National Exchange Club
- Assets
- $308.3k
- Revenue
- $90.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 09/1950
- Data as of
- 06/2022
- EIN
- 81-0250505
Organization Overview
National Exchange Club is located in Billings, MT. 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. 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 $90.5k 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 (6.6%) each year. All expenses for the organization totaled $51.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 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
PROMOTE CHARITABLE, RECREATIONAL AND EDUCATIONAL ACTIVITIES IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PAID GRANTS IN AMOUNTS LESS THEN $5,000 TO THE FOLLOWING ORGANIZATIONS DURING THE YEAR-END 6-30-2022:YELLOWSTONE BOYS AND GIRLS RANCH FOUNDATION $2,000BOYS & GIRLS CLUB $4,250FAMILY TREE CENTER $3,600HIGHLAND ELEMTARY PTSA $500YWCA $500KIDS' N COWBOYS $275
PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS
PROVIDED FUNDS FOR AWARDS AND A LUNCHEON TO HONOR AN OFFICER OF THE YEAR FROM THE BILLINGS POLICE DEPARTMENT, SHERIFF'S OFFICE AND HIGHWAY PATROL.
THE CLUB PROVIDED WRAPPED CHRISTMAS PRESENTS TO KINDERGARTEN THROUGH SECOND GRADERS AT THREE OF THE LOCAL LOW-INCOME GRADE SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Gaard President | OfficerTrustee | 1 | $0 |
Trent Gardner Past President | OfficerTrustee | 1 | $0 |
Jerry Theis President Elect | OfficerTrustee | 1 | $0 |
Krista Montague Vice President/secretary | OfficerTrustee | 1 | $0 |
Brianne Radovich Treasurer | OfficerTrustee | 1 | $0 |
Jan Pursell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,941 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,941 |
| Total Program Service Revenue | $0 |
| Investment income | $25,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,658 |
| Net Income from Gaming Activities | $208 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,548 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,391 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $856 |
| Information technology | $420 |
| 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 | $15,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,345 |
| All other expenses | $338 |
| Total functional expenses | $51,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,520 |
| Savings and temporary cash investments | $35,198 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $159,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,290 |
| 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 | $273,092 |
| Net assets with donor restrictions | $35,198 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $308,290 |
Grants Awarded
Over the last fiscal year, National Exchange Club has awarded $12,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA RESCUE MISSION PURPOSE: General Operating Expenses | $5,500 |
BILLINGS FOOD BANK PURPOSE: General Operating Expenses | $6,750 |