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Regional Development Corporation

Foundation · Grantmaker Santa Fe, NM EIN: 74-2805791 Website

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.

  • 13% of 2025 grantees were also funded in 2024. Method
  • Giving grew 41% from 2022 to 2025. Method

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 24 itemized 2025 grant dollars.

Cities

Santa FeTaosEspanolaLos AlamosLas VegasAlbuquerqueEl PradoRanchos De TaosRio RanchoAbiquiuArroyo HondoArroyo SecoJamez PubeloJemez PuebloJemez SpringsLoas VegasLos OjosLovelandOhkay OwingehSanta Cruz

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K8 grants201916 grants202015 grants202113 grants202217 grants202312 grants202424 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

SFCC Foundation: $61KSFCC Foundation$61KUniversity of New Mexico: $25KUniversity of New Mexico$25KSanta Fe Area Home Builders: $25KSanta Fe Area Home Builders$25KWolf & Mermaid Enchanted Roasters: $21KWolf & Mermaid EnchantedRoasters$21KBDT MFG LLC: $20KBDT MFG LLC$20KMusich Entertainment: $20KMusich Entertainment$20KNeurogeneces Inc: $20KNeurogeneces Inc$20KRositas Mexican Store: $20KRositas Mexican Store$20KEntrepreneurial Institute of Northe: $12KEntrepreneurial Institute ofNorthe$12KEapanole Valley Chamber of Commerce: $12KEapanole Valley Chamber ofCommerce$12K

Grant Size Distribution

81 grants across all recorded years

76<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
SFCC FOUNDATION Santa Fe, NMWORKFORCE TRAINING$61,000
UNIVERSITY OF NEW MEXICO Albuquerque, NMBUSINESS EXPANSION$25,293
SANTA FE AREA HOME BUILDERS Santa Fe, NMBUSINESS EXPANSION$25,000
WOLF & MERMAID ENCHANTED ROASTERS Santa Fe, NMBUSINESS EXPANSION$21,277
BDT MFG LLC Taos, NMBUSINESS EXPANSION$20,000
MUSICH ENTERTAINMENT El Prado, NMBUSINESS EXPANSION$20,000
NEUROGENECES INC Santa Fe, NMBUSINESS EXPANSION$20,000
ROSITAS MEXICAN STORE Ranchos De Taos, NMBUSINESS EXPANSION$20,000
ENTREPRENEURIAL INSTITUTE OF NORTHE Espanola, NMBUSINESS EXPANSION$12,000
EAPANOLE VALLEY CHAMBER OF COMMERCE Espanola, NMBUSINESS EXPANSION$12,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2019202020212022202320242025
Metric202520242023
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

  1. Added Form 990 for fiscal year 2019 (received by the IRS June 23, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS May 3, 2021)
  3. Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
  4. 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

Patrick Vanderpool — Executive Di: $114KPatrick VanderpoolExecutive Di$114K

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.

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