Nonprofit · EIN 54-1968125
CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS
Tax-exempt · ARLINGTON, VA 22209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,477,242 | $9,791,322 | $685,920 | $6,072,080 | $3,616,843 | $2,455,237 |
| December 31, 2024 | 990 | $6,432,027 | $5,381,369 | $1,050,658 | $2,649,205 | $879,888 | $1,769,317 |
| December 31, 2023 | 990 | $5,182,427 | $5,726,288 | -$543,861 | $2,967,965 | $2,249,306 | $718,659 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,201,803
- of which government grants
- $6,201,803
- Program service revenue
- $4,250,507
- Investment income
- $23,582
- Other revenue
- $1,350
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $493,896
- Other salaries and wages
- $2,864,996
- Salaries, compensation and benefits (total)
- $4,017,503
- Professional fundraising fees
- $0
- Accounting fees
- $38,437
- Occupancy
- $306,386
- Travel
- $115,431
- Depreciation
- $26,728
- Program services (functional)
- $8,692,672
- Management and general (functional)
- $1,098,650
Balance sheet and other
- Total assets, start of year
- $2,649,205
- Total assets, end of year
- $6,072,080
- Total liabilities, end of year
- $3,616,843
- Net assets, end of year
- $2,455,237
- Land, buildings and equipment
- $71,246
- Net assets without donor restrictions
- $958,414
- Net assets with donor restrictions
- $1,496,823
- Gross receipts
- $10,477,242
- Employees
- 32
- Volunteers
- 0
- Year formed
- 2000
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH POOLE | PRESIDENT & CEO Trustee or director, Officer | 40 | $271,016 |
| EROL YILDIRIM | EXECUTIVE VP/COO Trustee or director, Officer | 40 | $222,880 |
| ROBERT ISAACSON | SENIOR VP, ECON RESEARCH & POLICY Highest-paid employee | 40 | $201,645 |
| MARTIN ROMITTI | SENIOR VP, RESEARCH & TECH ASSIST Highest-paid employee | 40 | $188,404 |
| ALLISON FORBES | SENIOR VP, STRATEGY & INNOVATION Highest-paid employee | 40 | $182,429 |
| PHILLIP GROFF | VP, IT AND BUSINESS SOLUTIONS Highest-paid employee | 40 | $170,240 |
| MICHAEL GILROY | VP, WORKFORCE DEVELOPMENT Highest-paid employee | 40 | $163,822 |
| EDWARD FESER | BOARD CHAIR, PROGRAM & STRATEGY Trustee or director | 2 | $0 |
| DAVE BOULAY | ADMIN & FINANCE COMM. CHAIR Trustee or director | 2 | $0 |
| DREW CONRAD | ADMIN & FINANCE COMM. MEMBER Trustee or director | 2 | $0 |
| JASON EL KOUBI | PROGRAMMING & STRATEGY COMM. MEMBER Trustee or director | 2 | $0 |
| JOAN GOLDSTEIN | PROGRAMMING & STRATEGY COMM. MEMBER Trustee or director | 2 | $0 |
| DOMINIQUE HALABY | PROGRAMMING & STRATEGY COMM. CHAIR Trustee or director | 2 | $0 |
| ANGELA LADETTO | PROGRAMMING & STRATEGY COMM. MEMBER Trustee or director | 0 | $0 |
| STEPHANIE MCGARRAH | ADMIN & FINANCE COMM. MEMBER Trustee or director | 0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CORETTA PETTWAY | ADMIN & FINANCE COMM. MEMBER Trustee or director | 0 | $0 |
| JENNIFER ZELLER | ADMIN & FINANCE COMM. MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH POOLE | PRESIDENT & CEO Trustee or director, Officer | 40 | $261,062 |
| EROL YILDIRIM | EXECUTIVE VP/COO Trustee or director, Officer | 40 | $216,605 |
| ROBERT ISAACSON | SENIOR VP FOR ECONONMIC RESEARCH & POLICY Highest-paid employee | 40 | $195,148 |
| MARTIN ROMITTI | SENIOR VP FOR RESEARCH AND Highest-paid employee | 40 | $183,115 |
| ALLISON FORBES | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $173,348 |
| PHILLIP GROFF | VP, IT AND BUSINESS SOLUTI Highest-paid employee | 40 | $162,409 |
| ERMIAS GYESUS | VICE PRESIDENT OF FINANCE Highest-paid employee | 40 | $151,453 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN MCNAMARA | EXECUTIVE VP/COO Trustee or director, Officer | 40 | $268,425 |
| KENNETH POOLE | PRESIDENT & CEO Trustee or director, Officer | 40 | $254,049 |
| EROL YILDIRIM | SENIOR VP, NEW PRODUCTS Trustee or director | 40 | $211,036 |
| ROBERT ISAACSON | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $184,625 |
| MARTIN ROMITTI | SENIOR VP FOR RESEARCH AND Highest-paid employee | 40 | $177,956 |
| ALLISON FORBES | VICE PRESIDENT OF RESEARCH Highest-paid employee | 40 | $163,667 |
| PHILLIP GROFF | VP, IT AND BUSINESS SOLUTI Highest-paid employee | 40 | $155,042 |
| ERMIAS GYESUS | VICE PRESIDENT OF FINANCE Highest-paid employee | 40 | $145,610 |
Address and contacts
- Address (IRS master file)
- 1700 N MOORE ST STE 1500, ARLINGTON, VA 22209-1911
- In care of
- % EROL YILDIRIM
- Principal officer (990 for 2025)
- KENNETH POOLE, 1700 N MOORE ST 1500, ARLINGTON, VA 22209
- Signed the 990
- KENNETH POOLE, PRESIDENT & CEO
- Phone
- (703) 522-4980
- Website
- WWW.CREC.NET
- Return prepared by
- YOUNT HYDE & BARBOUR PC
Mission
TO FOSTER ECONOMIC DEVELOPMENT.
Program accomplishments
- PROVIDED TECHNICAL ASSISTANCE TO IMPLEMENT STRATEGIC DEVELOPMENT FOR REGIONAL COUNCILS OF GOVERNMENT AND COMMUNITIES.Expenses $8,692,672 · revenue $4,250,507
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 | 990 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
- 54-1968125
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,072,080
- Income (IRS master file)
- $10,477,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,477,242 | $9,791,322 | $6,072,080 | XML |
| 990 | December 2024 | $6,432,027 | $5,381,369 | $2,649,205 | XML |
| 990 | December 2023 | $5,182,427 | $5,726,288 | $2,967,965 | XML |
| 990 | December 2022 | $4,820,009 | $5,486,156 | $3,764,563 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 54-1968125).
Questions about CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS
- What is the EIN of CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS?
- The employer identification number (EIN) of CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS is 54-1968125.
- Is CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS 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 CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS?
- The 990 for the year ended December 31, 2025 names KENNETH POOLE.
- Who are the officers and directors of CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS?
- The 990 for the year ended December 31, 2025 lists 17 people; 7 received compensation from the organization, the highest $271,016 (KENNETH POOLE, PRESIDENT & CEO).
- How much revenue does CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,477,242, expenses of $9,791,322 and total assets of $6,072,080 at year end.
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All nonprofits in ARLINGTON · Virginia · Community improvement and capacity building