Nonprofit · EIN 23-7009744
NATIONAL EXCHANGE CLUB
Also known as 1667 LITTLE FALLS MN
Tax-exempt · LITTLE FALLS, MN 56345
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $153,409 | $148,190 | $5,219 | $77,439 | $686 | $76,753 |
| December 31, 2023 | 990 | $137,708 | $137,895 | -$187 | $73,496 | $1,962 | $71,534 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,950
- Membership dues
- $10,950
- Program service revenue
- -$24
- Investment income
- $19
- Net income from gaming
- $142,464
- Other revenue
- $142,464
Expenses
- Grants and similar amounts paid
- $52,426
- Compensation of officers, directors and key employees
- $51,524
- Other salaries and wages
- $27,999
- Salaries, compensation and benefits (total)
- $85,852
- Professional fundraising fees
- $0
- Program services (functional)
- $62,257
- Management and general (functional)
- $81
- Fundraising (functional)
- $85,852
Balance sheet and other
- Total assets, start of year
- $73,496
- Total assets, end of year
- $77,439
- Total liabilities, end of year
- $686
- Net assets, end of year
- $76,753
- Gross unrelated business income
- $142,464
- Gross receipts
- $4,892,830
- Employees
- 5
- Volunteers
- 29
- Year formed
- 1948
- State of legal domicile
- MN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN PIOTROWSKI | GAMBLING MANAGER Trustee or director, Officer | 1 | $38,171 |
| PAULA QUINN | ASSISTANT GM/ SECRETARY Trustee or director, Officer | 1 | $13,353 |
| ROBB ORR | TREASURER Trustee or director, Officer | 1 | $0 |
| JUSTIN BIEGANEK | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JON VETTER | MEMBER Trustee or director | 0.5 | $0 |
| RAY SHULTE | MEMBER Trustee or director | 0.5 | $0 |
| KEVIN LARSON | MEMBER Trustee or director | 0.5 | $0 |
| SHAWN FLAVIN | MEMBER Trustee or director | 0.5 | $0 |
| CARY BELCHINGER - GORKA | MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA QUINN | CEO Trustee or director, Officer | 1 | $10,132 |
| DEBRA BULTNICK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBB ORR | TREASURER Trustee or director, Officer | 1 | $0 |
| JUSTIN BIEGANEK | PRESIDENT Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9359 ROSEHAVEN BLVD, LITTLE FALLS, MN 56345-6168
- In care of
- % ROBERT ORR
- Principal officer (990 for 2024)
- JUSTIN BIEGANEK, 9359 ROSENHAVEN BLVD, LITTLE FALLS, MN 56345
- Signed the 990
- JUSTIN BIEGANEK, PRESIDENT
- Phone
- (320) 360-6661
- Return prepared by
- SCHLENNER WENNER & CO CPA'S PA
Mission
FOR LOCAL BUSINESS PEOPLE TO GATHER AND DISCUSS LOCAL ISSUES AND HEAR PROGRAMS OF INTEREST TO THE COMMUNITY AND MANDKIND. ALSO, TO RAISE FUNDS AND ACCOMPLISH ITEMS AS SHOWN IN 4A THROUGH 4C.
Program accomplishments
- MEETINGS AND PROGRAMS - THE CLUB HELD WEEKLY MEETINGS WITH PROGRAMS RELATING TO COMMUNITY EVENTS AND VARIOUS OTHER ISSUES.Expenses $62,257 · grants $52,426 · revenue -$24
- CLUB SOCIALS - ORGANIZED EVENTS SUCH AS THE CHRISTMAS PARTY, VALENTINE PARTY, PONTOON RIDES, SHOOTING SPORTS CLAYS AND FISHING OUTINGS.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7009744
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1097: THE NATIONAL EXCHANGE CLUB
- Assets (IRS master file)
- $77,439
- Income (IRS master file)
- $4,892,830
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $153,409 | $148,190 | $77,439 | XML |
| 990 | December 2023 | $137,708 | $137,895 | $73,496 | XML |
| 990 | December 2022 | $166,225 | $175,111 | $73,041 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 23-7009744).
Questions about NATIONAL EXCHANGE CLUB
- What is the EIN of NATIONAL EXCHANGE CLUB?
- The employer identification number (EIN) of NATIONAL EXCHANGE CLUB is 23-7009744.
- 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 December 31, 2025) is due May 15, 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 for the year ended December 2024.
- Who is the principal officer of NATIONAL EXCHANGE CLUB?
- The 990 for the year ended December 31, 2024 names JUSTIN BIEGANEK.
- Who are the officers and directors of NATIONAL EXCHANGE CLUB?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $38,171 (JUSTIN PIOTROWSKI, GAMBLING MANAGER).
- How much revenue does NATIONAL EXCHANGE CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $153,409, expenses of $148,190 and total assets of $77,439 at year end.
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