Overview

Sign up for

Est.

1997

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Rockville Economic Development Inc is a nonprofit organization focused on economic development and community improvement in Rockville. With an operating budget of $2 million and total revenue of $2.2 million for the 2025 filing year, it relies on key funders including the Greater Washington Community Foundation and the M&T Charitable Foundation. The organization's mission is to identify and develop economic opportunities to help Rockville prosper.

Mission Statement

TO IDENTIFY AND DEVELOP ECONOMIC OPPORTUNITIES TO HELP ROCKVILLE PROSPER.
Revenues
$2.2M
Expenses
$2.2M
Net Income:
+$10.4K
Assets
$2M
Liabilities
$810.3K
Net Assets:
+$1.1M
Operating Budget
$2M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Total No. of Grants
2
Median grant size
$20K
Largest grant received
$20K
M
Morgan Sullivan
Board Member
R
Richard Alvarez
Board Member
S
Suzanne Osborn
Board Member

Frequently Asked Questions

What is ROCKVILLE ECONOMIC DEVELOPMENT INC’s budget?
In 2025, ROCKVILLE ECONOMIC DEVELOPMENT INC reported an annual operating budget of around $2 million. More detailed financial information is available to registered users.
What causes does ROCKVILLE ECONOMIC DEVELOPMENT INC support?
ROCKVILLE ECONOMIC DEVELOPMENT INC supports work in Community improvement and Economic development.
Where does ROCKVILLE ECONOMIC DEVELOPMENT INC operate?
ROCKVILLE ECONOMIC DEVELOPMENT INC is headquartered in Rockville, MD.
Who funded ROCKVILLE ECONOMIC DEVELOPMENT INC recently?
In 2023, ROCKVILLE ECONOMIC DEVELOPMENT INC received grants from ASSOCIATION OF WOMEN'S BUSINESS CENTERS, Worksource Montgomery Inc, and ASSOCIATION OF WOMEN'S BUSINESS CENTERS. More information on this organization’s funders is available to registered users.
What is the largest grant ROCKVILLE ECONOMIC DEVELOPMENT INC received in 2023?
The largest grant to ROCKVILLE ECONOMIC DEVELOPMENT INC in 2023 exceeds $20 thousand.
What is ROCKVILLE ECONOMIC DEVELOPMENT INC’s reliance on government grants?
ROCKVILLE ECONOMIC DEVELOPMENT INC relied on government grants for more than 95% of their total revenue in 2025.