Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SERVICE INCOME

  total $448,021 · related or exempt $448,021

• 2b · Program service revenue: MEMBERSHIP DUES

  total $98,535 · related or exempt $98,535

• 2c · Program service revenue: MEMBER EVENTS

  total $28,070 · related or exempt $28,070

• 3 · Investment income

  total $396,679 · excluded $396,679

• 7a · Gross sales of assets other than inventory

  securities $4,870,277

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

  securities $5,692,658

• 7c · Gain or loss

  securities -$822,381

• 7d · Net gain or loss

  total -$822,381 · excluded -$822,381

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $310,387

• 7 · Other salaries and wages

  total $439,921

• 9 · Other employee benefits

  total $219,693

• 11b · Fees: legal

  total $34,076

• 11c · Fees: accounting

  total $19,031

• 11f · Fees: investment management

  total $83,636

• 11g · Fees: other

  total $56,601

• 12 · Advertising and promotion

  total $30,587

• 13 · Office expenses

  total $25,847

• 16 · Occupancy

  total $96,621

• 17 · Travel

  total $27,493

• 20 · Interest

  total $33,650

• 23 · Insurance

  total $17,225

• 24a · Other expenses: CHARITABLE CONTRIBUTION

  total $17,365

• 24b · Other expenses: EDUCATIONS AND SEMINARS

  total $72,993

• 24c · Other expenses: OTHER OPERATING EXPENSE

  total $50,972

• 24d · Other expenses: POLITICAL CONTRIBUTIONS

  total $25,000

• 24e · All other expenses

  total $21,632

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $504,958 · end of year $398,603

• 4 · Accounts receivable

  beginning of year $152,902 · end of year $127,934

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

  $1,766,152

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

  $456,240

• 10c · Land, buildings and equipment, net

  beginning of year $1,346,294 · end of year $1,309,912

• 11 · Investments: publicly traded securities

  beginning of year $27,178,139 · end of year $21,164,815

• 15 · Other assets

  beginning of year $14,854 · end of year $42,723

• 17 · Accounts payable and accrued expenses

  beginning of year $143,290 · end of year $99,164

• 23 · Secured mortgages and notes payable

  beginning of year $801,289 · end of year $762,641

• 25 · Other liabilities

  beginning of year $2,590,940 · end of year $1,763,243

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $25,661,628 · end of year $20,418,939

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PROVIDES ACCOMODATIONS ONLY FOR THE SPOUSES OF BOARD MEMBERS WHO ATTEND THE ANNUAL BOARD RETREAT. ALL OTHER TRAVEL COSTS RELATED TO THE SPOUSE ARE BORNE BY THE BOARD MEMBER. ALL STAFF MEMBERS ARE PERMITTED TO USE THE FACILITIES OF THE SOCIAL CLUBS FOR APPROPRIATE BUSINESS MEETINGS. POLICY REGARDING THIS ACTIVITY IS INCLUDED IN THE EMPLOYEE HANDBOOK, INCLUDING THE REQUIREMENT OF PROVIDING APPROPRIATE DOCUMENTATION OF THE BUSINESS USE AND REIMBURSEMENT TO THE ORGANIZATION FOR PERSONAL OR UNDOCUMENTED USE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• RETAIL ALLIANCE PARTNERS LLC

  OWN AND/OR LEASE REAL PROPERTY · VA

  Directly controlled by RETAIL MERCHANTS ASSOCIATION OF TIDEWATER VIRGINIA INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• RETAIL ALLIANCE BUSINESS SOLUTIONS INC

  C · CREDIT CARD REPORTING TRANSACTIONS · VA · 100% owned · controlled entity

  Directly controlled by RETAIL MERCHANTS ASSOCIATION OF TIDEWATER VIRGINIA INC