2026-05-14T11:20:04-04:00 2025-12-31 WITHUMSMITHBROWNPC 1800 TYSONS BOULEVARD SUITE 800 TYSONS VA 22102 990 2025-01-01 061583521 NAIOP RESEARCH FOUNDATION INC % HEDIYEH SADEGHEIN NAIO 7039047100 2355 DULLES CORNER BLVD Suite 750 HERNDON VA 20171 MARC SELVITELLI EX-OFFICIO MEMBER 7039047100 2026-05-15 true ISRAEL A TANNENBAUM P01589203 3012726000 2025 2025-03-06 01:10:19Z MARC SELVITELLI 2355 DULLES CORNER BLVD 750 HERNDON VA 20171 910455 false X WWW.NAIOP.ORG/FOUNDATION X 2000 DE THE NAIOP RESEARCH FOUNDATION FOSTERS BUILDING BETTER COMMUNITIES THROUGH PRACTICAL RESEARCH AND EDUCATION THAT ADVANCES THE QUALITY AND MAKES EVIDENT THE BENEFITS OF COMMERCIAL REAL ESTATE OWNERSHIP AND DEVELOPMENT. 10 10 0 11 0 0 495108 342952 0 0 245181 144876 0 0 740289 487828 135258 112291 0 0 95513 18210 0 0 1319 175793 208624 406564 339125 333725 148703 4724701 5495942 448519 785250 4276182 4710692 X THE NAIOP RESEARCH FOUNDATION FOSTERS BUILDING BETTER COMMUNITIES THROUGH PRACTICAL RESEARCH AND EDUCATION THAT ADVANCES THE QUALITY AND MAKES EVIDENT THE BENEFITS OF COMMERCIAL REAL ESTATE OWNERSHIP AND DEVELOPMENT. false false 309618 112291 RESEARCH - RESEARCH IS CENTERED ON HELPING DEVELOPERS, OWNERS AND OTHERS INVOLVED IN COMMERCIAL REAL ESTATE TO MEET AND EXCEED THE NEEDS AND EXPECTATIONS OF OUR COMMUNITIES, NOW AND IN THE FUTURE. IN 2025, THE FOUNDATION RELEASED TEN NEW RESEARCH PROJECTS. RESEARCH IS PROVIDED FOR FREE IN PDF FORM. 309618 true true false false false false false false false true false false false false false true false true false false true false false false false false false true true true false false false false false false false false false false false false false true false true false true 10 0 true 0 false false false false false false false false false false false false X 10 10 true false false false false true true true true false false false true true true true true false false false VA X HEDIYEH SADEGHEIN 7039047100 2355 DULLES CORNER BLVD SUITE 750 HERNDON VA 20171 MARC SELVITELLI EX-OFFICIO MEMBER 1.0 40.0 X 0 731032 42700 Jennifer Lefurgy EXECUTVE DIRECTOR(Thru 5/2/25) 1.0 40.0 X 0 76804 29684 JEAN KANE CHAIRPERSON 1.0 0.0 X X 0 0 0 FRANK P BAIRD VICE CHAIRPERSON 1.0 0.0 X X 0 0 0 ALEXANDER RICKENBAKER SECRETARY-TREASURER 1.0 0.0 X X 0 0 0 LEWIS AGNEW BOARD MEMBER (Thru 5/16/2025) 1.0 0.0 X 0 0 0 TRACY ALLEN BOARD MEMBER 1.0 0.0 X 0 0 0 COLLIN E BARR BOARD MEMBER 1.0 1.0 X 0 0 0 MOLLY R CARSON BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID GRISSOM BOARD MEMBER 1.0 0.0 X 0 0 0 DANIEL LEVISON BOARD MEMBER 1.0 0.0 X 0 0 0 KATE NOLAN BRYDEN BOARD MEMBER 1.0 1.0 X 0 0 0 MARK G LEVY Board Member (Eff. 5/19/2025) 1.0 0.0 X 0 0 0 0 807836 72384 0 false true false 0 25000 317952 342952 0 124319 124319 0 0 0 0 0 443184 422627 20557 20557 20557 0 0 0 0 0 0 0 0 0 0 0 0 0 487828 0 0 144876 45291 45291 67000 67000 0 0 0 0 18210 7101 9790 1319 0 0 0 0 0 0 0 0 18398 18398 0 0 23389 23389 0 0 0 0 0 132868 132868 0 0 0 0 FACULTY AND SPEAKERS 33969 33969 339125 309618 28188 1319 107938 126892 31136 30122 257840 181013 919553 1341165 0 0 0 0 0 0 0 0 5000 715 0 0 3403234 3816035 0 0 0 0 0 0 0 0 4724701 5495942 365510 725249 83009 60001 0 0 0 0 0 0 0 0 0 0 0 0 0 0 448519 785250 X 1074506 1254093 3201676 3456599 4276182 4710692 4724701 5495942 X 148703 285308 499 X false true X true false X 440711 524733 459849 495108 342952 2263353 0 0 440711 524733 459849 495108 342952 2263353 55222 2208131 60518 73745 96025 120920 124319 475527 0 0 2738880 0.80622 0.83218 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3176676 34806 331838 111721 3431599 2834074 190270 249005 96673 3176676 2514736 145230 268030 93922 2834074 2712169 235476 -347088 85821 2514736 2463886 147570 225374 124661 2712169 0.00000 1.00000 0.00000 false false 0 0 X PART V, LINE 4: ENDOWMENT FUNDS ARE RAISED SO THAT THE EARNINGS FROM THESE FUNDS CAN FACILITATE FUTURE RESEARCH BY THE FOUNDATION. PART X, LINE 2: U.S. GAAP requires management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by applicable taxing authorities. For the years ended December 31, 2025 and 2024, the Organization has determined that no material uncertain tax positions qualify for either recognition or disclosure in the consolidated financial statements. There has been no tax-related interest or penalties for the periods presented in these consolidated financial statements. The Organization does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Organization recognizes interest and/or penalties related to income tax matters in income tax expense and did not have any amount accrued for interest and penalties at December 31, 2025 or 2024. North America 0 0 Program Services CRE CONVERGE CONF. 79587 0 0 0 0 79587 79587 false false false false false false PART I, LINE 2: RESEARCH TOPICS ARE SUBMITTED FOR GRANT APPROVAL. ONCE APPROVED AND RESEARCH BEGINS, UPDATES ON THE RESEARCH ARE PROVIDED TO THE FOUNDATION ON SPECIFIED INTERVALS. FINAL PAYMENT OF GRANTS IS NOT MADE UNITL RESEARCH IS COMPLETE. true UNIVERSITY OF COLORADO BOULDER 420 UCB Boulder CO 803090420 846000555 501(C)(3) 30000 RESEARCH Hickey & Associates LLC 125 PARK AVE FLOOR 25 NEW YORK NY 10017 352265945 8000 RESEARCH Toyon Group 8808 Woodland Drive Silver Spring MD 20910 874798867 6000 Research 1 2 RESEARCH 5 67000 PART I, LINE 2: RESEARCH TOPICS ARE SUBMITTED FOR GRANT APPROVAL. ONCE APPROVED AND RESEARCH BEGINS, UPDATES ON THE RESEARCH ARE PROVIDED TO THE FOUNDATION ON SPECIFIED INTERVALS. FINAL PAYMENT OF GRANTS IS NOT MADE UNITL RESEARCH IS COMPLETE. false false false false false false false false false MARC SELVITELLI EX-OFFICIO MEMBER 0 492980 0 237500 0 552 0 27600 0 15100 0 773732 0 0 PART I, LINE 3: THE FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BY NAIOP INC. FORM 990, PART VI, SECTION A, LINE 2: BOARD MEMBERS COLLIN BARR AND KATE NOLAN BRYDEN AND OFFICERS MARC SELVITELLI AND JENNIFER LEFURGY HAVE A BUSINESS RELATIONSHIP THROUGH NAIOP, INC. FORM 990, PART VI, SECTION A, LINE 7A: THE TRUSTEES ARE NOMINATED BY THE NOMINATING COMMITTEE OF THE RESEARCH FOUNDATION AND ELECTED BY NAIOP'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B: THE FOUNDATION BOARD MAY AMEND OR REPEAL THE ORGANIZATION'S BYLAWS IN WHOLE OR IN PART SUBJECT TO THE APPROVAL OF THE NAIOP BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B: THE FOUNDATION ENGAGED WITH A CERTIFIED PUBLIC ACCOUNTING FIRM WITH EXPERTISE IN NON-PROFITS TO PREPARE THE FORM 990. A DRAFT COPY OF THE FORM 990 IS PROVIDED TO MANAGEMENT OF THE FOUNDATION TO REVIEW AND PROVIDE ANY COMMENTS FOR ANY PROPOSED REVISIONS. A FINAL DRAFT FORM 990 IS RESENT TO MANAGEMENT TO APPROVE BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: ALL BOARD MEMBERS EXECUTIVE COMMITTEE MEMBERS & SENIOR STAFF MEMBERS ARE REQUIRE TO ANNUALLY COMPLETE A CONFLICT OF INTEREST/DISCLOSURE STATEMENT. WHEN A COVERED PERSON HAS A CONFLICT, THE FOLLOWING STEPS WILL BE TAKEN: IF THE CONFLICT INVOLVES A BOARD MEMBER OR COMMITTEE MEMBER, THE PRESIDENT SHALL MAKE A RECOMMENDED DISPOSITION TO THE BOARD. IF THE CONFLICT INVOLVES A STAFF MEMBER, THE PRESIDENT SHALL HAVE THE AUTHORITY TO DECIDE UPON APPROPRIATE DISPOSITION. THE RECOMMENDED DISPOSITION MAY CONSIST OF ONE OF THE FOLLOWING: 1) SIMPLE DISCLOSURE WHERE THE BOARD OR ASSOCIATION'S AWARENESS OF THE DISCLOSURE IS SUFFICIENT TO CORRECT ANY BIAS; 2) RECUSAL DURING ANY REPORTING, DISCUSSION OR DECISION-MAKING REGARDING AN IMPORTANT POLICY OR PROGRAM WHEN THE CONFLICT AFFECTS THAT POLICY OR PROGRAM; OR 3) RESIGNATION WHEN THE CONFLICT RELATES TO A CONTINUING, PERVASIVE AND IMPORTANT BOARD, COMMITTEE, OR ASSOCIATION FUNCTION THAT CANNOT BE ISOLATED ON AN AGENDA SO AS TO PERMIT RECUSAL. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN TRANSACTIONS CURRENCY GAIN OF $499. NAIOP INC 2355 DULLES CORNER BLVD 750 HERNDON VA 20171 251202166 REAL ESTATE DE 501(C)(6) NA false false false true false false false false false false false false false true true true false false false false NAIOP INC C 25000 CASH NAIOP INC M 18210 FMV