Civic Intelligence

Chattanoogahamilton County Public Education Fund

EIN 62-1356764 • 501(c)3 • Chattanooga, TN

Profile

To improve student achievement in public schools through highly effective teaching, strong leadership, and strategic partnerships so that children succeed in learning and in life.

1651 S Holtzclaw Avenue 201Chattanooga, TN 37404

www.pefchattanooga.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.30x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

1.66x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

3rd percentile

-88%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$302,578

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

9th percentile

-12%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

85th percentile

51%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$18,476,795

Down $2,629,797 (-12%) from 2024

Liabilities

Up

$5,552,828

Up $3,053 (+0.1%) from 2024

Net Assets

Down

$12,923,967

Down $2,632,850 (-17%) from 2024

Revenue

Up

$3,345,349

Up $1,130,716 (+51%) from 2024

Expenses

Up

$6,298,828

Up $1,818,737 (+41%) from 2024

Net Income

Down

-$2,953,479

Down $688,021 (-30%) from 2024

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $15,450,936Liabilities 2011: $578,977Net Assets 2011: $14,871,9592011Assets 2012: $13,762,128Liabilities 2012: $366,337Net Assets 2012: $13,395,7912012Assets 2013: $13,057,845Liabilities 2013: $233,314Net Assets 2013: $12,824,5312013Assets 2014: $15,876,377Liabilities 2014: $299,847Net Assets 2014: $15,576,5302014Assets 2015: $15,320,131Liabilities 2015: $293,647Net Assets 2015: $15,026,4842015Assets 2016: $14,024,243Liabilities 2016: $370,279Net Assets 2016: $13,653,9642016Assets 2017: $14,138,429Liabilities 2017: $248,890Net Assets 2017: $13,889,5392017Assets 2018: $14,306,875Liabilities 2018: $311,407Net Assets 2018: $13,995,4682018Assets 2019: $14,208,362Liabilities 2019: $325,847Net Assets 2019: $13,882,5152019Assets 2020: $14,671,213Liabilities 2020: $316,845Net Assets 2020: $14,354,3682020Assets 2021: $16,006,378Liabilities 2021: $324,894Net Assets 2021: $15,681,4842021Assets 2022: $18,265,172Liabilities 2022: $323,965Net Assets 2022: $17,941,2072022Assets 2023: $17,474,311Liabilities 2023: $418,932Net Assets 2023: $17,055,3792023Assets 2024: $21,106,592Liabilities 2024: $5,549,775Net Assets 2024: $15,556,8172024Assets 2025: $18,476,795Liabilities 2025: $5,552,828Net Assets 2025: $12,923,9672025

Highlighted filing

2025

Assets$18,476,795
Liabilities$5,552,828
Net Assets$12,923,967

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,220,742Expenses 2011: $6,076,539Net Income 2011: -$2,855,7972011Revenue 2012: $4,813,392Expenses 2012: $6,264,839Net Income 2012: -$1,451,4472012Revenue 2013: $4,686,540Expenses 2013: $6,491,563Net Income 2013: -$1,805,0232013Revenue 2014: $6,924,235Expenses 2014: $5,930,275Net Income 2014: $993,9602014Revenue 2015: $3,812,552Expenses 2015: $4,529,649Net Income 2015: -$717,0972015Revenue 2016: $3,729,684Expenses 2016: $4,639,822Net Income 2016: -$910,1382016Revenue 2017: $7,494,389Expenses 2017: $4,505,435Net Income 2017: $2,988,9542017Revenue 2018: $3,670,011Expenses 2018: $4,277,179Net Income 2018: -$607,1682018Revenue 2019: $3,910,490Expenses 2019: $4,315,151Net Income 2019: -$404,6612019Revenue 2020: $5,199,585Expenses 2020: $4,271,868Net Income 2020: $927,7172020Revenue 2021: $4,631,214Expenses 2021: $5,688,067Net Income 2021: -$1,056,8532021Revenue 2022: $9,291,458Expenses 2022: $4,310,257Net Income 2022: $4,981,2012022Revenue 2023: $2,845,428Expenses 2023: $4,569,423Net Income 2023: -$1,723,9952023Revenue 2024: $2,214,633Expenses 2024: $4,480,091Net Income 2024: -$2,265,4582024Revenue 2025: $3,345,349Expenses 2025: $6,298,828Net Income 2025: -$2,953,4792025

Highlighted filing

2025

Revenue$3,345,349
Expenses$6,298,828
Net Income-$2,953,479

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$5.55$12.9$3.35$6.30$2.95
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.1$5.55$15.6$2.21$4.48$2.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$0.42$17.1$2.85$4.57$1.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$0.32$17.9$9.29$4.31$4.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$0.32$15.7$4.63$5.69$1.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$0.32$14.4$5.20$4.27$0.93
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.2$0.33$13.9$3.91$4.32$0.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$0.31$14.0$3.67$4.28$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.25$13.9$7.49$4.51$2.99
2016Detailed filing. Detailed filing data is available for this year.$14.0$0.37$13.7$3.73$4.64$0.91
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$0.29$15.0$3.81$4.53$0.72
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.30$15.6$6.92$5.93$0.99
2013Summary only. Only limited summary data is available for this year.$13.1$0.23$12.8$4.69$6.49$1.81
2012Summary only. Only limited summary data is available for this year.$13.8$0.37$13.4$4.81$6.26$1.45
2011Summary only. Only limited summary data is available for this year.$15.5$0.58$14.9$3.22$6.08$2.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 3, 2025
Return Version
2024v5.2
Gross Receipts
$12,861,300
Mission and Program Overview

Mission

To improve student achievement in public schools through highly effective teaching, strong leadership, and strategic partnerships so that children succeed in learning and in life.

To improve student achievement in public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,616,679$7,519,480▼ $1,097,199
Investments in Publicly Traded Securities$5,873,162$3,743,459▼ $2,129,703
Savings and Temporary Cash Investments$510,508$844,160▲ $333,652
Pledges and Grants Receivable$242,824$535,269▲ $292,445
Land, Buildings, and Equipment, Net$545,772$486,505▼ $59,267
Cash and Non-Interest-Bearing Accounts$123,526$313,581▲ $190,055
Prepaid Expenses and Deferred Charges$32,630$2,773▼ $29,857
Total Assets$21,106,592$18,476,795▼ $2,629,797
Other Assets Total$5,161,491$5,031,568▼ $129,923
Liabilities
Other Liabilities$5,144,529$5,117,265▼ $27,264
Accounts Payable and Accrued Expenses$405,246$435,563▲ $30,317
Total Liabilities$5,549,775$5,552,828▲ $3,053
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,806,936$7,867,883▼ $1,939,053
Net Assets Without Donor Restrictions$5,749,881$5,056,084▼ $693,797
Total Net Assets Fund Balance$15,556,817$12,923,967▼ $2,632,850
Total Liabilities and Net Assets / Fund Balance$21,106,592$18,476,795▼ $2,629,797

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$184,162$166,504$350,666
Equipment$166,451$73,216$239,667
Leasehold Improvements$135,892$19,271$155,163
Other Assets Org$4,980,387--
Other Securities$5,330,938--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$10,578,469-▲ $1,287,466$2,150,550$9,715,385
2023$11,381,980-▲ $1,337,191$2,140,702$10,578,469
2022$11,117,992-▲ $1,367,189$1,103,201$11,381,980
2021$13,555,993-▼ $2,071,622$366,379$11,117,992
2020$11,352,273-▲ $3,064,916$861,196$13,555,993
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel D ChallenerPresidentFT$259,600$42,978$302,578
Michael StoneVice PresidentFT$130,439$28,246$158,685
Larry StoneChief Financial OfficerFT$135,750$18,996$154,746
Keith WhiteVice PresidentFT$111,176$25,888$137,064
Mark NealProgram DirectorFT$110,948$24,685$135,633
Kayla ShugartDirectorFT$115,000$14,613$129,613
J Michelle CaldwellProgram DirectorFT$111,198$16,803$128,001

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Startsole LLCContractor32334 LEGACY POINT PARKWAY, Avon Lake, OH 44012$136,462
Revenue and Support

Revenue Composition

Contributions and Grants
$2,164,206
Program Service Revenue
$214,120
Investment Income
$953,312
Other Revenue
$13,711
All Other Contributions
$1,813,588
Change in Net Assets
$-2,953,479

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,305,944
Revenue Not Reported on Financial Statements
$39,405
Revenue Not Reported on Form 990
$320,629
Total Revenue per Audited Statements
$3,626,573
Total Revenue per Form 990
$3,345,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,738,227
Grants and Similar Amounts Paid$2,028,643
Other Expenses$1,531,958
Total Fundraising Expense$326,375
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,311,070$231,551$182,596$1,725,217
Grants to Domestic Individuals$1,237,983--$1,237,983
Grants to Domestic Orgs$790,660--$790,660
Other Employee Benefits$441,444$81,078$33,164$555,686
Current Officers, Directors, Trustees, and Key Employees$114,331$342,993-$457,324
Depreciation Depletion$185,074$66,279$17,378$268,731
Fees for Services Other$195,507$21,456$3,835$220,798
Interest$132,485$26,446$8,580$167,511
Other Expenses$98,582$46,497$19,700$164,779
Office Expenses$112,733$26,480$5,578$144,791
Occupancy$42,920$13,334$4,592$60,846
Fees for Service Investment Mgmnt Fees-$39,405-$39,405
Travel$24,094$2,863-$26,957
Fees for Services Legal$8,120$15,397-$23,517
Fees for Services Accounting-$21,600-$21,600
Total Functional Expenses$5,016,487$955,966$326,375$6,298,828

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,298,828
Expenses per Audited Statements$6,259,423
Total Expenses per Audited Statements$6,259,423
Expenses Not Reported on Financial Statements$39,405
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hamilton County Department of Education-technology AssistanceChattanooga, TN501(c)(3)To Fund Vw Elabs for Seven Schools$280,114
University of Tennessee KnoxvilleKnoxville, TN-Tuition for Residents$71,603
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligations$5,117,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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 B, Line 11B

Form 990 is prepared by the independent accounting firm, then reviewed and verified by the president and cfo and reviewed by the chairman of the executive committee. Copies of the form are then sent to all members of the executive committee for review and comment. Copies are made available to all members of the board of directors. The final version is filed with the internal revenue service.

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

All board members and all employees are required annually to sign a conflict of interest statement, disclosing all applicable affiliations. These statements are reviewed annually by the president and executive committee of the board.

Form 990, Part VI, Section B, Line 15

Reviewed annually by the executive committee of the board using information from comparable organizations.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Chattanoogahamilton County Public
EIN
62-1356764
Phone
4232659403
Address
1651 S HOLTZCLAW AVENUE 201, CHATTANOOGA, TN 37404
Doing Business As
Public Education Foundation

Signing Officer

Name
Daniel D Challener
Title
President
Phone
4232659403
Signed
2025-12-03

Organization Details

Principal Officer
Daniel D Challener
Formed
1988
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
59
Volunteers
72

Preparer

Firm
Johnson Hickey & Murchison Pc
Address
2215 OLAN MILLS DRIVE, CHATTANOOGA, TN 37421
Preparer
Sherri Anderson
Phone
4237560052
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment funds are used to support the work and mission of the chattanooga/hamilton county public education fund.

PART X, LINE 2:

The organization follows the requirements of professional literature in accounting for uncertain tax positions. Under this guidance, an organization must recognize the tax benefit associated with tax positions taken when it is more than likely that the position will not be sustained. The organization does not believe there are any material uncertain tax positions, and, accordingly,it will not recognize any liability for uncertain tax positions. For the years ended june 30, 2025 and 2024, there were no interest or penalties related to uncertain tax positions. The returns for the years of 2022 and beyond remain subject to examination.

Raw XML AppendixShowing 400 of 713 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0PROJECT INSPIRE - PROJECT INSPIRE IS A RIGOROUS TEACHER PREPARATION PROGRAM THAT BLENDS GRADUATE LEVEL COURSE WORK WITH A CLASSROOM APPRENTICESHIP AND ONE-ON-ONE COACHING WITH A HIGHLY EFFECTIVE TEACHER IN A HIGH-NEEDS CLASSROOM. OUR RESIDENTS COME FROM VARIOUS BACKGROUNDS WITH A FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, OR MATH. OUR TEACHER RESIDENCY PROGRAMS PROVIDE PRACTICAL LEARNING, HANDS-ON EXPERIENCE, AND A SUPPORT NETWORK TEACHERS NEED TO BE SUCESSFUL.
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