NonprofitsHampton Roads Economic Development Alliance

Community Improvement & Capacity Building

Hampton Roads Economic Development Alliance

NORFOLK, VA

Total revenue

$4.1M

Total expenses

$4.1M

Net assets

$3.8M

Grants received

$680K

14 grants

EIN

540600387

Tax year

2024

Mission

The mission of the hampton roads econcomic development alliance is business attraction--marketing virginia's hampton roads region as the preferred location for business investment and expansion. All hreda initiatives are designed to secure visits with qualified business prospects.

Programs

2 programs

The organization provides research resources that provide material about the hampton roads region.

Expenses: $783K

The organization is involved with attracting and retaining investors through investor relations initiatives.

Expenses: $418K

Financials

FY 2024

Revenue

Contributions & grants$3.9M
Program service revenue$94K
Investment income$40K
Other revenue
Total revenue$4.1M

Expenses

Grants paid
Salaries & benefits$2.4M
Fundraising
Other expenses$1.7M
Total expenses$4.1M
Total assets$4.2M
Net assets$3.8M

People

26 listed

NameRoleCompensation

DOUGLAS L SMITH

PRESIDENT &

Board

$431K

37.5 hrs/wk

JARED CHALK

CHIEF BUS. D

Board

$249K

37.5 hrs/wk

STEVE HARRISON

COO

Board

$162K

37.5 hrs/wk

KEITH VANDERVENNET

CHAIR

Board

1 hrs/wk

ROBERT DUVALL

VICE CHAIR

Board

1 hrs/wk

BUFFY BAREFOOT

TREASURER

Board

0.3 hrs/wk

KENNETH C ALEXANDER

DIRECTOR

Board

0.3 hrs/wk

ROBERT M DYER

DIRECTOR

Board

0.3 hrs/wk

SHANNON GLOVER

DIRECTOR

Board

0.3 hrs/wk

PHILLIP JONES

DIRECTOR

Board

0.3 hrs/wk

DOUGLAS PONS

DIRECTOR

Board

0.3 hrs/wk

DONNIE TUCK

DIRECTOR

Board

0.3 hrs/wk

RICHARD W WEST

DIRECTOR

Board

0.3 hrs/wk

DARRELL WILLIAMS

DIRECTOR

Board

0.3 hrs/wk

AUBREY LAYNE

DIRECTOR

Board

0.3 hrs/wk

CULLEN GLASS

DIRECTOR

Board

0.3 hrs/wk

KATHERINE BOND

DIRECTOR

Board

0.3 hrs/wk

JERRY MILLER

DIRECTOR

Board

0.3 hrs/wk

JOHN LAWSON

DIRECTOR

Board

0.3 hrs/wk

NNEKA CHIAZOR

DIRECTOR

Board

0.3 hrs/wk

MARY BUNTING

EX-OFFICIO

Board

0.3 hrs/wk

SHAWN AVERY

EX-OFFICIO

Board

0.3 hrs/wk

SEAN WASHINGTON

EX-OFFICO

Board

0.3 hrs/wk

NANCY GRDEN

EX-OFFICO

Board

0.3 hrs/wk

WILLIAM R ERMATINGER

EX-OFFICIO

Board

0.3 hrs/wk

JAMES WOOD

EX-OFFICO

Board

0.3 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$100K
HUMAN SERVICES
2024
$100K
HUMAN SERVICES
2023
$50K
ECONOMIC COMPETITIVENESS
2023
$25K
GENERAL SUPPORT
2023
$10K
COMMUNITY DEVELOPMENT
2023
$100K
HUMAN SERVICES
2022
$10K
COMMUNITY DEVELOPMENT
2022
$10K
COMMUNITY DEVELOPMENT
2021
$100K
HUMAN SERVICES
2020
$50K
TO FURTHER THE WELFARE AND DEVELOPMENT OF THE HAMPTON ROADS VIRGINIA COMMUNITIES.
2020

Funded by

$680K from 6 funders · 14 grants · 2020–2024

The Landmark Foundation

$400K · 4 grants · 2020–2024

Hampton Roads Community Foundation

$100K · 2 grants · 2023–2024

Riverside Healthcare Association Inc Group

$75K · 3 grants · 2022–2024

Hampton Roads Chamber Foundation

$50K · 1 grant · 2020

Dollar Bank Foundation

$30K · 3 grants · 2021–2023

Hampton Roads Shipping Association

$25K · 1 grant · 2023

Details

EIN540600387
NTEE codeS30
Subsection03
Ruling date2020-03
Formed1997
Employees17
Volunteers38
HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE — Mission, Financials & Grants Received | Grantivo