Regional Development Corporation
Regional Development Corporation (RDC) is a private nonprofit 501(c)(3) organization based in Santa Fe, New Mexico. It supports economic development in Northern New Mexico through business funding and technical assistance, as well as workforce and education initiatives.
Regional Development Corporation at a glance
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.
- Annual giving (2025)
- $353,857
- +87.2% vs 2024
- Grants made (2025)
- 24
- +100.0% vs 2024
- Average grant
- $14,744
- -6.4% vs 2024
- Median grant
- $9,395
- Total assets
- $1,160,763
- -11.5% vs 2024
- New grantees (estimate)
- 79% first-time grantees (19 of 24, 2025; small sample)
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Regional Development Corporation
- How to Apply
-
Applications are accepted during each program’s designated application period. RDC staff are available to assist applicants. The website’s listed 2026 application periods have passed: the TEAM Fund and tribal grant period closed April 10, 2026, and the Micro-Grant Fund period closed July 1, 2026.
- Review Cycle
- The listed 2026 deadlines were April 10 for the TEAM Fund and tribal grant period, and July 1 for the Micro-Grant Fund; these are past deadlines.
- Deadline
- The listed 2026 deadlines were April 10 for the TEAM Fund and tribal grant period, and July 1 for the Micro-Grant…
- Contact
Mailing address: 441 Greg Ave Box 2, Santa Fe, NM 87501
Phone: (505) 820-1226
Website: https://rdcnm.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
5 open opportunities from Regional Development Corporation
Micro-Grant Fund
Regional Development Corporation
Amount
Up to $3,000
Deadline
Deadline not published
Micro-Loan Fund
Regional Development Corporation
Amount
Up to $1,500
Deadline
Deadline not published
Scholarship for Education and Economic Development (SEED)
Regional Development Corporation
Amount
Free tuition for up to 6 credits per semester
Deadline
Deadline not published
Who Regional Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was SFCC Foundation ($61K). Together the top 10 received $237K.
Grant Size Distribution
81 grants across all recorded years
The most common grant size was under $50K: 76 grants of 81 (94%).
Geographic Focus
Where this funder awards grants
RDC supports communities in seven Northern New Mexico counties: Los Alamos, Mora, Rio Arriba, Sandoval, San Miguel, Santa Fe, and Taos. Its website specifies Northern Sandoval County for business-funding eligibility. The organization also describes serving municipalities and Native American Pueblos in the region.
Grant Distribution by State
Share of 2025 grant dollars across all 24 itemized grants.
States
Cities
Is Regional Development Corporation open to new grantees?
79%
first-time grantees, 2025
In 2025, 19 of 24 grantees (79%) were first-time recipients. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $155K (2019) to $386K (2023). In 2025 it made 24 grants totaling $354K.
Grants by year
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 |
Ready to take the next step with Regional Development Corporation?
Financial History
Multi-year comparison from IRS filings
In 2025, RDC reported 24 grants; in 2024, 12; and in 2023, 17.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,160,763 | $1,290,803 | $1,508,657 | $353,857 | 24 | $19,280 |
| 2024 | $1,311,537 | $1,149,014 | $1,326,211 | $189,015 | 12 | $43,532 |
| 2023 | $1,550,296 | $1,065,040 | $1,082,411 | $386,351 | 17 | $1,457 |
| 2022 | $1,502,973 | $1,038,194 | $866,402 | $250,948 | 13 | $438 |
| 2021 | $1,311,405 | $1,062,128 | $926,377 | $254,858 | 15 | $276 |
| 2020 | $1,265,700 | $863,313 | $906,577 | $299,968 | 16 | $861 |
| 2019 | $1,231,979 | $1,192,849 | $665,060 | $155,335 | 8 | $785 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
RDC’s stated mission is to improve economic development in Northern New Mexico by facilitating job growth and diversifying local economies. Its focus areas include business retention and expansion, workforce training, and education.
RDC’s business funding includes micro-grants for small businesses, grants for qualifying tribal-owned businesses, and no-interest loans for technology and manufacturing businesses. Its website also describes free, individualized technical assistance for current and future business owners. Workforce initiatives include partnerships with Northern New Mexico higher education institutions and the Northern New Mexico Workforce Integration Network, focused on healthcare and skilled trades.
A 2025 recipient, Taos County Chamber of Commerce, described its own mission as cultivating and sustaining a healthy business environment.
Grantmaking
In filing year 2025, RDC reported 24 grants totaling $353,857. Grant amounts ranged from $6,704 to $61,000, with a median of $9,395. All reported grant dollars went to recipients in New Mexico.
The largest reported grants included $61,000 to SFCC Foundation for workforce training; $25,293 to the University of New Mexico for business expansion; and $25,000 to Santa Fe Area Home Builders for business expansion. Other listed business-expansion recipients included Wolf & Mermaid Enchanted Roasters, BDT MFG LLC, Musich Entertainment, Neurogeneses Inc, and Rositas Mexican Store, each receiving $20,000 or more. Taos County Chamber of Commerce received $12,000.
RDC’s website describes a competitive application process for its business funding programs. The Micro-Grant Fund offers awards up to $3,000 to eligible for-profit businesses in the service area. The TEAM Fund offers no-interest loans up to $20,000 to eligible technology and manufacturing businesses; it is a loan program, not a grant. The Tribal Economic Diversity Fund is described as supporting enterprises at least 51% owned and controlled by a tribal member in the service area, with awards of $1,000 to $10,000.
For the Micro-Grant and TEAM programs, the website says eligible applicants must be for-profit businesses headquartered in the service area and meet program-specific requirements. Applications are reviewed and scored by an independent panel. The programs generally reimburse approved expenses after purchases are completed and receipts are approved; the Micro-Grant Fund does not cover general operating expenses, and the TEAM Fund excludes general working capital and salaries.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Patrick Vanderpool as executive director; Jennifer Jenkins as chair; Kristin Henderson as vice chair; Jack Jekowski as secretary; and Everett Trujillo as treasurer. It also lists Linda McLellan, Cedric Page, Elmer Salazar, Rebecca Wurzburger, and Phoebe K. Suina as directors.
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
The highest reported compensation on the 2025 filing was $114K, to Patrick Vanderpool (Executive Di).
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 does Regional Development Corporation fund?
RDC’s stated mission is to improve economic development in Northern New Mexico by facilitating job growth and diversifying local economies. Its focus areas include business retention and expansion, workforce training, and education. See mission & focus areas ↑
How do I apply for a grant from Regional Development Corporation?
Applications are accepted during each program’s designated application period. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS March 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 14, 2025)
- 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
Live grants for the work Regional Development Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Regional Development Corporation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Battelle Memorial Institute
Columbus, OH
Battelle funds STEM and other education programs, as well as human services, arts and sciences, and economic development; its Central Ohio STEM grants support out-of-school K–12 programs, especially for underserved students. Its 2025 grants had a median of $12,300, with giving concentrated in Ohio, Virginia, New Mexico, Idaho, and Tennessee.
Assets
$1.9B
Grants
151
Total Given
$17.9M
WK Kellogg Foundation
Battle Creek, MI
The W.K. Kellogg Foundation funds work to help children, families, and communities thrive, including early education, health equity, food systems, family economic well-being, and racial equity. In 2025, its grants ranged from $50 to nearly $5 million, with a median of $100,000; it funds across the United States, with long-term commitments in several states and communities, as well as parts of Mexico and Haiti. It accepts unsolicited proposals online at any time.
Assets
$481.0M
Grants
1,818
Total Given
$303.9M
Santa Fe Community Foundation
Santa Fe, NM
The Santa Fe Community Foundation funds 501(c)(3) nonprofits working in health, education, economic opportunity, the environment, arts and culture, and other community priorities; its main focus is Mora, Rio Arriba, San Miguel, and Santa Fe counties, though some funds support work statewide. In 2024, grants ranged from $5,250 to $1,517,500, with a median of $16,006. It accepts proposals through competitive grant cycles and fund-specific opportunities; no grants were open at the time described.
Assets
$144.1M
Grants
302
Total Given
$12.4M
PNM TNMP Foundation
Albuquerque, NM
The PNM TNMP Foundation supports nonprofits working in education, environmental stewardship, and economic vitality, with grants also benefiting a range of community services. It funds organizations in New Mexico and Texas; 2024 grants ranged from $500 to $75,000, with a median grant of $5,000. Its website provides an application for the 2026 PNM Power Grant, but the profile does not explicitly state whether it accepts unsolicited requests.
Assets
$14.2M
Grants
169
Total Given
$1.3M
Con Alma Health Foundation Inc
Santa Fe, NM
Con Alma Health Foundation funds New Mexico nonprofits working to improve health equity, access to care, culturally appropriate services, and community health systems. Its 2024 grants ranged from $1,000 to $46,250, with a median of $20,000; it invites nonprofits to apply through its grant programs.
Assets
$33.6M
Grants
56
Total Given
$1.0M
Denver Zoological Foundation
Denver, CO
Inspiring communities to save wildlife for future generations.
Assets
$26.3M
Grants
4
Total Given
$59K
More similar funders
More Funders in New Mexico
Cite this profile
Grantable. (2026). Regional Development Corporation funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/regional-development-corporation-morg_529f5b46b58541178cc664c7c9a7eea1
BibTeX
@misc{grantable_742805791_2026,
author = {{Grantable}},
title = {{Regional Development Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/regional-development-corporation-morg_529f5b46b58541178cc664c7c9a7eea1},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Regional Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Regional Development Corporation down — hundreds of funders to go?