Civic Intelligence

Greater Chattanooga Area Chamber of Commerce

990 • Fiscal year 2016 • EIN 62-0154480

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

811 Broad Street No 100Chattanooga, TN 37402

(423) 756-2121

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.45x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

41st percentile

0.13x

Higher debt load relative to revenue than 41% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

44th percentile

1.8%

Higher net margin than 44% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

77th percentile

$223,766

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-1.2%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$553,001

Up $52,968 (+11%) from 2015

Net Assets

Up

$304,749

Up $35,440 (+13%) from 2015

Liabilities

Up

$248,252

Up $17,528 (+7.6%) from 2015

Revenue

Down

$1,953,331

Down $24,328 (-1.2%) from 2015

Expenses

Down

$1,917,891

Down $51,588 (-2.6%) from 2015

Net Income

Up

$35,440

Up $27,260 (+333%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $452,055Liabilities 2011: $100,521Net Assets 2011: $351,5342011Assets 2012: $375,042Liabilities 2012: $116,251Net Assets 2012: $258,7912012Assets 2013: $352,387Liabilities 2013: $143,850Net Assets 2013: $208,5372013Assets 2014: $559,630Liabilities 2014: $298,501Net Assets 2014: $261,1292014Assets 2015: $500,033Liabilities 2015: $230,724Net Assets 2015: $269,3092015Assets 2016: $553,001Liabilities 2016: $248,252Net Assets 2016: $304,7492016Assets 2017: $609,951Liabilities 2017: $227,241Net Assets 2017: $382,7102017Assets 2018: $550,796Liabilities 2018: $263,786Net Assets 2018: $287,0102018Assets 2019: $488,185Liabilities 2019: $308,627Net Assets 2019: $179,5582019Assets 2020: $665,248Liabilities 2020: $517,178Net Assets 2020: $148,0702020Assets 2021: $879,679Liabilities 2021: $1,054,366Net Assets 2021: -$174,6872021Assets 2022: $678,683Liabilities 2022: $996,844Net Assets 2022: -$318,1612022Assets 2023: $1,035,474Liabilities 2023: $1,504,772Net Assets 2023: -$469,2982023

Highlighted filing

2016

Assets$553,001
Liabilities$248,252
Net Assets$304,749

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,554,694Expenses 2011: $1,553,345Net Income 2011: $1,3492011Revenue 2012: $1,508,378Expenses 2012: $1,601,121Net Income 2012: -$92,7432012Revenue 2013: $1,610,517Expenses 2013: $1,660,771Net Income 2013: -$50,2542013Revenue 2014: $1,832,765Expenses 2014: $1,780,173Net Income 2014: $52,5922014Revenue 2015: $1,977,659Expenses 2015: $1,969,479Net Income 2015: $8,1802015Revenue 2016: $1,953,331Expenses 2016: $1,917,891Net Income 2016: $35,4402016Revenue 2017: $2,024,363Expenses 2017: $1,946,402Net Income 2017: $77,9612017Revenue 2018: $1,919,869Expenses 2018: $2,015,569Net Income 2018: -$95,7002018Revenue 2019: $1,944,175Expenses 2019: $2,005,511Net Income 2019: -$61,3362019Revenue 2020: $1,628,727Expenses 2020: $1,660,215Net Income 2020: -$31,4882020Revenue 2021: $1,935,611Expenses 2021: $1,671,731Net Income 2021: $263,8802021Revenue 2022: $1,582,097Expenses 2022: $1,725,571Net Income 2022: -$143,4742022Revenue 2023: $1,629,415Expenses 2023: $1,780,552Net Income 2023: -$151,1372023

Highlighted filing

2016

Revenue$1,953,331
Expenses$1,917,891
Net Income$35,440
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$1,953,331
Mission and Program Overview

Mission

To champion our member businesses and promote regional economic development.

To advance the civic, commercial, industrial and professional welfare of chattanooga and vicinity; promote integrity and good faith, just and equitable principles in business and uniformity in commercial usages and practices; acquire, preserve and distribute civic, commercial and industrial information of value; prevent or adjust controversy; facilitate intelligent discussion of and concerted action upon matters of public concern; discover and correct abuses affecting the interests and rights of its members and the community; and provide such facilities and do such things as will promote these objectives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$309,378$375,844▲ $66,466
Savings and Temporary Cash Investments$154,424$143,220▼ $11,204
Accounts Receivable$16,833$17,093▲ $260
Prepaid Expenses and Deferred Charges$19,398$16,844▼ $2,554
Total Assets$500,033$553,001▲ $52,968
Liabilities
Accounts Payable and Accrued Expenses$183,715$163,239▼ $20,476
Deferred Revenue$47,009$85,013▲ $38,004
Total Liabilities$230,724$248,252▲ $17,528
Net Assets / Fund Balance
Unrestricted Net Assets$269,309$304,749▲ $35,440
Total Net Assets Fund Balance$269,309$304,749▲ $35,440
Total Liabilities and Net Assets / Fund Balance$500,033$553,001▲ $52,968
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl MillsapsVP Finance and AdministrationPT$42,205$77,621$119,826
William KillbridePresident/CEOPT$80,000$9,507$89,507

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,953,275
Investment Income
$56
Other Revenue
$0
Change in Net Assets
$35,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,953,331
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,953,331
Total Revenue per Form 990
$1,953,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$992,918
Salaries, Compensation, and Employee Benefits$924,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$603,224
Advertising---$190,135
Current Officers, Directors, Trustees, and Key Employees---$134,108
Occupancy---$108,292
All Other Expenses---$98,790
Other Employee Benefits---$80,184
Pension Plan Contributions---$57,606
Payroll Taxes---$49,851
Information Technology---$37,164
Fees for Services Accounting---$31,453
Other Expenses---$27,133
Fees for Services Other---$15,620
Travel---$14,080
Office Expenses---$13,794
Fees for Services Legal---$6,022
Insurance---$5,833
Conferences and Meetings---$3,993
Total Functional Expenses$0$0$0$1,917,891

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,917,891
Total Expenses per Audited Statements$1,917,891
Total Expenses per Form 990$1,917,891
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Diana bullock and joey greer, business relationship thomas white and gideon thomas, business relationship

Form 990, Part VI, Section A, Line 7A

General members elect the governing body. General members are any qualified person, firm, association or corporation meeting the qualifications for membership and paying the minimum amount of annual dues.

Form 990, Part VI, Section B, Line 11

The organization announces to the board when the form 990 is available, and makes it available for review upon request.

Form 990, Part VI, Section B, Line 12C

Conflicts due to business relationships are documented on dislosure form. 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 chairman of the board of directors enforces the policy.

Form 990, Part VI, Section B, Line 15A

Annual performance reviews compare performance to requirements of job descriptions and agreed upon and documented goals established at the beginning of the appraisal period. For management other than the ceo, recommendations for salary increases are submitted by ceo after review against comparability data and then reviewed by cfo against comparability data and available compensation pool. For 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 attainment 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, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Greater Chattanooga Area
EIN
62-0154480
Phone
4237562121
Address
811 BROAD STREET NO 100, CHATTANOOGA, TN 37402

Signing Officer

Name
Cheryl Millsaps
Title
VP Finance & Admin.
Phone
4237562121
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Kilbride
Formed
1925
Legal Domicile
Tn
Voting Board Members
67
Independent Board Members
66
Employees
40
Volunteers
491

Preparer

Firm
Mauldin & Jenkins
Address
537 MARKET STREET SUITE 300, CHATTANOOGA, TN 37402-1239
Preparer
Rebecca C Fingerle
Phone
4237566133
Supplemental Narrative

Additional Explanations

Form 990, Schedule R, Part V, Line 1(J)

Rent charged for building facities is based on the square footage rate charged to other unrelated building tenants.

Financial Statement Notes

PART X, LINE 2:

The chamber follows statutory requirements for its income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the chambers non-taxable status would not have a material effect on the chambers financial statements. With few exceptions, the chamber is no longer subject to tax examinations by tax authorities for years before 2013.

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IRS990/Form990PartVIISectionAGrp/PersonNm16TOM GRISCOM
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVID CAINES
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL HARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm19BRUCE HARTMANN
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IRS990/Form990PartVIISectionAGrp/PersonNm23JOEL HENDERSON
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IRS990/Form990PartVIISectionAGrp/PersonNm27JAMES M HALEY IV
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IRS990/Form990PartVIISectionAGrp/PersonNm29JAY JOLLEY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt550

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