Overview
What is Nrf Foundation?
The Nrf Foundation, based in Washington D.C., is a nonprofit organization dedicated to fostering growth within the retail industry. By collaborating with industry leaders, educational institutions, and students, they aim to inform and educate about potential career paths within retail. They provide platforms for these participants to connect and engage, ultimately shaping the future of retail. To fulfill their educational and research objectives, as per the National Retail Federation, the foundation raises awareness of the industry through statistics and stories, develops talent through education and scholarships, and promotes career advancement for individuals working in retail. The foundation's headquarters can be found at 1101 New York Avenue NW, 1200, Washington, D.C., 20005.
Official website here: www.nrffoundation.org
What are the reviews and ratings of this charity?
**Nrf Foundation (EIN: 521224690) - Charity Navigator Rating: 96% (Four-Star out of Four Stars)**
The Nrf Foundation has achieved a commendable Four-Star rating from Charity Navigator, signifying a high level of accountability and financial health. The charity's score is primarily driven by exceptional performance in its accountability and finance metrics, highlighting its robust governance structure with a board comprising 94% independent members and a solid financial management system showcased by a low liability-to-assets ratio.
Strengths of the organization include a comprehensive set of policies that address conflicts of interest and whistleblower protections, ensuring transparency and ethical conduct. Additionally, the high program expense ratio indicates that a significant portion of the charity's funds is directed towards its programs, demonstrating a commitment to fulfilling its mission effectively. However, a critical limitation noted is the absence of the tax form on the nonprofit's website as required, which may detract from overall transparency.
Unfortunately, user reviews from GreatNonprofits could not be fetched, limiting insight into personal experiences and sentiment regarding the foundation's impact and initiatives. Overall, the Nrf Foundation appears to maintain a strong reputation for financial responsibility, though further engagement with the community and visibility of user feedback could enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Nrf Foundation legitimate?
Nrf Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nrf Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $586,101
Professional Fundraising Fees: $0
Other Salaries and Wages: $582,525
For more financial information, click here
Official website here: www.nrffoundation.org
What is the mission statement of Nrf Foundation?
The Nrf Foundation's mission is geared towards promoting the educational and research purposes of the National Retail Federation. In pursuit of this goal, the foundation plays a significant role in shaping the future of retail by fostering awareness of the industry through data and stories, developing talent through educational programs and scholarships, and encouraging career growth among individuals working in retail. To ensure a robust future leadership in the retail sector, the foundation collaborates with current retail leaders, educational institutions, and students, providing them with insights about career paths within the industry. The foundation also offers platforms for these participants to interact and engage with each other.
Official website here: www.nrffoundation.org
Who is the CEO of Nrf Foundation?
Matthew Shay is the Principal Officer of Nrf Foundation. The CEO's salary of Nrf Foundation is $0 and their total compensation is $5,334,620.
Official website here: www.nrffoundation.org
What is the revenue of Nrf Foundation?
Nrf Foundation's revenue in 2023 was $10,843,365.
Official website here: www.nrffoundation.org
Who are the executives of Nrf Foundation and what are their salaries?
There 300 volunteers at Nrf Foundation.
Here are 19 key members and their salaries (Nrf Foundation's CEO's salary is $0 and their total compensation is $5,334,620):
- Compensation: $0
- Related: $4,416,170
- Other: $918,450
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $826,949
- Other: $95,000
- Compensation: $229,691
- Related: $0
- Other: $33,134
- Compensation: $349,064
- Related: $349,063
- Other: $89,450
Official website here: www.nrffoundation.org
Where can I find the form 990 for Nrf Foundation?
Nrf Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nrffoundation.org
Learn more at the official website: www.nrffoundation.org
Mission Statement of Nrf Foundation
The Nrf Foundation, with a purpose driven by public education and research, shapes the future of the retail industry. It achieves this by fostering awareness of the sector through statistical data and compelling narratives. The organization also plays a significant role in developing talent within the retail industry by offering educational opportunities, experiences, and scholarships. Furthermore, the Nrf Foundation encourages career growth among individuals working in retail, providing platforms where these participants can connect and engage with one another. By actively collaborating with current retail leaders, educational institutions, and students, the Foundation ensures a robust pipeline of future leaders in the retail industry.
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Impact
July, 2024
The Nrf Foundation plays a significant role in shaping the future of the retail industry by building awareness, developing talent, and fostering career growth among individuals working in retail. Through its activities focused on public education and research, the foundation actively engages with current retail leaders, educational institutions, and students to inform and educate them about the various career paths within the retail industry. By providing platforms for these stakeholders to meet and interact, the foundation contributes to creating a more dynamic and informed retail sector. Additionally, the NRF Foundation offers scholarships and educational experiences aimed at cultivating talent and preparing the next generation of leaders in the retail industry. Overall, the impact of the Nrf Foundation extends beyond individual career growth to the broader advancement and sustainability of the retail sector.
This information is meant to be a general summary of Nrf Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $193,880
- Program Service Revenue: $5,990,245
- Gross Receipts: $12,512,575
Assets and Liabilities:
- Total Assets: $18,080,185
- Total Liabilities: $5,351,098
- Net Assets: $12,729,087
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESS/CERTIFICATIONS
Revenue
$4,336,292
SPONSORSHIPS
Revenue
$1,003,175
PUBLICATIONS
Revenue
$650,778
Organization Details
Founding Year
1981
Phone
(202) 783-7971Principal Officer
Matthew Shay
Main Address
1101 NEW YORK AVENUE NW 1200, WASHINGTON, DC, 20005
Website
www.nrffoundation.orgNTEE Category
Code: J20 - Employment
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