Civic Intelligence

Wilmington Business Development

990 • Fiscal year 2017 • EIN 56-0636999

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

Organization ProfileWWW.WILMINGTONBUSINESSDEVELOPMENT.COM

View Organization Page

PO Box 1698Wilmington, NC 28402

(910) 763-8414

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.49x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.45x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

23rd percentile

-2.6%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$467,063

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 47.0% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

28th percentile

-0.6%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-5.2%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$916,658

Down $5,863 (-0.6%) from 2016

Net Assets

Down

$468,740

Down $25,852 (-5.2%) from 2016

Liabilities

Up

$447,918

Up $19,989 (+4.7%) from 2016

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin23rd percentile

Revenue

Down

$993,102

Down $53,993 (-5.2%) from 2016

Expenses

Up

$1,018,954

Up $109,568 (+12%) from 2016

Net Income

Down

-$25,852

Down $163,561 (-119%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $455,483Liabilities 2011: $232,639Net Assets 2011: $222,8442011Assets 2012: $503,438Liabilities 2012: $297,241Net Assets 2012: $206,1972012Assets 2013: $560,660Liabilities 2013: $382,124Net Assets 2013: $178,5362013Assets 2014: $658,236Liabilities 2014: $429,708Net Assets 2014: $228,5282014Assets 2015: $792,719Liabilities 2015: $435,836Net Assets 2015: $356,8832015Assets 2016: $922,521Liabilities 2016: $427,929Net Assets 2016: $494,5922016Assets 2017: $916,658Liabilities 2017: $447,918Net Assets 2017: $468,7402017Assets 2018: $993,957Liabilities 2018: $417,716Net Assets 2018: $576,2412018Assets 2019: $1,037,684Liabilities 2019: $454,580Net Assets 2019: $583,1042019Assets 2020: $1,125,393Liabilities 2020: $533,564Net Assets 2020: $591,8292020Assets 2021: $1,358,209Liabilities 2021: $671,564Net Assets 2021: $686,6452021Assets 2022: $1,640,676Liabilities 2022: $708,617Net Assets 2022: $932,0592022Assets 2023: $1,928,213Liabilities 2023: $0Net Assets 2023: $1,928,2132023Assets 2024: $2,193,055Liabilities 2024: $0Net Assets 2024: $2,193,0552024

Highlighted filing

2017

Assets$916,658
Liabilities$447,918
Net Assets$468,740
Open 2017 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $754,930Expenses 2011: $866,168Net Income 2011: -$111,2382011Revenue 2012: $810,118Expenses 2012: $826,765Net Income 2012: -$16,6472012Revenue 2013: $876,096Expenses 2013: $903,757Net Income 2013: -$27,6612013Revenue 2014: $987,455Expenses 2014: $937,463Net Income 2014: $49,9922014Revenue 2015: $1,000,941Expenses 2015: $872,586Net Income 2015: $128,3552015Revenue 2016: $1,047,095Expenses 2016: $909,386Net Income 2016: $137,7092016Revenue 2017: $993,102Expenses 2017: $1,018,954Net Income 2017: -$25,8522017Revenue 2018: $1,082,182Expenses 2018: $974,681Net Income 2018: $107,5012018Revenue 2019: $1,109,713Expenses 2019: $1,102,852Net Income 2019: $6,8612019Revenue 2020: $1,079,262Expenses 2020: $1,070,537Net Income 2020: $8,7252020Revenue 2021: $1,081,122Expenses 2021: $986,306Net Income 2021: $94,8162021Revenue 2022: $1,342,071Expenses 2022: $1,096,657Net Income 2022: $245,4142022Revenue 2023: $1,504,050Expenses 2023: $1,309,977Net Income 2023: $194,0732023Revenue 2024: $1,599,774Expenses 2024: $1,334,932Net Income 2024: $264,8422024

Highlighted filing

2017

Revenue$993,102
Expenses$1,018,954
Net Income-$25,852
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,033,738
Mission and Program Overview

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.

To attract industry to area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$538,633$572,890▲ $34,257
Land, Buildings, and Equipment, Net$29,204$21,582▼ $7,622
Accounts Receivable$50,424$17,424▼ $33,000
Prepaid Expenses and Deferred Charges$4,260$4,762▲ $502
Total Assets$922,521$916,658▼ $5,863
Other Assets Total$300,000$300,000→ $0
Liabilities
Deferred Revenue$326,457$337,390▲ $10,933
Accounts Payable and Accrued Expenses$101,472$110,528▲ $9,056
Total Liabilities$427,929$447,918▲ $19,989
Net Assets / Fund Balance
Unrestricted Net Assets$494,592$468,740▼ $25,852
Total Net Assets Fund Balance$494,592$468,740▼ $25,852
Total Liabilities and Net Assets / Fund Balance$922,521$916,658▼ $5,863

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$21,582$45,284$66,866
Equipment$0$62,381$62,381
Other Assets Org$300,000--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
R Scott SatterfieldCEO/secretaryFT$264,098$202,965$467,063
Billy KingDirector of Business DevelFT$125,704$15,687$141,391

Board Members and Trustees

NameTitle
Dickson McleanChairman
Mike WilkinsonVice Chairman
Charles RooksDirector
Fred SamzDirector
Jack BartoDirector
Ken DullDirector
Mitch KeelDirector
Sabrina StephensDirector
Bill SaffoEx-officio Director
Charles MattoxEx-officio Director
David WilliamsEx-officio Director
Patricia KusekEx-officio Director
Bill CherryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$963,222
Investment Income
$2,016
Other Revenue
$27,864
Change in Net Assets
$-25,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$993,102
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$993,102
Total Revenue per Form 990
$993,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$806,570
Other Expenses$212,384
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$472,751
Other Salaries and Wages---$251,633
Fees for Services Other---$50,784
Occupancy---$37,075
Payroll Taxes---$32,862
Pension Plan Contributions---$25,177
Other Employee Benefits---$24,147
Conferences and Meetings---$15,808
Fees for Services Accounting---$14,000
Travel---$8,941
Depreciation Depletion---$7,622
Insurance---$5,721
Other Expenses---$4,930
All Other Expenses---$4,851
Total Functional Expenses$0$0$0$1,018,954

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,018,954
Total Expenses per Audited Statements$1,018,954
Total Expenses per Form 990$1,018,954
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,500
Fundraising Direct Expenses$40,636
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$68,500$68,500$19,070$49,430
Total Events$68,500$68,500$40,636$27,864
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the ceo before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Executive committee of the board of directors annually reviews, monitors and enforces compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“The ceo's accomplishments and performance is evaluated by the executive committee of the board of directors. A memorandum was prepared by the chairman of the board regarding the ceo's performance review and compensation.”

Form 990, Part VI, Section C, Line 19

“No documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Wilmington Business Development
EIN
56-0636999
Phone
9107638414
Address
PO BOX 1698, WILMINGTON, NC 28402

Signing Officer

Name
R Scott Satterfield
Title
CEO
Phone
9107638414
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Scott Satterfield
Formed
1960
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
13
Employees
4
Volunteers
9

Preparer

Firm
Rsm US Llp
Address
300 NORTH 3RD STREET FIFTH FLOOR, WILMINGTON, NC 28401
Preparer
Hc Craft Iii CPA
Phone
9107629671
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization believes that it has appropriate support for any tax postions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The federal income tax returns of the organization are subject to examination by the internal revenue service for the years 2014 through 2016.”

Raw XML AppendixShowing 400 of 443 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0101472
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0110528
IRS990/AccountsReceivableGrp/BOYAmt050424
IRS990/AccountsReceivableGrp/EOYAmt017424
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ATTRACT INDUSTRY TO AREA.
IRS990/AllOtherExpensesGrp/TotalAmt04851
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0R SCOTT SATTERFIELD
IRS990/BooksInCareOfDetail/PhoneNum09107638414
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01739 HEWLETT DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WILMINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028405
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0538633
IRS990/CashNonInterestBearingGrp/EOYAmt0572890
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0472751
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt015808
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02016
IRS990/CYOtherExpensesAmt0212384
IRS990/CYOtherRevenueAmt027864
IRS990/CYProgramServiceRevenueAmt0963222
IRS990/CYRevenuesLessExpensesAmt0-25852
IRS990/CYSalariesCompEmpBnftPaidAmt0806570
IRS990/CYTotalExpensesAmt01018954
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0993102
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0326457
IRS990/DeferredRevenueGrp/EOYAmt0337390
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt07622
IRS990/Desc0WBD ACTIVELY ENGAGES IN INTERNAL AND EXTERNAL MARKETING AND ADVOCACY THAT EFFECTIVELY PROMOTES AND IMPROVES THE REGION, ITS ECONOMIC ASSETS, BUSINESS INTERESTS, AND QUALITY OF LIFE. KEY INITIATIVES ARE BUSINESS CLIMATE ADVOCACY, PRIVATE-SECTOR LEADERSHIP DEVELOPMENT, ALLY & PARTNERSHIP DEVELOPMENT, AND INTERNAL OUTREACH & EDUCATION.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt014000
IRS990/FeesForServicesOtherGrp/TotalAmt050784
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1450.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1159349
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1415687
IRS990/Form990PartVIISectionAGrp/PersonNm0JACK BARTO
IRS990/Form990PartVIISectionAGrp/PersonNm1BILL CHERRY
IRS990/Form990PartVIISectionAGrp/PersonNm2KEN DULL
IRS990/Form990PartVIISectionAGrp/PersonNm3BILL SAFFO
IRS990/Form990PartVIISectionAGrp/PersonNm4DICKSON MCLEAN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLES ROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm7MIKE WILKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm8MITCH KEEL
IRS990/Form990PartVIISectionAGrp/PersonNm9FRED SAMZ
IRS990/Form990PartVIISectionAGrp/PersonNm10SABRINA STEPHENS
IRS990/Form990PartVIISectionAGrp/PersonNm11R SCOTT SATTERFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm12PATRICIA KUSEK
IRS990/Form990PartVIISectionAGrp/PersonNm13CHARLES MATTOX
IRS990/Form990PartVIISectionAGrp/PersonNm14BILLY KING
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11407714
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14125704
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3EX-OFFICIO DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EX-OFFICIO DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12EX-OFFICIO DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EX-OFFICIO DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF BUSINESS DEVEL
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01960
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt040636
IRS990/FundraisingGrossIncomeAmt068500
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01033738
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt05721
IRS990/InvestmentIncomeGrp/ExclusionAmt02016
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02016
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0107665
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029204
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021582
IRS990/LandBldgEquipCostOrOtherBssAmt0129247
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0494592
IRS990/NetAssetsOrFundBalancesEOYAmt0468740
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt027864
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt027864
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt037075
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0300000
IRS990/OtherAssetsTotalGrp/EOYAmt0300000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024147
IRS990/OtherExpensesGrp/Desc0CLIENT & PROGRAM DEVEL.
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt048837
IRS990/OtherExpensesGrp/TotalAmt18248
IRS990/OtherExpensesGrp/TotalAmt25567
IRS990/OtherExpensesGrp/TotalAmt34930
IRS990/OtherSalariesAndWagesGrp/TotalAmt0251633
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt032862
IRS990/PensionPlanContributionsGrp/TotalAmt025177
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04260
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04762
IRS990/PrincipalOfficerNm0R SCOTT SATTERFIELD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT SERVICES INCO
IRS990/ProgramServiceRevenueGrp/Desc2OTHER MEMBER SUPPORT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0553348
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1403093
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0553348
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1403093
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26781
IRS990/ProgSrvcAccomActy2Grp/Desc0WBD ENDEAVORS TO SUPPORT EXISTING CORPORATE RESIDENTS OF GREATER WILMINGTON AND THE JOBS THEY REPRESENT. KEY INITIATIVES ARE FEEDBACK & INTELLIGENCE GATHERING, LOCATION SERVICE DELIVERY, AND CLUSTER DEVELOPMENT.
IRS990/ProgSrvcAccomActy3Grp/Desc0WBD AGGRESSIVELY DEPLOYS OUTREACH TOOLS IN GLOBALLY 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 PROGRAM PARTICIPATION.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01445
IRS990/PYOtherExpensesAmt0243456
IRS990/PYOtherRevenueAmt031511
IRS990/PYProgramServiceRevenueAmt01014139
IRS990/PYRevenuesLessExpensesAmt0137709
IRS990/PYSalariesCompEmpBnftPaidAmt0665930
IRS990/PYTotalExpensesAmt0909386
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01047095
IRS990/ReconcilationRevenueExpnssAmt0-25852
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062381
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062381
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01018954
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021582
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt045284
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt066866
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0300000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH DESIGNATED FOR OPERATIONAL RESERVE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0993102
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSTIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE YEARS 2014 THROUGH 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021582
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0300000
IRS990ScheduleD/TotalExpensesPerForm990Amt01018954
IRS990ScheduleD/TotalRevenuePerForm990Amt0993102
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0993102
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01018954
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt01950
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01950
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040636
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt068500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt068500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt068500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt068500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt027864
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt019616
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt019616
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt019070
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019070
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0264098
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0119616
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt028977
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt030372
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt024000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0R SCOTT SATTERFIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0467063
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE CEO BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS, MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO'S ACCOMPLISHMENTS AND PERFORMANCE IS EVALUATED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. A MEMORANDUM WAS PREPARED BY THE CHAIRMAN OF THE BOARD REGARDING THE CEO'S PERFORMANCE REVIEW AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0922521
IRS990/TotalAssetsEOYAmt0916658
IRS990/TotalAssetsGrp/BOYAmt0922521
IRS990/TotalAssetsGrp/EOYAmt0916658
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt01018954
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0427929
IRS990/TotalLiabilitiesEOYAmt0447918
IRS990/TotalLiabilitiesGrp/BOYAmt0427929
IRS990/TotalLiabilitiesGrp/EOYAmt0447918
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0494592
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0468740
IRS990/TotalOtherCompensationAmt075036
IRS990/TotalProgramServiceRevenueAmt0963222
IRS990/TotalReportableCompFromOrgAmt0533418
IRS990/TotalRevenueGrp/ExclusionAmt029880
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0963222
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0993102
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0922521
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0916658
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08941
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0494592
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0468740

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$916,658
Liabilities
$447,918
Net assets
$468,740
Revenue
$993,102
Expenses
$1,018,954
Net income
-$25,852
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$1.60$1.33$0.26
2023Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$1.50$1.31$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.64$0.71$0.93$1.34$1.10$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.67$0.69$1.08$0.99$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.53$0.59$1.08$1.07$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.45$0.58$1.11$1.10$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.42$0.58$1.08$0.97$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.45$0.47$0.99$1.02$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.43$0.49$1.05$0.91$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.44$0.36$1.00$0.87$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.43$0.23$0.99$0.94$0.05
2013Summary only. Only limited summary data is available for this year.$0.56$0.38$0.18$0.88$0.90$0.03
2012Summary only. Only limited summary data is available for this year.$0.50$0.30$0.21$0.81$0.83$0.02
2011Summary only. Only limited summary data is available for this year.$0.46$0.23$0.22$0.75$0.87$0.11