1000gm INC

Tax-deductible

Los Angeles, CA501(c)(3)Recreation & SportsEIN 88-2261890Revenue $318K in FY2024

On file with the IRS1000gm.org10817 Wilkins Ave, 90024-4905 · Los Angeles, CATax-exempt since Jun 2022Publicly supported — 509(a)(2)

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Non Profit for the promotion of sports Events, handling Chess tournaments and Organizing events for kids and young people for encouraging and developing skills in chess

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 3
filings with a surplus
Average deficit $249K a year · 46% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $77K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$665K
×38 of total assets
Concern: liabilities are 3800% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$318K
-67% vs prior year
Spent
$948K
To programs
100%
Net assets
−$647K
By yearFY2022–FY2024
Revenue
$318K
FY2024▼ -67%
Tap a bar for its year
Revenue by fiscal year
FY2022$328K
FY2023$975K
FY2024$318K
Expenses
$948K
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2022$325K
FY2023$1.1M
FY2024$948K
Net assets
−$647K
FY2024▼ -448%
Tap a bar for its year
Net assets by fiscal year
FY2022$3K
FY2023−$118K
FY2024−$647K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $946K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See 1000gm INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes chess tournaments and events for kids and young people to develop their skills.

Provided by the organization

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1 program · $948K · in their own filed words · FY2024
01

Educational Purpose and sports . Conducting chess touroments and organising events for kids and young people for encouraging and developing skills in chess.

$948Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$77K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Gifts and grantsLn 1h$318K
Money outPt IX
$948K
Ln 25
Programscol B$946K
Owns and owesPt X
−$647K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$18K
LiabilitiesLn 26$665K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$318K
Gains on assetsLn 7$0
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$0
Cash and savings togetherLn 1–2$15K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$0
Total assetsLn 16$18K
LiabilitiesLn 26$665K
Net assetsLn 32−$647K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$27K$15K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$31K$18K
LiabilitiesLn 26$150K$665K
Net assetsLn 32−$118K−$647K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$6K$6K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$15K$15K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$199K$199K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$55K$55K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$640K$640K
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$948K$946K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $318K$948K−$629K−$647K 990 PDF
FY2023 $975K$1.1M−$121K−$118K 990 PDF
FY2022 $328K$325K$3K$3K 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
See the full FY2024 990 (6 parts)
Part I · Summary $318,444 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $975,202$318,444
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $975,202$318,444
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,096,524$947,639
I-18 Total expensesPrior year $1,096,524$947,639
I-19 Revenue less expensesPrior year −$121,322−$629,195
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $318,444 across 8 lines filed
VIII-1f All other contributions, gifts and grants$318,444
VIII-1h Total contributions, gifts and grants$318,444
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$318,444
Part IX · Statement of functional expenses $947,639 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $6,303$6,303
IX-11b Legal feesPrograms $6,331$6,331
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $14,931$14,931
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $199,017$199,017
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $55,333$55,333
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$1,878
IX-23 InsurancePrograms $1,545$1,545
IX-24 Other expenses (24a–d)Programs $640,274$640,274
IX-24e All other expensesPrograms $22,027$22,027
IX-25 Total functional expensesPrograms $945,761 · Management $0 · Fundraising $0$947,639
Part X · Balance sheet $18,134 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $26,777$15,317
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $4,694$2,817
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $31,471$18,134
X-25 Other liabilitiesStart of year $147,748$113,791
X-26 Total liabilitiesStart of year $149,606$665,464
X-27 Net assets without donor restrictionsStart of year −$118,135−$647,330
X-32 Total net assets or fund balancesStart of year −$118,135−$647,330
X-33 Total liabilities and net assetsStart of year $31,471$18,134
Part XI · Reconciliation of net assets −$647,330 net assets at year end
XI-1 Total revenue$318,444
XI-2 Total expenses$947,639
XI-3 Revenue less expenses−$629,195
XI-4 Net assets at start of year−$118,135
XI-10 Net assets at end of year−$647,330

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

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