National Exchange Club

The information for National Exchange Club is as of the organization's most recent filing in December '21. This organization is located in Fort Worth, TX. It has been in existence for 71 years, following its founding in 1950.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The National Exchange Club's NTEE code is S80. The "S" tells us that the organization is classified along with Community Service Clubs. The "80" tells us that the organization is focused on Community Improvement & Capacity Building. The NTEE describes Community Service Clubs as organizations whose members are business and professional men and/or women or other individuals who have a common interest in improving the life of the community. These clubs conduct fund-raising events to finance community service projects. The National Exchange Club falls under the C Section Code 4, which includes Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.

Program Areas

The general fund of the organization encompasses a range of activities aimed at promoting social welfare in the community. These activities include fundraising for the Goodfellow Fund, an organization dedicated to providing Christmas gifts to underprivileged children. One of the fundraising initiatives is an annual luncheon where donations are made directly to the Goodfellow Fund. As these donations are not included in the receipts and program expenses reported on page one of the Form 990EZ, they fall under the purview of the general fund. In 2021, the members of the organization raised a remarkable $489,200 through private donations, setting a new record. Donors receive tax statements directly from the Star Telegram and Goodfellow Fund.

Organization Staffing

The National Exchange Club is run by Randy Gideon Jan-Jun, who is the President of the organization. The organization does not have any employees and there are no employees paid over $100k per year. However, the organization is supported by 42 volunteers.

Organization Growth

The National Exchange Club nonprofit organization has not grown over the given time period. Contributions and grants received remained the same at $108.8K in 2016. Program service revenue decreased from $80.0K in 2015 to $30.8K in 2021. Total revenue also decreased from $163.1K in 2015 to $110.0K in 2021. Other revenue and employee salaries remained the same at $30 in 2016 and $36.6K in 2016, respectively. Benefits paid to members and total expenses remained the same at $0 in 2016 and $216.4K in 2016, respectively. The total number of volunteers also remained the same at 42 in 2016. Therefore, there is no evidence of growth in any of the relevant aspects of the organization over the given time period.