Nonprofit · EIN 85-0157216
ALBUQUERQUE ECONOMIC DEVELOPMENT INC
Tax-exempt · ALBUQUERQUE, NM 87102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,343,577 | $1,969,134 | $374,443 | $4,388,307 | $461,883 | $3,926,424 |
| December 31, 2024 | 990 | $1,891,669 | $2,002,753 | -$111,084 | $4,203,667 | $775,468 | $3,428,199 |
| December 31, 2023 | 990 | $1,955,317 | $1,975,799 | -$20,482 | $3,891,011 | $573,978 | $3,317,033 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,001,099
- of which government grants
- $595,071
- Program service revenue
- $0
- Investment income
- $389,487
- Net gain from sales of assets
- $271,901
- Net income from fundraising events
- -$49,201
- Other revenue
- -$47,009
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $420,925
- Other salaries and wages
- $628,837
- Salaries, compensation and benefits (total)
- $1,191,956
- Professional fundraising fees
- $0
- Legal fees
- $487
- Accounting fees
- $56,392
- Occupancy
- $86,370
- Travel
- $83,080
- Depreciation
- $6,330
- Program services (functional)
- $1,595,241
- Management and general (functional)
- $373,893
Balance sheet and other
- Total assets, start of year
- $4,203,667
- Total assets, end of year
- $4,388,307
- Total liabilities, end of year
- $461,883
- Net assets, end of year
- $3,926,424
- Land, buildings and equipment
- $3,758
- Publicly traded securities
- $3,922,593
- Net assets without donor restrictions
- $3,926,424
- Gross receipts
- $2,998,988
- Employees
- 11
- Volunteers
- 14
- Year formed
- 1960
- State of legal domicile
- NM
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 | Other / benefits |
|---|---|---|---|---|
| Danielle Casey | Past Pres/CEO Officer | 40 | $205,800 | $9,494 |
| Chad Matheson | Interim Pre/CEO Officer | 40 | $185,292 | $20,339 |
| Mary Tieman | COO Officer | 40 | $107,583 | $5,026 |
| Don Tarry | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Josh Parsons | Chair Elect Trustee or director, Officer | 2 | $0 | $0 |
| Celina Bussey | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Teresa Costantinidis | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Kyle Beasley | Director Trustee or director | 1 | $0 | $0 |
| Brian Brown | Director Trustee or director | 1 | $0 | $0 |
| Mike Canfield | Director Trustee or director | 1 | $0 | $0 |
| Jim Chynoweth | Director Trustee or director | 1 | $0 | $0 |
| Michelle Dearholt | Director Trustee or director | 1 | $0 | $0 |
| Robin Divine | Director Trustee or director | 1 | $0 | $0 |
| Joe Farr | Director Trustee or director | 1 | $0 | $0 |
| Frank Gallegos | Director Trustee or director | 1 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Benjamin Gardner | Director Trustee or director | 1 | $0 |
| Troy Greer | Director Trustee or director | 1 | $0 |
| Joanie Griffin | Director Trustee or director | 1 | $0 |
| Debbie Harms | Director Trustee or director | 1 | $0 |
| Tracy Hartzler | Director Trustee or director | 1 | $0 |
| Justin Horwitz | Director Trustee or director | 1 | $0 |
| Ruth Huning-Gonzales | Director Trustee or director | 1 | $0 |
| Shad James | Director Trustee or director | 1 | $0 |
| Wayne Johnson | Director Trustee or director | 1 | $0 |
| Leean Kravitz | Director Trustee or director | 1 | $0 |
| Pepper Lang | Director Trustee or director | 1 | $0 |
| Adam Leyba | Director Trustee or director | 1 | $0 |
| Dan Long | Director Trustee or director | 1 | $0 |
| Lorie Anne McBride | Director Trustee or director | 1 | $0 |
| Meg Meister | Director Trustee or director | 1 | $0 |
| Roxanna Meyers | Director Trustee or director | 1 | $0 |
| Adrian Montoya | Past Director Trustee or director | 1 | $0 |
| Cynthia Schultz | Director Trustee or director | 1 | $0 |
| Ryan Shell | Director Trustee or director | 1 | $0 |
| Joan Tafoya | Past Director Trustee or director | 1 | $0 |
| Janice Torrez | Director Trustee or director | 1 | $0 |
| Eric Weinstein | Director Trustee or director | 1 | $0 |
| Hank Andrews | Director Trustee or director | 1 | $0 |
| Jeff Garrett | Director Trustee or director | 1 | $0 |
| Kurt Browning | Director Trustee or director | 1 | $0 |
| Kent Cravens | Director Trustee or director | 1 | $0 |
| Marcos Gonzales | Director Trustee or director | 1 | $0 |
| Rebecca Napier | Director Trustee or director | 1 | $0 |
| Robert Nelson | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIELLE CASEY | PRESIDENT AND CEO Officer | 40 | $314,578 | $22,721 |
| CHAD R MATHESON | INTERIM CEO Officer | 40 | $167,871 | $29,701 |
| MARY TIEMAN | CHIEF OPERATIONS OFFICER Officer | 40 | $100,128 | $4,774 |
| KYLE BEASLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE CANFIELD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHIL CASAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM CHYNOWETH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENT CRAVENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE DEARHOLT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBIN DIVINE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBBIE HARMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANK GALLEGOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUSTIN HORWITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHAD JAMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WAYNE JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEEAN KRAVITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BENJAMIN GARDNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEG MEISTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROXANNA MEYERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TROY GREER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RYAN SHELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BEN SPENCER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JANICE TORREZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC WEINSTEIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINE GARCIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CYNTHIA SCHULTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOANIE GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RUTH HUNING-GONZALES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADAM LEYBA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORIE ANNE MCBRIDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOE FARR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADRIAN MONTOYA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOAN TAFOYA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PEPPER LANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WALT BENSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TRACY HARTZLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CELINA BUSSEY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DON TARRY | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOSH PARSONS | CHAIR ELECT Trustee or director, Officer | 2 | $0 | $0 |
| TERESA CONSTANTINIDIS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIELLE CASEY | PRESIDENT AND CEO Officer | 40 | $320,353 | $20,618 |
| CHAD R MATHESON | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $154,490 | $16,687 |
| JANICE TORREZ | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| ERIC WEINSTEIN | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| JOE FARR | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| MEGAN OBLACK | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| ROXANNA MEYERS | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| RYAN SHELL | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| BEN SPENCER | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| RAY SMITH | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| RICHARD LUARKIE | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| PEPPER LANG | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| TERESA COSTANTINIDIS | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| WALT BENSON | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| TRACY HARTZLER | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| BETH BARELA | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| ADRIAN MONTOYA | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| BRIAN BROWN | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| JULIE MORGAS-BACA | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| JOAN TAFOYA | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| ROBIN DIVINE | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| DALE DEKKER | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| ERIKA EDGERLY | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| DAVID CAMPBELL | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| MIKE CANFIELD | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| RYAN CENTERWALL | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| PHIL CASAUS | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| JIM CHYNOWETH | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| MICHELLE DEARHOLT | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| KENT CRAVENS | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| SHAD JAMES | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| JUSTIN HORWITZ | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| WAYNE JOHNSON | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| MEG MEISTER | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| LEEAN KRAVITZ | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| KYLE BEASLEY | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| CELINA BUSSEY | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| DEBBIE HARMS | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| HOWIE HERBERT III | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| JASON HARRINGTON | BOARD MEMBER Trustee or director | 0.08 | $0 | $0 |
| CYNTHIA SCHULTZ | CHAIRMAN Trustee or director, Officer | 0.13 | $0 | $0 |
| CAROLINE GARCIA | TREASURER Trustee or director, Officer | 0.13 | $0 | $0 |
| JOSH PARSONS | SECRETARY Trustee or director, Officer | 0.13 | $0 | $0 |
| DON TARRY | CHAIR ELECT Trustee or director, Officer | 0.13 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 3RD ST NW STE 1900, ALBUQUERQUE, NM 87102-3379
- In care of
- % CHAD MATHESON
- Principal officer (990 for 2025)
- Josh Parsons, 201 Third Street NW 1900, Albuquerque, NM 87102
- Signed the 990
- Rebecca Napier, Current Treasurer
- Phone
- (505) 705-3777
- Website
- www.abq.org
- Return prepared by
- Janice Moen CPA
Mission
AREA is a 501(c)(3) public charity that leads and executes strategies designed to grow and diversify the economic base of the greater Albuquerque region, creating a prosperous, diverse, and inclusive economy and elevating the standard of living for all.
Program accomplishments
- In 2025 AREA advanced through a pivotal year of the AREA 1.0 Strategic Plan with strong momentum, translating years of foundations work into measurable progress for the greater Albuquerque region. The year was defined by landmark project wins in aerospace, defense and next generations energy, alongside continued gains in site readiness, workforce alignment, and regional collaboration. Business recruitment, retention and expansion: AREA recruits companies that export the majority of their goods and services outside of New Mexico, thereby bringing new money into the state's economy. Business development: AREA assists existing local businesses with their expansion plans, helping connect them to resources that position them for growth.Recruitment and development of contributors: AREA invites leading metro area businesses to contribute to the organization and to be engaged for the advancement of its mission. AREA provides educational programs, training and networking opportunities to its contributors.Expenses $1,595,241
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
- 85-0157216
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,388,307
- Income (IRS master file)
- $2,998,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,343,577 | $1,969,134 | $4,388,307 | XML |
| 990 | December 2024 | $1,891,669 | $2,002,753 | $4,203,667 | XML |
| 990 | December 2023 | $1,955,317 | $1,975,799 | $3,891,011 | XML |
| 990 | December 2022 | $1,639,266 | $1,875,350 | $3,324,539 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-0157216).
Questions about ALBUQUERQUE ECONOMIC DEVELOPMENT INC
- What is the EIN of ALBUQUERQUE ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of ALBUQUERQUE ECONOMIC DEVELOPMENT INC is 85-0157216.
- Is ALBUQUERQUE ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to ALBUQUERQUE ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALBUQUERQUE ECONOMIC DEVELOPMENT INC 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 ALBUQUERQUE ECONOMIC DEVELOPMENT INC 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 ALBUQUERQUE ECONOMIC DEVELOPMENT INC 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 ALBUQUERQUE ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 names Josh Parsons.
- Who are the officers and directors of ALBUQUERQUE ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 lists 44 people; 3 received compensation from the organization, the highest $205,800 (Danielle Casey, Past Pres/CEO).
- How much revenue does ALBUQUERQUE ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,343,577, expenses of $1,969,134 and total assets of $4,388,307 at year end.
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