National Exchange Club
- Assets
- $75.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ellington, CT
- Founding
- 09/1950
- Data as of
- 09/2021
- EIN
- 06-6108607
Organization Overview
National Exchange Club is located in Ellington, CT. 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 09/2021, National Exchange Club generated $53.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $29.1k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
COMMUNITY BENEFIT PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Hill President | 10 | $0 | |
Michael Swanson Vice President | 10 | $0 | |
Nicole Vasseur Secretary | 10 | $0 | |
Sonja Starkel Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $586 |
| Total Program Service Revenue | $0 |
| Membership dues | $16,280 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $36,544 |
| Other Revenue | $0 |
| Total Revenue | $53,429 |
| 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 | $21,459 |
| Total expenses | $29,079 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,947 |
| Other assets | $0 |
| Total assets | $75,167 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,167 |
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