Mission
TO PROVIDE ASSISTANCE TO SMALL BUSINESSES TO OBTAIN CAPITAL FOR THEIR GROWTH AND EXPANSION IN ACCORDANCE WITH THE UNITED STATES SMALL BUSINESS ADMINISTRATION.
Public Charity
CHESAPEAKE BUSINESS FINANCE CORP
CHESAPEAKE BUSINESS FINANCE CORP is a nonprofit organization categorized as Public Charity based in BETHESDA, MD. Its most recent IRS filing (2024) reports revenue of $889K, expenses of $826K, total assets of $864K.
EIN: 522239603
BETHESDA, MD
Fund Raising & Fund Distribution
NTEE: J12
Latest filing: 2024
Total Revenue$889K
Total Expenses$826K
Total Assets$864K
Grant Records0
Filing Years2020–2024
Where $100 goes at Chesapeake Business Finance Corp
How Chesapeake Business Finance Corp divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$76
Programs
the work itself
$24
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $76 for programs
$76
Issue u.S
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
EXECUTIVE BOARD MEMBER
Andrew Heck
EXECUTIVE BOARD MEMBER
Cedric L Spruill
EXECUTIVE BOARD MEMBER
David Shikles
EXECUTIVE BOARD MEMBER
Frederick Schultz
EXECUTIVE BOARD MEMBER
Gary W Thomas
PRESIDENT & SECRETARY, EBM
John Sower
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $889K | $826K | $864K |
| 2023 | $734K | $742K | $706K |
| 2022 | $748K | $720K | $689K |
| 2021 | $801K | $782K | $705K |
| 2020 | $819K | $743K | $688K |
Between 2020 and 2024, reported annual revenue grew from $819K to $889K (+8%), with total assets most recently reported at $864K.
Interactive year-over-year charts and full filing details available with membership.