Retail Industry Leaders Association Inc
- Assets
- $17.7m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 59
- Location
- Washington, DC
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 04-2395151
Organization Overview
Retail Industry Leaders Association Inc is located in Washington, DC. The organization was established in 1967. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Retail Industry Leaders Association Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retail Industry Leaders Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Retail Industry Leaders Association Inc generated $19.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $18.1m during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RETAIL INDUSTRY LEADERS ASSOCIATION'S MISSION IS TO PROMOTE CONSUMER CHOICE AND ECONOMIC FREEDOM THROUGH PUBLIC POLICY AND INDUSTRY OPERATIONAL EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RETAIL INDUSTRY LEADERS ASSOCIATION (RILA) OFFERS VARIOUS EDUCATIONAL PROGRAMS DEVOTED TO SPECIFIC DISCIPLINES IN THE RETAIL INDUSTRY THAT ADDRESS CUTTING-EDGE ISSUES OF CURRENT CONCERN TO ITS MEMBERS. THESE EDUCATIONAL PROGRAMS PROVIDE AN EFFECTIVE FORUM FOR MEMBERS TO LEARN FROM INDUSTRY EXPERTS, OBTAIN UP TO THE MINUTE RILA RESEARCH, AND TO INTERACT WITH THEIR PEERS. SOME OF THE AREAS ADDRESSED INCLUDE LOGISTICS, LEADERSHIP, SAFETY AND LOSS PREVENTION. THESE CONFERENCES PROVIDE OVER 2,500 ATTENDEES WITH A BLEND OF OVER 100 EDUCATIONAL SESSIONS, PROMINENT SPEAKERS, AND EXHIBITS.
RILA PROMOTES THE INTERESTS OF RETAILERS AT ALL LEVELS OF GOVERNMENT. THE GOVERNMENT RELATIONS STAFF AT RILA, TOGETHER WITH RETAIL AND SUPPLIER MEMBERS, IDENTIFY KEY ISSUES THAT IMPACT BUSINESS AND WORK TO ENSURE THAT PUBLIC POLICY, AT BOTH THE FEDERAL AND STATE LEVEL, FOSTER A SUCCESSFUL AND PROFITABLE BUSINESS ENVIRONMENT.
THE ASSOCIATION OFFERS LEADERS COUNCILS AND SPECIALTY COMMITTEES THAT ADDRESS SPECIFIC, CRITICAL DISCIPLINES IN THE INDUSTRY. THESE COUNCILS AND COMMITTEES SERVE AS A UNIQUE FORUM FOR MEMBERS TO DISCUSS THE LATEST INNOVATION IN THE RETAIL INDUSTRY AND TO WORK TOGETHER TO IMPROVE THEIR BUSINESSES AS WELL AS THE INDUSTRY AS A WHOLE. SOME OF THE AREAS ADDRESSED INCLUDE SUPPLY CHAIN, DATA SECURITY, HUMAN RESOURCES, TAX AND INTERNATIONAL TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Cornell Immediate Past Chairman | OfficerTrustee | 0.5 | $0 |
William Rhodes Executive Committee Member | OfficerTrustee | 0.25 | $0 |
Dick Johnson Chairman | OfficerTrustee | 0.25 | $0 |
Marvin Ellison Executive Committee Member | OfficerTrustee | 0.25 | $0 |
Steve Rendle Member | Trustee | 0.2 | $0 |
Jill Standish Member | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marriott Business Services Convention Services | 12/30/22 | $1,245,277 |
Plus Communications Llc Consulting | 12/30/22 | $457,500 |
Multistate Associates Consulting | 12/30/22 | $404,040 |
Polinger Llc Property Management | 12/30/22 | $797,335 |
O'keefe Communications Llc Convention Services | 12/30/22 | $346,492 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,100,766 |
| Investment income | $142,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,283,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,115 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,648,252 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,088,193 |
| Pension plan accruals and contributions | $156,634 |
| Other employee benefits | $403,557 |
| Payroll taxes | $452,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $202,015 |
| Fees for services: Accounting | $52,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,455 |
| Fees for services: Other | $2,478,485 |
| Advertising and promotion | $47,727 |
| Office expenses | $322,640 |
| Information technology | $746,302 |
| Royalties | $0 |
| Occupancy | $708,715 |
| Travel | $208,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,004,925 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,706 |
| Insurance | $92,797 |
| All other expenses | $9,182 |
| Total functional expenses | $18,072,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,918,776 |
| Savings and temporary cash investments | $62,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $837,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $664,154 |
| Net Land, buildings, and equipment | $479,408 |
| Investments—publicly traded securities | $7,130,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,095 |
| Other assets | $6,543,121 |
| Total assets | $17,668,458 |
| Accounts payable and accrued expenses | $2,286,842 |
| Grants payable | $0 |
| Deferred revenue | $6,931,203 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,181,636 |
| Total liabilities | $17,399,681 |
| Net assets without donor restrictions | $268,777 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,668,458 |
Grants Awarded
Over the last fiscal year, Retail Industry Leaders Association Inc has awarded $1,431,333 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOB CREATORS NETWORK PURPOSE: GENERAL SUPPORT | $1,200,000 |
NATIONAL RETAIL FEDERATION PURPOSE: GENERAL SUPPORT | $191,333 |
CORN REFINERS ASSOCIATION PURPOSE: GENERAL SUPPORT | $40,000 |