Foundation for Tennessee Chess
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| foundation for tennessee chess 501c3 | 2019 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $267,703.00 | $165,432.00 | |
| Total Expenses | $210,421.00 | $192,796.00 | |
| Revenue Less Expenses | ($-0.00) | $57,282.00 | ($27,364.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $24,117.00 | |
| Contributions, Gifts, and Grants | $134,832.00 | $0.00 | |
| Indirect Public Support | $0.00 | $42,541.00 | |
| Earned Revenue | $123,415.00 | $85,927.00 | |
| Investment Income, Net of Losses | $6.00 | $12,847.00 | |
| Membership Dues | $9,285.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $163,478.00 | $155,068.00 | |
| Administration Expense | $46,943.00 | $37,728.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 127% | 86% | |
| Program Expense/Total Expenses | 78% | 80% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $134,832.00 | Program Revenue $85,927.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $123,415.00 | Federated Campaigns $42,541.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Membership Dues $9,285.00 | Government Grants $24,117.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $680,802.00 | $633,097.00 | |
| Current Assets | $88,297.00 | $74,855.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $0.00 | $798.00 | |
| Total Net Assets | $680,802.00 | $632,299.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$155,000.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2023
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the 990. Financial documents completed by Waterford Tax Group. Comment provided by Hayley Sulfridge 9/6/22. |
