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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Rappahannock Economic Development Corporation

Rappahannock Economic Development Corporation

Fiscal year ending 2024. Filed on March 26, 2025.

710 Princess Anne Street Suite 2
Suite 2
Fredericksburg, Virginia 22401

Rappahannock Economic Development Corporation (EIN: 54-1389463) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Rappahannock Economic Development Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 1 out of 3 total employees. Among the employees shown here, the average compensation is $188,730. The highest compensated employee at Rappahannock Economic Development Corporation is Joe Distefano with fiscal year 2024 compensation of $188,730.

Revenue, expenses, and employee compensation

Revenue

$702,011

Expenses

$692,219

Employee compensation

$525,963
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joe Distefano
President
$188,730
$188,730 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Bill Oeters
Assistant Secretary
Brenda Hisghman
Director
Brian Baker
Former Chair
Curry Roberts
Director
George Christopher
Treasurer
Jeff Rouse
Director
Jim Howard
Director
Kathy Speakman
Secretary
Kristin Shields
Vice Chair
Matt Kelly
Director
Mike Kennison
Director
Rich Iron
Director

Mission Statement

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).

Revisions to this organization profile

March 26, 2025:
2024 Rappahannock Economic Development Corporation 990 filed
March 29, 2024:
2023 Rappahannock Economic Development Corporation 990 filed
March 30, 2023:
2022 Rappahannock Economic Development Corporation 990 filed

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