NonprofitsBusiness Expansion Funding Corp

Business Expansion Funding Corp

CHARLOTTE, NC

Total revenue

$3.7M

Total expenses

$3.2M

Net assets

$5.5M

Grants received

$550K

2 grants

EIN

561434029

Tax year

2023

Mission

See Schedule O

Financials

FY 2023

Revenue

Contributions & grants$183K
Program service revenue$3.4M
Investment income$75K
Other revenue
Total revenue$3.7M

Expenses

Grants paid
Salaries & benefits$2.7M
Fundraising
Other expenses$492K
Total expenses$3.2M
Total assets$6.9M
Net assets$5.5M

People

16 listed

NameRoleCompensation

Elaine Fairman

Executive Dir.

Board

$278K

50 hrs/wk

Joe Mynatt

Director

Board

0.5 hrs/wk

Kelly Love-Sayasithsena

Director

Board

0.5 hrs/wk

Sheldon Hilaire

Director

Board

0.5 hrs/wk

Brian Huber

Treasurer

Board

0.5 hrs/wk

Tim Key

Board Chair

Board

1 hrs/wk

Fernando Ycaza

Director

Board

0.5 hrs/wk

Thomas McTier

Director

Board

0.5 hrs/wk

Tamara Bryant

Director

Board

0.5 hrs/wk

Maggie Braun

Director

Board

0.5 hrs/wk

Tom Davis

Director

Board

0.5 hrs/wk

Tracie Sells

Director

Board

0.5 hrs/wk

Louis Rogers III

Busines Dev. Off.

Staff

$194K

54 hrs/wk

Greg Simmons

Busines Dev. Off.

Staff

$170K

54 hrs/wk

Kyle Newgreen

Busines Dev. Off.

Staff

$111K

50 hrs/wk

Cynthia Kiker

Closing Manager

Staff

$107K

50 hrs/wk

Independent contractors

Fairview Plaza

Property Mgmt/Rent

$115K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$50K
CDFI CAPACITY BUILDING PROGRAM GRANTS
2023
$500K
CDFI CAPACITY BUILDING PROGRAM GRANTS
2022

Funded by

$550K from 1 funder · 2 grants · 2022–2023

Rural Economic Development Center Inc

$550K · 2 grants · 2022–2023

Details

EIN561434029
Subsection03
Ruling date1988-11
Formed1982
Employees27
BUSINESS EXPANSION FUNDING CORP — Mission, Financials & Grants Received | Grantivo