Retail Merchants Foundation Inc

Lynchburg, VA
Tax-exempt since Dec. 1996
EIN: 54-1824054

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

Expenses

$2,148

Net Income

-$2,148

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,148	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
David M Somers (President)	$0	$0
Danny Givens (Vice President)	$0	$0
Marc A Schewel (Treasurer)	$0	$0
Rayner V Snead Jr (Director)	$0	$0
W Bradley Weaver (Director)	$0	$0
Mike Bradford (Director)	$0	$0
Heather H Alto (Executive Director)	$0	$0

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990-PF

Filed on Oct. 31, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

Expenses

$200

Net Income

-$200

Net Assets

$2,148

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,148
Total Liabilities	$0
Net Assets	$2,148

Compensation

Key Employees and Officers	Compensation	Other
David M Somers (President)	$0	$0
Danny Givens (Vice President)	$0	$0
Rayner V Snead Jr (Director)	$0	$0
Marc A Schewel (Treasurer)	$0	$0
W Bradley Weaver (Director)	$0	$0
Heather H Alto (Executive Director)	$0	$0

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990-PF

Filed on Aug. 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$3,757

Expenses

$97,241

Net Income

-$93,484

Net Assets

$2,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,431	91.3%
Sales of Assets	$326	8.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,791	99.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,348
Total Liabilities	$1
Net Assets	$2,347

Compensation

Key Employees and Officers	Compensation	Other
Debbie Montgomery (Corporate Secretary)	$0	$0
David M Somers (President)	$0	$0
Danny Givens (Vice President)	$0	$0
Rayner V Snead Jr (Director)	$0	$0
Marc A Schewel (Treasurer)	$0	$0
Diana Hobson (Director)	$0	$0
W Bradley Weaver (Director)	$0	$0
Allison Szuba (Director)	$0	$0
Heather H Alto (Executive Director)	$0	$0

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990-PF

Filed on Sept. 30, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$4,868

Expenses

$7,602

Net Income

-$2,734

Net Assets

$95,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,965	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,928	91.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$95,832
Total Liabilities	$1
Net Assets	$95,831

Compensation

Key Employees and Officers	Compensation	Other
Debbie Montgomery (Corporate Secretary)	$0	$0
David M Somers (President)	$0	$0
Danny Givens (Vice President)	$0	$0
Rayner V Snead Jr (Director)	$0	$0
Marc A Schewel (Treasurer)	$0	$0
Diana Hobson (Director)	$0	$0
W Bradley Weaver (Director)	$0	$0
Allison Szuba (Director)	$0	$0
Heather H Alto (Executive Director)	$0	$0
Dianne K Erb (Director Of Special Events)	$0	$0

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990-PF

Filed on June 23, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$9,445

Expenses

$9,443

Net Income

Net Assets

$98,566

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400	4.2%
Interest Revenue	$0
Dividends	$5,650	59.8%
Sales of Assets	$3,395	35.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,752	92.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$98,566
Total Liabilities	$0
Net Assets	$98,566

Compensation

Key Employees and Officers	Compensation	Other
Debbie Montgomery (Corporate Secretary)	$0	$0
David M Somers (President)	$0	$0
Danny Givens (Vice President)	$0	$0
Rayner V Snead Jr (Director)	$0	$0
Marc A Schewel (Treasurer)	$0	$0
Diana Hobson (Director)	$0	$0
W Bradley Weaver (Director)	$0	$0

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990-PF

Filed on April 26, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$60,460

Expenses

$11,452

Net Income

$49,008

Net Assets

$98,564

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$62,920	> 100%
Interest Revenue	$0
Dividends	$6,306	10.4%
Sales of Assets	-$9,380
Other Income	$614	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,357	90.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$98,564
Total Liabilities	$0
Net Assets	$98,564

Compensation

Key Employees and Officers	Compensation	Other
Debbie Montgomery (Executive Director)	$0	$0
David M Somers (President)	$0	$0
S Danny Givens (Vice President)	$0	$0
Rayner V Snead Jr (Director)	$0	$0
Marc A Schewel (Treasurer)	$0	$0
Diana Hobson (Director)	$0	$0
W Bradley Weaver (Director)	$0	$0

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990-PF

Filed on July 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$16,674

Expenses

$377,218

Net Income

-$360,544

Net Assets

$49,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,842	29.0%
Interest Revenue	$0
Dividends	$12,193	73.1%
Sales of Assets	-$2,744
Other Income	$2,383	14.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$367,266	97.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$109,556
Total Liabilities	$60,000
Net Assets	$49,556

Compensation

Key Employees and Officers	Compensation	Other
Gene D Gallagher (President)	$0	$0
Charles W Hammer (Vice President)	$0	$0
Debbie Montgomery (Executive Director)	$0	$0
David M Somers (Board Member)	$0	$0
S Danny Givens (Board Member)	$0	$0
Rayner V Snead Jr (Board Member)	$0	$0
Marc A Schewel (Board Member)	$0	$0

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990-PF

Filed on Aug. 18, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$51,362

Expenses

$99,543

Net Income

-$48,181

Net Assets

$410,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,426	14.5%
Interest Revenue	$0
Dividends	$21,313	41.5%
Sales of Assets	$22,482	43.8%
Other Income	$141	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,184	71.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$680,100
Total Liabilities	$270,000
Net Assets	$410,100

Compensation

Key Employees and Officers	Compensation	Other
Gene D Gallagher (President)	$0	$0
Charles W Hammer (Vice President)	$0	$0
Debbie Montgomery (Executive Director)	$0	$0
David M Somers (Board Member)	$0	$0
S Danny Givens (Board Member)	$0	$0
Rayner V Snead Jr (Board Member)	$0	$0
Marc A Schewel (Board Member)	$0	$0

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990-PF

Filed on June 1, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$71,730

Expenses

$85,226

Net Income

-$13,496

Net Assets

$458,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$710	1.0%
Interest Revenue	$0
Dividends	$21,555	30.1%
Sales of Assets	$48,953	68.2%
Other Income	$512	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,122	70.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$731,386
Total Liabilities	$273,105
Net Assets	$458,281

Compensation

Key Employees and Officers	Compensation	Other
Gene D Gallagher (President)	$0	$0
Charles W Hammer (Vice President)	$0	$0
Debbie Montgomery (Executive Director)	$0	$0
David M Somers (Board Member)	$0	$0
S Danny Givens (Board Member)	$0	$0
Rayner V Snead Jr (Board Member)	$0	$0
Marc A Schewel (Board Member)	$0	$0

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990-PF

Filed on July 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$66,752

Expenses

$89,623

Net Income

-$22,871

Net Assets

$472,302

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,760	2.6%
Interest Revenue	$0
Dividends	$21,093	31.6%
Sales of Assets	$44,967	67.4%
Other Income	-$1,068

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$67,491	75.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$742,302
Total Liabilities	$270,000
Net Assets	$472,302

Compensation

Key Employees and Officers	Compensation	Other
Gene D Gallagher (President)	$0	$0
Charles W Hammer (Vice President)	$0	$0
Debbie Montgomery (Executive Director)	$0	$0
David M Somers (Board Member)	$0	$0
S Danny Givens (Board Member)	$0	$0
Rayner V Snead Jr (Board Member)	$0	$0
Marc A Schewel (Board Member)	$0	$0

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990-PF

Filed on July 30, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$39,256

Expenses

$98,920

Net Income

-$59,664

Net Assets

$494,099

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,015	2.6%
Interest Revenue	$25	0.1%
Dividends	$24,562	62.6%
Sales of Assets	$12,198	31.1%
Other Income	$1,456	3.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$76,582	77.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$768,308
Total Liabilities	$274,209
Net Assets	$494,099

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$130,449

Expenses

$153,602

Net Income

-$23,153

Net Assets

$552,652

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,890	6.0%
Interest Revenue	$0
Dividends	$29,758	22.8%
Sales of Assets	$60,008	46.0%
Other Income	$32,793	25.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$131,179	85.4%
Compensation of Officers*	$27,531	17.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$828,229
Total Liabilities	$275,577
Net Assets	$552,652

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Retail Merchants Foundation Inc

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001