Chicago Chess Foundation EIN 46-5424330 Form 990 (PDF) Claim this org

Chicago Chess Foundation

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Empowering Chicago youth with chess education and life skills for success. For fiscal year 2025 it reported $201K in revenue, $221K in expenses, and $73K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Chicago, IL
Website
www.chicagolandchess.org
Filings
5 on file (2021–2025)
Revenue
$201KFY2025
Expenses
$221K
Net assets
$73K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-5424330 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering Chicago youth with chess education and life skills for success.
Leadership
Michael Hayes · Board Trustee
Money in and out
$201K revenue, $221K expenses
Bottom line
58% program efficiency
Where the money goes · FY2025
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$221K
Pt IX · Ln 25
Net assets
$73K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.21 Fundraising $0.22
Program efficiency
58%
of spending reaches programs
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate▼ -51% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▼ -519% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$201K
FY2025▲ +38%
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$221K
Pt IX · Ln 25
Net assets
$73K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$20K
Total assetsPt X · Ln 16$73K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChicago Chess Foundation
EINHdr · item D46-5424330
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.chicagolandchess.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N50)
Ruling yearIRS BMFAug 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A

Matthew Kearney’s $45K as Executive Director is at the 57th percentile of top reported officer pay among 1018 $100K–1M recreation & sports 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Matthew Kearney$45,000$45,112
Matthew Kearney$40,150
Lee Lazar$17,500$30,000
Luke Atkinson$26,042

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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Mission & Programs · Part III

Where the work happens

3 program services account for $128K of program spending, described in the organization's own filed words · FY2024.
01

The organization delivers afterschool chess programming in partnership with public schools and community organizations. These programs integrate chess instruction with social-emotional learning academic skill development and mentorship.

$78Kprogram expense
02

The organization conducts youth chess tournaments that provide structured competitive academic enrichment opportunities for children and teens primarily from economically disadvantaged communities. These tournaments emphasize critical thinking sportsmanship confidence-building and positive social interaction.

$33Kprogram expense
03

The organization operates summer chess camps that provide full- and half-day enrichment programming during the summer months. Camps combine chess instruction recreational activities and collaborative learning to prevent summer learning loss and promote continued intellectual engagement.

$17Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$191K · 95%
Program service revenue$12K · 6%
Contributions & grants95%$191K
Program service revenue6%$12K
Investment income$702
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.21 Fundraising $0.22
Program services58%$128K
Management & general21%$46K
Fundraising22%$48K
Total functional expensesLn 25$221K

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$73K
Total liabilitiesLn 26$0
Total net assetsLn 32$73K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $73K · Operating expenses/yr $221K
3.9 months
Where the money goes
Program services
Program services $128K · Total expenses $221K
58%
Management & General
Management & general $46K · Total expenses $221K
21%
Fundraising
Fundraising $48K · Total expenses $221K
22%
Cost to raise $1
Fundraising expense $48K · Solicited contributions $191K
$0.25 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $191K · Total revenue $201K
95%
Government reliance
Government grants $0 · Total revenue $201K
0%
Earned-income share
Program service revenue $12K · Total revenue $201K
6%
Investment reliance
Investment income $702 · Total revenue $201K
+0.3%
Program self-sufficiency
Program service revenue $12K · Total expenses $221K
6%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year $146K
+38%
Revenue CAGR
FY2020 $106K · FY2024 $201K
+17%
Net-asset trend (YoY)
End of year $73K · Beginning of year $94K
-22%
Balance sheet
Surplus Margin
Revenue $201K · Expenses $221K
-10%
Liabilities-to-Assets
Total liabilities $0 · Total assets $73K
0%
Net-asset ratio
Net assets $73K · Total assets $73K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $59K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $73K
82%
People & payroll
Highest Reported Total Compensation
Individual Michael Hayes · Reported title Board Trustee · Highest reported compensation $0 · Total expenses $221K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $158K · Total expenses $221K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 21%
Fundraising cost ratio 25%
Revenue growth 38%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$201K revenue · viewing · ⤓ 990 PDF
FY2024$146K revenue · ⤓ 990 PDF
FY2023$155K revenue · ⤓ 990 PDF
FY2022$146K revenue · ⤓ 990 PDF
FY2021$106K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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