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Nonprofiteer
← NATIONAL EXCHANGE CLUB

Form 990 for tax year 2023

Filed by NATIONAL EXCHANGE CLUB.

Totals

Total revenue
$549,540
Total expenses
$540,031
Contributions and grants received
$209,217
Grants paid
$325,340
Program service revenue
$300,000
Investment income
$6,584
Other revenue
$33,739
Total assets, end of year
$171,077
Total liabilities, end of year
$35,497
Net assets or fund balances, end of year
$135,580
Program services expenses (Part IX)
$325,340
Management and general expenses
$214,691
Fundraising expenses
$0
Program service expenses (Part III)
$325,340

Program services were 60.2% 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

    $117,759

  • 1c · Fundraising events

    $49,390

  • 1d · Related organizations

    $42,000

  • 1f · All other contributions, gifts and grants

    $68

  • 2a · Program service revenue: Community service income

    total $300,000

  • 3 · Investment income

    total $6,584

  • 8a · Fundraising events: gross income

    $97,768

  • 8a · Fundraising events: contributions included on line 1c

    $49,390

  • 8b · Fundraising events: direct expenses

    $64,029

  • 8c · Net income from fundraising events

    total $33,739

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $325,340 · program services $325,340

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: DUES

    total $21,274 · management and general $21,274

  • 24b · Other expenses: MEMBERSHIP AND MEETINGS

    total $193,417 · management and general $193,417

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,681

  • 2 · Savings and temporary cash investments

    beginning of year $148,647 · end of year $167,497

  • 4 · Accounts receivable

    beginning of year $5,486 · end of year $3,580

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,945 · end of year $32,077

  • 25 · Other liabilities

    beginning of year $3,845 · end of year $3,420

  • 31 · Retained earnings, endowment or other funds

    beginning of year $149,024 · end of year $135,580

Mission and programs · 2023

Mission

To promote active participation in the program of service of the National Exchange Club for the betterment of the community.

  • American citizenship Freedom shrine, give a kid a flag to wave, national defense etc.

    Expenses $9,090

  • Community servicecrime prevention, senior citizens, prevention of child abuse

    Expenses $239,631

  • Youth programsAcademic bowl, youth of the year, scholarships

    Expenses $76,619

As filed on the 2023 return.

Listed in Part VII

  • Michael Kearney

    President Elect

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Legare Clement

    Past President

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Edward D Dawson

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Art Beane

    Vice President

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • Bruce Root

    Diector

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Anthony Giuliani

    President

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • Samuel Litchfield

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • William F Schupp Jr

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • David L Kaufman

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • A Tyler Bergin

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Duncan Townsend

    Secretary

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • Jim Davis

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Daniel G Isgett

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • David W Johnson

    Treasurer

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • Kenneth Battle

    Vice President

    Total calculated
    $0
    Hours/week
    10 + 1 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

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521229349300937

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