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Nonprofiteer
← THE NATIONAL EXCHANGE CLUB

Form 990 for tax year 2024

Filed by THE NATIONAL EXCHANGE CLUB.

Totals

Total revenue
$2,165,034
Total expenses
$1,940,637
Contributions and grants received
$1,439,260
Grants paid
$0
Program service revenue
$233,655
Investment income
$50,544
Other revenue
$441,575
Total assets, end of year
$2,175,034
Total liabilities, end of year
$456,479
Net assets or fund balances, end of year
$1,718,555
Program services expenses (Part IX)
$1,710,601
Management and general expenses
$230,036
Fundraising expenses
$0
Program service expenses (Part III)
$1,710,601

Program services were 88.1% 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

    $882,857

  • 1d · Related organizations

    $187,403

  • 1f · All other contributions, gifts and grants

    $369,000

  • 1g · Noncash contributions included above

    $369,000

  • 2a · Program service revenue: CONVENTION REVENUE

    total $233,655 · related or exempt $233,655

  • 3 · Investment income

    total $38,592 · excluded $38,592

  • 7a · Gross sales of assets other than inventory

    securities $12,736

  • 7b · Less cost or other basis and sales expenses

    securities $784

  • 7c · Gain or loss

    securities $11,952

  • 7d · Net gain or loss

    total $11,952 · excluded $11,952

  • 10a · Gross sales of inventory

    $139,758

  • 10b · Cost of goods sold

    $86,743

  • 10c · Net income from sales of inventory

    total $53,015 · excluded $53,015

  • 11a · Other revenue: CLUB LIABILITY REVENUE

    total $180,514 · related or exempt $180,514

  • 11d · All other revenue

    total $208,046 · related or exempt $172,974 · excluded $35,072

  • 11e · Other revenue, total

    $388,560

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,735 · program services $107,297 · management and general $20,438

  • 7 · Other salaries and wages

    total $400,727 · program services $399,621 · management and general $1,106

  • 8 · Pension plan contributions

    total $21,322 · program services $21,322

  • 9 · Other employee benefits

    total $41,411 · program services $40,999 · management and general $412

  • 10 · Payroll taxes

    total $38,851 · program services $37,356 · management and general $1,495

  • 11b · Fees: legal

    total $101,218 · management and general $101,218

  • 11c · Fees: accounting

    total $25,988 · management and general $25,988

  • 11g · Fees: other

    total $83,417 · program services $83,417

  • 12 · Advertising and promotion

    total $75,421 · program services $75,421

  • 13 · Office expenses

    total $82,397 · program services $71,112 · management and general $11,285

  • 14 · Information technology

    total $13,540 · program services $13,540

  • 16 · Occupancy

    total $101,125 · program services $87,907 · management and general $13,218

  • 17 · Travel

    total $39,788 · program services $39,788

  • 19 · Conferences, conventions and meetings

    total $335,819 · program services $291,471 · management and general $44,348

  • 20 · Interest

    total $1,321 · management and general $1,321

  • 22 · Depreciation, depletion and amortization

    total $75,118 · program services $66,344 · management and general $8,774

  • 23 · Insurance

    total $213,937 · program services $213,504 · management and general $433

  • 24a · Other expenses: TRAINING

    total $88,604 · program services $88,604

  • 24b · Other expenses: AWARDS

    total $43,197 · program services $43,197

  • 24c · Other expenses: OTHER

    total $25,620 · program services $25,620

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $4,081 · program services $4,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,405 · end of year $110,562

  • 2 · Savings and temporary cash investments

    beginning of year $78,139 · end of year $79,468

  • 4 · Accounts receivable

    beginning of year $66,561 · end of year $72,117

  • 8 · Inventories for sale or use

    beginning of year $56,374 · end of year $56,209

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,219 · end of year $25,395

  • 10a · Land, buildings and equipment: cost or other basis

    $2,108,433

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,798,158

  • 10c · Land, buildings and equipment, net

    beginning of year $367,643 · end of year $310,275

  • 11 · Investments: publicly traded securities

    beginning of year $936,049 · end of year $990,118

  • 12 · Investments: other securities

    beginning of year $107,759 · end of year $110,294

  • 15 · Other assets

    beginning of year $59,151 · end of year $420,596

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,981 · end of year $210,022

  • 19 · Deferred revenue

    beginning of year $183,276 · end of year $172,022

  • 23 · Secured mortgages and notes payable

    beginning of year $48,622 · end of year $47,339

  • 25 · Other liabilities

    beginning of year $34,651 · end of year $27,096

  • 27 · Net assets without donor restrictions

    beginning of year $1,436,770 · end of year $1,718,555

Mission and programs · 2024

Mission

EXCHANGE, INSPIRING COMMUNITIES TO BECOME BETTER PLACES TO LIVE.

  • EDUCATE, IMPROVE, AND DEVELOP THE CAPABILITIES OF MEMBERS OF THE EXCHANGE CLUB TO BETTER SERVE THEIR COMMUNITIES AND IMPLEMENT THE PROGRAMS OF SERVICE OF THE EXCHANGE CLUB.

    Expenses $1,553,198 · Revenue $587,143

  • ADMINISTRATION OF THE PREVENTION OF CHILD ABUSE PROGRAM.

    Expenses $157,403

As filed on the 2024 return.

Listed in Part VII

  • David Johnson

    IMMEDIATE PAST NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 2 related
  • Tony Parish

    REGION 2 VP

    Total calculated
    $0
    Hours/week
    6
  • Paul Greatsinger

    REGION 12 VP

    Total calculated
    $0
    Hours/week
    6
  • Ken Sullivan

    NATIONAL TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Mike Reichek

    NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • John Blythe

    REGION 1 VP

    Total calculated
    $0
    Hours/week
    2
  • Annette Duncan

    REGION 3 VP

    Total calculated
    $0
    Hours/week
    4
  • Kevin Barker

    REGION 5 VP

    Total calculated
    $0
    Hours/week
    8
  • Julie Harman

    REGION 7 VP

    Total calculated
    $0
    Hours/week
    6
  • Joe Walsh

    REGION 9 VP

    Total calculated
    $0
    Hours/week
    6
  • Fussel Hughes

    REGION 10 VP

    Total calculated
    $0
    Hours/week
    6
  • Kara Wright

    REGION 11 VP

    Total calculated
    $0
    Hours/week
    6
  • Joe Dudek

    NATIONAL PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    6
  • Judi Hartman

    REGION 6 VP

    Total calculated
    $0
    Hours/week
    6
  • Tracey Edwards

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $127,336
    From this org
    $120,753
    From related orgs
    $0
    Other
    $6,583
    Hours/week
    40 + 10 related

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533149349302798

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