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 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- 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 & Above 90th percentile | $352k | $55k | — | $6k | $450k $486k |
VP of Projec Board Vice President 75th to 90th percentile | $253k | $25k | — | $1k | $323k $349k |
CFO 75th to 90th percentile | $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.
Chief Executive Officer pay rose 3% from 2023 to 2024, while revenue rose 13%.
- Board Vice President pay rose 4% from 2023 to 2024.
- Chief Financial Officer pay fell 5% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
WORCESTER BUSINESS DEVELOPMENT CORP reported revenue and expenses across 2 filing years.
Common questions about WORCESTER BUSINESS DEVELOPMENT CORP
What does the Chief Executive Officer of WORCESTER BUSINESS DEVELOPMENT CORP earn?
In 2024, the Chief Executive Officer of WORCESTER BUSINESS DEVELOPMENT CORP received $450,250 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at WORCESTER BUSINESS DEVELOPMENT CORP compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at WORCESTER BUSINESS DEVELOPMENT CORP falls in the top 10%.
What are WORCESTER BUSINESS DEVELOPMENT CORP's revenue and expenses?
In 2024, WORCESTER BUSINESS DEVELOPMENT CORP reported $2M in total revenue and $1.7M in total expenses on its IRS Form 990.
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