The Gift Of Chess Inc

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

EIN: 863477107 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is The Gift Of Chess Inc?

The Gift of Chess Inc is a nonprofit organization, primarily supported by the local Chess community. In June 2021, they successfully raised funds to purchase 10,000 chess sets. These sets were then distributed to public schools in Manhattan and Brooklyn. The organization's philanthropic efforts involve utilizing contributions from their community to provide educational resources, specifically chess sets, for young learners.


Official website here: www.thegiftofchess.org

Is The Gift Of Chess Inc legitimate?

The Gift Of Chess Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gift Of Chess Inc submitted a form 990EZ, 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.thegiftofchess.org

What is the mission statement of The Gift Of Chess Inc?

The Gift of Chess Inc, through the support of its local chess community, has a mission to promote the game of chess within public schools in Manhattan and Brooklyn. In June 2021, they successfully procured 10,000 chess sets using funds raised from their members. These sets were then distributed to these schools, actively encouraging the learning and enjoyment of chess among students. Furthermore, the organization also acquires chess sets through donations and contributions from the local chess community.


Official website here: www.thegiftofchess.org

What is the revenue of The Gift Of Chess Inc?

The Gift Of Chess Inc's revenue in 2023 was $307,182.


Official website here: www.thegiftofchess.org

Who are the executives of The Gift Of Chess Inc and what are their salaries?

Here are 6 key members and their salaries:


Rochelle Ballantyne (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Shuman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Rodriguez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Makofsky (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian West (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyrone Davis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thegiftofchess.org

Where can I find the form 990 for The Gift Of Chess Inc?

The Gift Of Chess Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.thegiftofchess.org

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

Mission Statement of The Gift Of Chess Inc

The Gift of Chess Inc, a community-driven organization, raised funds from local chess enthusiasts in June 2021. Utilizing these funds, they procured 10,000 chess sets. These sets were then distributed to public schools in Manhattan and Brooklyn, aiming to promote the game of chess amongst young students in these areas. Additionally, the organization acquired chess sets through donations and funds raised by the local chess community. This initiative by The Gift of Chess Inc is a testament to their dedication to fostering the love for chess and providing educational resources to students.

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Impact




October, 2024

The Gift Of Chess Inc has made a significant impact by enriching the educational landscape in Manhattan and Brooklyn. Through the purchase and distribution of 10,000 chess sets, the organization has provided invaluable resources to public schools, fostering an environment where strategic thinking, problem-solving, and patience can thrive.

Having raised funds from the local chess community, The Gift Of Chess Inc not only promotes the game of chess but also enhances cognitive skills among students. The presence of chess in these schools encourages collaboration and critical thinking, helping to develop a generation of analytical minds. This initiative not only supplies physical resources but also inspires a love for the game, potentially leading to increased participation in chess-related activities and fostering a sense of community around this classic educational tool.




This information is meant to be a general summary of The Gift Of Chess 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.

Revenue
$307,182 (2023)
Expenses
$272,803 (2023)
Efficiency

Other financial information:

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

  • Gross Receipts: $307,182

Assets and Liabilities:

  • Total Assets: $14,197
  • Total Liabilities: $0
  • Net Assets: $14,197

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Organization Details

Principal Officer

Russell Makofsky

NTEE Category

Code: B90 - Education

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