Nareit Foundation EIN 20-0455984

Nareit Foundation

EIN  20-0455984 Supporting organization Washington, DC Founded 2003
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Sponsors public conferences, publishes educational materials, and donates to charities.
Leadership
Steven Wechsler · President
Money in and out
$568K revenue, $1.5M expenses
Bottom line
-160% net inflow

Sponsors public conferences, publishes educational materials, and donates to charities. For fiscal year 2025 it reported $568K in revenue, $1.5M in expenses, and $1.4M in net assets.Pt I

Money in and out · FY2025
Total revenue
$568K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$906K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Net inflow
-160%
revenue over expenses, this year▲ +25% vs prior filing year
Pass-through gifts
95%
of revenue from contributions▲ +31% vs prior filing year
Program spending
100%
of expenses reach stated programs0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$568K
FY2025▲ +96%
Expenses
$1.5M
FY2025▲ +62%
Total assets
$1.4M
FY2025▼ -39%
Total liabilities
$0
FY2025
Total revenue
$568K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$906K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $1.5M of program spending, described in the organization's own filed words · FY2025.
01

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).

$1.5Mprogram expense
02

Sponsoring educational conferences.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNareit Foundation
EINHdr · item D20-0455984
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2003
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S114)
Ruling yearIRS BMFFeb 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Nareit Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$538K · 95%
Investment income$30K · 5%
Contributions & grants95%$538K
Investment income5%$30K
Total revenueLn 12$568K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$1.5M
Management & general$2K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed11.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $1.5M
11.4 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.5M
100%
Management & General
Management & general $2K · Total expenses $1.5M
0%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $532K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $538K · Total revenue $568K
95%
Government reliance
Government grants — · Total revenue $568K
Earned-income share
Program service revenue $0 · Total revenue $568K
0%
Investment reliance
Investment income $30K · Total revenue $568K
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.5M
0%
Growth & trend
Revenue growth (YoY)
This year $568K · Prior year $290K
+96%
Revenue CAGR
FY2020 $312K · FY2025 $568K
+13%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $568K · Expenses $1.5M
-160%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steven Wechsler · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $1.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.5M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 96%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$130K
Grants paid · 77 grants · $4.6M · 2020–2025
Morehouse CollegeGA · FY2025$250,000
The@empify Foundation INCGA · FY2025$100,000
Robert a Toigo FoundationCA · FY2025$100,000
Project Destined INCDC · FY2025$100,000
Paradigm for Parity INCNY · FY2025$100,000
NafNY · FY2025$100,000
Building Markets LtdNY · FY2025$100,000
Project Vision HawaiiHI · FY2025$80,000
Rutgers the State UniversityNJ · FY2025$50,000
Project Hawaii INCHI · FY2025$50,000
Ford S Theatre SocietyDC · FY2025$23,340
N Street Village INCDC · FY2025$14,200
See all 77 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$568K revenue · viewing · ⤓ 990 PDF
FY2024$290K revenue · ⤓ 990 PDF
FY2023$936K revenue · ⤓ 990 PDF
FY2022$3.0M revenue · ⤓ 990 PDF
FY2021$688K revenue · ⤓ 990 PDF
FY2020$312K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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