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RAPPAHANNOCK ECONOMIC DEVELOPMENT

EIN: 54-1389463Fredericksburg, VAZIP: 22401
501(c)(4)

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE SMALL BUSINESS COMMUNITY WITHIN VIRGINIA, MARYLAND, WEST VIRGINIA AND WASHINGTON, DC. TO PROMOTE AND INCREASE PRIVATE SECTOR INVESTMENT IN LONG-TERM FIXED ASSETS, WHICH WILL INCREASE PRODUCTIVITY, CREATE OR RETAIN EMPLOYMENT OPPORTUNITIES AND INCREASE THE LOCAL TAX BASE IN THE AREA OF OPERATIONS. IN SUMMARY, IT IS THE INTENT OF THE RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION TO PROVIDE A POSITIVE ECONOMIC IMPACT WITHIN ITS COMMUNITY, OR MEET A PUBLIC POLICY GOAL OF THE SMALL BUSINESS ADMINISTRATION (SBA).

Financials

YearRevenueExpensesAssets
2023$702k$0$614k
2022$729k$0$620k

Compensation

2023

JOE DISTEFANO
President
chief executive officer
$172,942
$15,788
$0
$188,730
KRISTIN SHIELDS
Vice Chairwo
officer (unspecified)
$0
$0
$0
$0
BRIAN BAKER
Past Chairma
officer (unspecified)
$0
$0
$0
$0
GEORGE CHRISTOPHER
Treasurer
officer (unspecified)
$0
$0
$0
$0
KATHY SPEAKMAN
Secretary
officer (unspecified)
$0
$0
$0
$0
BILL OETERS
Assistant Se
officer (unspecified)
$0
$0
$0
$0
RICH IRON
Director
board member
$0
$0
$0
$0
JEFF ROUSE
Director
board member
$0
$0
$0
$0
CURRY ROBERTS
Director
board member
$0
$0
$0
$0
MATT KELLY
Director
board member
$0
$0
$0
$0
JIM HOWARD
Director
board member
$0
$0
$0
$0
STEVEN APICELLA
Director
board member
$0
$0
$0
$0
MIKE KENNISON
Director
board member
$0
$0
$0
$0
BRENDA HISGHMAN
Director
board member
$0
$0
$0
$0
TERI TOSTI
Chairwoman
board chair
$0
$0
$0
$0

2022

JOE DISTEFANO
President
chief executive officer
$169,177
$33,904
$0
$203,081
JEFF ROUSE
Director
board member
$0
$0
$0
$0
BRIAN BAKER
Chair
board chair
$0
$0
$0
$0
BRENDA HISGHMAN
Past Chair
board chair
$0
$0
$0
$0
GEORGE CHRISTOPHER
Director
board member
$0
$0
$0
$0
KATHY SPEAKMAN
Director
board member
$0
$0
$0
$0
MIKE KENNISON
Treasurer
officer (unspecified)
$0
$0
$0
$0
JIM HOWARD
Director
board member
$0
$0
$0
$0
TERI TOSTI
Vice Chair
board vice chair
$0
$0
$0
$0
STEVEN APICELLA
Director
board member
$0
$0
$0
$0
CURRY ROBERTS
Director
board member
$0
$0
$0
$0
KRISTIN SHIELDS
Secretary
officer (unspecified)
$0
$0
$0
$0
BILL OETERS
Assistant Se
officer (unspecified)
$0
$0
$0
$0
MATT KELLY
Director
board member
$0
$0
$0
$0

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Learn more

Data from IRS Form 990 filings (2022-2023).