Nareit Foundation
- Assets
- $360.9k
- Revenue
- $687.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2004
- Data as of
- 12/2021
- 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 12/2021, Nareit Foundation generated $687.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $629.0k during the year ending 12/2021. While expenses have increased by 26.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nareit Foundation has awarded 20 individual grants totaling $1,225,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPONSORING EDUCATIONAL CONFERENCES THAT ARE OPEN TO THE PUBLIC, PUBLISHING WRITTEN EDUCATIONAL MATERIAL THAT IS MADE AVAILABLE TO THE PUBLIC, AND MAKING CASH CONTRIBUTIONS TO UNRELATED ORGANIZATIONS THAT HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS CHARITABLE WITHIN THE MEANING OF CODE SECTION 501(C)(3).
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).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Barre Treasurer & Secretary | OfficerTrustee | 0 | $0 |
Steven Wechsler President | OfficerTrustee | 0 | $0 |
W Matthew Kelly Chair | OfficerTrustee | 0 | $0 |
Lisa Palmer Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $687,500 |
| Total Program Service Revenue | $0 |
| Investment income | $162 |
| 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 | $687,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $625,000 |
| 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 | $3,688 |
| 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 | $267 |
| 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 | $628,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $360,937 |
| 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 | $360,937 |
| 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 | $37,231 |
| Net assets with donor restrictions | $323,706 |
| 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 | $360,937 |
Grants Awarded
Over the last fiscal year, Nareit Foundation has awarded $615,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
San Rafael, CA PURPOSE: CHARITABLE CONTRIBUTION | $145,000 |
Lihue, HI PURPOSE: CHARITABLE CONTRIBUTION | $130,000 |
Honolulu, HI PURPOSE: CHARITABLE CONTRIBUTION | $120,000 |
Hoolehua, HI PURPOSE: CHARITABLE CONTRIBUTION | $75,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT | $50,000 |
Washington, DC PURPOSE: 2021 DIRECTOR'S CIRCLE MEMBERSHIP | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nareit Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rappahannock Goodwill Stores And Services Inc Fredericksburg, VA | $8,437,533 | $30,240,862 |
American Medical Group Association Inc Alexandria, VA | $19,689,445 | $10,462,815 |
National Association Of Counties Research Foundation Washington, DC | $4,701,784 | $7,841,848 |
Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
American Exploration & Production Council Inc Washington, DC | $3,854,447 | $3,454,624 |
Umb Health Sciences Research Park Corporation Baltimore, MD | $16,268,947 | $1,917,755 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Business Council Washington, DC | $16,313,197 | $5,445,513 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
Massanetta Springs Inc Harrisonburg, VA | $9,619,068 | $2,786,663 |
Commodity Market Council Washington, DC | $947,159 | $1,056,049 |
1625 Massachusetts Avenue Nw Corporation Mclean, VA | $5,688,728 | $350,004 |