National Exchange Club
- Assets
- $171.0k
- Revenue
- $72.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brookhaven, MS
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 64-0361150
Organization Overview
National Exchange Club is located in Brookhaven, MS. The organization was established in 0000. 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 12/2021, National Exchange Club generated $72.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $61.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB PROVIDES THE CITY OF BROOKHAVEN, LINCLON COUNTY AND SURROUNDING AREAS A 14 ACRE PARK WITH PAVILIONS, PLAYGROUNDS, RESTROOMS, AND 2 BASEBALL FIELDS COMPLETELY OPEN AND FREE TO THE PUBLIC DAILY. THE CLUB ALSO SUPPORTS YOUTH PROJECTS. ADDITIONAL COMMUNITY SERVICES INCLUDES SPONSORSHIP FOR THE CHRISTMAS PARADE, DISPLAYING OVER 400 AMERICAN FLAGS IN THE CITY ON 6 HOLIDAYS EACH YEAR, FRUIT BAGS FOR THE NEEDY DURING THE CHRISTMAS SEASON, SCHOLARSHIPS FOR 4 QUALIFYING STUDENTS EACH YEAR, AND ANNUAL DONATIONS TO CHARITIES SUCH AS THE PREVENTION OF CHILD ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING 14 ACRE PARK FOR GENERAL PUBLIC, OPEN DAILY AND ADMISSION FREE
COMMUNITY SERVICE. THE CLUB DISPLAYS OVER 400 AMERICAN FLAGS IN BROOKHAVEN ON 6 HOLIDAYS A YEAR. THEY PASS OUT 3 TO 4 THOUSAND SMALL AMER FLAGS FOR KIDS TO WAVE DURING THE CHRISTMAS PARADE. THE CLUB GIVES FRUIT BAGS DURING THE HOLIDAY SEASON TO THE NEEDY AND OPERATES THE FAIR RIDES FOR NON PROFIT GROUPS TO HELP WITH THEIR FUNDRAISING PROJECTS. THESE GROUPS INCLUDE THE RELAY FOR LIFE CANCER RESEARCH AND THE MAKE A WISH FOUNDATION. ALSO THE CLUB SUPPORTS THE 4-H CLUBS AND RECOGNIZES PUBLICLY, PEOPLE OR GROUPS FOR THEIR GOLDEN DEEDS.
SCHOLARSHIP FOR COLLEGE TUITION FOR QUALIFYING STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Haag Treasurer | OfficerTrustee | 10 | $0 |
Charles Campbell Vice Preside | OfficerTrustee | $0 | |
Mike Walley President | OfficerTrustee | $0 | |
Margaret Glass Secretary | OfficerTrustee | $0 | |
Jonathan Noble Director | Trustee | $0 | |
Larry Mcfadden Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,975 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,249 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,762 |
| Interest | $0 |
| Payments to affiliates | $3,053 |
| Depreciation, depletion, and amortization | $6,107 |
| Insurance | $13,002 |
| All other expenses | $2,207 |
| Total functional expenses | $61,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $162,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $170,958 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $170,958 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $170,958 |
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