Nexus Leaders Inc
- Assets
- $60.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/2009
- Data as of
- 06/2024
- EIN
- 26-2444063
Organization Overview
Nexus Leaders Inc is located in Memphis, TN. The organization was established in 2009. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nexus Leaders Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Nexus Leaders Inc generated $109.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $106.0k during the year ending 06/2024. While expenses have increased by 8.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SPECIAL EVENTS ARE HELD THROUGHOUT THE YEAR IN ADDITION TO THE MONTHLY SPEAKER SESSIONS, AND ALL HAVE A FOCUSED PURPOSE. A FEW SPECIAL EVENTS INCLUDE: NEXUS NIGHT OUT ALUMNI EVENT, ADVISORY COMMITTEE MEETINGS, PROGRAM COMMITTEE AND BOARD MEETINGS, PARTNERSHIP MEETINGS, TRAINING WORKSHOPS, SERVICE PROJECTS, NEXUS NIGHT OUT ALUMNI EVENT, LUNCH SPEAKER SERIES, NEXUS IN MOTION, AND A RECRUITMENT RECEPTION; ALL SUPPORTING OUR MISSION AND FOCUSED ON THE BETTERMENT OF THE NEXUS PROGRAM AND OUR CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bathsheba Sams Board Chairman | 7 | $0 | |
Matt Gandy Board Vice Chairman | 5 | $0 | |
Amy Beth Dudley Board Member | 4 | $0 | |
Duncan Galbreath Board Member | 4 | $0 | |
Olivia Hammond Board Member | 4 | $0 | |
Damon Conley Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,614 |
| Total Program Service Revenue | $39,175 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,789 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,579 |
| Professional fees and other payments to independent contractors | $301 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8,722 |
| Other expenses | $28,424 |
| Total expenses | $106,026 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,340 |
| Other assets | $0 |
| Total assets | $60,340 |
| Total liabilities | $4,042 |
| Net assets or fund balances | $56,298 |