Chattanooga Ophthalmological Foundation is a private foundation focused on Education, based in CHATTANOOGA, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 3 grants totaling $145K. Net investment income was $2.3M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
+58.0% YoY
Annual Giving
$145K
-35.1% YoY
Grant Count
3
-50.0% YoY
Avg Grant Size
$48K
+29.9% YoY
Under IRS private-foundation payout rules, Chattanooga Ophthalmological Foundation reported a distributable amount of $220K for 2024 — the minimum it must pay out in qualifying distributions.
About Chattanooga Ophthalmological Foundation
Based on IRS filings
Chattanooga Ophthalmological Foundation is a private foundation focused on Education, based in CHATTANOOGA, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 3 grants totaling $145K. Net investment income was $2.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,585,199 | $3,534,990 | $3,969,516 |
| Revenue | $2,321,153 | $201,351 | $377,842 |
| Expenses | $299,706 | $337,438 | $355,596 |
| Qualifying Distributions | $204,733 | $277,734 | $294,964 |
| Net Investment Income | $2,254,304 | $140,707 | $330,407 |
| Distributable Amount | $220,359 | $226,069 | $250,373 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Erlanger Health System ($107,164), Volunteers in Medicine ($32,000), Lifespring Community Health ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ERLANGER HEALTH SYSTEM CHATTANOOGA, TN | REPLACEMENT OF OUTDATED MICROSCOPE TO ASSIST IN PATIENT SURGERIES | $107,164 |
| LIFESPRING COMMUNITY HEALTH CHATTANOOGA, TN | TO PROVIDE EYE CARE TO UNDESERVED CHILDREN IN THE CHATTANOOGA AREA | $6,000 |
| VOLUNTEERS IN MEDICINE CHATTANOOGA, TN | PROVIDING EYE CARE TO LOW INCOME, UNINSURED PATIENTS IN THE GREATER CHATTANOOGA ARE | $32,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR STEVE M THOMAS | PRESIDENT AND DIRECTOR | 1 | — |
| MOLLY R SEAL MD | FORMER PRESIDENT | 1 | $1,000 |
| JAMES L CATANZARO | SECRETARY/TREASURER | 1 | — |
| CHARLES A KIRBY MD | DIRECTOR | 0.25 | — |
| RICHARD I BREAZEALE MD | DIRECTOR | 0.25 | — |
| PATRICK J BOWERS JR MD | DIRECTOR | 0.25 | — |
| THOMAS M REYNOLDS MD | DIRECTOR | 0.25 | — |
| JOHN CALEB HILDEBRAND MD | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Chattanooga Ophthalmological Foundation?
Chattanooga Ophthalmological Foundation is a private foundation focused on Education, based in CHATTANOOGA, TN. It holds $5.6M in total assets as of 2024.
How large is Chattanooga Ophthalmological Foundation?
As of 2024, Chattanooga Ophthalmological Foundation holds $5.6M in total assets with $2.3M in annual revenue. It awarded 3 grants totaling $145K in 2024.
Where does Chattanooga Ophthalmological Foundation operate?
Chattanooga Ophthalmological Foundation has awarded grants in Tennessee.
What size grants does Chattanooga Ophthalmological Foundation award?
In 2024, Chattanooga Ophthalmological Foundation awarded 3 grants totaling $145K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is Chattanooga Ophthalmological Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chattanooga Ophthalmological Foundation reported a distributable amount of $220K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chattanooga Ophthalmological Foundation's EIN?
Chattanooga Ophthalmological Foundation's EIN (Employer Identification Number) is 23-7038515. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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