Civic Intelligence

Nareit Foundation

990 • Fiscal year 2023 • EIN 20-0455984

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

1875 I Street NW 500Washington, DC 20006-5413

(202) 739-9400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

49th percentile

3.7%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

100th percentile

$2,750,652

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 293.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

41st percentile

1.2%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-69%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,922,444

Up $34,683 (+1.2%) from 2022

Net Assets

Up

$2,922,444

Up $34,683 (+1.2%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$935,929

Down $2,087,223 (-69%) from 2022

Expenses

Up

$901,246

Up $404,918 (+82%) from 2022

Net Income

Down

$34,683

Down $2,492,141 (-99%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $17,966Liabilities 2011: $3072011Assets 2012: $20,700Liabilities 2012: $19,3752012Assets 2013: $33,884Liabilities 2013: $87,5002013Assets 2014: $5,496Liabilities 2014: $0Net Assets 2014: $5,4962014Assets 2015: $108,328Liabilities 2015: $0Net Assets 2015: $108,3282015Assets 2016: $51,762Liabilities 2016: $0Net Assets 2016: $51,7622016Assets 2017: $14,561Liabilities 2017: $0Net Assets 2017: $14,5612017Assets 2018: $212,575Liabilities 2018: $0Net Assets 2018: $212,5752018Assets 2019: $325,234Liabilities 2019: $3,794Net Assets 2019: $321,4402019Assets 2020: $373,230Liabilities 2020: $71,000Net Assets 2020: $302,2302020Assets 2021: $360,937Liabilities 2021: $0Net Assets 2021: $360,9372021Assets 2022: $2,887,761Liabilities 2022: $0Net Assets 2022: $2,887,7612022Assets 2023: $2,922,444Liabilities 2023: $0Net Assets 2023: $2,922,4442023Assets 2024: $2,301,967Liabilities 2024: $0Net Assets 2024: $2,301,9672024

Highlighted filing

2023

Assets$2,922,444
Liabilities$0
Net Assets$2,922,444

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $15,019Expenses 2011: $29,030Net Income 2011: -$14,0112011Revenue 2012: $110,012Expenses 2012: $126,346Net Income 2012: -$16,3342012Revenue 2013: $132,519Expenses 2013: $187,460Net Income 2013: -$54,9412013Revenue 2014: $405,027Expenses 2014: $345,915Net Income 2014: $59,1122014Revenue 2015: $225,084Expenses 2015: $122,252Net Income 2015: $102,8322015Revenue 2016: $101,720Expenses 2016: $158,286Net Income 2016: -$56,5662016Revenue 2017: $151,685Expenses 2017: $188,886Net Income 2017: -$37,2012017Revenue 2018: $633,758Expenses 2018: $435,744Net Income 2018: $198,0142018Revenue 2019: $760,183Expenses 2019: $651,318Net Income 2019: $108,8652019Revenue 2020: $311,716Expenses 2020: $330,926Net Income 2020: -$19,2102020Revenue 2021: $687,662Expenses 2021: $628,955Net Income 2021: $58,7072021Revenue 2022: $3,023,152Expenses 2022: $496,328Net Income 2022: $2,526,8242022Revenue 2023: $935,929Expenses 2023: $901,246Net Income 2023: $34,6832023Revenue 2024: $290,348Expenses 2024: $910,825Net Income 2024: -$620,4772024

Highlighted filing

2023

Revenue$935,929
Expenses$901,246
Net Income$34,683
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$958,553
Mission and Program Overview

Mission

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.

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 social responsibility 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,887,761$2,922,444▲ $34,683
Total Assets$2,887,761$2,922,444▲ $34,683
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,836,158$2,768,782▼ $67,376
Net Assets Without Donor Restrictions$51,603$153,662▲ $102,059
Total Net Assets Fund Balance$2,887,761$2,922,444▲ $34,683
Total Liabilities and Net Assets / Fund Balance$2,887,761$2,922,444▲ $34,683
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark J ParrellChair
Sumit RoyChair
Steven WechslerPresident
Conor C FlynnBoard Member
Donald C WoodBoard Member
James F RisoleoBoard Member
Lisa PalmerBoard Member
Marguerite M NaderBoard Member
Sumit RoyBoard Member
Thomas a BartlettBoard Member
W Matthew KellyBoard Member
Tony EdwardsFormer Treasurer & Secretary
Catherine BarreTreasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$847,624
Program Service Revenue
$0
Investment Income
$88,305
Other Revenue
$0
All Other Contributions
$717,624
Change in Net Assets
$34,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$935,929
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$935,929
Total Revenue per Form 990
$935,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$897,500
Other Expenses$3,746
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$897,500--$897,500
Conferences and Meetings$2,775--$2,775
Office Expenses-$971-$971
Total Functional Expenses$900,275$971$0$901,246

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$901,246
Total Expenses per Audited Statements$901,246
Total Expenses per Form 990$901,246
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Family Promise of HawaiiHonolulu, HI501(c)(3)Charitable Grant$200,000
Arc of Maui CountyWailuku, HI501(c)(3)Charitable Grant$80,000
Pal Kauai (neighborhood Housing Community Development)Kapaa, HI501(c)(3)Charitable Grant$75,000
Accelerate 500 Inc Dba 1863 VenturesWashington, DC501(c)(3)Charitable Grant$50,000
Management Leadership for TomorrowBethesda, MD501(c)(3)Charitable Grant$50,000
Nasdaq Entrepreneurial Center IncSan Francisco, CA501(c)(3)Charitable Grant$50,000
Paradigm for Parity IncNew York, NY501(c)(3)Charitable Grant$50,000
Project DestinedWashington, DC501(c)(3)Charitable Grant$50,000
Robert Toigo FoundationOakland, CA501(c)(3)Charitable Grant$50,000
Usbc Community Economic Development CorporationWashington, DC501(c)(3)Charitable Grant$50,000
The Ahla FoundationWashington, DC501(c)(3)Charitable Grant$42,500
Washington Grantmakers (wrag)Baltimore, MD501(c)(3)Charitable Grant$37,500
Congressional Black Caucus FoundationWashington, DC501(c)(3)2023 Alc Phoenix Awards$25,000
Congressional Hispanic Caucus InstituteWashington, DC501(c)(3)General Partnership$25,000
FORD'S THEATRE SOCIETYWashington, DC501(c)(3)2023 BOARD OF GOVERNORS DIRECTOR'S CIRCLE MEMBERSHIP$25,000
N Street VillageWashington, DC501(c)(3)Pledge for March 2, 2023 Gala$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization has no separate committee with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Nareit foundation's president, treasurer & secretary, together with nareit's evp, finance & fiscal management, review the form 990 in conjunction with the foundation's paid tax preparer prior to filing the form 990. Prior to filing the nareit foundation form 990 it was provided to the nareit foundation chair and the nareit chair.

Form 990, Part VI, Section C, Line 19

The governing documents and audited financial statements are not generally made available to the general public, but if requests for copies of the documents were to be received, the organization would consider making them available to the requestor.

Form 990, Part VII

* denotes board members who served 11/1/2022-10/31/2023. ** denotes board members who served 11/1/2023-10/31/2024.

Filing and Contact Details

Filer

Filer Name
Nareit Foundation
EIN
20-0455984
Phone
2027399400
Address
1875 I STREET NW 500, WASHINGTON, DC 20006-5413

Signing Officer

Name
Roberto Diaz
Title
Evp, Finance & Fiscal Mgmt
Phone
2027399400
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Wechsler
Formed
2003
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Rsm US Llp
Address
919 EAST MAIN STREET SUITE 1800, RICHMOND, VA 23219
Preparer
Meredith Bell
Phone
8042822121
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The audit oversight process has remained unchanged from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation has received a determination letter from the irs to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the code and did not have unrelated business income for the years ended december 31, 2023 and 2022. Due to its tax-exempt status, the foundation is required to file and does file tax returns with the irs. Accordingly, these consolidated financial statements do not reflect a provision for income taxes, and the foundation has no other tax positions which must be considered for disclosure. Management has analyzed the tax positions taken by the foundation, and has concluded that, as of december 31, 2023 and 2022, there were no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or assets) or disclosure in the consolidated financial statements.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt191053513
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19FORMER TREASURER & SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0455
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0897500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0897500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0897500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt023079
IRS990/GrossReceiptsAmt0958553
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt087850
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt087850
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt022624
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MAKING 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 SOCIAL RESPONSIBILITY 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02887761
IRS990/NetAssetsOrFundBalancesEOYAmt02922444
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0455
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0455
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt051603
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0153662
IRS990/NoncashContributionsAmt022624
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0971
IRS990/OfficeExpensesGrp/TotalAmt0971
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVEN WECHSLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SPONSORING EDUCATIONAL CONFERENCES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02775
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03015000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0488548
IRS990/PYInvestmentIncomeAmt08152
IRS990/PYOtherExpensesAmt07780
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02526824
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0496328
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03023152
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt034683
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0130000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02887761
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02922444
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DETERMINATION IS MADE ON A CONTINUAL BASIS THROUGH THE MONITORING OF THE SUPPORTED ORGANIZATION REVENUE AND INVESTMENT INCOME, IN ACCORDANCE WITH THE REQUIREMENTS OF THE SECTION 509(A)(2) PUBLIC SUPPORT TEST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE NAREIT FOUNDATION DOES NOT PROVIDE DIRECT SUPPORT TO ITS SUPPORTED ORGANIZATION. RATHER, IT PURSUES CHARITABLE PURPOSES THAT FURTHER THE NAREIT FOUNDATION'S MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0273586050
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NAREIT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0901246
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0935929
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE IRS TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE CODE AND DID NOT HAVE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. DUE TO ITS TAX-EXEMPT STATUS, THE FOUNDATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES, AND THE FOUNDATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSETS) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0901246
IRS990ScheduleD/TotalRevenuePerForm990Amt0935929
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0935929
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0901246
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0200000
IRS990ScheduleI/RecipientTable/CashGrantAmt180000
IRS990ScheduleI/RecipientTable/CashGrantAmt275000
IRS990ScheduleI/RecipientTable/CashGrantAmt350000
IRS990ScheduleI/RecipientTable/CashGrantAmt450000
IRS990ScheduleI/RecipientTable/CashGrantAmt550000
IRS990ScheduleI/RecipientTable/CashGrantAmt650000
IRS990ScheduleI/RecipientTable/CashGrantAmt750000
IRS990ScheduleI/RecipientTable/CashGrantAmt850000
IRS990ScheduleI/RecipientTable/CashGrantAmt950000
IRS990ScheduleI/RecipientTable/CashGrantAmt1042500
IRS990ScheduleI/RecipientTable/CashGrantAmt1137500
IRS990ScheduleI/RecipientTable/CashGrantAmt1225000
IRS990ScheduleI/RecipientTable/CashGrantAmt1325000
IRS990ScheduleI/RecipientTable/CashGrantAmt1425000
IRS990ScheduleI/RecipientTable/CashGrantAmt1525000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.30$0.29$0.91$0.62
2023Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$0.94$0.90$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.00$2.89$3.02$0.50$2.53
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.00$0.36$0.69$0.63$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.07$0.30$0.31$0.33$0.02
2019Summary only. Only limited summary data is available for this year.$0.33$0.00$0.32$0.76$0.65$0.11
2018Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$0.63$0.44$0.20
2017Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.15$0.19$0.04
2016Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.10$0.16$0.06
2015Summary only. Only limited summary data is available for this year.$0.11$0.00$0.11$0.23$0.12$0.10
2014Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.41$0.35$0.06
2013Summary only. Only limited summary data is available for this year.$0.03$0.09$0.13$0.19$0.05
2012Summary only. Only limited summary data is available for this year.$0.02$0.02$0.11$0.13$0.02
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.03$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $1M-$5M nonprofits