Retail Advancement Fund
TO SUPPORT AND EXPAND THE CHARITABLE ACTIVITES OF THE RETAIL MERCHANTS ASSOCIATION.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81K
-19.1% YoY
Annual Giving
$100K
-33.9% YoY
Grant Count
8
-27.3% YoY
Avg Grant Size
$13K
-9.1% YoY
About Retail Advancement Fund
Based on IRS filings
Retail Advancement Fund is a nonprofit organization focused on Community Improvement & Capacity Building, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $81K in total assets. In 2024, it awarded 8 grants totaling $100K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $80,813 | $99,850 | $199,623 |
| Revenue | $175,000 | $200,000 | $328,500 |
| Expenses | $193,607 | $262,766 | $235,401 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ms Girlee's Kitchen Llc ($21,086), Great Work Rva ($18,570), Bonos Carribean Cuisine ($15,423).
| Recipient | Purpose | Amount |
|---|---|---|
| BONOS CARRIBEAN CUISINE RICHMOND, VA | TO PURCHASE ASSETS | $15,423 |
| KITCHEN ON WELLINGTON RICHMOND, VA | TO PURCHASE ASSETS | $5,746 |
| MS GIRLEE'S KITCHEN LLC RICHMOND, VA | TO PURCHASE ASSETS | $21,086 |
| SPOTTY DOG ICE CREAM RICHMOND, VA | TO PURCHASE ASSETS | $10,000 |
| SWEET TEMPTATIONS BY THERESE LLC RICHMOND, VA | TO PURCHASE ASSETS | $5,085 |
| TONYA'S KITCHEN RICHMOND, VA | TO PURCHASE ASSETS | $10,000 |
| DOLCE PIZZA & GRILL RICHMOND, VA | TO PURCHASE ASSETS | $14,214 |
| GREAT WORK RVA RICHMOND, VA | TO PURCHASE ASSETS | $18,570 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT ARONSON | DIRECTOR | 0.5 | — |
| KEVIN REARSON | DIRECTOR | 0.5 | — |
| AARON MONTGOMERY | DIRECTOR | 0.5 | — |
| STEVE ROSSER | DIRECTOR | 0.5 | — |
| STEPHEN STORY | DIRECTOR | 0.5 | — |
| KATHY ROBINS | DIRECTOR | 0.5 | — |
| NANCY THOMAS | PRESIDENT/CEO | 1 | — |
| DIANA MCMAHON | SECRETARY/TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Retail Advancement Fund?
Retail Advancement Fund is a nonprofit organization focused on Community Improvement & Capacity Building, based in RICHMOND, VA. It holds $81K in total assets as of 2024.
How large is Retail Advancement Fund?
As of 2024, Retail Advancement Fund holds $81K in total assets with $175K in annual revenue. It awarded 8 grants totaling $100K in 2024.
Where does Retail Advancement Fund operate?
Retail Advancement Fund has awarded grants in Virginia.
What size grants does Retail Advancement Fund award?
In 2024, Retail Advancement Fund awarded 8 grants totaling $100K — an average of about $13K per grant, based on its IRS Form 990 filings.
What is Retail Advancement Fund's EIN?
Retail Advancement Fund's EIN (Employer Identification Number) is 84-3933913. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Retail Advancement Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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