National Exchange Club
- Assets
- $31.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 09/1950
- Data as of
- 06/2023
- EIN
- 41-6039640
Organization Overview
National Exchange Club is located in Rochester, MN. The organization was established in 1950. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations 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 06/2023, National Exchange Club generated $25.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $40.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Linander President | 3 | $0 | |
Richard Radke Secretary | 1 | $0 | |
Trisha White Treasurer | 5 | $0 | |
Cathy Swessel Past President | 1 | $0 | |
Dave Gibson Director | 1 | $0 | |
Steve Larson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $417 |
| Total Program Service Revenue | $0 |
| Membership dues | $15,423 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,917 |
| Other Revenue | $0 |
| Total Revenue | $25,757 |
| 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 | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,897 |
| Total expenses | $40,199 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,612 |
| Other assets | $0 |
| Total assets | $31,612 |
| Total liabilities | $11,000 |
| Net assets or fund balances | $20,612 |