Renaissance Knights Foundation
- Assets
- $140.0k
- Revenue
- $477.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Wauconda, IL
- Founding
- 09/2005
- Data as of
- 06/2024
- EIN
- 20-2728157
Organization Overview
Renaissance Knights Foundation is located in Wauconda, IL. The organization was established in 2005. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Renaissance Knights Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Knights 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 06/2024, Renaissance Knights Foundation generated $477.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $506.2k during the year ending 06/2024. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE INTELLECTUAL AND SOCIAL DEVELOPMENT OF DISADVANTAGED YOUTH IN DIVERSE COMMUNITIES THROUGHOUT THE CITY OF CHICAGO THROUGH VIBRANT CHESS EDUCATION PROGRAMS, TOURNAMENTS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURNAMENTS/EVENTS & SCHOOL/COMMUNITY: ORGANIZE AND RUN LOCAL, REGIONAL, NATIONAL, & INTERNATIONAL TOURNAMENTS/EVENTS, INCLUDING THE GREATER CHICAGO K-12 CHAMPIONSHIP, NATIONAL ALL-GIRLS CHAMPIONSHIP, AND INTERNATIONAL PAN-AMERICAN YOUTH CHAMPIONSHIP.
ACADEMIC CHESS PROGRAM: PROVIDE OPERATIONAL SUPPORT TO THE CHICAGO PUBLIC SCHOOLS CHESS PROGRAMS THAT GIVES OVER 2,000 K-12 STUDENTS THE OPPORTUNITY TO PARTICIPATE IN VIBRANT CHESS PROGRAMS AND TOURNAMENTS THROUGHOUT THE YEAR.
COPS & KIDS PROGRAM: A CHESS INITIATIVE THAT IMPACTS THE LIVES OF OVER 300 CHILDREN IN CHICAGO BY UTILIZING THE GAME OF CHESS AS A VEHICLE FOR ENGAGEMENT TO PROMOTE NON-VIOLENCE AND INCREASE POSITIVE RELATIONSHIPS WITH YOUTH & POLICE OFFICERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Heiser President | OfficerTrustee | 35 | $72,500 |
Sheila Heiser Vice President | OfficerTrustee | 15 | $42,500 |
David E Heiser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,363 |
| Total Program Service Revenue | $445,772 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,664 |
| Office expenses | $12,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,992 |
| Insurance | $1,223 |
| All other expenses | $0 |
| Total functional expenses | $506,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,175 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,015 |
| Accounts payable and accrued expenses | $5,543 |
| 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 | $5,543 |
| Net assets without donor restrictions | $134,472 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $140,015 |
Grants Awarded
Over the last fiscal year, Renaissance Knights Foundation has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KASPAROV CHESS FOUNDATION PURPOSE: UNRESTRICTED | $6,000 |
INTERNATIONAL CHESS SCHOOL PURPOSE: UNRESTRICTED | $8,000 |