Nonprofit · EIN 52-1810772
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ANNAPOLIS, MD 21401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,100,708 | $5,999,965 | $100,743 | $9,657,312 | $8,224,321 | $1,432,991 |
| June 30, 2024 | 990 | $4,386,829 | $4,463,024 | -$76,195 | $10,217,914 | $8,885,666 | $1,332,248 |
| June 30, 2023 | 990 | $3,689,720 | $3,722,389 | -$32,669 | $10,622,173 | $8,623,197 | $1,998,976 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,292,430
- of which government grants
- $2,976,839
- Program service revenue
- $467,753
- Investment income
- $278,705
- Other revenue
- $61,820
Expenses
- Grants and similar amounts paid
- $2,000,673
- Compensation of officers, directors and key employees
- $843,766
- Other salaries and wages
- $1,288,808
- Salaries, compensation and benefits (total)
- $2,953,168
- Professional fundraising fees
- $0
- Legal fees
- $12,313
- Accounting fees
- $53,204
- Travel
- $31,572
- Depreciation
- $22,999
- Program services (functional)
- $4,614,016
- Management and general (functional)
- $1,385,949
Balance sheet and other
- Total assets, start of year
- $10,217,914
- Total assets, end of year
- $9,657,312
- Total liabilities, end of year
- $8,224,321
- Net assets, end of year
- $1,432,991
- Land, buildings and equipment
- $367,989
- Gross receipts
- $6,100,708
- Employees
- 17
- Volunteers
- 12
- Year formed
- 1993
- 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 |
|---|---|---|---|---|
| STEPHEN PRIMOSCH | VICE PRESIDENT, FINANCIAL SERVICES Officer | 40 | $144,356 | $69,021 |
| WESLEY MACQUILLIAM | CHIEF OPERATING OFFICER Officer | 40 | $166,135 | $45,702 |
| LISA GRUNDER | VICE PRESIDENT, ADMINISTRATION Officer | 40 | $126,362 | $63,956 |
| ANITA DWELING | BUSINESS DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $107,005 | $64,304 |
| GRAYSON ORPHE | CREATIVE AND IT MANAGER Highest-paid employee | 40 | $105,617 | $65,207 |
| JILL PORTER | BUSINESS DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $107,204 | $58,078 |
| JONATHAN BONIFACE | DIRECTOR OF RESEARCH & PROGRAM DEVELOPMENT Highest-paid employee | 40 | $126,690 | $34,847 |
| CHRISTINA HOLLIDAY | CHIEF OF STAFF Highest-paid employee | 40 | $114,254 | $31,974 |
| VICTORIA ZELEFSKY | VICE PRESIDENT, COMMUNICATIONS Officer | 40 | $96,818 | $26,672 |
| ERIC DEVITO | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN CARTER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| KATHLEEN MCCOLLUM | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JEFFREY ARMIGER | TREASURER (UNTIL 09/24) Trustee or director, Officer | 5 | $0 | $0 |
| PHIONA BAREEBE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANN BRENNAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAMILTON CHANEY | BOARD MEMBER (UNTIL 06/25) Trustee or director | 2 | $0 |
| M JAMES FAISON | BOARD MEMBER Trustee or director | 2 | $0 |
| STUART FORSYTH | BOARD MEMBER (UNTIL 05/25) Trustee or director | 2 | $0 |
| PAUL GABLE | BOARD MEMBER Trustee or director | 2 | $0 |
| STEPHANIE GARY | BOARD MEMBER Trustee or director | 2 | $0 |
| KAYLA GRIFFITH | BOARD MEMBER (UNTIL 02/25) Trustee or director | 2 | $0 |
| BRAD NORDHOLM | BOARD MEMBER Trustee or director | 2 | $0 |
| SCOTT ORLOVE | BOARD MEMBER Trustee or director | 2 | $0 |
| ELIOT POWELL | BOARD MEMBER (UNTIL 06/25) Trustee or director | 2 | $0 |
| JASON WEISBERG | BOARD MEMBER Trustee or director | 2 | $0 |
| AMY GOWAN | PRESIDENT/CEO Officer | 40 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL SEAMON | ADMINISTRATIVE OFFICER Highest-paid employee | 40 | $155,161 | $51,370 |
| STEPHEN PRIMOSCH | V.P. OF FINANCIAL SERVICES Officer | 40 | $140,720 | $63,997 |
| WESLEY MACQUILLIAM | CHIEF OPERATING OFFICER Officer | 40 | $146,752 | $39,728 |
| LISA GRUNDER | VICE PRESIDENT OF ADMINISTRATION Officer | 40 | $110,854 | $55,876 |
| CHRISTINA HOLLIDAY | CHIEF OF STAFF Highest-paid employee | 40 | $109,139 | $29,669 |
| JONATHAN BONIFACE | DIR. OF RESEARCH & PROGRAM DEV. Highest-paid employee | 40 | $108,818 | $29,591 |
| ERIC DEVITO | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN CARTER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JEFFERY ARMIGER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KATHLEEN MCCOLLUM | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| PHIONA BAREEBE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANN BRENNAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| HAMILTON CHANEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| M JAMES FAISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STUART FORSYTH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PAUL GABLE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| STEPHANIE GARY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KAYLA GRIFFITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELIOT POWELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JASON WEISBERG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TYLER PATTON | BOARD MEMBER TO SEPTEMBER 2023 Trustee or director | 2 | $0 | $0 |
| AMY GOWAN | PRESIDENT/CEO Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSA CRUZ-PENEFIEL | V.P. OF COMMUNICATIONS Highest-paid employee | 40 | $129,824 | $67,044 |
| STEPHEN PRIMOSCH | V.P. OF FINANCIAL SERVICES Officer | 40 | $129,824 | $61,160 |
| JILL SEAMON | ADMINISTRATIVE OFFICER Highest-paid employee | 40 | $141,927 | $47,314 |
| WESLEY MACQUILLIAM | V.P., BUS. DEV'T & REAL ES Highest-paid employee | 40 | $125,672 | $34,279 |
| ERIC DEVITO | CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN CARTER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JOEL ROZNER | VICE CHAIR TO MAR 2022 Trustee or director, Officer | 5 | $0 | $0 |
| JEFFERY ARMIGER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KATHLEEN MCCOLLUM | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| PHIONA BAREEBE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANN BRENNAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| HAMILTON CHANEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| M JAMES FAISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STUART FORSYTH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PAUL GABLE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| KAYLA GRIFFITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TYLER PATTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELIOT POWELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KEVIN NOLAN | BOARD MEMBER TO FEB 2023 Trustee or director | 2 | $0 | $0 |
| MARIAM NASSIER-PELLETIER | BOARD MEMBER TO MAY 2023 Trustee or director | 2 | $0 | $0 |
| AMY GOWAN | PRESIDENT/CEO FROM APRIL 2023 Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2660 RIVA RD STE 200, ANNAPOLIS, MD 21401-7179
- In care of
- % JAMES T RUSSELL
- Principal officer (990 for 2024)
- ERIC DEVITO, 2660 RIVA ROAD 200, ANNAPOLIS, MD 21401
- Signed the 990
- ERIC DEVITO, CHAIR
- Phone
- (410) 222-7410
- Website
- WWW.AAEDC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO SERVE BUSINESS NEEDS AND TO INCREASE ANNE ARUNDEL COUNTY ECONOMIC BASE THROUGH JOB GROWTH AND INVESTMENT.
Program accomplishments
- ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION SERVES AS A MANAGER OF MARYLAND SMALL MINORITY AND WOMEN-OWNED BUSINESS LOAN FUND, WHICH RECEIVES 1.5% OF VIDEO LOTTERY TERMINAL REVENUE FROM MARYLAND CASINOS. SMALL AND MINORITY, WOMEN AND VETERAN OWNED BUSINESSES LOCATED WITHIN 10 MILES OF ANY OF MARYLAND'S THREE CASINOS AND THOSE LOCATED ELSEWHERE IN THE STATE MAY BE ELIGIBLE FOR LOANS OF BETWEEN $25,000 TO $500,000 FOR PURPOSES SUCH AS BUSINESS AND COMMERCIAL REAL ESTATE ACQUISITION AND EXPANSION, LEASEHOLD IMPROVEMENTS, EQUIPMENT AND VEHICLE PURCHASE, AND WORKING CAPITAL.Expenses $3,045,251 · grants $2,000,673
- FINANCIAL SERVICES:PROVIDES LOANS TO BUSINESSES LOCATED IN OR RELOCATING TO, ANNE ARUNDEL COUNTY, MARYLAND. THE PROGRAM IS FOR THE PURPOSE OF ENCOURAGING BUSINESS DEVELOPMENT WITHIN THE COUNTY. AN ADDITIONAL PROGRAM FOR COMMERCIAL PROPERTY OWNERS IN DESIGNATED REVITALIZATION AREAS IN THE COUNTY MAY QUALIFY FOR LOAN TO COVER RENOVATIONS AND UPGRADES TO BUILDING EXTERIORS AND SITE IMPROVEMENTS. AREAS INCLUDE ANNE ARUNDEL COUNTY'S 11 COMMERCIAL REVITALIZATION DISTRICTS AND THE COUNTY'S ONE STATE-DESIGNATED ENTERPRISE ZONE.Expenses $1,153,504 · revenue $437,924
- AGRICULTURAL MARKETING:CREATES ECONOMIC DEVELOPMENT STRATEGIES TO SUPPORT ANNE ARUNDEL COUNTY'S FARM-BASED BUSINESSES BY PROMOTING AND ENCOURAGING THE DEVELOPMENT OF AGRICULTURE. PROVIDING OPERATING SUPPORT TO FARMS BY THE LEASING OF AGRICULTURAL EQUIPMENT, FACILITATING A SCRAP TIRE PROGRAM, PROMOTE FARMERS MARKET PROGRAMS AND ASSIST FARMS AND COMMERCIAL WATERMAN EXPAND THEIR OPERATIONS USING THE AGRICULTURAL BUSINESS IMPROVEMENT GRANT PROGRAM (ABIG) TO FUND APPROVED PROJECTS.Expenses $415,261 · revenue $29,829
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
- 52-1810772
- 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
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $9,657,312
- Income (IRS master file)
- $6,100,708
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,100,708 | $5,999,965 | $9,657,312 | IRS |
| 990 | June 2024 | $4,386,829 | $4,463,024 | $10,217,914 | IRS |
| 990 | June 2023 | $3,689,720 | $3,722,389 | $10,622,173 | XML |
| 990 | June 2022 | $3,951,927 | $3,576,284 | $9,320,610 | 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 52-1810772).
Questions about ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION is 52-1810772.
- Is ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ANNE ARUNDEL 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 ANNE ARUNDEL 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 ANNE ARUNDEL 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 ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names ERIC DEVITO.
- Who are the officers and directors of ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 26 people; 9 received compensation from the organization, the highest $144,356 (STEPHEN PRIMOSCH, VICE PRESIDENT, FINANCIAL SERVICES).
- How much revenue does ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,100,708, expenses of $5,999,965 and total assets of $9,657,312 at year end.
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All nonprofits in ANNAPOLIS · Maryland · Community improvement and capacity building