NonprofitsMontgomery County Economic Development Corporation

Community Improvement & Capacity Building

Montgomery County Economic Development Corporation

ROCKVILLE, MD

Total revenue

$6.2M

Total expenses

$6.3M

Net assets

$1.8M

Grants received

$90K

3 grants

EIN

810717388

Tax year

2023

Mission

To advance equitable and inclusive economic growth, prosperity and sustainability in montgomery county through activities which accelerate the growth, retention and attraction of businesses in key industry sectors.

Financials

FY 2023

Revenue

Contributions & grants$6.1M
Program service revenue$134K
Investment income$42K
Other revenue
Total revenue$6.2M

Expenses

Grants paid
Salaries & benefits$3.4M
Fundraising
Other expenses$3.0M
Total expenses$6.3M
Total assets$4.7M
Net assets$1.8M

People

24 listed

NameRoleCompensation

BILL TOMPKINS

PRESIDENT AND CEO

Board

$328K

40 hrs/wk

GRACELYN MCDERMOTT

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

JAKE WEISSMANN

EX-OFFICIO MEMBER, BOARD O

Board

2 hrs/wk

JENNIFER HSIN

TREASURER, BOARD OF DIRECT

Board

4 hrs/wk

JIM SOLTESZ

MEMBER, BOARD OF DIRECTORS

Board

4 hrs/wk

KEN MILLS

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

ALBERTO LACAZE

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

KEVIN BEVERLY

CHAIR, BOARD OF DIREC

Board

4 hrs/wk

MATTHEW LEE

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

MUKESH KUMAR

SECRETARY, BOARD OF DIRECT

Board

4 hrs/wk

SILVANA NANI

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

KEVIN ANDERSON

EX-OFFICIO MEMBER, BOARD OF DIRECTORS

Board

4 hrs/wk

ANTHONY FEATHERSTON

EX-OFFICIO MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

CHERLYN FREEMAN-WATKINS

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

COUNCILMEMBER MARILYN BALCOMBE

EX-OFFICIO MEMBER, BOARD OF DIRECTORS

Board

4 hrs/wk

DEVANG SHAH

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

DR ANNE KHADEMIAN

MEMBER, BOARD OF DIRECTORS

Board

2 hrs/wk

ELANA FINE

VICE CHAIR, BOARD OF DIREC

Board

2 hrs/wk

BRAD STEWART

SVP, BUSINESS DEVELOPMENT (OUTGOING)

Staff

$192K

40 hrs/wk

STACEY HARDY

VP OF OPERATIONS

Staff

$168K

40 hrs/wk

MICHAEL MITCHELL

VP OF MARKETING & COMMUNICATION

Staff

$162K

40 hrs/wk

LAUREEN M BABB

DIRETOR OF ECONOMIC DEVELOPMENT

Staff

$161K

40 hrs/wk

LYNNE BENZION

DIRECTOR OF ECONOMIC DEVEL (OUTGOING)

Staff

$160K

40 hrs/wk

NARBELI GALINDO

BUSINESS COMMUNITY ENGAGEMENT MANAGER

Staff

$119K

1 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$25K
FOR GENERAL SUPPORT OF ITS MISSION
2022
$60K
COVID-19 RELIEF SUPPORT
2020
$5K
SPONSORSHIP OF MONTGOMERY COUNTY BUSINESS ROUNDTABLE
2020

Funded by

$90K from 3 funders · 3 grants · 2020–2022

Exelon Foundation

$60K · 1 grant · 2020

The Rockefeller Foundation

$25K · 1 grant · 2022

Metropolitan Washington Chapter

$5K · 1 grant · 2020

Details

EIN810717388
NTEE codeS30
Subsection03
Ruling date2017-03
Formed2015
Employees30
Volunteers18
MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo