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US nonprofit · EIN 862768221 · Needham, MAiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 862768221) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R), grants paid (Schedule I).Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Needham Exchange Foundation Inc

Donations deductible
Revenue
$10k
year to 30 June 2025
Expenses
$23k
year to 30 June 2025
Total assets
$101k
$0 liabilities
Net assets
$101k
assets less liabilities
Directors and trustees
3
5.4 years on average
Staff
0
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
6
named in Part VII
How am I connected?

Needham Exchange Foundation Inc's network

3 people1 organisationi3 people and 1 organisation on this map.The large node is the subject of this page. Solid lines are what the register itself records (3). Violet dotted lines (1) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

3 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 7 voting members of its governing body on its latest Form 990 Part VI; we list 3 in Part VII (Part VII does not always name every voting member).
NameRole as filedSinceOn the board
Anne CarlsonDirector2021
5 yrs
Judi QuagliaroliDirector2021
5 yrs
Leslie RenzulliDirector2021
5 yrs
Under 5 years5 to 6 years6 years or more

Officers and senior leadership

6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
Gerald C RovnerTreasurer and Directorsince 2021
James RuelbachPresident and Directorsince 2022
John TerryTreasurer and Directorsince 2023
Kenneth RaffolClerk and Directorsince 2023
Paul DeeleyPresident and Directorsince 2021
Richard J LunettaPresident and Director2021

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
John TerryDirector1$0
Paula JacobsonDirector1$0
James RuelbachPresident and Director1$0
Kenneth RaffolTreasurer and Director1$0
Debra SteeleClerk and Director1$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Needham Exchange Foundation Inc
EIN
862768221
Address
P O Box 92508, Needham, MA, 02492
State
Massachusetts
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... (as filed on the Form 990)
Activity (NTEE)
P20 Human services
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Human Services
Size band
4 (IRS master file code)
Formed
2021
Principal officer
Kenneth Raffol (as named on the Form 990)
IRS ruling date
1 May 2022
Status
Code 01 (unconditional exemption)
Form 990 filings on record
2, latest 2022
IRS Publication 78
PC (contributions deductible)

Most connected

Related organisations (Schedule R)

RelatedPROVIDE SERVICES TO THE ENTIRE NEEDHAM COMMUNITY AND BUILD LEADERSHIPThe Exchange Club of Needham

Longest observed on the filings

≥5years on the filingsAnne Carlson
≥5years on the filingsJudi Quagliaroli
≥5years on the filingsLeslie Renzulli

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$101k
Total liabilities
$0
Net assets or fund balances
$101k
Contributions and grants received
$6k
Program service revenue
$0
Grants and similar paid out
$22k
Employees
0

Grants paid

2 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.
RecipientPurposeAmount
Charles River Association for Retarded Citizens Inc$12k
Friends of the Center at the Heights Inc$10k