ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION

EIN 52-1810772 · Community Improvement & Capacity Building (S31Z)

What they do

to SERVE BUSINESS NEEDS and to INCREASE ANNE ARUNDEL COUNTY ECONOMIC BASE THROUGH JOB GROWTH and INVESTMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

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 leaders26 people are listed in the latest report.

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

Money made simple

75.63%of revenue went to mission work76.9% of expenses · Program services

$98.35spent for every $100 of revenueRevenue covered expenses this year.

22.72%of revenue went to management and office costs23.1% of expenses

$1.61in assets for every $1 spent this yearSome assets cannot be spent right away.

86.8%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
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 $213,377 for STEPHEN PRIMOSCH (VICE PRESIDENT, FINANCIAL SERVICES). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was 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.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,100,708

Mission workProgram services$4,614,01675.63% of revenue76.9% of expenses

ManagementOffice and general costs$1,385,94922.72% of revenue23.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$100,7431.65% of revenueShown in gray on the chart

Total expenses$5,999,96598.35% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.9% mission · 23.1% management · 0.0% fundraisingTotal expenses: 98.35% of revenue

2023Expense mix: 72.5% mission · 27.5% management · 0.0% fundraisingTotal expenses: 101.74% of revenue

2022Expense mix: 69.5% mission · 30.5% management · 0.0% fundraisingTotal expenses: 100.89% of revenue

2021Expense mix: 69.9% mission · 30.1% management · 0.0% fundraisingTotal expenses: 90.49% of revenue

2020Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 91.31% of revenue

2019Expense mix: 83.1% mission · 16.9% management · 0.0% fundraisingTotal expenses: 83.68% of revenue

2018Expense mix: 77.4% mission · 22.6% management · 0.0% fundraisingTotal expenses: 70.11% of revenue

2017Expense mix: 78.0% mission · 22.0% management · 0.0% fundraisingTotal expenses: 89.53% of revenue

Money in and money out

Revenue$6,100,708

Expenses$5,999,965

Annual surplus $100,743 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,614,016 · 76.9% of expenses

Management and office costs$1,385,949 · 23.1% of expenses

See all reported dollar amounts

Revenue$6,100,708

Expenses$5,999,965

Assets$9,657,312

Income$6,100,708

Contributions$5,292,430

Mission work (program services)$4,614,016

Grants given$16,399,825

Average grant$20,786

Management and general$1,385,949

Executive compensation (total)$164,774

Accounting fees$53,204

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

STEPHEN PRIMOSCHVICE PRESIDENT, FINANCIAL SERVICES · 40 hrs/week $213,377Base $144,356 · Other $69,021

WESLEY MACQUILLIAMCHIEF OPERATING OFFICER · 40 hrs/week $211,837Base $166,135 · Other $45,702

LISA GRUNDERVICE PRESIDENT, ADMINISTRATION · 40 hrs/week $190,318Base $126,362 · Other $63,956

ANITA DWELINGBUSINESS DEVELOPMENT DIRECTOR · 40 hrs/week $171,309Base $107,005 · Other $64,304

GRAYSON ORPHECREATIVE AND IT MANAGER · 40 hrs/week $170,824Base $105,617 · Other $65,207

JILL PORTERBUSINESS DEVELOPMENT DIRECTOR · 40 hrs/week $165,282Base $107,204 · Other $58,078

JONATHAN BONIFACEDIRECTOR OF RESEARCH & PROGRAM DEVELOPMENT · 40 hrs/week $161,537Base $126,690 · Other $34,847

CHRISTINA HOLLIDAYCHIEF OF STAFF · 40 hrs/week $146,228Base $114,254 · Other $31,974

VICTORIA ZELEFSKYVICE PRESIDENT, COMMUNICATIONS · 40 hrs/week $123,490Base $96,818 · Other $26,672

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 (26)

STEPHEN PRIMOSCHVICE PRESIDENT, FINANCIAL SERVICES

WESLEY MACQUILLIAMCHIEF OPERATING OFFICER

LISA GRUNDERVICE PRESIDENT, ADMINISTRATION

ANITA DWELINGBUSINESS DEVELOPMENT DIRECTOR

GRAYSON ORPHECREATIVE AND IT MANAGER

JILL PORTERBUSINESS DEVELOPMENT DIRECTOR

JONATHAN BONIFACEDIRECTOR OF RESEARCH & PROGRAM DEVELOPMENT

CHRISTINA HOLLIDAYCHIEF OF STAFF

VICTORIA ZELEFSKYVICE PRESIDENT, COMMUNICATIONS

KEVIN CARTERVICE CHAIR

AMY GOWANPRESIDENT/CEO

STUART FORSYTHBOARD MEMBER (UNTIL 05/25)

ANN BRENNANBOARD MEMBER

STEPHANIE GARYBOARD MEMBER

SCOTT ORLOVEBOARD MEMBER

PHIONA BAREEBEBOARD MEMBER

PAUL GABLEBOARD MEMBER

M JAMES FAISONBOARD MEMBER

BRAD NORDHOLMBOARD MEMBER

KAYLA GRIFFITHBOARD MEMBER (UNTIL 02/25)

KATHLEEN MCCOLLUMSECRETARY/TREASURER

JEFFREY ARMIGERTREASURER (UNTIL 09/24)

JASON WEISBERGBOARD MEMBER

HAMILTON CHANEYBOARD MEMBER (UNTIL 06/25)

ERIC DEVITOCHAIR

ELIOT POWELLBOARD MEMBER (UNTIL 06/25)

About this charity

Recognized since: January 1994
Location: 2660 RIVA RD STE 200, ANNAPOLIS, MD 21401-7179
County: Anne Arundel
In care of: % JAMES T RUSSELL
Primary officer: ERIC DEVITO, CHAIR

How to reach them

WebsiteVisit the charity’s website Emailinfo@aaedc.org Phone(410) 222-7410

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Community Improvement & Capacity Building (S31Z)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes