EIN 52-1810772

Anne Arundel Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
18
Year formed
1993
Most recent tax filings
2022-06-01
Description
Anne Arundel Economic Development Corporation promotes economic development by offering financing options and economic information, serving business needs, and increasing the county's economic base through job growth and investment. It manages Maryland's small minority and women-owned business loan fund which receives 1.5% of video lottery terminal revenue from casinos. It provides loans to businesses in or relocating to Anne Arundel county for encouraging business development within the county.
Total revenues
$3,951,927
2022
Total expenses
$3,576,284
2022
Total assets
$9,320,610
2022
Num. employees
18
2022

Program areas at Anne Arundel Economic Development Corporation

Financial services:provides loans to businesses located in or relocating to, Anne Arundel county, Maryland. The program is for the purpose of encouraging business Development within the county.
Agricultural marketing:providing leasing of agricultural equipment and objects and to promote and encourage the Development of agriculture in Anne Arundel county and southern Maryland.
Anne Arundel Economic Development Corporation serves as a manager of Maryland small minority and women-owned business loan fund, which receives 1.5% of video lottery terminal revenue from Maryland casinos. Small and minority, women and veteran owned businesses located within 10 miles of any of Maryland's three casinos and those located elsewhere in the state may be eligible for loans of between $25,000 to $500,000 for purposes such as business and commercial real estate acquisition and expansion, leasehold improvements, equipment and vehicle purchase, and working capital.

Personnel at Anne Arundel Economic Development Corporation

NameTitleCompensation
Benjamin BirgePresident and Chief Executive Officer$153,715
Rosa Cruz-PenefielVice President of Communications / Vice President , Communications$115,894
Wesley MacQuilliamVice President , Bus Dev't and Real Estate / V.P , Business Dev't and Real Estate$102,581
Eric DevitoChairman$0
Paul GableSecretary / Vice Chairman$0
...and 7 more key personnel

Financials for Anne Arundel Economic Development Corporation

RevenuesFYE 06/2022
Total grants, contributions, etc.$3,242,370
Program services$707,641
Investment income and dividends$1,916
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,951,927

Form 990s for Anne Arundel Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-09990View PDF
2020-062021-04-14990View PDF
2019-062020-01-29990View PDF
2018-062019-08-17990View PDF
2017-062018-11-15990View PDF
...and 7 more Form 990s

Organizations like Anne Arundel Economic Development Corporation

OrganizationLocationRevenue
Ohio Regional Development CorporationCoshocton, OH$1,111,377
Greater Beaufort Port Royal ConventBeaufort, SC$1,266,706
Great Northern Development CorporationWolf Point, MT$1,261,613
Rockaway Development and Revitalization CorporationFar Rockaway, NY$1,726,927
San Pablo Economic Development CorporationSan Pablo, CA$3,639,773
Southeast Ark Economic Development DistrictPine Bluff, AR$3,105,093
Itasca Economic Development CorporationGrand Rapids, MN$1,851,180
Delaware Advancement CorporationMuncie, IN$3,911,691
St John Community Development CorporationMiami, FL$1,447,213
ACT Albany Community TogetherAlbany, GA$1,211,635
Data update history
May 17, 2023
Updated personnel
Identified 2 new personnel
May 16, 2023
Updated personnel
Identified 1 new personnel
July 10, 2022
Posted financials
Added Form 990 for fiscal year 2020
July 9, 2022
Used new vendors
Identified 3 new vendors, including , , and
June 23, 2021
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donations
General information
Address
2660 Riva Rd 200
Annapolis, MD 21401
Metro area
Baltimore-Columbia-Towson, MD
Website URL
aaedc.org/ 
Phone
(410) 222-7410
IRS details
EIN
52-1810772
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when Anne Arundel Economic Development Corporation has new information, or want to find more organizations like Anne Arundel Economic Development Corporation?

Create free Cause IQ account