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Montgomery County Economic Development C

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

EIN: 810717388 ✦ Rockville, MD ✦ Designated as a 501(c)(3)

Overview

What is Montgomery County Economic Development C?

Montgomery County Economic Development Corporation (MCEDC) is a nonprofit organization situated in Rockville, Maryland, with a strong focus on fostering economic growth and prosperity in Montgomery County. Driven by a talented team of 13 board members, MCEDC employs a public-private perspective, entrepreneurial spirit, and proactive approach to economic development. Their mission is to accelerate the growth, retention, and attraction of businesses in key sectors, thereby promoting equitable and inclusive economic growth in the area. MCEDC leverages the county's diverse talent pool and workforce expertise to maintain its competitive edge in the dynamic economic landscape. Their activities aim to drive business development and contribute to the vibrancy of the local community, ultimately ensuring sustainable economic growth for the region.


Official website here: www.thinkmoco.com

Is Montgomery County Economic Development C legitimate?

Montgomery County Economic Development C is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Economic Development C 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: $265,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,314,690

For more financial information, click here


Official website here: www.thinkmoco.com

What is the mission statement of Montgomery County Economic Development C?

Montgomery County Economic Development Corporation, often referred to as MCEDC, is dedicated to promoting equitable and inclusive economic growth, prosperity, and sustainability in its area. Their mission is achieved through activities that stimulate the expansion, retention, and attraction of businesses in key industry sectors. The organization focuses on marketing and business development to drive economic growth, leveraging its diverse population, talent, and workforce expertise to maintain a competitive edge in an evolving economic landscape. The MCEDC is led by a talented team of board members, committed to upholding and extending the community's vibrancy, utilizing the region's advantages for future business success.


Official website here: www.thinkmoco.com

Who is the CEO of Montgomery County Economic Development C?

Bill Tompkins is the Principal Officer of Montgomery County Economic Development C. The CEO's salary of Montgomery County Economic Development C is $252,882 and their total compensation is $266,959.


Official website here: www.thinkmoco.com

What is the revenue of Montgomery County Economic Development C?

Montgomery County Economic Development C's revenue in 2022 was $7,933,113.


Official website here: www.thinkmoco.com

Who are the executives of Montgomery County Economic Development C and what are their salaries?

The average compensation at Montgomery County Economic Development C during 2022 was $92,152. There are 28 employees and 11 volunteers at Montgomery County Economic Development C.

Here are 19 key members and their salaries (Montgomery County Economic Development C's CEO's salary is $252,882 and their total compensation is $266,959):

    Benjamin Wu (President And Ceo)
  • Compensation: $252,882
  • Related: $0
  • Other: $14,077

    • William Tompkins (Executive Vp & Coo)
  • Compensation: $221,846
  • Related: $0
  • Other: $21,507

    • Brad Stewart (Svp, Business Development)
  • Compensation: $202,188
  • Related: $0
  • Other: $24,222

    • Stacey Hardy (Vp Of Operations)
  • Compensation: $163,594
  • Related: $0
  • Other: $21,186

    • Spiros Baltas (Director Of Economic Devel)
  • Compensation: $168,497
  • Related: $0
  • Other: $12,476

    • Lynne Benzion (Director Of Economic Devel)
  • Compensation: $155,745
  • Related: $0
  • Other: $21,784

    • Andrew Friedson (Ex-Officio Member, Board O) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Beverly (Vice Chair, Board Of Direc) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elana Fine (Secretary, Board Of Direct) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Lee (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Sanjay Rai (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • S Tien Wong (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Forde (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ola Sage (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carmen Larsen (Treasurer, Board Of Direct) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Graham (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert G Brewer (Chair, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jake Weissmann (Ex-Officio Member, Board O) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Featherston (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thinkmoco.com

    Where can I find the form 990 for Montgomery County Economic Development C?

    The Montgomery County Economic Development C’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thinkmoco.com

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

    Mission Statement of Montgomery County Economic Development C

    Montgomery County Economic Development Corporation (MCEDC) is a nonprofit organization committed to driving economic growth in Montgomery County, Maryland. With a fresh public-private perspective, an entrepreneurial spirit, and a proactive approach to economic development, the MCEDC aims to maximize the county's rich diversity of people, talent, and workforce expertise. The corporation's mission is to advance equitable and inclusive economic growth, prosperity, and sustainability in Montgomery County by accelerating the growth, retention, and attraction of businesses in key industry sectors. By leveraging the county's advantages and extending its vibrant community, the MCEDC seeks to keep Montgomery County at the forefront of today's highly competitive economic development environment. The corporation is led by a highly talented team of 11 voting and 2 non-voting board members, all dedicated to upholding and extending Montgomery County's thriving community for the future of business across the region.

    Impact

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




    Saturday, July 20, 2024

    Montgomery County Economic Development C's impact is focused on advancing equitable and inclusive economic growth, prosperity, and sustainability in Montgomery County, Maryland. They work to accelerate the growth, retention, and attraction of businesses in key industry sectors to achieve greater economic competitiveness and prosperity across the county. Through a fresh public/private perspective and proactive approach to economic development, Montgomery County Economic Development C aims to maximize the county's diversity, talent, and workforce expertise to keep it at the leading edge of today's hyper-competitive economic development environment. Their efforts include marketing and business development to drive economic growth in Montgomery County.





    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: $723
  • Program Service Revenue: $129,964
  • Gross Receipts: $7,933,113

    • Assets and Liabilities:
  • Total Assets: $2,827,028
  • Total Liabilities: $1,164,608
  • Net Assets: $1,662,420
  • Programs

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

    REIMBURSEMENT INCOME

    Revenue

    $129,964

    Organization Details

    Founding Year

    2015

    Principal Officer

    Bill Tompkins

    Main Address

    1801 ROCKVILLE PIKE 320, ROCKVILLE, MD, 20852

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Montgomery County Economic Development C 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.