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Nonprofit · EIN 84-1830726

CHESS EDUCATION FOUNDATION INC

Tax-exempt · LOUISVILLE, KY 40206

Financials

$249K$226K2023$193K$208K2024
Revenue Expenses · by fiscal year end
Financials of CHESS EDUCATION FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$193,123$207,570-$14,447$75,369$0$75,369
December 31, 2023990$249,241$226,350$22,891$89,816$0$89,816
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,000
Program service revenue
$192,123
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,000
Compensation of officers, directors and key employees
$48,780
Salaries, compensation and benefits (total)
$50,330
Professional fundraising fees
$0
Occupancy
$11,100
Program services (functional)
$165,395
Management and general (functional)
$42,175

Balance sheet and other

Total assets, start of year
$89,816
Total assets, end of year
$75,369
Total liabilities, end of year
$0
Net assets, end of year
$75,369
Net assets without donor restrictions
$75,369
Gross receipts
$193,123
Employees
2
Volunteers
0
Year formed
2019
State of legal domicile
KY

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.

NameTitleHours / weekCompensation
John SimonsTreasurer and Director
Trustee or director, Officer, Key employee, Highest-paid employee
20$21,660
Ryan VelezPresident and Executive Director
Trustee or director, Officer, Key employee
20$21,000
Richard WilliamsDirector
Trustee or director, Key employee
10$6,120
Eric YussmanDirector
Trustee or director
0$0
Ranjit BaggaDirector
Trustee or director
0$0
Amani KettanehDirector
Trustee or director
0$0
James PedenDirector
Trustee or director
0$0
Rico BulaclacDirector
Trustee or director
0$0
Conway StrongDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
John SimonsTreasurer and Director
Officer
25$26,079
Ryan VelezPresident and Executive Director
Officer
25$23,998
Richard WilliamsDirector
Officer
10$8,635
Eric YussmanDirector
Trustee or director
0$0
Ranjit BaggaDirector
Trustee or director
0$0
Amani KettanehDirector
Trustee or director
0$0
James PedenDirector
Trustee or director
0$0
Rico BulaclacDirector
Trustee or director
0$0
Conway StrongDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
2908 BROWNSBORO RD SUITE 212, LOUISVILLE, KY 40206-3506
In care of
% RYAN VELEZ
Mailing address (990-N for 2020)
2908 Butler Ct, Louisville KY 40218
Principal officer (990 for 2024)
John Simons, 3807 Therina Way, Louisville, KY 40241
Principal officer (990-N for 2020)
Ryan Velez, 2908 Butler Ct, Louisville KY 40218
Signed the 990
John Simons, Treasurer
Phone
(502) 418-5312

Mission

Mission: We Teach Life Skills Through Chess

990 for the year ended December 31, 2024

Program accomplishments

  • During the 2023-24 School year the Chess Education Foundation has run chess clubs in approximately 30 schools. Chess Instruction in after/before School clubs is our biggest program with approximately 800 Students attending in 2023. We also ran two chess camps for scholastic players over the summer.
    Expenses $121,248 · revenue $150,590
  • Our second Largest program is running local chess tournaments. Scholastic players compete individually and with their school team. We also assist with both State and National Championship events. Our tournament series awarded a $5000 Scholarship to one Kentucky student.
    Expenses $27,528 · grants $5,000 · revenue $38,613
  • Our third largest program is our Chess Center. We organize community events for both adults and students. The Center hosted at least two events every week throughout 2023.
    Expenses $16,619 · revenue $2,920

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for CHESS EDUCATION FOUNDATION INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
84-1830726
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$75,369
Income (IRS master file)
$193,123

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$193,123$207,570$75,369IRS
990December 2023$249,241$226,350$89,816XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: Ryan Velez
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Ryan Velez
December 31, 2019≤ $50,000 receipts––e-Postcard

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 84-1830726).

Questions about CHESS EDUCATION FOUNDATION INC

What is the EIN of CHESS EDUCATION FOUNDATION INC?
The employer identification number (EIN) of CHESS EDUCATION FOUNDATION INC is 84-1830726.
Is CHESS EDUCATION FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to CHESS EDUCATION FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHESS EDUCATION 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 CHESS EDUCATION 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 CHESS EDUCATION 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 CHESS EDUCATION FOUNDATION INC?
The 990 for the year ended December 31, 2024 names John Simons.
Who are the officers and directors of CHESS EDUCATION FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $21,660 (John Simons, Treasurer and Director).
How much revenue does CHESS EDUCATION FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $193,123, expenses of $207,570 and total assets of $75,369 at year end.

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