NonprofitsRochester Area Economic Development Inc Redi

Rochester Area Economic Development Inc Redi

ROCHESTER, MN

Total revenue

$1.4M

Total expenses

$1.4M

Net assets

$4.6M

Grants received

$186K

1 grants

EIN

363414363

Tax year

2024

Mission

Raedi's mission is to lead and support economic, community, and workforce development initiatives that grow, and diversify the greater rochester area economy.

Programs

2 programs

Operate the business accelerator program.

Invest in companies who help grow and diversify the economic base.

Financials

FY 2024

Revenue

Contributions & grants$913K
Program service revenue$401K
Investment income$91K
Other revenue$7K
Total revenue$1.4M

Expenses

Grants paid
Salaries & benefits$1.0M
Fundraising
Other expenses$379K
Total expenses$1.4M
Total assets$4.6M
Net assets$4.6M

People

23 listed

NameRoleCompensation

JOHN WADE

PRESIDENT

Board

$185K

40 hrs/wk

JOHN BEATTY

DIRECTOR

Board

2 hrs/wk

ANGIE BOWMAN-MALLOY

DIRECTOR

Board

2 hrs/wk

JULIE HENRY

DIRECTOR

Board

2 hrs/wk

SAM SLIGHTAM

DIRECTOR

Board

2 hrs/wk

CHAD DECOOK

DIRECTOR

Board

2 hrs/wk

NORM DOTY

DIRECTOR

Board

2 hrs/wk

BRUCE GUDLIN

DIRECTOR

Board

2 hrs/wk

ADAM BENIKE

DIRECTOR

Board

2 hrs/wk

HEIDI WELSCH

DIRECTOR

Board

2 hrs/wk

ALISON ZELMS

DIRECTOR

Board

2 hrs/wk

MICHELLE PYFFEROEN

DIRECTOR

Board

2 hrs/wk

DIANNA ROBINSON

VICE CHAIR

Board

2 hrs/wk

PATRICK SEEB

DIRECTOR

Board

2 hrs/wk

ERIN SEXTON

SECRETARY/TREASURER

Board

2 hrs/wk

MIKE HENKE

DIRECTOR

Board

2 hrs/wk

DHARANI RAMAMOORTHY

DIRECTOR

Board

2 hrs/wk

JOHN REED

DIRECTOR

Board

2 hrs/wk

TIM MCCOLLOUGH

DIRECTOR

Board

2 hrs/wk

JARETT JONES

CHAIR

Board

2 hrs/wk

MELISSA BRINKMAN

PAST CHAIR

Board

2 hrs/wk

TAWONDA BURKS

DIRECTOR OF OPERATIONS

Staff

$124K

40 hrs/wk

KIRK BUSTROM

DIRECTOR OF ECONOMIC DEVELOPMENT

Staff

$102K

40 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$186K
SUPPORT EXEMPT PURPOSE
2023

Funded by

$186K from 1 funder · 1 grant · 2023

Mayo Clinic

$186K · 1 grant · 2023

Details

EIN363414363
Subsection06
Ruling date1986-01
Formed1986
Employees8
Volunteers20
ROCHESTER AREA ECONOMIC DEVELOPMENT INC REDI — Mission, Financials & Grants Received | Grantivo