National Exchange Club
- Assets
- $218.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, NH
- Founding
- 09/1950
- Data as of
- 06/2024
- EIN
- 02-0375900
Organization Overview
National Exchange Club is located in Salem, NH. 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 06/2024, National Exchange Club generated $143.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $105.8k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3
AID TO FOOD PANTRIES, CHILD ABUSE PREVENTION, FAMILIES IN NEED AND PROMOTE AMERICAN CITIZENRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Morgano President | 2 | $0 | |
Nicole Nussdorf Secretary | 2 | $0 | |
Denise Perrault Treasurer | 2 | $0 | |
Anne Whalen President Elect | 2 | $0 | |
Robert Chapman Director | 2 | $0 | |
Larry Seaman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,495 |
| Total Program Service Revenue | $37,098 |
| Membership dues | $11,310 |
| Investment income | $2,351 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $89,907 |
| Other Revenue | $0 |
| Total Revenue | $143,161 |
| 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 | $425 |
| Occupancy, rent, utilities, and maintenance | $760 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $104,573 |
| Total expenses | $105,758 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $218,039 |
| Other assets | $0 |
| Total assets | $218,039 |
| Total liabilities | $2,059 |
| Net assets or fund balances | $215,980 |