Nonprofit · EIN 84-3933913
RETAIL ADVANCEMENT FUND
Tax-exempt · RICHMOND, VA 23230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $200,000 | $183,878 | $16,122 | $94,548 | $0 | $94,548 |
| December 31, 2024 | 990 | $175,000 | $193,607 | -$18,607 | $80,813 | $2,387 | $78,426 |
| December 31, 2023 | 990 | $200,000 | $262,766 | -$62,766 | $99,850 | $3,342 | $96,508 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $200,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $93,604
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $93,604
- Management and general (functional)
- $90,274
Balance sheet and other
- Total assets, start of year
- $80,813
- Total assets, end of year
- $94,548
- Total liabilities, end of year
- $0
- Net assets, end of year
- $94,548
- Net assets without donor restrictions
- $94,548
- Gross receipts
- $200,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NANCY THOMAS | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $195,256 | $17,023 |
| DIANA MCMAHON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $102,018 | $9,899 |
| SCOTT ARONSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN REARSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| AARON MONTGOMERY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE ROSSER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NANCY THOMAS | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $179,666 | $21,211 |
| DIANA MCMAHON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $87,918 | $8,783 |
| SCOTT ARONSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN REARSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| AARON MONTGOMERY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE ROSSER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEPHEN STORY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KATHY ROBINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NANCY THOMAS | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $174,324 | $31,937 |
| DIANA MCMAHON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $74,219 | $11,194 |
| KATHY ROBINS | DIRECTOR Trustee or director | 0.5 | $0 | $67,911 | $4,368 |
| SCOTT ARONSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN REARSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| AARON MONTGOMERY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE ROSSER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEPHEN STORY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5101 MONUMENT AVE STE 202, RICHMOND, VA 23230-3253
- In care of
- % NANCY THOMAS
- Principal officer (990 for 2025)
- NANCY THOMAS, 5101 MONUMENT AVENUE 202, RICHMOND, VA 23230
- Signed the 990
- NANCY THOMAS, PRESIDENT/CEO
- Phone
- (804) 662-5500
- Website
- WWW.RETAILMERCHANTS.COM
- Return prepared by
- KEITER STEPHENS HURST GARY & SHREAVES
Mission
TO SUPPORT AND EXPAND THE CHARITABLE ACTIVITES OF THE RETAIL MERCHANTS ASSOCIATION.
Program accomplishments
- TO SUPPORT AND EXPAND THE CHARITABLE ACTIVITES OF THE RETAIL MERCHANTS ASSOCIATION.Expenses $93,604 · grants $93,604
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
- 84-3933913
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $94,548
- Income (IRS master file)
- $200,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $200,000 | $183,878 | $94,548 | XML |
| 990 | December 2024 | $175,000 | $193,607 | $80,813 | XML |
| 990 | December 2023 | $200,000 | $262,766 | $99,850 | XML |
| 990 | December 2022 | $328,500 | $235,401 | $199,623 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 84-3933913).
Questions about RETAIL ADVANCEMENT FUND
- What is the EIN of RETAIL ADVANCEMENT FUND?
- The employer identification number (EIN) of RETAIL ADVANCEMENT FUND is 84-3933913.
- Is RETAIL ADVANCEMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to RETAIL ADVANCEMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RETAIL ADVANCEMENT FUND 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 ADVANCEMENT FUND 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 ADVANCEMENT FUND 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 ADVANCEMENT FUND?
- The 990 for the year ended December 31, 2025 names NANCY THOMAS.
- Who are the officers and directors of RETAIL ADVANCEMENT FUND?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does RETAIL ADVANCEMENT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $200,000, expenses of $183,878 and total assets of $94,548 at year end.
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All nonprofits in RICHMOND · Virginia · Community improvement and capacity building