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Nonprofiteer
← BUSINESS EXPANSION FUNDING CORP

Form 990 for tax year 2022

Filed by BUSINESS EXPANSION FUNDING CORP.

Totals

Total revenue
$3,841,989
Total expenses
$2,618,652
Contributions and grants received
$560,848
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$2,302,591
Management and general expenses
$316,061
Fundraising expenses
$0
Program service expenses (Part III)
$2,302,591

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Elaine Fairman

    Executive Dir.

    Total calculated
    $263,038
    From this org
    $240,064
    From related orgs
    $0
    Other
    $22,974
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $165,964
    Bonus
    $74,100
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $22,974
    Filer's total
    $263,038

  • Greg Simmons

    Busines Dev. Off.

    Total calculated
    $200,269
    From this org
    $177,600
    From related orgs
    $0
    Other
    $22,669
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $103,525
    Bonus
    $74,075
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $22,669
    Filer's total
    $200,269

  • Louis Rogers III

    Busines Dev. Off.

    Total calculated
    $200,009
    From this org
    $182,193
    From related orgs
    $0
    Other
    $17,816
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $112,973
    Bonus
    $69,220
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $17,816
    Filer's total
    $200,009

  • Cynthia Kiker

    Closing Manager

    Total calculated
    $109,470
    From this org
    $104,069
    From related orgs
    $0
    Other
    $5,401
    Hours/week
    50

  • Joe Mynatt

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Love-Sayasithsena

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Sheldon Hilaire

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Huber

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Key

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Fernando Ycaza

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas McTier

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tamara Bryant

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Maggie Braun

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Davis

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tracie Sells

    Director

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202431179349300103

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