NonprofitsRappahannock Economic Development

Rappahannock Economic Development

FREDERICKSURG, VA

Total revenue

$702K

Total expenses

$692K

Net assets

$500K

Grants received

EIN

541389463

Tax year

2023

Mission

To promote economic development and growth of the small business community within virginia, maryland, west virginia and washington, dc. To promote and increase private sector investment in long-term fixed assets, which will increase productivity, create or retain employment opportunities and increase the local tax base in the area of operations. In summary, it is the intent of the rappahannock economic development corporation to provide a positive economic impact within its community, or meet a public policy goal of the small business administration (sba).

Programs

1 program

Enabling participation in sba loan programs.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$641K
Investment income$61K
Other revenue
Total revenue$702K

Expenses

Grants paid
Salaries & benefits$526K
Fundraising
Other expenses$166K
Total expenses$692K
Total assets$614K
Net assets$500K

People

15 listed

NameRoleCompensation

JOE DISTEFANO

PRESIDENT

Board

$189K

40 hrs/wk

KRISTIN SHIELDS

VICE CHAIRWO

Board

1 hrs/wk

BRIAN BAKER

PAST CHAIRMA

Board

1 hrs/wk

GEORGE CHRISTOPHER

TREASURER

Board

1 hrs/wk

KATHY SPEAKMAN

SECRETARY

Board

1 hrs/wk

BILL OETERS

ASSISTANT SE

Board

1 hrs/wk

RICH IRON

DIRECTOR

Board

1 hrs/wk

TERI TOSTI

CHAIRWOMAN

Board

1 hrs/wk

CURRY ROBERTS

DIRECTOR

Board

1 hrs/wk

MATT KELLY

DIRECTOR

Board

1 hrs/wk

JIM HOWARD

DIRECTOR

Board

1 hrs/wk

STEVEN APICELLA

DIRECTOR

Board

1 hrs/wk

MIKE KENNISON

DIRECTOR

Board

1 hrs/wk

BRENDA HISGHMAN

DIRECTOR

Board

1 hrs/wk

JEFF ROUSE

DIRECTOR

Board

1 hrs/wk

Details

EIN541389463
Subsection04
Ruling date1986-09
Formed1983
Employees3
RAPPAHANNOCK ECONOMIC DEVELOPMENT — Mission, Financials & Grants Received | Grantivo