National Exchange Club
- Assets
- $81.3k
- Revenue
- $163.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Little Falls, MN
- Founding
- 09/1950
- Data as of
- 12/2021
- EIN
- 23-7009744
Organization Overview
National Exchange Club is located in Little Falls, MN. 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. As of 12/2021, National Exchange Club employed 8 individuals. 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 12/2021, National Exchange Club generated $163.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $134.2k during the year ending 12/2021. While expenses have increased by 11.5% 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.
Since 2017, National Exchange Club has awarded 29 individual grants totaling $251,120. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOR LOCAL BUSINESS PEOPLE TO GATHER AND DISCUSS LOCAL ISSUES AND HEAR PROGRAMS OF INTEREST TO THE COMMUNITY AND MANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND PROGRAMS - THE CLUB HELD WEEKLY MEETINGS WITH PROGRAMS RELATING TO COMMUNITY EVENTS AND VARIOUS OTHER ISSUES.
CLUB SOCIALS - ORGANIZED EVENTS SUCH AS THE CHRISTMAS PARTY, VALENTINE PARTY, PONTOON RIDES, SHOOTING SPORTS CLAYS AND FISHING OUTINGS.
THE BOY AND GIRL OF THE MONTH ARE SELECTED BY THE SCHOOL EACH OF THE NINE MONTHS AND THE BOY AND GIRL OF THE YEAR ARE SELECTED BY THE SCHOOL FROM THOSE 18 INDIVIDUALS IN THE LAST MONTH OF THE SCHOOL YEAR ON BEHALF OF THE EXCHANGE CLUB. 2- $2,000 AND 16- $100 SCHOLARSHIPS ARE GIVEN. $5,600 TOTAL. APPLICATIONS ARE SUBMITTED AND ONE IS CHOSEN TO RECEIVE THE AWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Quinn President | OfficerTrustee | 1 | $0 |
Scott Wonderlich Vice President | OfficerTrustee | 1 | $0 |
Robb Orr Treasurer | OfficerTrustee | 1 | $0 |
Shawn Flavin Secretary | OfficerTrustee | 1 | $0 |
Josh Dahl Director | Trustee | 1 | $0 |
Jon Vetter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,817 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,031 |
| Total Program Service Revenue | $1,168 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $151,993 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,494 |
| 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 | $160 |
| 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 | $10 |
| 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 | $6,638 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,920 |
| Total functional expenses | $134,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,155 |
| 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 | $81,324 |
| 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 | $1,347 |
| Total liabilities | $1,347 |
| 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 | $79,977 |
| Total liabilities and net assets/fund balances | $81,324 |
Grants Awarded
Over the last fiscal year, National Exchange Club has awarded $98,520 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LITTLE FALLS PURPOSE: CHARITABLE PURPOSES | $20,000 |
St Cloud, MN PURPOSE: CHARITABLE PURPOSES | $15,000 |
Little Falls, MN PURPOSE: CHARITABLE PURPOSES | $11,150 |
Little Falls, MN PURPOSE: CHARITABLE PURPOSES | $10,370 |
MORRISON COUNTY SHERIFF'S DEPT PURPOSE: CHARITABLE PURPOSES | $8,500 |
Little Falls, MN PURPOSE: CHARITABLE PURPOSES | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunger Task Force Inc Milwaukee, WI | $33,494,491 | $39,896,159 |
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
International Association Of Lions Clubs Fridley, MN | $197,690 | $14,146,394 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
Center City Housing Corporation Duluth, MN | $35,739,418 | $8,813,039 |
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Rural Office Of Community Services Wagner, SD | $1,371,627 | $8,326,343 |
Community Action Partnership Of Hennepin County St Louis Park, MN | $782,204 | $7,196,325 |
Headwaters Foundation For Justice Minneapolis, MN | $27,986,426 | $15,004,954 |
Species360 Minneapolis, MN | $9,065,398 | $6,225,506 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |
Ne South Dakota Community Action Program Inc Sisseton, SD | $10,163,579 | $4,453,271 |