Civic Intelligence

Needham Exchange Foundation Inc.

990 • Fiscal year 2024 • EIN 86-2768221

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 22, 2024

Organization ProfileN/A
P O Box 92508Needham, MA 02492

(617) 523-3330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

18th percentile

-22%

Higher net margin than 18% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

43rd percentile

-2.2%

Faster asset growth than 43% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$110,085

Down $2,497 (-2.2%) from 2023

Net Assets

Down

$110,085

Down $2,497 (-2.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin18th percentile

Revenue

Up

$11,538

Up $11,867 (+3607%) from 2023

Expenses

Up

$14,035

Up $10,121 (+259%) from 2023

Net Income

Up

-$2,497

Up $1,746 (+41%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2021: $122,982Liabilities 2021: $0Net Assets 2021: $122,9822021Assets 2022: $102,080Liabilities 2022: $0Net Assets 2022: $102,0802022Assets 2023: $112,582Liabilities 2023: $0Net Assets 2023: $112,5822023Assets 2024: $110,085Liabilities 2024: $0Net Assets 2024: $110,0852024Assets 2025: $100,535Liabilities 2025: $0Net Assets 2025: $100,5352025

Highlighted filing

2024

Assets$110,085
Liabilities$0
Net Assets$110,085
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2021: $125,000Expenses 2021: $2,019Net Income 2021: $122,9812021Revenue 2022: $15,228Expenses 2022: $8,384Net Income 2022: $6,8442022Revenue 2023: -$329Expenses 2023: $3,914Net Income 2023: -$4,2432023Revenue 2024: $11,538Expenses 2024: $14,035Net Income 2024: -$2,4972024Revenue 2025: $9,635Expenses 2025: $22,571Net Income 2025: -$12,9362025

Highlighted filing

2024

Revenue$11,538
Expenses$14,035
Net Income-$2,497
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 22, 2024
Return Version
2023v5.1
Gross Receipts
$80,996
Mission and Program Overview

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.

The foundation is organized to foster and improve the lives of youth by sponsoring educational programming, scholarship programs, specifically aimed at preventing child abuse and other related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$88,203$105,061▲ $16,858
Cash and Non-Interest-Bearing Accounts$24,379$5,024▼ $19,355
Total Assets$112,582$110,085▼ $2,497
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$112,582$110,085▼ $2,497
Total Net Assets Fund Balance$112,582$110,085▼ $2,497
Total Liabilities and Net Assets / Fund Balance$112,582$110,085▼ $2,497
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
James RuelbachPresident and Director
Kenneth RaffolClerk and Director
John TerryTreasurer and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$7,038
Program Service Revenue
$0
Investment Income
$4,500
Other Revenue
$0
All Other Contributions
$7,038
Change in Net Assets
$-2,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$13,090
Other Expenses$945
Total Fundraising Expense$313
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,090--$13,090
Office Expenses-$378-$378
Other Expenses$200$54$313$54
Total Functional Expenses$13,290$432$313$14,035
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Exchange Club of Needham IncNeedham, MA501 (c)(4)2024 Youth Awards$11,390
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The tax return is reviewed by the treasurer and others on the board before signing”

Form 990, Part VI, Section B, Line 12C

“The board members are required to disclose their conflicts of interest upon becoming board members and the president asks if there are any conflicts of interest at every bord meeting”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Needham Exchange Foundation Inc
EIN
86-2768221
Phone
6175233330
Address
P O BOX 92508, NEEDHAM, MA 02492

Signing Officer

Name
John Terry
Title
Treasurer
Phone
6175233330
Signed
2024-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Terry
Formed
2021
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Raffol and Company Inc
Address
105 CHESTNUT ST SUITE 11, NEEDHAM, MA 02492
Preparer
Kenneth Raffol
Phone
7814444926
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 92508
IRS990/USAddress/CityNm0NEEDHAM
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002492
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN TERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06175233330
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEEDHAM EXCHANGE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NEED
ReturnHeader/Filer/EIN0862768221
ReturnHeader/Filer/PhoneNum06175233330
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 92508
ReturnHeader/Filer/USAddress/CityNm0NEEDHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002492
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471096596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAFFOL AND COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 CHESTNUT ST SUITE 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEEDHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002492
ReturnHeader/PreparerPersonGrp/PhoneNum07814444926
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH RAFFOL
ReturnHeader/ReturnTs02024-10-22T09:43:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$110,085
Liabilities
$0
Net assets
$110,085
Revenue
$11,538
Expenses
$14,035
Net income
-$2,497
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.00$1.01$0.10$0.23$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.12$0.14$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.00$0.04$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.15$0.08$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.00$1.23$1.25$0.02$1.23