TY 2021 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
NATIONAL EXCHANGE CLUB
1527 WATERLOO IA aka Waterloo Exchange Club

Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 1404
Room/suite

City or town, state or province, country, and ZIP or foreign postal code WATERLOO, IA50704

D Employer identification number

42-6121481

E Telephone number

(319) 240-8103

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? To work towards the prevention of child abuse and promote youth activities
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 To Work towards prevention of child abuse (Exchange's National Program of Service) and promote youth activities (Grants $ 6,000) If this amount includes foreign grants, check here ...			28a	9,455
29 To promote citizenship and community betterment activities (Grants $ 0) If this amount includes foreign grants, check here ...			29a	6,672
30 To promote membership education and officer training to facilitate and enhance the programing of the organization and enhance the positive impact to the community. (Grants $ 0) If this amount includes foreign grants, check here ...			30a	4,886
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	21,013

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
Pam Wright Board President	4.00	0	0	0
Sandi Sommerfelt President Elect	2	0	0	0
Matt Trueg Vice President	1	0	0	0
Teri Miller Secretary	2	0	0	0
John Speas Treasurer	2	0	0	0
Mike Knapp Past President	0	0	0	0
Maggie Burger Director	0	0	0	0
Dustin Fadiga Director	0	0	0	0
Lon Kammeyer Director	0	0	0	0
Brian Lynch Director	0	0	0	0
Jillian Rutledge Director	0	0	0	0
Michelle Temeyer Director	0	0	0	0

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I

40b

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Return Reference	Explanation
Form 990-EZ, Part I, Line 10	Grant to Family and Childrens Council of Black Hawk Cnty - contribution $6000 316 W 5th St Waterloo IA 50701
Form 990-EZ, Part I, Line 16	Educational training exp $4886 Insurance $230 National and District Dues $5800 Members' Meeting Meals $15689 Misc Club exp $1302 Supplies and Office exp $603 Service Awards $154 Youth Program Activities $3455 Community Service Program Activities $5550 Americanism Program Activities $637 First Responders Activities $485 Total $38791
Form 990-EZ, Part I, Line 20	Change in fund balance to balance -$1674

Return Reference

Explanation

Form 990-EZ, Part I, Line 10

Grant to Family and Childrens Council of Black Hawk Cnty - contribution $6000 316 W 5th St Waterloo IA 50701

Form 990-EZ, Part I, Line 16

Educational training exp $4886 Insurance $230 National and District Dues $5800 Members' Meeting Meals $15689 Misc Club exp $1302 Supplies and Office exp $603 Service Awards $154 Youth Program Activities $3455 Community Service Program Activities $5550 Americanism Program Activities $637 First Responders Activities $485 Total $38791

Form 990-EZ, Part I, Line 20

Change in fund balance to balance -$1674

1	Contributions, gifts, grants, and similar amounts received ....................	1	0
2	Program service revenue including government fees and contracts ................	2	0
3	Membership dues and assessments .............................	3	19,751
4	Investment income ....................................	4	0
5a	Gross amount from sale of assets other than inventory .......	5a	0
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c	0
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a	0
b	Gross income from fundraising events (not including $ 0 of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	145,233
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d	145,233
7a	Gross sales of inventory, less returns and allowances ......	7a	0
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c	0
8	Other revenue (describe in Schedule O) ....................	8	0
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	164,984

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	120,193
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	27,470
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20	-1,674
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	145,989

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	21013178
Software Version:	v1.00

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

10	Grants and similar amounts paid (list in Schedule O) ................	10	6,000
11	Benefits paid to or for members ......................	11	0
12	Salaries, other compensation, and employee benefits ................	12	0
13	Professional fees and other payments to independent contractors ............	13	0
14	Occupancy, rent, utilities, and maintenance ...................	14	0
15	Printing, publications, postage, and shipping ...................	15	0
16	Other expenses (describe in Schedule O) ...................	16	38,791
17	Total expenses. Add lines 10 through 16 .................	17	44,791

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










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