Skip to content
Nonprofiteer
← All organizations

ALBUQUERQUE ECONOMIC DEVELOPMENT INC

EIN 85-0157216 ALBUQUERQUE, NM

Revenue 2025
$2,343,577
Expenses 2025
$1,969,134

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S30
Classification
1200
Street
201 3RD ST NW STE 1900

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 · 2025

Mission

AREA is a 501(c)(3) public charity that leads and executes strategies designed to grow and diversify the economic base of the greater Albuquerque region, creating a prosperous, diverse, and inclusive economy and elevating the standard of living for all.

  • In 2025 AREA advanced through a pivotal year of the AREA 1.0 Strategic Plan with strong momentum, translating years of foundations work into measurable progress for the greater Albuquerque region. The year was defined by landmark project wins in aerospace, defense and next generations energy, alongside continued gains in site readiness, workforce alignment, and regional collaboration. Business recruitment, retention and expansion: AREA recruits companies that export the majority of their goods and services outside of New Mexico, thereby bringing new money into the state's economy. Business development: AREA assists existing local businesses with their expansion plans, helping connect them to resources that position them for growth.Recruitment and development of contributors: AREA invites leading metro area businesses to contribute to the organization and to be engaged for the advancement of its mission. AREA provides educational programs, training and networking opportunities to its contributors.

    Expenses $1,595,241

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Danielle Casey

    Past Pres/CEO

    Total calculated
    $215,294
    From this org
    $205,800
    From related orgs
    $0
    Other
    $9,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,800
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,885
    Nontaxable benefits
    $609
    Filer's total
    $215,294

  • Chad Matheson

    Interim Pre/CEO

    Total calculated
    $205,631
    From this org
    $185,292
    From related orgs
    $0
    Other
    $20,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,292
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,236
    Nontaxable benefits
    $11,103
    Filer's total
    $205,631

  • Mary Tieman

    COO

    Total calculated
    $112,609
    From this org
    $107,583
    From related orgs
    $0
    Other
    $5,026
    Hours/week
    40

  • Don Tarry

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Josh Parsons

    Chair Elect

    Total calculated
    $0
    Hours/week
    2

  • Celina Bussey

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Teresa Costantinidis

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Kyle Beasley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Canfield

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Chynoweth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michelle Dearholt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robin Divine

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Farr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Frank Gallegos

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Gardner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Troy Greer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joanie Griffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Debbie Harms

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tracy Hartzler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Justin Horwitz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ruth Huning-Gonzales

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shad James

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wayne Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leean Kravitz

    Director

    Total calculated
    $0
    Hours/week
    1

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

  • 2025
    Revenue
    $2,343,577
    Expenses
    $1,969,134
    Contributions
    $2,001,099
    Grants paid
    $0
  • 2024
    Revenue
    $1,891,669
    Expenses
    $2,002,753
    Contributions
    $1,465,968
    Grants paid
    $0
  • 2023
    Revenue
    $1,955,317
    Expenses
    $1,975,799
    Contributions
    $1,681,907
    Grants paid
    $0
  • 2022
    Revenue
    $1,639,266
    Expenses
    $1,875,350
    Contributions
    $1,338,891
    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
    $2,101,015
    Expenses
    $1,853,839
    Assets (EOY)
    $4,275,718

  • 2020 · 990

    Revenue
    $1,376,761
    Expenses
    $1,509,603
    Assets (EOY)
    $3,764,162

  • 2019 · 990

    Revenue
    $1,633,837
    Expenses
    $1,735,838
    Assets (EOY)
    $3,583,451

  • 2018 · 990

    Revenue
    $1,654,827
    Expenses
    $1,835,997
    Assets (EOY)
    $3,508,003

  • 2017 · 990

    Revenue
    $1,439,041
    Expenses
    $1,613,380
    Assets (EOY)
    $4,061,553

  • 2016 · 990

    Revenue
    $5,400,191
    Expenses
    $1,679,011
    Assets (EOY)
    $3,905,810

  • 2015 · 990

    Revenue
    $1,762,995
    Expenses
    $1,781,621
    Assets (EOY)
    $163,954

  • 2014 · 990

    Revenue
    $1,446,500
    Expenses
    $1,464,924
    Assets (EOY)
    $171,453

  • 2013 · 990

    Revenue
    $1,600,256
    Expenses
    $1,498,809
    Assets (EOY)
    $191,550

  • 2011 · 990

    Revenue
    not reported
    Expenses
    $1,396,714
    Assets (EOY)
    $208,858

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. Showing the 10 most recent; the API carries the rest.

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

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2025 return

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 13 October 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 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.