National Exchange Club
- Assets
- $1.6m
- Revenue
- $137.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 09/1950
- Data as of
- 06/2021
- EIN
- 95-6051392
Organization Overview
National Exchange Club is located in Newport Beach, CA. 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 06/2021, National Exchange Club generated $137.4k 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 (31.5%) each year. All expenses for the organization totaled $141.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Exchange Club has awarded 45 individual grants totaling $420,329. 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
SERVE THE CITIZENS AND YOUTH OF OUR COMMUNITY VIA DIRECT CONTRIBUTIONS AND SERVICE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACE AWARD: DONATIONS TO STUDENTS FOR SECONDARY EDUCATION IN CASES WHERE THE STUDENTS HAVE OVERCOME SERIOUS MENTAL HEALTH, PHYSICAL HEALTH, OR ABUSIVE OBSTACLES. THE STUDENTS COULD NOT ATTEND COMMUNITY COLLEGE WITHOUT OUR DONATIONS.
YOUTH OF THE YEAR: DONATIONS TO HIGH SCHOOL STUDENTS WHO HAVE PERFORMED DISTINGUISHED SERVICE TO THEIR COMMUNITY AND SCHOOL AND HAVE EXCELLED ACADEMICALLY. AWARDS TO 1 BOY AND 1 GIRL FROM EACH OF THE 4 AREA HIGH SCHOOLS.
CAP CENTER: DONATION TO CHILD ABUSE PREVENTION CENTER TO PROMOTE THEIR ACTIVITIES TO DIRECTLY SERVE AT-RISK CHILDREN AND FAMILIES IN CRISIS TO PREVENT AND BREAK THE GENERATIONAL CYCLE OF CHILD ABUSE.
$4,600 EXCHANGE CLUB FAMILY SUPPORT CENTER$1,000 NEWPORT BEACH POLICE FOUNDATION$6,000 NEWPORT MESA SCHOOL FOUNDATION$3,170 AMERICAN LEGION POST 291$10,000 OTHER LOCAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Wood Treasurer | Officer | 20 | $4,800 |
Richard Swinney Secretary | Officer | 12 | $3,000 |
Ken Dufour President Past | Officer | 8 | $0 |
George Lesley President | Officer | 20 | $0 |
Mitch Mitchell Vice President-Programs | Officer | 6 | $0 |
Mike Gertner President Elect | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,889 |
| Fundraising events | $26,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,589 |
| Total Program Service Revenue | $0 |
| Investment income | $17,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,052 |
| Grants and other assistance to domestic individuals. | $47,381 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,800 |
| Compensation of current officers, directors, key employees. | $7,800 |
| 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 | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,915 |
| Fees for services: Other | $0 |
| Advertising and promotion | $375 |
| Office expenses | $1,719 |
| 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 | $16,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,872 |
| All other expenses | $3,908 |
| Total functional expenses | $141,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,099 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $1,526,820 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,088 |
| Total assets | $1,587,007 |
| Accounts payable and accrued expenses | $942 |
| 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 | $5,975 |
| Total liabilities | $6,917 |
| 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 | $1,580,090 |
| Total liabilities and net assets/fund balances | $1,587,007 |
Grants Awarded
Over the last fiscal year, National Exchange Club has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Balboa Island, CA PURPOSE: TO PRESERVE BALBOA ISLAND HERITAGE AND ITS SENSE OF COMMUNITY. | $10,000 |
Newport Beach, CA PURPOSE: TO AUGMENT NEEDED INSTRUCTIONAL PROGRAMS IN THE SCHOOL DISTRICT'S PUBLIC SCHOOLS. | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For A Better Future Inc Sacramento, CA | $12,452,035 | $69,118,422 |
Municipal Improvement Corporation Of Los Angeles Los Angeles, CA | $2,097,815,264 | $70,901,113 |
Benson House Inc Ontario, CA | $11,925,572 | $18,491,625 |
Community Services Agency Reno, NV | $7,843,023 | $11,495,915 |
Fresno Building Healthy Communities Fresno, CA | $7,681,991 | $11,111,006 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $4,731,702 | $8,492,805 |
Native Americans For Community Action Inc Flagstaff, AZ | $13,508,728 | $5,982,716 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $89,343,424 | $8,414,379 |
Foothill Ranch Maintenance Corporation Irvine, CA | $3,077,161 | $4,440,100 |
Pilipino Workers Center Of Southern Los Angeles, CA | $1,734,132 | $5,015,376 |
Southwest District Kiwanis Foundation Carefree, AZ | $3,902,018 | $3,838,305 |
Benevolent & Protective Order Of Elks Of The Usa Honolulu, HI | $18,759,259 | $3,966,966 |