ROCHESTER AREA ECONOMIC DEVELOPMENT INCPub 78
Pub 78
AI Summary
Rochester Area Economic Development Inc (EIN: 36-3414363) is a nonprofit organization dedicated to community improvement by serving as an economic enabler for businesses in the Rochester area. With an operating budget of $1.4 million for the 2024 fiscal year, RAEDI focuses on fostering business retention, growth, and economic diversification. The organization does not rely on a single funder for more than 50% of its revenue, ensuring a more stable financial foundation for its initiatives. For more information, visit www.raedi.com.
Mission Statement
RAEDI'S PRIMARY GOAL IS TO BE AN ECONOMIC ENABLER TO ROCHESTER AREA BUSINESSES, PRODUCING RESULTS THROUGH RETENTION, GROWTH, AND DIVERSIFICATION OF OUR ECONOMY.
Cause Areas
1
Community improvement
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Funder
Total Funding
Funding Share
MAYO CLINIC
Rochester, MN, US
$1.4B
< 1%
SOUTHERN MINNESOTA INITIATIVE FOUNDATION
OWATONNA, MN, US
$728.6K
4%
Frequently Asked Questions
What is ROCHESTER AREA ECONOMIC DEVELOPMENT INC’s budget?
In 2024, ROCHESTER AREA ECONOMIC DEVELOPMENT INC reported an annual operating budget of around $1.4 million. More detailed financial information is available to registered users.
What causes does ROCHESTER AREA ECONOMIC DEVELOPMENT INC support?
ROCHESTER AREA ECONOMIC DEVELOPMENT INC supports work in Community improvement.
Where does ROCHESTER AREA ECONOMIC DEVELOPMENT INC operate?
ROCHESTER AREA ECONOMIC DEVELOPMENT INC is headquartered in Rochester, MN.
Who funded ROCHESTER AREA ECONOMIC DEVELOPMENT INC recently?
In 2023, ROCHESTER AREA ECONOMIC DEVELOPMENT INC received grants from MAYO CLINIC, MAYO CLINIC, and SOUTHERN MINNESOTA INITIATIVE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ROCHESTER AREA ECONOMIC DEVELOPMENT INC received in 2023?
The largest grant to ROCHESTER AREA ECONOMIC DEVELOPMENT INC in 2023 exceeds $186 thousand.
What is ROCHESTER AREA ECONOMIC DEVELOPMENT INC’s reliance on government grants?
ROCHESTER AREA ECONOMIC DEVELOPMENT INC relied on government grants for more than 10% of their total revenue in 2024.