2023-07-05T08:22:18-05:00 2023-02-28 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2022-03-01 521224690 NRF FOUNDATION NRFF 2027837971 1101 NEW YORK AVENUE NW 1200 WASHINGTON DC 20005 ZAHILYS HERNANDEZ-PEREZ CHIEF FINANCIAL OFFICER 2027837971 2023-07-05 1 ZAHILYS HERNANDEZ-PEREZ 999009999 0 ELIZABETH W HELLER P00397829 2022932200 2023-07-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW SHAY 1101 NEW YORK AVENUE NW 1200 WASHINGTON DC 20005 12512575 0 X WWW.NRFFOUNDATION.ORG X 1981 DC TO PURSUE THE PUBLIC EDUCATION AND RESEARCH PURPOSES OF THE NATIONAL RETAIL FEDERATION. 15 14 0 300 0 0 4000 5968400 4143458 5990245 280793 193880 0 -1309160 4428251 10843365 277250 636612 0 0 1804521 1587714 0 0 0 1742911 3308822 3824682 5533148 603569 5310217 13745201 18080185 5782501 5351098 7962700 12729087 X 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. 0 0 1667831 1530828 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. 998511 4459417 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. 636612 636612 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. 1392538 CAREERS/STUDENT OUTREACH 1392538 4695492 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT WV WI OH OK VA X ZAHILYS HERNANDEZ-PEREZ 2027837971 1101 NEW YORK AVENUE NW 1200 WASHINGTON DC 20005 MATTHEW R SHAY PRESIDENT AND CEO, NRF 8.50 41.50 X X 0 4416170 918450 TONY SPRING CHAIR 0.25 0.25 X X 0 0 0 M R AMIRSHAHI DIRECTOR 0.50 0.00 X 0 0 0 BARBRA BUKOVAC DIRECTOR 0.50 0.00 X 0 0 0 ASHLEE CHICOINE START 92022 DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL COLANERI DIRECTOR 0.50 0.00 X 0 0 0 KEVIN ERTELL START 42022 DIRECTOR 0.50 0.00 X 0 0 0 MARK IRVIN START 42022 DIRECTOR 0.50 0.00 X 0 0 0 KEITH LIPERT DIRECTOR 0.50 0.00 X 0 0 0 MEGAN MARR START 12023 DIRECTOR 0.50 0.00 X 0 0 0 DAMU MCCOY THRU 102022 DIRECTOR 0.50 0.00 X 0 0 0 ANN SATTIN START 42022 DIRECTOR 0.50 0.00 X 0 0 0 LORRAINE STOMSKI START 42022 DIRECTOR 0.50 0.00 X 0 0 0 KARIN NORINGTON-REAVES DIRECTOR 0.50 0.00 X 0 0 0 RICHARD WIDDOWSON DIRECTOR 0.50 0.00 X 0 0 0 SHERRY YASKIN DIRECTOR 0.50 0.00 X 0 0 0 STEPHANIE MARTZ SECRETARY AND GENERAL COUNSEL 8.50 41.50 X 0 826949 95000 ADAM LUKOSKIE VP 40.00 0.00 X 229691 0 33134 WILLIAM THORNE EXEC DIR, NRFF/SVP, PR NRF 25.00 25.00 X 349064 349063 89450 578755 5592182 1136034 0 0 1 0 CCMH TIMES SQUARE LLC 6903 ROCKLEDGE DRIVE SUITE 1500 BETHESDA MD 20817 CONFERENCE LODGING 553833 OPEN BOX 9 LLC 3805 12TH STREET NE WASHINGTON DC 20017 DESIGN SERVICES 166733 STAGWELL MEDIA LLC 1150 18TH STREET NW WASHINGTON DC 20036 EDUCATIONAL CONTENT 110000 3 5748400 220000 5968400 ASSESS/CERTIFICATIONS 611430 4336292 4336292 SPONSORSHIPS 611710 1003175 1003175 PUBLICATIONS 611600 650778 650778 5990245 193880 193880 360050 5748400 1669210 -1309160 -1309160 10843365 5990245 0 -1115280 X 636612 636612 586101 531101 55000 582525 501225 81300 352962 301797 51165 66126 58414 7712 3830 3830 1631061 1626061 5000 432865 429420 3445 224619 162113 62506 5002 3500 1502 46515 31592 14923 433189 411857 21332 500000 500000 28341 28341 OTHER SERVICES 3400 1800 1600 5533148 4695492 837656 0 7509676 9846184 849912 2123278 333460 400506 226640 226640 28341 0 5023812 5663670 0 46547 13745201 18080185 128999 1489359 5613892 3861739 39610 0 5782501 5351098 X 5891248 10785768 2071452 1943319 7962700 12729087 13745201 18080185 5310217 -543830 0 X 0 1 X 1 0 X 2352133 4000348 159690 4000 5968400 12484571 3155240 2771783 2320761 4143458 6350295 18741537 5507373 6772131 2480451 4147458 12318695 31226108 54250 24690 3000 81940 0 54250 24690 3000 81940 31144168 218729 227204 174680 280793 193880 1095286 218729 227204 174680 280793 193880 1095286 5726102 6999335 2655131 4428251 12512575 32321394 0.96360 0.95240 0.03390 0.04460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 226640 226640 0 0 GALA/AUCTION 6108450 5748400 360050 643930 476077 26708 522495 6108450 5748400 360050 643930 476077 26708 522495 1669210 -1309160 1 SCHOLARSHIPS 509 636612 0 PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS TO DEGREE CANDIDATES ENROLLED AT ELIGIBLE INSTITUTIONS. SPECIFIC CRITERIA SUCH AS GPA, YEAR IN SCHOOL, AND SUBMISSION OF COMPLETE APPLICATION, RECOMMENDATIONS, ETC. MUST BE MET IN ORDER TO QUALIFY FOR THESE SCHOLARSHIPS. CANDIDATES' APPLICATIONS ARE SUBJECT TO MULTIPLE ROUNDS OF JUDGING BY INDEPENDENT PARTIES INVOLVED IN THE RETAIL INDUSTRY. UPON AWARD, THE SCHOLARSHIP IS FORWARDED TO THE INSTITUTION IN WHICH THE STUDENT IS ENROLLED. IN RARE CASES, WE SEND FUNDS DIRECTLY TO THE STUDENT. THIS IS USUALLY A NON-MEMBER SCHOOL. 0 1 0 0 0 0 0 0 0 MATTHEW R SHAY PRESIDENT AND CEO, NRF 0 2283334 0 1650000 0 482836 0 754050 0 164400 0 5334620 0 0 STEPHANIE MARTZ SECRETARY AND GENERAL COUNSEL 0 568750 0 210000 0 48199 0 54050 0 40950 0 921949 0 0 WILLIAM THORNE EXEC DIR, NRFF/SVP, PR NRF 245834 245833 83500 83500 19730 19730 27025 27025 17700 17700 393789 393788 0 0 ADAM LUKOSKIE VP 229691 0 0 0 0 0 16334 0 16800 0 262825 0 0 0 PART I, LINE 3 NATIONAL RETAIL FEDERATION, A RELATED ORGANIZATION OF NRF FOUNDATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -WRITTEN EMPLOYMENT CONTRACT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE NRF'S PRESIDENT AND CEO ESTABLISHES THE COMPENSATION OF THE OTHER OFFICERS OF THE ORGANIZATION. IN SETTING THE COMPENSATION, THE PRESIDENT AND CEO CONSIDERS PERFORMANCE TO GOALS AS WELL AS COMPARABILITY DATA. THESE DECISIONS ARE REVIEWED WITH THE COMPENSATION COMMITTEE ANNUALLY AND THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THE COMPENSATION DECISIONS. PART I, LINE 4B THE PRESIDENT AND CEO PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS DESCRIBED IN SECTION 457F OF THE IRC. PAYMENTS TO THE 457F PLAN CONSIST OF CONTRIBUTIONS BY THE PRESIDENT AND CEO'S EMPLOYER, NATIONAL RETAIL FEDERATION, A RELATED ORGANIZATION EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(6). THERE WAS A 457F CONTRIBUTION OF $800,000 IN THE CURRENT YEAR. PART I, LINE 7 : THE NATIONAL RETAIL FEDERATION HAS ESTABLISHED AN INCENTIVE COMPENSATION PACKAGE FOR ITS EXECUTIVE TEAM AND ALL RELATED ENTITIES. THE EXECUTIVE DIRECTOR OF THE NRF FOUNDATION PARTICIPATES IN THIS PROGRAM. AT YEAR END, UPON SUCCESSFUL COMPLETION OF PERFORMANCE GOALS, PARTICIPANTS ARE AWARDED A BONUS. THE 2/28/2023 BONUS PROGRAM WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE NRF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B NRF'S FINANCE COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF DIRECTORS AND IS RESPONSIBLE FOR THE FINANCIAL AND ACCOUNTING MATTERS OF THE FEDERATION AND THE FOUNDATION. AS SUCH, THE FINANCE COMMITTEE HAS PRIMARY BOARD RESPONSIBILITY FOR THE REVIEW OF THE FOUNDATION'S OPERATING BUDGET AND AUDITED FINANCIAL STATEMENTS. IN ITS BOARD AUTHORIZED ROLE, THE FINANCE COMMITTEE ALSO REVIEWS THE FORM 990 WITH THE FOUNDATION'S MANAGEMENT. A COMPLETE COPY OF THE 2022 FORM 990 WAS SHARED WITH THE FINANCE COMMITTEE PRIOR TO ITS FILING. THE FINAL RETURN WAS SIGNED BY THE FOUNDATION'S TAX ADVISOR, RSM US LLP, AND THE FOUNDATION'S CFO AND WAS FILED ON A TIMELY BASIS. FORM 990, PART VI, SECTION B, LINE 12C FOUNDATION EMPLOYEES ADHERE TO THE GUIDELINES ESTABLISHED BY THE NATIONAL RETAIL FEDERATION (NRF). NRF PERIODICALLY REVIEWS ITS BUSINESS ETHICS AND EMPLOYEE CONDUCT POLICY WITH STAFF. BOARD MEETINGS OF THE NRF FOUNDATION ARE OPENED WITH EITHER A WRITTEN DISTRIBUTION OF THE NRF ANTITRUST GUIDELINES OR A GENERAL REFERENCE TO THE FACT THAT THE NRF FOUNDATION DOES FOLLOW SUCH GUIDELINES AND THOSE ATTENDING THE MEETING ARE REQUESTED TO ADHERE TO THEM. THE FOUNDATION'S GOVERNING BODY ALSO ATTESTS ANNUALLY TO THE NRF CONFLICT OF INTEREST POLICY ADOPTED BY THE NRF FOUNDATION BOARD. IN THE EVENT A CONFLICT IS DETERMINED, THE BOARD MEMBER WITH THE CONFLICT IS ASKED TO RECUSE HIM OR HERSELF FROM VOTING ON THE MATTER UNDER DISCUSSION. FORM 990, PART VI, SECTION C, LINE 19 THE NRF FOUNDATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,626,061. MANAGEMENT AND GENERAL EXPENSES 5,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,631,061. NATIONAL RETAIL FEDERATION 1101 NEW YORK AVENUE NW SUITE 1200 WASHINGTON DC 20005 135582627 TRADE ASSOCIATION NY 501(C)(6) N/A 0 NRF POLITICAL ACTION COMMITTEE 1101 NEW YORK AVENUE NW SUITE 1200 WASHINGTON DC 20005 SEPARATE SEGREGATED FUND DC 527 NATIONAL RETAIL FEDERATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 NATIONAL RETAIL FEDERATION P 1925115 COST NATIONAL RETAIL FEDERATION S 414923 COST NATIONAL RETAIL FEDERATION R 569814 COST