Main
Date: 15 Jul 2007 01:09:29
From: samsloan
Subject: Susan Polgar has filed her Form 990 for 2006
Here's the filing for the SPF 990 filed in March, 2007.
http://www.guidestar.org/FinDocuments/2006/371/444/2006-371444375-02e281f2-Z.pdf

Total revenue, $91,102.

It is interesting to examine this document. It lists only one grant
awarded for the entire year 2006. That is: GRANT GIVEN TO YOUNG
PROMISING CHESS STUDENT TO FURTHER HER LEARNING AND SKILLS IN THE
FIELD OF CHESS $4888

Even this does not quite seem on the up-and-up. I wonder who got the
$4,888 and what she did with it.

More pertinent to the issues before us, however, is the fact that
Susan is running for the USCF board and claims that, if elected, she
will bring in millions of dollars in sponsorship money. Her Susan
Polgar Foundation is a 501(c)(3) to which contributions are tax
deductible. However, the USCF is a 501(c)(4) with no tax write off
available. If Susan cannot get anyone to donate to her foundation, how
can she except them to donate millions to the USCF with her at the
helm?

I believe that much of the $91,102 represents entry fees into her
chess tournaments. Another little question is when Susan makes her
celebrity appearances she asks that checks for her payment be made to
the Susan Polgar Foundation. I realize that this is a very small time
tax scam but I feel that it should be noted.

Sam Sloan





 
Date: 15 Jul 2007 12:31:27
From: David E. Ross
Subject: Re: Susan Polgar has filed her Form 990 for 2006
On 7/14/2007 6:09 PM, samsloan wrote:
> Here's the filing for the SPF 990 filed in March, 2007.
> http://www.guidestar.org/FinDocuments/2006/371/444/2006-371444375-02e281f2-Z.pdf
>
> Total revenue, $91,102.
>
> It is interesting to examine this document. It lists only one grant
> awarded for the entire year 2006. That is: GRANT GIVEN TO YOUNG
> PROMISING CHESS STUDENT TO FURTHER HER LEARNING AND SKILLS IN THE
> FIELD OF CHESS $4888
>
> Even this does not quite seem on the up-and-up. I wonder who got the
> $4,888 and what she did with it.
>
> More pertinent to the issues before us, however, is the fact that
> Susan is running for the USCF board and claims that, if elected, she
> will bring in millions of dollars in sponsorship money. Her Susan
> Polgar Foundation is a 501(c)(3) to which contributions are tax
> deductible. However, the USCF is a 501(c)(4) with no tax write off
> available. If Susan cannot get anyone to donate to her foundation, how
> can she except them to donate millions to the USCF with her at the
> helm?
>
> I believe that much of the $91,102 represents entry fees into her
> chess tournaments. Another little question is when Susan makes her
> celebrity appearances she asks that checks for her payment be made to
> the Susan Polgar Foundation. I realize that this is a very small time
> tax scam but I feel that it should be noted.
>
> Sam Sloan
>

The instructions for Form 990-EZ indicate that line 10 requires a
statement that includes the names and addresses of grantees. This is
not just for the "young promising chess player" but also for the
donations to schools and possibly for event prizes. While the statement
itemizing the grants is there (last page), the names and adresses of the
grantees are missing.

--

David E. Ross
<http://www.rossde.com/ >.

Don't ask "Why is there road rage?" Instead, ask
"Why NOT Road Rage?" or "Why Is There No Such
Thing as Fast Enough?"
<http://www.rossde.com/roadrage.html >


 
Date: 15 Jul 2007 01:14:04
From: EZoto
Subject: Re: Susan Polgar has filed her Form 990 for 2006

I believe she can get a big time sponsor. The Polgars are world
renown so she can get a good sponsor and hopefully a big one. Now as
for you getting a big sponsor............................

EZoto


  
Date: 14 Jul 2007 23:07:41
From: Ray Gordon, creator of the \pivot\
Subject: Re: Susan Polgar has filed her Form 990 for 2006
> I believe she can get a big time sponsor.

I don't think she'd necessarily be more or less effective at securing
sponsorship than anyone else.

The way our charity laws work, nonprofits don't really have to give too much
to their stated causes, as long as they disclose everything in their
financials (which she has, obviously). In theory, people who aren't
satsified with the percentage spent would change their giving habits, but in
practice that is like pushing a string.

I do think Susan doesn't quite understand the difference between being the
first full-fledged female grandmaster and playing in Hungary, and crossing
the waters to America, living here, and attempting to become part of its
chess power structure. Her "street cred" is far less now than it was in say
1989, simply because she's no longer considered a serious threat for the
world title, and because she's making money on the nonplaying side of
things. This makes her one of many strong, inactive (or relatively
inactive) players to do this. Now I would liken her more to a Steve Schutt
than to someone like say even her sister.

Whether that is bad or good should be left to the voters.


--
Ray Gordon
Foxhunting: The ORIGINAL Lifestyle Seduction Guru
http://www.cybersheet.com/library.html

FREE e-books on how to get laid!




  
Date: 14 Jul 2007 18:33:04
From: SAT W-7
Subject: Re: Susan Polgar has filed her Form 990 for 2006
wish i made that much money ..

I think she can get a sponsor too ..

By the way the USA Womans Chess Championship starts in a few days and
the total prize money for that is 25,000 so that tells me that amount
is big money for a ladies tournament... That amount will be split
between I0 ladies..
Now if she wants a mens tournament she will have to get more money
than that if a big name plays and i think she can find some one.
I know Bill Gates likes chess she should ask him..