Exchange Club Charitable Organization

IRS exemption revoked

Naperville, ILUnknown exempt organization EIN 36-3966340Revenue −$572K in FY2022

On file with the IRSexchangeclub.org184 Shuman Blvd No 200 · Naperville, IL

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Preventing child abuse and domestic violence.

87¢ of each $1 spent went to programs.
Run by 18 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $574K a year · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $14K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$188K
186% of total assets
Concern: liabilities are 186% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$572K
-537% vs prior year
Spent
$174K
To programs
87%
Net assets
−$87K
By yearFY2020–FY2022
Revenue
−$572K
FY2022▼ -537%
Tap a bar for its year
Revenue by fiscal year
FY2020−$220K
FY2021$131K
FY2022−$572K
Expenses
$174K
FY2022▼ -71%
Tap a bar for its year
Expenses by fiscal year
FY2020$283K
FY2021$603K
FY2022$174K
Net assets
−$87K
FY2022▼ -113%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$659K
FY2022−$87K

From the FY2022 Form 990 (year ending August 2022) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on January 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $152K Management & general 13% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Administrative Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Rick Grimes—$134,753
Richard Grimes$62,987—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Exchange Club Charitable Organization executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Protects children and families from abuse and violence.

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Provided by the organization

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1 program · $152K · in their own filed words · FY2021
01

To accomplish its mission of eliminating child abuse and domestic violence, the exchange club charitable organization grants funds to various not-for-profit organizations in the community whose goals are similar to its own.

$152Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$14K
See all 3 funders →
Grants paid · 14 grants · $649K · 2019–2021
Project HelpFY2021$119,997
Unitemized GrantFY2021$7,500
Unitemized GrantFY2021$6,631
Project HelpFY2020$210,600
Edward FoundationIL · FY2020$25,000
Bridge Communities INCIL · FY2020$24,500
Metropolitan Family ServicesIL · FY2020$12,000
Unitemized GrantFY2020$7,384
Inside Out ClubIL · FY2020$5,500
Unitemized GrantFY2020$4,000
Project HelpFY2019$210,000
Unitemized GrantFY2019$5,750

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
−$572K
Ln 12
Gifts and grantsLn 1h$699K
Investment incomeLn 3$7K
Money outPt IX
$174K
Ln 25
Programscol B$152K
Managementcol C$22K
Owns and owesPt X
−$87K
net assets · Ln 32
Cash and savingsLn 1–2$62K
Total assetsLn 16$101K
LiabilitiesLn 26$188K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$699K
Noncash giftsLn 1g$216K
Fundraising eventsLn 1c$693K
Investment incomeLn 3$7K
Gains on assetsLn 7−$38K
Total revenueLn 12−$572K
Assets in detailPt X, end of year
CashLn 1$62K
Cash and savings togetherLn 1–2$62K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$101K
LiabilitiesLn 26$188K
Net assetsLn 32−$87K
OperationsPt I, VI
EmployeesI 51
VolunteersI 618
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$50K$62K
InvestmentsLn 11–13$650K$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$736K$101K
LiabilitiesLn 26$77K$188K
Net assetsLn 32$659K−$87K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$120K$120K
Grants to domestic individualsLn 2$16K$16K
Legal feesLn 11b$615$615
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$50$50
Office expensesLn 13$5K$5K
Conferences, conventions and meetingsLn 19$5K$5K
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$174K$152K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing −$572K$174K−$746K−$87K 990 PDF
FY2021 $131K$603K−$473K$659K 990 PDF
FY2020 −$220K$283K−$502K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary −$571,965 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $67,434$698,772
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $44,145−$31,370
I-11 Other revenuePrior year $19,170−$1,239,367
I-12 Total revenuePrior year $130,749−$571,965
I-13 Grants and similar amounts paidPrior year $331,574$136,193
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $271,855$37,403
I-18 Total expensesPrior year $603,429$173,596
I-19 Revenue less expensesPrior year −$472,680−$745,561
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue −$571,965 across 9 lines filed
VIII-1c Fundraising events$692,814
VIII-1f All other contributions, gifts and grants$5,958
VIII-1g Noncash contributions (included above)$216,349
VIII-1h Total contributions, gifts and grants$698,772
VIII-3 Investment incomeExcluded from tax $7,004$7,004
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$38,374−$38,374
VIII-8 Net income from fundraising eventsUnrelated business −$2,454 · Excluded from tax −$1,245,963−$1,248,417
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,050$9,050
VIII-12 Total revenueRelated to mission $9,050 · Unrelated business −$2,454 · Excluded from tax −$1,277,333−$571,965
Part IX · Statement of functional expenses $173,596 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $119,997$119,997
IX-2 Grants to domestic individualsPrograms $16,196$16,196
IX-11b Legal feesManagement $615$615
IX-11c Accounting feesManagement $11,225$11,225
IX-12 Advertising and promotionPrograms $50$50
IX-13 Office expensesManagement $4,861$4,861
IX-19 Conferences, conventions and meetingsManagement $5,143$5,143
IX-24 Other expenses (24a–d)Programs $15,509$15,509
IX-25 Total functional expensesPrograms $151,752 · Management $21,844 · Fundraising $0$173,596
Part X · Balance sheet $101,233 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $49,529$62,232
X-4 Accounts receivableStart of year $35,279$39,001
X-9 Prepaid expenses and deferred chargesStart of year $465$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $650,478$0
X-16 Total assetsStart of year $735,751$101,233
X-17 Accounts payable and accrued expensesStart of year $4,644$181,837
X-19 Deferred revenue$1,000
X-25 Other liabilitiesStart of year $72,160$5,010
X-26 Total liabilitiesStart of year $76,804$187,847
X-27 Net assets without donor restrictionsStart of year $658,947−$86,614
X-32 Total net assets or fund balancesStart of year $658,947−$86,614
X-33 Total liabilities and net assetsStart of year $735,751$101,233
Part XI · Reconciliation of net assets −$86,614 net assets at year end
XI-1 Total revenue−$571,965
XI-2 Total expenses$173,596
XI-3 Revenue less expenses−$745,561
XI-4 Net assets at start of year$658,947
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$86,614

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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