NonprofitsWilmington Business Development

Wilmington Business Development

WILMINGTON, NC

Total revenue

$1.6M

Total expenses

$1.3M

Net assets

$2.2M

Grants received

EIN

560636999

Tax year

2023

Mission

To attract industry to the wilmington area.

Programs

2 programs

Wbd endeavors to support existing businesses of greater wilmington and the jobs they represent. Key initiatives are feedback & intelligence gathering, location service delivery, and resource development and coordination.

Wbd aggressively deploys outreach tools in showcasing greater wilmington as a destination for high-quality economic investors. Key initiatives are market intelligence, lead generation & client development, project management & technical assistance, and involvement of public partners.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$1.5M
Investment income$58K
Other revenue$31K
Total revenue$1.6M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising
Other expenses$228K
Total expenses$1.3M
Total assets$2.2M
Net assets$2.2M

People

15 listed

NameRoleCompensation

R SCOTT SATTERFIELD

CEO/SECRETARY

Board

$538K

40 hrs/wk

TIM MILAM

VICE CHAIRMAN

Board

0.2 hrs/wk

MICHAEL MCWHORTER

TREASURER

Board

0.2 hrs/wk

WILMA DANIELS

DIRECTOR

Board

0.2 hrs/wk

DAVID HONEYCUTT

DIRECTOR

Board

0.2 hrs/wk

BILL KING

DIRECTOR

Board

0.2 hrs/wk

MICHAEL YOUNGBLOOD

DIRECTOR

Board

0.2 hrs/wk

JEFF ROOKS

DIRECTOR

Board

0.2 hrs/wk

JAY MCGRADY

DIRECTOR

Board

0.2 hrs/wk

BILL RIVENBARK

EX-OFFICIO DIRECTOR

Board

0.2 hrs/wk

BILL SAFFO

EX-OFFICIO DIRECTOR

Board

0.2 hrs/wk

BRAD GEORGE

EX-OFFICIO DIRECTOR

Board

0.2 hrs/wk

LISA LEITH

EX-OFFICIO DIRECTOR

Board

0.2 hrs/wk

FRED SAMZ

CHAIRMAN

Board

0.2 hrs/wk

CLIFF PYRON JR

DIRECTOR OF BUSINESS DEVEL

Staff

$188K

40 hrs/wk

Details

EIN560636999
Subsection06
Ruling date1960-09
Formed1960
Employees5
Volunteers13
WILMINGTON BUSINESS DEVELOPMENT — Mission, Financials & Grants Received | Grantivo