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Organizations Business Finance Group Inc.

Business Finance Group Inc.

Fiscal year ending 2024. Filed on February 15, 2025.

3930 Pender Drive 300
Fairfax, Virginia 22030

Business Finance Group Inc. (EIN: 54-1193174) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Business Finance Group Inc., a 501(c)(6) business league, reported compensation for 6 out of 25 total employees. Among the employees shown here, the average compensation is $252,969. The highest compensated employee at Business Finance Group Inc. is Richard Frank with fiscal year 2024 compensation of $424,818.

Revenue, expenses, and employee compensation

Revenue

$5,053,546

Expenses

$4,704,515

Employee compensation

$3,838,131
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Frank
President and Chief Executive Officer
$424,818
$412,998 No related comp$11,820
Gerald Baroudi
SR VICE President/Loan of
$287,972
$277,958 No related comp$10,014
Angela Smith
SR VICE President,Service
$219,582
$211,176 No related comp$8,406
Melissa Burroughs
Vp/Loan Officer
$198,432
$190,631 No related comp$7,801
Marc Ohler
Chief Credit Officer
$197,018
$191,311 No related comp$5,707
Sharon Masin
Director, Finance and ACC
$189,991
$182,726 No related comp$7,265

Benchmark Employee Compensation

Non-Employee Board Members

Al Garcia
Director
Carl Hairston
Secretary
Deborah Minor
Director
Helen Propheter
Assistant Secretary
James Scanlon
Director
Jennifer Jones
Director
John Baiocco
Director
John J Young
Assistant Treasurer
Joseph B Humphries
Treasurer
Michael W Clarke
Director
Sarah Devoe
Chair
Scot R Browning
Vice Chair

Mission Statement

OUR MISSION IS TO HELP SMALL BUSINESSES SUCCEED THROUGH CREATIVE FINANCING SOLUTIONS DEVELOPED BY A QUALIFIED AND EXPERT TEAM OF PROBLEM SOLVERS. WE FOCUS ON STRENGTHENING COMMUNITIES AND PROMOTING ECONOMIC DEVELOPMENT THROUGH THE GROWTH OF OUR SMALL BUSINESS BORROWERS AS WELL AS THROUGH COMMUNITY SERVICE PROJECTS. WE PROVIDE OUTSTANDING CUSTOMER SERVICE TO OUR SMALL BUSINESSES AND OUR LENDING PARTNERS. WE FOSTER A WORK ENVIRONMENT THAT VALUES AND RESPECTS OUR STAFF.

Revisions to this organization profile

February 15, 2025:
2024 Business Finance Group Inc. 990 filed
February 12, 2024:
2023 Business Finance Group Inc. 990 filed
February 14, 2023:
2022 Business Finance Group Inc. 990 filed

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