2024-08-14T14:14:25-05:00 2023-09-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2022-10-01 621274582 GROWTH ENTERPRISES NASHVILLE INC ASSOCIATION GROW 6152371235 PO BOX 280567 NASHVILLE TN 37228 MATT PERKINS CHAIRMAN 6152371235 2024-08-14 1 1 FRANCES E LEAHY P00713593 6152427351 2024-08-14 2022 2024-08-08 14:25:15Z NASHVILLE BUSINESS INCUBATION CENTER MATT PERKINS PO BOX 280567 NASHVILLE TN 37228 887849 0 X WWW.NBICONLINE.COM X 1987 TN AIDS IN THE GROWTH & DEVELOPMENT OF SMALL/MICROENTERPRISE BUSINESSES WITH TRAINING & OFFICE SPACE. 15 14 6 123 0 0 1660979 830596 667 20000 9 8078 9253 9946 1670908 868620 0 0 0 0 210821 537385 0 0 69591 425041 830239 635862 1367624 1035046 -499004 1802518 911012 503576 111074 1298942 799938 SMALL BUSINESS INCUBATION CENTER THAT PROVIDES BELOW MARKET RATE OFFICE SPACE AND OTHER TRAINING AND SUPPORT SERVICES TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL/MICROENTERPRISE BUSINESSES. 0 0 937486 20000 THE NASHVILLE BUSINESS INCUBATION CENTER (NBIC) HAS PLAYED A PIVOTAL ROLE IN THE SUCCESS OF 203 SMALL BUSINESSES BY PROVIDING COMPREHENSIVE SUPPORT TAILORED TO THEIR UNIQUE NEEDS. THROUGH PERSONALIZED 1:1 MENTORING, TECHNICAL AND FINANCIAL ASSISTANCE, AND ROBUST MARKETING AND WEBSITE DEVELOPMENT SERVICES, NBIC HAS EMPOWERED THESE BUSINESSES TO THRIVE IN A COMPETITIVE MARKET. BY OFFERING A HOLISTIC APPROACH TO BUSINESS GROWTH, NBIC HAS NOT ONLY FOSTERED ENTREPRENEURIAL SUCCESS BUT ALSO CONTRIBUTED TO THE ECONOMIC VITALITY OF THE NASHVILLE COMMUNITY. 937486 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 TN X ANGELA CRANE JONES 6152371235 PO BOX 280567 NASHVILLE TN 37228 MATT PERKINS CHAIRMAN 4.00 X X 0 0 0 CHARLOTTE PEACOCK TREASURER 4.00 X X 0 0 0 ANGELA CRANE JONES SECRETARY 60.00 X X 184103 0 9000 CHAD MARTIN DIRECTOR 2.00 X 0 0 0 PHILLIP MCMULLAN DIRECTOR 2.00 X 0 0 0 JJ ROSEN DIRECTOR 2.00 X 0 0 0 JARRETT STRICKLAND DIRECTOR 2.00 X 0 0 0 CHASITY FARVER DIRECTOR 2.00 X 0 0 0 EMANUEL REED DIRECTOR 2.00 X 0 0 0 BRENDA R SMITH DIRECTOR 2.00 X 0 0 0 ROB WILSON DIRECTOR 2.00 X 0 0 0 CHERELLE CORTEZ DIRECTOR 2.00 X 0 0 0 ANGELA CONNER DIRECTOR 2.00 X 0 0 0 VERONICA M CLARK DIRECTOR 2.00 X 0 0 0 DAWN MASON DIRECTOR 2.00 X 0 0 0 184103 0 9000 1 0 1 0 0 48410 507500 274686 830596 CONSULTING FEES 541610 20000 20000 20000 8078 8078 29175 48410 19229 9946 9946 868620 20000 0 18024 X 267636 214108 26764 26764 250126 118635 93899 37592 1725 1725 17898 3796 8867 5235 15155 15155 612574 508890 103684 28075 14768 13307 56822 22047 34775 43350 23539 19811 25446 20227 5219 23849 10754 13095 6332 6332 1368 1368 2437 2437 MISCELLANEOUS EXPENSE 14681 722 13959 BAD DEBT EXPENSE 150 150 1367624 937486 360547 69591 X 523477 600417 1272500 250000 5500 59650 4460 4460 1041 0 0 945 1802518 911012 35111 111074 448023 20442 0 503576 111074 X 77896 -2137 1221046 802075 1298942 799938 1802518 911012 -499004 0 X 0 1 X 0 0 X 207125 93449 785346 1660979 830596 3577495 207125 93449 785346 1660979 830596 3577495 1256430 2321065 2846 312 93 9 8078 11338 9790 1122 8678 9946 29536 3618369 622052 0.64150 0.52830 X PART II, SECTION A, LINE 1, COLUMN (D) PART II, SECTION A, LINE 1(D) WAS UPDATED TO REFLECT THE CORRECT NUMBER OF GRANTS AND CONTRIBUTIONS FOR THE 2021 TAX YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4460 4460 0 0 X 889099 1250 1250 887849 -19229 -19229 868620 1388103 1250 1250 1386853 -19229 -19229 1367624 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAXES ARE NOT PROVIDED. MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION FILES U.S. FEDERAL FORM 990 FOR ORGANIZATIONS EXEMPT FROM INCOME TAX. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS RECLASSIFICATION FROM EXPENSES PER GAAP -19,229. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS RECLASSIFICATION FROM EXPENSES PER GAAP -19,229. TOP GOLF SCRAMBLE 77585 48410 29175 6455 7415 5359 77585 48410 29175 6455 7415 5359 19229 9946 X X 0 0 0 0 0 0 0 0 0 ANGELA CRANE JONES SECRETARY 169103 0 15000 0 0 0 0 0 9000 0 193103 0 0 0 FORM 990, PART I, ITEM C DBA: NASHVILLE BUSINESS INCUBATION CENTER DBA: GROWTH ENTERPRISES NASHVILLE INC FORM 990, PART VI, SECTION B, LINE 11B COPY OF THE TAX RETURN IS SUBMITTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C INQUIRIES ARE MADE TO EACH BOARD MEMBER AT AN ANNUAL BOARD MEETING TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15A A SUBCOMMITTEE OF THE BOARD REVIEWS COMPENSATION DATA AND ROLES AND RESPONSIBILITIES OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 18 IS AVAILABLE TO THE PUBLIC VIA GIVING MATTERS WEBSITE FORM 990, PART VI, SECTION C, LINE 19 ALL FINANCIAL REPORTS AND GOVERNING DOCUMENTS ARE AVAILABLE ONLINE AT GIVING MATTERS WEBSITE FORM 990, PART IX, LINE 11G PROFESSIONAL FEES- CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 508,890. MANAGEMENT AND GENERAL EXPENSES 103,684. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 612,574. FORM 990, PART X, LINES 27 AND 28, COLUMN A THE DONOR CLASSIFICATION OF NET ASSETS WAS UPDATED ON THE FINANCIAL STATEMENTS AFTER THE FILING OF THE 990 FOR THE PREVIOUS YEAR. THE BEGINNING BALANCE OF NET ASSETS HAS BEEN UPDATED TO REFLECT THE CORRECT CLASSIFICATION OF NET ASSETS WITHOUT DONOR RESTRICTIONS AND NET ASSETS WITH DONOR RESTRICTIONS. OVERALL, TOTAL NET ASSETS DID NOT CHANGE.