Overview
What is Chessmates Inc?
Chessmates Inc is a nonprofit organization that specializes in chess education, located within the community. Their primary mission is to popularize the art of chess amongst the youth, fostering camaraderie and expanding social connections through organized events and gatherings. As a chess school, Chessmates Inc offers various programs and initiatives that encourage young individuals to engage with the game, ultimately strengthening their skills and fostering a sense of community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Chessmates Inc has achieved a commendable Four-Star rating from Charity Navigator, indicative of its strong performance in accountability and finance. The organization excels in several areas, including having a fully independent board and no material diversion of assets, which demonstrates a high level of transparency and effective governance.
With a program expense ratio of 99.58%, Chessmates Inc allocates nearly all of its resources directly to its programs, highlighting its commitment to maximizing impact. Additionally, the presence of comprehensive policies for conflict of interest, whistleblowing, and document retention further reinforces the organization's dedication to ethical practices.
While the charity has shown exemplary financial management and governance, it is important for potential donors and supporters to consider how these strengths translate into program effectiveness. Overall, Chessmates Inc stands out as a trustworthy and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Chessmates Inc legitimate?
Chessmates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chessmates 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: $20,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Chessmates Inc?
Chessmates Inc, functioning as a chess school, is committed to spreading the love for chess among the youth within the community. By organizing social gatherings, they aim to foster camaraderie and expand social circles, all while promoting the timeless game of chess.
Who is the CEO of Chessmates Inc?
Gennady Sagalchik is the President of Chessmates Inc.
What is the revenue of Chessmates Inc?
Chessmates Inc's revenue in 2022 was $136,407.
Who are the executives of Chessmates Inc and what are their salaries?
The average compensation at Chessmates Inc during 2022 was $20,677. There is 1 employee and 2 volunteers at Chessmates Inc.
Here are 3 key members and their salaries:
- Compensation: $20,677
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chessmates Inc?
Chessmates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chessmates Inc
Chessmates Inc, as a chess school, is committed to spreading the joy of the game among the youth in the community. Their mission is twofold: promoting chess and fostering social connections. Through their activities, they aim to engage young individuals in the game while also providing opportunities for them to build relationships and make new acquaintances through social gatherings.
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Impact
October, 2024
Chessmates Inc significantly impacts the community by promoting the game of chess among youth in Brooklyn, NY. By offering a dedicated chess school, it provides young people with the opportunity to learn and develop their skills in this strategic game, which fosters critical thinking, problem-solving, and patience.
Additionally, Chessmates Inc emphasizes the importance of social interaction through chess, creating a space for fellowship and personal connections among participants. These social gatherings not only enhance the learning experience but also help build lasting friendships and a sense of belonging within the community. Through its activities, Chessmates Inc contributes to the personal growth and social development of the youth it serves, while simultaneously enriching the local culture.
This information is meant to be a general summary of Chessmates 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.
- Gross Receipts: $136,407
Assets and Liabilities:
- Total Assets: $323,471
- Total Liabilities: $0
- Net Assets: $323,471
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Organization Details
Founding Year
2008
Phone
(718) 232-7732Principal Officer
Gennady Sagalchik
Main Address
1430 72 STREET, BROOKLYN, NY, 11228
NTEE Category
Code: N70 - Recreation
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