2025-07-30T11:17:00-05:00 2024-09-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2023-10-01 621274582 GROWTH ENTERPRISES NASHVILLE INC ASSOCIATION GROW 6152371235 PO BOX 280567 NASHVILLE TN 37228 MATT PERKINS CHAIRMAN 6152371235 2025-07-30 1 1 FRANCES E LEAHY P00713593 6152427351 2025-07-30 2023 2025-03-06 01:10:19Z NASHVILLE BUSINESS INCUBATION CENTER MATT PERKINS PO BOX 280567 NASHVILLE TN 37228 1505250 0 X WWW.NBICONLINE.COM X 1987 TN AIDS IN THE GROWTH & DEVELOPMENT OF SMALL/MICROENTERPRISE BUSINESSES WITH TRAINING & OFFICE SPACE. 13 12 10 91 0 0 830596 1249230 20000 217000 8078 0 9946 8556 868620 1474786 0 0 0 0 537385 561736 0 0 33505 830239 373583 1367624 935319 -499004 539467 911012 1411190 111074 71785 799938 1339405 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 627420 217000 THE NASHVILLE BUSINESS INCUBATION CENTER (NBIC) HAS PLAYED A PIVOTAL ROLE IN THE SUCCESS OF 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. IN FISCAL YEAR 2023-2024, NBIC SERVED 1,029 INDIVIDUALS. 627420 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 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 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 2.00 X X 0 0 0 CHARLOTTE PEACOCK TREASURER 2.00 X X 0 0 0 ANGELA CRANE JONES CEO/SECRETARY 60.00 X X 262750 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 4.00 X 0 0 0 BRENDA R SMITH DIRECTOR 2.00 X 0 0 0 CHERELLE CORTEZ DIRECTOR 4.00 X 0 0 0 ANGELA CONNER DIRECTOR 4.00 X 0 0 0 VERONICA M CLARK DIRECTOR 2.00 X 0 0 0 DAWN MASON DIRECTOR 4.00 X 0 0 0 262750 0 9000 1 0 1 0 0 95965 1153265 1249230 TECH & ED ASSISTANCE 541610 217000 217000 217000 39020 95965 30464 8556 8556 1474786 217000 0 8556 X 276117 220893 27612 27612 245380 155015 90365 3225 3225 37014 29171 7017 826 23849 23849 155759 124317 30692 750 34469 20031 14389 49 34178 5391 28413 374 34589 17169 17420 4300 4300 12429 8210 4219 4923 4923 4121 4121 PROGRAM EVENT EXPENSE 49902 39128 6880 3894 MISCELLANEOUS EXPENSE 13972 8095 5877 BAD DEBT EXPENSE 1092 1092 935319 627420 274394 33505 600417 1053873 250000 308375 59650 47540 4460 4460 0 0 945 1402 911012 1411190 111074 71785 111074 71785 X -2137 1010238 802075 329167 799938 1339405 911012 1411190 539467 0 X 0 1 X 0 0 X 93449 785346 1660979 830596 1249230 4619600 93449 785346 1660979 830596 1249230 4619600 1392310 3227290 312 93 9 8078 0 8492 9790 1122 8678 9946 8556 38092 4666184 744110 0.69160 0.64150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4460 4460 0 0 X 1505250 0 1505250 -30464 -30464 1474786 965783 0 965783 -30464 -30464 935319 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 -30,464. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS RECLASSIFICATION FROM EXPENSES PER GAAP -30,464. TOP GOLF SCRAMBLE 134985 95965 39020 1440 18819 10205 134985 95965 39020 1440 18819 10205 30464 8556 X X 0 0 0 0 0 0 0 0 0 ANGELA CRANE JONES CEO/SECRETARY 212750 0 50000 0 0 0 0 0 9000 0 271750 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 THE BOARD OF DIRECTORS (OR EXECUTIVE COMMITTEE) IS ULTIMATELY RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT EXISTS. THE INDIVIDUAL WITH THE POTENTIAL CONFLICT MUST DISCLOSE THE SITUATION IN WRITING. ONCE DISCLOSED, THE BOARD (OR GOVERNANCE COMMITTEE) REVIEWS THE FACTS AND DETERMINES WHETHER THE INTEREST COULD IMPROPERLY INFLUENCE THE PERSON'S DECISION-MAKING OR ACTIONS ON BEHALF OF THE ORGANIZATION. THE CEO MAY MAKE AN INITIAL ASSESSMENT, BUT ANY FINAL DETERMINATION ESPECIALLY INVOLVING SENIOR LEADERSHIP GOES TO THE BOARD OR COMMITTEE. IF A CONFLICT IS CONFIRMED, THE FOLLOWING RESTRICTIONS GENERALLY APPLY: -THE CONFLICTED PERSON MUST RECUSE THEMSELVES FROM ALL RELATED DISCUSSIONS AND DECISIONS, INCLUDING VOTES. -THEY MAY NOT INFLUENCE OR PARTICIPATE IN THE DELIBERATION OR VOTE RELATED TO THE MATTER. -IN SOME CASES, THE INDIVIDUAL MAY BE BARRED FROM ACCESSING RELATED INFORMATION OR MAY BE RESTRICTED FROM REPRESENTING THE ORGANIZATION IN THAT SPECIFIC MATTER. -FOR CONTRACTUAL OR FINANCIAL INTERESTS, THE ORGANIZATION MAY REQUIRE THE CONFLICTED PARTY TO DIVEST OR RESTRUCTURE THE RELATIONSHIP TO ELIMINATE THE CONFLICT. 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 124,317. MANAGEMENT AND GENERAL EXPENSES 30,692. FUNDRAISING EXPENSES 750. TOTAL EXPENSES 155,759.