Southwest Mississippi Chess Foundation
- Assets
- $1.8m
- Revenue
- $329.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Meadville, MS
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-3324389
Organization Overview
Southwest Mississippi Chess Foundation is located in Meadville, MS. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Mississippi Chess 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 12/2022, Southwest Mississippi Chess Foundation generated $329.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $415.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CHESS INSTRUCTION TO STUDENTS ATTENDING ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN MISSISSIPPI
SPONSOR CHESS TOURNAMENTS, MOCK TOURNAMENTS, AND CHESS CAMPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade H Creekmore Jr Director/president | 0 | $0 | |
Betsy S Creekmore Director/vice-President | 0 | $0 | |
Jeff Bulington Project Director | 0 | $131,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $329,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $329,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,080 |
| Other employee salaries and wages | $44,968 |
| Pension plans, employee benefits | $27,159 |
| Interest | $0 |
| Taxes | $6,102 |
| Depreciation | $57,074 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $65,404 |
| Printing and publications | $0 |
| Other expenses | $68,812 |
| Total operating and administrative expenses | $415,395 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $415,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,809 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,864 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,763,143 |
| Other assets | $0 |
| Total assets | $1,839,816 |
| Accounts payable and accrued expenses | $13,528 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,528 |