Public Charity

NEEDHAM EXCHANGE FOUNDATION INC

NEEDHAM EXCHANGE FOUNDATION INC, of NEEDHAM, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $10K in revenue, $23K in expenses, $101K in total assets. IRS filings disclose 3 grants awarded by this foundation, totaling roughly $33K.

EIN: 862768221 NEEDHAM, MA Human Service Organizations NTEE: P20 Latest filing: 2025
Total Revenue$10K
Total Expenses$23K
Total Assets$101K
Grants Given3
Grant Total$33K
Filing Years2021–2025

Mission

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.

Where $100 goes at Needham Exchange Foundation Inc

How Needham Exchange Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$89 Programs the work itself
$10 Management running the organization
$1 Fundraising raising the next dollar

Inside the $89 for programs

$89
The foundation supports other Needham based non-profits with grants for operations and specific purposes as needed
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CLERK AND DIRECTOR Debra Steele
PRESIDENT AND DIRECTOR James Ruelbach
DIRECTOR John Terry
TREASURER AND DIRECTOR Kenneth Raffol
DIRECTOR Paula Jacobson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$22,000 2 grants
Youth Development
$11,390 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $10K $23K $101K
2024 $12K $14K $110K
2023 $-329 $4K $113K
2022 $15K $8K $102K
2021 $125K $2K $123K

Between 2021 and 2025, reported annual revenue declined from $125K to $10K (-92%), with total assets most recently reported at $101K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MA.

MA

Full geographic grant map with state-by-state breakdown available with membership.

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