Martinsville-henry County Economic
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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.6M
-75.2% YoY
Annual Giving
$196K
+177.3% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$49K
+177.3% YoY
About Martinsville-henry County Economic
Based on IRS filings
Martinsville-henry County Economic is a nonprofit organization 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 4 grants totaling $196K.
Focus Areas
Ready to take the next step with Martinsville-henry County Economic?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,593,640 | $6,423,914 | $5,994,808 |
| Revenue | $-2,575,361 | $1,957,676 | $1,915,977 |
| Expenses | $2,397,520 | $2,145,786 | $2,165,563 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-4,901,280 | $113,712 | $54,537 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
Grant Size Distribution
26 grants across all recorded years
Open Grants
4 open opportunities from Martinsville-henry County Economic
Harvest Foundation Economic Development Incentive Pool
MARTINSVILLE-HENRY COUNTY ECONOMIC
Amount
$5,000,000
Deadline
Rolling / Open
Harvest Foundation Summer Internship Program
MARTINSVILLE-HENRY COUNTY ECONOMIC
Amount
$176,140
Deadline
Rolling / Open
Small Business Investment Forum (SBIF) Business Plan Competition
MARTINSVILLE-HENRY COUNTY ECONOMIC
Amount
Over $10,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Advanced Revert LLC ($150,000), Martinsville International L ($20,000), Henry County Parks & Rec ($18,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Advanced Revert LLC RIDGEWAY, VA | BUILDING IMPROVEMENTS | $150,000 |
| HENRY COUNTY PARKS & REC COLINSVILLE, VA | SMITH RIVER FEST; HENRY COUNTY FAIR | $18,000 |
| MARTINSVILLE INTERNATIONAL L RIDGEWAY, VA | SPEEDWAY SPONSORSHIP | $20,000 |
| ROOSTER WALK MARTINSVILLE, VA | MUSIC FESTIVAL | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK HEATH | President & CEO | 40 | $314,295 |
| RHONDA HODGES | Director | 2 | — |
| ARETHA FERRELL-BENAVIDES | Director | 2 | — |
| GRACIE AGNEW | Secretary | 2 | — |
| DAVID STONE | VICE CHAIRMAN | 2 | — |
| AMY LAMPE | Treasurer | 2 | — |
| JAMES McCLAIN | Chairman | 2 | — |
| DALE WAGONER | Director | 2 | — |
| REV CHARLES WHITFIELD | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Martinsville-henry County Economic?
Martinsville-henry County Economic is a nonprofit organization focused on Community Improvement & Capacity Building, based in MARTINSVILLE, VA. It holds $1.6M in total assets as of 2025.
How large is Martinsville-henry County Economic?
As of 2025, Martinsville-henry County Economic holds $1.6M in total assets with $-2,575,361 in annual revenue. It awarded 4 grants totaling $196K in 2025.
Where does Martinsville-henry County Economic operate?
Martinsville-henry County Economic has awarded grants in Virginia.
What size grants does Martinsville-henry County Economic award?
In 2025, Martinsville-henry County Economic awarded 4 grants totaling $196K — an average of about $49K per grant, based on its IRS Form 990 filings.
What is Martinsville-henry County Economic's EIN?
Martinsville-henry County Economic's EIN (Employer Identification Number) is 11-3843016. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Martinsville-henry County Economic's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.