Nrf Foundation
- Assets
- $13.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1981
- Data as of
- 02/2022
- EIN
- 52-1224690
Organization Overview
Nrf Foundation is located in Washington, DC. The organization was established in 1981. According to its NTEE Classification (V99) the organization is classified as: Social Science N.E.C., under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nrf 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 02/2022, Nrf Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.8m during the year ending 02/2022. While expenses have increased by 2.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PURSUE THE PUBLIC EDUCATION AND RESEARCH PURPOSES OF THE NATIONAL RETAIL FEDERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISE UP: TRAINING AND CREDENTIALING INITIATIVE DESIGNED BY THE RETAIL INDUSTRY TO HELP PEOPLE - REGARDLESS OF EDUCATIONAL BACKGROUND, ECONOMIC MEANS OR AGE - ACQUIRE THE SKILLS THEY NEED TO LAND JOBS IN RETAIL AND ADVANCE INTO PROMISING CAREERS.
RESEARCH AND RETAIL INDUSTRY PROJECTS: IN ORDER TO ENSURE FUTURE LEADERSHIP IN THE RETAIL INDUSTRY, THE FOUNDATION ACTIVELY WORKS WITH CURRENT RETAIL LEADERS, EDUCATIONAL INSTITUTIONS AND STUDENTS INFORMING AND EDUCATING THEM ABOUT CAREER PATHS WITHIN THE RETAIL INDUSTRY. THE FOUNDATION ALSO PROVIDES PLATFORMS WHERE ALL OF THESE PARTICIPANTS CAN MEET AND ENGAGE WITH ONE ANOTHER.
SCHOLARSHIP PROGRAMS: IN SUPPORT OF ITS MISSION TO ADVANCE THE INTERESTS OF THE RETAIL INDUSTRY THROUGH EDUCATION, THE FOUNDATION SPONSORS SEVERAL PROGRAMS PROVIDING SCHOLARSHIPS TO INDVIDUALS ATTENDING ELIGIBLE INSTITUTIONS WHO ARE INTERESTED IN A VARIETY OF CAREERS WITHIN THE INDUSTRY. THE CRITERIA FOR AWARDING SCHOLARSHIPS ARE FURTHER DESCRIBED IN SCHEDULE I OF THIS FORM 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Thorne Exec Dir, Nrff/svp, Pr Nrf | 25 | $333,999 | |
Adam Lukoskie VP | Officer | 40 | $179,558 |
Robin Wagher Sr. Director, Retailer Eng | 32 | $112,871 | |
Matthew R Shay President And Ceo, Nrf | OfficerTrustee | 8.5 | $0 |
Jeff Gennette Thru 12022 Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Tony Spring Start 12022 Chair | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ccmh Times Square Llc Conference Lodging | 2/27/21 | $619,868 |
Open Box 9 Llc Design Services | 2/27/21 | $134,100 |
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 | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $4,143,458 |
| Investment income | $280,793 |
| 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 | $4,428,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $277,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $351,538 |
| Compensation of current officers, directors, key employees. | $31,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $991,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $384,042 |
| Payroll taxes | $77,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,239 |
| Fees for services: Accounting | $4,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,364 |
| Fees for services: Other | $754,383 |
| Advertising and promotion | $217,852 |
| Office expenses | $137,577 |
| Information technology | $8,713 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,734 |
| Interest | $0 |
| Payments to affiliates | $500,000 |
| Depreciation, depletion, and amortization | $56,664 |
| Insurance | $0 |
| All other expenses | $527 |
| Total functional expenses | $3,824,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,509,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $849,912 |
| 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 | $333,460 |
| Net Land, buildings, and equipment | $28,341 |
| Investments—publicly traded securities | $5,023,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,745,201 |
| Accounts payable and accrued expenses | $128,999 |
| Grants payable | $0 |
| Deferred revenue | $5,613,892 |
| 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 | $39,610 |
| Total liabilities | $5,782,501 |
| Net assets without donor restrictions | $5,891,248 |
| Net assets with donor restrictions | $2,071,452 |
| 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 | $13,745,201 |
Grants Awarded
Over the last fiscal year, Nrf Foundation has awarded $451,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
FASHION INSTITUTE OF TECHNOLOGY PURPOSE: TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS | $37,500 |
TEXAS A&M UNIVERSITY PURPOSE: TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS | $30,000 |
LIM COLLEGE PURPOSE: TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS | $26,500 |
UNIVERSITY OF NORTH TEXAS PURPOSE: TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS | $26,500 |
REGENTS OF THE UNIVERSITY OF MINNESOTA PURPOSE: TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS | $26,500 |
Harrisonburg, VA PURPOSE: TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Nrf Foundation has recieved totaling $124,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,000 |
Tractor Supply Company Foundation Brentwood, TN PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $22,000 |
The Eberstadt-Kuffner Fund Inc New York, NY PURPOSE: GENERAL FUND | $22,000 |
Urban Institute Washington, DC PURPOSE: Grant Sub-Award | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cpwr The Center For Construction Research And Training Silver Spring, MD | $10,704,322 | $15,767,694 |
American Studies Center Arlington, VA | $2,613,451 | $7,660,485 |
Research America Arlington, VA | $11,908,481 | $10,350,704 |
Nrf Foundation Washington, DC | $13,745,201 | $4,428,251 |
Social Progess Imperative Inc Washington, DC | $546,300 | $1,927,377 |
The Institute For Global Environmental Strategies Inc Arlington, VA | $264,685 | $1,432,598 |
People United For Privacy Foundation Washington, DC | $737,831 | $1,793,254 |
Fair Share Inc Washington, DC | $3,216,726 | $56,960 |
Association For Clinical And Translational Science Washington, DC | $1,341,314 | $997,017 |
National Center For Health Research Incorporated Washington, DC | $1,163,401 | $1,055,773 |
Virginia Civics Education Incorporated Culpeper, VA | $65,141 | $0 |
Genesis Institute Washington, DC | $350,855 | $0 |