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Worcester Business Development Corporation

Social welfare
Social Welfare / Advocacy · WORCESTER, MA · EIN 04-2381829

About

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.

Donations are NOT tax-deductible
Category
Social Welfare / Advocacy
Employees
12
Volunteers
—

Financial Snapshot

FY ending 2024-12-31
Revenue
$2.0M
Expenses
$1.7M
Assets
$18.9M
Liabilities
$967K

Financial history

$2.8M$1.4M$0
161718192021222324
RevenueExpenses
Latest FY2024: $2.0M · Peak FY2016: $2.8M · Avg: $1.9M
WORCESTER BUSINESS DEVELOPMENT CORPORATION
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Address

89 Shrewsbury ST STE 300
Worcester, MA, 01604-000

Governance

Voting board members25
Independent members24
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %100.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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IRS Tax Exempt Organization Search ↗
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