International Chess School Inc
- Assets
- $3.1m
- Revenue
- $486.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Montville, NJ
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 22-3373406
Organization Overview
International Chess School Inc is located in Montville, NJ. The organization was established in 1995. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. International Chess School Inc 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, International Chess School Inc generated $486.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $230.6k 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
TO ORGANIZE AND PROMOTE CHESS FOR YOUTH BY PROVIDING PROGRAMS IN THE SCHOOLS, COMMUNITY CENTERS, CAMPS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHESS PROGRAMS PROVIDED TO YOUTH IN VARIOUS SCHOOLS, COMMUNITY CENTERS, CAMPS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelli Kalihovsky Secretary | OfficerTrustee | 2 | $0 |
Felix Rosenwasser Treasurer | OfficerTrustee | 2 | $0 |
Edward Dreyzin President | OfficerTrustee | 2 | $0 |
Michael Khodarkovsky Executive Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,000 |
| Total Program Service Revenue | $1,440 |
| Investment income | $76,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,727 |
| 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 | $110,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,114 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,021 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $88,800 |
| Total functional expenses | $230,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,617 |
| Savings and temporary cash investments | $418,864 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,599,865 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,131,346 |
| Accounts payable and accrued expenses | $6,700 |
| 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 | $6,700 |
| Net assets without donor restrictions | $1,926,142 |
| Net assets with donor restrictions | $1,198,504 |
| 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 | $3,131,346 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that International Chess School Inc has recieved totaling $408,000.
| Awarding Organization | Amount |
|---|---|
Chess Club And Scholastic Center Of Saint Louis St Louis, MO PURPOSE: CHESS PROGRAMMING | $400,000 |
Renaissance Knights Foundation Wauconda, IL PURPOSE: UNRESTRICTED | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westchester Country Club Inc Rye, NY | $77,553,664 | $42,480,746 |
Yale Club Of New York City New York, NY | $50,588,779 | $20,944,634 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |