Mission
TO PROMOTE EMPLOYMENT OPPORTUNITIES IN THE ALLEGHANY HIGHLANDS AREA OF VIRGINIA.
Public Charity
ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION
ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION is a Public Charity headquartered in COVINGTON, VA. Financial data from the 2025 filing: $292K revenue, $283K expenses, $417K total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $10K.
EIN: 161620392
COVINGTON, VA
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$292K
Total Expenses$283K
Total Assets$417K
Grants Given1
Grant Total$10K
Filing Years2021–2025
Where $100 goes at Alleghany Highlands Economic Development Corporation
How Alleghany Highlands Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$62
Programs
the work itself
$38
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $62 for programs
$62
The organization promotes and maintains sufficient and suitable employment producing activities in the alleghany highlands area, strives to achieve an improved rate of employment, and enhance the tax…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
Formable Grabber
Business Development loan
$10,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
CO-CHAIR
Allen Dressler
BOARD MEMBER
Chuck Unroe
BOARD MEMBER
Dr John Rainone
BOARD MEMBER
Gina Tingler
BOARD MEMBER
Greg Madsen
BOARD MEMBER
James Griffith
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $292K | $283K | $417K |
| 2024 | $195K | $134K | $371K |
| 2023 | $239K | $200K | $317K |
| 2022 | $303K | $254K | $276K |
| 2021 | $382K | $350K | $238K |
Between 2021 and 2025, reported annual revenue declined from $382K to $292K (-23%), with total assets most recently reported at $417K.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in VA.
VA
Full geographic grant map with state-by-state breakdown available with membership.