Nonprofit · EIN 56-0636999
WILMINGTON BUSINESS DEVELOPMENT
Tax-exempt · WILMINGTON, NC 28402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,750,836 | $2,213,408 | -$462,572 | $1,730,483 | $0 | $1,730,483 |
| June 30, 2024 | 990 | $1,599,774 | $1,334,932 | $264,842 | $2,193,055 | $0 | $2,193,055 |
| June 30, 2023 | 990 | $1,504,050 | $1,309,977 | $194,073 | $1,928,213 | $0 | $1,928,213 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,605,873
- Investment income
- $65,251
- Net income from fundraising events
- $79,712
- Other revenue
- $79,712
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,591,231
- Other salaries and wages
- $150,554
- Salaries, compensation and benefits (total)
- $1,942,472
- Professional fundraising fees
- $0
- Accounting fees
- $7,367
- Occupancy
- $44,434
- Travel
- $7,501
Balance sheet and other
- Total assets, start of year
- $2,193,055
- Total assets, end of year
- $1,730,483
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,730,483
- Land, buildings and equipment
- $109,677
- Net assets without donor restrictions
- $1,730,483
- Gross receipts
- $1,839,624
- Employees
- 4
- Volunteers
- 13
- Year formed
- 1960
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| R SCOTT SATTERFIELD | CEO/SECRETARY Trustee or director, Officer | 40 | $1,331,019 | $43,710 |
| CLIFF PYRON JR | DIRECTOR OF BUSINESS DEVEL Highest-paid employee | 40 | $216,735 | $30,840 |
| FRED SAMZ | CHAIRMAN Trustee or director | 0.2 | $0 | $0 |
| TIM MILAM | VICE CHAIRMAN Trustee or director | 0.2 | $0 | $0 |
| MICHAEL MCWHORTER | TREASURER Trustee or director | 0.2 | $0 | $0 |
| WILMA DANIELS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID HONEYCUTT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL KING | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL YOUNGBLOOD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JEFF ROOKS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JAY MCGRADY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL RIVENBARK | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL SAFFO | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BRAD GEORGE | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| R SCOTT SATTERFIELD | CEO/SECRETARY Trustee or director, Officer | 40 | $538,050 | $43,278 |
| CLIFF PYRON JR | DIRECTOR OF BUSINESS DEVEL Highest-paid employee | 40 | $187,928 | $18,102 |
| FRED SAMZ | CHAIRMAN Trustee or director | 0.2 | $0 | $0 |
| TIM MILAM | VICE CHAIRMAN Trustee or director | 0.2 | $0 | $0 |
| MICHAEL MCWHORTER | TREASURER Trustee or director | 0.2 | $0 | $0 |
| WILMA DANIELS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID HONEYCUTT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL KING | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL YOUNGBLOOD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JEFF ROOKS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JAY MCGRADY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL RIVENBARK | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL SAFFO | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BRAD GEORGE | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| LISA LEITH | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| R SCOTT SATTERFIELD | CEO/SECRETARY Trustee or director, Officer | 40 | $482,347 | $44,785 |
| CLIFF PYRON JR | DIRECTOR OF BUSINESS DEVEL Highest-paid employee | 40 | $169,167 | $16,231 |
| FRED SAMZ | CHAIRMAN Trustee or director | 0.2 | $0 | $0 |
| TIM MILAM | VICE CHAIRMAN Trustee or director | 0.2 | $0 | $0 |
| MICHAEL MCWHORTER | TREASURER Trustee or director | 0.2 | $0 | $0 |
| WILMA DANIELS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID HONEYCUTT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL KING | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL YOUNGBLOOD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JEFF ROOKS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JAY MCGRADY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL RIVENBARK | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BILL SAFFO | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| WENDEE FLETCHER-HARDEE | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| STEPHANIE LANIER | EX-OFFICIO DIRECTOR Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1698, WILMINGTON, NC 28402-1698
- Principal officer (990 for 2024)
- R SCOTT SATTERFIELD, P O BOX 1698, WILMINGTON, NC 28402
- Signed the 990
- R SCOTT SATTERFIELD, CEO
- Phone
- (910) 763-8414
- Return prepared by
- PBMARES LLP
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.
Program accomplishments
- WBD ACTIVELY ENGAGES IN ALLY, INVESTOR AND PARTNERSHIP DEVELOPMENT, OUTREACH AND EDUCATION THAT EFFECTIVELY PROMOTE AND IMPROVE THE REGION, ITS ECONOMIC ASSESTS, BUSINESS INTERESTS AND QUALITY-OF-LIFE. KEY INITIATIVES ARE ALLY, INVESTOR AND PARTNERSHIP DEVELOPMENT AND OUTREACH AND EDUCATION.
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0636999
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,730,483
- Income (IRS master file)
- $1,839,624
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,750,836 | $2,213,408 | $1,730,483 | IRS |
| 990 | June 2024 | $1,599,774 | $1,334,932 | $2,193,055 | XML |
| 990 | June 2023 | $1,504,050 | $1,309,977 | $1,928,213 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0636999).
Questions about WILMINGTON BUSINESS DEVELOPMENT
- What is the EIN of WILMINGTON BUSINESS DEVELOPMENT?
- The employer identification number (EIN) of WILMINGTON BUSINESS DEVELOPMENT is 56-0636999.
- Is WILMINGTON BUSINESS DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1960.
- Are donations to WILMINGTON BUSINESS DEVELOPMENT tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WILMINGTON BUSINESS DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WILMINGTON BUSINESS DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILMINGTON BUSINESS DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WILMINGTON BUSINESS DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names R SCOTT SATTERFIELD.
- Who are the officers and directors of WILMINGTON BUSINESS DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $1,331,019 (R SCOTT SATTERFIELD, CEO/SECRETARY).
- How much revenue does WILMINGTON BUSINESS DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,750,836, expenses of $2,213,408 and total assets of $1,730,483 at year end.
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