Civic Intelligence

Needham Exchange Foundation Inc.

990 • Fiscal year 2025 • EIN 86-2768221

Jul 01, 2024 to Jun 30, 2025 • Filed on Nov 04, 2025

Organization ProfileNEEDHAMEXCHANGEFOUNDATION.ORG
P O Box 92508Needham, MA 02492

(781) 444-4926

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

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

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

63rd percentile

0.00x

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

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

4th percentile

-134%

Higher net margin than 4% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

32nd percentile

-8.7%

Faster asset growth than 32% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

26th percentile

-16%

Faster revenue growth than 26% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$100,535

Down $9,550 (-8.7%) from 2024

Net Assets

Down

$100,535

Down $9,550 (-8.7%) from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin4th percentile

Revenue

Down

$9,635

Down $1,903 (-16%) from 2024

Expenses

Up

$22,571

Up $8,536 (+61%) from 2024

Net Income

Down

-$12,936

Down $10,439 (-418%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2025

Assets$100,535
Liabilities$0
Net Assets$100,535
Open 2025 Filing

Operations Trend

Revenue Growth26th percentile

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

2025

Revenue$9,635
Expenses$22,571
Net Income-$12,936
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$9,635
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$105,061$95,232▼ $9,829
Cash and Non-Interest-Bearing Accounts$5,024$5,303▲ $279
Total Assets$110,085$100,535▼ $9,550
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$110,085$100,535▼ $9,550
Total Net Assets Fund Balance$110,085$100,535▼ $9,550
Total Liabilities and Net Assets / Fund Balance$110,085$100,535▼ $9,550
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
James RuelbachPresident and Director
Debra SteeleClerk and Director
John TerryDirector
Paula JacobsonDirector
Kenneth RaffolTreasurer and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$5,850
Program Service Revenue
$0
Investment Income
$3,785
Other Revenue
$0
All Other Contributions
$5,850
Change in Net Assets
$-12,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,000
Other Expenses$571
Total Fundraising Expense$227
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,000--$22,000
Other Expenses$158$186$227$158
Total Functional Expenses$22,158$186$227$22,571
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charles River Association for Retarded Citizens IncNeedham, MA501(c)(3)Operations$12,000
Friends of the Center at the Heights IncNeedham, MA501(c)(3)Operations$10,000
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
7814444926
Address
P O BOX 92508, NEEDHAM, MA 02492

Signing Officer

Name
Kenneth Raffol
Title
Treasurer
Phone
7814444926
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Raffol
Formed
2021
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Raffol and Company Inc
Address
105 CHESTNUT ST SUITE 11, NEEDHAM, MA 02492
Preparer
Kenneth Raffol
Phone
7814444926
Raw XML Appendix356 raw XML fields

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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CHARLES RIVER ASSOCIATION FOR RETARDED CITIZENS INC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED BY THE TREASURER AND OTHERS ON THE BOARD BEFORE SIGNING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE AVAILABLE UPON REQUEST
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05850
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0227
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0186
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022158
IRS990/TotalFunctionalExpensesGrp/TotalAmt022571
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0110085
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0100535
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt022158
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03785
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09635
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0110085
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0100535
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 92508
IRS990/USAddress/CityNm0NEEDHAM
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002492
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://NEEDHAMEXCHANGEFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH RAFFOL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07814444926
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEEDHAM EXCHANGE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NEED
ReturnHeader/Filer/EIN0862768221
ReturnHeader/Filer/PhoneNum07814444926
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/PreparationDt02025-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH RAFFOL
ReturnHeader/ReturnTs02025-11-04T11:24:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,535
Liabilities
$0
Net assets
$100,535
Revenue
$9,635
Expenses
$22,571
Net income
-$12,936
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.10$0.23$0.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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