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.
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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:
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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.
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
Phone
(914) 805-1115Principal Officer
Al Lawrence
Main Address
289 BORDEN ROAD, WALLKILL, NY, 12589
Website
www.uschesstrust.orgNTEE Category
Code: N70 - Recreation
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