Alexandria Economic Development Partnership Inc
- Assets
- $1.9m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Alexandria, VA
- Founding
- 04/1993
- Data as of
- 06/2021
- EIN
- 54-1625093
Organization Overview
Alexandria Economic Development Partnership Inc is located in Alexandria, VA. The organization was established in 1993. 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 06/2021, Alexandria Economic Development Partnership Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alexandria Economic Development Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Alexandria Economic Development Partnership Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $8.9m during the year ending 06/2021. While expenses have increased by 25.0% per year over the past 6 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.
Since 2021, Alexandria Economic Development Partnership Inc has awarded 651 individual grants totaling $6,562,046. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EXISTING AND FUTURE BUSINESSES, DEVELOPMENT, AND ECONOMIC GROWTH IN ALEXANDRIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES THE ECONOMIC DEVELOPMENT OF THE COMMUNITY BY ACQUIRING AND DISSEMINATING INFORMATION AND STATISTICS TO BUSINESS WHICH MAY CONSIDER RELOCATION TO THE CITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Landrum President & CEO | Officer | 40 | $272,495 |
Jerry Sanford Vice President Of Business Development | 40 | $172,374 | |
Christina Mindrup Vice President Of Real Est | 40 | $153,176 | |
Ryan Touhill Senior Vice President | 40 | $128,649 | |
Scott Shaw Chair | OfficerTrustee | 3 | $0 |
Kerry Donley Vice Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,245,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,245,160 |
| Total Program Service Revenue | $8,500 |
| Investment income | $6,717 |
| 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 | $9,268,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,562,046 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $305,417 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $891,170 |
| Pension plan accruals and contributions | $100,227 |
| Other employee benefits | $64,039 |
| Payroll taxes | $77,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,216 |
| Advertising and promotion | $216,938 |
| Office expenses | $79,773 |
| Information technology | $17,965 |
| Royalties | $0 |
| Occupancy | $196,426 |
| Travel | $36 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,577 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,303 |
| Insurance | $6,352 |
| All other expenses | $3,381 |
| Total functional expenses | $8,948,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,301 |
| Savings and temporary cash investments | $1,488,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,196 |
| Net Land, buildings, and equipment | $73,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,043 |
| Total assets | $1,919,174 |
| Accounts payable and accrued expenses | $190,476 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,837 |
| Total liabilities | $201,313 |
| Net assets without donor restrictions | $1,717,861 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,919,174 |
Grants Awarded
Over the last fiscal year, Alexandria Economic Development Partnership Inc has awarded $6,562,046 in support to 651 organizations.
| Grant Recipient | Amount |
|---|---|
KEARNEY & COMPANY PC PURPOSE: Alexandria Investment Fund incentive grant | $125,000 |
VIRGINIA CIDERWORKS COMPANY PURPOSE: Alexandria Investment Fund incentive grant | $30,000 |
COTTON & COMPANY ASSURANCE AND ADVISORY LLC PURPOSE: Alexandria Investment Fund incentive grant | $27,046 |
SAMUEL FORD INC PURPOSE: COVID-19 Small Business Relief | $20,000 |
ARP 1800 LLC PURPOSE: COVID-19 Small Business Relief | $20,000 |
ARP-WATERFRONT LLC PURPOSE: COVID-19 Small Business Relief | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |