Civic Intelligence

Foundation for Tennessee Chess

990 • Fiscal year 2016 • EIN 62-1625902

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 01, 2017

2911 Belmont BlvdNashville, TN 37212

(615) 661-8245

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

32nd percentile

0.01x

Higher debt load relative to revenue than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

63rd percentile

8.1%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

53rd percentile

2.5%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$642,061

Up $15,722 (+2.5%) from 2015

Net Assets

Up

$640,509

Up $15,670 (+2.5%) from 2015

Liabilities

Up

$1,552

Up $52 (+3.5%) from 2015

Revenue

Up

$271,895

Up $49,384 (+22%) from 2015

Expenses

Up

$249,807

Up $36,068 (+17%) from 2015

Net Income

Up

$22,088

Up $13,316 (+152%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $611,352Liabilities 2011: $1,501Net Assets 2011: $609,8512011Assets 2012: $630,553Liabilities 2012: $1,500Net Assets 2012: $629,0532012Assets 2013: $639,353Liabilities 2013: $1,501Net Assets 2013: $637,8522013Assets 2014: $630,588Liabilities 2014: $721Net Assets 2014: $629,8672014Assets 2015: $626,339Liabilities 2015: $1,500Net Assets 2015: $624,8392015Assets 2016: $642,061Liabilities 2016: $1,552Net Assets 2016: $640,5092016Assets 2017: $622,176Liabilities 2017: $2,700Net Assets 2017: $619,4762017Assets 2018: $650,310Liabilities 2018: $12,312Net Assets 2018: $637,9982018Assets 2019: $649,758Liabilities 2019: $3,382Net Assets 2019: $646,3762019Assets 2020: $622,686Liabilities 2020: $798Net Assets 2020: $621,8882020Assets 2021: $680,802Liabilities 2021: $0Net Assets 2021: $680,8022021Assets 2022: $657,705Liabilities 2022: $6,433Net Assets 2022: $651,2722022Assets 2023: $682,095Liabilities 2023: $7,959Net Assets 2023: $674,1362023Assets 2024: $648,996Liabilities 2024: $0Net Assets 2024: $648,9972024

Highlighted filing

2016

Assets$642,061
Liabilities$1,552
Net Assets$640,509

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $162,3582011Expenses 2012: $164,1532012Revenue 2013: $216,635Expenses 2013: $203,320Net Income 2013: $13,3152013Revenue 2014: $214,171Expenses 2014: $221,309Net Income 2014: -$7,1382014Revenue 2015: $222,511Expenses 2015: $213,739Net Income 2015: $8,7722015Revenue 2016: $271,895Expenses 2016: $249,807Net Income 2016: $22,0882016Revenue 2017: $225,674Expenses 2017: $247,837Net Income 2017: -$22,1632017Revenue 2018: $249,529Expenses 2018: $237,698Net Income 2018: $11,8312018Revenue 2019: $294,075Expenses 2019: $276,998Net Income 2019: $17,0772019Revenue 2020: $165,441Expenses 2020: $192,796Net Income 2020: -$27,3552020Revenue 2021: $267,703Expenses 2021: $210,421Net Income 2021: $57,2822021Revenue 2022: $323,762Expenses 2022: $338,714Net Income 2022: -$14,9522022Revenue 2023: $395,320Expenses 2023: $383,386Net Income 2023: $11,9342023Revenue 2024: $383,941Expenses 2024: $453,364Net Income 2024: -$69,4232024

Highlighted filing

2016

Revenue$271,895
Expenses$249,807
Net Income$22,088
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 1, 2017
Return Version
2016v3.0
Gross Receipts
$271,895
Mission and Program Overview

Mission

CHESS INSTRUCTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$360,446$360,325▼ $121
Investments in Publicly Traded Securities$185,855$191,942▲ $6,087
Savings and Temporary Cash Investments$80,036$89,794▲ $9,758
Cash and Non-Interest-Bearing Accounts$2--
Total Assets$626,339$642,061▲ $15,722
Liabilities
Escrow Account Liability$1,500$1,500→ $0
Accounts Payable and Accrued Expenses-$52-
Total Liabilities$1,500$1,552▲ $52
Net Assets / Fund Balance
Unrestricted Net Assets$460,922$476,592▲ $15,670
Permanently Rstr Net Assets$163,917$163,917→ $0
Total Net Assets Fund Balance$624,839$640,509▲ $15,670
Total Liabilities and Net Assets / Fund Balance$626,339$642,061▲ $15,722

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$260,194$143,589$403,783
Land$100,000-$100,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brent HesselPresident
Harry SabineChess Direct
Martha DudekChess Direct
Molly MorphettChess Direct
Alvin HarrisLife Member
Sam StrangSecretary
Tony NegliaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,669
Program Service Revenue
$227,868
Investment Income
$5,171
Other Revenue
$10,187
Change in Net Assets
$22,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,189
Salaries, Compensation, and Employee Benefits$88,618
Total Fundraising Expense$8,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$100,314$2,044$8,506$110,864
Other Salaries and Wages$76,961--$76,961
Fees for Services Accounting-$12,224-$12,224
Depreciation Depletion-$11,477-$11,477
Occupancy$6,534$2,298-$8,832
Office Expenses$7,291--$7,291
Payroll Taxes$5,964--$5,964
Other Employee Benefits$5,693--$5,693
Advertising$5,248--$5,248
Insurance-$2,930-$2,930
Information Technology$1,545--$1,545
Travel$754--$754
Fees for Services Legal-$24-$24
Total Functional Expenses$210,304$30,997$8,506$249,807
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Foundation for Tennessee Chess
EIN
62-1625902
Phone
6156618245
Address
2911 BELMONT BLVD, NASHVILLE, TN 37212

Signing Officer

Name
Tony Neglia
Title
Treasurer
Phone
6156618245
Signed
2017-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Neglia
Voting Board Members
5
Independent Board Members
0
Employees
1

Preparer

Firm
Wallace CPA Firm
Address
95 WHITE BRIDGE RD STE 308, NASHVILLE, TN 37205-1484
Preparer
Randel E Wallace
Phone
6153521555
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract labor 88,775 0 0 credit card processing 0 2,044 0 dues & subscriptions 10 0 0 equipment repairs 1,745 0 0 fundraising 0 0 2,500 misc. 250 0 0 other fees consulting 0 0 6,006 program expense 4,481 0 0 rating fees 5,053 0 0 total 100,314 2,044 8,506

Form 990, Part XI, Line 9

Book / tax depreciation difference -27 federal income tax refund 1,292 rounding 27 federal income tax -700 real estate taxes taken 990t -8,927 total -8,335

Raw XML Appendix339 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACT LABOR 88,775 0 0 CREDIT CARD PROCESSING 0 2,044 0 DUES & SUBSCRIPTIONS 10 0 0 EQUIPMENT REPAIRS 1,745 0 0 FUNDRAISING 0 0 2,500 MISC. 250 0 0 OTHER FEES CONSULTING 0 0 6,006 PROGRAM EXPENSE 4,481 0 0 RATING FEES 5,053 0 0 TOTAL 100,314 2,044 8,506
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -27 FEDERAL INCOME TAX REFUND 1,292 ROUNDING 27 FEDERAL INCOME TAX -700 REAL ESTATE TAXES TAKEN 990T -8,927 TOTAL -8,335
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt028669
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08506
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030997
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0210304
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249807
IRS990/TotalGrossUBIAmt09600
IRS990/TotalLiabilitiesBOYAmt01500
IRS990/TotalLiabilitiesEOYAmt01552
IRS990/TotalLiabilitiesGrp/BOYAmt01500
IRS990/TotalLiabilitiesGrp/EOYAmt01552
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0624839
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0640509
IRS990/TotalProgramServiceExpensesAmt0210304
IRS990/TotalProgramServiceRevenueAmt0227868
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0233626
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0271895
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09600
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0626339
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0642061
IRS990/TravelGrp/ProgramServicesAmt0754
IRS990/TravelGrp/TotalAmt0754
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0460922
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0476592
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.NASHVILLECHESS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY NEGLIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06156618245
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR TENNESSEE CHESS
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0621625902
ReturnHeader/Filer/PhoneNum06156618245
ReturnHeader/Filer/USAddress/AddressLine1Txt02911 BELMONT BLVD
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037212
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B23E826E0E644EF7995226BA652227AB7181B261
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0790D916AF9A000BBC05D287126211F6727B76961
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471111531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALLACE CPA FIRM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt095 WHITE BRIDGE RD STE 308
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0372051484
ReturnHeader/PreparerPersonGrp/PhoneNum06153521555
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDEL E WALLACE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-07-05T11:48:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.49$0.00$6.49$3.84$4.53$0.69
2023Detailed filing. Detailed filing data is available for this year.$6.82$0.08$6.74$3.95$3.83$0.12
2022Detailed filing. Detailed filing data is available for this year.$6.58$0.06$6.51$3.24$3.39$0.15
2021Detailed filing. Detailed filing data is available for this year.$6.81$0.00$6.81$2.68$2.10$0.57
2020Detailed filing. Detailed filing data is available for this year.$6.23$0.01$6.22$1.65$1.93$0.27
2019Detailed filing. Detailed filing data is available for this year.$6.50$0.03$6.46$2.94$2.77$0.17
2018Detailed filing. Detailed filing data is available for this year.$6.50$0.12$6.38$2.50$2.38$0.12
2017Detailed filing. Detailed filing data is available for this year.$6.22$0.03$6.19$2.26$2.48$0.22
2016Detailed filing. Detailed filing data is available for this year.$6.42$0.02$6.41$2.72$2.50$0.22
2015Detailed filing. Detailed filing data is available for this year.$6.26$0.02$6.25$2.23$2.14$0.09
2014Detailed filing. Detailed filing data is available for this year.$6.31$0.01$6.30$2.14$2.21$0.07
2013Detailed filing. Detailed filing data is available for this year.$6.39$0.02$6.38$2.17$2.03$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$0.02$6.29$1.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$0.02$6.10$1.62