Foundation For Tennessee Chess
- Assets
- $680.8k
- Revenue
- $267.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Nashville, TN
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 62-1625902
Organization Overview
Foundation For Tennessee Chess is located in Nashville, TN. The organization was established in 2019. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Foundation For Tennessee Chess employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Tennessee Chess 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, Foundation For Tennessee Chess generated $267.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $210.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHESS INSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHESS INSTRUCTION AND MATERIALS TO STUDENTS AND TEACHERS AT ALL INTERESTED SCHOOLS IN NASHVILLE AND SURROUNDING AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Neglia Treasurer | Officer | 0 | $0 |
Sherri Gough President | Officer | 0 | $0 |
Destin Tompkins Board Member | Trustee | 0 | $0 |
Mark Rawls Board Member | Trustee | 0 | $0 |
Laura Hirt Board Member | Trustee | 0 | $0 |
David Golann Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,285 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,117 |
| Total Program Service Revenue | $106,215 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,200 |
| 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 | $267,703 |
| 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 | $97,000 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $3,921 |
| Payroll taxes | $7,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,126 |
| Advertising and promotion | $0 |
| Office expenses | $8,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $10,813 |
| Insurance | $4,130 |
| All other expenses | $39,223 |
| Total functional expenses | $210,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $361,811 |
| Investments—publicly traded securities | $230,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,802 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $516,885 |
| Net assets with donor restrictions | $163,917 |
| 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 | $680,802 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Tennessee Chess has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Life360 Community Services Springfield, MO | $10,006,049 | $26,351,423 |
Neighborhood Youth Leadership Inc Vass, NC | $7,695,228 | $7,596,341 |
Optimist International Saint Louis, MO | $4,353,135 | $4,531,047 |
Great Falls-Reston Soccer Club Great Falls, VA | $1,898,429 | $2,810,731 |
Fayetteville Youth Center Inc Fayetteville, AR | $12,297,154 | $2,561,088 |
Boys And Girls Clubs Of The Columbia Area Columbia, MO | $4,174,183 | $2,636,782 |
Southwestern Youth Association Inc Centreville, VA | $3,423,364 | $1,936,325 |
Coalition For Kids Inc Johnson City, TN | $1,061,508 | $1,620,502 |
Boys & Girls Club Of Jefferson City Jefferson City, MO | $4,470,698 | $2,010,327 |
Boys And Girls Club Of Transylvania County Inc Brevard, NC | $5,160,904 | $1,796,583 |
Lionheart Incorporated Fredericksburg, VA | $461,193 | $1,334,314 |
In The City Camp Inc Atlanta, GA | $210,512 | $1,428,732 |