Rockingham Economic Development Corporation

Organization Overview

Rockingham Economic Development Corporation, operating under the name Regional Economic Development Center of Southern New Hampshire, is located in Raymond, NH. The organization was established in 1996. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Regional Economic Development Center of Southern New Hampshire employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Economic Development Center of Southern New Hampshire is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2022, Regional Economic Development Center of Southern New Hampshire generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $1.8m during the year ending 03/2022. While expenses have increased by 14.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND PROMOTE THE ECONOMIC STABILITY AND DEVELOPMENT AND TO CREATE EXMPLOYMENT OPPORTUNITIES IN ROCKINGHAM COUNTY AND PART OF HILLSBOROUGH COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION OF ECONOMIC GROWTH TO CREATE EMPLOYMENT OPPORTUNITIES PRIMARILY FOR LOW AND MODERATE INCOME PERSONS THROUGH THE USE OF THE ORGANIZATION'S REVOLVING LOAN FUND.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Laurel Adams
President
$236,950
Thomas Conaton
Treasurer
$0
Scott Zeller
Chairman
$0
Dianne Connolly
Vice Chairman
$0
Craig Jewett
Director
$0
Robert Mcdonald
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,596,469
All other contributions, gifts, grants, and similar amounts not included above$46,039
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,642,508
Total Program Service Revenue$657,152
Investment income $1,929
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,323,565

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Rockingham Economic Development Corporation has recieved totaling $21,381.

Awarding OrganizationAmount
$21,381
View Grant Recipient Profile

Create an account to unlock the data you need.

or