THE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) IS A PRIVATE, NON- PROFIT BUSINESS ORGANIZATION WITH A PUBLIC PURPOSE MISSION TO SERVE AS AN INNOVATION AND LEADING FORCE IN THE ECONOMIC DEVELOPMENT OF THE CITY OF WORCESTER AND THE REGION, RESULTING IN JOB CREATION AND TAX BASE EXPANSION.
Executive compensation, broken down
Form 990 · Schedule J · 3 reported individuals · Filing year 2024
- Base
- $352k
- Bonus
- $55k
- Other
- —
- Benefits
- $6k
- Base
- $253k
- Bonus
- $25k
- Other
- —
- Benefits
- $1k
- Base
- $165k
- Bonus
- —
- Other
- —
- Benefits
- $1k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & | $352k | $55k | — | $6k | $450k $486k |
VP of Projec vice president | $253k | $25k | — | $1k | $323k $349k |
CFO | $165k | — | — | $1k | $196k $211k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 24 unpaid individuals.
Up 3%
from 2023
From $436k in 2023 to $450k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Revenue and expenses over time
WORCESTER BUSINESS DEVELOPMENT CORP reported revenue and expenses across 2 filing years.
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