Nonprofit · EIN 47-0870553
KASPAROV CHESS FOUNDATION INC
Tax-exempt · MONTVILLE, NJ 07045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,337,296 | $1,237,115 | $2,100,181 | $12,556,416 | $9,000 | $12,547,416 |
| December 31, 2023 | 990 | $1,650,983 | $1,132,451 | $518,532 | $9,976,301 | $103,250 | $9,873,051 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,738,321
- Program service revenue
- $0
- Investment income
- $1,598,975
- Net gain from sales of assets
- $1,163,409
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $393,000
- Compensation of officers, directors and key employees
- $250,000
- Salaries, compensation and benefits (total)
- $264,628
- Professional fundraising fees
- $0
- Accounting fees
- $9,000
- Program services (functional)
- $1,030,831
- Management and general (functional)
- $179,821
- Fundraising (functional)
- $26,463
Balance sheet and other
- Total assets, start of year
- $9,976,301
- Total assets, end of year
- $12,556,416
- Total liabilities, end of year
- $9,000
- Net assets, end of year
- $12,547,416
- Net assets without donor restrictions
- $12,194,306
- Net assets with donor restrictions
- $353,110
- Gross receipts
- $3,337,296
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KHODARKOVSKY | EXECUTIVE DIRECTOR Officer | 40 | $250,000 |
| GARRY KASPAROV | CHAIRMAN & PRESIDENT Officer | 2 | $0 |
| STANLEY DRUCKENMILLER | TRUSTEE Trustee or director | 2 | $0 |
| J CHRISTOPHER FLOWERS | TRUSTEE Trustee or director | 2 | $0 |
| FRANCISCO ALFARO | TRUSTEE Trustee or director | 2 | $0 |
| HUGH VERRIER | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KHODARKOVSKY | EXECUTIVE DIRECTOR Officer | 40 | $230,000 |
| GARRY KASPAROV | CHAIRMAN & PRESIDENT Officer | 2 | $0 |
| STANLEY DRUCKENMILLER | TRUSTEE Trustee or director | 2 | $0 |
| J CHRISTOPHER FLOWERS | TRUSTEE Trustee or director | 2 | $0 |
| FRANCISCO ALFARO | TRUSTEE Trustee or director | 2 | $0 |
| HUGH VERRIER | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 80 JESSE CT, MONTVILLE, NJ 07045-9007
- Principal officer (990 for 2024)
- M KHODARKOVSKY, 80 JESSE COURT, MONTVILLE, NJ 07045
- Signed the 990
- MICHAEL KHODARKOVSKY, EXECUTIVE DIRECTOR
- Phone
- (201) 317-8581
- Return prepared by
- RUOTOLO SPEWAK & CO
Mission
PROMOTION OF THE SPORT OF CHESS
Program accomplishments
- TO PROMOTE THE SPORT OF CHESS BY PROVIDING CHESS PROGRAMS TO YOUTHS; AND TO FURTHER THE EDUCATION OF THE SPORT OF CHESS BY PROVIDING GENERAL INSTRUCTION AND TRAINING. THE ORGANIZATION ALSO PROVIDES SPONSORSHIP OF US NATIONAL CHESS TEAMS.Expenses $1,030,831 · grants $393,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0870553
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $12,556,416
- Income (IRS master file)
- $3,337,296
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,337,296 | $1,237,115 | $12,556,416 | XML |
| 990 | December 2023 | $1,650,983 | $1,132,451 | $9,976,301 | XML |
| 990 | December 2022 | $2,652,284 | $1,009,993 | $8,961,752 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0870553).
Questions about KASPAROV CHESS FOUNDATION INC
- What is the EIN of KASPAROV CHESS FOUNDATION INC?
- The employer identification number (EIN) of KASPAROV CHESS FOUNDATION INC is 47-0870553.
- Is KASPAROV CHESS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to KASPAROV CHESS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KASPAROV CHESS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KASPAROV CHESS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KASPAROV CHESS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KASPAROV CHESS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names M KHODARKOVSKY.
- Who are the officers and directors of KASPAROV CHESS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $250,000 (MICHAEL KHODARKOVSKY, EXECUTIVE DIRECTOR).
- How much revenue does KASPAROV CHESS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,337,296, expenses of $1,237,115 and total assets of $12,556,416 at year end.
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