Retail Merchants Foundation Inc
- Assets
- $2.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 54-1824054
Organization Overview
Retail Merchants Foundation Inc is located in Lynchburg, VA. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retail Merchants Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Retail Merchants Foundation Inc has awarded 140 individual grants totaling $509,743. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc A Schewel Treasurer | 1 | $0 | |
David M Somers President | 1 | $0 | |
W Bradley Weaver Director | 1 | $0 | |
Heather H Alto Executive Director | 1 | $0 | |
Danny Givens Vice President | 1 | $0 | |
Rayner V Snead Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $200 |
| Total expenses and disbursements | $200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,148 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,148 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Retail Merchants Foundation Inc has awarded $95,246 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Lynchburg, VA PURPOSE: INVESTMENTS TO PROVIDE GRANTS | $88,996 |
IRON LIVES PURPOSE: COMMUNITY GIVING FAIR | $300 |
Lynchburg, VA PURPOSE: 5-WAY MATCHING FUNDS FOR GRANT FORM THE BGAV, TO PROVIDE HELP WITH FOOD AND MEDICINE FOR THOSE THAT LOST JOBS DUE TO COVID | $250 |
THE BOWER CENTER OF THE ARTS PURPOSE: NON-PROFIT OF THE YEAR, PROGRAM EXPENSES | $250 |
SPORTS OUTREACH INSTITUTE PURPOSE: OPERATING EXPENSES | $250 |
ALZHEIMERS ASSOCIATION PURPOSE: OPERATING EXPENSES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |
Progressive Multiplier Fund Washington, DC | $799,490 | $1,927,337 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |