PRINCE GEORGE'S COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN: 521298515 501(c)(3) Community Improvement

LARGO, MD

Total Revenue
$4,930,722
Total Expenses
$4,759,908
Total Assets
$7,451,779
Net Assets
$6,665,423
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MD
Principal Officer
INGRID S WATSON
Phone
3015834650
Tax Period
2024-07-01 to 2025-06-30

PRINCE GEORGE'S COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $4.8M left a modest 3% surplus.

Mission

PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING BUSINESS SERVICES TO ATTRACT, RETAIN, AND EXPAND BUSINESSES IN THE COUNTY, GROWING BOTH JOBS AND THE COMMERCIAL TAX BASE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $96,250
Program Service Revenue $4,717,492
Investment Income $116,980
Other Revenue $0
TOTAL REVENUE $4,930,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,129,764
Fundraising Expenses $285,268
Program Expenses $3,381,931
Other Expenses $1,630,144
TOTAL EXPENSES $4,759,908

Year-over-Year Comparison

2024 2023 Change
Revenue $4,930,722 $6,548,063 -0.2%
Expenses $4,759,908 $5,645,560 -0.2%
Net Income $170,814 $902,503 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
25
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$864,822
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORLAN JOHNSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARVA JO CAMP VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANDREW ROUD DIRECTOR 1.00
Director
$0 $0 $0
GARY MICHAEL TREASURER 1.00
Officer Director
$0 $0 $0
ANGIE RODGERS DIRECTOR 1.00
Director
$0 $0 $0
CONNIE EVANS DIRECTOR 1.00
Director
$0 $0 $0
JAMES R ESTEPP DIRECTOR 1.00
Director
$0 $0 $0
KERRY WATSON SECRETARY 1.00
Officer Director
$0 $0 $0
SHARRARNE MORTON BEGIN JULY 2024 DIRECTOR 1.00
Director
$0 $0 $0
DR PRABHUDEV KONANA BEGIN JULY 2024 DIRECTOR 1.00
Director
$0 $0 $0
NATE RICHARDSON BEGIN JULY 2024 DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL A JACKSON BEGIN JULY 2024 DIRECTOR 1.00
Director
$0 $0 $0
KRYSTAL ORIADHA BEGIN JULY 2024 DIRECTOR 1.00
Director
$0 $0 $0
EBONY STOCKS EXECUTIVE VICE PRESIDENT 40.00
Officer
$170,591 $43,083 $213,674
RAMSEY KOOJO CONTROLLER 40.00
Officer
$155,929 $27,634 $183,563
LORI C VALENTINE VP OF POLICY AND PUBLIC RE 40.00
Officer
$157,396 $54,111 $211,507
DAVID IANNUCCI PRESIDENT 40.00
Officer
$241,129 $14,949 $256,078
MARTIN EZEMMA DIRECTOR OF INTERNATIONAL BUSINESS 40.00
Highest
$125,173 $48,879 $174,052
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,930,722 $4,759,908 $7,451,779 $170,814
2024 $6,548,063 $5,645,560 $7,645,892 $902,503
2023 $5,105,140 $4,765,863 $6,894,343 $339,277
2022 $4,300,935 $3,528,402 $6,056,042 $772,533
2021 $5,714,975 $3,507,925 $5,245,721 $2,207,050
2020 $4,692,594 $4,340,576 $4,301,678 $352,018
2019 $4,167,379 $4,033,048 $3,116,638 $134,331
2018 $12,033,240 $11,756,880 $4,327,680 $276,360
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