Public Charity

HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE

HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE is a nonprofit organization categorized as Public Charity based in NORFOLK, VA. Its most recent IRS filing (2024) reports revenue of $4.1M, expenses of $4.1M, total assets of $4.2M. Imperigo tracks 11 reported grant relationships connected to this organization totaling approximately $369K.

EIN: 540600387 NORFOLK, VA Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$4.1M
Total Expenses$4.1M
Total Assets$4.2M
Grant Records11
Funding Total$369K
Filing Years2019–2024

Mission

THE MISSION OF THE HAMPTON ROADS ECONCOMIC DEVELOPMENT ALLIANCE IS BUSINESS ATTRACTION--MARKETING VIRGINIA'S HAMPTON ROADS REGION AS THE PREFERRED LOCATION FOR BUSINESS INVESTMENT AND EXPANSION. ALL HREDA INITIATIVES ARE DESIGNED TO SECURE VISITS WITH QUALIFIED BUSINESS PROSPECTS.

Where $100 goes at Hampton Roads Economic Development Alliance

How Hampton Roads Economic Development Alliance divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$10 Management running the organization
$3 Fundraising raising the next dollar

Inside the $87 for programs

$58
The organization promotes economic investment and business expansion in the hampton roads area and from throughout the world through marketing
67% of program spending
$19
The organization provides research resources that provide material about the hampton roads region
22% of program spending
$10
The organization is involved with attracting and retaining investors through investor relations initiatives
11% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Aubrey Layne
TREASURER Buffy Barefoot
DIRECTOR Cullen Glass
DIRECTOR Darrell Williams
DIRECTOR Donnie Tuck
PRESIDENT & Douglas L Smith

Officer compensation and complete director data available with membership.

Top Grant Purposes

Human & Social Services
$119,000 4 grants
Economic Development
$100,000 2 grants
Fundraising & Sponsorship
$75,000 3 grants
General Support
$25,000 1 grant
Unspecified
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.1M $4.1M $4.2M
2023 $3.6M $4.1M $4.1M
2022 $3.9M $3.5M $4.5M
2020 $3.7M $2.9M $3.7M
2019 $2.7M $2.4M $2.9M

Between 2019 and 2024, reported annual revenue grew from $2.7M to $4.1M (+51%), with total assets most recently reported at $4.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE

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