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← RETAIL MERCHANT ASSN OF TIDEWATER VA INC

Form 990 for tax year 2024

Filed by RETAIL MERCHANT ASSN OF TIDEWATER VA INC.

Totals

Total revenue
$1,886,100
Total expenses
$1,544,896
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$613,537
Investment income
$950,519
Other revenue
$322,044
Total assets, end of year
$25,340,224
Total liabilities, end of year
$1,627,016
Net assets or fund balances, end of year
$23,713,208
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.

  • 2a · Program service revenue: SERVICE INCOME

    total $448,663 · related or exempt $448,663

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $133,367 · related or exempt $133,367

  • 2c · Program service revenue: MEMBER EVENTS

    total $31,507 · related or exempt $31,507

  • 3 · Investment income

    total $815,806 · excluded $815,806

  • 7a · Gross sales of assets other than inventory

    securities $7,590,709

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

    securities $7,455,996

  • 7c · Gain or loss

    securities $134,713

  • 7d · Net gain or loss

    total $134,713 · excluded $134,713

  • 11a · Other revenue: GAIN ON SALE

    total $322,044 · related or exempt $322,044

  • 11e · Other revenue, total

    $322,044

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $253,413

  • 7 · Other salaries and wages

    total $378,767

  • 9 · Other employee benefits

    total $163,709

  • 11b · Fees: legal

    total $19,293

  • 11c · Fees: accounting

    total $20,116

  • 11f · Fees: investment management

    total $84,992

  • 11g · Fees: other

    total $184,391

  • 12 · Advertising and promotion

    total $27,802

  • 13 · Office expenses

    total $26,505

  • 16 · Occupancy

    total $36,560

  • 17 · Travel

    total $52,276

  • 20 · Interest

    total $30,255

  • 22 · Depreciation, depletion and amortization

    total $19,413

  • 23 · Insurance

    total $22,067

  • 24a · Other expenses: CHARITABLE CONTRIBUTION

    total $31,328

  • 24b · Other expenses: POLITICAL CONTRIBUTIONS

    total $84,575

  • 24c · Other expenses: OTHER OPERATING EXPENSE

    total $74,633

  • 24d · Other expenses: EDUCATION & SEMINARS

    total $38,875

  • 24e · All other expenses

    total -$4,074

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $375,177 · end of year $562,002

  • 4 · Accounts receivable

    beginning of year $193,031 · end of year $269,405

  • 7 · Other notes and loans receivable

    end of year $1,367,500

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

    $303,285

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

    $156,395

  • 10c · Land, buildings and equipment, net

    beginning of year $1,282,829 · end of year $146,890

  • 11 · Investments: publicly traded securities

    beginning of year $22,702,831 · end of year $22,337,035

  • 15 · Other assets

    beginning of year $34,047 · end of year $657,392

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,627 · end of year $123,178

  • 23 · Secured mortgages and notes payable

    beginning of year $722,294 · end of year $680,261

  • 25 · Other liabilities

    beginning of year $1,686,436 · end of year $823,577

  • 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 $22,047,558 · end of year $23,713,208

Mission and programs · 2024

Mission

TO ASSIST IN REFORMING TRADE ISSUES; TO CULTIVATE A FEELING OF FRATERNITY AMONG COMPETITIVE BUSINESS ESTABLISHMENTS; TO ASSIST IN FURTHER DIGNIFYING THE RETAIL INDUSTRY AND ENHANCING ITS COMMUNITY PRESTIGE; TO PROMOTE THE EXPANSION OF VIRGINIA'S RETAIL INDUSTRY; TO TAKE AN ACTIVE AND ENERGETIC INTEREST IN ALL ADMINISTRATIVE AFFAIRS OF OUR NATIONAL, STATE AND LOCAL GOVERNMENTS; TO ASSIST IN THE FURTHERANCE OF SUCH AIMS, OBJECTS AND PURPOSES, AS IN THE DISCRETION OF THE BOARD OF DIRECTORS MAY AT ANY TIME DEEMED ADVISABLE AND LEGITIMATE FOR THE BEST INTERESTS OF THE RETAIL COMMUNITY AND THE MEMBERS OF THIS CORPORATION.

Activities or mission (Part I)

TO ASSIST IN REFORMING TRADE ISSUES; TO CULTIVATE A FEELING OF FRATERNITY AMONG COMPETITIVE BUSINESS ESTABLISHMENTS; TO ASSIST IN FURTHER DIGNIFYING THE RETAIL INDUSTRY AND ENHANCING ITS COMMUNITY PRESTIGE; TO PROMOTE THE EXPANSION OF VIRGINIA'S INDUSTRIAL, COMMERCIAL, ECONOMIC AND CULTURAL LIFE; TO TAKE AN ACTIVE AND ENERGETIC INTEREST IN ALL ADMINISTRATIVE AFFAIRS OF OUR NATIONAL, STATE AND LOCAL GOVERNMENTS; TO ASSIST IN THE FURTHERANCE OF SUCH AIMS, OBJECTS AND PURPOSES, AS IN THE DISCRETION OF THE BOARD OF DIRECTORS MAY AT ANY TIME DEEMED ADVISABLE AND LEGITIMATE FOR THE BEST INTERESTS OF THE COMMUNITY AND THE MEMBERS OF THIS CORPORATION.

  • CONDUCTED ADVOCACY AND GRASSROOTS COMMUNICATIONS EFFORTS REGARDING ISSUES OF IMPORTANCE TO MEMBERS (LARCENY THRESHOLDS, SALES TAX ABSORPTION, ETC) THROUGH ORIENTATION SESSIONS, PRESENTATIONS, WRITTEN DOCUMENTATION (NEWSLETTERS, ETC) AND CONDUCTED SURVEYS ON SALIENT ISSUES. THIS EFFORT WAS FOR THE BENEFIT OF ALL 334 MEMBERS, OF WHICH APPROXIMATELY 235 ACTIVELY PARTICIPATED.

  • CONDUCTED 13 NETWORKING EVENTS FOR MEMBERS TO FRATERNIZE WITH PEERS AND SHARE INFORMATION, 7 EDUCATIONAL MEETINGS FOR MEMBERS, AND 1 LEGISLATIVE FORUM WITH MEMBERS.

  • ACTIVELY PRESENTED INFORMATION ON THE RETAIL INDUSTRY, BEST PRACTICES AND MEMBER INITIATIVES TO MEMBERS AND OTHERS IN THE FORM OF A WEEKLY E-NEWSLETTER.

  • OVERSEE A LOSS PREVENTION TASK FORCE FOR MEMBERS AND LAW ENFORCEMENT TO EDUCATE MEMBERS ON THE ISSUES RELATED TO THE PREVENTION OF RETAIL THEFT, ORGANIZED RETAIL CRIME, AND GENERAL INVENTORY SHRINKAGE.

  • CONDUCTED FORUMS TO EDUCATE AND RECOGNIZE RETAILERS IN HAMPTON ROADS; VIRGINIA RETAIL MATTERS LUNCHEON WHERE RESULTS OF IN-DEPTH STATE-WIDE STUDY OF ALL THINGS RELATED TO RETAIL IS PRESENTED, RETAILER OF THE YEAR EVENT ACKNOWLEDGES THE CRITICAL ROLE PLAYED BY RETAILERS, AND RETAILPRENEUR SERIES A COMPREHENSIVE EDUCATIONAL SERIES,

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raymond J Mattes III

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Gurnee

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Pamela Katrancha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert R Harper Jr

    VICE CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.5

  • Bryan Salerno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Shelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Graves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carlyle Bland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Suzy Rosser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Philip M Scotti

    IMMEDIATE PAST CHAIRMAN OF

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Pishko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ben J Willis III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lori Janke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • James M Wofford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Denise Clarke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer E Crittenden

    PRESIDENT /CEO

    Total calculated
    $224,540
    From this org
    $201,013
    From related orgs
    $0
    Other
    $23,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,785
    Bonus
    $0
    Other
    $6,228
    Deferred
    $17,823
    Nontaxable benefits
    $5,704
    Filer's total
    $224,540

  • Kathy Knack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Leigh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Ware

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rhonda Zentkovich

    SECRETARY

    Total calculated
    $67,418
    From this org
    $52,400
    From related orgs
    $0
    Other
    $15,018
    Hours/week
    40

  • Kisha Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 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 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.

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.

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.

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

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202543049349300144

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