Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EVENTS

  total $55,402,610 · related or exempt $55,402,610

• 2b · Program service revenue: MEMBERSHIP DUES

  total $8,973,744 · related or exempt $8,973,744

• 2c · Program service revenue: SPECIAL PROJECTS

  total $504,264 · related or exempt $504,264

• 2d · Program service revenue: MEMBER PROGRAMS

  total $358,409 · related or exempt $358,409

• 3 · Investment income

  total $1,083,187 · excluded $1,083,187

• 5 · Royalties

  total $478,731 · unrelated business $478,731

• 7a · Gross sales of assets other than inventory

  securities $23,116,461

• 7b · Less cost or other basis and sales expenses

  securities $21,421,224

• 7c · Gain or loss

  securities $1,695,237

• 7d · Net gain or loss

  total $1,695,237 · excluded $1,695,237

• 11a · Other revenue: OTHER MISCELLANEOUS REVENUE

  total $146,801 · excluded $146,801

• 11e · Other revenue, total

  $146,801

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $6,603,855

• 7 · Other salaries and wages

  total $17,860,679

• 8 · Pension plan contributions

  total $393,307

• 9 · Other employee benefits

  total $390,060

• 10 · Payroll taxes

  total $3,432,044

• 11b · Fees: legal

  total $2,364,640

• 11c · Fees: accounting

  total $86,133

• 11d · Fees: lobbying

  total $1,361,848

• 11f · Fees: investment management

  total $67,540

• 11g · Fees: other

  total $2,885,784

• 12 · Advertising and promotion

  total $866,266

• 13 · Office expenses

  total $2,624,156

• 14 · Information technology

  total $1,526,014

• 16 · Occupancy

  total $2,557,627

• 17 · Travel

  total $1,126,021

• 19 · Conferences, conventions and meetings

  total $19,562,948

• 20 · Interest

  total $344,197

• 22 · Depreciation, depletion and amortization

  total $823,670

• 23 · Insurance

  total $121,526

• 24a · Other expenses: BUS & REPRESENTATION

  total $1,355,343

• 24b · Other expenses: DUES

  total $758,379

• 24c · Other expenses: BAD DEBT EXPENSE

  total $60,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,395,152 · end of year $2,487,314

• 4 · Accounts receivable

  beginning of year $1,912,387 · end of year $3,052,567

• 9 · Prepaid expenses and deferred charges

  beginning of year $948,700 · end of year $2,214,920

• 10a · Land, buildings and equipment: cost or other basis

  $7,538,210

• 10b · Land, buildings and equipment: accumulated depreciation

  $6,269,266

• 10c · Land, buildings and equipment, net

  beginning of year $1,073,703 · end of year $1,268,944

• 11 · Investments: publicly traded securities

  beginning of year $32,612,102 · end of year $35,804,398

• 14 · Intangible assets

  beginning of year $0 · end of year $1,047,939

• 15 · Other assets

  beginning of year $6,936,378 · end of year $10,032,081

• 17 · Accounts payable and accrued expenses

  beginning of year $13,646,132 · end of year $15,566,918

• 19 · Deferred revenue

  beginning of year $11,960,392 · end of year $13,403,495

• 21 · Escrow or custodial account liability

  end of year $200,000

• 24 · Unsecured notes and loans payable

  beginning of year $4,006,716 · end of year $4,400,913

• 25 · Other liabilities

  beginning of year $5,527,743 · end of year $6,572,665

• 27 · Net assets without donor restrictions

  beginning of year $11,737,439 · end of year $15,764,172

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL IS PROVIDED TO NRF EMPLOYEES ON AN EXCEPTION BASIS FOR OVERSEAS TRAVEL. IT IS NOT INCLUDED AS COMPENSATION ON A W-2 AS WE CONSIDER IT PART OF DOING BUSINESS. THE CEO CONTRACT REQUIRES SPOUSAL PARTICIPATION IN A LIMITED NUMBER OF EVENTS THROUGHOUT THE YEAR. THIS IS A BUSINESS REQUIREMENT AND AS SUCH IS NOT REPORTED ON A W-2. NRF PAYS MONTHLY CLUB DUES FOR ONE HCE FOR BUSINESS PURPOSES. ANY NON-BUSINESS USE IS REPORTED AS COMPENSATION ON THE HCE'S W-2.

PART I, LINE 4B

THE CEO PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS DESCRIBED IN SECTION 457F OF THE IRC. PAYMENTS TO THE 457F PLAN CONSIST OF EMPLOYER CONTRIBUTIONS. THERE WAS A 457F CONTRIBUTION OF $800,000 IN THE CURRENT YEAR.