Overview
What is Rockville Economic Development Inc?
Rockville Economic Development Inc, located at 51 Monroe Street PE-20, Rockville, MD 20850, is a nonprofit organization dedicated to fostering economic growth within the city. Their primary activities involve attracting new businesses, promoting existing ones, and managing incentive programs to encourage expansion. The organization's mission is to identify and develop economic opportunities that contribute to Rockville's prosperity. With a team of 14 individuals, Rockville Economic Development Inc plays a significant role in the city's economic landscape, working towards its overall development and success.
Official website here: www.rockvilleredi.org
Is Rockville Economic Development Inc legitimate?
Rockville Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockville Economic Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $189,506
Professional Fundraising Fees: $0
Other Salaries and Wages: $598,537
For more financial information, click here
Official website here: www.rockvilleredi.org
What is the mission statement of Rockville Economic Development Inc?
Rockville Economic Development Inc's mission is centered around identifying and developing economic opportunities to foster prosperity. In this role, they engage in various economic development activities, such as recruiting new businesses, supporting existing ones, and managing incentive programs to encourage expansion within the city. Their objective is to stimulate growth and enhance the overall economic landscape.
Official website here: www.rockvilleredi.org
Who is the CEO of Rockville Economic Development Inc?
Cynthia Rivarde is the Chair of Rockville Economic Development Inc. The CEO's salary of Rockville Economic Development Inc is $175,563 and their total compensation is $189,506.
Official website here: www.rockvilleredi.org
What is the revenue of Rockville Economic Development Inc?
Rockville Economic Development Inc's revenue in 2022 was $2,488,151.
Official website here: www.rockvilleredi.org
Who are the executives of Rockville Economic Development Inc and what are their salaries?
The average compensation at Rockville Economic Development Inc during 2022 was $56,289. There are 14 employees and 22 volunteers at Rockville Economic Development Inc.
Here are 23 key members and their salaries (Rockville Economic Development Inc's CEO's salary is $175,563 and their total compensation is $189,506):
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Official website here: www.rockvilleredi.org
Where can I find the form 990 for Rockville Economic Development Inc?
Rockville Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rockvilleredi.org
Learn more at the official website: www.rockvilleredi.org
Mission Statement of Rockville Economic Development Inc
Rockville Economic Development Inc, as its name suggests, is an organization with a mission to identify and develop economic opportunities aimed at promoting the prosperity of Rockville. This mission is achieved through various economic development activities, including business recruitment, development, and retention. The organization also manages incentive programs to encourage the establishment of new businesses in the city and the expansion of existing ones. By engaging in these activities, Rockville Economic Development Inc plays a significant role in fostering a thriving business environment within Rockville.
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Impact
October, 2024
Rockville Economic Development Inc (REDI) plays a pivotal role in enhancing the economic landscape of Rockville, Maryland. By identifying and developing economic opportunities, REDI actively supports business recruitment, development, and retention within the city. This focus on fostering a thriving business environment not only attracts new firms but also encourages the expansion of existing businesses, contributing to job creation and economic resilience.
Through its management of incentive programs, REDI effectively boosts local economic activity, providing businesses with the resources and support they need to flourish. This strategic approach to economic development not only stabilizes the local economy but also enhances the overall quality of life for residents by creating a vibrant community with diverse employment opportunities. Overall, REDI’s efforts help ensure that Rockville remains an attractive and prosperous place for businesses and residents alike.
This information is meant to be a general summary of Rockville Economic Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $71
- Program Service Revenue: $19,594
- Gross Receipts: $2,488,151
Assets and Liabilities:
- Total Assets: $1,644,147
- Total Liabilities: $444,637
- Net Assets: $1,199,510
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MWBC PROGRAM INCOME
Revenue
$19,594
Organization Details
Founding Year
1997
Phone
(301) 315-8096Principal Officer
Cynthia Rivarde
Main Address
51 MONROE STREET PE-20, ROCKVILLE, MD, 20850
Website
www.rockvilleredi.orgNTEE Category
Code: S30Z - Community improvement
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