Mission
TO SERVE BUSINESS NEEDS AND TO INCREASE ANNE ARUNDEL COUNTY ECONOMIC BASE THROUGH JOB GROWTH AND INVESTMENT.
Public Charity
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION is a Public Charity headquartered in ANNAPOLIS, MD. Financial data from the 2025 filing: $6.1M revenue, $6.0M expenses, $9.7M total assets. 1 publicly reported grants to this organization, totaling roughly $12K, appear in IRS filings.
EIN: 521810772
ANNAPOLIS, MD
Urban & Community Economic Development
NTEE: S31
Latest filing: 2025
Total Revenue$6.1M
Total Expenses$6.0M
Total Assets$9.7M
Grant Records1
Funding Total$12K
Filing Years2021–2025
Where $100 goes at Anne Arundel Economic Development Corporation
How Anne Arundel Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$87
Programs
the work itself
$13
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 $87 for programs
$57
Anne Arundel Economic Development Corporation serves as a manager of maryland small minority and women-owned business loan fund, which receives 1.5% of video lottery terminal revenue from maryland…
$22
Financial services:provides loans to businesses located in or relocating to, anne arundel county, maryland
$8
Agricultural marketing:creates economic development strategies to support anne arundel county's farm-based businesses by promoting and encouraging the development of agriculture
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 Received
TO PURCHASE FARM EQUIPMENT
$11,500
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
PRESIDENT/CEO
Amy Gowan
BUSINESS DEVELOPMENT DIRECTOR
Anita Dweling
BOARD MEMBER
Ann Brennan
BOARD MEMBER
Brad Nordholm
CHIEF OF STAFF
Christina Holliday
BOARD MEMBER (UNTIL 06/25)
Eliot Powell
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $6.1M | $6.0M | $9.7M |
| 2024 | $4.4M | $4.5M | $10.2M |
| 2023 | $3.7M | $3.7M | $10.6M |
| 2022 | $4.0M | $3.6M | $9.3M |
| 2021 | $30.3M | $27.7M | $15.7M |
Between 2021 and 2025, reported annual revenue declined from $30.3M to $6.1M (-80%), with total assets most recently reported at $9.7M.
Interactive year-over-year charts and full filing details available with membership.