Compensation 990

Rochester Area Economic Development Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

221 First Avenue SW Suite 600
Rochester, Minnesota 55902

Rochester Area Economic Development Inc. (EIN: 36-3414363) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Rochester Area Economic Development Inc., a 501(c)(6) business league, reported compensation for 3 out of 8 total employees. Among the employees shown here, the average compensation is $159,930. The highest compensated employee at Rochester Area Economic Development Inc. is John Wade with fiscal year 2024 compensation of $214,436.

Revenue, expenses, and employee compensation

Revenue

$1,412,451

Expenses

$1,390,037

Employee compensation

$1,011,086
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

Adam Benike
Director
Alison Zelms
Director
Angie Bowman-Malloy
Director
Bruce Gudlin
Director
Chad Decook
Director
Dharani Ramamoorthy
Director
Dianna Robinson
Vice Chair
Erin Sexton
Secretary and Treasurer
Heidi Welsch
Director
Jarett Jones
Chair
John Beatty
Director
John Reed
Director

Mission Statement

RAEDI'S MISSION IS TO LEAD AND SUPPORT ECONOMIC, COMMUNITY, AND WORKFORCE DEVELOPMENT INITIATIVES THAT GROW, AND DIVERSIFY THE GREATER ROCHESTER AREA ECONOMY.

Revisions to this organization profile

November 17, 2025:
2024 Rochester Area Economic Development Inc. 990 filed
November 12, 2024:
2023 Rochester Area Economic Development Inc. 990 filed
November 14, 2023:
2022 Rochester Area Economic Development Inc. 990 filed

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