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Nonprofiteer
← RETAIL ADVANCEMENT FUND

Form 990 for tax year 2025

Filed by RETAIL ADVANCEMENT FUND.

Totals

Total revenue
$200,000
Total expenses
$183,878
Contributions and grants received
$200,000
Grants paid
$93,604
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$94,548
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$94,548
Program services expenses (Part IX)
$93,604
Management and general expenses
$90,274
Fundraising expenses
$0
Program service expenses (Part III)
$93,604

Program services were 50.9% 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

    $200,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $93,604 · program services $93,604

  • 11g · Fees: other

    total $88,768 · management and general $88,768

  • 12 · Advertising and promotion

    total $200 · management and general $200

  • 13 · Office expenses

    total $840 · management and general $840

  • 19 · Conferences, conventions and meetings

    total $436 · management and general $436

  • 24a · Other expenses: BANK CHARGES

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,813 · end of year $94,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,387 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $78,426 · end of year $94,548

Mission and programs · 2025

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 $93,604 · Grants $93,604

As filed on the 2025 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

  • Nancy Thomas

    PRESIDENT/CEO

    Total calculated
    $212,279
    From this org
    $0
    From related orgs
    $195,256
    Other
    $17,023
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,000 related
    Bonus
    $0
    Other
    $0 + $5,256 related
    Deferred
    $0 + $15,200 related
    Nontaxable benefits
    $0 + $1,823 related
    Filer's total
    $0 + $212,279 related

  • Diana McMahon

    SECRETARY/TREASURER

    Total calculated
    $111,917
    From this org
    $0
    From related orgs
    $102,018
    Other
    $9,899
    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

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.

  • 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.

  • MERCHANTS' SERVICES LLC

    C · MISCELLANEOUS SERVICES · VA

Provenance

Return type
form_990
Tax year
2025
Filed
9 March 2026
IRS schema version
2025v4.0
Source object
202620709349301702

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