National Association Of Real Estate Investment Trust Inc
- Assets
- $40.4m
- Revenue
- $33.3m
- Investments
- $0.0
- Employees
- 60
- Location
- Washington, DC
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-3586050
Organization Overview
National Association Of Real Estate Investment Trust Inc, operating under the name Nareit, is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Nareit employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nareit is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Nareit generated $33.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $34.2m during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 4 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
FURTHER THE INTERESTS OF REITS AND OTHERS THAT OWN, OPERATE, & FINANCE INCOME-PRODUCING R.E.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS ARE INTEGRAL TO KEEPING MEMBERS AND THE PUBLIC INFORMED OF THE LEGISLATIVE ENVIRONMENT SURROUNDING REITS AND THE REAL ESTATE INDUSTRY AS A WHOLE.
COMMUNICATIONS AND PUBLICATIONS ARE PRODUCED AND DISSEMINATED TO KEEP MEMBERSHIP, AND THE PUBLIC AT LARGE, INFORMED OF CURRENT INDUSTRY ISSUES. PUBLICATIONS INCLUDE INDUSTRY EDUCATIONAL MATERIALS, AND RESULTS OF INDUSTRY AND EDUCATIONAL RESEARCH.
CONFERENCES AND SEMINARS BRING MEMBERS AND EXPERTS IN THE BUSINESS OF REAL ESTATE INVESTMENT TRUSTS TOGETHER TO CONFER, CONSULT, AND COOPERATE TO ADDRESS INDUSTRY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite M Nader Chair | OfficerTrustee | 1 | $0 |
James B Connor First Vice Chair | OfficerTrustee | 1 | $0 |
Lisa Palmer Second Vice Chair | OfficerTrustee | 1 | $0 |
W Matthew Kelly Treasurer | OfficerTrustee | 1 | $0 |
Peter E Baccile Executive Board Member | Trustee | 1 | $0 |
Thomas A Bartlett Executive Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Decorating Co Audio Visual & Set Production Services | 12/30/22 | $1,278,501 |
Ernst & Young Us Llp Strategic Advisory Consultant | 12/30/22 | $430,600 |
Cvent Event Management Technology | 12/30/22 | $399,228 |
Anthology Marketing Group Inc Hawaii Strategic Advisory Consultant | 12/30/22 | $318,366 |
Daniel J Edelman Communications Consultant | 12/30/22 | $276,731 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,799,076 |
| Investment income | $764,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,454,159 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $161,523 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,272,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,130,000 |
| 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. | $6,299,412 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,651,422 |
| Pension plan accruals and contributions | $424,338 |
| Other employee benefits | $950,900 |
| Payroll taxes | $710,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $339,338 |
| Fees for services: Accounting | $73,126 |
| Fees for services: Lobbying | $2,015,929 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,149 |
| Fees for services: Other | $2,735,621 |
| Advertising and promotion | $209,669 |
| Office expenses | $97,487 |
| Information technology | $141,136 |
| Royalties | $0 |
| Occupancy | $1,050,333 |
| Travel | $373,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,174,958 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,423 |
| Insurance | $151,075 |
| All other expenses | $1,032,546 |
| Total functional expenses | $34,223,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,482 |
| Savings and temporary cash investments | $4,754,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,800,237 |
| 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 | $691,646 |
| Net Land, buildings, and equipment | $735,662 |
| Investments—publicly traded securities | $24,736,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $569,794 |
| Other assets | $7,068,664 |
| Total assets | $40,371,097 |
| Accounts payable and accrued expenses | $9,192,067 |
| Grants payable | $0 |
| Deferred revenue | $8,582,973 |
| 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 | $7,943,611 |
| Total liabilities | $25,718,651 |
| Net assets without donor restrictions | $14,652,446 |
| Net assets with donor restrictions | $0 |
| 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 | $40,371,097 |
Grants Awarded
Over the last fiscal year, National Association Of Real Estate Investment Trust Inc has awarded $1,130,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NAREIT FOUNDATION PURPOSE: CONTRIBUTION TO DDEI INITIATIVE | $1,000,000 |
NAREIT FOUNDATION PURPOSE: GENERAL OPERATIONS SUPPORT | $130,000 |