NonprofitsChesapeake Business Finance Corp

Employment

Chesapeake Business Finance Corp

BETHESDA, MD

Total revenue

$889K

Total expenses

$826K

Net assets

$714K

Grants received

EIN

522239603

Tax year

2024

Mission

Chesapeake business finance corp ("chesapeake") is a private non-profit corporation licensed by the u.s. Small business administration ("sba") to make sba 504 loans to businesses in maryland, dc, southern delaware, northern virginia, and eastern west virginia.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$699K
Investment income$22K
Other revenue$168K
Total revenue$889K

Expenses

Grants paid
Salaries & benefits$526K
Fundraising
Other expenses$300K
Total expenses$826K
Total assets$864K
Net assets$714K

People

10 listed

NameRoleCompensation

JOHN SOWER

PRESIDENT & SECRETARY, EBM

Board

$400K

50 hrs/wk

THOMAS TURNER

VICE PRESIDENT

Board

$101K

40 hrs/wk

CEDRIC L SPRUILL

EXECUTIVE BOARD MEMBER

Board

0.3 hrs/wk

DAVID SHIKLES

EXECUTIVE BOARD MEMBER

Board

0.2 hrs/wk

FREDERICK SCHULTZ

EXECUTIVE BOARD MEMBER

Board

0.2 hrs/wk

GARY W THOMAS

EXECUTIVE BOARD MEMBER

Board

0.3 hrs/wk

JOHN W BYRNE

EXECUTIVE BOARD MEMBER

Board

0.3 hrs/wk

MALCOLM MARSHALL

EXECUTIVE BOARD MEMBER

Board

0.2 hrs/wk

WILBUR DOVE

EXECUTIVE BOARD MEMBER

Board

0.3 hrs/wk

ANDREW HECK

EXECUTIVE BOARD MEMBER

Board

0.3 hrs/wk

Details

EIN522239603
NTEE codeJ129
Subsection04
Ruling date2001-02
Formed1998
Employees2
Volunteers9
CHESAPEAKE BUSINESS FINANCE CORP — Mission, Financials & Grants Received | Grantivo