National Exchange Club
- Assets
- $144.9k
- Revenue
- $261.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Billings, MT
- Founding
- 09/1950
- Data as of
- 06/2024
- EIN
- 81-0376874
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. As of 06/2024, National Exchange Club employed 2 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 06/2024, National Exchange Club generated $261.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $231.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, National Exchange Club has awarded 16 individual grants totaling $164,495. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY SERVICE PROJECTS, PATRIOTISM EVENTS, AND BASIC SERVICES FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND ALLOCATE FUNDS TO LOCAL ORGANIZATIONS THAT SERVE AND SUPPORT A VARIETY OF PROGRAMS AND ACTIVITIES DESIGNED TO BENEFIT THE COMMUNITY AND SURROUNDING AREA. EXAMPLES INCLUDE CRIME PREVENTION PROGRAMS, PREVENTION OF ELDER ABUSE, ADOPT-A-COP, KIDS WITH CANCER, YMCA CLUB, BOYS & GIRLS CLUB, AND BIG BROTHER-BIG SISTER.
PROVIDE AND ALLOCATE FUNDS THAT ENABLE LOCAL SCHOOLS AND CHILDREN ADVOCACY ORGANIZATIONS TO IDENTIFY THOSE CHILDREN WHO NEED FINANCIAL ASSISTANCE FOR MEDICAL AND DENTAL CARE. IN ADDITION, FUNDS ARE PROVIDED TO ORGANIZATIONS THAT SERVE THE NEEDS OF TROUBLED TEENS, AND PROVIDE CLOTHING ASSISTANCE TO CHILDREN IN NEED DURING THE HOLIDAYS.
PROVIDE AND ALLOCATE FUNDS TO PRESENT ACTIVITIES AND SUPPORT PROGRAMS THAT PROMOTE PATRIOTISM AND CITIZENSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Flemming Events Manager | Officer | 10 | $41,098 |
Ed Kaufman Treasurer | Officer | 3 | $14,359 |
Shawnee Krauszer President Elect | Officer | 2 | $0 |
Dina Harmon President | Officer | 2 | $0 |
Shannon Johnson Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,539 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,247 |
| Total Program Service Revenue | $0 |
| Investment income | $3,560 |
| 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 | $0 |
| Net Income from Sales of Inventory | $179,276 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,640 |
| 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 | $55,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $910 |
| Office expenses | $6,662 |
| 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 | $42,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $606 |
| All other expenses | $1,206 |
| Total functional expenses | $231,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,913 |
| Savings and temporary cash investments | $98,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,207 |
| 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 | $144,916 |
| 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 | $6,409 |
| Total liabilities | $6,409 |
| Net assets without donor restrictions | $138,507 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $144,916 |
Grants Awarded
Over the last fiscal year, National Exchange Club has awarded $61,070 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUBYELLOWSTONE CTY | | | $6,200 |
SALVATION ARMY-DRESS A CHILD | | | $9,000 |
FAMILY SERVICE INC | | | $5,000 |
BIG BROTHERS AND BIG SISTERS | | | $5,000 |
THE FAMILY TREE CENTER | | | $30,500 |
BREAKFAST EXCHANGE CLUB FOUNDATION | | | $5,370 |