EASTERN SHORE SCHOLASTIC CHESS INC

EIN: 834278282 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$21,200
Total Expenses
$13,650
Total Assets
$26,888
Net Assets
$26,863
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Principal Officer
ALAN SILVERMAN
Phone
2156946401
Tax Period
2024-01-01 to 2024-12-31

EASTERN SHORE SCHOLASTIC CHESS INC, founded in 2020, is a micro nonprofit in the Education sector that reported $21K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $8K, a strong 36% operating margin.

Mission

EASTERN SHORE SCHOLASTIC CHESS, INC. (ESSC) IS A 501(C)(3) WITH THE MISSION TO HELP PUBLIC SCHOOLS AND OTHER YOUTH SERVING ORGANIZATIONS OUTSIDE OF THE PUBLIC SCHOOL SYSTEM ESTABLISH FEDERAL, LOCAL AND COMMUNITY SUPPORTED CHESS CLUBS. CURRENT PROJECTS ARE WITH THE ACCOMACK COUNTY PUBLIC SCHOOLS ON THE EASTERN SHORE OF VIRGINIA AND WELL AS LOCAL SURROUNDING YOUTH ORGANIZATIONS OUTSIDE OF THE PUBLIC SCHOOL SYSTEM. THE ACPS AND LOCAL YOUTH SERVING ORGANIZATIONS HAVE RECOGNIZED THE ACADEMIC AND SOCIAL BENEFITS OF CHESS TO THE CHILD, AND THE CONSISTENCY OF THE LIFE-SKILLS LEARNED IN CHESS WITH BOTH STEM AND VIRGINIA EMPLOYMENT READINESS SKILLS EDUCATIONAL OBJECTIVES. IN AREAS SUCH AS WITHIN THE ACPS, DISTANT FROM OTHER CHESS PROGRAMS, BOTH LOCAL INTERSCHOLASTIC COMPETITIONS AND ON-LINE COMPETITIONS WITH SCHOOLS AND INDIVIDUAL STUDENTS FROM AROUND THE WORLD BECOME POSSIBLE FOR THE FIRST TIME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,200
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $21,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,650
Other Expenses $13,650
TOTAL EXPENSES $13,650

Year-over-Year Comparison

2024 2023 Change
Revenue $21,200 $23,900 -0.1%
Expenses $13,650 $17,598 -0.2%
Net Income $7,550 $6,302 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LANDSBERGER CHAIRMAN & P N/A
Director
$0 $0 $0
RALPH LOPEZ EXECUTIVE DI N/A
Director
$0 $0 $0
ALAN SILVERMAN DIRECTOR N/A
Director
$0 $0 $0
JAVON SMITH DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $21,200 $13,650 $26,888 $7,550
2023 $23,900 $17,598 $19,338 $6,302
2022 $18,060 $8,610 $13,036 $9,450
2021 $6,200 $2,639 $4,136 $3,561
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