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Organizations Business Finance Group Inc.

Business Finance Group Inc.

Fiscal year ending 2023. Filed on February 12, 2024.

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 2023 IRS Form 990 filing, Business Finance Group Inc., a 501(c)(6) business league, reported compensation for 6 out of 31 total employees. Among the employees shown here, the average compensation is $238,129. The highest compensated employee at Business Finance Group Inc. is Richard Frank with fiscal year 2023 compensation of $415,720.

Revenue, expenses, and employee compensation

Revenue

$4,675,831

Expenses

$4,467,830

Employee compensation

$3,617,781
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Frank
President and Chief Executive Officer
$415,720
$402,095 No related comp$13,625
Angela Smith
Senior Vice President, Servic
$216,379
$208,096 No related comp$8,283
Gerald Baroudi
SR VICE President/Loan of
$214,510
$206,279 No related comp$8,231
Jason Paisley
SR VICE President/Loan of
$205,635
$197,746 No related comp$7,889
Marc Ohler
Chief Credit Officer
$193,222
$187,758 No related comp$5,464
Sharon Masin
Director, Finance and ACC
$183,305
$176,294 No related comp$7,011

Benchmark Employee Compensation

Non-Employee Board Members

Carl Hairston
Director
Deborah Minor
Director
Helen Propheter
Assistant Secretary
James Scanlon
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
Susan Banks
Director
T Sean E Rogstad
Former 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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