2023-07-20T14:37:10-05:00 2022-12-31 561333355 LEEPER KEAN AND RUMLEY LLP 3623 N ELM ST STE 100 GREENSBORO NC 27455 990 2022-01-01 561577495 THE NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC NUSS 3363795001 1451 S ELM-EUGENE STREET BOX 35 GREENSBORO NC 27406 SAM FUNCHESS CHIEF EXECUTIVE OFFICER 3363795001 2023-07-19 1 SAM FUNCHESS 999009999 0 MARTIN W DURRENCE P01226384 3362743700 2023-07-19 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAM FUNCHESS 1451 S ELM-EUGENE ST BOX GREENSBORO NC 27406 740831 0 X HTTPS://NUSSBAUMCFE.COM X 1987 NC FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES. 14 14 9 0 0 0 506907 113572 617476 627135 0 -1717 0 0 1124383 738990 0 0 0 0 289263 190621 0 0 37655 572219 671835 861482 862456 262901 -123466 5252016 7131350 71604 2076920 5180412 5054430 FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES. 0 0 742880 0 627135 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. 742880 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X SAM FUNCHESS 3363795001 1451 S ELM-EUGENE STREET BOX 35 GREENSBORO NC 27406 BARRY FRANK BOARD CHAIR 5.00 X X 0 0 0 GEORGE LOTHIAN BOARD VICE CHAIR 5.00 X X 0 0 0 ZAC ENGLE TREASURER 5.00 X X 0 0 0 LAURA COLLINS SECRETARY 5.00 X X 0 0 0 JOHN BENJAMIN BROWN DIRECTOR 2.00 X 0 0 0 CHARLIE MELVIN JR DIRECTOR 2.00 X 0 0 0 CHARLES YOUNCE DIRECTOR 2.00 X 0 0 0 SCOTT LEIGHTY DIRECTOR 2.00 X 0 0 0 WILSON LESTER DIRECTOR 2.00 X 0 0 0 JACQUELINE MCCRACKEN DIRECTOR 2.00 X 0 0 0 JOHNNY WOOD DIRECTOR 2.00 X 0 0 0 BARRY CHURCH DIRECTOR 2.00 X 0 0 0 ANDY SCOTT DIRECTOR 2.00 X 0 0 0 MATT MOON DIRECTOR 2.00 X 0 0 0 SAM FUNCHESS CHIEF EXECUTIVE OFFICER 40.00 1.00 X 24627 0 0 LISA HAZLETT PRESIDENT 40.00 X 79837 0 0 104464 0 0 0 0 0 0 0 113572 113572 PROGRAM SERVICE FEES 900099 568490 568490 TELEPHONE & INTERNET F 900099 57520 57520 EASE PROGRAM SERVICE F 900099 1125 1125 627135 124 124 1841 -1841 -1841 -1841 738990 627135 0 -1717 104464 34100 41190 29174 63268 55089 8131 48 9992 3497 2998 3497 12897 6888 3773 2236 536 536 12800 12800 5138 3432 1071 635 31051 31051 27954 27048 906 406084 385443 19453 1188 3341 3009 166 166 11437 10797 320 320 1521 1521 171973 167669 3913 391 862456 742880 81921 37655 482282 535695 34494 2004172 13521 12013 5695404 1121930 4714006 4573474 7713 5996 5252016 7131350 10788 34191 2004614 9407 51409 38115 71604 2076920 X 4768431 4692300 411981 362130 5180412 5054430 5252016 7131350 X -123466 -2516 X 0 1 X 0 0 X 36735 66723 221803 506907 113572 945740 854220 662787 574675 617476 627135 3336293 890955 729510 796478 1124383 740707 4282033 0 0 0 4282033 29 1 30 29 1 30 890955 729539 796478 1124383 740708 4282063 1.00000 0.95710 0.00000 0.02530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 799463 799463 2758799 719638 2039161 87667 23865 63802 2022199 378427 1643772 27276 27276 4573474 DEPOSITS 28613 CURRENT PORTION OF NOTES PAYABLE 9502 38115 X 738990 0 738990 0 738990 864972 2516 2516 862456 0 862456 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CENTER AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE CENTER HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CENTER IS NOT CURRENTLY UNDER EXAMINATION FOR ANY TAX PERIODS. GENERALLY, THE CENTER'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS AFTER THEY ARE FILED. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT & UNCOLLECTIBLE FUNDS WRITTEN OFF DURING THE CURRENT YEAR 2,516. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, SAM FUNCHESS, REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CEO, SAM FUNCHESS, MONITORS THE POLICY AND ANY CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE CEO AND PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT & UNCOLLECTIBLE FUNDS WRITTEN OFF DURING THE CURRENT YEAR -2,516. NUSSBAUM CENTER PROPERTIES LLC 1451 SOUTH ELM EUGENE STREET GREENSBORO NC 27406 561577495 INCUBATOR NC 0 2012096 NCFE INC