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MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN 81-0717388 ROCKVILLE, MD

Browse the largest nonprofits in Maryland

Revenue 2024
$5,135,090
Expenses 2024
$5,464,181

Program services were 80.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S30
Classification
1000
Street
1801 ROCKVILLE PIKE STE 320

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 320). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

MARKETING AND BUSINESS DEVELOPMENT TO DRIVE ECONOMIC GROWTH IN MONTGOMERY COUNTY, MARYLAND.

Activities or mission (Part I)

TO ADVANCE EQUITABLE AND INCLUSIVE ECONOMIC GROWTH, PROSPERITY AND SUSTAINABILITY IN MONTGOMERY COUNTY THROUGH ACTIVITIES WHICH ACCELERATE THE GROWTH, RETENTION AND ATTRACTION OF BUSINESSES IN KEY INDUSTRY SECTORS.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $4,415,142 · Revenue $110,953

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Todd Pearson

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Dr Mukesh Kumar

    VICE-CHAIR, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Andy Chod

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Kevin Beverly

    IMMEDIATE PAST CHAIR, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Dr Anne Khademian

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Pete Briskman

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Matthew Lee

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Silvana Nani

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Cherlyn Freeman-Watkins

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Anthony Featherston

    EX-OFFICIO MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Richard Madaleno

    EX-OFFICIO MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Councilmember Marilyn Balcombe

    EX-OFFICIO MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    4
  • Jim Soltesz

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    4
  • Jennifer Hsin

    TREASURER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    4
  • Elana Fine

    CHAIR, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    4
  • Kevin Anderson

    EX-OFFICIO MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    4
  • Devang Shah

    SECRETARY, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    4
  • Bill Tompkins

    PRESIDENT AND CEO

    Total calculated
    $296,053
    From this org
    $277,163
    From related orgs
    $0
    Other
    $18,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,163
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,890
    Filer's total
    $296,053
  • Stacey Hardy

    VP OF OPERATIONS

    Total calculated
    $201,998
    From this org
    $183,999
    From related orgs
    $0
    Other
    $17,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,749
    Bonus
    $9,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,999
    Filer's total
    $201,998
  • Lynne Benzion

    DIRECTOR OF ECONOMIC DEVELOPMENT

    Total calculated
    $192,536
    From this org
    $173,480
    From related orgs
    $0
    Other
    $19,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,433
    Bonus
    $5,047
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,056
    Filer's total
    $192,536
  • Michael Mitchell

    VP OF MARKETING & COMMUNICATION

    Total calculated
    $205,373
    From this org
    $177,190
    From related orgs
    $0
    Other
    $28,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,880
    Bonus
    $5,310
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,183
    Filer's total
    $205,373
  • Laureen M Babb

    DIRECTOR OF ECONOMIC DEVELOPMENT

    Total calculated
    $195,699
    From this org
    $181,081
    From related orgs
    $0
    Other
    $14,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,219
    Bonus
    $29,862
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,618
    Filer's total
    $195,699
  • Prayas Neupane

    DIRECTOR OF ECONOMIC DEVELOPMENT

    Total calculated
    $170,740
    From this org
    $163,197
    From related orgs
    $0
    Other
    $7,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,547
    Bonus
    $9,650
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,543
    Filer's total
    $170,740

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $5,135,090
    Expenses
    $5,464,181
    Contributions
    $4,989,640
    Grants paid
    $0
  • 2023
    Revenue
    $6,240,820
    Expenses
    $6,348,144
    Contributions
    $6,064,607
    Grants paid
    $0
  • 2022
    Revenue
    $7,205,268
    Expenses
    $6,944,623
    Contributions
    $7,063,105
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $7,933,113
    Expenses
    $8,894,394
    Assets (EOY)
    $2,827,028
  • 2020 · 990

    Revenue
    $21,976,364
    Expenses
    $22,480,206
    Assets (EOY)
    $7,174,281
  • 2019 · 990

    Revenue
    $7,128,842
    Expenses
    $6,108,581
    Assets (EOY)
    $4,129,581
  • 2018 · 990

    Revenue
    $5,109,698
    Expenses
    $4,485,147
    Assets (EOY)
    $3,221,806
  • 2017 · 990

    Revenue
    $5,030,563
    Expenses
    $5,237,642
    Assets (EOY)
    $2,590,515
  • 2016 · 990

    Revenue
    $4,478,475
    Expenses
    $3,050,693
    Assets (EOY)
    $2,919,164
  • 2015 · 990

    Revenue
    $500,000
    Expenses
    $237,972
    Assets (EOY)
    $296,985

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.