Overview
What is National Scholastic Chess Foundation Inc?
The National Scholastic Chess Foundation Inc, situated in White Plains, New York, is a nonprofit organization dedicated to enhancing children's education through chess. By promoting chess as an educational tool, they integrate it into both regular classroom lessons and enrichment programs for students from elementary to high school levels. Their activities include hosting chess tournaments and providing chess classes as part of their offerings. The foundation's primary goal is to leverage the intellectually stimulating nature of chess to foster critical thinking, problem-solving skills, and overall cognitive development in young learners.
Official website here: www nscfchess org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The National Scholastic Chess Foundation Inc has achieved a noteworthy Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored 96% overall, with the evaluation entirely focused on its accountability and finance metrics. A high level of transparency is evidenced by the organization having an entirely independent board and appropriate policies in place for conflict of interest and whistleblower protection.
Financially, the foundation demonstrates a solid commitment to its mission, with 80.29% of expenses directed towards programs. The low liabilities to assets ratio of 12.23% suggests a strong financial health, allowing for sustainable operation and growth. Fiscal responsibility is further highlighted by the thorough review and compilation of financial statements.
While the data reflects robust operational practices and effective governance, there are no noted areas of concern or limitations in this review. Overall, the National Scholastic Chess Foundation Inc presents as a well-managed nonprofit dedicated to promoting chess education, supported by strong financial prudence.
This AI summary has been generated from information found on Charity Navigator.
Is National Scholastic Chess Foundation Inc legitimate?
National Scholastic Chess Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Scholastic Chess Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,563
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Official website here: www nscfchess org
What is the mission statement of National Scholastic Chess Foundation Inc?
The National Scholastic Chess Foundation's mission is centered around providing children with the advantages of chess education. They achieve this by advocating for the integration of chess as an educational tool in both curriculum-based classes and enrichment programs across elementary, middle, and high schools. The foundation organizes chess tournaments and offers chess classes as part of its program offerings, aiming to foster the cognitive and social skills that chess can foster in children.
Official website here: www nscfchess org
Who is the CEO of National Scholastic Chess Foundation Inc?
Sunil Weeramantry is the Executive Director of National Scholastic Chess Foundation Inc.
Official website here: www nscfchess org
What is the revenue of National Scholastic Chess Foundation Inc?
National Scholastic Chess Foundation Inc's revenue in 2022 was $544,429.
Official website here: www nscfchess org
Who are the executives of National Scholastic Chess Foundation Inc and what are their salaries?
The average compensation at National Scholastic Chess Foundation Inc during 2022 was $75,854. There are 3 employees at National Scholastic Chess Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www nscfchess org
Where can I find the form 990 for National Scholastic Chess Foundation Inc?
National Scholastic Chess Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www nscfchess org
Learn more at the official website: www nscfchess org
Mission Statement of National Scholastic Chess Foundation Inc
The National Scholastic Chess Foundation's primary mission is centered around bringing the educational advantages of chess to children. This esteemed organization advocates for the integration of chess as a teaching tool in both curricular classes and enrichment programs, catering to students from elementary school through high school. By promoting chess in this capacity, the foundation aims to leverage the strategic game as a means of fostering cognitive development, problem-solving skills, and critical thinking in young learners. To accomplish this objective, the National Scholastic Chess Foundation organizes chess tournaments and provides instructional classes as part of its comprehensive program offerings.
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Impact
July, 2024
The National Scholastic Chess Foundation Inc's impact lies in its mission to bring the benefits of a chess education to children. By promoting chess as an educational tool in curricular classes and enrichment programs for elementary, middle, and high schools, the foundation helps students develop critical thinking skills, strategic planning abilities, and sportsmanship. Through chess tournaments and classes, NSCF enables youth to engage in a mentally stimulating activity that fosters academic growth and personal development.
This information is meant to be a general summary of National Scholastic Chess Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $445,864
- Gross Receipts: $569,237
Assets and Liabilities:
- Total Assets: $191,844
- Total Liabilities: $26,926
- Net Assets: $164,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Chess classes
Revenue
$357,594
Chess tournaments
Revenue
$31,217
Summer camps
Revenue
$57,053
Organization Details
Founding Year
1990
Principal Officer
Sunil Weeramantry
Main Address
333 Mamaroneck Ave STE 480, White Plains, NY, 10605
Website
www nscfchess orgNTEE Category
Code: O99Z - Youth development
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