Southwest Mississippi Chess Foundation
- Assets
- $1.9m
- Revenue
- $369.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3324389
Organization Overview
Southwest Mississippi Chess Foundation is located in Jackson, MS. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Mississippi Chess Foundation 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, Southwest Mississippi Chess Foundation generated $369.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $357.5k during the year ending 12/2021. While expenses have increased by 16.2% 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
PROVIDE CHESS INSTRUCTION TO STUDENTS ATTENDING ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN MISSISSIPPI
SPONSOR CHESS TOURNAMENTS, MOCK TOURNAMENTS, AND CHESS CAMPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Bulington Project Director | 0 | $118,679 | |
Wade H Creekmore Jr Director/president | 0 | $0 | |
Betsy S Creekmore Director/vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $369,845 |
| 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 | $0 |
| Total Revenue | $369,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $118,679 |
| Other employee salaries and wages | $59,816 |
| Pension plans, employee benefits | $26,750 |
| Interest | $0 |
| Taxes | $5,655 |
| Depreciation | $59,198 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,829 |
| Printing and publications | $0 |
| Other expenses | $46,251 |
| Total operating and administrative expenses | $357,455 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $357,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,291 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,000 |
| 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 | $6,446 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,820,217 |
| Other assets | $0 |
| Total assets | $1,917,954 |
| Accounts payable and accrued expenses | $5,471 |
| 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 | $5,471 |
Peer Organizations
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|---|---|---|
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Camp War Eagle Inc Rogers, AR | $15,866,509 | $9,318,920 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Youth Bridge Properties Inc Fayetteville, AR | $0 | $256,554 |
Center For The Innovative Training Of Youth Inc New Orleans, LA | $3,350,447 | $5,249,968 |
People-Providing Equal Opportunities Promoting Learning Little Rock, AR | $39,869,871 | $7,557,371 |
Communities In Schools Of The Gulf South Inc New Orleans, LA | $402,256 | $3,055,538 |
Pride And Hope Ministry & Activity Center Angie, LA | $325,684 | $2,882,214 |
National Association Of School Resource Officers Inc Hoover, AL | $2,764,517 | $2,530,653 |
Build Up Birmingham, AL | $2,263,635 | $3,069,416 |