Nonprofit · EIN 52-1224690
NRF FOUNDATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2026 | 990 | $12,476,331 | $10,093,298 | $2,383,033 | $23,171,647 | $6,674,928 | $16,496,719 |
| February 28, 2025 | 990 | $11,709,944 | $14,410,360 | -$2,700,416 | $25,544,235 | $12,562,013 | $12,982,222 |
| February 29, 2024 | 990 | $9,275,963 | $7,431,567 | $1,844,396 | $21,772,767 | $6,412,304 | $15,360,463 |
Financial details: 990 for the year ended February 28, 2026
Revenue
- Contributions, gifts and grants
- $2,596,000
- Program service revenue
- $10,097,292
- Investment income
- $671,782
- Net gain from sales of assets
- $155,351
- Net income from fundraising events
- -$888,743
- Other revenue
- -$888,743
Expenses
- Grants and similar amounts paid
- $874,824
- Compensation of officers, directors and key employees
- $437,436
- Other salaries and wages
- $1,292,110
- Salaries, compensation and benefits (total)
- $2,445,679
- Professional fundraising fees
- $0
- Legal fees
- $350
- Accounting fees
- $5,720
- Travel
- $267,671
- Depreciation
- $36,026
- Program services (functional)
- $7,706,274
- Management and general (functional)
- $2,387,024
Balance sheet and other
- Total assets, start of year
- $25,544,235
- Total assets, end of year
- $23,171,647
- Total liabilities, end of year
- $6,674,928
- Net assets, end of year
- $16,496,719
- Land, buildings and equipment
- $278,385
- Publicly traded securities
- $13,971,374
- Net assets without donor restrictions
- $14,661,617
- Net assets with donor restrictions
- $1,835,102
- Gross receipts
- $16,403,196
- Employees
- 0
- Volunteers
- 350
- Year formed
- 1981
- 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 February 28, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATT R SHAY | PRESIDENT AND CEO, NRF Trustee or director, Officer | 8.5 | $0 | $5,100,934 | $1,210,918 |
| STEPHANIE MARTZ | SECRETARY AND GENERAL COUN Officer | 8.5 | $0 | $971,571 | $108,903 |
| ADAM LUKOSKIE | EXECUTIVE DIRECTOR Key employee | 34 | $376,526 | $66,445 | $71,660 |
| STEVEN PRESTON | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MALEK ROBERT BOBBY AMIRSHAHI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RON BROWN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BARBRA BUKOVAC | DIRECTOR (THRU 01/26) Trustee or director | 0.5 | $0 | $0 | $0 |
| MIRI CHAN | DIRECTOR-NONVOTING (THRU 01/26) Trustee or director | 0.5 | $0 | $0 | $0 |
| ASHLEE CHICOINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MONICA DAVILA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LAURA FELICE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TONYA HALLETT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK IRVIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL KEINATH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANN SATTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN SCAGLIONE | DIRECTOR (THRU 01/26) Trustee or director | 0.5 | $0 |
| JUSTIN SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| LORRAINE STOMSKI | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD WIDDOWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| ABBEY SILBERMAN FAGIN | DIRECTOR (AS OF 01/26) Trustee or director | 0.5 | $0 |
| ALI FURMAN | DIRECTOR (AS OF 01/26) Trustee or director | 0.5 | $0 |
| REGINALD B HENDERSON | DIRECTOR (AS OF 01/26) Trustee or director | 0.5 | $0 |
| JOSHUA SECREST | DIRECTOR (AS OF 01/26) Trustee or director | 0.5 | $0 |
| SARAH STARKO | DIRECTOR-NONVOTING (AS OF 01/26) Trustee or director | 0.5 | $0 |
990 for the year ended February 28, 2025: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATT R SHAY | PRESIDENT AND CEO, NRF Trustee or director, Officer | 8.5 | $0 | $7,280,735 | $1,114,700 |
| STEPHANIE MARTZ | SECRETARY AND GENERAL COUNSEL Officer | 8.5 | $0 | $935,976 | $105,388 |
| ADAM LUKOSKIE | EXECUTIVE DIRECTOR Key employee | 34 | $290,194 | $72,548 | $58,659 |
| STEVEN PRESTON | CHAIR (AS OF 01/25) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TONY SPRING | CHAIR (THRU 01/25) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KEV ADDISON | DIRECTOR (THRU 01/25) Trustee or director | 0.5 | $0 | $0 | $0 |
| MALEK ROBERT BOBBY AMIRSHAHI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RON BROWN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BARBRA BUKOVAC | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MIRI CHAN | DIRECTOR-NONVOTING (AS OF 01/25) Trustee or director | 0.5 | $0 | $0 | $0 |
| ASHLEE CHICOINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL COLANERI | DIRECTOR (THRU 01/25) Trustee or director | 0.5 | $0 | $0 | $0 |
| MONICA DAVILA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LAURA FELICE | DIRECTOR (AS OF 01/25) Trustee or director | 0.5 | $0 | $0 | $0 |
| TONYA HALLETT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK IRVIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL KEINATH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KEITH LIPERT | DIRECTOR (THRU 01/25) Trustee or director | 0.5 | $0 | $0 | $0 |
| ANN SATTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARTIN SCAGLIONE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JUSTIN SMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LORRAINE STOMSKI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RICHARD WIDDOWSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SHERRY YASKIN | DIRECTOR (THRU 09/24) Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended February 29, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW SHAY | PRESIDENT AND CEO, NRF Trustee or director, Officer | 8.5 | $0 | $4,595,749 | $1,022,883 |
| STEPHANIE MARTZ | SECRETARY AND GENERAL COUNSEL Officer | 8.5 | $0 | $886,910 | $98,313 |
| ADAM LUKOSKIE | EXECUTIVE DIRECTOR Key employee | 34 | $229,276 | $40,460 | $38,401 |
| TONY SPRING | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| M R AMIRSHAHI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RON BROWN | DIRECTOR (AS OF 06/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| BARBRA BUKOVAC | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ASHLEE CHICOINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL COLANERI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MONICA DAVILA | DIRECTOR (AS OF 01/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN ERTELL | DIRECTOR (THRU 10/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| TONYA HALLETT | DIRECTOR (AS OF 06/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK IRVIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL KEINATH | DIRECTOR (AS OF 01/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| KEITH LIPERT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MEGAN MARR | DIRECTOR (THRU 01/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| ANN SATTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARTIN SCAGLIONE | DIRECTOR (AS OF 01/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| JUSTIN SMITH | DIRECTOR (AS OF 01/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| LORRAINE STOMSKI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KARIN NORINGTON-REAVES | DIRECTOR (THRU 06/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| RICHARD WIDDOWSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SHERRY YASKIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 NEW YORK AVE NW STE 1200, WASHINGTON, DC 20005-4348
- Principal officer (990 for 2025)
- MATTHEW SHAY, 1101 NEW YORK AVENUE NW 1200, WASHINGTON, DC 20005
- Signed the 990
- MATTHEW SHAY, PRESIDENT AND CEO, NRF
- Phone
- (202) 783-7971
- Website
- WWW.NRFFOUNDATION.ORG
- Return prepared by
- RSM US LLP
Mission
THE NRF FOUNDATION SHAPES RETAIL'S FUTURE BY BUILDING AWARENESS OF THE INDUSTRY THROUGH STATISTICS AND STORIES; DEVELOPING TALENT THROUGH EDUCATION, EXPERIENCES AND SCHOLARSHIPS; AND FOSTERING CAREER GROWTH AMONG PEOPLE WHO WORK IN RETAIL.
Program accomplishments
- RESEARCH AND RETAIL INDUSTRY PROJECTS: IN ORDER TO ENSURE FUTURE LEADERSHIP IN THE RETAIL INDUSTRY, THE FOUNDATION ACTIVELY WORKS WITH CURRENT RETAIL LEADERS, EDUCATIONAL INSTITUTIONS AND STUDENTS INFORMING AND EDUCATING THEM ABOUT CAREER PATHS WITHIN THE RETAIL INDUSTRY. THE FOUNDATION ALSO PROVIDES PLATFORMS WHERE ALL OF THESE PARTICIPANTS CAN MEET AND ENGAGE WITH ONE ANOTHER.Expenses $3,641,406 · revenue $2,194,012
- RISE UP: TRAINING AND CREDENTIALING INITIATIVE DESIGNED BY THE RETAIL INDUSTRY TO HELP PEOPLE - REGARDLESS OF EDUCATIONAL BACKGROUND, ECONOMIC MEANS OR AGE - ACQUIRE THE SKILLS THEY NEED TO LAND JOBS IN RETAIL AND ADVANCE INTO PROMISING CAREERS.Expenses $2,436,898 · revenue $7,629,175
- SCHOLARSHIP PROGRAMS: IN SUPPORT OF ITS MISSION TO ADVANCE THE INTERESTS OF THE RETAIL INDUSTRY THROUGH EDUCATION, THE FOUNDATION SPONSORS SEVERAL PROGRAMS PROVIDING SCHOLARSHIPS TO INDVIDUALS ATTENDING ELIGIBLE INSTITUTIONS WHO ARE INTERESTED IN A VARIETY OF CAREERS WITHIN THE INDUSTRY. THE CRITERIA FOR AWARDING SCHOLARSHIPS ARE FURTHER DESCRIBED IN SCHEDULE I OF THIS FORM 990.Expenses $874,824 · grants $874,824 · revenue $274,105
- CAREERS AND STUDENT OUTREACHExpenses $753,146
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | 990 on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1224690
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,171,647
- Income (IRS master file)
- $16,403,196
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2026 | $12,476,331 | $10,093,298 | $23,171,647 | XML |
| 990 | February 2025 | $11,709,944 | $14,410,360 | $25,544,235 | XML |
| 990 | February 2024 | $9,275,963 | $7,431,567 | $21,772,767 | XML |
| 990 | February 2023 | $10,843,365 | $5,533,148 | $18,080,185 | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | 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 52-1224690).
Questions about NRF FOUNDATION
- What is the EIN of NRF FOUNDATION?
- The employer identification number (EIN) of NRF FOUNDATION is 52-1224690.
- Is NRF FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to NRF FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NRF 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 NRF FOUNDATION due?
- The return for tax year 2026 (the year ending February 28, 2027) is due July 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NRF FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2026.
- Who is the principal officer of NRF FOUNDATION?
- The 990 for the year ended February 28, 2026 names MATTHEW SHAY.
- Who are the officers and directors of NRF FOUNDATION?
- The 990 for the year ended February 28, 2026 lists 24 people; 1 received compensation from the organization.
- How much revenue does NRF FOUNDATION have?
- On its 990 for the year ended February 28, 2026 it reported revenue of $12,476,331, expenses of $10,093,298 and total assets of $23,171,647 at year end.
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