Retail Advancement Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 843933913 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

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Overview

What is Retail Advancement Fund?

The Retail Advancement Fund is a nonprofit organization situated in Richmond, Virginia, with an address at 5101 Monument Avenue. Its primary mission is to bolster and expand the charitable endeavors of the Retail Merchants Association. This nonprofit organization focuses on supporting various charitable activities, aiming to make a positive impact in its local community.


Official website here: www.retailmerchants.com

Is Retail Advancement Fund legitimate?

Retail Advancement Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Retail Advancement Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.retailmerchants.com

What is the mission statement of Retail Advancement Fund?

The Retail Advancement Fund's mission is centered around supporting and expanding the charitable endeavors of the Retail Merchants Association. In essence, its purpose is to contribute to and amplify the philanthropic initiatives undertaken by this association. The Fund operates with the aim of furthering these charitable activities, thereby contributing to various causes and communities.


Official website here: www.retailmerchants.com

Who is the CEO of Retail Advancement Fund?

Nancy Thomas is the Director of Retail Advancement Fund. The CEO's salary of Retail Advancement Fund is $0 and their total compensation is $193,878.


Official website here: www.retailmerchants.com

What is the revenue of Retail Advancement Fund?

Retail Advancement Fund's revenue in 2022 was $328,500.


Official website here: www.retailmerchants.com

Who are the executives of Retail Advancement Fund and what are their salaries?

There 10 volunteers at Retail Advancement Fund.


Here are 9 key members and their salaries (Retail Advancement Fund's CEO's salary is $0 and their total compensation is $193,878):


Scott Aronson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Ball (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Paxton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Rosser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Story (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Wayland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothye Brodersen (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Thomas (President/Ceo)
  • Compensation: $0
  • Related: $162,354
  • Other: $31,524
Diana Mcmahon (Secretary/Treasurer)
  • Compensation: $0
  • Related: $73,053
  • Other: $11,019


Official website here: www.retailmerchants.com

Where can I find the form 990 for Retail Advancement Fund?

Retail Advancement Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.retailmerchants.com

Learn more at the official website: www.retailmerchants.com

Mission Statement of Retail Advancement Fund

The Retail Advancement Fund, as a nonprofit entity, is committed to amplifying the charitable endeavors of the Retail Merchants Association. Its primary mission is to expand the scope and impact of these charitable activities, contributing to various worthy causes within the community. By supporting these initiatives, the Retail Advancement Fund aims to make a significant difference in the lives of many, contributing to a more compassionate and inclusive society.

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Impact




October, 2024

The Retail Advancement Fund significantly enhances community improvement initiatives by supporting and expanding the charitable activities of the Retail Merchants Association. By providing resources and funding, it bolsters programs that benefit local businesses and foster economic growth in Richmond, VA. This impact is felt through increased job creation, enhanced retail opportunities, and the promotion of community engagement, ultimately leading to a more vibrant and sustainable local economy. The Fund's commitment to charitable activities strengthens the foundation for community development and support, ensuring that both merchants and residents thrive together.




This information is meant to be a general summary of Retail Advancement Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$328,500 (2022)
Expenses
$235,401 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $328,500

Assets and Liabilities:

  • Total Assets: $199,623
  • Total Liabilities: $40,349
  • Net Assets: $159,274

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Organization Details

Founding Year

2019

Principal Officer

Nancy Thomas

Main Address

5101 MONUMENT AVENUE, RICHMOND, VA, 23230

NTEE Category

Code: S30 - Community improvement

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