Regional Development Corporation
The regional development corporation (RDC) is a private non-profit 501(c) (3) organization dedicated to improving economic development in northern new mexico. Rdc provides private investment opportunities and technical assistance to facilitate job growth and diversify the economies of communities in the following seven counties: los alamos, mora, rio arriba, sandoval, san miguel, santa fe, taos, and the municipalities and native american pueblos therein.
Key facts about Regional Development Corporation
In short: Regional Development Corporation gave $354K across 24 grants in 2025 (avg $15K), mostly in New Mexico. 79% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 74-2805791
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $353,857
- Grants made (2025)
- 24
- Average grant
- $14,744
- Median grant
- $9,395
- New grantees (estimate)
- 79% first-time grantees (19 of 24, 2025)
- Total assets
- $1,160,763
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.2M
-11.5% YoY
Annual Giving
$354K
+87.2% YoY
Grant Count
24
+100.0% YoY
Avg Grant Size
$15K
-6.4% YoY
Is Regional Development Corporation open to new grantees?
79%
first-time grantees, 2025
In 2025, 19 of 24 grantees (79%) were first-time recipients. First grants averaged $13K; repeat grants $21K. How we count
Medians: $10K first-time, $9K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
About Regional Development Corporation
Based on IRS filings
Regional Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Santa Fe, NM. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 24 grants totaling $354K. Net investment income was $19K.
Focus Areas
Open Grants
5 open opportunities from Regional Development Corporation
Micro-Grant Fund
Regional Development Corporation
Amount
Up to $3,000
Deadline
Rolling / Open
Micro-Loan Fund
Regional Development Corporation
Amount
Up to $1,500
Deadline
Rolling / Open
Scholarship for Education and Economic Development (SEED)
Regional Development Corporation
Amount
Free tuition for up to 6 credits per semester
Deadline
Rolling / Open
Ready to take the next step with Regional Development Corporation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 24 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SFCC FOUNDATION Santa Fe, NM | WORKFORCE TRAINING | $61,000 |
| UNIVERSITY OF NEW MEXICO Albuquerque, NM | BUSINESS EXPANSION | $25,293 |
| SANTA FE AREA HOME BUILDERS Santa Fe, NM | BUSINESS EXPANSION | $25,000 |
| WOLF & MERMAID ENCHANTED ROASTERS Santa Fe, NM | BUSINESS EXPANSION | $21,277 |
| BDT MFG LLC Taos, NM | BUSINESS EXPANSION | $20,000 |
| MUSICH ENTERTAINMENT El Prado, NM | BUSINESS EXPANSION | $20,000 |
| NEUROGENECES INC Santa Fe, NM | BUSINESS EXPANSION | $20,000 |
| ROSITAS MEXICAN STORE Ranchos De Taos, NM | BUSINESS EXPANSION | $20,000 |
| ENTREPRENEURIAL INSTITUTE OF NORTHE Espanola, NM | BUSINESS EXPANSION | $12,000 |
| EAPANOLE VALLEY CHAMBER OF COMMERCE Espanola, NM | BUSINESS EXPANSION | $12,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,160,763 | $1,311,537 | $1,550,296 |
| Revenue | $1,290,803 | $1,149,014 | $1,065,040 |
| Expenses | $1,508,657 | $1,326,211 | $1,082,411 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $19,280 | $43,532 | $1,457 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 23, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 3, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Regional Development Corporation is led by Jennifer Jenkins, Chair on every filing since 2019; 1 of 10 officers listed in 2025 is compensated.
Officers on the 2025 filing
Jennifer Jenkins
Chair
On filings since 2019
2 hrs/week
No compensation reported
Cedric Page
Director
On filings since 2019
2 hrs/week
No compensation reported
Elmer Salazar
Director
On filings since 2019
2 hrs/week
No compensation reported
Linda McLellan
Director
On filings since 2019
2 hrs/week
No compensation reported
Rebecca Wurzburger
Director
On filings since 2019
2 hrs/week
No compensation reported
Phoebe K. Suina
Director
On filings since 2021
2 hrs/week
No compensation reported
Patrick Vanderpool
Executive Di
On filings since 2024
40 hrs/week
$61K (2024) → $114K (2025)
Everett Trujillo
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Jack Jekowski
Secretary
On filings since 2019
2 hrs/week
No compensation reported
Kristin Henderson
Vice Chair
Director → Vice Chair, 2020
On filings since 2019
2 hrs/week
No compensation reported
Former officers (2)
- Former: Valentine Alonzo (2019–2023) — Frmr. Executive
- Former: Kelly Beierschmitt (2021–2023) — Director
Data from IRS Form 990 filings, 2019–2025. "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
Frequently asked questions about Regional Development Corporation
How much does Regional Development Corporation give each year?
Regional Development Corporation gave $354K across 24 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $189K across 12 grants.
What is Regional Development Corporation's typical grant size?
Regional Development Corporation's median grant in 2025 was $9,395, and its average grant was $14,744, across 24 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Regional Development Corporation that year got $13K on average.
Where does Regional Development Corporation give grants?
Regional Development Corporation gives mostly in New Mexico: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Santa Fe, NM (9 grants), Espanola, NM (4 grants), Taos, NM (3 grants) and Albuquerque, NM (2 grants).
Does Regional Development Corporation give general operating support?
Not in 2025: none of the 24 grants with a stated purpose on Regional Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Business Expansion" (21 grants).
Who are Regional Development Corporation's largest grantees?
Regional Development Corporation's largest 2025 grantees include SFCC Foundation ($61,000), University of New Mexico ($25,293) and Santa Fe Area Home Builders ($25,000), according to its 2025 IRS Form 990. Together they received 31% of its itemized 2025 grant dollars.
How large is Regional Development Corporation?
Regional Development Corporation reported $1.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
What is Regional Development Corporation?
Regional Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Santa Fe, NM. It holds $1.2M in total assets as of 2025.
What is Regional Development Corporation's EIN?
Regional Development Corporation's EIN (Employer Identification Number) is 74-2805791. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Regional Development Corporation by hand.
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