2026-08-14T14:00:07-05:00 2025-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-10-01 621274582 GROWTH ENTERPRISES NASHVILLE INC ASSOCIATION GROW 6152371235 PO BOX 280567 NASHVILLE TN 37228 MATT PERKINS CHAIRMAN 6152371235 2026-08-13 1 1 KERRI N BOGDA P00760402 7177404863 2026-08-13 2024 2025-03-06 01:10:19Z NASHVILLE BUSINESS INCUBATION CENTER MATT PERKINS PO BOX 280567 NASHVILLE TN 37228 871265 0 X WWW.NBICHUB.ORG X 1987 TN AIDS IN THE GROWTH & DEVELOPMENT OF SMALL/MICROENTERPRISE BUSINESSES WITH TRAINING & OFFICE SPACE. 14 13 14 60 0 0 1249230 597226 217000 227850 0 30998 8556 7351 1474786 863425 0 0 0 0 561736 610234 0 0 24303 373583 433627 935319 1043861 539467 -180436 1411190 1209107 71785 50138 1339405 1158969 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 645879 227850 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 2024-2025, NBIC SERVED 542 INDIVIDUALS. 645879 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 13 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 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 0.00 X X 0 0 0 CHARLOTTE PEACOCK VICE CHAIR 2.00 0.00 X X 0 0 0 ANGELA CRANE JONES CEO/SECRETARY 60.00 0.00 X X 267116 0 9000 CHAD MARTIN DIRECTOR 2.00 0.00 X 0 0 0 PHILLIP MCMULLAN DIRECTOR 2.00 0.00 X 0 0 0 JJ ROSEN DIRECTOR 2.00 0.00 X 0 0 0 JARRETT STRICKLAND DIRECTOR 2.00 0.00 X 0 0 0 CHASITY FARVER DIRECTOR 4.00 0.00 X 0 0 0 BRENDA R SMITH DIRECTOR 2.00 0.00 X 0 0 0 CHERELLE CORTEZ DIRECTOR 4.00 0.00 X 0 0 0 ANGELA CONNER DIRECTOR 4.00 0.00 X 0 0 0 DAWN MASON DIRECTOR 4.00 0.00 X 0 0 0 EMANUEL REED DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL VAN RITE DIRECTOR 2.00 0.00 X 0 0 0 267116 0 9000 1 0 1 0 0 33750 253898 309578 350 597226 TECH & ED ASSISTANCE 541610 227850 227850 227850 30998 30998 15191 33750 7840 7351 7351 863425 227850 0 38349 X 269001 215201 40350 13450 281740 152081 126550 3109 19037 7005 9292 2740 40456 20496 15356 4604 52133 52133 32590 32590 180547 179792 355 400 33825 10746 23079 38921 28063 10858 6664 3424 3240 34932 34932 7478 1439 6039 5435 5435 31 31 4916 4916 PROGRAM EVENT EXPENSE 18632 18632 MISCELLANEOUS EXPENSE 14604 9000 5604 GIFT HONORARIUMS 2069 2069 BAD DEBT EXPENSE 850 850 1043861 645879 373679 24303 1053873 815800 308375 287272 47540 103568 4460 4460 0 0 1402 2467 1411190 1209107 71785 50138 71785 50138 X 1010238 1061836 329167 97133 1339405 1158969 1411190 1209107 -180436 0 X X 0 1 X 1 0 X 785346 1660979 830596 1249230 597226 5123377 785346 1660979 830596 1249230 597226 5123377 1358252 3765125 93 9 8078 30998 39178 1122 8678 9946 8556 7351 35653 5198208 524117 0.72430 0.69160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4460 4460 0 0 X 871265 0 871265 -7840 -7840 863425 1051701 0 1051701 -7840 -7840 1043861 PART X, LINE 2: 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS RECLASSIFICATION -7,840. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS RECLASSIFICATION -7,840. TOP GOLF SCRAMBLE 48941 33750 15191 582 6045 215 998 48941 33750 15191 582 6045 215 998 7840 7351 X X 0 0 0 0 0 0 0 1 0 ANGELA CRANE JONES CEO/SECRETARY 217116 0 50000 0 0 0 0 0 9000 0 276116 0 0 0 PART I, LINE 7 STAFF BONUSES ARE DISCRETIONARY AND BASED ON PERFORMANCE. THE CEO BONUS IS DETERMINED AND APPROVED BY THE BOARD. FORM 990, PART I, ITEM C DBA: NASHVILLE BUSINESS INCUBATION CENTER DBA: GROWTH ENTERPRISES NASHVILLE INC FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACCOUNTING FIRM, RUFFIN CONSULTING. A COPY OF THE TAX RETURN IS THEN SUBMITTED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C GROWTH ENTERPRISES NASHVILLE, INC. MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ITS DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS WITH BOARD-DELEGATED AUTHORITY. COVERED INDIVIDUALS ARE REQUIRED TO ANNUALLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND ACKNOWLEDGE THE POLICY. INDIVIDUALS WITH A CONFLICT MUST ABSTAIN FROM DISCUSSION AND VOTING ON THE RELATED MATTER, AND THE DISINTERESTED MEMBERS OF THE BOARD DETERMINE WHETHER THE TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE ORGANIZATION. CONFLICT DISCLOSURES AND BOARD ACTIONS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR REVIEWING AND DETERMINING THE COMPENSATION OF THE CEO INCLUDES AN EVALUATION BY A DESIGNATED SUBCOMMITTEE OF THE BOARD. THE SUBCOMMITTEE REVIEWS THE EXECUTIVE'S PERFORMANCE ROLES AND RESPONSIBILITIES ALONGSIDE CONTEMPORANEOUS WAGE AND BENEFIT COMPARABILITY DATA DERIVED FROM PEER ORGANIZATIONS OF SIMILAR BUDGET SIZES AND GEOGRAPHIC SCOPE (UTILIZING SOURCES SUCH AS IRS FORM 990 DATA). THE SUBCOMMITTEE'S FINDINGS, RECOMMENDATIONS, AND FINAL COMPENSATION STRUCTURE ARE PRESENTED TO THE FULL BOARD, VOTED UPON, AND FORMALLY DOCUMENTED IN THE OFFICIAL MEETING MINUTES OF THE BOARD OF DIRECTORS. 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 CONSULTING FEES: PROGRAM SERVICE EXPENSES 179,792. MANAGEMENT AND GENERAL EXPENSES 355. FUNDRAISING EXPENSES 400. TOTAL EXPENSES 180,547. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSIGHT OF THE ANNUAL AUDIT HAS NOT CHANGED. THE RESPONSE TO PART XII, LINE 2(C), WAS UPDATED THIS YEAR TO MORE ACCURATELY REFLECT THE ORGANIZATION'S LONGSTANDING GOVERNANCE PRACTICE, UNDER WHICH THE FULL BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT.