Grand Chess Tour
- Assets
- $206.2k
- Revenue
- $798.6k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 03/2016
- Data as of
- 12/2021
- 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 12/2021, Grand Chess Tour generated $798.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $726.5k during the year ending 12/2021. While expenses have increased by 25.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 2021 GRAND CHESS TOUR FEATURED TWO CLASSICAL AND THREE RAPID & BLITZ EVENTS, PICKING UP AFTER THE CANCELLATION OF THE 2020 SEASON DUE TO THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Khodarkovsky Executive Director | 10 | $70,000 | |
Rex Sinquefield President | 1 | $0 | |
Garry Kasparov Secretary | 6 | $0 | |
Michael Matheny Treasurer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bryan Cave Leighton Paisner Llp | 12/30/21 | $300,183 |
Wesley So | 12/30/21 | $182,500 |
Shak Mamedyarov | 12/30/21 | $125,000 |
Maxime Vachier-lagrave | 12/30/21 | $116,250 |
Levon Aronian | 12/30/21 | $56,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $710,602 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,007 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,000 |
| Total Revenue | $798,595 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,566 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $41,114 |
| Printing and publications | $0 |
| Other expenses | $209,733 |
| Total operating and administrative expenses | $726,531 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $726,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,465 |
| 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 | $1,736 |
| 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 | $206,201 |
| Accounts payable and accrued expenses | $70,284 |
| 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 | $70,284 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Chess Tour has recieved totaling $575,000.
| Awarding Organization | Amount |
|---|---|
Chess Club And Scholastic Center Of Saint Louis St Louis, MO PURPOSE: CHESS OPERATIONS DURING COVID-19 | $575,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Arena Authority Inc Louisville, KY | $379,313,505 | $18,535,078 |
Midway Usa Foundation Inc Columbia, MO | $194,100,293 | $37,103,631 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Amateur Trapshooting Association Of America Sparta, IL | $23,868,836 | $5,940,549 |
Missouri Valley Conference Inc St Louis, MO | $10,444,732 | $10,359,535 |
Iowa Girls High School Athletic Union West Des Moines, IA | $5,061,518 | $4,564,466 |
Mid-America Intercollegiate Athletics Association Kansas City, MO | $897,244 | $2,652,440 |
The United States Pony Clubs Inc Lexington, KY | $8,497,562 | $2,773,212 |
Louisville Urban League Sports And Learning Complex Inc Louisville, KY | $77,056,765 | $1,676,545 |
Chicago Jets Hockey Club Inc Chicago, IL | $335,603 | $2,097,431 |
Iowa Harness Racing Association Eagle Grove, IA | $797,423 | $1,325,981 |
Ca2016 Local Organizing Committee Llc Chicago, IL | $0 | $1,905 |