Nonprofit · EIN 52-1298515
PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LARGO, MD 20774
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,930,722 | $4,759,908 | $170,814 | $7,451,779 | $786,356 | $6,665,423 |
| June 30, 2024 | 990 | $6,548,063 | $5,645,560 | $902,503 | $7,645,892 | $1,151,283 | $6,494,609 |
| June 30, 2023 | 990 | $5,105,140 | $4,765,863 | $339,277 | $6,894,343 | $1,302,237 | $5,592,106 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $96,250
- Program service revenue
- $4,717,492
- Investment income
- $116,980
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $792,893
- Other salaries and wages
- $1,739,026
- Salaries, compensation and benefits (total)
- $3,129,764
- Professional fundraising fees
- $0
- Accounting fees
- $158,740
- Depreciation
- $107,940
- Program services (functional)
- $3,381,931
- Management and general (functional)
- $1,092,709
- Fundraising (functional)
- $285,268
Balance sheet and other
- Total assets, start of year
- $7,645,892
- Total assets, end of year
- $7,451,779
- Total liabilities, end of year
- $786,356
- Net assets, end of year
- $6,665,423
- Land, buildings and equipment
- $214,079
- Publicly traded securities
- $3,300,580
- Net assets without donor restrictions
- $6,665,423
- Gross receipts
- $4,930,722
- Employees
- 25
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID IANNUCCI | PRESIDENT Officer | 40 | $241,129 | $14,949 |
| EBONY STOCKS | EXECUTIVE VICE PRESIDENT Officer | 40 | $170,591 | $43,083 |
| LORI C VALENTINE | VP OF POLICY AND PUBLIC RE Officer | 40 | $157,396 | $54,111 |
| RAMSEY KOOJO | CONTROLLER Officer | 40 | $155,929 | $27,634 |
| MARTIN EZEMMA | DIRECTOR OF INTERNATIONAL BUSINESS Highest-paid employee | 40 | $125,173 | $48,879 |
| ORLAN JOHNSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARVA JO CAMP | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW ROUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY MICHAEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANGIE RODGERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONNIE EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES R ESTEPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KERRY WATSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SHARRARNE MORTON BEGIN JULY 2024 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR PRABHUDEV KONANA BEGIN JULY 2024 | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATE RICHARDSON BEGIN JULY 2024 | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL A JACKSON BEGIN JULY 2024 | DIRECTOR Trustee or director | 1 | $0 |
| KRYSTAL ORIADHA BEGIN JULY 2024 | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID S IANNUCCI | PRESIDENT/CEO Officer | 40 | $222,111 | $13,677 |
| EBONY STOCKS | EXECUTIVE VICE PRESIDENT Officer | 40 | $155,221 | $41,501 |
| LORI C VALENTINE | VP OF POLICY AND PUBLIC RELATIONS Officer | 40 | $142,837 | $50,441 |
| MARTIN EZEMMA | DIRECTOR OF INTERNATIONAL BUSINESS Highest-paid employee | 40 | $112,824 | $45,938 |
| RAMSEY KOOJO | CONTROLLER Officer | 40 | $142,199 | $15,179 |
| ORLAN JOHNSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARVA JO CAMP | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW ROUD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GARY MICHAEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANGIE RODGERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONNIE EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES R ESTEPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA LAVINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON PETERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KERRY WATSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DR JOSEPH WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID S IANNUCCI | PRESIDENT/CEO Officer | 40 | $212,051 | $13,910 |
| EBONY STOCKS | EXECUTIVE VICE PRESIDENT Officer | 40 | $149,711 | $37,136 |
| LORI C VALENTINE | VP OF POLICY AND PUBLIC RE Officer | 40 | $135,081 | $47,127 |
| RAMSEY KOOJO | CONTROLLER Officer | 40 | $137,763 | $6,888 |
| ORLAN JOHNSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARVA JO CAMP | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW ROUD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GARY MICHAEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANGIE RODGERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONNIE EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES R ESTEPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA LAVINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON PETERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KERRY WATSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DR JOSEPH WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1801 MCCORMICK DRIVE, LARGO, MD 20774-5326
- Principal officer (990 for 2024)
- INGRID S WATSON, 1801 MCCORMICK DRIVE 350, LARGO, MD 20774
- Signed the 990
- RAMSEY KOOJO, CONTROLLER
- Phone
- (301) 583-4650
- Website
- WWW.PGCEDC.COM
- Return prepared by
- GROSS MENDELSOHN & ASSOCIATES PA
Mission
PROVIDE SERVICES TO HELP RETAIN, ATTRACT, AND EXPAND BUSINESSES, CREATE JOBS, AND PROMOTE PRINCE GEORGE'S COUNTY, MARYLAND, REGIONALLY AND GLOBALLY.
Program accomplishments
- THE PURPOSE OF THE PRINCE GEORGE'S COUNTY ECONOMIC DEVELOPMENT CORPORATION'S (EDC)COMMUNITY OUTREACH PROGRAM IS TO INFORM AND EDUCATE THE BUSINESS COMMUNITY ON VARIOUS PROGRAMS, INCENTIVES, AND ASSISTANCE AVAILABLE IN PRINCE GEORGE'S COUNTY FOR THE PURPOSE OF BUSINESS ATTRACTION, EXPANSION, AND RETENTION.Expenses $896,904 · revenue $1,041,821
- THE PURPOSE OF THE EDC'S BUSINESS DEVELOPMENT PROGRAM IS TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF PRINCE GEORGE'S COUNTY.Expenses $1,661,995 · revenue $2,737,836
- EDC'S INTERNATIONAL DEPARTMENT PROMOTES BUSINESS EXPANSION, ATTRACTION AND RETENTION OF PRINCE GEORGE'S COUNTY COMPANIES DOING BUSINESS INTERNATIONALLY. THE EDC IS FOCUSED ON EXPANDING AND GROWING EXPORTS FROM COUNTY'S BUSINESSES THROUGH OUTREACH, CONNECTING BUSINESSES WITH RESOURCES TO EXPLORE FOREIGN MARKETS AND INCREASE EXPORTING CAPACITY, AND SUPPORTING TRADE MISSIONS TO TARGET GLOBAL MARKETS. IN ADDITION, EDC'S FOCUS INCLUDES EXPANDING AND GROWING COUNTY'S BUSINESSES THROUGH THE ATTRACTION OF FOREIGN DIRECT INVESTMENT BY HOSTING FOREIGN BUSINESS, MATCHMAKING, SERVING AS A SOFT LANDING FOR FOREIGN COMPANIES AND PROMOTING PRINCE GEORGES COUNTY AS THE BEST PLACE FOR INTERNATIONAL BUSINESS.Expenses $460,728 · revenue $410,348
- EDC PROVIDES SMALL BUSINESSES WITH TECHNICAL ASSISTANCE, TRAININGS, AND SEMINARS ON IMPORTANT TOPICS INCLUDING BUSINESS OPERATIONS, MANAGEMENT, FINANCE, MARKETING, STRATEGIC PLANNING, BUSINESS DEVELOPMENT, AND HUMAN RESOURCES. SMALL BUSINESSES ARE ALSO CONNECTED WITH RESOURCE PARTNERS, PROCUREMENT OPPORTUNITIES, AND GUIDANCE ON FEDERAL, STATE, AND LOCAL INCENTIVES AND WORKFORCE PROGRAMS.Expenses $362,304 · revenue $527,489
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1298515
- 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
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $7,451,779
- Income (IRS master file)
- $4,930,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,930,722 | $4,759,908 | $7,451,779 | IRS |
| 990 | June 2024 | $6,548,063 | $5,645,560 | $7,645,892 | IRS |
| 990 | June 2023 | $5,105,140 | $4,765,863 | $6,894,343 | XML |
| 990 | June 2022 | $4,300,935 | $3,528,402 | $6,056,042 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 52-1298515).
Questions about PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION is 52-1298515.
- Is PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRINCE GEORGES COUNTY 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 PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names INGRID S WATSON.
- Who are the officers and directors of PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 18 people; 5 received compensation from the organization, the highest $241,129 (DAVID IANNUCCI, PRESIDENT).
- How much revenue does PRINCE GEORGES COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,930,722, expenses of $4,759,908 and total assets of $7,451,779 at year end.
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