Retail Advancement Fund

Organization Overview

Retail Advancement Fund is located in Richmond, VA. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retail Advancement Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Retail Advancement Fund generated $328.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.1% each year . All expenses for the organization totaled $235.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Retail Advancement Fund has awarded 21 individual grants totaling $276,684. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND EXPAND THE CHARITABLE ACTIVITES OF THE RETAIL MERCHANTS ASSOCIATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SUPPORT AND EXPAND THE CHARITABLE ACTIVITES OF THE RETAIL MERCHANTS ASSOCIATION.


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Board, Officers & Key Employees

Name (title)Compensation
Dorothye Brodersen
Chair
$0
Nancy Thomas
President/ceo
$0
Diana Mcmahon
Secretary/treasurer
$0
Scott Aronson
Director
$0
Melissa Ball
Director
$0
Sarah Paxton
Director
$0

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$328,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$328,500
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $328,500

Grants Awarded

Over the last fiscal year, Retail Advancement Fund has awarded $116,752 in support to 10 organizations.

Grant RecipientAmount

GLEAN LLC

PURPOSE: TO PURCHASE ASSETS INCLUDING SOFTWARE

$16,489

LAFOX HAIR DESIGNS

PURPOSE: FOR REPAIRS AND PURCHASE ASSETS

$15,465

GREEN OLIVE EATERY

PURPOSE: TO PURCHASE ASSETS

$14,400

URBAN SET BRIDE

PURPOSE: FOR REPAIRS AND PURCHASE ASSETS

$14,346

JADE SALON

PURPOSE: TO PURCHASE ASSETS

$10,838

SOUL N VINEGAR

PURPOSE: TO PURCHASE EQUIPMENT

$10,045
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Retail Advancement Fund has recieved totaling $125,000.

Awarding OrganizationAmount
Bon Secours Richmond Health System

Richmond, VA

PURPOSE: MISSION SUPPORT

$125,000
View Grant Recipient Profile

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