Portland Chess Foundation in Portland, Oregon (OR)

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Portland Chess Foundation
Employer Identification Number (EIN)930909496
Name of OrganizationPortland Chess Foundation
In Care of NameMichael J Morris
Address8205 Sw 24th Avenue, Portland, OR 97219
Websitehttp://www.pdxchess.org
Activities"Unspecified"
SubsectionCharitable Organization
Ruling Date05/1986
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$39,206
Amount of Income$9,642
Form 990 Revenue Amount$9,642


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Financial snapshot ($)

Revenue for 2010

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2010)
Total revenue$9,642
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$5,630
Membership dues and assessments$2,152
Investment income$1,860
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$12,528
Total net assets$39,206
Deficit for the year$-2,886
Net assets or fund balances at beginning of year$42,375
Other changes in net assets or fund balances$-283
Balance Sheets (for 2010)
Total assets$39,206
Total liabilities$0
Net assets or fund balances$39,206
Other Information (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010)
2006 - 2010 Total
Total support$64,950
Gifts, grants, contributions, and membership fees received$19,132
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$37,853
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$7,965
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