Regional Development Corporation

Organization Overview

Regional Development Corporation is located in Santa Fe, NM. The organization was established in 1998. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Regional Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Regional Development Corporation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $866.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Regional Development Corporation has awarded 120 individual grants totaling $2,329,273. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE REGIONAL DEVELOPMENT CORPORATION (RDC) IS A PRIVATE NON-PROFIT 501(C) (3) ORGANIZATION DEDICATED TO IMPROVING ECONOMIC DEVELOPMENT IN NORTHERN NEW MEXICO. RDC PROVIDES PRIVATE INVESTMENT OPPORTUNITIES AND TECHNICAL ASSISTANCE TO FACILITATE JOB GROWTH AND DIVERSIFY THE ECONOMIES OF COMMUNITIES IN THE FOLLOWING SEVEN COUNTIES: LOS ALAMOS, MORA, RIO ARRIBA, SANDOVAL, SAN MIGUEL, SANTA FE, TAOS, AND THE MUNICIPALITIES AND NATIVE AMERICAN PUEBLOS THEREIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REGIONAL DEVELOPMENT CORPORATION INITIATIVES INCLUDE BUSINESS RETENTION & EXPANSION WHICH PROVIDES ONE-ON-ONE TECHNICAL ASSISTANCE SERVICES TO CURRENT AND FUTURE BUSINESS OWNERS FREE OF CHARGE. THIS INITIATIVE INCLUDES FUNDING OPPORTUNITIES TO HELP DIVERSIFY THE LOCAL ECONOMIES IN NORTHERN NEW MEXICO OUTSIDE OF LOS ALAMOS NATIONAL LABORATORY INTERESTS. OTHER INITIATIVES INCLUDE THE WORKFORCE AND ACADEMIC NETWORK PILOT PROJECT TO CONVENE INDUSTRY AND ACADEMIC STATEKHOLDERS IN ORDER TO HELP JOB SEEKERS AND STUDENTS MORE EASILY ACCESS TRAINING AND EDUCATION FOR THE CONSTRUCTION INDUSTRY IN NORTHERN NEW MEXICO AND THE HIGHER EDUCATION WORKFORCE PROJECT WHICH IS A PARTNERSHIP BETWEEN RDC AND NORTHERN NEW MEXICO HIGHER EDUCATION INSTITUTIONS TO IDENTIFY TRAINING NEEDS AND DEVELOP A WELL-EDUCATED WORKFORCE IN THE REGION. THESE INITIATIVES ARE LARGELY FUNDED BY TRIAD NATIONAL SECURITY, LLC (TRIAD), THE COMPANY THAT MANAGES LOS ALAMOS NATIONAL LABORATORY. RDC'S INITIATIVES CONTINUED TO STIMULATE ECONOMIC DIVERSIFICATION AND DEVELOPMENT IN NORTHERN NEW MEXICO THROUGH CREATION OF NEW JOBS, LESSENING THE IMPACT OF REDUCTIONS AT LOS ALAMOS NATIONAL LABS.


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Board, Officers & Key Employees

Name (title)Compensation
Valentine Alonzo
Exec. Direct
$117,000
Jennifer Jenkins
Chair
$0
Kristin Henderson
Vice Chair
$0
Jack Jekowski
Secretary
$0
Everett Trujillo
Treasurer
$0
Kelly Beierschmitt
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $187,000
All other contributions, gifts, grants, and similar amounts not included above$850,756
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,037,756
Total Program Service Revenue$0
Investment income $438
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,038,194

Grants Awarded

Over the last fiscal year, Regional Development Corporation has awarded $250,948 in support to 13 organizations.

Grant RecipientAmount

SFCC FOUNDATION

PURPOSE: GRANT

$40,000

NORTHERN NEW MEXICO COLLEGE

Org PageRecipient Profile

Espanola, NM

PURPOSE: WORKFORCE TRAINING

$40,000

UNIVERSITY OF NEW MEXICO LOS ALAMOS

PURPOSE: WORKFORCE TRAINING

$34,300

NORTH CENTRAL NM ECONOMICDEVELOPMENT

PURPOSE: GRANT

$29,000

UNIVERSITY OF NEW MEXICO - TAOS

PURPOSE: GRANT

$20,000

FISHSKI

PURPOSE: GRANT

$18,328
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Regional Development Corporation has recieved totaling $701,959.

Awarding OrganizationAmount
Battelle Memorial Institute

Columbus, OH

PURPOSE: GENERAL OPERATING SUPPORT

$701,959
View Grant Recipient Profile

Peer Organizations

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