Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2013.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
11 people listed on the 990; $54K paid to officers and key staff.
Steve Wright’s $25K as CFO is at the 2nd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Steve Wright | $25,134 | $25,963 | $25,183 | $31,468 | $54,169 |
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 The Central Exchange INC executive salaries →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 15aYes
Programs and updates
Fosters women's growth and leadership through programs promoting professional and personal development.
Questions for The Central Exchange INC
Your first name shows with your question. The Central Exchange INC answers here, for everyone.
The organization serves their membership and their guests with a variety of high quality, thought provoking leadership and professional development programs. Active membership was 370 as of December 31, 2020. The organization held its seventh annual Stemmy Awards ceremony in 2020 with an attendence of 304 members and guests.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $84K | $83K |
| Land, buildings, equipmentLn 10c | $45K | $566 |
| Total assetsLn 16 | $255K | $166K |
| LiabilitiesLn 26 | $613K | $501K |
| Net assetsLn 32 | −$358K | −$336K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $54K | |||
| Other salaries and wagesLn 7 | $123K | |||
| Pension plan contributionsLn 8 | $1K | |||
| Other employee benefitsLn 9 | $18K | |||
| Payroll taxesLn 10 | $15K | |||
| Accounting feesLn 11c | $11K | |||
| Advertising and promotionLn 12 | $5K | |||
| Office expensesLn 13 | $2K | |||
| OccupancyLn 16 | $32K | |||
| InterestLn 20 | $9 | |||
| Depreciation, depletion and amortizationLn 22 | $12K | |||
| InsuranceLn 23 | $5K | |||
| Other expenses (24a–d)Ln 24 | $637K | |||
| All other expensesLn 24e | $68K | |||
| Total functional expensesLn 25 | $984K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Mar 17, 2025 | $1.5M | $1.4M | $118K | $177K | 990 PDF |
| FY2023Filed with the IRS Apr 13, 2024 | $1.3M | $1.2M | $123K | $59K | 990 PDF |
| FY2022Filed with the IRS Jul 11, 2023 | $1.1M | $987K | $143K | −$64K | 990 PDF |
| FY2021Filed with the IRS Jun 21, 2022 | $1.0M | $874K | $128K | −$208K | 990 PDF |
| FY2020 ViewingFiled with the IRS Apr 15, 2021 | $1.0M | $984K | $22K | −$336K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,006,747 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $1,006,747 across 7 lines filed
Part IX · Statement of functional expenses $984,326 across 14 lines filed
Part X · Balance sheet $165,641 assets, 13 lines filed
Part XI · Reconciliation of net assets −$335,838 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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