National Exchange Club
- Assets
- $122.0k
- Revenue
- $173.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 09/1950
- Data as of
- 06/2022
- EIN
- 04-6192867
Organization Overview
National Exchange Club is located in Needham, MA. 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 06/2022, National Exchange Club generated $173.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $219.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CLUB IS TO PROVIDE SERVICES TO THE ENTIRE NEEDHAM COMMUNITY, HONOR THE COUNTRY, AND BUILD LEADERHIP FOR THE TOWN OF NEEDHAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING THE 4TH OF JULY PARADE AND COMMUNITY ACTIVITIES FOR THE 4TH OF JULY
COMMUNITY GRANTS TO WORTHY MUNICIPAL AND CHARITABLE ORGANIZATIONS
YOUTH PROGRAMS - SCHOLARSHIPS AND AWARDS FOR STUDENTS IN THE NEEDHAM COMMUNITY THAT HAVE DEMONSTRATED ACHEVEMENTS IN SCHOLARSHIP, DEALING WITH ADVERSITY OR COMMUNITY SERVICE.
COMMUNITY CONTRIBUTIONS BENEFITTING MANY PEOPLE IN THE TOWN OF NEEDHAM. AMOUNTS SPENT OR GIVEN INCLUDE FUNDS FOR REPAIRING TOWN PROPERTY, PROVIDING SENIOR WITH A MYSTERY TRIP, CONTRIBUTIONS TO THE PUBLIC SAFETY DEPARTMENTS FOR PUBLIC SAFFETY, CONTRIBUTIONS TO LOCAL CHARITABLE ORGANIZATIONS, CHILD ABUSE PREVENTION PROGRAMS, AUPPORTING PATRIOTISM, AND MANY MORE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reulbach President | Officer | 10 | $0 |
John Terry Treasurer | Officer | 10 | $0 |
Ann Macfate Secretary | Officer | 2 | $0 |
Matthew Borrelli President Elect | Officer | 2 | $0 |
Paul Deeley Director | Trustee | 2 | $0 |
Keith Laface Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,257 |
| 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 | $50,257 |
| Total Program Service Revenue | $88,429 |
| Investment income | $542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,745 |
| Grants and other assistance to domestic individuals. | $12,500 |
| 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 | $750 |
| 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 | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,672 |
| All other expenses | $3,667 |
| Total functional expenses | $219,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,044 |
| Savings and temporary cash investments | $119,937 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,981 |
| 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 | $0 |
| 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 | $121,981 |
| Total liabilities and net assets/fund balances | $121,981 |
Grants Awarded
Over the last fiscal year, National Exchange Club has awarded $30,745 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES RIVER ASSOCIATION FOR RETARDED CITIZENS INC DBA CHARLES RIVER CENTE Org PageRecipient ProfileNeedham, MA PURPOSE: SUPPORT FOR THE ORGANIZATION PRINCIPALLY FROM THE GOLF TOURNAMENT | $18,350 |
Needham, MA PURPOSE: SUPPORT FOR THE ORGANIZATION CHILD ABUSE PREVENTION FUNDING | $12,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thames Valley Council For Community Action Inc Jewett City, CT | $13,514,685 | $42,090,218 |
B H R A G S Homecare Inc Brooklyn, NY | $22,952,374 | $39,112,109 |
Coalition For Hispanic Family Ser Brooklyn, NY | $9,747,863 | $28,088,476 |
Community Programs Of Westchester Jewish Community Services White Plains, NY | $12,138,978 | $16,937,661 |
Sunnyside Community Services Inc Long Island City, NY | $7,213,077 | $15,496,475 |
The B E L L Foundation Inc Westwood, MA | $26,190,550 | $19,692,109 |
Marshall Project Inc New York, NY | $18,747,646 | $15,174,508 |
Nassau-Suffolk Law Services Committee Inc Hempstead, NY | $5,326,603 | $11,194,760 |
Mercy Flight Central Inc Canandaigua, NY | $14,339,659 | $14,213,717 |
Here To Here Foundation Inc Bronx, NY | $10,262,789 | $1,365,332 |
Arab-American Family Support Center Inc Brooklyn, NY | $5,221,623 | $9,617,886 |
Asian Americans For Equality Inc New York, NY | $26,601,430 | $8,393,675 |