2025-04-16T09:39:38-05:00 2024-06-30 621199757 LBMC PC 605 CHESTNUT STREET SUITE 1100 CHATTANOOGA TN 37450 990 2023-07-01 620840156 CHATTANOOGA CHRISTIAN SCHOOL INC CHAT 4232656411 3354 CHARGER DRIVE CHATTANOOGA TN 37409 MATT COVEY HEAD OF SCHOOL 4232656411 2025-04-16 1 1 ABIGAIL CAMPBELL CPA P01296738 4237566585 2025-04-16 2023 2025-03-06 01:10:19Z MATT COVEY 3354 CHARGER DRIVE CHATTANOOGA TN 37409 29556004 0 X CCSK12.COM X 1972 TN TO PROVIDE CHRISTIAN EDUCATION FOR CHILDREN IN THE CHATTANOOGA, TN AREA. X 12 12 500 1053 0 1184 3971629 3251060 23845875 25115778 171997 648079 0 0 27989501 29014917 2326745 2237005 0 0 13319589 16098867 0 0 252807 10745291 13772173 26391625 32108045 1597876 -3093128 46113318 14185342 3017241 5431592 43096077 8753750 X TO PREPARE STUDENTS TO LEAD AND SERVE WITH DISTINCTION WHILE REPRESENTING CHRIST AND HIS KINGDOM IN ALL AREAS OF HOME, CHURCH, SOCIETY AND CULTURE. 0 0 11585849 1605653 15754073 UPPER SCHOOL 4826284 631352 6194596 LOWER SCHOOL 1321399 1289500 LUNCH PROGRAM 4457105 1877609 AUXILLARY PROGRAMS, ATHLETIC PROGRAMS, & OTHER INCOME RELATED TO PROGRAM SERVICES 4457105 1877609 22190637 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 1 0 0 1 63 0 1 500 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CARLA DEAN 4232656411 3354 CHARGER DRIVE CHATTANOOGA TN 37409 JOHN STROUD VP OF ADVANCEMENT 40.00 X 130735 0 23971 SHONDA CAINES DIRECTOR OF EXCEPTIONAL ED 40.00 X 127256 0 24353 CHAD M DIRKSE FORMER PRESIDENT 40.00 X 112220 0 21348 JASON KEITH TIPTON HEAD TENNIS PROFESSIONAL 40.00 X 102249 0 4466 CARLA DEAN CHIEF FINANCIAL OFFICER 40.00 5.00 X 102626 0 42614 MARNI HALVORSON PRESIDENT 40.00 1.00 X 81731 0 28846 TYLER SIIRA CHAIRMAN 1.00 1.00 X X 0 0 0 JENNY PLUNKETT VICE-CHAIR 1.00 X X 0 0 0 CHRISTOPHER HORNE SECRETARY 1.00 1.00 X X 0 0 0 CRAIG BAKER TREASURER 1.00 1.00 X X 0 0 0 BOB BOSWORTH DIRECTOR 1.00 X 0 0 0 THADDEUS DAVIS DIRECTOR 1.00 X 0 0 0 LAINI HUFFINE DIRECTOR 1.00 X 0 0 0 TRIPP JOHNSTON DIRECTOR 1.00 X 0 0 0 RALPH MONTGOMERY DIRECTOR 1.00 X 0 0 0 GARY NOLAND JR DIRECTOR 1.00 X 0 0 0 AMY JO OSBORN DIRECTOR 1.00 X 0 0 0 RACHEL SHIELDS DIRECTOR 1.00 X 0 0 0 ROBERT SWIFT DIRECTOR 1.00 X 0 0 0 FRED WIECHMANN DIRECTOR 1.00 X 0 0 0 656817 0 145598 5 0 1 0 0 3251060 70731 3251060 TUITION AND FEES 611600 21948668 21948668 AUXILIARY PROGRAMS 611710 2101931 2101931 ATHLETIC PROGRAM REVENUE 611710 704590 704590 360589 360589 25115778 675964 675964 512539 663 503215 37872 9324 -37209 -27885 -27885 29014917 25115778 0 648079 X 2237005 2237005 389385 389385 10456411 8320963 2022901 112547 3218761 577501 2631131 10129 1196699 1196699 837611 643699 193912 57140 57140 80870 80870 1953196 318248 1634948 18453 18453 3085531 2671839 413692 120868 69545 51323 1861427 1754147 107280 72349 52872 19477 6156 6156 1575136 1485658 89478 375864 375864 MISCELLANEOUS EXPENSE 3153440 2944220 97542 111678 STIPENDS 646910 458769 188141 SPECIAL EVENTS 383203 338041 45162 FIELD TRIP 318130 318130 63500 63500 32108045 22190637 9664601 252807 2835264 3845779 1434037 1275336 589524 1131514 6238845 2243113 411061 230600 9292726 4806053 26498017 4486673 8106570 968112 0 4215 46113318 14185342 1955929 2232974 696912 824513 175000 0 47789 0 141611 2374105 3017241 5431592 X 29810097 1024046 13285980 7729704 43096077 8753750 46113318 14185342 X -3093128 368516 -31617715 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8451686 7483573 968113 7822844 5960 622881 8451686 8493808 8235 157049 522150 7822844 7155928 6814 1601303 270237 8493808 7328018 6392 91755 270237 7155928 1.00000 0.00000 0.00000 0 1 1 7930426 4806053 3124373 1362300 1362300 4486673 CAPITAL LEASE OBLIGATION 141585 PENSION PLAN WITHDRAWAL LIABILITY 2232520 2374105 X 27146428 368516 368516 26777912 2237005 2237005 29014917 29871040 0 29871040 2237005 2237005 32108045 PART V, LINE 4: ENDOWMENTS ARE RESTRICTED FOR SCHOLARSHIPS, CAPITAL IMPROVEMENTS AND SPECIFIC EDUCATION INITIATIVES. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF JUNE 30, 2024 AND 2023, THE ORGANIZATION HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE ORGANIZATION FILES U.S. FEDERAL INFORMATION TAX RETURNS. PART XI, LINE 4B - OTHER ADJUSTMENTS: 990 RECLASSIFICATION FOR TUITION ASSISTANCE 2,237,005. PART XII, LINE 4B - OTHER ADJUSTMENTS: 990 RECLASSIFICATION FOR TUITION ASSISTANCE 2,237,005. PART V, LINE 1G: FUNDS WERE TRANSFERRED TO THE CHATTANOOGA CHRISTIAN SCHOOL FOUNDATION AS OF JUNE 30, 2024. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLICIZED THROUGH SCHOOL BROCHURES AND VARIOUS OTHER ADVERTISING MEDIA SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED AN ALLOCATED AMOUNT OF GRANT FUNDS FROM THE EMERGENCY ASSISTANCE TO NON-PUBLIC SCHOOLS PROGRAM ("EANS") AND FROM THE GOVERNOR'S EMERGENCY EDUCATION RELIEF FUND ("GEER"). BOTH OF THESE PROGRAMS ARE ADMINISTERED BY THE TENNESSEE DEPARTMENT OF EDUCATION ("TDE"). 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 605235 0 0 0 0 0 0 605235 0 605235 0 0 0 0 1 0 PART I, LINE 3, COLUMN (F) CHATTANOOGA CHRISTIAN SCHOOL, INC. HAS LESS THAN 2% INTEREST IN A FOREIGN PARTNERSHIP, STEPSTONE VC GLOBAL PARTNERS VIII, L.P. THIS PARTNERSHIP IS ORGANIZED IN THE CAYMAN ISLANDS. THE AMOUNT REPORTED IN PART I IS THE ENDING VALUE OF THE INVESTMENT AS REPORTED ON THE AUDITED FINANCIAL STATEMENTS. 1 TUITION ASSISTANCE TO STUDENTS ATTENDING CHATTANOOGA CHRISTIAN SCHOOL 432 2237005 FAIR VALUE OF TUITION REDUCTION IN TUITION FOR FAMILIES AND INDIVIDUALS SCHEDULE I, PART III, LINE 1 A THIRD PARTY IS USED TO PROCESS APPLICATIONS AND ASSESS NEED. THE ORGANIZATION TRACKS WHICH STUDENTS RECEIVE TUITION ASSISTANCE DURING THE YEAR. THE NUMBER OF RECIPIENTS REPORTED ABOVE IS NOT AN ESTIMATE. THIS IS THE EXACT NUMBER OF STUDENTS WHO RECEIVE ASSISTANCE. X X X X X 0 0 0 0 0 0 0 0 0 JOHN STROUD VP OF ADVANCEMENT 130735 0 0 0 0 0 11997 0 11974 0 154706 0 0 0 SHONDA CAINES DIRECTOR OF EXCEPTIONAL ED 127256 0 0 0 0 0 11409 0 12944 0 151609 0 0 0 CERTAIN DIRECTORS DIRECTOR 43092 SCHOLARSHIP TO ENCOURAGE PURSUIT OF OUR MISSION SCH L, PART III, GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS: CERTAIN DIRECTORS WHO ARE PARENTS OR GUARDIANS OF STUDENTS AT THE SCHOOL MAY BE ELIGIBLE FOR TUITION ASSISTANCE FROM THE ORGANIZATION FROM TIME-TO-TIME. THE ORGANIZATION DOES NOT COMPENSATE ITS DIRECTORS FOR THEIR SERVICE ON THE BOARD, AND BELIEVES THAT ANY TUITION ASSISTANCE PROVIDED TO ANY OF ITS DIRECTORS IS DONE SO ON AN ARMS-LENGTH BASIS CONSISTENT WITH ITS ESTABLISHED POLICIES AND IRRESPECTIVE OF THE RECIPIENTS' ROLE AS A DIRECTOR. NOTE THAT DIRECTORS HAVE NO AUTHORITY TO DETERMINE HOW AND TO WHOM FINANCIAL ASSISTANCE IS AWARDED. X 55630 X FACULTY AND STAFF MEALS 0 10000 X SEARCH COMMITTEE EXPENSES 0 5101 0 1 0 CASH AND FIXED ASSETS 2024-06-30 31621928 CASH BALANCES AND BOOK VALUE OF ASSETS 932622784 CHATTANOOGA CHRISTIAN SCHOOL FOUNDATION 3354 CHARGER DRIVE CHATTANOOGA TN 37409 501C3 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: CARLA DEAN, CRAIG BAKER, RALPH MONTGOMERY, TRIPP JOHNSTON, MARNI HALVORSON PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: SEVERAL OFFICES AND BOARD MEMBERS OF CHATTANOOGA CHRISTIAN SCHOOL WERE ELECTED TO SERVE AS BOARD MEMBERS ON THE CHATTANOOGA CHRISTIAN SCHOOL FOUNDATION BOARD. PART II, LINE 1: THE TRANSACTION RELATES TO THE INITIAL TRANSFER OF ASSETS TO THE CHATTANOOGA CHRISTIAN SCHOOL FOUNDATION, WHICH WAS FORMED TO SOLICIT, ACCEPT, HOLD AND INVEST FUNDS AND PROPERTY FOR THE SOLE BENEFIT OF SUPPORTING THE OPERATIONS AND ORGANIZATION OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CFO PRESENTS THE FORM 990 TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PERIODICALLY REVIEWED AT BOARD MEETINGS. IN ACCORDANCE WITH BOARD GOVERNANCE POLICIES, IF THE POTENTIAL OF CONFLICT OF INTEREST EXISTS, A TRUSTEE WILL IMMEDIATELY BRING THE POTENTIAL OF CONFLICT TO THE BOARD CHAIR AND RECUSE HIMSELF OR HERSELF FROM DISCUSSION AND/OR DECISION MAKING IN THE POTENTIAL AREA OF CONFLICT OF INTEREST. BOARD MEMBERS MUST SIGN THE CONFLICT OF INTEREST AGREEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES USING INDEPENDENT COMPENSATION CONSULTANTS, WRITTEN EMPLOYMENT CONTRACTS AND COMPENSATION SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 FORMS 1023, 1024, 990, AND 990-T ARE AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE AND POSTED ON GUIDESTAR FOR PUBLIC REVIEW/INSPECTION. FORM 990, PART IX, LINE 8, STATEMENT OF FUNCTIONAL EXPENSES: THE SCHOOL WITHDREW FROM A MULTI-EMPLOYER DEFINED BENEFIT PENSION PLAN (THE "PLAN"), RESULTING IN A $2,232,520 PENSION WITHDRAWAL LIABILITY AND CORRESPONDING EXPENSE TO BE REFLECTED IN THE STATEMENT OF FUNCTIONAL EXPENSES AND BALANCE SHEET FOR FISCAL YEAR 2024. THIS EXPENSE IS NON-OPERATING AND NON-RECURRING IN NATURE, AND RESULTS IN THE ELIMINATION OF FUTURE LIABILITIES THAT THE SCHOOL HAS UNDER THE PLAN. FORM 990, PART XI, LINE 9: TRANSACTIONS WITH RELATED ORGANIZATION (INCLUDING TRANSFER OF NET ASSETS) -31,617,715. CHATTANOOGA CHRISTIAN SCHOOL FOUNDATION 3354 CHARGER DRIVE CHATTANOOGA TN 37409 932622784 TO SUPPORT CHATTANOOGA CHRISTIAN SCHOOL TN 501(C)(3) LINE 12A, I CHATTANOOGA CHRISTIAN SCHOOL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 CHATTANOOGA CHRISTIAN SCHOOL FOUNDATION R 31621928 FINANCIAL STATEMENT VALUE CHATTANOOGA CHRISTIAN SCHOOL FOUNDATION O 4215 COST