Overview
What is International Chess School Inc?
International Chess School Inc, situated in Montville, New Jersey, is a nonprofit organization devoted to fostering chess among youth. They achieve this by organizing and advocating for chess programs in various educational institutions, community centers, camps, and other relevant settings. Their primary mission is to promote chess among the younger generation, enhancing cognitive abilities and fostering a love for the game. The organization operates in the vicinity of 80 Jesse Court, providing chess programs that cater to a wide range of settings, ultimately enriching the lives of numerous young individuals.
Official website here: www.internationalchessschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
International Chess School Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health, with a score of 84%. The organization excels in several key areas such as having a fully independent board, efficient financial oversight, and a high program expense ratio of 90.74%, suggesting that the majority of its funds are directed towards its mission rather than administrative costs.
However, there are some notable areas for improvement. The organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical aspects of governance and transparency. Additionally, the absence of its tax form on the nonprofit's website raises concerns about accessibility and compliance with transparency standards.
Overall, while International Chess School Inc demonstrates strong financial practices and governance through independent oversight, addressing the gaps in its policy framework would enhance its accountability and foster greater trust among stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is International Chess School Inc legitimate?
International Chess School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Chess School 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: $0
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Official website here: www.internationalchessschool.org
What is the mission statement of International Chess School Inc?
The International Chess School Inc is committed to organizing and promoting chess for youth. They achieve this by offering chess programs in various settings such as schools, community centers, camps, and other relevant venues. The primary objective of the school is to engage young individuals in the game of chess, fostering skills like strategy, critical thinking, and teamwork. By providing these chess programs, the International Chess School Inc aims to inspire a love for the game and its benefits among the youth.
Official website here: www.internationalchessschool.org
Who is the CEO of International Chess School Inc?
M Khodarkovsky is the Principal Officer of International Chess School Inc.
Official website here: www.internationalchessschool.org
What is the revenue of International Chess School Inc?
International Chess School Inc's revenue in 2022 was $688,791.
Official website here: www.internationalchessschool.org
Who are the executives of International Chess School Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Official website here: www.internationalchessschool.org
Where can I find the form 990 for International Chess School Inc?
International Chess School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.internationalchessschool.org
Learn more at the official website: www.internationalchessschool.org
Mission Statement of International Chess School Inc
International Chess School Inc is committed to organizing and promoting chess among youth. They achieve this by offering chess programs in various educational settings such as schools, community centers, and summer camps. The primary objective of this nonprofit organization is to make chess accessible to young individuals, fostering a love for the game and its associated benefits. By providing these chess programs, International Chess School Inc aims to contribute positively to the cognitive development, discipline, and social skills of the youth it serves.
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Impact
July, 2024
International Chess School Inc has a significant impact on the youth by organizing and promoting chess in various schools, community centers, camps, and other settings. Through their programs, they are able to introduce and develop children's interest and skills in chess, promoting critical thinking, strategic planning, and problem-solving abilities. By offering chess programs in a variety of environments, they are able to reach and positively influence a large number of young individuals, shaping their cognitive abilities and fostering a love for the game.
This information is meant to be a general summary of International Chess School 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.
- Investment Income: $234,607
- Program Service Revenue: $5,840
- Gross Receipts: $885,152
Assets and Liabilities:
- Total Assets: $3,086,495
- Total Liabilities: $7,250
- Net Assets: $3,079,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL PROGRAM FEES
Revenue
$5,840
Organization Details
Founding Year
1995
Phone
(973) 299-0932Principal Officer
M Khodarkovsky
Main Address
80 JESSE COURT, MONTVILLE, NJ, 07045
NTEE Category
Code: N50 - Recreation
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