Chesapeake Business Finance Corp
Revenue
$889k
year to 31 December 2024
Expenses
$826k
year to 31 December 2024
Total assets
$864k
$151k liabilities
Net assets
$714k
assets less liabilities
Directors and trustees
9
8.3 years on average
Staff
2
9 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
1
named in Part VII
Chesapeake Business Finance Corp's network
9 people3 organisationsi9 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (9). Violet dotted lines (3) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
9 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 9 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Andrew Heck | Executive Board Member | 2019 | 7 yrs |
| Cedric L Spruill | Executive Board Member | 2018 | 8 yrs |
| David Shikles | Executive Board Member | 2018 | 8 yrs |
| Frederick Schultz | Executive Board Member | 2018 | 8 yrs |
| Gary W Thomas | Executive Board Member | 2018 | 8 yrs |
| John Sower | President & Secretary, Ebm | 2018 | 8 yrs |
| John W Byrne | Executive Board Member | 2018 | 8 yrs |
| Malcolm Marshall | Executive Board Member | 2018 | 8 yrs |
| Wilbur Dove | Executive Board Member | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Thomas Turner | Vice President | since 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| John Sower | President & Secretary, Ebm | 50 | $400k | ||
| Thomas Turner | Vice President | 40 | $101k | ||
| Andrew Heck | Executive Board Member | 0.3 | $0 | ||
| Cedric L Spruill | Executive Board Member | 0.3 | $0 | ||
| David Shikles | Executive Board Member | 0.2 | $0 | ||
| Frederick Schultz | Executive Board Member | 0.2 | $0 | ||
| Gary W Thomas | Executive Board Member | 0.3 | $0 | ||
| John W Byrne | Executive Board Member | 0.3 | $0 | ||
| Malcolm Marshall | Executive Board Member | 0.2 | $0 | ||
| Wilbur Dove | Executive Board Member | 0.3 | $0 |
About
- Legal name
- Chesapeake Business Finance Corp
- EIN
- 522239603
- Address
- 4701 Sangamore Rd 100n, Bethesda, MD, 20816-2558
- State
- Maryland
- Mission
- To provide assistance to small businesses to obtain capital for their growth and expansion in accordance with the united states small business administration. (as filed on the Form 990)
- Activity (NTEE)
- J129 Employment
- IRS classification
- 501(c)04 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Employment
- Size band
- 5 (IRS master file code)
- Formed
- 1998
- Principal officer
- John Sower (as named on the Form 990)
- IRS ruling date
- 1 February 2001
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Longest observed on the filings
≥8years on the filingsCedric L Spruill
≥8years on the filingsDavid Shikles
≥8years on the filingsFrederick Schultz
≥8years on the filingsGary W Thomas
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $864k
- Total liabilities
- $151k
- Net assets or fund balances
- $714k
- Contributions and grants received
- $0
- Program service revenue
- $699k
- Employees
- 2
- Volunteers
- 9
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $889k | $826k | $63k |
As filed on the IRS Form 990. US dollars.