NonprofitsAnne Arundel Economic Development Corporation

Community Improvement & Capacity Building

Anne Arundel Economic Development Corporation

ANNAPOLIS, MD

Total revenue

$4.4M

Total expenses

$4.5M

Net assets

$1.3M

Grants received

$37K

2 grants

EIN

521810772

Tax year

2023

Mission

To promote economic development by providing financing options and provide economic information.

Programs

2 programs

Anne arundel economic development corporation serves as a manager of maryland small minority and women-owned business loan fund, which receives 1.5% of video lottery terminal revenue from maryland casinos. Small and minority, women and veteran owned businesses located within 10 miles of any of maryland's three casinos and those located elsewhere in the state may be eligible for loans of between $25,000 to $500,000 for purposes such as business and commercial real estate acquisition and expansion, leasehold improvements, equipment and vehicle purchase, and working capital.

Expenses: $2.1MGrants: $885K

Agricultural marketing:providing leasing of agricultural equipment and objects and to promote and encourage the development of agriculture in anne arundel county and southern maryland.

Expenses: $289K

Financials

FY 2023

Revenue

Contributions & grants$3.9M
Program service revenue$451K
Investment income$56K
Other revenue
Total revenue$4.4M

Expenses

Grants paid$885K
Salaries & benefits$2.6M
Fundraising
Other expenses$1.0M
Total expenses$4.5M
Total assets$10.2M
Net assets$1.3M

People

22 listed

NameRoleCompensation

WESLEY MACQUILLIAM

CHIEF OPERATING OFFICER

Board

$147K

40 hrs/wk

STEPHEN PRIMOSCH

V.P. OF FINANCIAL SERVICES

Board

$141K

40 hrs/wk

LISA GRUNDER

VICE PRESIDENT OF ADMINISTRATION

Board

$111K

40 hrs/wk

HAMILTON CHANEY

BOARD MEMBER

Board

2 hrs/wk

M JAMES FAISON

BOARD MEMBER

Board

2 hrs/wk

STUART FORSYTH

BOARD MEMBER

Board

2 hrs/wk

PAUL GABLE

BOARD MEMBER

Board

5 hrs/wk

STEPHANIE GARY

BOARD MEMBER

Board

2 hrs/wk

ERIC DEVITO

CHAIR

Board

10 hrs/wk

ELIOT POWELL

BOARD MEMBER

Board

2 hrs/wk

JASON WEISBERG

BOARD MEMBER

Board

2 hrs/wk

TYLER PATTON

BOARD MEMBER TO SEPTEMBER 2023

Board

2 hrs/wk

AMY GOWAN

PRESIDENT/CEO

Board

40 hrs/wk

KAYLA GRIFFITH

BOARD MEMBER

Board

2 hrs/wk

KEVIN CARTER

VICE CHAIR

Board

5 hrs/wk

JEFFERY ARMIGER

TREASURER

Board

5 hrs/wk

KATHLEEN MCCOLLUM

SECRETARY

Board

5 hrs/wk

PHIONA BAREEBE

BOARD MEMBER

Board

2 hrs/wk

ANN BRENNAN

BOARD MEMBER

Board

2 hrs/wk

JILL SEAMON

ADMINISTRATIVE OFFICER

Staff

$155K

40 hrs/wk

CHRISTINA HOLLIDAY

CHIEF OF STAFF

Staff

$109K

40 hrs/wk

JONATHAN BONIFACE

DIR. OF RESEARCH & PROGRAM DEV.

Staff

$109K

40 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$25K
IDA DISASTER RECOVERY
2020
$12K
TO PURCHASE FARM EQUIPMENT
2018

Funded by

$37K from 2 funders · 2 grants · 2018–2020

Td Charitable Foundation

$25K · 1 grant · 2020

Tri-County Council

$12K · 1 grant · 2018

Details

EIN521810772
NTEE codeS31Z
Subsection03
Ruling date1994-06
Formed1993
Employees20
Volunteers14
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo