Nonprofit · EIN 85-0657393
JUNCTION BUSINESS SERVICES INC
Tax-exempt · CHARLOTTE, NC 28223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $561,027 | $593,368 | -$32,341 | $452,848 | $62,500 | $390,348 |
| December 31, 2023 | 990 | $509,603 | $711,360 | -$201,757 | $422,689 | $0 | $422,689 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $561,027
- of which government grants
- $520,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $225,000
- Other salaries and wages
- $71,307
- Salaries, compensation and benefits (total)
- $77,119
- Professional fundraising fees
- $0
- Legal fees
- $2,047
- Accounting fees
- $25,600
- Occupancy
- $11,750
- Travel
- $630
- Program services (functional)
- $457,522
- Management and general (functional)
- $90,718
- Fundraising (functional)
- $45,128
Balance sheet and other
- Total assets, start of year
- $422,689
- Total assets, end of year
- $452,848
- Total liabilities, end of year
- $62,500
- Net assets, end of year
- $390,348
- Net assets without donor restrictions
- -$20,969
- Net assets with donor restrictions
- $411,317
- Gross receipts
- $561,027
- Employees
- 1
- Year formed
- 2020
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAC EVERETT | MEMBER Trustee or director | 1 | $0 |
| KEVA WALTON | MEMBER Trustee or director | 1 | $0 |
| CEDRIC THOMAS | MEMBER Trustee or director | 1 | $0 |
| REGINALD BEAN | MEMBER Trustee or director | 1 | $0 |
| DANIEL LEVINE | MEMBER Trustee or director | 1 | $0 |
| CHRIS ELLIOT | MEMBER Trustee or director | 1 | $0 |
| SHARON MATTHEWS | MEMBER Trustee or director | 1 | $0 |
| NATALIE WILLIAMS | MEMBER Trustee or director | 1 | $0 |
| ANITA STATON | MEMBER Trustee or director | 1 | $0 |
| TERRY PICKNEY | MEMBERACTING SECRETARY Trustee or director | 1 | $0 |
| KANICHE BENNETT | MEMBER Trustee or director | 1 | $0 |
| RYAN BURKETT | MEMBER Trustee or director | 1 | $0 |
| HAL LEVINSON | MEMBER Trustee or director | 1 | $0 |
| WILLIAM HAYGOOD III | MEMBER Trustee or director | 1 | $0 |
| ERIC LEWIS | EXEC DIRECTOR CEO Officer | 45 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG JOHNSON | BOARD CHAIR Officer | 5 | $0 |
| DERRICK DAVIS | VICE-CHAIR Officer | 3 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC LEWIS | EXEC DIRECTOR CEO Officer | 45 | $123,531 |
| ANITA STATON | MEMBER Trustee or director | 1 | $0 |
| TERRY PICKNEY | MEMBERACTING SECRETARY Trustee or director | 1 | $0 |
| SHARON MATTHEWS | MEMBER Trustee or director | 1 | $0 |
| NATALIE WILLIAMS | MEMBER Trustee or director | 1 | $0 |
| HAL LEVINSON | MEMBER Trustee or director | 1 | $0 |
| WILLIAM HAYGOOD III | MEMBER Trustee or director | 1 | $0 |
| KANICHE BENNETT | MEMBER Trustee or director | 1 | $0 |
| RYAN BURKETT | MEMBER Trustee or director | 1 | $0 |
| CEDRIC THOMAS | MEMBER Trustee or director | 1 | $0 |
| KEVA WALTON | MEMBER Trustee or director | 1 | $0 |
| MAC EVERETT | MEMBER Trustee or director | 1 | $0 |
| REGINALD BEAN | MEMBER Trustee or director | 1 | $0 |
| CHRIS ELLIOT | MEMBER Trustee or director | 1 | $0 |
| DANIEL LEVINE | MEMBER Trustee or director | 1 | $0 |
| DERRICK DAVIS | VICE-CHAIR Officer | 3 | $0 |
| GREG JOHNSON | BOARD CHAIR Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 9319 ROBERT D SNYDER RD STE 403, CHARLOTTE, NC 28223-0001
- In care of
- % DERRICK DAVIS
- Mailing address (990-N for 2020)
- 14316 Reese Blvd W 235, Huntersville NC 28078
- Principal officer (990-N for 2020)
- Gregory Johnson, 6304 Colonial Garden Dr, Huntersville NC 28078
- Signed the 990
- DERRICK DAVIS, VICE-CHAIR
- Phone
- (704) 961-8879
- Website
- nxtclt.org
- Return prepared by
- PROCTOR AND ASSOCS TBS INC
Mission
NXTCLT, STRIVES TO CREATE A ROBUST PATHWAY TO SUCCESS FOR BUSINESSES OWNED BY PEOPLE OF COLOR. THE COMPANY WAS SET UP WITH A DESIRE TO CREATE A REAL, ACCESSIBLE, AND HIGHLY EFFECTIVE MOVEMENT FOR HIGH-POTENTIAL SMALL AND MEDIUM-SIZED BUSINESSES.
Program accomplishments
- NXT CLT, CHARLOTTE METROS PREMIER SMALL BUSINESS DEVELOPMENT INITIATIVE, STRIVES TO CREATE A ROBUST PATHWAY TO SUCCESS FOR BUSINESSES OWNED BY PEOPLE OF COLOR. THE COMPANY WAS SET UP WITH A DESIRE TO CREATE A REAL, ACCESSIBLE, AND HIGHLY EFFECTIVE MOVEMENT FOR HIGH-POTENTIAL SMALL AND MEDIUM-SIZED BUSINESSES. OUR GOAL IS TO FOSTER THE GROWTH OF COMPANIES OWNED AND OPERATED BY PEOPLE OF COLOR, THUS CREATING AN ECOSYSTEM OF EFFECTIVE SUPPORT FOR MANY MORE.Expenses $457,522 · revenue $561,027
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0657393
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W02)
- Assets (IRS master file)
- $452,848
- Income (IRS master file)
- $561,027
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $561,027 | $593,368 | $452,848 | XML |
| 990 | December 2023 | $509,603 | $711,360 | $422,689 | XML |
| 990 | December 2022 | $489,795 | $607,928 | $624,553 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Gregory Johnson | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0657393).
Questions about JUNCTION BUSINESS SERVICES INC
- What is the EIN of JUNCTION BUSINESS SERVICES INC?
- The employer identification number (EIN) of JUNCTION BUSINESS SERVICES INC is 85-0657393.
- Is JUNCTION BUSINESS SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to JUNCTION BUSINESS SERVICES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JUNCTION BUSINESS SERVICES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JUNCTION BUSINESS SERVICES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JUNCTION BUSINESS SERVICES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of JUNCTION BUSINESS SERVICES INC?
- The 990-N for 2020 names Gregory Johnson.
- Who are the officers and directors of JUNCTION BUSINESS SERVICES INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does JUNCTION BUSINESS SERVICES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $561,027, expenses of $593,368 and total assets of $452,848 at year end.
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