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Filing year 2024

OCEAN CITY DEVELOPMENT CORPORATION

Ocean City, Maryland·EIN 52-2222484·NTEE A80 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$907k
Total assets
$5.2M
Total expenses
$861k
Reported officers
15
Mission

THE OCEAN CITY DEVELOPMENT CORPORATION IS DEDICATED TO THE REVITALIZATION OF THE DOWNTOWN AREA OF OCEAN CITY, MARYLAND. PROGRAMS ARE DESIGNED BY THE ORGANIZATION TO FORMULATE AND IMPLEMENT LONG RANGE DEVELOPMENT STRATEGIES FOR COMMERCIAL, OFFICE, RESIDENTIAL, AND OTHER DEVELOPMENT IN THE DOWNTOWN AREA.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Maryland.

Executive Director
Median to 75th percentile
$99k
$105k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 14 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at OCEAN CITY DEVELOPMENT CORPORATION equaled 11% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2024)
11%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Fell 11%
over 2 years

From $111k in 2022 to $99k in 2024.

$111k
2022
$77k
2023
$99k
2024
In today's dollarsEst.
Down 17% in real terms$127k to $105k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 230% from 2022 to 2024, while revenue rose 46%.

$30k in 2022 to $99k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about OCEAN CITY DEVELOPMENT CORPORATION

What does the Chief Executive Officer of OCEAN CITY DEVELOPMENT CORPORATION earn?

In 2024, the Chief Executive Officer of OCEAN CITY DEVELOPMENT CORPORATION received $98,854 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Maryland, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at OCEAN CITY DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in Maryland, the 2024 pay of the Chief Executive Officer at OCEAN CITY DEVELOPMENT CORPORATION falls between the median and the 75th percentile. In 2024, the highest total compensation at OCEAN CITY DEVELOPMENT CORPORATION equaled 11% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are OCEAN CITY DEVELOPMENT CORPORATION's revenue and expenses?

In 2024, OCEAN CITY DEVELOPMENT CORPORATION reported $907k in total revenue and $861k in total expenses on its IRS Form 990.

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