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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Grants
5
Total Given
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Assets
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Total Given
$15K
Lawrence and Ira Straus Charitable Tr
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Grants
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Total Given
$8K
Iraqi Children Foundation Inc
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Assets
$101K
Grants
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Total Given
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Mjh Foundation
VIRGINIA BEACH, VA
Assets
$46.5M
Grants
1
Total Given
$1.9M
The Roth Family Foundation
ARLINGTON, VA
Assets
$67K
Grants
1
Total Given
$25K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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