Retail Advancement Fund

Tax-deductible

Richmond, VA501(c)(3)Community DevelopmentEIN 84-3933913

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To support and expand the charitable activites of the Retail merchants association.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $3K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $175K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$200K
+14% vs prior year
Spent
$184K
To programs
51%
Net assets
$95K
By yearFY2020–FY2025
Revenue
$200K
FY2025▲ +14%
Revenue by fiscal year
FY2020$125K
FY2021$268K
FY2022$328K
FY2023$200K
FY2024$175K
FY2025$200K
Expenses
$184K
FY2025▼ -5%
Expenses by fiscal year
FY2020Not on file
FY2021$279K
FY2022$235K
FY2023$263K
FY2024$194K
FY2025$184K
Net assets
$95K
FY2025▲ +21%
Net assets by fiscal year
FY2020$77K
FY2021$66K
FY2022$159K
FY2023$97K
FY2024$78K
FY2025$95K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $94K Management & general 49% · $90K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Retail Advancement Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports and expands charitable activities of retail merchants.

Provided by the organization

This section is blank until Retail Advancement Fund claims this page.

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1 program service account for $94K of program spending, described in the organization's own filed words · FY2025.
01

To support and expand the charitable activites of the retail merchants association.

$94Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$175K
Grants paid · 40 grants · $528K · 2021–2024
Ms Girlee's Kitchen LLCFY2024$21,086
Great Work RvaFY2024$18,570
Bonos Carribean CuisineFY2024$15,423
Dolce Pizza & GrillFY2024$14,214
Tonya's KitchenFY2024$10,000
Spotty Dog Ice CreamFY2024$10,000
Kitchen on WellingtonFY2024$5,746
Sweet Temptations by Therese LLCFY2024$5,085
Spotty Dog Ice CreamFY2023$24,981
8 12 Church HillFY2023$22,860
Second Bottle Wine & Snack ShopFY2023$19,934
Glean LLCFY2023$18,527
Ocean World Seafood MarketFY2023$17,111
Fat RabbitFY2023$10,488
Urban Set BrideFY2023$9,180
Kitchen on WellingtonFY2023$7,764
Bonos Carribean CuisineFY2023$7,500
Wheel SimpleFY2023$7,252
See all 40 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$200K
Money outPt IX
$184K
Ln 25
Programscol B$94K
Managementcol C$90K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$95K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$95K
Cash and savings togetherLn 1–2$95K
Total assetsLn 16$95K
LiabilitiesLn 26$0
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$81K$95K
Total assetsLn 16$81K$95K
LiabilitiesLn 26$2K$0
Net assetsLn 32$78K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$94K$94K
Other fees for servicesLn 11g$89K$89K
Advertising and promotionLn 12$200$200
Office expensesLn 13$840$840
Conferences, conventions and meetingsLn 19$436$436
Other expenses (24a–d)Ln 24$30$30
Total functional expensesLn 25$184K$94K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $200K$184K$16K$95K 990 PDF
FY2024 $175K$194K−$19K$78K 990 PDF
FY2023 $200K$263K−$63K$97K 990 PDF
FY2022 $328K$235K$93K$159K 990 PDF
FY2021 $268K$279K−$11K$66K 990 PDF
FY2020 $125K$77K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $200,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$200,000
VIII-1h Total contributions, gifts and grants$200,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$200,000
Part IX · Statement of functional expenses $183,878 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $93,604$93,604
IX-11g Other fees for servicesManagement $88,768$88,768
IX-12 Advertising and promotionManagement $200$200
IX-13 Office expensesManagement $840$840
IX-19 Conferences, conventions and meetingsManagement $436$436
IX-24 Other expenses (24a–d)Management $30$30
IX-25 Total functional expensesPrograms $93,604 · Management $90,274 · Fundraising $0$183,878
Part X · Balance sheet $94,548 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $80,813$94,548
X-16 Total assetsStart of year $80,813$94,548
X-17 Accounts payable and accrued expensesStart of year $2,387$0
X-26 Total liabilitiesStart of year $2,387$0
X-27 Net assets without donor restrictionsStart of year $78,426$94,548
X-32 Total net assets or fund balancesStart of year $78,426$94,548
X-33 Total liabilities and net assetsStart of year $80,813$94,548
Part XI · Reconciliation of net assets $94,548 net assets at year end
XI-1 Total revenue$200,000
XI-2 Total expenses$183,878
XI-3 Revenue less expenses$16,122
XI-4 Net assets at start of year$78,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$94,548

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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