Progress with Chess INC
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Teaches chess to youth, boosting confidence and problem-solving skills through diverse social interaction. For fiscal year 2024 it reported $609K in revenue, $526K in expenses, and $450K in net assets.Pt I
Summary of the Filing
Where the work happens
Provide students in area schools with intruction and supervised practice in playing chess Approximentley 2,500 students partcipate.
Organize county wide chess tournaments for students, approxmatley 980 students attend. We offer free partication in our tournaments and free US chess Federation memberships to 132 low income students. We introduced hundreds of area youth to US Chess Federation rated tournament play.
Organized summer day camps with instruction and supervised practice in chess, approximately 300 students participate.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael Joelson’s $63K as President is at the 55th percentile of top reported officer pay among 1616 $100K–1M education 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
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Michael Joelson | $62,667 | $54,000 | $54,000 | $51,750 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 76% | — | — |
| Overhead ratio | 23% | — | — |
| Fundraising cost ratio | 19% | — | — |
| Revenue growth | -15% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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