Civic Intelligence

Chattanooga Times Free Press Foundation

EIN 45-4576274 • 501(c)3 • Chattanooga, TN

Profile

The chattanooga times free press is the nonprofit arm of the chattanooga times free press, chattanooga's only daily newspaper. The mission of the foundation is to provide support to community based on charitable initiatives served by the the chattanooga times free press helping to foster literacy, children's welfare, the arts and research, finding cures for cancer and other serious illness, among other things. The foundation shall sponsor and/or contribute to events raising funds to address community based issues, sponsor or facilitate education efforts in the schools relating to journalism, promote the public and social benefits of a watchdog media, support other community based charitable organizations and/or efforts, and solicit contributions of money and other property from the public to support the activities of the foundation.

PO Box 1447Chattanooga, TN 37401-1447

www.ctfpfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

11th percentile

-74%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

99th percentile

$288,023

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 529.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-72%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $40,170 (-100%) from 2014

Liabilities

Flat

$0

Flat from 2014

Net Assets

Down

$0

Down $40,170 (-100%) from 2014

Revenue

Down

$54,436

Down $139,654 (-72%) from 2014

Expenses

Down

$94,606

Down $183,782 (-66%) from 2014

Net Income

Up

-$40,170

Up $44,128 (+52%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2013: $124,467Liabilities 2013: $0Net Assets 2013: $124,4672013Assets 2014: $40,170Liabilities 2014: $0Net Assets 2014: $40,1702014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2013: $219,531Expenses 2013: $95,064Net Income 2013: $124,4672013Revenue 2014: $194,090Expenses 2014: $278,388Net Income 2014: -$84,2982014Revenue 2015: $54,436Expenses 2015: $94,606Net Income 2015: -$40,1702015

Highlighted filing

2015

Revenue$54,436
Expenses$94,606
Net Income-$40,170

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$54,436
Mission and Program Overview

Mission

The chattanooga times free press foundation is the nonprofit arm of the chattanooga times free press, chattanooga's only daily newspaper. The mission of the foundation is to provide support to address community based charitable initiatives helping to foster literacy, children's welfare, the arts and research, finding cures for cancer and other serious illness. The foundation contributes to events that address community based issues, sponsors or facilitates education efforts in the schools relating to journalism, promotes the public and social benefits of a watchdog media and supports other community based charitable organizations.

The organization is the non-profit arm of the chattanooga times free press and seeks to provide support to community based charitable initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,170$0▼ $40,170
Rtn Earn Endowment Incm Other Fnds$40,170$0▼ $40,170
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$40,170$0▼ $40,170
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,170$0▼ $40,170
Total Liabilities and Net Assets / Fund Balance$40,170$0▼ $40,170
Compensation and Service Providers

Employees

NameTitleOtherTotal
Russell LivelySecretary$111,311$111,311
Marylu McdonaldDirector$6,930$6,930

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$40,133
Program Service Revenue
$14,287
Investment Income
$16
Other Revenue
$0
All Other Contributions
$2,633
Change in Net Assets
$-40,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$94,606
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$94,606--$94,606
Total Functional Expenses$94,606$0$0$94,606
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United WayChattanooga, TN501(c)(3)General Support, Planned Giving$49,713
Chattanooga Times Free PressChattanooga, TN-Nie Fund$12,300
Memorial Health Care System FoundationChattanooga, TN501(c)(3)The Building of a New Hospital Wing for Heart Patients & Pink Breast Cancer Fundraiser$11,093
Siskin Hostpital for Physical RehabChattanooga, TN501(c)(3)11th Anniversary Possibilities Luncheon$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The foundation's form 990 is prepared, reviewed and signed by a cpa. A final review of the return is performed by russell lively, secretary/treasurer before the form is filed with the irs. A copy of the 990 is provided to each board member before the return is filed with the irs.

Form 990, Part VI, Section C, Line 19

The foundation's governing documents and financial statements are available upon request at 400 east 11th street, chattanooga, tn 37403, (423) 756-6900.

Form 990, Part VII

Charles c. Van deventer - 115 e. Capitol ave., little rock, ar 72201. George w. Herring, jr. - 8118 mill creek road, signal mountain, tn 37377.

Filing and Contact Details

Filer

Filer Name
Chattanooga Times Free Press Foundation
EIN
45-4576274
Phone
4237576468
Address
PO BOX 1447, CHATTANOOGA, TN 37401-1447

Signing Officer

Name
Bruce Hartmann
Title
President
Phone
4237576468
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Hartmann
Formed
2012
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Chambliss Bahner & Stophel Pc
Address
605 CHESTNUT STREET SUITE 1700, CHATTANOOGA, TN 37450-0019
Preparer
Jacqueline Lee
Phone
4237563000
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IRS990ScheduleI/RecipientTable/USAddress/CityNm3CHATTANOOGA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd037405
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd137404
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd237403
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd337403
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ACTIVITES THAT THE FOUNDATION SUPPORTS ARE HIGHLY VISIBLE IN THE COMMUNITY. THE CHATTANOOGA TIMES FREE PRESS REPORTS ON THE PROGRESS AND SUCCESS OF THE PROGRAMS OF ORGANIZATIONS RECEIVING GRANT FUNDS. WEBSITES AND NEWSLETTERS OF RECIPIENT ORGANZIATIONS ARE ALSO REVIEWED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0288023
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE HARTMANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0288023
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0NO ASSETS REMAINED AT TIME OF DISSOLUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt00
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S FORM 990 IS PREPARED, REVIEWED AND SIGNED BY A CPA. A FINAL REVIEW OF THE RETURN IS PERFORMED BY RUSSELL LIVELY, SECRETARY/TREASURER BEFORE THE FORM IS FILED WITH THE IRS. A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT 400 EAST 11TH STREET, CHATTANOOGA, TN 37403, (423) 756-6900.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHARLES C. VAN DEVENTER - 115 E. CAPITOL AVE., LITTLE ROCK, AR 72201. GEORGE W. HERRING, JR. - 8118 MILL CREEK ROAD, SIGNAL MOUNTAIN, TN 37377.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VII
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0620156322
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0NEWS MEDIA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0THE CHATTANOOGA TIMES FREE PRESS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0400 E 11TH STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CHATTANOOGA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd037403
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt037500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt112300
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE CHATTANOOGA TIMES FREE PRESS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE CHATTANOOGA TIMES FREE PRESS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt040170
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt040170
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt040133
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094606
IRS990/TotalFunctionalExpensesGrp/TotalAmt094606
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt040170
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt094606
IRS990/TotalProgramServiceRevenueAmt014287
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt016
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014287
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt054436
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040170
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt0406264
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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