2025-11-08T15:35:01-05:00 2024-12-31 990 2024-01-01 621625902 Foundation for Tennessee Chess FOUN 6106130997 2911 Belmount BLVD Nashville TN 37212 Rory Wasiolek Director of Operations 6106130997 2025-11-10 2024 2025-03-06 01:10:19Z X Rory Wasiolek 1155 Saddle Springs Drive Nashville TN 37179 383941 false X www.nashvillechess.org X 1995 TN Chess Instruction 7 7 4 0 0 0 58827 58370 309444 318825 6 779 27043 5967 395320 383941 0 0 0 0 139349 169749 0 0 0 244037 283615 383386 453364 11934 -69423 682095 648996 7959 0 674136 648996 Chess Instruction false false 401509 0 0 Providing chess instruction and material to students and teachers at all interested schools in Nashville and surrounding areas. 0 0 0 0 0 0 0 0 0 401509 true true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true false false false true false false false false false false false false false false false true 0 0 true 4 true false false false false false false false false 7 7 true false false true false false false true true false false true true true true true true false false false TN X Rory Wasiolek 6106130997 2911 Belmount BLVD Nashville TN 37212 Sherri England Gough President 2.00 0.00 X 0 0 0 David Wasiolek Treasurer 2.00 0.00 X 0 0 0 Mariano Sana Board Member 2.00 0.00 X 0 0 0 Rocklyn Campbell Board Member 2.00 0.00 X 0 0 0 Johnny Byrd Board Member 2.00 0.00 X 0 0 0 Raja Rambha Board Member 2.00 0.00 X 0 0 0 David Golann Board Member 2.00 0.00 X 0 0 0 0 0 0 0 false false false 0 7980 0 0 0 50390 0 58370 Camps $ Tournaments 900099 111603 111603 0 0 Chess in Schools 900099 207222 207222 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 318825 779 779 0 0 0 0 0 0 0 0 0 0 5967 0 0 0 5967 0 5967 5967 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 383941 325571 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 128424 128424 0 0 0 0 0 0 5087 5087 0 0 36238 36238 0 0 0 0 0 0 2245 0 2245 0 3913 0 3913 0 0 0 0 0 0 0 0 0 0 0 1289 0 1289 0 5227 5227 0 0 14274 14274 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12166 0 12166 0 8601 8601 0 0 Contract Labor 84906 84906 0 0 Prizes 49794 49794 0 0 Repairs and Maintenance 16431 0 16431 0 Facility and Equipment Rental 15811 0 15811 0 68958 68958 0 0 453364 401509 51855 0 0 0 0 0 89599 24604 0 7738 0 0 0 0 0 0 0 0 0 0 0 0 0 0 588058 236489 361661 351569 230835 265085 0 0 0 0 0 0 0 0 682095 648996 7959 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7959 0 X 510219 485080 163917 163917 674136 648997 682095 648997 -69423 43601 0 0 683 0 X false false false X 42541 144117 59351 58827 58370 363206 74317 125920 262695 336493 324792 1124217 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 116858 270037 322046 395320 383162 1487423 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1487423 0 2340 3 6 779 3128 0 0 0 0 0 0 0 2340 3 6 779 3128 0 0 0 0 0 0 0 0 0 0 0 0 116858 272377 322049 395326 383941 1490551 0.9979 0.8359 0.0021 0.1641 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 481513 229944 251569 6546 6546 0 351569 See Form 3949A Executive Director Embezzlement false See Form 3949A Executive Director Fraudulent Misappropriation of Donation false See Form 3949A Executive Director Unpaid Rent false 7098 0 See Form 3949A Executive Director 3000 Rent at an organization property false Part V | PartandLinenumber:,Explanation:| Part I General,The Executive Director rented a property owned by the Foundation for Tennessee Chess for the months of April and May 2024 without providing compensation. The value of the rent was determined to be $3,000 based on market rates. Between 6 1 2024 and 6 9 2024 the Executive Director embezzled $20,390. Per agreement with the Executive Director his wages were garnished at a rate of $2,000 per month for 2 months before he resigned in mid-September 2024 correcting $4,000 of these excess benefits. After he had resigned he fraudulently misappropriated a donation of $5,000 declaring it to be his bonus. Only the Board has authority to authorize a bonus the Board did not authorize said bonus. The total excess benefit was $28,390 with $4,000 being corrected. Under section 4958 there is a 25% tax incurred on the entire excess benefit equal to $7,0957.50. See Schedule O for additional details.| Item B - Amended Return Mistakenly included form 3949A and its explanation in the filing which should not be public facing. These will be removed Part VI, Line 2 Treasurer David Wasiolek is the father of Rory Wasiolek the director of operations Part VI, Line 5 The Foundation for Tennessee Chess FFTC is a small nonprofit that runs chess tournaments and teaches chess in various public and private schools in the Nashville TN metro area. FFTC revenues for 2024 were approximately $383,000. It currently has 3 salaried employees and multiple contract chess teachers. Prior to 2024 the FFTC had its accounting done by an outside accounting firm. The outside accounting firm would take the bank statement and credit cards and record the expenses and revenues as per certain established guidelines. When there were questions the Executive Director of the center would tell the accountants where to book the revenue or expense. In mid-2023 a new board member was brought on to oversee the Treasury function. This individual became uncomfortable with the lack of transparency of the financial statements. After attempting unsuccessfully for 6 months to work with the outside accounting firm and the Executive Director to increase transparency the Treasurer board member recommended to the board that an office manager bookkeeper be hired to handle the accounting as well as various other activities. The Executive Director supported adding the new position and the Board approved the hiring. The transition from the outside firm to the new office manager bookkeeper occurred over the June July 2024 time frame. During this transition the office manager bookkeeper identified 4 separate incidences of suspicious charges by the Executive Director from casinos on the FFTC credit card Uruguay: 2 2 2024-2 9 2024 New Orleans: 4 19 2024 and two separate instances in Las Vegas: 12 27 2023 and 6 1 2024-6 9 2024. Each time a deposit was made for the same amount within days except for the last incident in Las Vegas 6 1-6 9. The total amount not repaid from this last incident was $20,390. With this discovery the board had the office manager bookkeeper review all the financial data available to the FFTC the outside accounting firm had provided 2 years of historic records and then deleted the earlier files. No other suspicious expenses were identified in the years for which records were available. When confronted the Executive Director admitted his embezzlement and claimed extenuating circumstances. The Executive Director had been in his role for 18 years and had done a good job in growing the nonprofit. In light of his long service the board decided to allow him to remain in his role with an agreed upon garnishment of his wages to repay the outstanding amount including $3,000 of rent the Executive Director owed for his brother living in a cottage owned by the FFTC for a total amount owed of $23,390. In addition the board took the following steps to ensure there would be no repeated occurrence: 1. The Board removed the Executive Director from all access to FFTC funds. He was directed by the Board to have any purchases completed by either the Assistant Director or the Office Manager of the FFTC. 2. The credit card held by the Executive Director was canceled and two new cards were set up and assigned to the Assistant Director and the Office Manager. These cards had significantly lower charge limits Limits = $1,500 and $2,500 respectively. 3. The Treasurer and Chairman of the Board Chairman were set up to be notified by US Bank of any checks drawn against the FFTC account. 4. The Treasurer and Chairman were set up to have access to the credit card charges for review on-line. 5. A process was established such that any transfers of funds between the FFTCs money market account and its US Bank checking account needed to have the Office Manager request the Chairman to make the transfer. The Treasurer is also authorized to execute this transfer however only under those circumstances when the Chairman for whatever reason is unable to and then only with written direction by the Chairman to do so. The Chairman and the Treasurer are both automatically informed by both financial institutions of any transfers. This agreement with the Executive Director remained in effect for 2 months and allowed the FFTC to recoup $4,000. However on September 15,2024 the Executive Director resigned after he was denied repeated requests for access to the FFTC credit card. When the Executive Director left but before his resignation was known outside of the FFTC he had a donor give him a $5,000 donation that was to support a major FFTC chess tournament that had just completed. The Executive Director then kept this donation for himself and stated in writing that he declared the donation as his bonus. Only the FFTC Board can authorize a bonus. The Board did not authorize a bonus for the Executive Director. The donor and his $5,000 donation were well advertised as sponsors of the tournament. As such by virtue of the Executive Directors embezzlement fraudulently misappropriated donation and unpaid rent he currently owes FFTC $24,390 not counting interest and other costs the FFTC has incurred in attempts to recover its assets. Subsequently the board filed a civil suit in the Davidson County Chancery Court to recover $24,390 plus interest and expenses and hired a process server through the FFTCs attorney to serve the former Executive Director with a court order. Since then the former Executive Director has taken active steps to avoid being served. In addition the board has discussed the issue with the Tennessee Attorney Generals office. The board also voted at its 9 15 2025 board meeting to present its case to the Davidson County Tennessee District Attorneys office. Part VI, Line 11a The tax documents were shared with the board. Part VI, Line 12c Transactions involving the endowment were handled by the president of the board rather than the treasurer. Part VI, Line 18 Filed forms will be made accessible to public through state agency. Part VI, Line 19 No documents available to the public. Part IX, Line 24e 1. Property Tax: 10,760; 2. Utilities: 7,604; 3. Dues and Subscriptions: 7,049; 4. Meals and Entertainment: 11,756; 5. Excess Benefit: 24,390 See Below; 6. Other Misc: 7,399.