Chattanooga Christian Community Foundation / The Generosity Trust 
The information on this page was last updated 4/24/2024. If you see errors or omissions, please email: [email protected]
Summary
The Chattanooga Christian Community Foundation works to serve donors, ministries, and legal and financial advisors in the greater Chattanooga area.
Contact information
Mailing address:
The Generosity Trust
345 Frazier Ave
Unit 205
Chattanooga, TN 37405
Website: www.thegenerositytrust.org
Phone: (423) 266-5257
Email: [email protected]
Organization details
EIN: 621536731
CEO/President: James R. Barber
Chairman: Bruce C. Zeiser
Board size: 9
Founder: Dora Maclellan Brown
Ruling year: 1993
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Our primary purpose is to provide donor-advised funds for believers - all across the country - to assist them in honoring the Lord with what He has entrusted to them.
Mission statement
The Generosity Trust advances the cause of Christ by magnifying the joyful generosity of Christians.
Statement of faith
Donor confidence score
This organization does not file a Form 990.
Show donor confidence score detailsTransparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Foundations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 629 of 1118 | 5 of 10 |
| Fund acquisition rating | | 942 of 1119 | 7 of 10 |
| Resource allocation rating | | 539 of 1119 | 4 of 10 |
| Asset utilization rating | | 306 of 1118 | 7 of 10 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 94% | 91% | 80% | 92% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 6% | 9% | 20% | 8% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 98% | 99% | 99% | 98% |
Spending ratio Spending ratio = Total expenses / Total revenue | 73% | 81% | 71% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 71% | 80% | 70% | 91% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 27% | 19% | 29% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | 8% | 11% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 2% | 1% | 1% | 1% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.30 | 0.31 | 0.25 | 0.26 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.57 | 1.08 | 1.08 | 1.12 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 0.47 | 0.33 | 0.27 | 0.30 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 395.82 | 1453.32 | 1487.97 | 691.55 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 25.74 | 35.96 | 45.01 | 40.53 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 3% | 4% | 3% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 305% | 312% | 392% | 368% |
Financials
| Balance sheet | |||
| Assets | 2022 | 2021 | 2020 |
| Cash | $27,315,408 | $28,177,641 | $18,442,593 |
| Receivables, inventories, prepaids | $3,095,492 | $3,461,551 | $3,649,733 |
| Short-term investments | $63,113,332 | $68,267,250 | $63,371,205 |
| Other current assets | $0 | $0 | $0 |
| Total current assets | $93,524,232 | $99,906,442 | $85,463,531 |
| Long-term investments | $1,413,588 | $1,657,572 | $1,658,195 |
| Fixed assets | $721,862 | $747,861 | $777,559 |
| Other long-term assets | $5,610,455 | $5,549,397 | $7,987,989 |
| Total long-term assets | $7,745,905 | $7,954,830 | $10,423,743 |
| Total assets | $101,270,137 | $107,861,272 | $95,887,274 |
| Liabilities | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $64,352 | $67,143 | $36,963 |
| Other current liabilities | $0 | $0 | $86,620 |
| Total current liabilities | $64,352 | $67,143 | $123,583 |
| Debt | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 |
| Other long-term liabilities | $3,910,861 | $3,511,389 | $2,898,523 |
| Total long-term liabilities | $3,910,861 | $3,511,389 | $2,898,523 |
| Total liabilities | $3,975,213 | $3,578,532 | $3,022,106 |
| Net assets | 2022 | 2021 | 2020 |
| Without donor restrictions | $84,844,021 | $90,158,828 | $79,323,184 |
| With donor restrictions | $12,450,903 | $14,123,912 | $13,541,984 |
| Net assets | $97,294,924 | $104,282,740 | $92,865,168 |
| Revenues and expenses | |||
| Revenue | 2022 | 2021 | 2020 |
| Total contributions | $35,092,676 | $30,141,443 | $25,348,929 |
| Program service revenue | $31,668 | $20,054 | $22,304 |
| Membership dues | $0 | $0 | $0 |
| Investment income | $3,417,053 | $7,557,365 | $2,027,309 |
| Other revenue | ($20,473) | $13,874 | $11,906 |
| Total other revenue | $3,428,248 | $7,591,293 | $2,061,519 |
| Total revenue | $38,520,924 | $37,732,736 | $27,410,448 |
| Expenses | 2022 | 2021 | 2020 |
| Program services | $30,789,925 | $26,289,152 | $24,872,637 |
| Management and general | $365,495 | $296,537 | $359,134 |
| Fundraising | $34,831 | $34,811 | $34,709 |
| Total expenses | $31,190,251 | $26,620,500 | $25,266,480 |
| Change in net assets | 2022 | 2021 | 2020 |
| Surplus (deficit) | $7,330,673 | $11,112,236 | $2,143,968 |
| Other changes in net assets | $0 | $0 | $0 |
| Total change in net assets | $7,330,673 | $11,112,236 | $2,143,968 |
Compensation
| Name | Title | Compensation |
| James R Barber | President | $160,740 |
Compensation data as of: 12/31/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/24/2024. To update the information below, please email: [email protected]
History
The story of The Generosity Trust is the story of a Christian woman with a bold vision: to be extraordinarily generous with the financial resources God had entrusted to her. Dora Maclellan Brown, affectionately known as Aunt Dora, served on the Board of her family's private foundation and encouraged them in a letter "to always remember the definitely Christian faith." Using proceeds earned through her family business, she started her own foundation that would become The Generosity Trust. Her letter has become a guiding principle for our outreach.
Today, The Generosity Trust (TGT) carries forward Aunt Dora's vision more than 50 years later. We advance the cause of Christ by magnifying the joyful generosity of Christians. While continuing to make grants and provide seminary scholarships in memory of our founder, we are primarily a donor-driven foundation that provides funds and services to simplify charitable giving for generous Christians.
The legacy of Aunt Dora remains central to our work today as we begin serving a third generation of donors. We partner with people who want to be generous with their financial resources and leave a legacy for years to come.