Form 990 for tax year 2023
Filed by NATIONAL SCHOLASTIC CHESS FOUNDATION INC.
Totals
- Total revenue
- $874,319
- Total expenses
- $789,271
- Contributions and grants received
- $128,403
- Grants paid
- $0
- Program service revenue
- $745,916
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $448,791
- Total liabilities, end of year
- $69,280
- Net assets or fund balances, end of year
- $379,511
- Program services expenses (Part IX)
- $589,405
- Management and general expenses
- $153,626
- Fundraising expenses
- $46,240
- Program service expenses (Part III)
- $589,405
Program services were 74.7% 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.
-
1e · Government grants (contributions)
$35,000
-
1f · All other contributions, gifts and grants
$93,403
-
2a · Program service revenue: Chess classes
total $603,065 · related or exempt $603,065
-
2b · Program service revenue: Chess tournaments
total $47,364 · related or exempt $47,364
-
2c · Program service revenue: Summer camps
total $95,487 · related or exempt $95,487
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $104,280 · program services $52,140 · management and general $31,284 · fundraising $20,856
-
7 · Other salaries and wages
total $199,500 · program services $157,275 · management and general $28,950 · fundraising $13,275
-
9 · Other employee benefits
total $9,384 · program services $4,880 · management and general $3,643 · fundraising $861
-
10 · Payroll taxes
total $24,445 · program services $16,915 · management and general $4,773 · fundraising $2,757
-
11c · Fees: accounting
total $7,338 · management and general $7,338
-
11g · Fees: other
total $308,008 · program services $262,131 · management and general $43,392 · fundraising $2,485
-
13 · Office expenses
total $10,956 · program services $9,312 · management and general $1,096 · fundraising $548
-
14 · Information technology
total $4,674 · program services $3,973 · management and general $467 · fundraising $234
-
17 · Travel
total $15,952 · program services $9,571 · management and general $3,988 · fundraising $2,393
-
23 · Insurance
total $5,698 · program services $4,558 · management and general $855 · fundraising $285
-
24a · Other expenses: Supplies & schlorships
total $38,105 · program services $33,393 · management and general $4,712
-
24b · Other expenses: Contract services
total $47,710 · program services $23,120 · management and general $22,939 · fundraising $1,651
-
24c · Other expenses: Credit card fees
total $6,681 · program services $6,113 · fundraising $568
-
24d · Other expenses: Marketing & program develop
total $4,648 · program services $4,416 · fundraising $232
-
24e · All other expenses
total $1,892 · program services $1,608 · management and general $189 · fundraising $95
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $294,207 · end of year $334,267
-
3 · Pledges and grants receivable
beginning of year $5,000
-
4 · Accounts receivable
beginning of year $36,299 · end of year $103,742
-
9 · Prepaid expenses and deferred charges
end of year $10,781
-
10a · Land, buildings and equipment: cost or other basis
$4,399
-
10b · Land, buildings and equipment: accumulated depreciation
$4,398
-
10c · Land, buildings and equipment, net
beginning of year $1 · end of year $1
-
17 · Accounts payable and accrued expenses
beginning of year $7,119 · end of year $7,155
-
19 · Deferred revenue
beginning of year $33,925 · end of year $62,125
-
27 · Net assets without donor restrictions
beginning of year $294,463 · end of year $379,511
Mission and programs · 2023
Mission
The mission of National Scholastic Chess Foundation Inc is to bring the benefits of chess education to children by promoting the study of chess as an educational tool in classes and programs for elementary, middle and high school students. Continued on Schedule O
-
Chess classes
Expenses $432,707 · Revenue $603,065
-
Chess tournaments
Expenses $81,996 · Revenue $47,364
-
Summer camps
Expenses $74,702 · Revenue $95,487
As filed on the 2023 return.
Listed in Part VII
-
Sunil Weeramantry
Executive Director
- Total calculated
- $104,280
- From this org
- $104,280
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Robert Johnson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Zlata Gleason
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vivek Nasta
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elisabeth S Harding
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jay Hack
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard Trepp
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth B Korn
Director
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403189349307210
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