Chattanooga-Hamilton County Public Education Fund
- Assets
- $14.7m
- Revenue
- $5.2m
- Investments
- $8.1m
- Employees
- 82
- Location
- Chattanooga, TN
- Founding
- 01/1989
- Data as of
- 06/2020
- EIN
- 62-1356764
Organization Overview
Chattanooga-Hamilton County Public Education Fund, operating under the name Public Education Foundation, is located in Chattanooga, TN. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Public Education Foundation employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Public Education Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $4.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Public Education Foundation has awarded 44 individual grants totaling $3,842,902. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE STUDENT ACHIEVEMENT IN PUBLIC SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
OTHER PROGRAM SERVICES - STEP-UP, BLUE SKY, STEM, INNOVATIVE EDUCATOR, CAMP COLLEGE AND OTHER PROGRAMS DESIGNED TO PROVIDE PROFESSIONAL DEVELOPMENT TO TEACHERS AND SCHOOL ADMINISTRATORS WITH A FOCUS ON IMPROVING STUDENT ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel D Challener President | Officer | 45 | $247,592 |
Michael Stone VP And Program Director | 40 | $103,273 | |
Larry Stone CFO | Officer | 45 | $101,307 |
H Grant Law Jr Treasurer | OfficerTrustee | 3 | $0 |
John F Germ Chair | OfficerTrustee | 3 | $0 |
Roger Dickson Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Padeia Consulting Group Consulting | 6/29/18 | $104,350 |
10th Street Holding Llc Landlord | 6/29/18 | $171,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,512,687 |
| Investment income | $230,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $431,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,199,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $250,592 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $384,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,911,976 |
| Pension plan accruals and contributions | $75,737 |
| Other employee benefits | $219,297 |
| Payroll taxes | $159,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,077 |
| Fees for services: Accounting | $24,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,758 |
| Advertising and promotion | $0 |
| Office expenses | $144,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $171,703 |
| Travel | $30,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,458 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,271,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,071 |
| Savings and temporary cash investments | $1,658,629 |
| Pledges and grants receivable | $1,681,202 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,146 |
| Investments—publicly traded securities | $3,093,580 |
| Investments—other securities | $8,126,378 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,671,213 |
| Accounts payable and accrued expenses | $316,845 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $316,845 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $14,354,368 |
Grants Awarded
Over the last fiscal year, Chattanooga-Hamilton County Public Education Fund has awarded $1,171,715 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HAMILTON COUNTY DEPARTMENT OF EDUCATION-TN CARES DEVICES FOR STUDENTS PURPOSE: TO PROVIDE COMPUTER DEVICES FOR STUDENTS | $690,110 |
HAMILTON COUNTY DEPARTMENT OF EDUCATION-TECHNOLOGY ASSISTANCE PURPOSE: TO FUND VW ELABS FOR SEVEN SCHOOLS | $177,995 |
Chattanooga, TN PURPOSE: TO PROVIDE COMPUTER DEVICES FOR STUDENTS | $153,515 |
HAMILTON COUNTY DEPARTMENT OF EDUCATION-LITERACY GRANT PURPOSE: TO PROVIDE SUPPORT FOR LITERACY CAMPAIGN | $143,250 |
HAMILTON COUNTY DEPARTMENT OF EDUCATION-ENGAGE FUNDING PURPOSE: TO PROVIDE PBL AND VIDEO DEVELOPMENT SUPPPORT | $6,845 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Chattanooga-Hamilton County Public Education Fund has recieved totaling $589,298.
| Awarding Organization | Amount |
|---|---|
Tennessee State Collaborative On Reforming Education Nashville, TN PURPOSE: AWARD | $400,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $54,992 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $54,992 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $25,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNRESTRICTED | $25,000 |
Hamilton County Schools Foundation Chattanooga, TN PURPOSE: Brown Academy Center for Innovation programming. | $14,472 |
Endowment Analysis
| Beg. Balance | $13,555,993 |
| Earnings | -$2,071,622 |
| Other Expense | $366,379 |
| Ending Balance | $11,117,992 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |