NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC (EIN 56-1577495)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-08-18
IRS object ID: 202512309349301286
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-08-18T15:07:00-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	561333355	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	LEEPER KEAN AND RUMLEY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3623 N ELM ST STE 100	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27455	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	561577495	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE NUSSBAUM CENTER FOR ENTREPRENEURSHIP	BusinessNameLine1Txt
Business Name Line2	INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	NUSS	BusinessNameControlTxt
Phone	3363795001	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1451 S ELM-EUGENE STREET BOX 35	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27406	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SAM FUNCHESS	PersonNm
Person Title	CHIEF EXECUTIVE OFFICER	PersonTitleTxt
Phone	3363795001	PhoneNum
Signature	2025-08-07	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MARTIN W DURRENCE	PreparerPersonNm
PTIN	P01226384	PTIN
Phone	3362743700	PhoneNum
Preparation	2025-08-07	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	SAM FUNCHESS	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1451 S ELM-EUGENE ST	AddressLine1Txt
City	BOX GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27406	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$7,416,594	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	HTTPS://NUSSBAUMCFE.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1987	FormationYr
Legal Domicile State	NC	LegalDomicileStateCd
Activity Or Mission	FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES.	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	9	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$511,566	PYContributionsGrantsAmt
CY Contributions Grants	$6,667,942	CYContributionsGrantsAmt
PY Program Service Revenue	$611,589	PYProgramServiceRevenueAmt
CY Program Service Revenue	$643,283	CYProgramServiceRevenueAmt
PY Investment Income	$82,225	PYInvestmentIncomeAmt
CY Investment Income	$105,369	CYInvestmentIncomeAmt
PY Other Revenue	$27,145	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$1,232,525	PYTotalRevenueAmt
CY Total Revenue	$7,416,594	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$278,164	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$358,462	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$62,908	CYTotalFundraisingExpenseAmt
PY Other Expenses	$849,421	PYOtherExpensesAmt
CY Other Expenses	$895,256	CYOtherExpensesAmt
PY Total Expenses	$1,127,585	PYTotalExpensesAmt
CY Total Expenses	$1,253,718	CYTotalExpensesAmt
PY Revenues Less Expenses	$104,940	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$6,162,876	CYRevenuesLessExpensesAmt
Total Assets BOY	$8,035,969	TotalAssetsBOYAmt
Total Assets EOY	$12,658,905	TotalAssetsEOYAmt
Total Liabilities BOY	$2,877,239	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,963,040	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$5,158,730	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$9,695,865	NetAssetsOrFundBalancesEOYAmt
Mission	FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,038,981	ExpenseAmt
Revenue	$643,283	RevenueAmt
Desc	OPERATES AN INCUBATOR FACILITY TO ASSIST NON-RETAIL EMERGING AND START-UP ENTERPRISES BY PROVIDING LOW COST, FURNISHED OFFICE AND LIGHT MANUFACTURING SPACE ALONG WITH SHARED SUPPORT SERVICES INCLUDING RECEPTIONIST, CONSULTING, AND SECRETARIAL SERVICES. BY ASSISTING THESE NEW BUSINESSES IN BECOMING SUCCESSFUL ENTITIES, THE CENTER OFFERS ENHANCED EMPLOYMENT OPPORTUNITES AND OTHER ECONOMIC BENEFITS TO THE GREATER GREENSBORO AREA.	Desc
Total Program Service Expenses	$1,038,981	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	1	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	9	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	SAM FUNCHESS	PersonNm
Phone	3363795001	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1451 S ELM-EUGENE STREET BOX 35	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27406	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
BARRY FRANK
BOARD CHAIR	5.00	Yes (X)	Yes (X)	$0	$0	$0
GEORGE LOTHIAN
BOARD VICE CHAIR	5.00	Yes (X)	Yes (X)	$0	$0	$0
ZAC ENGLE
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
ANDREA BUNN
SECRETARY	5.00	Yes (X)	Yes (X)	$0	$0	$0
JOHN BENJAMIN BROWN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
CHARLIE MELVIN JR
DIRECTOR	2.00	Yes (X)		$0	$0	$0
CHARLES YOUNCE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SCOTT LEIGHTY
DIRECTOR	2.00	Yes (X)		$0	$0	$0
WILSON LESTER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JOHNNY WOOD
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ANDY SCOTT
DIRECTOR	2.00	Yes (X)		$0	$0	$0
RODNEY ROBERTS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MARCUS THOMAS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KEVIN COOKE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ODELL CLEVELAND
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SAM FUNCHESS
CHIEF EXECUTIVE OFFICER	40.00		Yes (X)	$145,702	$0	$0	1.00
LISA HAZLETT
PRESIDENT	40.00		Yes (X)	$97,543	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$243,245	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$6,366,150	GovernmentGrantsAmt
All Other Contributions	$301,792	AllOtherContributionsAmt
Total Contributions	$6,667,942	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PROGRAM SERVICE FEES	900099	$585,307	$585,307
TELEPHONE & INTERNET F	900099	$54,426	$54,426
EASE PROGRAM SERVICE F	900099	$3,550	$3,550

Field	Value	IRS element (for citing)
Total Program Service Revenue	$643,283	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$105,369	TotalRevenueColumnAmt
Exclusion	$105,369	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,416,594	TotalRevenueColumnAmt
Related Or Exempt Func Income	$643,283	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$105,369	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$243,245	TotalAmt
Program Services	$94,829	ProgramServicesAmt
Management And General	$102,114	ManagementAndGeneralAmt
Fundraising	$46,302	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$60,225	TotalAmt
Program Services	$54,517	ProgramServicesAmt
Management And General	$5,631	ManagementAndGeneralAmt
Fundraising	$77	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$31,380	TotalAmt
Program Services	$15,889	ProgramServicesAmt
Management And General	$5,335	ManagementAndGeneralAmt
Fundraising	$10,156	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$23,612	TotalAmt
Program Services	$11,822	ProgramServicesAmt
Management And General	$7,860	ManagementAndGeneralAmt
Fundraising	$3,930	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$10,845	TotalAmt
Program Services	$10,845	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$28,750	TotalAmt
Program Services	$28,750	ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$50,000	TotalAmt
Program Services	$50,000	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,719	TotalAmt
Program Services	$1,832	ProgramServicesAmt
Management And General	$1,257	ManagementAndGeneralAmt
Fundraising	$630	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$53,100	TotalAmt
Program Services	$53,100	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$24,829	TotalAmt
Program Services	$24,259	ProgramServicesAmt
Management And General	$570	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$512,516	TotalAmt
Program Services	$487,442	ProgramServicesAmt
Management And General	$23,999	ManagementAndGeneralAmt
Fundraising	$1,075	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,827	TotalAmt
Program Services	$1,645	ProgramServicesAmt
Management And General	$91	ManagementAndGeneralAmt
Fundraising	$91	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$16,849	TotalAmt
Program Services	$16,517	ProgramServicesAmt
Management And General	$166	ManagementAndGeneralAmt
Fundraising	$166	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$57,513	TotalAmt
Program Services	$57,513	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$135,308	TotalAmt
Program Services	$130,021	ProgramServicesAmt
Management And General	$4,806	ManagementAndGeneralAmt
Fundraising	$481	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,253,718	TotalAmt
Program Services	$1,038,981	ProgramServicesAmt
Management And General	$151,829	ManagementAndGeneralAmt
Fundraising	$62,908	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,564,249	BOYAmt
EOY	$593,087	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,187	BOYAmt
EOY	$999,718	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
EOY	$6,312,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$6,194	BOYAmt
EOY	$20,345	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$5,508,211	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,313,726	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$4,450,397	BOYAmt
EOY	$4,194,485	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$9,942	BOYAmt
EOY	$9,942	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$529,328	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$8,035,969	BOYAmt
EOY	$12,658,905	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$48,293	BOYAmt
EOY	$1,524,700	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,796,206	BOYAmt
EOY	$118,342	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
EOY	$1,319,998	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$32,740	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,877,239	BOYAmt
EOY	$2,963,040	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,782,582	BOYAmt
EOY	$9,328,717	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$376,148	BOYAmt
EOY	$367,148	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,158,730	BOYAmt
EOY	$9,695,865	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$8,035,969	BOYAmt
EOY	$12,658,905	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$6,162,876	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$1,625,741	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	0	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$221,803	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$506,907	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$113,572	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$511,566	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,667,942	CurrentTaxYearAmt
Total	$8,021,790	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$574,675	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$617,476	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$627,135	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$611,589	CurrentTaxYearMinus1YearAmt
Current Tax Year	$643,283	CurrentTaxYearAmt
Total	$3,074,158	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$796,478	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,124,383	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$740,707	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,123,155	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,311,225	CurrentTaxYearAmt
Total	$11,095,948	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$11,095,948	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$1	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$83,279	CurrentTaxYearMinus1YearAmt
Current Tax Year	$105,369	CurrentTaxYearAmt
Total	$188,649	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$1	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$83,279	CurrentTaxYearMinus1YearAmt
Current Tax Year	$105,369	CurrentTaxYearAmt
Total	$188,649	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$796,478	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,124,383	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$740,708	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,206,434	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,416,594	CurrentTaxYearAmt
Total	$11,284,597	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.98330	PublicSupportCY509Pct
Public Support PY509	0.98190	PublicSupportPY509Pct
Investment Income CY	0.01670	InvestmentIncomeCYPct
Investment Income PY	0.01810	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	VolunteersInd
Paid Staff Or Management	0	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	0	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (1)	DirectContactLegislatorsInd
Direct Contact Legislators	$50,000	DirectContactLegislatorsAmt
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	0	OtherActivitiesInd
Total Lobbying Expenditures	$50,000	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$799,463	OtherCostOrOtherBasisAmt
Book Value	$799,463	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,049,313	OtherCostOrOtherBasisAmt
Depreciation	$844,198	DepreciationAmt
Book Value	$3,205,115	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$87,667	OtherCostOrOtherBasisAmt
Depreciation	$35,554	DepreciationAmt
Book Value	$52,113	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$571,768	OtherCostOrOtherBasisAmt
Depreciation	$433,974	DepreciationAmt
Book Value	$137,794	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$4,194,485	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART X, LINE 2:

ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CENTER AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE CENTER HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CENTER IS NOT CURRENTLY UNDER EXAMINATION FOR ANY TAX PERIODS. GENERALLY, THE CENTER'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS AFTER THEY ARE FILED.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

BAD DEBT & UNCOLLECTIBLE FUNDS WRITTEN OFF DURING THE CURRENT YEAR

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE CEO, SAM FUNCHESS, REVIEWS THE FORM 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE CEO, SAM FUNCHESS, MONITORS THE POLICY AND ANY CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE CEO AND PRESIDENT.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	BAD DEBT & UNCOLLECTIBLE FUNDS WRITTEN OFF DURING THE CURRENT YEAR -1,199. TRANSFER OF ASSETS TO STEELHOUSE TITLE HOLDING CORP I RELATED 501(C)2 -1,624,542.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NUSSBAUM CENTER PROPERTIES LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1451 SOUTH ELM EUGENE STREET	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27406	ZIPCd

Field	Value	IRS element (for citing)
EIN	561577495	EIN
Primary Activities	INCUBATOR	PrimaryActivitiesTxt
Legal Domicile State	NC	LegalDomicileStateCd
End Of Year Assets	$1,566,880	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NCFE INC	BusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	STEELHOUSE TITLE HOLDING CORPORATION I	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1451 SOUTH ELM EUGENE STREET	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27406	ZIPCd

Field	Value	IRS element (for citing)
EIN	993624438	EIN
Primary Activities	HOLDING TITLE TO PROPERTY AND COLLECTING AND REMITTING INCOME LESS EXPENSES	PrimaryActivitiesTxt
Legal Domicile State	NC	LegalDomicileStateCd
Exempt Code Section	TITLE HOLDING CORPOR	ExemptCodeSectionTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	THE NUSSBAUM CENTER FOR ENTREPRENSURSHIP INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	STEELHOUSE TITLE HOLDING CORPORATION I	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	R	TransactionTypeTxt
Involved	$1,624,542	InvolvedAmt
Method Of Amount Determination	BOOK VALUE	MethodOfAmountDeterminationTxt