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The Nussbaum Center For Entrepreneurship Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561577495 ✦ Greensboro, NC ✦ Designated as a 501(c)(3)

Overview

What is The Nussbaum Center For Entrepreneurship Inc?

The Nussbaum Center for Entrepreneurship Inc, situated in Greensboro, North Carolina, is a nonprofit organization dedicated to fostering economic growth and social welfare in the local area. Their primary mission is to support and assist emerging and startup enterprises by offering low-cost, furnished office and light manufacturing spaces. This nonprofit provides essential shared services such as a receptionist, consulting, and secretarial assistance. By aiding these new businesses in becoming successful entities, the center contributes to enhanced employment opportunities and other economic benefits within the Greater Greensboro area.


Official website here: www.nussbaumcfe.com

Is The Nussbaum Center For Entrepreneurship Inc legitimate?

The Nussbaum Center For Entrepreneurship Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nussbaum Center For Entrepreneurship Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $104,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,268

For more financial information, click here


Official website here: www.nussbaumcfe.com

What is the mission statement of The Nussbaum Center For Entrepreneurship Inc?

The Nussbaum Center for Entrepreneurship Inc is dedicated to fostering economic development and improving social welfare, with a particular focus on supporting and aiding the growth and development of small businesses. The center operates an incubator facility, providing low-cost, furnished office and light manufacturing space to emerging and startup enterprises. In addition, they offer shared support services such as receptionist, consulting, and secretarial assistance. By assisting these new businesses in becoming successful entities, the center contributes to enhanced employment opportunities and other economic benefits in the surrounding area.


Official website here: www.nussbaumcfe.com

Who is the CEO of The Nussbaum Center For Entrepreneurship Inc?

Sam Funchess is the Board Chair of The Nussbaum Center For Entrepreneurship Inc. The CEO's salary of The Nussbaum Center For Entrepreneurship Inc is $24,627 and their total compensation is $24,627.


Official website here: www.nussbaumcfe.com

What is the revenue of The Nussbaum Center For Entrepreneurship Inc?

The Nussbaum Center For Entrepreneurship Inc's revenue in 2022 was $738,990.


Official website here: www.nussbaumcfe.com

Who are the executives of The Nussbaum Center For Entrepreneurship Inc and what are their salaries?

The average compensation at The Nussbaum Center For Entrepreneurship Inc during 2022 was $18,637. There are 9 employees at The Nussbaum Center For Entrepreneurship Inc.

Here are 16 key members and their salaries (The Nussbaum Center For Entrepreneurship Inc's CEO's salary is $24,627 and their total compensation is $24,627):

    Lisa Hazlett (President)
  • Compensation: $79,837
  • Related: $0
  • Other: $0

    • Sam Funchess (Chief Executive Officer)
  • Compensation: $24,627
  • Related: $0
  • Other: $0

    • Barry Frank (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Lothian (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zac Engle (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Collins (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Benjamin Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Melvin Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Younce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Leighty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wilson Lester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacqueline Mccracken (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Johnny Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barry Church (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Moon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nussbaumcfe.com

    Where can I find the form 990 for The Nussbaum Center For Entrepreneurship Inc?

    The The Nussbaum Center For Entrepreneurship Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nussbaumcfe.com

    Learn more at the official website: www.nussbaumcfe.com

    Mission Statement of The Nussbaum Center For Entrepreneurship Inc

    The Nussbaum Center for Entrepreneurship Inc is dedicated to fostering economic development and enhancing social welfare in its surrounding areas, with a particular focus on supporting and aiding the growth and development of small businesses. In pursuit of this mission, the center operates an incubator facility that provides low-cost, furnished office and light manufacturing space to emerging and start-up enterprises. This assistance is further extended through shared support services such as receptionist, consulting, and secretarial services. By helping these new businesses thrive and become successful entities, The Nussbaum Center for Entrepreneurship Inc contributes to increased employment opportunities and various economic benefits within the greater community.

    Impact

    This information is meant to be a general summary of The Nussbaum Center For Entrepreneurship Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Nussbaum Center For Entrepreneurship Inc has made a significant impact on the economic development and social welfare of Greensboro and surrounding areas. By operating an incubator facility, the center supports non-retail emerging and start-up enterprises by providing low-cost, furnished office and light manufacturing space, along with shared support services such as receptionist, consulting, and secretarial services. Through this assistance, the center enables new businesses to thrive, leading to enhanced employment opportunities and other economic benefits for the Greater Greensboro area. This initiative contributes to community improvement by fostering the growth and development of small businesses and ultimately boosting the local economy.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-1,717
  • Program Service Revenue: $627,135
  • Gross Receipts: $740,831

    • Assets and Liabilities:
  • Total Assets: $7,131,350
  • Total Liabilities: $2,076,920
  • Net Assets: $5,054,430
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE FEES

    Revenue

    $568,490

    TELEPHONE & INTERNET F

    Revenue

    $57,520

    EASE PROGRAM SERVICE F

    Revenue

    $1,125

    Organization Details

    Founding Year

    1987

    Principal Officer

    Sam Funchess

    Main Address

    1451 S ELM-EUGENE STREET BOX 35, GREENSBORO, NC, 27406

    NTEE Category

    Code: S43Z - Community improvement

    If you are a representative of The Nussbaum Center For Entrepreneurship Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.