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Nonprofiteer
← NATIONAL EXCHANGE CLUB

Form 990 for tax year 2022

Filed by NATIONAL EXCHANGE CLUB.

Totals

Total revenue
$166,225
Total expenses
$175,111
Contributions and grants received
$9,100
Grants paid
$99,488
Program service revenue
$1,438
Investment income
$0
Other revenue
$155,687
Total assets, end of year
$73,041
Total liabilities, end of year
$1,320
Net assets or fund balances, end of year
$71,721
Program services expenses (Part IX)
$111,720
Management and general expenses
$11
Fundraising expenses
$63,380
Program service expenses (Part III)
$111,720

Program services were 63.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $9,000

  • 1f · All other contributions, gifts and grants

    $100

  • 2a · Program service revenue: CLUB EVENTS

    total $1,438 · related or exempt $1,438

  • 9a · Gaming: gross income

    $4,724,947

  • 9b · Gaming: direct expenses

    $4,569,260

  • 9c · Net income from gaming

    total $155,687 · unrelated business $155,687

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $99,488 · program services $99,488

  • 7 · Other salaries and wages

    total $61,006 · fundraising $61,006

  • 10 · Payroll taxes

    total $2,374 · fundraising $2,374

  • 13 · Office expenses

    total $45 · program services $34 · management and general $11

  • 19 · Conferences, conventions and meetings

    total $8,964 · program services $8,964

  • 24a · Other expenses: DUES

    total $3,234 · program services $3,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,169 · end of year $66,496

  • 4 · Accounts receivable

    beginning of year $1,155 · end of year $6,545

  • 17 · Accounts payable and accrued expenses

    end of year $1,320

  • 25 · Other liabilities

    beginning of year $1,347 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $79,977 · end of year $71,721

Mission and programs · 2022

Mission

FOR LOCAL BUSINESS PEOPLE TO GATHER AND DISCUSS LOCAL ISSUES AND HEAR PROGRAMS OF INTEREST TO THE COMMUNITY AND MANDKIND. ALSO, TO RAISE FUNDS AND ACCOMPLISH ITEMS AS SHOWN IN 4A THROUGH 4C.

Activities or mission (Part I)

FOR LOCAL BUSINESS PEOPLE TO GATHER AND DISCUSS LOCAL ISSUES AND HEAR PROGRAMS OF INTEREST TO THE COMMUNITY AND MANKIND.

  • MEETINGS AND PROGRAMS - THE CLUB HELD WEEKLY MEETINGS WITH PROGRAMS RELATING TO COMMUNITY EVENTS AND VARIOUS OTHER ISSUES.

    Expenses $111,720 · Grants $99,488 · Revenue $1,438

  • CLUB SOCIALS - ORGANIZED EVENTS SUCH AS THE CHRISTMAS PARTY, VALENTINE PARTY, PONTOON RIDES, SHOOTING SPORTS CLAYS AND FISHING OUTINGS.

  • THE BOY AND GIRL OF THE MONTH ARE SELECTED BY THE SCHOOL EACH OF THE NINE MONTHS AND THE BOY AND GIRL OF THE YEAR ARE SELECTED BY THE SCHOOL FROM THOSE 18 INDIVIDUALS IN THE LAST MONTH OF THE SCHOOL YEAR ON BEHALF OF THE EXCHANGE CLUB. 2- $2,000 AND 16- $100 SCHOLARSHIPS ARE GIVEN. $5,600 TOTAL. APPLICATIONS ARE SUBMITTED AND ONE IS CHOSEN TO RECEIVE THE AWARD.

As filed on the 2022 return.

Listed in Part VII

  • Paula Quinn

    CEO

    Total calculated
    $0
    Hours/week
    1

  • Scott Wonderlich

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark Christensen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robb Orr

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jon Vetter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Dahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Bieganek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ray Schulte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Casillas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Larsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303199349308575

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