Nonprofit · EIN 54-0354670
RETAIL MERCHANTS ASSOCIATION
Tax-exempt · RICHMOND, VA 23230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,137,934 | $1,121,245 | $1,016,689 | $26,176,064 | $630,903 | $25,545,161 |
| December 31, 2024 | 990 | $1,409,599 | $1,203,178 | $206,421 | $23,229,718 | $78,960 | $23,150,758 |
| December 31, 2023 | 990 | $2,147,870 | $1,189,706 | $958,164 | $22,106,536 | $153,126 | $21,953,410 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,415
- Program service revenue
- $173,191
- Investment income
- $1,920,328
- Net gain from sales of assets
- $1,231,641
- Other revenue
- $39,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $324,195
- Other salaries and wages
- $166,515
- Salaries, compensation and benefits (total)
- $562,237
- Professional fundraising fees
- $0
- Accounting fees
- $35,220
- Occupancy
- $64,422
- Travel
- $2,766
- Depreciation
- $31,956
Balance sheet and other
- Total assets, start of year
- $23,229,718
- Total assets, end of year
- $26,176,064
- Total liabilities, end of year
- $630,903
- Net assets, end of year
- $25,545,161
- Land, buildings and equipment
- $73,512
- Net assets without donor restrictions
- $25,545,161
- Gross receipts
- $2,137,934
- Employees
- 8
- Volunteers
- 19
- Year formed
- 1906
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY THOMAS | CEO/PRESIDENT/SECRETARY/TREASURER Trustee or director, Officer | 40 | $195,256 | $17,023 |
| DIANA MCMAHON | VICE PRESIDENT Officer | 40 | $102,018 | $9,899 |
| JOLINDA ANDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT ARONSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOROTHYE BRODERSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERINE CARY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIELLE FITZ-HUGH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELISSA GREENFIELD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LESTER JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA MCSHERRY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AARON MONTGOMERY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LUCY O'SHIELDS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH PAXTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SALLY RADERER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE ROSSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN SCHULTZ | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL SIEWERS | DIRECTOR Trustee or director | 2 | $0 |
| DUNCAN THOMAS | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN REARDON | CHAIR Trustee or director, Officer | 5 | $0 |
| PATRICK HEANEY | VICE CHAIR Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY THOMAS | PRESIDENT/CEO Officer | 40 | $179,666 | $21,211 |
| DIANA MCMAHON | VICE PRESIDENT Officer | 40 | $87,918 | $8,783 |
| KATHY ROBBINS | SECRETARY/TREASURER Officer | 40 | $64,031 | $19,075 |
| JOLINDA SMITHSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIELLE FITZ-HUGH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERINE CARY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LUCY O'SHIELDS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEGAN SCHULTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT ARONSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LESTER JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA MCSHERRY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AARON MONTGOMERY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE ROSSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL SIEWERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DUNCAN THOMAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOROTHYE BRODERSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSEPH KELLEHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH PAXTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN REARDON | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| PATRICK HEANEY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY THOMAS | PRESIDENT/CEO Officer | 40 | $174,324 | $31,937 |
| DIANA MCMAHON | VICE PRESIDENT Officer | 40 | $74,219 | $11,194 |
| KATHY ROBBINS | SECRETARY/TREASURER Officer | 40 | $67,911 | $4,368 |
| JOLINDA ANDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELISSA BALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERINE CARY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| L PAGE EWELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEG GOULDIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICK HEANEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LESTER JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA MCSHERRY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AARON MONTGOMERY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH NICHOLAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE ROSSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL SIEWERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DUNCAN THOMAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOROTHY BRODERSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSEPH KELLEHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH PAXTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEPHEN STORY | IMMEDIATE PAST CHAIR Trustee or director | 2 | $0 | $0 |
| SCOTT ARONSON | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| KEVIN REARDON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5101 MONUMENT AVE STE 201, RICHMOND, VA 23230-3253
- In care of
- % KATHY/NANCY
- Principal officer (990 for 2025)
- NANCY THOMAS, 5101 MONUMENT AVENUE 202, RICHMOND, VA 23230
- Signed the 990
- NANCY THOMAS, SECRETARY & TREASURER
- Phone
- (804) 662-5500
- Website
- WWW.INUNISON.ORG
- Return prepared by
- KEITER STEPHENS HURST GARY & SHREAVES
Mission
TO ENCOURAGE, STIMULATE, EXTEND, AND PROMOTE ALL LOCALLY OWNED INDEPENDENT BUSINESSES IN CENTRAL VIRGINIA.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0354670
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $26,176,064
- Income (IRS master file)
- $2,137,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,137,934 | $1,121,245 | $26,176,064 | XML |
| 990 | December 2024 | $1,409,599 | $1,203,178 | $23,229,718 | XML |
| 990 | December 2023 | $2,147,870 | $1,189,706 | $22,106,536 | XML |
| 990 | December 2022 | -$4,175,501 | $1,035,809 | $20,537,693 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0354670).
Questions about RETAIL MERCHANTS ASSOCIATION
- What is the EIN of RETAIL MERCHANTS ASSOCIATION?
- The employer identification number (EIN) of RETAIL MERCHANTS ASSOCIATION is 54-0354670.
- Is RETAIL MERCHANTS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1972.
- Are donations to RETAIL MERCHANTS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RETAIL MERCHANTS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RETAIL MERCHANTS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RETAIL MERCHANTS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RETAIL MERCHANTS ASSOCIATION?
- The 990 for the year ended December 31, 2025 names NANCY THOMAS.
- Who are the officers and directors of RETAIL MERCHANTS ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 20 people; 2 received compensation from the organization, the highest $195,256 (NANCY THOMAS, CEO/PRESIDENT/SECRETARY/TREASURER).
- How much revenue does RETAIL MERCHANTS ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,137,934, expenses of $1,121,245 and total assets of $26,176,064 at year end.
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