Compensation 990

Ocean City Development Corporation

Fiscal year ending 2025. Filed on December 19, 2025.

108 Dorchester Street
Ocean City, Maryland 21842

Ocean City Development Corporation (EIN: 52-2222484) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2025 IRS Form 990 filing, Ocean City Development Corporation, a 501(c)(3) charitable organization, reported compensation for 1 out of 7 total employees. Among the employees shown here, the average compensation is $98,854. The highest compensated employee at Ocean City Development Corporation is Zachary Bankert with fiscal year 2025 compensation of $98,854.

Revenue, expenses, and employee compensation

Revenue

$907,152

Expenses

$861,137

Employee compensation

$200,737
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

Bill Sieg
Director
Caleigh Wootten
Director
Dennis Dare
Director
Heather Morrison
Director
Igor Conev
Director
Joe Wilson
President
Michael Nolen
Director
Nancy Bradford
Director
Nick Tekmen
Director
Patrick McLaughlin
Vice President
Scott Savage
Director
Sonia Baker
Secretary

Mission Statement

THE OCEAN CITY DEVELOPMENT CORPORATION IS DEDICATED TO THE REVITALIZATION OF THE DOWNTOWN AREA OF OCEAN CITY, MARYLAND. PROGRAMS ARE DESIGNED BY THE ORGANIZATION TO FORMULATE AND IMPLEMENT LONG RANGE DEVELOPMENT STRATEGIES FOR COMMERCIAL, OFFICE, RESIDENTIAL, AND OTHER DEVELOPMENT IN THE DOWNTOWN AREA.

Revisions to this organization profile

December 19, 2025:
2025 Ocean City Development Corporation 990 filed
February 11, 2025:
2024 Ocean City Development Corporation 990 filed
March 8, 2024:
2023 Ocean City Development Corporation 990 filed

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