Civic Intelligence

7 X 24 Exchange International New England Area Chapter Inc

990EZ • Fiscal year 2016 • EIN 26-3206066

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 01, 2017

Organization Profilewww.7x24exchange.org/newengland
PO Box 400425Cambridge, MA 02140

(978) 296-6213

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

12th percentile

-22%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

19th percentile

-17%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$16,961

Down $3,489 (-17%) from 2015

Net Assets

Down

$16,961

Down $3,489 (-17%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin12th percentile

Revenue

Down

$15,728

Down $4,105 (-21%) from 2015

Expenses

Down

$19,217

Down $2,185 (-10%) from 2015

Net Income

Down

-$3,489

Down $1,920 (-122%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2015: $20,450Liabilities 2015: $0Net Assets 2015: $20,4502015Assets 2016: $16,961Liabilities 2016: $0Net Assets 2016: $16,9612016Assets 2017: $2,243Liabilities 2017: $0Net Assets 2017: $2,2432017Assets 2021: $2,362Liabilities 2021: $0Net Assets 2021: $2,3622021Assets 2022: $2,298Liabilities 2022: $0Net Assets 2022: $2,2982022Assets 2023: $20,973Liabilities 2023: $0Net Assets 2023: $20,9732023Assets 2024: $42,478Liabilities 2024: $0Net Assets 2024: $42,4782024

Highlighted filing

2016

Assets$16,961
Liabilities$0
Net Assets$16,961
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2015: $19,833Expenses 2015: $21,402Net Income 2015: -$1,5692015Revenue 2016: $15,728Expenses 2016: $19,217Net Income 2016: -$3,4892016Revenue 2017: -$1,441Expenses 2017: $13,277Net Income 2017: -$14,7182017Revenue 2021: $0Expenses 2021: $209Net Income 2021: -$2092021Revenue 2022: $0Expenses 2022: $64Net Income 2022: -$642022Revenue 2023: $38,504Expenses 2023: $19,829Net Income 2023: $18,6752023Revenue 2024: $64,721Expenses 2024: $43,216Net Income 2024: $21,5052024

Highlighted filing

2016

Revenue$15,728
Expenses$19,217
Net Income-$3,489
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 1, 2017
Return Version
2016v3.0
Gross Receipts
$60,898
Mission and Program Overview

Mission

7x24 Exchange Mission: To be the leading knowledge exchange for those who design, build, operate and maintain mission-critical enterprise information infrastructures, 7x24 Exchange's goal is to improve end-to-end reliability by promoting dialogue among these groups.

Program Services

DescriptionGrantsExpenses
The organization was able to issue a scholarship to a local school for a student with interest in the data center industry$5,000$0
The organization had three meetings which provided industry speakers and a panel discussion. Events were attended by an average of 90 people each meeting.$0$0
The organization was able to organize a data center walkthrough to provide perspective on industry practices.$0$0
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SwetzPresident-$0--
Matthew GiddingsVice President-$0--
Dan GallagherSecretary-$0--
Scott ScheibnerTreasurer-$0--
Jim BurattiDirector Of Membership-$0--
Joe MaggioDirector Of Communications-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$48,400$48,400$1,956$46,444
Total Events$48,400$48,400$45,170$3,230
Filing and Contact Details

Filer

Filer Name
7 X 24 EXCHANGE INTERNATIONAL New England Area Chapter INC
EIN
26-3206066
Phone
9782966213
Address
PO Box 400425, Cambridge, MA 02140

Signing Officer

Name
Scott Scheibner
Title
Treasurer
Phone
9782966213
Signed
2017-04-01
Supplemental Narrative

Additional Explanations

Form 990-EZ, Header, Line A

“Form 990-EZ, Part I, Line 10 - $5,000 scholarship was provided to a student at the Mass Maritime Academy”

Form 990-EZ, Part I, Line 10

“The organization was able to issue a scholarship to a local school for a student with interest in the data center industry”

Form 990-EZ, Part I, Line 16

“Description;Amount^Meeting Expense;11910|Marketing Expense;1116|Innovation Trophy and Plaque;570|Governmental Filings;135|POBox;106|Financial Transaction Fees;380^Total;14217^”

Raw XML Appendix166 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Scott Scheibner
IRS990EZ/BooksInCareOfDetail/PhoneNum09782966213
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 400425
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cambridge
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002140
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt020450
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt016961
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-3489
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt00
IRS990EZ/ForeignFinancialAccountInd00
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IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt020450
IRS990EZ/Form990TotalAssetsGrp/EOYAmt016961
IRS990EZ/FundraisingGrossIncomeAmt048400
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt05000
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt060898
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/GroupExemptionNum05843
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt012498
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt020450
IRS990EZ/NetAssetsOrFundBalancesEOYAmt016961
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt020450
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt016961
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Michael Swetz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Matthew Giddings
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Dan Gallagher
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Scott Scheibner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Jim Buratti
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Joe Maggio
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director of Membership
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director of Communications
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt014217
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt07x24 Exchange Mission: To be the leading knowledge exchange for those who design, build, operate and maintain mission-critical enterprise information infrastructures, 7x24 Exchange's goal is to improve end-to-end reliability by promoting dialogue among these groups.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The organization was able to issue a scholarship to a local school for a student with interest in the data center industry
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The organization had three meetings which provided industry speakers and a panel discussion. Events were attended by an average of 90 people each meeting.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The organization was able to organize a data center walkthrough to provide perspective on industry practices.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt045170
IRS990EZ/SpecialEventsNetIncomeLossAmt03230
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt019217
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt015728
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://www.7x24exchange.org/newengland/
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt01300
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01300
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt045170
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013249
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013249
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt048400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt048400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt048400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt048400
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03230
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt014145
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt014145
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01956
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01956
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt014520
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt014520
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990-EZ, Part I, Line 10 - $5,000 scholarship was provided to a student at the Mass Maritime Academy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization was able to issue a scholarship to a local school for a student with interest in the data center industry
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;Amount^Meeting Expense;11910|Marketing Expense;1116|Innovation Trophy and Plaque;570|Governmental Filings;135|POBox;106|Financial Transaction Fees;380^Total;14217^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Header, Line A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Scheibner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09782966213
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt07 X 24 EXCHANGE INTERNATIONAL New England Area Chapter INC
ReturnHeader/Filer/BusinessNameControlTxt07X24
ReturnHeader/Filer/EIN0263206066
ReturnHeader/Filer/PhoneNum09782966213
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 400425
ReturnHeader/Filer/USAddress/CityNm0Cambridge
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002140
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.94.131.169
ReturnHeader/ReturnTs02017-04-04T13:18:34-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,961
Liabilities
$0
Net assets
$16,961
Revenue
$15,728
Expenses
$19,217
Net income
-$3,489
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.5$0.00$42.5$64.7$43.2$21.5
2023Detailed filing. Detailed filing data is available for this year.$21.0$0.00$21.0$38.5$19.8$18.7
2022Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.00$0.06$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$0.00$0.21$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$1.44$13.3$14.7
2016Detailed filing. Detailed filing data is available for this year.$17.0$0.00$17.0$15.7$19.2$3.49
2015Detailed filing. Detailed filing data is available for this year.$20.5$0.00$20.5$19.8$21.4$1.57