Grand Chess Tour
- Assets
- $65.1k
- Revenue
- $730.0k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 81-0733339
Organization Overview
Grand Chess Tour is located in St Louis, MO. The organization was established in 2016. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Chess Tour 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, Grand Chess Tour generated $730.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.1m 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
THE GRAND CHESS TOUR'S (GCT) MISSION IS TO PROMOTE THE EDUCATIONAL BENEFITS OF CHESS AND POPULARIZE THE GAME OF CHESS AROUND THE WORLD. GCT ORGANIZES A SERIES OF INTERNATIONAL CHESS TOURNAMENTS THROUGHOUT THE YEAR AND ACROSS THE GLOBE TO PROMOTE THE EDUCATIONAL VALUE OF THE GAME OF CHESS. PLAYERS ARE SELECTED AS FULL GCT PARTICIPANTS BASED ON THE TOP FINISHERS IN THE PRIOR YEAR, BY AVERAGE PRIOR YEAR RATING, AND BY THE GCT ADVISORY BOARD AS TOUR WILD-CARDS. TOUR PARTICIPANTS PLAYED BOTH CLASSIC EVENTS AND RAPID AND BLITZ CHESS EVENTS. THE 2022 GRAND CHESS TOUR FEATURED TWO CLASSICAL AND THREE RAPID & BLITZ EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Sinquefield President | 1 | $0 | |
Garry Kasparov Secretary | 6 | $0 | |
Michael Matheny Treasurer | 0.25 | $0 | |
Michael Khodarkovsky Executive Director | 10 | $80,000 | |
Joy Bray Asst. Treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bryan Cave Leighton Paisner Llp | 12/30/22 | $528,038 |
Wesley So | 12/30/22 | $150,167 |
Sarl Mvl Chess | 12/30/22 | $130,442 |
Gm Levon Aronian | 12/30/22 | $88,400 |
Alireza Firouzia Chess Consulting | 12/30/22 | $127,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $635,000 |
| 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 | $95,000 |
| Total Revenue | $730,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,802 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $69,993 |
| Printing and publications | $0 |
| Other expenses | $202,971 |
| Total operating and administrative expenses | $1,072,366 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,072,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,639 |
| 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 | $6,469 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,000 |
| Total assets | $65,108 |
| Accounts payable and accrued expenses | $271,557 |
| 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 | $271,557 |