EIN 52-2056731

Rockville Economic Development (REDI)

IRS 501(c) type
501(c)(3)
Num. employees
14
Year formed
1997
Most recent tax filings
2022-06-01
NTEE code, primary
Description
Rockville Economic Development, Inc. (REDI) was formed in 1997 as a 501(c)(3) by the City of Rockville to proactively support existing industry and attract new businesses to the city. REDI provides businesses with the necessary tools to get started in Rockville and offers guidance and support to business ventures in the city. The mission of Rockville Economic Development, Inc. (REDI) is to assure the City’s future economic vitality. REDI helps companies grow by providing knowledge, access, resources, and direction to companies at all stages of growth.
Total revenues
$2,488,151
2022
Total expenses
$2,026,342
2022
Total assets
$1,644,147
2022
Num. employees
14
2022

Program areas at REDI

Economic Development activities including business recruitment, Development and business retention. Redi also manages incentive programs to encourage new business locations & existing business expansions in the city of Rockville.
The Maryland women's business center (mwbc), a program of redi, helps the 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.

Personnel at REDI

NameTitleCompensation
Cynthia RivardeChief Executive Officer$175,563
Jose OchoaChief Business Officer, Altimmune Altimmune.com$0
Todd P. ExecutiveVice President
Cynthia StewartExecutive Director - After December$9,519
Lauren CannonTraining, Event, and Outreach Manager
...and 10 more key personnel

Financials for REDI

RevenuesFYE 06/2022
Total grants, contributions, etc.$2,468,486
Program services$19,594
Investment income and dividends$71
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$2,488,151

Form 990s for REDI

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-14990View PDF
2021-062022-03-27990View PDF
2020-062021-04-06990View PDF
2019-062021-01-21990View PDF
2018-062020-10-15990View PDF
...and 9 more Form 990s

Organizations like REDI

OrganizationLocationRevenue
Greater Eastern Oregon Development CorporationPendleton, OR$2,441,221
Pittsburgh Gateways CorporationPittsburgh, PA$4,309,584
Montclair Center CorporationMontclair, NJ$768,086
Seneca Industrial and Economic Development CorporationTiffin, OH$895,353
Bowman County Job DevelopmentBowman, ND$734,206
Western Arkansas Planning andFort Smith, AR$2,141,077
Southeastern New Mexico Economic Development DistrictRoswell, NM$701,590
Nash-Edgecombe Economic DevelopmentRocky Mount, NC$9,450,498
Missouri EnterpriseRolla, MO$4,973,546
Greater Phoenix Economic CouncilPhoenix, AZ$7,545,492
Data update history
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 7 new personnel
June 9, 2023
Updated personnel
Identified 4 new personnel
May 8, 2023
Received grants
Identified 1 new grant, including a grant for $20,000 from Greater Washington Community Foundation
November 7, 2022
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
51 Monroe St Pe-20
Rockville, MD 20850
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
rockvilleredi.org/ 
Phone
(301) 315-8096
Facebook page
RockvilleREDI 
Twitter profile
@rockvilleredi 
IRS details
EIN
52-2056731
Fiscal year end
June
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
Free account sign-up

Want updates when REDI has new information, or want to find more organizations like Rockville Economic Development (REDI)?

Create free Cause IQ account