2023-12-22T11:53:04-06:00 2023-06-30 540737372 PBMARES LLP 300 N 3RD ST 5TH FLOOR WILMINGTON NC 28401 990 2022-07-01 560636999 WILMINGTON BUSINESS DEVELOPMENT WILM 9107638414 P O BOX 1698 WILMINGTON NC 28402 R SCOTT SATTERFIELD CEO 9107638414 2023-12-22 1 R SCOTT SATTERFIELD 999009999 1 EDWARD T YODER CPA P00239134 9107629671 2023-12-22 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z R SCOTT SATTERFIELD P O BOX 1698 WILMINGTON NC 28402 1579530 0 X WWW.WILMINGTONBUSINESSDEVELOPMENT.COM X 1960 NC TO ATTRACT INDUSTRY TO THE WILMINGTON AREA. 14 13 4 13 0 0 94163 0 1207976 1548203 3114 11327 36818 -55480 1342071 1504050 0 0 0 0 932201 1027734 0 0 0 164456 282243 1096657 1309977 245414 194073 1640676 1928213 708617 0 932059 1928213 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. 0 0 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. 0 0 0 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 4 1 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X R SCOTT SATTERFIELD 9107638414 1739 HEWLETT DRIVE WILMINGTON NC 28405 R SCOTT SATTERFIELD CEO/SECRETARY 40.00 X X 482347 0 44785 FRED SAMZ CHAIRMAN 0.20 X 0 0 0 TIM MILAM VICE CHAIRMAN 0.20 X 0 0 0 MICHAEL MCWHORTER TREASURER 0.20 X 0 0 0 WILMA DANIELS DIRECTOR 0.20 X 0 0 0 DAVID HONEYCUTT DIRECTOR 0.20 X 0 0 0 BILL KING DIRECTOR 0.20 X 0 0 0 MICHAEL YOUNGBLOOD DIRECTOR 0.20 X 0 0 0 JEFF ROOKS DIRECTOR 0.20 X 0 0 0 JAY MCGRADY DIRECTOR 0.20 X 0 0 0 BILL RIVENBARK EX-OFFICIO DIRECTOR 0.20 X 0 0 0 BILL SAFFO EX-OFFICIO DIRECTOR 0.20 X 0 0 0 WENDEE FLETCHER-HARDEE EX-OFFICIO DIRECTOR 0.20 X 0 0 0 STEPHANIE LANIER EX-OFFICIO DIRECTOR 0.20 X 0 0 0 CLIFF PYRON JR DIRECTOR OF BUSINESS DEVEL 40.00 X 169167 0 16231 651514 0 61016 2 0 1 0 0 MEMBERSHIP DUES 900099 838000 838000 CONTRACT SERVICES INCO 900099 709891 709891 OTHER MEMBER SUPPORT 900099 312 312 1548203 11327 11327 20000 75480 -55480 -55480 1504050 1548203 0 -44153 533689 315361 95061 43601 40022 130525 30340 4264 41284 5376 875 CLIENT & PROGRAM DEVEL. 45958 REPAIRS & MAINTENANCE 10273 SUPPLIES 3762 TELEPHONE 3646 5940 1309977 1304743 1076688 501453 2417 4762 109677 0 9470 109677 319284 240395 1640676 1928213 203492 505125 708617 0 X 632059 1928213 300000 0 932059 1928213 1640676 1928213 X 194073 802081 X X 0 1 X 1 0 0 1 0 69248 69248 40429 40429 109677 CASH DESIGNATED FOR OPERATIONAL RESERVE 106525 CERTIFICATE OF DEPOSIT - UNDESIGNATED 133870 240395 X 1579530 75480 75480 1504050 0 1504050 1385457 75480 75480 1309977 0 1309977 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 75,480. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 75,480. GOLF TOURNAMENT 20000 20000 75480 20000 20000 75480 75480 -55480 X X 1 1 X 0 0 0 R SCOTT SATTERFIELD CEO/SECRETARY 307500 0 150000 0 24847 0 18450 0 26335 0 527132 0 0 0 CLIFF PYRON JR DIRECTOR OF BUSINESS DEVEL 149167 0 20000 0 0 0 10150 0 6081 0 185398 0 0 0 PART I, LINE 1A TYPE OF BENEFIT: SOCIAL CLUB DUES LISTED PERSON WHO RECEIVED BENEFIT: R. SCOTT SATTERFIELD, CEO ALL SOCIAL CLUB DUES ARE TREATED AS TAXABLE COMPENSATION TO THE LISTED PERSON. THE BOARD OF DIRECTORS HAS DETERMINED THAT A SOCIAL CLUB MEMBERSHIP IS NEEDED TO PROVIDE THE APPROPRIATE ENVIRONMENT FOR MEETINGS WITH BUSINESS RELOCATION PROSPECTS, OTHER KEY STAKEHOLDERS AND THE MEMBERSHIP. THE FACILITY CURRENTLY IDENTIFIED DOES NOT ACCEPT BUSINESS MEMBERSHIPS. THEREFORE, THE CHIEF EXECUTIVE OFFICER IS THE DESIGNATED CLUB MEMBER FOR THIS PURPOSE AND OTHER REPORTABLE COMPENSATION INCLUDES HIS MEMBERSHIP DUES AS GROSSED UP FOR INCOME TAX PURPOSES. 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. THE COMMITTEE CONSIDERS AVAILABLE MARKET INFORMATION AND OTHER RELEVANT DATA. 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 THE GOVERNING DOCUMENTS, CONFILICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING METHOD 802,081.