Rutland Economic Development Corp
To use collaboration, creativity, and ingenuity to create a regional economic climate conducive to business growth by recruiting talent and businesses of all kinds, growing and retaining employers, while creating a bridge to community and cultural organizations which promote healthy and vibrant neighborhoods and enhance the quality of life in Rutland county.
Rutland Economic Development Corp at a glance
In short: Rutland Economic Development Corp gave $235K across 1 grant in 2025 (avg $235K), mostly in Vermont. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $235,338
- +228.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $235,338
- +228.8% vs 2024
- Median grant
- $235,338
- Total assets
- $3,462,786
- -10.0% vs 2024
- Primary geography
- Vermont (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Rutland Economic Development Corp funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Vermont Farmers Food Center ($235K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $72K (2024) to $235K (2025). In 2025 it made 1 grant totaling $235K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vermont Farmers Food Center Rutland, VT | Subgrant | $235,338 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $3,462,786 | $1,725,651 | $1,948,860 | $235,338 | 1 | $55,952 |
| 2024 | $3,849,591 | $1,750,270 | $1,701,026 | $71,571 | 1 | $63,459 |
| 2023 | $3,964,933 | $2,069,858 | $1,166,276 | — | — | $35,074 |
| 2022 | $2,569,298 | $962,268 | $752,699 | — | — | $23,982 |
| 2021 | $2,538,435 | $1,109,239 | $795,780 | — | — | $24,430 |
| 2020 | $2,159,087 | $477,645 | $457,341 | — | — | $30,472 |
| 2019 | $2,234,541 | $439,266 | $436,462 | — | — | $33,582 |
About Rutland Economic Development Corp
Based on IRS filings
Rutland Economic Development Corp is a public charity, based in Rutland, VT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 1 grant totaling $235K. Net investment income was $56K.
Leadership & Key People
Officers and directors from IRS filings
Rutland Economic Development Corp is led by Russ Marsan, President since 2025 (on filings since 2021); 1 of 15 officers listed in 2025 is compensated.
Officers on the 2025 filing
Russ Marsan
President
Co-Treasurer → Vice President, 2023
Vice President → President, 2025
On filings since 2021
1 hr/week
No compensation reported
Mary Cohen
Director
On filings since 2019
1 hr/week
No compensation reported
Mary Ann Goulette
Director
On filings since 2021
1 hr/week
No compensation reported
Traci Moore
Director
On filings since 2021
1 hr/week
No compensation reported
Bill Moore
Director
On filings since 2022
1 hr/week
No compensation reported
Cameron Schaefer
Director
On filings since 2022
1 hr/week
No compensation reported
Gina Grove
Director
On filings since 2024
1 hr/week
No compensation reported
Sarah Furman
Director
On filings since 2024
1 hr/week
No compensation reported
Carly Perry
Director
New on the 2025 filing
1 hr/week
No compensation reported
David Sunderland
Director
New on the 2025 filing
1 hr/week
No compensation reported
Wendy Pallotta-Heald
Director
New on the 2025 filing
1 hr/week
No compensation reported
Lyle Jepson
Executive Di
On filings since 2021
40 hrs/week
$33K (2021) → $117K (2025)
Amy Laramie
Vice President
Director → Vice President, 2025
On filings since 2019
1 hr/week
No compensation reported
Daniel Mora
Secretary
Director → Secretary, 2024
On filings since 2023
1 hr/week
No compensation reported
Chris Keyser
Treasurer
Director → Treasurer, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (30)
- Former: Greg McClallen (2019–2024) — Director
- Former: John Casella III (2019–2024) — Director
- Former: Karen Garrow (2019–2024) — Treasurer
- Former: Mark Werle (2019–2024) — Director
- Former: Shana Louiselle (2019–2024) — President
- Former: Kelley Robinson (2021–2024) — Director
- Former: Rolf Hirschmann (2022–2024) — Director
- Former: Sue Bishop (2022–2024) — Director
- Former: John Russell III (2019–2023) — Director
- Former: Michael Doenges (2019–2023) — Director - T
- Former: Nicole Kesselring (2019–2023) — Secretary
- Former: Jess Anderson (2021–2023) — Director
- Former: Alex Hilliard (2023) — Director
- Former: Raven Crispino (2023) — Director
- Former: Eric Mallette (2021–2022) — Director
- Former: Thomas Mauhs Pugh (2022) — Director
- Former: Brennan Duffy (2019–2021) — Executive Officio R
- Former: Ed Bove (2019–2021) — Executive Officio R
- Former: Jonathan Spiro (2019–2021) — Director
- Former: Mark Foley Jr. (2019–2021) — Director
- Former: Steve Costello (2019–2021) — Director
- Former: Alex Adams (2021) — Executive Officio R
- Former: Drew Smith (2021) — Director
- Former: Laurie Mecier-Brochu (2021) — Director
- Former: Wayne Wilmans (2021) — Director
- Former: Dan Doenges (2019–2020) — Director
- Former: Dennis Carroll (2019–2020) — Director
- Former: Maryanne Goulette (2019–2020) — Director
- Former: Teresa Leichtnam (2019–2020) — Director
- Former: Tyler Richardson (2019–2020) — Executive 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 $117K, to Lyle Jepson (Executive Di).
Frequently asked questions about Rutland Economic Development Corp
How much does Rutland Economic Development Corp give each year?
Rutland Economic Development Corp gave $235K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $72K across 1 grant.
How large is Rutland Economic Development Corp?
Rutland Economic Development Corp reported $3.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.7M.
Where does Rutland Economic Development Corp operate?
Rutland Economic Development Corp has awarded grants in Vermont.
What is Rutland Economic Development Corp's EIN?
Rutland Economic Development Corp's EIN (Employer Identification Number) is 03-0264949. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS August 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 17, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS August 24, 2020)
- IRS filings on file for fiscal years 2020–2024
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