Needham Exchange Foundation INC

Tax-deductible

Needham, MA501(c)(3)Human ServicesEIN 86-2768221

The needham exchange foundation (nxf) seeks to foster and enhance the lives of all needham residents, spanning different age groups, through a diverse range of initiatives. Working in conjunction with the needham exchange club, nxf supports programs that include, but are not limited to, granting academic awards and scholarships, funding child abuse prevention (cap) initiatives, and providing services and activities for seniors in our community. The needham exchange foundation strives to create a vibrant and supportive community where every resident can thrive.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
2 of 5
years in the black
Concern: 3 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
98%
of spending
Looks good: 98% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
Do they have reserves?
3 mo
of spending, in cash
Worth a look: 2.8 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $12K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$0
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$10K
-16% vs prior year
Spent
$23K
To programs
98%
Net assets
$101K
By yearFY2021–FY2025
Revenue
$10K
FY2025▼ -16%
Revenue by fiscal year
FY2021$125K
FY2022$15K
FY2023−$329
FY2024$12K
FY2025$10K
Expenses
$23K
FY2025▲ +61%
Expenses by fiscal year
FY2021$2K
FY2022$8K
FY2023$4K
FY2024$14K
FY2025$23K
Net assets
$101K
FY2025▼ -9%
Net assets by fiscal year
FY2021$123K
FY2022$102K
FY2023$113K
FY2024$110K
FY2025$101K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CNeedham Exchange Foundation INC
EINHdr · item D86-2768221
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2022
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNeedham, MA
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jneedhamexchangefoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program services98%$22K
Management & general1%$186
Fundraising1%$227
Total functional expensesLn 25$23K

Financial health

Is it on solid ground?

Program efficiency
98%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
53.5mo
months of highly liquid reserves at operating expense rate▼ -43% vs prior filing year
Surplus margin
-134%
revenue over expenses, this year▼ -520% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$101K
FY2025▼ -9%
Total assets by fiscal year
FY2021$123K
FY2022$102K
FY2023$113K
FY2024$110K
FY2025$101K
Total liabilities
$0
FY2025
Total liabilities by fiscal year
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$101K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$101K
Total liabilitiesLn 26$0
Total net assetsLn 32$101K
Months of cash on handcomputed2.8

Statement of Revenue

Part VIII
Contributions & grants$6K · 61%
Investment income$4K · 39%
Contributions & grants61%$6K
Investment income39%$4K
Total revenueLn 12$10K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $101K · Operating expenses/yr $23K
53.5 months
Where the money goes
Program services
Program services $22K · Total expenses $23K
98%
Management & General
Management & general $186 · Total expenses $23K
0.8%
Fundraising
Fundraising $227 · Total expenses $23K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $180 · Solicited contributions (3-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $10K
61%
Government reliance
Government grants — · Total revenue $10K
—
Earned-income share
Program service revenue $0 · Total revenue $10K
0%
Investment reliance
Investment income $4K · Total revenue $10K
+39%
Program self-sufficiency
Program service revenue $0 · Total expenses $23K
0%
Growth & trend
Revenue growth (YoY)
This year $10K · Prior year $12K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $125K · FY2024 $10K
-47%
Net-asset trend (YoY)
End of year $101K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10K · Expenses $23K
-134%
Liabilities-to-Assets
Total liabilities — · Total assets $101K
—
Net-asset ratio
Net assets $101K · Total assets $101K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $95K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $101K
95%
People & payroll
Highest Reported Total Compensation
Individual John Terry · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $23K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $23K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 0.8%——
Fundraising cost ratio 4%——
Revenue growth -16%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
Clerk and Director
$0Pt VII · Sec A
See Needham Exchange Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports residents of all ages through scholarships, child abuse prevention, and senior programs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $22K of program spending, described in the organization's own filed words · FY2024.
01

The foundation supports other needham based non-profits with grants for operations and specific purposes as needed

$22Kprogram expense

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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 · FY2021
Total grants receivedfrom 1 funder$12K
Grants paid · 3 grants · $33K · 2023–2024

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $10K$23K-16% 990 PDF
FY2024 $12K$14K×37 990 PDF
FY2023 −$329$4K-102% 990 PDF
FY2022 $15K$8K-88% 990 PDF
FY2021 $125K$2K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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