Civic Intelligence

Anne Arundel Economic Development

EIN 52-1810772 • 501(c)3 • Annapolis, MD

Profile

To serve business needs and to increase anne arundel county economic base through job growth and investment.

2660 Riva Road 200Annapolis, MD 21401

www.aaedc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.87x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.03x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

31st percentile

-1.7%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$206,531

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

20th percentile

-3.8%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

19%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$10,217,914

Down $404,259 (-3.8%) from 2023

Liabilities

Up

$8,885,666

Up $262,469 (+3.0%) from 2023

Net Assets

Down

$1,332,248

Down $666,728 (-33%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin31st percentile

Revenue

Up

$4,386,829

Up $697,109 (+19%) from 2023

Expenses

Up

$4,463,024

Up $740,635 (+20%) from 2023

Net Income

Down

-$76,195

Down $43,526 (-133%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $6,594,321Liabilities 2010: $2,114,714Net Assets 2010: $4,479,6072010Assets 2011: $6,474,955Liabilities 2011: $2,155,965Net Assets 2011: $4,318,9902011Assets 2012: $5,959,230Liabilities 2012: $2,079,931Net Assets 2012: $3,879,2992012Assets 2013: $6,540,854Liabilities 2013: $2,527,807Net Assets 2013: $4,013,0472013Assets 2014: $10,076,170Liabilities 2014: $5,586,561Net Assets 2014: $4,489,6092014Assets 2015: $10,801,510Liabilities 2015: $5,794,062Net Assets 2015: $5,007,4482015Assets 2016: $12,424,587Liabilities 2016: $7,002,930Net Assets 2016: $5,421,6572016Assets 2017: $13,399,379Liabilities 2017: $9,941,696Net Assets 2017: $3,457,6832017Assets 2018: $13,398,749Liabilities 2018: $12,141,900Net Assets 2018: $1,256,8492018Assets 2019: $14,717,678Liabilities 2019: $12,085,810Net Assets 2019: $2,631,8682019Assets 2020: $19,127,400Liabilities 2020: $15,497,408Net Assets 2020: $3,629,9922020Assets 2021: $15,670,028Liabilities 2021: $9,403,080Net Assets 2021: $6,266,9482021Assets 2022: $9,320,610Liabilities 2022: $7,288,965Net Assets 2022: $2,031,6452022Assets 2023: $10,622,173Liabilities 2023: $8,623,197Net Assets 2023: $1,998,9762023Assets 2024: $10,217,914Liabilities 2024: $8,885,666Net Assets 2024: $1,332,2482024

Highlighted filing

2024

Assets$10,217,914
Liabilities$8,885,666
Net Assets$1,332,248
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $2,374,1742010Expenses 2011: $2,416,9562011Expenses 2012: $2,454,1942012Expenses 2013: $2,519,3202013Revenue 2014: $3,411,211Expenses 2014: $2,934,649Net Income 2014: $476,5622014Revenue 2015: $3,552,289Expenses 2015: $3,034,450Net Income 2015: $517,8392015Revenue 2016: $3,383,424Expenses 2016: $2,969,215Net Income 2016: $414,2092016Revenue 2017: $3,126,020Expenses 2017: $3,601,931Net Income 2017: -$475,9112017Revenue 2018: $3,350,438Expenses 2018: $2,999,795Net Income 2018: $350,6432018Revenue 2019: $4,600,460Expenses 2019: $3,225,441Net Income 2019: $1,375,0192019Revenue 2020: $6,117,104Expenses 2020: $5,118,980Net Income 2020: $998,1242020Revenue 2021: $30,337,180Expenses 2021: $27,700,203Net Income 2021: $2,636,9772021Revenue 2022: $3,951,927Expenses 2022: $3,576,284Net Income 2022: $375,6432022Revenue 2023: $3,689,720Expenses 2023: $3,722,389Net Income 2023: -$32,6692023Revenue 2024: $4,386,829Expenses 2024: $4,463,024Net Income 2024: -$76,1952024

Highlighted filing

2024

Revenue$4,386,829
Expenses$4,463,024
Net Income-$76,195
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,217,914
Liabilities
$8,885,666
Net assets
$1,332,248
Revenue
$4,386,829
Expenses
$4,463,024
Net income
-$76,195
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.2$8.89$1.33$4.39$4.46$0.08
2023Detailed filing. Detailed filing data is available for this year.$10.6$8.62$2.00$3.69$3.72$0.03
2022Detailed filing. Detailed filing data is available for this year.$9.32$7.29$2.03$3.95$3.58$0.38
2021Detailed filing. Detailed filing data is available for this year.$15.7$9.40$6.27$30.3$27.7$2.64
2020Detailed filing. Detailed filing data is available for this year.$19.1$15.5$3.63$6.12$5.12$1.00
2019Detailed filing. Detailed filing data is available for this year.$14.7$12.1$2.63$4.60$3.23$1.38
2018Detailed filing. Detailed filing data is available for this year.$13.4$12.1$1.26$3.35$3.00$0.35
2017Detailed filing. Detailed filing data is available for this year.$13.4$9.94$3.46$3.13$3.60$0.48
2016Detailed filing. Detailed filing data is available for this year.$12.4$7.00$5.42$3.38$2.97$0.41
2015Detailed filing. Detailed filing data is available for this year.$10.8$5.79$5.01$3.55$3.03$0.52
2014Detailed filing. Detailed filing data is available for this year.$10.1$5.59$4.49$3.41$2.93$0.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$2.53$4.01$2.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$2.08$3.88$2.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$2.16$4.32$2.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$2.11$4.48$2.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 28, 2025
Return Version
2023v6.0
Gross Receipts
$4,386,829
Mission and Program Overview

Mission

To serve business needs and to increase anne arundel county economic base through job growth and investment.

To promote economic development by providing financing options and provide economic information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,599,863$6,366,254▲ $766,391
Other Notes and Loans Receivable, Net$1,259,166$1,646,602▲ $387,436
Cap Stk Tr Prin Current Funds$1,389,762$950,572▼ $439,190
Land, Buildings, and Equipment, Net$199,241$247,575▲ $48,334
Pd in Cap Srpls Land Bldg Eqp Fund$197,482$199,404▲ $1,922
Rtn Earn Endowment Incm Other Fnds$411,732$182,272▼ $229,460
Savings and Temporary Cash Investments$882,773$107,492▼ $775,281
Prepaid Expenses and Deferred Charges$9,987$37,018▲ $27,031
Accounts Receivable-$35,987-
Total Assets$10,622,173$10,217,914▼ $404,259
Other Assets Total$2,671,143$1,776,986▼ $894,157
Liabilities
Other Liabilities$6,679,848$6,544,532▼ $135,316
Deferred Revenue$1,494,591$2,059,647▲ $565,056
Accounts Payable and Accrued Expenses$448,758$281,487▼ $167,271
Total Liabilities$8,623,197$8,885,666▲ $262,469
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,998,976$1,332,248▼ $666,728
Total Liabilities and Net Assets / Fund Balance$10,622,173$10,217,914▼ $404,259

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,024$269,338$291,362
Other Land Buildings$127,940$146,426$274,366
Leasehold Improvements$97,611$113,125$210,736
Other Assets Org$1,776,986--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill SeamonAdministrative OfficerFT$155,161$51,370$206,531
Stephen PrimoschV.p. of Financial ServicesFT$140,720$63,997$204,717
Wesley MacquilliamChief Operating OfficerFT$146,752$39,728$186,480
Lisa GrunderVice President of AdministrationFT$110,854$55,876$166,730
Christina HollidayChief of StaffFT$109,139$29,669$138,808
Jonathan BonifaceDirector of Research & Program Dev.FT$108,818$29,591$138,409

Board Members and Trustees

NameTitle
Eric DevitoChair
Amy GowanPresident/CEO
Kevin CarterVice Chair
Ann BrennanBoard Member
Eliot PowellBoard Member
Hamilton ChaneyBoard Member
Jason WeisbergBoard Member
Kayla GriffithBoard Member
M James FaisonBoard Member
Paul GableBoard Member
Phiona BareebeBoard Member
Stephanie GaryBoard Member
Stuart ForsythBoard Member
Tyler PattonBoard Member to September 2023
Kathleen MccollumSecretary
Jeffery ArmigerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,879,944
Program Service Revenue
$450,979
Investment Income
$55,906
Other Revenue
$0
Change in Net Assets
$-76,195

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,386,829
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$471,870
Total Revenue per Audited Statements
$4,858,699
Total Revenue per Form 990
$4,386,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,562,857
Other Expenses$1,015,323
Grants and Similar Amounts Paid$884,844
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$766,680$535,635-$1,302,315
Grants to Domestic Orgs$884,844--$884,844
Pension Plan Contributions$433,508$261,189-$694,697
Current Officers, Directors, Trustees, and Key Employees$396,560--$396,560
Fees for Services Other$156,139$198,722-$354,861
Payroll Taxes$94,738$48,804-$143,542
Advertising$115,388$2,355-$117,743
Depreciation Depletion$50,057$14,119-$64,176
Other Expenses$50,601--$50,601
All Other Expenses-$50,253-$50,253
Office Expenses$43,913$2,311-$46,224
Fees for Services Accounting-$43,574-$43,574
Travel$36,369$2,093-$38,462
Other Employee Benefits-$25,743-$25,743
Insurance$14,316$10,800-$25,116
Fees for Services Legal-$16,046-$16,046
Interest-$15,250-$15,250
Total Functional Expenses$3,236,130$1,226,894$0$4,463,024

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,934,894
Expenses per Audited Statements$4,463,024
Total Expenses per Form 990$4,463,024
Expenses Not Reported on Form 990$471,870
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pips Dock Street Dogs LLCAnnapolis, MD-Volt Disaster Grant$44,333
Seasalt RestaurantAnnapolis, NY-Acr Grant$25,000
John Wesley United Methodist ChurchGlen Burnie, MD-Acr Grant$15,200
Northern Anne Arundel County Chamber of CommerceGlen Burnie, MD-Acr Grant$13,308
5828 Ritchie Holdings LLCBaltimore, MD-Acr Grant$12,276
New Roots FarmWest River, MD-Ag Mini Grant$10,000
Milone Art LLC Dba Annapolis Marine Art GalleryAnnapolis, MD-Volt Disaster Grant$9,282
Omnyon LLCOdenton, MD-Workforce Training Grant$7,315
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$4,005,997
Opeb Liability$1,318,064
Deferred Inflows of Resources$1,172,300
Capital Lease Payable$48,171
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“There shall be an executive committee of the board consisting of the elected officers of the corporation. The corporation's president/chief executive officer shall be an ex officio member of the executive committee. The executive committee shall be empowered to act on behalf of the board of directors on any issue except elections and amendments to the articles of incorporation or to the by-laws and shall report all actions taken at the next regular or special meeting of the board.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is provided to the entire board of directors before filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy applies to the directors of the organization. A director shall disclose to the board of directors any interest that the director may have, as well as any known interest held by the director's spouse or by any relative of the director or the director's spouse, in any contract or transaction under consideration by the corporation. If a director is also a director in a corporation, firm, or other entity with which the corporation proposes to contract or otherwise transact business, the director shall disclose that fact as well. Except for administrative or ministerial duties that do not affect the disposition or decision, the director shall not vote upon or participate in any way in any contract or transaction with a relative of a director or with a corporation, firm, or other entity in which the director has an interest or in which the director is a director. The director shall leave the room during consideration, discussion, and voting on the matter. The presence of the interested director may be counted for purposes of determining a quorum at the meeting. Each director shall file on at least a yearly basis the attached director's and officer's disclosure statement.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Anne Arundel Economic Development
EIN
52-1810772
Phone
4102227410
Address
2660 RIVA ROAD 200, ANNAPOLIS, MD 21401

Signing Officer

Name
Eric Devito
Title
Chair
Phone
4102227410
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Devito
Formed
1993
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
14
Employees
20
Volunteers
14

Preparer

Firm
Cliftonlarsonallen Llp
Address
950 NORTH GLEBE ROAD SUITE 1200, ARLINGTON, VA 22203
Preparer
Robert Williams
Phone
5712279500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer to volt fund -590,533.”

Raw XML AppendixShowing 400 of 734 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1563997
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1639728
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1755876
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1951370
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2029591
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2129669
IRS990/Form990PartVIISectionAGrp/PersonNm0ERIC DEVITO
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFERY ARMIGER
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHLEEN MCCOLLUM
IRS990/Form990PartVIISectionAGrp/PersonNm4PHIONA BAREEBE
IRS990/Form990PartVIISectionAGrp/PersonNm5ANN BRENNAN
IRS990/Form990PartVIISectionAGrp/PersonNm6HAMILTON CHANEY
IRS990/Form990PartVIISectionAGrp/PersonNm7M JAMES FAISON
IRS990/Form990PartVIISectionAGrp/PersonNm8STUART FORSYTH
IRS990/Form990PartVIISectionAGrp/PersonNm9PAUL GABLE
IRS990/Form990PartVIISectionAGrp/PersonNm10STEPHANIE GARY
IRS990/Form990PartVIISectionAGrp/PersonNm11KAYLA GRIFFITH
IRS990/Form990PartVIISectionAGrp/PersonNm12ELIOT POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm13JASON WEISBERG
IRS990/Form990PartVIISectionAGrp/PersonNm14TYLER PATTON
IRS990/Form990PartVIISectionAGrp/PersonNm15STEPHEN PRIMOSCH
IRS990/Form990PartVIISectionAGrp/PersonNm16WESLEY MACQUILLIAM
IRS990/Form990PartVIISectionAGrp/PersonNm17LISA GRUNDER
IRS990/Form990PartVIISectionAGrp/PersonNm18AMY GOWAN
IRS990/Form990PartVIISectionAGrp/PersonNm19JILL SEAMON
IRS990/Form990PartVIISectionAGrp/PersonNm20JONATHAN BONIFACE
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTINA HOLLIDAY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15140720
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16146752
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17110854
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19155161
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20108818
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21109139
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER TO SEPTEMBER 2023
IRS990/Form990PartVIISectionAGrp/TitleTxt15V.P. OF FINANCIAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDENT OF ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19ADMINISTRATIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIR. OF RESEARCH & PROGRAM DEV.
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF OF STAFF
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IRS990/InsuranceGrp/ProgramServicesAmt014316
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SERVE BUSINESS NEEDS AND TO INCREASE ANNE ARUNDEL COUNTY ECONOMIC BASE THROUGH JOB GROWTH AND INVESTMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01998976
IRS990/NetAssetsOrFundBalancesEOYAmt01332248
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IRS990/OfficeExpensesGrp/ProgramServicesAmt043913
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IRS990/OperateHospitalInd00
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IRS990/OtherAssetsTotalGrp/EOYAmt01776986
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IRS990/OtherExpensesGrp/Desc1TRAINING EXPENSES
IRS990/OtherExpensesGrp/Desc2RESEARCH
IRS990/OtherExpensesGrp/Desc3SPECIAL EVENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt089072
IRS990/OtherExpensesGrp/ProgramServicesAmt152735
IRS990/OtherExpensesGrp/ProgramServicesAmt251210
IRS990/OtherExpensesGrp/ProgramServicesAmt350601
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IRS990/OtherExpensesGrp/TotalAmt152735
IRS990/OtherExpensesGrp/TotalAmt251210
IRS990/OtherExpensesGrp/TotalAmt350601
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IRS990/OtherLiabilitiesGrp/EOYAmt06544532
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0766680
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IRS990/PayrollTaxesGrp/ProgramServicesAmt094738
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037018
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IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0FINANCIAL SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1AGRICULTURAL MARKETING
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127115
IRS990/ProgSrvcAccomActy2Grp/Desc0ANNE 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02129050
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0884844
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0AGRICULTURAL MARKETING:PROVIDING LEASING OF AGRICULTURAL EQUIPMENT AND OBJECTS AND TO PROMOTE AND ENCOURAGE THE DEVELOPMENT OF AGRICULTURE IN ANNE ARUNDEL COUNTY AND SOUTHERN MARYLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0288931
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt027115
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03175468
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0356683
IRS990/PYInvestmentIncomeAmt06445
IRS990/PYOtherExpensesAmt0964007
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0507807
IRS990/PYRevenuesLessExpensesAmt0-32669
IRS990/PYSalariesCompEmpBnftPaidAmt02401699
IRS990/PYTotalExpensesAmt03722389
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03689720
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-76195
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0423864
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0411732
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0182272
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0882773
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02879944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02175468
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03242370
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt028391842
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03513770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt040203394
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0471870
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0244665
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0411709
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0327655
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0304200

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