2024-03-14T10:04:07-04:00 2023-06-30 843482539 SJT GROUP LLC 4811 HARDWARE DR NE SUITE E-4 ALBUQUERQUE NM 87109 990 2022-07-01 742805791 REGIONAL DEVELOPMENT CORPORATION REGI 5058201226 441 GREG AVE BOX 2 SANTA FE NM 87501 JENNIFER JENKINS CHAIR 5058201226 2024-03-14 true JENNIFER JENKINS 999009999 false ARMANDO SANCHEZ P01712667 5053128702 2024-03-14 2022 2023-04-26 12:10:37Z PAT VANDERPOOL 441 GREG AVE SANTA FE NM 87501 1065040 false X WWW.RDCNM.ORG X 1996 NM 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. 10 10 5 0 1037756 1063583 0 438 1457 0 1038194 1065040 383174 549517 0 361213 338519 0 0 122015 194375 866402 1082411 171792 -17371 1502973 1550296 112748 177442 1390225 1372854 X 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. false false 1006006 549517 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. 1006006 true true false false false false false false false false true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 66 0 true 5 true false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true false false NM X X GREG DYE 5058201226 441 GREG AVE SANTA FE NM 87501 VALENTINE ALONZO FRMR. EXEC. 40.00 X 133573 0 18249 JENNIFER JENKINS CHAIR 2.00 X X 0 0 0 KRISTIN HENDERSON VICE CHAIR 2.00 X X 0 0 0 JACK JEKOWSKI SECRETARY 2.00 X X 0 0 0 EVERETT TRUJILLO TREASURER 2.00 X X 0 0 0 LINDA MCLELLAN DIRECTOR 1.00 X 0 0 0 CEDRIC PAGE DIRECTOR 1.00 X 0 0 0 ELMER SALAZAR DIRECTOR 1.00 X 0 0 0 REBECCA WURZBURGER DIRECTOR 1.00 X 0 0 0 KELLY BEIERSCHMITT DIRECTOR 1.00 X 0 0 0 PHOEBE K SUINA DIRECTOR 1.00 X 0 0 0 133573 18249 1 false true false 175000 888583 1063583 1457 1457 1065040 1457 549517 549517 151822 135122 16700 133005 118565 14440 29770 26515 3255 1325 1180 145 22597 19757 2840 15570 11500 4070 45985 33964 12021 40469 36864 3605 10264 4660 5604 3543 2617 926 16690 14865 1825 27913 27009 904 13652 8452 5200 4259 3792 467 2710 2414 296 DIRECT PROGRAM CONSULTING 8019 5923 2096 MISCELLANEOUS 5301 3290 2011 1082411 1006006 76405 0 186465 63744 1257204 1401094 42510 45654 1493 4996 5433 26830 19291 11798 7539 25339 1502973 1550296 60928 111235 51820 66207 112748 177442 X 539449 530808 850776 842046 1390225 1372854 1502973 1550296 -17371 X false true X true false X 1192064 862452 1061852 1037756 1063583 5217707 16000 16000 16000 10667 58667 1208064 878452 1077852 1048423 1063583 5276374 369396 4906978 785 861 276 438 1457 3817 5280191 861 0.92930 0.94590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26830 19291 7539 7539 FUNDS HELD AS FISCAL AGENT 40868 OPERATING LEASE LIABILITY 25339 66207 X 1065040 1065040 1065040 1082411 1082411 1082411 SCHEDULE D, PAGE 3, PART X RDC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. RDC HAS ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. RDC HAS NOT RECOGNIZED ANY CHANGES TO ITS FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS RESULTING FROM THIS ADOPTION. RDC'S INCOME TAX FILINGS FOR THE YEARS ENDED JUNE 30, 2020 AND THEREAFTER ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. true A HYDER ENTERPRISES ALYS TAOS EATS LLC PO BOX 246 ARROYO HONDO NM 87513 10000 BUSINESS EXPANSION B PUBLIC PREFAB 928 SHOOFLY STREET SANTA FE NM 87505 6336 BUSINESS EXPANSION CANTON CUSTOM GUITARS 1704-B LLANO STREET SUITE 104 SANTA FE NM 87505 14036 BUSINESS EXPANSION CONVIVIAL DESIGN INC PO BOX 935 ABIQUIU NM 87510 7507 BUSINESS EXPANSION DAWN BUTTERFLY CAFE PO BOX 602 TAOS NM 87571 8000 BUSINESS DEVELOPMENT FILM PRIZE FOUNDATION INC 401 MARKET STREET STE 860 SHREVEPORT LA 71101 7000 GRANT HECHO IN TAOS 922 CAMINO DE LA SERNA TAOS NM 87571 18699 BUSINESS EXPANSION JEMEZ MOUNTAIN BREWHOUSE LLC PO BOX 119 JEMEZ SPRINGS NM 87025 6769 BUSINESS EXPANSION LIL' PUMPKIN FLOWER SHOP PO BOX 1534 TAOS NM 87571 6000 BUSINESS EXPANSION LUNA COMMUNITY COLLEGE 366 LUNA DRIVE LAS VEGAS NM 87701 20000 WORKFORCE TRAINING NEW MEXICO HIGHLANDS UNIVERSITY PO BOX 9000 LAS VEGAS NM 87701 61000 WORKFORCE TRAINING PETITE TREATS NM LLC 252 NP 101 SANTA FE NM 87506 7600 BUSINESS EXPANSION POVI STUDIOS LLC 4305 JAGUAR LOOP SANTA FE NM 87507 8000 BUSINESS DEVELOPMENT PUEBLO ALLIANCE LLC 347 EAGLE ROAD OHKAY OWINGEH NM 87566 34404 BUSINESS DEVELOPMENT SALA LOS ALAMOS EVENT CENTER 2551 CENTRAL AVENUE LOS ALAMOS NM 87544 20000 BUSINESS EXPANSION SFCC FOUNDATION 6401 RICHARDS AVE ROOM 111 SANTA FE NM 87508 91000 WORKFORCE TRAINING UNIVERSITY OF NEW MEXICO LOS ALAMOS 4000 UNIVERSITY DRIVE LOS ALAMOS NM 87544 GOV 60000 WORKFORCE TRAINING 4 13 SCHEDULE I, PAGE 4, PART IV GRANT/ASSISTANCE FUNDS ARE AWARDED UNDER A COMPETITIVE PROCESS AND SCORED BY AN INDEPENDENT REVIEW PANEL. RDC'S EXECUTIVE DIRECTOR AND DIRECTOR OF OPERATIONS FACILITATE THE APPLICATION AND REVIEW PROCESS BUT ARE NOT MEMBERS OF THE REVIEW PANEL. THE PANEL IS COMPOSED OF LOCAL BUSINESS OWNERS, REPRESENTATIVES FROM THE STATE OF NEW MEXICO, PAST AWARDEES, AND CURRENT AND RETIRED BUSINESS OWNERS. IN ALMOST ALL CASES FUNDS ARE AWARDED ON A COST REIMBURSEMENT BASIS AND RDC PERSONNEL REVIEW COST REIMBURSEMENT REQUESTS IN DETAIL TO ENSURE THE EXPENSES ARE IN ACCORDANCE WITH THE GRANT/ASSISTANCE APPLICATION AND AS APPROVED BY THE REVIEW PANEL PRIOR TO DISBURSEMENT TO THE AWARDEE. X false false false false false false false false false VALENTINE ALONZO FRMR. EXEC. DIRECTOR 133573 18249 151822 FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, 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. FORM 990, PAGE 6, PART VI, LINE 11B IRS FORM 990 IS ELECTRONICALLY CIRCULATED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR QUESTIONS AND COMMENTS PRIOR TO THE 990 BEING FILED WITH THE IRS FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD CONDUCTS AN ANNUAL REVIEW OF COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICIES. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD PROVIDES THE EXECUTIVE DIRECTOR WITH AN ANNUAL PERFORMANCE EVALUATION. THE BOARD ANNUALLY APPROVES THE EXECUTIVE DIRECTORS COMPENSATION. THE BOARD IS AWARE OF COMPARABLE SALARIES FOR OTHER EXECUTIVE DIRECTORS OF SIMILAR ORGANIZATIONS AND IN THE REGION AND BELIEVES THE SALARY OF THE EXECUTIVE DIRECTOR IS APPROPRIATE IN RELATION TO THAT CONTEMPORANEOUS INFORMATION. THE BOARD ANNUALLY APPROVES THE BUDGET FOR THE ORGANIZATION, WHICH INCLUDES OTHER STAFF COMPENSATION. THE BOARD DESIGNATES THE EXECUTIVE DIRECTOR WITH THE AUTHORITY TO SET OTHER STAFF COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 IRS FORM 990 IS AVAILABLE TO OTHER ORGANIZATIONS AND INDIVIDUALS ON THE WEB SITE WWW.GUIDESTAR.ORG OR AT THE ORGANIZATION'S PHYSICAL ADDRESS, UPON REQUEST. RDC ALSO MAKES ITS FORM 1023 AVAILABLE UPON REQUEST.