Chessmates Inc
- Assets
- $373.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Brooklyn, NY
- Founding
- 03/2011
- Data as of
- 12/2023
- EIN
- 26-3223464
Organization Overview
Chessmates Inc is located in Brooklyn, NY. The organization was established in 2011. 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. Chessmates 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 12/2023, Chessmates Inc generated $145.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $101.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROMOTE THE GAME OF CHESS WITH COMMUNITY YOUTH, TO PROMOTE FELLOWSHIPAND EXTEND ACQUAINTANCESHIP BY MEANS OF SOCIAL GATHERING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gennady Sagalchik President | 30 | $24,554 | |
Richard Gertler VP | 10 | $0 | |
Marc Berger Treasury | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,575 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $145,575 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,554 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $13,605 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,953 |
| Total expenses | $101,112 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $365,971 |
| Other assets | $0 |
| Total assets | $373,297 |
| Total liabilities | $5,363 |
| Net assets or fund balances | $367,934 |