Overview
What is Wilmington Business Development?
Wilmington Business Development is a nonprofit organization located in Wilmington, North Carolina. Their primary mission is to stimulate and promote the establishment of industrial and manufacturing businesses within the city and surrounding counties of Wilmington, New Hanover, and Pender. They achieve this by actively engaging in ally, investor, and partnership development, outreach, and education. This strategic approach aims to enhance the region's economic assets, bolster business interests, and improve overall quality of life. With a team of four dedicated individuals, Wilmington Business Development serves as a catalyst for attracting industry to the area, thereby contributing to its economic growth and development.
Official website here: www.wilmingtonbusinessdevelopment.com
Is Wilmington Business Development legitimate?
Wilmington Business Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wilmington Business Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $533,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $315,361
For more financial information, click here
Official website here: www.wilmingtonbusinessdevelopment.com
What is the mission statement of Wilmington Business Development?
Wilmington Business Development's mission is centered around encouraging and soliciting the establishment of industrial and manufacturing businesses in specific trade areas. The organization's primary goal is to advertise and promote these types of businesses in the cities of Wilmington, New Hanover, and Pender Counties, North Carolina. They actively engage in alliance, investor, and partnership development, outreach, and education, aiming to enhance the region, its economic assets, business interests, and quality of life. Key initiatives include alliance, investor, and partnership development, as well as outreach and education efforts.
Official website here: www.wilmingtonbusinessdevelopment.com
Who is the CEO of Wilmington Business Development?
R Scott Satterfield is the Ceo/Secretary of Wilmington Business Development. The CEO's salary of Wilmington Business Development is $482,347 and their total compensation is $527,132.
Official website here: www.wilmingtonbusinessdevelopment.com
What is the revenue of Wilmington Business Development?
Wilmington Business Development's revenue in 2023 was $1,504,050.
Official website here: www.wilmingtonbusinessdevelopment.com
Who are the executives of Wilmington Business Development and what are their salaries?
The average compensation at Wilmington Business Development during 2023 was $212,262. There are 4 employees and 13 volunteers at Wilmington Business Development.
Here are 15 key members and their salaries (Wilmington Business Development's CEO's salary is $482,347 and their total compensation is $527,132):
- Compensation: $482,347
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- Other: $44,785
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- Compensation: $169,167
- Related: $0
- Other: $16,231
Official website here: www.wilmingtonbusinessdevelopment.com
Where can I find the form 990 for Wilmington Business Development?
Wilmington Business Development's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wilmingtonbusinessdevelopment.com
Learn more at the official website: www.wilmingtonbusinessdevelopment.com
Mission Statement of Wilmington Business Development
Wilmington Business Development, as an organization, is committed to encouraging, soliciting, advertising, and promoting the establishment and operation of industrial and manufacturing businesses within its trade areas. This mission is geared towards attracting industries to the Wilmington area, aiming to improve the region's economic assets, business interests, and overall quality of life. Wilmington Business Development achieves this goal through various initiatives, primarily focusing on ally, investor, and partnership development, as well as outreach and education. These strategies effectively promote and enhance the region, ultimately benefiting its businesses and the community at large.
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Impact
October, 2024
Wilmington Business Development plays a crucial role in enhancing the economic landscape of the Wilmington area by attracting industry and fostering growth. By engaging in ally, investor, and partnership development, the organization enhances collaboration among local stakeholders, ensuring a unified approach to economic development.
Through targeted outreach and education initiatives, Wilmington Business Development promotes the region's economic assets and business interests. This not only helps to attract new businesses but also strengthens the existing industrial and manufacturing base, contributing to job creation and economic vibrancy.
Its mission to encourage, solicit, and advertise the advantages of establishing businesses in Wilmington and the surrounding counties significantly influences the region's quality of life. By improving business conditions, Wilmington Business Development ultimately supports community improvement and ensures that Wilmington remains a competitive and attractive location for various industries. The positive impact is reflected in the overall economic health of the area, leading to sustained growth and a robust community.
This information is meant to be a general summary of Wilmington Business Development. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $11,327
- Program Service Revenue: $1,548,203
- Gross Receipts: $1,579,530
Assets and Liabilities:
- Total Assets: $1,928,213
- Total Liabilities: $0
- Net Assets: $1,928,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$838,000
CONTRACT SERVICES INCO
Revenue
$709,891
OTHER MEMBER SUPPORT
Revenue
$312
Organization Details
Founding Year
1960
Phone
(910) 763-8414Principal Officer
R Scott Satterfield
Main Address
P O BOX 1698, WILMINGTON, NC, 28402
NTEE Category
Code: S43 - Community improvement
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