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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.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS Form 990 via ProPublica Nonprofit Explorerⓘ Leadership data below reflects a more recent filing (Tax Year 2025) from the IRS e-file system.
Total Revenue
▼$11.5K
Total Contributions
$7,038
Total Expenses
▼$14K
Total Assets
$110.1K
Total Liabilities
▼$0
Net Assets
$110.1K
Officer Compensation
→$0
Other Salaries
$0
Investment Income
▼$3,134
Fundraising
▼$0
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024 | $11.5K | $7,038 | $14K | $110.1K | $110.1K |
| 2023 | -$329 | $500 | $3,914 | $112.6K | $112.6K |
| 2022 | $15.2K | $13.2K | $8,384 | $102.1K | $102.1K |
| 2021 | $125K | $125K | $2,019 | $123K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| Total |
|---|
| James Ruelbach | President And Director | 1 | $0 | $0 | $0 | $0 |
| Kenneth Raffol | Treasurer And Director | 1 | $0 | $0 | $0 | $0 |
| Debra Steele | Clerk And Director | 1 | $0 | $0 | $0 | $0 |
James Ruelbach
President And Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kenneth Raffol
Treasurer And Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Debra Steele
Clerk And Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| John Terry | Director | 1 | $0 | $0 | $0 | $0 |
| Paula Jacobson | Director | 1 | $0 | $0 | $0 | $0 |
John Terry
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Paula Jacobson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $123K |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data | PDF not yet published by IRS |