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Nonprofit · EIN 22-3075802

7 X 24 EXCHANGE INC

Tax-exempt · STATEN ISLAND, NY 10306

Financials

$4.1M$3.3M2021$6M$5.5M2023$8M$6.4M2024
Revenue Expenses · by fiscal year end
Financials of 7 X 24 EXCHANGE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,980,931$6,395,946$1,584,985$6,059,203$835,643$5,223,560
December 31, 2023990$5,970,880$5,542,303$428,577$3,815,652$191,744$3,623,908
December 31, 2021990$4,084,200$3,348,296$735,904$3,533,540$475,790$3,057,750
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$7,447,835
Investment income
$119,244
Net gain from sales of assets
$29,803
Other revenue
$413,852

Expenses

Grants and similar amounts paid
$37,700
Compensation of officers, directors and key employees
$400,000
Salaries, compensation and benefits (total)
$400,000
Professional fundraising fees
$0
Legal fees
$42,163
Accounting fees
$10,500

Balance sheet and other

Total assets, start of year
$3,815,652
Total assets, end of year
$6,059,203
Total liabilities, end of year
$835,643
Net assets, end of year
$5,223,560
Publicly traded securities
$1,799,305
Net assets without donor restrictions
$5,223,560
Gross unrelated business income
$407,900
Gross receipts
$8,728,237
Employees
0
Volunteers
3
Year formed
1990
State of legal domicile
DE

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.

NameTitleHours / weekCompensation
ROBERT J CASSILIANOCHAIRMAN & CEO
Trustee or director, Officer
3$400,000
CYRUS IZZO PEPRESIDENT
Trustee or director, Officer
3$0
JULI IERULLIVICE PRESIDENT
Trustee or director, Officer
3$0
MICHAEL SITEMANDIRECTOR
Trustee or director
3$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ROBERT J CASSILIANOCHAIRMAN & CEO
Trustee or director, Officer
3$330,000
CYRUS IZZO PEPRESIDENT
Trustee or director, Officer
3$0
JULI IERULLIVICE PRESIDENT
Trustee or director, Officer
3$0
MICHAEL SITEMANDIRECTOR
Trustee or director
3$0
990 for the year ended December 31, 2021: 4 people
NameTitleHours / weekCompensation
ROBERT J CASSILIANOCHAIRMAN OF THE BOARD
Trustee or director, Officer
3$290,000
CYRUS IZZO PEPRESIDENT
Trustee or director, Officer
3$0
JULI IERULLIDIRECTOR
Trustee or director
3$0
MICHAEL SITEMANDIRECTOR
Trustee or director
3$0

Address and contacts

Address (IRS master file)
PO BOX 61360, STATEN ISLAND, NY 10306-7360
Principal officer (990 for 2024)
ROBERT J CASSILIANO, PO BOX 61360, STATEN ISLAND, NY 10306
Signed the 990
ROBERT J CASSILIANO, CEO & CHAIRMAN
Phone
(646) 486-3818
Return prepared by
CONDON O'MEARA MCGINTY & DONNELLY LLP

Mission

TO BE THE LEADING KNOWLEDGE EXCHANGE FOR THOSE WHO DESIGN, BUILD, MAINTAIN AND USE MISSION-CRITICAL ENTERPRISE INFORMATION INFRASTRUCTURES. THE EXCHANGE'S GOAL IS TO IMPROVE END-TO-END RELIABILITY BY PROMOTING DIALOGUE AMONG THESE GROUPS.

990 for the year ended December 31, 2024

Program accomplishments

  • TAX EXEMPT ORGANIZATION ACTIVITIES

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Check at the IRS
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-3075802
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
5843 (11 member organizations)
Assets (IRS master file)
$8,177,198
Income (IRS master file)
$12,494,642

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,980,931$6,395,946$6,059,203XML
990December 2023$5,970,880$5,542,303$3,815,652XML
990December 2022$5,145,192$4,958,016$3,446,902IRS
990December 2021$4,084,200$3,348,296$3,533,540XML
990December 2020–––IRS
990December 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 22-3075802).

Questions about 7 X 24 EXCHANGE INC

What is the EIN of 7 X 24 EXCHANGE INC?
The employer identification number (EIN) of 7 X 24 EXCHANGE INC is 22-3075802.
Is 7 X 24 EXCHANGE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
Are donations to 7 X 24 EXCHANGE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 7 X 24 EXCHANGE INC 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 7 X 24 EXCHANGE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 7 X 24 EXCHANGE INC 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 7 X 24 EXCHANGE INC?
The 990 for the year ended December 31, 2024 names ROBERT J CASSILIANO.
Who are the officers and directors of 7 X 24 EXCHANGE INC?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $400,000 (ROBERT J CASSILIANO, CHAIRMAN & CEO).
How much revenue does 7 X 24 EXCHANGE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,980,931, expenses of $6,395,946 and total assets of $6,059,203 at year end.

Organizations in its group exemption (11)

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