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.
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Employee compensation
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).
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