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BUSINESS EXPANSION FUNDING CORP

EIN 56-1434029 CHARLOTTE, NC

Revenue 2024
$4,049,362
Expenses 2024
$3,713,914

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
5970 FAIRVIEW RD STE 218

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Elaine Fairman

    Executive Dir.

    Total calculated
    $314,221
    From this org
    $286,018
    From related orgs
    $0
    Other
    $28,203
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,518
    Bonus
    $85,500
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $28,203
    Filer's total
    $314,221

  • Louis Rogers III

    Busines Dev. Off.

    Total calculated
    $227,751
    From this org
    $204,703
    From related orgs
    $0
    Other
    $23,048
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $131,266
    Bonus
    $73,437
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $23,048
    Filer's total
    $227,751

  • Greg Simmons

    Busines Dev. Off.

    Total calculated
    $214,044
    From this org
    $184,187
    From related orgs
    $0
    Other
    $29,857
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $131,266
    Bonus
    $52,921
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $29,857
    Filer's total
    $214,044

  • Cynthia Kiker

    Closing Manager

    Total calculated
    $144,973
    From this org
    $121,181
    From related orgs
    $0
    Other
    $23,792
    Hours/week
    50

  • Heather L Newgreen

    Portfolio Manager

    Total calculated
    $129,105
    From this org
    $114,193
    From related orgs
    $0
    Other
    $14,912
    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

  • Mitch Sells

    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 — 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $4,049,362
    Expenses
    $3,713,914
    Contributions
    $264,261
    Grants paid
    $0
  • 2023
    Revenue
    $3,684,649
    Expenses
    $3,151,547
    Contributions
    $182,856
    Grants paid
    $0
  • 2022
    Revenue
    $3,841,989
    Expenses
    $2,618,652
    Contributions
    $560,848
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.