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Nonprofit · EIN 85-0657393

JUNCTION BUSINESS SERVICES INC

Tax-exempt · CHARLOTTE, NC 28223

Financials

$510K$711K2023$561K$593K2024
Revenue Expenses · by fiscal year end
Financials of JUNCTION BUSINESS SERVICES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$561,027$593,368-$32,341$452,848$62,500$390,348
December 31, 2023990$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.

NameTitleHours / weekCompensation
MAC EVERETTMEMBER
Trustee or director
1$0
KEVA WALTONMEMBER
Trustee or director
1$0
CEDRIC THOMASMEMBER
Trustee or director
1$0
REGINALD BEANMEMBER
Trustee or director
1$0
DANIEL LEVINEMEMBER
Trustee or director
1$0
CHRIS ELLIOTMEMBER
Trustee or director
1$0
SHARON MATTHEWSMEMBER
Trustee or director
1$0
NATALIE WILLIAMSMEMBER
Trustee or director
1$0
ANITA STATONMEMBER
Trustee or director
1$0
TERRY PICKNEYMEMBERACTING SECRETARY
Trustee or director
1$0
KANICHE BENNETTMEMBER
Trustee or director
1$0
RYAN BURKETTMEMBER
Trustee or director
1$0
HAL LEVINSONMEMBER
Trustee or director
1$0
WILLIAM HAYGOOD IIIMEMBER
Trustee or director
1$0
ERIC LEWISEXEC DIRECTOR CEO
Officer
45$0
2 more people on this return
NameTitleHours / weekCompensation
GREG JOHNSONBOARD CHAIR
Officer
5$0
DERRICK DAVISVICE-CHAIR
Officer
3$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
ERIC LEWISEXEC DIRECTOR CEO
Officer
45$123,531
ANITA STATONMEMBER
Trustee or director
1$0
TERRY PICKNEYMEMBERACTING SECRETARY
Trustee or director
1$0
SHARON MATTHEWSMEMBER
Trustee or director
1$0
NATALIE WILLIAMSMEMBER
Trustee or director
1$0
HAL LEVINSONMEMBER
Trustee or director
1$0
WILLIAM HAYGOOD IIIMEMBER
Trustee or director
1$0
KANICHE BENNETTMEMBER
Trustee or director
1$0
RYAN BURKETTMEMBER
Trustee or director
1$0
CEDRIC THOMASMEMBER
Trustee or director
1$0
KEVA WALTONMEMBER
Trustee or director
1$0
MAC EVERETTMEMBER
Trustee or director
1$0
REGINALD BEANMEMBER
Trustee or director
1$0
CHRIS ELLIOTMEMBER
Trustee or director
1$0
DANIEL LEVINEMEMBER
Trustee or director
1$0
DERRICK DAVISVICE-CHAIR
Officer
3$0
GREG JOHNSONBOARD 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.

990 for the year ended December 31, 2024

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 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
Assets (IRS master file)
$452,848
Income (IRS master file)
$561,027

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$561,027$593,368$452,848XML
990December 2023$509,603$711,360$422,689XML
990December 2022$489,795$607,928$624,553IRS
990December 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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