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 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.

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

OPERATIONS
$22,000 2 grants
2024 YOUTH AWARDS
$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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