Nonprofit · EIN 54-0600387
HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,054,808 | $4,054,189 | $619 | $4,202,961 | $366,460 | $3,836,501 |
| December 31, 2023 | 990 | $3,575,930 | $4,145,174 | -$569,244 | $4,121,084 | $285,202 | $3,835,882 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,921,473
- of which government grants
- $1,919,385
- Program service revenue
- $93,673
- Investment income
- $39,662
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $976,224
- Other salaries and wages
- $1,137,852
- Salaries, compensation and benefits (total)
- $2,398,392
- Professional fundraising fees
- $0
- Legal fees
- $4,963
- Accounting fees
- $9,950
- Occupancy
- $178,756
- Travel
- $63,142
- Depreciation
- $40,491
- Program services (functional)
- $3,605,447
- Management and general (functional)
- $448,742
Balance sheet and other
- Total assets, start of year
- $4,121,084
- Total assets, end of year
- $4,202,961
- Total liabilities, end of year
- $366,460
- Net assets, end of year
- $3,836,501
- Land, buildings and equipment
- $101,946
- Net assets without donor restrictions
- $3,836,501
- Gross receipts
- $4,054,808
- Employees
- 17
- Volunteers
- 38
- Year formed
- 1997
- State of legal domicile
- VA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS L SMITH | PRESIDENT & Officer | 37.5 | $430,946 | $90,079 |
| JARED CHALK | CHIEF BUS. D Officer | 37.5 | $248,797 | $28,607 |
| STEVE HARRISON | COO Officer | 37.5 | $162,394 | $15,401 |
| KEITH VANDERVENNET | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT DUVALL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BUFFY BAREFOOT | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| KENNETH C ALEXANDER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ROBERT M DYER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| SHANNON GLOVER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| PHILLIP JONES | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DOUGLAS PONS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DONNIE TUCK | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RICHARD W WEST | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DARRELL WILLIAMS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| AUBREY LAYNE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CULLEN GLASS | DIRECTOR Trustee or director | 0.3 | $0 |
| KATHERINE BOND | DIRECTOR Trustee or director | 0.3 | $0 |
| JERRY MILLER | DIRECTOR Trustee or director | 0.3 | $0 |
| JOHN LAWSON | DIRECTOR Trustee or director | 0.3 | $0 |
| NNEKA CHIAZOR | DIRECTOR Trustee or director | 0.3 | $0 |
| MARY BUNTING | EX-OFFICIO Trustee or director | 0.3 | $0 |
| SHAWN AVERY | EX-OFFICIO Trustee or director | 0.3 | $0 |
| SEAN WASHINGTON | EX-OFFICO Trustee or director | 0.3 | $0 |
| NANCY GRDEN | EX-OFFICO Trustee or director | 0.3 | $0 |
| WILLIAM R ERMATINGER | EX-OFFICIO Trustee or director | 0.3 | $0 |
| JAMES WOOD | EX-OFFICO Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS L SMITH | PRESIDENT & Officer | 37.5 | $403,171 | $84,467 |
| JARED CHALK | CHIEF BUS. D Officer | 37.5 | $187,182 | $17,686 |
| STEVE HARRISON | COO Officer | 37.5 | $153,023 | $13,895 |
| KEITH VANDERVENNET | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BILL ERMATINGER | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DIANE LEOPOLD | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| KENNETH C ALEXANDER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| SHAWN AVERY | EX-OFFICIO Trustee or director | 0.3 | $0 | $0 |
| BUFFY BAREFOOT | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MARY BUNTING | EX-OFFICIO Trustee or director | 0.3 | $0 | $0 |
| ROBERT DUVALL | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ROBERT M DYER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| NANCY GRDEN | EX-OFFICO Trustee or director | 0.3 | $0 | $0 |
| RICHARD DICK GRICE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| PHILLIP JONES | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| FLORENCE KINGSTON | EX-OFFICO Trustee or director | 0.3 | $0 | $0 |
| AUBREY LAYNE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DOUGLAS PONS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DONNIE TUCK | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RICHARD W WEST | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DARRELL WILLIAMS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAMES WOOD | EX-OFFICO Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3 COMMERCIAL PL STE 1320, NORFOLK, VA 23510-2113
- Principal officer (990 for 2024)
- DOUGLAS L SMITH, 3 COMMERCIAL PLACE, NORFOLK, VA 23510
- Signed the 990
- DOUGLAS L SMITH, PRESIDENT & CEO
- Phone
- (757) 627-2315
- Website
- HAMPTONROADSALLIANCE.COM
- Return prepared by
- JONES CPA GROUP PC
Mission
THE MISSION OF THE HAMPTON ROADS ECONCOMIC DEVELOPMENT ALLIANCE IS BUSINESS ATTRACTION--MARKETING VIRGINIA'S HAMPTON ROADS REGION AS THE PREFERRED LOCATION FOR BUSINESS INVESTMENT AND EXPANSION. ALL HREDA INITIATIVES ARE DESIGNED TO SECURE VISITS WITH QUALIFIED BUSINESS PROSPECTS.
Program accomplishments
- THE ORGANIZATION PROMOTES ECONOMIC INVESTMENT AND BUSINESS EXPANSION IN THE HAMPTON ROADS AREA AND FROM THROUGHOUT THE WORLD THROUGH MARKETING.Expenses $2,404,869 · revenue $93,673
- THE ORGANIZATION PROVIDES RESEARCH RESOURCES THAT PROVIDE MATERIAL ABOUT THE HAMPTON ROADS REGION.Expenses $782,913
- THE ORGANIZATION IS INVOLVED WITH ATTRACTING AND RETAINING INVESTORS THROUGH INVESTOR RELATIONS INITIATIVES.Expenses $417,665
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0600387
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,202,961
- Income (IRS master file)
- $4,054,808
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,054,808 | $4,054,189 | $4,202,961 | IRS |
| 990 | December 2023 | $3,575,930 | $4,145,174 | $4,121,084 | XML |
| 990 | December 2022 | $3,867,938 | $3,508,588 | $4,472,009 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE
- What is the EIN of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- The employer identification number (EIN) of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE is 54-0600387.
- Is HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE 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 HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- The 990 for the year ended December 31, 2024 names DOUGLAS L SMITH.
- Who are the officers and directors of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- The 990 for the year ended December 31, 2024 lists 26 people; 3 received compensation from the organization, the highest $430,946 (DOUGLAS L SMITH, PRESIDENT &).
- How much revenue does HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,054,808, expenses of $4,054,189 and total assets of $4,202,961 at year end.
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