World Chess Museum INC

Tax-deductible

Saint Louis, MO501(c)(3)Arts & CultureEIN 27-1280023Revenue $3.5M in FY2024

On file with the IRSworldchesshof.org4652 Maryland Ave, 63108-1913 · Saint Louis, MOTax-exempt since Sep 2007Supporting org, Type I — 509(a)(3)

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To educate our visitors by exhibiting and interpreting the game of Chess and its significance.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 6 volunteers and 32 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $140K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 3% of spending
Top officer’s pay higher than 52% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.3M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
-12% vs prior year
Spent
$3.8M
To programs
80%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$3.5M
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$3.3M
FY2022$3.1M
FY2023$4.0M
FY2024$3.5M
Expenses
$3.8M
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$2.8M
FY2022$3.3M
FY2023$3.2M
FY2024$3.8M
Net assets
$2.0M
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.7M
FY2022$1.6M
FY2023$2.4M
FY2024$2.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $3.1M Management & general 14% · $548K Fundraising 6% · $222K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
VP - Chief Curator
$125,931Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary (thru 1/31/23)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shannon Bailey’s $126K as VP - Chief Curator is at the 52nd percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Shannon Bailey$125,931$122,238$112,130$113,424

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

Educates visitors by exhibiting and interpreting the game of chess and its significance.

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Provided by the organization

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3 programs · $2.6M · in their own filed words · FY2023
01

See schedule O.THE world chess hall of fame creates engaging exhibitions celebrating the game of chess, its history, and its impact on art and culture. Through these exhibitions and innovative educational programming, the wchof hopes to popularize chess among a new and diverse audience.

$1.7Mprogram expense
02

See Schedule O.education and Adult Programming

In keeping with its mission of interpreting the game of chess and its continuing cultural and artistic significance, the world chess hall of fame offers low-cost educational and musical programming.

$622Kprogram expense
03

See Schedule O.retail Store

Supports the mission of the world chess hall of fame by offering chess and chess related merchandise and merchandise related to or supporting the items on display in the hall of fame and in the exhibition halls as well as merchandise intended to attract visitors to the world chess hall of fame.

$265Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$45K
Grants paid · 2 grants · $45K · 2021–2023
Learning CenterMO · FY2023$20,000
The Muny OperaMO · FY2021$25,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$123K
Money outPt IX
$3.8M
Ln 25
Programscol B$3.1M
Managementcol C$548K
Fundraisingcol D$222K
Owns and owesPt X
$2.0M
net assets · Ln 32
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$123K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.3M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 532
VolunteersI 66
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.5M$3.8M−$384K$2.0M 990 PDF
FY2023 $4.0M$3.2M$794K$2.4M 990 PDF
FY2022 $3.1M$3.3M−$181K$1.6M 990 PDF
FY2021 $3.3M$2.8M$570K$1.7M 990 PDF
FY2020 $2.6M$2.7M−$100K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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