Martinsville-Henry County Economic Development Corp
To expand the tax base and provide jobs for the martinsville/Henry county by encouraging expansion of local businesses and industries and by recruiting new businesses to locate.
Martinsville-Henry County Economic Development Corp at a glance
In short: Martinsville-Henry County Economic Development Corp gave $378K across 5 grants in 2025 (avg $76K), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $378,000
- +42.4% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $75,600
- +42.4% vs 2024
- Median grant
- $20,000
- Total assets
- $1,593,640
- -75.2% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Martinsville-Henry County Economic Development Corp
Open Grants
4 open opportunities from Martinsville-Henry County Economic Development Corp
Harvest Foundation Economic Development Incentive Pool
Martinsville-Henry County Economic Development Corp
Amount
$5,000,000
Deadline
Deadline not published
Harvest Foundation Summer Internship Program
Martinsville-Henry County Economic Development Corp
Amount
$176,140
Deadline
Deadline not published
Small Business Investment Forum (SBIF) Business Plan Competition
Martinsville-Henry County Economic Development Corp
Amount
Over $10,000
Deadline
Deadline not published
Who Martinsville-Henry County Economic Development Corp funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Press Glass ($183K). Together the top 5 received $378K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 19 grants of 31 (61%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Martinsville-Henry County Economic Development Corp gives
- Giving fell 20% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $248K (2023) to $999K (2021). In 2025 it made 5 grants totaling $378K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Press Glass Ridgeway, VA | Lease Commonwealth Centre | $182,500 |
| Advanced Revert LLC Ridgeway, VA | Building Improvements | $150,000 |
| Martinsville International L Ridgeway, VA | Speedway Sponsorship | $20,000 |
| Henry County Parks & Rec Colinsville, VA | Smith River Fest; Henry County Fair | $18,000 |
| Rooster Walk Martinsville, VA | Music Festival | $7,500 |
Ready to take the next step with Martinsville-Henry County Economic Development Corp?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,593,640 | $-2,575,361 | $2,397,520 | $378,000 | 5 | $-4,901,280 |
| 2024 | $6,423,914 | $1,957,676 | $2,145,786 | $265,500 | 5 | $113,712 |
| 2023 | $5,994,808 | $1,915,977 | $2,165,563 | $247,810 | 6 | $54,537 |
| 2022 | $5,581,528 | $2,331,961 | $2,543,940 | $473,000 | 8 | $51,858 |
| 2021 | $6,979,147 | $3,066,760 | $3,196,054 | $999,193 | 7 | $62,985 |
About Martinsville-Henry County Economic Development Corp
Based on IRS filings
Martinsville-Henry County Economic Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Martinsville, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 5 grants totaling $378K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Martinsville-Henry County Economic Development Corp is led by Mark Heath, President & CEO on every filing since 2021; 1 of 9 officers listed in 2025 is compensated.
Officers on the 2025 filing
Mark Heath
President & CEO
On filings since 2021
40 hrs/week
$226K (2021) → $314K (2025)
JAMES McCLAIN
Chairman
Treasurer → Chairman, 2022
On filings since 2021
2 hrs/week
No compensation reported
Rhonda Hodges
Director
On filings since 2021
2 hrs/week
No compensation reported
Charles Whitfield
Director
On filings since 2022
2 hrs/week
No compensation reported
Dale Wagoner
Director
On filings since 2022
2 hrs/week
No compensation reported
Aretha Ferrell-Benavides
Director
On filings since 2024
2 hrs/week
No compensation reported
Amy Lampe
Treasurer
Secretary → Treasurer, 2022
On filings since 2021
2 hrs/week
No compensation reported
David Stone
Vice Chairman
Director → Vice Chairman, 2022
On filings since 2021
2 hrs/week
No compensation reported
Gracie Agnew
Secretary
Director → Secretary, 2022
On filings since 2021
2 hrs/week
No compensation reported
Former officers (3)
- Former: Leon Towarnicki (2021–2023) — Director
- Former: Larry Ryder (2021) — Chairman
- Former: Tim Hall (2021) — Vice Chairman
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $314K, to Mark Heath (President & CEO).
Frequently asked questions about Martinsville-Henry County Economic Development Corp
How much does Martinsville-Henry County Economic Development Corp give each year?
Martinsville-Henry County Economic Development Corp gave $378K across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $266K across 5 grants.
What is Martinsville-Henry County Economic Development Corp's typical grant size?
Martinsville-Henry County Economic Development Corp's median grant in 2025 was $20,000, and its average grant was $75,600, across 5 grants on its 2025 IRS Form 990.
Where does Martinsville-Henry County Economic Development Corp give grants?
Martinsville-Henry County Economic Development Corp gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Ridgeway, VA (3 grants).
Does Martinsville-Henry County Economic Development Corp give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Martinsville-Henry County Economic Development Corp's 2025 IRS Form 990 were described as general or operating support.
Who are Martinsville-Henry County Economic Development Corp's largest grantees?
Martinsville-Henry County Economic Development Corp's largest 2025 grantees include Press Glass ($182,500), Advanced Revert LLC ($150,000) and Martinsville International L ($20,000), according to its 2025 IRS Form 990. Together they received 93% of its itemized 2025 grant dollars.
How large is Martinsville-Henry County Economic Development Corp?
Martinsville-Henry County Economic Development Corp reported $1.6M in total assets on its 2025 IRS Form 990.
What is Martinsville-Henry County Economic Development Corp?
Martinsville-Henry County Economic Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Martinsville, VA. It holds $1.6M in total assets as of 2025.
What is Martinsville-Henry County Economic Development Corp's EIN?
Martinsville-Henry County Economic Development Corp's EIN (Employer Identification Number) is 11-3843016. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 25, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 19, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 20, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 28, 2025)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Martinsville-Henry County Economic Development Corp funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Martinsville-Henry County Economic Development Corp's focus areas in our free grants database
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