Rockville Economic Development Inc
TO IDENTIFY AND DEVELOP ECONOMIC OPPORTUNITIES TO HELP ROCKVILLE PROSPER.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-20.2% YoY
Annual Giving
$398K
-32.9% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$36K
-39.0% YoY
About Rockville Economic Development Inc
Based on IRS filings
Rockville Economic Development Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in ROCKVILLE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 11 grants totaling $398K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,882,929 | $2,358,526 | $1,644,147 |
| Revenue | $1,994,068 | $2,382,137 | $2,488,151 |
| Expenses | $2,212,207 | $2,232,723 | $2,026,342 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,473 | $637 | $71 |
| 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 10 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dm Rockville Llc Dba Dawson's Market ($200,000), Montage Marketing Group Llc ($34,800), Launch Sp Llc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DM ROCKVILLE LLC DBA DAWSON'S MARKET ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $200,000 |
| CHANEY COMMUNICATIONS ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $15,000 |
| NATURE BY TREJOK ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $15,000 |
| DECIPHER EVENTS LLC CLARKSBURG, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $24,900 |
| LAUNCH SP LLC ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $25,000 |
| WALKING LIBERTY LLC ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $25,000 |
| UNLIMITED DETAILING ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $20,000 |
| MONTAGE MARKETING GROUP LLC ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $34,800 |
| PREMIUM HOME HEALTH CARE LLC ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $10,452 |
| OMEGA 3 NUTRITION INC ROCKVILLE, MD | IMPACT PROGRAM PAYMENT FOR SMALL BUSINESS IMPACT PROGRAM THAT REDI OVERSEES. | $14,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN PRINCE | CHAIR | 4 | — |
| NANCY REGELIN | VICE CHAIR | 1 | — |
| BEI MA | VICE CHAIR | 1 | — |
| TODD PEARSON | TREASURER | 4 | — |
| NIKHIL BIJLANI | DIRECTOR | 1 | — |
| SUZANNE OSBORN | DIRECTOR | 1 | — |
| MARJI GRAF | DIRECTOR | 1 | — |
| RICHARD ALVAREZ | DIRECTOR | 1 | — |
| BRIDGET NEWTON UNITL NOV 2023 | DIRECTOR | 1 | — |
| ANGELA CHANEY | DIRECTOR | 1 | — |
| MORGAN SULLIVAN | DIRECTOR | 1 | — |
| MICHAEL SCOTT | DIRECTOR | 1 | — |
| BEN ANSTROM | DIRECTOR | 1 | — |
| LAVONNE TORRENCE BERNER | DIRECTOR | 1 | — |
| CLIFF VIERS | DIRECTOR | 1 | — |
| JUSTIN YANG | DIRECTOR | 1 | — |
| ALTON J HENLEY | DIRECTOR | 1 | — |
| ROB DISPIRITO UNTIL 92023 | DIRECTOR | 1 | — |
| NICK FULLENKAMP | DIRECTOR | 1 | — |
| KELLY GROFF | DIRECTOR | 1 | — |
| BARACK MATITE UNTIL 112023 | DIRECTOR | 1 | — |
| CRAIG SIMONEAU | DIRECTOR | 1 | — |
| CARLA MERRITT | DIRECTOR | 1 | — |
| MONIQUE ASHTON SINCE NOV 2023 | DIRECTOR | 1 | — |
| BILL TOMPKINS EX-OFFICIO | DIRECTOR | 1 | — |
| CYNTHIA RIVARDE | CHIEF EXECUTIVE OFFICER | 40 | $199,657 |
| RICHELLE WILSON | DEPUTY DIRECTOR | 40 | $117,170 |
| DANETTE NGUYEN | MWBC MANAGING DIRECTOR | 40 | $111,963 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rockville Economic Development Inc?
Rockville Economic Development Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in ROCKVILLE, MD. It holds $1.9M in total assets as of 2024.
How large is Rockville Economic Development Inc?
As of 2024, Rockville Economic Development Inc holds $1.9M in total assets with $2.0M in annual revenue. It awarded 11 grants totaling $398K in 2024.
Where does Rockville Economic Development Inc operate?
Rockville Economic Development Inc has awarded grants in Maryland.
What size grants does Rockville Economic Development Inc award?
In 2024, Rockville Economic Development Inc awarded 11 grants totaling $398K — an average of about $36K per grant, based on its IRS Form 990 filings.
What is Rockville Economic Development Inc's EIN?
Rockville Economic Development Inc's EIN (Employer Identification Number) is 52-2056731. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rockville Economic Development Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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