CHATTANOOGAHAMILTON COUNTY PUBLIC EDUCATION FUND

EIN: 621356764 501(c)(3) Education

CHATTANOOGA, TN

Total Revenue
$3,345,349
Total Expenses
$6,298,828
Total Assets
$18,476,795
Net Assets
$12,923,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
TN
Principal Officer
DANIEL D CHALLENER
Phone
4232659403
Tax Period
2024-07-01 to 2025-06-30

CHATTANOOGAHAMILTON COUNTY PUBLIC EDUCATION FUND, founded in 1988, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $6.3M exceeded revenue, resulting in a 88% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $1,312,935

PROJECT 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...

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PROJECT 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.

Program 2
Expenses: $631,482

GATEWAY SCHOLARS (CAMS) - GATEWAY SCHOLARS IS A MENTORSHIP PROGRAM THAT PAIRS HIGH SCHOOL STUDENTS WITH COLLEGE ADVANCEMENT MENTORS (CAMS) WHO SUPPORT THE STUDENTS TO AND THROUGH COLLEGE SUCCESS...

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GATEWAY SCHOLARS (CAMS) - GATEWAY SCHOLARS IS A MENTORSHIP PROGRAM THAT PAIRS HIGH SCHOOL STUDENTS WITH COLLEGE ADVANCEMENT MENTORS (CAMS) WHO SUPPORT THE STUDENTS TO AND THROUGH COLLEGE SUCCESS. CAMS PROVIDE TAILORED SERVICES TO STUDENTS AS THEY TRANSITION TO COLLEGE, PROMOTING SELF-ADVOCACY, A GROWTH MINDSET, AND ACADEMIC, SOCIAL, AND EMOTIONAL LEARNING.

Program 3
Expenses: $1,918,587

VW ELABS - THE VW ELABS PROGRAM HAS PLACED HIGH-TECH LEARNING LABS IN 35 HAMILTON COUNTY SCHOOLS TO DATE. THESE LABS PROVIDE UNIQUE OPPORTUNITIES FOR THE DEVELOPMENT AND IMPLEMENTATION OF...

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VW ELABS - THE VW ELABS PROGRAM HAS PLACED HIGH-TECH LEARNING LABS IN 35 HAMILTON COUNTY SCHOOLS TO DATE. THESE LABS PROVIDE UNIQUE OPPORTUNITIES FOR THE DEVELOPMENT AND IMPLEMENTATION OF PROBLEM-BASED LEARNING CURRICULA.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,164,206
Program Service Revenue $214,120
Investment Income $953,312
Other Revenue $13,711
TOTAL REVENUE $3,345,349

Expense Breakdown

Grants Paid $2,028,643
Salaries & Benefits $2,738,227
Fundraising Expenses $326,375
Program Expenses $5,016,487
Other Expenses $1,531,958
TOTAL EXPENSES $6,298,828

Year-over-Year Comparison

2024 2023 Change
Revenue $3,345,349 $2,214,633 +0.5%
Expenses $6,298,828 $4,480,091 +0.4%
Net Income $-2,953,479 $-2,265,458 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
59
Volunteers
72

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$457,324
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN F GERM CHAIR 3.00
Officer Director
$0 $0 $0
ROGER DICKSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
H GRANT LAW JR TREASURER 3.00
Officer Director
$0 $0 $0
ASHLIE HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
JACOB PRESTON DIRECTOR 1.00
Director
$0 $0 $0
TODD WOMACK DIRECTOR 1.00
Director
$0 $0 $0
ALAN L LEBOVITZ DIRECTOR 1.00
Director
$0 $0 $0
DR SUE ANNE WELLS DIRECTOR 1.00
Director
$0 $0 $0
DR FANNIE HEWLETT DIRECTOR 1.00
Director
$0 $0 $0
LISA IGLESIAS SECRETARY 1.00
Officer Director
$0 $0 $0
IAN LEAVY DIRECTOR 1.00
Director
$0 $0 $0
DR STEVEN ANGLE DIRECTOR 1.00
Director
$0 $0 $0
ROY VAUGHN DIRECTOR 1.00
Director
$0 $0 $0
DANIEL D CHALLENER PRESIDENT 45.00
Officer
$269,587 $32,991 $302,578
LARRY STONE CHIEF FINANCIAL OFFICER 45.00
Officer
$135,750 $18,996 $154,746
MICHAEL STONE VICE PRESIDENT 40.00
Highest
$140,439 $18,246 $158,685
KEITH WHITE VICE PRESIDENT 40.00
Highest
$111,176 $25,888 $137,064
J MICHELLE CALDWELL PROGRAM DIRECTOR 40.00
Highest
$111,198 $16,803 $128,001
MARK NEAL PROGRAM DIRECTOR 40.00
Highest
$110,948 $24,685 $135,633
KAYLA SHUGART DIRECTOR 40.00
Highest
$115,000 $14,613 $129,613
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,345,349 $6,298,828 $18,476,795 $-2,953,479
2024 $2,214,633 $4,480,091 $21,106,592 $-2,265,458
2023 $2,845,428 $4,569,423 $17,474,311 $-1,723,995
2022 $9,291,458 $4,310,257 $18,265,172 $4,981,201
2021 $4,631,214 $5,688,067 $16,006,378 $-1,056,853
2020 $5,199,585 $4,271,868 $14,671,213 $927,717
2019 $3,910,490 $4,315,151 $14,208,362 $-404,661
2018 $3,670,011 $4,277,179 $14,306,875 $-607,168
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