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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations 504 Capital Corporation

504 Capital Corporation

Fiscal year ending 2024. Filed on February 10, 2025.

501 Independence Parkway 330
Chesapeake, Virginia 23320

504 Capital Corporation (EIN: 54-1239624) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, 504 Capital Corporation, a 501(c)(6) business league, reported compensation for 4 out of 9 total employees. Among the employees shown here, the average compensation is $213,358. The highest compensated employee at 504 Capital Corporation is Brent Swanson with fiscal year 2024 compensation of $336,417. 504 Capital Corporation changed its name from Tidewater Business Financing Corporation in 2019.

Revenue, expenses, and employee compensation

Revenue

$2,685,861

Expenses

$1,956,998

Employee compensation

$1,431,042
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brent Swanson
President
$336,417
$310,417 No related comp$26,000
Christopher J Topping
Business Development Officer
$212,083
$212,083 No related compNo other comp
Laura M Sawyer
Underwriter
$157,933
$148,333 No related comp$9,600
Kara E Cournoyer
Operations Officer
$147,000
$147,000 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

David S Jolley
Director
Florence G Kingston
Director
Joseph L Barnes Jr
Treasurer
Phil Smith
Director
Tara F Saunders
Secretary

Mission Statement

TO PROVIDE SMALL BUSINESS ADMINISTRATION SECTION 504 LOANS.

Revisions to this organization profile

February 10, 2025:
2024 504 Capital Corporation 990 filed
April 2, 2024:
2023 504 Capital Corporation 990 filed
March 29, 2023:
2022 504 Capital Corporation 990 filed

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