Nussbaum Center For Entrepreneurship Inc

Organization Overview

Nussbaum Center For Entrepreneurship Inc is located in Greensboro, NC. The organization was established in 1988. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nussbaum Center For Entrepreneurship Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nussbaum Center For Entrepreneurship 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 12/2021, Nussbaum Center For Entrepreneurship Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $861.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATES AN INCUBATOR FACILITY TO ASSIST NON-RETAIL EMERGING AND START-UP ENTERPRISES BY PROVIDING LOW COST, FURNISHED OFFICE AND LIGHT MANUFACTURING SPACE ALONG WITH SHARED SUPPORT SERVICES INCLUDING RECEPTIONIST, CONSULTING, AND SECRETARIAL SERVICES. BY ASSISTING THESE NEW BUSINESSES IN BECOMING SUCCESSFUL ENTITIES, THE CENTER OFFERS ENHANCED EMPLOYMENT OPPORTUNITES AND OTHER ECONOMIC BENEFITS TO THE GREATER GREENSBORO AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Sam Funchess
President
$98,058
Clay Howard
Vice President
$66,790
Barry Frank
Board Chair
$0
George Lothian
Board Vice Chair
$0
Zac Engle
Treasurer
$0
Deven Murrell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$506,907
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$506,907
Total Program Service Revenue$617,476
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,124,383

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Nussbaum Center For Entrepreneurship Inc has recieved totaling $970,432.

Awarding OrganizationAmount
Community Foundation Of Greater Greensboro Inc

Greensboro, NC

PURPOSE: GENERAL SUPPORT

$335,000
Stanley & Dorothy Frank Family Foundation

Greensboro, NC

PURPOSE: GENERAL SUPPORT

$310,000
$200,000
The Cemala Foundation Inc

Greensboro, NC

PURPOSE: GENERAL OPERATING SUPPORT

$100,000
Greater Cincinnati Foundation

Cincinnati, OH

PURPOSE: GENERAL PURPOSE

$15,400
$10,000
View Grant Recipient Profile

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