National Exchange Club
- Assets
- $77.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/1950
- Data as of
- 12/2022
- EIN
- 23-7006922
Organization Overview
National Exchange Club is located in Fort Worth, TX. The organization was established in 1950. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. National Exchange Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, National Exchange Club generated $178.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $182.1k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOLDS VARIOUS ACTIVITIES PROMOTING SOCIAL WELFARE IN THE COMMUNITY INCLUDING FUNDRAISING FOR THE GOODFELLOW FUND, AN ORGANIZATION WHICH DISTRIBUTES CHRISTMAS GIFTS TO NEEDY CHILDREN. FUNDRAISING INCLUDES AN ANNUAL LUNCHEON WHERE DONATIONS ARE MADE DIRECTLY TO THE GOODFELLOW FUND. BECAUSE THESE DONATIONS GO DIRECTLY TO THE GOODFELLOW FUND, THEY ARE NOT INCLUDED IN THE RECEIPTS AND PROGRAM EXPENSES SHOWN ON PAGE ONE OF THIS FORM 990EZ. IN 2022, THE MEMBERS RAISED $422,650. THESE ARE ALL PRIVATE DONATIONS AND THE DONORS GET A TAX STATEMENT DIRECTLY FROM THE STAR TELEGRAM AND THE GOODFELLOWS FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ginsburg Jan-Jun Chairman | 10 | $0 | |
Kelly Thompson Jan-Jun President | 10 | $0 | |
George Young Jan-Jun 1st VP | 1 | $0 | |
Glenn Darden Jan-Jun 2nd VP | 1 | $0 | |
Peter Philpott 3rd VP | 1 | $0 | |
Kelly Thompson Jul-Dec Chairman | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $93,780 |
| Membership dues | $84,520 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $178,300 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $36,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $145,335 |
| Total expenses | $182,135 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,929 |
| Other assets | $0 |
| Total assets | $77,929 |
| Total liabilities | $0 |
| Net assets or fund balances | $77,929 |