Virginia · Nonprofit
HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE
HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE (Virginia) receives grants from 3 organizations whose IRS filings report $555,000 to it, the largest being THE LANDMARK FOUNDATION ($500,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $4.1M
- Funders on record
- 3
- Grants received
- $555k
- Net assets
- $3.8M
What Hampton Roads Economic Development Alliance does
Mission
The mission of the hampton roads econcomic development alliance is business attraction--marketing virginia's hampton roads region as the preferred location for business investment and expansion. All hreda initiatives are designed to secure visits with qualified business prospects.
As stated on its FY2024 Form 990.
Programs
The organization promotes economic investment and business expansion in the hampton roads area and from throughout the world through marketing.
$2,404,869 spent$93,673 earned by the program67% of program spendingThe organization provides research resources that provide material about the hampton roads region.
$782,913 spent22% of program spendingThe organization is involved with attracting and retaining investors through investor relations initiatives.
$417,665 spent12% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,605,447.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $2.9M to $3.7M (+27%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 70% · 2018 67% · 2019 54% · 2020 44% · 2021 44% · 2022 49% · 2023 51% · 2024 47%. Grants only. Government contracts and fees sit inside program revenue.
97% of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE’s revenue is contributions — more reliant on donations than three-quarters of its peers (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Keith Vandervennet
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2020 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $100k → $110k.
Left out of every figure on this page: $444k from 4 payers (the payer shares this organization's board, largest Hampton Roads Community Foundation). These are real filings, and they are not money HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE raised.
From the IRS filings of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE leans on a few funders — its largest provides 90% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2020 100% · 2021 100% · 2022 91% · 2023 91% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
95% of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE is better cushioned than half of the 4,206 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024
Organizations like HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE (Virginia) receives grants from 3 organizations whose IRS filings report $555,000 to it, the largest being THE LANDMARK FOUNDATION ($500,000). 2 of them have funded it in more than one year.
- How many funders does HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE have?
- IRS filings report 3 organizations giving $555,000 in grants to HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE, 2 of which have funded it in more than one year.
- Who is the largest funder of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- THE LANDMARK FOUNDATION is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
- How can an organization like HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Hampton Roads Economic Development Alliance →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing