World Chess Museum Inc

Nonprofit profile at a glance

EIN
271280023
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2009
Location
St Louis, MO, USA
Phone
3143679243
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,465,278
Expenses
$3,849,026
Assets
$5,287,226
Liabilities
$3,310,971

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • REX SINQUEFIELD (PRESIDENT)

Highest reported compensation

  • SHANNON BAILEY (CHIEF CURATOR): $140,537 total reported compensation
  • JENNIFER SHAHADE (DIRECTOR): $600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission and principal activities of the world chess hall of fame and galleries is to educate visitors, fans, players, and scholars by collecting, preserving, exhibiting, and interpreting the game of chess and its continuing cultural and artistic significance.

What it reported doing in 2024

See schedule o.the world chess hall of fame and galleries (wchofg) creates engaging exhibitions celebrating the game of chess, its history, and its impact on art and culture. Through these exhibitions and innovative educational programming, the wchofg hopes to popularize chess among a new and diverse audience. The wchofg also seeks to serve as a repository for artifacts related to the rich history of the game of chess. Sound moves: where music meets chessmay 17, 2023 - january 28, 2024with extraordinarily rich histories in common, it is no wonder that there are innumerable points of intersection between the respective stories of chess and music. From master chess players who are deeply passionate about writing, playing, and experiencing music to world-renowned musicians with insatiable appetites for both the competitive and collaborative aspects of chess, the art of music and the sport of chess have enjoyed an enormously productive and mutually influential partnership over the centuries. But the players of chess and the performers and producers of music who share an interest in each other's discipline are only one facet of the many dimensions that comprise the larger picture of the association between art and chess.with compelling, eye-catching objects, a diverse sound palette, and videos that will entertain and inform, sound moves will appeal to chess enthusiasts of all levels, writers, performers, and lovers of diverse genres of music, and novices of both activities with an interest in popular culture and a desire to be exposed to a fascinating story featuring a thoughtful and dynamic presentation.t.s. Eliot: a game of chessmay 17, 2023 - march 24, 2024t. S. Eliot: a game of chess explores eliot's famous poem, the waste land, through the theme of chess. After world war i, the spanish flu, and his father's death, eliot wrote the waste land, a poem expressing grief and feelings of alienation in a rapidly modernizing society. Situated just steps from his parent's home in saint louis' central west end, this exhibit features artifacts and multimedia displays relating to eliot's poem, his chess metaphors, and the many strands of his life that he wove into his writing.born in midtown saint louis in 1888, t. S. Eliot went on to become an internationally renowned poet, british citizen, and nobel prize winner. In 1922, he published what became his most famous poem, the waste land, including a section entitled "a game of chess." this exhibit will center on eliot's use of chess in this poem and circle outward to ways in which the waste land reflects his saint louis childhood, his personal and familial relationships, the cultural wound of world war i, and the poet's deep reading in literature and philosophy.chess was an important part of the poet's life as a form of connection to his father, with whom he played transatlantic chess by letter before his death in 1919, and as a pastime with his wife when communication failed. Eliot worked chess into the waste land through the theme of royalty, specifically the fisher king whose illness parallels the "wasting" of the land, echoed by references to other kings and queens from shakespeare's plays, and through chess as a metaphor for sexual intrigue, drawing on two renaissance plays by thomas middleton, a game at chess and women beware women. In eliot's poem, an unhappy couple spars verbally, the wife represented as a queen on "a burnished throne." they make conversational moves but do not connect with one another. Ultimately, the husband silently envisions the endgame of their day: and we shall play a game of chess, / pressing lidless eyes and waiting for a knock upon the door." in a poem concerned with connection and disconnection ("i can connect / nothing with nothing"), his chess imagery suggests people seeking union and understanding but instead betraying and disappointing one another. Woven into the theme of royalty are gestures of grief for the passing of his father, who was a kind of "ki

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 93
  • Accountability: 90
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.1%; rating input score 91
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: $15.02 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98%; rating input score 98; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.1%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 1.37; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 16.5% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 91.1% of revenue deployed · 80% of spending went to programs
  • Governance: 5 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.1M in reported program spending
  • Leadership: top reported pay $141K · 8 people listed
  • Highest-paid contractors: 2 contractors listed · $311K reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Sustainability: Operating margin scored 12/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.