Commerce

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Chattanooga Chamber FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1811 Broad Street Suite 200AddressLine1Txt
CityChattanoogaCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37402ZIPCd
FieldValueIRS element (for citing)
EIN237032834EIN
Primary ActivitiesLeadership Education and Support of Economic DevelopmentPrimaryActivitiesTxt
Legal Domicile StateTNLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity Status7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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