National Exchange Club
- Assets
- $252.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Fargo, ND
- Founding
- 09/1950
- Data as of
- 06/2023
- EIN
- 23-7224675
Organization Overview
National Exchange Club is located in West Fargo, ND. 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 06/2023, National Exchange Club generated $120.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $63.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
EXCHANGE, AMERICA'S SERVICE CLUB, IS A GROUP OF MEN AND WOMEN WORKING TOGETHER TO MAKE OUR COMMUNITIES BETTER PLACES TO LIVE THROUGH PROGRAMS OF SERVICE IN AMERICANISM, COMMUNITY SERVICE, YOUTH ACTIVITIES, AND ITS NATIONAL PROJECT, THE PREVENTION OF CHILD ABUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Lauritsen President- Elect | 2 | $0 | |
Chris Heise Secretary | 2 | $0 | |
Chad Rieth Treasurer | 2 | $0 | |
Jana Samek Board Member | 2 | $0 | |
Tammy Askew Board Member | 2 | $0 | |
Kevin Skoog Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $15,335 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $103,968 |
| Other Revenue | $1,491 |
| Total Revenue | $120,794 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,681 |
| Total expenses | $62,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $252,206 |
| Other assets | $0 |
| Total assets | $252,206 |
| Total liabilities | $0 |
| Net assets or fund balances | $252,206 |