Needham Exchange Foundation Inc
- Assets
- $110.1k
- Revenue
- $11.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- Data as of
- 06/2024
- EIN
- 86-2768221
Organization Overview
Needham Exchange Foundation Inc is located in Needham, MA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needham Exchange Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Needham Exchange Foundation Inc generated $11.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.9%) each year. All expenses for the organization totaled $14.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILD ABUSE PREVENTION PROGRAM'S (CAPP) GOAL IS TO ENSURE THAT ALL CHILDREN RECEIVE THEIR BASIC RIGHT TO SAFETY SO THAT THEY CAN HAVE THE OPPORTUNITY TO GROW AND THRIVE. TEACHING CHILDREN TO RECOGNIZE, RESIST AND REPORT PHYSICAL AND SEXUAL ABUSE HELPS TO KEEP THEM SAFE AND WORKS TO END THE CYCLE OF ABUSE. BY GIVING CHILDREN A CHANCE TO FEEL LOVED AND VALUED, THEY CAN EMBRACE THEIR CHILDHOOD AND ACHIEVE THEIR POTENTIAL. THIS YEAR A $1,200 DONATION WAS MADE TO THE NEEDHAM FREE PUBLIC LIBRARY FOUNDATION FOR THE PURCHASE OF CHILDRENS BOOKS IN SUPPORT OF AN ANTI BULLYING PROGRAM
THE FOUNDATION ASSISTS OTHER DOMESTIC ORGANIZATIONS AND DOMESTIC GOVERNMENTS WITH FUNDING FOR CHILD ABUSE PREVENTION PROGRAMS, FOOD AND MEDICAL PROGRAMS FOR THE BENEFIT OF CHILDREN, AS WELL AS FUNDING FOR PROGRAMS THAT EDUCATE AND SUPPORT PARENTS TO PROVIDE A STABLE FAMILY ENVIRONMENT TO RAISE THEIR CHILDREN IN. THE FOUNDATION MADE A $11,390 PROGRAM SUPPORT DONATION TO THE NEEDHAM EXCHANGE CLUB YOUTH SCHOLARSHIP PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,038 |
| Total Program Service Revenue | $0 |
| Investment income | $3,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,090 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $105,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,085 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $110,085 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $110,085 |