Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
The Torres Chess and Music Academy Inc
EIN 20-2434518 • 501(c)3
Profile
Provide school for learning chess & music
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.48x
Liabilities / Revenue
84th percentile
Higher debt load relative to revenue than 84% of similar nonprofits.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 31.6% of source-year revenue.
Asset Growth
80th percentile
Faster asset growth than 80% of similar nonprofits.
Revenue Growth
59th percentile
Faster revenue growth than 59% of similar nonprofits.
Balance Sheet
Assets
Up$18,308
Up $4,229 (+30%) from 2012
Liabilities
Up$8,808
Up $5,580 (+173%) from 2012
Net Assets
Down$9,500
Down $1,351 (-12%) from 2012
Revenue
Up$73,130
Up $3,419 (+4.9%) from 2012
Expenses
Up$74,483
Up $958 (+1.3%) from 2012
Net Income
Up-$1,353
Up $2,461 (+65%) from 2012
Trend Graphs
Filings
Most recent year
2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $18,308
- Liabilities
- $8,808
- Net assets
- $9,500
- Revenue
- $73,130
- Expenses
- $74,483
- Net income
- -$1,353
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Nov 17, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $73,130
Mission and Program Overview
Mission
Provide school for learning chess & music
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TEACHING CHESS & PROVIDE TOURNAMENTS | - | $74,483 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHRISTOPHER TORRES | President | FT | $23,138 | - | $23,138 |
Filing and Contact Details
Filer
- EIN
- 20-2434518
- Phone
- 6616998348
Signing Officer
- Name
- Christopher Torres
- Title
- Director
- Phone
- 6616998348
- Signed
- 2014-11-17
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Marco Esquivel
- Phone
- 5107925770
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising 2,223 auto expenses 5,021 awards 643 bank charges 431 filing fee - ca ftb 10 fingerprinting expense 288 gifts given to volunteers 180 insurance 1,928 internet connection exp 2,136 license and permit 143 meal & entertainment 647 membership dues 464 office supplies 1,907 outside contractors 23,625 postage and delivery 98 rent facilities 6,053 telephone 1,607 interest and penalties 967 non-investment depreciation 770 total 49,141”
Form 990-ez, Part II, Line 24
“Equipment 11,486 13,476 less accumulated depreciation 9,186 9,956 loan to shareholder 1,400 1,400 total 3,700 4,920”
Form 990-ez, Part II, Line 26
“Payroll tax liability 3,228 8,808”
Raw XML Appendix121 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | CHRISTOPHER TORRES |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHRISTOPHER TORRES |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6616996476 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 1832 WALNUT GROVE COURT |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | OAKLEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 94561 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 10381 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 13388 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1353 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 14081 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 18308 |
| IRS990EZ/GrossReceiptsAmt | 0 | 73130 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 10853 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 9500 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 10853 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 9500 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 23138 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHRISTOPHER TORRES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 3700 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 4920 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 49141 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDE SCHOOL FOR LEARNING CHESS & MUSIC |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 73130 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TEACHING CHESS & PROVIDE TOURNAMENTS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 74483 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 25342 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3228 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 8808 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 74483 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 74483 |
| IRS990EZ/TotalRevenueAmt | 0 | 73130 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.CHESSANDMUSIC.COM |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE ACADEMY MAINTAINS ITS NONDISCRIMINATORY POLICIES AT THE ORGANIZATION'S OFFICE AND IN ITS PUBLICATIONS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 2,223 AUTO EXPENSES 5,021 AWARDS 643 BANK CHARGES 431 FILING FEE - CA FTB 10 FINGERPRINTING EXPENSE 288 GIFTS GIVEN TO VOLUNTEERS 180 INSURANCE 1,928 INTERNET CONNECTION EXP 2,136 LICENSE AND PERMIT 143 MEAL & ENTERTAINMENT 647 MEMBERSHIP DUES 464 OFFICE SUPPLIES 1,907 OUTSIDE CONTRACTORS 23,625 POSTAGE AND DELIVERY 98 RENT FACILITIES 6,053 TELEPHONE 1,607 INTEREST AND PENALTIES 967 NON-INVESTMENT DEPRECIATION 770 TOTAL 49,141 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EQUIPMENT 11,486 13,476 LESS ACCUMULATED DEPRECIATION 9,186 9,956 LOAN TO SHAREHOLDER 1,400 1,400 TOTAL 3,700 4,920 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PAYROLL TAX LIABILITY 3,228 8,808 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHRISTOPHER TORRES |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6616998348 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-11-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | THE TORRES CHESS AND MUSIC ACADEMY |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2 | 0 | INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TORR |
| ReturnHeader/Filer/EIN | 0 | 202434518 |
| ReturnHeader/Filer/PhoneNum | 0 | 6616998348 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 16691 COLONIAL TRAIL |
| ReturnHeader/Filer/USAddress/City | 0 | LATHROP |
| ReturnHeader/Filer/USAddress/State | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 95330 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 943103728 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | FINCK RUDNICK AND COMPANY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 39510 PASEO PADRE PARKWAY SUITE 26 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | FREMONT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 94538 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5107925770 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-11-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARCO ESQUIVEL |
| ReturnHeader/ReturnTs | 0 | 2014-11-17T18:38:41-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
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