Nonprofits›Rockville Economic Development Inc

Community Improvement & Capacity Building

Rockville Economic Development Inc

ROCKVILLE, MD

WebsiteView as a funder

Total revenue

$2.0M

Total expenses

$2.2M

Net assets

$1.1M

Grants received

$70K

4 grants

EIN

522056731

Tax year

2023

Mission

To identify and develop economic opportunities to help rockville prosper.

Programs

1 program

The maryland women's business center (mwbc), a program of redi, helps maryland capital region's diverse population start and build successful women-owned enterprises that are positioned for long-term growth in our community. Mwbc conducts training, offers technical assistance, and provides resources for entrepreneurs seeking to start and grow women-owned enterprises in our community. Special initiatives include a childcare business development program and retail incubator.

Expenses: $866K

Financials

FY 2023

Revenue

Contributions & grants$1.9M
Program service revenue$84K
Investment income$8K
Other revenue$142
Total revenue$2.0M

Expenses

Grants paid$415K
Salaries & benefits$1.1M
Fundraising$2K
Other expenses$714K
Total expenses$2.2M
Total assets$1.9M
Net assets$1.1M

People

28 listed

NameRoleCompensation

CYNTHIA RIVARDE

CHIEF EXECUTIVE OFFICER

Board

$200K

40 hrs/wk

TODD PEARSON

TREASURER

Board

—

4 hrs/wk

NIKHIL BIJLANI

DIRECTOR

Board

—

1 hrs/wk

SUZANNE OSBORN

DIRECTOR

Board

—

1 hrs/wk

MARJI GRAF

DIRECTOR

Board

—

1 hrs/wk

RICHARD ALVAREZ

DIRECTOR

Board

—

1 hrs/wk

BRIDGET NEWTON UNITL NOV 2023

DIRECTOR

Board

—

1 hrs/wk

ANGELA CHANEY

DIRECTOR

Board

—

1 hrs/wk

MORGAN SULLIVAN

DIRECTOR

Board

—

1 hrs/wk

MICHAEL SCOTT

DIRECTOR

Board

—

1 hrs/wk

BEN ANSTROM

DIRECTOR

Board

—

1 hrs/wk

LAVONNE TORRENCE BERNER

DIRECTOR

Board

—

1 hrs/wk

SUSAN PRINCE

CHAIR

Board

—

4 hrs/wk

JUSTIN YANG

DIRECTOR

Board

—

1 hrs/wk

ALTON J HENLEY

DIRECTOR

Board

—

1 hrs/wk

ROB DISPIRITO UNTIL 92023

DIRECTOR

Board

—

1 hrs/wk

NICK FULLENKAMP

DIRECTOR

Board

—

1 hrs/wk

KELLY GROFF

DIRECTOR

Board

—

1 hrs/wk

BARACK MATITE UNTIL 112023

DIRECTOR

Board

—

1 hrs/wk

CRAIG SIMONEAU

DIRECTOR

Board

—

1 hrs/wk

CARLA MERRITT

DIRECTOR

Board

—

1 hrs/wk

MONIQUE ASHTON SINCE NOV 2023

DIRECTOR

Board

—

1 hrs/wk

BILL TOMPKINS EX-OFFICIO

DIRECTOR

Board

—

1 hrs/wk

CLIFF VIERS

DIRECTOR

Board

—

1 hrs/wk

NANCY REGELIN

VICE CHAIR

Board

—

1 hrs/wk

BEI MA

VICE CHAIR

Board

—

1 hrs/wk

RICHELLE WILSON

DEPUTY DIRECTOR

Staff

$117K

40 hrs/wk

DANETTE NGUYEN

MWBC MANAGING DIRECTOR

Staff

$112K

40 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
ASSOCIATION OF WOMEN'S BUSINESS CENTERS
$20K
EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT
2023
Worksource Montgomery Inc
$20K
PARTICIPANT WAGES
2022
ASSOCIATION OF WOMEN'S BUSINESS CENTERS
$10K
GENERAL SUPPORT
2022
Greater Washington Community Foundation
$20K
general support
2020

Funded by

$70K from 3 funders · 4 grants · 2020–2023

Association Of Women's Business Centers

$30K · 2 grants · 2022–2023

Worksource Montgomery Inc

$20K · 1 grant · 2022

Details

EIN522056731
NTEE codeS30Z
Subsection03
Ruling date1998-05
Formed1997
Employees15
Volunteers23
ROCKVILLE ECONOMIC DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo