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EIN 54-0600387

Hampton Roads Economic Development Alliance (HREDA)

IRS 501(c) type
501(c)(3)
Num. employees
16
City
Norfolk
State
Virginia
Year formed
1997
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
HREDA serves as the region's lead economic development and marketing organization for promoting and recruiting new business to locations in Hampton Roads. Their efforts are paying off.
Also known as...
Hampton Roads Economic Development Allia Development Alliance
Total revenues
$3,867,938
2022
Total expenses
$3,508,588
2022
Total assets
$4,472,009
2022
Num. employees
16
2022

Program areas at HREDA

The organization promotes Economic investment and business expansion in the Hampton Roads area and from throughout the world through marketing.
The organization is involved with attracting and retaining investors through investor relations initiatives.
The organization provides research resources that provide material about the Hampton Roads region.

Who funds Hampton Roads Economic Development Alliance (HREDA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Landmark FoundationHuman Services$100,000
Riverside Healthcare Association Inc GroupSponsorship$25,000
Dollar Bank FoundationCommunity Development$10,000

Personnel at HREDA

NameTitleCompensation
Douglas L SmithPresident and Chief Executive Officer$404,976
Bill ErmatingerVice Chair / Director / Board Member$0
Howard KernPast Chair / Vice - Chair / Vice Chair / Director$0
Keith VandervennetVice Chair / Director$0
Brian SkinnerPast Chair / Vice Chair / Secretary / Director$0
...and 9 more key personnel

Financials for HREDA

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,744,908
Program services$121,392
Investment income and dividends$1,638
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$3,867,938

Form 990s for HREDA

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-10990View PDF
2019-122021-03-02990View PDF
2018-122020-02-10990View PDF
...and 9 more Form 990s

Organizations like HREDA

OrganizationLocationRevenue
Enterprise Florida (EFI)Orlando, FL$16,140,627
Choose New JerseyNewark, NJ$8,239,156
Texas Economic Development CorporationAustin, TX$3,628,909
Southeast Kentucky Economic Development CorporationSomerset, KY$3,726,346
Stafford County Economic DevelopmentSt John, KS$1,067,232
Appalachian Center for Economic NetworksAthens, OH$1,209,382
Appalachian PartnershipLogan, OH$3,453,432
Stark Economic Development BoardCanton, OH$1,169,229
Northern Great Lakes InitiativesMarquette, MI$8,055,442
Lehigh Valley Economic Development Corporation (LVEDC)Bethlehem, PA$3,199,006
Data update history
January 18, 2024
Updated personnel
Identified 1 new personnel
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Used new vendors
Identified 3 new vendors, including , , and
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from The Landmark Foundation
August 19, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from The Landmark Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Operates internationallyReceives government fundingTax deductible donations
General information
Address
3 Commercial Pl 1320
Norfolk, VA 23510
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
Website URL
hamptonroadsalliance.com/ 
Phone
(800) 423-5068
Twitter profile
@hamptonroadseda 
IRS details
EIN
54-0600387
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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