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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 Employment Chesapeake Business Finance Corp.

Chesapeake Business Finance Corp.

Fiscal year ending 2024. Filed on September 30, 2025.

4701 Sangamore Rd 100n
Bethesda, Maryland 20816

Chesapeake Business Finance Corp. (EIN: 52-2239603) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Chesapeake Business Finance Corp., a 501(c)(4) civic league or social welfare organization, reported compensation for 2 out of 2 total employees. Among the employees shown here, the average compensation is $250,384. The highest compensated employee at Chesapeake Business Finance Corp. is John Sower with fiscal year 2024 compensation of $399,713.

Revenue, expenses, and employee compensation

Revenue

$888,855

Expenses

$825,978

Employee compensation

$525,785
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Sower
President and Secretary, EBM
$399,713
$399,713 No related compNo other comp
Thomas Turner
Vice President
$101,055
$101,055 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Heck
Executive Board Member
Cedric L Spruill
Executive Board Member
David Shikles
Executive Board Member
Frederick Schultz
Executive Board Member
Gary W Thomas
Executive Board Member
John W Byrne
Executive Board Member
Malcolm Marshall
Executive Board Member
Wilbur Dove
Executive Board Member

Mission Statement

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.

Revisions to this organization profile

September 30, 2025:
2024 Chesapeake Business Finance Corp. 990 filed
June 7, 2024:
2023 Chesapeake Business Finance Corp. 990 filed
August 9, 2023:
2022 Chesapeake Business Finance Corp. 990 filed

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