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ROCHESTER AREA ECONOMIC DEVELOPMENT INC

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Public IRS 990 nonprofit record

ROCHESTER AREA ECONOMIC DEVELOPMENT INC

EIN 36-3414363 · Professional Athletic Leagues (N80)

What they do

RAEDIS MISSION is to LEAD and SUPPORT ECONOMIC, COMMUNITY, and WORKFORCE DEVELOPMENT INITIATIVES THAT GROW, and DIVERSIFY THE GREATER ROCHESTER AREA ECONOMY.

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$98.41spent for every $100 of revenueRevenue covered expenses this year.
$3.34in assets for every $1 spent this yearSome assets cannot be spent right away.
64.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $214,436 for JOHN WADE (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$1,412,451
Expenses$1,390,037
Annual surplus $22,414 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$1,412,451
Expenses$1,390,037
Assets$4,648,769
Income$1,630,677
Contributions$913,104
Accounting fees$36,855
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JOHN WADEPRESIDENT · 40 hrs/week $214,436Base $185,049 · Other $29,387
TAWONDA BURKSDIRECTOR OF OPERATIONS · 40 hrs/week $142,545Base $123,600 · Other $18,945
KIRK BUSTROMDIRECTOR OF ECONOMIC DEVELOPMENT · 40 hrs/week $122,809Base $102,377 · Other $20,432

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

JOHN WADEPRESIDENT

TAWONDA BURKSDIRECTOR OF OPERATIONS

KIRK BUSTROMDIRECTOR OF ECONOMIC DEVELOPMENT

JOHN REEDDIRECTOR

TIM MCCOLLOUGHDIRECTOR

SAM SLIGHTAMDIRECTOR

PATRICK SEEBDIRECTOR

NORM DOTYDIRECTOR

MIKE HENKEDIRECTOR

MICHELLE PYFFEROENDIRECTOR

MELISSA BRINKMANPAST CHAIR

JULIE HENRYDIRECTOR

ADAM BENIKEDIRECTOR

JOHN BEATTYDIRECTOR

JARETT JONESCHAIR

HEIDI WELSCHDIRECTOR

ERIN SEXTONSECRETARY/TREASURER

DIANNA ROBINSONVICE CHAIR

DHARANI RAMAMOORTHYDIRECTOR

CHAD DECOOKDIRECTOR

BRUCE GUDLINDIRECTOR

ANGIE BOWMAN-MALLOYDIRECTOR

ALISON ZELMSDIRECTOR

About this charity

Recognized since
January 1986
Location
221 FIRST AVENUE SW SUITE 600, ROCHESTER, MN 55902
County
Olmsted
In care of
JOHN WADE
Primary officer
JOHN WADE, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
SMITH SCHAFER AND ASSOC LTD
NTEE classification
Professional Athletic Leagues (N80)
IRS tax category
Professional Athletic Leagues

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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