World Chess Museum Inc, operating under the name World Chess Hall Of Fame, is located in St Louis, MO. The organization was established in 2007. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, World Chess Hall Of Fame employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Chess Hall Of Fame 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 12/2021, World Chess Hall Of Fame generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE OUR VISITORS BY EXHIBITING AND INTERPRETING THE GAME OF CHESS AND ITS SIGNIFICANCE.
Describe the Organization's Program Activity:
SEE SCHEDULE O.THE WORLD CHESS HALL OF FAME (WCHOF) CREATES ENGAGING EXHIBITIONS CELEBRATING THE GAME OF CHESS, ITS HISTORY, AND ITS IMPACT ON ART AND CULTURE. THROUGH THESE EXHIBITIONS AND INNOVATIVE EDUCATIONAL PROGRAMMING, THE WCHOF HOPES TO POPULARIZE CHESS AMONG A NEW AND DIVERSE AUDIENCE. THE WCHOF ALSO SEEKS TO SERVE AS A REPOSITORY FOR ARTIFACTS RELATED TO THE RICH HISTORY OF THE GAME OF CHESS.1972 FISCHER/SPASSKY: THE MATCH, ITS ORIGIN, AND INFLUENCE - 8/18/2022 - 4/30/2023 1972 FISCHER/SPASSKY: THE MATCH, ITS ORIGIN, AND INFLUENCE CELEBRATES THE 50TH ANNIVERSARY OF THE AMERICAN ROBERT "BOBBY" FISCHER'S HISTORIC WIN OVER THE RUSSIAN BORIS SPASSKY IN THE LEGENDARY 1972 WORLD CHESS CHAMPIONSHIP, ENDING 24 YEARS OF SOVIET DOMINANCE IN THE SPORT. THE SHOW FEATURES MORE THAN 500 ARTIFACTS, INCLUDING CHESS PIECES USED IN PIVOTAL GAME THREE OF THE "MATCH OF THE CENTURY," A REPLICA OF THE TOURNAMENT TABLE CREATED BY THE MAKERS OF THE ORIGINAL AND NEVER-BEFORE-EXHIBITED BOOKS FROM THE PERSONAL LIBRARY OF BOBBY FISCHER. THE EXHIBITION ALSO HIGHLIGHTS PIECES FROM THE WORLD CHESS HALL OF FAME COLLECTION, LOANS FROM THE FISCHER LIBRARY OF U.S. CHESS HALL OF FAME INDUCTEES DR. JEANNE CAIRNS SINQUEFIELD & REX SINQUEFIELD AND FROM PHOTOJOURNALIST AND FISCHER CONFIDANT HARRY BENSON CBE AND RECENTLY-DONATED ARTWORK BY THE LEROY NEIMAN & JANET BYRNE NEIMAN FOUNDATION. MIND, ART, EXPERIENCE: 10 YEARS OF CHESS & CULTURE IN SAINT LOUIS - 1/27/2022 - 7/17/2023MIND, ART, EXPERIENCE: 10 YEARS OF CHESS & CULTURE IN SAINT LOUIS CELEBRATES THE BEST CHESS, ART AND CULTURE FROM ALL 50 EXHIBITIONS HELD AT THE WORLD CHESS HALL OF FAME SINCE ITS 2011 RELOCATION TO SAINT LOUIS, MISSOURI. THE THREE-FLOOR SHOW FEATURES MORE THAN 120 ARTWORKS AND ARTIFACTS, INCLUDING PIECES RELATED TO LEGENDARY WORLD CHAMPIONS BOBBY FISCHER, GARRY KASPAROV, AND BORIS SPASSKY; WORKS BY RENOWNED PHOTOJOURNALIST HARRY BENSON CBE AND INTERNATIONALLY-ACCLAIMED ARTISTS M.C. ESCHER, TOM FRIEDMAN, BARBARA KRUGER AND YOKO ONO; CHESS-INSPIRED PIECES BY SAINT LOUIS-BASED CREATIVES MICHAEL DRUMMOND, PETER MANION AND AUDRA DANIELLE NOYES; AND LOANS FROM NOTABLE COLLECTORS AND INSTITUTIONS, INCLUDING JON CRUMILLER, DR. GEORGE AND VIVIAN DEAN, THE MILDRED LANE KEMPER ART MUSEUM, LUHRING AUGUSTINE GALLERY AND DAVID ZWIRNER GALLERY.FEATURED CHESS SETS - 1/1/22-12/31/2022THE WORLD CHESS HALL OF FAME SHOWCASES A VARIETY OF CHESS SETS THROUGHOUT THE YEAR. THESE INCLUDE HIGHLIGHTS FROM OUR OWN COLLECTION AS WELL AS CHESS SETS OWNED BY FRIENDS AND CHESS LOVERS WHO HAVE SPECIAL STORIES TO ACCOMPANY THEIR SETS.
SEE SCHEDULE O.CULTURAL EDUCATION OUTREACH: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 OVER FIFTY PROGRAMMING EVENTS WITH VISITING ARTISTS, COMPOSERS, MUSICIANS, SCHOLARS, CURATORS, AND CHESS PROFESSIONALS.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Walker Chairman | OfficerTrustee | 2 | $0 |
Paul Ha Secretary | OfficerTrustee | 0.3 | $0 |
Shelia Manion Treasurer | OfficerTrustee | 0.3 | $0 |
John Beckstead Director | Trustee | 0.3 | $0 |
Mark Rawlins Director | Trustee | 0.3 | $0 |
Jennifer Shahade Director | Trustee | 0.3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Us Art Company Inc Exhibits - Shipping, Transport, & Storag | 12/30/22 | $120,548 |
Chi-chi Llc Management | 12/30/22 | $220,000 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $3,215,478 |
Investment income | $110 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,060 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$14,826 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $87,748 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,330,943 |
Statement of Expenses | |
---|---|
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. | $125,772 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $863,498 |
Pension plan accruals and contributions | $14,025 |
Other employee benefits | $124,087 |
Payroll taxes | $64,085 |
Fees for services: Management | $130,000 |
Fees for services: Legal | $20,118 |
Fees for services: Accounting | $22,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $33,667 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $246,662 |
Advertising and promotion | $98,296 |
Office expenses | $130,982 |
Information technology | $33,141 |
Royalties | $0 |
Occupancy | $406,037 |
Travel | $13,234 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $85,479 |
Insurance | $32,302 |
All other expenses | $0 |
Total functional expenses | $2,760,902 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $400,883 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $157,470 |
Accounts receivable, net | $3,632 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $201,195 |
Prepaid expenses and deferred charges | $58,793 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $47,823 |
Other assets | $1,004,431 |
Total assets | $2,017,663 |
Accounts payable and accrued expenses | $118,059 |
Grants payable | $146,901 |
Deferred revenue | $5,633 |
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 | $270,593 |
Net assets without donor restrictions | $1,582,850 |
Net assets with donor restrictions | $164,220 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $1,747,070 |