National Exchange Club
- Assets
- $61.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hampton, VA
- Founding
- 12/1972
- Data as of
- 06/2022
- EIN
- 54-0898902
Organization Overview
National Exchange Club is located in Hampton, VA. The organization was established in 1972. 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. 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 06/2022, National Exchange Club generated $33.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $27.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 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 |
|---|---|---|---|
Philip Everhart President | 10 | $0 | |
James Puckett Treasurer | 10 | $0 | |
Vickie Servais Secretary | 10 | $0 | |
Michael Schetting Immediate Past President | 10 | $0 | |
Bob Gurley Director | 1 | $0 | |
Joyce Peacock Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,931 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $142 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,089 |
| Other Revenue | $0 |
| Total Revenue | $33,162 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $222 |
| Other expenses | $0 |
| Total expenses | $27,560 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,991 |
| Other assets | $0 |
| Total assets | $60,991 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,991 |
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