Exchange Club Of Lake Highlands Inc
- Assets
- $1.1m
- Revenue
- $329.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1991
- Data as of
- 06/2022
- EIN
- 75-2354560
Organization Overview
Exchange Club Of Lake Highlands Inc is located in Dallas, TX. The organization was established in 1991. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exchange Club Of Lake Highlands Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Exchange Club Of Lake Highlands Inc generated $329.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $295.1k during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE EXCHANGE CLUB IS TO PROVIDE PUBLIC SUPPORT FOR COMMUNITY ACTIVITIES IN THE LAKE HIGHLANDS AREA OF DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXCHANGE CLUB PROVIDES ACADEMIC SCHOLARSHIPS TO STUDENTS OF LAKE HIGHLANDS HIGH SCHOOL BASED ON VARIOUS ACADEMIC MEASURES INCLUDING GPA, EXTRACURRICULAR ACTIVITIES, AND COMMUNITY SERVICE. APPLICATIONS ARE AVAILABLE TO ALL STUDENTS.
ECLH CLUB WEEKLY MEMBERSHIP BREAKFASTS WITH GUEST SPEAKERS FROM THE COMMUNITY; EXCHANGE CLUB NATIONAL AND DISTRICT MEMBERSHIP EXPENSES; ECLH BOARD MEETING EXPENSES; ANNUAL HOLIDAY PARTY EXPENSES; AND OFFICER INDUCTION DINNER EXPENSES.
THE EXCHANGE CLUB RECOGNIZES STUDENTS AND OTHER MEMBERS OF THE COMMUNITY FOR OUTSTANDING CONTRIBUTIONS AND EFFORTS FOR THE COMMUNITY AS A WHOLE.
THE MISSION OF THE EXCHANGE CLUB IS TO PROVIDE MONIES TO VARIOUS COMMUNITY ORGANIZATIONS INCLUDING LOCAL CHILD ABUSE PREVENTION CENTERS, TO PROVIDE FINANCIAL SUPPORT FOR LOCAL SCHOOL INITIATIVES, AND TO PROVIDE THANKSGIVING HOLIDAY MEALS TO NEEDY STUDENTS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Walne President | OfficerTrustee | 10 | $0 |
Chris Brown Past President | OfficerTrustee | 5 | $0 |
Carlin Volkmer President - Elect | OfficerTrustee | 5 | $0 |
Doug Rabe Treasurer | OfficerTrustee | 5 | $0 |
Raymond Fischer Secretary | OfficerTrustee | 5 | $0 |
Bill Boyd VP Programs | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,964 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,677 |
| Total Program Service Revenue | $105,735 |
| Investment income | $18,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,422 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,121 |
| Grants and other assistance to domestic individuals. | $162,069 |
| 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 | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,905 |
| Office expenses | $2,695 |
| Information technology | $269 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $873 |
| All other expenses | $1,315 |
| Total functional expenses | $295,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,391 |
| 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 | $0 |
| Investments—publicly traded securities | $740,745 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,084,524 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $150,500 |
| 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 | $150,500 |
| Net assets without donor restrictions | $271,114 |
| Net assets with donor restrictions | $662,910 |
| 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 | $1,084,524 |
Grants Awarded
Over the last fiscal year, Exchange Club Of Lake Highlands Inc has awarded $37,240 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AUDELIA ROAD LIBRARY FRIENDS PURPOSE: to fund the purchase of family computer workstations at the library. | $7,000 |
THURGOOD MARSHALL ELEMENTARY SCHOOL PTA PURPOSE: to fund the purchase of Saxon Phonics for the school children. | $5,740 |
LAKE HIGHLANDS HIGH SCHOOL PURPOSE: to fund the purchase of sweatshirts for the 2022-2023 school year for the AVID Club | $6,000 |
NORTHLAKE ELEMENTARY SCHOOL PTA PURPOSE: to fund the purchase of benches for the front of the school. | $6,000 |
SKYVIEW ELEMENTARY SCHOOL PTA PURPOSE: to fund the purchase of 200 folding chairs and storage racks for new auditorium. | $12,500 |