Retail Merchants Foundation- Ima 41-7022592
Retail Merchants Foundation- Ima 41-7022592 is a private foundation, based in Lynchburg, VA. IRS filing data is available from 2019 through 2022. In 2022, it awarded 1 grant totaling $2K.
Retail Merchants Foundation- Ima 41-7022592 at a glance
In short: Retail Merchants Foundation- Ima 41-7022592 gave $2K across 1 grant in 2022 (avg $2K), mostly in Virginia. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $2,148
- +974.0% vs 2021
- Grants made (2022)
- 1
- +0.0% vs 2021
- Average grant
- $2,148
- +974.0% vs 2021
- Median grant
- $2,148
- Primary geography
- Virginia (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Retail Merchants Foundation- Ima 41-7022592 funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Central Virginia Business Coalition ($2K).
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 49 grants of 50 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
States
Cities
How Retail Merchants Foundation- Ima 41-7022592 gives
- Giving fell 63% from 2019 to 2022. Method
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $200 (2021) to $95K (2020). In 2022 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central Virginia Business Coalition Lynchburg, VA | To Provide Grants | $2,148 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | — | $2,148 | $2,148 | 1 | $2,148 | — | $101 |
| 2021 | $2,148 | — | $200 | $200 | 1 | $200 | — | $110 |
| 2020 | $2,348 | $3,757 | $97,241 | $95,246 | 29 | — | $3,307 | $2,851 |
| 2019 | $95,832 | $4,868 | $7,602 | $5,880 | 19 | — | $4,291 | $4,570 |
Under IRS private-foundation payout rules, Retail Merchants Foundation- Ima 41-7022592 reported a distributable amount of $101 for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Retail Merchants Foundation- Ima 41-7022592 is led by David M. Somers, President on every filing since 2019; none of the 7 officers listed in 2022 report compensation.
Officers on the 2022 filing
David M. Somers
President
On filings since 2019
1 hr/week
No compensation reported
Heather H. Alto
Executive Director
On filings since 2019
1 hr/week
No compensation reported
Rayner V. Snead Jr.
Director
On filings since 2019
1 hr/week
No compensation reported
W. Bradley Weaver
Director
On filings since 2019
1 hr/week
No compensation reported
Mike Bradford
Director
New on the 2022 filing
1 hr/week
No compensation reported
Danny Givens
Vice President
On filings since 2019
1 hr/week
No compensation reported
Marc A. Schewel
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Former officers (4)
- Former: Allison Szuba (2019–2020) — Director
- Former: Debbie Montgomery (2019–2020) — Corporate Secretary
- Former: Diana Hobson (2019–2020) — Director
- Former: Dianne K. Erb (2019) — Director of Special Events
Data from IRS Form 990 filings, 2019–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Retail Merchants Foundation- Ima 41-7022592
How much does Retail Merchants Foundation- Ima 41-7022592 give each year?
Retail Merchants Foundation- Ima 41-7022592 gave $2K across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $200 across 1 grant.
Where does Retail Merchants Foundation- Ima 41-7022592 operate?
Retail Merchants Foundation- Ima 41-7022592 has awarded grants in Virginia.
How much is Retail Merchants Foundation- Ima 41-7022592 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Retail Merchants Foundation- Ima 41-7022592 reported a distributable amount of $101 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Retail Merchants Foundation- Ima 41-7022592's EIN?
Retail Merchants Foundation- Ima 41-7022592's EIN (Employer Identification Number) is 54-1824054. IRS Form 990 filing data is available on this page for 2019–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
- IRS filings on file for fiscal years 2020–2022
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