-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
BENWOOD FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
736 MARKET STREET NO 1600
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA
,
TN
37402
A Employer identification number
62-0476283
B
Telephone number (see instructions)
(423) 267-4311
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
99,689,713
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
165,504
1,152,690
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
3,134,821
b
Gross sales price for all assets on line 6a
12,297,372
7
Capital gain net income (from Part IV, line 2)
...
4,961,256
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
235,013
21,876
12
Total.
Add lines 1 through 11
........
3,535,338
6,135,822
13
Compensation of officers, directors, trustees, etc.
223,240
22,324
200,916
14
Other employee salaries and wages
......
429,396
42,940
386,456
15
Pension plans, employee benefits
.......
62,484
6,248
56,236
16a
Legal fees (attach schedule)
.........
3,386
339
3,047
b
Accounting fees (attach schedule)
.......
23,132
2,313
20,819
c
Other professional fees (attach schedule)
....
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
83,456
30,757
0
19
Depreciation (attach schedule) and depletion
...
6,124
612
20
Occupancy
..............
126,832
12,683
114,149
21
Travel, conferences, and meetings
.......
10,831
1,083
9,748
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
404,328
997,188
384,287
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,373,209
1,116,487
1,175,658
25
Contributions, gifts, grants paid
.......
4,787,032
6,643,284
26
Total expenses and disbursements.
Add lines 24 and 25
6,160,241
1,116,487
7,818,942
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-2,624,903
b
Net investment income
(if negative, enter -0-)
5,019,335
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
54,578
59,295
59,295
2
Savings and temporary cash investments
.........
6,900,273
3,124,326
3,124,326
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10,438
10,438
10,438
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
87,473,037
96,492,746
96,492,746
14
Land, buildings, and equipment: basis
596,663
Less: accumulated depreciation (attach schedule)
593,755
0
2,908
2,908
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
94,438,326
99,689,713
99,689,713
17
Accounts payable and accrued expenses
..........
47,409
66,124
18
Grants payable
.................
6,606,537
4,725,607
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
29,260
21,716
23
Total liabilities
(add lines 17 through 22)
.........
6,683,206
4,813,447
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
87,755,120
94,876,266
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
87,755,120
94,876,266
30
Total liabilities and net assets/fund balances
(see instructions)
.
94,438,326
99,689,713
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
87,755,120
2
Enter amount from Part I, line 27a
.....................
2
-2,624,903
3
Other increases not included in line 2 (itemize)
3
9,959,186
4
Add lines 1, 2, and 3
..........................
4
95,089,403
5
Decreases not included in line 2 (itemize)
5
213,137
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
94,876,266
Form
990-PF
(2019)
Form 990-PF (2019)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
GAINS/LOSSES PER AUDITED FINANCIALS
P
b
GAINS/LOSSES PER K-1S
P
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
10,470,937
7,336,116
3,134,821
b
1,826,435
1,826,435
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
3,134,821
b
1,826,435
c
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
4,961,256
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018
5,783,921
101,669,214
0.056890
2017
7,571,208
99,120,714
0.076384
2016
7,956,988
101,114,741
0.078693
2015
10,723,976
108,542,480
0.098800
2014
9,584,177
114,165,332
0.083950
2
Total
of line 1, column (d)
.....................
2
0.394717
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.078943
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
96,003,451
5
Multiply line 4 by line 3
......................
5
7,578,800
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
50,193
7
Add lines 5 and 6
........................
7
7,628,993
8
Enter qualifying distributions from Part XII, line 4
,.............
8
7,818,942
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
50,193
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
50,193
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
50,193
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
72,023
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
72,023
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
790
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
21,040
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
21,040
Refunded
11
0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
TN
,
DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
WWW.BENWOOD.ORG
14
The books are in care of
SARAH MORGAN
Telephone no.
(423) 267-4311
Located at
736 MARKET ST STE 1600
CHATTANOOGA
TN
ZIP+4
37402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2019?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2019.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
WADE HINTON
TRUSTEE
2.00
0
0
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
PAUL K BROCK JR
TRUSTEE
2.00
0
0
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
WILLIAM H CHAPIN
TRUSTEE
2.00
0
0
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
MARTHA T ROBINSON
TRUSTEE
2.00
0
0
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
MITCH PATEL
TRUSTEE
2.00
0
0
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
SARAH MORGAN
PRESIDENT
40.00
223,240
47,500
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
REBECCA SUTTLES
TRUSTEE
2.00
0
0
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
TIM KELLY
TRUSTEE
2.00
0
0
0
736 MARKET SUITE STE 1600
CHATTANOOGA
,
TN
37402
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
JEFF C PFITZER
PROGRAM OFFICER
40.00
134,267
38,231
0
736 MARKET STREET STE 1600
CHATTANOOGA
,
TN
37402
CONNIE R PERRIN
ACCOUNTING & GRANTS
40.00
78,069
22,866
0
736 MARKET STREET STE 1600
CHATTANOOGA
,
TN
37402
LORI QUILLEN
PROGRAM OFFICER
40.00
87,229
13,437
0
736 MARKET STREET STE 1600
CHATTANOOGA
,
TN
37402
KRISTIN B HUNTLEY
FINANCIAL/PROGRAM OF
40.00
52,932
23,199
0
736 MARKET STREET STE 1600
CHATTANOOGA
,
TN
37402
MARSHA T ORR
ADMINISTRATIVE ASSIS
40.00
51,645
7,764
0
736 MARKET STREET STE 1600
CHATTANOOGA
,
TN
37402
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
0
b
Average of monthly cash balances
.......................
1b
4,927,811
c
Fair market value of all other assets (see instructions)
................
1c
92,537,621
d
Total
(add lines 1a, b, and c)
.........................
1d
97,465,432
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
97,465,432
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
1,461,981
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
96,003,451
6
Minimum investment return.
Enter 5% of line 5
..................
6
4,800,173
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
4,800,173
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
50,193
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
28,646
c
Add lines 2a and 2b
............................
2c
78,839
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
4,721,334
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
4,721,334
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
4,721,334
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
7,818,942
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
7,818,942
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
50,193
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
7,768,749
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
4,721,334
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
4,058,226
b
From 2015
......
5,440,678
c
From 2016
......
2,978,873
d
From 2017
......
2,681,884
e
From 2018
......
755,814
f
Total
of lines 3a through e
........
15,915,475
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
7,818,942
a
Applied to 2018, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
4,721,334
e
Remaining amount distributed out of corpus
3,097,608
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
19,013,083
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
4,058,226
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
14,954,857
10
Analysis of line 9:
a
Excess from 2015
....
5,440,678
b
Excess from 2016
....
2,978,873
c
Excess from 2017
....
2,681,884
d
Excess from 2018
....
755,814
e
Excess from 2019
....
3,097,608
Form
990-PF
(2019)
Form 990-PF (2019)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2019
(b)
2018
(c)
2017
(d)
2016
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MS SARAH MORGAN
736 MARKET ST SUITE 1600
CHATTANOOGA
,
TN
37402
(423) 267-4311
b
The form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE SUBMITTED IN THE FORM OF A BRIEF TWO-PAGE LETTER. THE LETTER SHOULD INCLUDE A DESCRIPTION OF THE PROJECT OR PURPOSE, BUDGET INFORMATION, AN IRS LETTER OF DETERMINATION, AND A LISTING OF OFFICERS AND BOARD OF DIRECTORS.
c
Any submission deadlines:
NONE
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form
990-PF
(2019)
Form 990-PF (2019)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
CAUSEWAY
16 PATTEN PARKWAY
CHATTANOOGA
,
TN
37402
NONE
PC
OPERATING SUPPORT
200,000
CENTER FOR MINDFUL LIVING
400 E MAIN ST 150
CHATTANOOGA
,
TN
37408
NONE
PC
GENERAL OPERATING SUPPORT
1,000
CHARLES H COOLIDGE MEDAL OF HONOR HERITAGE CENTER
368 NORTHGATE MALL DR 6922
CHATTANOOGA
,
TN
37415
NONE
PC
CAPITAL CAMPAIGN
30,000
CHATTANOOGA BAR FOUNDATION
801 BROAD ST
CHATTANOOGA
,
TN
37402
NONE
PC
MINORITY CLERKSHIP PROGRAM/JUDICIAL INTERN
5,000
CHATTANOOGA CHAMBER FOUNDATION
811 BROAD STREET SUITE 100
CHATTANOOGA
,
TN
37402
NONE
PC
CHATTANOOGA 2.0 OPERATING SUPPORT
175,000
CHATTANOOGA CHAMBER FOUNDATION
811 BROAD STREET SUITE 100
CHATTANOOGA
,
TN
37402
NONE
PC
CHATTANOOGA 2.0 OPERATING SUPPORT
175,000
CHATTANOOGA CHAMBER FOUNDATION
811 BROAD STREET SUITE 100
CHATTANOOGA
,
TN
37402
NONE
PC
2019 STYLES L. HUTCHINS FELLOWSHIP
4,000
CHATTANOOGA CHAMBER FOUNDATION
811 BROAD STREET SUITE 100
CHATTANOOGA
,
TN
37402
NONE
PC
2019 STYLES L. HUTCHINS FELLOWSHIP
10,000
CHATTANOOGA COMMUNITY KITCHEN
PO BOX 11203
CHATTANOOGA
,
TN
37402
NONE
PC
GENERAL OPERATING SUPPORT
2,000
CHATTANOOGA DESIGN STUDIO
719 CHERRY STREET SUITE 100
CHATTANOOGA
,
TN
37402
NONE
PC
OPERATING EXPENSES
140,000
CHATTANOOGA FOOTBALL CLUB FOUNDATION
1826 CARTER ST
CHATTANOOGA
,
TN
37408
NONE
PC
PURCHASE SAFETY PADDING FOR SURFACES AND POLES
10,000
CHATTANOOGA NEIGHBORHOOD ENTERPRISE
1500 CHESTNUT STREET ST 102
CHATTANOOGA
,
TN
37408
NONE
PC
HOUSING AND NEIGHBORHOOD STRATEGIES
300,000
CHATTANOOGA NEIGHBORHOOD ENTERPRISE
1500 CHESTNUT STREET ST 102
CHATTANOOGA
,
TN
37408
NONE
PC
HOUSING AND NEIGHBORHOOD STRATEGIES
250,000
CHATTANOOGA STATE
4501 AMNICOLA HIGHWAY
CHATTANOOGA
,
TN
37406
NONE
PC
SOUTHEAST TENNESSEE WORKS
105,000
CHATTANOOGA THEATRE CENTER
400 RIVER STREET
CHATTANOOGA
,
TN
37405
NONE
PC
FESTIVAL OF BLACK ARTS & IDEAS
10,000
CHATTANOOGANS IN ACTION FOR LOVE EQUALITY AND BENEVOLENCE
PO BOX 11202
CHATTANOOGA
,
TN
37401
NONE
PC
GENERAL OPERATING SUPPORT
40,000
CITY OF CHATTANOOGA
3300 AMNICOLA HWY
CHATTANOOGA
,
TN
37406
NONE
PC
MILLER PARK DISTRICT
500,000
CITY OF CHATTANOOGA
3300 AMNICOLA HWY
CHATTANOOGA
,
TN
37406
NONE
PC
UPWARD MOBILITY POLICY PLANNING
50,000
COLAB
55 E MAIN STREET
CHATTANOOGA
,
TN
37408
NONE
PC
GENERAL OPERATING SUPPORT
225,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
EDUCATIONAL OPPORTUNITY FUND
20,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
CHATTANOOGA 2.0 VENTURE FUND
1,000,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
ED JOHNSON PROJECT
50,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
EDUCATIONAL OPPORTUNITY FUND
50,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
EDUCATIONAL OPPORTUNITY FUND
40,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
EDUCATIONAL OPPORTUNITY FUND
10,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
BOARD CONNECTOR
21,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
RACIAL EQUITY FUND
10,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
FALLEN FIVE MEMORIAL FUND
10,000
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1270 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
MICRO SCHOOL OPPORTUNITY FUND
6,000
CONTEMPORARY PERFORMING ARTS
1307 DODDS AVE
CHATTANOOGA
,
TN
37404
NONE
PC
GENERAL OPERATING SUPPORT
1,000
CREATIVE DISCOVERY MUSEUM
321 CHESTNUT STREET
CHATTANOOGA
,
TN
37402
NONE
PC
GENERAL OPERATING SUPPORT
2,000
CREATIVE DISCOVERY MUSEUM
321 CHESTNUT STREET
CHATTANOOGA
,
TN
37402
NONE
PC
IGNITE DISCOVER CAPITAL CAMPAIGN
4,000
ENTERPRISE CENTER
1100 MARKET ST 500
CHATTANOOGA
,
TN
37402
NONE
PC
PUBLIC REALM ACTION PLAN FOR THE INNOVATION DISTRICT
50,000
ENTERPRISE CENTER
1100 MARKET ST 500
CHATTANOOGA
,
TN
37402
NONE
PC
PLACEMAKING WEEK 2019
10,000
ERLANGER HEALTH SYSTEM FOUNDATIONS
975 E 3RD ST
CHATTANOOGA
,
TN
37403
NONE
PC
BELIEVE, THE CAMPAIGN FOR CHILDREN'S HOSPITAL
100,000
GRANTMAKERS FOR EDUCATION
750 SW WASHINGTON ST STE 605
PORTLAND
,
OR
97205
NONE
PC
2019 ANNUAL DUES
1,750
GREENSPACES
63 E MAIN STREET
CHATTANOOGA
,
TN
37408
NONE
PC
GENERAL OPERATING SUPPORT
2,000
GREENSPACES
63 E MAIN STREET
CHATTANOOGA
,
TN
37408
NONE
PC
EQUIPMENT FOR THE GREENPRIX EVENT
5,000
GREENSPACES
63 E MAIN STREET
CHATTANOOGA
,
TN
37408
NONE
PC
BUILD IT GREEN
107,000
HAMILTON COUNTY DEPARTMENT OF EDUCATION
3074 HICKORY VALLEY RD
CHATTANOOGA
,
TN
37421
NONE
PC
STEM COLLABORATORY AT HOWARD CONNECT MIDDLE SCHOOL
100,000
HAMILTON COUNTY DEPARTMENT OF EDUCATION
3074 HICKORY VALLEY RD
CHATTANOOGA
,
TN
37421
NONE
PC
XFACTOR LAB AT HOWARD CONNECT ACADEMY
30,000
HAMILTON COUNTY DEPARTMENT OF EDUCATION
3074 HICKORY VALLEY RD
CHATTANOOGA
,
TN
37421
NONE
PC
INNOVATION COHORTS
65,000
HUMANE EDUCATIONAL SOCIETY
212 N HIGHLAND PARK AVE
CHATTANOOGA
,
TN
37404
NONE
PC
GENERAL OPERATING SUPPORT
1,500
RISE CHATTANOOGA
804 CENTRAL AVENUE
CHATTANOOGA
,
TN
37403
NONE
PC
THE HUB (ARTS & CULTURE INCUBATOR)
15,000
RISE CHATTANOOGA
804 CENTRAL AVENUE
CHATTANOOGA
,
TN
37403
NONE
PC
LEVITT AMP SERIES 2019
25,000
RISE CHATTANOOGA
804 CENTRAL AVENUE
CHATTANOOGA
,
TN
37403
NONE
PC
REI TRAINING EVALUATION
950
RISE CHATTANOOGA
804 CENTRAL AVENUE
CHATTANOOGA
,
TN
37403
NONE
PC
FOR JAZZY ELDERS PIANO CLASS
1,500
RISE CHATTANOOGA
804 CENTRAL AVENUE
CHATTANOOGA
,
TN
37403
NONE
PC
KINGSHIP CHESS ACADEMY
2,500
LAUNCH CHATTANOOGA
100 CHEROKEE BLVD SUITE 201
CHATTANOOGA
,
TN
37405
NONE
PC
OPERATING SUPPORT
100,000
LOOKOUT MOUNTAIN CONSERVANCY
PO BOX 76
LOOKOUT MOUNTAIN
,
TN
37350
NONE
PC
HOWARD SCHOOL LEADERSHIP PROGRAM
40,000
LOVE'S ARM OUTREACH
5233 DORSEY ST
CHATTANOOGA
,
TN
37407
NONE
PC
TO ASSIST WITH THE PURCHASE OF VEHICLE
1,500
PUBLIC EDUCATION FOUNDATION
100 EAST 10TH ST STE 500
CHATTANOOGA
,
TN
37402
NONE
PC
TEACHERPRENEUR INCUBATOR AND STEM FELLOW COHORT SUPPORT
300,000
PUBLIC EDUCATION FOUNDATION
100 EAST 10TH ST STE 500
CHATTANOOGA
,
TN
37402
NONE
PC
STEP UP CHATTANOOGA
100,000
PUBLIC EDUCATION FOUNDATION
100 EAST 10TH ST STE 500
CHATTANOOGA
,
TN
37402
NONE
PC
COLLEGE SCHOLARSHIPS FOR HOWARD SCHOOL GRADUATES
10,000
REFLECTION RIDING ARBORETUM & NATURE CENTER
400 GARDEN ROAD
CHATTANOOGA
,
TN
37419
NONE
PC
ERADICATION OF THE WOOLLY ADELGID
3,000
RIVER CITY COMPANY
850 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
DOWNTOWN PUBLIC REALM ENHANCEMENT FUND
225,000
RIVER CITY COMPANY
850 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
ML KING COMMERCIAL CORRIDOR
10,594
RIVER CITY COMPANY
850 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
DOWNTOWN PUBLIC REALM ENHANCEMENT FUND
40,000
RIVER CITY COMPANY
850 MARKET ST
CHATTANOOGA
,
TN
37402
NONE
PC
DOWNTOWN PUBLIC REALM ENHANCEMENT FUND
200,000
SOUNDCORPS CHATTANOOGA
301 E 11TH ST 300
CHATTANOOGA
,
TN
37403
NONE
PC
SIDEWALK STAGES
50,000
SOUTH WINGS
35 HAYWOOD STREET SUITE 201
ASHEVILLE
,
NC
28801
NONE
PC
GENERAL OPERATING SUPPORT
1,000
SOUTHEASTERN COUNCIL OF FOUNDATIONS
50 HURT PLAZA SUITE 350
ATLANTA
,
GA
30303
NONE
PC
2019 ANNUAL DUES
9,990
SPLASH
PO BOX 3617
CHATTANOOGA
,
TN
37404
NONE
PC
SUMMER 2019 ARTS FESTIVAL & PROGRAMMING
5,000
STEP AHEAD FOUNDATION CHATTANOOGA
736 GEORGIA AVENUE
CHATTANOOGA
,
TN
37402
NONE
PC
CAPACITY BUILDING AND EVALUATION
75,000
STEP AHEAD FOUNDATION CHATTANOOGA
736 GEORGIA AVENUE
CHATTANOOGA
,
TN
37402
NONE
PC
GENERAL OPERATING SUPPORT
2,000
THE CHATTANOOGA GIRLS LEADERSHIP ACADEMY
1802 BAILEY AVENUE
CHATTANOOGA
,
TN
37404
NONE
PC
TWO YEAR SUPPORT FOR STEAM FOCUS AT CGLA & PREP
200,000
TN STATE COLLABORATIVE ON REFORMING EDUCATION
511 UNION ST STE 1850
NASHVILLE
,
TN
372191767
NONE
PC
GENERAL OPERATING SUPPORT
200,000
TRUST FOR PUBLIC LAND
101 MONTGOMERY ST STE 900
SAN FRANCISCO
,
CA
94104
NONE
PC
SOUTH CHICKAMAUGA CREEK GREENWAY
250,000
UNIFIED
1609 MCCALLIE AVENUE
CHATTANOOGA
,
TN
37404
NONE
PC
OPERATING SUPPORT
125,000
UNIFIED
1609 MCCALLIE AVENUE
CHATTANOOGA
,
TN
37404
NONE
PC
OPERATING SUPPORT
125,000
UNIFIED
1609 MCCALLIE AVENUE
CHATTANOOGA
,
TN
37404
NONE
PC
GENERAL OPERATING SUPPORT
187,000
URBAN LEAGUE OF CHATTANOOGA
730 E ML KING BLVD
CHATTANOOGA
,
TN
37403
NONE
PC
NEW LEADERSHIP POSITION
30,000
URBAN LEAGUE OF CHATTANOOGA
730 E ML KING BLVD
CHATTANOOGA
,
TN
37403
NONE
PC
WOMENS CODING CLASSES
10,000
WTCI-TV 45
7540 BONNYSHIRE DRIVE
CHATTANOOGA
,
TN
37416
NONE
PC
GENERAL OPERATING SUPPORT
2,500
BESSIE SMITH CULTURAL CENTER AFRICAN AMERICAN MUSEUM PERFORMANCE HALL
200 E M L KING BLVD
CHATTANOOGA
,
TN
37403
NONE
PC
ORAL HISTORY PROJECT
10,000
BESSIE SMITH CULTURAL CENTER AFRICAN AMERICAN MUSEUM PERFORMANCE HALL
200 E M L KING BLVD
CHATTANOOGA
,
TN
37403
NONE
PC
CHATTANOOGA BIG 9 ROOTS FESTIVAL
20,000
BOY SCOUTS OF AMERICA
6031 LEE HWY
CHATTANOOGA
,
TN
37421
NONE
PC
GENERAL OPERATING SUPPORT
1,000
BOYS & GIRLS CLUB OF CHATTANOOGA
610 LINDSAY ST
CHATTANOOGA
,
TN
37403
NONE
PC
GENERAL OPERATING SUPPORT
1,500
CALVIN DONALDSON ELEMENTARY
927 W 37TH ST
CHATTANOOGA
,
TN
37410
NONE
PC
RISE ACADEMY
10,000
CHAMBLISS CENTER FOR CHILDREN
315 GILLESPIE ROAD
CHATTANOOGA
,
TN
37411
NONE
PC
EARLY CHILDHOOD EDUCATION CENTER
7,000
CHATTANOOGA NEIGHBORHOODS ARTS PARTNERSHIP
422 E M L KING BLVD
CHATTANOOGA
,
TN
37403
NONE
PC
CHATTANOOGA FESTIVAL OF BLACK ARTS & IDEAS
15,000
DADE ANIMAL RESOURCE TEAM
PO BOX 9
LOOKOUT MOUNTAIN
,
TN
37350
NONE
PC
GENERAL OPERATING SUPPORT
1,000
EAST SIDE ELEMENTARY SCHOOL
1603 S LYERLY ST
CHATTANOOGA
,
TN
37404
NONE
PC
WALKING TRAIL AT EAST SIDE ELEMENTARY
6,000
FRIENDS OF OUTDOOR CHATTANOOGA INC
200 RIVER ST
CHATTANOOGA
,
TN
37405
NONE
PC
FIRESDIE LATINO
5,000
FRIENDS OF THE ZOO INC
301 N HOLTZCLAW AVE
CHATTANOOGA
,
TN
37404
NONE
PC
GIRAFFE EXHIBIT
5,000
GLASS HOUSE COLLECTIVE
2513 N CHAMBERLAIN AVE
CHATTANOOGA
,
TN
37406
NONE
PC
GLASS FARMS NEIGHBORHOOD IMPROVEMENTS PROGRAM
40,000
HOWARD SCHOOL
2500 MARKET ST
CHATTANOOGA
,
TN
37408
NONE
PC
SATURDAY SUCCESS ACADEMY
8,000
HOWARD SCHOOL
2500 MARKET ST
CHATTANOOGA
,
TN
37408
NONE
PC
THE HOWARD SCHOOL RESILIENCY AWARDS
5,000
HOWARD SCHOOL
2500 MARKET ST
CHATTANOOGA
,
TN
37408
NONE
PC
TIGERPALOOZA AN END OF THE SCHOOL YEAR CELEBRATION
5,000
HOWARD SCHOOL
2500 MARKET ST
CHATTANOOGA
,
TN
37408
NONE
PC
TRANSPORTATION ASSISTANCE
10,000
HOWARD SCHOOL
2500 MARKET ST
CHATTANOOGA
,
TN
37408
NONE
PC
PROJECT GRADUATE
10,000
IVY ROSE FOUNDATION
PO BOX 81053
CHATTANOOGA
,
TN
37414
NONE
PC
GENERAL OPERATING SUPPORT
500
LA PAZ CHATTANOOGA
1402 BAILEY AVE
CHATTANOOGA
,
TN
37404
NONE
PC
PROGRAM SUPPORT
6,000
LA PAZ CHATTANOOGA
1402 BAILEY AVE
CHATTANOOGA
,
TN
37404
NONE
PC
RENOVATE THE OLD FIRE HALL
100,000
LA PAZ CHATTANOOGA
1402 BAILEY AVE
CHATTANOOGA
,
TN
37404
NONE
PC
RENOVATION OF NEW COMMUNITY CENTER
2,500
LEADERSHIPSHIP TENNESSEELIPSCOMB UNIVERISTY
1 UNIVERSITY PARK DR
NASHVILLE
,
TN
37204
NONE
PC
LEADERSHIP DEVELOPMENT PROGRAM
10,000
METROPOLITAN MINISTRIES
1112 MCCALLIE AVE
CHATTANOOGA
,
TN
37404
NONE
PC
GENERAL OPERATING SUPPORT
1,500
OLIVET BAPTIST CHURCH
740 E M L KING BLVD
CHATTANOOGA
,
TN
37403
NONE
PC
STUDENT ASSISTANCE PROGRAM
6,000
PLACING EMPHASIS ON KIDS (PEAK)
1771 SOUTHERNWOOD DR
CHATTANOOGA
,
TN
37421
NONE
PC
PROGRAMMING SUPPORT
500
SIGNAL CENTERS
109 N GERMANTOWN RD
CHATTANOOGA
,
TN
37411
NONE
PC
SPECIAL TRANSPORTATION SERVICES FOR PARTICIPANTS IN THE SOCIAL SERVICE PROGRAM
10,000
SKYUKA HALL
5600 BRAINERD RD
CHATTANOOGA
,
TN
37411
NONE
PC
GENERAL OPERATING SUPPORT
1,500
SONGBIRDS FOUNDATION INC
35 STATION ST
CHATTANOOGA
,
TN
37408
NONE
PC
GUITARS FOR KIDS PROGRAM AT EAST LAKE ACADEMY
40,000
STEM SCHOOL CHATTANOOGA
4353 AMNICOLA HWY
CHATTANOOGA
,
TN
37406
NONE
PC
SCHOLARSHIP FOR THE INVENTANOOGA WINNING TEAM
1,000
THE BETHLEHEM CENTER
200 W 38TH ST
CHATTANOOGA
,
TN
37410
NONE
PC
IMPACT 1
6,000
THE CHATTERY
1800 ROSSVILLE AVE STE 108
CHATTANOOGA
,
TN
37408
NONE
PC
AUSTIN CHANNING BROWN SPEAKING ENGAGEMENT AND WORKSHOP
10,000
THE PASSAGE
100 RIVERFRONT PKWY
CHATTANOOGA
,
TN
37402
NONE
PC
PROGRAM SUPPORT
5,000
YOUNG WOMENS LEADERSHIP ACADEMY FOUNDATION INC
1802 BAILEY AVENUE
CHATTANOOGA
,
TN
37404
NONE
PC
ELEMENTARY SCHOOL BUILDING RENOVATION
7,000
PEARL GROUP
PO BOX 822
CHATTANOOGA
,
TN
37401
NONE
PC
GENERAL OPERATING SUPPORT
500
Total
.................................
3a
6,643,284
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
165,504
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
14
21,876
8
Gain or (loss) from sales of assets other than
inventory
............
18
3,134,821
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
OTHER INVESTMENT INCOME/LOSSES- LIMITED PARTNERSHIPS
213,137
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
213,137
3,322,201
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
3,535,338
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2019)
Form 990-PF (2019)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description