Form 990 for tax year 2023
Filed by REGIONAL DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,149,014
- Total expenses
- $1,326,211
- Contributions and grants received
- $1,105,482
- Grants paid
- $684,885
- Program service revenue
- $0
- Investment income
- $43,532
- Other revenue
- $0
- Total assets, end of year
- $1,311,537
- Total liabilities, end of year
- $115,880
- Net assets or fund balances, end of year
- $1,195,657
- Program services expenses (Part IX)
- $1,207,835
- Management and general expenses
- $118,376
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,207,835
Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$175,000
-
1f · All other contributions, gifts and grants
$930,482
-
3 · Investment income
total $43,532 · excluded $43,532
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $684,885 · program services $684,885
-
5 · Compensation of officers, directors and key employees
total $61,240 · program services $57,526 · management and general $3,714
-
7 · Other salaries and wages
total $272,914 · program services $256,365 · management and general $16,549
-
8 · Pension plan contributions
total $17,178 · program services $16,136 · management and general $1,042
-
10 · Payroll taxes
total $26,690 · program services $25,088 · management and general $1,602
-
11c · Fees: accounting
total $16,251 · program services $13,161 · management and general $3,090
-
11g · Fees: other
total $70,903 · program services $57,421 · management and general $13,482
-
12 · Advertising and promotion
total $56,879 · management and general $56,879
-
13 · Office expenses
total $18,481 · program services $7,194 · management and general $11,287
-
14 · Information technology
total $2,280 · program services $1,846 · management and general $434
-
16 · Occupancy
total $17,493 · program services $16,432 · management and general $1,061
-
17 · Travel
total $21,134 · program services $21,134
-
19 · Conferences, conventions and meetings
total $39,397 · program services $33,632 · management and general $5,765
-
22 · Depreciation, depletion and amortization
total $4,417 · program services $4,149 · management and general $268
-
23 · Insurance
total $3,328 · program services $3,126 · management and general $202
-
24a · Other expenses: DIRECT PROGRAM CONSULTING
total $8,019 · program services $6,494 · management and general $1,525
-
24b · Other expenses: MISCELLANEOUS
total $4,722 · program services $3,246 · management and general $1,476
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,744 · end of year $299,992
-
2 · Savings and temporary cash investments
beginning of year $1,401,094 · end of year $935,366
-
3 · Pledges and grants receivable
beginning of year $45,654 · end of year $47,160
-
4 · Accounts receivable
beginning of year $1,493
-
9 · Prepaid expenses and deferred charges
beginning of year $5,433 · end of year $4,731
-
10a · Land, buildings and equipment: cost or other basis
$32,080
-
10b · Land, buildings and equipment: accumulated depreciation
$23,708
-
10c · Land, buildings and equipment, net
beginning of year $7,539 · end of year $8,372
-
15 · Other assets
beginning of year $25,339 · end of year $15,916
-
17 · Accounts payable and accrued expenses
beginning of year $111,235 · end of year $67,899
-
25 · Other liabilities
beginning of year $66,207 · end of year $47,981
-
27 · Net assets without donor restrictions
beginning of year $530,808 · end of year $609,932
-
28 · Net assets with donor restrictions
beginning of year $842,046 · end of year $585,725
Mission and programs · 2023
Mission
THE REGIONAL DEVELOPMENT CORPORATION (RDC) IS A PRIVATE NON-PROFIT 501(C) (3) ORGANIZATION DEDICATED TO IMPROVING ECONOMIC DEVELOPMENT IN NORTHERN NEW MEXICO. RDC PROVIDES PRIVATE INVESTMENT OPPORTUNITIES AND TECHNICAL ASSISTANCE TO FACILITATE JOB GROWTH AND DIVERSIFY THE ECONOMIES OF COMMUNITIES IN THE FOLLOWING SEVEN COUNTIES: LOS ALAMOS, MORA, RIO ARRIBA, SANDOVAL, SAN MIGUEL, SANTA FE, TAOS, AND THE MUNICIPALITIES AND NATIVE AMERICAN PUEBLOS THEREIN.
-
REGIONAL DEVELOPMENT CORPORATION INITIATIVES INCLUDE BUSINESS RETENTION & EXPANSION WHICH PROVIDES ONE-ON-ONE TECHNICAL ASSISTANCE SERVICES TO CURRENT AND FUTURE BUSINESS OWNERS FREE OF CHARGE. THIS INITIATIVE INCLUDES FUNDING OPPORTUNITIES TO HELP DIVERSIFY THE LOCAL ECONOMIES IN NORTHERN NEW MEXICO OUTSIDE OF LOS ALAMOS NATIONAL LABORATORY INTERESTS. OTHER INITIATIVES INCLUDE THE WORKFORCE AND ACADEMIC NETWORK PILOT PROJECT TO CONVENE INDUSTRY AND ACADEMIC STATEKHOLDERS IN ORDER TO HELP JOB SEEKERS AND STUDENTS MORE EASILY ACCESS TRAINING AND EDUCATION FOR THE CONSTRUCTION INDUSTRY IN NORTHERN NEW MEXICO AND THE HIGHER EDUCATION WORKFORCE PROJECT WHICH IS A PARTNERSHIP BETWEEN RDC AND NORTHERN NEW MEXICO HIGHER EDUCATION INSTITUTIONS TO IDENTIFY TRAINING NEEDS AND DEVELOP A WELL-EDUCATED WORKFORCE IN THE REGION. THESE INITIATIVES ARE LARGELY FUNDED BY TRIAD NATIONAL SECURITY, LLC (TRIAD), THE COMPANY THAT MANAGES LOS ALAMOS NATIONAL LABORATORY. RDC'S INITIATIVES CONTINUED TO STIMULATE ECONOMIC DIVERSIFICATION AND DEVELOPMENT IN NORTHERN NEW MEXICO THROUGH CREATION OF NEW JOBS, LESSENING THE IMPACT OF REDUCTIONS AT LOS ALAMOS NATIONAL LABS.
Expenses $1,207,835 · Grants $684,885
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patrick VanderpoolPATRICK VANDERPOOL
EXECUTIVE DI
- Total calculated
- $61,240
- From this org
- $61,240
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jennifer JenkinsJENNIFER JENKINS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kristin HendersonKRISTIN HENDERSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jack JekowskiJACK JEKOWSKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Everett TrujilloEVERETT TRUJILLO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Linda McLellanLINDA MCLELLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cedric PageCEDRIC PAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elmer SalazarELMER SALAZAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca WurzburgerREBECCA WURZBURGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Phoebe K SuinaPHOEBE K SUINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
UNIVERSITY OF NEW MEXICO LOS ALAMOS
$41,000
WORKFORCE TRAINING
-
SFCC FOUNDATION
$30,000
WORKFORCE TRAINING
-
NORTHERN NEW MEXICO COLLEGE
$23,414
WORKFORCE TRAINING
-
LUNA COMMUNITY COLLEGE
$23,000
WORKFORCE TRAINING
-
TAOS PUEBLO BEHAVIORAL HEALTH
$15,000
WORKFORCE TRAINING
-
BERT'S TRASH SERVICES LLC
$9,101
BUSINESS DEVELOPMENT
-
DANCING BUTTERFLY NATURALS LLC
$8,000
BUSINESS DEVELOPMENT
-
DAWN BUTTERFLY CAFE
$8,000
BUSINESS DEVELOPMENT
-
PASSPORT TO PUEBLO COUNTY
$8,000
BUSINESS DEVELOPMENT
-
SAGE MOUNTAINFLOWER LLC
$8,000
BUSINESS DEVELOPMENT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521049349301127
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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