Us Chess Trust

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237016117 ✦ Wallkill, NY ✦ Designated as a 501(c)(3)

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Overview

What is Us Chess Trust?

The Us Chess Trust, based in Wallkill, New York, is a dedicated nonprofit organization with a mission to foster and stimulate the interest in the game of chess. Established at 289 Borden Road, they aim to provide opportunities for youth to engage in chess competitions, thereby enhancing their chess skills and passion for the game. Their activities primarily revolve around promoting and encouraging the study and practice of chess, contributing positively to the personal growth and development of the young individuals involved.


Official website here: www.uschesstrust.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

The Us Chess Trust holds a solid Three-Star rating from Charity Navigator, indicating a generally favorable assessment of its operational and financial stability. The organization excels in areas such as having a fully independent board and a strong program expense ratio of nearly 85%. This suggests that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs.

However, some areas of concern are noted, particularly regarding governance practices. The Us Chess Trust lacks certain essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. These omissions can raise questions about transparency and accountability within the organization.

Despite these limitations, the Us Chess Trust demonstrates effective financial practices, such as a low liabilities to assets ratio, which is favorable for its sustainability. Overall, while the charity shows strengths in financial management and governance structure, addressing the missing policies could enhance its credibility and operational integrity.


This AI summary has been generated from information found on Charity Navigator.

Is Us Chess Trust legitimate?

Us Chess Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Us Chess Trust 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

For more financial information, click here


Official website here: www.uschesstrust.org

What is the mission statement of Us Chess Trust?

The Us Chess Trust is committed to fostering an interest in the game of chess. Their mission is to stimulate and encourage the study and play of chess, aiming to provide opportunities for youth to compete and enhance their chess skills and enthusiasm. The organization's activities are geared towards promoting chess, fostering a passion for the game, and encouraging its widespread enjoyment.


Official website here: www.uschesstrust.org

Who is the CEO of Us Chess Trust?

Al Lawrence is the Chair of Us Chess Trust.


Official website here: www.uschesstrust.org

What is the revenue of Us Chess Trust?

Us Chess Trust's revenue in 2023 was $162,123.


Official website here: www.uschesstrust.org

Who are the executives of Us Chess Trust and what are their salaries?


Here are 13 key members and their salaries:


Steve Doyle (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beatriz Marinello (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Leroy Dubeck (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Kerford (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Redman (Vp For Chess In Education)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sunil Weeramantry (Vp For Scholastic)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Samole (President Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart Chagrin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Saba (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rex Sinquefield (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dov Gorman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leo Dubler Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Lawrence (Managing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.uschesstrust.org

Where can I find the form 990 for Us Chess Trust?

Us Chess Trust's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.uschesstrust.org

Learn more at the official website: www.uschesstrust.org

Mission Statement of Us Chess Trust

Us Chess Trust, a nonprofit organization, is dedicated to promoting, stimulating, and encouraging the study and play of the game of chess. Their mission is to provide opportunities for youth to engage in chess competitions and enhance their chess skills and enthusiasm. By doing so, they aim to foster a love for the game and inspire future generations of chess players.

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Impact




October, 2024

The US Chess Trust plays a pivotal role in enhancing the study and enjoyment of chess, particularly among youth. By promoting engagement in the game, it provides numerous opportunities for young players to participate in chess competitions, which fosters their skills and enthusiasm. This commitment not only helps to cultivate a new generation of chess enthusiasts but also contributes to the overall growth of the chess community in Wallkill, NY, and beyond. Through its initiatives, the US Chess Trust encourages strategic thinking, sportsmanship, and a lifelong appreciation for the game of chess.




This information is meant to be a general summary of Us Chess Trust. 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.

Revenue
$162,123 (2023)
Expenses
$281,359 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $39,405
  • Gross Receipts: $162,123

Assets and Liabilities:

  • Total Assets: $1,388,385
  • Total Liabilities: $38,000
  • Net Assets: $1,350,385

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Organization Details

Founding Year

1967

Principal Officer

Al Lawrence

Main Address

289 BORDEN ROAD, WALLKILL, NY, 12589

NTEE Category

Code: N70 - Recreation

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