7 X 24 Exchange Inc in New York, New York (NY)

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7 X 24 Exchange Inc
Employer Identification Number (EIN)223075802
Name of Organization7 X 24 Exchange Inc
In Care of NameKathleen A Dolci
Address322 8th Ave Ste 202, New York, NY 10001-6852
ActivitiesDiscussion groups, forums, panels lectures, etc., Business promotion (chamber of commerce, business league, etc.)
SubsectionBusiness League
Ruling Date02/2011
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,308,989
Amount of Income$4,154,877
Form 990 Revenue Amount$4,032,976


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$3,220,576
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$3,022,610
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$4,194
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$193,772
Statement of Functional Expenses (for 2012)
Total functional expenses$3,142,680
Compensation of current officers, directors, trustees, and key employees$200,000
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$2,942,680
Balance Sheet (for 2012)
Total assets$2,191,162
Total liabilities$238,202
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$238,202
Total net assets or fund balances$1,952,960
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
Central7 X 24 Exchange Inc322 8th Ave Ste 202, New York, NY 10001-6852NY2011-02$4,154,877
Subordinate7 X 24 Exchange Inc, 7x24 Exchange International Texas South Chapter Inc711 Louisiana Street Suite 300, Houston, TX 77002TX2011-02$40,653
Subordinate7 X 24 Exchange International322 Eigth Avenue Suite 702, New York, NY 10001NY2011-02$0
Subordinate7 X 24 Exchange International322 Eigth Avenue Suite 702, New York, NY 10001NY2011-02$0
Subordinate7 X 24 Exchange International1041 East 216th Street, Bronx, NY 10469NY2011-02$0
Subordinate7 X 24 Exchange International322 Eigth Avenue Suite 702, New York, NY 10001NY2011-02$0
Subordinate7 X 24 Exchange International, Arizona Chapter333 Riverwood Pkwy Ste 400, Atlanta, GA 30339GA2011-02$0
Subordinate7 X 24 International Exchange, Lake Michigan Region Chapter Inc300 S Wacker Dr Ste 510, Chicago, IL 60606-6602IL2011-02$0
Subordinate7 X 24 Exchange Internaitonal Inc, Greater Washington Dc Chapter Inc8250 Jones Branch Dr Msc 544, Mclean, VA 22102-3107VA2011-02$0
Subordinate7 X 24 Exchange InternationalPo Box 400425, Cambridge, MA 02140MA2011-02$0
Subordinate7x24 Exchange International Bluegrass Chapter Inc322 Eigth Avenue Suite 702, New York, NY 10001NY2011-02$0
Subordinate7x24 Exchange International Oregon Chapter Inc322 Eigth Avenue Suite 702, New York, NY 10001NY2011-02$0
Number of affiliated organizations
Georgia1
Illinois1
Massachusetts1
New York7
Texas1
Virginia1
Total12

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