Totals
- Total revenue
- $1,409,599
- Total expenses
- $1,203,178
- Contributions and grants received
- $3,210
- Grants paid
- $0
- Program service revenue
- $160,658
- Investment income
- $1,226,724
- Other revenue
- $19,007
- Total assets, end of year
- $23,229,718
- Total liabilities, end of year
- $78,960
- Net assets or fund balances, end of year
- $23,150,758
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$3,210
-
2a · Program service revenue: ADMINISTRATION FEES
total $110,000 · related or exempt $110,000
-
2b · Program service revenue: MEMBERSHIP DUES
total $50,658 · related or exempt $50,658
-
3 · Investment income
total $597,593 · excluded $597,593
-
7a · Gross sales of assets other than inventory
securities $629,041 · other assets $90
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $629,041 · other assets $90
-
7d · Net gain or loss
total $629,131 · excluded $629,131
-
11a · Other revenue: OTHER REVENUE
total $19,007 · related or exempt $19,007
-
11e · Other revenue, total
$19,007
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $504,981
-
9 · Other employee benefits
total $86,285
-
10 · Payroll taxes
total $36,000
-
11d · Fees: lobbying
total $25,000
-
11f · Fees: investment management
total $76,026
-
11g · Fees: other
total $26,818
-
12 · Advertising and promotion
total $244,177
-
13 · Office expenses
total $2,408
-
16 · Occupancy
total $65,823
-
17 · Travel
total $5,209
-
19 · Conferences, conventions and meetings
total $12,999
-
22 · Depreciation, depletion and amortization
total $36,378
-
23 · Insurance
total $10,850
-
24a · Other expenses: SERVICE CONTRACTS
total $45,908
-
24b · Other expenses: TAXES AND LICENSES
total $7,247
-
24c · Other expenses: PUBLIC RELATIONS
total $7,191
-
24d · Other expenses: TELEPHONE
total $5,125
-
24e · All other expenses
total $4,753
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $198,001 · end of year $150,550
-
4 · Accounts receivable
beginning of year $13,855
-
9 · Prepaid expenses and deferred charges
beginning of year $12,424 · end of year $5,292
-
10a · Land, buildings and equipment: cost or other basis
$397,422
-
10b · Land, buildings and equipment: accumulated depreciation
$347,710
-
10c · Land, buildings and equipment, net
beginning of year $76,296 · end of year $49,712
-
12 · Investments: other securities
beginning of year $21,551,443 · end of year $22,845,116
-
14 · Intangible assets
beginning of year $80,370 · end of year $8,108
-
15 · Other assets
beginning of year $174,147 · end of year $170,940
-
17 · Accounts payable and accrued expenses
beginning of year $71,950 · end of year $70,852
-
25 · Other liabilities
beginning of year $81,176 · end of year $8,108
-
27 · Net assets without donor restrictions
beginning of year $21,953,410 · end of year $23,150,758
Mission and programs · 2024
Mission
TO ENCOURAGE, STIMULATE, EXTEND, AND PROMOTE ALL LOCALLY OWNED INDEPENDENT BUSINESSES IN CENTRAL VIRGINIA.
Activities or mission (Part I)
TO ENCOURAGE, STIMULATE, EXTEND, AND PROMOTE ALL LOCALLY OWNED INDEPENDENT BUSINESSES IN CENTRAL VA.
-
PROMOTED THE RETAIL INDUSTRY IN THE CENTRAL VIRGINIA AREA THROUGH REPRESENTATION BEFORE LOCAL AND STATE GOVERNMENT ON BEHALF OF RETAIL AND SERVICE BUSINESS ISSUES, EDUCATIONAL PROGRAMS FOR MEMBERS AND THEIR EMPLOYEES, DEVELOPMENT OF SERVICES TO ASSIST MEMBERS, AND PROVIDING NETWORKING OPPORTUNITIES.
As filed on the 2024 return.
Listed in Part VII
-
Jolinda SmithsonJOLINDA SMITHSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Danielle Fitz-HughDANIELLE FITZ-HUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Catherine CaryCATHERINE CARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lucy O'ShieldsLUCY O'SHIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Megan SchultzMEGAN SCHULTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott AronsonSCOTT ARONSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lester JohnsonLESTER JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa McSherryLISA MCSHERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aaron MontgomeryAARON MONTGOMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve RosserSTEVE ROSSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael SiewersMICHAEL SIEWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Duncan ThomasDUNCAN THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dorothye BrodersenDOROTHYE BRODERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph KelleherJOSEPH KELLEHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sarah PaxtonSARAH PAXTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin ReardonKEVIN REARDON
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Patrick HeaneyPATRICK HEANEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy ThomasNANCY THOMAS
PRESIDENT/CEO
- Total calculated
- $200,877
- From this org
- $179,666
- From related orgs
- $0
- Other
- $21,211
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,666
- Bonus
- $0
- Other
- $0
- Deferred
- $14,336
- Nontaxable benefits
- $6,875
- Filer's total
- $200,877
-
Kathy RobbinsKATHY ROBBINS
SECRETARY/TREASURER
- Total calculated
- $83,106
- From this org
- $64,031
- From related orgs
- $0
- Other
- $19,075
- Hours/week
- 40
-
Diana McMahonDIANA MCMAHON
VICE PRESIDENT
- Total calculated
- $96,701
- From this org
- $87,918
- From related orgs
- $0
- Other
- $8,783
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND ISSUES AUTHORIZATION FOR COMPENSATION FOR THE PRESIDENT/CEO.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SUPPORT AND EXPAND RMA CHARITABLE ACTIVITIES · VA
Directly controlled by RETAIL MERCHANTS ASSOCIATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MERCHANTS' SERVICES LLC
C · MISCELLANEOUS SERVICES · VA · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 March 2025
- IRS schema version
- 2024v5.1
- Source object
- 202500889349300900
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