Nareit Foundation
- Assets
- $2.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 20-0455984
Organization Overview
Nareit Foundation is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nareit Foundation 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 12/2022, Nareit Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $496.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nareit Foundation has awarded 25 individual grants totaling $1,402,548. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAKING GRANTS TO CHARITABLE, EDUCATIONAL, AND OTHER ORGANIZATIONS QUALIFIED AND RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; TAKING STEPS TO PROMOTE AND ADVANCE DIVERSITY, EQUITY AND INCLUSION IN THE REAL ESTATE INVESTMENT TRUST INDUSTRY; AND SPONSORING EDUCATIONAL CONFERENCES OR PUBLISHING WRITTEN EDUCATIONAL MATERIAL DEALING WITH LEGAL, ACCOUNTING AND REGULATORY MATTERS CONCERNING REAL ESTATE INVESTMENT TRUSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CONTRIBUTIONS TO VARIOUS UNRELATED ORGANIZATIONS THAT HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS CHARITABLE WITHIN THE MEANING OF IRC SECTION 501(C)(3).
SPONSORING EDUCATIONAL CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Wechsler President | OfficerTrustee | 1 | $0 |
Catherine Barre Treasurer & Secretary | OfficerTrustee | 1 | $0 |
W Matthew Kelly Chair | OfficerTrustee | 0 | $0 |
Thomas A Bartlett Board Member | Trustee | 0 | $0 |
James B Connor Board Member | Trustee | 0 | $0 |
Marguerite M Nader Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,130,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,885,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,015,000 |
| Total Program Service Revenue | $0 |
| Investment income | $8,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,023,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $488,548 |
| 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 | $2,532 |
| 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 | $5,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $496,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,887,761 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,887,761 |
| 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 | $51,603 |
| Net assets with donor restrictions | $2,836,158 |
| 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 | $2,887,761 |
Grants Awarded
Over the last fiscal year, Nareit Foundation has awarded $482,548 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
RESIDENTIAL YOUTH SERVICES & EMPOWERMENT PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION PURPOSE: CHARITABLE CONTRIBUTION | $180,000 |
INSTITUTE FOR HUMAN SERVICES INC PURPOSE: CHARITABLE CONTRIBUTION | $72,548 |
ARC OF MAUI COUNTY PURPOSE: CHARITABLE CONTRIBUTION | $45,000 |
CONGRESSIONAL BLACK CAUCUS FOUNDATION PURPOSE: ALC PHOENIX AWARDS DINNER | $25,000 |
CONGRESSIONAL HISPANIC CAUCUS INSTITUTE PURPOSE: GENERAL PARTNERSHIP | $25,000 |