7x24 Exchange Of The Carolinas Inc
- Assets
- $184.8k
- Revenue
- $147.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 12/2022
- EIN
- 20-0631512
Organization Overview
7x24 Exchange Of The Carolinas Inc is located in Greensboro, NC. 7x24 Exchange Of The Carolinas Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, 7x24 Exchange Of The Carolinas Inc generated $147.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $117.3k during the year ending 12/2022. While expenses have increased by 5.9% 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
TO BE THE LEADING KNOWLEDGE EXCHANGE FOR THOSE WHO DESIGN, BUILD, MAINTAIN, AND USE MISSION-CRITICAL ENTERPRISE INFORMATION INFRASTRUCTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FORUM FOR MEMBERS TO IMPROVE THE END-TO-END RELIABILITY BY PROMOTING DIALOGUE AMONG THOSE WHO DESIGN,BUILD, MAINTAIN, AND USE MISSION-CRITICAL ENTERPRISE INFORMATION INFRASTRUCTURES THROUGH CHAPTER MEETINGS.
PROVIDE A FORUM FOR MEMBERS TO IMPROVE THE END-TO-END RELIABILITY BY PROMOTING DIALOGUE AMONG THOSE WHO DESIGN,BUILD, MAINTAIN, AND USE MISSION-CRITICAL ENTERPRISE INFORMATION INFRASTRUCTURES THROUGH CHAPTER MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Faccone Vice Preside | Trustee | 5 | $0 |
Vali Sorell President | Trustee | 5 | $0 |
Robin Daly Executive Di | Trustee | 5 | $0 |
Ravi Sastry Treasurer/se | Trustee | 5 | $0 |
Jeff Farlow Director | Trustee | 5 | $0 |
David Knight Director | Trustee | 5 | $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 | $160,085 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,618 |
| 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 | $4,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,640 |
| 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 | $74,636 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,162 |
| Total functional expenses | $117,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,525 |
| 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 | $6,630 |
| 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 | $184,801 |
| Accounts payable and accrued expenses | $208 |
| Grants payable | $0 |
| Deferred revenue | $29,800 |
| 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 | $30,008 |
| Net assets without donor restrictions | $154,793 |
| 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 | $184,801 |
Grants Awarded
Over the last fiscal year, 7x24 Exchange Of The Carolinas Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WAKE TECH FOUNDATION PURPOSE: SCHOLARSHIPS | $5,000 |
CLEVELAND CC FOUNDATION PURPOSE: SCHOLARSHIPS | $5,000 |