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Nonprofiteer
← RETAIL ADVANCEMENT FUND

Form 990 for tax year 2024

Filed by RETAIL ADVANCEMENT FUND.

Totals

Total revenue
$175,000
Total expenses
$193,607
Contributions and grants received
$175,000
Grants paid
$109,903
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$80,813
Total liabilities, end of year
$2,387
Net assets or fund balances, end of year
$78,426
Program services expenses (Part IX)
$109,903
Management and general expenses
$83,704
Fundraising expenses
$0
Program service expenses (Part III)
$109,903

Program services were 56.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

    $175,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $109,903 · program services $109,903

  • 11g · Fees: other

    total $83,056 · management and general $83,056

  • 13 · Office expenses

    total $623 · management and general $623

  • 24a · Other expenses: TAXES & LICENSES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,850 · end of year $80,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,342 · end of year $2,387

  • 27 · Net assets without donor restrictions

    beginning of year $96,508 · end of year $78,426

Mission and programs · 2024

Mission

TO SUPPORT AND EXPAND THE CHARITABLE ACTIVITES OF THE RETAIL MERCHANTS ASSOCIATION.

  • TO SUPPORT AND EXPAND THE CHARITABLE ACTIVITES OF THE RETAIL MERCHANTS ASSOCIATION.

    Expenses $109,903 · Grants $109,903

As filed on the 2024 return.

Listed in Part VII

  • SCOTT ARONSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • KEVIN REARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • AARON MONTGOMERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • STEVE ROSSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • STEPHEN STORY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • KATHY ROBINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • NANCY THOMAS

    PRESIDENT/CEO

    Total calculated
    $200,877
    From this org
    $0
    From related orgs
    $179,666
    Other
    $21,211
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,336 related
    Nontaxable benefits
    $0 + $6,875 related
    Filer's total
    $0 + $200,877 related

  • DIANA MCMAHON

    SECRETARY/TREASURER

    Total calculated
    $96,701
    From this org
    $0
    From related orgs
    $87,918
    Other
    $8,783
    Hours/week
    1 + 40 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION DOES NOT DIRECTLY HAVE EMPLOYEES. RETAIL MERCHANTS ASSOCIATION'S 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

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.

  • RETAIL MERCHANTS ASSOCIATION

    501(C)(6) · TO ENCOURAGE, STIMULATE, EXTEND & PROMOTE THE BUSINESS OF RETAIL MERCHANTS I · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
26 March 2025
IRS schema version
2024v5.1
Source object
202540869349300344

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