National Exchange Club
- Assets
- $0.0
- Revenue
- $27.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Negaunee, MI
- Founding
- 09/1950
- Data as of
- 06/2022
- EIN
- 23-7005762
Organization Overview
National Exchange Club, operating under the name Exchange Club Of Marquette County, is located in Negaunee, MI. 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. Exchange Club Of Marquette County 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, Exchange Club Of Marquette County generated $27.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $31.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 3 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
TO PROMOTE ACTIVE PARTICIPATION IN THE PROGRAM OF SERVICE OF THE NATIONAL EXCHANGE CLUB AND ITS NATIONAL PROJECT, THE PREVENTION OF CHILD ABUSE FOR THE BETTERMENT OF THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED $4000 TO THE MARQUETTE 4TH OF JULY COMMITTEE
ALL OTHER GRANTS AND EXPENSES
DONATED $1300 TO THE LITTLE BROTHERS FRIENDS OF THE ELDERLY
DONATED $1500 TO MARQUETTE COUNTY SEARCH AND RESCUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geno Angeli President | Officer | 4 | $0 |
Mary Ritter Vice President | Officer | 1 | $0 |
Jodi Thams Secretary | Officer | 2 | $0 |
James H Ingle Treasurer | Officer | 3 | $0 |
Dave Schneider Past President | Officer | 1 | $0 |
Tony Giorgianni Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,224 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,092 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $639 |
| Office expenses | $70 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $0 |
| Payments to affiliates | $1,857 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $185 |
| All other expenses | $0 |
| Total functional expenses | $31,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |