ROCKVILLE ECONOMIC DEVELOPMENT INC

As filed

Subsection

03

NTEE code

S30Z

Classification

1000

Street

51 MONROE STREET PE - 20

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).

Mission and programs · 2024

• 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.

  Expenses $1,070,625 · Grants $209,084

• THE MARYLAND WOMEN'S BUSINESS CENTER (MWBC), A PROGRAM OF REDI, HELPS 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.

  Expenses $842,290 · Grants $9,734 · Revenue $88,813

As filed on the 2024 return.

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.

The first 25 listed. 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

  $2,212,860

  Expenses

  $2,202,493

  Contributions

  $2,109,898

  Grants paid

  $218,818

• 2023

  Revenue

  $1,994,068

  Expenses

  $2,212,207

  Contributions

  $1,901,347

  Grants paid

  $415,180

• 2022

  Revenue

  $2,382,137

  Expenses

  $2,232,723

  Contributions

  $2,215,580

  Grants paid

  $597,250

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

  $2,488,151

  Expenses

  $2,026,342

  Assets (EOY)

  $1,644,147

• 2020 · 990

  Revenue

  $1,951,049

  Expenses

  $1,748,144

  Assets (EOY)

  $1,358,692

• 2019 · 990

  Revenue

  $1,614,016

  Expenses

  $1,488,101

  Assets (EOY)

  $980,214

• 2018 · 990

  Revenue

  $1,543,236

  Expenses

  $1,451,077

  Assets (EOY)

  $768,603

• 2017 · 990

  Revenue

  $1,098,043

  Expenses

  $1,067,111

  Assets (EOY)

  $730,528

• 2017 · 990

  Revenue

  $1,098,043

  Expenses

  $1,112,802

  Assets (EOY)

  $684,836

• 2016 · 990

  Revenue

  $1,250,963

  Expenses

  $1,128,154

  Assets (EOY)

  $719,964

• 2015 · 990

  Revenue

  $895,454

  Expenses

  $1,055,393

  Assets (EOY)

  $611,373

• 2013 · 990

  Revenue

  $907,713

  Expenses

  $888,778

  Assets (EOY)

  $688,466

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

• DM ROCKVILLE LLC DBA DAWSON'S MARKET

  $400,000

  2022 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• DM ROCKVILLE LLC DBA DAWSON'S MARKET

  $200,000

  2023 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• INTERFAITH WORKS INC

  $40,000

  2022 · INCENTIVE PROGRAM PAYMENT FOR INCENTIVE PROGRAM THAT REDI OVERSEES.

• PODVILLE MEDIA

  $40,000

  2024 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• MONTAGE MARKETING GROUP LLC

  $34,800

  2023 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• MONTGOMERY COUNTY GREEN BANK CORPORATION

  $25,520

  2024 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• NATURE BY TREJOK

  $25,000

  2022 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• LAUNCH SP LLC

  $25,000

  2023 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• WALKING LIBERTY LLC

  $25,000

  2023 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

• DECIPHER EVENTS LLC

  $24,900

  2023 · IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES.

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• ASSOCIATION OF WOMENS BUSINESS CENTERS

  $20,000

  2023 · EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT

• WORKSOURCE MONTGOMERY INC

  $20,000

  2022 · PARTICIPANT WAGES

• ASSOCIATION OF WOMENS BUSINESS CENTERS

  $10,000

  2022 · GENERAL SUPPORT

Other IRS files