The Frank Samford Jr Chess
- Assets
- $1.2m
- Revenue
- $52.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 58-6412804
Organization Overview
The Frank Samford Jr Chess is located in Atlanta, GA. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Samford Jr Chess 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, Frank Samford Jr Chess generated $52.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $114.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Samford Trustee | 10 | $50,000 | |
John Donaldson Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $327 |
| Dividends & Interest | $46,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,843 |
| Capital Gain Net Income | $7,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16 |
| Taxes | $316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $159 |
| Total operating and administrative expenses | $54,176 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $114,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,088 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,196,423 |
| Accounts payable and accrued expenses | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, The Frank Samford Jr Chess has awarded $136,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
U S CHESS TRUST PURPOSE: CHESS FELLOWSHIP | $105,000 |
INDIAN SPRINGS SCHOOL PURPOSE: CHESS PROGRAM & ALUMNI FUND | $31,000 |