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
Ready to take the next step with Rockville Economic Development Inc?
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Charles F and Margaret Mh Obrecht
BALTIMORE, MD
Assets
$1.2M
Grants
79
Total Given
$131K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Rockville Economic Development Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities