Nonprofit · EIN 23-7004603
NATIONAL EXCHANGE CLUB
Also known as 1169 MAGNOLIA CENTER-RIVERSIDE CLUB
Tax-exempt · RIVERSIDE, CA 92516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $51,887 | $39,573 | $12,314 | $62,869 | $0 | $62,869 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Membership dues
- $32,628
- Investment income
- $329
- Net income from fundraising events
- $18,930
Expenses
- Grants and similar amounts paid
- $15,200
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $25
- Other expenses
- $24,348
- Program services (functional)
- $22,065
Balance sheet and other
- Total assets, start of year
- $50,555
- Total assets, end of year
- $62,869
- Total liabilities, end of year
- $0
- Net assets, end of year
- $62,869
- Cash, savings and investments
- $62,869
- Gross receipts
- $70,955
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUG JACOBS | DIRECTOR | 2 | $0 |
| JAKE JESSER | DIRECTOR | 2 | $0 |
| ED ADKISON | DIRECTOR | 4 | $0 |
| MARK ELLIOTT | DIRECTOR | 3 | $0 |
| HARRY KURANI | DIRECTOR | 3 | $0 |
| IVAN NAVARRO | PRESIDENT | 5 | $0 |
| JAMES LOVESTROM | SECRETARY TREASURER | 7 | $0 |
| CRAIG KODAT | VICE PRESIDENT | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2446, RIVERSIDE, CA 92516-2446
- In care of
- % JIM LOVESTROM
- Mailing address (990-N for 2023)
- PO BOX 2446, Riverside CA 92516
- Principal officer (990-N for 2023)
- JAMES LOVESTROM, PO BOX 2446, RIVERSIDE CA 92516
- Signed the 990-EZ
- JAMES LOVESTROM, SECRETARY TREASURER
- Phone
- (951) 640-4149
- Return prepared by
- CHRISTENSON & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 23-7004603 or by the name NATIONAL EXCHANGE CLUB.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SUPPORT LOCAL CHARITIES
Program accomplishments
- DURING THE 2024/2025 FISCAL YEAR, THE ORGANIZATION SUPPORTED 5 LOCAL CHARITIES, PROVIDING GRANTS TOTALING $15,200. SUPPORT PROVIDED INCLUDED 2 SCHOLARSHIPS AWARDED TO NURSING STUDENTS AT A LOCAL COLLEGE, DONATIONS TO ASSISTANCE LEAGUE WHICH PROVIDES CLOTHING, BACKPACKS FOR SCHOOL CHILDREN AND TO OPERATION SAFE HOUSE WHICH PROVIDES EMERGENCY SHELTER FOR YOUTH IN CRISIS. A LARGER PORTIONS OF FUNDS WERE DONATED TO OLIVE CREST, A NATIONALLY KNOWN ORGANIZATION SUPPORTING WELFARE FOR CHILDREN. THE ORGANIZATION ALSO DONATED TO LOCAL POLICE OFFICERS DEPARTMENT FOUNDATION WHICH PROVIDE COMMUNITY EDUCATION SERVICES.Expenses $22,065 · grants $15,200
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-N on file |
IRS record
- EIN
- 23-7004603
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Group exemption
- 1097: THE NATIONAL EXCHANGE CLUB
- Assets (IRS master file)
- $62,869
- Income (IRS master file)
- $70,955
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $51,887 | $39,573 | $62,869 | XML |
| 990-N for 2023 Officer: JAMES LOVESTROM | June 30, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: James Lovestrom | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7004603).
Questions about NATIONAL EXCHANGE CLUB
- What is the EIN of NATIONAL EXCHANGE CLUB?
- The employer identification number (EIN) of NATIONAL EXCHANGE CLUB is 23-7004603.
- Is NATIONAL EXCHANGE CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1950.
- Are donations to NATIONAL EXCHANGE CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NATIONAL EXCHANGE CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL EXCHANGE CLUB due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL EXCHANGE CLUB last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of NATIONAL EXCHANGE CLUB?
- The 990-N for 2023 names JAMES LOVESTROM.
- Who are the officers and directors of NATIONAL EXCHANGE CLUB?
- The 990-EZ for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does NATIONAL EXCHANGE CLUB have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $51,887, expenses of $39,573 and total assets of $62,869 at year end.
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