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Needham Exchange Foundation INC

Tax-deductible

Needham, MA501(c)(3)Human Services EIN 86-2768221Revenue $10K in FY2025Latest return filed Nov 4, 2025

On file with the IRSneedhamexchangefoundation.orgNeedham, MATax-exempt since May 2022Publicly supported charity — 170(b)(1)(A)(vi)

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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.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-2768221) · Dispute this line
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
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $22K a year · 68% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
2.8 mo
of spending, in cash
Plus $95K in investments, Pt X · Ln 11–13
2.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap 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%
Tap a bar for its year
Revenue by fiscal year
FY2021$125K
FY2022$15K
FY2023−$329
FY2024$12K
FY2025$10K
Expenses
$23K
FY2025▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2021$2K
FY2022$8K
FY2023$4K
FY2024$14K
FY2025$23K
Net assets
$101K
FY2025▼ -9%
Tap a bar for its year
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 Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $22K Management & general 1% · $186 Fundraising 1% · $227

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
John Terry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
James Ruelbach
President and Director
$0Pt VII · Sec A
Kenneth Raffol
Treasurer and Director
$0Pt VII · Sec A
Debra Steele
Clerk and Director
$0Pt VII · Sec A
See Needham Exchange Foundation 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 15aNo

Programs and updates

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

Questions for Needham Exchange Foundation INC

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Your first name shows with your question. Needham Exchange Foundation INC answers here, for everyone.

1 program · $22K · in their own filed words · FY2024
01

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

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-2768221) · Dispute this line
$22Kprogram expense

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
National Exchange ClubFY2021$12K
Total grants receivedfrom 1 funder$12K
Grants paid · 3 grants · $33K · 2023–2024
Charles River Association for Retarded Citizens INCMA · FY2024$12,000
Friends of the Center at the Heights INCMA · FY2024$10,000
National Exchange ClubMA · FY2023$11,390

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$10K
Ln 12
Gifts and grantsLn 1h$6K
Investment incomeLn 3$4K
Money outPt IX
$23K
Ln 25
Programscol B$22K
Managementcol C$186
Fundraisingcol D$227
Owns and owesPt X
$101K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$101K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$4K
Total revenueLn 12$10K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$95K
Total assetsLn 16$101K
LiabilitiesLn 26$0
Net assetsLn 32$101K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5K$5K
InvestmentsLn 11–13$105K$95K
Total assetsLn 16$110K$101K
LiabilitiesLn 26$0$0
Net assetsLn 32$110K$101K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Other expenses (24a–d)Ln 24$571$158$186$227
Total functional expensesLn 25$23K$22K$186$227

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 4, 2025 $10K$23K−$13K$101K 990 PDF
FY2024Filed with the IRS Oct 22, 2024 $12K$14K−$2K$110K 990 PDF
FY2023Filed with the IRS Nov 9, 2023 −$329$4K−$4K$113K 990 PDF
FY2022Filed with the IRS Sep 12, 2022 $15K$8K$7K$102K 990 PDF
FY2021Filed with the IRS Jun 13, 2022 $125K$2K$123K$123K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $9,635 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,038$5,850
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,500$3,785
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,538$9,635
I-13 Grants and similar amounts paidPrior year $13,090$22,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $945$571
I-18 Total expensesPrior year $14,035$22,571
I-19 Revenue less expensesPrior year −$2,497−$12,936
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $9,635 across 4 lines filed
VIII-1f All other contributions, gifts and grants$5,850
VIII-1h Total contributions, gifts and grants$5,850
VIII-3 Investment incomeExcluded from tax $3,785$3,785
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,785$9,635
Part IX · Statement of functional expenses $22,571 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $22,000$22,000
IX-24 Other expenses (24a–d)Programs $158 · Management $186 · Fundraising $227$571
IX-25 Total functional expensesPrograms $22,158 · Management $186 · Fundraising $227$22,571
Part X · Balance sheet $100,535 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $5,024$5,303
X-11 Publicly traded securitiesStart of year $105,061$95,232
X-16 Total assetsStart of year $110,085$100,535
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $110,085$100,535
X-32 Total net assets or fund balancesStart of year $110,085$100,535
X-33 Total liabilities and net assetsStart of year $110,085$100,535
Part XI · Reconciliation of net assets $100,535 net assets at year end
XI-1 Total revenue$9,635
XI-2 Total expenses$22,571
XI-3 Revenue less expenses−$12,936
XI-4 Net assets at start of year$110,085
XI-5 Net unrealized gains (losses) on investments$3,386
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$100,535

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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