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Nonprofiteer
← WORLD CHESS MUSEUM INC

Form 990 for tax year 2023

Filed by WORLD CHESS MUSEUM INC.

Totals

Total revenue
$3,958,221
Total expenses
$3,163,866
Contributions and grants received
$3,825,368
Grants paid
$20,000
Program service revenue
$39,421
Investment income
$1,110
Other revenue
$92,322
Total assets, end of year
$5,758,599
Total liabilities, end of year
$3,398,596
Net assets or fund balances, end of year
$2,360,003
Program services expenses (Part IX)
$2,553,253
Management and general expenses
$465,105
Fundraising expenses
$145,508
Program service expenses (Part III)
$2,553,253

Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $10,000

  • 1b · Membership dues

    $9,234

  • 1c · Fundraising events

    $125,764

  • 1e · Government grants (contributions)

    $66,973

  • 1f · All other contributions, gifts and grants

    $3,613,397

  • 1g · Noncash contributions included above

    $8,100

  • 2a · Program service revenue: CULTURAL EDU. OUTREACH

    total $39,421 · related or exempt $39,421

  • 3 · Investment income

    total $1,110 · excluded $1,110

  • 8a · Fundraising events: gross income

    $39,450

  • 8a · Fundraising events: contributions included on line 1c

    $125,764

  • 8b · Fundraising events: direct expenses

    $63,552

  • 8c · Net income from fundraising events

    total -$24,102 · excluded -$24,102

  • 10a · Gross sales of inventory

    $243,919

  • 10b · Cost of goods sold

    $130,778

  • 10c · Net income from sales of inventory

    total $113,141 · related or exempt $113,141

  • 11d · All other revenue

    total $3,283 · related or exempt $3,283

  • 11e · Other revenue, total

    $3,283

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 5 · Compensation of officers, directors and key employees

    total $139,686 · program services $125,717 · management and general $6,984 · fundraising $6,985

  • 7 · Other salaries and wages

    total $918,784 · program services $747,403 · management and general $128,263 · fundraising $43,118

  • 8 · Pension plan contributions

    total $20,298 · program services $16,436 · management and general $2,912 · fundraising $950

  • 9 · Other employee benefits

    total $106,781 · program services $87,219 · management and general $14,539 · fundraising $5,023

  • 10 · Payroll taxes

    total $72,686 · program services $59,886 · management and general $9,362 · fundraising $3,438

  • 11a · Fees: management

    total $170,000 · program services $51,000 · management and general $68,000 · fundraising $51,000

  • 11b · Fees: legal

    total $60,866 · management and general $60,866

  • 11c · Fees: accounting

    total $18,650 · management and general $18,650

  • 11e · Fees: professional fundraising services

    total $34,410 · fundraising $34,410

  • 11g · Fees: other

    total $330,305 · program services $312,539 · management and general $17,766

  • 12 · Advertising and promotion

    total $88,153 · program services $84,184 · management and general $3,969

  • 13 · Office expenses

    total $149,217 · program services $123,933 · management and general $24,700 · fundraising $584

  • 14 · Information technology

    total $60,573 · program services $51,029 · management and general $9,544

  • 16 · Occupancy

    total $431,233 · program services $363,285 · management and general $67,948

  • 17 · Travel

    total $28,871 · program services $24,322 · management and general $4,549

  • 22 · Depreciation, depletion and amortization

    total $48,787 · program services $41,100 · management and general $7,687

  • 23 · Insurance

    total $51,025 · program services $42,985 · management and general $8,040

  • 24a · Other expenses: EXHIBITIONS

    total $341,661 · program services $341,661

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $71,880 · program services $60,554 · management and general $11,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $279,725 · end of year $682,103

  • 3 · Pledges and grants receivable

    beginning of year $7,109 · end of year $21,759

  • 4 · Accounts receivable

    beginning of year $35,290 · end of year $27,091

  • 8 · Inventories for sale or use

    beginning of year $157,922 · end of year $159,439

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,571 · end of year $62,698

  • 10a · Land, buildings and equipment: cost or other basis

    $1,696,083

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,403,543

  • 10c · Land, buildings and equipment, net

    beginning of year $118,870 · end of year $292,540

  • 14 · Intangible assets

    beginning of year $36,571 · end of year $25,319

  • 15 · Other assets

    beginning of year $4,380,928 · end of year $4,487,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,311 · end of year $110,659

  • 19 · Deferred revenue

    beginning of year $4,989 · end of year $3,396

  • 25 · Other liabilities

    beginning of year $3,334,038 · end of year $3,284,541

  • 27 · Net assets without donor restrictions

    beginning of year $1,394,664 · end of year $2,230,857

  • 28 · Net assets with donor restrictions

    beginning of year $170,984 · end of year $129,146

Mission and programs · 2023

Mission

THE MISSION AND PRINCIPAL ACTIVITIES OF THE WORLD CHESS HALL OF FAME AND MUSEUM IS TO EDUCATE VISITORS, FANS, PLAYERS, AND SCHOLARS BY COLLECTING, PRESERVING, EXHIBITING, AND INTERPRETING THE GAME OF CHESS AND ITS CONTINUING CULTURAL AND ARTISTIC SIGNIFICANCE.

Activities or mission (Part I)

TO EDUCATE OUR VISITORS BY EXHIBITING AND INTERPRETING THE GAME OF CHESS AND ITS SIGNIFICANCE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,666,218 · Grants $20,000

  • SEE SCHEDULE O.EDUCATION AND ADULT PROGRAMMING: IN KEEPING WITH ITS MISSION OF INTERPRETING THE GAME OF CHESS AND ITS CONTINUING CULTURAL AND ARTISTIC SIGNIFICANCE, THE WORLD CHESS HALL OF FAME OFFERS LOW-COST EDUCATIONAL AND MUSICAL PROGRAMMING. IN THE EVENING, THE ORGANIZATION HELD PROGRAMMING EVENTS WITH VISITING ARTISTS, COMPOSERS, MUSICIANS, SCHOLARS, CURATORS, AND CHESS PROFESSIONALS.

    Expenses $622,206 · Revenue $39,421

  • SEE SCHEDULE O.RETAIL STORE:SUPPORTS THE MISSION OF THE WORLD CHESS HALL OF FAME BY OFFERING CHESS AND CHESS RELATED MERCHANDISE AND MERCHANDISE RELATED TO OR SUPPORTING THE ITEMS ON DISPLAY IN THE HALL OF FAME AND IN THE EXHIBITION HALLS AS WELL AS MERCHANDISE INTENDED TO ATTRACT VISITORS TO THE WORLD CHESS HALL OF FAME.

    Expenses $264,829 · Revenue $116,424

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Andrew Walker

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Shelia Manion

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Paul Ha

    SECRETARY (THRU 1/31/23)

    Total calculated
    $0
    Hours/week
    0.3

  • John Beckstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mark Rawlins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jennifer Shahade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Celeste Vossmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Shannon Bailey

    VP - CHIEF CURATOR

    Total calculated
    $139,686
    From this org
    $125,931
    From related orgs
    $0
    Other
    $13,755
    Hours/week
    40

  • Rex Sinquefield

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8 + 16 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413189349309981

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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