Program areas at Anne Arundel Economic Development Corporation
Financial services:provides loans to businesses located in or relocating to, Anne Arundel county, Maryland. The program is for the purpose of encouraging business Development within the county.
Agricultural marketing:providing leasing of agricultural equipment and objects and to promote and encourage the Development of agriculture in Anne Arundel county and southern Maryland.
Anne Arundel Economic Development Corporation serves as a manager of Maryland small minority and women-owned business loan fund, which receives 1.5% of video lottery terminal revenue from Maryland casinos. Small and minority, women and veteran owned businesses located within 10 miles of any of Maryland's three casinos and those located elsewhere in the state may be eligible for loans of between $25,000 to $500,000 for purposes such as business and commercial real estate acquisition and expansion, leasehold improvements, equipment and vehicle purchase, and working capital.
Personnel at Anne Arundel Economic Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Amy Gowan | Chief Executive Officer | $0 | 2024-10-18 |
| Benjamin Birge | President and Chief Executive Officer | $153,715 | 2022-06-30 |
| Julie Mussog | Chief Executive Officer | $167,890 | 2024-10-18 |
| Rosa Cruz-Penefiel | Vice President of Communications / Vice President , Communications | $129,824 | 2023-06-30 |
| Wesley MacQuilliam | Vice President , Bus Dev't and Real Estate / V.P , Business Dev't and Real Estate | $125,672 | 2023-06-30 |
| ...and 1 more key personnel |
Financials for Anne Arundel Economic Development Corporation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $3,175,468 | $3,242,370 | -2.1% |
| Program services | $507,807 | $707,641 | -28.2% |
| Investment income and dividends | $6,445 | $1,916 | 236.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $3,689,720 | $3,951,927 | -6.6% |
Organizations like Anne Arundel Economic Development Corporation
| Organization | Type | Location | Revenue |
|---|
| North Central Massachusetts Development Corporation | 501(c)(3) | Fitchburg, MA | $1,614,235 |
| Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter | 501(c)(3) | Red Bank, NJ | $1,051,896 |
| Park Heights Renaissance | 501(c)(3) | Baltimore, MD | $4,253,902 |
| LEE COUNTY ECONOMIC DEveLOPMENT GROUP | 501(c)(3) | Montrose, IA | $1,240,993 |
| Sunrise County Economic Council | 501(c)(3) | Machias, ME | $4,212,180 |
| Opportunity Alabama | 501(c)(3) | Birmingham, AL | $2,446,603 |
| West Central Indiana Economic Development District | 501(c)(3) | Terre Haute, IN | $6,908,983 |
| Bickerdike Redevelopment Corporation | 501(c)(3) | Chicago, IL | $9,475,274 |
| Downtown Schenectady Improvement Corporation | 501(c)(3) | Schenectady, NY | $1,516,362 |
| Philadelphia Chinatown Development Corporation (PCDC) | 501(c)(3) | Philadelphia, PA | $2,537,285 |
Data update history
July 22, 2024
Updated personnel
Identified 3 new personnel
July 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 2660 Riva Rd 200
- Annapolis, MD 21401
- Metro area
- Baltimore-Columbia-Towson, MD
- County
- Anne Arundel County, MD
- Website URL
- aaedc.org/Â
- Phone
- (410) 222-7410
IRS details
- EIN
- 52-1810772
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1993
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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