Chattanooga Fc Foundation Inc
Nonprofit profile at a glance
- EIN
- 473508771
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Chattanooga, TN, USA
- Phone
- 7069874565
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Soccer
Reported finances
- Revenue
- $1,787,686
- Expenses
- $1,503,721
- Assets
- $4,037,943
- Liabilities
- $140,568
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DARYL HEALD (PRESIDENT)
People named in this filing
- FRANK BROCK (SECRETARY)
- HANNAH GRIGGS (BOARD MEMBER)
- SHELDON GRIZZLE (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Chattanooga fc foundation is an after school and summer soccer program that seeks to develop creativity, discipline, social skills and team building of its youth through the powerful avenue of soccer.
What it reported doing in 2024
The foundation used chattanooga sports ministries and operation get active programs in close partnership with local churches, schools and recreational centers to lead youth and families in economically or culturally challenged neighborhoods in the chattanooga community to reach new heights by fostering relationships and encouraging healthy lifestyles through soccer. This unique and effective way of investing in children's development instigated social change and helped build a stronger community. In 2018, the foundation worked with young people in 26 schools, 10 rec centers and 4 neighborhoods. The foundation also managed highland park commons which provided a safe and healthy environment for more than a thousand people from 24 different countries to come together and build community by playing soccer.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 86
- Accountability: 82
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.5%; rating input score 69
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: $111.48 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.9%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 2.69; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 18.7% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 18.5% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 37.8% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 69.5% of revenue deployed · 79.8% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $1.2M in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.