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Nonprofit · EIN 20-0455984

NAREIT FOUNDATION

Tax-exempt · WASHINGTON, DC 20006

Financials

$936K$901K2023$290K$911K2024$568K$1.5M2025
Revenue Expenses · by fiscal year end
Financials of NAREIT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$567,686$1,473,547-$905,861$1,396,106$0$1,396,106
December 31, 2024990$290,348$910,825-$620,477$2,301,967$0$2,301,967
December 31, 2023990$935,929$901,246$34,683$2,922,444$0$2,922,444
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$537,500
Program service revenue
$0
Investment income
$30,186
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,461,550
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$1,472,036
Management and general (functional)
$1,511

Balance sheet and other

Total assets, start of year
$2,301,967
Total assets, end of year
$1,396,106
Total liabilities, end of year
$0
Net assets, end of year
$1,396,106
Net assets without donor restrictions
$307,824
Net assets with donor restrictions
$1,088,282
Gross receipts
$567,686
Employees
0
Volunteers
10
Year formed
2003
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEVEN WECHSLERPRESIDENT
Trustee or director, Officer
0$0$2,902,886$71,812
CATHERINE BARRETREASURER & SECRETARY
Trustee or director, Officer
1$0$882,405$88,375
LESLIE D HALECHAIR
Trustee or director, Officer
0$0$0$0
THOMAS J BALTIMORE JRBOARD MEMBER
Trustee or director
1$0$0$0
CONOR C FLYNNBOARD MEMBER
Trustee or director
0$0$0$0
W MATTHEW KELLYBOARD MEMBER
Trustee or director
0$0$0$0
LISA PALMERBOARD MEMBER
Trustee or director
0$0$0$0
MARK J PARRELLBOARD MEMBER
Trustee or director
0$0$0$0
JAMES F RISOLEOBOARD MEMBER
Trustee or director
1$0$0$0
SUMIT ROYBOARD MEMBER
Trustee or director
0$0$0$0
STEVEN VONDRANBOARD MEMBER
Trustee or director
0$0$0$0
BENJAMIN W SCHALLCHAIR
Trustee or director, Officer
0$0$0$0
THOMAS J BALTIMORE JRBOARD MEMBER
Trustee or director
1$0$0$0
CONOR C FLYNNBOARD MEMBER
Trustee or director
0$0$0$0
LESLIE D HALEBOARD MEMBER
Trustee or director
0$0$0$0
5 more people on this return
NameTitleHours / weekCompensation
W MATTHEW KELLYBOARD MEMBER
Trustee or director
0$0
MARK J PARRELLBOARD MEMBER
Trustee or director
0$0
JAMES F RISOLEOBOARD MEMBER
Trustee or director
1$0
SUMIT ROYBOARD MEMBER
Trustee or director
0$0
STEVEN VONDRANBOARD MEMBER
Trustee or director
0$0
990 for the year ended December 31, 2024: 20 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEVEN WECHSLERPRESIDENT
Trustee or director, Officer
0$0$2,806,329$68,663
CATHERINE BARRETREASURER & SECRETARY
Trustee or director, Officer
1$0$837,185$83,466
MARK J PARRELLCHAIR
Trustee or director, Officer
0$0$0$0
THOMAS A BARTLETTBOARD MEMBER (THRU 2/1/24)
Trustee or director
0$0$0$0
CONOR C FLYNNBOARD MEMBER
Trustee or director
0$0$0$0
W MATTHEW KELLYBOARD MEMBER
Trustee or director
0$0$0$0
MARGUERITE M NADERBOARD MEMBER
Trustee or director
0$0$0$0
LISA PALMERBOARD MEMBER
Trustee or director
0$0$0$0
JAMES F RISOLEOBOARD MEMBER
Trustee or director
1$0$0$0
SUMIT ROYBOARD MEMBER
Trustee or director
0$0$0$0
DONALD C WOODBOARD MEMBER
Trustee or director
1$0$0$0
LESLIE D HALECHAIR
Trustee or director, Officer
0$0$0$0
THOMAS J BALTIMORE JRBOARD MEMBER
Trustee or director
1$0$0$0
CONOR C FLYNNBOARD MEMBER
Trustee or director
0$0$0$0
W MATTHEW KELLYBOARD MEMBER
Trustee or director
0$0$0$0
LISA PALMERBOARD MEMBER
Trustee or director
0$0$0$0
MARK J PARRELLBOARD MEMBER
Trustee or director
0$0$0$0
JAMES F RISOLEOBOARD MEMBER
Trustee or director
1$0$0$0
SUMIT ROYBOARD MEMBER
Trustee or director
0$0$0$0
STEVEN VONDRANBOARD MEMBER
Trustee or director
0$0$0$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEVEN WECHSLERPRESIDENT
Trustee or director, Officer
1$0$2,685,856$64,796
TONY EDWARDSFORMER TREASURER & SECRETARY
Former
1$0$1,053,513$67,260
CATHERINE BARRETREASURER & SECRETARY
Trustee or director, Officer
1$0$781,490$78,419
SUMIT ROYCHAIR
Trustee or director, Officer
0$0$0$0
THOMAS A BARTLETTBOARD MEMBER
Trustee or director
0$0$0$0
CONOR C FLYNNBOARD MEMBER
Trustee or director
0$0$0$0
W MATTHEW KELLYBOARD MEMBER
Trustee or director
0$0$0$0
MARGUERITE M NADERBOARD MEMBER
Trustee or director
0$0$0$0
LISA PALMERBOARD MEMBER
Trustee or director
0$0$0$0
JAMES F RISOLEOBOARD MEMBER
Trustee or director
0$0$0$0
DONALD C WOODBOARD MEMBER
Trustee or director
0$0$0$0
MARK J PARRELLCHAIR
Trustee or director, Officer
0$0$0$0
THOMAS A BARTLETTBOARD MEMBER
Trustee or director
0$0$0$0
CONOR C FLYNNBOARD MEMBER
Trustee or director
0$0$0$0
W MATTHEW KELLYBOARD MEMBER
Trustee or director
0$0$0$0
MARGUERITE M NADERBOARD MEMBER
Trustee or director
0$0$0$0
LISA PALMERBOARD MEMBER
Trustee or director
0$0$0$0
JAMES F RISOLEOBOARD MEMBER
Trustee or director
0$0$0$0
SUMIT ROYBOARD MEMBER
Trustee or director
0$0$0$0
DONALD C WOODBOARD MEMBER
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
1875 I ST NW STE 500, WASHINGTON, DC 20006-5425
In care of
% NATL ASSN REAL ESTATE INVESTMENT
Principal officer (990 for 2025)
STEVEN WECHSLER, 1875 I STREET NW 500, WASHINGTON, DC 200065413
Signed the 990
STEVEN WECHSLER, EVP, FINANCE & FISCAL MGMT
Phone
(202) 739-9400
Return prepared by
RSM US LLP

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 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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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).
    Expenses $1,470,500 · grants $1,461,550
  • SPONSORING EDUCATIONAL CONFERENCES.
    Expenses $1,536

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-0455984
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,396,106
Income (IRS master file)
$567,686

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$567,686$1,473,547$1,396,106IRS
990December 2024$290,348$910,825$2,301,967XML
990December 2023$935,929$901,246$2,922,444XML
990December 2022$3,023,152$496,328$2,887,761IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0455984).

Questions about NAREIT FOUNDATION

What is the EIN of NAREIT FOUNDATION?
The employer identification number (EIN) of NAREIT FOUNDATION is 20-0455984.
Is NAREIT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to NAREIT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does NAREIT FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NAREIT FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NAREIT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of NAREIT FOUNDATION?
The 990 for the year ended December 31, 2025 names STEVEN WECHSLER.
Who are the officers and directors of NAREIT FOUNDATION?
The 990 for the year ended December 31, 2025 lists 20 people; 0 received compensation from the organization.
How much revenue does NAREIT FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $567,686, expenses of $1,473,547 and total assets of $1,396,106 at year end.

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