Nonprofit · EIN 86-2768221
NEEDHAM EXCHANGE FOUNDATION INC
Tax-exempt · NEEDHAM, MA 02492
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,635 | $22,571 | -$12,936 | $100,535 | $0 | $100,535 |
| June 30, 2024 | 990 | $11,538 | $14,035 | -$2,497 | $110,085 | $0 | $110,085 |
| June 30, 2022 | 990 | $15,228 | $8,384 | $6,844 | $102,080 | $0 | $102,080 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,850
- Program service revenue
- $0
- Investment income
- $3,785
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $22,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $22,158
- Management and general (functional)
- $186
- Fundraising (functional)
- $227
Balance sheet and other
- Total assets, start of year
- $110,085
- Total assets, end of year
- $100,535
- Total liabilities, end of year
- $0
- Net assets, end of year
- $100,535
- Publicly traded securities
- $95,232
- Net assets without donor restrictions
- $100,535
- Gross receipts
- $9,635
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN TERRY | DIRECTOR Trustee or director | 1 | $0 |
| PAULA JACOBSON | DIRECTOR Trustee or director | 1 | $0 |
| JAMES RUELBACH | PRESIDENT AND DIRECTOR Officer | 1 | $0 |
| KENNETH RAFFOL | TREASURER AND DIRECTOR Officer | 1 | $0 |
| DEBRA STEELE | CLERK AND DIRECTOR Officer | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES RUELBACH | PRESIDENT AND DIRECTOR Officer | 1 | $0 |
| JOHN TERRY | TREASURER AND DIRECTOR Officer | 1 | $0 |
| KENNETH RAFFOL | CLERK AND DIRECTOR Officer | 1 | $0 |
990 for the year ended June 30, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUDI QUAGLIAROLI | DIRECTOR Trustee or director | 0.5 | $0 |
| LESLIE RENZULLI | DIRECTOR Trustee or director | 0.5 | $0 |
| ANNE CARLSON | DIRECTOR Trustee or director | 0.5 | $0 |
| PAUL DEELEY | PRESIDENT AND DIRECTOR Officer | 1 | $0 |
| GERALD C ROVNER | TREASURER AND DIRECTOR Officer | 1 | $0 |
| JAMES RUELBACH | CLERK AND DIRECTOR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- P O BOX 92508, NEEDHAM, MA 02492-0000
- In care of
- % RICHARD J LUNETTA
- Principal officer (990 for 2024)
- KENNETH RAFFOL, P O BOX 92508, NEEDHAM, MA 02492
- Signed the 990
- KENNETH RAFFOL, TREASURER
- Phone
- (781) 444-4926
- Return prepared by
- RAFFOL AND COMPANY INC
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.
Program accomplishments
- THE FOUNDATION SUPPORTS OTHER NEEDHAM BASED NON-PROFITS WITH GRANTS FOR OPERATIONS AND SPECIFIC PURPOSES AS NEEDEDExpenses $22,158 · grants $22,000 · revenue $9,635
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-2768221
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $100,535
- Income (IRS master file)
- $9,635
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,635 | $22,571 | $100,535 | IRS |
| 990 | June 2024 | $11,538 | $14,035 | $110,085 | XML |
| 990 | June 2023 | -$329 | $3,914 | $112,582 | IRS |
| 990 | June 2022 | $15,228 | $8,384 | $102,080 | XML |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2768221).
Questions about NEEDHAM EXCHANGE FOUNDATION INC
- What is the EIN of NEEDHAM EXCHANGE FOUNDATION INC?
- The employer identification number (EIN) of NEEDHAM EXCHANGE FOUNDATION INC is 86-2768221.
- Is NEEDHAM EXCHANGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NEEDHAM EXCHANGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEEDHAM EXCHANGE FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NEEDHAM EXCHANGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEEDHAM EXCHANGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEEDHAM EXCHANGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names KENNETH RAFFOL.
- Who are the officers and directors of NEEDHAM EXCHANGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does NEEDHAM EXCHANGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,635, expenses of $22,571 and total assets of $100,535 at year end.
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