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Filing year 2023

WILMINGTON BUSINESS DEVELOPMENT

Wilmington, North Carolina·EIN 56-0636999·6
Total revenue
$1.6M
Total assets
$2.2M
Total expenses
$1.3M
Reported officers
15
Mission

THE ORGANIZATION'S MISSION IS TO ENCOURAGE, SOLICIT, ADVERTISE AND PROMOTE THE LOCATION AND OPERATION OF INDUSTRIAL AND MANUFACTURING ESTABLISHMENTS WITHIN THE TRADE AREAS OF THE CITY OF WILMINGTON, AND NEW HANOVER AND PENDER COUNTIES, N.C.

Executive compensation, broken down

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

Ceo/secretary
officer (unspecified)
$581k
$635k
Base
$333k
Bonus
$180k
Other
$26k
Benefits
$23k
Director of Business Devel
highest compensated employee
$206k
$225k
Base
$168k
Bonus
$20k
Other
Benefits
$7k

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 13 unpaid individuals.

Up 10%
from 2022

From $527k in 2022 to $581k in 2023.

$527k
2022
$581k
2023
In today's dollarsEst.
Up 6% in real terms$602k to $635k

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.

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

Revenue and expenses over time

WILMINGTON BUSINESS DEVELOPMENT reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.5M
$1.3M
2022
$1.6M
$1.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
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