Nonprofit · EIN 02-0474973
ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · RAYMOND, NH 03077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $1,841,714 | $1,864,875 | -$23,161 | $18,632,352 | $5,728,352 | $12,904,000 |
| March 31, 2024 | 990 | $2,038,192 | $1,716,537 | $321,655 | $18,083,165 | $5,156,004 | $12,927,161 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $946,403
- of which government grants
- $865,776
- Program service revenue
- $735,734
- Investment income
- $130,768
- Other revenue
- $28,809
Expenses
- Grants and similar amounts paid
- $86,485
- Compensation of officers, directors and key employees
- $519,571
- Other salaries and wages
- $514,495
- Salaries, compensation and benefits (total)
- $1,179,704
- Professional fundraising fees
- $0
- Legal fees
- $7,723
- Accounting fees
- $26,500
- Occupancy
- $27,652
- Travel
- $11,461
- Depreciation
- $35,194
- Program services (functional)
- $1,433,027
- Management and general (functional)
- $339,950
- Fundraising (functional)
- $91,898
Balance sheet and other
- Total assets, start of year
- $18,083,165
- Total assets, end of year
- $18,632,352
- Total liabilities, end of year
- $5,728,352
- Net assets, end of year
- $12,904,000
- Land, buildings and equipment
- $947,463
- Net assets without donor restrictions
- $12,904,000
- Gross receipts
- $1,841,714
- Employees
- 10
- Volunteers
- 49
- Year formed
- 1994
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laurel Adams | President Officer | 40 | $255,704 | $25,031 |
| Daniel Gray | Executive Vice President Officer | 40 | $176,923 | $45,483 |
| Stephen Falzone | Director Trustee or director | 1 | $0 | $0 |
| Robert McDonald | Director Trustee or director | 1 | $0 | $0 |
| George Sioras | Director Trustee or director | 1 | $0 | $0 |
| William Davis | Director Trustee or director | 1 | $0 | $0 |
| Andre Garron | Director Trustee or director | 1 | $0 | $0 |
| Michael Decelle | Director Trustee or director | 1 | $0 | $0 |
| Nancy Carmer | Director Trustee or director | 1 | $0 | $0 |
| Stephanie Santos | Director Trustee or director | 1 | $0 | $0 |
| John Randolph | Director Trustee or director | 1 | $0 | $0 |
| Thomas Conaton | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Scott Zeller | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Dianne Connolly | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended March 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laurel Adams | President Officer | 40 | $244,510 | $23,719 |
| Daniel Gray | Executive Vice President Officer | 40 | $165,577 | $45,664 |
| Stephen Falzone | Director Trustee or director | 1 | $0 | $0 |
| Robert McDonald | Director Trustee or director | 1 | $0 | $0 |
| George Sioras | Director Trustee or director | 1 | $0 | $0 |
| William Davis | Director Trustee or director | 1 | $0 | $0 |
| Andre Garron | Director Trustee or director | 1 | $0 | $0 |
| Michael Decelle | Director Trustee or director | 1 | $0 | $0 |
| Nancy Carmer | Director Trustee or director | 1 | $0 | $0 |
| Stephanie Santos | Director Trustee or director | 1 | $0 | $0 |
| John Randolph | Director Trustee or director | 1 | $0 | $0 |
| Thomas Conaton | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Scott Zeller | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Dianne Connolly | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 57 MAIN ST, RAYMOND, NH 03077-2322
- Principal officer (990 for 2024)
- Scott Zeller, 57 Main Street, Raymond, NH 03077
- Signed the 990
- Daniel Gray, Executive Director
- Phone
- (603) 772-2655
- Website
- www.redc.com
- Return prepared by
- FRITZ DEGUGLIELMO LLC
Mission
To support and promote the economic stability and development and to create exmployment opportunities in Rockingham County and part of Hillsborough County.
Program accomplishments
- Promotion of economic growth to create employment opportunities primarily for low and moderate income persons through the use of the Organizations revolving loan fund.Expenses $1,433,027 · grants $86,485 · revenue $735,734
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0474973
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $18,632,352
- Income (IRS master file)
- $1,841,714
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $1,841,714 | $1,864,875 | $18,632,352 | XML |
| 990 | March 2024 | $2,038,192 | $1,716,537 | $18,083,165 | XML |
| 990 | March 2023 | $2,388,683 | $1,787,462 | $17,997,679 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0474973).
Questions about ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION is 02-0474973.
- Is ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 names Scott Zeller.
- Who are the officers and directors of ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 lists 14 people; 2 received compensation from the organization, the highest $255,704 (Laurel Adams, President).
- How much revenue does ROCKINGHAM ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $1,841,714, expenses of $1,864,875 and total assets of $18,632,352 at year end.
Other nonprofits in RAYMOND
- AMERICAN LEGION EIN 02-6012680 · last filed 990 for 2025
- RAYMOND MASONIC BUILDING ASSOCIATION INC EIN 26-4012084 · last filed 990-N for 2025
- RAYMOND AMBULANCE INC EIN 02-0419693 · last filed 990 for 2025
- BIOQUEST CURRICULUM CONSORTIUM EIN 45-3644991 · last filed 990 for 2025
- RAYMOND COALITION FOR YOUTH INC EIN 02-0713987 · last filed 990 for 2025
- VETERANS OF FOREIGN WARS DEPARTMENT OF NEW HAMPSHIRE EIN 02-0218934 · last filed 990 for 2025
- NEW HAMPSHIRE LAND SURVEYORS ASSOCIATION EIN 23-7292315 · last filed 990-EZ for 2025
- RAYMOND SPORTSMENS CLUB INC EIN 22-3115272 · last filed 990 for 2025
All nonprofits in RAYMOND · New Hampshire · Community improvement and capacity building