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BUSINESS FINANCE GROUP INC

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Public IRS 990 nonprofit record

BUSINESS FINANCE GROUP INC

EIN 54-1193174 · Chambers of Commerce & Business Leagues (S41)

What they do

OUR MISSION is to HELP SMALL BUSINESSES SUCCEED BY OFFERING SMART, FLEXIBLE FINANCING SOLUTIONS. WERE FOCUSED ON STRENGTHENING COMMUNITIES and DRIVING ECONOMIC EXPANSION THROUGH THE GROWTH of OUR BUSINESS BORROWERS. WERE COMMITTED to PROVIDING OUTSTANDING CUSTOMER SERVICE to BOTH OUR SMALL BUSINESSES and LENDING PARTNERS, and WE CREATE A WORK ENVIRONMENT THAT VALUES and RESPECTS EVERY TEAM MEMBER.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$96.94spent for every $100 of revenueRevenue covered expenses this year.
$1.78in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $438,338 for RICHARD G FRANK (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$4,855,899
Expenses$4,707,207
Annual surplus $148,692 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$4,855,899
Expenses$4,707,207
Assets$8,397,570
Income$4,855,899
Accounting fees$48,903
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
RICHARD G FRANKPRESIDENT/CEO · 40 hrs/week $438,338Base $420,498 · Other $17,840
ANGELA SMITHSR. VICE PRESIDENT,SERVICE · 40 hrs/week $228,108Base $218,417 · Other $9,691
SHARON MASINDIRECTOR, FINANCE & ACCOUNTING · 40 hrs/week $195,955Base $187,971 · Other $7,984
JASON PAISLEYLOAN OFFICER · 40 hrs/week $176,381Base $169,555 · Other $6,826
MARC OHLERCHIEF CREDIT OFFICER · 40 hrs/week $176,000Base $169,784 · Other $6,216
GERALD BAROUDISR. VICE PRESIDENT/LOAN OFFICER · 40 hrs/week $157,399Base $149,802 · Other $7,597

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

RICHARD G FRANKPRESIDENT/CEO

ANGELA SMITHSR. VICE PRESIDENT,SERVICE

SHARON MASINDIRECTOR, FINANCE & ACCOUNTING

JASON PAISLEYLOAN OFFICER

MARC OHLERCHIEF CREDIT OFFICER

GERALD BAROUDISR. VICE PRESIDENT/LOAN OFFICER

T SEAN E ROGSTADPAST CHAIR

AL GARCIADIRECTOR

SCOT R BROWNINGCHAIR

MICHAEL W CLARKEDIRECTOR

JOSEPH B HUMPHRIESTREASURER

JOHN J YOUNGASSISTANT TREASURER

JOHN BAIOCCODIRECTOR

JENNIFER JONESDIRECTOR

JAMES SCANLONDIRECTOR

HELEN PROPHETERSECRETARY

DEBORAH MINORASSISTANT SECRETARY

CARL HAIRSTONVICE CHAIR

About this charity

Recognized since
January 1983
Location
3930 PENDER DR STE 300, FAIRFAX, VA 22030-0986
County
Fairfax (city)
In care of
RICHARD G FRANK
Primary officer
RICHARD G FRANK, PRESIDENT/CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
October 1, 2024
Return type
990
Tax preparer
MANER COSTERISAN PC
NTEE classification
Chambers of Commerce & Business Leagues (S41)
IRS tax category
Chambers of Commerce & Business Leagues

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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