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Prince George's County Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521298515 ✦ Largo, MD ✦ Designated as a 501(c)(3)

Overview

What is Prince George's County Economic Development Corporation?

Prince George's County Economic Development Corporation (EDC) is a nonprofit organization located at 1801 MCCORMICK DRIVE 350, Largo, MD 20774. Their primary mission is to promote economic development in the county by offering business services, attracting, retaining, and expanding businesses. This, in turn, generates jobs and boosts the commercial tax base. Their community outreach program aims to educate the business community about the various programs, incentives, and assistance available in Prince George's County to support business growth. The organization has a team of 25 dedicated individuals working towards these goals.


Official website here: www.pgcedc.com

Is Prince George's County Economic Development Corporation legitimate?

Prince George's County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince George's County Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $771,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,307,476

For more financial information, click here


Official website here: www.pgcedc.com

What is the mission statement of Prince George's County Economic Development Corporation?

The Prince George's County Economic Development Corporation's mission is centered around promoting economic growth. It achieves this by offering business services to attract, retain, and expand businesses within the county. This activity ultimately leads to the creation of jobs and an increase in the commercial tax base. The corporation aims to represent and advocate for the organization on a regional and global scale. The community outreach program is a vital part of their operations, providing information and education about the various programs, incentives, and assistance available for business attraction, expansion, and retention.


Official website here: www.pgcedc.com

Who is the CEO of Prince George's County Economic Development Corporation?

David S Iannucci is the President/Ceo of Prince George's County Economic Development Corporation. The CEO's salary of Prince George's County Economic Development Corporation is $204,632 and their total compensation is $217,690.


Official website here: www.pgcedc.com

What is the revenue of Prince George's County Economic Development Corporation?

Prince George's County Economic Development Corporation's revenue in 2022 was $4,300,935.


Official website here: www.pgcedc.com

Who are the executives of Prince George's County Economic Development Corporation and what are their salaries?

The average compensation at Prince George's County Economic Development Corporation during 2022 was $83,167. There are 25 employees at Prince George's County Economic Development Corporation.

Here are 15 key members and their salaries (Prince George's County Economic Development Corporation's CEO's salary is $204,632 and their total compensation is $217,690):

    David S Iannucci (President/Ceo)
  • Compensation: $204,632
  • Related: $0
  • Other: $13,058

    • Ebony Stocks (Executive Vice President)
  • Compensation: $141,085
  • Related: $0
  • Other: $36,133

    • Lori C Valentine (Vp Of Policy And Public Re)
  • Compensation: $125,926
  • Related: $0
  • Other: $46,842

    • Ramsey Koojo (Controller)
  • Compensation: $131,330
  • Related: $0
  • Other: $6,566

    • Orlan Johnson (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marva Jo Camp (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Roud (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Michael (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angie Rodgers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Connie Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James R Estepp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Lavinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Peterman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kerry Watson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Joseph Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pgcedc.com

    Where can I find the form 990 for Prince George's County Economic Development Corporation?

    The Prince George's County Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pgcedc.com

    Learn more at the official website: www.pgcedc.com

    Mission Statement of Prince George's County Economic Development Corporation

    The Prince George's County Economic Development Corporation, abbreviated as EDC, is committed to fostering economic growth in the region. Their primary mission is to attract, retain, and expand businesses within the county, thereby creating job opportunities and enhancing the commercial tax base. Through their initiatives, the EDC works tirelessly to promote Prince George's County on a regional and global scale.

    To accomplish this, the EDC provides various business services. They aim to educate and inform the local business community about the numerous programs, incentives, and assistance available in Prince George's County. This is done with the ultimate goal of attracting and retaining businesses, thereby stimulating economic growth and development. The EDC's community outreach program is a crucial part of this mission, serving as a bridge between the business community and the resources available to them. By doing so, the EDC plays a vital role in supporting the growth and success of businesses in Prince George's County.

    Impact

    This information is meant to be a general summary of Prince George's County Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Prince George's County Economic Development Corporation plays a significant role in promoting economic development by providing vital business services to attract, retain, and expand businesses in the county. This effort not only encourages the growth of jobs but also enhances the commercial tax base. The organization's community outreach program is designed to inform and educate the business community about the various programs, incentives, and assistance available in Prince George's County, thereby facilitating business attraction, expansion, and retention. The impact of their work is felt in the form of retained businesses, attracted investments, increased job opportunities, and overall enhancement of economic prospects for the county and its residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,103
  • Program Service Revenue: $4,161,137
  • Gross Receipts: $4,300,935

    • Assets and Liabilities:
  • Total Assets: $6,056,042
  • Total Liabilities: $803,213
  • Net Assets: $5,252,829
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PRINCE GEORGE'S COUNTY

    Revenue

    $3,739,100

    EVENT AND SPONSORSHIP

    Revenue

    $196,311

    OTHER INCOME

    Revenue

    $91,826

    INCUBATOR REVENUE

    Revenue

    $68,900

    PROGRAM SERVICE INCOME

    Revenue

    $65,000

    Organization Details

    Founding Year

    1983

    Principal Officer

    David S Iannucci

    Main Address

    1801 MCCORMICK DRIVE 350, LARGO, MD, 20774

    NTEE Category

    Code: S31Z - Community improvement

    If you are a representative of Prince George's County Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.