Indermaur Chess Foundation
Nonprofit profile at a glance
- EIN
- 842383716
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Raleigh, NC, USA
- Phone
- 9194310700
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $27,291
- Expenses
- $9,262
- Assets
- $64,548
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Mark Indermaur (President)
- Meredith Indermaur (Vice President)
People named in this filing
- Mark Indermaur (President)
- Meredith Indermaur (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help NC schools, libraries and communities start chess programs
What it reported doing in 2024
We organized 99 online and 6 US Chess-rated tournaments, including a Chess Moms event. 714 students played in the online tournaments and 231 played in the rated tournaments. We also sponsored the NC Girls Chess Championship.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 100
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 17.9%; rating input score 18
- Program expense ratio: 56.8%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 66.1%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 6.97; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 32.2% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 52.9% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 17.9% of revenue deployed · 56.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $5K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 18/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.